MIRA
INFORM REPORT
|
Report Date : |
05.08.2008 |
IDENTIFICATION
DETAILS
|
Name : |
TJX UK |
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Registered Office : |
50 Clarendon Rd, Watford Hertfordshire WD17 1TX |
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Country : |
United Kingdom |
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Financials (as on) : |
27.01.2007 |
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Date of Incorporation : |
18.08.1995 |
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Com. Reg. No.: |
03094828 |
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Legal Form : |
Private Unlimited Company (GB) |
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Line of Business : |
Retailers of Clothing and Accessories |
RATING &
COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
GBP 11,971,400 |
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|
|
Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Identification Details
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Subject Reported on |
TJX UK |
|
Holding Company |
TJX EUROPE LTD |
|
Ultimate Holding Company |
TJX EUROPE LTD |
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Trading Address |
50 CLARENDON RD,WATFORD,WD17 1TX |
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Telephone |
01923-473000 |
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There is every confidence this company will prove good for
the assigned Credit Limit |
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Credit Limit |
GBP 11,971,400 |
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Selling to this company? The Credit Limit is the
recommended maximum outstanding debtor exposure at any one time. |
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Contract Limit |
GBP 142,386,800 |
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Buying from this company? The Contract Limit is the
recommended aggregate annual value for supply contracts. |
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Official Company Data
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|
Legal Form |
Private Unlimited Company (GB) |
|
Registration Number |
03094828 |
|
Date of Incorporation |
18/08/1995 |
|
Registered Office |
50 Clarendon Rd, Watford Hertfordshire WD17 1TX |
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Date of Last Annual Return to
Registry |
18/08/2007 |
|
Activities |
Retailers of clothing and accessories |
|
Accounts |
The last filed accounts cover
the period to 27/01/2007 and were filed on 27/11/2007 with Companies House. |
Recently Filed Documents
Details
of the most recent documents
|
Date
Received |
Description |
|
18/08/2007 |
Annual Return |
|
27/01/2007 |
Financial Statement / Set of Accounts |
|
It should be noted that there is no legal requirement to file
satisfaction details of mortgages/charges at Companies House. |
Known Directors
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DIRECTOR |
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Occupation |
PRESIDENT |
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Address |
ELM LODGE 10, STATION ROAD WRAYSBURY , STAINES
, MIDDX , TW19 5NE |
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Country of Origin |
BRITISH |
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|
Date of Birth |
07/11/1964 |
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|
Appointment Date |
22/01/2002 |
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Other Appointments |
NBC APPAREL , TJX EUROPE LIMITED , TJX UK
, TK MAXX LIMITED |
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|
DIRECTOR |
|
||
|
Occupation |
VICE PRESIDENT & TREASURER |
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|
Address |
14, FRANCIS STREET DOVER MASSACHUSETTS 02030 , UNITED
STATES OF , AMERICA , |
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Country of Origin |
CANADIAN |
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|
Date of Birth |
15/11/1958 |
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|
Appointment Date |
28/06/2004 |
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Other Appointments |
NBC APPAREL , TJX EUROPE LIMITED , TJX UK
, TK MAXX LIMITED |
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|
DIRECTOR |
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Occupation |
DIRECTOR & VICE PRESIDENT |
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|
Address |
23, PURITAN LANE DEDHAM , MASSACHUSETTS 02026
, USA , |
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Country of Origin |
US AMERICAN |
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Date of Birth |
02/05/1946 |
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|
Appointment Date |
06/06/2006 |
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Other Appointments |
NBC APPAREL , TJX EUROPE LIMITED , TJX UK
, TK MAXX LIMITED |
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|
DIRECTOR |
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Occupation |
DIRECTOR AND ASSISTANT TREASUR |
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|
Address |
222, GROVE STREET LEXINGTON , MASSACHUSETTS
02420 , USA , |
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Country of Origin |
US AMERICAN |
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|
Date of Birth |
05/12/1955 |
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Appointment Date |
06/06/2006 |
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Other Appointments |
NBC APPAREL , TJX EUROPE LIMITED , TJX UK
, TK MAXX LIMITED |
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SECRETARY |
COMPANY SECRETARY JAY MELTZER |
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|
Address |
129 DORSET ROAD, WABAN , MASSACHUSETTS
, MA 02168 |
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Country of Origin |
BRITISH |
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Appointment Date |
04/06/1996 |
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SECRETARY |
MS ANN MCCAULEY |
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Address |
212 WINSLOW ROAD, , NEWTON , MA 02468 |
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Country of Origin |
BRITISH |
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Date of Birth |
//1900 |
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Appointment Date |
07/06/2005 |
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SECRETARY |
MS SUSAN BEAUMONT |
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Address |
49 FLAGG ROAD, , SOUTHBORO , MA 01772 |
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Country of Origin |
BRITISH |
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Appointment Date |
07/06/2005 |
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SECRETARY |
MS LISA SCHWARTZ |
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|
Address |
19 VINCENT STREET, , WEST NEWTON , MA
02165 |
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Country of Origin |
BRITISH |
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Date of Birth |
//1900 |
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Appointment Date |
07/06/2005 |
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SECRETARY |
MS ALICIA KELLY |
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Address |
37 JACKSON ROAD, , WELLESLEY HILLS , MA
02481 |
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Country of Origin |
BRITISH |
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Date of Birth |
//1900 |
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Appointment Date |
03/06/2008 |
Recently Resigned Directors (last
3)
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|
|
|
DIRECTOR |
ARNOLD BARRON |
|
Occupation |
CHAIRMAN |
|
Address |
, FOUR SENECA ROAD , UNITED STATES OF
, AMERICA , - - |
|
Country of Origin |
AMERICAN |
|
Date of Birth |
04/11/1947 |
|
Resignation Date |
06/06/2006 |
|
DIRECTOR |
BERNARD CAMMARATA |
|
Occupation |
CD AND V P |
|
Address |
73 , CAPTAIN MILES LANE , MASSACHUSETTS 01742
, USA , - - |
|
Country of Origin |
US AMERICAN |
|
Date of Birth |
07/02/1940 |
|
Resignation Date |
21/03/2006 |
|
DIRECTOR |
EDMOND JOSEPH ENGLISH |
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Occupation |
CORPORATE EXECUTIVE |
|
Address |
10 , STONEGATE ROAD , MASSACHUSETTS , USA
, - - |
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Country of Origin |
US CITIZEN |
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Date of Birth |
25/04/1953 |
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Resignation Date |
13/09/2005 |
Share Summary
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Share Currency: |
GBP |
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Principal Shareholders: |
Type Of Share |
No. of Shares |
Value |
Voting %age |
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|
|
|
|
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TJX EUROPE LTD |
ORD |
48,888,262 |
48,888,262.00 |
100.00 |
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|
N B C Apparel |
ORD |
1 |
1.00 |
0.00 |
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Mortgages and Charges
There
are no mortgages
Public Record Information
Summary
of CCJ's/Scottish Decrees
There are 11 exact unsatisfied CCJs totalling GBP 17804 in
the last 72 months
Details
of most recent CCJ's/Scottish Decrees
|
28/07/2008, a Judgment of "GBP" 148 was made in
NORTHAMPTON court (Case No. 8QT69874 ) against T J X Companies Inc (The), T K
Maxx, 50 Clarendon Rd, Watford, Hertfordshire, WD17 1TX |
|
28/04/2008, a Judgment of "GBP" 1010 was made in
COVENTRY court (Case No. 8CV00660 ) against T K Maxx, 50 Clarendon Rd,
Watford, Hertfordshire, WD1 1TX |
|
18/01/2008, a Judgment of "GBP" 5949 was made in
MANCHESTER court (Case No. 7MA20926 ) against T K Maxx (A Firm), Gallagher
Retail Pk, Stoney Stanton Rd, Coventry, West Midlands, CV6 5QG |
|
13/10/2006, a Judgment of "GBP" 470 was made in
YORK court (Case No. 6YO03617 ) against T K Maxx (The Firm), 50 Clarendon Rd,
Watford, Hertfordshire, WD17 1TX |
|
21/06/2006, a Judgment of "GBP" 109 was made in
NORTHAMPTON court (Case No. 6QZ34347 ) against T K Maxx, Tk Maxx Head Office,
50 Clarendon Rd, Watford, Hertfordshire, WD17 1TX |
|
11/01/2006, a Judgment of "GBP" 7813 was made in
NORTHAMPTON court (Case No. 5XH86135 ) against T K Maxx (A Firm), 50
Clarendon Rd, Watford, Hertfordshire, WD17 1T |
|
13/12/2005, a Judgment of "GBP" 1242 was made in
NORTH SHIELDS court (Case No. 5NS03184 ) against T K Maxx, 50 Clarnedon Rd,
Watford, Hertfordshire, WD17 1TX |
|
05/04/2005, a Judgment of "GBP" 306 was made in
NORTHAMPTON court (Case No. 5XH81201 ) against T K Maxx (A Firm), 50
Clarendon Rd, Watford, Hertfordshire, WD17 1T |
|
05/07/2004, a Judgment of "GBP" 125 was made in
LUTON court (Case No. 4LU02570 ) against T K Maxx, 50 Clarendon Rd, Watford,
Hertfordshire, WD17 1TX |
|
10/05/2004, a Judgment of "GBP" 202 was made in
NOTTINGHAM court (Case No. 4NG05880 ) against T K Maxx Ltd, 50 Calrendon Rd,
Watford, Hertfordshire, WD1 1TX |
|
18/12/2003, a Judgment of "GBP" 430 was made in
BASILDON court (Case No. BQ305203 ) against T K Maxx, 50 Clarendon Rd,
Watford, Hertfordshire, |
|
13/10/2003, a Judgment of "GBP" 892 was
"Satisfied" in NORTHAMPTON court (Case No. XS304056 ) against T K
Maxx Store (A Firm), 1 Drury Cres Purley Way, Croydon, Surrey, CR9 1XE |
Operations
|
|
|
|
Activities |
Retailers of clothing and accessories |
|
Sic Code |
Description |
|
5242 |
Retail sale of clothing |
|
5242 |
Retail sale of clothing |
|
Staff Employed |
12719 |
|
Auditors |
PricewaterhouseCoopers LLP |
|
Auditors Notes |
No Qualification. The Auditors have expressed a clean
opinion (i.e. unqualified with no referrals) on the latest accounts. |
|
Bankers |
National Westminster Bank PLC |
|
Sort Codes |
500000 |
Financial Data
|
Profit and Loss |
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
27/01/2007 |
28/01/2006 |
29/01/2005 |
31/01/2004 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Units |
units |
000 |
units |
units |
|
Consolidated? |
No |
No |
No |
No |
|
SALES |
945,310,900 |
788,447 |
668,207,800 |
569,046,200 |
|
Cost of goods sold |
829,636,000 |
712,062 |
594,181,900 |
498,169,800 |
|
GROSS PROFIT |
115,674,900 |
76,385 |
74,025,900 |
70,876,400 |
|
General administration costs (-) |
78,220,700 |
49,808 |
59,802,500 |
50,752,100 |
|
Wages and Salaries |
145,638,800 |
123,425 |
105,715,800 |
88,292,300 |
|
Depreciation |
27,743,900 |
24,322 |
- |
16,289,000 |
|
Net Operating Profit(Loss) |
37,454,200 |
26,577 |
14,223,400 |
20,124,300 |
|
Non Trading Income |
895,500 |
519 |
352,100 |
202,600 |
|
Total Non Trading Income |
895,500 |
519 |
352,100 |
202,600 |
|
Other financial charges |
2,627,900 |
3,266 |
2,137,600 |
1,901,300 |
|
Financial Expenses |
2,627,900 |
3,310 |
2,143,500 |
1,912,700 |
|
PRE TAX PROFIT |
35,721,800 |
23,786 |
12,432,000 |
18,414,200 |
|
Other Taxation |
185,300 |
7,174 |
3,411,100 |
6,961,300 |
|
Taxation |
13,047,900 |
3,758 |
1,387,700 |
60,800 |
|
PROFIT AFTER TAX |
22,488,600 |
12,854 |
7,633,200 |
11,392,100 |
|
Net Profit |
22,488,600 |
12,854 |
7,633,200 |
11,392,100 |
|
Dividends Payable |
0 |
0 |
0 |
0 |
|
RETAINED PROFITS |
22,488,600 |
12,854 |
7,633,200 |
11,392,100 |
Balance Sheet
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
27/01/2007 |
28/01/2006 |
29/01/2005 |
31/01/2004 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Units |
units |
000 |
units |
units |
|
Consolidated? |
No |
No |
No |
No |
|
TOTAL FIXED ASSETS |
207,600,400 |
202,878 |
176,450,800 |
143,336,300 |
|
Land & buildings |
141,493,700 |
- |
- |
- |
|
Plant, machinery & equipment |
65,242,600 |
202,014 |
175,586,700 |
142,472,200 |
|
Intermediate Assets |
864,100 |
864 |
864,100 |
864,100 |
|
TOTAL CURRENT ASSETS |
138,978,700 |
141,098 |
113,876,200 |
106,464,300 |
|
Stocks |
102,615,700 |
92,406 |
89,380,500 |
89,074,400 |
|
Trade Debtors |
79,600 |
737 |
1,682,500 |
323,000 |
|
Other Receivables |
863,300 |
59 |
47,400 |
1,089,800 |
|
Prepaid expenses |
12,259,000 |
10,803 |
9,879,700 |
8,466,200 |
|
Group Loans |
6,373,100 |
8,848 |
5,511,800 |
4,390,300 |
|
Cash |
16,788,000 |
28,245 |
7,374,300 |
3,120,600 |
|
TOTAL ASSETS |
346,579,100 |
343,976 |
290,327,000 |
249,800,600 |
|
TOTAL CURRENT LIABILITIES |
166,525,200 |
157,663 |
128,132,100 |
90,314,400 |
|
Trade Creditors |
61,395,700 |
70,255 |
56,895,400 |
44,224,100 |
|
Taxes |
31,066,400 |
25,273 |
17,726,100 |
14,210,200 |
|
Other Current Liabilities |
25,164,100 |
19,336 |
16,985,900 |
7,210,900 |
|
Due From Group |
24,553,100 |
23,525 |
16,071,100 |
9,419,000 |
|
Accruals & deferred income |
24,345,900 |
19,274 |
20,453,600 |
15,250,200 |
|
WORKING CAPITAL |
-27,546,500 |
-16,565 |
-14,255,900 |
16,149,900 |
|
TOTAL LONG TERM LIABS |
51,905,800 |
86,222 |
49,622,800 |
54,547,300 |
|
Taxation |
15,541,200 |
17,405 |
14,594,200 |
- |
|
Other Long Term Liabilities |
36,364,600 |
33,817 |
16,028,600 |
22,047,300 |
|
NET ASSETS/(LIABILITIES) |
180,053,900 |
186,313 |
162,194,900 |
159,486,200 |
|
SHARE CAPITAL + RESERVES |
128,148,100 |
100,091 |
112,572,100 |
104,938,900 |
|
Issued Share Capital |
48,888,300 |
48,888 |
74,223,300 |
74,223,300 |
|
Reserves |
17,939,200 |
- |
- |
- |
|
Profit and Loss account |
61,320,600 |
51,203 |
38,348,800 |
30,715,600 |
|
SHAREHOLDERS FUNDS |
128,148,100 |
100,091 |
112,572,100 |
104,938,900 |
|
CAPITAL EMPLOYED |
180,053,900 |
186,313 |
162,194,900 |
159,486,200 |
|
TANGIBLE NET WORTH |
128,148,100 |
100,091 |
112,572,100 |
104,938,900 |
Key Credit Ratios
|
Accounts Date |
27/01/2007 |
28/01/2006 |
29/01/2005 |
31/01/2004 |
|
Current Ratio |
0.83 |
0.89 |
0.89 |
1.18 |
|
Profit Before Tax |
0.04 |
0.03 |
0.02 |
0.03 |
|
Creditors Days (D.P.O) |
27.01 |
36.01 |
34.95 |
32.40 |
|
Quick Ratio |
0.22 |
0.31 |
0.19 |
0.19 |
|
Return on Assets |
10.33 |
6.93 |
4.29 |
7.40 |
|
T.N.W/Total Assets |
0.37 |
0.29 |
0.39 |
0.42 |
|
Return on Capital |
19.84 |
12.77 |
7.66 |
11.55 |
|
Working Capital/Sales |
0.00 |
0.00 |
0.00 |
0.00 |
|
Equity Gearing |
0.02 |
0.01 |
0.02 |
0.02 |
|
Stock Turnover |
0.00 |
0.00 |
0.00 |
0.00 |
|
Solvency (%) |
170.45 |
243.66 |
157.90 |
138.04 |
Financial Summary
|
Turnover |
Turnover increased by 20% in the period. Turnover totalled
GBP 945,310,900,units for the period. |
|
Operating Profit |
Totalled GBP 37,454,200,units In the period prior a
profit of GBP 26,577,000 was achieved. |
|
Pre Tax |
The subject made a profit of GBP 35,721,800,units
compared with a profit of GBP 23,786,000 in the previous period. |
|
Working Capital |
The company's working capital deficiency increased in the
period and now stands at GBP 27,546,500,units |
|
Tangible Net Worth |
Net worth increased by 28,057,100 during the period and
now stands at GBP 128,148,100,units |
|
Fixed Assets |
The subjects fixed assets increased during the period by
GBP 4,722,300 to GBP 206,736,300,units and are now 60% of total
assets compared with 59% in the previous period |
|
Long Term Liabilities |
The company's long term liabilities reduced during the
period by 40% and are now 41% of net worth compared with 86% in the previous
period |
|
Long Term Liabilities |
Long term liabilities are now 15% of total assets compared
with 25% in the previous period |
Previous Searches on this Company
|
|
||
|
Last 3 Months |
Last 6 Months |
Last 12 Months |
|
4 |
8 |
16 |
|
|
||
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.00 |
|
UK Pound |
1 |
Rs.82.14 |
|
Euro |
1 |
Rs.65.09 |
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 |
Unfavourable & favourable factors carry similar weight in credit consideration.
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)