Statutory Information
Previous Name(s):	None
Registered Office:	NIKON HOUSE,	Date of Incorporation:	17/09/1979
	380 RICHMOND ROAD,	Latest Annual Return:	31/07/2001
	KINGSTON UPON THAMES,	Date Accounts Lodged:	23/04/2002
	SURREY,	Latest Filed Accounts Date:	31/03/2002
	KT2 5PR	Date of Analysed Accounts:	31/03/2002
		Accounts Reference Date:	31/03
		Issued Capital (£):	1,700,000
Company is:	Large
	Private Limited with share capital
	English/Welsh companies incorporated under part 1 of the Companies Act
Type of Accounts:	Full Accounts
Directory Information
Trading Address:	Nikon House,	Telephone Number:	020 85414440
	380 Richmond Road,	Fax Number:	-
	Kingston Upon Thames,
	Surrey,
	KT2 5PR
Region:	HOME COUNTIES AND OUTER LONDON
Bankers:	40-03-09 HSBC BANK PLC 799 FULHAM ROAD SW6
Auditors:	Arthur Andersen
Audit Qualification:	The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the accounts for the period ended 31/03/2002.
Principal Activities:	The import and distribution of Nikon imaging and instrument products and accessories.
UK SIC Code(s):	51479 Wholesale of other household goods not elsewhere classified
Risk Information
RISK SCORE
2002	81	Credit Limit (£):	1,100,000
2001	84	Contract Limit (£):	21,000,000
2000	87
1999	66
The ICC score has been designed to predict the likelihood of a company becoming insolvent within the year. The latest score is 81 and this indicates a risk level for the next year over five times less than the average rate of 2%. We would expect 7.28% of companies to be at and above this score. The credit limit is £ 1,100,000, which is a reflection of the score and the high financial strength of the company.
County Court Judgments:	There is 1 exact unsatisfied CCJ for £522.00.
Cumulative Total of Exact CCJs over: 3 Months None 6 Months None 9 Months None 12 Months None 24 Months None 24 Months+ 1 CCJ Total: £522.00   Further information may be available on this business from our off line report service.
Latest Ten Judgments:
On 06/10/1998, a Judgment of £522.00 was made in EPSOM court (Case No. EP802619) against NIKON UK LTD of NIKON HOUSE, 380 RICHMOND ROAD, KINGSTON UPON THAMES, KT2 5PR, Ref. No. 1310807806. (Exact)
Ownership
GROUP STRUCTURE
Holding Company:	NLD Nikon Holdings Europe BV Taken from the latest Annual Return, indicating a holding of over 50%.
Ultimate Holding Company:	JPN NIKON CORP Taken from the Latest Directors' Report and Accounts.
ALL IMMEDIATE SHAREHOLDINGS ON ICC DATABASE BY TURNOVER
Name Share Class % Held Sales('000) A/C Date Status NIPPON KOGAKU UK LIMITED ORDINARY 99 - - Non Trading
Principal Shareholders
		Date of Analysed Annual Return:	31/07/2001
SHARE CAPITAL STRUCTURE   Class of Shares Par Value (pence) Number of Shares Issued Capital (£) ORDINARY 100 1,700,000 1,700,000 Total Issued Capital 1,700,000   SHAREHOLDERS   Shareholder Name & Address Class of Shares Number of Shares Issued Capital (£) Shareholding Number IHC Nikon Holdings Europe BV ORDINARY 1,699,999 1,699,999 1 Schipholweg 321, 1171 Pl Badhoevedorp
Profit & Loss Account      Date of Accounts 31/03/2002 31/03/2001 31/03/2000 31/03/1999 31/03/1998    Consolidated No No No No No    Subsidiary Yes Yes Yes Yes Yes    No. of Weeks 52 52 52 52 52    Currency (£ '000) (£ '000) (£ '000) (£ '000) (£ '000)      Audit Qualification No No No No No   1  Turnover 61,198 52,827 39,592 29,021 27,104    Cost of Sales 47,014 42,916 31,152 21,110 18,766    Gross Profit 14,184 9,911 8,440 7,911 8,338 2  Operating Profit 2,136 783 410 92 785    Non Trading Income 78 59 91 165 169    Interest Payable 63 45 6 4 32    Pre-tax Profit 2,151 797 495 253 922    Taxation 526 327 229 149 329    Profit After Tax 1,625 470 266 104 593    Dividends Payable 390 0 0 170 0    Retained Profit 1,235 470 266 (66) 593      Value Added 5,824 4,170 3,624 3,020 3,444   Balance Sheet      Date of Accounts 31/03/2002 31/03/2001 31/03/2000 31/03/1999 31/03/1998    Consolidated No No No No No    Subsidiary Yes Yes Yes Yes Yes    No. of Weeks 52 52 52 52 52    Currency (£ '000) (£ '000) (£ '000) (£ '000) (£ '000)   3  Tangible Fixed Assets 651 652 509 540 423    Intangible Assets 0 0 0 0 0    Total Fixed Assets 651 652 509 540 423      Stocks 9,170 6,531 7,090 4,842 4,644    Trade Debtors 9,976 8,036 6,289 5,090 3,957    Cash 1,722 968 1,152 4,113 3,180 4  Miscellaneous Current Assets 735 751 430 850 853    Total Current Assets 21,603 16,286 14,961 14,895 12,634   5  Creditors: Amounts falling    due within one year 16,322 12,294 11,344 11,603 9,178      Total Assets less Current Liabilities 5,932 4,644 4,126 3,832 3,879   6  Total Long Term Liabilities 321 268 220 193 173      Total Liabilities 16,643 12,562 11,564 11,796 9,351   7  Share Capital & Reserves 1,700 1,700 1,700 1,700 1,700    P & L Account Reserve 3,911 2,676 2,206 1,939 2,006    Revaluation Reserve 0 0 0 0 0    Shareholders' Funds 5,611 4,376 3,906 3,639 3,706    Capital Employed 5,932 4,644 4,126 3,832 3,879      Net Worth 5,611 4,376 3,906 3,639 3,706    Working Capital 5,281 3,992 3,617 3,292 3,456      Contingent Liabilities 0 0 0 0 0   Cash Flow      Date of Accounts 31/03/2002 31/03/2001 31/03/2000 31/03/1999 31/03/1998    Consolidated No No No No No    Subsidiary Yes Yes Yes Yes Yes    No. of Weeks 52 52 52 52 52    Currency (£ '000) (£ '000) (£ '000) (£ '000) (£ '000)      Net Cashflow from Operating Activities - - - - 1,291    Net Cashflow from Return on Investment    and Servicing of Finance - - - - 132    Net Cashflow before Financing - - - - 306    Net Cashflow from Financing - - - - (1,027)    Increase in Cash - - - - (721)   Accounts Notes      Date of Accounts 31/03/2002 31/03/2001 31/03/2000 31/03/1999 31/03/1998    Consolidated No No No No No    Subsidiary Yes Yes Yes Yes Yes    No. of Weeks 52 52 52 52 52    Currency (£ '000) (£ '000) (£ '000) (£ '000) (£ '000)   1  Exports 2,588 3,143 2,154 1,180 3,205   2  Operating Profit is after    charging the following    Employees' Remuneration 3,006 2,710 2,599 2,392 2,222    Directors' Remuneration 117 108 95 90 90    Audit Fees 28 43 27 26 26    Non Audit Fees 16 21 26 22 52    Depreciation 369 395 345 287 206      Average Number of Employees (actual) 106 100 94 92 93   3  Tangible Assets consist of:    Fixed Assets 651 652 509 540 423    Intermediate Assets 0 0 0 0 0    which includes:    -Due from Group, Non Current 0 0 0 0 0   4  Miscellaneous Current Assets includes:    -Due from Group, Current 177 215 142 439 209 5  Creditors: Amounts falling due    within one year consists of:    Trade Creditors 1,638 0 404 155 281 a  Bank Overdraft 0 0 0 0 0    Miscellaneous Current Liabilities includes: 14,684 12,294 10,940 11,448 8,897 b  -Bank Loans - Current Portion 0 1,400 0 0 0 c  -Other Short Term Finance, including: 10,637 8,106 8,151 9,301 7,082      -Due to Group, Current 10,637 8,106 8,143 9,271 7,054      -Due to Directors, Current 0 0 0 0 0   -Other Current Liabilities 4,047 2,788 2,789 2,147 1,815      Short Term Loans (a+b+c) 10,637 9,506 8,151 9,301 7,082   6  Total Long Term Liabilities consists of:    Long Term Loans, which consists of: 0 0 0 8 38    -Long Term Bank Loans 0 0 0 0 0    -Other Long Term Finance, including: 0 0 0 8 38      -Due to Group, Non Current 0 0 0 0 0      -Due to Directors, Non Current 0 0 0 0 0    Other Long Term Liabilities 321 268 220 185 135   7  Share Capital and Reserves consists of:    Called Up Share Capital 1,700 1,700 1,700 1,700 1,700    Sundry Reserves 0 0 0 0 0   Interims   No Interim Accounts available.   Ratios   Date of Accounts 31/03/2002 31/03/2001 31/03/2000 31/03/1999 31/03/1998 Profit/Sales (%) 3.51 1.51 1.25 0.87 3.40 Profit/Capital Employed (%) 36.26 17.16 12.00 6.60 23.77 Profit/Total Assets (%) 9.67 4.71 3.20 1.64 7.06 Profit/Shareholders' Funds (%) 38.34 18.21 12.67 6.95 24.88 P & L Account Reserve/Total Assets (%) 17.57 15.80 14.26 12.56 15.36   Sales/Total Assets (%) 275.00 311.88 255.93 188.02 207.58 Sales/Fixed Assets 94.01 81.02 77.78 53.74 64.08 Sales/Total Fixed Assets (%) 9,400.61 8,102.30 7,778.39 5,374.26 6,407.57 Sales/Capital Employed 10.32 11.38 9.60 7.57 6.99 Working Capital/Sales (%) 8.63 7.56 9.14 11.34 12.75   Stock Turnover 6.67 8.09 5.58 5.99 5.84 Credit Period (days) 59.50 55.52 57.98 64.02 53.29 Creditor Days (days) 9.77 0.00 3.72 1.95 3.78 Debtors/Total Assets (%) 44.83 47.44 40.65 32.98 30.31 Net Cash/Current Liabilities (%) 10.55 7.87 10.16 35.45 34.65 Liquid Assets/Total Assets (%) 55.87 57.59 50.88 65.13 61.19   Current Ratio 1.32 1.32 1.32 1.28 1.38 Liquidity Ratio 0.76 0.79 0.69 0.87 0.87 Creditors/Debtors 0.16 0.00 0.06 0.03 0.07 Current Liabilities/Stocks 1.78 1.88 1.60 2.40 1.98 Stocks/Working Capital (%) 173.64 163.60 196.02 147.08 134.38 Current Assets/Total Assets (%) 97.07 96.15 96.71 96.50 96.76 Profit/Current Liabilities (%) 13.18 6.48 4.36 2.18 10.05 Sales/Current Liabilities 3.75 4.30 3.49 2.50 2.95   Interest/Pre-Interest Profit (%) 2.85 5.34 1.20 1.56 3.35 Total Debt/Net Worth (%) 189.57 217.23 208.68 255.81 192.12 Bank Overdraft & Long Term Liabilities/Net Worth 5.72 6.12 5.63 5.30 4.67 Long Term Debt/Net Worth (%) 0.00 0.00 0.00 0.22 1.03 Long Term Liabilities/Net Worth 0.06 0.06 0.06 0.05 0.05 Shareholders' Funds/Total Liabilities (%) 33.71 34.84 33.78 30.85 39.63 Shareholders' Funds/Total Assets 0.25 0.26 0.25 0.24 0.28 Net Worth/Total Assets (%) 25.21 25.84 25.25 23.58 28.38 Net Worth/Total Assets - Intangibles (%) 25.21 25.84 25.25 23.58 28.38 Net Worth/Total Fixed Assets (%) 861.90 671.17 767.39 673.89 876.12   Bank Overdraft & Long Term Liabilities/Working Capital (%) 0.06 0.07 0.06 0.06 0.05 Bank Overdraft & Long Term Liabilities/Total Assets (%) 1.44 1.58 1.42 1.25 1.32 Total Debt/Working Capital 2.01 2.38 2.25 2.83 2.06 Net Worth/Current Liabilities (%) 34.38 35.59 34.43 31.36 40.38 P & L Account Reserve/Net Worth (%) 69.70 61.15 56.48 53.28 54.13 Revaluation Reserve/Shareholders' Funds (%) - - - - - Bank Overdraft/Current Assets (%) 0.00 0.00 0.00 0.00 0.00   Average Employee Remuneration (£) 28,358 27,100 27,649 26,000 23,892 Wages/Sales (%) 4.91 5.13 6.56 8.24 8.20 Profit per Employee (£) 20,292 7,970 5,266 2,750 9,914 Sales per Employee (£) 577,340 528,270 421,191 315,446 291,441 Capital Employed per Employee (£) 55,962 46,440 43,894 41,652 41,710 Total Fixed Assets per Employee (£) 6,142 6,520 5,415 5,870 4,548 Total Assets per Employee (£) 209,943 169,380 164,574 167,772 140,398   Profit/Value Added (%) 36.94 19.11 13.66 8.38 26.77 Value Added/Sales(%) 9.52 7.89 9.15 10.41 12.71 Value Added per Employee (£) 54,940 41,698 38,556 32,824 37,033 Value Added/Employee Remuneration (%) 1.94 1.54 1.39 1.26 1.55   Exports/Sales (%) 4.23 5.95 5.44 4.07 11.82 Sales/Audit Fees 2,185.64 1,228.53 1,466.37 1,116.19 1,042.46 Total Assets/Audit Fees 794.79 393.91 572.96 593.65 502.19   Growth Rates   1 year 2 year 3 year 4 year % % % % Sales 16 55 111 126 Pre-tax Profit 170 335 750 133 Audit Fees -35 4 8 8   Directors' Remuneration 8 23 30 30 Number of Employees 6 13 15 14 Employees' Remuneration 11 16 26 35   Fixed Assets -0 28 21 54 Tangible Assets -0 28 21 54 Total Fixed Assets -0 28 21 54 Stocks 40 29 89 98 Trade Debtors 24 59 96 152 Total Current Assets 33 44 45 71 Total Assets 31 44 44 70   Trade Creditors - 305 957 483 Short Term Loans 12 31 14 50 Total Current Liabilities 33 44 41 78 Net Cash 78 50 -58 -46 Shareholders' Funds 28 44 54 51 Net Worth 28 44 54 51 Long Term Loans - - -100 -100 Long Term Liabilities 20 46 66 86 Capital Employed 28 44 55 53
Company/Industry Comparison
This comparison is based on the results of 1802 companies in the same industrial sector: 51470 Wholesale of other household goods
Company Industry Averages 31/03/2002 Lower Median Upper PERFORMANCE Profit/Sales (%) 3.51 0.0 2.8 7.0 Profit/Capital Employed (%) 36.26 3.3 17.9 44.8 Profit/Total Assets (%) 9.67 0.1 6.5 14.9 Profit/Shareholders' Funds (%) 38.34 5.7 22.1 52.3   TURNOVER Sales/Total Assets (%) 275.00 152.8 233.8 336.5 Sales/Fixed Assets (%) 94.01 11.6 26.7 67.6 Working Capital/Sales (%) 8.63 17.0 7.0 -0.0 Stock Turnover 6.67 4.7 8.3 20.2 Credit Period (days) 59.50 70.4 47.1 22.4 Creditor Days (days) 9.77 49.5 27.0 10.7   LIQUIDITY Current Ratio 1.32 1.0 1.3 1.9 Liquidity Ratio 0.76 0.5 0.8 1.3   GEARING Total Debt/Net Worth (%) 189.57 170.4 57.0 10.1 Shareholders' Funds/Total Assets 0.25 0.2 0.4 0.6 Long Term Debt/Net Worth (%) 0.00 21.2 0.5 0.0 Interest/Pre-Interest Profit (%) 2.85 24.2 7.7 0.3 Total Debt/Working Capital 2.01 2.0 0.7 0.1   EMPLOYEE Average Employee Remuneration (£) 28,358 13,867 18,759 24,600 Wages/Sales (%) 4.91 14.9 10.3 6.3 Profit per Employee (£) 20,292 636 5,097 14,142 Sales per Employee (£) 577,340 117,967 188,927 336,662 Capital Employed per Employee (£) 55,962 14,326 14,326 14,326 Total Fixed Assets per Employee (£) 6,142 3,892 8,597 23,175 Total Assets per Employee (£) 209,943 49,338 84,608 160,308   OTHER Creditors/Debtors 0.16 0.5 1.0 2.0 Debtors/Total Assets (%) 44.83 12.4 29.1 48.0 Current Liabilities/Stocks 1.78 1.1 1.9 4.1 Exports/Sales (%) 4.23 0.0 0.1 6.4 Sales/Audit Fees 2,185.64 382.7 647.9 1,184.9 Total Assets/Audit Fees 794.79 179.3 312.9 530.5
Filing History
08/09/2001	Change among the directors of a company
07/04/1987	Alteration in memorandum or articles of association
07/04/1987	Resolutions which give, vary, revoke or renew an authority for the purposes of section 80 (allotment of securities)
Directors
COMPANY SECRETARY
ALAN MAURICE LEVINSON
Appointment Date:	31/07/1991
Date of Birth:	05/10/1943
Occupation/Function:	COMPANY SECRETARY
Address:	9 OLD QUEEN STREET, LONDON, SW1H 9JA
Present Appointments:	13
Resignations Since June 1996:	3
DIRECTORS
HIDESHI HIRAI
Appointment Date:	09/05/2000
Date of Birth:	05/07/1946
Occupation/Function:	EXECUTIVE
Address:	FLUWEELBOOM LAAN 87, AMSTERDAM, 1185 PP
Present Directorships:	1
Resignations Since June 1996:	0
MR TOSHIYUKI MASAI
Appointment Date:	01/04/1999
Date of Birth:	05/08/1952
Occupation/Function:	COMPANY DIRECTOR
Address:	380 RICHMOND ROAD, KINGSTON UPON THAMES, SURREY, KT2 5PR
Present Directorships:	2
Resignations Since June 1996:	1
JOHN DESMOND READ
Appointment Date:	22/03/1996
Date of Birth:	18/07/1954
Occupation/Function:	FINANCIAL CONTROLLER
Address:	11 SQUIRRELS GREEN, GREAT BOOKHAM, SURREY, KT23 3LE
Present Directorships:	1
Resignations Since June 1996:	0
YOSUKE SHIBATA
Appointment Date:	09/05/2000
Date of Birth:	03/01/1944
Occupation/Function:	EXECUTIVE
Address:	BEYSTERVELD 201, AMSTERDAM, 1083 KD
Present Directorships:	1
Resignations Since June 1996:	0
YOJIRO YAMAGUCHI
Appointment Date:	20/07/2001
Date of Birth:	21/01/1953
Occupation/Function:	EXECUTIVE
Address:	8 ASPEN LODGE, 61 WIMBLEDON HILL ROAD, LONDON, SW19 7QP
Present Directorships:	2
Resignations Since June 1996:	0