MIRA INFORM REPORT

Report No. :	340730
Report Date :	09.09.2015

IDENTIFICATION DETAILS

Name :	BRANTANO (UK) LIMITED

Formerly Known As :	BROOMCO (1417) LIMITED

Registered Office :	Interlink Way West Interlink Business Park Bardon Coalville Le67 1ld

Country :	United Kingdom

Financials (as on) :	31.12.2013

Date of Incorporation :	28.11.1997

Com. Reg. No.:	03472784

Legal Form :	Private limited with Share Capital

Line of Business :	Retailing of footwear. Retail sale of footwear in specialised stores

No. of Employees :	836

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate

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 – 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 and address

BRANTANO (UK) LIMITED

Company No:

03472784

Registered Address:

INTERLINK WAY WESTINTERLINK BUSINESS PARK BARDONCOALVILLELE67 1LD

Company summary

Registered Address

INTERLINK WAY WEST
INTERLINK BUSINESS PARK BARDON
COALVILLE
LE67 1LD

Trading Address

Interlink Way West
Bardon Business Park
Bardon Hill
Coalville, Leicestershire
LE67 1LD

Website Address

http://www.brantano.co.uk

Telephone Number

01530516100

Fax Number

TPS

FPS

Incorporation Date

28/11/1997

Previous Name

BROOMCO (1417) LIMITED

Type

Private limited with Share Capital

FTSE Index

Date of Change

07/01/1998

Filing Date of Accounts

25/09/2014

Currency

GBP

Share Capital

£13,500,000

SIC07

47721

Charity Number

SIC07 Description

RETAIL SALE OF FOOTWEAR IN SPECIALISED STORES

Principal Activity

Retailing of footwear.

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder	Funds Employees
31/12/2013	£94,739,000	-£5,830,000	-£2,958,000	836
31/12/2012	£98,839,000	-£7,607,000	£2,695,000	790
31/12/2011	£97,009,000	-£3,709,000	£10,659,000	803

Mortgage Summary

Total Mortgage 2

Outstanding 1

Satisfied 1

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 negative return on assets.
This company has made late payments on a medium percentage of invoices.
This company's ratio of total liabilities to total assets indicates that assets are funded through debt rather than equity.
This company trades in an industry with a higher level of corporate failures.

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	0
Total Previous Directors / Company Secretaries	17

Current Directors

Name	David Robert Short	Date of Birth	04/03/1963
Officers Title	Mr	Nationality	British
Present Appointments	15	Function	Director
Appointment Date	27/08/2008
Address	Interlink Way West, Interlink Business Park Bardon, Coalville, Leicestershire, LE67 1LD

Name	Terry Michael Boot	Date of Birth	20/08/1964
Officers Title	Mr	Nationality	British
Present Appointments	10	Function	Director
Appointment Date	09/08/2000
Address	Interlink Way West, Interlink Business Park Bardon, Coalville, Leicestershire, LE67 1LD

Name	Simon Edward Cook	Date of Birth	22/11/1967
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	23/02/2005
Address	Interlink Way West, Interlink Business Park Bardon, Coalville, Leicestershire, LE67 1LD

Name	Karen Margaret Staton	Date of Birth	13/12/1960
Officers Title	Ms	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	27/08/2008
Address	Interlink Way West, Interlink Business Park Bardon, Coalville, Leicestershire, LE67 1LD

Current Company Secretary

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
BRANTANO NV	GBP	9,500,000	ORDINARY	1	70.37
MUYS NV	GBP	4,000,000	ORDINARY	1	29.63

Profit & Loss

Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
Turnover	£94,739,000	-4.1%	£98,839,000	1.9%	£97,009,000	-7.9%	£105,355,000	-2%	£107,470,000
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	£41,299,000	-4.9%	£43,442,000	3.4%	£42,000,000	-5.9%	£44,648,000	-12.9%	£51,281,000
Gross Profit	£53,440,000	-3.5%	£55,397,000	0.7%	£55,009,000	-9.4%	£60,707,000	8%	£56,189,000
Wages & Salaries	£16,424,000	-0.1%	£16,444,000	1.1%	£16,270,000	-3.9%	£16,939,000	2.2%	£16,576,000
Directors Emoluments	£572,000	-3.7%	£594,000	-17.3%	£718,000	2.3%	£702,000	7.3%	£654,000
Operating Profit	-£4,924,000	28.3%	-£6,869,000	-128.5%	-£3,006,000	-305.9%	£1,460,000	134%	-£4,294,000
Depreciation	£2,624,000	-5.9%	£2,788,000	-11%	£3,134,000	2.8%	£3,049,000	-7.7%	£3,305,000
Audit Fees	£49,000	-19.7%	£61,000	3.4%	£59,000	18%	£50,000	-	£50,000
Interest Payments	£912,000	21.8%	£749,000	4.9%	£714,000	29.3%	£552,000	55.9%	£354,000
Pre Tax Profit	-£5,830,000	23.4%	-£7,607,000	-105.1%	-£3,709,000	-503.2%	£920,000	119.8%	-£4,639,000
Taxation	-£48,000	90.2%	-£491,000	-183.8%	£586,000	999.9%	-£25,000	-	-
Profit After Tax	-£5,878,000	27.4%	-£8,098,000	-159.3%	-£3,123,000	-448.9%	£895,000	119.3%	-£4,639,000
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-£5,878,000	27.4%	-£8,098,000	-159.3%	-£3,123,000	-448.9%	£895,000	119.3%	-£4,639,000

Balance Sheet

Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
Tangible Assets	£9,822,000	-3.8%	£10,212,000	-14.5%	£11,950,000	-3.9%	£12,434,000	-2.6%	£12,766,000
Intangible Assets	0	-	0	-	0	-	0	-	0
Total Fixed Assets	£9,822,000	-3.8%	£10,212,000	-14.5%	£11,950,000	-3.9%	£12,434,000	-2.6%	£12,766,000
Stock	£22,197,000	4.8%	£21,188,000	-0.7%	£21,340,000	-8.3%	£23,259,000	16.9%	£19,903,000
Trade Debtors	£396,000	45.1%	£273,000	110%	£130,000	12.1%	£116,000	-69.8%	£384,000
Cash	£5,900,000	47.5%	£4,001,000	38.8%	£2,882,000	11.7%	£2,580,000	19.3%	£2,162,000
Other Debtors	£7,454,000	-21.6%	£9,508,000	14%	£8,342,000	10.1%	£7,577,000	-5.6%	£8,028,000
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	£35,947,000	2.8%	£34,970,000	7%	£32,694,000	-2.5%	£33,532,000	10%	£30,477,000
Trade Creditors	£9,030,000	20.4%	£7,503,000	20.2%	£6,243,000	-6.4%	£6,671,000	15.7%	£5,764,000
Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
Other Short Term Finance	£23,387,000	44.3%	£16,204,000	12.7%	£14,381,000	33.3%	£10,790,000	7%	£10,086,000
Miscellaneous Current Liabilities	£3,886,000	-20%	£4,859,000	41.7%	£3,430,000	-44.5%	£6,182,000	57.4%	£3,928,000
Total Current Liabilities	£36,303,000	27.1%	£28,566,000	18.8%	£24,054,000	1.7%	£23,643,000	19.5%	£19,778,000
Bank Loans & Overdrafts and LTL	£12,424,000	-10.8%	£13,921,000	40.2%	£9,931,000	31.7%	£7,542,000	-19.7%	£9,393,000
Other Long Term Finance	£3,000	-75%	£12,000	-	0	-	0	-	0
Total Long Term Liabilities	£12,424,000	-10.8%	£13,921,000	40.2%	£9,931,000	31.7%	£7,542,000	-19.7%	£9,393,000

Capital & Reserves

Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
Called Up Share Capital	£13,500,000	-	£13,500,000	-	£13,500,000	-	£13,500,000	-	£13,500,000
P & L Account Reserve	-£16,458,000	-52.3%	-£10,805,000	-280.3%	-£2,841,000	-321.8%	£1,281,000	124%	£572,000
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	-£2,958,000	-209.8%	£2,695,000	-74.7%	£10,659,000	-27.9%	£14,781,000	5%	£14,072,000

Other Financial Items

Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
Net Worth	-£2,958,000	-209.8%	£2,695,000	-74.7%	£10,659,000	-27.9%	£14,781,000	5%	£14,072,000
Working Capital	-£356,000	-105.6%	£6,404,000	-25.9%	£8,640,000	-12.6%	£9,889,000	-7.6%	£10,699,000
Total Assets	£45,769,000	1.3%	£45,182,000	1.2%	£44,644,000	-2.9%	£45,966,000	6.3%	£43,243,000
Total Liabilities	£48,727,000	14.7%	£42,487,000	25%	£33,985,000	9%	£31,185,000	6.9%	£29,171,000
Net Assets	-£2,958,000	-209.8%	£2,695,000	-74.7%	£10,659,000	-27.9%	£14,781,000	5%	£14,072,000

Cash Flow

Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
Capital Employed	£9,466,000	-43%	£16,616,000	-19.3%	£20,590,000	-7.8%	£22,323,000	-4.9%	£23,465,000
Number of Employees	836	5.8%	790	-1.6%	803	-1.5%	815	-3.1%	841
Accountants
Auditors	ERNST & YOUNG LLP
Auditor Comments	The audit report contains no adverse comments
Bankers
Bank Branch Code

Ratios

Date Of Accounts	31/12/13	31/12/12	31/12/11	31/12/10	31/12/09
Pre-tax profit margin %	-6.15	-7.70	-3.82	0.87	-4.32
Current ratio	0.99	1.22	1.36	1.42	1.54
Sales/Net Working Capital	-266.12	15.43	11.23	10.65	10.04
Gearing %	-420	516.50	93.20	51	66.70
Equity in %	-6.50	6	23.90	32.20	32.50
Creditor Days	34.69	27.63	23.42	23.04	19.52
Debtor Days	1.52	1	0.48	0.40	1.30
Liquidity/Acid Test	0.37	0.48	0.47	0.43	0.53
Return On Capital Employed %	-61.58	-45.78	-18.01	4.12	-19.76
Return On Total Assets Employed %	-12.73	-16.83	-8.30	2	-10.72
Current Debt Ratio	-12.27	10.59	2.25	1.59	1.40
Total Debt Ratio	-16.47	15.76	3.18	2.10	2.07
Stock Turnover Ratio %	23.42	21.43	21.99	22.07	18.51
Return on Net Assets Employed %	197.09	-282.26	-34.79	6.22	-32.96

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
19/12/2014	Annual Returns
04/10/2014	New Accounts Filed
11/07/2014	Mr T.L. Strijbos has left the board
18/06/2014	Mr P.T. Hunen has left the board
18/06/2014	Mr F.K. De Moor has left the board
18/06/2014	Mr E.M. Coorens has left the board
06/12/2013	Annual Returns
16/09/2013	New Accounts Filed
16/09/2013	New Accounts Filed
08/12/2012	Annual Returns
04/10/2012	New Accounts Filed
04/10/2012	New Accounts Filed
02/12/2011	Annual Returns
13/06/2011	New Accounts Filed
13/06/2011	New Accounts Filed

Previous Company Names

Date	Previous Name
07/01/1998	BROOMCO (1417) LIMITED

Writ Details

No writs found

Statistics

Group	13 companies
Linkages	48 companies
Countries	In 5 countries

Summary

Holding Company	-
Ownership Status	Intermediately Owned
Ultimate Holding Company	MACINTOSH RETAIL GROUP N.V.

Group StructureFull

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
$Description: \\vivek\123 Foreign Report Raw\BRANTANO (UK) LIMITED_files\tminus.gif$ MACINTOSH RETAIL GROUP N.V.	14628300	31.12.2014	Y	€870,645,000
$Description: \\vivek\123 Foreign Report Raw\BRANTANO (UK) LIMITED_files\tminus.gif$ BRANTANO NV	432980383	31.12.2014	N	€136,533,230
$Description: \\vivek\123 Foreign Report Raw\BRANTANO (UK) LIMITED_files\tminus.gif$ BRANTANO (UK) LIMITED	03472784	31.12.2013	N	£94,739,000
$Description: \\vivek\123 Foreign Report Raw\BRANTANO (UK) LIMITED_files\T.gif$ BRANTANO UK PENSIO...	03514379	28.02.2014	N
$Description: \\vivek\123 Foreign Report Raw\BRANTANO (UK) LIMITED_files\L.gif$ SHOE CITY LIMITED	03153387	31.12.2013	N
$Description: \\vivek\123 Foreign Report Raw\BRANTANO (UK) LIMITED_files\tminus.gif$ RUBY BELGIUM NV	N/A	-	-
$Description: \\vivek\123 Foreign Report Raw\BRANTANO (UK) LIMITED_files\tminus.gif$ RUBY JONES LIMITED	07470655	31.12.2013	N
$Description: \\vivek\123 Foreign Report Raw\BRANTANO (UK) LIMITED_files\tminus.gif$ MONSTA GROUP LIMITED	05363970	31.12.2013	N
$Description: \\vivek\123 Foreign Report Raw\BRANTANO (UK) LIMITED_files\tminus.gif$ MONSTA HOLDINGS L...	04094896	31.12.2013	N
$Description: \\vivek\123 Foreign Report Raw\BRANTANO (UK) LIMITED_files\T.gif$ A. JONES & SONS...	00288766	31.12.2013	N	£78,333,000
$Description: \\vivek\123 Foreign Report Raw\BRANTANO (UK) LIMITED_files\tminus.gif$ GORDON SCOTT LI...	00788228	31.12.2013	N	£4,919,346
$Description: \\vivek\123 Foreign Report Raw\BRANTANO (UK) LIMITED_files\T.gif$ GORDON SCOTT...	00788227	31.12.2013	N
$Description: \\vivek\123 Foreign Report Raw\BRANTANO (UK) LIMITED_files\L.gif$ GORDON SCOTT...	00933391	31.12.2013	N

Mortgage Details

Mortgage Type:
Date Charge Created:	14/11/14
Date Charge Registered:	25/11/14
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	ING BANK N.V. (THE "SECURITY AGENT") AS TRUSTEE FOR EACH OF THE SECURED PARTIES;
Amount Secured:
Details:	CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.
Mortgage Type:	LEGAL CHARGE
Date Charge Created:	12/12/01
Date Charge Registered:	15/12/01
Date Charge Satisfied:	05/02/11
Status:	SATISFIED
Person(s) Entitled:	FORTIS BANK SA/NV
Amount Secured:
Details:	FREEHOLD LAND BEING PART OF INTERLINK PARK BARDON HILL LEICESTERSHIRE

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Jan Emiel Maria Christiaan De Nys	0	3
Christine Yvonne Gabriel Cornelisa Vermeersch	0	2
Kurt Bert Maria Herman Moons	0	3
Leon Seynave	0	2
Luc Geuten	0	2
Joris Gerard Brantegem	0	3
Christine Yvonne Gabriel Cornelia Vermeersch	0	3
Robert Lowden	0	4
John Hood	0	6
Thomas Stuart Pringle Clark	0	1
Eric Maria Hendrikus Coorens	0	3
Theodorus Leonardus Strijbos	0	2
Frank Karel De Moor	0	2
Peter Therese Antoon Hunen	0	2
DLA NOMINEES LIMITED	294	1788
DLA SECRETARIAL SERVICES LIMITED	608	3544
DLA SECRETARIAL SERVICES LIMITED	608	3544

Average Invoice Value	Ł2595.67
Invoices available	1155
Paid	1136
Outstanding	19

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	355	572	136	66	7
Outstanding	10	1	2	2	4

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.39
UK Pound	1	Rs.102.59
Euro	1	Rs.74.90

INFORMATION DETAILS

Analysis Done by :	RAS

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%)

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	Turnover
BRANT TM B.V.	27239736	31.12.2008
KWANTUM BELGIE B.V.	14061777	31.12.2006
GP DECORS B.V.	14634254	31.12.2014
SUPERCONFEX B.V.	14018198	31.12.2014
ALFA RETAIL B.V.	14061776	31.12.2009
MCFLA B.V.	14633720	31.12.2014
MRGQ B.V.	14080939	31.12.2006	€1,399,060
MRG RETAIL B.V.	14088626	31.12.2009
GPD RETAIL B.V.	53934016	31.12.2014
GEPEDE RETAIL B.V.	53934180	31.12.2014
DECO HOLDING B.V.	08069420	31.12.2013
SCAPINO B.V.	04022781	-
NEA INTERNATIONAL B.V.	14624669	-
MACINTOSH INTERNATIONAL B.V.	14629843	-
DECO HOLDING B.V.	14634065	-
MANFIELD B.V.	16019389	-
IZET B.V.	16035015	-
DOLCIS B.V.	16035016	-
PRO SPORT B.V.	16050514	-
INVITO B.V.	16057975	-