|
Report Date : |
18.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
J.D. WILLIAMS & CO. LTD. |
|
|
|
|
Registered Office : |
Griffin House 40 Lever Street Manchester, M60 6ES |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
03.03.2012 |
|
|
|
|
Date of Incorporation : |
13.12.1921 |
|
|
|
|
Com. Reg. No.: |
00178367 |
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|
|
|
Legal Form : |
Private Subsidiary |
|
|
|
|
Line of Business : |
Subject is one of the leading online shopping companies.
Subject stocks and sells clothing for men, women and children |
|
|
|
|
No. of Employees : |
3,207 |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 second largest economy in Europe after Germany. 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 aimed 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 21% by 2014. The Bank of England (BoE) implemented an asset purchase program of up to £375 billion (approximately $605 billion) as of December 2012. 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). In 2012, weak consumer spending and subdued business investment weighed on the economy. GDP fell 0.1%, and the budget deficit remained stubbornly high at 7.7% of GDP. Public debt continued to increase.
Source
: CIA
|
J.D. WILLIAMS &
CO. LTD. |
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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.
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Industry |
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ANZSIC 2006: |
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ISIC Rev 4: |
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NACE Rev 2: |
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NAICS 2012: |
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UK SIC 2007: |
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US SIC 1987: |
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||||||||||||||||||||
Registered No.(UK): 00178367
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6257634
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6268327
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||||||||||||||||||||||||||||||||||
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ANZSIC 2006 Codes: |
||
|
4310 |
- |
Non-Store Retailing |
|
ISIC Rev 4 Codes: |
||
|
4791 |
- |
Retail sale via mail order houses or via Internet |
|
NACE Rev 2 Codes: |
||
|
4791 |
- |
Retail sale via mail order houses or via Internet |
|
NAICS 2012 Codes: |
||
|
45411 |
- |
Electronic Shopping and Mail-Order Houses |
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US SIC 1987: |
||
|
5961 |
- |
Catalog and Mail-order Houses |
|
UK SIC 2007: |
||
|
4791 |
- |
Retail sale via mail order houses or via Internet |
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
|
Retailing through direct home shopping. |
|
|
|
Electronic Shopping & Mail-Order Houses |
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|
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Catalogue and Mail Order Retail |
|
|
|
Catalogue Shops |
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Auditor: |
Deloitte LLP |
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Auditor: |
Deloitte LLP |
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Auditor History |
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Deloitte LLP |
03-Mar-2012 |
|
Deloitte LLP |
26-Feb-2011 |
|
Deloitte LLP |
27-Feb-2010 |
|
Deloitte LLP |
28-Feb-2009 |
|
Deloitte LLP |
01-Mar-2008 |
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|
|
|
|
GBP(mil) |
|
Audit Fees: |
0.2 |
|
Audit Fiscal Year: |
03-03-2012 |
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Manchester |
United Kingdom |
Non-store Retail |
1,244.6 |
3,254 |
|
|
Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Professional Services |
|
2,000 |
|
|
Subsidiary |
Edinburgh |
United Kingdom |
Banking |
|
75 |
|
|
Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Professional Services |
|
1,000 |
|
|
Subsidiary |
London |
United Kingdom |
Clothing and Apparel Wholesale |
25.0 |
175 |
|
|
Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Professional Services |
4.0 |
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Peterlee |
United Kingdom |
Non-store Retail |
1,131.3 |
3,207 |
|
|
Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Professional Services |
11.6 |
1,000 |
|
|
Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Personal Services |
7.8 |
1,000 |
|
|
Subsidiary |
Manchester |
United Kingdom |
Non-store Retail |
|
1,000 |
|
|
Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Professional Services |
|
500 |
|
|
Subsidiary |
London |
United Kingdom |
Non-store Retail |
24.9 |
22 |
|
|
Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Professional Services |
|
2 |
|
|
Subsidiary |
Manchester |
United Kingdom |
Non-store Retail |
0.0 |
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Clothing and Apparel Stores |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Personal Services |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
|
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
|
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
|
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
|
|
|
|
|
Subsidiary |
Edinburgh |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Edinburgh |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Property Managers |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
|
|
|
|
|
Subsidiary |
Edinburgh |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
|
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Non-store Retail |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
|
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
|
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
|
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Non-store Retail |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Nonclassifiable Establishments |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
|
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Nonclassifiable Establishments |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
|
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
|
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
|
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Nonclassifiable Establishments |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Banking |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
|
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
|
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
|
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Computer System Design Services |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
|
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
|
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Bath |
United Kingdom |
Miscellaneous Store Retailers |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Market Research and Opinion Polling |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Storage and Warehousing |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
Subsidiary |
Berkshire |
United Kingdom |
Clothing and Apparel Stores |
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
Individual Directors |
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
03 Jul 1961 |
Griffin House 40 Lever Street, |
13 Sep 2011 |
NA |
Current:3 |
|
|
|
Current |
30 Aug 1962 |
Griffin House, 40 Lever Street, |
01 Jul 2013 |
NA |
Current:3 |
|
|
|
Current |
28 Feb 1935 |
55 Carrwood, Hale Barns, |
20 Dec 2012 |
NA |
Current:9 |
|
|
|
Current |
29 Jun 1964 |
Griffin House 40 Lever Street, |
01 Feb 2013 |
NA |
Current:1 |
|
|
|
Current |
29 Dec 1966 |
Griffin House 40 Lever Street, |
01 Feb 2013 |
NA |
Current:1 |
|
|
|
Current |
31 Jul 1967 |
Griffin House, 40 Lever Street, |
25 Feb 2008 |
NA |
Current:38 |
|
|
|
Current |
27 Apr 1958 |
Crossroads Farm, Barton Le Willows, |
13 Aug 2007 |
NA |
Current:2 |
|
|
|
Current |
22 Oct 1957 |
Bleak House, Oaks Road, |
28 Jan 2004 |
NA |
Current:50 |
|
|
|
Previous |
10 Sep 1959 |
Lower Crombleholme Fold Farm, Cromble Holme Fold, |
26 Apr 1994 |
12 Jun 1998 |
Current:0 |
|
|
|
Previous |
15 Apr 1955 |
Whirley House Wrigley Lane, |
02 Sep 2002 |
31 Oct 2013 |
Current:6 |
|
|
|
Previous |
28 Dec 1941 |
Axe Edge Green Farm, Quarnford, |
19 Jul 1991 |
24 Dec 1997 |
Current:0 |
|
|
|
Previous |
21 Jul 1943 |
8 Meadow Close, Whaley Bridge, |
19 Jul 1991 |
31 May 1996 |
Current:0 |
|
|
|
Previous |
30 Oct 1956 |
Shore Mill, Lawton Square, |
01 Jan 2001 |
29 Mar 2002 |
Current:1 |
|
|
|
Previous |
12 Feb 1954 |
6 Ashcroft Close, |
17 May 1994 |
09 Nov 1999 |
Current:0 |
|
|
|
Previous |
09 Dec 1942 |
Trafford House, Chester Road, |
19 Jul 1991 |
02 Sep 2002 |
Current:4 |
|
|
|
Previous |
03 Dec 1953 |
Cherry Trees, Chelford Road, |
14 May 1999 |
02 Dec 2003 |
Current:0 |
|
|
|
Previous |
10 Feb 1953 |
Lumb House Farm, Greenside Road Thurstonland, |
01 Nov 2002 |
12 Mar 2004 |
Current:0 |
|
|
|
Previous |
23 Sep 1949 |
Rose Cottage Bullhill Lane, Rainow, |
19 Jul 1991 |
01 Sep 2000 |
Current:0 |
|
|
|
Previous |
19 Aug 1955 |
10 Lyndale Park, Orton Wistow, |
22 Sep 2003 |
30 Nov 2011 |
Current:0 |
|
|
|
Previous |
04 Jul 1947 |
The Farmhouse Ainsworth Farm, Back Lane Heath Charnock, |
16 Aug 1994 |
24 Jan 2003 |
Current:0 |
|
|
|
Previous |
10 Jul 1957 |
Heldrew House Delamare Road, Cheshunt, |
07 Aug 2012 |
07 Aug 2012 |
Current:1 |
|
|
|
Previous |
15 Aug 1915 |
Red Acre Macclesfield Road, |
19 Jul 1991 |
05 Jan 2007 |
Current:0 |
|
|
|
Previous |
21 Oct 1959 |
Atlantic Pavilion Albert Dock, |
10 Dec 1997 |
22 Mar 2004 |
Current:2 |
|
|
|
Previous |
28 Feb 1935 |
55 Carrwood, Hale Barns, |
19 Jul 1991 |
31 Aug 1995 |
Current:9 |
|
|
|
Previous |
10 Dec 1955 |
Bpl House 880 Harrogate Road, Apperley
Bridge, |
18 Aug 1997 |
31 Aug 2006 |
Current:4 |
|
|
|
Previous |
NA |
1 Rock Terrace Leeds Road, Lightcliffe,
|
NA |
17 May 1994 |
Current:0 |
|
|
|
Previous |
09 Mar 1958 |
39 Broadway, |
04 Feb 2000 |
31 Aug 2003 |
Current:0 |
|
|
|
Previous |
17 Jan 1965 |
Old Oxenhope Hall Old Oxenhope Lane, Oxenhope, |
15 Sep 2003 |
31 Jan 2012 |
Current:4 |
|
|
|
Previous |
28 Aug 1961 |
Bisham Abbey Nsc
Bisham, |
16 Jul 2001 |
22 Mar 2004 |
Current:3 |
|
|
|
Previous |
29 May 1956 |
Suite 110 Malthouse Business
Centre, 48 Southport Road, |
NA |
31 Aug 1997 |
Current:1 |
|
|
|
Previous |
18 Dec 1954 |
Griffin House, 40 Lever Street, |
27 Jul 2004 |
01 Oct 2012 |
Current:1 |
|
|
|
|
|
||||||
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||||||
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|
Corporate Directors |
|
There are no corporate directors for this company. |
|
|
|
Individual Secretaries |
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
05 Mar 1953 |
Griffin House, 40 Lever Street, |
19 Jul 1991 |
NA |
Current:63 |
|
|
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
Corporate Secretaries |
|
There are no corporate secretaries for this company. |
|
|
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Individual Shareholders |
||||||
|
There are no individual shareholders for this company. |
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|
Corporate Shareholders |
|||||||
|
Company Name |
Registration Number |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
00927506 |
114978264 Ordinary GBP 1.00 |
Ordinary |
114,978,264 |
1.00 |
114,978,264.00 |
99.79 |
|
|
00927506 |
120040 B Ordinary GBP 1.00 |
B Ordinary |
120,040 |
1.00 |
120,040.00 |
0.10 |
|
|
00927506 |
120040 A Ordinary GBP 1.00 |
A Ordinary |
120,040 |
1.00 |
120,040.00 |
0.10 |
|
|
|
|||||||
|
|
03-Mar-2012 |
26-Feb-2011 |
27-Feb-2010 |
28-Feb-2009 |
01-Mar-2008 |
|
Period Length |
53 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
53 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate (Period Average) |
0.625763 |
0.647435 |
0.631366 |
0.575434 |
0.499516 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Turnover (UK) |
- |
- |
1,013.6 |
1,055.8 |
- |
|
Turnover (Exports) |
- |
- |
0.0 |
0.0 |
- |
|
Total Turnover |
1,131.3 |
1,015.6 |
1,013.6 |
1,055.8 |
1,116.8 |
|
Cost of Sales |
540.8 |
474.5 |
495.4 |
501.5 |
507.7 |
|
Gross Profit |
590.4 |
541.1 |
518.2 |
554.3 |
609.1 |
|
Depreciation |
25.3 |
21.2 |
21.6 |
20.5 |
24.3 |
|
Other Expenses |
434.0 |
397.7 |
384.2 |
411.9 |
479.9 |
|
Operating Profit |
156.5 |
- |
134.0 |
142.4 |
129.3 |
|
Other Income |
0.0 |
3.4 |
3.7 |
19.2 |
18.5 |
|
Interest Paid |
19.9 |
22.3 |
17.1 |
53.8 |
60.7 |
|
Exceptional Income |
2.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit Before Taxes |
138.7 |
124.5 |
120.7 |
107.8 |
87.0 |
|
Tax Payable / Credit |
22.6 |
26.1 |
32.4 |
23.5 |
23.8 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
47.9 |
0.0 |
0.0 |
68.9 |
0.0 |
|
Profit After Taxes |
68.1 |
98.4 |
88.3 |
15.3 |
63.2 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
0.3 |
0.2 |
0.2 |
0.3 |
0.3 |
|
Number of Employees |
3,207 |
3,117 |
3,157 |
3,034 |
2,966 |
|
Wages |
98.8 |
88.7 |
95.0 |
97.9 |
109.9 |
|
Social Security Costs |
11.4 |
9.9 |
10.0 |
10.8 |
11.4 |
|
Pensions |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Other Pension Costs |
5.9 |
0.6 |
3.9 |
4.2 |
33.0 |
|
Employees Remuneration |
116.1 |
99.3 |
108.9 |
112.9 |
154.2 |
|
Directors Emoluments |
6.1 |
9.0 |
5.5 |
5.8 |
5.7 |
|
Other Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Directors Remuneration |
6.2 |
9.1 |
5.6 |
5.9 |
5.7 |
|
Highest Paid Director |
3.2 |
5.1 |
2.0 |
2.1 |
2.4 |
|
|
|
Annual Balance Sheet |
|
Financials in: USD (mil) |
|
|
03-Mar-2012 |
26-Feb-2011 |
27-Feb-2010 |
28-Feb-2009 |
01-Mar-2008 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.626833 |
0.6222 |
0.656858 |
0.701582 |
0.502715 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Land & Buildings |
58.6 |
61.3 |
58.9 |
58.4 |
82.9 |
|
Fixtures & Fittings |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Plant & Vehicles |
120.8 |
105.0 |
85.7 |
81.2 |
101.4 |
|
Total Tangible Fixed Assets |
179.4 |
166.3 |
144.6 |
139.6 |
184.2 |
|
Intangible Assets |
3.1 |
3.0 |
1.6 |
0.5 |
1.3 |
|
Investments |
38.7 |
39.0 |
18.7 |
17.5 |
24.5 |
|
Total Fixed Assets |
221.2 |
208.3 |
164.9 |
157.6 |
210.0 |
|
Stocks |
- |
- |
87.9 |
88.5 |
- |
|
Work in Progress |
- |
- |
0.0 |
0.0 |
- |
|
Total Stocks Work In Progress |
126.8 |
119.5 |
87.9 |
88.5 |
122.1 |
|
Trade Debtors |
788.9 |
749.6 |
666.8 |
607.7 |
757.3 |
|
Inter-Company Debtors |
91.0 |
93.0 |
113.4 |
43.8 |
67.3 |
|
Other Debtors |
28.1 |
23.3 |
19.2 |
28.7 |
29.8 |
|
Total Debtors |
908.0 |
866.0 |
799.3 |
680.2 |
854.4 |
|
Cash and Equivalents |
111.3 |
82.3 |
66.2 |
70.1 |
58.8 |
|
Other Current Assets |
0.0 |
5.3 |
3.5 |
0.0 |
0.0 |
|
Total Current Assets |
1,146.1 |
1,073.1 |
957.0 |
838.8 |
1,035.4 |
|
Total Assets |
1,367.3 |
1,281.4 |
1,121.8 |
996.4 |
1,245.4 |
|
Trade Creditors |
94.1 |
90.3 |
69.7 |
69.8 |
100.0 |
|
Inter-Company Creditors |
690.3 |
815.1 |
753.8 |
699.0 |
845.7 |
|
Accruals/Deferred Income (Current Liability) |
42.4 |
40.4 |
41.9 |
30.9 |
37.1 |
|
Social Security/VAT |
22.4 |
35.0 |
35.1 |
36.4 |
44.3 |
|
Corporation Tax |
18.6 |
22.6 |
19.0 |
5.7 |
13.3 |
|
Other Current Liabilities |
0.8 |
22.7 |
8.9 |
1.0 |
6.8 |
|
Total Current Liabilities |
868.6 |
1,026.0 |
928.4 |
842.8 |
1,047.1 |
|
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 |
0.0 |
2.7 |
5.6 |
0.0 |
|
Total Long Term Liabilities |
0.0 |
0.0 |
2.7 |
5.6 |
0.0 |
|
Deferred Taxation |
- |
13.0 |
8.9 |
2.1 |
4.9 |
|
Other Provisions |
10.6 |
0.0 |
0.0 |
0.0 |
8.2 |
|
Total Provisions |
10.6 |
13.0 |
8.9 |
2.1 |
13.2 |
|
Issued Capital |
183.8 |
0.6 |
0.4 |
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 |
304.2 |
241.8 |
181.4 |
145.7 |
184.9 |
|
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 |
488.0 |
242.4 |
181.8 |
145.9 |
185.1 |
|
Net Worth |
485.0 |
239.3 |
180.2 |
145.4 |
183.8 |
|
|
|
Annual Cash Flows |
|
Financials in: USD (mil) |
|
|
03-Mar-2012 |
26-Feb-2011 |
27-Feb-2010 |
28-Feb-2009 |
01-Mar-2008 |
|
Period Length |
53 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
53 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate (Period Average) |
0.625763 |
0.647435 |
0.631366 |
0.575434 |
0.499516 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
|
|
Annual Ratios |
|
Financials in: USD (mil) |
|
|
03-Mar-2012 |
26-Feb-2011 |
27-Feb-2010 |
28-Feb-2009 |
01-Mar-2008 |
|
Period Length |
53 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
53 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.626833 |
0.6222 |
0.656858 |
0.701582 |
0.502715 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
1.32 |
1.05 |
1.03 |
1.00 |
0.99 |
|
Liquidity Ratio |
1.17 |
0.93 |
0.94 |
0.89 |
0.87 |
|
Stock Turnover |
874.00 |
884.00 |
1,108.00 |
978.00 |
891.00 |
|
Credit Period (Days) |
25,989.00 |
25,892.00 |
24,979.00 |
25,614.00 |
25,387.00 |
|
Working Capital by Sales |
2,504.00% |
445.00% |
293.00% |
-46.00% |
-108.00% |
|
Trade Credit by Debtors |
12.00 |
12.00 |
10.00 |
11.00 |
13.00 |
|
Return on Capital |
2,724.00% |
5,074.00% |
5,997.00% |
5,752.00% |
4,278.00% |
|
Return on Assets |
993.00% |
1,011.00% |
1,034.00% |
887.00% |
681.00% |
|
Profit Margin |
1,226.00% |
1,226.00% |
1,191.00% |
1,021.00% |
779.00% |
|
Return on Shareholders Funds |
2,783.00% |
5,346.00% |
6,382.00% |
6,057.00% |
4,583.00% |
|
Borrowing Ratio |
14,234.00% |
34,057.00% |
41,830.00% |
48,062.00% |
46,007.00% |
|
Equity Gearing |
3,569.00% |
1,892.00% |
1,620.00% |
1,464.00% |
1,486.00% |
|
Interest Coverage |
697.00 |
559.00 |
707.00 |
200.00 |
143.00 |
|
Sales by Tangible Assets |
618.00 |
636.00 |
674.00 |
620.00 |
591.00 |
|
Average Remuneration per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Profit per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Sales per Employee |
0.3 |
0.3 |
0.3 |
0.3 |
0.4 |
|
Capital Employed per Employee |
0.2 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Tangible Assets per Employee |
0.1 |
0.1 |
0.0 |
0.0 |
0.1 |
|
Total Assets per Employee |
0.4 |
0.4 |
0.4 |
0.3 |
0.4 |
|
Employee Remuneration by Sales |
1,027.00% |
978.00% |
1,075.00% |
1,070.00% |
1,381.00% |
|
Creditor Days (Cost of Sales Based) |
6,483.00 |
6,674.00 |
5,346.00 |
6,192.00 |
7,374.00 |
|
Creditor Days (Sales Based) |
3,099.00 |
3,118.00 |
2,613.00 |
2,942.00 |
3,352.00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.96 |
|
|
1 |
Rs.101.14 |
|
Euro |
1 |
Rs.85.33 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.