MIRA INFORM REPORT
|
Report Date : |
16.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
DEBENHAMS RETAIL PLC |
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Registered Office : |
The Corner, 1 Newport Road, Middlesbrough, TS1 1LF |
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Country : |
United Kingdom |
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Financials (as on) : |
28.08.2010 |
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Date of Incorporation : |
28.01.1905 |
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Legal Form : |
Public Subsidiary Company |
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Line of Business : |
Subject provides womens clothing, such as skirts and long
and short sleeved tops in different sizes and colours |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
United Kingdom |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Company name & address
Debenhams Retail PLC
The Corner
1 Newport Road
Middlesbrough, TS1 1LF
United Kingdom
Tel: 01823337979
Fax: 02074083366
Web: www.debenhams.com
Synthesis
Employees: 27,195
Company Type: Public Subsidiary
Corporate Family: 49
Companies
Ultimate Parent: Debenhams
Plc
Quoted Status: Non-quoted Company
Incorporation Date: 28-Jan-1905
Auditor: PricewaterhouseCoopers LLP
Financials in: USD
(Millions)
Fiscal Year End:
28-Aug-2010
Reporting Currency: British
Pound Sterling
Annual Sales: 3,057.4 1
Net Income: 76.1
Total Assets: 2,402.3
Business Description
Debenhams Retail PLC owns and operates various retail stores in the United Kingdom. Its stores offer a range of belts, umbrellas, purses, hats, gloves and scarves. The company provides women’s clothing, such as skirts and long and short sleeved tops in different sizes and colours. Its stores offer a variety of trousers, jeans, coats and jackets for men. The company additionally provides beach, cross body, grab, occasion, scoop, shoulder and tote bags. Its stores offer a number of wedding dresses, swimsuits, beach shoes and sunglasses. In addition, the company provides nightwear and knitwear in different designs.
Industry
Industry Retail (Apparel)
ANZSIC 2006: 4251 - Clothing
Retailing
NACE 2002: 5242 - Retail sale
of clothing
NAICS 2002: 4481 - Clothing
Stores
UK SIC 2003: 5242 - Retail sale
of clothing
US SIC 1987: 5651 - Family
Clothing Stores
Key Executives
|
Name |
Title |
|
Robert William Templeman |
Chief Executive |
|
Christopher Woodhouse |
Finance Director |
|
Paul Rex Eardley |
Secretary |
|
Michael Sharp |
Chief Operating Officer |
|
Nikki Zamblera |
Human Resources Director |
news
|
Title |
Date |
|
Research
and Markets: IT in Retail 2010-11 - A Comprehensive IT Systems and Strategy
Information Report on the Leading 100 UK Retailers |
11-Jul-2011 |
|
Research
and Markets: Childrenswear Market Report 2011 - Sales slowed down
considerably during the recession |
10-Jun-2011 |
|
Next Week |
18-Mar-2011 |
|
Retail
chiefs warn of growth drought |
17-Mar-2011 |
|
Retail
chiefs warn of dire year ahead |
17-Mar-2011 |
Financial summary
FYE: 28-Aug-2010 USD (mil)
Key Figures
Current Assets 1,623.63
Fixed Assets 778.63
Total Liabilities 1,194.71
Net Worth 1,042.76
Key Ratios
Current Ratio 1.36
Acid Test 1.01
Debt Gearing 0.10
Registered No.(UK): 00083395
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6398186
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6462662
Corporate Overview
Location
The Corner
1 Newport Road
Middlesbrough, TS1 1LF
Cleveland County
United Kingdom
Tel: 01823337979
Fax: 02074083366
Web: www.debenhams.com
Sales GBP(mil): 1,956.2
Assets GBP(mil): 1,552.5
Employees: 27,195
Fiscal Year End: 28-Aug-2010
Industry: Retail
(Apparel)
Registered
Address:
1 Welbeck Street
London, W1G 0AA
United Kingdom
Incorporation Date: 28-Jan-1905
Company Type: Public
Subsidiary
Quoted Status: Not
Quoted
Registered No.(UK): 00083395
Chief Executive : Robert
William Templeman
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
6240 - Financial Asset Investing
4251 - Clothing Retailing
4279 - Other Store-Based Retailing Not Elsewhere Classified
NACE 2002 Codes:
5242 - Retail sale of clothing
7415 - Management activities of holding companies
5243 - Retail sale of footwear and leather goods
NAICS 2002 Codes:
4481 - Clothing Stores
448 - Clothing and Clothing Accessories Stores
551112 - Offices of Other Holding Companies
US SIC 1987:
59 - Miscellaneous Retail
5651 - Family Clothing Stores
671 - Holding Offices
UK SIC 2003:
7415 - Management activities of holding companies
5243 - Retail sale of footwear and leather goods
5242 - Retail sale of clothing
Business
Description
Debenhams Retail
PLC owns and operates various retail stores in the United Kingdom. Its stores
offer a range of belts, umbrellas, purses, hats, gloves and scarves. The
company provides women’s clothing, such as skirts and long and short sleeved
tops in different sizes and colours. Its stores offer a variety of trousers,
jeans, coats and jackets for men. The company additionally provides beach,
cross body, grab, occasion, scoop, shoulder and tote bags. Its stores offer a
number of wedding dresses, swimsuits, beach shoes and sunglasses. In addition,
the company provides nightwear and knitwear in different designs.
More Business
Descriptions
Debenhams Retail
PLC maintains more than 120 stores throughout the United Kingdom and Ireland,
as well as a fully transactional Web site reflecting the company’s commitment
to offering customers greater value, wider choice and excellent service.
Debenhams offers a varied combination of own-bought brands, exclusive designer
ranges and leading international brands. The company sells more than 500
international brands and is one of the United Kingdom’s top retailers of many
international brands, including Clarins and Yves Saint Laurent, Denby, Meyer,
Portmeirion and Le Creuset, Ben Sherman, Playtex and Lepel. Debenhams Retail
PLC has head offices in London. (Updated by OneSource Information Services)
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Corporate
Family |
Corporate
Structure News: |
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Debenhams Retail
PLC |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
London |
United Kingdom |
Retail (Department and Discount) |
3,544.2 |
9,019 |
|
|
Subsidiary |
Dublin |
Ireland |
Retail (Department and Discount) |
253.9 |
1,803 |
|
|
Subsidiary |
København K |
Denmark |
Retail (Department and Discount) |
412.2 |
1,200 |
|
|
Subsidiary |
Kobenhavn |
Denmark |
Construction Services |
75.0 |
|
|
|
Subsidiary |
London |
United Kingdom |
Construction Services |
0.0 |
|
|
|
Subsidiary |
London |
United Kingdom |
Construction Services |
0.0 |
|
|
|
Subsidiary |
London |
United Kingdom |
Construction Services |
17.9 |
|
|
|
Subsidiary |
London |
United Kingdom |
Construction Services |
7.6 |
|
|
|
Subsidiary |
London |
United Kingdom |
Construction Services |
3.2 |
|
|
|
Subsidiary |
London |
United Kingdom |
Construction Services |
3.1 |
|
|
|
Subsidiary |
London |
United Kingdom |
Construction Services |
2.4 |
|
|
|
Subsidiary |
London |
United Kingdom |
Construction Services |
2.1 |
|
|
|
Subsidiary |
London |
United Kingdom |
Construction Services |
2.0 |
|
|
|
Subsidiary |
London |
United Kingdom |
Construction Services |
1.0 |
|
|
|
Subsidiary |
London |
United Kingdom |
Construction Services |
0.0 |
|
|
|
Subsidiary |
London |
United Kingdom |
Construction Services |
0.0 |
|
|
|
Subsidiary |
London |
United Kingdom |
Construction Services |
0.0 |
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|
Subsidiary |
London |
United Kingdom |
Construction Services |
0.0 |
|
|
|
Subsidiary |
London |
United Kingdom |
Construction Services |
0.0 |
|
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|
Subsidiary |
London |
United Kingdom |
Construction Services |
0.0 |
|
|
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Construction Services |
3.3 |
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|
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
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|
Subsidiary |
London |
United Kingdom |
Construction Services |
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|
Subsidiary |
|
United Kingdom |
Commercial Banks |
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|
Subsidiary |
|
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
|
United Kingdom |
Commercial Banks |
|
|
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|
Subsidiary |
|
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Commercial Banks |
0.0 |
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Middlesbrough |
United Kingdom |
Retail (Apparel) |
3,057.4 |
27,195 |
|
|
Subsidiary |
Edinburgh |
United Kingdom |
Nonclassifiable Industries |
289.0 |
2,548 |
|
|
Subsidiary |
|
United Kingdom |
Investment Services |
|
|
|
|
Subsidiary |
|
United Kingdom |
Retail (Catalog and Mail Order) |
|
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|
Subsidiary |
|
United Kingdom |
Commercial Banks |
|
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|
Subsidiary |
London |
United Kingdom |
Business Services |
|
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|
Subsidiary |
|
United Kingdom |
Business Services |
|
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|
|
Subsidiary |
|
United Kingdom |
Commercial Banks |
|
|
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|
Subsidiary |
|
United Kingdom |
Investment Services |
|
|
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|
Subsidiary |
|
United Kingdom |
Nonclassifiable Industries |
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|
|
Subsidiary |
|
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
|
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
|
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Construction Services |
142.2 |
|
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|
Subsidiary |
London |
United Kingdom |
Business Services |
|
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Executive report
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Board of
Directors |
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Chairman |
Chairman |
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Non-Executive Director |
Director/Board Member |
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Non-Executive Director |
Director/Board Member |
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Non-Executive Director |
Director/Board Member |
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Senior Independent Non-Executive Director |
Director/Board Member |
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Non-Executive Director |
Director/Board Member |
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Non-Executive Director |
Director/Board Member |
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Non-Executive Director |
Director/Board Member |
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Executives |
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Chief Executive |
Chief Executive Officer |
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Retail Operations Director |
Operations Executive |
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Chief Operating Officer |
Operations Executive |
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Secretary |
Company Secretary |
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Finance Director |
Finance Executive |
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Human Resources Director |
Human Resources Executive |
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Annual Profit & Loss
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
28-Aug-2010 |
29-Aug-2009 |
30-Aug-2008 |
01-Sep-2007 |
02-Sep-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.639819 |
0.642791 |
0.502804 |
0.510913 |
0.557608 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Turnover (UK) |
3,057.4 |
2,883.1 |
3,488.2 |
3,321.3 |
3,008.7 |
|
Turnover (Exports) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Turnover |
3,057.4 |
2,883.1 |
3,488.2 |
3,321.3 |
3,008.7 |
|
Cost of Sales |
2,585.7 |
2,470.2 |
2,973.3 |
2,759.0 |
2,447.4 |
|
Gross Profit |
471.7 |
412.9 |
514.9 |
562.3 |
561.3 |
|
Depreciation |
115.0 |
124.5 |
15.9 |
158.7 |
147.4 |
|
Other Expenses |
133.5 |
125.2 |
209.0 |
168.7 |
187.9 |
|
Operating Profit |
- |
287.7 |
- |
- |
- |
|
Other Income |
21.3 |
39.0 |
231.3 |
152.5 |
248.7 |
|
Interest Paid |
0.0 |
0.0 |
88.9 |
87.9 |
81.2 |
|
Exceptional Income |
-0.5 |
0.0 |
0.0 |
0.0 |
-20.3 |
|
Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Profit Before Taxes |
359.0 |
326.7 |
448.3 |
458.2 |
520.6 |
|
Tax Payable / Credit |
95.3 |
79.7 |
122.7 |
135.2 |
103.3 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
187.6 |
186.7 |
188.9 |
344.5 |
270.4 |
|
Profit After Taxes |
76.1 |
60.4 |
136.6 |
-21.5 |
146.9 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Non Audit Fees |
0.3 |
0.2 |
0.4 |
0.2 |
2.3 |
|
Number of Employees |
27,195 |
25,941 |
25,508 |
24,664 |
24,172 |
|
Wages |
423.4 |
409.8 |
508.1 |
476.4 |
413.6 |
|
Social Security Costs |
32.2 |
31.0 |
39.4 |
37.0 |
30.5 |
|
Pensions |
0.0 |
- |
- |
- |
- |
|
Other Pension Costs |
11.3 |
10.1 |
13.9 |
20.2 |
23.1 |
|
Employees Remuneration |
466.9 |
450.8 |
561.5 |
533.6 |
467.2 |
|
Directors Emoluments |
0.0 |
- |
- |
- |
- |
|
Other Costs |
0.0 |
- |
- |
- |
- |
|
Directors Remuneration |
0.0 |
- |
- |
- |
- |
|
Highest Paid Director |
0.0 |
- |
- |
- |
- |
Annual Balance Sheet
Financials in: USD (mil)
|
|
28-Aug-2010 |
29-Aug-2009 |
30-Aug-2008 |
01-Sep-2007 |
02-Sep-2006 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.646266 |
0.613083 |
0.548261 |
0.495774 |
0.525389 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Land & Buildings |
119.8 |
152.7 |
174.6 |
- |
192.2 |
|
Fixtures & Fittings |
532.9 |
535.5 |
635.3 |
- |
627.2 |
|
Plant & Vehicles |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Total Tangible Fixed Assets |
652.7 |
688.2 |
809.8 |
869.8 |
819.4 |
|
Intangible Assets |
23.4 |
19.2 |
23.5 |
28.8 |
23.6 |
|
Investments |
102.6 |
14.4 |
16.1 |
17.8 |
16.7 |
|
Total Fixed Assets |
778.6 |
721.8 |
849.4 |
916.3 |
859.7 |
|
Total Stocks Work In Progress |
417.3 |
414.1 |
405.1 |
460.1 |
395.7 |
|
Trade Debtors |
27.2 |
34.9 |
24.1 |
52.0 |
40.2 |
|
Inter-Company Debtors |
1,046.2 |
1,229.8 |
1,559.5 |
1,786.7 |
1,822.3 |
|
Other Debtors |
50.1 |
55.1 |
62.2 |
60.1 |
67.2 |
|
Total Debtors |
1,123.5 |
1,319.9 |
1,645.8 |
1,898.9 |
1,929.6 |
|
Cash and Equivalents |
82.8 |
295.4 |
47.1 |
144.8 |
41.1 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
4.2 |
31.4 |
|
Total Current Assets |
1,623.6 |
2,029.4 |
2,097.9 |
2,508.0 |
2,397.8 |
|
Total Assets |
2,402.3 |
2,751.2 |
2,947.3 |
3,424.3 |
3,257.6 |
|
Trade Creditors |
436.7 |
431.9 |
447.2 |
494.2 |
373.2 |
|
Bank Overdraft |
- |
- |
0.0 |
2.2 |
3.2 |
|
Inter-Company Creditors |
503.2 |
797.0 |
819.1 |
1,151.9 |
1,157.4 |
|
Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Finance Lease (Current Liability) |
0.5 |
5.9 |
6.4 |
14.7 |
5.7 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.5 |
5.9 |
6.4 |
14.7 |
5.7 |
|
Accruals/Deferred Income (Current Liability) |
116.4 |
102.8 |
132.4 |
173.1 |
142.4 |
|
Social Security/VAT |
39.9 |
31.3 |
39.4 |
44.2 |
52.7 |
|
Corporation Tax |
32.6 |
40.1 |
37.0 |
48.6 |
73.5 |
|
Other Current Liabilities |
65.5 |
67.9 |
79.7 |
91.0 |
77.1 |
|
Total Current Liabilities |
1,194.7 |
1,476.8 |
1,561.3 |
2,019.9 |
1,885.3 |
|
Group Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Director Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Hire Purchase (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Leasing (Long Term Liability) |
1.1 |
70.3 |
85.9 |
101.9 |
112.7 |
|
Total Hire Purchase Loans (Long Term Liability) |
1.1 |
70.3 |
85.9 |
101.9 |
112.7 |
|
Other Long Term Loans |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accruals/Deferred Income (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Liabilities |
1.1 |
70.3 |
85.9 |
101.9 |
112.7 |
|
Deferred Taxation |
44.4 |
24.5 |
59.1 |
57.5 |
48.9 |
|
Other Provisions |
95.9 |
87.4 |
0.4 |
0.4 |
7.4 |
|
Total Provisions |
140.3 |
111.9 |
59.5 |
57.9 |
56.3 |
|
Issued Capital |
69.0 |
72.7 |
81.3 |
90.0 |
84.9 |
|
Share Premium Accounts |
56.3 |
59.4 |
66.4 |
73.4 |
69.3 |
|
Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
940.8 |
960.1 |
1,092.9 |
1,081.3 |
1,049.1 |
|
Other Reserves |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Shareholders Funds |
1,066.1 |
1,092.2 |
1,240.7 |
1,244.7 |
1,203.3 |
|
Net Worth |
1,042.8 |
1,072.9 |
1,217.1 |
1,215.9 |
1,179.7 |
Annual Cash Flows
Financials
in: USD (mil)
|
|
28-Aug-2010 |
29-Aug-2009 |
30-Aug-2008 |
01-Sep-2007 |
02-Sep-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.639819 |
0.642791 |
0.502804 |
0.510913 |
0.557608 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
Annual Ratios
Financials in: USD (mil)
|
|
28-Aug-2010 |
29-Aug-2009 |
30-Aug-2008 |
01-Sep-2007 |
02-Sep-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.646266 |
0.613083 |
0.548261 |
0.495774 |
0.525389 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
1.36 |
1.37 |
1.34 |
1.24 |
1.27 |
|
Liquidity Ratio |
1.01 |
1.09 |
1.08 |
1.01 |
1.06 |
|
Stock Turnover |
7.25 |
7.30 |
7.90 |
7.44 |
8.07 |
|
Credit Period (Days) |
3.28 |
4.21 |
2.75 |
5.55 |
4.59 |
|
Working Capital by Sales |
14.17% |
18.28% |
16.77% |
14.26% |
16.05% |
|
Trade Credit by Debtors |
16.03 |
12.37 |
18.58 |
9.50 |
9.29 |
|
Return on Capital |
29.43% |
26.88% |
29.66% |
33.62% |
40.26% |
|
Return on Assets |
14.80% |
12.45% |
13.95% |
13.79% |
16.96% |
|
Profit Margin |
11.74% |
11.33% |
12.85% |
13.80% |
17.30% |
|
Return on Shareholders Funds |
33.34% |
31.36% |
33.14% |
37.94% |
45.92% |
|
Borrowing Ratio |
48.40% |
81.38% |
74.88% |
104.51% |
108.42% |
|
Equity Gearing |
44.38% |
39.70% |
42.09% |
36.35% |
36.94% |
|
Debt Gearing |
0.10% |
6.55% |
7.06% |
8.38% |
9.55% |
|
Interest Coverage |
- |
- |
5.04 |
5.21 |
6.41 |
|
Sales by Tangible Assets |
4.64 |
4.39 |
3.95 |
3.94 |
3.90 |
|
Average Remuneration per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Sales per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Capital Employed per Employee |
0.0 |
0.0 |
0.1 |
0.1 |
0.1 |
|
Tangible Assets per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Assets per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Employee Remuneration by Sales |
15.27% |
15.64% |
16.10% |
16.06% |
15.53% |
|
Creditor Days (Cost of Sales Based) |
62.26 |
60.87 |
59.86 |
63.44 |
52.45 |
|
Creditor Days (Sales Based) |
52.65 |
52.15 |
51.03 |
52.70 |
42.66 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.56 |
|
UK Pound |
1 |
Rs.80.30 |
|
Euro |
1 |
Rs.68.79 |
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.