MIRA INFORM REPORT

 

 

Report Date :

22.03.2013

 

IDENTIFICATION DETAILS

 

Name :

EDINBURGH WOOLLEN MILL LTD. (THE)

 

 

Registered Office :

Waverley Mills Langholm, DG13 0EB

 

 

Country :

United Kingdom

 

 

Financials (as on) :

25.03.2012

 

 

Date of Incorporation :

27.04.1946

 

 

Com. Reg. No.:

SC024081

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Retail sale of clothing

 

 

No. of Employees :

3,773

 

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 :

Usually Correct

Litigation :

Clear

 

 

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2011)

Current Rating

(30.06.2012)

United Kingdom

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

UNITED KINGDOM - ECONOMIC OVERVIEW

 

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

Source : CIA


Company name and address

Top of Form

Bottom of Form

Top of Form

 

Edinburgh Woollen Mill Ltd. (The)

                                                                                                                                               

 

Waverley Mills

 

 

Langholm, DG13 0EB

United Kingdom

(Trading Address)
Registered Address

 

 

Tel:

01387380611

Fax:

01387380920

 

www.ewm.co.uk

 

Employees:

3,773

Company Type:

Private Subsidiary

Corporate Family:

216 Companies

Ultimate Parent:

The Edinburgh Woollen Mill (Group) Ltd.

 

 

Quoted Status:

Non-quoted Company

Incorporation Date:

27-Apr-1946

Auditor:

KPMG LLP

Financials in:

 USD (mil)

Fiscal Year End:

25-Feb-2012

Reporting Currency:

British Pound Sterling

Annual Sales:

258.5  1

Net Income:

30.4

Total Assets:

312.6

                                

Business Description                  

 

Edinburgh Woollen Mill Ltd. (The) is a subsidiary of The Edinburgh Woollen Mill (Group) Ltd., one of the largest Scottish retail groups, boasting an annual turnover of £175 million. The group operates nearly 300 shops, with representation in most towns throughout the United Kingdom. Employing more than 3,000 people, Edinburgh Woollen Mill’s history dates back to 1798. The group markets ladieswear and menswear at nearly 200 mainstream high street stores. Edinburgh Woollen Mill also maintains nearly 95 speciality tourist stores offering gifts and themed products. Additionally, the group consists of nearly 30 destination sites containing the Edinburgh Woollen Mill’s concepts and other retail brands. Edinburgh Woollen Mill Ltd. (The) maintains a location in Langholm, Dumfriesshire.

          

Industry                                                                                                                                

 

Industry

Retail (Apparel)

ANZSIC 2006:

4251 - Clothing Retailing

NACE 2002:

5242 - Retail sale of clothing

NAICS 2002:

4481 - Clothing Stores

UK SIC 2003:

5242 - Retail sale of clothing

UK SIC 2007:

4771 - Retail sale of clothing in specialised stores

US SIC 1987:

5651 - Family Clothing Stores

                      

Key Executives           

   

 

Name

Title

Philip Day

Chief Executive Officer

David Read

Marketing Manager

June Carruthers

Company Secretary

Ed Samson

IT Director

Pam Hisley

Health & Safety Manager

 

   Financial Summary                                

 

FYE: 25-Feb-2012

USD (mil)

Key Figures

 

Current Assets

296.88

Fixed Assets

15.77

Total Liabilities

33.09

Net Worth

265.56

 

Key Ratios

 

Current Ratio

8.97

Acid Test

7.92

Debt Gearing

2.68

 

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6255556
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6369712

 

 

Corporate Overview

 

Location
Waverley Mills
Langholm, DG13 0EB
Dumfries & Galloway County
United Kingdom

 

Tel:

01387380611

Fax:

01387380920

 

www.ewm.co.uk

Sales GBP(mil):

161.7

Assets GBP(mil):

199.1

Employees:

3,773

Fiscal Year End:

25-Feb-2012

 

Industry:

Retail (Apparel)

Registered Address:
Waverley Mills
Langholm, DG13 0EB
United Kingdom

 

Incorporation Date:

27-Apr-1946

Company Type:

Private Subsidiary

Quoted Status:

Not Quoted

Registered No.(UK):

SC024081

 

Chief Executive Officer:

Philip Day

 

 

Industry Codes

 

ANZSIC 2006 Codes:

4251

-

Clothing Retailing

 

NACE 2002 Codes:

5242

-

Retail sale of clothing

 

NAICS 2002 Codes:

4481

-

Clothing Stores

 

US SIC 1987:

5651

-

Family Clothing Stores

 

UK SIC 2003:

5242

-

Retail sale of clothing

 

UK SIC 2007:

4771

-

Retail sale of clothing in specialised stores

 

 

Business Description

Edinburgh Woollen Mill Ltd. (The) is a subsidiary of The Edinburgh Woollen Mill (Group) Ltd., one of the largest Scottish retail groups, boasting an annual turnover of £175 million. The group operates nearly 300 shops, with representation in most towns throughout the United Kingdom. Employing more than 3,000 people, Edinburgh Woollen Mill’s history dates back to 1798. The group markets ladieswear and menswear at nearly 200 mainstream high street stores. Edinburgh Woollen Mill also maintains nearly 95 speciality tourist stores offering gifts and themed products. Additionally, the group consists of nearly 30 destination sites containing the Edinburgh Woollen Mill’s concepts and other retail brands. Edinburgh Woollen Mill Ltd. (The) maintains a location in Langholm, Dumfriesshire.

 

 

More Business Descriptions

Retail sale of gifts and clothing

 

Representative Office

 

€¦is to offer our customer quality products and brands, at an affordable price, in an environment and via staff offering knowledgeable personal service. We offer a wide selection of exclusive brands in our stores including; Isle - ageless style designed for the 50+ woman, covering her smart and casual lifestyle James Pringle - established in Scotland in 1789 and steeped in traditional heritage for menswear PG Field - authentic countrywear brand offering a complete wardrobe for the outdoor lifestyle Hector Russell - authoritative kilt makers, providing quality clothing including traditional kilts, highland dress and Scottish accessories The Cashmere shop - (an exclusive destination for luxurious soft cashmere) Proquip - Performance golf weatherwear for men and women Hippo - Men's collection of golfwear which can also be worn as leisurewear The Golf Company - Good quality golfwear for men and women Our Customer …is 45+, our range offers ‘ageless style' (whatever your age). Our Product… We are closely involved in every aspect of the product development cycle - from processing raw material, through production of yarn and cloth to the design and manufacture of the garment, and finally to the sale in our shops. By maintaining total control in this way, we have built a reputation for providing the finest quality product at the best possible value. Our Stores… The Edinburgh Woollen Mill has 265 mainstream high street stores, 88 speciality tourist shops and 27 destination sites throughout the UK. High Street - we have 265 mainstream high street stores selling ladies and menswear. Outlets are located in a wide variety of market and provincial towns, 70 per cent of which are positioned south of Birmingham. Tourist Shops and Visitor Centres - we have 88 speciality tourist stores, where gift items and other products reflect the stores location. The outlets, which trade under an individual, often local, fascia, are in key tourist locations throughout the UK - 60 per cent of which are in Scotland. Many stores are on busy tourist routes and benefit from coach visits where food service and exhibitions are all part of the attraction. Destination Shopping - There are 27 destination sites which contain all of the Group's concepts and other brands to increase their attractiveness as a retail destination. The sites trade under local, individual fascias such as Antartex Village, Masson Mill, Kernow Mill, Mackinnon Mills, and as anchor tenants in larger developments like Wilton Shopping Village. Online - Our online store opened in October 2008 and continues our commitment to providing the finest quality products at the best possible value, now available to order from the comfort of your home.

 

 

 

 

 

 

Financial Data

Financials in:

GBP(mil)

 

Revenue:

161.7

Net Income:

19.0

Assets:

199.1

Current Assets:

189.1

 

Fixed Assets:

10.0

 

Long Term Debt:

4.8

 

Total Liabilities:

25.9

 

Issued Capital:

51.3

 

Working Capital:

168.0

 

Net Worth:

169.2

 

 

 

Date of Financial Data:

25-Feb-2012

 

1 Year Growth

0.8%

NA

NA

 

Key Corporate Relationships

Auditor:

KPMG LLP

Bank:

Santander Corporate Banking

 

Auditor:

KPMG, KPMG LLP

 

Auditor History

KPMG LLP

25-Feb-2012

KPMG LLP

26-Feb-2011

KPMG LLP

27-Feb-2010

KPMG LLP

28-Feb-2009

KPMG LLP

01-Mar-2008

 

 

 

GBP(mil)

Audit Fees:

0.0

Audit Fiscal Year:

02-25-2012

 

 

 

 

 

 


 

Corporate Structure News

 

Edinburgh Woollen Mill Ltd. (The)
Total Corporate Family Members: 216

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

The Edinburgh Woollen Mill (Group) Ltd.

Parent

Langholm

United Kingdom

Business Services

392.8

4,955

Duvetco Ltd.

Subsidiary

Havant

United Kingdom

Apparel and Accessories

47.0

606

Ewm (Topco) Ltd.

Subsidiary

Carlisle

United Kingdom

Business Services

 

100

Edinburgh Woollen Mill Ltd. (The)

Subsidiary

Langholm

United Kingdom

Retail (Apparel)

258.5

3,773

The Edinburgh Woollen Mill

UK Branch/Trading address

Gretna

United Kingdom

Retail (Apparel)

258.5

149

The Edinburgh Woollen Mill

UK Branch/Trading address

Bideford

United Kingdom

Retail (Apparel)

258.5

46

The Edinburgh Woollen Mill

UK Branch/Trading address

Jedburgh

United Kingdom

Retail (Apparel)

258.5

34

The Edinburgh Woollen Mill

UK Branch/Trading address

Sherborne

United Kingdom

Retail (Apparel)

258.5

30

The Edinburgh Woollen Mill

UK Branch/Trading address

Edinburgh

United Kingdom

Retail (Apparel)

258.5

28

The Edinburgh Woollen Mill

UK Branch/Trading address

Richmond

United Kingdom

Retail (Apparel)

258.5

21

The Edinburgh Woollen Mill

UK Branch/Trading address

Coleraine

United Kingdom

Retail (Apparel)

258.5

20

The Edinburgh Woollen Mill

UK Branch/Trading address

Dorking

United Kingdom

Retail (Apparel)

258.5

20

The Woollen Mill Ltd.

Subsidiary

Edinburgh

United Kingdom

Nonclassifiable Industries

 

20

Woollen Mill Ltd.

UK Branch/Trading address

Norwich

United Kingdom

Retail (Apparel)

 

8

Woollen Mill Ltd

UK Branch/Trading address

Shaftesbury

United Kingdom

Nonclassifiable Industries

 

5

The Edinburgh Woollen Mill

UK Branch/Trading address

St Ives

United Kingdom

Retail (Apparel)

258.5

19

The Edinburgh Woollen Mill

UK Branch/Trading address

Chichester

United Kingdom

Retail (Apparel)

258.5

19

The Edinburgh Woollen Mill

UK Branch/Trading address

Sevenoaks

United Kingdom

Retail (Apparel)

258.5

18

The Edinburgh Woollen Mill

UK Branch/Trading address

Llandudno

United Kingdom

Retail (Apparel)

258.5

17

The Edinburgh Woollen Mill

UK Branch/Trading address

Salisbury

United Kingdom

Retail (Apparel)

258.5

16

The Edinburgh Woollen Mill

UK Branch/Trading address

Louth

United Kingdom

Retail (Apparel)

258.5

16

The Edinburgh Woollen Mill

UK Branch/Trading address

Dorchester

United Kingdom

Retail (Apparel)

258.5

15

The Edinburgh Woollen Mill

UK Branch/Trading address

Tewkesbury

United Kingdom

Retail (Apparel)

258.5

15

The Edinburgh Woollen Mill

UK Branch/Trading address

York

United Kingdom

Retail (Apparel)

258.5

15

The Edinburgh Woollen Mill

UK Branch/Trading address

Shrewsbury

United Kingdom

Retail (Apparel)

258.5

15

The Edinburgh Woollen Mill

UK Branch/Trading address

Harrogate

United Kingdom

Retail (Apparel)

258.5

14

The Edinburgh Woollen Mill

UK Branch/Trading address

Windsor

United Kingdom

Retail (Apparel)

258.5

13

The Edinburgh Woollen Mill

UK Branch/Trading address

Abergavenny

United Kingdom

Retail (Apparel)

258.5

12

The Edinburgh Woollen Mill

UK Branch/Trading address

Oxford

United Kingdom

Retail (Apparel)

258.5

12

The Edinburgh Woollen Mill

UK Branch/Trading address

Eastbourne

United Kingdom

Retail (Apparel)

258.5

12

The Edinburgh Woollen Mill

UK Branch/Trading address

Guildford

United Kingdom

Retail (Apparel)

258.5

12

The Edinburgh Woollen Mill

UK Branch/Trading address

Margate

United Kingdom

Retail (Apparel)

258.5

11

The Edinburgh Woollen Mill

UK Branch/Trading address

Kendal

United Kingdom

Retail (Apparel)

258.5

11

The Edinburgh Woollen Mill

UK Branch/Trading address

Lincoln

United Kingdom

Retail (Apparel)

258.5

11

The Edinburgh Woollen Mill

UK Branch/Trading address

Worcester

United Kingdom

Retail (Apparel)

258.5

11

The Edinburgh Woollen Mill

UK Branch/Trading address

Ruislip

United Kingdom

Retail (Apparel)

258.5

11

The Edinburgh Woollen Mill

UK Branch/Trading address

Newmarket

United Kingdom

Retail (Apparel)

258.5

11

The Edinburgh Woollen Mill

UK Branch/Trading address

Bridgnorth

United Kingdom

Retail (Apparel)

258.5

11

The Edinburgh Woollen Mill

UK Branch/Trading address

Cirencester

United Kingdom

Retail (Apparel)

258.5

11

The Edinburgh Woollen Mill

UK Branch/Trading address

Bridgwater

United Kingdom

Retail (Apparel)

258.5

11

The Edinburgh Woollen Mill

UK Branch/Trading address

Beverley

United Kingdom

Retail (Apparel)

258.5

10

The Edinburgh Woollen Mill

UK Branch/Trading address

Fort William

United Kingdom

Retail (Apparel)

258.5

10

The Edinburgh Woollen Mill

UK Branch/Trading address

Keswick

United Kingdom

Retail (Apparel)

258.5

10

The Edinburgh Woollen Mill

UK Branch/Trading address

York

United Kingdom

Retail (Apparel)

258.5

10

The Edinburgh Woollen Mill

UK Branch/Trading address

Inverness

United Kingdom

Retail (Apparel)

258.5

10

The Edinburgh Woollen Mill

UK Branch/Trading address

St Andrews

United Kingdom

Retail (Apparel)

258.5

10

The Edinburgh Woollen Mill

UK Branch/Trading address

Bishop's Stortford

United Kingdom

Retail (Apparel)

258.5

10

The Edinburgh Woollen Mill

UK Branch/Trading address

Braintree

United Kingdom

Retail (Apparel)

258.5

10

The Edinburgh Woollen Mill

UK Branch/Trading address

Wokingham

United Kingdom

Retail (Apparel)

258.5

10

The Edinburgh Woollen Mill

UK Branch/Trading address

Durham

United Kingdom

Retail (Apparel)

258.5

10

The Edinburgh Woollen Mill

UK Branch/Trading address

Castleford

United Kingdom

Retail (Apparel)

258.5

10

The Edinburgh Woollen Mill

UK Branch/Trading address

Altrincham

United Kingdom

Retail (Apparel)

258.5

10

The Edinburgh Woollen Mill

UK Branch/Trading address

Wells

United Kingdom

Retail (Apparel)

258.5

10

The Edinburgh Woollen Mill

UK Branch/Trading address

Truro

United Kingdom

Retail (Apparel)

258.5

10

The Edinburgh Woollen Mill

UK Branch/Trading address

Street

United Kingdom

Retail (Apparel)

258.5

10

The Edinburgh Woollen Mill

UK Branch/Trading address

Evesham

United Kingdom

Retail (Apparel)

258.5

9

The Edinburgh Woollen Mill

UK Branch/Trading address

Orpington

United Kingdom

Retail (Apparel)

258.5

9

The Edinburgh Woollen Mill

UK Branch/Trading address

Canterbury

United Kingdom

Retail (Apparel)

258.5

9

The Edinburgh Woollen Mill

UK Branch/Trading address

Ilkley

United Kingdom

Retail (Apparel)

258.5

9

The Edinburgh Woollen Mill

UK Branch/Trading address

Ipswich

United Kingdom

Retail (Apparel)

258.5

9

The Edinburgh Woollen Mill

UK Branch/Trading address

Ambleside

United Kingdom

Retail (Apparel)

258.5

9

The Edinburgh Woollen Mill

UK Branch/Trading address

Aylesbury

United Kingdom

Retail (Apparel)

258.5

9

The Edinburgh Woollen Mill

UK Branch/Trading address

Perth

United Kingdom

Retail (Apparel)

258.5

9

The Edinburgh Woollen Mill

UK Branch/Trading address

Stafford

United Kingdom

Retail (Apparel)

258.5

8

The Edinburgh Woollen Mill

UK Branch/Trading address

Newport

United Kingdom

Retail (Apparel)

258.5

8

The Edinburgh Woollen Mill

UK Branch/Trading address

Paignton

United Kingdom

Retail (Apparel)

258.5

8

The Edinburgh Woollen Mill

UK Branch/Trading address

Hereford

United Kingdom

Retail (Apparel)

258.5

8

The Edinburgh Woollen Mill

UK Branch/Trading address

Wimborne

United Kingdom

Retail (Apparel)

258.5

8

The Edinburgh Woollen Mill

UK Branch/Trading address

Sudbury

United Kingdom

Retail (Apparel)

258.5

8

The Edinburgh Woollen Mill

UK Branch/Trading address

Godalming

United Kingdom

Retail (Apparel)

258.5

8

The Edinburgh Woollen Mill

UK Branch/Trading address

Shaftesbury

United Kingdom

Retail (Apparel)

258.5

8

The Edinburgh Woollen Mill

UK Branch/Trading address

Boston

United Kingdom

Retail (Apparel)

258.5

8

The Edinburgh Woollen Mill

UK Branch/Trading address

Lanark

United Kingdom

Retail (Apparel)

258.5

8

The Edinburgh Woollen Mill

UK Branch/Trading address

Dumfries

United Kingdom

Retail (Apparel)

258.5

8

The Edinburgh Woollen Mill

UK Branch/Trading address

Bury St Edmunds

United Kingdom

Retail (Apparel)

258.5

8

The Edinburgh Woollen Mill

UK Branch/Trading address

Cambridge

United Kingdom

Retail (Apparel)

258.5

8

The Edinburgh Woollen Mill

UK Branch/Trading address

Elgin

United Kingdom

Retail (Apparel)

258.5

8

The Edinburgh Woollen Mill

UK Branch/Trading address

Warminster

United Kingdom

Retail (Apparel)

258.5

8

The Edinburgh Woollen Mill

UK Branch/Trading address

Crieff

United Kingdom

Retail (Apparel)

258.5

8

The Edinburgh Woollen Mill

UK Branch/Trading address

Hornsea

United Kingdom

Retail (Apparel)

258.5

8

The Edinburgh Woollen Mill

UK Branch/Trading address

Ullapool

United Kingdom

Retail (Apparel)

258.5

8

The Edinburgh Woollen Mill

UK Branch/Trading address

Northampton

United Kingdom

Retail (Apparel)

258.5

8

The Edinburgh Woollen Mill

UK Branch/Trading address

Porthmadog

United Kingdom

Retail (Apparel)

258.5

7

The Edinburgh Woollen Mill

UK Branch/Trading address

Chester

United Kingdom

Retail (Apparel)

258.5

7

The Edinburgh Woollen Mill

UK Branch/Trading address

Grantham

United Kingdom

Retail (Apparel)

258.5

7

The Edinburgh Woollen Mill

UK Branch/Trading address

Newton Abbot

United Kingdom

Retail (Apparel)

258.5

7

The Edinburgh Woollen Mill

UK Branch/Trading address

Cheddar

United Kingdom

Retail (Apparel)

258.5

7

The Edinburgh Woollen Mill

UK Branch/Trading address

Aberdeen

United Kingdom

Retail (Apparel)

258.5

7

The Edinburgh Woollen Mill

UK Branch/Trading address

Oswestry

United Kingdom

Retail (Apparel)

258.5

7

The Edinburgh Woollen Mill

UK Branch/Trading address

Sittingbourne

United Kingdom

Retail (Apparel)

258.5

7

The Edinburgh Woollen Mill

UK Branch/Trading address

Banchory

United Kingdom

Retail (Apparel)

258.5

7

The Edinburgh Woollen Mill

UK Branch/Trading address

Retford

United Kingdom

Retail (Apparel)

258.5

7

The Edinburgh Woollen Mill

UK Branch/Trading address

Cookstown

United Kingdom

Retail (Apparel)

258.5

7

The Edinburgh Woollen Mill

UK Branch/Trading address

East Grinstead

United Kingdom

Retail (Apparel)

258.5

7

The Edinburgh Woollen Mill

UK Branch/Trading address

Callander

United Kingdom

Retail (Apparel)

258.5

7

The Edinburgh Woollen Mill

UK Branch/Trading address

Brecon

United Kingdom

Retail (Apparel)

258.5

7

The Edinburgh Woollen Mill

UK Branch/Trading address

Bath

United Kingdom

Retail (Apparel)

258.5

7

The Edinburgh Woollen Mill

UK Branch/Trading address

Northallerton

United Kingdom

Retail (Apparel)

258.5

7

The Edinburgh Woollen Mill

UK Branch/Trading address

Gloucester

United Kingdom

Retail (Apparel)

258.5

7

The Edinburgh Woollen Mill

UK Branch/Trading address

Ayr

United Kingdom

Retail (Apparel)

258.5

7

The Edinburgh Woollen Mill

UK Branch/Trading address

Newtownards

United Kingdom

Retail (Apparel)

258.5

7

The Edinburgh Woollen Mill

UK Branch/Trading address

Petersfield

United Kingdom

Retail (Apparel)

258.5

7

The Edinburgh Woollen Mill

UK Branch/Trading address

Ebbw Vale

United Kingdom

Retail (Apparel)

258.5

7

The Edinburgh Woollen Mill

UK Branch/Trading address

York

United Kingdom

Retail (Apparel)

258.5

7

The Edinburgh Woollen Mill

UK Branch/Trading address

Torquay

United Kingdom

Retail (Apparel)

258.5

7

The Edinburgh Woollen Mill

UK Branch/Trading address

Carmarthen

United Kingdom

Retail (Apparel)

258.5

7

The Edinburgh Woollen Mill

UK Branch/Trading address

Plymouth

United Kingdom

Retail (Apparel)

258.5

7

The Edinburgh Woollen Mill

UK Branch/Trading address

Barnstaple

United Kingdom

Retail (Apparel)

258.5

7

The Edinburgh Woollen Mill

UK Branch/Trading address

Barnard Castle

United Kingdom

Retail (Apparel)

258.5

7

The Edinburgh Woollen Mill

UK Branch/Trading address

Windermere

United Kingdom

Retail (Apparel)

258.5

7

The Edinburgh Woollen Mill

UK Branch/Trading address

Helensburgh

United Kingdom

Retail (Apparel)

258.5

7

The Edinburgh Woollen Mill

UK Branch/Trading address

Bodmin

United Kingdom

Retail (Apparel)

258.5

7

The Edinburgh Woollen Mill

UK Branch/Trading address

Fleetwood

United Kingdom

Retail (Apparel)

258.5

7

The Edinburgh Woollen Mill

UK Branch/Trading address

Ross-On-Wye

United Kingdom

Retail (Apparel)

258.5

7

The Edinburgh Woollen Mill

UK Branch/Trading address

Bromsgrove

United Kingdom

Retail (Apparel)

258.5

6

The Edinburgh Woollen Mill

UK Branch/Trading address

Tiverton

United Kingdom

Retail (Apparel)

258.5

6

The Edinburgh Woollen Mill

UK Branch/Trading address

Bicester

United Kingdom

Retail (Apparel)

258.5

6

The Edinburgh Woollen Mill

UK Branch/Trading address

Newcastle

United Kingdom

Retail (Apparel)

258.5

6

The Edinburgh Woollen Mill

UK Branch/Trading address

Christchurch

United Kingdom

Retail (Apparel)

258.5

6

The Edinburgh Woollen Mill

UK Branch/Trading address

St Ives

United Kingdom

Retail (Apparel)

258.5

6

The Edinburgh Woollen Mill

UK Branch/Trading address

Exeter

United Kingdom

Retail (Apparel)

258.5

6

The Edinburgh Woollen Mill

UK Branch/Trading address

Farnham

United Kingdom

Retail (Apparel)

258.5

6

The Edinburgh Woollen Mill

UK Branch/Trading address

Skipton

United Kingdom

Retail (Apparel)

258.5

6

The Edinburgh Woollen Mill

UK Branch/Trading address

Broadway

United Kingdom

Retail (Apparel)

258.5

6

The Edinburgh Woollen Mill

UK Branch/Trading address

Berwick-Upon-Tweed

United Kingdom

Retail (Apparel)

258.5

6

The Edinburgh Woollen Mill

UK Branch/Trading address

Haverfordwest

United Kingdom

Retail (Apparel)

258.5

6

The Edinburgh Woollen Mill

UK Branch/Trading address

Skegness

United Kingdom

Retail (Apparel)

258.5

6

The Edinburgh Woollen Mill

UK Branch/Trading address

Cheltenham

United Kingdom

Retail (Apparel)

258.5

6

The Edinburgh Woollen Mill

UK Branch/Trading address

Nantwich

United Kingdom

Retail (Apparel)

258.5

6

The Edinburgh Woollen Mill

UK Branch/Trading address

Letchworth Garden City

United Kingdom

Retail (Apparel)

258.5

6

The Edinburgh Woollen Mill

UK Branch/Trading address

Andover

United Kingdom

Retail (Apparel)

258.5

6

The Edinburgh Woollen Mill

UK Branch/Trading address

Clacton-On-Sea

United Kingdom

Retail (Apparel)

258.5

6

The Edinburgh Woollen Mill

UK Branch/Trading address

Winchester

United Kingdom

Retail (Apparel)

258.5

6

The Edinburgh Woollen Mill

UK Branch/Trading address

Scunthorpe

United Kingdom

Retail (Apparel)

258.5

6

The Edinburgh Woollen Mill

UK Branch/Trading address

Sidmouth

United Kingdom

Retail (Apparel)

258.5

6

The Edinburgh Woollen Mill

UK Branch/Trading address

Ramsgate

United Kingdom

Retail (Apparel)

258.5

6

The Edinburgh Woollen Mill

UK Branch/Trading address

Hertford

United Kingdom

Retail (Apparel)

258.5

5

The Edinburgh Woollen Mill

UK Branch/Trading address

Pitlochry

United Kingdom

Retail (Apparel)

258.5

5

The Edinburgh Woollen Mill

UK Branch/Trading address

Whitby

United Kingdom

Retail (Apparel)

258.5

5

The Edinburgh Woollen Mill

UK Branch/Trading address

Kingston Upon Thames

United Kingdom

Retail (Apparel)

258.5

5

The Edinburgh Woollen Mill

UK Branch/Trading address

Buxton

United Kingdom

Retail (Apparel)

258.5

5

The Edinburgh Woollen Mill

UK Branch/Trading address

Edinburgh

United Kingdom

Retail (Apparel)

258.5

5

The Edinburgh Woollen Mill

UK Branch/Trading address

Southport

United Kingdom

Retail (Apparel)

258.5

5

The Edinburgh Woollen Mill

UK Branch/Trading address

Stratford-Upon-Avon

United Kingdom

Retail (Apparel)

258.5

5

The Edinburgh Woollen Mill

UK Branch/Trading address

Crawley

United Kingdom

Retail (Apparel)

258.5

5

The Edinburgh Woollen Mill

UK Branch/Trading address

King's Lynn

United Kingdom

Retail (Apparel)

258.5

5

The Edinburgh Woollen Mill

UK Branch/Trading address

Blairgowrie

United Kingdom

Retail (Apparel)

258.5

5

The Edinburgh Woollen Mill

UK Branch/Trading address

Glasgow

United Kingdom

Retail (Apparel)

258.5

5

The Edinburgh Woollen Mill

UK Branch/Trading address

Peebles

United Kingdom

Retail (Apparel)

258.5

5

The Edinburgh Woollen Mill

UK Branch/Trading address

Totnes

United Kingdom

Retail (Apparel)

258.5

5

The Edinburgh Woollen Mill

UK Branch/Trading address

Oban

United Kingdom

Retail (Apparel)

258.5

4

The Edinburgh Woollen Mill

UK Branch/Trading address

Stamford

United Kingdom

Retail (Apparel)

258.5

4

The Edinburgh Woollen Mill

UK Branch/Trading address

Kidderminster

United Kingdom

Retail (Apparel)

258.5

4

The Edinburgh Woollen Mill

UK Branch/Trading address

Marlborough

United Kingdom

Retail (Apparel)

258.5

4

The Edinburgh Woollen Mill

UK Branch/Trading address

Ely

United Kingdom

Retail (Apparel)

258.5

2

The Edinburgh Woollen Mill

UK Branch/Trading address

Langholm

United Kingdom

Retail (Apparel)

258.5

2

Moffat Woollens Ltd.

Subsidiary

Pitlochry

United Kingdom

Nonclassifiable Industries

 

2

Edinglen Ltd.

Subsidiary

Langholm

United Kingdom

Nonclassifiable Industries

 

 

The Millshop Ltd.

Subsidiary

Langholm

United Kingdom

Nonclassifiable Industries

 

 

Clan Royal Of Scotland Ltd.

Subsidiary

Ringwood

United Kingdom

Nonclassifiable Industries

 

45

Macdonalds Of Oban Ltd.

Subsidiary

Langholm

United Kingdom

Nonclassifiable Industries

 

 

Gleneagles Of Scotland (Woollens Ltd.

Subsidiary

Langholm

United Kingdom

Nonclassifiable Industries

 

 

Pitlochry Knitwear Co. Ltd.

Subsidiary

Langholm

United Kingdom

Nonclassifiable Industries

 

 

House Of Gleneagles Ltd.

Subsidiary

Langholm

United Kingdom

Nonclassifiable Industries

 

 

Highland Home Industries Ltd.

Subsidiary

Langholm

United Kingdom

Nonclassifiable Industries

 

 

Antartex Ltd.

Subsidiary

Langholm

United Kingdom

Nonclassifiable Industries

 

 

James Pringle Textiles Ltd.

Subsidiary

Langholm

United Kingdom

Nonclassifiable Industries

 

 

Llanfairpwllgwyngyllgogerychwyrndrobwllllantysiliogogogoch Woollen Mil

Subsidiary

Langholm

United Kingdom

Nonclassifiable Industries

 

 

Equorian Ltd.

Subsidiary

Langholm

United Kingdom

Nonclassifiable Industries

 

 

Gleneagles Woollen Mills Ltd.

Subsidiary

Langholm

United Kingdom

Nonclassifiable Industries

 

 

Gleneagles Cashmeres Ltd.

Subsidiary

Langholm

United Kingdom

Nonclassifiable Industries

 

 

The Sweater Co. Ltd.

Subsidiary

Langholm

United Kingdom

Nonclassifiable Industries

 

 

Scottish Woollens Group Ltd.

Subsidiary

Langholm

United Kingdom

Nonclassifiable Industries

 

 

Tartan Centre Ltd.

Subsidiary

Langholm

United Kingdom

Nonclassifiable Industries

 

 

Clan Centre Ltd.

Subsidiary

Langholm

United Kingdom

Nonclassifiable Industries

 

 

Langco Ltd.

Subsidiary

Langholm

United Kingdom

Retail (Specialty)

 

 

Ponden Mills Ltd.

UK Branch/Trading address

Retford

United Kingdom

Retail (Specialty)

 

6

Grampian Woollen Mills Ltd.

Subsidiary

Langholm

United Kingdom

Nonclassifiable Industries

 

 

James Pringle Ltd.

Subsidiary

Langholm

United Kingdom

Nonclassifiable Industries

 

 

Clan Tartan Centre Ltd.

Subsidiary

Langholm

United Kingdom

Nonclassifiable Industries

 

 

Skye Woollen Mill Ltd.

Subsidiary

Langholm

United Kingdom

Nonclassifiable Industries

 

 

James Pringle Woollen Mill Ltd.

Subsidiary

Langholm

United Kingdom

Nonclassifiable Industries

 

 

James Pringle Llanfairpwllgwyngyllgogerychwyrndrobwllllantysiliogogogo

Subsidiary

Carlisle

United Kingdom

Nonclassifiable Industries

 

 

The Country Trader Ltd.

Subsidiary

Langholm

United Kingdom

Nonclassifiable Industries

 

 

The Edinburgh Sweater Co. Ltd.

Subsidiary

 

United Kingdom

Nonclassifiable Industries

 

 

The Woollen Mill (Edinburgh) Ltd.

Subsidiary

Langholm

United Kingdom

Nonclassifiable Industries

 

 

The Golf Shop Ltd.

Subsidiary

Langholm

United Kingdom

Nonclassifiable Industries

 

 

James Pringle Of Inverness Ltd.

Subsidiary

Langholm

United Kingdom

Nonclassifiable Industries

 

 

James Pringle Weavers Of Inverness Ltd.

Subsidiary

Langholm

United Kingdom

Nonclassifiable Industries

 

 

Mairi Macintyre (Scottish Sportswear) Ltd.

Subsidiary

Carlisle

United Kingdom

Nonclassifiable Industries

 

 

Craftcentre Cymru (Manufacturing) Cyfyngedig

Subsidiary

Betws Y Coed

United Kingdom

Nonclassifiable Industries

 

 

Craftcentre Cymru Cyfyngedig

Subsidiary

Bala

United Kingdom

Nonclassifiable Industries

 

 

Craftcentre Cymru Ltd.

UK Branch/Trading address

Porthmadog

United Kingdom

Retail (Specialty)

 

6

Craft Cymru

UK Branch/Trading address

Bala

United Kingdom

Retail (Specialty)

 

5

Craft Cymru

UK Branch/Trading address

Conwy

United Kingdom

Retail (Apparel)

 

5

Peacocks Stores Ltd.

Subsidiary

Langholm

United Kingdom

Business Services

4.1

65

The Gibson Group (Scotland) Ltd.

Subsidiary

Langholm

United Kingdom

Nonclassifiable Industries

 

 

Gibson & Lumgair (Scotland) Ltd.

Subsidiary

Langholm

United Kingdom

Nonclassifiable Industries

 

90

Romanes & Paterson Ltd.

Subsidiary

Langholm

United Kingdom

Nonclassifiable Industries

 

60

Priory Knitwear Ltd.

Subsidiary

Carlisle

United Kingdom

Nonclassifiable Industries

 

 

The Cashmere Co. Ltd.

Subsidiary

Langholm

United Kingdom

Nonclassifiable Industries

 

 

Randotte Place Ltd.

Subsidiary

Langholm

United Kingdom

Nonclassifiable Industries

 

 

St. Andrews Sportswear Co. Ltd.

Subsidiary

Langholm

United Kingdom

Nonclassifiable Industries

 

 

Ewm Group Ltd.

Subsidiary

Carlisle

United Kingdom

Business Services

 

 

Ewm Holdings Ltd.

Subsidiary

Carlisle

United Kingdom

Commercial Banks

 

 

Ewm (Ebt) Trustees Ltd.

Subsidiary

Carlisle

United Kingdom

Business Services

 

 

Craftcentre Cymru Group Cyfyngedig

Subsidiary

Betws Y Coed

United Kingdom

Nonclassifiable Industries

 

 

Ewm (Financial Services) Ltd.

Subsidiary

Langholm

United Kingdom

Commercial Banks

 

 

The Sweater Shop Ltd.

Subsidiary

Langholm

United Kingdom

Nonclassifiable Industries

 

 

Ewm Property Co. Ltd.

Subsidiary

Langholm

United Kingdom

Business Services

0.8

 

Proquip Holdings Ltd.

Subsidiary

Langholm

United Kingdom

Business Services

 

 

Proquip Ltd.

Subsidiary

Langholm

United Kingdom

Apparel and Accessories

3.6

8

Proquip Ip Ltd.

Subsidiary

Langholm

United Kingdom

Business Services

 

 

Sky Border Logistics Ltd.

Subsidiary

Langholm

United Kingdom

Commercial Banks

 

 

Ewm (2011) Ltd.

Subsidiary

Langholm

United Kingdom

Commercial Banks

 

 

Jane Norman Ltd.

Subsidiary

Langholm

United Kingdom

Retail (Apparel)

79.7

755

 



Executives Report

 

Board of Directors

 

Name

Title

Function

June Carruthers

 

Company Secretary

Director/Board Member

Age: 48

 

Philip Day

 

Chief Executive Officer

Director/Board Member

 

 

Age: 47

 

John Anthony Herring

 

Director

Director/Board Member

 

 

Age: 55

 

Kristian Brian Lee

 

Director

Director/Board Member

 

 

Age: 38

 

Carmel Leigh

 

Managing Director

Director/Board Member

 

 

Age: 50

 

 

Executives

 

Name

Title

Function

Philip Day

 

Chief Executive Officer

Chief Executive Officer

Age: 47

 

Carmel Leigh

 

Managing Director

Managing Director

 

 

Age: 50

 

Pam Hisley

 

Health & Safety Manager

Environment/Safety Executive

 

June Carruthers

 

Company Secretary

Company Secretary

 

Age: 48

 

Anne Mckiddie

 

Payroll/Wages Officer

Benefits & Compensation Executive

 

Bridget Birch

 

HR Manager

Human Resources Executive

 

Carol Kershaw

 

Human Resources Director

Human Resources Executive

 

Mandy Bader

 

Training Manager

Training Executive

 

David Read

 

Marketing Manager

Marketing Executive

 

Ed Samson

 

IT Director

Information Executive

 

Mike Gray

 

Telecommunications Manager

Telecommunications Executive

 

 

 


Directors and Shareholders Report

 

Annual Return Date: 28 Feb 2012
Total Issued Capital (GBP 000): 51,316

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

David
Houston

Current

29 Apr 1953

No 7 Chanctonbury Drive, Sunningdale,
Ascot, Berkshire SL5 9PJW

01 Mar 2012

NA

Current:2
Previous:87
Disqualifications:0

 

Philip Edward
Day

Current

25 Oct 1965

Waverley Mills, Langholm,
Langholm, Dumfries & Galloway DG13 0EB

25 Jul 2001

NA

Current:28
Previous:4
Disqualifications:0

 

Kristian Brian
Lee

Current

13 May 1974

7 Bower Gardens,
Stalybridge, Cheshire SK15 2UY

04 Jan 2012

NA

Current:63
Previous:0
Disqualifications:0

 

John Anthony
Herring

Current

23 Nov 1957

Borough Farm,
Godalming, Surrey GU8 5JY

03 Jun 2005

NA

Current:7
Previous:14
Disqualifications:0

 

Carmel
Leigh

Current

14 Oct 1962

Waverley Mills,
Langholm, Dumfries & Galloway DG13 0EB

08 Apr 2005

NA

Current:6
Previous:0
Disqualifications:0

 

David
Houston

Previous

29 Apr 1953

No 7 Chanctonbury Drive, Sunningdale,
Ascot, Berkshire SL5 9PJW

15 Dec 1999

20 Feb 2012

Current:2
Previous:87
Disqualifications:0

 

James Neil
Stevenson

Previous

11 Nov 1945

Rathlin, Hallpath,
Langholm, Dumfries & Galloway DG13 0EG

06 Jan 1989

17 Apr 1997

Current:9
Previous:13
Disqualifications:0

 

David Campbell
Mcgibbon

Previous

03 Dec 1947

The Ferry Terminal, Gourock,
Gourock, Inverclyde PA19 1QP

03 Mar 1993

25 Jul 2001

Current:12
Previous:38
Disqualifications:0

 

Paul Ian
Cartwright

Previous

03 Mar 1961

195 Highbury Quadrant,
London , London N5 2TE

25 Jul 2001

14 Nov 2002

Current:20
Previous:64
Disqualifications:0

 

Vikram
Lall

Previous

05 Dec 1946

5Th Floor Quartermile Two 2 Lister Square,
Edinburgh, Edinburgh, City of EH3 9GL

27 Oct 1992

17 Apr 1997

Current:6
Previous:30
Disqualifications:0

 

Donald Iain
Mackay

Previous

27 Feb 1937

14 Gamekeepers Road,
Edinburgh, Edinburgh, City of EH4 6LU

15 Dec 1999

25 Jul 2001

Current:0
Previous:7
Disqualifications:0

 

Alec
Whitaker

Previous

13 Jan 1960

Batt House, Crosby On Eden,
Carlisle, Cumbria CA6 4RA

01 Feb 2000

18 Jun 2010

Current:0
Previous:16
Disqualifications:0

 

James Clifford
Hodkinson

Previous

21 Apr 1944

74 New Town Row,
Birmingham, West Midlands B6 4HA

05 Mar 2004

14 Feb 2005

Current:6
Previous:65
Disqualifications:0

 

Aidan
Docherty

Previous

08 Mar 1965

137 Taybridge Road,
London , London SW11 5PY

25 Jul 2001

14 Nov 2002

Current:1
Previous:7
Disqualifications:0

 

Anthony Bichard
Taylor

Previous

11 Jun 1938

The Coach House, Bowden,
Melrose, Scottish Borders TD6 0SS

NA

31 Oct 1991

Current:6
Previous:11
Disqualifications:0

 

David Deas
Stevenson

Previous

28 Nov 1941

Ashley Bank House High Street,
Langholm, Dumfries & Galloway DG13 0AN

06 Jan 1989

31 Jan 2000

Current:9
Previous:61
Disqualifications:0

 

John Johnstone
Elliot

Previous

13 Aug 1947

25 Whitaside,
Langholm, Dumfries & Galloway DG13 0JS

06 Jan 1989

07 Apr 2000

Current:7
Previous:18
Disqualifications:0

 

James Thomas Heard
Ainslie

Previous

26 May 1936

Birkindale, 17 Whitaside,
Langholm, Dumfries & Galloway DG13 0JS

06 Jan 1989

17 Apr 1997

Current:0
Previous:54
Disqualifications:0

 

David Arthur
Light

Previous

09 Oct 1955

43-45 Bridge Street Row East,
Chester, Cheshire CH1 1NW

25 Jul 2001

25 Feb 2003

Current:7
Previous:8
Disqualifications:0

 

Paul John
Gerrard

Previous

07 Jun 1964

Unit G Waterfoot Business Centre, Waterfoot Rawtenstall,
Rossendale, Lancashire BB4 9HU

08 Apr 2005

17 May 2011

Current:2
Previous:3
Disqualifications:0

 

Charles Russell
Sanderson

Previous

30 Apr 1933

Beckettsfield, Bowden,
Melrose, Scottish Borders TD6 0ST

03 Mar 1993

17 Apr 1997

Current:3
Previous:13
Disqualifications:0

 

John Alan
Rayson

Previous

22 Feb 1951

9A Church Cottages, Hampton In Arden,
Solihull, West Midlands B92 0EX

01 Feb 2000

04 Oct 2000

Current:1
Previous:2
Disqualifications:0

 

James
Murray

Previous

09 Jun 1946

Damonsara,Laird's Entry,
Langholm, Dumfries & Galloway DG13 0DN

06 Jan 1989

NA

Current:0
Previous:3
Disqualifications:0

 

Colin
Birrell

Previous

29 Aug 1955

The Shaw House, Boreland,
Lockerbie, Dumfries & Galloway DG11 2LG

22 Apr 1993

25 Jul 2001

Current:3
Previous:50
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

 

June
Carruthers

Current

21 Jun 1964

Burnside House Maxwell Place,
Langholm, Dumfries & Galloway DG13 0DY

31 May 2001

NA

Current:97
Previous:7
Disqualifications:0

 

Jennifer Mary
Dunbar

Previous

30 May 1941

47 Brunstock Close, Lowry Hill,
Carlisle, Cumbria CA3 0HL

06 Jan 1989

31 May 2001

Current:0
Previous:75
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

EWM (Topco) Limited

04542352

989743021 A Ordinary GBP 0.05

A Ordinary

989,743,021

0.05

49,487,151.05

96.44

EWM (Topco) Limited

04542352

36572396 Ordinary GBP 0.05

Ordinary

36,572,396

0.05

1,828,619.80

3.56

 

 

Annual Profit & Loss

 

Financials in: USD (mil)

 

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

 

 

 

 

 

  Financial Glossary

 

 

 

25-Feb-2012

26-Feb-2011

27-Feb-2010

28-Feb-2009

01-Mar-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

53 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.625556

0.647435

0.631366

0.575434

0.499516

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Turnover (UK)

258.5

247.7

248.3

274.3

-

Turnover (Exports)

0.0

0.0

0.0

0.0

-

Total Turnover

258.5

247.7

248.3

274.3

296.4

Cost of Sales

214.3

208.1

207.1

234.0

254.0

Gross Profit

44.1

39.6

41.2

40.2

42.4

Depreciation

3.6

3.9

3.9

4.9

5.4

Other Expenses

13.5

13.2

14.5

15.4

19.0

Operating Profit

30.6

26.4

-

-

-

Other Income

7.1

6.8

9.3

15.6

24.1

Interest Paid

0.4

0.4

0.4

0.4

0.4

Exceptional Income

2.3

0.0

0.0

0.0

0.0

Discontinued Operations

0.0

-

-

0.0

-

Profit Before Taxes

39.6

32.8

35.6

40.0

47.0

Tax Payable / Credit

9.2

9.3

9.0

10.3

13.8

Extraordinary Items/Debits

0.0

0.0

0.0

0.0

0.0

Dividends

0.0

0.0

0.0

38.2

0.0

Profit After Taxes

30.4

23.5

26.6

-8.5

33.2

Minority Interests (Profit & Loss)

0.0

0.0

0.0

0.0

0.0

Audit Fees

0.1

0.1

0.1

0.1

0.1

Non Audit Fees

-

-

-

-

0.0

Number of Employees

3,773

3,652

3,452

3,428

3,371

Wages

54.9

57.7

53.2

54.6

61.2

Social Security Costs

3.1

2.9

3.1

3.5

4.0

Pensions

0.0

0.0

0.0

0.0

0.0

Other Pension Costs

0.6

1.2

1.2

1.4

1.6

Employees Remuneration

58.6

61.8

57.5

59.4

66.9

Directors Emoluments

1.3

8.9

5.3

4.5

5.3

Other Costs

0.0

0.0

0.0

0.0

0.0

Directors Remuneration

1.3

8.9

5.3

4.5

5.3

Highest Paid Director

0.5

7.4

4.2

3.1

2.6

 



 

Annual Balance Sheet

Financials in: USD (mil)

 

  Financial Glossary

 

 

 

25-Feb-2012

26-Feb-2011

27-Feb-2010

28-Feb-2009

01-Mar-2008

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.636971

0.6222

0.656858

0.701582

0.502715

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Land & Buildings

-

-

24.5

21.5

29.6

Fixtures & Fittings

-

-

0.0

0.0

0.0

Plant & Vehicles

-

-

0.4

0.7

1.3

Total Tangible Fixed Assets

10.7

26.2

24.9

22.1

30.9

Intangible Assets

0.4

0.1

0.1

0.2

0.3

Investments

4.6

4.8

4.5

4.2

5.9

Total Fixed Assets

15.8

31.1

29.6

26.5

37.1

Stocks

34.7

34.5

28.2

24.4

36.9

Work in Progress

0.0

0.0

0.0

0.0

0.0

Total Stocks Work In Progress

34.7

34.5

28.2

24.4

36.9

Trade Debtors

0.6

0.9

0.9

0.7

0.6

Inter-Company Debtors

0.7

1.9

2.9

0.6

2.8

Director Loans

0.0

0.0

0.0

0.0

0.0

Other Debtors

6.7

5.7

5.6

6.1

10.2

Total Debtors

8.0

8.5

9.4

7.5

13.6

Cash and Equivalents

254.2

246.3

217.9

194.9

280.4

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

296.9

289.3

255.5

226.7

330.9

Total Assets

312.6

320.3

285.1

253.3

368.0

Trade Creditors

8.8

12.4

7.1

6.6

10.1

Inter-Company Creditors

0.4

3.4

0.2

2.7

2.0

Hire Purchase (Current Liability)

0.0

0.0

0.0

0.0

0.0

Finance Lease (Current Liability)

1.1

1.3

1.2

1.3

2.0

Total Finance Lease/Hire Purchase (Current Liability)

1.1

1.3

1.2

1.3

2.0

Total Short Term Loans

0.1

-

-

-

-

Social Security/VAT

6.8

5.9

4.7

4.2

7.3

Corporation Tax

5.1

4.5

3.6

2.3

4.0

Other Current Liabilities

10.7

13.3

11.0

13.4

13.7

Total Current Liabilities

33.1

40.6

27.9

30.4

39.2

Group Loans (Long Term Liability)

5.5

29.2

27.7

5.0

-

Director Loans (Long Term Liability)

0.0

0.0

0.0

-

7.0

Hire Purchase (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Leasing (Long Term Liability)

1.3

1.6

1.8

2.7

3.8

Total Hire Purchase Loans (Long Term Liability)

1.3

1.6

1.8

2.7

3.8

Other Long Term Loans

0.3

0.0

0.0

-

-

Accruals/Deferred Income (Long Term Liability)

0.5

0.1

0.2

-

40.2

Other Long Term Liabilities

0.0

0.0

0.0

1.2

2.2

Total Long Term Liabilities

7.6

30.9

29.7

8.9

53.3

Deferred Taxation

0.0

0.4

0.5

24.9

0.0

Other Provisions

6.0

3.6

4.2

2.0

4.0

Total Provisions

6.0

4.0

4.7

26.9

4.0

Issued Capital

80.6

82.5

78.1

73.1

102.1

Share Premium Accounts

6.6

6.7

6.4

6.0

8.4

Revaluation Reserve

0.0

0.0

0.0

0.0

0.0

Retained Earnings

163.3

139.7

123.2

93.8

141.4

Other Reserves

15.5

15.9

15.0

14.1

19.7

Minority Interests (Balance Sheet)

0.0

0.0

0.0

0.0

0.0

Total Shareholders Funds

266.0

244.8

222.7

187.1

271.5

Net Worth

265.6

244.7

222.6

186.9

271.2

 



 

Annual Cash Flows

Financials in: USD (mil)

 

  Financial Glossary

 

 

 

25-Feb-2012

26-Feb-2011

27-Feb-2010

28-Feb-2009

01-Mar-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

53 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.625556

0.647435

0.631366

0.575434

0.499516

Consolidated

No

No

No

No

No

 

 

 

 

 

 

 




 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

25-Feb-2012

26-Feb-2011

27-Feb-2010

28-Feb-2009

01-Mar-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

53 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.636971

0.6222

0.656858

0.701582

0.502715

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

8.97

7.12

9.16

7.45

8.44

Liquidity Ratio

7.92

6.27

8.15

6.65

7.50

Stock Turnover

7.32

7.47

8.46

9.22

7.83

Credit Period (Days)

0.90

1.22

1.36

1.11

0.70

Working Capital by Sales

103.92%

96.49%

95.35%

87.26%

100.95%

Trade Credit by Debtors

14.09

14.37

8.03

9.56

18.06

Return on Capital

13.91%

12.20%

13.31%

14.72%

13.94%

Return on Assets

12.44%

10.65%

12.01%

12.95%

12.46%

Profit Margin

15.32%

13.24%

14.34%

14.58%

15.87%

Return on Shareholders Funds

14.62%

13.94%

15.37%

17.54%

16.89%

Borrowing Ratio

3.30%

14.50%

13.87%

6.24%

5.47%

Equity Gearing

85.08%

76.42%

78.13%

73.86%

73.78%

Debt Gearing

2.68%

12.61%

13.25%

4.12%

3.98%

Interest Coverage

90.07

82.94

94.86

97.10

110.82

Sales by Tangible Assets

23.72

9.85

9.57

10.16

9.34

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

22.68%

24.95%

23.15%

21.66%

22.55%

Creditor Days (Cost of Sales Based)

15.27

20.87

13.11

12.48

14.82

Creditor Days (Sales Based)

12.66

17.53

10.93

10.65

12.71

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.28

UK Pound

1

Rs.82.06

Euro

1

Rs.70.23

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.