MIRA INFORM REPORT

 

 

Report Date :

02.10.2013

 

IDENTIFICATION DETAILS

 

Name :

RIVER ISLAND CLOTHING CO LTD

 

 

Formerly Known as:

Chelsea Girl Ltd.

 

 

Registered Office :

Chelsea House, West Gate, London, W5 1DR

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

31.08.1959

 

 

Com. Reg. No.:

00636095

 

 

Legal Form :

Private Subsidiary Company

 

 

Line of Business :

Subject is engaged in designing and retailing of men’s and women’s clothing, footwear, accessories and cosmetics.

 

 

No. of Employees :

3,102

 

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 :

Regular

 

 

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

 

 


Company name & address

 

River Island Clothing Co Ltd

Chelsea House, Westgate

London, W5 1DR

United Kingdom

Tel:       020 8991 4500

Fax:      020 8991 4523

Web:     www.riverisland.com  

 

 

synthesis

 

Employees:                 3,102

Company Type:             Private Subsidiary

Corporate Family:          71 Companies

Ultimate Parent:            Lfh International Ltd.

Quoted Status:             Non-quoted Company

Incorporation Date:        31-Aug-1959

Auditor:                                   BDO LLP         

Financials in:                 USD (Millions)

Fiscal Year End:            25-Dec-2010

Reporting Currency:       British Pound Sterling

Annual Sales:               1,239.4  1

Net Income:                  153.5

Total Assets:                 753.2  2

 

 

Business Description     

 

River Island Clothing Co. Ltd. (River Island) designs and retails men’s and women’s clothing, footwear, accessories and cosmetics. River Island has nearly 300 stores across the United kingdom, Ireland and internationally throughout Asia, the Middle East and Europe. In addition to its shops, River Island retails through mail order catalogue and Website. In addition to its store card, River Island accepts a range of payment methods from customers, including cash, cheque, credit and debit cards. The majority of products are designed in-house and sold principally under the River Island brand, although other River Island owned brands are used. River Island operates a global supply chain network, sourcing and manufacturing its products throughout the world. For the fiscal year ended 25 December 2010, River Island Clothing Co's, revenue decreased 3% to £802.2M. Net income decreased 21% to £99.3M. Revenue reflects a decrease in income from UK and rest of Europe region. Net income also reflects a higher depreciation expenses, a rise in distribution & administration expenses, lower operating profit margin, reduced gross profit margin and an increase in interest expenses.

 

Industry            

Industry           Clothing and Apparel Manufacturing

ANZSIC 2006:   1351 - Clothing Manufacturing

ISIC Rev 4:        1410 - Manufacture of wearing apparel, except fur apparel

NACE Rev 2:     1414 - Manufacture of underwear

NAICS 2012:     315220 - Men’s and Boys’ Cut and Sew Apparel Manufacturing

UK SIC 2007:    14141 - Manufacture of men's underwear

US SIC 1987:    2321 - Men's and Boys' Shirts, Except W

 

 

Key Executives   

 

Name

Title

Peter Mahaffey

Data Services Team Leader

Vanessa Jane Lewis

Fashion Director

Bernard Lewis

Director

Simon Lewis

Director

Benjamin Joseph Lewis

Director

 

             

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6472315

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.647333

 

 

Corporate Overview

 

Location

Chelsea House, Westgate

London, W5 1DR

London County

United Kingdom

Tel:       020 8991 4500

Fax:      020 8991 4523

Web:    www.riverisland.com

           

Sales GBP(mil):             802.2

Assets GBP(mil):           487.5

Employees:                  3,102

Fiscal Year End:            25-Dec-2010

Industry:                       Apparel and Accessories

           

Registered Address:

Chelsea House

West Gate

London, W5 1DR

United Kingdom

 

Incorporation Date:        31-Aug-1959

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Previous Name:             Chelsea Girl Ltd.

Registered No.(UK):      00636095

Fashion Director:           Vanessa Jane Lewis


Industry Codes

 

ANZSIC 2006 Codes:

1351     -          Clothing Manufacturing

4251     -          Clothing Retailing

1352     -          Footwear Manufacturing

4259     -          Other Personal Accessory Retailing

 

ISIC Rev 4 Codes:

1410     -          Manufacture of wearing apparel, except fur apparel

4771     -          Retail sale of clothing, footwear and leather articles in specialized stores

1520     -          Manufacture of footwear

 

NACE Rev 2 Codes:

1414     -          Manufacture of underwear

1419     -          Manufacture of other wearing apparel and accessories n.e.c.

4771     -          Retail sale of clothing in specialised stores

1520     -          Manufacture of footwear

1413     -          Manufacture of other outerwear

 

NAICS 2012 Codes:

315220  -          Men’s and Boys’ Cut and Sew Apparel Manufacturing

448190  -          Other Clothing Stores

315280  -          Other Cut and Sew Apparel Manufacturing

316210  -          Footwear Manufacturing

315240  -          Women’s, Girls’, and Infants’ Cut and Sew Apparel Manufacturing

315210  -          Cut and Sew Apparel Contractors

448120  -          Women's Clothing Stores

448110  -          Men's Clothing Stores

 

US SIC 1987:

2321     -          Men's and Boys' Shirts, Except Work Shirts

5621     -          Women's Clothing Stores

3144     -          Women's Footwear, Except Athletic

2335     -          Women's, Misses', and Juniors' Dresses

2331     -          Women's, Misses', and Juniors' Blouses and Shirts

3143     -          Men's Footwear, Except Athletic

5611     -          Men's and Boys' Clothing and Accessory Stores

2389     -          Apparel and Accessories, Not Elsewhere Classified

2325     -          Men's and Boys' Separate Trousers and Slacks

5699     -          Miscellaneous Apparel and Accessory Stores

 

UK SIC 2007:

14141   -          Manufacture of men's underwear

1419     -          Manufacture of other wearing apparel and accessories n.e.c.

14132   -          Manufacture of women's outerwear, other than leather clothes and workwear

4771     -          Retail sale of clothing in specialised stores

1520     -          Manufacture of footwear

14131   -          Manufacture of men's outerwear, other than leather clothes and workwear

 


Business Description

River Island Clothing Co. Ltd. (River Island) designs and retails men’s and women’s clothing, footwear, accessories and cosmetics. River Island has nearly 300 stores across the United kingdom, Ireland and internationally throughout Asia, the Middle East and Europe. In addition to its shops, River Island retails through mail order catalogue and Website. In addition to its store card, River Island accepts a range of payment methods from customers, including cash, cheque, credit and debit cards. The majority of products are designed in-house and sold principally under the River Island brand, although other River Island owned brands are used. River Island operates a global supply chain network, sourcing and manufacturing its products throughout the world. For the fiscal year ended 25 December 2010, River Island Clothing Co's, revenue decreased 3% to £802.2M. Net income decreased 21% to £99.3M. Revenue reflects a decrease in income from UK and rest of Europe region. Net income also reflects a higher depreciation expenses, a rise in distribution & administration expenses, lower operating profit margin, reduced gross profit margin and an increase in interest expenses.

 

More Business Descriptions

River Island Clothing is one of the leading design companies in the United Kingdom. Designing most of the items it sells, the youth-oriented company operates more than 300 clothing, accessory, jewellery and footwear shops. River Island is among the best known brands in the United Kingdom. Selected products include shirts, tops, knitwear, jeans, trousers, jackets, footwear and other related accessories for both men and women. Skirts, dresses, and jewellery are also available for women. Lewis Trust, a well-known investment firm, owns the company. River Island sells its products mainly in the United Kingdom, Ireland, Poland and the Middle East. The company has headquarters in London. (Updated by OneSource Information Services)

 

Manufacture and retail trade in men's and women's fashionwear

 

Clothing Retailer

 

Manufacture and retail trade in men's and women's fashionwear

 

River Island Clothing Co. Limited (River Island) is a fashion clothing retailer. The company designs and produces custom apparel, and franchises for men, women, girls, boys, and kids. Its majority of products are designed in-house and sold mainly under the River Island brand, although other River Island owned brands are used. A small proportion of sales are attributable to third-party brands.River Island offers dresses,tops,blouses / shirts,t-shirts / vests / sweats, knitwear, jeans, leggings, coats / jackets, leather / leather look jackets,blazers,skirts,trousers, shorts, playsuits / jumpsuits,co-ordinates, nightwear / onesies and swimwear / beachwear for women. The company also offers shoes/boots, bags/purses, accessories, jewellary, watches, sunglasses and gifts/cosmetics for women. For the men, it offers clothing such as T-Shirts / Vests, Polo Shirts, Hoodies / Sweatshirts, Shirts, Knitwear, Coats / Jackets, Blazers, Jeans, Chinos, Trousers, Suits, Waistcoats, Shorts, Loungewear / Onesies and Underwear / Socks. River Island also offers shoes/boots, accessories, sunglasses, watches and gifts for men.The company offers dresses, T-shirts/vests/tops, cardigans/jumpers, coats/jackets, jeans, trousers/leggings, skirts/shorts, shoes/boots and accessories for girls; and T-shirts, hoodies/sweatshirts, shirts, cardigans/jumpers, coats/jackets, jeans, trousers/shorts, shoes/boots and accessories for boys. It also offers shoes/boots and accessories for boys. River Island offers clothing for girls such as Dresses, T-Shirts / Vests / Tops, Sweatshirts, Cardigans / Jumpers, Coats / Jackets, Jeans, Trousers / Leggings and Skirts / Shorts for girls. The company also offers shoes/boots, bags, accessories and jewellary for girls.It also offers product delivery services to Australia and New Zealand in Australasia; Cayman Islands, Jamaica, Trinidad and Tobago, Dominica, Anguilla, Antigua and Barbuda, Aruba, Bahamas, Barbados, Dominican Republic, Guadeloupe, Martinique, Montserrat, St Barthelemy (Guadeloupe), St Kitts and Nevis, St Lucia, St Vincent and the Grenadines, Turks and Caicos Islands in Caribbean; Brazil, Chile, Colombia, Panama, Puerto Rico, Uruguay, Mexico, Paraguay, Peru, Argentina, Bermuda, and Venezuela in Central and South America; Canada, North America; and Bahrain, Egypt, Israel, Jordan, Kuwait, Qatar, Saudi Arabia, and the UAE in the Middle East. Besides, the company offers UK Express Delivery Services.River Island has nearly 300 stores across the UK, Ireland and internationally throughout Asia, the Middle East and Europe. The company operates a global supply chain network, sourcing and manufacturing its products throughout the world. It also sells products online. River Island has stores operation in the UK, Ireland, Asia, the Middle East, the Far East, other parts of Europe, North America, Central and South America, Caribbean, Australasia, and Africa. The company operates as a subsidiary of River Island Holdings Limited.

 

River Island Clothing Co. Limited (River Island) is an in-store retailer. The company provides services in retailing of clothing, accessories, and jeweler. Its product portfolio comprises shirts, tops, knitwear, jeans, trousers, sunglasses, jackets, footwear, jewellery, suits, footwear and other related accessories for both men and women. The company’s mens clothing products include knitwear, coats or jackets, polo shirts, chinos, suits, shirts, shorts, blazers, hoodies or sweatshirts, loungewear or onesies. Its other products include jeans, underwear or socks, pants and vests. It markets jewelry, such as earrings, neck chains, necklaces or collars, and rings or belly bars. River Island accessory products comprise hats, scarves, underwear, gloves or umbrellas, shawls or capes, hair accessories, tights or socks, loungewear or slippers, belts, and ties; watches; sunglasses. River Island Clothing has operations in the United Kingdom, Ireland, the Middle East, and Asia, the Far East, parts of Europe, Central and South America, North America Caribbean, Australasia. River Island is headquartered in Westgate, London, the UK.

 

With over 60 years of fashion retailing experience, River Island is one of the most successful companies on the High Street. River Island has nearly 300 stores across the UK, Ireland and internationally throughout Asia, the Middle East and Europe. River Island is known for its stylish and affordable fashion and the unique touches we bring to our collections, which give us standout from the rest of the High Street. Our customers love us for our great going-out looks, amazing denim and fabulous shoes and bags, as well as being the perfect place to pick up everything you could need to get a complete head-to-toe look. At River Island we try really hard to bring new and original fashion to you, with design at the heart of absolutely everything we do. Almost everything is designed in-house and with one of the largest design teams on the High Street this means we can have fabulous new fashion arriving in-store and online every single week.

 

 

Financial Data

Financials in:

GBP(mil)

 

Revenue:

802.2

Net Income:

99.3

Assets:

487.5

Long Term Debt:

0.0

 

Total Liabilities:

288.7

 

Working Capital:

0.1

 

 

 

Date of Financial Data:

25-Dec-2010

 

1 Year Growth

-2.9%

NA

NA

Key Corporate Relationships

Auditor:

BDO LLP

 

Auditor:

BDO LLP, BDO LLP, Bdo LLP

 

Auditor History

Bdo LLP

31-Dec-2011

Bdo LLP

25-Dec-2010

Bdo LLP

26-Dec-2009

Bdo Stoy Hayward LLP

27-Dec-2008

Bdo Stoy Hayward LLP

29-Dec-2007

 

 

 

GBP(mil)

Audit Fees:

0.1

Audit Fiscal Year:

12-31-2011

 

 

 

 

 

 

Corporate Family

Corporate Structure News:

 

River Island Clothing Co Ltd

River Island Clothing Co Ltd 
Total Corporate Family Members: 71 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

Lfh International Ltd.

Parent

 

 

 

 

 

 

L51N Ltd.

Subsidiary

London

United Kingdom

Miscellaneous Professional Services

1,713.3

15,335

 

Lewis Trust Group Ltd.

Subsidiary

London

United Kingdom

Miscellaneous Professional Services

3.3

6,542

 

River Island Holdings Ltd.

Subsidiary

London

United Kingdom

Miscellaneous Professional Services

1.3

7,933

 

River Island Clothing Co Ltd

Subsidiary

London

United Kingdom

Clothing and Apparel Manufacturing

1,239.4

3,102

 

River Island

UK Branch/Trading address

Newport

United Kingdom

Clothing and Apparel Stores

1,239.4

26

 

River Island Clothing Co Ltd

UK Branch/Trading address

Newport

United Kingdom

Clothing and Apparel Stores

1,239.4

20

 

River Island

UK Branch/Trading address

Barrow-In-Furness

United Kingdom

Clothing and Apparel Stores

1,239.4

18

 

The Big Yellow Corporation Ltd.

Subsidiary

London

United Kingdom

Miscellaneous Professional Services

0.1

13

 

River Island

UK Branch/Trading address

Stockton-On-Tees

United Kingdom

Clothing and Apparel Stores

1,239.4

 

 

Lyndale Fashion Manufacturers

Subsidiary

London

United Kingdom

Nonclassifiable Establishments

 

 

 

River Island Expeditions Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Establishments

 

24

 

Cavendish Asset Management Ltd.

Subsidiary

London

United Kingdom

Banking

5.2

21

 

U.K.& European Investments Ltd.

Subsidiary

London

United Kingdom

Miscellaneous Professional Services

 

15

 

UK & European Investments Properties Ltd.

Subsidiary

London

United Kingdom

Miscellaneous Professional Services

0.0

15

 

Lewis (Ayr) Ltd.

Subsidiary

London

United Kingdom

Residential Real Estate Leasing

8.8

27

 

Cavendish Square Investments Ltd.

Subsidiary

London

United Kingdom

Residential Real Estate Leasing

0.8

 

 

U.K.& European Property Developments Ltd.

Subsidiary

London

United Kingdom

Residential Real Estate Leasing

0.1

 

 

Property Management (Churchview) Ltd.

Subsidiary

London

United Kingdom

Associations and Organizations

0.1

3

 

Lyncom Holdings Ltd.

Subsidiary

London

United Kingdom

Residential and Commercial Building Construction

0.0

 

 

Shop Holdings & General (Estates) Ltd.

Subsidiary

London

United Kingdom

Residential and Commercial Building Construction

0.0

 

 

Shop Holdings And General Property Developments Ltd.

Subsidiary

London

United Kingdom

Residential and Commercial Building Construction

0.0

 

 

Wycombe Garden Homes Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Establishments

 

 

 

Greater Sutton Properties Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Establishments

 

 

 

I.H.S. International Hotel Services Ltd.

Subsidiary

London

United Kingdom

Hotels and Accommodation

1.6

4

 

Westmark Developments Ltd.

Subsidiary

Bristol

United Kingdom

Residential and Commercial Building Construction

0.1

3

 

Westmark (Cabot) Ltd.

Subsidiary

London

United Kingdom

Residential and Commercial Building Construction

64.2

3

 

Westmark (Bloomswood) Ltd.

Subsidiary

London

United Kingdom

Residential and Commercial Building Construction

0.0

3

 

Westmark (Bath) Ltd.

Subsidiary

London

United Kingdom

Residential and Commercial Building Construction

0.0

3

 

Westmark Investment Properties Ltd.

Subsidiary

London

United Kingdom

Residential and Commercial Building Construction

0.3

 

 

Westmark (Lettings) Ltd.

Subsidiary

London

United Kingdom

Residential Real Estate Leasing

0.0

 

 

Westmark (Amberleigh) Ltd.

Subsidiary

London

United Kingdom

Residential and Commercial Building Construction

 

 

 

UKi (Templeback) Ltd.

Subsidiary

London

United Kingdom

Residential and Commercial Building Construction

1.0

1

 

Atkinson De Hovell Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Establishments

 

 

 

London & Overseas Property And Investment Co.Ltd.

Subsidiary

London

United Kingdom

Residential Real Estate Leasing

1.8

2

 

Elmshott Homes Ltd.

Subsidiary

London

United Kingdom

Residential and Commercial Building Construction

6.4

 

 

UKi Shopping Centres Ltd.

Subsidiary

London

United Kingdom

Residential Real Estate Leasing

2.2

 

 

UKi (Cardiff) Ltd.

Subsidiary

London

United Kingdom

Residential Real Estate Leasing

1.1

 

 

Westfield Homes Ltd.

Subsidiary

London

United Kingdom

Residential and Commercial Building Construction

0.0

 

 

Courtlands Developments Ltd.

Subsidiary

London

United Kingdom

Residential Real Estate Leasing

0.0

 

 

Delastone Properties Ltd.

Subsidiary

London

United Kingdom

Residential Real Estate Leasing

0.0

 

 

Morada Retail Investments Ltd.

Subsidiary

London

United Kingdom

Pensions and Funds

0.0

 

 

UKi (South Bank) Ltd.

Subsidiary

London

United Kingdom

Miscellaneous Professional Services

0.0

 

 

UKi Octagon Ltd.

Subsidiary

London

United Kingdom

Residential Real Estate Leasing

0.0

 

 

UKi Caribbean Ltd.

Subsidiary

London

United Kingdom

Residential and Commercial Building Construction

0.0

 

 

UKi (Ln) Ltd.

Subsidiary

London

United Kingdom

Residential and Commercial Building Construction

0.0

 

 

UKi (Thomas Road) Ltd.

Subsidiary

London

United Kingdom

Residential and Commercial Building Construction

0.3

 

 

UKi (Wembley) Ltd.

Subsidiary

London

United Kingdom

Residential and Commercial Building Construction

0.2

 

 

UKi (Goldhawk) Ltd.

Subsidiary

London

United Kingdom

Residential and Commercial Building Construction

0.1

 

 

UKi (Shoreditch) Ltd.

Subsidiary

London

United Kingdom

Residential and Commercial Building Construction

0.1

 

 

UKi (C500) Ltd.

Subsidiary

London

United Kingdom

Residential and Commercial Building Construction

0.0

 

 

Centre 500 Ltd.

Subsidiary

London

United Kingdom

Residential Real Estate Leasing

2.6

6

 

UKi (Dollar Bay) Ltd.

Subsidiary

London

United Kingdom

Residential and Commercial Building Construction

0.0

 

 

UKi (Fleet Street) Ltd.

Subsidiary

London

United Kingdom

Residential and Commercial Building Construction

0.0

 

 

UKi (Redchurch) Ltd.

Subsidiary

London

United Kingdom

Residential and Commercial Building Construction

0.0

 

 

Concred Properties Ltd.

Subsidiary

London

United Kingdom

 

 

 

 

Lewis Shop Holdings

Subsidiary

London

United Kingdom

Nonclassifiable Establishments

 

 

 

Alster Hi Ltd.

Subsidiary

London

United Kingdom

Banking

 

 

 

Consolidated Credits Bank Ltd.

Subsidiary

London

United Kingdom

Banking

 

6

 

Consolidated Credits And Discounts (Nominees) Ltd.

Subsidiary

London

United Kingdom

Miscellaneous Professional Services

 

 

 

Ltg International Ltd.

Subsidiary

London

United Kingdom

Banking

0.0

5

 

Gustav (Euro) Ltd.

Subsidiary

London

United Kingdom

 

 

 

 

I H S Travel Ltd.

Subsidiary

London

United Kingdom

Travel and Reservation Services

0.5

4

 

Sure-Wings Ltd.

Subsidiary

London

United Kingdom

Airlines

0.1

1

 

Ccb Trustees Ltd.

Subsidiary

London

United Kingdom

Banking

0.0

 

 

Cavendish Unit Managers Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Establishments

 

 

 

Ltg Development Capital Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Establishments

 

 

 

Ltg Pension Trustees Ltd.

Subsidiary

London

United Kingdom

Miscellaneous Professional Services

 

 

 

Chelsea Girl Ltd.

Subsidiary

London

United Kingdom

Miscellaneous Professional Services

 

 

 

Avenue Asset Ltd.

Subsidiary

Edinburgh

United Kingdom

Miscellaneous Professional Services

 

 

 

River Island Card Services Ltd.

Subsidiary

London

United Kingdom

Miscellaneous Professional Services

 

 

 

 

 

 

Competitors Report

 

CompanyName

Location

Employees

Ownership

Arcadia Group Ltd.

London, United Kingdom

2,044

Private

Ellen Tracy LLC

New York, New York, United States

400

Private

New Look Retailers Ltd.

Weymouth, United Kingdom

17,548

Private

NEXT plc

Leicester, United Kingdom

28,301

Public

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Vanessa Jane Lewis

 

Fashion Director

Director/Board Member

 

Age: 67

 

Julian Lewis

 

Director

Director/Board Member

 

 

Benjamin Joseph Lewis

 

Director

Director/Board Member

 

 

Age: 46

 

Simon Lewis

 

Director

Director/Board Member

 

 

Age: 50

 

Clive Robert Lewis

 

Director

Director/Board Member

 

 

Biography:

Mr. Lewis is the chief executive officer of River Island Clothing Company Limited. Prior to this, he served as non executive director in Cavendish Unit Managers Limited.

 

Age: 56

 

Bernard Lewis

 

Director

Director/Board Member

 

 

Age: 87

 

 

Executives

 

Name

Title

Function

 

Clive Robert Lewis

 

Director

Logistics Executive

 

Biography:

Mr. Lewis is the chief executive officer of River Island Clothing Company Limited. Prior to this, he served as non executive director in Cavendish Unit Managers Limited.

 

Age: 56

 

Vanessa Jane Lewis

 

Fashion Director

Other

 

 

Age: 67

 

Peter Mahaffey

 

Data Services Team Leader

Other

 

 

Social: http://www.linkedin.com/img/icon/icon_company_insider_in_12x12.gif

Directors and Shareholders Report

 

Main Office Address:
Chelsea House, Westgate
London
United Kingdom W5 1DR

Tel: 020 8991 4500
Fax: 020 8991 4523
URL:http://www.riverisland.com

Annual Return Date: 30 Nov 2012
Total Issued Capital (GBP 000):3,400

 

Individual Directors


Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Simon 
Lewis

Current

05 Oct 1962

Chelsea House West Gate, 
London , London W5 1DR

16 Apr 1997

NA

Current:15
Previous:1
Disqualifications:0

 

Benjamin Joseph 
Lewis

Current

10 May 1967

Chelsea House West Gate, 
London , London W5 1DR

20 Apr 2006

NA

Current:8
Previous:0
Disqualifications:0

 

Clive Robert 
Lewis

Current

04 Dec 1956

Leigh Cottage, Darlings Lane Pinkneys Green, 
Maidenhead, Berkshire SL6 6PB

16 Dec 1996

NA

Current:65
Previous:8
Disqualifications:0

 

Bernard 
Lewis

Current

10 Feb 1926

Chelsea House, Westgate, 
London , London W5 1DR

15 Dec 1991

NA

Current:21
Previous:7
Disqualifications:0

 

Vanessa Jane 
Lewis

Current

11 Jul 1946

Chelsea House West Gate, 
London , London W5 1DR

03 Dec 2001

NA

Current:2
Previous:0
Disqualifications:0

 

Richard Edward 
Bradbury

Previous

04 Dec 1956

Pendragon House 65 London Road, 
St. Albans, Hertfordshire AL1 1LJ

16 Mar 1998

13 Apr 2010

Current:1
Previous:2
Disqualifications:0

 

Julian Harley 
Lewis

Previous

03 Jul 1954

Chelsea House West Gate, 
London , London W5 1DR

15 Dec 1991

30 Aug 2012

Current:43
Previous:5
Disqualifications:0

 

David 
Lewis

Previous

02 Jun 1924

Chelsea House West Gate, 
London , London W5 1DR

15 Dec 1991

24 Mar 1997

Current:0
Previous:31
Disqualifications:0

 

Leonard Richard 
Lewis

Previous

02 Apr 1954

Ridge End House Marlow Common, 
Marlow, Buckinghamshire SL7 2QS

NA

22 Dec 1999

Current:6
Previous:11
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors


There are no corporate directors for this company.

 

 

Individual Secretaries


There are no individual secretaries for this company.

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries


Company Name

Status

Registered Address

Appointment Date

Resignation Date

Cavendish Square Secretariat

Current

Chelsea House West Gate, 
London , London W5 1DR

15 Dec 1991

NA

 

 

 

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

River Island Holdings Limited

06395942

34000100 Ordinary GBP 0.10

Ordinary

34,000,100

0.10

3,400,010.00

100.00

 

 

 


Annual Profit & Loss

 

Financials in: USD (mil) 

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

 

 

 

31-Dec-2011

25-Dec-2010

26-Dec-2009

27-Dec-2008

29-Dec-2007

Period Length

53 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.623776

0.647231

0.642603

0.543535

0.499926

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Turnover (UK)

1,155.4

1,112.9

1,144.7

1,246.2

-

Turnover (Exports)

0.0

0.0

0.0

0.0

-

Total Turnover

1,155.4

1,112.9

1,144.7

1,246.2

1,304.7

Cost of Sales

945.2

871.7

882.0

941.6

994.6

Gross Profit

210.2

241.3

262.7

304.7

310.2

Depreciation

49.5

46.3

-

51.2

49.4

Other Expenses

72.0

65.3

59.8

60.2

46.6

Operating Profit

-

176.0

-

-

263.6

Other Income

8.8

6.2

4.1

12.1

14.8

Interest Paid

13.8

10.9

3.8

1.3

2.6

Exceptional Income

-2.4

0.0

0.0

-1.5

0.0

Discontinued Operations

0.0

0.0

0.0

0.0

0.0

Profit Before Taxes

130.8

171.2

203.2

253.7

275.8

Tax Payable / Credit

11.4

25.1

16.9

51.2

85.5

Extraordinary Items/Debits

0.0

0.0

0.0

0.0

0.0

Dividends

0.0

247.2

330.9

184.0

80.0

Profit After Taxes

119.4

-101.1

-144.6

18.5

110.2

Minority Interests (Profit & Loss)

0.0

0.0

0.0

0.0

0.0

Audit Fees

0.2

0.2

0.1

-

0.2

Number of Employees

3,102

10,722

11,676

2,806

10,896

Wages

177.6

165.4

178.2

182.9

192.9

Social Security Costs

12.2

12.3

13.3

14.1

15.1

Pensions

-

-

-

1.5

0.6

Other Pension Costs

6.7

7.4

8.1

4.5

3.4

Employees Remuneration

196.5

185.1

199.7

201.5

211.3

Directors Emoluments

-

-

-

10.5

9.5

Other Costs

-

-

-

0.0

0.0

Directors Remuneration

4.8

50.4

9.8

12.0

10.1

Highest Paid Director

0.8

23.2

4.5

5.7

6.1

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2011

25-Dec-2010

26-Dec-2009

27-Dec-2008

29-Dec-2007

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.643459

0.647333

0.627766

0.679925

0.501781

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Land & Buildings

21.0

9.6

10.2

9.8

10.0

Fixtures & Fittings

134.6

158.4

155.2

158.3

180.0

Plant & Vehicles

23.0

24.6

26.2

11.4

20.0

Total Tangible Fixed Assets

178.6

192.6

191.6

179.5

210.0

Intangible Assets

0.0

0.0

0.0

0.0

0.0

Investments

0.0

0.0

0.0

0.0

6.8

Total Fixed Assets

178.6

192.6

191.6

179.5

216.9

Stocks

-

109.7

84.9

81.4

97.2

Work in Progress

-

1.0

1.2

2.3

2.5

Total Stocks Work In Progress

90.6

110.7

86.1

83.7

99.7

Trade Debtors

15.7

25.4

18.0

33.1

31.6

Inter-Company Debtors

239.8

171.1

87.3

152.7

197.8

Other Debtors

46.2

40.6

27.0

16.2

24.5

Total Debtors

301.7

237.1

132.4

202.0

253.9

Cash and Equivalents

118.4

76.4

138.7

94.7

193.2

Other Current Assets

62.2

0.0

0.0

0.5

0.0

Total Current Assets

572.8

424.2

357.2

381.0

546.8

Total Assets

751.4

616.9

548.8

560.5

763.7

Trade Creditors

69.3

81.3

65.9

54.9

66.2

Bank Overdraft

3.4

1.9

1.0

5.7

7.5

Inter-Company Creditors

23.2

254.3

64.4

0.3

7.3

Director Loans (Current Liability)

0.0

-

-

-

-

Hire Purchase (Current Liability)

0.0

-

-

-

-

Finance Lease (Current Liability)

0.0

-

-

-

-

Total Finance Lease/Hire Purchase (Current Liability)

0.0

-

-

-

-

Total Short Term Loans

0.0

-

-

-

-

Accruals/Deferred Income (Current Liability)

69.0

69.9

98.2

63.9

75.9

Social Security/VAT

39.8

27.4

29.4

26.3

43.4

Corporation Tax

0.0

-

-

0.0

23.3

Dividends (Current Liability)

0.0

-

-

-

-

Other Current Liabilities

250.1

0.0

0.1

0.3

0.2

Total Current Liabilities

454.7

434.8

259.1

151.4

223.7

Group Loans (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

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

1.6

1.5

1.6

1.5

2.0

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

1.6

1.5

1.6

1.5

2.0

Deferred Taxation

0.0

2.3

0.0

5.0

5.6

Other Provisions

0.0

0.0

0.0

0.0

0.0

Total Provisions

0.0

2.3

0.0

5.0

5.6

Issued Capital

5.3

5.3

5.4

5.0

6.8

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

268.9

152.2

261.2

377.8

498.7

Other Reserves

21.0

20.8

21.4

19.8

26.8

Minority Interests (Balance Sheet)

0.0

0.0

0.0

0.0

0.0

Total Shareholders Funds

295.1

178.2

288.0

402.6

532.3

Net Worth

295.1

178.2

288.0

402.6

532.3

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

31-Dec-2011

25-Dec-2010

26-Dec-2009

27-Dec-2008

29-Dec-2007

Period Length

53 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.623776

0.647231

0.642603

0.543535

0.499926

Consolidated

No

No

No

No

No

 

 

 

 

 

 

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

31-Dec-2011

25-Dec-2010

26-Dec-2009

27-Dec-2008

29-Dec-2007

Period Length

53 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.643459

0.647333

0.627766

0.679925

0.501781

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

1.26

0.98

1.38

2.52

2.44

Liquidity Ratio

1.06

0.72

1.05

1.96

2.00

Stock Turnover

1,213.00

1,005.00

1,361.00

1,190.00

1,304.00

Credit Period (Days)

521.00

833.00

562.00

1,214.00

887.00

Working Capital by Sales

1,075.00%

-95.00%

837.00%

2,304.00%

2,485.00%

Trade Credit by Debtors

442.00

320.00

365.00

166.00

210.00

Return on Capital

4,194.00%

9,399.00%

7,181.00%

4,957.00%

5,089.00%

Return on Assets

1,656.00%

2,775.00%

3,790.00%

3,618.00%

3,598.00%

Profit Margin

1,132.00%

1,538.00%

1,775.00%

2,035.00%

2,114.00%

Return on Shareholders Funds

4,216.00%

9,603.00%

7,220.00%

5,037.00%

5,161.00%

Borrowing Ratio

953.00%

14,459.00%

2,329.00%

184.00%

315.00%

Equity Gearing

3,928.00%

2,889.00%

5,249.00%

7,182.00%

6,971.00%

Debt Gearing

0.53%

0.87%

0.55%

0.37%

0.37%

Interest Coverage

949.00

1,564.00

5,388.00

18,861.00

10,730.00

Sales by Tangible Assets

615.00

578.00

612.00

555.00

619.00

Average Remuneration per Employee

0.1

0.0

0.0

0.1

0.0

Profit per Employee

0.0

0.0

0.0

0.1

0.0

Sales per Employee

0.4

0.1

0.1

0.4

0.1

Capital Employed per Employee

0.1

0.0

0.0

0.1

0.0

Tangible Assets per Employee

0.1

0.0

0.0

0.1

0.0

Total Assets per Employee

0.2

0.1

0.0

0.2

0.1

Employee Remuneration by Sales

1,701.00%

1,664.00%

1,744.00%

1,617.00%

1,620.00%

Creditor Days (Cost of Sales Based)

2,814.00

3,403.00

2,663.00

2,664.00

2,438.00

Creditor Days (Sales Based)

2,303.00

2,665.00

2,052.00

2,013.00

1,859.00

 

 

Annual Income Statement

 

Financials in: USD (mil) 

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

 

 

 

25-Dec-2010

25-Dec-2009

Period Length

52 Weeks

52 Weeks

UpdateType/Date

Updated Normal 
25-Dec-2010

Updated Normal 
25-Dec-2010

Filed Currency

GBP

GBP

Exchange Rate (Period Average)

0.647231

0.642603

Auditor

BDO LLP

BDO LLP

Auditor Opinion

Unqualified

Unqualified

 

 

 

    Net Sales

1,239.4

1,286.1

Revenue

1,239.4

1,286.1

Total Revenue

1,239.4

1,286.1

 

 

 

    Cost of Revenue

990.4

1,013.4

Cost of Revenue, Total

990.4

1,013.4

Gross Profit

249.1

272.7

 

 

 

    Selling/General/Administrative Expense

64.0

57.1

Total Selling/General/Administrative Expenses

64.0

57.1

Total Operating Expense

1,054.3

1,070.5

 

 

 

Operating Income

185.1

215.6

 

 

 

        Interest Expense - Non-Operating

-11.4

-4.2

    Interest Expense, Net Non-Operating

-11.4

-4.2

        Interest Income - Non-Operating

6.2

4.4

    Interest/Investment Income - Non-Operating

6.2

4.4

Interest Income (Expense) - Net Non-Operating Total

-5.2

0.1

Income Before Tax

179.9

215.8

 

 

 

Total Income Tax

26.4

19.4

Income After Tax

153.5

196.4

 

 

 

Net Income Before Extraord Items

153.5

196.4

Net Income

153.5

196.4

 

 

 

Income Available to Common Excl Extraord Items

153.5

196.4

 

 

 

Income Available to Common Incl Extraord Items

153.5

196.4

 

 

 

Diluted Net Income

153.5

196.4

Dividends per Share - Common Stock Primary Issue

7.31

9.73

Gross Dividends - Common Stock

248.5

330.9

Interest Expense, Supplemental

11.4

4.2

Depreciation, Supplemental

51.8

51.5

Normalized Income Before Tax

179.9

215.8

 

 

 

Inc Tax Ex Impact of Sp Items

26.4

19.4

Normalized Income After Tax

153.5

196.4

 

 

 

Normalized Inc. Avail to Com.

153.5

196.4

 

 

 

Normalized EBIT

185.1

215.6

Normalized EBITDA

236.9

267.1

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

25-Dec-2010

25-Dec-2009

UpdateType/Date

Updated Normal 
25-Dec-2010

Updated Normal 
25-Dec-2010

Filed Currency

GBP

GBP

Exchange Rate

0.647333

0.627766

Auditor

BDO LLP

BDO LLP

Auditor Opinion

Unqualified

Unqualified

 

 

 

    Cash

87.2

157.5

Cash and Short Term Investments

87.2

157.5

    Trade Accounts Receivable - Net

337.4

231.0

Total Receivables, Net

337.4

231.0

Total Inventory

115.9

90.4

Total Current Assets

540.6

478.8

 

 

 

Property/Plant/Equipment - Net

212.6

215.7

Total Assets

753.2

694.5

 

 

 

Accounts Payable

442.1

273.9

Notes Payable/Short Term Debt

0.0

0.0

Total Current Liabilities

442.1

273.9

 

 

 

Total Long Term Debt

0.0

0.0

Total Debt

0.0

0.0

 

 

 

    Reserves

2.4

0.0

    Other Long Term Liabilities

1.5

1.6

Other Liabilities, Total

3.9

1.6

Total Liabilities

446.0

275.5

 

 

 

    Common Stock

5.3

5.4

Common Stock

5.3

5.4

Retained Earnings (Accumulated Deficit)

301.9

413.6

Total Equity

307.1

419.0

 

 

 

Total Liabilities & Shareholders’ Equity

753.2

694.5

 

 

 

    Shares Outstanding - Common Stock Primary Issue

34.0

34.0

Total Common Shares Outstanding

34.0

34.0

 

 

Annual Income Statement

 

Financials in: USD (mil) 

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

 

 

 

25-Dec-2010

25-Dec-2009

Period Length

52 Weeks

52 Weeks

UpdateType/Date

Updated Normal 
25-Dec-2010

Updated Normal 
25-Dec-2010

Filed Currency

GBP

GBP

Exchange Rate (Period Average)

0.647231

0.642603

Auditor

BDO LLP

BDO LLP

Auditor Opinion

Unqualified

Unqualified

 

 

 

    Turnover

1,239.4

1,286.1

Total Revenue

1,239.4

1,286.1

 

 

 

    Cost of sales

990.4

1,013.4

    Distribution & administration expenses

64.0

57.1

Total Operating Expense

1,054.3

1,070.5

 

 

 

    Interest receivable & similar income

6.2

4.4

    Interest payable & similar charges

-11.4

-4.2

Net Income Before Taxes

179.9

215.8

 

 

 

Provision for Income Taxes

26.4

19.4

Net Income After Taxes

153.5

196.4

 

 

 

Net Income Before Extra. Items

153.5

196.4

Net Income

153.5

196.4

 

 

 

Income Available to Com Excl ExtraOrd

153.5

196.4

 

 

 

Income Available to Com Incl ExtraOrd

153.5

196.4

 

 

 

Diluted Net Income

153.5

196.4

DPS-Ordinary Share

7.31

9.73

Gross Dividends - Common Stock

248.5

330.9

Normalized Income Before Taxes

179.9

215.8

 

 

 

Inc Tax Ex Impact of Sp Items

26.4

19.4

Normalized Income After Taxes

153.5

196.4

 

 

 

Normalized Inc. Avail to Com.

153.5

196.4

 

 

 

Interest Expense, Supplemental

11.4

4.2

Depreciation, Supplemental

51.8

51.5

 

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

25-Dec-2010

25-Dec-2009

UpdateType/Date

Updated Normal 
25-Dec-2010

Updated Normal 
25-Dec-2010

Filed Currency

GBP

GBP

Exchange Rate

0.647333

0.627766

Auditor

BDO LLP

BDO LLP

Auditor Opinion

Unqualified

Unqualified

 

 

 

    Stocks

115.9

90.4

    Debtors, due within one year

297.1

187.3

    Debtors, due after one year

40.4

43.7

    Cash at bank

87.2

157.5

Total Current Assets

540.6

478.8

 

 

 

    Tangible Assets

212.6

215.7

Total Assets

753.2

694.5

 

 

 

    Creditors due within one year

442.1

273.9

Total Current Liabilities

442.1

273.9

 

 

 

    Creditors due after one year

1.5

1.6

    Provisions

2.4

0.0

Total Liabilities

446.0

275.5

 

 

 

    Ordinary share capital

5.3

5.4

    Other reserves

20.8

21.4

    Profit & Loss account

281.1

392.2

Total Equity

307.1

419.0

 

 

 

Total Liabilities & Shareholders' Equity

753.2

694.5

 

 

 

    S/O-Ordinary Share

34.0

34.0

Total Common Shares Outstanding

34.0

34.0

 

 

Financial Health

 

Financials in: USD (mil) 

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

Key Indicators USD (mil)

 

Quarter
Ending

Quarter
Ending
Yr Ago

Annual
Year End
25-Dec-2010

1 Year
Growth

3 Year
Growth

5 Year
Growth

Total Revenue1 (?)

-

-

1,239.4

-2.93%

-

-

Operating Income1 (?)

-

-

185.1

-13.54%

-

-

Income Available to Common Excl Extraord Items1 (?)

-

-

153.5

-21.27%

-

-

Total Assets3 (?)

-

-

753.2

11.82%

-

-

Total Liabilities3 (?)

-

-

446.0

66.95%

-

-

Total Long Term Debt3 (?)

-

-

0.0

-

-

-

Total Common Shares Outstanding3 (?)

-

-

34.0

0.00%

-

-

1-ExchangeRate: GBP to USD Average for Period

 

 

0.647231

 

 

 

3-ExchangeRate: GBP to USD Period End Date

 

 

0.647333

 

 

 

Key Ratios

 

25-Dec-2010

25-Dec-2009

Profitability

Gross Margin (?)

20.09%

21.20%

Operating Margin (?)

14.93%

16.77%

Pretax Margin (?)

14.52%

16.78%

Net Profit Margin (?)

12.38%

15.27%

Financial Strength

Current Ratio (?)

1.22

1.75

Long Term Debt/Equity (?)

0.00

0.00

Total Debt/Equity (?)

0.00

0.00

Management Effectiveness

Return on Assets (?)

21.51%

-

Return on Equity (?)

43.02%

-

Efficiency

Receivables Turnover (?)

4.41

-

Inventory Turnover (?)

9.73

-

Asset Turnover (?)

1.74

-

 

 

 

 

Annual Ratios

 

Financials in: USD (mil) 

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

 

 

25-Dec-2010

25-Dec-2009

Financial Strength

Current Ratio (?)

1.22

1.75

Quick/Acid Test Ratio (?)

0.96

1.42

Working Capital1 (?)

98.5

204.9

Long Term Debt/Equity (?)

0.00

0.00

Total Debt/Equity (?)

0.00

0.00

Long Term Debt/Total Capital (?)

0.00

0.00

Total Debt/Total Capital (?)

0.00

0.00

Effective Tax Rate (?)

14.68%

8.98%

Total Capital1 (?)

307.1

419.0

 

 

 

Efficiency

Asset Turnover (?)

1.74

-

Inventory Turnover (?)

9.73

-

Days In Inventory (?)

37.52

-

Receivables Turnover (?)

4.41

-

Days Receivables Outstanding (?)

82.69

-

 

 

 

Profitability

Gross Margin (?)

20.09%

21.20%

Operating Margin (?)

14.93%

16.77%

EBITDA Margin (?)

19.11%

20.77%

EBIT Margin (?)

14.93%

16.77%

Pretax Margin (?)

14.52%

16.78%

Net Profit Margin (?)

12.38%

15.27%

COGS/Revenue (?)

79.91%

78.80%

SG&A Expense/Revenue (?)

5.16%

4.44%

 

 

 

Management Effectiveness

Return on Assets (?)

21.51%

-

Return on Equity (?)

43.02%

-

1-ExchangeRate: GBP to USD Period End Date

0.647333

0.627766

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.36

UK Pound

1

Rs.101.20

Euro

1

Rs.84.54

 

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%)

 

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.