%20LTD%20%20-%20166871%2019-Jan-2012_files/image002.jpg){kind=small}
MIRA INFORM REPORT
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Report Date : |
19.01.2012 |
IDENTIFICATION DETAILS
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Name : |
CDS (SUPERSTORES INTERNATIONAL) LTD. |
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Registered Office : |
Tamar House Thornbury Road, Plymouth, PL6 7PP |
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Country : |
United Kingdom |
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Financials (as on) : |
30.01.2011 |
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Date of Incorporation : |
20.03.1992 |
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Com. Reg. No.: |
02699203 |
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Legal Form : |
Private Parent Company |
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Line of Business : |
Operation of retail stores and associated activities |
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No. of Employees
: |
3447 |
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 : |
Good |
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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
|
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
Cds (Superstores International) Ltd.
1 Gunners Way
Gosport, PO12 4DS
United Kingdom
Tel: 023 9252 5000
Fax: 01752 484030
Synthesis
Employees: 3,447
Company Type: Private Parent
Corporate Family: 3
Companies
Quoted Status: Non-quoted Company
Incorporation Date:
20-Mar-1992
Auditor: Deloitte LLP
Financials in: USD
(Millions)
Fiscal Year End:
30-Jan-2011
Reporting Currency: British
Pound Sterling
Annual Sales: 384.4
1
Net Income: 22.3
Total Assets: 181.4
Business Description
Operation of retail stores and associated activities.
Industry
Industry Retail (Grocery)
ANZSIC 2006: 4279 - Other
Store-Based Retailing Not Elsewhere Classified
NACE 2002: 5212 - Other
retail sale in non-specialised stores
NAICS 2002: 4451 - Grocery
Stores
UK SIC 2003: 5212 - Other
retail sale in non-specialised stores
US SIC 1987: 5399 -
Miscellaneous General Merchandise Stores
Key Executives
|
Name |
Title |
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Mike Cotter |
Finance Manager |
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Trevor Rebello |
Marketing Manager |
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Sarah Jane Dawson |
Secretary |
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Richard Jones |
Information Technology Manager |
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David Garland |
Head of HR |
news
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Title |
Date |
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Uncertainty creates chances to capitalise |
20-Oct-2011 |
|
List reveals significant trends in our
business |
7-Jul-2011 |
Financial Summary
FYE: 30-Jan-2011 USD (mil)
Key Figures
Current Assets 94.74
Fixed Assets 86.66
Total Liabilities 64.81
Net Worth 89.98
Key Ratios
Current Ratio 1.46
Acid Test 0.45
Debt Gearing 4.73
Registered No.(UK): 02699203
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6487859
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6311538
Corporate Overview
Location
1 Gunners Way
Gosport, PO12 4DS
Hampshire County
United Kingdom
Tel: 023 9252 5000
Fax: 01752 484030
Sales GBP(mil): 249.4
Assets GBP(mil): 114.5
Employees: 3,447
Fiscal Year End: 30-Jan-2011
Industry: Retail (Grocery)
Registered
Address:
Tamar House Thornbury Road
Plymouth, PL6 7PP
United Kingdom
Incorporation Date: 20-Mar-1992
Company Type: Private Parent
Quoted Status: Not Quoted
Registered No.(UK): 02699203
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
4279 - Other Store-Based Retailing Not Elsewhere Classified
NACE 2002 Codes:
5212 - Other retail sale in non-specialised stores
NAICS 2002 Codes:
4451 - Grocery Stores
US SIC 1987:
5399 - Miscellaneous General Merchandise Stores
UK SIC 2003:
5212 - Other retail sale in non-specialised stores
Business Description
Operation of retail stores and associated activities.
More Business
Descriptions
Discount Centres
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Corporate
Family |
Corporate
Structure News: |
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Cds (Superstores
International) Ltd. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
Source |
|
Parent |
Gosport |
United Kingdom |
Retail (Grocery) |
384.4 |
3,447 |
EXP |
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Subsidiary |
Southampton |
United Kingdom |
Real Estate Operations |
0.3 |
20 |
EXP |
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Subsidiary |
Plymouth |
United Kingdom |
Nonclassifiable Industries |
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RM |
Executive report
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Board
of Directors |
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Secretary |
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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Secretary |
Company Secretary |
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Finance Manager |
Finance Executive |
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Head of HR |
Human Resources Executive |
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Marketing Assistant |
Marketing Executive |
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Marketing Manager |
Marketing Executive |
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Information Technology Manager |
Information Executive |
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Directors and Shareholders Report
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Main Office
Address: |
Tel: 023 9252 5000 |
Annual Return Date: 20 Mar 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 |
08 Mar 1958 |
High Winds Rix Hill, |
01 Jun 1999 |
NA |
Current:2 |
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Current |
25 Dec 1951 |
The Gardens Thorn, Wembury, |
20 Mar 1993 |
NA |
Current:13 |
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Current |
NA |
55 Fanshawe Way, |
01 Jun 1999 |
NA |
Current:19 |
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Corporate Directors |
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There are no corporate directors for this company. |
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Individual Secretaries |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
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Current |
NA |
55 Fanshawe Way, |
20 Mar 1993 |
NA |
Current:19 |
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Corporate Secretaries |
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There are no corporate secretaries for this company. |
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Individual Shareholders |
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Name |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
Christopher Frederick Dawson |
51000 Ordinary GBP 1.00 |
Ordinary |
51,000 |
1.00 |
51,000.00 |
51.00 |
|
John William Smyly |
15000 Ordinary GBP 1.00 |
Ordinary |
15,000 |
1.00 |
15,000.00 |
15.00 |
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Sarah Jane Dawson |
34000 Ordinary GBP 1.00 |
Ordinary |
34,000 |
1.00 |
34,000.00 |
34.00 |
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Corporate Shareholders |
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There are no corporate shareholders for
this company. |
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Annual
Profit & Loss
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jan-2011 |
31-Jan-2010 |
01-Feb-2009 |
27-Jan-2008 |
28-Jan-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
53 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.648786 |
0.635292 |
0.558389 |
0.49969 |
0.539079 |
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Consolidated |
Yes |
Yes |
Yes |
Yes |
Yes |
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Turnover (UK) |
- |
333.2 |
312.8 |
310.4 |
249.9 |
|
Turnover (Exports) |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Turnover |
384.4 |
333.2 |
312.8 |
310.4 |
249.9 |
|
Cost of Sales |
223.8 |
190.1 |
184.6 |
182.1 |
146.4 |
|
Gross Profit |
160.6 |
143.1 |
128.2 |
128.3 |
103.6 |
|
Depreciation |
0.0 |
9.8 |
10.2 |
10.3 |
7.9 |
|
Other Expenses |
128.8 |
110.6 |
108.6 |
113.6 |
94.0 |
|
Operating Profit |
31.8 |
- |
- |
- |
- |
|
Other Income |
0.0 |
0.0 |
0.3 |
0.1 |
2.7 |
|
Interest Paid |
0.5 |
0.6 |
1.5 |
1.7 |
1.2 |
|
Exceptional Income |
0.0 |
0.0 |
-0.1 |
-0.1 |
0.0 |
|
Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Profit Before Taxes |
31.3 |
31.9 |
18.3 |
12.9 |
11.0 |
|
Tax Payable / Credit |
9.0 |
9.0 |
5.4 |
4.1 |
4.7 |
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Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
0.0 |
10.2 |
0.0 |
1.4 |
0.0 |
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Profit After Taxes |
22.3 |
12.7 |
12.8 |
7.4 |
6.4 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Audit Fees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Non Audit Fees |
0.1 |
0.0 |
0.1 |
0.1 |
0.0 |
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Number of Employees |
3,447 |
2,652 |
2,291 |
2,078 |
2,015 |
|
Wages |
53.9 |
45.7 |
44.0 |
44.9 |
40.0 |
|
Social Security Costs |
3.3 |
3.0 |
2.7 |
2.9 |
2.8 |
|
Pensions |
0.0 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Other Pension Costs |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Employees Remuneration |
57.3 |
48.7 |
46.8 |
47.8 |
42.8 |
|
Directors Emoluments |
0.3 |
0.8 |
0.6 |
0.5 |
0.7 |
|
Other Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Directors Remuneration |
0.4 |
0.8 |
0.7 |
0.6 |
0.8 |
|
Highest Paid Director |
0.1 |
0.5 |
0.4 |
0.2 |
0.5 |
Annual
Balance Sheet
Financials in: USD (mil)
|
|
30-Jan-2011 |
31-Jan-2010 |
01-Feb-2009 |
27-Jan-2008 |
28-Jan-2007 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.631154 |
0.624064 |
0.717437 |
0.504236 |
0.510334 |
|
Consolidated |
Yes |
Yes |
Yes |
Yes |
Yes |
|
|
|
|
|
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|
Land & Buildings |
7.2 |
7.0 |
6.0 |
10.0 |
2.9 |
|
Fixtures & Fittings |
79.2 |
54.6 |
43.9 |
61.0 |
57.4 |
|
Plant & Vehicles |
0.3 |
0.3 |
0.3 |
0.4 |
0.2 |
|
Total Tangible Fixed Assets |
86.7 |
61.9 |
50.2 |
71.4 |
60.5 |
|
Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Fixed Assets |
86.7 |
61.9 |
50.2 |
71.4 |
60.5 |
|
Stocks |
65.3 |
51.1 |
40.9 |
54.9 |
49.0 |
|
Work in Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
65.3 |
51.1 |
40.9 |
54.9 |
49.0 |
|
Trade Debtors |
3.7 |
3.0 |
1.8 |
1.9 |
2.1 |
|
Inter-Company Debtors |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Director Loans |
- |
0.3 |
3.4 |
0.1 |
- |
|
Other Debtors |
13.7 |
10.4 |
11.3 |
7.8 |
6.4 |
|
Total Debtors |
17.4 |
13.7 |
16.5 |
9.7 |
8.4 |
|
Cash and Equivalents |
12.1 |
14.5 |
4.8 |
6.2 |
9.3 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
94.7 |
79.3 |
62.1 |
70.8 |
66.8 |
|
Total Assets |
181.4 |
141.2 |
112.3 |
142.2 |
127.3 |
|
Trade Creditors |
21.8 |
23.4 |
18.2 |
27.7 |
27.2 |
|
Bank Overdraft |
2.2 |
3.5 |
9.9 |
13.5 |
10.8 |
|
Inter-Company Creditors |
10.6 |
- |
- |
0.0 |
0.0 |
|
Director Loans (Current Liability) |
- |
- |
- |
0.0 |
- |
|
Hire Purchase (Current Liability) |
- |
2.4 |
2.3 |
- |
1.8 |
|
Finance Lease (Current Liability) |
- |
0.0 |
0.0 |
- |
0.0 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
2.4 |
2.4 |
2.3 |
3.0 |
1.8 |
|
Accruals/Deferred Income (Current Liability) |
7.4 |
6.0 |
7.0 |
8.9 |
7.4 |
|
Social Security/VAT |
8.0 |
6.0 |
4.2 |
6.4 |
4.0 |
|
Corporation Tax |
5.3 |
4.8 |
1.7 |
1.7 |
0.6 |
|
Other Current Liabilities |
7.1 |
2.1 |
0.7 |
1.0 |
1.1 |
|
Total Current Liabilities |
64.8 |
48.2 |
44.1 |
62.1 |
52.9 |
|
Group Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Director Loans (Long Term Liability) |
2.9 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Hire Purchase (Long Term Liability) |
- |
3.0 |
4.6 |
- |
5.7 |
|
Leasing (Long Term Liability) |
- |
0.0 |
0.0 |
- |
0.0 |
|
Total Hire Purchase Loans (Long Term Liability) |
1.3 |
3.0 |
4.6 |
8.4 |
5.7 |
|
Other Long Term Loans |
0.0 |
3.4 |
3.3 |
3.3 |
9.8 |
|
Accruals/Deferred Income (Long Term Liability) |
19.7 |
15.7 |
9.7 |
10.3 |
9.4 |
|
Other Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Liabilities |
24.0 |
22.1 |
17.6 |
22.0 |
24.9 |
|
Deferred Taxation |
2.6 |
3.0 |
2.8 |
4.3 |
3.6 |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
2.6 |
3.0 |
2.8 |
4.3 |
3.6 |
|
Issued Capital |
0.2 |
0.2 |
0.1 |
0.2 |
0.2 |
|
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 |
89.8 |
67.7 |
47.7 |
53.6 |
45.8 |
|
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 |
90.0 |
67.9 |
47.8 |
53.8 |
46.0 |
|
Net Worth |
90.0 |
67.9 |
47.8 |
53.8 |
46.0 |
Annual
Cash Flows
Financials in: USD (mil)
|
|
30-Jan-2011 |
31-Jan-2010 |
01-Feb-2009 |
27-Jan-2008 |
28-Jan-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
53 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.648786 |
0.635292 |
0.558389 |
0.49969 |
0.539079 |
|
Consolidated |
Yes |
Yes |
Yes |
Yes |
Yes |
|
|
|
|
|
|
|
|
Net Cash Flow From Operating Activities |
- |
40.5 |
14.8 |
22.4 |
26.2 |
|
Net Cash Flow from ROI and Servicing of Finance |
- |
-0.6 |
-1.3 |
-1.7 |
-1.2 |
|
Taxation |
- |
-6.4 |
-5.0 |
-2.4 |
-4.1 |
|
Capital Expenditures |
- |
-14.0 |
-5.4 |
-13.6 |
-20.4 |
|
Acquisitions and Disposals |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Paid Up Equity |
- |
0.0 |
0.0 |
-1.4 |
-2.1 |
|
Management of Liquid Resources |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Cash Flow From Financing |
- |
-5.6 |
-2.6 |
-12.9 |
14.7 |
|
Increase in Cash |
- |
13.9 |
0.5 |
-9.5 |
13.1 |
Annual
Ratios
Financials in: USD (mil)
|
|
30-Jan-2011 |
31-Jan-2010 |
01-Feb-2009 |
27-Jan-2008 |
28-Jan-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
53 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.631154 |
0.624064 |
0.717437 |
0.504236 |
0.510334 |
|
Consolidated |
Yes |
Yes |
Yes |
Yes |
Yes |
|
|
|
|
|
|
|
|
Current Ratio |
1.46 |
1.64 |
1.41 |
1.14 |
1.26 |
|
Liquidity Ratio |
0.45 |
0.58 |
0.48 |
0.26 |
0.34 |
|
Stock Turnover |
6.05 |
6.64 |
5.84 |
5.61 |
5.39 |
|
Credit Period (Days) |
3.39 |
3.20 |
2.77 |
2.21 |
2.86 |
|
Working Capital by Sales |
7.57% |
9.15% |
7.57% |
2.81% |
5.26% |
|
Trade Credit by Debtors |
5.93 |
7.89 |
10.07 |
14.84 |
13.14 |
|
Return on Capital |
27.58% |
34.92% |
20.44% |
15.99% |
15.65% |
|
Return on Assets |
17.73% |
22.99% |
12.42% |
9.00% |
9.15% |
|
Profit Margin |
8.14% |
9.57% |
5.84% |
4.16% |
4.41% |
|
Return on Shareholders Funds |
35.74% |
47.83% |
29.18% |
23.79% |
25.33% |
|
Borrowing Ratio |
21.58% |
18.01% |
42.13% |
52.48% |
61.03% |
|
Equity Gearing |
49.60% |
48.07% |
42.57% |
37.85% |
36.11% |
|
Debt Gearing |
4.73% |
9.34% |
16.56% |
21.70% |
33.67% |
|
Interest Coverage |
59.00 |
53.44 |
11.87 |
7.44 |
9.06 |
|
Sales by Tangible Assets |
4.56 |
5.48 |
4.76 |
4.31 |
4.36 |
|
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 |
0.0 |
0.0 |
0.0 |
|
Tangible Assets per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Assets per Employee |
0.1 |
0.1 |
0.0 |
0.1 |
0.1 |
|
Employee Remuneration by Sales |
14.90% |
14.62% |
14.97% |
15.41% |
17.13% |
|
Creditor Days (Cost of Sales Based) |
34.52 |
44.20 |
47.24 |
55.94 |
64.23 |
|
Creditor Days (Sales Based) |
20.10 |
25.22 |
27.88 |
32.82 |
37.61 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.67 |
|
UK Pound |
1 |
Rs.77.72 |
|
Euro |
1 |
Rs.64.63 |
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.