MIRA INFORM REPORT

 

 

 

Report Date :

13.09.2012

 

IDENTIFICATION DETAILS

 

Name :

NEW LOOK RETAILERS LTD.  

 

 

Registered Office :

New Look House, Mercery Road, Weymouth, DT3 5HJ

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

26.03.2011

 

 

Date of Incorporation :

01.03.1982

 

 

Com. Reg. No.:

01618428

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Retailing of clothing, footwear and accessories under the new look brand.

 

 

No. of Employees :

20,081

 

 

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 :

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

 

 

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 & address  

 

New Look Retailers Ltd. 

New Look House

Mercery Road

Weymouth, DT3 5HJ

United Kingdom

Tel:       0117 910 2420

 Web: www.newlookgroup.com/newlook/en/home

 

           

Registration data 

 

Employees:                  20,081

Company Type:            Private Subsidiary

Corporate Family:          20 Companies

Ultimate Parent:             New Look Retail Group Ltd.

Quoted Status:             Non-quoted Company

Incorporation Date:         01-Mar-1982

Auditor:                        PricewaterhouseCoopers LLP    

Financials in:                 USD (Millions)

Fiscal Year End:            26-Mar-2011

Reporting Currency:       British Pound Sterling

Annual Sales:               1,887.0  1

Net Income:                   138.0

Total Assets:                 2,276.4

 

 

Business Description     

 

Retailing of clothing, footwear and accessories under the new look brand.

 

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

US SIC 1987:    5651 - Family Clothing Stores

 

           


Key Executives   

 

Name

Title

Will Kernan

Group Managing Director and Chief Operating Officer

Alastair Miller

Chief Financial Officer and Director

Barbara Horspool

Creative Director

Keith Gosling

Secretary

Geoff Gardner

Head of IT Operations

 

 

News  

 

 

Title

Date

Research and Markets: Teenage Fashionwear Market Assessment 2011
Business Wire (393 Words)

15-Nov-2011

Kelly Brook Launches New Look's Party Dresses Collection
Marketwire (Canada) (556 Words)

27-Oct-2011

Kelly Brook Launches New Look's Party Dresses Collection
Market Wire (560 Words)

27-Oct-2011

 

 

Financial Summary    

 

 

FYE: 26-Mar-2011

USD (mil)

Key Figures

 

Current Assets

1,718.63

Fixed Assets

557.81

Total Liabilities

591.21

Net Worth

1,463.19

 

Key Ratios

 

Current Ratio

2.91

Acid Test

2.58

 

 

Registered No.(UK): 01618428

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6440046

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6216779

 

 

Corporate Overview

 

Location

New Look House

Mercery Road

Weymouth, DT3 5HJ

Dorset County

United Kingdom

Tel:       0117 910 2420

Web:    www.newlookgroup.com

           

Sales GBP(mil):             1,215.3

Assets GBP(mil):           1,415.2

Employees:                   20,081

Fiscal Year End:            26-Mar-2011

Industry:                        Retail (Apparel)

Incorporation Date:         01-Mar-1982

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(UK):       01618428

 

Contents

Industry Codes

Business Description

Financial Data

Key Corporate Relationships

Gazette Status

 

Industry Codes

 

ANZSIC 2006 Codes:

4251     -          Clothing Retailing

4279     -          Other Store-Based Retailing Not Elsewhere Classified

 

NACE 2002 Codes:

5243     -          Retail sale of footwear and leather goods

5248     -          Other retail sale in specialised stores

5242     -          Retail sale of clothing

 

NAICS 2002 Codes:

448       -          Clothing and Clothing Accessories Stores

4481     -          Clothing Stores

453       -          Miscellaneous Store Retailers

 

US SIC 1987:

5651     -          Family Clothing Stores

59         -          Miscellaneous Retail

599       -          Retail Stores, Not Elsewhere Classified

 

UK SIC 2003:

5248     -          Other retail sale in specialised stores

5243     -          Retail sale of footwear and leather goods

5242     -          Retail sale of clothing

 

Business Description

Retailing of clothing, footwear and accessories under the new look brand.

 

Financial Data

Financials in:

GBP(mil)

 

Revenue:

1,215.3

Net Income:

88.9

Assets:

1,415.2

Current Assets:

1,068.4

 

Fixed Assets:

346.8

 

Long Term Debt:

27.5

 

Total Liabilities:

395.1

 

Issued Capital:

0.0

 

Working Capital:

700.9

 

Net Worth:

909.6

 

 

 

Date of Financial Data:

26-Mar-2011

 

1 Year Growth

4.1%

NA

NA

 

Key Corporate Relationships

Auditor:

PricewaterhouseCoopers LLP

 

Auditor:

PricewaterhouseCoopers LLP

 

 

 

GBP(mil)

Audit Fees:

0.2

Non Audit Fees:

0.1

Audit Fiscal Year:

03-26-2011

 

 

 

 

Gazette Status

Description

Action Date

Publication

Publication Date

Claim Form

08-Sep-2011

 

20-Oct-2011

 

 

 

 

 

 

Corporate Family

Corporate Structure News:

 

New Look Retail Group Ltd.
New Look Retailers Ltd.

New Look Retailers Ltd. 
Total Corporate Family Members: 20 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

New Look Retail Group Ltd.

Parent

Weymouth

United Kingdom

Business Services

2,268.9

23,939

Pedalgreen Ltd.

Subsidiary

Weymouth

United Kingdom

Business Services

 

 

Trinitybrook Ltd.

Subsidiary

Weymouth

United Kingdom

Business Services

 

 

Hamperwood Ltd.

Subsidiary

Weymouth

United Kingdom

Business Services

 

 

New Look Treasury Ltd.

Subsidiary

Weymouth

United Kingdom

Business Services

 

 

New Look Group Ltd.

Subsidiary

Weymouth

United Kingdom

Commercial Banks

 

 

New Look Ltd.

Subsidiary

Weymouth

United Kingdom

Commercial Banks

 

12,418

New Look Retailers Ltd.

Subsidiary

Weymouth

United Kingdom

Retail (Apparel)

1,887.0

20,081

New Look Card Services Ltd.

Subsidiary

Weymouth

United Kingdom

Nonclassifiable Industries

 

 

New Look Ltd.

UK Branch/Trading address

London

United Kingdom

Retail (Apparel)

 

200

New Look Ltd.

UK Branch/Trading address

Hinckley

United Kingdom

Retail (Apparel)

 

20

New Look Ltd.

UK Branch/Trading address

Birmingham

United Kingdom

Retail (Apparel)

 

16

New Look Ltd.

UK Branch/Trading address

Newquay

United Kingdom

Retail (Apparel)

 

15

New Look

UK Branch/Trading address

Ballymena

United Kingdom

Retail (Apparel)

 

15

Geometry Properties Ltd.

Subsidiary

Weymouth

United Kingdom

Construction Services

2.7

 

Geometry Properties (Tonypandy) Ltd.

Subsidiary

Weymouth

United Kingdom

Personal Services

 

 

Customer Direct Ltd.

Subsidiary

Weymouth

United Kingdom

Nonclassifiable Industries

 

 

Fashion Focus Ltd.

Subsidiary

Weymouth

United Kingdom

Nonclassifiable Industries

 

 

New Look Overseas Ltd.

Subsidiary

Weymouth

United Kingdom

Commercial Banks

 

 

New Look Wholesalers Ltd.

UK Branch/Trading address

Merthyr Tydfil

United Kingdom

Retail (Apparel)

 

3

 

 

 

Executives Report

 

 

Board of Directors

 

Name

Title

Function

 

Keith Gosling

 

Secretary

Director/Board Member

 

Will Kernan

 

Group Managing Director and Chief Operating Officer

Director/Board Member

 

Social: 

Alistair Kenneth Mcgeorge

 

Director

Director/Board Member

 

 

Age: 53

 

Alastair Miller

 

Chief Financial Officer and Director

Director/Board Member

 

 

Age: 54

 

 

Executives

 

Name

Title

Function

 

 

Carrie Dodd

 

Regional Manager

Division Head Executive

 

Will Kernan

 

Group Managing Director and Chief Operating Officer

Managing Director

 

Social: 

Guy Lister

 

Customer & Multi-channel Managing Director

Managing Director

 

 

Age: 45

 

Lisa Booth

 

Retail Operations Manager

Operations Executive

 

 

Social: 

Geoff Gardner

 

Head of IT Operations

Operations Executive

 

 

Social: 

David Shepherd

 

Group Security Manager

Security

 

 

Keith Gosling

 

Secretary

Company Secretary

 

 

Alastair Miller

 

Chief Financial Officer and Director

Finance Executive

 

 

Age: 54

 

Stewart Kendall

 

Development Controller

Controller

 

 

Social: 

Roger Wightman

 

Buying Merchandising and Design Director, Women’s Clothing

Marketing Executive

 

 

Barbara Horspool

 

Creative Director

Advertising Executive

 

 

Mark Wilson

 

Technical Architect

Engineering/Technical Executive

 

 

Social: 

Amanda Herron

 

Acquisitions Manager

Business Development Executive

 

 

Laurence Amata

 

International Director

Other

 

 

Sue McLaughlan

 

Head of Supplies

Other

 

 

Xavier Wilmes

 

Director General

Other

 

 

 

Directors and Shareholders Report

Main Office Address:
New Look House
Mercery Road
Weymouth
United Kingdom DT3 5HJ

Tel: 0117 910 2420
URL:http://www.newlookgroup.com/newlook/en/home

Annual Return Date:30 Jul 2011
Total Issued Capital (GBP 000): 1

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Alastair 
Miller

Current

05 Jun 1958

42 Kinghorn Park, 
Maidenhead, Berkshire SL6 7TX

18 Jan 2000

NA

Current:15
Previous:22
Disqualifications:0

 

Alistair Kenneth 
Mcgeorge

Current

06 May 1959

23B Torkington Road, Wilmslow,
Wilmslow, Cheshire SK9 2AE

29 Jun 2011

NA

Current:10
Previous:35
Disqualifications:0

 

Guy William 
Lister

Current

09 Feb 1967

New Look House, Mercery Road, 
Weymouth, Dorset DT3 5HJ

26 Jan 2012

NA

Current:6
Previous:0
Disqualifications:0

 

Kuljit Kaur 
Singh

Previous

NA

Eastbrook House 10 Church Street, Upway, 
Weymouth, Dorset DT3 5QE

NA

10 Oct 1994

Current:0
Previous:14
Disqualifications:0

 

Gavin Thomas 
Aldred

Previous

04 Apr 1956

Pigeon House, Hampton, 
Dorchester, Dorset DT2 9DZ

NA

03 Jun 1998

Current:0
Previous:6
Disqualifications:0

 

Mehnga 
Singh

Previous

15 Sep 1928

Eastbrook House 10 Church Street, Upwey, 
Weymouth, Dorset DT3 5QB

30 Jul 1992

10 Oct 1994

Current:0
Previous:4
Disqualifications:0

 

Sawarn 
Singh

Previous

12 Nov 1931

Eastbrook House 10 Church Street, Upwey, 
Weymouth, Dorset DT3 5QB

30 Jul 1992

10 Oct 1994

Current:0
Previous:4
Disqualifications:0

 

Philip Oliver 
Wrigley

Previous

10 Nov 1952

Unit 130 Wellworthy Road, Ampress Park, 
Lymington, Hampshire SO41 8JY

19 Jul 2001

09 Apr 2009

Current:6
Previous:18
Disqualifications:0

 

James Clifford 
Hodkinson

Previous

21 Apr 1944

Imo 35-37 Amersham Hill, 
High Wycombe, Buckinghamshire HP13 6NU

NA

08 May 2000

Current:5
Previous:67
Disqualifications:0

 

Paul John 
Marchant

Previous

NA

25 Chevening Road, 
London , London NW6 6DB

20 Sep 2006

07 Nov 2008

Current:0
Previous:4
Disqualifications:0

 

Hartirath Singh 
Dhillon

Previous

20 Oct 1946

Tatton House Buckland Ripers, Weymouth, 
Weymouth, Dorset DT3 4BX

30 Jul 1993

16 Aug 1993

Current:0
Previous:1
Disqualifications:0

 

Mark Philip 
Fontaine

Previous

NA

6 Lickey Grange Drive, Marlbrook, 
Bromsgrove, Worcestershire B60 1RD

NA

01 Oct 1993

Current:0
Previous:12
Disqualifications:0

 

Peter Sean
Phillips

Previous

14 Jul 1942

Grinshill Hall, Grinshill, 
Shrewsbury, Shropshire SY4 3BL

10 Oct 1994

31 Jan 1995

Current:8
Previous:27
Disqualifications:0

 

Stephen Richard 
Sunnucks

Previous

30 Sep 1957

Berkeley Square House Suite 7 Level 1, Berkeley Square, 
London , London W1J 6BS

10 Aug 1998

05 Apr 2004

Current:0
Previous:17
Disqualifications:0

 

William James 
Kernan

Previous

13 Jun 1969

New Look House, Mercery Road, 
Weymouth, Dorset DT3 5HJ

12 Aug 2010

20 Jan 2012

Current:1
Previous:9
Disqualifications:0

 

Carl 
Mcphail

Previous

23 Mar 1964

Pembroke House Earlstone Common, Burghclere, 
Newbury, Berkshire RG20 9HN

19 Jul 2001

21 Mar 2011

Current:1
Previous:14
Disqualifications:0

 

Tom Tar 
Singh

Previous

29 Aug 1949

5 Church Lane, Portesham, 
Weymouth, Dorset DT3 4HB

30 Jul 1992

19 Jul 2001

Current:4
Previous:14
Disqualifications:0

 

Lex 
Austin-Gemas

Previous

28 Oct 1966

Apartment 4 11 Picton Place, 
London , London W1U 1BW

22 Jul 2009

06 Jul 2010

Current:0
Previous:10
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

 

Keith 
Gosling

Current

NA

New Look House, Mercery Road,
Weymouth, Dorset DT3 5HJ

01 Jun 2011

NA

Current:1
Previous:0
Disqualifications:0

 

Kuljit Kaur
Singh

Previous

NA

Eastbrook House 10 Church Street, Upway, 
Weymouth, Dorset DT3 5QE

NA

08 Jun 1993

Current:0
Previous:14
Disqualifications:0

 

Alastair 
Miller

Previous

05 Jun 1958

42 Kinghorn Park, 
Maidenhead, Berkshire SL6 7TX

28 Apr 2004

01 Jun 2011

Current:15
Previous:22
Disqualifications:0

 

Keith 
Manning

Previous

09 Mar 1948

Woodpeckers, Orchard Gate, 
Sandhurst, Berkshire GU47 8PP

NA

10 Aug 1998

Current:0
Previous:7
Disqualifications:0

 

Mark Philip 
Fontaine

Previous

NA

6 Lickey Grange Drive, Marlbrook, 
Bromsgrove, Worcestershire B60 1RD

NA

01 Oct 1993

Current:0
Previous:12
Disqualifications:0

 

Peter Sean 
Phillips

Previous

14 Jul 1942

Grinshill Hall, Grinshill, 
Shrewsbury, Shropshire SY4 3BL

10 Oct 1994

31 Jan 1995

Current:8
Previous:27
Disqualifications:0

 

Amanda 
Stephenson

Previous

21 Jul 1964

Oaksdown, Forest Edge Road Crow Hill, 
Ringwood, Hampshire BH24 3DF

10 Aug 1998

28 Apr 2004

Current:0
Previous:10
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

New Look Ltd

01996366

1000 Ordinary GBP 1.00

Ordinary

1,000

1.00

1,000.00

100.00

 

 

 

Annual Profit & Loss

 

Financials in: USD (mil) 

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

 

 

 

26-Mar-2011

27-Mar-2010

28-Mar-2009

29-Mar-2008

24-Mar-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.644005

0.628176

0.590376

0.498398

0.530162

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Turnover (UK)

1,716.5

-

1,871.0

2,014.2

1,598.8

Turnover (Exports)

170.5

-

0.0

0.0

79.3

Total Turnover

1,887.0

1,857.8

1,871.0

2,014.2

1,678.1

Cost of Sales

848.8

726.3

765.6

839.3

753.8

Gross Profit

1,038.2

1,131.5

1,105.4

1,174.9

924.3

Depreciation

101.3

96.2

94.6

93.3

77.8

Other Expenses

910.7

914.7

894.2

962.3

764.5

Operating Profit

127.5

216.8

-

-

-

Other Income

22.3

37.2

108.7

95.5

60.9

Interest Paid

0.0

2.6

2.4

15.7

21.6

Exceptional Income

0.0

0.0

-11.5

-2.3

-4.3

Discontinued Operations

0.0

0.0

25.1

0.0

0.0

Profit Before Taxes

149.8

251.4

305.9

290.1

194.8

Tax Payable / Credit

11.8

40.5

26.4

19.7

13.8

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

138.0

210.9

279.6

270.5

180.9

Minority Interests (Profit & Loss)

0.0

0.0

0.0

0.0

0.0

Audit Fees

0.3

0.3

0.4

0.4

0.3

Non Audit Fees

0.1

0.1

-

-

-

Number of Employees

20,081

18,713

17,363

16,104

14,077

Wages

245.7

258.6

252.6

261.8

203.9

Social Security Costs

15.4

19.8

15.6

15.1

15.1

Pensions

0.4

0.4

0.5

0.6

0.4

Other Pension Costs

1.7

7.5

9.4

13.7

3.4

Employees Remuneration

262.8

285.9

277.6

290.6

222.4

Directors Emoluments

2.1

5.6

2.9

3.2

2.8

Other Costs

1.1

4.9

0.0

0.0

0.0

Directors Remuneration

3.6

10.9

3.4

3.8

3.2

Highest Paid Director

2.0

2.6

1.1

1.2

1.3

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

26-Mar-2011

27-Mar-2010

28-Mar-2009

29-Mar-2008

24-Mar-2007

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.621678

0.670938

0.698153

0.502715

0.509398

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Land & Buildings

30.5

27.9

26.6

34.6

25.1

Fixtures & Fittings

112.2

106.5

100.9

172.9

147.4

Plant & Vehicles

190.1

177.2

150.9

205.6

160.9

Total Tangible Fixed Assets

332.7

311.6

278.3

413.1

333.4

Intangible Assets

150.0

168.8

190.8

304.8

340.8

Investments

75.2

69.5

56.0

27.4

26.4

Total Fixed Assets

557.8

549.9

525.1

745.3

700.6

Stocks

190.3

163.4

177.1

161.8

146.7

Work in Progress

1.0

1.9

2.2

7.4

0.0

Total Stocks Work In Progress

191.3

165.3

179.3

169.2

146.7

Trade Debtors

17.0

14.0

11.4

13.2

14.1

Inter-Company Debtors

1,178.1

950.4

875.6

1,002.7

797.9

Other Debtors

75.4

91.3

65.8

82.3

71.4

Total Debtors

1,270.5

1,055.7

952.8

1,098.2

883.4

Cash and Equivalents

256.8

271.1

204.9

231.7

129.4

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

1,718.6

1,492.1

1,337.1

1,499.1

1,159.5

Total Assets

2,276.4

2,041.9

1,862.2

2,244.4

1,860.1

Trade Creditors

195.1

125.9

160.0

155.4

138.3

Inter-Company Creditors

216.8

202.7

326.4

570.2

619.5

Hire Purchase (Current Liability)

-

-

-

-

0.0

Finance Lease (Current Liability)

-

-

-

-

0.3

Total Finance Lease/Hire Purchase (Current Liability)

-

-

-

-

0.3

Accruals/Deferred Income (Current Liability)

143.1

179.3

132.8

143.4

88.6

Social Security/VAT

9.9

19.0

20.6

27.0

24.0

Corporation Tax

5.0

22.1

16.4

8.4

2.0

Other Current Liabilities

21.3

37.6

12.3

30.1

20.9

Total Current Liabilities

591.2

586.6

668.6

934.4

893.7

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

1.3

Total Hire Purchase Loans (Long Term Liability)

0.0

0.0

0.0

0.0

1.3

Other Long Term Loans

0.0

0.0

0.0

0.0

0.0

Accruals/Deferred Income (Long Term Liability)

44.3

52.8

52.1

77.2

51.5

Other Long Term Liabilities

0.0

0.0

0.0

0.0

0.0

Total Long Term Liabilities

44.3

52.8

52.1

77.2

52.8

Deferred Taxation

4.1

7.9

5.6

13.6

3.2

Other Provisions

23.8

35.8

31.8

30.3

21.9

Total Provisions

27.8

43.7

37.4

43.9

25.1

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

1,613.1

1,358.9

1,104.1

1,188.9

888.5

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

1,613.1

1,358.9

1,104.1

1,189.0

888.5

Net Worth

1,463.2

1,190.2

913.3

884.2

547.7

 

 

Annual Cash Flows

 

 

 

26-Mar-2011

27-Mar-2010

28-Mar-2009

29-Mar-2008

24-Mar-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.644005

0.628176

0.590376

0.498398

0.530162

Consolidated

No

No

No

No

No

 

 

 

 

 

 

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

26-Mar-2011

27-Mar-2010

28-Mar-2009

29-Mar-2008

24-Mar-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.621678

0.670938

0.698153

0.502715

0.509398

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

2.91

2.54

2.00

1.60

1.30

Liquidity Ratio

2.58

2.26

1.73

1.42

1.13

Stock Turnover

10.22

10.52

8.82

11.80

11.90

Credit Period (Days)

3.17

2.93

2.64

2.41

2.95

Working Capital by Sales

57.67%

52.06%

42.25%

28.28%

15.22%

Trade Credit by Debtors

11.51

9.00

13.98

11.78

9.79

Return on Capital

9.21%

16.18%

21.67%

21.96%

20.97%

Return on Assets

6.82%

11.53%

13.89%

12.82%

10.90%

Profit Margin

7.94%

13.53%

16.35%

14.40%

11.61%

Return on Shareholders Funds

9.62%

17.32%

23.43%

24.19%

22.81%

Borrowing Ratio

14.82%

17.03%

35.74%

64.49%

113.41%

Equity Gearing

70.86%

66.55%

59.29%

52.97%

47.77%

Debt Gearing

-

-

-

-

0.24%

Interest Coverage

-

94.92

126.93

18.47

9.03

Sales by Tangible Assets

5.88

5.58

5.69

4.83

5.24

Average Remuneration per Employee

0.0

0.0

0.0

0.0

0.0

Profit per Employee

0.0

0.0

0.0

0.0

0.0

Sales per Employee

0.1

0.1

0.1

0.1

0.1

Capital Employed per Employee

0.1

0.1

0.1

0.1

0.1

Tangible Assets per Employee

0.0

0.0

0.0

0.0

0.0

Total Assets per Employee

0.1

0.1

0.1

0.1

0.1

Employee Remuneration by Sales

13.93%

15.39%

14.84%

14.43%

13.25%

Creditor Days (Cost of Sales Based)

81.00

67.58

90.19

68.17

64.36

Creditor Days (Sales Based)

36.44

26.42

36.91

28.41

28.91

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.26

UK Pound

1

Rs.88.85

Euro

1

Rs.71.13

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.