MIRA INFORM REPORT

Report Date :

07.07.2014

IDENTIFICATION DETAILS

Name :	ASDA STORES LIMITED
Formerly Known As :	ASSOCIATED DAIRIES LIMITED
Registered Office :	Asda House South Bank Great Wilson Street LS11 5AD
Country :	United Kingdom
Financials (as on) :	31.12.2012
Date of Incorporation :	19.02.1949
Com. Reg. No.:	00464777
Legal Form :	Private limited with Share Capital
Line of Business :	· Retail Sale In Non-Specialised Stores · Food, clothing, home and leisure products
No. of Employees	1,78,792

RATING & COMMENTS

MIRA’s Rating :

Ba

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

Status :	Satisfactory
Payment Behaviour :	No complaints
Litigation :	Clear

NOTES :

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

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

Company name and address

Company Name: ASDA STORES LIMITED

Company No: 00464777

Registered Address : ASDA HOUSE
SOUTH BANK
GREAT WILSON STREET
LS11 5AD

Trading Address : Asda House
Great Wilson Street
Leeds
West Yorkshire
LS11 5AD

Website Address : http://www.asda.co.uk

Telephone Number : 08009520101

TPS : No

FPS : No

Incorporation Date : 19/02/1949

Previous Name : ASSOCIATED DAIRIES LIMITED

Type : Private limited with Share Capital

FTSE Index :-

Date of Change: 25/08/1987

Filing Date of Accounts : 30/09/2013

Currency : GBP

Share Capital: £757,586,369

SIC07 : 47190

SIC07 Description : OTHER RETAIL SALE IN NON-SPECIALISED STORES

Principal Activity : Food, clothing, home and leisure products.

DIRECTORS/MANAGEMENT

Current Directors

Name	Mark Ibbotson	Date of Birth	03/08/1963
Officers Title	Mr	Nationality	British
Present Appointments	6	Function	Director
Appointment Date	28/01/2013
Address	Asda House, South Bank, Great Wilson Street, Leeds, LS11 5AD
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Hayley Tatum	Date of Birth	17/11/1969
Officers Title	Ms	Nationality	British
Present Appointments	6	Function	Director
Appointment Date	03/10/2011
Address	Asda House South Bank, Great Wilson Street, Leeds, West Yorkshire, LS11 5AD
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Barry Paul Inman Williams	Date of Birth	20/06/1970
Officers Title	Mr	Nationality	British
Present Appointments	6	Function	Director
Appointment Date	18/02/2013
Address	Asda House, South Bank, Great Wilson Street, Leeds, LS11 5AD
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Steve Smith	Date of Birth	27/07/1970
Officers Title	Mr	Nationality	American
Present Appointments	6	Function	Director
Appointment Date	14/05/2012
Address	Asda House, South Bank, Great Wilson Street, Leeds, LS11 5AD
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Andrew James Clarke	Date of Birth	04/01/1964
Officers Title	Mr	Nationality	British
Present Appointments	26	Function	Director
Appointment Date	05/09/2005
Address	Asda House Southbank Great Wilson Street, Leeds, LS11 5AD
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Andrew Jeffrey Moore	Date of Birth	20/03/1957
Officers Title	Mr	Nationality	British
Present Appointments	8	Function	Director
Appointment Date	30/03/2010
Address	Asda House, South Bank, Great Wilson Street, Leeds, LS11 5AD
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Alejandro Russo	Date of Birth	21/07/1971
Officers Title	Mr	Nationality	British
Present Appointments	32	Function	Director
Appointment Date	02/02/2014
Address	Asda House, South Bank, Great Wilson Street, Leeds, LS11 5AD
Other Actions	View Director Report	View Consumer Report

NEGATIVE INFORMATION

CCJ

Total Number of Exact CCJs -	56	Total Value of Exact CCJs -	£111,781
Total Number of Possible CCJs -	3	Total Value of Possible CCJs -	£3,167
Total Number of Satisfied CCJs -	16	Total Value of Satisfied CCJs -	£69,376
Total Number of Writs -	-

Exact CCJ Details

Date	Court	Amount	Status	Case Number	Date Paid
30/04/2014	COUNTY COURT MONEY CLAIMS CENTRE	£802	Judgement	A55YJ272	-
10/01/2014	NORTHAMPTON CCMCC	£2,227	Judgement	3YU10840	-
04/12/2013	NORTHAMPTON CCMCC	£4,988	Judgement	3YQ01794	-
02/12/2013	NORTHAMPTON CCBC	£1,555	Judgement	3QZ49798	-
26/11/2013	NORTHAMPTON CCBC	£955	Judgement	3QZ47680	-

Possible CCJ Details

Date	Court	Amount	Status	Case Number	Date Paid	Registered CCJ / CJ Details
09/02/2012	WOOLWICH	£500	Judgement	2IR00068	-	ASDA SUPERMARKET LIMITED, ASDA HOUSE, SOUTHBANK, GREAT WILSON STREET, LS11 5AD, LS11 5AD
24/06/2011	NORTHAMPTON CCBC	£485	Judgement	1QT57055	-	ASDA, ASDA HOUSE, GREAT WILSON STREET, LEEDS, LS11 5AD, LS11 5AD
06/02/2009	NORTHAMPTON CCBC	£2,182	Judgement	9XQ50267	-	ASDA STORES, BRIGHTON MARINA, BRIGHTON, EAST SUSSEX, , BN2 5UT

Exact CCJ Details

Date	Court	Amount	Status	Case Number	Date Paid
30/04/2014	COUNTY COURT MONEY CLAIMS CENTRE	£802	Judgement	A55YJ272	-
10/01/2014	NORTHAMPTON CCMCC	£2,227	Judgement	3YU10840	-
04/12/2013	NORTHAMPTON CCMCC	£4,988	Judgement	3YQ01794	-
02/12/2013	NORTHAMPTON CCBC	£1,555	Judgement	3QZ49798	-
26/11/2013	NORTHAMPTON CCBC	£955	Judgement	3QZ47680	-
30/10/2013	EXETER	£395	Judgement	3EX00870	-
23/10/2013	NORTHAMPTON CCBC	£1,060	Judgement	3QZ32700	-
14/10/2013	NORTHAMPTON CCBC	£3,048	Judgement	3QZ28275	-
19/09/2013	NORTHAMPTON CCMCC	£5,692	Judgement	3YQ50908	-
28/08/2013	NORTHAMPTON CCBC	£377	Satisfied	3XZ72705	15/10/2013
05/08/2013	NORTHAMPTON CCBC	£7,473	Satisfied	3QT90615	09/09/2013
17/07/2013	NORTHAMPTON CCMCC	£9,495	Judgement	3YL82140	-
03/07/2013	NORTHAMPTON CCMCC	£3,253	Judgement	3YK62093	-
05/06/2013	PLYMOUTH	£430	Judgement	3PL00441	-
22/04/2013	NORTHAMPTON CCMCC	£2,761	Judgement	3YK07877	-
20/04/2013	NORTHAMPTON CCMCC	£1,037	Judgement	3YK19191	-
15/01/2013	NORTHAMPTON CCMCC	£3,664	Judgement	2YN58112	-
09/01/2013	NORTHAMPTON CCBC	£350	Satisfied	2QZ58687	04/03/2013
08/11/2012	NORTHAMPTON CCBC	£306	Judgement	2XQ24419	-
02/11/2012	NORTHAMPTON CCMCC	£23,490	Judgement	2YM24243	-
04/09/2012	NORTHAMPTON CCMCC	£589	Judgement	2YL02565	-
03/08/2012	PORTSMOUTH	£164	Judgement	2PO00552	-
29/06/2012	NORTHAMPTON CCBC	£109	Satisfied	2XQ75306	09/04/2013
20/06/2012	NORTHAMPTON CCMCC	£285	Judgement	2YJ75211	-
15/05/2012	NORTHAMPTON CCBC	£287	Judgement	2QR51123	-
14/01/2012	BIRKENHEAD	£730	Satisfied	1IR76307	13/04/2012
29/09/2011	NORTHAMPTON CCBC	£2,780	Judgement	1QZ05932	-
08/08/2011	ENNISKILLEN COURT OFFICE	£1,854	Judgement	11/068172	-
06/07/2011	CHESTER	£456	Judgement	1IQ64374	-
20/05/2011	BIRMINGHAM	£1,065	Satisfied	1BM00649	12/07/2011
06/05/2011	NORTHAMPTON CCBC	£310	Judgement	1QT33056	-
23/03/2011	ST ALBANS	£214	Judgement	1SI00125	-
25/02/2011	LIVERPOOL	£3,551	Judgement	1LV80087	-
28/01/2011	EASTBOURNE	£700	Judgement	1EA00025	-
14/01/2011	BASINGSTOKE	£437	Satisfied	0JJ15314	07/03/2011
12/01/2011	WAKEFIELD	£2,000	Satisfied	0LS07787	16/05/2011
05/01/2011	NORTHAMPTON CCBC	£61	Judgement	0QZ43565	-
19/12/2010	NORTHAMPTON CCBC	£500	Satisfied	0XZ58602	11/02/2011
18/11/2010	BATH	£2,090	Satisfied	0BA00795	18/05/2011
03/11/2010	FALKIRK	£792	Judgement	SA776/10	-
18/10/2010	BIRKENHEAD	£8,522	Judgement	0BI09457	-
08/09/2010	WESTON SUPER MARE	£175	Judgement	0QT49108	-
27/08/2010	LIVERPOOL	£157	Judgement	0QT46461	-
26/08/2010	BIRKENHEAD	£653	Satisfied	0BI25717	06/10/2010
04/08/2010	NORTHAMPTON CCBC	£1,918	Judgement	0QT76927	-
30/07/2010	SHOREDITCH	£834	Judgement	0UA31243	-
07/07/2010	CENTRAL LONDON	£4,176	Judgement	0QT12969	-
29/06/2010	LIVERPOOL	£2,828	Satisfied	0LV23918	19/11/2010
29/06/2010	TORQUAY	£400	Judgement	0TQ00640	-
08/06/2010	BOURNEMOUTH	£464	Judgement	0BH01481	-
03/06/2010	WATFORD	£511	Judgement	0WD00939	-
12/05/2010	NORTHAMPTON CCBC	£351	Judgement	0QT46106	-
23/04/2010	LEICESTER	£545	Judgement	0LE00968	-
09/04/2010	ALTRINCHAM	£836	Judgement	0AL01074	-
16/03/2010	NORTHAMPTON CCBC	£455	Judgement	0QT21752	-
12/01/2010	LUTON	£515	Judgement	9LU04033	-
07/11/2009	PONTEFRACT	£157	Judgement	9PF00451	-
28/08/2009	NORTHAMPTON CCBC	£647	Judgement	9QZ05668	-
25/08/2009	NORTHAMPTON CCBC	£460	Judgement	9QZ09575	-
12/08/2009	NORTHAMPTON CCBC	£2,799	Judgement	9XH00228	-
10/06/2009	CHESTERFIELD	£3,091	Satisfied	9XN30338	23/09/2009
06/06/2009	DERBY	£6,513	Judgement	9DE02179	-
01/06/2009	NEWPORT (GWENT)	£544	Judgement	9NP01360	-
19/05/2009	STOCKPORT	£1,111	Judgement	9SK02125	-
11/05/2009	STAINES	£249	Judgement	9SM00611	-
20/04/2009	NORTHAMPTON CCBC	£1,339	Satisfied	9XZ71772	29/05/2009
30/03/2009	NORTHAMPTON CCBC	£407	Judgement	9QT31760	-
07/10/2008	NORTHAMPTON CCBC	£45,717	Satisfied	8XJ25865	15/07/2009
17/09/2008	CENTRAL LONDON	£300	Judgement	8CL05271	-
07/08/2008	DARTFORD	£695	Judgement	8DA03520	-
10/07/2008	NORTHAMPTON CCBC	£617	Satisfied	8QT63664	14/08/2008
07/07/2008	MANCHESTER	£839	Judgement	8MA12665	-

Possible CCJs Details

Date	Court	Amount	Status	Case Number	Date Paid	Registered CCJ Details
09/02/2012	WOOLWICH	£500	Judgement	2IR00068	-	ASDA SUPERMARKET LIMITED, ASDA HOUSE, SOUTHBANK, GREAT WILSON STREET, LS11 5AD, LS11 5AD
24/06/2011	NORTHAMPTON CCBC	£485	Judgement	1QT57055	-	ASDA, ASDA HOUSE, GREAT WILSON STREET, LEEDS, LS11 5AD, LS11 5AD
06/02/2009	NORTHAMPTON CCBC	£2,182	Judgement	9XQ50267	-	ASDA STORES, BRIGHTON MARINA, BRIGHTON, EAST SUSSEX, , BN2 5UT

Writ Details

No writs found

SHARE & SHARE CAPITAL INFORMATION

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
ASDA GROUP LTD	GBP	566,781,240	REDEEMABLE ORDINARY	1	74.81
ASDA GROUP LTD	GBP	190,805,129	ORDINARY	1	25.19

PAYMENT INFORMATION

Payment Trend

Stable

GROUP STRUCTURE & AFFILIATED COMPANIES

Statistics

Group	37 companies
Linkages	13 companies
Countries	In 3 countries

Summary

Holding Company	ASDA GROUP LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	WAL-MART STORES, INC

Group structure

Statistics

Group	37 companies
Linkages	13 companies
Countries	In 3 countries

Other Linked companies

Name	Number	Latest Key Financials	Turnover
WINDMILL AMERICAN HOLDINGS B.V.	34305059	31.12.2013
WAL-MART TRANSPORTATION, LLC		-
CLAIMS MANAGEMENT, INC		-
WALMART LABS		-
VUDU INC		-
ONERIOT, INC		-
INKIRU, INC		-
TASTY LABS, INC		-
WAL MART 6462 SAMS CLUB		-
TORBIT, INC		-
SAM'S WEST, INC		-
D&S		-
VUDU INC		-

FINANCIAL INFORMATION

Profit & Loss

Date Of Accounts	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08
Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
Turnover	£22,813,900,000	5.3%	£21,661,000,000	5.5%	£20,535,300,000	3.6%	£19,818,600,000	6.7%	£18,569,839,000
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-
Wages & Salaries	£2,464,700,000	5.3%	£2,340,300,000	2.7%	£2,279,000,000	8.3%	£2,104,000,000	-0.3%	£2,109,530,000
Directors Emoluments	£9,220,000	4.7%	£8,810,000	20%	£7,340,000	18.4%	£6,200,000	-13.5%	£7,167,000
Operating Profit	£433,900,000	-6.3%	£463,300,000	9.2%	£424,200,000	-17.4%	£513,500,000	106.2%	£249,047,000
Depreciation	£316,900,000	-1.7%	£322,300,000	-3.5%	£333,900,000	-99.9%	£314,527,000,000	999.9%	£291,105,000
Audit Fees	£200,000	-33.3%	£300,000	-	£300,000	-	£300,000	7.1%	£280,000
Interest Payments	£135,900,000	13.2%	£120,100,000	-40%	£200,100,000	-23%	£259,800,000	56.6%	£165,856,000
Pre Tax Profit	£483,500,000	-4.6%	£506,900,000	3.1%	£491,800,000	-13.9%	£571,100,000	14.9%	£497,176,000
Taxation	-£104,000,000	25.1%	-£138,800,000	14.8%	-£163,000,000	-29.7%	-£125,700,000	-113.1%	-£58,978,000
Profit After Tax	£379,500,000	3.1%	£368,100,000	12%	£328,800,000	-26.2%	£445,400,000	1.6%	£438,198,000
Dividends Payable	-	-	-	-	-	-	-	-100%	£300,000,000
Retained Profit	£379,500,000	3.1%	£368,100,000	12%	£328,800,000	-26.2%	£445,400,000	222.3%	£138,198,000

Balance Sheet

Date Of Accounts	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08
Tangible Assets	£5,408,400,000	2.1%	£5,296,800,000	20.2%	£4,407,400,000	2%	£4,320,200,000	-11.2%	£4,862,680,000
Intangible Assets	£20,600,000	-7.2%	£22,200,000	-6.7%	£23,800,000	-10.9%	£26,700,000	-9.6%	£29,525,000
Total Fixed Assets	£5,429,000,000	2.1%	£5,319,000,000	20%	£4,431,200,000	1.9%	£4,346,900,000	-11.1%	£4,892,205,000
Stock	£1,105,800,000	12.7%	£981,300,000	-1.1%	£992,100,000	8.9%	£911,000,000	-0.8%	£918,760,000
Trade Debtors	£119,200,000	-3.1%	£123,000,000	-9.9%	£136,500,000	-10%	£151,600,000	25.1%	£121,146,000
Cash	£365,300,000	479.8%	£63,000,000	-70.1%	£211,000,000	-4.5%	£221,000,000	-	0
Other Debtors	£1,335,900,000	-47.4%	£2,539,900,000	5.8%	£2,399,600,000	-38.8%	£3,919,100,000	143%	£1,612,535,000
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	£2,926,200,000	-21.1%	£3,707,200,000	-0.9%	£3,739,200,000	-28.1%	£5,202,700,000	96.1%	£2,652,441,000
Trade Creditors	£1,935,200,000	1.7%	£1,902,400,000	-6.7%	£2,039,700,000	6.5%	£1,915,300,000	9.9%	£1,743,245,000
Bank Loans & Overdrafts	0	-	0	-	0	-	0	-100%	£46,167,000
Other Short Term Finance	£83,300,000	-93.5%	£1,277,800,000	103.2%	£628,700,000	-74.7%	£2,480,500,000	24.5%	£1,993,159,000
Miscellaneous Current Liabilities	£859,000,000	4.6%	£820,900,000	8.7%	£755,500,000	4.9%	£720,000,000	1.4%	£709,764,000
Total Current Liabilities	£2,877,500,000	-28.1%	£4,001,100,000	16.9%	£3,423,900,000	-33.1%	£5,115,800,000	13.9%	£4,492,335,000
Bank Loans & Overdrafts and LTL	£366,700,000	-8.6%	£401,100,000	-18.4%	£491,400,000	17.8%	£417,100,000	23.1%	£338,890,000
Other Long Term Finance	£4,200,000	-6.7%	£4,500,000	-	0	-	0	-	0
Total Long Term Liabilities	£366,700,000	-8.6%	£401,100,000	-18.4%	£491,400,000	17.8%	£417,100,000	42.5%	£292,723,000

Capital & Reserves

Date Of Accounts	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08
Called Up Share Capital	£757,600,000	27.4%	£594,800,000	-	£594,800,000	-	£594,800,000	1.7%	£584,865,000
P & L Account Reserve	£3,283,000,000	10.6%	£2,968,400,000	14.2%	£2,598,500,000	10.1%	£2,360,100,000	14.4%	£2,062,980,000
Revaluation Reserve	£120,100,000	8.7%	£110,500,000	-0.9%	£111,500,000	-	£111,500,000	0%	£111,483,000
Sundry Reserves	£950,300,000	-	£950,300,000	-	£950,300,000	-	£950,300,000	999.9%	£260,000
Shareholder Funds	£5,111,000,000	10.5%	£4,624,000,000	8.7%	£4,255,100,000	5.9%	£4,016,700,000	45.6%	£2,759,588,000

Other Financial Items

Date Of Accounts	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08
Net Worth	£5,090,400,000	10.6%	£4,601,800,000	8.8%	£4,231,300,000	6%	£3,990,000,000	46.2%	£2,730,063,000
Working Capital	£48,700,000	116.6%	-£293,900,000	-193.2%	£315,300,000	262.8%	£86,900,000	104.7%	-£1,839,894,000
Total Assets	£8,355,200,000	-7.4%	£9,026,200,000	10.5%	£8,170,400,000	-14.4%	£9,549,600,000	26.6%	£7,544,646,000
Total Liabilities	£3,244,200,000	-26.3%	£4,402,200,000	12.4%	£3,915,300,000	-29.2%	£5,532,900,000	15.6%	£4,785,058,000
Net Assets	£5,111,000,000	10.5%	£4,624,000,000	8.7%	£4,255,100,000	5.9%	£4,016,700,000	45.6%	£2,759,588,000

Miscellaneous

Date Of Accounts	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08
Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
Capital Employed	£5,477,700,000	9%	£5,025,100,000	5.9%	£4,746,500,000	7.1%	£4,433,800,000	45.3%	£3,052,311,000
Number of Employees	178792	1.3%	176453	2.3%	172458	2.2%	168666	4%	162105
Auditors	ERNST & YOUNG LLP
Auditor Comments	The audit report contains no adverse comments
Bankers	NATIONAL WESTMINSTER BANK PLC
Bank Branch Code	60-60-05

Ratios

Date Of Accounts	31/12/12	31/12/11	31/12/10	31/12/09	31/12/08
Pre-tax profit margin %	2.12	2.34	2.39	2.88	2.68
Current ratio	1.02	0.93	1.09	1.02	0.59
Sales/Net Working Capital	468.46	-73.70	65.13	228.06	-10.09
Gearing %	7.20	8.70	11.50	10.40	12.30
Equity in %	61.30	51.40	52.20	42.20	36.70
Creditor Days	30.87	31.96	36.15	35.17	34.17
Debtor Days	1.90	2.06	2.41	2.78	2.37
Liquidity/Acid Test	0.63	0.68	0.80	0.83	0.38
Return On Capital Employed %	8.82	10.08	10.36	12.88	16.28
Return On Total Assets Employed %	5.78	5.61	6.01	5.98	6.58
Current Debt Ratio	0.56	0.86	0.80	1.27	1.62
Total Debt Ratio	0.63	0.95	0.92	1.37	1.73
Stock Turnover Ratio %	4.84	4.53	4.83	4.59	4.94
Return on Net Assets Employed %	9.45	10.96	11.55	14.21	18.01

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	21	£222,878

Company Name	Amount	Statement Date
Evotel Risun Ltd	£60,401	01/05/2014
Allmonde Group Limited	£35,615	24/11/2011
Time 4 Furniture Limited	£22,491	28/11/2011
Tyler Ltd	£21,000	20/12/2012
Bike Insurer Services Ltd	£14,440	02/08/2011
Jacob Foodservice Ltd	£13,023	14/08/2013
Ignito Limited	£12,156	05/02/2010
Jacob Foodservice Ltd	£8,754	14/08/2013
Method Two Limited	£8,111	07/02/2012
N B Q A Ltd	£5,581	22/06/2012
Candour Event Marketing Limited	£5,252	16/10/2009
Candy Chaos Ltd	£5,132	11/05/2012
Sportskit Limited	£4,441	19/05/2010
Eurocash Corporation Limited	£3,318	25/06/2010
Carbon Marketing Limited	£1,020	09/05/2014
Abode Furnishings Ltd	£842	10/11/2011
Sussex Mushrooms Ltd	£360	29/07/2011
South Wales Security Limited	£282	03/12/2010
Northumbria Home Improvements Limited	£249	30/01/2013
Catalyst Rail Services Ltd	£210	27/04/2012
Grasshopper Babywear (Wolverhampton) Limited	£200	31/08/2012

FOREIGN EXCHANGE RATES

N/a

ADDITIONAL INFORMATION

Enquiries Trend

There have been 1100 enquiries in the last 12 months.

There are an average of 92 reports taken each month.

Current Company Secretary

Name	Alexander Simpson	Date of Birth	-
Officers Title	Mr	Nationality
Present Appointments	1	Function	Company Secretary
Appointment Date	01/06/2013
Address	Asda House, South Bank, Great Wilson Street, Leeds, LS11 5AD

Status History

No Status History found

Event History

Date	Description
28/04/2014	Ms K.R. Hubbard has left the board
28/04/2014	New Board Member Mr A. Russo appointed
18/04/2014	New Board Member Mr A. Russo appointed
17/04/2014	Mr R.A. Mayfield has left the board
08/01/2014	Annual Returns
11/10/2013	New Accounts Filed
11/10/2013	New Accounts Filed
12/09/2013	Ms E. Doohan has left the board
22/08/2013	New Board Member Mr R.A. Mayfield appointed
15/08/2013	Ms E. Doohan has resigned as company secretary
15/08/2013	New Company Secretary Mr A. Simpson appointed
06/05/2013	Mrs J.J. McKenna has left the board
05/04/2013	New Board Member Mr M. Ibbotson appointed
08/03/2013	New Board Member Mr B.P. Williams appointed
06/12/2012	New Board Member Mr R. Mayfield appointed

Previous Company Names

Date	Previous Name
25/08/1987	ASSOCIATED DAIRIES LIMITED

Previous Director/Company Secretaries

	Current Directorships	Previous Directorships
Eleanor Doohan	3	29
Frank James Allan	0	1
William Edward Bailey	0	2
Keith Clarke	0	1
Michael A Palmer	0	1
Denise Nichola Jagger	32	49
Denise Nichola Jagger	32	49
Lloyd Anthony Campbell	6	21
Peter William Monaghan	0	3
Francis Benjamin Atkinson	0	10
Stephen Godfrey Clark	0	7
James Richard Harker	2	6
John Duggan	14	35
Jonathan Gaunt Fox	2	1
Michael John Russell	0	1
James Ballingall	1	6
Lawrence Frederick Boyle	0	1
John Galloway	0	3
Keith Shingler	0	1
Maurice Gordon McBeath	0	3
Philip Richard Langsdale	2	14
Richard Nigel Bendel	13	14
Richard Wilson Brewer	1	2
Anthony George Jeffries	0	5
Brian Carr Milburn	4	23
Philip Martin White	18	189
Francis Robert Emmott	1	6
Michael William Fleming	0	3
David Downie	23	3
Dana Elizabeth Armstrong	1	2
Philip Robert Cox	18	64
Philip Robert Cox	18	64
Michael Andrew Coupe	0	9
Howard Glen Bowles	0	1
Steven Anthony Cain	0	10
Andrew Hedley Hornby	2	26
Anthony Denunzio	11	21
Archibald John Norman	1	23
Geoffrey Graham Street	0	25
David Smith	3	5
Allan Leslie Leighton	4	22
Mark Blundell	0	1
Judith Jane McKenna	1	29
Brian McLaughlin	2	1
Richard Baker	0	6
Angela Lesley Spindler	0	9
Gwyn Burr	0	3
Justin Matthew King	0	5
Neil Braithwaite	22	190
David Cheesewright	0	2
Ian McLeod	0	6
John Longworth	0	28
John Longworth	0	28
Anthony Joseph Thompson	11	7
Anthony Robert Page	0	4
Peter Pritchard	0	3
David Cheesewright	0	3
Darren Blackhurst	0	4
Ronald David Scott	3	27
Paul Mason	0	25
Nicholas Ian Cooper	64	94
Chittaranjan Kuchinad	0	3
Philip Dutton	2	359
Charles Robert Redfield	0	5
Eleanor Doohan	3	29
Andrew James Bond	18	25
Karen Rachael Hubbard	0	11
Andrew James Clarke	2	11
Richard Andrew Mayfield	1	29
Simon Theodore King	3	5
Douglas John Gurr	1	6

Average Invoice Value	£22265.79
Invoices available	8307
Paid	6861
Outstanding	1446

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	3033	2047	1065	396	320
Outstanding	219	299	234	74	620

NOTES & COMMENTS

Commentary

CCJ of significant value recorded against the company.

Sales in the latest trading period increased 5.3% on the previous trading period.

Net Worth increased by 10.6% during the latest trading period.

A 7.4% decline in Total Assets occurred during the latest trading period.

Pre-tax profits decreased by 4.6% compared to the previous trading period.

The company saw an increase in their Cash Balance of 479.8% 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 65 years ago.

The company is an approved signatory to the Prompt Payment Code initiative

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.59.79
UK Pound	1	Rs.102.66
Euro	1	Rs.81.32

INFORMATION DETAILS

Analysis Done by :	RAS
Report Prepared by :	NIS

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.