MIRA INFORM REPORT

Report Date :

07.08.2014

IDENTIFICATION DETAILS

Name :	SAINSBURY'S SUPERMARKETS LTD

Registered Office :	33 Holborn London EC1N 2HT

Country :	United Kingdom

Financials (as on) :	16.03.2013

Date of Incorporation :	10.10.1996

Com. Reg. No.:	03261722

Legal Form :	Private Limited with Share Capital

Line of Business :	Retail sale in non-specialised stores with food, beverages or tabacco predominating

No of Employees :	104

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory

Payment Behaviour :	Slow but Correct

Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List – June 01, 2014

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

United Kingdom

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderate Low Risk	B1
Moderate Risk	B2
Moderate High Risk	C1
High Risk	C2
Very High Risk	D

UNITED KINGDOM ECONOMIC OVERVIEW

The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Over the past two decades, the government has greatly reduced public ownership. 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, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output. 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. Falling 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 included 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 about 11% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 largely due to 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 £375 billion (approximately $605 billion) as of December 2013. 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, however, in 2013 GDP grew 1.4%, accelerating unexpectedly in the second half of the year because of greater consumer spending and a recovering housing market. The budget deficit is falling but remains high at nearly 7% and public debt has continued to increase.

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

Company Name:

SAINSBURY'S SUPERMARKETS LTD

Company No:

03261722

Company Status:

Active - Accounts Filed

Registered Address:

33 HOLBORN LONDON EC1N 2HT

Your Login:

101031649

Your User ID:

ASHLEIGH

Date / Time:

10:15 Friday, 01 August 2014

DIRECTORS/MANAGEMENT

Total Current Directors	10
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	38

Current Directors

Name	Timothy Fallowfield	Date of Birth	06/12/1963
Officers Title	Mr	Nationality	British
Present Appointments	23	Function	Director
Appointment Date	15/06/2008
Address	33 Holborn, London, EC1N 2HT
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Michael Andrew Coupe	Date of Birth	26/09/1960
Officers Title	Mr	Nationality	British
Present Appointments	4	Function	Director
Appointment Date	01/10/2004
Address	33 Holborn, London, EC1N 2HT
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	John Terence Rogers	Date of Birth	29/07/1968
Officers Title	Mr	Nationality	British
Present Appointments	5	Function	Director
Appointment Date	15/06/2008
Address	33 Holborn, London, EC1N 2HT
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Roger Michael Burnley	Date of Birth	14/06/1966
Officers Title	Mr	Nationality	British
Present Appointments	3	Function	Director
Appointment Date	03/01/2006
Address	33 Holborn, London, EC1N 2HT
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Helen Elizabeth Buck	Date of Birth	24/04/1960
Officers Title	Mrs	Nationality	British
Present Appointments	4	Function	Director
Appointment Date	19/07/2010
Address	33 Holborn, London, EC1N 2HT
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Sarah Warby	Date of Birth	03/03/1971
Officers Title	Ms	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	30/01/2012
Address	33 Holborn, London, EC1N 2HT
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Jonathan Daniel Rudoe	Date of Birth	18/08/1978
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	16/03/2014
Address	33 Holborn, London, EC1N 2HT
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Angela Susan Risley	Date of Birth	24/05/1958
Officers Title	Ms	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	07/01/2013
Address	33 Holborn, London, EC1N 2HT
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Peter Lloyd Griffiths	Date of Birth	26/10/1958
Officers Title	Mr	Nationality	British
Present Appointments	5	Function	Director
Appointment Date	11/05/2014
Address	33 Holborn, London, EC1N 2HT
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Nicholas Paul Michael Angelo Mills-Hicks	Date of Birth	07/07/1971
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	11/05/2014
Address	33 Holborn, London, EC1N 2HT
Disqualified		Disqualified End Date
Disqualification Exception	No

Current Company Secretary

Name	Timothy Fallowfield	Date of Birth	06/12/1963
Officers Title	Mr	Nationality	British
Present Appointments	23	Function	Company Secretary
Appointment Date	28/11/2001
Address	33 Holborn, London, EC1N 2HT

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Nigel Frederick Matthews	3	36
Robert Cooper	4	13
John Edwin Adshead	5	12
David John Clapham	1	9
Kevin McCarten	1	6
David Murray Bremner	11	20
Hamish Murray Andrew Elvidge	0	10
Adam Peter Fowle	1	7
Roger John Matthews	4	45
Sara Vivienne Weller	0	5
Robin Peter Whitbread	2	10
Stuart Robert Mitchell	5	3
Angela Megson	0	1
Dino Baia Adriano	1	17
Imelda Walsh	2	5
Ian Martin Woodfine Jones	0	1
Kennedy McMeikan	0	20
Stephen Keith James Nelson	0	4
Justin Matthew King	1	4
James John McCarthy	0	6
Angela Frances Morrison	1	4
Martin Peter White	2	6
Gwyn Burr	3	2
Darren Mark Shapland	1	13
Desmond Louis Mildmay Taljaard	4	189
Bill Williams	1	8
Nilesh Sachdev	4	71
Jan Shawe	1	11
Timothy Simon Devereux Pile	3	6
Luke Giles William Jensen	2	2
Ian David Coull	5	44
Robert Charles Fraser	0	2
DH & B MANAGERS LIMITED	73	543
DH & B DIRECTORS LIMITED	75	546
GRAY'S INN SECRETARIES LIMITED	240	610
Diana Mary Harding	1	2
Peter John Davis	0	22
Lawrence Richard Christensen	1	10

NEGATIVE INFORMATION

Mortgage Summary

· Total Mortgage

· 12

· Outstanding

· 5

· Satisfied

· 7

CCJ

Total Number of Exact CCJs -	8	Total Value of Exact CCJs -	£9,885
Total Number of Possible CCJs -	0	Total Value of Possible CCJs -
Total Number of Satisfied CCJs -	0	Total Value of Satisfied CCJs -
Total Number of Writs -	-

Exact CCJ Details

Date	Court	Amount	Status	Case Number	Date Paid
05/08/2013	NORTHAMPTON CCMCC	£495	Judgement	3YL73899	-
25/04/2013	NORTHAMPTON CCBC	£427	Judgement	3QT41119	-
05/05/2012	NORTHAMPTON CCMCC	£1,869	Judgement	2YJ15007	-
14/09/2011	NORTHAMPTON CCBC	£258	Judgement	1QZ01594	-
15/07/2011	CENTRAL LONDON	£3,769	Judgement	1UD01242	-

Exact CCJ Details

Date	Court	Amount	Status	Case Number	Date Paid
05/08/2013	NORTHAMPTON CCMCC	£495	Judgement	3YL73899	-
25/04/2013	NORTHAMPTON CCBC	£427	Judgement	3QT41119	-
05/05/2012	NORTHAMPTON CCMCC	£1,869	Judgement	2YJ15007	-
14/09/2011	NORTHAMPTON CCBC	£258	Judgement	1QZ01594	-
15/07/2011	CENTRAL LONDON	£3,769	Judgement	1UD01242	-
19/02/2010	BEDFORD	£104	Judgement	0BE00084	-
15/12/2008	NORTHAMPTON CCBC	£822	Judgement	8QZ15575	-
26/08/2008	NORTHAMPTON CCBC	£2,141	Judgement	8QT67769	-

Possible CCJs Details

There are no possible CCJ details

Writ Details

No writs found

Mortgage Details

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	03/04/13
Date Charge Registered:	17/04/13
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BIRMINGHAM CITY COUNCIL;
Amount Secured:	£650.00 DUE OR TO BECOME DUE
Details:	HONEYWELL HOUSE AND LAND FRONTING SOTTON ROAD ERDINGTON BIMINGHAM

Mortgage Type:	STANDARD SECURITY
Date Charge Created:	26/03/08
Date Charge Registered:	07/06/08
Date Charge Satisfied:	11/07/12
Status:	SATISFIED
Person(s) Entitled:	KENSINGTON & EDINBURGH ESTATES LIMITED
Amount Secured:
Details:	ALL AND WHOLE THE SUBJECTS AT BROICH ROAD CRIEFF T/NO PTH31390 AND ELLARD HOUSEBROICH ROAD CRIEFF T/NO PTH18944

Mortgage Type:	STANDARD SECURITY
Date Charge Created:	26/03/08
Date Charge Registered:	19/04/08
Date Charge Satisfied:	11/07/12
Status:	SATISFIED
Person(s) Entitled:	KENSINGTON & EDINBURGH ESTATES LIMITED
Amount Secured:
Details:	ALL AND WHOLE THE SUBJECTS AT BROICH ROAD CRIEFF PTH 31390 AND ELLARD HOUSE BROICH ROAD CRIEFF PTH18944

Mortgage Type:	DEED OF VARIATION OF CHARGE
Date Charge Created:	22/09/05
Date Charge Registered:	27/09/05
Date Charge Satisfied:	21/10/08
Status:	SATISFIED
Person(s) Entitled:	THE WOLVERHAMPTON & DUDLEY BREWERIES PLC
Amount Secured:	AND VARYING THE TERMS OF THE LEGAL CHARGE DATED 24 SEPTEMBER 2004
Details:	ALL THE PROPERTY THAT IS CHARGED BY THELEGAL CHARGE MADE THE 24 SEPTEMBER 2004

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	24/09/04
Date Charge Registered:	28/09/04
Date Charge Satisfied:	19/05/06
Status:	SATISFIED
Person(s) Entitled:	THE WOLVERHAMPTON & DUDLEY BREWERIES PLC
Amount Secured:	£3000,000.00 DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
Details:	LAND AT THE NORTH AND SOUTH SIDE OF STEPHENSONS STREET AND TO THE NORTH OF ST.MARK\S STREET WOLVERHAMPTON

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	14/08/03
Date Charge Registered:	16/08/03
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	A F BLAKEMORE & SON LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	LAND AT THE SOUTH SIDE OF STANHOPE STREET AND TO THE NORTH OF GREAT BRICKKILN STREET WOLVERHAMPTON SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	20/09/02
Date Charge Registered:	08/10/02
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	GALLAHER LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	PREMISES AT COLNE AND BANK PARADE,BURNLEY,LANCASHIRE; T/NOS LA197748 AND LA746337

Mortgage Type:	STANDARD SECURITY PRESENTED FOR REGISTRATION IN SCOTLAND ON 13TH DECEMBER 2001
Date Charge Created:	21/11/01
Date Charge Registered:	03/01/02
Date Charge Satisfied:	15/10/08
Status:	SATISFIED
Person(s) Entitled:	SCOTTISH ENTERPRISE
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE DEVELOPMENT AGREEMENT BETWEEN THE COMPANY AND SCOTTISH ENTERPRISE DATED 21 NOVEMBER AND 4 AND 12 DECEMBER 2001
Details:	SUBJECTS LYING TO THE EAST OF BALDOVIE ROAD DUNDEE EXTENDING TO 5.51 HECTARES OR THEREBY AND THE SUBJECTS LYING TO THE EAST OF BALDOVIE ROAD DUNDEE EXTENDING TO 0.62 HECTARES OR THEREBY

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	27/03/00
Date Charge Registered:	17/04/00
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	THE SECRETARY OF STATE FOR HEALTH
Amount Secured:	COMPLIANCE WITH AND PAYMENT OF THE OBLIGATIONS AND ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANYTO THE CHARGEE UNDER THE LEGAL CHARGE DATED 27TH MARCH 2000
Details:	SITES D2 AND D3 REDDING WAY BROOKWOOD WOKING AND PROPERTY K/A BROOKWOOD LYE WOKING SURREY

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	19/11/99
Date Charge Registered:	09/12/99
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	TRIMOCO HOLDINGS PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE PURSUANT TO AND/OR THE AGREEMENT DATED 16 NOVEMBER 1999
Details:	THE PROPERTY K/A LAND AT ALEXANDRA STREET/STEPHENSON STREET WOLVERHAMPTON (AS DEFINED IN THE AGREEMENT) AND THE PROCEEDS OF SALE OF THE PROPERTY

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	31/03/98
Date Charge Registered:	07/04/98
Date Charge Satisfied:	15/04/05
Status:	SATISFIED
Person(s) Entitled:	HIGHLANDS VILLAGE LIMITED
Amount Secured:	£2,250,000 AND ALL OTHER MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF CLAUSE 3.4 OF THE SUPPLEMENTAL AGREEMENT OF EVEN DATE
Details:	F/H PROPERTY BEING PART O THE FORMER HIGHLANDS HOSPITAL WORLDS END LANE WINCHMORE HILL LONDON N21

Mortgage Type:	CHARGE
Date Charge Created:	30/07/97
Date Charge Registered:	09/08/97
Date Charge Satisfied:	26/04/08
Status:	SATISFIED
Person(s) Entitled:	SECRETARY OF STATE FOR DEFENCE
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE PROVISIONS SET OUT IN CLAUSES 3 AND 6 OF THETRANSFER OF EVEN DATE HEREWITH
Details:	F/H LAND AT MIDHURST ROAD LIPHOOK HAMPSHIRE

SHARE & SHARE CAPITAL INFORMATION

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value
J. SAINSBURY PLC	GBP	29,000,001	ORDINARY	100

Unable to report percentage holdings as filed Shareholder listing is not full.

PAYMENT INFORMATION

Trade Debtors / Bad Debt Summary

· Total Number of Documented Trade

· 12

· Total Value of Documented Trade

£350,392

Trade Payment Information

Average Invoice Value	17402.18
Invoices available	3874
Paid	3382
Outstanding	492

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

Creditor Details

	Total Number	Total Value
Trade Creditors	0	-

No Creditor Data

Trade Debtors / Bad Debt Detail

	Total Number of Documented Trade	Total Value of Documented Trade
Trade Debtors	12	£350,392

Company Name	Amount	Statement Date
Walk UK Limited	£243,038	29/11/2011
Shoefayre Limited	£27,500	20/12/2012
The Inkognito Partnership Ltd	£24,040	10/07/2012
Bridges Healthcare Limited	£20,000	28/08/2012
So Good International Limited	£14,700	11/02/2010
Evotel Whywin Ltd	£12,438	27/09/2013
Finds Ltd	£3,500	24/02/2011
Biddle Innovations Limited	£2,823	29/08/2013
Sunlite Blinds Ltd	£1,036	12/07/2013
I Hotels Ltd	£604	31/10/2011
Etheringtons Electrical & Mechanical Services Ltd	£491	31/05/2011
Karl Industries Ltd	£222	30/05/2013

Average Invoice Value	£17402.18
Invoices available	3874
Paid	3382
Outstanding	492

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

	Within Terms	0-30 Days	31-60 Days	61-90 Days	91+ Days
Paid	1215	1568	395	78	126
Outstanding	155	171	28	21	117

GROUP STRUCTURE & AFFILIATED COMPANIES

Statistics

Group	53 companies
Linkages	22 companies
Countries	In 1 countries

Summary

Holding Company	J SAINSBURY PLC
Ownership Status	Wholly Owned
Ultimate Holding Company	J SAINSBURY PLC

Group structure

Statistics

Group	53 companies
Linkages	22 companies
Countries	In 1 countries

FINANCIAL INFORMATION

Profit & Loss

Date Of Accounts	16/03/13	(%)	17/03/12	(%)	19/03/11	(%)	20/03/10	(%)	21/03/09
Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
Turnover	£23,290,000,000	4.5%	£22,288,000,000	5.6%	£21,100,000,000	5.7%	£19,962,000,000	5.6%	£18,910,000,000
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	£22,272,000,000	4.5%	£21,318,000,000	5.8%	£20,148,000,000	5.6%	£19,083,000,000	5.6%	£18,075,000,000
Gross Profit	£1,018,000,000	4.9%	£970,000,000	1.9%	£952,000,000	8.3%	£879,000,000	5.3%	£835,000,000
Wages & Salaries	£2,283,000,000	6.8%	£2,138,000,000	2.1%	£2,095,000,000	2.7%	£2,039,000,000	3.5%	£1,971,000,000
Directors Emoluments	£20,000,000	11.1%	£18,000,000	-	£18,000,000	-28%	£25,000,000	19%	£21,000,000
Operating Profit	£583,000,000	-14.3%	£680,000,000	-6.7%	£729,000,000	32.5%	£550,000,000	13.6%	£484,000,000
Depreciation	£462,000,000	6.7%	£433,000,000	6.9%	£405,000,000	7.1%	£378,000,000	7.7%	£351,000,000
Audit Fees	£500,000	-	£500,000	-	£500,000	25%	£400,000	-	£400,000
Interest Payments	£282,000,000	2.9%	£274,000,000	999.9%	£10,000,000	-69.7%	£33,000,000	-87.1%	£255,000,000
Pre Tax Profit	£616,000,000	-44.7%	£1,114,000,000	43.7%	£775,000,000	37.9%	£562,000,000	2.6%	£548,000,000
Taxation	-£138,000,000	12.1%	-£157,000,000	-5.4%	-£149,000,000	-7.2%	-£139,000,000	48.9%	-£272,000,000
Profit After Tax	£478,000,000	-50.1%	£957,000,000	52.9%	£626,000,000	48%	£423,000,000	53.3%	£276,000,000
Dividends Payable	£250,000,000	-	£250,000,000	-	-	-	-	-	-
Retained Profit	£228,000,000	-67.8%	£707,000,000	12.9%	£626,000,000	48%	£423,000,000	53.3%	£276,000,000

Balance Sheet

Date Of Accounts	16/03/13	(%)	17/03/12	(%)	19/03/11	(%)	20/03/10	(%)	21/03/09
Tangible Assets	£7,746,000,000	6.7%	£7,263,000,000	3.4%	£7,026,000,000	6.6%	£6,591,000,000	8.5%	£6,072,000,000
Intangible Assets	£160,000,000	6.7%	£150,000,000	2%	£147,000,000	5%	£140,000,000	-11.4%	£158,000,000
Total Fixed Assets	£7,906,000,000	6.7%	£7,413,000,000	3.3%	£7,173,000,000	6.6%	£6,731,000,000	8%	£6,230,000,000
Stock	£986,000,000	5.1%	£938,000,000	15.7%	£811,000,000	15.7%	£701,000,000	2%	£687,000,000
Trade Debtors	£129,000,000	17.3%	£110,000,000	18.3%	£93,000,000	31%	£71,000,000	44.9%	£49,000,000
Cash	£96,000,000	-56.6%	£221,000,000	-16.6%	£265,000,000	132.5%	£114,000,000	1.8%	£112,000,000
Other Debtors	£485,000,000	5%	£462,000,000	20.9%	£382,000,000	57.2%	£243,000,000	-42.8%	£425,000,000
Miscellaneous Current Assets	£19,000,000	375%	£4,000,000	-81.8%	£22,000,000	-67.2%	£67,000,000	55.8%	£43,000,000
Total Current Assets	£1,715,000,000	-1.2%	£1,735,000,000	10.3%	£1,573,000,000	31.5%	£1,196,000,000	-9.1%	£1,316,000,000
Trade Creditors	£1,908,000,000	0.2%	£1,904,000,000	3.7%	£1,836,000,000	3%	£1,782,000,000	3.2%	£1,727,000,000
Bank Loans & Overdrafts	£13,000,000	-	0	-100%	£4,000,000	100%	£2,000,000	-90.5%	£21,000,000
Other Short Term Finance	£1,191,000,000	21.5%	£980,000,000	-22.8%	£1,269,000,000	51.1%	£840,000,000	37.3%	£612,000,000
Miscellaneous Current Liabilities	£764,000,000	-5.7%	£810,000,000	-4%	£844,000,000	11.1%	£760,000,000	-21.7%	£971,000,000
Total Current Liabilities	£3,876,000,000	4.9%	£3,694,000,000	-6.6%	£3,953,000,000	16.8%	£3,384,000,000	1.6%	£3,331,000,000
Bank Loans & Overdrafts and LTL	£1,091,000,000	37.2%	£795,000,000	8.9%	£730,000,000	-20.2%	£915,000,000	31.7%	£695,000,000
Other Long Term Finance	£422,000,000	12.5%	£375,000,000	39.4%	£269,000,000	13%	£238,000,000	406.4%	£47,000,000
Total Long Term Liabilities	£1,078,000,000	35.6%	£795,000,000	9.5%	£726,000,000	-20.5%	£913,000,000	35.5%	£674,000,000

Capital & Reserves

Date Of Accounts	16/03/13	(%)	17/03/12	(%)	19/03/11	(%)	20/03/10	(%)	21/03/09
Called Up Share Capital	£2,900,000,000	-	£2,900,000,000	-	£2,900,000,000	-	£2,900,000,000	-	£2,900,000,000
P & L Account Reserve	£2,479,000,000	11.9%	£2,215,000,000	49.5%	£1,482,000,000	38.6%	£1,069,000,000	25.5%	£852,000,000
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-£712,000,000	-56.1%	-£456,000,000	-44.8%	-£315,000,000	7.1%	-£339,000,000	-60.7%	-£211,000,000
Shareholder Funds	£4,667,000,000	0.2%	£4,659,000,000	14.6%	£4,067,000,000	12%	£3,630,000,000	2.5%	£3,541,000,000

Other Financial Items

Date Of Accounts	16/03/13	(%)	17/03/12	(%)	19/03/11	(%)	20/03/10	(%)	21/03/09
Net Worth	£4,507,000,000	0%	£4,509,000,000	15%	£3,920,000,000	12.3%	£3,490,000,000	3.2%	£3,383,000,000
Working Capital	-£2,161,000,000	-10.3%	-£1,959,000,000	17.7%	-£2,380,000,000	-8.8%	-£2,188,000,000	-8.6%	-£2,015,000,000
Total Assets	£9,621,000,000	5.2%	£9,148,000,000	4.6%	£8,746,000,000	10.3%	£7,927,000,000	5%	£7,546,000,000
Total Liabilities	£4,954,000,000	10.4%	£4,489,000,000	-4.1%	£4,679,000,000	8.9%	£4,297,000,000	7.3%	£4,005,000,000
Net Assets	£4,667,000,000	0.2%	£4,659,000,000	14.6%	£4,067,000,000	12%	£3,630,000,000	2.5%	£3,541,000,000

Cash Flow

Date Of Accounts	16/03/13	(%)	17/03/12	(%)	19/03/11	(%)	20/03/10	(%)	21/03/09
Net Cashflow from Operations	£1,106,000,000	54.9%	£714,000,000	-46%	£1,323,000,000	10.3%	£1,200,000,000	84.6%	£650,000,000
Net Cashflow before Financing	£114,000,000	-10.9%	£128,000,000	-69.4%	£418,000,000	51.4%	£276,000,000	126.2%	£122,000,000
Net Cashflow from Financing	-£252,000,000	-47.4%	-£171,000,000	35.7%	-£266,000,000	-4.3%	-£255,000,000	-4.5%	-£244,000,000
Increase in Cash	-£138,000,000	-220.9%	-£43,000,000	-128.3%	£152,000,000	623.8%	£21,000,000	117.2%	-£122,000,000

Miscellaneous

Date Of Accounts	16/03/13	(%)	17/03/12	(%)	19/03/11	(%)	20/03/10	(%)	21/03/09
Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
Capital Employed	£5,745,000,000	5.3%	£5,454,000,000	13.8%	£4,793,000,000	5.5%	£4,543,000,000	7.8%	£4,215,000,000
Number of Employees	104	3%	101	2%	99	2.1%	97	-	97
Auditors	PRICEWATERHOUSECOOPERS LLP
Auditor Comments	The audit report contains no adverse comments
Bankers	HSBC BANK PLC
Bank Branch Code

Ratios

Date Of Accounts	16/03/13	17/03/12	19/03/11	20/03/10	21/03/09
Pre-tax profit margin %	2.64	5	3.67	2.82	2.90
Current ratio	0.44	0.47	0.40	0.35	0.40
Sales/Net Working Capital	-10.78	-11.38	-8.87	-9.12	-9.38
Gearing %	23.40	17.10	17.90	25.20	19.60
Equity in %	49.30	51.80	47.30	46.60	47.90
Creditor Days	29.82	31.09	31.67	32.49	33.24
Debtor Days	2.01	1.79	1.60	1.29	0.94
Liquidity/Acid Test	0.18	0.21	0.19	0.14	0.18
Return On Capital Employed %	10.72	20.42	16.16	12.37	13
Return On Total Assets Employed %	6.40	12.17	8.86	7.08	7.26
Current Debt Ratio	0.83	0.79	0.97	0.93	0.94
Total Debt Ratio	1.06	0.96	1.15	1.18	1.13
Stock Turnover Ratio %	4.23	4.20	3.84	3.51	3.63
Return on Net Assets Employed %	13.19	23.91	19.05	15.48	15.47

FOREIGN EXCHANGE RATES

ADDITIONAL INFORMATION

Commentary

Multiple CCJ's recorded against the company.
Sales in the latest trading period increased 4.5% on the previous trading period.
A 5.2% growth in Total Assets occurred during the latest trading period.
Pre-tax profits decreased by 44.7% compared to the previous trading period.

The company saw a decrease in their Cash Balance of 56.6% during the latest trading period.
The audit report contains no adverse comments.
The company has undergone recent changes in its directorships.
The company is part of a group.
The company was established over 17 years ago.

Enquiries Trend

There have been 712 enquiries in the last 12 months.

There are an average of 59 reports taken each month.

	3 MONTHS	6 MONTHS	9 MONTHS
Enquiries	169	390	577

Status History

No Status History found

*Event History

Date	Description
24/07/2014	Mr J.M. King has left the board
25/06/2014	New Board Member Mr P.L. Griffiths appointed
17/06/2014	New Board Member Mr N.P. Mills-Hicks appointed
14/04/2014	Mr L.G. Jensen has left the board
11/04/2014	Mr R.C. Fraser has left the board
11/04/2014	N. Sachdev has left the board
11/04/2014	New Board Member Mr J.D. Rudoe appointed
30/11/2013	New Accounts Filed
30/11/2013	New Accounts Filed
02/11/2013	Annual Returns
27/03/2013	Mr G. Burr has left the board
07/02/2013	New Board Member Ms A.S. Risley appointed
25/12/2012	Annual Returns
10/08/2012	New Accounts Filed
10/08/2012	New Accounts Filed

Previous Company Names

Date	Previous Name
07/02/1997	BURGINHALL 921 LIMITED

NOTES & COMMENTS

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs. 61.33
UK Pound	1	Rs. 103.43
Euro	1	Rs. 81.96

INFORMATION DETAILS

Analysis Done by :	DIV

Report Prepared by :	DPT

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.

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