%20LTD%20%20%20166872%2019-Jan-2012_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
|
Report Date : |
19.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
DUNELM (SOFT
FURNISHINGS) LTD |
|
|
|
|
Registered Office : |
93 Fosse Way Syston Leicester, LE7 1NF |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
03.07.2010 |
|
|
|
|
Date of Incorporation : |
08.05.1987 |
|
|
|
|
Com. Reg. No.: |
02129238 |
|
|
|
|
Legal Form : |
Private Subsidiary |
|
|
|
|
Line of Business : |
Retail Sale of Textiles |
|
|
|
|
No. of Employees : |
6,085 |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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 30, 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 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name and address
Dunelm (Soft
Furnishings) Ltd
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Business
Description
|
Dunelm (Soft Furnishings) Ltd. is one of the leading home furnishing
retailers throughout the United Kingdom. The company owns and operates a
chain of stores throughout the country. Its stores offer a range of home
textiles, such as curtains, blinds, fabrics, rugs, kitchen furnishings, and
bed and bath linen. Its product range also includes cushions, quilts,
pillows, towels, table lamps and bulbs. The companyβs stores additionally
provide kitchen products, including kettles, toasters, water filters, flasks,
cutlery, tableware and dinnerware. In addition, its stores offer a number of
discount and promotional schemes. |
Industry
|
Industry |
Retail (Specialty) |
|
ANZSIC 2006: |
4259 - Other Personal Accessory Retailing |
|
NACE 2002: |
5241 - Retail sale of textiles |
|
NAICS 2002: |
448 - Clothing and Clothing Accessories
Stores |
|
UK SIC 2003: |
5241 - Retail sale of textiles |
|
US SIC 1987: |
5949 - Sewing, Needlework, and Piece Goods
Stores |
Key Executives
|
Financial Summary
|
||||||||||||||||||||
1 - Profit &
Loss Item Exchange Rate: USD 1 = GBP 0.6340266
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6583928
Corporate Overview
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Corporate Structure News
|
Dunelm (Soft
Furnishings) Ltd |
|
|
|
|
|
|
|
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Leicestershire |
United Kingdom |
Furniture and Fixtures |
856.2 |
6,624 |
|
|
Subsidiary |
Leicester |
United Kingdom |
Retail (Specialty) |
777.3 |
6,085 |
|
|
Subsidiary |
Leicester |
United Kingdom |
Real Estate Operations |
5.1 |
|
|
|
Subsidiary |
Birmingham |
United Kingdom |
Business Services |
0.8 |
|
|
|
Subsidiary |
Leicester |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Leicester |
United Kingdom |
Miscellaneous Financial Services |
|
|
Executives Report
|
%20LTD%20%20%20166872%2019-Jan-2012_files/image007.gif){kind=small}
|
* Branch executive, office location is different from company profile |
Directors and Shareholders Report
Annual
Return Date: 10 Dec 2011
Total Issued Capital (GBP 000): 2,000
|
Individual Directors |
|||||||
|
|
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
26 Aug 1966 |
Dunelm Store Support Centre Watermead Business Par, Syston, |
16 Dec 2010 |
NA |
Current:4 |
|
|
|
Current |
04 Mar 1972 |
Willcoxlewis The Old Coach House, Bergh Apton, |
01 May 1995 |
NA |
Current:6 |
|
|
|
Current |
22 Mar 1958 |
Dunelm Store Support Centre Watermead Business Par, Syston, |
15 Sep 2003 |
NA |
Current:11 |
|
|
|
Current |
14 Jul 1965 |
Dunelm Store Support Centre Watermead Business Par, Syston, |
02 Jul 2004 |
NA |
Current:4 |
|
|
|
Current |
02 Jul 1973 |
Dunelm Store Support Centre Watermead Business Par, Syston, |
05 Apr 2002 |
NA |
Current:1 |
|
|
|
Previous |
21 Apr 1946 |
The Spinneys, Stamford Road, Kirby Muxloe, |
14 Dec 1991 |
06 Apr 2002 |
Current:0 |
|
|
|
Previous |
27 Feb 1948 |
Ayston Hall, |
14 Dec 1991 |
06 Apr 2003 |
Current:0 |
|
|
|
Previous |
22 Apr 1972 |
1 Southall Drive, |
01 Jan 2000 |
16 Jan 2001 |
Current:1 |
|
|
|
Previous |
05 Jul 1942 |
The Anchorage Newton Lane, Austrey, |
05 Apr 2002 |
02 Jul 2004 |
Current:0 |
|
|
|
Previous |
02 Jul 1973 |
15 Nethercote, Newton Burgoland, |
15 Dec 1997 |
01 Jan 2000 |
Current:0 |
|
|
|
Previous |
26 Apr 1974 |
12 Harene Crescent, Leicester Forest East, |
15 Jun 1998 |
01 Jan 2000 |
Current:0 |
|
|
|
Previous |
21 Sep 1949 |
8 The Charters, Uffington, |
06 Apr 2003 |
24 Mar 2005 |
Current:0 |
|
|
|
Previous |
03 Jan 1954 |
12 Vandyke Close, |
13 Dec 2004 |
30 May 2007 |
Current:1 |
|
|
|
Previous |
08 Sep 1946 |
22 Saint Peters Avenue, Hathern, |
05 Apr 2002 |
01 Oct 2004 |
Current:0 |
|
|
|
Previous |
24 Mar 1951 |
1 Trefoil Way, |
05 Apr 2002 |
08 Jul 2005 |
Current:0 |
|
|
|
|
|
||||||
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
Corporate Directors |
|
|
|
There are no corporate directors for this company. |
|
|
|
Individual Secretaries |
|||||||
|
|
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
22 Mar 1958 |
Dunelm Store Support Centre Watermead Business Par, Syston, |
26 Nov 2007 |
NA |
Current:11 |
|
|
|
Previous |
09 Apr 1951 |
26 Stamford Drive, Groby, |
06 Apr 2003 |
19 Oct 2005 |
Current:0 |
|
|
|
Previous |
17 Jun 1978 |
1 Mellier Close, |
24 Oct 2005 |
26 Nov 2007 |
Current:0 |
|
|
|
Previous |
21 Apr 1946 |
The Spinneys, Stamford Road, Kirby Muxloe, |
14 Dec 1991 |
06 Apr 2002 |
Current:0 |
|
|
|
Previous |
08 Sep 1946 |
22 St Peters Avenue, Hathern, |
06 Apr 2002 |
06 Apr 2003 |
Current:0 |
|
|
|
|
|
||||||
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
Corporate Secretaries |
|
|
|
There are no corporate secretaries for this company. |
|
|
|
Individual Shareholders |
||||||
|
|
||||||
|
There are no individual shareholders for this company. |
||||||
|
|
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|
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|
Corporate Shareholders |
|||||||
|
|
|||||||
|
Company Name |
Registration Number |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
04708277 |
2000000 Ordinary GBP 1.00 |
Ordinary |
2,000,000 |
1.00 |
2,000,000.00 |
100.00 |
|
|
|
|||||||
Annual Profit & Loss
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
03-Jul-2010 |
04-Jul-2009 |
28-Jun-2008 |
28-Jun-2007 |
01-Jul-2006 |
|
Period Length |
52 Weeks |
53 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.634027 |
0.628599 |
0.499196 |
0.518124 |
0.562671 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Turnover (UK) |
777.3 |
674.2 |
784.9 |
684.6 |
560.2 |
|
Turnover (Exports) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Turnover |
777.3 |
674.2 |
784.9 |
684.6 |
560.2 |
|
Cost of Sales |
413.6 |
365.4 |
434.7 |
581.0 |
468.4 |
|
Gross Profit |
363.7 |
308.8 |
350.1 |
103.6 |
91.8 |
|
Depreciation |
13.8 |
11.8 |
13.6 |
14.2 |
14.4 |
|
Other Expenses |
243.6 |
226.1 |
251.0 |
25.3 |
19.2 |
|
Operating Profit |
- |
- |
99.1 |
- |
72.5 |
|
Other Income |
5.6 |
5.6 |
5.9 |
6.4 |
2.7 |
|
Interest Paid |
3.9 |
5.2 |
6.5 |
8.0 |
4.3 |
|
Exceptional Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Profit Before Taxes |
121.8 |
83.0 |
98.5 |
76.7 |
71.0 |
|
Tax Payable / Credit |
35.2 |
24.4 |
30.8 |
23.6 |
21.9 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
63.1 |
31.8 |
40.1 |
38.6 |
71.1 |
|
Profit After Taxes |
23.5 |
26.8 |
27.6 |
14.5 |
-22.0 |
|
Minority Interests (Profit & Loss) |
- |
- |
- |
0.0 |
0.0 |
|
Audit Fees |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Non Audit Fees |
0.1 |
0.0 |
0.1 |
- |
0.3 |
|
Number of Employees |
6,085 |
5,409 |
5,231 |
3,539 |
4,880 |
|
Wages |
- |
- |
- |
80.5 |
66.0 |
|
Social Security Costs |
6.4 |
5.3 |
6.1 |
5.0 |
3.8 |
|
Pensions |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Other Pension Costs |
95.7 |
84.5 |
93.4 |
0.5 |
0.1 |
|
Employees Remuneration |
102.2 |
89.8 |
99.6 |
86.0 |
69.8 |
|
Directors Emoluments |
- |
- |
- |
0.6 |
0.6 |
|
Other Costs |
0.6 |
0.4 |
- |
0.2 |
0.0 |
|
Directors Remuneration |
0.6 |
0.4 |
0.5 |
0.8 |
0.6 |
|
Highest Paid Director |
0.4 |
0.3 |
0.3 |
0.4 |
0.2 |
|
|
|
Annual Balance
Sheet |
|
Financials in:
USD (mil) |
|
|
03-Jul-2010 |
04-Jul-2009 |
28-Jun-2008 |
28-Jun-2007 |
01-Jul-2006 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.658393 |
0.611845 |
0.502121 |
0.499363 |
0.540672 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Land & Buildings |
66.8 |
62.0 |
68.1 |
59.6 |
50.4 |
|
Fixtures & Fittings |
19.2 |
13.9 |
14.0 |
12.5 |
18.2 |
|
Plant & Vehicles |
0.5 |
0.2 |
0.1 |
0.1 |
0.1 |
|
Total Tangible Fixed Assets |
86.5 |
76.1 |
82.1 |
72.2 |
68.6 |
|
Intangible Assets |
7.9 |
9.5 |
4.2 |
7.3 |
6.8 |
|
Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Fixed Assets |
94.4 |
85.6 |
86.3 |
79.5 |
75.4 |
|
Stocks |
95.1 |
94.6 |
120.9 |
121.5 |
104.2 |
|
Work in Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
95.1 |
94.6 |
120.9 |
121.5 |
104.2 |
|
Trade Debtors |
0.2 |
0.8 |
0.3 |
0.3 |
0.1 |
|
Inter-Company Debtors |
68.0 |
68.5 |
70.7 |
66.4 |
- |
|
Director Loans |
0.0 |
0.0 |
0.0 |
- |
- |
|
Other Debtors |
15.7 |
16.7 |
22.8 |
18.9 |
17.7 |
|
Total Debtors |
83.8 |
85.9 |
93.8 |
85.6 |
17.8 |
|
Cash and Equivalents |
23.3 |
39.3 |
5.7 |
34.8 |
5.5 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
11.1 |
|
Total Current Assets |
202.2 |
219.8 |
220.4 |
241.8 |
138.6 |
|
Total Assets |
296.7 |
305.4 |
306.7 |
321.4 |
214.0 |
|
Trade Creditors |
49.2 |
43.0 |
45.6 |
44.7 |
44.7 |
|
Bank Overdraft |
0.0 |
0.0 |
0.0 |
- |
- |
|
Inter-Company Creditors |
72.6 |
104.6 |
128.1 |
176.6 |
100.7 |
|
Director Loans (Current Liability) |
0.0 |
0.0 |
0.0 |
- |
- |
|
Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.3 |
|
Finance Lease (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.3 |
|
Total Short Term Loans |
0.0 |
0.0 |
0.0 |
- |
- |
|
Accruals/Deferred Income (Current Liability) |
51.6 |
49.3 |
49.5 |
23.8 |
20.3 |
|
Social Security/VAT |
5.4 |
7.2 |
8.7 |
13.0 |
3.5 |
|
Corporation Tax |
16.3 |
13.4 |
7.4 |
12.3 |
10.5 |
|
Other Current Liabilities |
1.4 |
6.1 |
1.7 |
0.3 |
0.2 |
|
Total Current Liabilities |
196.4 |
223.7 |
241.0 |
270.6 |
180.2 |
|
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) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Hire Purchase Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
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 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Taxation |
1.2 |
0.5 |
1.3 |
0.0 |
1.0 |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Total Provisions |
1.2 |
0.5 |
1.3 |
0.0 |
1.1 |
|
Issued Capital |
3.0 |
3.3 |
4.0 |
4.0 |
3.7 |
|
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 |
96.6 |
78.0 |
60.4 |
46.4 |
29.0 |
|
Other Reserves |
-0.6 |
0.0 |
0.0 |
0.3 |
0.0 |
|
Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Shareholders Funds |
99.1 |
81.2 |
64.4 |
50.8 |
32.7 |
|
Net Worth |
91.2 |
71.7 |
60.2 |
43.4 |
25.9 |
|
|
|
Annual Cash
Flows |
|
Financials in:
USD (mil) |
|
|
03-Jul-2010 |
04-Jul-2009 |
28-Jun-2008 |
28-Jun-2007 |
01-Jul-2006 |
|
Period Length |
52 Weeks |
53 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.634027 |
0.628599 |
0.499196 |
0.518124 |
0.562671 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
|
|
Annual Ratios |
|
Financials in:
USD (mil) |
|
|
03-Jul-2010 |
04-Jul-2009 |
28-Jun-2008 |
28-Jun-2007 |
01-Jul-2006 |
|
Period Length |
52 Weeks |
53 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.658393 |
0.611845 |
0.502121 |
0.499363 |
0.540672 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
1.03 |
0.98 |
0.91 |
0.89 |
0.77 |
|
Liquidity Ratio |
0.55 |
0.56 |
0.41 |
0.44 |
0.19 |
|
Stock Turnover |
7.87 |
7.18 |
6.45 |
5.85 |
5.59 |
|
Credit Period (Days) |
0.09 |
0.40 |
0.13 |
0.17 |
0.08 |
|
Working Capital by Sales |
0.78% |
-0.57% |
-2.64% |
-4.05% |
-7.14% |
|
Trade Credit by Debtors |
272.19 |
57.25 |
158.85 |
136.24 |
355.65 |
|
Return on Capital |
117.04% |
102.33% |
148.98% |
156.80% |
218.42% |
|
Return on Assets |
39.55% |
27.39% |
31.92% |
24.77% |
34.52% |
|
Profit Margin |
15.67% |
12.31% |
12.55% |
11.21% |
12.67% |
|
Return on Shareholders Funds |
118.42% |
102.99% |
152.06% |
156.80% |
225.84% |
|
Borrowing Ratio |
79.64% |
145.91% |
212.72% |
406.69% |
389.27% |
|
Equity Gearing |
33.39% |
26.60% |
20.99% |
15.80% |
15.29% |
|
Interest Coverage |
31.52 |
15.97 |
15.12 |
9.54 |
16.60 |
|
Sales by Tangible Assets |
8.65 |
8.93 |
9.50 |
9.84 |
8.49 |
|
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 |
0.2 |
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 |
0.0 |
0.1 |
0.1 |
0.1 |
0.0 |
|
Employee Remuneration by Sales |
13.14% |
13.32% |
12.69% |
12.56% |
12.47% |
|
Creditor Days (Cost of Sales Based) |
45.08 |
42.66 |
38.47 |
27.09 |
33.49 |
|
Creditor Days (Sales Based) |
23.99 |
23.12 |
21.31 |
22.99 |
28.01 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.66 |
|
|
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 SCs 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.