MIRA INFORM REPORT
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Report Date : |
21.05.2013 |
IDENTIFICATION DETAILS
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Name : |
MOTHERCARE UK LTD. |
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Registered Office : |
Cherry Tree Road., Watford, WD24 6SH |
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Country : |
United Kingdom |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
08.05.1954 |
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Com. Reg. No.: |
00533087 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
retailer for
Prams, Pushchairs, Car Seats, Baby Clothes, Maternity Clothes, Nursery
Furniture, Toys & Gifts. |
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No. of Employees : |
8784 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made on
e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
United Kingdom |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
United Kingdom ECONOMIC OVERVIEW
The UK, a leading
trading power and financial center, is the 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 & address
Mothercare UK Ltd.
Cherry Tree Road
Watford, WD24 6SH
United Kingdom
Tel: 01923 241000
Web: www.mothercare.com
Synthesis
Employees: 8,784
Company Type: Private Subsidiary
Corporate Family: 44
Companies
Ultimate Parent: Mothercare
plc
Quoted Status: Non-quoted Company
Incorporation Date: 08-May-1954
Auditor: Deloitte LLP
Financials in: USD
(Millions)
Fiscal Year End:
31-Mar-2012
Reporting Currency: British
Pound Sterling
Annual Sales: 967.1
1
Net Income: (30.2)
Total Assets: 647.3
Business Description
Mothercare is the UK's number one retailer for Prams, Pushchairs, Car Seats, Baby Clothes, Maternity Clothes, Nursery Furniture, Toys & Gifts. Mothercare also has a wealth of pregnancy and parenting advice from our experts to answer all the Mums to be and parent questions... Ask your question using the search box above or browse through the categories on the left.
Industry
Industry Retail (Specialty)
ANZSIC 2006: 4279 - Other
Store-Based Retailing Not Elsewhere Classified
NACE 2002: 5248 - Other
retail sale in specialised stores
NAICS 2002: 453 -
Miscellaneous Store Retailers
UK SIC 2003: 5248 - Other
retail sale in specialised stores
UK SIC 2007: 477 - Retail sale
of other goods in specialised stores
US SIC 1987: 599 - Retail
Stores, Not Elsewhere Classified
Key Executives
|
Name |
Title |
|
Dominic Lavelle |
Interim CFO |
|
Timothy John Ashby |
Group General Counsel and Company Secretary, Mothercare plc |
|
Stephen McCready |
Information Architect |
|
Susan Eileen Malti |
Hr Director |
|
K. Hutton |
Assistant Manager |
Financial Summary
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1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6267523
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6281078
Corporate Overview
Location
Cherry Tree Road
Watford, WD24 6SH
Hertfordshire County
United Kingdom
Tel: 01923 241000
Web: www.mothercare.com
Sales GBP(mil): 606.1
Assets GBP(mil): 406.6
Employees: 8,784
Fiscal Year End: 31-Mar-2012
Industry: Retail
(Specialty)
Registered
Address:
Cherry Tree Road
Watford, WD24 6SH
United Kingdom
Incorporation Date: 08-May-1954
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(UK): 00533087
Hr Director: Susan
Eileen Malti
Industry Codes
ANZSIC 2006 Codes:
4279 - Other Store-Based Retailing Not Elsewhere Classified
4310 - Non-Store Retailing
NACE 2002 Codes:
5248 - Other retail sale in specialised stores
5261 - Retail sale via mail order house
NAICS 2002 Codes:
453 - Miscellaneous Store Retailers
454113 - Mail-Order Houses
US SIC 1987:
599 - Retail Stores, Not Elsewhere Classified
5961 - Catalog and Mail-order Houses
UK SIC 2003:
5248 - Other retail sale in specialised stores
5261 - Retail sale via mail order house
UK SIC 2007:
477 - Retail sale of other goods in specialised stores
4791 - Retail sale via mail order houses or via Internet
Business
Description
Specialist retailer of products for mothers to be, babies and children
up tothe age eight.
More Business
Descriptions
Mothercare is the
UK's number one retailer for Prams, Pushchairs, Car Seats, Baby Clothes,
Maternity Clothes, Nursery Furniture, Toys & Gifts. Mothercare also has a
wealth of pregnancy and parenting advice from our experts to answer all the
Mums to be and parent questions... Ask your question using the search box above
or browse through the categories on the left.
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Corporate Family |
Corporate
Structure News: |
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Mothercare
plc |
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Mothercare UK Ltd. |
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Company Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Watford |
United Kingdom |
Retail (Apparel) |
1,296.7 |
4,350 |
|
|
Subsidiary |
Watford |
United Kingdom |
Apparel and Accessories |
43.5 |
745 |
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UK Branch/Trading address |
Leicester |
United Kingdom |
Retail (Apparel) |
1,296.7 |
25 |
|
|
UK Branch/Trading address |
Milton Keynes |
United Kingdom |
Retail (Apparel) |
1,296.7 |
10 |
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UK Branch/Trading address |
Mansfield |
United Kingdom |
Retail (Apparel) |
1,296.7 |
10 |
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|
UK Branch/Trading address |
Redhill |
United Kingdom |
Retail (Apparel) |
1,296.7 |
7 |
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Subsidiary |
Watford |
United Kingdom |
Business Services |
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Subsidiary |
Watford |
United Kingdom |
Business Services |
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Subsidiary |
Watford |
United Kingdom |
Retail (Specialty) |
967.1 |
8,784 |
|
|
Subsidiary |
Stoke-On-Trent |
United Kingdom |
Retail (Grocery) |
|
1,000 |
|
|
Subsidiary |
Glastonbury |
United Kingdom |
Retail (Specialty) |
0.1 |
2 |
|
|
UK Branch/Trading address |
Grimsby |
United Kingdom |
Retail (Apparel) |
967.1 |
11 |
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Subsidiary |
Watford |
United Kingdom |
Printing and Publishing |
0.5 |
7 |
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Subsidiary |
Hertfordshire |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
London |
United Kingdom |
Business Services |
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Subsidiary |
Mumbai, Maharashtra |
India |
Apparel and Accessories |
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Subsidiary |
Watford |
United Kingdom |
Business Services |
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Subsidiary |
Watford |
United Kingdom |
Business Services |
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|
Subsidiary |
Birmingham |
United Kingdom |
Commercial Banks |
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Subsidiary |
Watford |
United Kingdom |
Nonclassifiable Industries |
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|
Subsidiary |
Watford |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Watford |
United Kingdom |
Business Services |
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Subsidiary |
Watford |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Watford |
United Kingdom |
Nonclassifiable Industries |
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|
Subsidiary |
Birmingham |
United Kingdom |
Nonclassifiable Industries |
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|
Subsidiary |
Watford |
United Kingdom |
Nonclassifiable Industries |
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|
Subsidiary |
Birmingham |
United Kingdom |
Business Services |
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Subsidiary |
Watford |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Birmingham |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Watford |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Birmingham |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Watford |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Watford |
United Kingdom |
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Subsidiary |
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Subsidiary |
Watford |
United Kingdom |
Commercial Banks |
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Subsidiary |
Birmingham |
United Kingdom |
Nonclassifiable Industries |
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|
Subsidiary |
Watford |
United Kingdom |
Nonclassifiable Industries |
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|
Subsidiary |
Watford |
United Kingdom |
Retail (Specialty) |
276.3 |
732 |
|
|
Subsidiary |
Watford |
United Kingdom |
Business Services |
0.8 |
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Subsidiary |
Birmingham |
United Kingdom |
Nonclassifiable Industries |
|
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|
Subsidiary |
Birmingham |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Watford |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Birmingham |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Watford |
United Kingdom |
Retail (Apparel) |
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Executive report
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Board of
Directors |
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Group General Counsel and Company Secretary, Mothercare plc |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Hr Director |
Director/Board Member |
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Director |
Director/Board Member |
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Executives |
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Group General Counsel and Company Secretary, Mothercare plc |
Company Secretary |
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Head of International Finance |
Finance Executive |
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Interim CFO |
Finance Executive |
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Hr Director |
Human Resources Executive |
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Information Architect |
Information Executive |
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Assistant Manager |
Other |
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Website Manager |
Other |
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Directors and Shareholders Report
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Main Office Address: |
Tel: 01923 241000 |
Annual Return Date: 03 Aug 2012 |
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Individual Directors |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
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Current |
27 Dec 1962 |
Cherry Tree Road, |
15 Feb 2013 |
NA |
Current:2 |
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Current |
07 May 1962 |
Cherry Tree Road, Watford, |
30 Apr 2012 |
NA |
Current:1 |
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Current |
24 Jul 1964 |
26 Foley Road, Claygate, |
30 Apr 2012 |
NA |
Current:4 |
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Current |
22 Dec 1961 |
Cherry Tree Road, Watford, |
15 Feb 2013 |
NA |
Current:2 |
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|
|
Current |
02 Jan 1968 |
36-38 Cornhill, London, |
15 Feb 2013 |
NA |
Current:2 |
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|
Current |
18 Jun 1960 |
198 London Road, Aston Clinton, |
28 Dec 2005 |
NA |
Current:5 |
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|
Previous |
14 Sep 1951 |
Meadow House Chapel Lane, Chilton, |
03 Aug 1992 |
30 May 2002 |
Current:1 |
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Previous |
17 Jun 1945 |
10 Lower Addison Gardens, |
03 Aug 1992 |
NA |
Current:0 |
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Previous |
19 Nov 1945 |
7 Claremont Road, |
12 Oct 1992 |
04 Feb 1995 |
Current:0 |
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Previous |
24 Mar 1959 |
Dormitory Cottage 4 High Street, Cranford, |
27 Nov 1996 |
01 Jan 1999 |
Current:0 |
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Previous |
17 Nov 1962 |
Flat 1 61 Redington Road, Hampstead, |
NA |
27 Feb 1997 |
Current:1 |
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Previous |
04 Jul 1963 |
Murren House Rushmere Lane, Orchard Leigh, |
01 Aug 1996 |
01 Jan 1999 |
Current:0 |
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Previous |
26 Apr 1953 |
3 Greenswood, Bearley, |
30 Jul 1996 |
27 Feb 1997 |
Current:0 |
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Previous |
24 Jun 1966 |
40 Kings Road, |
13 Sep 1996 |
07 Jan 2000 |
Current:0 |
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Previous |
16 Jul 1960 |
The Old School House, Bovingdon Green, |
25 May 2000 |
14 Jul 2002 |
Current:38 |
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Previous |
03 May 1958 |
11 Poppy Walk, St James Road, |
17 Apr 2001 |
03 Mar 2003 |
Current:4 |
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Previous |
01 Jul 1952 |
Rose Cottage, Knossington, |
03 Aug 1992 |
NA |
Current:0 |
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Previous |
25 Feb 1944 |
20 Abbey Road Flat 3, St.Johns Wood, |
03 Aug 1992 |
NA |
Current:0 |
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Previous |
07 Aug 1961 |
6 Courtneidge Close, |
17 Sep 2001 |
15 Jul 2003 |
Current:0 |
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Previous |
18 Apr 1957 |
Clements House 1279 London Road, |
04 Jan 2010 |
20 Jan 2012 |
Current:1 |
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Previous |
23 May 1962 |
Old Hall Cottage, 10 Main Street, |
NA |
25 May 2000 |
Current:2 |
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Previous |
12 Apr 1966 |
Kirkhill House Broom Road East, Newton Mearns, |
05 Feb 2001 |
28 Aug 2003 |
Current:6 |
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Previous |
03 May 1949 |
Rosebank 36 Chelmsford Road, Shenfield, |
NA |
20 Nov 1997 |
Current:5 |
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Previous |
21 May 1955 |
Southview The Bank Lighthorne, |
NA |
16 Oct 1998 |
Current:11 |
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Previous |
14 Jul 1949 |
Bracken Cottage Cherry Tree Lane, Fulmer, |
NA |
19 Jul 1996 |
Current:0 |
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Previous |
08 Sep 1958 |
4 Maple Place, High Beeches, |
NA |
11 Mar 1999 |
Current:0 |
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Previous |
02 Aug 1955 |
Babshole Farm Sudburys Farm Road, |
NA |
22 Jan 1993 |
Current:25 |
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Previous |
18 Oct 1960 |
Churchview, Horcott Road, |
02 Jan 2001 |
30 Dec 2005 |
Current:0 |
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|
Previous |
08 Aug 1959 |
Mothercare Group Foundation Cherry Tree Road, |
02 Dec 2002 |
17 Nov 2011 |
Current:1 |
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|
Previous |
28 Dec 1950 |
The Old School, Priors Hardwick, |
03 Jan 2003 |
16 Nov 2005 |
Current:1 |
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|
Previous |
28 May 1972 |
Cherry Tree Road, Watford, |
15 Aug 2011 |
08 Feb 2013 |
Current:0 |
|
|
|
Previous |
09 May 1957 |
22 Firs Walk, Tewin Wood, |
04 Mar 2003 |
28 Dec 2005 |
Current:0 |
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|
Previous |
14 Sep 1963 |
Silverstream The Drive, Ifold, |
22 Sep 2003 |
28 Jan 2011 |
Current:0 |
|
|
|
Previous |
12 Mar 1960 |
Orchard View 27 Woodhill Avenue, |
22 Aug 2003 |
20 Jan 2012 |
Current:0 |
|
|
|
Previous |
14 Feb 1957 |
The Cottage 7 Mill Lane, |
10 Jun 2002 |
12 Jun 2005 |
Current:1 |
|
|
|
Previous |
08 Jan 1971 |
Cherry Tree Road, Watford, |
20 Sep 2010 |
02 Dec 2011 |
Current:1 |
|
|
|
Previous |
27 Feb 1963 |
440-450 Cob Drive, Swan Valley, |
20 Jul 2012 |
01 Mar 2013 |
Current:6 |
|
|
|
Previous |
22 Mar 1953 |
Gravee Du Sud, The Grange, |
03 Aug 1992 |
31 Jul 1997 |
Current:0 |
|
|
|
Previous |
09 Nov 1956 |
9 School Close, |
04 Dec 2006 |
19 Oct 2012 |
Current:1 |
|
|
|
Previous |
25 Apr 1966 |
Cherry Tree Road, Watford, |
01 Dec 2005 |
16 Dec 2011 |
Current:0 |
|
|
|
Previous |
30 Aug 1963 |
The Old Vicarage, High Street, |
30 Jan 2006 |
20 Jul 2012 |
Current:0 |
|
|
|
Previous |
18 May 1967 |
75 Marlborough Road, Lancing Business Park, |
04 Aug 2008 |
11 Jun 2010 |
Current:2 |
|
|
|
Previous |
NA |
1 Horbury Crescent, |
20 Jun 2005 |
28 Sep 2007 |
Current:0 |
|
|
|
Previous |
17 Aug 1960 |
23 Station Road, Desford, |
20 Jun 2005 |
31 Aug 2007 |
Current:0 |
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Corporate Directors |
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There are no corporate directors for this company. |
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Individual Secretaries |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
07 May 1962 |
32 Goldsworth Road, |
30 Aug 2010 |
NA |
Current:36 |
|
|
|
Previous |
01 Oct 1954 |
Mothercare Group Foundation Cherry Tree Road, |
03 Aug 1992 |
30 Aug 2010 |
Current:1 |
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Corporate Secretaries |
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There are no corporate secretaries for this company. |
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Individual Shareholders |
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There are no individual shareholders for this company. |
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Corporate Shareholders |
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Company Name |
Registration Number |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
01289339 |
28445999 Ordinary GBP 1.00 |
Ordinary |
28,445,999 |
1.00 |
28,445,999.00 |
100.00 |
|
|
00354661 |
1 Ordinary GBP 1.00 |
Ordinary |
1 |
1.00 |
1.00 |
<0.01 |
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Annual
Profit & Loss
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2012 |
26-Mar-2011 |
27-Mar-2010 |
28-Mar-2009 |
29-Mar-2008 |
|
Period Length |
53 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.626752 |
0.644005 |
0.628176 |
0.590376 |
0.498398 |
|
Consolidated |
No |
No |
No |
No |
No |
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Turnover (UK) |
626.2 |
635.5 |
659.2 |
701.7 |
846.8 |
|
Turnover (Exports) |
341.0 |
258.2 |
235.9 |
207.2 |
194.2 |
|
Total Turnover |
967.1 |
893.8 |
895.2 |
908.9 |
1,041.1 |
|
Cost of Sales |
917.2 |
819.4 |
785.7 |
780.0 |
929.8 |
|
Gross Profit |
49.9 |
74.4 |
109.5 |
128.9 |
111.3 |
|
Depreciation |
27.7 |
25.5 |
24.3 |
25.1 |
28.0 |
|
Other Expenses |
87.8 |
44.4 |
65.2 |
61.3 |
68.9 |
|
Operating Profit |
- |
30.0 |
44.3 |
- |
- |
|
Other Income |
23.3 |
22.1 |
16.3 |
22.1 |
27.9 |
|
Interest Paid |
21.6 |
21.0 |
18.2 |
19.5 |
20.6 |
|
Exceptional Income |
0.0 |
-9.3 |
-5.1 |
-5.6 |
-33.7 |
|
Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit Before Taxes |
-36.2 |
21.8 |
37.3 |
64.6 |
16.1 |
|
Tax Payable / Credit |
-6.0 |
3.2 |
10.9 |
18.1 |
7.6 |
|
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 |
-30.2 |
18.5 |
26.4 |
46.5 |
8.5 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
0.2 |
0.2 |
0.2 |
0.7 |
0.7 |
|
Non Audit Fees |
0.0 |
0.0 |
- |
- |
- |
|
Number of Employees |
8,784 |
5,516 |
5,367 |
5,377 |
5,347 |
|
Wages |
108.5 |
106.8 |
104.7 |
116.9 |
120.1 |
|
Social Security Costs |
7.2 |
7.2 |
7.2 |
9.9 |
7.1 |
|
Pensions |
0.1 |
0.2 |
0.2 |
0.2 |
0.3 |
|
Other Pension Costs |
4.0 |
5.7 |
3.8 |
4.2 |
7.6 |
|
Employees Remuneration |
119.7 |
119.8 |
115.7 |
131.1 |
134.8 |
|
Directors Emoluments |
7.3 |
3.4 |
4.4 |
5.2 |
7.4 |
|
Other Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Directors Remuneration |
7.5 |
3.6 |
4.6 |
5.5 |
7.7 |
|
Highest Paid Director |
1.4 |
1.1 |
1.5 |
1.8 |
3.1 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Mar-2012 |
26-Mar-2011 |
27-Mar-2010 |
28-Mar-2009 |
29-Mar-2008 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.628108 |
0.621678 |
0.670938 |
0.698153 |
0.502715 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Land & Buildings |
64.1 |
75.6 |
76.7 |
70.8 |
95.4 |
|
Fixtures & Fittings |
84.9 |
84.5 |
77.3 |
72.4 |
96.8 |
|
Plant & Vehicles |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Tangible Fixed Assets |
149.0 |
160.1 |
154.1 |
143.2 |
192.2 |
|
Intangible Assets |
16.5 |
18.4 |
18.6 |
19.4 |
29.0 |
|
Investments |
107.4 |
107.5 |
97.4 |
92.0 |
127.1 |
|
Total Fixed Assets |
272.8 |
286.0 |
270.1 |
254.5 |
348.3 |
|
Stocks |
117.3 |
125.5 |
92.4 |
97.5 |
107.4 |
|
Work in Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
117.3 |
125.5 |
92.4 |
97.5 |
107.4 |
|
Trade Debtors |
56.8 |
62.2 |
46.0 |
38.4 |
40.5 |
|
Inter-Company Debtors |
109.3 |
81.2 |
57.2 |
18.8 |
24.3 |
|
Other Debtors |
26.4 |
13.8 |
36.4 |
32.4 |
39.6 |
|
Total Debtors |
192.5 |
157.2 |
139.7 |
89.6 |
104.5 |
|
Cash and Equivalents |
64.7 |
128.0 |
84.2 |
84.2 |
93.2 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
2.8 |
|
Total Current Assets |
374.4 |
410.7 |
316.3 |
271.3 |
307.9 |
|
Total Assets |
647.3 |
696.7 |
586.3 |
525.8 |
656.2 |
|
Trade Creditors |
87.9 |
92.9 |
65.9 |
58.2 |
132.2 |
|
Bank Overdraft |
- |
- |
- |
- |
61.5 |
|
Inter-Company Creditors |
182.0 |
190.4 |
120.8 |
103.9 |
5.2 |
|
Accruals/Deferred Income (Current Liability) |
42.1 |
43.6 |
62.0 |
49.4 |
70.8 |
|
Social Security/VAT |
3.3 |
2.7 |
5.7 |
2.8 |
- |
|
Corporation Tax |
0.0 |
0.0 |
4.9 |
3.7 |
- |
|
Other Current Liabilities |
17.5 |
25.4 |
9.2 |
5.9 |
5.3 |
|
Total Current Liabilities |
332.8 |
354.9 |
268.6 |
224.0 |
275.0 |
|
Group Loans (Long Term Liability) |
113.5 |
114.7 |
106.3 |
102.1 |
147.4 |
|
Director Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Hire Purchase (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Leasing (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Hire Purchase Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Loans |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accruals/Deferred Income (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Liabilities |
18.5 |
24.6 |
17.4 |
10.0 |
10.3 |
|
Total Long Term Liabilities |
132.0 |
139.2 |
123.6 |
112.2 |
157.7 |
|
Deferred Taxation |
3.5 |
0.6 |
6.2 |
4.9 |
3.2 |
|
Other Provisions |
88.6 |
53.6 |
69.3 |
36.5 |
29.2 |
|
Total Provisions |
92.2 |
54.2 |
75.5 |
41.4 |
32.4 |
|
Issued Capital |
45.3 |
45.8 |
42.4 |
40.7 |
56.6 |
|
Share Premium Accounts |
56.6 |
57.2 |
53.0 |
50.9 |
70.7 |
|
Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
-11.6 |
45.5 |
23.2 |
56.7 |
63.8 |
|
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 |
90.3 |
148.4 |
118.6 |
148.3 |
191.1 |
|
Net Worth |
73.8 |
130.0 |
100.0 |
129.0 |
162.1 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Mar-2012 |
26-Mar-2011 |
27-Mar-2010 |
28-Mar-2009 |
29-Mar-2008 |
|
Period Length |
53 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.626752 |
0.644005 |
0.628176 |
0.590376 |
0.498398 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
Annual Ratios
Financials in: USD (mil)
|
|
31-Mar-2012 |
26-Mar-2011 |
27-Mar-2010 |
28-Mar-2009 |
29-Mar-2008 |
|
Period Length |
53 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.628108 |
0.621678 |
0.670938 |
0.698153 |
0.502715 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
1.13 |
1.16 |
1.18 |
1.21 |
1.12 |
|
Liquidity Ratio |
0.77 |
0.80 |
0.83 |
0.78 |
0.73 |
|
Stock Turnover |
8.07 |
7.38 |
9.07 |
7.89 |
9.61 |
|
Credit Period (Days) |
21.90 |
24.54 |
20.05 |
18.22 |
14.33 |
|
Working Capital by Sales |
4.40% |
6.02% |
5.69% |
6.16% |
3.18% |
|
Trade Credit by Debtors |
1.55 |
1.49 |
1.43 |
1.52 |
3.26 |
|
Return on Capital |
-11.26% |
6.60% |
10.98% |
18.10% |
4.18% |
|
Return on Assets |
-5.47% |
3.24% |
5.95% |
10.39% |
2.43% |
|
Profit Margin |
-3.74% |
2.44% |
4.16% |
7.11% |
1.54% |
|
Return on Shareholders Funds |
-39.22% |
15.21% |
29.41% |
36.83% |
8.34% |
|
Borrowing Ratio |
400.51% |
234.67% |
227.02% |
159.77% |
132.02% |
|
Equity Gearing |
13.95% |
21.30% |
20.23% |
28.21% |
29.12% |
|
Debt Gearing |
153.83% |
88.21% |
106.25% |
79.18% |
90.91% |
|
Interest Coverage |
-1.67 |
1.04 |
2.04 |
3.32 |
0.78 |
|
Sales by Tangible Assets |
6.36 |
5.78 |
5.44 |
5.37 |
5.37 |
|
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 |
0.2 |
0.2 |
0.1 |
0.2 |
|
Capital Employed per Employee |
0.0 |
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 |
12.38% |
13.40% |
12.93% |
14.42% |
12.95% |
|
Creditor Days (Cost of Sales Based) |
35.72 |
39.93 |
32.72 |
32.19 |
52.36 |
|
Creditor Days (Sales Based) |
33.87 |
36.61 |
28.72 |
27.63 |
46.76 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.04 |
|
UK Pound |
1 |
Rs.83.61 |
|
Euro |
1 |
Rs.70.68 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.