MIRA INFORM REPORT
|
Report No. : |
352703 |
|
Report Date : |
30.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
FAT FACE LIMITED |
|
|
|
|
Registered Office : |
Unit 3 Ridgway Havant Hampshire PO9 1QJ |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.05.2014 |
|
|
|
|
Date of Incorporation : |
02.08.1994 |
|
|
|
|
Com. Reg. No.: |
02954734 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employee : |
2574 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No complaints |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made on
e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
United Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
UNITED KINGDOM ECONOMIC
OVERVIEW
The UK, a
leading trading power and financial center, is the third largest economy in
Europe after Germany and France. Agriculture is intensive, highly mechanized,
and efficient by European standards, producing about 60% of food needs with
less than 2% of the labor force. The UK has large coal, natural gas, and oil
resources, but its oil and natural gas reserves are declining and the UK has
been a net importer of energy since 2005. Services, particularly banking,
insurance, and business services, are key drivers of British GDP growth.
Manufacturing, meanwhile, has declined in importance but still accounts for
about 10% of economic output.
In 2008,
the global financial crisis hit the economy particularly hard, due to the
importance of its financial sector. Falling home prices, high consumer debt,
and the global economic slowdown compounded Britain's economic problems,
pushing the economy into recession in the latter half of 2008 and prompting the
then BROWN (Labour) government to implement a number of measures to stimulate
the economy and stabilize the financial markets. Facing burgeoning public
deficits and debt levels, in 2010 the CAMERON-led coalition government (between
Conservatives and Liberal Democrats) initiated an austerity program, which
aimed to lower London's budget deficit from about 11% of GDP in 2010 to nearly
1% by 2015. The CAMERON government raised the value added tax from 17.5% to 20%
in 2011. It has pledged to reduce the corporation tax rate to 20% by 2015.
However, the deficit still remains one of the highest in the G7, standing at
6.0% in 2014.
In 2012,
weak consumer spending and subdued business investment weighed on the economy,
however, in 2013 GDP grew 1.7% and in 2014, 2.6%, accelerating unexpectedly
because of greater consumer spending and a recovering housing market.
The Bank
of England (BoE) implemented an asset purchase program of �375 billion (approximately $586
billion) as of December 2014. During times of economic crisis, the BoE
coordinates interest rate moves with the European Central Bank, but Britain
remains outside the European Economic and Monetary Union (EMU).
|
Source
: CIA |
Company Name and address
FAT FACE LIMITED
Company No:
02954734
Registered Address:
UNIT 3 RIDGWAY HAVANT HAMPSHIRE PO9 1QJ
Company Summary
|
Registered
Address |
UNIT 3
RIDGWAY HAVANT HAMPSHIRE PO9 1QJ |
Trading
Address |
1-3
Ridgway Havant Hampshire PO9 1QJ |
|
Website
Address |
http://www.fatface.com |
|
|
|
Telephone
Number |
02392441234 |
Fax Number |
|
|
TPS |
No |
FPS |
No |
|
Incorporation
Date |
02/08/1994 |
|
|
|
Previous
Name |
|
Type |
Private
limited with Share Capital |
|
FTSE Index |
-- |
Date of
Change |
-- |
|
Filing Date
of Accounts |
19/11/2015 |
Currency |
GBP |
|
Share
Capital |
£300,000 |
SIC07 |
47710 |
|
Charity Number |
-- |
|
|
|
SIC07
Description |
RETAIL
SALE OF CLOTHING IN SPECIALISED STORES |
||
|
Principal
Activity |
Design
and sale of "active lifestyle" clothing and related accessories. |
||
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder |
Funds Employees |
|
31/05/2014 |
£178,829,000 |
£16,490,000 |
£88,892,000 |
2574 |
|
01/06/2013 |
£178,829,000 |
£16,307,000 |
£70,134,000 |
2265 |
|
02/06/2012 |
£163,622,000 |
£9,223,000 |
£57,167,000 |
2191 |
Mortgage Summary
Total Mortgage 11
Outstanding 3
Satisfied 8
Trade Debtors / Bad Debt Summary
Total Number of Documented Trade 0
Total Value of Documented Trade £0
Commentary
|
This company has been treated as a Large
company in respect of the rating/limit generated. |
|
|
This company's return on total assets
employed ratio indicates a highly efficient use of assets. |
|
|
This company has made late payments on a
medium percentage of invoices. |
|
|
This company's ratio of total liabilities
to total assets indicates the presence of moderate equity funding. |
|
|
The company has more cash than short term
bank borrowings. |
|
|
This company trades in an industry with a
higher level of corporate failures. |
CCJ
|
Total Number of Exact CCJs - |
2 |
Total Value of Exact CCJs - |
£292 |
|
Total Number of Possible CCJs - |
0 |
Total Value of Possible CCJs - |
|
|
Total Number of Satisfied CCJs - |
1 |
Total Value of Satisfied CCJs - |
£147 |
|
Total Number of Writs - |
- |
|
Total Current Directors |
3 |
|
Total Current Secretaries |
0 |
|
Total Previous Directors / Company
Secretaries |
19 |
Current Directors
|
Name |
Anthony Joseph Thompson |
Date of Birth |
02/03/1964 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
13 |
Function |
Director |
|
Appointment Date |
12/04/2010 |
||
|
Address |
Unit 3 Ridgway, Havant, Hampshire, PO9 1QJ |
||
|
Name |
Simon James Pickering |
Date of Birth |
30/04/1973 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
11 |
Function |
Director |
|
Appointment Date |
31/01/2013 |
||
|
Address |
Unit 3 Ridgway, Havant, Hampshire, PO9 1QJ |
||
|
Name |
William John Milton Crumbie |
Date of Birth |
27/12/1979 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
10 |
Function |
Director |
|
Appointment Date |
27/11/2014 |
||
|
Address |
Unit 3 Ridgway, Havant, Hampshire, PO9 1QJ |
||
Current Company Secretary
-----
Top 20 Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
|
FAT FACE HOLDINGS LTD |
GBP |
300,000 |
ORDINARY |
1 |
100 |
Profit & Loss
|
Date Of Accounts |
31/05/14 |
(%) |
01/06/13 |
(%) |
02/06/12 |
(%) |
28/05/11 |
(%) |
29/05/10 |
|
Weeks |
52 |
(%) |
52 |
(%) |
53 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
£178,829,000 |
- |
£178,829,000 |
9.3% |
£163,622,000 |
7.2% |
£152,675,000 |
12.8% |
£135,359,000 |
|
Export |
£5,240,000 |
-1.3% |
£5,311,000 |
4.7% |
£5,072,000 |
-88.1% |
£42,749,000 |
-16.9% |
£51,436,000 |
|
Cost of Sales |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Gross Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Wages & Salaries |
£42,578,000 |
29.9% |
£32,782,000 |
19.2% |
£27,509,000 |
-10.5% |
£30,738,000 |
15.2% |
£26,673,000 |
|
Directors Emoluments |
£4,979,000 |
162.1% |
£1,900,000 |
159.2% |
£733,000 |
-58.6% |
£1,771,000 |
-19.4% |
£2,198,000 |
|
Operating Profit |
£13,300,000 |
1.4% |
£13,117,000 |
74.7% |
£7,507,000 |
69% |
£4,442,000 |
578.2% |
£655,000 |
|
Depreciation |
£5,091,000 |
-0.7% |
£5,129,000 |
-20.3% |
£6,433,000 |
-5.1% |
£6,779,000 |
-6.5% |
£7,254,000 |
|
Audit Fees |
£83,000 |
-2.4% |
£85,000 |
10.4% |
£77,000 |
-31.3% |
£112,000 |
21.7% |
£92,000 |
|
Interest Payments |
£5,155,000 |
36.8% |
£3,768,000 |
46.5% |
£2,572,000 |
55.6% |
£1,653,000 |
68.2% |
£983,000 |
|
Pre Tax Profit |
£16,490,000 |
1.1% |
£16,307,000 |
76.8% |
£9,223,000 |
50% |
£6,149,000 |
114.2% |
£2,871,000 |
|
Taxation |
-£5,056,000 |
-0.9% |
-£5,013,000 |
-73% |
-£2,897,000 |
19.4% |
-£3,596,000 |
-27.4% |
-£2,822,000 |
|
Profit After Tax |
£11,434,000 |
1.2% |
£11,294,000 |
78.5% |
£6,326,000 |
147.8% |
£2,553,000 |
999.9% |
£49,000 |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
£11,434,000 |
1.2% |
£11,294,000 |
78.5% |
£6,326,000 |
147.8% |
£2,553,000 |
999.9% |
£49,000 |
Balance Sheet
|
Date Of Accounts |
31/05/14 |
(%) |
01/06/13 |
(%) |
02/06/12 |
(%) |
28/05/11 |
(%) |
29/05/10 |
|
Tangible Assets |
£19,613,000 |
16.7% |
£16,807,000 |
5.7% |
£15,903,000 |
-13.5% |
£18,390,000 |
-9.3% |
£20,279,000 |
|
Intangible Assets |
£1,727,000 |
14.8% |
£1,504,000 |
68.6% |
£892,000 |
999.9% |
£17,000 |
-72.1% |
£61,000 |
|
Total Fixed Assets |
£21,340,000 |
16.5% |
£18,311,000 |
9% |
£16,795,000 |
-8.8% |
£18,407,000 |
-9.5% |
£20,340,000 |
|
Stock |
£20,658,000 |
22.7% |
£16,839,000 |
4.9% |
£16,059,000 |
-18.2% |
£19,637,000 |
32.5% |
£14,821,000 |
|
Trade Debtors |
£1,678,000 |
274.6% |
£448,000 |
-41.1% |
£761,000 |
-15.4% |
£899,000 |
-29.8% |
£1,281,000 |
|
Cash |
£21,267,000 |
-22.1% |
£27,286,000 |
19.7% |
£22,794,000 |
69.4% |
£13,459,000 |
250.1% |
£3,844,000 |
|
Other Debtors |
£144,316,000 |
42.8% |
£101,067,000 |
40.8% |
£71,776,000 |
28.5% |
£55,847,000 |
39% |
£40,165,000 |
|
Miscellaneous Current Assets |
0 |
-100% |
£367,000 |
-43.1% |
£645,000 |
- |
0 |
-100% |
£892,000 |
|
Total Current Assets |
£187,919,000 |
28.7% |
£146,007,000 |
30.3% |
£112,035,000 |
24.7% |
£89,842,000 |
47.3% |
£61,003,000 |
|
Trade Creditors |
£12,778,000 |
7.9% |
£11,838,000 |
10.7% |
£10,689,000 |
15.4% |
£9,265,000 |
43.8% |
£6,441,000 |
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
-100% |
£676,000 |
|
Other Short Term Finance |
£72,349,000 |
29.5% |
£55,879,000 |
32.4% |
£42,190,000 |
37.1% |
£30,770,000 |
96% |
£15,699,000 |
|
Miscellaneous Current Liabilities |
£24,981,000 |
36% |
£18,364,000 |
70.7% |
£10,759,000 |
-3.7% |
£11,170,000 |
42.6% |
£7,834,000 |
|
Total Current Liabilities |
£110,108,000 |
27.9% |
£86,081,000 |
35.3% |
£63,638,000 |
24.3% |
£51,205,000 |
67.1% |
£30,650,000 |
|
Bank Loans & Overdrafts and LTL |
£10,259,000 |
26.6% |
£8,103,000 |
1% |
£8,025,000 |
12.6% |
£7,128,000 |
-3.4% |
£7,378,000 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Long Term Liabilities |
£10,259,000 |
26.6% |
£8,103,000 |
1% |
£8,025,000 |
12.6% |
£7,128,000 |
6.4% |
£6,702,000 |
Capital & Reserves
|
Date Of Accounts |
31/05/14 |
(%) |
01/06/13 |
(%) |
02/06/12 |
(%) |
28/05/11 |
(%) |
29/05/10 |
|
Called Up Share Capital |
£300,000 |
- |
£300,000 |
- |
£300,000 |
- |
£300,000 |
- |
£300,000 |
|
P & L Account Reserve |
£69,225,000 |
21.5% |
£56,997,000 |
24.7% |
£45,703,000 |
16.1% |
£39,377,000 |
6.9% |
£36,824,000 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
£19,367,000 |
50.9% |
£12,837,000 |
15% |
£11,164,000 |
9% |
£10,239,000 |
49.1% |
£6,867,000 |
|
Shareholder Funds |
£88,892,000 |
26.7% |
£70,134,000 |
22.7% |
£57,167,000 |
14.5% |
£49,916,000 |
13.5% |
£43,991,000 |
Other Financial Items
|
Date Of Accounts |
31/05/14 |
(%) |
01/06/13 |
(%) |
02/06/12 |
(%) |
28/05/11 |
(%) |
29/05/10 |
|
Net Worth |
£87,165,000 |
27% |
£68,630,000 |
22% |
£56,275,000 |
12.8% |
£49,899,000 |
13.6% |
£43,930,000 |
|
Working Capital |
£77,811,000 |
29.8% |
£59,926,000 |
23.8% |
£48,397,000 |
25.3% |
£38,637,000 |
27.3% |
£30,353,000 |
|
Total Assets |
£209,259,000 |
27.4% |
£164,318,000 |
27.5% |
£128,830,000 |
19% |
£108,249,000 |
33.1% |
£81,343,000 |
|
Total Liabilities |
£120,367,000 |
27.8% |
£94,184,000 |
31.4% |
£71,663,000 |
22.9% |
£58,333,000 |
56.2% |
£37,352,000 |
|
Net Assets |
£88,892,000 |
26.7% |
£70,134,000 |
22.7% |
£57,167,000 |
14.5% |
£49,916,000 |
13.5% |
£43,991,000 |
Cash Flow
|
Date Of Accounts |
31/05/14 |
(%) |
01/06/13 |
(%) |
02/06/12 |
(%) |
28/05/11 |
(%) |
29/05/10 |
|
Net Cashflow from Operations |
£1,352,000 |
-87.6% |
£10,907,000 |
-20.3% |
£13,685,000 |
-6.1% |
£14,577,000 |
270.7% |
£3,932,000 |
|
Net Cashflow before Financing |
-£6,017,000 |
-233.7% |
£4,502,000 |
-52.5% |
£9,480,000 |
-8% |
£10,306,000 |
997.7% |
-£1,148,000 |
|
Net Cashflow from Financing |
-£2,000 |
80% |
-£10,000 |
93.1% |
-£145,000 |
-866.7% |
-£15,000 |
51.6% |
-£31,000 |
|
Increase in Cash |
-£6,019,000 |
-234% |
£4,492,000 |
-51.9% |
£9,335,000 |
-9.3% |
£10,291,000 |
972.9% |
-£1,179,000 |
Miscellaneous
|
Date Of Accounts |
31/05/14 |
(%) |
01/06/13 |
(%) |
02/06/12 |
(%) |
28/05/11 |
(%) |
29/05/10 |
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
£99,151,000 |
26.7% |
£78,237,000 |
20% |
£65,192,000 |
14.3% |
£57,044,000 |
12.5% |
£50,693,000 |
|
Number of Employees |
2574 |
13.6% |
2265 |
3.4% |
2191 |
5.2% |
2083 |
4.3% |
1997 |
|
Accountants |
|||||||||
|
Auditors |
KPMG LLP |
||||||||
|
Auditor Comments |
The audit report contains no adverse
comments |
||||||||
|
Bankers |
|||||||||
|
Bank Branch Code |
|||||||||
Ratios
|
Date Of Accounts |
31/05/14 |
01/06/13 |
02/06/12 |
28/05/11 |
29/05/10 |
|
Pre-tax profit margin % |
9.22 |
9.12 |
5.64 |
4.03 |
2.12 |
|
Current ratio |
1.71 |
1.70 |
1.76 |
1.75 |
1.99 |
|
Sales/Net Working Capital |
2.30 |
2.98 |
3.38 |
3.95 |
4.46 |
|
Gearing % |
11.50 |
11.60 |
14 |
14.30 |
16.80 |
|
Equity in % |
42.80 |
43.10 |
44.70 |
46.10 |
54.10 |
|
Creditor Days |
26 |
24.09 |
24.23 |
22.08 |
17.32 |
|
Debtor Days |
3.41 |
0.91 |
1.72 |
2.14 |
3.44 |
|
Liquidity/Acid Test |
1.51 |
1.50 |
1.50 |
1.37 |
1.50 |
|
Return On Capital Employed % |
16.63 |
20.84 |
14.14 |
10.77 |
5.66 |
|
Return On Total Assets Employed % |
7.88 |
9.92 |
7.15 |
5.68 |
3.52 |
|
Current Debt Ratio |
1.23 |
1.22 |
1.11 |
1.02 |
0.69 |
|
Total Debt Ratio |
1.35 |
1.34 |
1.25 |
1.16 |
0.84 |
|
Stock Turnover Ratio % |
11.55 |
9.41 |
9.81 |
12.86 |
10.94 |
|
Return on Net Assets Employed % |
18.55 |
23.25 |
16.13 |
12.31 |
6.52 |
Report Notes
|
There are no notes to display. |
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
13/08/2015 |
Annual Returns |
|
11/08/2015 |
Payment Data Update Recieved |
|
28/07/2015 |
Payment Data Update Recieved |
|
07/07/2015 |
Payment Data Update Recieved |
|
15/12/2014 |
New Accounts Filed |
|
15/12/2014 |
New Accounts Filed |
|
04/12/2014 |
New Board Member Mr W.J. Crumbie appointed |
|
14/09/2014 |
Annual Returns |
|
06/08/2014 |
Ms H. Cowing has left the board |
|
14/05/2014 |
IQIA LIMITED has resigned as company
secretary |
|
07/02/2014 |
New Board Member Ms H. Cowing appointed |
|
23/09/2013 |
New Accounts Filed |
|
23/09/2013 |
New Accounts Filed |
|
13/08/2013 |
Annual Returns |
|
12/08/2013 |
Ms H. Cowing has left the board |
Previous Company Names
|
No Previous Names found |
Writ Details
|
No writs found |
Statistics
|
Group |
10 companies |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Summary
|
Holding Company |
FAT FACE HOLDINGS LIMITED |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
FATFACE GROUP LIMITED |
Group Structure Full
|
Company Name |
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
|
06148029 |
31.05.2014 |
Y |
£199,859,000 |
|
|
06148023 |
31.05.2014 |
N |
|
|
|
06148075 |
31.05.2014 |
N |
|
|
|
05425282 |
31.05.2014 |
N |
|
|
|
05425494 |
31.05.2014 |
N |
|
|
|
05430680 |
31.05.2014 |
N |
|
|
|
09083870 |
- |
N |
|
|
|
08873788 |
30.05.2015 |
N |
|
|
|
03906241 |
31.05.2014 |
N |
£12,083,000 |
|
|
02954734 |
31.05.2014 |
N |
£178,829,000 |
Exact CCJ Details
|
Date |
Court |
Amount |
Status |
Case Number |
Date Paid |
|
26/06/2013 |
NORTHAMPTON CCBC |
£25 |
Judgment |
3QT35703 |
- |
|
03/01/2013 |
COUNTY COURT BUSINESS CENTRE |
£147 |
Satisfied |
2QL68871 |
28/04/2014 |
|
06/10/2012 |
NORTHAMPTON CCMCC |
£267 |
Judgment |
2YL84223 |
- |
Possible CCJs Details
Possible CCJ matches show CCJs that may be
matched to a company based on various criteria such as similar trading names or
addresses. This data is provided for your information only as an aid to
decision-making and does not affect a company’s rating.
|
There are no possible CCJ details |
Mortgage Details
|
Mortgage Type: |
|||
|
Date Charge Created: |
25/09/14 |
||
|
Date Charge Registered: |
29/09/14 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
LLOYDS BANK PLC AS SECURITY TRUSTEE; |
||
|
Amount Secured: |
|||
|
Details: |
43 MARMION ROAD, SOUTHSEA; TITLE NUMBER: HP136457.CONTAINS
FIXED CHARGE.CONTAINS FLOATING CHARGE.FLOATING CHARGE COVERSALL THE PROPERTY
OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE. |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
01/10/12 |
||
|
Date Charge Registered: |
03/10/12 |
||
|
Date Charge Satisfied: |
08/10/14 |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
BNP PARIBAS (AS SECURITY TRUSTEE FOR THE
SECURED PARTIES); |
||
|
Amount Secured: |
|||
|
Details: |
FIXED AND FLOATING CHARGE OVER THE UNDERTAKING
AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL,
BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT &
MACHINERY. SEE IMAGE FOR FULL DETAILS |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
17/05/07 |
||
|
Date Charge Registered: |
24/05/07 |
||
|
Date Charge Satisfied: |
08/10/14 |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
BNP PARIBAS (THE SECURITY TRUSTEE); |
||
|
Amount Secured: |
|||
|
Details: |
FIXED AND FLOATING CHARGES OVER THE
UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL
BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERYSEE THE
MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
|||
|
Date Charge Created: |
29/04/05 |
||
|
Date Charge Registered: |
13/05/05 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
THE ROYAL BANK OF SCOTLAND PLC (AS SECURITY
TRUSTEE) |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT
CREATING OR EVIDENCING THE CHARGE |
||
|
Details: |
FIXED AND FLOATING CHARGES OVER THE
UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL
BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERYSEE THE
MORTGAGECHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
RENT DEPOSIT DEED |
||
|
Date Charge Created: |
17/10/02 |
||
|
Date Charge Registered: |
24/10/02 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
BLUECO LIMITED |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING
OR EVIDENCING THE CHARGE |
||
|
Details: |
THE DEPOSIT TOGETHER WITH ANY INTEREST
CALCULATED TO THE DEPOSIT ACCOUNT BEING THE ACCOUNT AT THE BANK IN THE
LANDLORD\S SOLE NAME AND ANY MONEYS REINSTATED TOTHE DEPOSIT ACCOUNT BY THE COMPANY
SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
MORTGAGE OF TRADE MARKS TRADENAMES AND
GOODWILL |
||
|
Date Charge Created: |
12/02/00 |
||
|
Date Charge Registered: |
22/02/00 |
||
|
Date Charge Satisfied: |
19/05/05 |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
ALL THE UNITED KINGDOM TRADE MARKS LISTED SEE
THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
12/02/00 |
||
|
Date Charge Registered: |
22/02/00 |
||
|
Date Charge Satisfied: |
19/05/05 |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING
AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS
UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY |
||
|
Mortgage Type: |
RENTAL DEPOSIT DEED |
||
|
Date Charge Created: |
31/12/98 |
||
|
Date Charge Registered: |
09/01/99 |
||
|
Date Charge Satisfied: |
23/02/05 |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
SMARTLAND INVESTMENTS INC. |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY
TO THE CHARGEE UNDER THE TERMS OF THE LEASE BETWEEN THE COMPANY (AS TENANT)
AND THE CHARGEE (AS LANDLORD) DATED 24TH NOVEMBER 1998 RELATING TO PROPERTY
AT 14 MERCERY LANE CANTERBURY KENT |
||
|
Details: |
ALL THE COMPANY\S RIGHT TITLE AND INTEREST
IN AND TO THE DEPOSIT ACCOUNT IN THENAME OF SMARTLAND INVESTMENTS INC.
WITHTHE LANDLORDS SOLICITORS IN WHICH THE INITIAL DEPOSIT OF £11,250 IS
PLACED |
||
|
Mortgage Type: |
LEGAL MORTGAGE |
||
|
Date Charge Created: |
04/02/97 |
||
|
Date Charge Registered: |
10/02/97 |
||
|
Date Charge Satisfied: |
20/11/02 |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
NATIONAL WESTMINSTER BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
F/H 126 HIGH STREET COWES ISLE OF WIGHTT/NO
IW 36104 AND THE PROCEEDS OF SALE THEREOF AND BY WAY OFA FLOATING CHARGE OVER
ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT
ANDAN ASSIGNMENT OF THEGOODWILL AND CONNECTION OF ANY BUSINESSTOGETHER WITH
THE FULL BENEFIT OF ALL LICENCES |
||
|
Mortgage Type: |
MORTGAGE DEBENTURE |
||
|
Date Charge Created: |
04/12/96 |
||
|
Date Charge Registered: |
09/12/96 |
||
|
Date Charge Satisfied: |
20/11/02 |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
NATIONAL WESTMINSTER BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
A SPECIFIC EQUITABLE CHARGE OVER ALL
FREEHOLD AND LEASEHOLD PROPERTIES AND/OR THE PROCEEDS OF SALE THEREOF FIXED
AND FLOATING CHARGES OVER UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND
FUTURE INCLUDING GOODWILL BOOKDEBTS AND THE BENEFITS OF ANY LICENCES |
||
|
Mortgage Type: |
FIXED AND FLOATING CHARGE |
||
|
Date Charge Created: |
17/08/94 |
||
|
Date Charge Registered: |
19/08/94 |
||
|
Date Charge Satisfied: |
11/09/97 |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
MIDLAND BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING
AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING UNCALLED CAPITAL
GOODWILL BOOKDEBTS AND PATENTS |
||
Previous Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
Timothy Slade |
2 |
2 |
|
Julian Philip Leaver |
2 |
4 |
|
Julian Philip Leaver |
2 |
4 |
|
Andrew John Day |
5 |
13 |
|
Helen Carol Taylor |
0 |
4 |
|
Helen Carol Taylor |
0 |
4 |
|
Louise Barnes |
1 |
10 |
|
Stuart Gary Owens |
0 |
14 |
|
Patrick Adam Charles Fox |
3 |
13 |
|
Ian Shaw |
0 |
3 |
|
Shaun Simon Wills |
0 |
18 |
|
YORK PLACE COMPANY NOMINEES LIMITED |
734 |
31910 |
|
YORK PLACE COMPANY SECRETARIES LIMITED |
830 |
31482 |
|
Guy Patrick Weldon |
13 |
22 |
|
Alan James Giles |
5 |
45 |
|
Helen Cowing |
0 |
9 |
|
Emily Sarah Tate |
13 |
12 |
|
Clive Russell Beharrell |
3 |
10 |
|
IQIA LIMITED |
0 |
1 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.75 |
|
|
1 |
Rs.100.68 |
|
Euro |
1 |
Rs.70.88 |
|
GBP |
1 |
Rs.100.28 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ANK |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.