MIRA INFORM REPORT

 

 

Report Date :

27.11.2012

 

IDENTIFICATION DETAILS

 

Name :

ARCADIA GROUP BRANDS LTD.

 

 

Registered Office :

Debenhams Plc Waterloo House Westgate Street Ipswich, IP1 3EH

 

 

Country :

United Kingdom

 

 

Financials (as on) :

27.08.2011

 

 

Date of Incorporation :

30.06.1971

 

 

Reg. No.:

01016191

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

The company designs, manufactures and supplies menswear, including knitted shirts, waistcoats, pants, trousers, jackets, T-shirts and undergarments.

 

 

No. of Employees :

8,885

 

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 :

Satisfactory

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2011)

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

 

ARCADIA GROUP BRANDS LTD.                      

 

Debenhams Plc

Waterloo House

Westgate Street

Ipswich, IP1 3EH

United Kingdom

(Trading Address)
Tel:                               01473 221313

 

Employees:                   8,885

Company Type:             Private Subsidiary

Corporate Family:          744 Companies

Ultimate Parent:             Taveta Investments Ltd

           

Quoted Status:              Non-quoted Company

Incorporation Date:         30-Jun-1971

Auditor:                         PricewaterhouseCoopers LLP

Financials in:                 USD (In Millions)

             

Fiscal Year End:            27-Aug-2011

Reporting Currency:       British Pound Sterling

Annual Sales:                2,473.0  1

Net Income:                   192.0

Total Assets:                 2,134.6

 

 

Business Description        

 

 

Arcadia Group Brands Ltd. is one of the leading privately owned clothing retailers in the United Kingdom. The company designs, manufactures and supplies menswear, including knitted shirts, waistcoats, pants, trousers, jackets, T-shirts and undergarments. It also stocks and sells various nightwear, swimwear and knitwear. The company offers a range of women’s clothing, including printed tops, skirts and jeans in different sizes and colours. It additionally provides several boxer shorts, designer skirts and dresses in different fabrics. In addition, the company offers a number of leather bags, shoes, boots and jackets.

 

 

Industry      

 

 

Industry

Retail (Apparel)

ANZSIC 2006:

4251 - Clothing Retailing

NACE 2002:

5242 - Retail sale of clothing

NAICS 2002:

4481 - Clothing Stores

UK SIC 2003:

5242 - Retail sale of clothing

UK SIC 2007:

4771 - Retail sale of clothing in specialised stores

US SIC 1987:

5651 - Family Clothing Stores

 

 

Key Executives   

             

 

Name

Title

Gillian Hague

Group Financial Controller & Director

Kimberly D Rodie

Company Secretary

Aisha L Waldron

Company Secretary

Richard Leeroy Burchill

Director

Richard Dedombal

Director

 

 

News

           

Title

Date

pounds 5 OFF AT BURTON
Mirror (UK) (402 Words)

12-Jan-2012

 

 

Financial Summary  

 

 

FYE: 27-Aug-2011

USD (mil)

Key Figures

 

Current Assets

1,980.13

Fixed Assets

154.48

Total Liabilities

375.19

Net Worth

1,711.65

 

Key Ratios

 

Current Ratio

5.28

Acid Test

4.82

 

Registered No.(UK):       01016191

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6241094
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6162949

 

 

Corporate Overview

 

Location
Debenhams Plc
Waterloo House
Westgate Street
Ipswich, IP1 3EH
Suffolk County
United Kingdom

 

Tel:                               01473 221313

 

Sales GBP(mil):             1,543.4

Assets GBP(mil):           1,315.5

Employees:                   8,885

Fiscal Year End:            27-Aug-2011

 

Industry:                        Retail (Apparel)

 

Registered Address:    

Colegrave House
70 Berners Street
London, W1T 3NL
United Kingdom

 

Incorporation Date:         30-Jun-1971

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(UK):       01016191

 

Company Secretary:      Kimberly D Rodie

 

 

Industry Codes

 

ANZSIC 2006 Codes:

4251

-

Clothing Retailing

4279

-

Other Store-Based Retailing Not Elsewhere Classified

 

NACE 2002 Codes:

5242

-

Retail sale of clothing

5243

-

Retail sale of footwear and leather goods

 

NAICS 2002 Codes:

4481

-

Clothing Stores

448

-

Clothing and Clothing Accessories Stores

 

US SIC 1987:

5651

-

Family Clothing Stores

59

-

Miscellaneous Retail

 

UK SIC 2003:

5242

-

Retail sale of clothing

5243

-

Retail sale of footwear and leather goods

 

UK SIC 2007:

4771

-

Retail sale of clothing in specialised stores

4772

-

Retail sale of footwear and leather goods in specialised stores

 

 

Business Description

 

Arcadia Group Brands Ltd. is one of the leading privately owned clothing retailers in the United Kingdom. The company designs, manufactures and supplies menswear, including knitted shirts, waistcoats, pants, trousers, jackets, T-shirts and undergarments. It also stocks and sells various nightwear, swimwear and knitwear. The company offers a range of women’s clothing, including printed tops, skirts and jeans in different sizes and colours. It additionally provides several boxer shorts, designer skirts and dresses in different fabrics. In addition, the company offers a number of leather bags, shoes, boots and jackets.

 

More Business Descriptions

Arcadia Group Brands Ltd. is a part of Arcadia Group Ltd. Arcadia Group has more than 2,000 outlets throughout the country and is one of the United Kingdom’s largest clothing retailers. It reaches its customers through approximately eight brands in the United Kingdom and a growing number of international stores, including Burton, Dorothy, Perkins, Evans, Miss Selfridge, Outfit, TOPSHOP, TOPMAN and Wallis. Arcadia Group began in 1900 with £100. Arcadia Group Brands Ltd. has head offices in Bridgwater, Somerset. (Updated by OneSource Information Services)

Group engaged in the reatil of menswear, womenswear, childrenswear and products for the home through stores, home shopping catalogues and the internet

 

 

Brand/Trade Names

 

Burton

Miss Selfridge

Dorothy Perkins

Topshop

Evans

Topman

Outfit

Wallis

 

 

Financial Data

 

Financials in:

GBP(mil)

1 Year Growth

Revenue:

1,543.4

-0.7%

Net Income:

119.8

NA

Assets:

1,315.5

NA

Current Assets:

1,220.3

 

Fixed Assets:

95.2

 

Long Term Debt:

0.0

 

Total Liabilities:

231.2

 

Issued Capital:

NaN

 

Working Capital:

989.1

 

Net Worth:

1,054.9

 

Date of Financial Data:

27-Aug-2011

 

 

 

Key Corporate Relationships

 

Auditor:

PricewaterhouseCoopers LLP

Auditor:

PricewaterhouseCoopers LLP

 

 

Corporate Structure News

 

Arcadia Group Brands Ltd.
Total Corporate Family Members: 744
Excluded Small Branches and/or Trading Addresses: 676 (Available via export)

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Taveta Investments Ltd

Parent

London

United Kingdom

Retail (Apparel)

4,340.4

44,030

Top Shop / Top Man Properties Ltd.

Subsidiary

London

United Kingdom

Construction Services

 

 

Taveta Investments (No.2) Ltd.

Subsidiary

London

United Kingdom

Business Services

 

 

Arcadia Group Ltd.

Subsidiary

London

United Kingdom

Business Services

222.7

2,375

Wallis Retail Ltd.

Subsidiary

London

United Kingdom

Business Services

281.9

3,005

Wallis Retail Properties Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

 

Wallis (London) Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

 

Outfit Retail Ltd.

Subsidiary

Hull

United Kingdom

Business Services

24.4

2,281

Miss Selfridge Retail Ltd.

Subsidiary

London

United Kingdom

Business Services

212.1

828

Miss Selfridge Properties Ltd.

Subsidiary

Bromley

United Kingdom

Construction Services

 

60

Arcadia Group (USA) Ltd.

Subsidiary

London

United Kingdom

Business Services

38.5

215

Zoom.Co.UK Ltd.

Subsidiary

London

United Kingdom

Communications Services

57.4

30

Redcastle Ltd.

Subsidiary

London

United Kingdom

Construction Services

401.8

 

Arcadia Group Holdings Ltd.

Subsidiary

London

United Kingdom

Construction Services

 

 

Redcastle Property Mortgage Ltd.

Subsidiary

London

United Kingdom

Business Services

 

 

Gresse Street Ltd.

Subsidiary

London

United Kingdom

Recreational Activities

2.1

 

Dorothy Perkins Ltd.

Subsidiary

London

United Kingdom

Construction Services

0.2

 

Arcadia Group Design And Development Ltd.

Subsidiary

London

United Kingdom

Construction Services

125.1

 

A & D Pension Services Ltd.

Subsidiary

Bristol

United Kingdom

Investment Services

 

 

B. E. Leasing Ltd.

Subsidiary

London

United Kingdom

Investment Services

 

 

Arcadia Group Fashion Holdings Ltd.

Subsidiary

London

United Kingdom

Commercial Banks

 

 

Arcadia Group Brands Ltd.

Subsidiary

Ipswich

United Kingdom

Retail (Apparel)

2,473.0

8,885

Dorsub (Ts/Tm) Ltd.

Subsidiary

Croydon

United Kingdom

Retail (Apparel)

 

4,656

Dorsub (Prl) Ltd.

Subsidiary

London

United Kingdom

Retail (Apparel)

 

2,948

Barforce Ltd.

Subsidiary

London

United Kingdom

Retail (Apparel)

 

2,346

Top Shop/Top Man Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

1.2

871

Dorothy Perkins Retail Ltd.

Subsidiary

London

United Kingdom

Retail (Apparel)

1.2

15

Collier Finance Ltd.

Subsidiary

London

United Kingdom

Investment Services

 

 

Evans Ltd.

Subsidiary

Bradford

United Kingdom

Nonclassifiable Industries

0.7

7

Burton Retail Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

0.7

 

A. G. Fashion Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

 

Evans Retail Properties Ltd.

Subsidiary

London

United Kingdom

Construction Services

 

 

Burton / Dorothy Perkins Properties Ltd.

Subsidiary

London

United Kingdom

Construction Services

 

 

Tammy (Girlswear) Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

 

Matte Card Services Ltd.

Subsidiary

London

United Kingdom

Business Services

 

 

Dorsub (Dpr) Ltd.

Subsidiary

London

United Kingdom

Retail (Apparel)

 

6,382

Dorsub (Hrl) Ltd.

Subsidiary

London

United Kingdom

Retail (Apparel)

 

4,575

Dorsub (Tic) Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

 

Montague Burton Property Investments Ltd.

Subsidiary

London

United Kingdom

Commercial Banks

 

 

Burton Property Trust Ltd.

Subsidiary

London

United Kingdom

Construction Services

 

 

Redcastle (Holdings) Ltd.

Subsidiary

London

United Kingdom

Business Services

 

 

Redcastle Finance Ltd.

Subsidiary

London

United Kingdom

Construction Services

 

 

Redcastle (214 Oxford Street) Ltd.

Subsidiary

London

United Kingdom

Business Services

25.0

 

Redcastle Investments Ltd.

Subsidiary

London

United Kingdom

Commercial Banks

 

 

Caraway Group Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

 

Arcadia Retail Group Ltd.

Subsidiary

London

United Kingdom

Business Services

 

 

Castle Trustee Ltd.

Subsidiary

London

United Kingdom

Business Services

 

 

Arcadia Quest Trustee Ltd.

Subsidiary

London

United Kingdom

Business Services

 

 

Redcastle Properties Ltd.

Subsidiary

London

United Kingdom

Business Services

 

 

Montague Burton Employees Savings Trustee Ltd.

Subsidiary

London

United Kingdom

Investment Services

 

 

Arcadia Group Pension Trust Ltd.

Subsidiary

Bristol

United Kingdom

Investment Services

 

 

Arcadia Group Retail Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

 

Ag Senior Executives Pension Trustee Ltd.

Subsidiary

London

United Kingdom

Investment Services

 

 

Debenhams Profit Sharing Trustees Ltd.

Subsidiary

 

United Kingdom

Commercial Banks

 

 

Svml Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

 

A. G. Clothing (Holdings) Ltd.

Subsidiary

London

United Kingdom

Commercial Banks

 

 

A.G. Clothing Ltd.

Subsidiary

Nottingham

United Kingdom

Retail (Apparel)

93.9

7,077

Richards Investments Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

 

Dorsub (Rsh) Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

 

Montague Burton Properties Ltd.

Subsidiary

London

United Kingdom

Construction Services

 

 

Bhs Group Ltd.

Subsidiary

London

United Kingdom

Business Services

 

 

Bhs Ltd.

Subsidiary

London

United Kingdom

Retail (Grocery)

1,186.2

12,401

Lowland Homes Ltd.

Subsidiary

London

United Kingdom

Business Services

3.3

 

Bhs Services Ltd

Subsidiary

London

United Kingdom

Business Services

 

 

Bhs Pension Trustees Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

 

Bhs Properties Ltd.

Subsidiary

London

United Kingdom

Construction Services

23.6

 

Davenbush Ltd.

Subsidiary

London

United Kingdom

Construction Services

9.5

 

Arcadia Stancepower Holdings Ltd.

Subsidiary

London

United Kingdom

Business Services

 

 

 

 

Board of Directors

 

 

Name

Title

Function

Richard Leeroy Burchill

 

Director

Director/Board Member

Age: 40

Richard Dedombal

 

Director

Director/Board Member

 

Age: 47

Mary Julia Margaret Geraghty

 

Director

Director/Board Member

 

Age: 39

Gillian Hague

 

Group Financial Controller & Director

Director/Board Member

 

Age: 47

Mark A Healey

 

Director

Director/Board Member

Kimberly D Rodie

 

Company Secretary

Director/Board Member

Aisha L Waldron

 

Company Secretary

Director/Board Member

Sally Wightman

 

Director

Director/Board Member

Age: 43

 

 

Executives

 

 

Name

Title

Function

Kimberly D Rodie

 

Company Secretary

Company Secretary

Aisha L Waldron

 

Company Secretary

Company Secretary

Gillian Hague

 

Group Financial Controller & Director

Finance Executive

Age: 47

 

 

Directors and Shareholders Report

 

Main Office Address:
Debenhams Plc
Waterloo House
Ipswich
United Kingdom IP1 3EH

Tel: 01473 221313

Annual Return Date: 01 Jun 2012

 

Individual Directors

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Mary Julia Margaret
Geraghty

Current

08 Jul 1973

Colegrave House 70 Berners Street,
London , London W1T 3NL

17 Oct 2007

NA

Current:29
Previous:0
Disqualifications:0

 

Gillian
Hague

Current

13 Feb 1965

Oak Cottage, The Street,
Guildford, Surrey GU4 7TG

14 Sep 2005

NA

Current:53
Previous:4
Disqualifications:0

 

Richard
Dedombal

Current

03 Feb 1965

46 Blackmoor Lane, Bardsey,
Leeds, West Yorkshire LS17 9DY

01 May 2012

NA

Current:50
Previous:0
Disqualifications:0

 

Sally Marion
Wightman

Current

27 Nov 1968

The Burton Business Park, Hudson Road,
Leeds, West Yorkshire LS9 7DN

02 Mar 2011

NA

Current:50
Previous:25
Disqualifications:0

 

Richard Leeroy
Burchill

Current

08 Dec 1971

Colegrave House 70 Berners Street,
London , London W1T 3NL

16 Aug 2006

NA

Current:53
Previous:1
Disqualifications:0

 

Andrew Clive
Hind

Previous

16 Apr 1960

14 Princes Avenue, Muswell Hill,
Muswell Hill, London N10 3LR

20 Dec 1993

05 May 1994

Current:8
Previous:8
Disqualifications:0

 

Mark Anthony
Healey

Previous

03 Feb 1962

Colegrave House 70 Berners Street,
London , London W1T 3NL

14 Sep 2005

10 Feb 2012

Current:2
Previous:51
Disqualifications:0

 

Colin Peter
Duckels

Previous

21 Oct 1953

14 Woodlands Park, Scarcroft,
Leeds, West Yorkshire LS14 3JU

03 Oct 2000

25 Feb 2011

Current:1
Previous:51
Disqualifications:0

 

David Nigel
Brown

Previous

19 Jul 1961

116 Clarence Road,
St. Albans, Hertfordshire AL1 4NW

16 Dec 1994

16 Aug 2006

Current:12
Previous:56
Disqualifications:0

 

Adam Alexander
Goldman

Previous

21 Mar 1966

4 Jenner Way, Clarendon Park,
Epsom, Surrey KT19 7LJ

20 Jan 1998

17 Feb 2006

Current:16
Previous:49
Disqualifications:0

 

Stephen John
Longdon

Previous

23 Jan 1952

Littlewood Pyle Hill,
Woking, Surrey GU22 0SR

01 Dec 1993

NA

Current:8
Previous:5
Disqualifications:0

 

John
Hodges

Previous

23 Aug 1952

The Old Orchard Burney Road, Westhumble,
Dorking, Surrey RH5 6AU

01 Mar 1993

20 Jan 1998

Current:0
Previous:89
Disqualifications:0

 

Ian Peter
Jackman

Previous

02 Aug 1946

Flat 11 Macready House, 75 Crawford Street,
London , London W1H 5LR

28 Jun 1992

14 Sep 2005

Current:12
Previous:91
Disqualifications:0

 

Julie Sook Hein
Crossland

Previous

20 Jun 1971

9 Rowallan Road,
London , London SW6 6AF

17 Feb 2006

29 May 2007

Current:3
Previous:45
Disqualifications:0

 

David John
Bates

Previous

29 Jun 1934

11 The Laurels, Potten End,
Berkhamsted, Hertfordshire HP4 2SP

28 Jun 1992

16 Dec 1994

Current:0
Previous:32
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

Aisha Leah
Waldron

Current

NA

29 Bookerhill Road,
High Wycombe, Buckinghamshire HP12 4HA

01 Dec 2009

NA

Current:1
Previous:0
Disqualifications:0

Jayabaduri
Bergamin

Previous

18 Sep 1972

12 Newry Road,
Twickenham, Middlesex TW1 1PL

04 Apr 2008

13 Nov 2008

Current:2
Previous:49
Disqualifications:0

Michelle Hazel
Cox

Previous

NA

154 Eastwood Road North,
Leigh-On-Sea, Essex SS9 4LZ

31 Mar 2005

31 Mar 2009

Current:0
Previous:49
Disqualifications:0

Beverley
Hicks

Previous

NA

7 Westminster Court, King & Queen Wharf Rotherhithe,
Rotherhithe, London SE16 5SY

05 Sep 2003

31 Mar 2005

Current:0
Previous:46
Disqualifications:0

John
Hodges

Previous

23 Aug 1952

The Old Orchard Burney Road, Westhumble,
Dorking, Surrey RH5 6AU

01 Mar 1993

20 Jan 1998

Current:0
Previous:89
Disqualifications:0

Ian Peter
Jackman

Previous

02 Aug 1946

Flat 11 Macready House, 75 Crawford Street,
London , London W1H 5LR

18 Aug 2000

05 Sep 2000

Current:12
Previous:91
Disqualifications:0

Rebecca Jayne
Stevenson

Previous

01 Jan 1968

49 Rivulet Road, Tottenham,
Tottenham, London N17 7JT

05 Sep 2000

05 Sep 2003

Current:1
Previous:46
Disqualifications:0

Daphne Valerie
Cash

Previous

16 Aug 1959

City Bridge House 57 Southwark Street,
London , London SE1 1RU

NA

18 Aug 2000

Current:9
Previous:150
Disqualifications:0

Kimberly Donna
Rodie

Previous

NA

34 Doulton Mews, West Hampstead,
London , London NW6 1XY

13 Nov 2008

01 Dec 2009

Current:1
Previous:48
Disqualifications:0

Kimberly Donna
Rodie

Previous

NA

26 Falcon Grove,
London , London SW11 2ST

02 Feb 2010

27 Jun 2011

Current:0
Previous:1
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

Arcadia Group Fashion Holdings Limited

00266758

100 Ordinary GBP 1.00

Ordinary

100

1.00

100.00

100.00

 

 

Annual Profit & Loss

 

Financials in: USD (mil) 

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

 

 

 

 

27-Aug-2011

28-Aug-2010

29-Aug-2009

30-Aug-2008

01-Sep-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.624109

0.639819

0.642791

0.502804

0.510913

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Turnover (UK)

-

2,256.6

2,246.5

-

-

Turnover (Exports)

-

171.8

104.0

-

-

Total Turnover

2,473.0

2,428.4

2,350.5

2,914.7

2,888.0

Cost of Sales

2,087.7

1,919.6

1,876.2

2,396.2

2,326.2

Gross Profit

385.3

508.8

474.4

518.4

561.8

Depreciation

0.6

38.5

37.8

50.8

47.2

Other Expenses

122.4

116.8

103.1

122.2

133.9

Operating Profit

-

392.1

371.3

396.3

428.0

Other Income

3.2

6.9

0.9

0.1

0.0

Interest Paid

0.0

0.1

0.1

0.1

0.0

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

266.0

398.9

372.1

396.3

427.9

Tax Payable / Credit

74.0

111.8

107.8

113.8

142.0

Extraordinary Items/Debits

0.0

0.0

0.0

0.0

0.0

Dividends

0.0

0.0

0.0

0.0

0.0

Profit After Taxes

192.0

287.1

264.2

282.5

285.9

Minority Interests (Profit & Loss)

0.0

0.0

0.0

0.0

0.0

Number of Employees

8,885

21,094

21,391

-

8,845

Wages

330.8

321.3

318.1

409.7

400.0

Social Security Costs

22.8

22.1

21.7

27.8

26.6

Pensions

0.0

0.0

0.0

0.0

0.0

Other Pension Costs

17.0

5.5

5.2

13.3

14.7

Employees Remuneration

370.5

349.0

345.0

450.8

441.4

Directors Emoluments

0.0

0.0

0.0

0.0

0.0

Other Costs

0.0

0.0

0.0

0.0

0.0

Directors Remuneration

0.0

0.0

0.0

0.0

0.0

Highest Paid Director

0.0

0.0

0.0

0.0

0.0

 

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

27-Aug-2011

28-Aug-2010

29-Aug-2009

30-Aug-2008

01-Sep-2007

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.616295

0.646266

0.613083

0.548261

0.495774

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Land & Buildings

1.7

2.1

2.3

4.3

5.6

Fixtures & Fittings

147.0

146.7

152.1

147.7

168.6

Plant & Vehicles

0.0

0.0

0.0

0.0

0.0

Total Tangible Fixed Assets

148.8

148.8

154.4

152.0

174.3

Intangible Assets

0.0

0.0

0.0

0.0

0.0

Investments

5.7

8.4

8.9

10.2

6.3

Total Fixed Assets

154.5

157.2

163.3

162.2

180.5

Total Stocks Work In Progress

172.0

144.9

143.4

156.8

162.6

Trade Debtors

42.5

45.2

46.4

45.4

48.0

Inter-Company Debtors

1,696.6

1,433.3

1,197.8

1,031.3

1,085.6

Director Loans

-

-

0.0

0.0

0.0

Other Debtors

14.4

15.5

18.5

24.7

26.7

Total Debtors

1,753.5

1,494.0

1,262.7

1,101.4

1,160.3

Cash and Equivalents

54.6

5.6

8.8

32.8

17.0

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

1,980.1

1,644.6

1,414.9

1,291.0

1,339.9

Total Assets

2,134.6

1,801.8

1,578.2

1,453.1

1,520.5

Trade Creditors

204.9

180.8

171.6

199.7

221.5

Bank Overdraft

-

-

0.0

0.6

210.5

Inter-Company Creditors

0.0

8.7

9.1

6.9

10.2

Accruals/Deferred Income (Current Liability)

57.2

60.9

68.8

59.2

73.5

Social Security/VAT

58.4

51.8

45.3

59.1

62.4

Other Current Liabilities

54.7

52.8

57.8

63.3

52.5

Total Current Liabilities

375.2

354.9

352.6

388.7

630.6

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

0.3

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

0.3

Deferred Taxation

0.0

0.0

0.0

0.0

-

Other Provisions

47.8

0.0

0.0

3.7

3.2

Total Provisions

47.8

0.0

0.0

3.7

3.2

Issued Capital

0.0

0.0

0.0

0.0

0.0

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

1,711.7

1,446.9

1,225.5

1,060.6

886.4

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

1,711.7

1,446.9

1,225.5

1,060.6

886.4

Net Worth

1,711.7

1,446.9

1,225.5

1,060.6

886.4

 

 

Annual Cash Flows

 

Financials in: USD (mil)

 

 

 

27-Aug-2011

28-Aug-2010

29-Aug-2009

30-Aug-2008

01-Sep-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.624109

0.639819

0.642791

0.502804

0.510913

Consolidated

No

No

No

No

No

 

 

Annual Ratios

 

Financials in: USD (mil)

 

 

 

27-Aug-2011

28-Aug-2010

29-Aug-2009

30-Aug-2008

01-Sep-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.616295

0.646266

0.613083

0.548261

0.495774

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

5.28

4.63

4.01

3.32

2.12

Liquidity Ratio

4.82

4.23

3.61

2.92

1.87

Stock Turnover

14.56

16.59

17.19

17.04

18.30

Credit Period (Days)

6.20

6.87

6.87

6.20

5.89

Working Capital by Sales

64.09%

53.64%

43.11%

33.75%

23.83%

Trade Credit by Debtors

4.82

4.00

3.70

4.40

4.61

Return on Capital

15.31%

27.30%

31.83%

34.14%

49.56%

Return on Assets

12.62%

21.92%

24.72%

25.01%

29.00%

Profit Margin

10.76%

16.43%

15.83%

13.60%

14.82%

Return on Shareholders Funds

15.74%

27.30%

31.83%

34.27%

49.75%

Borrowing Ratio

0.00%

0.60%

0.74%

0.71%

24.90%

Equity Gearing

80.19%

80.30%

77.66%

72.99%

58.30%

Interest Coverage

-

7,090.14

4,783.42

5,534.86

10,411.10

Sales by Tangible Assets

16.83

16.16

15.96

17.59

17.08

Average Remuneration per Employee

0.0

0.0

0.0

-

0.1

Profit per Employee

0.0

0.0

0.0

-

0.0

Sales per Employee

0.3

0.1

0.1

-

0.3

Capital Employed per Employee

0.2

0.1

0.1

-

0.1

Tangible Assets per Employee

0.0

0.0

0.0

-

0.0

Total Assets per Employee

0.2

0.1

0.1

-

0.2

Employee Remuneration by Sales

14.98%

14.37%

14.68%

15.47%

15.28%

Creditor Days (Cost of Sales Based)

35.37

34.72

31.84

33.16

33.72

Creditor Days (Sales Based)

29.86

27.45

25.41

27.26

27.16

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.69

UK Pound

1

Rs.89.19

Euro

1

Rs.72.10

 

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

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.