MIRA INFORM REPORT
|
Report No. : |
317278 |
|
Report Date : |
15.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
TJX UK |
|
|
|
|
Formerly Known As : |
TK MAXX |
|
|
|
|
Registered Office : |
50 Clarendon Roadwatfordhertfordshirewd17 1TX |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
01.02.2014 |
|
|
|
|
Date of Incorporation : |
18.08.1995 |
|
|
|
|
Com. Reg. No.: |
03094828 |
|
|
|
|
Legal Form : |
Private unlimited with Share Capital |
|
|
|
|
Line of Business : |
Retailing of fashionable, quality, famous
name merchandise through 'TK Maxx' stores. |
|
|
|
|
No. of Employee : |
15659 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No complaints |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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
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
TJX UK
Company No:
03094828
Registered Address:
50 CLARENDON ROADWATFORDHERTFORDSHIREWD17 1TX
Company Summary
|
Registered
Address |
50
CLARENDON ROAD |
Trading
Address |
50
Clarendon Road |
|
Website
Address |
|
|
|
|
Telephone
Number |
01516472837 |
Fax Number |
|
|
TPS |
No |
FPS |
No |
|
Incorporation
Date |
18/08/1995 |
|
|
|
Previous
Name |
TK MAXX |
Type |
Private unlimited with Share Capital |
|
FTSE Index |
-- |
Date of
Change |
12/03/2008 |
|
Filing Date
of Accounts |
31/10/2014 |
Currency |
GBP |
|
Share Capital |
£74,223,263 |
SIC07 |
47789 |
|
Charity
Number |
-- |
|
|
|
SIC07
Description |
OTHER
RETAIL SALE OF NEW GOODS IN SPECIALISED STORES (NOT COMMERCIAL ART GALLERIES
AND OPTICIANS) |
||
|
Principal
Activity |
Retailing
of fashionable, quality, famous name merchandise through 'TK Maxx' stores. |
||
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder |
Funds Employees |
|
01/02/2014 |
£1,995,000,000 |
£91,500,000 |
£501,700,000 |
15659 |
|
02/02/2013 |
£1,814,600,000 |
£80,500,000 |
£437,400,000 |
14421 |
|
28/01/2012 |
£1,353,600,000 |
£35,400,000 |
£370,600,000 |
14239 |
Mortgage Summary
Total Mortgage 1
Outstanding 1
Satisfied 0
Trade Debtors / Bad Debt Summary
Total Number of Documented Trade 0
Total Value of Documented Trade £0
Commentary
|
This company has been treated as a Large
company in respect of the rating/limit generated. |
|
|
This company's return on total assets
employed ratio indicates a highly efficient use of assets. |
|
|
This company has made late payments on a
medium percentage of invoices. |
|
|
This company's ratio of total liabilities
to total assets indicates the presence of moderate equity funding. |
|
|
The company has more cash than short term
bank borrowings. |
CCJ
|
Total Number of Exact CCJs - |
0 |
Total Value of Exact CCJs - |
|
|
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 - |
- |
|
Total Current Directors |
4 |
|
Total Current Secretaries |
4 |
|
Total Previous Directors / Company
Secretaries |
13 |
Current Directors
|
Name |
Mary Blier Reynolds |
Date of Birth |
05/12/1955 |
|
Officers Title |
Ms |
Nationality |
American |
|
Present Appointments |
8 |
Function |
Director |
|
Appointment Date |
06/06/2006 |
||
|
Address |
50 Clarendon Road, Watford, Hertfordshire,
WD17 1TX |
||
|
Name |
Michael Callum MacMillan |
Date of Birth |
23/07/1956 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
29/01/2012 |
||
|
Address |
50 Clarendon Road, Watford, Hertfordshire,
WD17 1TX |
||
|
Name |
David Lawrence Averill |
Date of Birth |
26/01/1967 |
|
Officers Title |
Mr |
Nationality |
American |
|
Present Appointments |
9 |
Function |
Director |
|
Appointment Date |
19/10/2012 |
||
|
Address |
50 Clarendon Road, Watford, Hertfordshire,
WD17 1TX |
||
|
Name |
Scott Lawrence Goldenberg |
Date of Birth |
29/01/1954 |
|
Officers Title |
Mr |
Nationality |
American |
|
Present Appointments |
9 |
Function |
Director |
|
Appointment Date |
19/10/2012 |
||
|
Address |
50 Clarendon Road, Watford, Hertfordshire,
WD17 1TX |
||
Current Company Secretary
|
Name |
Ann McCauley |
Date of Birth |
- |
|
Officers Title |
Ms |
Nationality |
British |
|
Present Appointments |
5 |
Function |
Company Secretary |
|
Appointment Date |
07/06/2005 |
||
|
Address |
50 Clarendon Road, Watford, Hertfordshire,
WD17 1TX |
||
|
Name |
Susan Beaumont |
Date of Birth |
- |
|
Officers Title |
Ms |
Nationality |
British |
|
Present Appointments |
3 |
Function |
Company Secretary |
|
Appointment Date |
07/06/2005 |
||
|
Address |
50 Clarendon Road, Watford, Hertfordshire,
WD17 1TX |
||
|
Name |
Lisa Schwartz |
Date of Birth |
- |
|
Officers Title |
Ms |
Nationality |
British |
|
Present Appointments |
4 |
Function |
Company Secretary |
|
Appointment Date |
07/06/2005 |
||
|
Address |
50 Clarendon Road, Watford, Hertfordshire,
WD17 1TX |
||
|
Name |
Alicia Colarte Kelly |
Date of Birth |
- |
|
Officers Title |
Ms |
Nationality |
British |
|
Present Appointments |
4 |
Function |
Company Secretary |
|
Appointment Date |
03/06/2008 |
||
|
Address |
50 Clarendon Road, Watford, Hertfordshire,
WD17 1TX |
||
Top 20 Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
|
TJX EUROPE LTD |
GBP |
48,888,262 |
ORDINARY |
1 |
65.87 |
|
TJX EUROPE LTD |
GBP |
25,335,000 |
REDEEMABLE PREFERENCE |
1 |
34.13 |
|
TK MAXX |
GBP |
1 |
ORDINARY |
1 |
0 |
Profit & Loss
|
Date Of Accounts |
01/02/14 |
(%) |
02/02/13 |
(%) |
28/01/12 |
(%) |
29/01/11 |
(%) |
31/01/10 |
|
Weeks |
52 |
(%) |
53 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
£1,995,000,000 |
9.9% |
£1,814,600,000 |
34.1% |
£1,353,600,000 |
7% |
£1,264,900,000 |
5.9% |
£1,194,311,900 |
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cost of Sales |
£1,767,200,000 |
10% |
£1,606,000,000 |
33.8% |
£1,200,500,000 |
5.7% |
£1,136,200,000 |
12.1% |
£1,013,448,400 |
|
Gross Profit |
£227,800,000 |
9.2% |
£208,600,000 |
36.3% |
£153,100,000 |
19% |
£128,700,000 |
-28.8% |
£180,863,500 |
|
Wages & Salaries |
£267,200,000 |
9.4% |
£244,300,000 |
13.6% |
£215,100,000 |
9.9% |
£195,700,000 |
2.3% |
£191,385,300 |
|
Directors Emoluments |
£1,500,000 |
-21.1% |
£1,900,000 |
-53.7% |
£4,100,000 |
215.4% |
£1,300,000 |
33.8% |
£971,500 |
|
Operating Profit |
£91,100,000 |
37.6% |
£66,200,000 |
178.2% |
£23,800,000 |
-31.4% |
£34,700,000 |
-47.2% |
£65,753,000 |
|
Depreciation |
£52,800,000 |
8.4% |
£48,700,000 |
9.4% |
£44,500,000 |
16.2% |
£38,300,000 |
9.4% |
£34,997,800 |
|
Audit Fees |
£100,000 |
-75% |
£400,000 |
33.3% |
£300,000 |
- |
£300,000 |
26.3% |
£237,500 |
|
Interest Payments |
£2,000,000 |
122.2% |
£900,000 |
-25% |
£1,200,000 |
999.9% |
£100,000 |
609.2% |
£14,100 |
|
Pre Tax Profit |
£91,500,000 |
13.7% |
£80,500,000 |
127.4% |
£35,400,000 |
-61.5% |
£92,000,000 |
17.5% |
£78,293,000 |
|
Taxation |
-£18,600,000 |
-21.6% |
-£15,300,000 |
-168.4% |
-£5,700,000 |
40.6% |
-£9,600,000 |
51.8% |
-£19,931,800 |
|
Profit After Tax |
£72,900,000 |
11.8% |
£65,200,000 |
119.5% |
£29,700,000 |
-64% |
£82,400,000 |
41.2% |
£58,361,200 |
|
Dividends Payable |
- |
-100% |
£2,400,000 |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
£72,900,000 |
16.1% |
£62,800,000 |
111.4% |
£29,700,000 |
-64% |
£82,400,000 |
41.2% |
£58,361,200 |
Balance Sheet
|
Date Of Accounts |
01/02/14 |
(%) |
02/02/13 |
(%) |
28/01/12 |
(%) |
29/01/11 |
(%) |
31/01/10 |
|
Tangible Assets |
£314,500,000 |
6.3% |
£295,800,000 |
5.7% |
£279,900,000 |
1.3% |
£276,400,000 |
14.8% |
£240,858,700 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£314,500,000 |
6.3% |
£295,800,000 |
5.7% |
£279,900,000 |
1.3% |
£276,400,000 |
14.8% |
£240,858,700 |
|
Stock |
£225,300,000 |
9.8% |
£205,200,000 |
10.9% |
£185,100,000 |
5.6% |
£175,300,000 |
42.6% |
£122,957,300 |
|
Trade Debtors |
£600,000 |
-84.6% |
£3,900,000 |
105.3% |
£1,900,000 |
-40.6% |
£3,200,000 |
490.7% |
£541,700 |
|
Cash |
£169,900,000 |
48.9% |
£114,100,000 |
68% |
£67,900,000 |
60.1% |
£42,400,000 |
-54.9% |
£94,043,600 |
|
Other Debtors |
£246,400,000 |
28.3% |
£192,100,000 |
35.3% |
£142,000,000 |
9.4% |
£129,800,000 |
367.2% |
£27,781,700 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£642,200,000 |
24.6% |
£515,300,000 |
29.8% |
£396,900,000 |
13.2% |
£350,700,000 |
43% |
£245,324,300 |
|
Trade Creditors |
£145,200,000 |
-5.3% |
£153,300,000 |
13% |
£135,700,000 |
2.1% |
£132,900,000 |
46.2% |
£90,917,700 |
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Short Term Finance |
£126,900,000 |
220.5% |
£39,600,000 |
78.4% |
£22,200,000 |
85% |
£12,000,000 |
999.9% |
£710,500 |
|
Miscellaneous Current Liabilities |
£109,100,000 |
-5.2% |
£115,100,000 |
42.6% |
£80,700,000 |
1.6% |
£79,400,000 |
-10.2% |
£88,432,900 |
|
Total Current Liabilities |
£381,200,000 |
23.8% |
£308,000,000 |
29.1% |
£238,600,000 |
6.4% |
£224,300,000 |
24.6% |
£180,061,100 |
|
Bank Loans & Overdrafts and LTL |
£73,800,000 |
12.3% |
£65,700,000 |
-2.8% |
£67,600,000 |
2.6% |
£65,900,000 |
18.7% |
£55,517,700 |
|
Other Long Term Finance |
£25,300,000 |
- |
£25,300,000 |
- |
£25,300,000 |
- |
0 |
-100% |
£25,335,000 |
|
Total Long Term Liabilities |
£73,800,000 |
12.3% |
£65,700,000 |
-2.8% |
£67,600,000 |
2.6% |
£65,900,000 |
18.7% |
£55,517,700 |
Capital & Reserves
|
Date Of Accounts |
01/02/14 |
(%) |
02/02/13 |
(%) |
28/01/12 |
(%) |
29/01/11 |
(%) |
31/01/10 |
|
Called Up Share
Capital |
£48,900,000 |
- |
£48,900,000 |
- |
£48,900,000 |
- |
£48,900,000 |
0% |
£48,888,300 |
|
P & L Account
Reserve |
£421,200,000 |
20.1% |
£350,800,000 |
21.8% |
£288,000,000 |
11.5% |
£258,300,000 |
46.8% |
£175,920,900 |
|
Revaluation
Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
£31,600,000 |
-16.2% |
£37,700,000 |
11.9% |
£33,700,000 |
13.5% |
£29,700,000 |
15.1% |
£25,795,000 |
|
Shareholder Funds |
£501,700,000 |
14.7% |
£437,400,000 |
18% |
£370,600,000 |
10% |
£336,900,000 |
34.4% |
£250,604,200 |
Other Financial Items
|
Date Of Accounts |
01/02/14 |
(%) |
02/02/13 |
(%) |
28/01/12 |
(%) |
29/01/11 |
(%) |
31/01/10 |
|
Net Worth |
£501,700,000 |
14.7% |
£437,400,000 |
18% |
£370,600,000 |
10% |
£336,900,000 |
34.4% |
£250,604,200 |
|
Working Capital |
£261,000,000 |
25.9% |
£207,300,000 |
31% |
£158,300,000 |
25.2% |
£126,400,000 |
93.7% |
£65,263,200 |
|
Total Assets |
£956,700,000 |
18% |
£811,100,000 |
19.8% |
£676,800,000 |
7.9% |
£627,100,000 |
29% |
£486,183,000 |
|
Total Liabilities |
£455,000,000 |
21.8% |
£373,700,000 |
22% |
£306,200,000 |
5.5% |
£290,200,000 |
23.2% |
£235,578,800 |
|
Net Assets |
£501,700,000 |
14.7% |
£437,400,000 |
18% |
£370,600,000 |
10% |
£336,900,000 |
34.4% |
£250,604,200 |
Miscellaneous
|
Date Of Accounts |
01/02/14 |
(%) |
02/02/13 |
(%) |
28/01/12 |
(%) |
29/01/11 |
(%) |
31/01/10 |
|
Contingent
Liability |
YES |
- |
YES |
- |
YES |
- |
NO |
- |
YES |
|
Capital Employed |
£575,500,000 |
14.4% |
£503,100,000 |
14.8% |
£438,200,000 |
8.8% |
£402,800,000 |
31.6% |
£306,121,900 |
|
Number of
Employees |
15659 |
8.6% |
14421 |
1.3% |
14239 |
-5.5% |
15066 |
12.6% |
13379 |
|
Auditors |
PRICEWATERHOUSECOOPERS LLP |
|
Auditor Comments |
The audit report contains no adverse
comments |
|
Bankers |
NATIONAL WESTMINSTER BANK PLC |
|
Bank Branch Code |
Ratios
|
Date Of Accounts |
01/02/14 |
02/02/13 |
28/01/12 |
29/01/11 |
31/01/10 |
|
Pre-tax profit margin % |
4.59 |
4.44 |
2.62 |
7.27 |
6.56 |
|
Current ratio |
1.68 |
1.67 |
1.66 |
1.56 |
1.36 |
|
Sales/Net Working Capital |
7.64 |
8.75 |
8.55 |
10.01 |
18.30 |
|
Gearing % |
14.70 |
15 |
18.20 |
19.60 |
22.20 |
|
Equity in % |
52.40 |
53.90 |
54.80 |
53.70 |
51.50 |
|
Creditor Days |
26.49 |
31.34 |
36.49 |
38.24 |
27.70 |
|
Debtor Days |
0.10 |
0.79 |
0.51 |
0.92 |
0.16 |
|
Liquidity/Acid Test |
1.09 |
1 |
0.88 |
0.78 |
0.67 |
|
Return On Capital Employed % |
15.89 |
16 |
8.07 |
22.84 |
25.57 |
|
Return On Total Assets Employed % |
9.56 |
9.92 |
5.23 |
14.67 |
16.10 |
|
Current Debt Ratio |
0.75 |
0.70 |
0.64 |
0.66 |
0.71 |
|
Total Debt Ratio |
0.90 |
0.85 |
0.82 |
0.86 |
0.94 |
|
Stock Turnover Ratio % |
11.29 |
11.30 |
13.67 |
13.85 |
10.29 |
|
Return on Net Assets Employed % |
18.23 |
18.40 |
9.55 |
27.30 |
31.24 |
Report Notes
|
There are no notes to display. |
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
08/11/2014 |
New Accounts Filed |
|
08/11/2014 |
New Accounts Filed |
|
13/09/2014 |
Annual Returns |
|
02/11/2013 |
New Accounts Filed |
|
02/11/2013 |
New Accounts Filed |
|
04/09/2013 |
Annual Returns |
|
22/11/2012 |
New Board Member Mr S.L. Goldenberg
appointed |
|
15/11/2012 |
New Board Member Mr S.L. Goldenberg
appointed |
|
09/11/2012 |
New Board Member Mr D.L. Averill appointed |
|
05/11/2012 |
New Accounts Filed |
|
05/11/2012 |
New Accounts Filed |
|
02/11/2012 |
Mr A. Appel has left the board |
|
02/11/2012 |
Mr J. Naylor has left the board |
|
02/11/2012 |
New Board Member Mr D.L. Averill appointed |
|
01/09/2012 |
Annual Returns |
Previous Company Names
|
Date |
Previous Name |
|
12/03/2008 |
TK MAXX |
Writ Details
|
No writs found |
Statistics
|
Group |
12 companies |
|
Linkages |
1 companies |
|
Countries |
In 1 countries |
Summary
|
Holding Company |
TJX EUROPE LIMITED |
|
Ownership Status |
Intermediately Owned |
|
Ultimate Holding Company |
TJX COMPANIES INC (THE) |
Group StructureFull
|
Company Name |
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
|
N/A |
- |
- |
|
|
|
N/A |
- |
- |
|
|
|
03094829 |
01.02.2014 |
N |
|
|
|
07850236 |
01.02.2014 |
N |
|
|
|
08625019 |
01.02.2014 |
N |
£20,000 |
|
|
03094828 |
01.02.2014 |
N |
£1,995,000,000 |
|
|
06846443 |
01.02.2014 |
N |
£1,197,000 |
|
|
07496828 |
01.02.2014 |
N |
£3,683,000 |
|
|
07503662 |
01.02.2014 |
N |
£205,237,000 |
|
|
03026299 |
01.02.2014 |
N |
£78,445,000 |
|
|
IE316341 |
01.02.2014 |
N |
€144,593,000 |
|
|
02774693 |
01.02.2014 |
N |
£71,709,000 |
Other Linked Companies
|
Name |
Number |
Latest Key Financials |
Turnover |
|
TJX NEDERLAND B.V. |
62425102 |
- |
Mortgage Details
|
Mortgage Type: |
SECURITY OVER CASH AGREEMENT |
||
|
Date Charge Created: |
02/08/10 |
||
|
Date Charge Registered: |
04/08/10 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
DEUTSCHE BANK AG, LONDON BRANCH |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
ACCOUNT NAME: TJX UKACCOUNT NO. 0194100 SEE
IMAGE FOR FULL DETAILS |
||
Previous Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
Alexander Wilfred Smith |
0 |
14 |
|
Donald Graham Campbell |
0 |
4 |
|
Jay Howard Meltzer |
0 |
4 |
|
William Patrick Tuffy |
4 |
11 |
|
Richard Lesser |
0 |
4 |
|
Bernard Cammarata |
0 |
4 |
|
Edmond Joseph English |
0 |
4 |
|
Paul David Sweetenham |
0 |
7 |
|
Arnold Barron |
0 |
4 |
|
Jeffrey Naylor |
0 |
6 |
|
Bernard Cammarata |
0 |
4 |
|
Alfred Appel |
0 |
6 |
|
Joseph Paul Wilmot |
1 |
7 |
|
Average Invoice Value |
£6518.75 |
|
|
Invoices available |
10504 |
|
|
Paid |
10074 |
|
|
Outstanding |
430 |
|
|
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 |
6695 |
2434 |
548 |
211 |
186 |
|
Outstanding |
201 |
41 |
56 |
39 |
93 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.39 |
|
|
1 |
Rs.91.06 |
|
Euro |
1 |
Rs.66.16 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ANK |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.