MIRA
INFORM REPORT
|
Report Date : |
25.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
ARGOS LTD |
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Registered Office : |
Avebury, 489 499 Avebury Boulevard, Milton Keynes, MK9 2NW |
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Country : |
United Kingdom |
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Financials (as on) : |
03.03.2012 |
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Date of Incorporation : |
13.11.1972 |
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Com. Reg. No.: |
01081551 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
Subject is engaged in the online sales of various general household
merchandise and products |
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No. of Employees : |
29,128 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 (31.03.2012) |
Current Rating (30.06.2012) |
|
United Kingdom |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
Argos Ltd.
223-225 Balham High Road
London, SW17 7BQ
United Kingdom
(Trading Address)
Registered Address
Tel: 0845 165 7401
Fax: 0845 640 0755
Web: www.argos.co.uk
Synthesis
Employees: 29,128
Company Type: Private Subsidiary
Corporate Family: 496
Companies
Ultimate Parent: Home Retail Group Plc
Quoted Status: Non-quoted Company
Incorporation Date:
13-Nov-1972
Auditor: PricewaterhouseCoopers LLP
Financials in: USD
(Millions)
Fiscal Year End:
03-Mar-2012
Reporting Currency: British
Pound Sterling
Annual Sales: 5,992.5 1
Net Income: (14.7)
Total Assets: 4,925.8
Business Description
Established in 1973, Argos Ltd. specialises in the online sales of
various general household merchandise and products. The company sells a range
of consumer and household electrical goods. It also offers a variety of
furniture, household appliances, and gardening and outdoor equipment. In
addition, the company offers a variety of toys, sports goods and jewellery
items online. It also provides various types of kitchen and bathroom fittings
and accessories. Additionally, the company offers a range of in-house
financial, credit and insurance products. It also provides home delivery, and
Internet and telephone ordering services.
Industry
Industry Retail (Grocery)
ANZSIC 2006: 4279 - Other
Store-Based Retailing Not Elsewhere Classified
NACE 2002: 5212 - Other
retail sale in non-specialised stores
NAICS 2002: 4451 - Grocery
Stores
UK SIC 2003: 5212 - Other
retail sale in non-specialised stores
UK SIC 2007: 4719 - Other
retail sale in non-specialised stores
US SIC 1987: 5399 -
Miscellaneous General Merchandise Stores
Key Executives
|
Name |
Title |
|
Terence Duddy |
Group Chief Executive Officer & Director |
|
Richard John Ashton |
Finance Director |
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Adrian Burleton |
Director, Business Development & Multichannel |
|
Philip Alexander Parker |
Company Secretary |
|
Abigail Miller |
Health & Safety Manager |
News
|
Title |
Date |
|
Weekend: Puzzles: SOLUTIONS |
23-Feb-2013 |
|
Nadeau, Hawks claw back to beat Great
Falls |
22-Feb-2013 |
|
Russian Sistema negotiates price of up to
EUR150m for Argos buy |
22-Feb-2013 |
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Sistema: Takeover talks for Argos Group
under way |
22-Feb-2013 |
|
Ace appliances |
22-Feb-2013 |
Financial Summary
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Registered No.(UK): 01081551
Parent Registered No.(UK): 05860214
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6257634
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6268327
Corporate Overview
Location
223-225 Balham High Road
London, SW17 7BQ
London County
United Kingdom
Tel: 0845 165 7401
Fax: 0845 640 0755
Web: www.argos.co.uk
Sales GBP(mil): 3,749.9
Assets GBP(mil): 3,087.6
Employees: 29,128
Fiscal Year End: 03-Mar-2012
Industry: Retail (Grocery)
Registered
Address:
Avebury
489 499 Avebury Boulevard
Milton Keynes, MK9 2NW
United Kingdom
Incorporation Date: 13-Nov-1972
Company Type: Private Subsidiary
Quoted Status: Not Quoted
Registered No.(UK): 01081551
Parent Registered No.(UK): 05860214
Group Chief
Executive Officer & Director:
Terence Duddy
Contents
Industry Codes
Business Description
Financial Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
4279 - Other Store-Based Retailing Not Elsewhere Classified
6999 - Other Professional, Scientific and Technical Services Not
Elsewhere Classified
421 - Furniture, Floor Coverings, Houseware and Textile Goods
Retailing
4221 - Electrical, Electronic and Gas Appliance Retailing
NACE 2002 Codes:
5212 - Other retail sale in non-specialised stores
5245 - Retail sale of electrical household appliances and radio
and television goods
7487 - Other business activities not elsewhere classified
5244 - Retail sale of furniture, lighting equipment and household
articles not elsewhere classified
NAICS 2002 Codes:
4451 - Grocery Stores
5619 - Other Support Services
44311 - Appliance, Television, and Other Electronics Stores
442 - Furniture and Home Furnishings Stores
US SIC 1987:
5399 - Miscellaneous General Merchandise Stores
5722 - Household Appliance Stores
7389 - Business Services, Not Elsewhere Classified
57 - Home Furniture, Furnishings, and
Equipment Stores
UK SIC 2003:
5212 - Other retail sale in non-specialised stores
5245 - Retail sale of electrical household appliances and radio
and television goods
5244 - Retail sale of furniture, lighting equipment and household
articles not elsewhere classified
7487 - Other business activities not elsewhere classified
UK SIC 2007:
4719 - Other retail sale in non-specialised stores
4754 - Retail sale of electrical household appliances in
specialised stores
8299 - Other business support service activities n.e.c.
47599 - Retail sale of furniture, lighting equipment and other household
articles (other than musical instruments) n.e.c., in specialised stores
Business
Description
Established in
1973, Argos Ltd. specialises in the online sales of various general household
merchandise and products. The company sells a range of consumer and household
electrical goods. It also offers a variety of furniture, household appliances,
and gardening and outdoor equipment. In addition, the company offers a variety
of toys, sports goods and jewellery items online. It also provides various
types of kitchen and bathroom fittings and accessories. Additionally, the
company offers a range of in-house financial, credit and insurance products. It
also provides home delivery, and Internet and telephone ordering services.
More Business Descriptions
Founded in 1973,
Argos Ltd. is one of the United Kingdom's leading general merchandise
retailers. Owned by GUS PLC and part of the Argos Retail Group, Argos maintains
more than 650 stores throughout the UK and Republic of Ireland. It is one of
the UK’s top retailers for beds and bedroom furniture, dining furniture, home
office furniture, occasional furniture, small kitchen appliances, toys and
watches. It is also a leading do-it-yourself marketer, providing gardening and
consumer electronics and a significant market share in jewellery and sports
equipment. The company employs more than 23,000 people. GUS PL is a retail and
business services group. Its activities comprise general merchandise retailing
through Argos Retail Group and information and customer relationship management
services through Experian. Argos Ltd. maintains its head office in Milton
Keynes, Buckinghamshire. (Updated by OneSource Information Services)
Retail trade in consumer goods
Catalog Retailing
Catalogue Shops
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Corporate Family |
Corporate
Structure News: |
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Home
Retail Group Plc |
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Argos Ltd. |
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Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
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|
Parent |
Central Milton Keynes |
United Kingdom |
Retail (Department and Discount) |
8,921.6 |
50,254 |
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|
Subsidiary |
Dublin |
Ireland |
Retail (Grocery) |
6,596.0 |
31,615 |
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|
Subsidiary |
Dublin |
Ireland |
Retail (Grocery) |
296.6 |
1,448 |
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|
Subsidiary |
Dublin |
Ireland |
Retail (Catalog and Mail Order) |
281.7 |
1,343 |
|
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|
Subsidiary |
Dublin |
Ireland |
Retail (Home Improvement) |
77.5 |
597 |
|
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|
Subsidiary |
Bolton |
United Kingdom |
Consumer Financial Services |
172.0 |
|
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|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Business Services |
0.0 |
|
|
|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Retail (Grocery) |
18.8 |
216 |
|
|
|
Subsidiary |
Belfast |
United Kingdom |
Retail (Specialty) |
57.9 |
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|
Subsidiary |
Milton Keynes |
United Kingdom |
Consumer Financial Services |
117.9 |
274 |
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Subsidiary |
Milton Keynes |
United Kingdom |
Commercial Banks |
16.2 |
7 |
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Subsidiary |
Milton Keynes |
United Kingdom |
Consumer Financial Services |
1.0 |
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Subsidiary |
Milton Keynes |
United Kingdom |
Business Services |
0.0 |
|
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Subsidiary |
London |
United Kingdom |
Retail (Grocery) |
5,992.5 |
29,128 |
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|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Commercial Banks |
36.1 |
91 |
|
|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Business Services |
0.0 |
|
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|
Subsidiary |
Manchester |
United Kingdom |
Commercial Banks |
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Subsidiary |
Milton Keynes |
United Kingdom |
Commercial Banks |
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Subsidiary |
Birmingham |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Milton Keynes |
United Kingdom |
Nonclassifiable Industries |
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10 |
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Subsidiary |
Milton Keynes |
United Kingdom |
Nonclassifiable Industries |
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|
Subsidiary |
Milton Keynes |
United Kingdom |
Nonclassifiable Industries |
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|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Nonclassifiable Industries |
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|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Nonclassifiable Industries |
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|
Subsidiary |
Milton Keynes |
United Kingdom |
Retail (Home Improvement) |
|
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|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Commercial Banks |
|
|
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|
Subsidiary |
Milton Keynes |
United Kingdom |
Business Services |
|
2 |
|
|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Retail (Grocery) |
2,313.7 |
17,361 |
|
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Subsidiary |
Milton Keynes |
United Kingdom |
Business Services |
|
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Subsidiary |
Belfast |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Milton Keynes |
United Kingdom |
Business Services |
|
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|
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Subsidiary |
Milton Keynes |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
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Subsidiary |
Milton Keynes |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Retail (Home Improvement) |
|
|
|
|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Milton Keynes |
United Kingdom |
Commercial Banks |
|
|
|
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Subsidiary |
Milton Keynes |
United Kingdom |
Business Services |
|
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|
Subsidiary |
Milton Keynes |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Milton Keynes |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Milton Keynes |
United Kingdom |
Commercial Banks |
|
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|
Subsidiary |
Milton Keynes |
United Kingdom |
Nonclassifiable Industries |
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|
Subsidiary |
Milton Keynes |
United Kingdom |
Business Services |
|
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|
Subsidiary |
Milton Keynes |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Milton Keynes |
United Kingdom |
Business Services |
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Subsidiary |
Belfast |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Milton Keynes |
United Kingdom |
Commercial Banks |
|
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Subsidiary |
Milton Keynes |
United Kingdom |
Construction Services |
|
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Subsidiary |
Milton Keynes |
United Kingdom |
Business Services |
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Subsidiary |
Milton Keynes |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Milton Keynes |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Milton Keynes |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Milton Keynes |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Milton Keynes |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Milton Keynes |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Milton Keynes |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Milton Keynes |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Milton Keynes |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Milton Keynes |
United Kingdom |
Investment Services |
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Subsidiary |
Milton Keynes |
United Kingdom |
Business Services |
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Subsidiary |
Milton Keynes |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Manchester |
United Kingdom |
Business Services |
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Subsidiary |
Milton Keynes |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Milton Keynes |
United Kingdom |
Business Services |
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Subsidiary |
Belfast |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Tsim Tsa Tsui, Kowloon |
Hong Kong |
Miscellaneous Capital Goods |
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Executive report
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Board of
Directors |
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Group Chief Executive Officer & Director |
Director/Board Member |
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Company Secretary |
Director/Board Member |
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Director |
Director/Board Member |
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Executives |
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Group Chief Executive Officer & Director |
Chief Executive Officer |
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Managing Director |
Division Head Executive |
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Health & Safety Manager |
Environment/Safety Executive |
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Company Secretary |
Company Secretary |
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Finance Director |
Finance Executive |
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Finance Director |
Finance Executive |
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Payroll/Wages Officer |
Benefits & Compensation Executive |
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Head of Compensation & Benefits |
Benefits & Compensation Executive |
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HR Manager |
Human Resources Executive |
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HR Director |
Human Resources Executive |
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HR Manager |
Human Resources Executive |
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Marketing Director |
Marketing Executive |
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Marketing Director |
Marketing Executive |
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Marketing Manager |
Marketing Executive |
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Communications Director |
Corporate Communications Executive |
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PR Director |
Public Relations Executive |
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PR Manager |
Public Relations Executive |
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Manager-Advertising |
Advertising Executive |
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Head-Brand Marketing |
Product Management Executive |
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Director, Business Development & Multichannel |
Business Development Executive |
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Commercial Director |
Commercial Executive |
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Shrinkage & Compliance Controller |
Legal Executive |
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Director, Retail |
Merchandise Management Executive |
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Directors
and Shareholders Report
|
Main Office Address: |
Tel: 0845
165 7401 |
Annual Return Date: 01
Feb 2012 |
|
Individual Directors |
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|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of
Directorships |
|
|
Maria Philomena |
Current |
19 Oct 1956 |
29 Brookland Rise, London, |
14 Jul 2000 |
NA |
Current:5 |
|
|
Richard John |
Current |
31 May 1966 |
Avebury, 489- 499 Avebury Boulevard, |
14 Dec 2001 |
NA |
Current:12 |
|
|
Matthew George |
Current |
25 May 1971 |
Little Hill House, 1 Litchfield Close, |
12 Jul 2004 |
NA |
Current:19 |
|
|
John Carl |
Current |
07 Jan 1960 |
Avebury, 489-499 Avebury Boulevard, |
18 Apr 2012 |
NA |
Current:1 |
|
|
Terence |
Current |
07 Apr 1956 |
Little Pollards Pollards Park, Nightingales Lane, |
09 Sep 1998 |
NA |
Current:9 |
|
|
Previous |
17 Mar 1949 |
149 Rosendale Road, |
09 Feb 1998 |
05 May 1998 |
Current:0 |
|
|
|
Previous |
04 Jun 1969 |
11 Norham Road, |
01 Jun 2001 |
05 Mar 2004 |
Current:0 |
|
|
|
Previous |
18 Apr 1970 |
4 Whaddon Hall, High Street Whaddon, |
06 Apr 2001 |
12 Jul 2004 |
Current:0 |
|
|
|
Previous |
01 Jun 1937 |
Upper Farm Meadow, Gaydon, |
NA |
30 May 1997 |
Current:0 |
|
|
|
Previous |
14 May 1952 |
24 Warmington Gardens, Downhead Park, |
NA |
30 Sep 1995 |
Current:0 |
|
|
|
Previous |
27 Aug 1944 |
William Burt Close, Weston Turville, |
NA |
03 Apr 1997 |
Current:0 |
|
|
|
Previous |
29 Jul 1957 |
1 Rothsay Road, |
06 May 1998 |
14 May 1999 |
Current:0 |
|
|
|
Previous |
27 Apr 1949 |
Gibbs Cottage 12 Southam Street, Kineton, |
NA |
30 Jun 1995 |
Current:1 |
|
|
|
Previous |
26 Nov 1943 |
Rustling End 6 The Maples, Silsoe, |
NA |
30 Apr 1998 |
Current:0 |
|
|
|
Previous |
16 Nov 1941 |
11 Pemberley Avenue, |
01 Feb 1993 |
31 Jul 1996 |
Current:0 |
|
|
|
Previous |
28 Feb 1961 |
Bacton Grange, Rectory Road, |
30 Jul 1999 |
19 Feb 2003 |
Current:4 |
|
|
|
Previous |
29 Jul 1952 |
25 Bradden Road, Greens Norton, |
01 Jan 1998 |
04 May 2000 |
Current:0 |
|
|
|
Previous |
12 Nov 1944 |
15 The Ridings, Chesham Bois, |
09 Aug 1996 |
12 May 1998 |
Current:0 |
|
|
|
Previous |
09 Nov 1935 |
The Bedford Office, Woburn, |
10 May 1998 |
26 Jul 2000 |
Current:6 |
|
|
|
Previous |
18 May 1947 |
4 Pennycuik, Pound Hill, |
06 Apr 1999 |
19 Feb 2003 |
Current:2 |
|
|
|
Previous |
30 Dec 1943 |
Priest House Fosse Way, Moreton Paddox, |
01 Feb 1993 |
01 Feb 2000 |
Current:0 |
|
|
|
Previous |
30 Oct 1956 |
7 Chapel Close, |
01 Feb 1993 |
30 Nov 1998 |
Current:0 |
|
|
|
Previous |
27 Sep 1955 |
34 Barns Dene, |
01 Nov 1995 |
06 May 1998 |
Current:0 |
|
|
|
Previous |
04 Jan 1945 |
135 Reddenhill Road, |
01 Feb 1993 |
04 Jan 2000 |
Current:1 |
|
|
|
Previous |
29 Feb 1948 |
No 1 Park Row, Leeds, |
06 May 1998 |
17 Sep 1998 |
Current:3 |
|
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Previous |
21 Feb 1959 |
Rushey Ford House, West End Road Box End, |
06 May 1998 |
22 Aug 2001 |
Current:5 |
|
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|
Previous |
30 Aug 1948 |
The Long House, Deanfoot Road, |
09 Aug 1996 |
19 Apr 2007 |
Current:2 |
|
|
|
Previous |
13 Jul 1956 |
Lavender House, The Avenue, |
01 Feb 1993 |
31 Dec 2009 |
Current:4 |
|
|
|
Previous |
21 Dec 1964 |
Clare Court, Rye Street, |
12 Jan 2001 |
29 Sep 2003 |
Current:1 |
|
|
|
Previous |
17 May 1948 |
30 Aylesbury Road, Wendover, |
01 Feb 1993 |
31 Mar 1999 |
Current:4 |
|
|
|
Previous |
27 Jan 1956 |
Avebury, 489-499 Avebury Boulevard, |
29 Mar 2010 |
18 Apr 2012 |
Current:1 |
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|
Previous |
01 Aug 1961 |
Avebury, 489-499 Avebury Boulevard, |
12 Jul 2004 |
01 Jun 2011 |
Current:7 |
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Corporate Directors |
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There are no corporate directors for this company. |
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Individual Secretaries |
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|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
20 Jun 1952 |
21 Arthir Street, Belfast, |
29 Oct 2007 |
NA |
Current:103 |
|
|
|
Previous |
23 Sep 1965 |
Griffin Brewery, Chiswick Lane South, |
NA |
18 Aug 1995 |
Current:10 |
|
|
|
Previous |
29 Jul 1957 |
1 Rothsay Road, |
NA |
15 May 1997 |
Current:0 |
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|
Previous |
11 Aug 1959 |
Avebury, 489- 499 Avebury Boulevard, |
02 Apr 2007 |
10 Jan 2008 |
Current:5 |
|
|
|
Previous |
05 Feb 1956 |
The Stone House, Welford Road, |
15 May 1997 |
02 Apr 2007 |
Current:0 |
|
|
|
Previous |
NA |
32 Old Oak Drive, |
03 Nov 1994 |
12 May 2009 |
Current:0 |
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Corporate Secretaries |
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There are no corporate secretaries for this company. |
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Individual Shareholders |
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There are no individual shareholders for this company. |
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Corporate Shareholders |
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Company Name |
Registration Number |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
05860214 |
400 Deferred GBP 0.25 |
Deferred |
400 |
0.25 |
100.00 |
100.00 |
|
|
|
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Annual
Profit & Loss
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
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 |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.625763 |
0.647435 |
0.631366 |
0.575434 |
0.499516 |
|
Consolidated |
Yes |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Total Turnover |
5,992.5 |
6,196.9 |
6,596.0 |
7,049.2 |
8,207.5 |
|
Cost of Sales |
4,451.2 |
4,574.3 |
4,818.8 |
5,039.0 |
5,724.2 |
|
Gross Profit |
1,541.3 |
1,622.5 |
1,777.1 |
2,010.2 |
2,483.3 |
|
Depreciation |
0.1 |
94.4 |
106.7 |
181.8 |
185.2 |
|
Other Expenses |
1,447.9 |
1,350.3 |
1,452.5 |
1,604.9 |
1,857.9 |
|
Operating Profit |
93.4 |
- |
- |
- |
- |
|
Other Income |
80.1 |
81.6 |
136.5 |
39.9 |
504.7 |
|
Interest Paid |
146.2 |
110.0 |
71.3 |
127.2 |
205.5 |
|
Exceptional Income |
0.0 |
0.0 |
-28.9 |
-655.9 |
-43.8 |
|
Discontinued Operations |
- |
- |
- |
0.0 |
0.0 |
|
Profit Before Taxes |
27.2 |
243.8 |
360.9 |
-337.9 |
880.8 |
|
Tax Payable / Credit |
41.9 |
67.1 |
106.5 |
57.5 |
173.4 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
- |
- |
- |
0.0 |
0.0 |
|
Profit After Taxes |
-14.7 |
176.7 |
254.4 |
-395.4 |
707.4 |
|
Minority Interests (Profit & Loss) |
- |
- |
- |
0.0 |
0.0 |
|
Audit Fees |
0.3 |
0.3 |
0.3 |
0.3 |
0.5 |
|
Number of Employees |
29,128 |
32,060 |
31,615 |
31,828 |
31,789 |
|
Wages |
609.3 |
672.9 |
710.4 |
756.0 |
849.5 |
|
Social Security Costs |
35.6 |
33.3 |
39.9 |
43.0 |
48.4 |
|
Pensions |
- |
- |
- |
- |
0.0 |
|
Other Pension Costs |
40.6 |
42.3 |
54.2 |
68.5 |
93.4 |
|
Employees Remuneration |
685.5 |
748.4 |
804.5 |
867.4 |
991.2 |
|
Directors Emoluments |
- |
- |
- |
- |
11.2 |
|
Other Costs |
- |
- |
- |
- |
0.0 |
|
Directors Remuneration |
5.9 |
6.6 |
13.2 |
5.1 |
11.2 |
|
Highest Paid Director |
1.8 |
1.8 |
7.1 |
1.5 |
3.7 |
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 |
Yes |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Land & Buildings |
181.4 |
188.1 |
188.1 |
- |
- |
|
Fixtures & Fittings |
0.0 |
0.0 |
0.0 |
- |
- |
|
Plant & Vehicles |
296.1 |
303.5 |
308.8 |
- |
- |
|
Total Tangible Fixed Assets |
477.6 |
491.5 |
497.0 |
608.6 |
894.9 |
|
Intangible Assets |
247.2 |
231.4 |
195.6 |
80.8 |
76.6 |
|
Investments |
835.0 |
816.4 |
779.7 |
702.8 |
1,653.3 |
|
Total Fixed Assets |
1,559.8 |
1,539.3 |
1,472.2 |
1,392.1 |
2,624.8 |
|
Stocks |
1,089.9 |
1,241.8 |
1,041.7 |
944.3 |
1,437.4 |
|
Work in Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
1,089.9 |
1,241.8 |
1,041.7 |
944.3 |
1,437.4 |
|
Trade Debtors |
20.3 |
39.7 |
40.3 |
40.6 |
100.1 |
|
Inter-Company Debtors |
2,118.7 |
2,516.2 |
1,672.4 |
1,425.2 |
1,635.0 |
|
Director Loans |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Other Debtors |
66.8 |
63.4 |
66.0 |
187.6 |
144.8 |
|
Total Debtors |
2,205.8 |
2,619.3 |
1,778.7 |
1,653.4 |
1,879.9 |
|
Cash and Equivalents |
50.7 |
46.0 |
85.8 |
0.0 |
61.6 |
|
Other Current Assets |
19.5 |
6.8 |
131.4 |
0.0 |
119.8 |
|
Total Current Assets |
3,366.0 |
3,914.0 |
3,037.7 |
2,597.7 |
3,498.7 |
|
Total Assets |
4,925.8 |
5,453.3 |
4,509.9 |
3,989.8 |
6,123.6 |
|
Trade Creditors |
485.3 |
477.2 |
462.8 |
405.2 |
570.2 |
|
Bank Overdraft |
62.9 |
554.8 |
11.0 |
116.6 |
- |
|
Inter-Company Creditors |
1,496.1 |
1,451.7 |
186.0 |
154.7 |
313.1 |
|
Director Loans (Current Liability) |
0.0 |
0.0 |
- |
- |
- |
|
Hire Purchase (Current Liability) |
0.0 |
0.0 |
- |
- |
- |
|
Finance Lease (Current Liability) |
0.0 |
0.0 |
- |
- |
- |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.0 |
0.0 |
- |
- |
- |
|
Total Short Term Loans |
0.0 |
0.0 |
- |
- |
- |
|
Accruals/Deferred Income (Current Liability) |
355.9 |
383.1 |
414.4 |
305.8 |
473.3 |
|
Social Security/VAT |
27.2 |
53.8 |
26.5 |
16.5 |
41.5 |
|
Corporation Tax |
14.1 |
20.4 |
27.4 |
- |
33.7 |
|
Dividends (Current Liability) |
- |
- |
- |
22.9 |
- |
|
Other Current Liabilities |
113.6 |
201.0 |
93.6 |
80.2 |
122.3 |
|
Total Current Liabilities |
2,555.1 |
3,141.9 |
1,221.6 |
1,101.9 |
1,554.1 |
|
Group Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
1,206.8 |
1,684.1 |
|
Director Loans (Long Term Liability) |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Hire Purchase (Long Term Liability) |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Leasing (Long Term Liability) |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Total Hire Purchase Loans (Long Term Liability) |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Other Long Term Loans |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Accruals/Deferred Income (Long Term Liability) |
33.4 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Liabilities |
0.0 |
0.0 |
1,326.9 |
0.0 |
0.0 |
|
Total Long Term Liabilities |
33.4 |
0.0 |
1,326.9 |
1,206.8 |
1,684.1 |
|
Deferred Taxation |
10.1 |
17.7 |
31.1 |
- |
35.8 |
|
Other Provisions |
213.2 |
21.9 |
13.8 |
106.0 |
24.5 |
|
Total Provisions |
223.3 |
39.7 |
44.9 |
106.0 |
60.4 |
|
Issued Capital |
996.4 |
1,003.8 |
950.8 |
890.2 |
1,242.4 |
|
Share Premium Accounts |
82.5 |
83.1 |
78.8 |
73.7 |
102.9 |
|
Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
1,035.0 |
1,083.2 |
849.2 |
590.6 |
1,474.5 |
|
Other Reserves |
0.0 |
101.6 |
37.7 |
20.6 |
5.2 |
|
Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Shareholders Funds |
2,114.0 |
2,271.8 |
1,916.5 |
1,575.1 |
2,825.0 |
|
Net Worth |
1,866.7 |
2,040.4 |
1,720.9 |
1,494.4 |
2,748.4 |
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 |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.625763 |
0.647435 |
0.631366 |
0.575434 |
0.499516 |
|
Consolidated |
Yes |
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 |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.626833 |
0.6222 |
0.656858 |
0.701582 |
0.502715 |
|
Consolidated |
Yes |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
1.32 |
1.25 |
2.49 |
2.36 |
2.25 |
|
Liquidity Ratio |
0.89 |
0.85 |
1.63 |
1.50 |
1.33 |
|
Stock Turnover |
5.39 |
5.19 |
6.09 |
6.12 |
5.67 |
|
Credit Period (Days) |
1.26 |
2.25 |
2.32 |
2.56 |
4.48 |
|
Working Capital by Sales |
13.81% |
11.97% |
28.64% |
25.87% |
23.85% |
|
Trade Credit by Debtors |
23.86 |
12.01 |
11.47 |
9.99 |
5.69 |
|
Return on Capital |
1.12% |
10.98% |
10.55% |
-9.60% |
19.15% |
|
Return on Assets |
0.54% |
4.65% |
7.69% |
-6.95% |
14.29% |
|
Profit Margin |
0.45% |
3.93% |
5.47% |
-4.79% |
10.73% |
|
Return on Shareholders Funds |
1.26% |
11.17% |
18.10% |
-17.59% |
30.98% |
|
Borrowing Ratio |
83.52% |
98.34% |
11.44% |
98.91% |
72.67% |
|
Equity Gearing |
42.92% |
41.66% |
42.50% |
39.48% |
46.13% |
|
Debt Gearing |
- |
- |
- |
80.75% |
61.28% |
|
Interest Coverage |
0.19 |
2.22 |
5.06 |
-2.66 |
4.29 |
|
Sales by Tangible Assets |
12.29 |
13.12 |
12.76 |
9.50 |
9.11 |
|
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 |
0.2 |
0.2 |
0.2 |
0.2 |
0.3 |
|
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 |
0.2 |
0.2 |
0.1 |
0.1 |
0.2 |
|
Employee Remuneration by Sales |
11.44% |
12.08% |
12.20% |
12.31% |
12.08% |
|
Creditor Days (Cost of Sales Based) |
40.63 |
36.59 |
36.47 |
35.79 |
36.59 |
|
Creditor Days (Sales Based) |
30.18 |
27.01 |
26.64 |
25.58 |
25.52 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.43 |
|
UK Pound |
1 |
Rs.83.20 |
|
Euro |
1 |
Rs.71.91 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.