MIRA INFORM REPORT

 

 

Report Date :           

26.05.2011

 

Note: there is no company registered at the given postcode.

 

IDENTIFICATION DETAILS

 

Name :

JACK WILLS LIMITED

 

 

Formerly Known As :

PRM WILLIAMS CLOTHING LIMITED

 

 

Registered Office :

22 Fore Street, Salcombe, Devon, TQ8 8ET

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

31.01.2010

 

 

Date of Incorporation :

05.02.1998

 

 

Com. Reg. No.:

03504842

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Retail sale of clothing

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

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

 

Maximum Credit Limit :

£400,000

 

 

Status :

Good

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

United Kingdom 

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company summary

 Bottom of Form

 

Company Name

JACK WILLS LIMITED

Company Number

03504842

Registered Address

22 FORE STREET

Trading Address

7 Rose Crescent
Cambridge
Cambridgeshire
CB2 3LL

 

SALCOMBE

 

 

DEVON

 

 

TQ8 8ET

 

 

Website Address

http://www.jackwills.com

 

 

Telephone Number

01548842007

Fax Number

 

TPS

No

FPS

No

Incorporation Date

05/02/1998

Company Status

Active - Accounts Filed

Previous Name

PRM WILLIAMS CLOTHING LIMITED

Type

Private limited with Share Capital

 

 

Filing Date of Accounts

06/07/2010

Date of Change

25/06/1998

Share Capital

£113,384

Sic Code

5242

Currency

GBP

Sic Description

RETAIL SALE OF CLOTHING

Principal Activity

Retail clothes.

Accounts Due Date

 

31/10/2011

Credit Limit

 

Limit

£400,000

Previous Limit

£350,000

Contract Limit

£16,200,000

 

 

 

 

Commentary

 

No exact match CCJs are recorded against the company.

The credit limit on this company has risen 14.3% in comparison to the previously suggested credit limit.

The previous 12 month trading period saw a rise in Sales of 55%.

In the previous 12 month trading period Net Worth increased by 56.5%.

A 46.2% growth in Total Assets occurred in the previous 12 month trading period.

Pre-tax profits increased by 31.3% in the previous 12 month trading period.

The company saw an increase in their Cash Balance of 6.9% in the previous 12 month trading period.

 

The audit report contains no adverse comments.

The company has undergone recent changes in its directorships.

The company is not part of a group.

The company was established over 13 years ago.

 

 

Last 3 Years Credit Limit

 

Date

Limit

31/12/2010

£350,000

31/12/2009

£350,000

31/12/2008

95

£250,000

 

 

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

31/01/2010

£64,763,601

£6,698,856

£12,512,145

1286

31/01/2009

£41,777,842

£5,101,544

£7,994,444

1131

31/01/2008

£22,041,053

£3,409,303

£4,551,303

495

 

 

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 -

0

 

 

 

 

Exact CCJ Details

 

There are no exact CCJ details

 

 

Possible CCJ Details

 

There are no possible CCJ details

Writ Details

 

There are no writ details

 

 

Mortgage Summary

 

 

Outstanding

7

 

Satisfied

3

 

 

 

 

 

 

Total Current Directors

11

Total Current Secretaries

0

Total Previous Directors / Company Secretaries

5

 

Current Directors

 

Name

Tom Evans

Date of Birth

12/08/1973

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

01/09/2010

 

 

Address

22 Fore Street,  Salcombe,  Devon,  TQ8 8ET

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Helena Joan Feltham

Date of Birth

04/05/1956

Officers Title

Mrs

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

01/02/2010

 

 

Address

22 Fore Street,  Salcombe,  Devon,  TQ8 8ET

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Simon Eric Hugh Turner

Date of Birth

28/10/1968

Officers Title

Mr

Nationality

British

Present Appointments

21

Function

Director

Appointment Date

05/07/2007

 

 

Address

Flat 5,  48 Chepstow Villas,  London,  W11 2QY

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Peter Richard Michael Williams

Date of Birth

12/06/1974

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

05/02/1998

 

 

Address

22 Fore Street,  ,  Salcombe,  TQ8 8ET

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Robert Wedgwood Shaw

Date of Birth

08/10/1973

Officers Title

Mr

Nationality

British

Present Appointments

4

Function

Director

Appointment Date

05/02/1998

 

 

Address

Manor Farm House,  East Dean,  Chichester,  PO18 0JA

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Fiona Louise Greiner

Date of Birth

01/06/1968

Officers Title

Ms

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

10/09/2007

 

 

Address

185 Richmond Road,  ,  Kingston Upon Thames,  KT2 5DD

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Sarah Jane Holme

Date of Birth

21/11/1972

Officers Title

Ms

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

06/02/2008

 

 

Address

116 Cyprus Street,  ,  London,  E2 0NN

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Glen Tinton

Date of Birth

10/12/1962

Officers Title

Mr

Nationality

British

Present Appointments

3

Function

Director

Appointment Date

05/05/2009

 

 

Address

Jasmine House 26 Old Holt Road, Medbourne,  ,  Market Harborough,  LE16 8DY

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Peter Bryce Saunders

Date of Birth

22/10/1947

Officers Title

Mr

Nationality

Canadian

Present Appointments

2

Function

Director

Appointment Date

29/01/2009

 

 

Address

4841 Keswick Way,  ,  Naples,

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Timothy Mark Macdougall Patten

Date of Birth

31/12/1960

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

01/09/2009

 

 

Address

6 Peninsula Square,  ,  Winchester,  SO23 8GJ

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Peter Richard Michael Williams

Date of Birth

12/06/1974

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

05/02/1998

 

 

Address

22 Fore Street,  ,  Salcombe,  TQ8 8ET

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

 

Current Company Secretary

 

Top 20 Shareholders

Name

Individual Share Value

WILLS LIFESTYLE HOLDINGS LIMITED

113,384 ORDINARY GBP 1.00

 

 

Profit & Loss

 

Date Of Accounts

31/01/10

(%)

31/01/09

(%)

31/01/08

(%)

31/01/07

(%)

31/01/06

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

£64,763,601

55%

£41,777,842

89.5%

£22,041,053

-

-

-

-

Export

£1,054,341

176%

£382,020

-

-

-

-

-

-

Cost of Sales

£19,596,948

52.8%

£12,824,919

-

£6,550,316

-

-

-

-

Gross Profit

£45,166,653

56%

£28,952,923

86.9%

£15,490,737

-

-

-

-

Wages & Salaries

£14,087,466

68%

£8,383,543

79%

£4,683,492

-

-

-

-

Directors Emoluments

£1,727,340

64.7%

£1,049,000

60.2%

£654,655

-

-

-

-

Operating Profit

£6,846,523

32.1%

£5,183,099

53.4%

£3,378,638

-

-

-

-

Depreciation

£3,309,642

28.7%

£2,572,130

104.2%

£1,259,546

315.8%

£302,929

298.9%

£75,946

Audit Fees

£40,200

48.9%

£27,000

-2.1%

£27,576

-

-

-

-

Interest Payments

£151,075

78.2%

£84,762

999.9%

£1,568

-

-

-

-

Pre Tax Profit

£6,698,856

31.3%

£5,101,544

49.6%

£3,409,303

-

-

-

-

Taxation

-£2,181,569

-31.5%

-£1,658,989

-22.6%

-£1,353,176

-

-

-

-

Profit After Tax

£4,517,287

31.2%

£3,442,555

67.4%

£2,056,127

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

£4,517,287

31.2%

£3,442,555

67.4%

£2,056,127

-

-

-

-

 

Balance Sheet

 

Date Of Accounts

31/01/10

(%)

31/01/09

(%)

31/01/08

(%)

31/01/07

(%)

31/01/06

Tangible Assets

£13,836,420

58.7%

£8,720,430

120%

£3,964,190

85.5%

£2,136,883

261.9%

£590,389

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£13,836,420

58.7%

£8,720,430

120%

£3,964,190

85.5%

£2,136,883

261.9%

£590,389

Stock

£8,269,794

105.1%

£4,032,417

80.6%

£2,233,112

101.3%

£1,109,257

356.4%

£243,066

Trade Debtors

£142,694

999.9%

£892

-99.3%

£123,592

-71.8%

£437,555

-

0

Cash

£4,722,198

6.9%

£4,415,853

48.5%

£2,974,521

54.7%

£1,922,317

159.3%

£741,489

Other Debtors

£2,255,649

-20.2%

£2,826,785

136.2%

£1,196,796

-

0

-100%

£157,118

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£15,390,335

36.5%

£11,275,947

72.7%

£6,528,021

88.2%

£3,469,129

203.9%

£1,141,673

Trade Creditors

£7,254,088

-0.9%

£7,317,481

146.6%

£2,967,352

-0.5%

£2,982,843

-

0

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

Other Short Term Finance

£532,074

-

0

-

0

-

0

-

0

Miscellaneous Current Liabilities

£8,020,799

75.3%

£4,576,580

69.3%

£2,703,894

-

0

-100%

£756,126

Total Current Liabilities

£15,806,961

32.9%

£11,894,061

109.7%

£5,671,246

90.1%

£2,982,843

294.5%

£756,126

Bank Loans & Overdrafts and LTL

£907,649

741.4%

£107,872

-60%

£269,662

110.7%

£127,993

144.6%

£52,325

Other Long Term Finance

£598,655

-

0

-

0

-

0

-

0

Total Long Term Liabilities

£907,649

741.4%

£107,872

-60%

£269,662

110.7%

£127,993

144.6%

£52,325

 

Capital & Reserves

 

Date Of Accounts

31/01/10

(%)

31/01/09

(%)

31/01/08

(%)

31/01/07

(%)

31/01/06

Called Up Share Capital

£112,222

0.4%

£111,808

0.5%

£111,222

-

£111,222

-

£111,222

P & L Account Reserve

£12,176,783

59%

£7,659,496

81.6%

£4,216,941

95.2%

£2,160,814

266.7%

£589,249

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

£223,140

-

£223,140

-

£223,140

-

£223,140

-

£223,140

Shareholder Funds

£12,512,145

56.5%

£7,994,444

75.7%

£4,551,303

82.4%

£2,495,176

170.2%

£923,611

 

 

Other Financial Items

 

Date Of Accounts

31/01/10

(%)

31/01/09

(%)

31/01/08

(%)

31/01/07

(%)

31/01/06

Net Worth

£12,512,145

56.5%

£7,994,444

75.7%

£4,551,303

82.4%

£2,495,176

170.2%

£923,611

Working Capital

-£416,626

32.6%

-£618,114

-172.1%

£856,775

76.2%

£486,286

26.1%

£385,547

Total Assets

£29,226,755

46.2%

£19,996,377

90.6%

£10,492,211

87.2%

£5,606,012

223.7%

£1,732,062

Total Liabilities

£16,714,610

39.3%

£12,001,933

102%

£5,940,908

91%

£3,110,836

284.8%

£808,451

Net Assets

£12,512,145

56.5%

£7,994,444

75.7%

£4,551,303

82.4%

£2,495,176

170.2%

£923,611

 

 

Cash Flow

 

Date Of Accounts

31/01/10

(%)

31/01/09

(%)

31/01/08

(%)

31/01/07

(%)

31/01/06

Net Cashflow from Operations

£9,663,168

-6.7%

£10,357,251

91.9%

£5,396,129

-

-

-

-

Net Cashflow before Financing

-£292,723

-120.3%

£1,440,746

34.9%

£1,068,183

-

-

-

-

Net Cashflow from Financing

£599,068

999.9%

£586

-

-

-

-

-

-

Increase in Cash

£306,345

-78.7%

£1,441,332

34.9%

£1,068,183

-

-

-

-

 

Miscellaneous

 

Date Of Accounts

31/01/10

(%)

31/01/09

(%)

31/01/08

(%)

31/01/07

(%)

31/01/06

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£13,419,794

65.6%

£8,102,316

68.1%

£4,820,965

83.8%

£2,623,169

168.8%

£975,936

Number of Employees

1286

13.7%

1131

128.5%

495

-

-

-

-

Auditors

ERNST & YOUNG LLP

Auditor Comments

The audit report contains no adverse comments

Bankers

 

Bank Branch Code

 

 

Ratios

 

Date Of Accounts

31/01/10

31/01/09

31/01/08

31/01/07

31/01/06

Pre-tax profit margin %

10.34

12.21

15.47

-

-

Current ratio

0.97

0.95

1.15

1.16

1.51

Sales/Net Working Capital

-155.45

-67.59

25.73

-

-

Gearing %

7.30

1.30

5.90

5.10

5.70

Equity in %

42.80

40

43.40

44.50

53.30

Creditor Days

40.77

63.75

49

-

-

Debtor Days

0.80

-

2.04

-

-

Liquidity/Acid Test

0.45

0.60

0.76

0.79

1.19

Return On Capital Employed %

49.91

62.96

70.72

-

-

Return On Total Assets Employed %

22.92

25.51

32.49

-

-

Current Debt Ratio

1.26

1.48

1.24

1.19

0.82

Total Debt Ratio

1.33

1.50

1.30

1.24

0.88

Stock Turnover Ratio %

12.76

9.65

10.13

-

-

Return on Net Assets Employed %

53.53

63.81

74.91

-

-

 

 

Status History

 

No Status History found

 

Event History

 

Date

Description

 

06/04/2011

Ms F.L. Greiner has resigned as company secretary

 

26/03/2011

Annual Returns

 

24/02/2011

New Board Member Mr T. Evans appointed

 

23/07/2010

Mr I. Shaw has left the board

 

23/07/2010

New Board Member Mrs H.J. Feltham appointed

 

15/07/2010

New Accounts Filed

 

15/07/2010

New Accounts Filed

 

30/06/2010

Mr T.W. Wood has left the board

 

26/03/2010

Annual Returns

 

23/03/2010

New Board Member Mr P.R. Williams appointed

 

11/01/2010

New Board Member Mr T.M. Patten appointed

 

15/07/2009

New Accounts Filed

 

17/06/2009

New Board Member Mr G. Tinton appointed

 

10/06/2009

Mr W.A. Hobhouse has left the board

 

10/06/2009

New Board Member Mr G. Tinton appointed

 

 

 

Limit History

 

Date

Limit

15/07/2010

£400,000

24/12/2009

£350,000

22/05/2009

£335,000

01/04/2009

£240,000

20/02/2009

£235,000

29/07/2008

£250,000

25/10/2007

£75,000

04/02/2005

£100,000

 

 

Previous Company Names

 

Date

Previous Name

Companies House Documents

25/06/1998

PRM WILLIAMS CLOTHING LIMITED

 

Group Structure Summary

 

Company Name

JACK WILLS LIMITED

Company Number

03504842

Holding Company

WILLS LIFESTYLE HOLDINGS LIMITED

Ownership Status

Wholly Owned

Ultimate Holding Company

WILLS LIFESTYLE HOLDINGS LIMITED

Companies in group

2

 

 

Group structure

 

Company Name

 

Safe Number

Registered Number

Latest Key Financials

Consol. Accounts

Rating

Limit

Turnover

WILLS LIFESTYLE HOLDINGS LIMITED

 

UK06763089

07121485

-

N

66

£1,000

 

JACK WILLS LIMITED

 

UK03161880

03504842

31.01.2010

N

95

£400,000

£64,763,601

 

Exact CCJ Details

 

No CCJs found

Possible CCJs Details

There are no possible CCJ details

 

Writ Details

 

No writs found

 

 

Mortgage Details

 

Mortgage Type:

RENT DEPOSIT DEED

Date Charge Created:

15/12/09

 

 

Date Charge Registered:

19/12/09

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

BICESTER NOMINEES LIMITED & BICESTER II NOMINEES LIMITED

Amount Secured:

£23,808.00 AND ALL OTHER MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNTWHATSOEVER

Details:

ALL SUMS HELD ON BEHALF OF THE LANDLORDFULL TITLE GUARANTEE CHARGES INTEREST SEE IMAGE FOR FULL DETAILS

 

Mortgage Type:

RENT DEPOSIT DEED

Date Charge Created:

23/03/09

 

 

Date Charge Registered:

26/03/09

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

A BROOKS PROPERTIES

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE

Details:

THE AMOUNT OUTSTANDING TO THE CREDIT A SEPARATE DESIGNATED DEPOSIT ACCOUNT WITHTHE CHARGEES BANKERS

 

Mortgage Type:

RENT DEPOSIT DEED

Date Charge Created:

29/10/08

 

 

Date Charge Registered:

13/11/08

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

BICESTER NOMINEES LIMITED AND BICESTER II NOMINEES LIMITED

Amount Secured:

£15,000.00 AND ALL OTHER MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE

Details:

ALL THOSE SUMS FROM TIME TO TIME IN THEDEPOSIT ACCOUNT SEE IMAGE FOR FULL DETAILS

 

Mortgage Type:

RENT DEPOSIT DEED

Date Charge Created:

23/08/06

 

 

Date Charge Registered:

25/08/06

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

ANDREW DOUGLAS BROWNSWORD

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE

Details:

THE INITIAL DEPOSIT TOGETHER WITH ANY INTEREST AND ANY MONIES

 

Mortgage Type:

DEBENTURE

Date Charge Created:

17/07/06

 

 

Date Charge Registered:

26/07/06

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

BARCLAYS BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

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

 

Mortgage Type:

RENT DEPOSIT

Date Charge Created:

16/06/06

 

 

Date Charge Registered:

22/06/06

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

BRIXTON (CHASE ROAD/OAKWOOD) 1 LIMITED

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE

Details:

THE DEPOSIT BALANCE SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

RENT DEPOSIT DEED

Date Charge Created:

20/05/05

 

 

Date Charge Registered:

24/05/05

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

UK INVESTMENTS LIMITED

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE

Details:

THE TENANTS INTEREST IN ALL THE MONIES STANDING TO THE CREDIT OF THE ACCOUNT INCLUDING ALL INTERESTACCRUING THERETO

 

Mortgage Type:

DEBENTURE

Date Charge Created:

07/06/04

 

 

Date Charge Registered:

08/06/04

 

 

Date Charge Satisfied:

17/07/07

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

HSBC BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

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

 

Mortgage Type:

DEBENTURE

Date Charge Created:

22/03/04

 

 

Date Charge Registered:

31/03/04

 

 

Date Charge Satisfied:

02/08/06

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

SME INVOICE FINANCE LIMITED

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

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:

DEBENTURE

Date Charge Created:

26/11/01

 

 

Date Charge Registered:

29/11/01

 

 

Date Charge Satisfied:

02/08/06

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

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

 

Creditor Details

 

No Creditor Data

Total Value

-

 

 

Trade Debtors / Bad Debt Detail

 

No Debtor Data

 

Total Value

-

 

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

William Arthur Hobhouse

22

22

Robert Wedgwood Shaw

4

1

Ian Shaw

0

3

Thomas William Wood

2

1

Fiona Louise Greiner

1

1

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.38

UK Pound

1

Rs.73.31

Euro

1

Rs.63.70

 

 

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

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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.