MIRA INFORM REPORT

 

 

Report Date :

17.05.2012

 

IDENTIFICATION DETAILS

 

Name :

ASDA STORES LIMITED

 

 

Registered Office :

Asda House South Bank, Great Wilson Street, Leeds, West Yorkshire, LS11 5AD.

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

19.02.1949

 

 

Com. Reg. No.:

00464777

 

 

Legal Form :

Private Limited

 

 

Line of Business :

The operation of food, clothing and home and leisure superstores.

 

 

No. of Employees :

172,548

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

Fairly Large

 

Status :

Good

Payment Behaviour :

No Complaints

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

ASDA STORES LIMITED

Registration Number

00464777

VAT Number

GB362012792

Address

ASDA HOUSE SOUTH BANK, GREAT WILSON STREET, LEEDS, WEST YORKSHIRE, LS11 5AD.

Telephone

0113 243 5435

Facsimile

0113 241 8666

Web Address

www.asda.co.uk

 

 

 

Official Company Data

 

 

Legal Form

Private Limited

Registration Number

00464777

VAT Number

GB362012792

Subject Status

Trading

Date of Incorporation

19/02/1949

Registered Office

ASDA HOUSE, SOUTH BANK, GREAT WILSON STREET, LEEDS, LS11 5AD.

History

25/08/1987 : Change of name from ASSOCIATED DAIRIES LIMITED.

Date of Last Annual Return to Registry

10/10/2011

Accounts

The last filed accounts at Companies House are those to 31/12/2010

Accounting Reference Date

31/12

 

 

 

Operations

 

 

Activities

The operation of food, clothing and home and leisure superstores.

Nace Code

5211

Premises

Owned,Offices,Warehouse,Shop,Factory

Staff Employed

172,548

Trading Divisions

LOFTHOUSE FOODS DIV., GEORGE CLOTHING DIV.

Trade Names

DA DALES, GEORGE CLOTHING

Product Names

ASDA, ASDA DALE, GEORGE

Import Countries

ALL OVER THE WORLD

Export Countries

No Export Activity

Bankers

NAT WEST BANK PLC

Address

LEEDS CITY OFFICE.

Sort Code

606005

Auditors

Ernst & Young LLP

Branches

MAGNA HOUSE, HUNTER BOULEVARD, MAGNA PARK, LUTTERWORTH, LE17 4XN.

 

CORBETT ST, MANCHESTER, LANCASHIRE, M11 4BD.

Subsidiaries

ASDA (NUMBER 1) LIMITED

 

ASDA (NUMBER 3) LIMITED

 

ASDA (NUMBER 4) LIMITED

 

ASDA (NUMBER 5) LIMITED

 

ASDA (NUMBER 6) LIMITED

 

ASDA SUPERMARKETS LIMITED

 

ASDADRIVE LIMITED

 

ESSENCEREALM LIMITED

 

EVER 1295 LIMITED

 

INTERNATIONAL PRODUCE LIMITED

 

LANDSTOCK INVESTMENTS LIMITED

 

MARKDOWN STORES LIMITED

 

NETTO FOODSTORES LIMITED

 

NORDICLINE LIMITED

 

 

 

 

Previous Searches

 

Search History Summary

 

Last 3 Months

Last 6 Months

Last 12 Months

58

115

222

 

Search History Details

 

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

 

Date

Description

15/05/2012

Miscellaneous

15/05/2012

Miscellaneous

15/05/2012

Miscellaneous

14/05/2012

Miscellaneous

11/05/2012

Miscellaneous

10/05/2012

Miscellaneous

09/05/2012

Miscellaneous

08/05/2012

Miscellaneous

04/05/2012

Miscellaneous

02/05/2012

Miscellaneous

26/04/2012

Miscellaneous

25/04/2012

Hotels and similar accommodation

25/04/2012

Miscellaneous

24/04/2012

Miscellaneous

24/04/2012

Miscellaneous

20/04/2012

Miscellaneous

20/04/2012

Miscellaneous

20/04/2012

Miscellaneous

20/04/2012

Miscellaneous

19/04/2012

Miscellaneous

19/04/2012

Miscellaneous

18/04/2012

Miscellaneous

17/04/2012

Miscellaneous

13/04/2012

Miscellaneous

13/04/2012

Miscellaneous

05/04/2012

Miscellaneous

04/04/2012

Miscellaneous

02/04/2012

Miscellaneous

02/04/2012

Miscellaneous

29/03/2012

Miscellaneous

29/03/2012

Miscellaneous

28/03/2012

Miscellaneous

28/03/2012

Miscellaneous

26/03/2012

Miscellaneous

26/03/2012

Miscellaneous

20/03/2012

Miscellaneous

19/03/2012

Miscellaneous

16/03/2012

Miscellaneous

12/03/2012

Miscellaneous

12/03/2012

Miscellaneous

 

 

 

Public Record Information

 

 

Summary of CCJ's/Scottish Decrees

 

Period

Last 72 Months

Last 36 Months

Last 18 Months

Amount Summary

232,722

53,069

13,197

Count Summary

86

37

13

Unsettled Amount Summary

155,467

39,675

6,375

Highest Amount Summary

51,097

8,522

2,780

 

Details of the most recent CCJ's/Scottish Decrees

 

Date

Amount

Type

Case No

Satisfied

Court

14/01/2012

730

Judgment

1IR76307

13/04/2012

BIRKENHEAD

29/09/2011

2,780

Judgment

1QZ05932

 

NORTHAMPTON CCBC

08/08/2011

1,854

Judgment

11/068172

 

ENNISKILLEN COURT OFFICE

06/07/2011

456

Judgment

1IQ64374

 

CHESTER

20/05/2011

1,065

Judgment

1BM00649

12/07/2011

BIRMINGHAM

06/05/2011

310

Judgment

1QT33056

 

NORTHAMPTON CCBC

23/03/2011

214

Judgment

1SI00125

 

ST ALBANS

28/01/2011

700

Judgment

1EA00025

 

EASTBOURNE

14/01/2011

437

Judgment

0JJ15314

07/03/2011

BASINGSTOKE

12/01/2011

2,000

Judgment

0LS07787

16/05/2011

WAKEFIELD

05/01/2011

61

Judgment

0QZ43565

 

NORTHAMPTON CCBC

19/12/2010

500

Judgment

0XZ58602

11/02/2011

NORTHAMPTON CCBC

18/11/2010

2,090

Judgment

0BA00795

18/05/2011

BATH

03/11/2010

792

Decree

SA776/10

 

FALKIRK

18/10/2010

8,522

Judgment

0BI09457

 

BIRKENHEAD

 

 

 

Summary of Mortgages, Charges and Satisfactions

 

 

 

Total Number of Mortgages/Charges Registered

9

Number Outstanding

4

Number Partially Satisfied

0

Number Satisfied

5

 

 

Date of Latest Mortgage Created

23/04/1997

Date of Latest Satisfaction

11/06/1998

 

 

 

Details of most recent Mortgages, Charges and Satisfactions

 

 

Date Fully
Satisfied

Date
Registered

Date
Created

Charge
Description

Form Type

Lender

 

30/04/1997

23/04/1997

Mortgage

395

University Of Hertfordshire Higher Education Corporation

11/06/1998

21/02/1996

07/02/1996

Legal Charge

395

United Kingdom Property Company Plc

19/12/1991

28/04/1989

24/04/1989

Legal Charge

N/A

Arrowcroft Estates Limited.

 

09/07/1986

08/07/1986

Further Charge

N/A

Sun Life Assurance Company Of Canada.

14/05/1997

07/07/1986

03/07/1986

Legal Charge

N/A

Stc Properties Limited

 

22/08/1972

15/07/1970

Legal Mortgage

N/A

Legal & General Assurance Society Ltd.

 

26/08/1971

24/08/1971

Legal Charge

N/A

Sun Life Assurance Co Of Canada

08/05/1986

 

20/11/1967

Legal Charge

N/A

 

24/12/1991

28/04/1989

24/04/1989

Legal Charge

N/A

Arrowcraft Estates Ltd

 

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

 

17/11/2011

Companies House Gazette

Notification of any change among the company's directors

20/07/2011

Companies House Gazette

Notification of any change among the company's directors

10/06/2011

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

23/03/2011

Companies House Gazette

Notification of any change among the company's directors

02/03/2011

Companies House Gazette

Notification of any change among the company's directors

14/01/2011

Companies House Gazette

Notification of any change among the company's directors

07/01/2011

Companies House Gazette

Notification of any change among the company's directors

18/10/2010

Companies House Gazette

Notification of any change among the company's directors

09/04/2010

Companies House Gazette

Notification of any change among the company's directors

14/01/2010

Companies House Gazette

Notification of any change among the company's directors

20/08/2009

Companies House Gazette

Special resolutions passed under section 95 disapplication of pre-emption rights

20/08/2009

Companies House Gazette

Resolutions which give vary

25/02/2009

Companies House Gazette

Change among directors of a company

10/09/2008

Companies House Gazette

Change among directors of a company

12/03/2008

Companies House Gazette

Change among directors of a company

21/11/2007

Companies House Gazette

Change among directors of a company

01/11/2007

Companies House Gazette

Change among directors of a company

14/09/2007

Companies House Gazette

Change among directors of a company

28/04/2007

Companies House Gazette

Change among directors of a company

10/11/2006

Companies House Gazette

Change among directors of a company

 

 

 

Company Secretary

 

 

Secretary

ELEANOR DOOHAN

Service Address

ASDA HOUSE SOUTHBANK GREAT WILSON S, LEEDS, LS11 5AD.

Country of Origin

UNITED KINGDOM

Date of Birth

06/07/1970

Appointment Date

25/01/2008

Other Directorships

ASDA GROUP LIMITED, MCLAGAN INVESTMENTS LIMITED, THE BURWOOD HOUSE GROUP LIMITED, CORINTH INVESTMENTS LIMITED, WAL-MART STORES (UK) LIMITED, WAL-MART LN (UK) LIMITED, ASDA SUPERMARKETS LIMITED, PORTH INVESTMENTS LIMITED, BROADSTREET GREAT WILSON EUROPE LIMITED, ISIS REACH BELVEDERE (GP) LIMITED, INTERNATIONAL PRODUCE LIMITED

 

 

 

Directors

 

 

Director

MR RICHARD NIGEL BENDEL

Service Address

ASDA HOUSE SOUTHBANK GREAT WILSON S, LEEDS, LS11 5AD.

Country of Origin

UNITED KINGDOM

Date of Birth

01/03/1958

Appointment Date

20/11/2006

Other Directorships

BALGLEY MANUFACTURING COMPANY LIMITED, ASDA GROUP LIMITED, CORINTH INVESTMENTS LIMITED, WAL-MART STORES (UK) LIMITED, BROADSTREET GREAT WILSON EUROPE LIMITED, ASDA FINANCIAL SERVICES LIMITED


Director


MRS JUDITH JANE MCKENNA

Service Address

ASDA HOUSE SOUTHBANK GREAT WILSON S, LEEDS, LS11 5AD.

Country of Origin

UNITED KINGDOM

Date of Birth

14/05/1966

Appointment Date

15/12/2000

Other Directorships

ASDA EMPLOYEE SHARE SCHEMES TRUSTEE LIMITED, ASDA GROUP LIMITED, MCLAGAN INVESTMENTS LIMITED, BANDSOUND LIMITED, NETTO FOODSTORES NORTH LIMITED, NETTO FOODSTORES LIMITED, CORINTH INVESTMENTS LIMITED, ASDA SOUTHBANK LIMITED, ERTECO U.K. LIMITED, NORDICLINE LIMITED, ASDA TRUSTEES (NOMINEE) LIMITED, NETTO FOODSTORES SOUTH LIMITED, ESSENCEREALM LIMITED, WAL-MART STORES (UK) LIMITED, BOX SUTTON UK LIMITED, WAL-MART LN (UK) LIMITED, EVER 1295 LIMITED, GEORGE SOURCING SERVICES UK LIMITED, ASDA SUPERMARKETS LIMITED, PORTH INVESTMENTS LIMITED, BROADSTREET GREAT WILSON EUROPE LIMITED, ASDA FINANCIAL SERVICES LIMITED, ISIS REACH BELVEDERE (GP) LIMITED, GLOBAL GEORGE LIMITED, POWER4ALL LIMITED, CHORLEY RENAISSANCE LIMITED, WM SA INVESTMENTS LIMITED


Director


ANDREW JEFFREY MOORE

Service Address

ASDA HOUSE, SOUTH BANK, GREAT WILSON STREET, LEEDS, LS11 5AD.

Country of Origin

UNITED KINGDOM

Date of Birth

20/03/1957

Appointment Date

30/03/2010

Other Directorships

ASDA GROUP LIMITED, CORINTH INVESTMENTS LIMITED, WAL-MART STORES (UK) LIMITED, BROADSTREET GREAT WILSON EUROPE LIMITED, GLOBAL GEORGE LIMITED


Director


ANDREW JAMES CLARKE

Service Address

ASDA HOUSE SOUTHBANK GREAT WILSON S, LEEDS, LS11 5AD.

Country of Origin

UNITED KINGDOM

Date of Birth

04/01/1964

Appointment Date

05/09/2005

Other Directorships

ASDA EMPLOYEE SHARE SCHEMES TRUSTEE LIMITED, ASDA GROUP LIMITED, MCLAGAN INVESTMENTS LIMITED, ASDA STORAGE LIMITED, BANDSOUND LIMITED, THE BURWOOD HOUSE GROUP LIMITED, CORINTH INVESTMENTS LIMITED, ASDA SOUTHBANK LIMITED, THE GEORGE DAVIES PARTNERSHIP LIMITED, NORDICLINE LIMITED, ESSENCEREALM LIMITED, WAL-MART STORES (UK) LIMITED, BOX SUTTON UK LIMITED, WAL-MART LN (UK) LIMITED, EVER 1295 LIMITED, GEORGE SOURCING SERVICES UK LIMITED, ASDA SUPERMARKETS LIMITED, PORTH INVESTMENTS LIMITED, BROADSTREET GREAT WILSON EUROPE LIMITED, ASDA FINANCIAL SERVICES LIMITED, ISIS REACH BELVEDERE (GP) LIMITED, MARKETING LEEDS LIMITED, CHORLEY RENAISSANCE LIMITED, WM SA INVESTMENTS LIMITED


Director


ELEANOR DOOHAN

Service Address

ASDA HOUSE SOUTH BANK, GREAT WILSON STREET, LEEDS, WEST YORKSHIRE, LS11 5AD.

Country of Origin

UNITED KINGDOM

Date of Birth

06/07/1970

Appointment Date

03/10/2011

Other Directorships

ASDA GROUP LIMITED, MCLAGAN INVESTMENTS LIMITED, THE BURWOOD HOUSE GROUP LIMITED, CORINTH INVESTMENTS LIMITED, WAL-MART STORES (UK) LIMITED, WAL-MART LN (UK) LIMITED, ASDA SUPERMARKETS LIMITED, PORTH INVESTMENTS LIMITED, BROADSTREET GREAT WILSON EUROPE LIMITED, ISIS REACH BELVEDERE (GP) LIMITED, INTERNATIONAL PRODUCE LIMITED


Director


MR CHARLES ROBERT REDFIELD

Service Address

ASDA HOUSE, SOUTH BANK, GREAT WILSON STREET, LEEDS, LS11 5AD.

Country of Origin

USA

Date of Birth

01/08/1967

Appointment Date

18/10/2010

Other Directorships

ASDA GROUP LIMITED, CORINTH INVESTMENTS LIMITED, WAL-MART STORES (UK) LIMITED, BROADSTREET GREAT WILSON EUROPE LIMITED


Director


HAYLEY TATUM

Service Address

ASDA HOUSE SOUTH BANK, GREAT WILSON STREET, LEEDS, WEST YORKSHIRE, LS11 5AD.

Country of Origin

UNITED KINGDOM

Date of Birth

17/11/1968

Appointment Date

03/10/2011

Other Directorships

ASDA GROUP LIMITED, CORINTH INVESTMENTS LIMITED, WAL-MART STORES (UK) LIMITED, BROADSTREET GREAT WILSON EUROPE LIMITED


Director


KAREN RACHAEL HUBBARD

Service Address

ASDA HOUSE SOUTH BANK, GREAT WILSON STREET, LEEDS, WEST YORKSHIRE, LS11 5AD.

Country of Origin

UNITED KINGDOM

Date of Birth

16/01/1964

Appointment Date

03/10/2011

Other Directorships

ASDA GROUP LIMITED, MCLAGAN INVESTMENTS LIMITED, THE BURWOOD HOUSE GROUP LIMITED, CORINTH INVESTMENTS LIMITED, WAL-MART STORES (UK) LIMITED, ASDA SUPERMARKETS LIMITED, PORTH INVESTMENTS LIMITED, BROADSTREET GREAT WILSON EUROPE LIMITED, ISIS REACH BELVEDERE (GP) LIMITED

 

 

 

Share Capital

 

 

Shares

Ordinary GBP 1.00

Issued Number

28,008,978

Shares

Redeemable Ordinary GBP 1.00

Issued Number

566,781,240

Principal Shareholder

566,781,240 Asda Group Ltd

 

28,008,978 Asda Group Ltd

 

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

 

Holding Company

ASDA GROUP LIMITED

Ultimate Parent

WAL-MART STORES, INC., a company incorporated in USA

 

 

 

General Information

 

 

23/04/2012 

 

The ultimate holding company is Wal-Mart Stores Inc of USA. Results for year to 31.01.2012 show: Net Sales: USD 443.85 bn; Operating Profit: USD 26.56 bn; Pretax Profit: USD 24.40 bn; Total assets: USD 193.41 bn; Stockholders Equity: USD 71.32 bn; Goodwill: USD 20.65 bn; Total Borrowing: USD 48.12 bn. 

 

 

 

Financial Data– Statutory Accounts

 

 

For annual accounts images, view the

 

Profit and Loss

 

The following figures are shown in units of 1000

 

Number of Weeks

52

52

52

52

Accounts Date

31/12/2010

31/12/2009

31/12/2008

31/12/2007

Currency

GBP

GBP

GBP

GBP

SALES

20535300

19818594

18569839

16738670

Wages and Salaries

2052900

1917709

1821983

1710856

Directors Emoluments

6600

6228

7167

7358

Auditors Fees

300

312

280

281

Trading Profit

758100

827940

540152

641528

Depreciation

333900

314527

291105

275667

OPERATING PROFIT

424200

513413

249047

365861

Non Trading Income

267700

317461

345885

29479

Interest Payable

200100

259763

97756

53663

PRE TAX PROFIT

491800

571111

497176

341677

Taxation

163000

125681

58978

36418

PROFIT AFTER TAX

328800

445430

438198

305259

Dividends Payable

 

 

300000

 

RETAINED PROFITS

328800

445430

138198

305259

 

Balance Sheet

 

The following figures are shown in units of 1000

 

Number of Weeks

52

52

52

52

Accounts Date

31/12/2010

31/12/2009

31/12/2008

31/12/2007

Currency

GBP

GBP

GBP

GBP

TOTAL FIXED ASSETS

4431200

4346827

4892205

4777270

Tangible Assets

4407400

4320166

4862680

4744880

Fixed Assets

4407200

4319966

4362580

4244780

Intermediate assets

200

200

500100

500100

Intangible Assets

23800

26661

29525

32390

TOTAL CURRENT ASSETS

3739200

5202687

2652441

2493552

Trade debtors

136500

143161

121146

115805

Stocks

992100

911010

918760

803705

Other Current Assets

2610600

4148516

1612535

1574042

Misc Current Assets

175300

203825

235960

249616

Due From Group

2224300

3723689

1376575

1324426

Cash

211000

221002

 

 

TOTAL ASSETS

8170400

9549514

7544646

7270822

TOTAL CURRENT LIABILITIES

3432600

5115842

4492335

4395696

Trade creditors

2039700

1915328

1743245

1527306

Short Term Loans

628700

2480411

2039326

2180681

Bank Overdraft

 

 

46167

8242

Due To Group

628700

2480411

1993159

2172439

Other Liabilities

764200

720103

709764

687709

WORKING CAPITAL

306600

86845

(1839894)

(1902144)

TOTAL LONG TERM LIABS

482700

416952

292723

235376

Other Liabilities

482700

416952

292723

235376

NET ASSETS/(LIABILITIES)

4255100

4016720

2759588

2639750

SHARE CAPITAL + RESERVES

4255100

4016720

2759588

2639750

Share Cap + Sundry Res

1545100

1545125

585125

585125

Issued Share Capital

594800

594790

584865

584865

Sundry Reserves

950300

950335

260

260

Revaluation Reserves

111500

111483

111483

111483

Profit and Loss account

2598500

2360112

2062980

1943142

SHAREHOLDERS FUNDS

4255100

4016720

2759588

2639750

CAPITAL EMPLOYED

4737800

4433672

3052311

2875126

 

Financial Comparison

 

The following figures are shown in units of 1000

 

Number of Weeks

52

52

52

52

Accounts Date

31/12/2010

31/12/2009

31/12/2008

31/12/2007

Currency

GBP

GBP

GBP

GBP

Directors Remuneration

6600

6228

7167

7358

Auditors Remuneration

300

312

280

281

Liquid Assets

347500

364163

121146

115805

Net Working Capital

306600

86845

(1839894)

(1902144)

Other Deferred Liabs

482700

416952

292723

235376

Tangible Net Worth(T.N.W)

4231300

3990059

2730063

2607360

Equity

4255100

4016720

2759588

2639750

Number of Years Trading

61

60

59

58

Number of Employees

172548

168666

162105

158760

Profit per Employee

2850.2

3386

3067

2152.2

Sales per Employee

119012.1

117502

114554.4

105433.8

 

Key Credit Ratios

 

The following figures are shown as Ratios or Percentages

 

Accounts Date

31/12/2010

31/12/2009

31/12/2008

31/12/2007

Current Ratio

1.1

1

0.6

0.6

Pre Tax Profit Margin%

2.4

2.9

2.7

2

Debtors Days (D.S.O)

2

3

2

3

Creditors Days (D.P.O)

36

35

34

33

Quick Ratio

0.8

0.8

0.4

0.4

Return on Investment%

12.9

12

11.7

7.8

Return on Assets%

6

6

6.6

4.7

T.N.W/Total Assets%

51.8

41.8

36.2

35.9

Return on Capital%

10.4

12.9

16.3

11.9

Rtn on Shareholders Funds%

11.6

14.2

18

12.9

Working Capital/Sales%

1.5

0.4

(9.9)

(11.4)

Borrowing Ratio%

14.9

62.2

74.7

83.6

Equity Gearing%

108.7

72.6

57.7

57

Stock Turnover

20.7

21.8

20.2

20.8

Sales/Fixed Assets

4.7

4.6

4.3

3.9

 

 

 

Key Industry Sector Trends

 

 

Year

2012

2011

2010

2009

Sample Size

71

7641

10658

10053

Pre-Tax Profit Margin

2.9

2.8

2.4

1.9

Current Ratio

2.2

1.2

1.2

1.2

Borrowing Ratio

142.3

35.4

22.8

21.7

Return on Capital

25.2

33.7

42.5

50.6

Creditors Days

21

45

50

50

 

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 31/12/2010.

 

Turnover

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

 

Operating Profit

Totalled GBP 424,200,000. In the year prior a Profit of GBP 513,413,000 was achieved.

 

Pre Tax Profit

The subject's profit decreased by 13 % over the previous year.

 

Working Capital

The company's working capital has increased by 253 % in the period.

 

Net Worth

Net worth has increased by 6 % and now stands at GBP 4,255,100,000.

 

Fixed Assets

The subject's fixed assets increased during the year by GBP 84,373,000 to GBP 4,431,200,000 and are now 54 % of total assets compared with 45 % in the previous year.

 

Long Term Liabilities

The company's long term liabilities increased during the period by 15% and are now 11 % of net worth compared with 10 % in the previous period.

 

Long Term Liabilities

Long term liabilities are now 6 % of total liabilities compared with 4 % in the previous period.

 

Long Term Liabilities

Long term liabilities are 10 % of capital employed, an increase of 1 % over the previous period.

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.29

UK Pound

1

Rs.86.61

Euro

1

Rs.68.87

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.