MIRA INFORM REPORT
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Report Date : |
21.11.2011 |
IDENTIFICATION DETAILS
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Name : |
SHOP DIRECT HOME SHOPPING LTD. |
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Registered Office : |
First Floor, Skyways House, Speke Road, Speke, Liverpool, L70 1AB |
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Country : |
United Kingdom |
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Financials (as on) : |
30.04.2010 |
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Date of Incorporation : |
11.02.2003 |
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Com. Reg. No.: |
04663281 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
Internet and Catalogue Home Shopping |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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United Kingdom |
a1 |
a1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
Shop Direct Home Shopping Ltd.
First Floor, Skyways House
Speke Road
Speke
Liverpool, L70 1AB
United Kingdom
(Registered Address)
Tel: 0870 263 1000
Synthesis
Employees: 3,749
Company Type: Private Subsidiary
Corporate Family: 93
Companies
Ultimate Parent: Lw Corporation Ltd.
Quoted Status: Non-quoted Company
Incorporation Date: 11-Feb-2003
Auditor: PricewaterhouseCoopers LLP
Financials in: USD
(Millions)
Fiscal Year End: 30-Apr-2010
Reporting Currency: British
Pound Sterling
Annual Sales: 2,103.3 1
Net Income: (84.4)
Total Assets: 782.1
Business Description
Internet and catalogue home shopping.
Industry
Industry Retail (Catalog and Mail Order)
ANZSIC 2006: 4310 - Non-Store
Retailing
NACE 2002: 5261 - Retail sale
via mail order house
NAICS 2002: 454113 -
Mail-Order Houses
UK SIC 2003: 5261 - Retail sale
via mail order house
US SIC 1987: 5961 - Catalog and
Mail-order Houses
Key Executives
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Name |
Title |
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Bernard Thorne |
IT Development Director |
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Aidan Stuart Barclay |
Director |
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Howard Myles Barclay |
Director |
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David Wallace Kershaw |
Director |
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Steve Makin |
Director |
news
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Pounds
100,000 Littlewoods.com Christmas Giveaway |
22-Dec-2010 |
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Pounds
100,000 Littlewoods.com Christmas Giveaway |
20-Dec-2010 |
|
Research
and Markets: Home Shopping Market Report 2011 - Usage of the Internet has
increased significantly |
22-Jul-2011 |
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Pounds
100,000 Liddlewoods.com Christmas Giveaway |
17-Dec-2010 |
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Pounds
100,000 Littlewoods.com. Christmas Giveaway |
16-Dec-2010 |
Financial Summary
FYE: 30-Apr-2010 USD (mil)
Key Figures
Current Assets 565.98
Fixed Assets 216.12
Total Liabilities 514.80
Net Worth 163.79
Key Ratios
Current Ratio 1.10
Acid Test 0.75
Debt Gearing 0.85
Registered No.(UK): 04663281
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6254912
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6533172
Corporate Overview
Location
First Floor, Skyways House
Speke Road
Speke
Liverpool, L70 1AB
Merseyside County
United Kingdom
Tel: 0870 263 1000
Sales GBP(mil): 1,315.6
Assets GBP(mil): 511.0
Employees: 3,749
Fiscal Year End: 30-Apr-2010
Industry: Retail
(Catalog and Mail Order)
Incorporation Date: 11-Feb-2003
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(UK): 04663281
Director: Aidan
Stuart Barclay
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
6999 - Other Professional, Scientific and Technical Services Not
Elsewhere Classified
4310 - Non-Store Retailing
NACE 2002 Codes:
7487 - Other business activities not elsewhere classified
5261 - Retail sale via mail order house
NAICS 2002 Codes:
5619 - Other Support Services
454113 - Mail-Order Houses
US SIC 1987:
7389 - Business Services, Not Elsewhere Classified
5961 - Catalog and Mail-order Houses
UK SIC 2003:
7487 - Other business activities not elsewhere classified
5261 - Retail sale via mail order house
Business
Description
Internet and catalogue home shopping.
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Corporate
Family |
Corporate
Structure News: |
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Total Corporate Family Members: 93 |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Lw Corporation Ltd. |
Parent |
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Subsidiary |
Liverpool |
United Kingdom |
Commercial Banks |
3,043.5 |
16,206 |
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Subsidiary |
Fareham |
United Kingdom |
Commercial Banks |
2,684.9 |
8,007 |
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Subsidiary |
Liverpool |
United Kingdom |
Business Services |
111.3 |
2,700 |
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Subsidiary |
Bootle |
United Kingdom |
Miscellaneous Financial Services |
|
1,200 |
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Subsidiary |
Bootle |
United Kingdom |
Consumer Financial Services |
567.9 |
1,020 |
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Subsidiary |
Bootle |
United Kingdom |
Business Services |
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Subsidiary |
Bootle |
United Kingdom |
Consumer Financial Services |
31.5 |
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Subsidiary |
Bootle |
United Kingdom |
Business Services |
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Subsidiary |
Cowdenbeath |
United Kingdom |
Business Services |
26.2 |
311 |
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Subsidiary |
Llandudno Junction |
United Kingdom |
Business Services |
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19 |
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Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Liverpool |
United Kingdom |
Business Services |
17.0 |
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Subsidiary |
Liverpool |
United Kingdom |
Construction Services |
1.7 |
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Subsidiary |
Liverpool |
United Kingdom |
Business Services |
0.2 |
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Subsidiary |
Liverpool |
United Kingdom |
Construction Services |
3.2 |
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Subsidiary |
Liverpool |
United Kingdom |
Construction Services |
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Subsidiary |
Liverpool |
United Kingdom |
Construction Services |
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Subsidiary |
Liverpool |
United Kingdom |
Business Services |
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Subsidiary |
Worcester |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Liverpool |
United Kingdom |
Business Services |
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Subsidiary |
Hull |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Aberdeen |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Manchester |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Manchester |
United Kingdom |
Business Services |
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Subsidiary |
Liverpool |
United Kingdom |
Real Estate Operations |
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Subsidiary |
Liverpool |
United Kingdom |
Trucking |
584.9 |
7,825 |
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Subsidiary |
Liverpool |
United Kingdom |
Trucking |
76.1 |
4,250 |
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Subsidiary |
Liverpool |
United Kingdom |
Business Services |
12.3 |
104 |
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Subsidiary |
Airdrie |
United Kingdom |
Commercial Banks |
0.0 |
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Subsidiary |
Liverpool |
United Kingdom |
Trucking |
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Subsidiary |
Liverpool |
United Kingdom |
Trucking |
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Subsidiary |
Airdrie |
United Kingdom |
Trucking |
13.3 |
132 |
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Subsidiary |
Liverpool |
United Kingdom |
Printing and Publishing |
105.5 |
353 |
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Subsidiary |
Coventry |
United Kingdom |
Printing and Publishing |
9.3 |
119 |
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Subsidiary |
Liverpool |
United Kingdom |
Computer Services |
5.1 |
28 |
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Subsidiary |
Liverpool , |
United Kingdom |
Commercial Banks |
0.8 |
5 |
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Subsidiary |
Liverpool |
United Kingdom |
Retail (Catalog and Mail Order) |
2,103.3 |
3,749 |
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Subsidiary |
Liverpool |
United Kingdom |
Business Services |
0.5 |
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Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Sunderland |
United Kingdom |
Retail (Specialty) |
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2,000 |
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Subsidiary |
Morecambe |
United Kingdom |
Retail (Specialty) |
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Subsidiary |
Liverpool |
United Kingdom |
Retail (Catalog and Mail Order) |
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Subsidiary |
Liverpool |
United Kingdom |
Business Services |
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Subsidiary |
Liverpool |
United Kingdom |
Business Services |
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Subsidiary |
Bolton |
United Kingdom |
Business Services |
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Subsidiary |
Liverpool |
United Kingdom |
Retail (Catalog and Mail Order) |
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Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Liverpool |
United Kingdom |
Retail (Catalog and Mail Order) |
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Subsidiary |
Liverpool |
United Kingdom |
Commercial Banks |
3.8 |
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Subsidiary |
Scunthorpe |
United Kingdom |
Miscellaneous Transportation |
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Subsidiary |
Liverpool |
United Kingdom |
Printing and Publishing |
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Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Liverpool |
United Kingdom |
Retail (Catalog and Mail Order) |
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Subsidiary |
Liverpool |
United Kingdom |
Construction Services |
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Subsidiary |
Glasgow |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Liverpool |
United Kingdom |
Business Services |
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Subsidiary |
Liverpool |
United Kingdom |
Business Services |
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Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Ashton Under Lyne |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Liverpool |
United Kingdom |
Construction Services |
2.4 |
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Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Liverpool |
United Kingdom |
Commercial Banks |
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Subsidiary |
Liverpool |
United Kingdom |
Commercial Banks |
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Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Liverpool |
United Kingdom |
Business Services |
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Subsidiary |
Liverpool |
United Kingdom |
Commercial Banks |
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Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
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Executive report
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Board
of Directors |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Executives |
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IT Development Director |
Information Executive |
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Directors and Shareholders Report
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Main Office
Address: |
Tel: 0870 263 1000 |
Annual Return Date: 11 Feb 2011 |
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Individual Directors |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
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Current |
20 Dec 1959 |
Third Floor 20 St James's Street, |
12 Mar 2008 |
NA |
Current:32 |
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Current |
07 Aug 1957 |
3Rd Floor 20 St James's Street, |
12 Mar 2008 |
NA |
Current:51 |
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Current |
25 May 1967 |
Skyways House Speke Road, Speke, |
12 Mar 2008 |
NA |
Current:7 |
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Current |
23 Sep 1969 |
Dove Barn 473A Chester Road, Woodford, |
22 Feb 2010 |
NA |
Current:11 |
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Current |
31 Jul 1956 |
First Floor Skyways House, Speke, |
22 Feb 2010 |
NA |
Current:15 |
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Current |
12 Oct 1948 |
20 St James's Street, |
12 Mar 2008 |
NA |
Current:80 |
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Current |
28 Jan 1956 |
Third Floor 20 St James's Street, |
12 Mar 2008 |
NA |
Current:51 |
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Corporate Directors |
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Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
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Littlewoods Company Director Limited |
Previous |
100 Old Hall Street, |
11 Feb 2003 |
12 Mar 2008 |
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Individual Secretaries |
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There are no individual secretaries for this company. |
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Corporate Secretaries |
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Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
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Littlewoods Secretarial Services Limited |
Current |
100 Old Hall Street, |
11 Feb 2003 |
NA |
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Individual Shareholders |
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There are no individual shareholders for this company. |
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Corporate Shareholders |
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Company Name |
Registration Number |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
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00262152 |
526000000 Ordinary GBP 1.00 |
Ordinary |
526,000,000 |
1.00 |
526,000,000.00 |
100.00 |
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press clippings
Research and Markets: Home Shopping Market Report
2011 - Usage of the Internet has increased significantly
Business Wire
22 July 2011
[What follows is the full text of the news story.]
DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/857b10/home_shopping_mark)
has announced the addition of the "Home Shopping Market Report 2011"
report to their offering.
The total UK home
shopping market was valued at an estimated 58.61bn in 2010, a 32.2% increase on
2006 figures. The home shopping market is estimated to have accounted for 20.5%
of total retail sales in 2010, after increasing its share of the market
year-on-year since 2006. This growth is principally down to the strong
performance of the e-commerce sector during the review period and, in
particular, which has helped to boost the total home shopping market over the
past 5 years. However, in contrast, the other sectors of the market general
mail order, direct marketing and direct selling have all declined in value
since 2006.
With many
consumers now having easy access to a broadband Internet connection, usage of
the Internet has increased significantly in recent years. This has boosted
sales of products via online retailers, thus driving the overall home shopping
market in turn. Non-typical users, such as those belonging to older age groups,
have also become more accustomed to utilising the Web.
The decline of the
other home shopping sectors has caused a number of retailers in these sectors
to expand into the e-commerce sector instead, for example, by launching their
own online shopping website where customers can peruse products and order items
via the Internet. Other home shopping retailers have also taken advantage of
the wide reach of the Internet by advertising online, despite continuing to
distribute via other channels. Interestingly, the catalogue sector of the
market has become increasingly integrated with the e-commerce market, and the
two distribution methods are no longer distinctly separate in some companies
now.
Annual Profit & Loss
Financials in: USD
(mil)
Except for share
items (millions) and per share items (actual units)
|
|
30-Apr-2010 |
30-Apr-2009 |
30-Apr-2008 |
30-Apr-2007 |
30-Apr-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.625491 |
0.607152 |
0.498433 |
0.523688 |
0.563559 |
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Consolidated |
No |
No |
No |
No |
No |
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Turnover (UK) |
2,103.3 |
2,278.1 |
2,686.8 |
- |
- |
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Turnover (Exports) |
0.0 |
0.0 |
0.0 |
- |
- |
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Total Turnover |
2,103.3 |
2,278.1 |
2,686.8 |
2,498.7 |
1,848.6 |
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Cost of Sales |
1,140.4 |
1,219.8 |
1,409.7 |
1,305.2 |
1,409.1 |
|
Gross Profit |
963.0 |
1,058.3 |
1,277.1 |
1,193.4 |
439.6 |
|
Depreciation |
51.3 |
50.3 |
41.6 |
46.9 |
55.6 |
|
Other Expenses |
1,026.9 |
1,131.5 |
1,355.6 |
0.0 |
500.2 |
|
Other Income |
0.0 |
0.0 |
0.1 |
6.6 |
1.9 |
|
Interest Paid |
4.4 |
9.7 |
15.6 |
16.6 |
9.2 |
|
Exceptional Income |
-14.9 |
-79.2 |
-64.8 |
-1,177.2 |
-156.9 |
|
Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Profit Before Taxes |
-83.2 |
-162.1 |
-158.7 |
6.2 |
-224.7 |
|
Tax Payable / Credit |
1.2 |
13.8 |
3.8 |
-0.2 |
-21.8 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit After Taxes |
-84.4 |
-176.0 |
-162.5 |
6.4 |
-203.0 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
0.4 |
0.4 |
0.5 |
0.6 |
0.9 |
|
Non Audit Fees |
0.2 |
0.9 |
1.2 |
0.6 |
0.6 |
|
Number of Employees |
3,749 |
3,988 |
4,456 |
4,895 |
4,066 |
|
Wages |
133.4 |
142.1 |
190.6 |
210.8 |
159.4 |
|
Social Security Costs |
14.1 |
14.5 |
19.4 |
21.5 |
16.6 |
|
Pensions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Pension Costs |
13.8 |
15.0 |
21.2 |
20.6 |
16.0 |
|
Employees Remuneration |
161.3 |
171.6 |
231.1 |
252.9 |
192.0 |
|
Directors Emoluments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Directors Remuneration |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Highest Paid Director |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
30-Apr-2010 |
30-Apr-2009 |
30-Apr-2008 |
30-Apr-2007 |
30-Apr-2006 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.653317 |
0.674855 |
0.50491 |
0.500038 |
0.550161 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Land & Buildings |
2.9 |
3.0 |
4.5 |
5.6 |
5.9 |
|
Fixtures & Fittings |
122.3 |
137.5 |
203.5 |
219.1 |
197.7 |
|
Plant & Vehicles |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Tangible Fixed Assets |
125.2 |
140.6 |
208.1 |
224.6 |
203.7 |
|
Intangible Assets |
90.9 |
94.8 |
135.8 |
146.3 |
142.0 |
|
Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Fixed Assets |
216.1 |
235.4 |
343.8 |
370.9 |
345.7 |
|
Stocks |
182.4 |
171.2 |
180.8 |
- |
130.1 |
|
Work in Progress |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Total Stocks Work In Progress |
182.4 |
171.2 |
180.8 |
174.8 |
130.1 |
|
Trade Debtors |
4.2 |
2.6 |
6.0 |
5.7 |
5.3 |
|
Inter-Company Debtors |
296.1 |
279.2 |
615.4 |
398.0 |
1,533.4 |
|
Other Debtors |
83.2 |
74.0 |
118.5 |
379.5 |
107.8 |
|
Total Debtors |
383.5 |
355.8 |
739.9 |
783.2 |
1,646.5 |
|
Cash and Equivalents |
0.1 |
0.1 |
0.2 |
0.7 |
124.5 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
566.0 |
527.1 |
920.9 |
958.7 |
1,901.0 |
|
Total Assets |
782.1 |
762.5 |
1,264.7 |
1,329.6 |
2,246.7 |
|
Trade Creditors |
239.9 |
215.2 |
278.2 |
287.7 |
264.3 |
|
Bank Overdraft |
118.8 |
92.2 |
293.9 |
181.1 |
230.3 |
|
Inter-Company Creditors |
17.7 |
45.8 |
128.5 |
29.1 |
1,111.0 |
|
Director Loans (Current Liability) |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Finance Lease (Current Liability) |
1.2 |
1.4 |
3.0 |
2.8 |
0.8 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
1.2 |
1.4 |
3.0 |
2.8 |
0.8 |
|
Total Short Term Loans |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Accruals/Deferred Income (Current Liability) |
60.6 |
81.9 |
94.5 |
114.1 |
136.0 |
|
Social Security/VAT |
24.0 |
21.4 |
35.1 |
30.7 |
20.2 |
|
Corporation Tax |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Dividends (Current Liability) |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Other Current Liabilities |
52.5 |
71.0 |
114.2 |
153.8 |
170.7 |
|
Total Current Liabilities |
514.8 |
528.8 |
947.3 |
799.2 |
1,933.2 |
|
Group Loans (Long Term Liability) |
0.0 |
0.0 |
12.7 |
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) |
1.4 |
2.2 |
4.6 |
6.9 |
2.6 |
|
Total Hire Purchase Loans (Long Term Liability) |
1.4 |
2.2 |
4.6 |
6.9 |
2.6 |
|
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 |
12.0 |
|
Total Long Term Liabilities |
1.4 |
2.2 |
17.3 |
6.9 |
14.6 |
|
Deferred Taxation |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Other Provisions |
11.2 |
10.1 |
21.5 |
79.4 |
86.0 |
|
Total Provisions |
11.2 |
10.1 |
21.5 |
79.4 |
86.0 |
|
Issued Capital |
805.1 |
675.7 |
675.4 |
681.9 |
436.2 |
|
Share Premium Accounts |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
-550.4 |
-454.3 |
-396.7 |
-237.9 |
-223.4 |
|
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 |
254.7 |
221.4 |
278.7 |
444.1 |
212.8 |
|
Net Worth |
163.8 |
126.6 |
142.9 |
297.8 |
70.8 |
Annual Cash Flows
Financials in: USD (mil)
|
|
30-Apr-2010 |
30-Apr-2009 |
30-Apr-2008 |
30-Apr-2007 |
30-Apr-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.625491 |
0.607152 |
0.498433 |
0.523688 |
0.563559 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
Annual Ratios
Financials
in: USD (mil)
|
|
30-Apr-2010 |
30-Apr-2009 |
30-Apr-2008 |
30-Apr-2007 |
30-Apr-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.653317 |
0.674855 |
0.50491 |
0.500038 |
0.550161 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
1.10 |
1.00 |
0.97 |
1.20 |
0.98 |
|
Liquidity Ratio |
0.75 |
0.67 |
0.78 |
0.98 |
0.92 |
|
Stock Turnover |
11.04 |
11.97 |
14.67 |
14.97 |
14.56 |
|
Credit Period (Days) |
0.76 |
0.45 |
0.82 |
0.80 |
1.02 |
|
Working Capital by Sales |
2.54% |
-0.08% |
-1.00% |
6.09% |
-1.70% |
|
Trade Credit by Debtors |
57.33 |
84.38 |
46.67 |
50.11 |
50.14 |
|
Return on Capital |
-29.79% |
-62.43% |
-49.35% |
1.22% |
-73.44% |
|
Return on Assets |
-10.18% |
-19.13% |
-12.39% |
0.48% |
-10.25% |
|
Profit Margin |
-3.95% |
-7.12% |
-5.91% |
0.25% |
-12.16% |
|
Return on Shareholders Funds |
-31.26% |
-65.89% |
-56.22% |
1.45% |
-108.16% |
|
Borrowing Ratio |
84.94% |
111.86% |
309.78% |
73.83% |
1,898.22% |
|
Equity Gearing |
32.57% |
29.03% |
22.03% |
33.40% |
9.47% |
|
Debt Gearing |
0.85% |
1.74% |
12.09% |
2.31% |
3.65% |
|
Interest Coverage |
-18.90 |
-16.63 |
-10.18 |
0.37 |
-24.52 |
|
Sales by Tangible Assets |
16.09 |
14.58 |
12.75 |
11.65 |
9.30 |
|
Average Remuneration per Employee |
0.0 |
0.0 |
0.1 |
0.1 |
0.0 |
|
Profit per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
-0.1 |
|
Sales per Employee |
0.5 |
0.5 |
0.6 |
0.5 |
0.5 |
|
Capital Employed per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Tangible Assets per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Total Assets per Employee |
0.2 |
0.2 |
0.3 |
0.3 |
0.6 |
|
Employee Remuneration by Sales |
7.67% |
7.53% |
8.60% |
10.12% |
10.39% |
|
Creditor Days (Cost of Sales Based) |
80.20 |
71.57 |
72.98 |
76.82 |
66.83 |
|
Creditor Days (Sales Based) |
43.48 |
38.32 |
38.29 |
40.13 |
50.94 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.35 |
|
UK Pound |
1 |
Rs.80.97 |
|
Euro |
1 |
Rs.68.26 |
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.