MIRA INFORM REPORT

 

 

Report Date :           

03.03.2012

 

IDENTIFICATION DETAILS

 

Name :

TESCO STORES LIMITED

 

 

Formerly Known As :

J. COLYER (FURNISHERS) LIMITED.

 

 

Registered Office :

Tesco House, Delamare Road, Cheshunt, Hertfordshire, En8 9sl.

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

26.02.2011

 

 

Date of Incorporation :

09.05.1953

 

 

Com. Reg. No.:

00519500

 

 

Legal Form :

Private Limited  Company

 

 

Line of Business :

Operation of retail outlets

 

 

No. of Employees :

261,313

 

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

 

Maximum Credit Limit :

GBP 1,125,000

 

 

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

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


Company Identification Details

 

Subject Reported on

TESCO STORES LIMITED

Registration Number

00519500

VAT Number

GB220430231

Address

NEW TESCO HOUSE, DELAMARE ROAD, CHESHUNT, HERTFORDSHIRE, EN8 9SL.

Telephone

01992 632222

Web Address

www.tesco.com

 

 

Creditline Recommendations

 

Monthly Credit Guide

GBP 1,125,000

 

 

 

 

Official Company Data

 

 

Legal Form

Private Limited

Registration Number

00519500

VAT Number

GB220430231

Subject Status

Trading

Date of Incorporation

09/05/1953

Registered Office

TESCO HOUSE, DELAMARE ROAD, CHESHUNT, HERTFORDSHIRE, EN8 9SL.

History

2/03/1987 : Change of name from J. COLYER (FURNISHERS) LIMITED.

Date of Last Annual Return to Registry

07/06/2011

Accounts

The last filed accounts at Companies House are those to 26/02/2011

Accounting Reference Date

28/02

 

 

 

Operations

 

 

Activities

Operation of retail outlets.

Nace Code

5211

Premises

Owned,Offices,Shop

Staff Employed

261,313

Trading Divisions

BATCHING SECTION, MERCHANDISING CENTRE

Import Countries

ALL OVER THE WORLD

Export Countries

No Export Activity

Bankers

HSBC BANK PLC

Address

CHESHUNT.

Sort Code

401713

Auditors

PricewaterhouseCoopers LLP

Branches

PO BOX 44, CIRRUS BUILDING 1A SHIRES PARK, WELWYN GARDEN CITY, HERFORDSHIRE, AL7 1ZR.

 

TESCO PRIMARY DISTRIBUTION, TRAVELLERS LANE, HATFIELD, HERTFORDSHIRE, AL10 8XF.

 

MERCHANDISING CENTRE, BESSEMER ROAD, WELWYN GARDEN CITY, HERTFORDSHIRE, AL7 1NT.

 

TESCO HOUSE, MAES-Y-COED ROAD, CARDIFF, SOUTH GLAMORGAN, CF14 4TT.

 

HARLAW ROAD, 26 FINSBURY SQUARE, INVERURIE, ABERDEENSHIRE, AB51 4SR.

 

GRADUATE RECRUITMENT PO BOX 506, MAES-Y-COED ROAD, CARDIFF, SOUTH GLAMORGAN, CF14 4TS.

 

BISHOPS PARK CENTRE, LANCASTER WAY, BISHOP'S STORTFORD, HERTFORDSHIRE, CM23 4DD.

 

WHITTON ROAD, BRACKNELL, BERKSHIRE, RG12 9TZ.

 

HIGH STREET, MONIFIETH, DUNDEE, ANGUS, DD5 4TP.

 

SKIMPOT RD, DUNSTABLE, BEDFORDSHIRE, LU5 4JU.

 

WOODFIELDS RETAIL PK, PEEL WAY, BURY, LANCASHIRE, BL9 5BY.

 

UNIT 60 ELLESMERE SHOPPING CENTR, CAMPBELL WAY, WORSLEY MANCHESTER, LANCASHIRE, M28 3BT.

 

TOWN LA, STANWELL STAINES, MIDDLESEX, TW19 7PZ.

 

86 CHURCH RD, TIPTREE COLCHESTER, ESSEX, CO5 0HB.

 

WALLINGFORD RD, NORTH MORETON DIDCOT, OXFORDSHIRE, OX11 9BZ.

 

SAVOY PDE, SOUTHBURY RD, ENFIELD, MIDDLESEX, EN1 1RT.

 

HANCOCK RD, LONDON, E3 3DA.

 

KIPLING DR, MICKLEOVER DERBY, DERBYSHIRE, DE3 9NH.

 

STIRLING ROAD SHOPPING PRECINCT, BARRY, SOUTH GLAMORGAN, CF62 8NX.

 

WEYMOUTH AV, DORCHESTER, DORSET, DT1 2RY.

Subsidiaries

BROUGHTON RETAIL PARK NOMINEE 1 LIMITED

 

BROUGHTON RETAIL PARK NOMINEE 2 LIMITED

 

BROUGHTON RETAIL PARK NOMINEE 3 LIMITED

 

BROUGHTON RETAIL PARK NOMINEE 4 LIMITED

 

EDENBANK PROPERTIES LIMITED

 

FLITWICK PHARMACIES LIMITED

 

FORTHILL PROPERTIES LIMITED

 

G.H.LANGLEY(PHARMACY)LIMITED

 

HADHAM INVESTMENTS LIMITED

 

HALESWORTH SPV LIMITED

 

HONITON WHOLESALE SUPPLIES LIMITED

 

J.E. COHEN & COMPANY LIMITED

 

JANSON PROPERTIES LIMITED

 

M. COPELAND LIMITED,

 

MOTORCAUSE LIMITED

 

NEWBANK PROPERTIES LIMITED

 

NORTH SHIELDS RETAIL PARK NO 1 LIMITED

 

NORTH SHIELDS RETAIL PARK NO 2 LIMITED

 

NORTH SHIELDS RETAIL PARK NO 3 LIMITED

 

NPL (HARDGATE) LIMITED

 

NUTRI CENTRES LIMITED

 

RED & GREEN LIMITED

 

SANDERS SUPERMARKETS LIMITED

 

SANDRIDGE DEVELOPMENTS LIMITED

 

SARCON (NO. 239) LIMITED

 

SEACROFT GREEN NOMINEE 1 LTD

 

SEACROFT GREEN NOMINEE 2 LTD

 

SHERAZ LIMITED

 

SPEN HILL RESIDENTIAL NO 2 LIMITED

 

TELEGRAPH PROPERTIES (KIRKBY) LIMITED

 

TESCO DISPENSING LIMITED

 

TESCO KIRKBY (GENERAL PARTNER) LIMITED

 

TESCO PROPERTY NOMINEES (NO.5) LIMITED

 

TESCO PROPERTY NOMINEES (NO.6) LIMITED

 

TESCO SEACROFT LTD

 

W.H. RICHARDS LIMITED

 

WALTHAM ABBEY DEVELOPMENTS LIMITED

 

WEYMOUTH AVENUE (DORCHESTER) LIMITED

 

WILMAT PROPERTIES LIMITED

 

 

 

 

Previous Searches

 

Search History Summary

 

Last 3 Months

Last 6 Months

Last 12 Months

63

116

217

 

Search History Details

 

The Search History Details shows details of the most recent 40 searches

 

Date

Description

02/03/2012

Miscellaneous

01/03/2012

Miscellaneous

29/02/2012

Miscellaneous

24/02/2012

Miscellaneous

23/02/2012

Miscellaneous

23/02/2012

Miscellaneous

20/02/2012

Miscellaneous

20/02/2012

Miscellaneous

20/02/2012

Miscellaneous

17/02/2012

Miscellaneous

15/02/2012

Miscellaneous

15/02/2012

Miscellaneous

13/02/2012

Miscellaneous

13/02/2012

Miscellaneous

10/02/2012

Miscellaneous

10/02/2012

Miscellaneous

10/02/2012

Miscellaneous

09/02/2012

Miscellaneous

09/02/2012

Miscellaneous

07/02/2012

Miscellaneous

07/02/2012

Miscellaneous

06/02/2012

Miscellaneous

03/02/2012

Miscellaneous

03/02/2012

Miscellaneous

02/02/2012

Miscellaneous

01/02/2012

Miscellaneous

01/02/2012

Miscellaneous

01/02/2012

Miscellaneous

31/01/2012

Miscellaneous

31/01/2012

Miscellaneous

30/01/2012

Miscellaneous

30/01/2012

Miscellaneous

26/01/2012

Miscellaneous

25/01/2012

Miscellaneous

24/01/2012

Miscellaneous

23/01/2012

Miscellaneous

18/01/2012

Miscellaneous

17/01/2012

Miscellaneous

17/01/2012

Miscellaneous

16/01/2012

Miscellaneous

 

 

 

Public Record Information

 

 

Summary of CCJ's/Scottish Decrees

 

Period

Last 72 Months

Last 36 Months

Last 18 Months

Amount Summary

561,190

217,383

47,290

Count Summary

81

46

20

Unsettled Amount Summary

197,371

42,774

39,971

Highest Amount Summary

137,156

49,733

27,713

 

Details of the most recent CCJ's/Scottish Decrees

 

Date

Amount

Type

Case No

Satisfied

Court

03/02/2012

872

Judgment

2XJ00369

 

NORTHAMPTON CCBC

17/01/2012

507

Judgment

1QT84912

 

NORTHAMPTON CCBC

07/10/2011

75

Judgment

1QZ10588

 

NORTHAMPTON CCBC

21/09/2011

3,307

Judgment

1ZA01958

 

BANBURY

18/08/2011

1,499

Judgment

1QT78912

 

NORTHAMPTON CCBC

22/06/2011

2,230

Judgment

1EA00522

 

EASTBOURNE

25/05/2011

1,380

Judgment

1BN01302

 

BRIGHTON

13/05/2011

384

Judgment

1XI80876

22/06/2011

NORTHAMPTON CCBC

11/01/2011

597

Judgment

0QZ40402

 

NORTHAMPTON CCBC

11/01/2011

219

Judgment

0QC24670

09/09/2011

NORTHAMPTON CCBC

05/01/2011

223

Judgment

0WF02068

 

WAKEFIELD

04/01/2011

258

Judgment

0UC59341

27/04/2011

CHELMSFORD

04/01/2011

981

Judgment

0UC59340

27/04/2011

CHELMSFORD

01/12/2010

313

Judgment

0QL77025

28/04/2011

NORTHAMPTON CCBC

09/11/2010

3,600

Judgment

0QZ21058

05/10/2011

NORTHAMPTON CCBC

 

 

 

Summary of Mortgages, Charges and Satisfactions

 

 

Total Number of Mortgages/Charges Registered

121

Number Outstanding

106

Number Partially Satisfied

0

Number Satisfied

15

 

 

Date of Latest Mortgage Created

13/02/2012

Date of Latest Satisfaction

10/08/2011

 

 

 

Details of most recent Mortgages, Charges and Satisfactions

 

 

Date Fully
Satisfied

Date
Registered

Date
Created

Charge
Description

Form Type

Lender

 

17/02/2012

13/02/2012

Standard Security Executed On 31 January 2012

MG01

Tesco Sarum (Gp) Limited As General Partner Of The Tesco Sar

 

17/02/2012

13/02/2012

Standard Security Executed On 31 January 2012

MG01

Tesco Sarum (Nominee 1) Limited As Trustee And Tesco Sarum (

 

17/02/2012

13/02/2012

Standard Security Executed On 31 January 2012

MG01

Tesco Sarum (Nominee 1) Limited As Trustee And Tesco Sarum (

 

17/02/2012

13/02/2012

Standard Security Executed On 31 January 2012

MG01

Tesco Sarum (Nominee 1) Limited As Trustee And Tesco Sarum (

 

17/02/2012

13/02/2012

Standard Security Executed On 31 January 2012

MG01

Tesco Sarum (Nominee 1) Limited As Trustee And Tesco Sarum (

 

17/02/2012

13/02/2012

Standard Security Executed On 31 January 2012

MG01

Tesco Sarum (Gp) Limited As General Partner Of The Tesco Sar

 

17/02/2012

13/02/2012

Standard Security Executed On 31 January 2012

MG01

Tesco Sarum (Gp) Limited As General Partner Of The Tesco Sar

 

17/02/2012

13/02/2012

Standard Security Executed On 31 January 2012

MG01

Tesco Sarum (Gp) Limited As General Partner Of The Tesco Sar

 

18/05/2011

16/05/2011

Standard Security

MG01

Tesco Violet (Gp) Limited, As General Partner Of The Tesco V

 

20/04/2011

15/04/2011

Standard Security

MG01

Network Rail Infrastructure Limited (Network Rail)

 

It should be noted that there is no legal requirement to file satisfaction details of mortgages/charges at Companies House.

 

 

 

Other Filings and Notices

 

 

Date

Source

Description

 

08/12/2011

Companies House Gazette

Notification of any change among the company's directors

23/11/2011

Companies House Gazette

All documents required to be delivered to the registrar under section 441 (annual accounts and reports)

14/05/2011

Companies House Gazette

Any amendment to company's articles (including every resolution or agreement required to be embodied in or annexed to copies of the company's articles issued by

18/03/2011

Companies House Gazette

Notification of any change among the company's directors

08/03/2011

Companies House Gazette

Notification of any change among the company's directors

21/08/2009

Companies House Gazette

Change among directors of a company

16/02/2009

Companies House Gazette

Change among directors of a company

29/04/2008

Companies House Gazette

Change among directors of a company

07/03/2008

Companies House Gazette

Change among directors of a company

18/04/2006

Companies House Gazette

Change among directors of a company

16/02/2006

Companies House Gazette

Alteration in memorandum or articles of association

16/02/2006

Companies House Gazette

Resolutions which give vary

11/02/2006

Companies House Gazette

Change among directors of a company

17/01/2006

Companies House Gazette

Alteration in memorandum or articles of association

17/01/2006

Companies House Gazette

Resolutions which give vary

20/07/2004

Companies House Gazette

Change among directors of a company

07/05/2004

Companies House Gazette

Change among directors of a company

10/04/2004

Companies House Gazette

Change among directors of a company

23/03/2004

Companies House Gazette

Change among directors of a company

19/02/2004

Companies House Gazette

Change among directors of a company

 

 

 

Company Secretary

 

 

Secretary

MR JONATHAN MARK LLOYD

Service Address

NEW TESCO HOUSE, DELAMARE ROAD, CHESHUNT, HERTFORDSHIRE, EN8 9SL.

Country of Origin

UNITED KINGDOM

Date of Birth

14/05/1966

Appointment Date

06/06/2005

Other Directorships

TESCO CAPITAL NO. 1 LIMITED, TESCO CAPITAL NO.2 LIMITED, DAILY WRAP PRODUCE LIMITED, KINGSWAY FRESH FOODS LIMITED, CRAZY PRICES, SARCON (NO. 239) LIMITED, LOWFOODS LIMITED, FARADAY PROPERTIES LIMITED, WM. LOW SUPERMARKETS LIMITED, NPL (HARDGATE) LIMITED, WHITECASTLE PROPERTIES LIMITED, T & S PROPERTIES LIMITED, S.BOTTOMLEY AND BROS.,LIMITED, DILLONS NEWSAGENTS LIMITED, ONE STOP COMMUNITY STORES LIMITED, TESCO HOLDINGS LIMITED, PAPER CHAIN (EAST ANGLIA) LIMITED, LAWS STORES LIMITED, CULLEN'S STORES LIMITED, STEWARTS SUPERMARKETS LIMITED, LEE (SOUTHERN) LIMITED, TESCO (LONDON) LTD., HARROW STORES (WATFORD) LIMITED, ALFRED PREEDY & SONS LIMITED, M. COPELAND LIMITED,, ADSEGA LIMITED, EUROPA FOODS LIMITED, COMAR LIMITED, VERULAM PROPERTIES LIMITED, GIBBS NEWS LIMITED, plus others.

 

 

 

Directors

 

 

Financial Director

MR ANDREW THOMAS HIGGINSON

Service Address

NEW TESCO HOUSE, DELAMARE ROAD, CHESHUNT, HERTFORDSHIRE, EN8 9SL.

Country of Origin

UNITED KINGDOM

Date of Birth

10/07/1957

Appointment Date

17/11/1997

Other Directorships

TESCO CAPITAL NO.2 LIMITED, DAILY WRAP PRODUCE LIMITED, KINGSWAY FRESH FOODS LIMITED, CRAZY PRICES, SARCON (NO. 239) LIMITED, LOWFOODS LIMITED, FARADAY PROPERTIES LIMITED, WM. LOW SUPERMARKETS LIMITED, NPL (HARDGATE) LIMITED, WHITECASTLE PROPERTIES LIMITED, T & S PROPERTIES LIMITED, DILLONS NEWSAGENTS LIMITED, ONE STOP COMMUNITY STORES LIMITED, TESCO HOLDINGS LIMITED, LAWS STORES LIMITED, STEWARTS SUPERMARKETS LIMITED, TESCO (LONDON) LTD., HARROW STORES (WATFORD) LIMITED, TESCO PLC, COMAR LIMITED, GIBBS NEWS LIMITED, ANTHONY HEAGNEY LIMITED, J.E. COHEN & COMPANY LIMITED, SANDERS SUPERMARKETS LIMITED, TESCO ESTATES LIMITED, BUGDEN LIMITED, TESCO DISPENSING LIMITED, TESCO (YORKSHIRE) LIMITED, T&S STORES LIMITED, TESCO (OVERSEAS) LIMITED, plus others.


Director


MR RICHARD WILLIAM PETER BRASHER

Service Address

TESCO HOUSE, DELAMARE ROAD, CHESHUNT, HERTFORDSHIRE, EN8 9SL.

Country of Origin

UNITED KINGDOM

Date of Birth

16/05/1961

Appointment Date

04/03/1996

Other Directorships

TESCO PINK (2LP) LIMITED, TESCO PINK (1LP) LIMITED, TESCO RED (1LP) LIMITED, TESCO FUCHSIA (1LP) LIMITED, TESCO AQUA (1LP) LIMITED, TESCO BLUE (1LP) LIMITED, TESCO FUCHSIA (2LP) LIMITED, TESCO VIOLET (1LP) LIMITED, TESCO PURPLE (2LP) LIMITED, TESCO PURPLE (1LP) LIMITED, TESCO VIOLET (2LP) LIMITED, TESCO GREY (2LP) LIMITED, TESCO GREY (1LP) LIMITED, TESCO PLC, TELEGRAPH PROPERTIES (KIRKBY) LIMITED, T&S STORES LIMITED, ONE STOP STORES LIMITED, NUTRI CENTRES LIMITED, TESCO (TANGO) LIMITED, TESCO (FOXTROT 1) LIMITED, TESCO (FOXTROT 2) LIMITED, TESCO RED (NOMINEE 2) LIMITED, TESCO BLUE (NOMINEE 1) LIMITED, TESCO BLUE (NOMINEE 2) LIMITED, TESCO BLUE (FINCO2) LIMITED, TESCO PROPERTY FINANCE 1 PLC, TESCO RED (NOMINEE 1) LIMITED, TESCO FUCHSIA (NOMINEE 2) LIMITED, TESCO FUCHSIA (FINCO1) LIMITED, TESCO PROPERTY NOMINEES (NO.5) LIMITED, plus others.


Director


TIMOTHY JOHN ROLLIT MASON

Service Address

NEW TESCO HOUSE, DELAMARE ROAD, CHESHUNT, HERTFORDSHIRE, EN8 9SL.

Country of Origin

UNITED KINGDOM

Date of Birth

23/07/1957

Appointment Date

07/06/1992

Other Directorships

TESCO CAPITAL NO. 1 LIMITED, TESCO CAPITAL NO.2 LIMITED, TESCO PLC, BEEHYTHE ESTATES LIMITED, TESCO.COM LIMITED, TESCO MOBILE COMMUNICATIONS LIMITED, TESCO MOBILE SERVICES LIMITED, TESCO (TANGO) LIMITED, TESCO (FOXTROT 1) LIMITED, TESCO (FOXTROT 2) LIMITED


Director


GORDON FRYETT

Service Address

NEW TESCO HOUSE, DELAMARE ROAD, CHESHUNT, HERTFORDSHIRE, EN11 9SL.

Country of Origin

UNITED KINGDOM

Date of Birth

23/11/1953

Appointment Date

09/05/1995

Other Directorships

TESCO HOLDINGS LIMITED, BUGDEN LIMITED


Director


MR LAURENCE PATRICK MCILWEE

Service Address

TESCO HOUSE DELAMARE ROAD, CHESHUNT, HERTFORDSHIRE, EN8 9SL.

Country of Origin

UNITED KINGDOM

Date of Birth

05/06/1962

Appointment Date

16/02/2009

Other Directorships

TESCO HOLDINGS LIMITED, TESCO PLC, TESCO ATRATO (NOMINEE HOLDCO) LIMITED, TESCO ATRATO (1LP) LIMITED, TESCO ATRATO (NOMINEE 1) LIMITED, TESCO ATRATO (NOMINEE 2) LIMITED, TESCO SERVICES LIMITED, TESCO TREASURY SERVICES PLC


Director


MS LUCY JEANNE NEVILLE-ROLFE

Service Address

NEW TESCO HOUSE, DELAMARE ROAD, CHESHUNT, HERTFORDSHIRE, EN8 9SL.

Country of Origin

UNITED KINGDOM

Date of Birth

02/01/1953

Appointment Date

15/03/2004

Other Directorships

TESCO CAPITAL NO. 1 LIMITED, TESCO CAPITAL NO.2 LIMITED, DAILY WRAP PRODUCE LIMITED, KINGSWAY FRESH FOODS LIMITED, CRAZY PRICES, SARCON (NO. 239) LIMITED, LOWFOODS LIMITED, FARADAY PROPERTIES LIMITED, WM. LOW SUPERMARKETS LIMITED, NPL (HARDGATE) LIMITED, WHITECASTLE PROPERTIES LIMITED, T & S PROPERTIES LIMITED, S.BOTTOMLEY AND BROS.,LIMITED, TESCO INTERNATIONAL INTERNET RETAILING LIMITED, DILLONS NEWSAGENTS LIMITED, ONE STOP COMMUNITY STORES LIMITED, TESCO HOLDINGS LIMITED, PAPER CHAIN (EAST ANGLIA) LIMITED, LAWS STORES LIMITED, CULLEN'S STORES LIMITED, STEWARTS SUPERMARKETS LIMITED, LEE (SOUTHERN) LIMITED, TESCO (LONDON) LTD., BRITISH RETAIL CONSORTIUM, HARROW STORES (WATFORD) LIMITED, ALFRED PREEDY & SONS LIMITED, TESCO PLC, ADSEGA LIMITED, EUROPA FOODS LIMITED, COMAR LIMITED, plus others.


Director


MR PHILIP ANDREW CLARKE

Service Address

NEW TESCO HOUSE, DELAMARE ROAD, CHESHUNT, HERTFORDSHIRE, EN8 9SL.

Country of Origin

UNITED KINGDOM

Date of Birth

08/03/1960

Appointment Date

17/07/1995

Other Directorships

TESCO CAPITAL NO.2 LIMITED, TESCO HOLDINGS LIMITED, TESCO PLC

 

 

 

Share Capital

 

 

Shares

Ordinary GBP 1.00

Issued Number

1,320,006,000

Shares

Preference A GBP 1.00

Issued Number

259,000,000

Shares

Preference B GBP 1.00

Issued Number

5,000,000

Principal Shareholder

1,320,006,000 Tesco Holdings Ltd

 

259,000,000 Tesco Holdings Ltd

 

5,000,000 Tesco Holdings Ltd

 

The above reflects the principle shareholder(s) by number of shares held, irrespective of share classification type.

 

Ultimate Parent

TESCO PLC

 

 

 

General Information

 

 

10/11/2011 

 

Latest published results are for year ending 28/02/2011 : 

 

Group sales including VAT, increased by 8.1% to £67.6 billion. At constant exchange rates, sales increased by 6.6% (including petrol) and 6.0% (excluding petrol). 

 

Underlying profit before tax rose to £3,813 million, an increase of 12.3%. Before property, underlying profit before tax grew by 12.2%. On a statutory basis, Group operating profit rose by 10.2% to £3,811 million. 

 

 

 

Financial Data– Statutory Accounts

 

 

 

 

Profit and Loss

 

The following figures are shown in units of 1000

 

Number of Weeks

52

52

53

52

Accounts Date

26/02/2011

27/02/2010

28/02/2009

23/02/2008

Currency

GBP

GBP

GBP

GBP

SALES

40149000

38742000

38027000

34786000

Cost of goods sold

36232000

34895000

34336000

31211000

GROSS PROFIT

3917000

3847000

3691000

3575000

Wages and Salaries

3193000

3059000

11745

12226

Directors Emoluments

9686

9327

8719

9382

Auditors Fees

65

65

 

 

Trading Profit

2844000

2754000

2727000

2423000

Depreciation

584000

543000

541000

447000

OPERATING PROFIT

2260000

2211000

2186000

1976000

Non Trading Income

20000

336000

307000

173000

Interest Payable

37000

128000

745000

829000

PRE TAX PROFIT

2243000

2419000

1748000

1320000

Taxation

487000

574000

195000

400000

PROFIT AFTER TAX

1756000

1845000

1553000

920000

Dividends Payable

1500000

1000000

1000000

1500000

RETAINED PROFITS

256000

845000

553000

(580000)

 

 

Balance Sheet

 

The following figures are shown in units of 1000

 

Number of Weeks

52

52

53

52

Accounts Date

26/02/2011

27/02/2010

28/02/2009

23/02/2008

Currency

GBP

GBP

GBP

GBP

TOTAL FIXED ASSETS

10821000

10430000

10646000

9685000

Tangible Assets

10655000

10252000

10457000

9488000

Fixed Assets

10160000

9997000

10187000

8861000

Intermediate assets

495000

255000

270000

137000

Due From Group

 

 

 

490000

Intangible Assets

166000

178000

189000

197000

TOTAL CURRENT ASSETS

6980000

8202000

10558000

8445000

Stocks

1537000

1321000

1292000

1250000

Other Current Assets

5443000

6881000

9266000

7195000

Misc Current Assets

974000

688000

731000

712000

Due From Group

3844000

5607000

6261000

5739000

Cash

625000

586000

2274000

744000

TOTAL ASSETS

17801000

18632000

21204000

18130000

TOTAL CURRENT LIABILITIES

10002000

11192000

14809000

12397000

Trade creditors

3220000

2827000

2941000

2494000

Short Term Loans

4262000

5977000

9841000

7967000

Bank Overdraft

17000

6000

2102000

326000

Other Finance

38000

37000

38000

44000

Due To Group

4207000

5934000

7701000

7597000

Other Liabilities

2520000

2388000

2027000

1936000

WORKING CAPITAL

(3022000)

(2990000)

(4251000)

(3952000)

TOTAL LONG TERM LIABS

679000

747000

731000

808000

Long Term Loans

283000

321000

358000

394000

Other Finance

283000

321000

358000

394000

Other Liabilities

396000

426000

373000

414000

NET ASSETS/(LIABILITIES)

7120000

6693000

5664000

4925000

SHARE CAPITAL + RESERVES

7120000

6693000

5664000

4925000

Share Cap + Sundry Res

1320000

1320000

1320000

1320000

Issued Share Capital

1320000

1320000

1320000

1320000

Profit and Loss account

5800000

5373000

4344000

3605000

SHAREHOLDERS FUNDS

7120000

6693000

5664000

4925000

CAPITAL EMPLOYED

7799000

7440000

6395000

5733000

 

 

 

 

 

Financial Comparison

 

The following figures are shown in units of 1000

 

Number of Weeks

52

52

53

52

Accounts Date

26/02/2011

27/02/2010

28/02/2009

23/02/2008

Currency

GBP

GBP

GBP

GBP

Directors Remuneration

9686

9327

8719

9382

Auditors Remuneration

65

65

 

 

Liquid Assets

625000

586000

2274000

744000

Net Working Capital

(3022000)

(2990000)

(4251000)

(3952000)

Long Term Debt(>12 Months)

283000

321000

358000

394000

Other Deferred Liabs

396000

426000

373000

414000

Tangible Net Worth(T.N.W)

6954000

6515000

5475000

4728000

Equity

7120000

6693000

5664000

4925000

Number of Years Trading

58

57

56

55

Number of Employees

261313

260679

257291

253829

Profit per Employee

8583.6

9279.6

6793.9

5200.4

Sales per Employee

153643.3

148619.6

147797.6

137045

 

 

Key Credit Ratios

 

The following figures are shown as Ratios or Percentages

 

Accounts Date

26/02/2011

27/02/2010

28/02/2009

23/02/2008

Current Ratio

0.7

0.7

0.7

0.7

Long Term Debt/T.N.W

 

 

0.1

0.1

Pre Tax Profit Margin%

5.6

6.2

4.6

3.8

Gross Profit%

9.8

9.9

9.7

10.3

Creditors Days (D.P.O)

29

27

28

26

Quick Ratio

0.5

0.6

0.6

0.6

W.I.P/Inventory Days

15.5

13.8

13.7

14.6

Return on Investment%

18.9

19

15.4

15.7

Return on Assets%

12.6

13

8.2

7.3

T.N.W/Total Assets%

39.1

35

25.8

26.1

Return on Capital%

28.8

32.5

27.3

23

Rtn on Shareholders Funds%

31.5

36.1

30.9

26.8

Working Capital/Sales%

(7.5)

(7.7)

(11.2)

(11.4)

Borrowing Ratio%

65.4

96.7

186.3

176.8

Equity Gearing%

66.7

56.1

36.4

37.3

Stock Turnover

26.1

29.3

29.4

27.8

Days Purchases Outstanding

32.4

29.6

31.3

29.2

Sales/Fixed Assets

4

3.9

3.7

3.9

Debt Gearing

4.1

4.9

6.5

8.3

 

 

 

Key Industry Sector Trends

 

 

Year

2011

2010

2009

2008

Sample Size

5648

10183

9662

9260

Pre-Tax Profit Margin

2.9

2.3

1.7

2.7

Current Ratio

1.2

1.2

1.2

1.2

Borrowing Ratio

20

22.2

24.1

53.3

Return on Capital

31.4

43.7

51

66

Creditors Days

45

50

51

42

 

Above figures relate to companies in 2003 Standard Industry Classification (Nace) sector : Retail sale in non-specialised stores

 

 

 

Financial Summary

 

Auditors Qualification

The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the accounts for the period ended 26/02/2011.

 

Turnover

The subjects turnover has increased by 4 % in the year.

 

Operating Profit

Totalled GBP 2,260,000,000. In the year prior a Profit of GBP 2,211,000,000 was achieved.

 

Pre Tax Profit

The subject's profit decreased by 7 % over the previous year.

 

Working Capital

The company's working capital deficiency increased in the period and now totals GBP 3,022,000,000.

 

Net Worth

Net worth has increased by 6 % and now stands at GBP 7,120,000,000.

 

Fixed Assets

The subject's fixed assets increased during the year by GBP 391,000,000 to GBP 10,821,000,000 and are now 60 % of total assets compared with 55 % in the previous year.

 

Long Term Liabilities

The company's long term liabilities reduced during the period by 9 % and are now 10 % of net worth compared with 11 % in the previous period.

 

Long Term Liabilities

Long term liabilities are now 4 % of total liabilities compared with 4 % in the previous period.

 

Long Term Liabilities

Long term liabilities are 9 % of capital employed, a decrease of 1 % over the previous period.

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.49.35

UK Pound

1

Rs.78.68

Euro

1

Rs.65.63

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.