MIRA INFORM REPORT
|
Report Date : |
20.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
TJX UK |
|
|
|
|
Formerly Known As : |
TK MAXX. |
|
|
|
|
Registered Office : |
50 Clarendon Road, Watford, Hertfordshire, Wd17 1tx. |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Date of Incorporation : |
18.08.1995 |
|
|
|
|
Com. Reg. No.: |
03094828 |
|
|
|
|
Legal Form : |
Private Unlimited |
|
|
|
|
Line of Business : |
Retailers of clothing and household goods |
|
|
|
|
No. of Employees : |
14,239 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
United Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
UNITED KINGDOM - ECONOMIC OVERVIEW
The UK, a leading trading power and financial center, is the
second largest economy in Europe after Germany. Over the past two decades, the
government has greatly reduced public ownership and contained the growth of
social welfare programs. Agriculture is intensive, highly mechanized, and
efficient by European standards, producing about 60% of food needs with less
than 2% of the labor force. The UK has large coal, natural gas, and oil
resources, but its oil and natural gas reserves are declining and the UK became
a net importer of energy in 2005. Services, particularly banking, insurance,
and business services, account by far for the largest proportion of GDP while
industry continues to decline in importance. After emerging from recession in
1992, Britain's economy enjoyed the longest period of expansion on record during
which time growth outpaced most of Western Europe. In 2008, however, the global
financial crisis hit the economy particularly hard, due to the importance of
its financial sector. Sharply declining home prices, high consumer debt, and
the global economic slowdown compounded Britain's economic problems, pushing
the economy into recession in the latter half of 2008 and prompting the then
BROWN (Labour) government to implement a number of measures to stimulate the
economy and stabilize the financial markets; these include nationalizing parts
of the banking system, temporarily cutting taxes, suspending public sector
borrowing rules, and moving forward public spending on capital projects. Facing
burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition
government (between Conservatives and Liberal Democrats) initiated a five-year
austerity program, which aimed to lower London's budget deficit from over 10%
of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the
Exchequer George OSBORNE announced additional austerity measures through 2017
because of slower-than-expected economic growth and the impact of the euro-zone
debt crisis. The CAMERON government raised the value added tax from 17.5% to
20% in 2011. It has pledged to reduce the corporation tax rate to 21% by 2014.
The Bank of England (BoE) implemented an asset purchase program of up to £375
billion (approximately $605 billion) as of December 2012. During times of
economic crisis, the BoE coordinates interest rate moves with the European
Central Bank, but Britain remains outside the European Economic and Monetary
Union (EMU). In 2012, weak consumer spending and subdued business investment
weighed on the economy. GDP fell 0.1%, and the budget deficit remained
stubbornly high at 7.7% of GDP. Public debt continued to increase.
|
Source
: CIA |
|
Subject Reported on |
TJX UK |
|
Registration Number |
03094828 |
|
VAT Number |
GB662563524 |
|
Address |
50 CLARENDON ROAD, WATFORD, HERTFORDSHIRE, WD17 1TX. |
|
Telephone |
01923 473000 |
|
Facsimile |
01923-473500 |
|
Email |
|
|
Web Address |
Payment Behaviour
|
Indicator in Poor zone - |
|
|
The payment behaviour gauge (above) indicates how fast the subject may
pay its creditors based on information provided to Graydon from its trade
payment programme, county courts and financial statements. |
Payment
Comparisons
|
The graph comparison (right) shows how the subject company may pay its
creditors in comparison to companies of a similar size and to companies in the
same industry. The scores range from zero indicating the worst payment record
and 100 being the most prompt record. |
|
|
Legal Form |
Private Unlimited |
|
Registration Number |
03094828 |
|
VAT Number |
GB662563524 |
|
Subject Status |
Trading |
|
Date of Incorporation |
18/08/1995 |
|
Registered Office |
50 CLARENDON ROAD, WATFORD, HERTFORDSHIRE, WD17 1TX. |
|
History |
12/03/2008 : Change of name from TK MAXX. |
|
|
6/11/2000 : The Registered Office address changed from 50 CLARENDON
ROAD, WATFORD, HERTFORDSHIRE, WD. |
|
|
20/04/1999 : The Registered Office address changed from EDWARD HYDE
BUILDING, 38 CLARENDON ROAD, WATF. |
|
|
11/03/1996 : The Registered Office address changed from PLUMTREE
COURT, LONDON, EC4A 4HT. |
|
Date of Last Annual Return to Registry |
18/08/2012 |
|
Accounts |
The last filed accounts at Companies House are those to 28/01/2012 |
|
Accounting Reference Date |
31/01 |
|
Activities |
Retailers of clothing and household goods |
|
Nace Code |
5248 |
|
Premises |
Owned,Offices |
|
Staff Employed |
14,239 |
|
Trading Divisions |
TJX MERCHANDISE PAYABLE |
|
Trade Names |
HOMESENSE, TK MAXX |
|
Import Countries |
ALL OVER THE WORLD |
|
Export Countries |
No Export Activity |
|
Bankers |
NAT WEST BANK PLC |
|
Address |
15 BISHOPSGATE, LONDON. |
|
Sort Code |
500000 |
|
Auditors |
PricewaterhouseCoopers LLP |
|
Branches |
MOUNT FARM, DAWSON ROAD, MILTON KEYNES, BUCKS. |
|
|
1 MILL RD, NEWTOWNABBEY, COUNTY ANTRIM, BT36 7BA. |
|
|
THE ARCADE, FLEET WALK, TORQUAY, DEVON, TQ2 5EN. |
|
|
WATERHOUSE LA, SCARBOROUGH, NORTH YORKSHIRE, YO11 1DW. |
|
|
TUNNEL IND EST, LONDON RD, GRAYS, ESSEX, RM20 3HH. |
|
|
17 FISHER ST, CARLISLE, CUMBRIA, CA3 8RF. |
|
|
UNIT B VALEGATE RETAIL PK, COPTHORNE WAY, CARDIFF, SOUTH GLAMORGAN,
CF5 6EH. |
|
|
UNIT A1 REGENTS PARK, ORDSALL LANE, SALFORD, LANCASHIRE, M5 3TP. |
|
|
UNIT A, RIVERSIDE, HEMEL HEMPSTEAD, HERTFORDSHIRE, HP1 1BT. |
|
|
THE FORUM CENTRE, THE FORUM, STEVENAGE, HERTFORDSHIRE, SG1 1ES. |
|
|
BLACK HORSE WAY, HORSHAM, WEST SUSSEX, RH12 1NU. |
|
|
CROSS KEYS SHOPPING CENTRE, SALISBURY, WILTSHIRE, SP1 1EY. |
|
|
UNIT A39, BROAD ST MALL, READING, BERKSHIRE, RG1 7QE. |
|
|
1 THE BREWERY, ROMFORD, ESSEX, RM1 1AU. |
|
|
GRAND MANSIONS, QUEENS GDNS, BROADSTAIRS, KENT, CT10 1QF. |
|
|
150-154 LEWISHAM HIGH ST, LONDON, SE13 6JL. |
|
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WATLING ST, BLETCHLEY MILTON KEYNES, BUCKINGHAMSHIRE, MK1 1BN. |
|
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UNIT 11, WEAVERS WHARF, KIDDERMINSTER, WORCESTERSHIRE, DY10 1AA. |
|
|
1 CHURCH ST, BURNLEY, LANCASHIRE, BB11 2DL. |
|
|
53-57 CHURCH ST, LIVERPOOL, MERSEYSIDE, L1 1DE. |
|
Subsidiaries |
TJX EUROPE BUYING (DEUTSCHLAND) LIMITED |
|
|
TJX EUROPE BUYING (POLSKA) LIMITED |
|
|
TJX EUROPE BUYING GROUP LIMITED |
|
|
TJX EUROPE BUYING LIMITED |
|
|
TJX IRELAND, a company incorporated in IRISH REPUBLIC |
|
Date |
Monthly Credit Guide |
|
17/05/2013 |
1,125,000 |
|
17/02/2013 |
1,125,000 |
|
17/11/2012 |
1,125,000 |
|
17/08/2012 |
1,125,000 |
|
17/05/2012 |
1,125,000 |
|
Search History Summary |
|
Last 3 Months |
Last 6 Months |
Last 12 Months |
|
33 |
68 |
124 |
|
Search History Details |
|
|
|
The Search History Details shows details of the most recent 40
searches |
|
Date |
Description |
|
14/05/2013 |
Miscellaneous |
|
13/05/2013 |
Miscellaneous |
|
08/05/2013 |
Miscellaneous |
|
02/05/2013 |
Miscellaneous |
|
02/05/2013 |
Miscellaneous |
|
29/04/2013 |
Miscellaneous |
|
26/04/2013 |
Miscellaneous |
|
24/04/2013 |
Miscellaneous |
|
24/04/2013 |
Miscellaneous |
|
23/04/2013 |
Miscellaneous |
|
16/04/2013 |
Miscellaneous |
|
09/04/2013 |
Miscellaneous |
|
05/04/2013 |
Miscellaneous |
|
04/04/2013 |
Miscellaneous |
|
04/04/2013 |
Miscellaneous |
|
02/04/2013 |
Miscellaneous |
|
28/03/2013 |
Miscellaneous |
|
26/03/2013 |
Miscellaneous |
|
25/03/2013 |
Miscellaneous |
|
25/03/2013 |
Miscellaneous |
|
22/03/2013 |
Miscellaneous |
|
20/03/2013 |
Miscellaneous |
|
20/03/2013 |
Miscellaneous |
|
19/03/2013 |
Miscellaneous |
|
14/03/2013 |
Miscellaneous |
|
12/03/2013 |
Miscellaneous |
|
08/03/2013 |
Miscellaneous |
|
08/03/2013 |
Miscellaneous |
|
06/03/2013 |
Miscellaneous |
|
05/03/2013 |
Miscellaneous |
|
01/03/2013 |
Miscellaneous |
|
26/02/2013 |
Manufacture of rubber tyres and tubes; retreading and rebuilding of
rubber tyres |
|
26/02/2013 |
Miscellaneous |
|
14/02/2013 |
Miscellaneous |
|
13/02/2013 |
Miscellaneous |
|
12/02/2013 |
Miscellaneous |
|
07/02/2013 |
Miscellaneous |
|
06/02/2013 |
Miscellaneous |
|
06/02/2013 |
Miscellaneous |
|
04/02/2013 |
Miscellaneous |
|
Summary of CCJ's/Scottish Decrees |
|
Period |
Last 72 Months |
Last 36 Months |
Last 18 Months |
|
Amount Summary |
125 |
125 |
125 |
|
Count Summary |
1 |
1 |
1 |
|
Unsettled Amount Summary |
125 |
125 |
125 |
|
Highest Amount Summary |
125 |
125 |
125 |
|
Details of the most recent CCJ's/Scottish
Decrees |
|
Date |
Amount |
Type |
Case No |
Satisfied |
Court |
|
11/01/2013 |
125 |
Judgment |
2QZ50432 |
|
NORTHAMPTON CCBC |
|
Total Number of Mortgages/Charges Registered |
1 |
|
Number Outstanding |
1 |
|
Number Partially Satisfied |
0 |
|
Number Satisfied |
0 |
|
|
|
|
Date of Latest Mortgage Created |
02/08/2010 |
|
Date Fully |
Date |
Date |
Charge |
Form Type |
Lender |
|
|
04/08/2010 |
02/08/2010 |
Security Over Cash Agreement |
MG01 |
Deutsche Bank Ag, London Branch |
|
It should be noted that there is no legal requirement to file satisfaction
details of mortgages/charges at Companies House. |
|
Date |
Source |
Description |
|
09/11/2012 |
Companies House Gazette |
Notification of any change among the company's directors |
|
27/10/2012 |
Companies House Gazette |
Notification of any change among the company's directors |
|
26/10/2012 |
Companies House Gazette |
All documents required to be delivered to the registrar under section
441 (annual accounts and reports) |
|
23/02/2012 |
Companies House Gazette |
Notification of any change among the company's directors |
|
30/01/2012 |
Companies House Gazette |
Notification of any change among the company's directors |
|
15/11/2011 |
Companies House Gazette |
Notification of any change among the company's directors |
|
03/03/2011 |
Companies House Gazette |
Notification of any change among the company's directors |
|
17/01/2011 |
Companies House Gazette |
Notification of any change among the company's directors |
|
17/03/2008 |
Companies House Gazette |
Alteration in memorandum or articles of association |
|
21/09/2006 |
Companies House Gazette |
Change among directors of a company |
|
11/04/2006 |
Companies House Gazette |
Change among directors of a company |
|
21/10/2005 |
Companies House Gazette |
Change among directors of a company |
|
16/08/2004 |
Companies House Gazette |
Change among directors of a company |
|
29/07/2004 |
Companies House Gazette |
Alteration in memorandum or articles of association |
|
12/06/2003 |
Companies House Gazette |
Alteration in memorandum or articles of association |
|
13/03/2002 |
Companies House Gazette |
Change among directors of a company |
|
06/02/2001 |
Companies House Gazette |
Alteration in memorandum or articles of association |
|
06/02/2001 |
Companies House Gazette |
Resolutions which give vary |
|
11/07/2000 |
Companies House Gazette |
Change among directors of a company |
|
20/05/1998 |
Companies House Gazette |
Change among directors of a company |
|
Secretary |
ANN MCCAULEY |
|
Service Address |
50 CLARENDON ROAD, WATFORD, HERTFORDSHIRE, WD17 1TX. |
|
Country of Origin |
UNITED KINGDOM |
|
Appointment Date |
07/06/2005 |
|
|
|
|
Service Address |
50 CLARENDON ROAD, WATFORD, HERTFORDSHIRE, WD17 1TX. |
|
Country of Origin |
UNITED KINGDOM |
|
Appointment Date |
07/06/2005 |
|
|
|
|
Service Address |
50 CLARENDON ROAD, WATFORD, HERTFORDSHIRE, WD17 1TX. |
|
Country of Origin |
UNITED KINGDOM |
|
Appointment Date |
07/06/2005 |
|
|
|
|
Service Address |
50 CLARENDON ROAD, WATFORD, HERTFORDSHIRE, WD17 1TX. |
|
Country of Origin |
UNITED KINGDOM |
|
Appointment Date |
03/06/2008 |
|
Director |
MARY BLIER REYNOLDS |
|
Service Address |
50 CLARENDON ROAD, WATFORD, HERTFORDSHIRE, WD17 1TX. |
|
Country of Origin |
USA |
|
Date of Birth |
05/12/1955 |
|
Appointment Date |
06/06/2006 |
|
Other Directorships |
TK MAXX, TJX EUROPE BUYING (DEUTSCHLAND) LIMITED, TJX EUROPE
LIMITED, TJX EUROPE BUYING GROUP LIMITED, TJX EUROPE BUYING
(POLSKA) LIMITED, TJX EUROPE BUYING LIMITED |
|
|
|
|
Service Address |
50 CLARENDON ROAD, WATFORD, HERTFORDSHIRE, WD17 1TX. |
|
Country of Origin |
UNITED KINGDOM |
|
Date of Birth |
23/07/1956 |
|
Appointment Date |
29/01/2012 |
|
Other Directorships |
TJX EUROPE LIMITED |
|
|
|
|
Service Address |
50 CLARENDON ROAD, WATFORD, HERTFORDSHIRE, WD17 1TX. |
|
Country of Origin |
USA |
|
Date of Birth |
26/01/1967 |
|
Appointment Date |
19/10/2012 |
|
Other Directorships |
TK MAXX, TJX EUROPE BUYING (DEUTSCHLAND) LIMITED, TJX EUROPE
LIMITED, TJX EUROPE BUYING GROUP LIMITED, TJX EUROPE BUYING
(POLSKA) LIMITED, TJX EUROPE BUYING LIMITED, NBC EUROPE LTD. |
|
|
|
|
Service Address |
50 CLARENDON ROAD, WATFORD, HERTFORDSHIRE, WD17 1TX. |
|
Country of Origin |
USA |
|
Date of Birth |
29/01/1954 |
|
Appointment Date |
19/10/2012 |
|
Other Directorships |
TK MAXX, TJX EUROPE BUYING (DEUTSCHLAND) LIMITED, TJX EUROPE
LIMITED, TJX EUROPE BUYING GROUP LIMITED, TJX EUROPE BUYING
(POLSKA) LIMITED, TJX EUROPE BUYING LIMITED, NBC EUROPE LTD. |
|
Shares |
Redeemable Preference GBP 1.00 |
|
Issued Number |
25,335,000 |
|
Shares |
Ordinary GBP 1.00 |
|
Issued Number |
48,888,263 |
|
Principal Shareholder |
48,888,262 TJX Europe Ltd |
|
|
25,335,000 TJX Europe Ltd |
|
|
1 TK Maxx |
|
The above reflects the principle shareholder(s) by number of shares
held, irrespective of share classification type. |
|
Holding Company |
TJX EUROPE LIMITED |
|
Ultimate Parent |
TJX COMPANIES, INC., a company incorporated in USA |
For annual accounts images, view the
|
Profit and Loss |
|
The following figures are shown in units of 1000 |
|
Number of Weeks |
52 |
52 |
52 |
53 |
|
Accounts Date |
28/01/2012 |
29/01/2011 |
30/01/2010 |
31/01/2009 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
SALES |
1353600 |
1264884 |
1194312 |
1122197 |
|
Cost of goods sold |
1200500 |
1136190 |
1013448 |
976936 |
|
GROSS PROFIT |
153100 |
128694 |
180864 |
145261 |
|
Wages and Salaries |
194900 |
177386 |
175104 |
159602 |
|
Directors Emoluments |
4100 |
1307 |
972 |
947 |
|
Auditors Fees |
300 |
295 |
47 |
69 |
|
Trading Profit |
68300 |
72002 |
114507 |
81420 |
|
Depreciation |
44500 |
37259 |
34998 |
32042 |
|
OPERATING PROFIT |
23800 |
34743 |
79509 |
49378 |
|
Non Trading Income |
12800 |
57344 |
(1202) |
(410) |
|
Interest Payable |
1200 |
51 |
14 |
90 |
|
PRE TAX PROFIT |
35400 |
92036 |
78293 |
48878 |
|
Taxation |
5700 |
9643 |
19932 |
17888 |
|
PROFIT AFTER TAX |
29700 |
82393 |
58361 |
30990 |
|
RETAINED PROFITS |
29700 |
82393 |
58361 |
30990 |
|
Balance Sheet |
|
The following figures are shown in units of 1000 |
|
Number of Weeks |
52 |
52 |
52 |
53 |
|
Accounts Date |
28/01/2012 |
29/01/2011 |
30/01/2010 |
31/01/2009 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
TOTAL FIXED ASSETS |
279900 |
276419 |
240859 |
234255 |
|
Tangible Assets |
279900 |
276419 |
240859 |
234255 |
|
Fixed Assets |
278600 |
275103 |
239565 |
233391 |
|
Intermediate assets |
1300 |
1316 |
1294 |
864 |
|
TOTAL CURRENT ASSETS |
396900 |
350745 |
245324 |
175210 |
|
Trade debtors |
1900 |
3258 |
542 |
1623 |
|
Stocks |
185100 |
175314 |
122957 |
111047 |
|
Other Current Assets |
209900 |
172173 |
121825 |
62540 |
|
Misc Current Assets |
22200 |
19059 |
13399 |
12735 |
|
Due From Group |
119800 |
110698 |
14382 |
12449 |
|
Cash |
67900 |
42416 |
94044 |
37356 |
|
TOTAL ASSETS |
676800 |
627164 |
486183 |
409465 |
|
TOTAL CURRENT LIABILITIES |
238600 |
224325 |
180061 |
163624 |
|
Trade creditors |
135700 |
132900 |
90917 |
80571 |
|
Short Term Loans |
22200 |
12005 |
711 |
20173 |
|
Due To Group |
22200 |
12005 |
711 |
20173 |
|
Other Liabilities |
80700 |
79420 |
88433 |
62880 |
|
WORKING CAPITAL |
158300 |
126420 |
65263 |
11586 |
|
TOTAL LONG TERM LIABS |
67600 |
65967 |
55518 |
56862 |
|
Long Term Loans |
25300 |
25335 |
25335 |
25335 |
|
Other Finance |
25300 |
25335 |
25335 |
25335 |
|
Other Liabilities |
42300 |
40632 |
30183 |
31527 |
|
NET ASSETS/(LIABILITIES) |
370600 |
336872 |
250604 |
188979 |
|
SHARE CAPITAL + RESERVES |
370600 |
336872 |
250604 |
188979 |
|
Share Cap + Sundry Res |
82600 |
78558 |
74683 |
71419 |
|
Issued Share Capital |
48900 |
48888 |
48888 |
48888 |
|
Sundry Reserves |
33700 |
29670 |
25795 |
22531 |
|
Profit and Loss account |
288000 |
258314 |
175921 |
117560 |
|
SHAREHOLDERS FUNDS |
370600 |
336872 |
250604 |
188979 |
|
CAPITAL EMPLOYED |
438200 |
402839 |
306122 |
245841 |
|
Financial Comparison |
|
The following figures are shown in units of 1000 |
|
Number of Weeks |
52 |
52 |
52 |
53 |
|
Accounts Date |
28/01/2012 |
29/01/2011 |
30/01/2010 |
31/01/2009 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Directors Remuneration |
4100 |
1307 |
972 |
947 |
|
Auditors Remuneration |
300 |
295 |
47 |
69 |
|
Liquid Assets |
69800 |
45674 |
94586 |
38979 |
|
Net Working Capital |
158300 |
126420 |
65263 |
11586 |
|
Long Term Debt(>12 Months) |
25300 |
25335 |
25335 |
25335 |
|
Other Deferred Liabs |
42300 |
40632 |
30183 |
31527 |
|
Tangible Net Worth(T.N.W) |
370600 |
336872 |
250604 |
188979 |
|
Equity |
370600 |
336872 |
250604 |
188979 |
|
Number of Years Trading |
17 |
16 |
15 |
14 |
|
Number of Employees |
14239 |
15066 |
13382 |
13280 |
|
Profit per Employee |
2486.1 |
6108.9 |
5850.6 |
3680.6 |
|
Sales per Employee |
95062.9 |
83956.2 |
89247.6 |
84502.8 |
|
Key Credit Ratios |
|
The following figures are shown as Ratios or Percentages |
|
Accounts Date |
28/01/2012 |
29/01/2011 |
30/01/2010 |
31/01/2009 |
|
Current Ratio |
1.7 |
1.6 |
1.4 |
1.1 |
|
Long Term Debt/T.N.W |
0.1 |
0.1 |
0.1 |
0.1 |
|
Pre Tax Profit Margin% |
2.6 |
7.3 |
6.6 |
4.4 |
|
Gross Profit% |
11.3 |
10.2 |
15.1 |
12.9 |
|
Debtors Days (D.S.O) |
1 |
1 |
|
1 |
|
Creditors Days (D.P.O) |
37 |
38 |
28 |
26 |
|
Quick Ratio |
0.9 |
0.8 |
0.7 |
0.4 |
|
W.I.P/Inventory Days |
56.3 |
56.3 |
44.3 |
41.5 |
|
Return on Investment% |
7.9 |
22.2 |
25.5 |
18.4 |
|
Return on Assets% |
5.2 |
14.7 |
16.1 |
11.9 |
|
T.N.W/Total Assets% |
54.8 |
53.7 |
51.5 |
46.2 |
|
Return on Capital% |
8.1 |
22.8 |
25.6 |
19.9 |
|
Rtn on Shareholders Funds% |
9.6 |
27.3 |
31.2 |
25.9 |
|
Working Capital/Sales% |
11.7 |
10 |
5.5 |
1 |
|
Borrowing Ratio% |
12.8 |
11.1 |
10.4 |
24.1 |
|
Equity Gearing% |
121 |
116 |
106.4 |
85.7 |
|
Stock Turnover |
7.3 |
7.2 |
9.7 |
10.1 |
|
Days Purchases Outstanding |
41.3 |
42.7 |
32.7 |
30.1 |
|
Sales/Fixed Assets |
4.9 |
4.6 |
5 |
4.8 |
|
Debt Gearing |
6.8 |
7.5 |
10.1 |
13.4 |
|
Year |
2013 |
2012 |
2011 |
2010 |
|
Sample Size |
215 |
26262 |
38437 |
37439 |
|
Pre-Tax Profit Margin |
3.3 |
2.3 |
1.8 |
1.6 |
|
Current Ratio |
1.8 |
1.3 |
1.3 |
1.3 |
|
Borrowing Ratio |
(64.5) |
31.9 |
33.7 |
25.8 |
|
Return on Capital |
(24.9) |
33.6 |
34.1 |
38.7 |
|
Creditors Days |
46 |
86 |
106 |
109 |
|
Above figures relate to companies in 2003 Standard Industry
Classification (Nace) sector : Other retail sale of new goods in specialised
stores |
|
Auditors Qualification |
|
The Auditors have expressed a clean opinion (i.e. unqualified with no
referrals) on the accounts for the period ended 28/01/2012. |
|
Turnover |
|
Turnover has increased from GBP 1,264,884,000 to GBP 1,353,600,000, a growth
of 7 % in the period. |
|
Operating Profit |
|
Totalled GBP 23,800,000. In the year prior a Profit of GBP 34,743,000
was achieved. |
|
Pre Tax Profit |
|
The subject's profit decreased by 61 % over the previous year. |
|
Working Capital |
|
The company's working capital has increased by 25 % in the period. |
|
Net Worth |
|
Net worth has increased by 10 % and now stands at GBP 370,600,000. |
|
Fixed Assets |
|
The subject's fixed assets increased during the year by GBP 3,481,000 to
GBP 279,900,000 and are now 41 % of total assets compared with 44 % in the
previous year. |
|
Long Term Liabilities |
|
The company's long term liabilities increased during the period by 2% and
are now 18 % of net worth compared with 20 % in the previous period. |
|
Long Term Liabilities |
|
Long term liabilities are now 10 % of total liabilities compared with
11 % in the previous period. |
|
Long Term Liabilities |
|
Long term liabilities are 15 % of capital employed, a decrease of 1 %
over the previous period. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.88 |
|
|
1 |
Rs.83.66 |
|
Euro |
1 |
Rs.70.58 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.