MIRA INFORM REPORT

Report Date :

12.11.2012

IDENTIFICATION DETAILS

Name :	J.D. WILLIAMS & CO. LTD.
Registered Office :	Griffin Ho 40 Lever St Manchester, M606ES
Country :	United Kingdom
Financials (as on) :	26.02.2011
Date of Incorporation :	13.12.1921
Com. Reg. No.:	00178367
Legal Form :	Private Subsidiary
Line of Business :	Stocks and sells clothing for men, women and children
No. of Employees :	3,117

RATING & COMMENTS

MIRA’s 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 :	Regular
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 – June 30^th, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
United Kingdom	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

UNITED KINGDOM - ECONOMIC OVERVIEW

The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Over the past two decades, the government has greatly reduced public ownership and contained the growth of social welfare programs. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining and the UK became a net importer of energy in 2005. Services, particularly banking, insurance, and business services, account by far for the largest proportion of GDP while industry continues to decline in importance. After emerging from recession in 1992, Britain's economy enjoyed the longest period of expansion on record during which time growth outpaced most of Western Europe. In 2008, however, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Sharply declining home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets; these include nationalizing parts of the banking system, temporarily cutting taxes, suspending public sector borrowing rules, and moving forward public spending on capital projects. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated a five-year austerity program, which aims to lower London's budget deficit from over 10% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 because of slower-than-expected economic growth and the impact of the euro-zone debt crisis. The CAMERON government raised the value added tax from 17.5% to 20% in 2011. It has pledged to reduce the corporation tax rate to 23% by 2015. The Bank of England (BoE) implemented an asset purchase program of up to £325 billion (approximately $525 billion) as of February 2011. During times of economic crisis, the BoE coordinates interest rate moves with the European Central Bank, but Britain remains outside the European Economic and Monetary Union (EMU)

Source : CIA

Company name and address

J.D. Williams & Co. Ltd.

Griffin Ho 40 Lever St
Manchester, M606ES
United Kingdom
(Registered Address)
Map
Tel:	44-1612368256
www.jdwilliams.co.uk/shop/home

Employees:	3,117
Company Type:	Private Subsidiary
Corporate Family:	68 Companies
Ultimate Parent:	N Brown Group plc
Quoted Status:	Non-quoted Company
Incorporation Date:	13-Dec-1921
Auditor:	Deloitte LLP

Fiscal Year End:	26-Feb-2011
Reporting Currency:	British Pound Sterling
Annual Sales:	1,015.6 ^1
Net Income:	98.4
Total Assets:	1,281.4

Business Description

Established in 1875, J.D. Williams & Co. Ltd. is one of the leading online shopping companies in the United Kingdom. The company stocks and sells clothing for men, women and children. It offers a range of vests, T-shirts, trousers, pants, and casual jackets and shirts. The company also provides skirts, sweaters, shawls, blazers, and embroidered blouses and tops in different designs and sizes. It additionally offers a variety of cardigans, tunics and jumpers in different colours. In addition, the company provides footwear, such as boots and shoes. The company also supplies ladders, shredders, portable drilling machines, drawers and washers.

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
UK SIC 2007:	4791 - Retail sale via mail order houses or via Internet
US SIC 1987:	5961 - Catalog and Mail-order Houses

Key Executives

Name	Title
Mike Wakefield	Deputy General Manager
John Hinchcliffe	Marketing Director
Peter John Tynan	Secretary
Neil Angus Mcgowan	IT Director
Jackie Gradwell	Health & Safety Manager

News

Title	Date
Events to commemorate Ole Miss integration Northeast Mississippi Daily Journal (Tupelo) (771 Words)	24-Sep-2012
J.D. Williams & Associates Moves to New Office Site PR Web (518 Words)	29-Aug-2012
Northeast Mississippi Daily Journal, Tupelo, Errol Castens column Northeast Mississippi Daily Journal (Tupelo) (435 Words)	16-Mar-2012
Research and Markets: Internet Plumbing and Heating Market Report - UK 2012-2016 Analysis Business Wire (526 Words)	7-Mar-2012
Celebrate the 12 Days of Science Dec 21-Jan 1 GlobeNewswire (383 Words)	6-Dec-2011

Financial Summary

FYE: 26-Feb-2011

USD (mil)

Key Figures
Current Assets	1,073.05
Fixed Assets	208.32
Total Liabilities	1,026.01
Net Worth	239.34

Key Ratios
Current Ratio	1.05
Acid Test	0.93

Registered No.(UK)

00178367

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6474351

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6222001

Corporate Overview

Location
Griffin Ho 40 Lever St
Manchester, M606ES
United Kingdom

Tel:	44-1612368256

www.jdwilliams.co.uk

Sales GBP(mil):	657.5
Assets GBP(mil):	797.3
Employees:	3,117
Fiscal Year End:	26-Feb-2011

Industry:	Retail (Catalog and Mail Order)

Registered Address:
Griffin House
40 Lever Street
Manchester, M60 6ES
United Kingdom

Incorporation Date:	13-Dec-1921
Company Type:	Private Subsidiary
Quoted Status:	Not Quoted
Registered No.(UK):	00178367

Deputy General Manager:	Mike Wakefield

Industry Codes

ANZSIC 2006 Codes:
4310	-	Non-Store Retailing

NACE 2002 Codes:
5261	-	Retail sale via mail order house

NAICS 2002 Codes:
454113	-	Mail-Order Houses

US SIC 1987:
5961	-	Catalog and Mail-order Houses

UK SIC 2003:
5261	-	Retail sale via mail order house

UK SIC 2007:
4791	-	Retail sale via mail order houses or via Internet

Business Description

Established in 1875, J.D. Williams & Co. Ltd. is one of the leading online shopping companies in the United Kingdom. The company stocks and sells clothing for men, women and children. It offers a range of vests, T-shirts, trousers, pants, and casual jackets and shirts. The company also provides skirts, sweaters, shawls, blazers, and embroidered blouses and tops in different designs and sizes. It additionally offers a variety of cardigans, tunics and jumpers in different colours. In addition, the company provides footwear, such as boots and shoes. The company also supplies ladders, shredders, portable drilling machines, drawers and washers.

More Business Descriptions

JD Williams & Company Limited, founded in 1875 by James David Williams, is the United Kingdom’s leading direct home shopping company with more than 20 successful catalogue brands. The catalogues offer a huge selection of clothing and other products for all ages and sizes, but the company specialises in the area of larger sized womens wear. In 1882, it was the first company to make use of the U.K.'s parcel post service to send its products direct to its customers. The formula of providing quality, fashionable and value in clothing directly to customers proved increasingly popular towards the latter end of the 20th century and the company’s customer base grew to more than 2 million worldwide. (Updated by OneSource Information Services)

Electronic Shopping & Mail-Order Houses

Financial Data

Financials in:	GBP(mil)
Revenue:	657.5
Net Income:	63.7
Assets:	797.3
Current Assets:	667.7
Fixed Assets:	129.6
Long Term Debt:	0.0
Total Liabilities:	638.4
Issued Capital:	115.2
Working Capital:	29.3
Net Worth:	148.9
Date of Financial Data:	26-Feb-2011

1 Year Growth

2.7%

NA

NA

Key Corporate Relationships

Auditor:	Deloitte LLP
Auditor:	Deloitte LLP

	GBP(mil)
Audit Fees:	0.2
Audit Fiscal Year:	02-26-2011

Corporate Structure News:
	N Brown Group plc J.D. Williams & Co. Ltd.
J.D. Williams & Co. Ltd. Total Corporate Family Members: 68

Company Name	Company Type	Location	Country	Industry	Sales (USD mil)	Employees
N Brown Group plc	Parent	Manchester	United Kingdom	Retail (Catalog and Mail Order)	1,203.7	3,269
N. Brown Holdings Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries		2,000
Financial Services (Edinburgh) Ltd.	Subsidiary	Edinburgh	United Kingdom	Miscellaneous Financial Services		4
Daly, Harvey, Morfitt Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries
H. B. Wainwright (Financial Services) Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries
Alexander Ross (Financial Services) Ltd.	Subsidiary	Salford	United Kingdom	Nonclassifiable Industries
D H M (Management Services) Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries
Zendor/Gsi Commerce Ltd.	Subsidiary	London	United Kingdom	Business Services	15.9	127
N. Brown Funding Ltd.	Subsidiary	Manchester	United Kingdom	Business Services	2.9
High & Mighty Limited	Subsidiary	Berkshire	United Kingdom	Retail (Apparel)
Tagma Ltd.	Subsidiary	Manchester	United Kingdom	Software and Programming
Vote It Ltd.	Subsidiary	Manchester	United Kingdom	Business Services
Candid Collections Ltd.	Subsidiary	Salford	United Kingdom	Nonclassifiable Industries
Hammond House Investments Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries
Hammond House Investments International Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries
Dale Financial Services Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries
N Brown Group Quest Trustee Ltd.	Subsidiary	Manchester	United Kingdom	Business Services
Melgold Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries
Wingmark Ltd.	Subsidiary	Manchester	United Kingdom	Commercial Banks
Reliable Collections Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries
Odhams Leisure Group Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries
Dale House (Mail Order) Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries
The Value Catalogue Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries
Better Living Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries
Figleaves Global Trading Limited	Subsidiary	London	United Kingdom	Apparel and Accessories
J.D. Williams Group Ltd.	Subsidiary	Manchester	United Kingdom	Business Services
J.D. Williams & Co. Ltd.	Subsidiary	Manchester	United Kingdom	Retail (Catalog and Mail Order)	1,015.6	3,117
Jdw Finance Ltd.	Subsidiary	Manchester	United Kingdom	Business Services	8.5	1,000
Figleaves Global Trading Ltd.	Subsidiary	Manchester	United Kingdom	Retail (Catalog and Mail Order)	25.3	183
T-Bra Ltd.	Subsidiary	Manchester	United Kingdom	Retail (Apparel)
Gray & Osbourn Ltd.	Subsidiary	London	United Kingdom	Retail (Catalog and Mail Order)	25.8	23
Nightingales Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries		2
Speciality Home Shopping (Us) Ltd.	Subsidiary	Manchester	United Kingdom	Personal Services	1.2
Oxendale & Co. Ltd.	Subsidiary	Manchester	United Kingdom	Personal Services	0.0
Ambrose Wilson Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries
Heather Valley (Woollens) Ltd.	Subsidiary	Edinburgh	United Kingdom	Nonclassifiable Industries
Trading By Post Ltd.	Subsidiary	Edinburgh	United Kingdom	Nonclassifiable Industries
Fulfilment Logistics Ltd.	Subsidiary	Manchester	United Kingdom	Retail (Catalog and Mail Order)
Aldrex Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries
Cuss Contractors Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries
Mature Wisdom Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries
Sander & Kay Ltd.	Subsidiary	Manchester	United Kingdom	Retail (Catalog and Mail Order)
Whitfords (Bury) Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries
Whitfords (Textiles) Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries
Bury Boot & Shoe Co. (1953) Ltd. (The)	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries
Whitfords (Cosytred) Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries
Sartor Ltd.	Subsidiary	Salford	United Kingdom	Retail (Catalog and Mail Order)
Halwins Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries
House Of Stirling (Direct Mail) Ltd.	Subsidiary	Edinburgh	United Kingdom	Nonclassifiable Industries
Home Shopping Direct Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries
Hartingdon House Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries
E. Langfield & Co. Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries
Classic Combination Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries
Postal Traders Credit Agency Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries
J. D. Williams Merchandise Co. Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries
Langley House Ltd.	Subsidiary	Manchester	United Kingdom	Retail (Catalog and Mail Order)
Crescent Direct Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries
Comfortably Yours Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries
N Brown Property One Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries
N Brown Property Two Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries
N Brown Property Three Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries
Eunite Ltd.	Subsidiary	Manchester	United Kingdom	Business Services
House of Bath	Subsidiary	Bath	United Kingdom	Retail (Catalog and Mail Order)
Holland & Heeley Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries
Hilton Mailing Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries
N Brown Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries
Dunlop Heywood (Facilities Management) Ltd.	Subsidiary	Manchester	United Kingdom	Nonclassifiable Industries
First Financial Ltd.	Subsidiary	Lancashire	United Kingdom	Investment Services

J.D. Williams & Co. Ltd. Manchester, , United Kingdom, Tel: 44-1612368256, URL: http://www.jdwilliams.co.uk/shop/home

Executives Report

Board of Directors

Name	Title	Function
Ian Carr	Director	Director/Board Member
Age: 51
Mark Cheshire	Director	Director/Board Member
Age: 54 Education: INSEAD, MBA
John Hinchcliffe	Marketing Director	Director/Board Member
Paul Robert Kendrick	Director	Director/Board Member
Age: 45
Neil Angus Mcgowan	IT Director	Director/Board Member
Age: 55
Dean Moore	Director	Director/Board Member
Age: 55
Peter John Tynan	Secretary	Director/Board Member
Age: 59
Alan White	Director	Director/Board Member
Age: 57

Executives

Name	Title	Function
Mike Wakefield	Deputy General Manager	Division Head Executive
Jackie Gradwell	Health & Safety Manager	Environment/Safety Executive
Peter John Tynan	Secretary	Company Secretary
Age: 59
Tanya Mccartney	Head of Talent Management	Human Resources Executive
Mike Suban	HR Manager	Human Resources Executive
Jonathan Tinning	HR Manager	Human Resources Executive
Karen Jenkins	Training Manager	Training Executive
John Hinchcliffe	Marketing Director	Marketing Executive
Christine Mulcahy	Manager-Marketing	Marketing Executive
Neil Angus Mcgowan	IT Director	Information Executive
Age: 55
Alan Palmer	Manager-Market Research	Research & Development Executive
Michael Vincent	Group Management Development Manager	Other

Directors and Shareholders Report

Main Office Address: Griffin Ho 40 Lever St Manchester United Kingdom M606ES

Tel: 44-1612368256 URL: http://www.jdwilliams.co.uk/shop/home

Annual Return Date: 19 Jul 2012 Total Issued Capital (GBP 000): 115,218

Individual Directors
Name	Status	DOB	Filed Address	Appointment Date	Resignation Date	Summary of Directorships
Alan White	Current	15 Apr 1955	Whirley House Wrigley Lane, Macclesfield, Cheshire SK10 4RP	02 Sep 2002	NA	Current:30 Previous:1 Disqualifications:0
Paul Robert Kendrick	Current	31 Jul 1967	Griffin House, 40 Lever Street, Salford, Greater Manchester M60 6ES	25 Feb 2008	NA	Current:38 Previous:1 Disqualifications:0
Mark Cheshire	Current	27 Apr 1958	Crossroads Farm, Barton Le Willows, York, North Yorkshire YO60 7PD	13 Aug 2007	NA	Current:2 Previous:4 Disqualifications:0
Ian Carr	Current	03 Jul 1961	Griffin House 40 Lever Street, Salford, Greater Manchester M60 6ES	13 Sep 2011	NA	Current:4 Previous:0 Disqualifications:0
Dean Moore	Current	22 Oct 1957	16 Comely Bank Avenue, Edinburgh, Edinburgh, Edinburgh, City of EH4 1EL	28 Jan 2004	NA	Current:50 Previous:26 Disqualifications:0
Judith Margaret Burgin	Previous	30 Oct 1956	Shore Mill, Lawton Square, Oldham, Greater Manchester OL3 5DT	01 Jan 2001	29 Mar 2002	Current:1 Previous:2 Disqualifications:0
Graham Green	Previous	10 Dec 1955	17 Sandringham Road, Southport, Merseyside PR8 2JZ	18 Aug 1997	31 Aug 2006	Current:2 Previous:57 Disqualifications:0
Keith Basnett	Previous	21 Oct 1959	8 Millbrook Close, Shaw, Oldham, Greater Manchester OL2 8QA	10 Dec 1997	22 Mar 2004	Current:1 Previous:6 Disqualifications:0
Andrew Thomas Higginson	Previous	10 Jul 1957	Heldrew House Delamare Road, Cheshunt, Waltham Cross, Hertfordshire EN8 9SL	07 Aug 2012	07 Aug 2012	Current:0 Previous:1 Disqualifications:0
Nigel Ferguson Green	Previous	23 Sep 1949	Rose Cottage Bullhill Lane, Rainow, Macclesfield, Cheshire SK10 5TQ	19 Jul 1991	01 Sep 2000	Current:0 Previous:12 Disqualifications:0
Iain Sinclair Macfarlane	Previous	28 Dec 1941	Axe Edge Green Farm, Quarnford, Buxton, Derbyshire SK17 0ST	19 Jul 1991	24 Dec 1997	Current:0 Previous:9 Disqualifications:0
Robert David Yates	Previous	21 Jul 1943	8 Meadow Close, Whaley Bridge, Stockport, Greater Manchester SK12 7BD	19 Jul 1991	31 May 1996	Current:0 Previous:14 Disqualifications:0
Denis George Montgomery Williams	Previous	15 Aug 1915	Red Acre Macclesfield Road, Wilmslow, Cheshire SK9 7BW	19 Jul 1991	05 Jan 2007	Current:0 Previous:1 Disqualifications:0
James Martin	Previous	09 Dec 1942	The Coach House, Warrington Road, Northwich, Cheshire CW9 6HB	19 Jul 1991	02 Sep 2002	Current:4 Previous:49 Disqualifications:0
Timothy Peter Wood	Previous	10 Sep 1959	Lower Crombleholme Fold Farm, Cromble Holme Fold, Preston, Lancashire PR3 2ES	26 Apr 1994	12 Jun 1998	Current:0 Previous:4 Disqualifications:0
Gerald Cook	Previous	04 Jul 1947	The Farmhouse Ainsworth Farm, Back Lane Heath Charnock, Chorley, Lancashire PR6 9DJ	16 Aug 1994	24 Jan 2003	Current:0 Previous:3 Disqualifications:0
Iain Anderson Beveridge	Previous	12 Feb 1954	6 Ashcroft Close, Wilmslow, Cheshire SK9 1RB	17 May 1994	09 Nov 1999	Current:0 Previous:2 Disqualifications:0
Angrew Stephen Lee	Previous	09 Mar 1958	39 Broadway, Cheadle, Cheshire SK8 1LB	04 Feb 2000	31 Aug 2003	Current:0 Previous:1 Disqualifications:0
John Hinchcliffe	Previous	17 Jan 1965	Pitcher Clough Farm, Oldfield Lane Oldfield, Keighley, West Yorkshire BD22 0HT	15 Sep 2003	31 Jan 2012	Current:1 Previous:38 Disqualifications:0
Nigel Alliance	Previous	28 Feb 1935	Suite 17B 111 Piccadilly, Manchester, Greater Manchester M1 2HY	19 Jul 1991	31 Aug 1995	Current:9 Previous:6 Disqualifications:0
Timothy John Kowalski	Previous	03 Dec 1958	44 Birchdale Road, Appleton, Warrington, Cheshire WA4 5AW	14 May 1999	02 Dec 2003	Current:0 Previous:93 Disqualifications:0
Keith James Risk	Previous	19 Aug 1955	10 Lyndale Park, Orton Wistow, Peterborough, Cambridgeshire PE2 6FE	22 Sep 2003	30 Nov 2011	Current:0 Previous:10 Disqualifications:0
Michael Irvine Greenwood	Previous	NA	1 Rock Terrace Leeds Road, Lightcliffe, Halifax, West Yorkshire HX3 8PB	NA	17 May 1994	Current:0 Previous:7 Disqualifications:0
Michael Stuart Bullas	Previous	10 Feb 1953	Lumb House Farm, Greenside Road Thurstonland, Huddersfield, West Yorkshire HD4 6XA	01 Nov 2002	12 Mar 2004	Current:0 Previous:14 Disqualifications:0
Mark Adrian Armitage	Previous	28 Aug 1961	5 Frog Island, Leicester, Leicestershire LE3 5AG	16 Jul 2001	22 Mar 2004	Current:4 Previous:8 Disqualifications:0
Paul Newell Short	Previous	18 Dec 1954	Griffin House, 40 Lever Street, Salford, Greater Manchester M60 6ES	27 Jul 2004	01 Oct 2012	Current:0 Previous:14 Disqualifications: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
Peter John Tynan	Current	05 Mar 1953	9 Parkville Road, Withington, Manchester, Greater Manchester M20 4TX	19 Jul 1991	NA	Current:63 Previous:3 Disqualifications:0

Corporate Secretaries

There are no corporate secretaries for this company.

Individual Shareholders

There are no individual shareholders for this company.

Corporate Shareholders
Company Name	Registration Number	Share Details (As Reported)	Share Type	# of Shares	Share Price (GBP)	Share Value (GBP)	% of Total Shares
J. D. Williams Group Limited	00927506	114978264 Ordinary GBP 1.00	Ordinary	114,978,264	1.00	114,978,264.00	99.79
J. D. Williams Group Limited	00927506	120040 B Ordinary GBP 1.00	B Ordinary	120,040	1.00	120,040.00	0.10
J. D. Williams Group Limited	00927506	120040 A Ordinary GBP 1.00	A Ordinary	120,040	1.00	120,040.00	0.10

News
	Events to commemorate Ole Miss integration Northeast Mississippi Daily Journal, Tupelo, Northeast Mississippi Daily Journal (Tupelo) (771 Words)	24-Sep-2012
	J.D. Williams & Associates Moves to New Office Site PR Web (518 Words)	29-Aug-2012
	Northeast Mississippi Daily Journal, Tupelo, Errol Castens column By Errol Castens, Northeast Mississippi Daily Journal, Tupelo, Northeast Mississippi Daily Journal (Tupelo) (435 Words)	16-Mar-2012
	Research and Markets: Internet Plumbing and Heating Market Report - UK 2012-2016 Analysis Business Wire (526 Words)	07-Mar-2012
	Celebrate the 12 Days of Science Dec 21-Jan 1 GlobeNewswire (383 Words)	06-Dec-2011
	Celebrate the 12 Days of Science Dec 21-Jan 1 Cision (English) (621 Words)	06-Dec-2011

J.D. Williams & Co. Ltd. Manchester, United Kingdom, Tel: 44-1612368256, URL: http://www.jdwilliams.co.uk/shop/home

Annual Profit & Loss

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

Financial Glossary

	26-Feb-2011	27-Feb-2010	28-Feb-2009	01-Mar-2008	24-Feb-2007
Period Length	52 Weeks	52 Weeks	52 Weeks	53 Weeks	52 Weeks
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate (Period Average)	0.647435	0.631366	0.575434	0.499516	0.534697
Consolidated	No	No	No	No	No
Turnover (UK)	-	1,013.6	1,055.8	-	-
Turnover (Exports)	-	0.0	0.0	-	-
Total Turnover	1,015.6	1,013.6	1,055.8	1,116.8	923.4
Cost of Sales	474.5	495.4	501.5	507.7	419.2
Gross Profit	541.1	518.2	554.3	609.1	504.2
Depreciation	21.2	21.6	20.5	24.3	22.5
Other Expenses	397.7	384.2	411.9	479.9	380.9
Operating Profit	-	134.0	142.4	129.3	123.3
Other Income	3.4	3.7	19.2	18.5	15.4
Interest Paid	22.3	17.1	53.8	60.7	36.0
Exceptional Income	0.0	0.0	0.0	0.0	0.0
Discontinued Operations	0.0	0.0	0.0	0.0	0.0
Profit Before Taxes	124.5	120.7	107.8	87.0	102.7
Tax Payable / Credit	26.1	32.4	23.5	23.8	34.4
Extraordinary Items/Debits	0.0	0.0	0.0	0.0	0.0
Dividends	0.0	0.0	68.9	0.0	187.0
Profit After Taxes	98.4	88.3	15.3	63.2	-118.7
Minority Interests (Profit & Loss)	0.0	0.0	0.0	0.0	0.0
Audit Fees	0.2	0.2	0.3	0.3	0.2
Number of Employees	3,117	3,157	3,034	2,966	2,912
Wages	88.7	95.0	97.9	109.9	97.2
Social Security Costs	9.9	10.0	10.8	11.4	9.1
Pensions	0.1	0.1	0.1	0.1	0.1
Other Pension Costs	0.6	3.9	4.2	33.0	4.5
Employees Remuneration	99.3	108.9	112.9	154.2	110.7
Directors Emoluments	9.0	5.5	5.8	5.7	4.8
Other Costs	0.0	0.0	0.0	0.0	0.0
Directors Remuneration	9.1	5.6	5.9	5.7	4.9
Highest Paid Director	5.1	2.0	2.1	2.4	1.9

Annual Balance Sheet

Financials in: USD (mil)

Financial Glossary

	26-Feb-2011	27-Feb-2010	28-Feb-2009	01-Mar-2008	24-Feb-2007
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate	0.6222	0.656858	0.701582	0.502715	0.509463
Consolidated	No	No	No	No	No
Land & Buildings	61.3	58.9	58.4	82.9	79.1
Fixtures & Fittings	0.0	0.0	0.0	0.0	0.0
Plant & Vehicles	105.0	85.7	81.2	101.4	98.2
Total Tangible Fixed Assets	166.3	144.6	139.6	184.2	177.3
Intangible Assets	3.0	1.6	0.5	1.3	1.9
Investments	39.0	18.7	17.5	24.5	24.2
Total Fixed Assets	208.3	164.9	157.6	210.0	203.4
Stocks	-	87.9	88.5	-	-
Work in Progress	-	0.0	0.0	-	-
Total Stocks Work In Progress	119.5	87.9	88.5	122.1	100.8
Trade Debtors	749.6	666.8	607.7	757.3	659.7
Inter-Company Debtors	93.0	113.4	43.8	67.3	67.7
Other Debtors	23.3	19.2	28.7	29.8	26.7
Total Debtors	866.0	799.3	680.2	854.4	754.2
Cash and Equivalents	82.3	66.2	70.1	58.8	51.6
Other Current Assets	5.3	3.5	0.0	0.0	0.0
Total Current Assets	1,073.1	957.0	838.8	1,035.4	906.6
Total Assets	1,281.4	1,121.8	996.4	1,245.4	1,109.9
Trade Creditors	90.3	69.7	69.8	100.0	70.0
Inter-Company Creditors	815.1	753.8	699.0	845.7	750.1
Accruals/Deferred Income (Current Liability)	40.4	41.9	30.9	37.1	32.8
Social Security/VAT	35.0	35.1	36.4	44.3	31.3
Corporation Tax	22.6	19.0	5.7	13.3	17.1
Other Current Liabilities	22.7	8.9	1.0	6.8	13.4
Total Current Liabilities	1,026.0	928.4	842.8	1,047.1	914.7
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	2.7	5.6	0.0	0.0
Total Long Term Liabilities	0.0	2.7	5.6	0.0	0.0
Deferred Taxation	13.0	8.9	2.1	4.9	10.7
Other Provisions	0.0	0.0	0.0	8.2	0.0
Total Provisions	13.0	8.9	2.1	13.2	10.7
Issued Capital	0.6	0.4	0.2	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	241.8	181.4	145.7	184.9	184.3
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	242.4	181.8	145.9	185.1	184.5
Net Worth	239.3	180.2	145.4	183.8	182.6

Annual Cash Flows

Financials in: USD (mil)

Financial Glossary

	26-Feb-2011	27-Feb-2010	28-Feb-2009	01-Mar-2008	24-Feb-2007
Period Length	52 Weeks	52 Weeks	52 Weeks	53 Weeks	52 Weeks
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate (Period Average)	0.647435	0.631366	0.575434	0.499516	0.534697
Consolidated	No	No	No	No	No

Annual Ratios

Financials in: USD (mil)

	26-Feb-2011	27-Feb-2010	28-Feb-2009	01-Mar-2008	24-Feb-2007
Period Length	52 Weeks	52 Weeks	52 Weeks	53 Weeks	52 Weeks
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate	0.6222	0.656858	0.701582	0.502715	0.509463
Consolidated	No	No	No	No	No
Current Ratio	1.05	1.03	1.00	0.99	0.99
Liquidity Ratio	0.93	0.94	0.89	0.87	0.88
Stock Turnover	8.84	11.08	9.78	8.91	9.61
Credit Period (Days)	258.92	249.79	256.14	253.87	248.47
Working Capital by Sales	4.45%	2.93%	-0.46%	-1.08%	-0.84%
Trade Credit by Debtors	0.12	0.10	0.11	0.13	0.11
Return on Capital	50.74%	59.97%	57.52%	42.78%	55.22%
Return on Assets	10.11%	10.34%	8.87%	6.81%	9.71%
Profit Margin	12.26%	11.91%	10.21%	7.79%	11.12%
Return on Shareholders Funds	53.46%	63.82%	60.57%	45.83%	58.42%
Borrowing Ratio	340.57%	418.30%	480.62%	460.07%	410.82%
Equity Gearing	18.92%	16.20%	14.64%	14.86%	16.62%
Interest Coverage	5.59	7.07	2.00	1.43	2.85
Sales by Tangible Assets	6.36	6.74	6.20	5.91	5.47
Average Remuneration per Employee	0.0	0.0	0.0	0.1	0.0
Profit per Employee	0.0	0.0	0.0	0.0	0.0
Sales per Employee	0.3	0.3	0.3	0.4	0.3
Capital Employed per Employee	0.1	0.1	0.1	0.1	0.1
Tangible Assets per Employee	0.1	0.0	0.0	0.1	0.1
Total Assets per Employee	0.4	0.4	0.3	0.4	0.4
Employee Remuneration by Sales	9.78%	10.75%	10.70%	13.81%	11.99%
Creditor Days (Cost of Sales Based)	66.74	53.46	61.92	73.74	58.06
Creditor Days (Sales Based)	31.18	26.13	29.42	33.52	26.36

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.34
UK Pound	1	Rs.86.96
Euro	1	Rs.69.24

INFORMATION DETAILS

Report Prepared by :

PDT

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%)

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