MIRA INFORM REPORT

Report No. :	339517
Report Date :	05.09.2015

IDENTIFICATION DETAILS

Name :	DEBENHAMS RETAIL PLC

Formerly Known As :	DEBENHAMS RETAIL LIMITED

Registered Office :	10 Brock Street Regent's Place London NW1 3FG

Country :	United Kingdom

Financials (as on) :	30.08.2014

Date of Incorporation :	28.01.1905

Com. Reg. No.:	00083395

Legal Form :	Public limited with Share Capital

Line of Business :	Subject is engaged in sale of fashion clothing and accessories, cosmetics and products for use in the home

No. of Employee :	24982

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Good

Payment Behaviour :	Regular

Litigation :	Clear

NOTES :

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

ECGC Country Risk Classification List – March 31, 2015

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

United Kingdom

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. 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 has been a net importer of energy since 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.

In 2008, 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. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which aimed to lower London's budget deficit from about 11% of GDP in 2010 to nearly 1% by 2015. 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 20% by 2015. However, the deficit still remains one of the highest in the G7, standing at 6.0% in 2014.

In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.7% and in 2014, 2.6%, accelerating unexpectedly because of greater consumer spending and a recovering housing market.

The Bank of England (BoE) implemented an asset purchase program of �375 billion (approximately $586 billion) as of December 2014. 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).

Source : CIA

Company Name

DEBENHAMS RETAIL PLC

Company No

00083395

Registered Address

10 BROCK STREET REGENT'S PLACE LONDON NW1 3FG

Company Summary

Registered Address

10 BROCK STREET
REGENT'S PLACE
LONDON
NW1 3FG

Trading Address

10 Brock Street
Regent's Place
London
NW1 3FG
NW1 3FG

Website Address http://www.debenhams.com

Telephone Number 02074084444

Fax Number

TPS No

FPS No

Incorporation Date 28/01/1905

Previous Name DEBENHAMS RETAIL LIMITED

Type Public limited with Share Capital

FTSE Index -

Date of Change 28/06/2005

Filing Date of Accounts 11/12/2014

Currency GBP

Share Capital £44,624,538

SIC07 70100

Charity Number -

SIC07 Description ACTIVITIES OF HEAD OFFICES

Principal Activity Sale of fashion clothing and accessories, cosmetics and products for use in the home.

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

30/08/2014 £2,085,900,000 £165,000,000 £1,025,800,000 24982

31/08/2013 £2,075,600,000 £228,100,000 £907,000,000 26835

01/09/2012 £2,020,200,000 £191,800,000 £708,400,000 26936

Mortgage Summary

Total Mortgage 19

Outstanding 0

Satisfied 19

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 2

Total Value of Documented Trade £113,057

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.
This company trades in an industry with a moderate level of corporate failures.

CCJ

Total Number of Exact CCJs -	6	Total Value of Exact CCJs -	£17,430
Total Number of Possible CCJs -	1	Total Value of Possible CCJs -	£208
Total Number of Satisfied CCJs -	0	Total Value of Satisfied CCJs -
Total Number of Writs -	-

Total Current Directors	3
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	25

Current Directors

Name	Michael John Todkill Sharp	Date of Birth	22/03/1957
Officers Title	Mr	Nationality	British
Present Appointments	27	Function	Director
Appointment Date	31/03/2010
Address	10 Brock Street, Regent's Place, London, NW1 3FG
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Suzanne Harlow	Date of Birth	19/07/1966
Officers Title	Ms	Nationality	British
Present Appointments	14	Function	Director
Appointment Date	02/01/2014
Address	10 Brock Street, Regent's Place, London, NW1 3FG
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Matthew George Smith	Date of Birth	25/09/1971
Officers Title	Mr	Nationality	British
Present Appointments	12	Function	Director
Appointment Date	26/01/2015
Address	10 Brock Street, Regent's Place, London, NW1 3FG
Disqualified		Disqualified End Date
Disqualification Exception	No

Current Company Secretary

Name	Paul Rex Eardley	Date of Birth	13/09/1960
Officers Title	Mr	Nationality	British
Present Appointments	25	Function	Company Secretary
Appointment Date	15/10/2007
Address	10 Brock Street, Regent's Place, London, NW1 3FG
Other Actions		View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
DEBENHAMS GROUP HOLDINGS LTD	GBP	178,498,151	ORDINARY	0.25	100
PAUL REX EARDLEY	GBP	1	ORDINARY	0.25	0

Profit & Loss

Date Of Accounts	30/08/14	(%)	31/08/13	(%)	01/09/12	(%)	03/09/11	(%)	28/08/10
Weeks	52	(%)	52	(%)	52	(%)	53	(%)	52
Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
Turnover	£2,085,900,000	0.5%	£2,075,600,000	2.7%	£2,020,200,000	-0.4%	£2,027,900,000	3.7%	£1,956,200,000
Export	£171,100,000	2.9%	£166,300,000	84.2%	£90,300,000	-	-	-	-
Cost of Sales	£1,820,200,000	2%	£1,784,400,000	2.7%	£1,738,000,000	0.7%	£1,726,100,000	4.3%	£1,654,400,000
Gross Profit	£265,700,000	-8.8%	£291,200,000	3.2%	£282,200,000	-6.5%	£301,800,000	-	£301,800,000
Wages & Salaries	£286,900,000	-2.1%	£293,000,000	-1.8%	£298,500,000	0.7%	£296,400,000	-0.8%	£298,700,000
Directors Emoluments	-	-	-	-	-	-	-	-	-
Operating Profit	£134,000,000	-16.8%	£161,100,000	-3%	£166,100,000	-17.1%	£200,300,000	-7.3%	£216,100,000
Depreciation	£80,900,000	6.7%	£75,800,000	8.3%	£70,000,000	0.9%	£69,400,000	-5.7%	£73,600,000
Audit Fees	£300,000	50%	£200,000	100%	£100,000	-	£100,000	-66.7%	£300,000
Interest Payments	£16,200,000	7.3%	£15,100,000	0.7%	£15,000,000	72.4%	£8,700,000	-5.4%	£9,200,000
Pre Tax Profit	£165,000,000	-27.7%	£228,100,000	18.9%	£191,800,000	-10.4%	£214,000,000	-6.8%	£229,700,000
Taxation	-£35,000,000	7.2%	-£37,700,000	25.5%	-£50,600,000	-5%	-£48,200,000	21%	-£61,000,000
Profit After Tax	£130,000,000	-31.7%	£190,400,000	34.8%	£141,200,000	-14.8%	£165,800,000	-1.7%	£168,700,000
Dividends Payable	-	-	-	-100%	£130,000,000	-13.3%	£150,000,000	25%	£120,000,000
Retained Profit	£130,000,000	-31.7%	£190,400,000	999.9%	£11,200,000	-29.1%	£15,800,000	-67.6%	£48,700,000

Balance Sheet

Date Of Accounts	30/08/14	(%)	31/08/13	(%)	01/09/12	(%)	03/09/11	(%)	28/08/10
Tangible Assets	£630,800,000	4.2%	£605,100,000	7.6%	£562,100,000	9.7%	£512,200,000	4.9%	£488,100,000
Intangible Assets	£9,900,000	-11.6%	£11,200,000	-10.4%	£12,500,000	-9.4%	£13,800,000	-8.6%	£15,100,000
Total Fixed Assets	£640,700,000	4%	£616,300,000	7.3%	£574,600,000	9.2%	£526,000,000	4.5%	£503,200,000
Stock	£308,800,000	-2.9%	£317,900,000	5.9%	£300,200,000	3.2%	£290,900,000	7.9%	£269,700,000
Trade Debtors	£22,500,000	29.3%	£17,400,000	-6.5%	£18,600,000	-6.5%	£19,900,000	13.1%	£17,600,000
Cash	£55,000,000	65.7%	£33,200,000	-17.4%	£40,200,000	82.7%	£22,000,000	-58.9%	£53,500,000
Other Debtors	£1,254,700,000	13%	£1,110,200,000	4.3%	£1,064,700,000	14.6%	£928,900,000	31.1%	£708,500,000
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	£1,641,000,000	11%	£1,478,700,000	3.9%	£1,423,700,000	12.8%	£1,261,700,000	20.2%	£1,049,300,000
Trade Creditors	£290,500,000	-6.8%	£311,800,000	6.8%	£292,000,000	10.7%	£263,700,000	-6.6%	£282,200,000
Bank Loans & Overdrafts	0	-100%	£9,700,000	38.6%	£7,000,000	11.1%	£6,300,000	-	0
Other Short Term Finance	£749,500,000	18.5%	£632,300,000	-11.9%	£717,800,000	33.5%	£537,800,000	65.2%	£325,500,000
Miscellaneous Current Liabilities	£177,000,000	-4.7%	£185,700,000	-7.7%	£201,100,000	2.3%	£196,600,000	19.6%	£164,400,000
Total Current Liabilities	£1,217,000,000	6.8%	£1,139,500,000	-6.4%	£1,217,900,000	21.3%	£1,004,400,000	30.1%	£772,100,000
Bank Loans & Overdrafts and LTL	£38,900,000	-33.2%	£58,200,000	-26.3%	£79,000,000	145.3%	£32,200,000	-64.8%	£91,400,000
Other Long Term Finance	£3,200,000	10.3%	£2,900,000	-35.6%	£4,500,000	221.4%	£1,400,000	100%	£700,000
Total Long Term Liabilities	£38,900,000	-19.8%	£48,500,000	-32.6%	£72,000,000	178%	£25,900,000	-71.7%	£91,400,000

Capital & Reserves

Date Of Accounts	30/08/14	(%)	31/08/13	(%)	01/09/12	(%)	03/09/11	(%)	28/08/10
Called Up Share Capital	£44,600,000	-	£44,600,000	-	£44,600,000	-	£44,600,000	-	£44,600,000
P & L Account Reserve	£944,800,000	14.4%	£826,000,000	31.7%	£627,400,000	-7.2%	£676,400,000	11.3%	£608,000,000
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	£36,400,000	-	£36,400,000	-	£36,400,000	-	£36,400,000	-	£36,400,000
Shareholder Funds	£1,025,800,000	13.1%	£907,000,000	28%	£708,400,000	-6.5%	£757,400,000	9.9%	£689,000,000

Other Financial Items

Date Of Accounts	30/08/14	(%)	31/08/13	(%)	01/09/12	(%)	03/09/11	(%)	28/08/10
Net Worth	£1,015,900,000	13.4%	£895,800,000	28.7%	£695,900,000	-6.4%	£743,600,000	10.3%	£673,900,000
Working Capital	£424,000,000	25%	£339,200,000	64.8%	£205,800,000	-20%	£257,300,000	-7.2%	£277,200,000
Total Assets	£2,281,700,000	8.9%	£2,095,000,000	4.8%	£1,998,300,000	11.8%	£1,787,700,000	15.1%	£1,552,500,000
Total Liabilities	£1,255,900,000	5.7%	£1,188,000,000	-7.9%	£1,289,900,000	25.2%	£1,030,300,000	19.3%	£863,500,000
Net Assets	£1,025,800,000	13.1%	£907,000,000	28%	£708,400,000	-6.5%	£757,400,000	9.9%	£689,000,000

Cash Flow

Date Of Accounts	30/08/14	(%)	31/08/13	(%)	01/09/12	(%)	03/09/11	(%)	28/08/10
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	30/08/14	(%)	31/08/13	(%)	01/09/12	(%)	03/09/11	(%)	28/08/10
Contingent Liability	YES	-	YES	-	YES	-	NO	-	YES
Capital Employed	£1,064,700,000	11.4%	£955,500,000	22.4%	£780,400,000	-0.4%	£783,300,000	0.4%	£780,400,000
Number of Employees	24982	-6.9%	26835	-0.4%	26936	-2.2%	27543	1.3%	27195
Auditors	PRICEWATERHOUSECOOPERS LLP
Auditor Comments	The audit report contains no adverse comments
Bankers	LLOYDS TSB BANK PLC
Bank Branch Code

Ratios

Date Of Accounts	30/08/14	31/08/13	01/09/12	03/09/11	28/08/10
Pre-tax profit margin %	7.91	10.99	9.49	10.55	11.74
Current ratio	1.35	1.30	1.17	1.26	1.36
Sales/Net Working Capital	4.92	6.12	9.82	7.88	7.06
Gearing %	3.80	6.40	11.20	4.30	13.30
Equity in %	45.20	43.50	35.70	42.70	44.80
Creditor Days	50.69	54.68	52.61	48.24	52.51
Debtor Days	3.92	3.05	3.35	3.64	3.27
Liquidity/Acid Test	1.09	1.01	0.92	0.96	1
Return On Capital Employed %	15.49	23.87	24.57	27.32	29.43
Return On Total Assets Employed %	7.23	10.88	9.59	11.97	14.79
Current Debt Ratio	1.18	1.25	1.71	1.32	1.12
Total Debt Ratio	1.22	1.30	1.82	1.36	1.25
Stock Turnover Ratio %	14.80	15.31	14.85	14.34	13.78
Return on Net Assets Employed %	16.08	25.14	27.07	28.25	33.33

Event History

Date	Description
29/01/2015	New Board Member Mr M. Smith appointed
23/12/2014	New Accounts Filed
23/12/2014	New Accounts Filed
11/07/2014	Annual Returns
12/03/2014	New Accounts Filed
12/03/2014	New Accounts Filed
06/01/2014	Mr S.E. Herrick has left the board
06/01/2014	New Board Member Ms S. Harlow appointed
07/08/2013	Change of Company Postcode
11/07/2013	Change in Reg.Office
11/07/2013	Change of Company Postcode
10/07/2013	Annual Returns
15/01/2013	New Accounts Filed
15/01/2013	New Accounts Filed
10/07/2012	Annual Returns

Previous Company Names

Date	Previous Name
28/06/2005	DEBENHAMS RETAIL LIMITED
27/06/2005	DEBENHAMS RETAIL PLC
26/03/2004	DEBENHAMS RETAIL LIMITED
25/03/2004	DEBENHAMS RETAIL PLC
04/03/2004	DEBENHAMS RETAIL LIMITED
03/03/2004	DEBENHAMS RETAIL PLC
04/12/1997	DEBENHAMS PLC

Statistics

Group	19 companies
Linkages	5 companies
Countries	In 1 countries

Summary

Holding Company	DEBENHAMS GROUP HOLDINGS LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	DEBENHAMS PLC

Group Structure

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
$Description: Description: \\shraddha\Online Foreign Reports\DEBENHAMS RETAIL PLC_files\tminus.gif$ DEBENHAMS PLC	05448421	30.08.2014	Y	£2,312,700,000
$Description: Description: \\shraddha\Online Foreign Reports\DEBENHAMS RETAIL PLC_files\tminus.gif$ DEBENHAMS GROUP HOLDIN...	03430071	30.08.2014	N
$Description: Description: \\shraddha\Online Foreign Reports\DEBENHAMS RETAIL PLC_files\T.gif$ DEBENHAMS PROPERTIES...	00344823	30.08.2014	N	£104,048,000
$Description: Description: \\shraddha\Online Foreign Reports\DEBENHAMS RETAIL PLC_files\tminus.gif$ DEBENHAMS RETAIL PLC	00083395	30.08.2014	N	£2,085,900,000
$Description: Description: \\shraddha\Online Foreign Reports\DEBENHAMS RETAIL PLC_files\T.gif$ DEBENHAMS PENSION...	01304701	31.08.2014	N
$Description: Description: \\shraddha\Online Foreign Reports\DEBENHAMS RETAIL PLC_files\T.gif$ DEBENHAMS (NO.2) P...	01306297	31.08.2014	N
$Description: Description: \\shraddha\Online Foreign Reports\DEBENHAMS RETAIL PLC_files\T.gif$ DEBENHAMS.COM LTD	03958412	30.08.2014	N
$Description: Description: \\shraddha\Online Foreign Reports\DEBENHAMS RETAIL PLC_files\T.gif$ DEBENHAMS PRINCIPL...	06860458	30.08.2014	N
$Description: Description: \\shraddha\Online Foreign Reports\DEBENHAMS RETAIL PLC_files\T.gif$ DEBENHAMS CARD HAN...	04017621	30.08.2014	N
$Description: Description: \\shraddha\Online Foreign Reports\DEBENHAMS RETAIL PLC_files\T.gif$ DEBENHAMS DIRECT L...	03665770	30.08.2014	N
$Description: Description: \\shraddha\Online Foreign Reports\DEBENHAMS RETAIL PLC_files\tminus.gif$ DEBENHAMS RETAIL H...	IE265067	30.08.2014	N
$Description: Description: \\shraddha\Online Foreign Reports\DEBENHAMS RETAIL PLC_files\L.gif$ DEBENHAMS RETAIL...	IE239481	30.08.2014	N	€163,588,000
$Description: Description: \\shraddha\Online Foreign Reports\DEBENHAMS RETAIL PLC_files\T.gif$ JERIMAIN INVESTMENTS L...	06837168	30.08.2014	N
$Description: Description: \\shraddha\Online Foreign Reports\DEBENHAMS RETAIL PLC_files\T.gif$ BARONESS GROUP HOLDING...	N/A	-	-
$Description: Description: \\shraddha\Online Foreign Reports\DEBENHAMS RETAIL PLC_files\tminus.gif$ BF III LIMITED	04891748	30.08.2014	N
$Description: Description: \\shraddha\Online Foreign Reports\DEBENHAMS RETAIL PLC_files\tminus.gif$ BF PROPERTIES (NO.2)...	05056439	30.08.2014	N
$Description: Description: \\shraddha\Online Foreign Reports\DEBENHAMS RETAIL PLC_files\L.gif$ BF PROPERTIES (NO....	05073227	30.08.2014	N
$Description: Description: \\shraddha\Online Foreign Reports\DEBENHAMS RETAIL PLC_files\tminus.gif$ DEBENHAMS FINANCE HOLD...	04755814	30.08.2014	N
$Description: Description: \\shraddha\Online Foreign Reports\DEBENHAMS RETAIL PLC_files\L.gif$ BARONESS RETAIL LIMITED	04843152	30.08.2014	N

Statistics

Group	19 companies
Linkages	5 companies
Countries	In 1 countries

Exact CCJ Details

Date	Court	Amount	Status	Case Number	Date Paid
23/07/2013	NORTHAMPTON CCMCC	£1,386	Judgment	3YL24566	-
07/05/2013	WHITEHAVEN	£900	Judgment	2YJ55395	-
21/06/2012	TORQUAY	£11,013	Judgment	1IQ61902	-
03/01/2012	NORTHAMPTON CCBC	£174	Judgment	1QZ38115	-
29/07/2011	CENTRAL LONDON	£1,621	Judgment	1CL85036	-
07/10/2009	PLYMOUTH	£2,336	Judgment	9PL03414	-

Possible CCJs Details

Date	Court	Amount	Status	Case Number	Date Paid	Registered CCJ Details
03/01/2014	NORTHAMPTON CCBC	£208	Judgment	3XC66804	-	DEBENHAMS, 3 CHARTER SQUARE, BURY ST EDMUNDS, SUFFOLK, IP33 3FD, IP33 3FD

Mortgage Details

Mortgage Type:	DEED OF ACCESSION AND CHARGE
Date Charge Created:	27/06/05
Date Charge Registered:	06/07/05
Date Charge Satisfied:	13/07/06
Status:	SATISFIED
Person(s) Entitled:	CREDIT SUISSE,LONDON BRANCH
Amount Secured:	ALL MONEYS DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE, AS OWED OR INCURRED BY EACH BENEFICIARY UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	LEGAL CHARGE
Date Charge Created:	22/04/04
Date Charge Registered:	06/05/04
Date Charge Satisfied:	17/05/05
Status:	SATISFIED
Person(s) Entitled:	BAYERISCHE LANDESBANK (ACTING THROUGH ITS LONDON BRANCH AS SECURITY AGENT FOR ITSELF AND THEOTH
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE BENEFICIAL OWNER (ROADSTREAM LIMITED) TO THE CHARGEE UNDERTHE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	L/H PREMISES AT MAGDALENE STREET, OXFORD T/N:ON225969. FIRST FIXED CHARGE ALL OF ITS RIGHTS AND BENEFIT UNDER ANY AGREEMENT RELATING TO THE ACQUISITION OF THE MORTGAGED PROPERTIES, ALL PLANT AND MACHINERY, ALL OF ITS BENEFITS, CLAIMS AND RETURNS OF PREMIUMS IN RESPECT OF THE INSURANCES, ITS BOOK ANDOTHER DEBTS, ALL OF ITS RIGHT, TITLE, AND INTEREST (IF ANY) UNDER THE INSURANCES

Mortgage Type:	DEED OF ACCESSION AND CHARGE
Date Charge Created:	19/12/03
Date Charge Registered:	22/12/03
Date Charge Satisfied:	17/07/04
Status:	SATISFIED
Person(s) Entitled:	CREDIT SUISSE FIRST BOSTON, LONDON BRANCH AS SECURITY AGENT
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE SECURITY AGENT FOR THE BENEFICIARIES UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	LEGAL CHARGE
Date Charge Created:	25/10/88
Date Charge Registered:	14/11/88
Date Charge Satisfied:	07/08/03
Status:	SATISFIED
Person(s) Entitled:	CREWFLEET LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
Details:	VARIOUS PROPERTIES IN CLEVELAND, SOMERSET WEST SUSSEX, BOURNEMOUTH AND/OR THE PROCEEDS OF SALE THEREOF (FOR FULL DETAILS SEE FORM 395)

Mortgage Type:	DEED OF ADMISSION
Date Charge Created:	23/07/86
Date Charge Registered:	05/08/86
Date Charge Satisfied:	14/11/97
Status:	SATISFIED
Person(s) Entitled:	LLOYDS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER SUPPLEMENTAL TO A LETTER OF SET-OFF DATED 1 APRIL1986
Details:	ANY SUMS OR SUMS FOR THE TIME BEING STANDING TO THE CREDIT OF ANY PRESENT OF FUTURE ACCOUNT WITH THEBANK
Mortgage Type:	OMNIBUS GUARANTEE AND SET OFF AGREEMENT
Date Charge Created:	01/04/86
Date Charge Registered:	11/04/86
Date Charge Satisfied:	13/08/97
Status:	SATISFIED
Person(s) Entitled:	LLOYDS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ANY SUM OR SUMS FOR THE TIME BEING STANDING TO THE CREDIT OF ANY PRESENT OF FUTURE ACCOUNT OF THE COMPANY WITH THE BANK

Mortgage Type:	REVERSIONARY LEASE
Date Charge Created:	21/10/75
Date Charge Registered:	31/10/75
Date Charge Satisfied:	13/08/97
Status:	SATISFIED
Person(s) Entitled:	ULSTER BANK PROVIDENT FUND INVESTMENTS LIMITED
Amount Secured:	COMPANY'S OBLIGATIONS TO THE CHARGEE
Details:	CERTAIN PRESENT AND FUTURE MACHINERY AND PLANT AT THE COMPANY\S PREMISES AT 24-32 HIGH STREET BROMLEY KENT AS MORE PARTICULARLY DEFINED IN THE LEASES.
Mortgage Type:	LEASE
Date Charge Created:	21/10/75
Date Charge Registered:	31/10/75
Date Charge Satisfied:	13/08/97
Status:	SATISFIED
Person(s) Entitled:	ULSTER BANK PROVIDENT FUND INVESTMENTS LIMITED
Amount Secured:	COMPANY'S OBLIGATIONS TO THE CHARGEE
Details:	CERTAIN PRESENT AND FUTURE MACHINERY AND PLANT AT THE COMPANY\S PREMISES AT 24-32 HIGH STREET BROMLEY KENT AS MORE PARTICULARLY DEFINED IN THE LEASES

Mortgage Type:	REVERSIONARY LEASE
Date Charge Created:	22/10/75
Date Charge Registered:	31/10/75
Date Charge Satisfied:	13/08/97
Status:	SATISFIED
Person(s) Entitled:	PENSMAN NOMINEES LIMITED
Amount Secured:	COMPANY'S OBLIGATIONS TO THE CHARGEE
Details:	CERTAIN PRESENT AND FUTURE MACHINERY AND PLANT AT THE COMPANY\S PREMISES AT 56-72 MARKET PLACE ROMFORD ESSEX AS MORE PARTICULAR DEFINED IN LEASES
Mortgage Type:	LEASE
Date Charge Created:	22/10/75
Date Charge Registered:	31/10/75
Date Charge Satisfied:	13/08/97
Status:	SATISFIED
Person(s) Entitled:	PENSMAN NOMINEES LIMITED
Amount Secured:	COMPANY'S OBLIGATIONS TO THE CHARGE
Details:	CERTAIN PRESENT AND FUTURE MACHINERY AND PLANT AT THE COMPANY\S PREMISES AT 56-72 MARKET PLACE ROMFORD ESSEX AS MORE PARTICULARLY DEFINED IN LEASES

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	15/10/70
Date Charge Registered:	26/10/70
Date Charge Satisfied:	13/08/97
Status:	SATISFIED
Person(s) Entitled:	LLOYDS BANK PLC
Amount Secured:	£2,000,000 SECURED BY TRUST DEED DATED 10/3/43 AND DEED SUPPLEMENTAL THERETO.
Details:	L/H PROPERTY PARTS OF NOS. 30 TO 40 (EVEN) MARYLEBONE LANE, NOS. 14, 14A,14B,14C AND PART 15 AND 15AHENRIETTA PLACE AND NOS 74 TO 77 (ALL) WELBECK ST. LONDON BOROUGH OF CITY OF WESTMINSTER.
Mortgage Type:
Date Charge Created:	-
Date Charge Registered:	12/05/66
Date Charge Satisfied:	23/08/97
Status:	SATISFIED
Person(s) Entitled:	EXCHANGE ASSURANCE
Amount Secured:
Details:

Mortgage Type:
Date Charge Created:	-
Date Charge Registered:	12/05/66
Date Charge Satisfied:	23/08/97
Status:	SATISFIED
Person(s) Entitled:	ROYAL EXCHANGE ASSURANCE ROYAL
Amount Secured:
Details:
Mortgage Type:
Date Charge Created:	-
Date Charge Registered:	07/08/64
Date Charge Satisfied:	23/08/97
Status:	SATISFIED
Person(s) Entitled:	EXCHANGE ASSURANCE
Amount Secured:
Details:

Mortgage Type:
Date Charge Created:	-
Date Charge Registered:	07/08/64
Date Charge Satisfied:	23/08/97
Status:	SATISFIED
Person(s) Entitled:	ROYAL EXCHANGE ASSURANCE ROYAL
Amount Secured:
Details:
Mortgage Type:
Date Charge Created:	-
Date Charge Registered:	14/07/59
Date Charge Satisfied:	23/08/97
Status:	SATISFIED
Person(s) Entitled:	ROYAL EXCHANGE ASSURANCE ROYAL
Amount Secured:
Details:

Mortgage Type:
Date Charge Created:	-
Date Charge Registered:	14/07/59
Date Charge Satisfied:	23/08/97
Status:	SATISFIED
Person(s) Entitled:	EXCHANGE ASSURANCE
Amount Secured:
Details:
Mortgage Type:	INSTRUMENT OF CHARGE SUPPLEMENTAL TO A TRUST DEED DATED 10 MAR 43
Date Charge Created:	13/07/56
Date Charge Registered:	19/07/56
Date Charge Satisfied:	13/08/97
Status:	SATISFIED
Person(s) Entitled:	LLOYDS BANK PLC
Amount Secured:	£2,000,000 DEBENTURE STOCK
Details:	F/H BEACON HOUSE (FORMERLY KNOWN AS THEQUEENS HOTEL) CLIFTON BRISTOL

Mortgage Type:	INSTRUMENT OF CHARGE SUPPLEMENTAL TO A TRUST DEED DATED 10 MAR 43
Date Charge Created:	13/07/56
Date Charge Registered:	19/07/56
Date Charge Satisfied:	13/08/97
Status:	SATISFIED
Person(s) Entitled:	LLOYDS BANK PLC
Amount Secured:	£2,000,000 DEBENTURE STOCK
Details:	VARIOUS L/H & F/H PROPERTIES IN LONDON FOR DETAILS SEE DOC 174
Mortgage Type:	CHARGE SUPPLEMENTAL TO A TRUST DEED DATED 10 MAR 1943
Date Charge Created:	08/02/49
Date Charge Registered:	11/02/49
Date Charge Satisfied:	13/08/97
Status:	SATISFIED
Person(s) Entitled:	LLOYDS BANK PLC
Amount Secured:	£2,000,000 DEBENTURE STOCK
Details:	L/H NO 3 WELBECK WAY ST MARYLEBONE LONDON

Mortgage Type:	CHARGE SUPPLEMENTAL TO A TRUST DEED DATED 10 MAR 43
Date Charge Created:	07/05/47
Date Charge Registered:	21/05/47
Date Charge Satisfied:	31/07/91
Status:	SATISFIED
Person(s) Entitled:	LLOYDS BANK PLC
Amount Secured:	£2,000,000 DEBENTURE STOCK
Details:	L/H 85 WIMPOLE STREET & 76 WIMPOLE ST. & 16 WELBECK WAY ST MARYLEBONE LONDON
Mortgage Type:	CHARGE SUPPLEMENTAL TO TRUST DEED DATED10 MAR 43
Date Charge Created:	21/07/43
Date Charge Registered:	30/07/43
Date Charge Satisfied:	13/08/97
Status:	SATISFIED
Person(s) Entitled:	LLOYDS BANK PLC
Amount Secured:	£2,000,000 DEBENTURE STOCK
Details:	VARIOUS L/H & F/H PROPERTIES OF THE COMPANY IN LONDON FOR DETAILS SEE DOC 123

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	2		£113,057
Company Name		Amount		Statement Date
Lloyd James Ltd		£90,384		13/02/2015
Water Choice Ltd		£22,673		10/07/2012

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
David Wilson	15	76
John Ormond Davies	0	9
John Hodges	54	180
James William Murphy	2	12
Terence Anthony Green	1	6
Peter Thomas Kaursland	0	6
Guy Antony Johnson	11	72
Guy Antony Johnson	11	72
Christopher Kevin Woodhouse	25	165
Edward Matthew Giles Roberts	0	8
Jane Heather Ruth Guillaume	0	7
Peter Martyn Betts	1	3
Paul Beverley Loft	4	15
Andrew Thomas Higginson	16	184
Ian Peter Jackman	34	158
Ian Peter Jackman	34	158
John David Lovering	18	120
Philip Oliver Wrigley	16	26
Nigel Brian Palmer	0	4
Belinda Jane Earl	0	3
Robert William Templeman	3	60
Richard Conway North	1	29
Hugh Rowland Bradley	2	2
John Lee Hoerner	4	14
Simon Edward Herrick	15	53
Average Invoice Value	Ł1053.73
Invoices available	17574
Paid	11425
Outstanding	6149

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	4343	5884	791	187	220
Outstanding	1270	751	480	627	3021

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.40
UK Pound	1	Rs.101.19
Euro	1	Rs.73.89

INFORMATION DETAILS

Analysis Done by :	RAS

Report Prepared by :	ASH

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.

Name	Number	Latest Key Financials	Rating	Limit	Turnover
A.G. RETAIL HOLDINGS (IRELAND) LIMITED	IE244463	31.08.2014	95	€340,000	€2,734
ARCADIA GROUP MULTIPLES (IRELAND) LIMITED	IE238757	31.08.2014	95	€115,000	€26,757,654
MISS SELFRIDGE RETAIL (IRELAND) LIMITED	IE445103	31.08.2014	67	€500
WALLIS RETAIL (IRELAND) LIMITED	IE445104	31.08.2014	96	€100,000
TOP SHOP/TOP MAN (IRELAND) LIMITED	IE519049	31.08.2014	95	€49,000