MIRA INFORM REPORT
|
Report Date : |
18.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
SHOP DIRECT HOME SHOPPING LTD. |
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Registered Office : |
First Floor Skyways House, Speke Road, Speke, Liverpool,
L70 1AB |
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Country : |
United Kingdom |
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Financials (as on) : |
30.06.2012 |
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Date of Incorporation : |
11.02.2003 |
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Com. Reg. No.: |
04663281 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Internet and Catalogue Home Shopping. |
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No. of Employees : |
3,837 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 – 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 |
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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
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
Company Name and Address
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Shop Direct Home Shopping Ltd. |
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Business Description
Internet and catalogue home shopping.
Industry
|
Industry |
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ANZSIC 2006: |
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NACE 2002: |
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NAICS 2002: |
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UK SIC 2003: |
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UK SIC 2007: |
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US SIC 1987: |
Key Executive
|
Name |
Title |
|
David Wallace Kershaw |
Corporate Finance Director |
|
Gary Kibble |
Brand Director, Shop Direct Group |
|
Bernard Thorne |
IT Development Director |
|
Anne Caven |
Head of Customer Excellence |
|
Steven Rowe |
Head of Design Home and Living |
Financial Summary
|
FYE: 30-Jun-2012 |
USD (mil) |
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1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6313531
2 - Balance Sheet Item Exchange Rate:
USD 1 = GBP 0.6452901
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Industry Code
|
ANZSIC 2006 Codes: |
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4310 |
- |
Non-Store Retailing |
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NACE 2002 Codes: |
||
|
5261 |
- |
Retail sale via mail order house |
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NAICS 2002 Codes: |
||
|
454113 |
- |
Mail-Order Houses |
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US SIC 1987: |
||
|
5961 |
- |
Catalog and Mail-order Houses |
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UK SIC 2003: |
||
|
5261 |
- |
Retail sale via mail order house |
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UK SIC 2007: |
||
|
4791 |
- |
Retail sale via mail order houses or via
Internet |
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More Business
Descriptions |
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Shop Direct Home Shopping Ltd. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
|
Lw Corporation Ltd. |
Parent |
|
|
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Business Services |
3,322.1 |
14,338 |
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Public Sector and Government |
2,684.9 |
7,068 |
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Business Services |
80.1 |
1,672 |
|
|
|
Subsidiary |
Bootle |
United Kingdom |
Insurance (Life) |
|
1,200 |
|
|
|
Subsidiary |
Bootle |
United Kingdom |
Consumer Financial Services |
620.0 |
1,060 |
|
|
|
Subsidiary |
Bootle |
United Kingdom |
Consumer Financial Services |
|
75 |
|
|
|
Subsidiary |
Bootle |
United Kingdom |
Business Services |
|
|
|
|
|
Subsidiary |
Bootle |
United Kingdom |
Business Services |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Retail (Specialty) |
23.9 |
242 |
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Business Services |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Business Services |
15.5 |
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Business Services |
8.3 |
12 |
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Construction Services |
1.7 |
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Construction Services |
2.8 |
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Construction Services |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Construction Services |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Retail (Catalog and Mail Order) |
0.1 |
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Business Services |
|
|
|
|
|
Subsidiary |
Hull |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Business Services |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Business Services |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Real Estate Operations |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Printing and Publishing |
26.9 |
180 |
|
|
|
Subsidiary |
Coventry |
United Kingdom |
Printing and Publishing |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Computer Services |
|
|
|
|
|
Subsidiary |
Liverpool , |
United Kingdom |
Business Services |
0.7 |
3 |
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Retail (Catalog and Mail Order) |
1,998.6 |
3,837 |
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Business Services |
0.1 |
|
|
|
|
Subsidiary |
Oldham |
United Kingdom |
Nonclassifiable Industries |
|
149 |
|
|
|
UK Branch/Trading address |
Oldham |
United Kingdom |
Nonclassifiable Industries |
|
1,000 |
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
UK Branch/Trading address |
Ashton-Under-Lyne |
United Kingdom |
Retail (Grocery) |
|
8 |
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Retail (Catalog and Mail Order) |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Retail (Catalog and Mail Order) |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Bolton |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Leeds |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Business Services |
3.8 |
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Glasgow |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Business Services |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Construction Services |
2.4 |
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Business Services |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Business Services |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Nonclassifiable Industries |
|
|
|
Executives Report
|
Board
of Directors |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Corporate Finance Director |
Director/Board Member |
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Group Chief Executive and Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Executives |
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Group Chief Executive and Director |
Division Head Executive |
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Applications Manager - Finance/HR/Payroll |
Finance Executive |
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Corporate Finance Director |
Finance Executive |
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Head of Customer Excellence |
Customer Service Executive |
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Brand Director, Shop Direct Group |
Marketing Executive |
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IT Development Director |
Information Executive |
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Head of Design Home and Living |
Merchandise Management Executive |
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Infrastructure Project Manager |
Facilities Executive |
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Directors and Shareholders Report
|
Main Office Address: |
Tel: 0870 263 1000 |
Annual Return Date: 11 Feb 2013 |
|
Individual
Directors |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
Current |
28 Jan 1956 |
Third Floor 20 St James's Street, |
12 Mar 2008 |
NA |
Current:51 |
|
|
Current |
07 Aug 1957 |
3Rd Floor 20 St. James's Street, |
12 Mar 2008 |
NA |
Current:49 |
|
|
Current |
25 May 1967 |
Skyways House Speke Road, Speke, |
12 Mar 2008 |
NA |
Current:7 |
|
|
Current |
31 Jul 1956 |
The Cottage Upwood Gorse, Tupwood Lane, |
22 Feb 2010 |
NA |
Current:52 |
|
|
Current |
12 Oct 1948 |
58 Kingsley Way, |
12 Mar 2008 |
NA |
Current:75 |
|
|
Current |
20 Dec 1959 |
Third Floor 20 St James's Street, |
12 Mar 2008 |
NA |
Current:34 |
|
|
Previous |
23 Sep 1969 |
Dove Barn 473A Chester Road, Woodford, |
22 Feb 2010 |
20 Jan 2012 |
Current:0 |
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Corporate Directors |
||||
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Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
|
Littlewoods Company Director Limited |
Previous |
100 Old Hall Street, |
11 Feb 2003 |
12 Mar 2008 |
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Individual Secretaries |
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There are no individual secretaries for this company. |
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Corporate Secretaries |
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Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
|
Shop Direct Secretarial Services Limited |
Current |
First Floor Skyways House, Speke Road Speke, |
11 Feb 2003 |
NA |
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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 |
|
00262152 |
646000000 Ordinary GBP 1.00 |
Ordinary |
646,000,000 |
1.00 |
646,000,000.00 |
100.00 |
|
Annual Profit and Loss
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
30-Jun-2012 |
30-Jun-2011 |
30-Apr-2010 |
30-Apr-2009 |
30-Apr-2008 |
|
Period Length |
52 Weeks |
61 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate (Period
Average) |
0.631353 |
0.629106 |
0.625491 |
0.607152 |
0.498433 |
|
Consolidated |
No |
No |
No |
No |
No |
|
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|
|
|
|
|
Turnover (UK) |
1,998.6 |
2,405.2 |
2,103.3 |
2,278.1 |
2,686.8 |
|
Turnover (Exports) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Turnover |
1,998.6 |
2,405.2 |
2,103.3 |
2,278.1 |
2,686.8 |
|
Cost of Sales |
1,206.8 |
1,391.8 |
1,140.4 |
1,219.8 |
1,409.7 |
|
Gross Profit |
791.8 |
1,013.3 |
963.0 |
1,058.3 |
1,277.1 |
|
Depreciation |
42.3 |
56.4 |
51.3 |
50.3 |
41.6 |
|
Other Expenses |
804.2 |
1,171.6 |
1,026.9 |
1,131.5 |
1,355.6 |
|
Operating Profit |
- |
-158.3 |
- |
- |
- |
|
Other Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Interest Paid |
4.2 |
5.7 |
4.4 |
9.7 |
15.6 |
|
Exceptional Income |
-60.4 |
0.0 |
-14.9 |
-79.2 |
-64.8 |
|
Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit Before Taxes |
-77.0 |
-164.0 |
-83.2 |
-162.1 |
-158.7 |
|
Tax Payable / Credit |
0.0 |
0.0 |
1.2 |
13.8 |
3.8 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit After Taxes |
-77.0 |
-164.0 |
-84.4 |
-176.0 |
-162.5 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
0.2 |
0.4 |
0.4 |
0.4 |
0.5 |
|
Non Audit Fees |
0.2 |
0.2 |
0.2 |
0.9 |
1.2 |
|
Number of Employees |
3,837 |
3,984 |
3,749 |
3,988 |
4,456 |
|
Wages |
135.2 |
153.9 |
133.4 |
142.1 |
190.6 |
|
Social Security Costs |
14.2 |
16.8 |
14.1 |
14.5 |
19.4 |
|
Pensions |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Pension Costs |
6.6 |
14.5 |
13.8 |
15.0 |
21.2 |
|
Employees Remuneration |
156.0 |
185.2 |
161.3 |
171.6 |
231.1 |
|
Directors Emoluments |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Costs |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Directors Remuneration |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Highest Paid Director |
- |
0.0 |
0.0 |
0.0 |
0.0 |
Annual Balance Sheet
|
Financials in: USD
(mil) |
|
|
30-Jun-2012 |
30-Jun-2011 |
30-Apr-2010 |
30-Apr-2009 |
30-Apr-2008 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.64529 |
0.622878 |
0.653317 |
0.674855 |
0.50491 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Land & Buildings |
5.0 |
4.6 |
2.9 |
3.0 |
4.5 |
|
Fixtures & Fittings |
137.5 |
140.3 |
122.3 |
137.5 |
203.5 |
|
Plant & Vehicles |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Tangible Fixed Assets |
142.5 |
144.9 |
125.2 |
140.6 |
208.1 |
|
Intangible Assets |
77.3 |
87.4 |
90.9 |
94.8 |
135.8 |
|
Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Fixed Assets |
219.8 |
232.4 |
216.1 |
235.4 |
343.8 |
|
Stocks |
- |
- |
182.4 |
171.2 |
180.8 |
|
Work in Progress |
- |
- |
0.0 |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
162.5 |
196.6 |
182.4 |
171.2 |
180.8 |
|
Trade Debtors |
2.5 |
2.4 |
4.2 |
2.6 |
6.0 |
|
Inter-Company Debtors |
433.7 |
427.5 |
296.1 |
279.2 |
615.4 |
|
Other Debtors |
18.4 |
30.4 |
83.2 |
74.0 |
118.5 |
|
Total Debtors |
454.6 |
460.3 |
383.5 |
355.8 |
739.9 |
|
Cash and Equivalents |
0.0 |
0.1 |
0.1 |
0.1 |
0.2 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
617.1 |
657.0 |
566.0 |
527.1 |
920.9 |
|
Total Assets |
836.9 |
889.4 |
782.1 |
762.5 |
1,264.7 |
|
Trade Creditors |
287.1 |
266.5 |
239.9 |
215.2 |
278.2 |
|
Bank Overdraft |
103.7 |
127.9 |
118.8 |
92.2 |
293.9 |
|
Inter-Company Creditors |
10.5 |
30.4 |
17.7 |
45.8 |
128.5 |
|
Director Loans (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Finance Lease (Current Liability) |
0.6 |
0.7 |
1.2 |
1.4 |
3.0 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.6 |
0.7 |
1.2 |
1.4 |
3.0 |
|
Total Short Term Loans |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accruals/Deferred Income (Current Liability) |
171.0 |
94.3 |
60.6 |
81.9 |
94.5 |
|
Social Security/VAT |
51.7 |
45.1 |
24.0 |
21.4 |
35.1 |
|
Corporation Tax |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Current Liabilities |
0.0 |
66.1 |
52.5 |
71.0 |
114.2 |
|
Total Current Liabilities |
624.5 |
631.0 |
514.8 |
528.8 |
947.3 |
|
Group Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
12.7 |
|
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) |
0.8 |
0.4 |
1.4 |
2.2 |
4.6 |
|
Total Hire Purchase Loans (Long Term Liability) |
0.8 |
0.4 |
1.4 |
2.2 |
4.6 |
|
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 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Liabilities |
0.8 |
0.4 |
1.4 |
2.2 |
17.3 |
|
Deferred Taxation |
0.0 |
- |
0.0 |
0.0 |
0.0 |
|
Other Provisions |
56.6 |
19.0 |
11.2 |
10.1 |
21.5 |
|
Total Provisions |
56.6 |
19.0 |
11.2 |
10.1 |
21.5 |
|
Issued Capital |
1,001.1 |
1,037.1 |
805.1 |
675.7 |
675.4 |
|
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 |
-846.1 |
-798.1 |
-550.4 |
-454.3 |
-396.7 |
|
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 |
155.0 |
239.0 |
254.7 |
221.4 |
278.7 |
|
Net Worth |
77.7 |
151.6 |
163.8 |
126.6 |
142.9 |
Annual Cash Flows
|
Financials in: USD
(mil) |
|
|
30-Jun-2012 |
30-Jun-2011 |
30-Apr-2010 |
30-Apr-2009 |
30-Apr-2008 |
|
Period Length |
52 Weeks |
61 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate (Period
Average) |
0.631353 |
0.629106 |
0.625491 |
0.607152 |
0.498433 |
|
Consolidated |
No |
No |
No |
No |
No |
Annual Ratios
|
Financials in: USD
(mil) |
|
|
30-Jun-2012 |
30-Jun-2011 |
30-Apr-2010 |
30-Apr-2009 |
30-Apr-2008 |
|
Period Length |
52 Weeks |
61 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.64529 |
0.622878 |
0.653317 |
0.674855 |
0.50491 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
0.99 |
1.04 |
1.10 |
1.00 |
0.97 |
|
Liquidity Ratio |
0.73 |
0.73 |
0.75 |
0.67 |
0.78 |
|
Stock Turnover |
12.03 |
10.53 |
11.04 |
11.97 |
14.67 |
|
Credit Period (Days) |
0.47 |
0.43 |
0.76 |
0.45 |
0.82 |
|
Working Capital by Sales |
-0.38% |
1.26% |
2.54% |
-0.08% |
-1.00% |
|
Trade Credit by Debtors |
115.21 |
110.44 |
57.33 |
84.38 |
46.67 |
|
Return on Capital |
-35.47% |
-54.63% |
-29.79% |
-62.43% |
-49.35% |
|
Return on Assets |
-9.00% |
-15.87% |
-10.18% |
-19.13% |
-12.39% |
|
Profit Margin |
-3.85% |
-6.82% |
-3.95% |
-7.12% |
-5.91% |
|
Return on Shareholders Funds |
-48.62% |
-59.06% |
-31.26% |
-65.89% |
-56.22% |
|
Borrowing Ratio |
148.87% |
105.14% |
84.94% |
111.86% |
309.78% |
|
Equity Gearing |
18.52% |
26.87% |
32.57% |
29.03% |
22.03% |
|
Debt Gearing |
1.08% |
0.27% |
0.85% |
1.74% |
12.09% |
|
Interest Coverage |
-18.42 |
-28.74 |
-18.90 |
-16.63 |
-10.18 |
|
Sales by Tangible Assets |
13.72 |
14.29 |
16.09 |
14.58 |
12.75 |
|
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 |
0.5 |
0.5 |
0.5 |
0.5 |
0.6 |
|
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 |
0.2 |
0.2 |
0.3 |
|
Employee Remuneration by Sales |
7.80% |
7.70% |
7.67% |
7.53% |
8.60% |
|
Creditor Days (Cost of Sales Based) |
88.75 |
81.22 |
80.20 |
71.57 |
72.98 |
|
Creditor Days (Sales Based) |
53.59 |
47.00 |
43.48 |
38.32 |
38.29 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.89 |
|
|
1 |
Rs.83.66 |
|
Euro |
1 |
Rs.70.58 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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.