MIRA INFORM REPORT

Report Date :

07.03.2013

IDENTIFICATION DETAILS

Name :	S&B HERBA FOODS LIMITED
Formerly Known As :	STEVENS AND BROTHERTON LIMITED
Registered Office :	Berwick House 8-10 Knoll Rise Orpington BR6 0EL
Country :	United Kingdom
Financials (as on) :	31.12.2011
Date of Incorporation :	04.07.1919
Com. Reg. No.:	00156737
Legal Form :	Private limited with Share Capital
Line of Business :	Grain and Cereal Production
No. of Employees :	96

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 :	Good
Payment Behaviour :	Regular
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 – June 30^th, 2012

Country Name	Previous Rating (31.03.2011)	Current Rating (30.06.2012)
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 and contained the growth of social welfare programs. 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, account by far for the largest proportion of GDP while industry continues to decline in importance. 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. Sharply declining 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 include 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 aims to lower London's budget deficit from over 10% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 because of slower-than-expected economic growth and the impact of 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 23% by 2015. The Bank of England (BoE) implemented an asset purchase program of up to £325 billion (approximately $525 billion) as of February 2011. 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

REGISTERED NAME & COMPANY SUMMARY

Summary – Company Information

Company Name	S&B HERBA FOODS LIMITED	Company Number	00156737
Registered Address	BERWICK HOUSE	Trading Address	7 West Pallant Chichester West Sussex PO19 1TD
	8-10 KNOLL RISE
	ORPINGTON
	BR6 0EL
Website Address	http://www.sbhf.com	Trading Address	Fulbourn Silo Wilbraham Road Fulbourn Cambridgeshire CB21 5ET, United Kingdom
Telephone Number	01689877799	Fax Number
TPS	No	FPS	No
Incorporation Date	04/07/1919	Company Status	Active - Accounts Filed
Previous Name	STEVENS AND BROTHERTON LIMITED	Type	Private limited with Share Capital
Date of Change	01/04/2004	Filing Date of Accounts	21/09/2012
		Share Capital	£408
SIC03	1561	Currency	GBP
SIC03 Description	GRAIN AND CEREAL PRODUCTION
SIC07	10611
SIC07 Description	GRAIN MILLING
Principal Activity	Importing of produce for distribution to the grocery trade.

DIRECTORS/MANAGEMENT

Directors

Total Current Directors	5
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	14

Current Directors

Name	Robert Leslie Holben	Date of Birth	15/03/1946
Officers Title	Mr	Nationality	British
Present Appointments	9	Function	Director
Appointment Date	19/05/2004
Address	34 Fulton Crescent, Bishops Stortford, Hertfordshire, CM23 5DA
Other Actions	View Director Report	View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Antonio Hernandez Callejas	Date of Birth	20/07/1955
Officers Title	Mr	Nationality	Spanish
Present Appointments	3	Function	Director
Appointment Date	29/03/2004
Address	Plaza De Cuba 9 8a, 41011, Seville
Other Actions	View Director Report	View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Rafael Angel Lopez Relimpio	Date of Birth	05/09/1971
Officers Title	Mr	Nationality	Spanish
Present Appointments	3	Function	Director
Appointment Date	29/03/2004
Address	Asuncion 77 3a, Seville, 41011
Other Actions	View Director Report	View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Felix Hernandez Callejas	Date of Birth	28/03/1958
Officers Title	Mr	Nationality	Spanish
Present Appointments	2	Function	Director
Appointment Date	29/03/2004
Address	Republica Argentina 58 8 :izq, Seville, 41011
Other Actions	View Director Report	View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Peter John Cattaneo	Date of Birth	10/06/1949
Officers Title	Mr	Nationality	British
Present Appointments	16	Function	Director
Appointment Date	19/04/2001
Address	Fairoak Lodge, Fairoak Lane, Oxshott, Surrey, KT22 0TW

Directors

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Nigel Swatland	0	2
Jorgen Oest Larsen	2	1
Paul Richard Stevens	5	16
Paul Richard Stevens	5	16
David Edward Reginald Price	13	4
David Edward Reginald Price	13	4
Michael John Wright	0	1
Daniel Driscoll	0	1
Joseph Albert Hafner	0	1
Richard Alford Stevens	0	1
Charles Richard Truelove	2	5
William David Hanks	1	5
Martin Robert Smith	0	1
Marlene Botha	0	2

NEGATIVE INFORMATION

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 -	-

Exact CCJ Details

There are no exact CCJ details

Possible CCJ Details

There are no possible CCJ details

Writ Details

Date	Court	Plaintiff
08/12/2011	R C J - LONDON QUEENS BENCH	PASTA REALE LTD

Mortgage Summary

Outstanding	1
Satisfied	5

Full CCJ Details

Exact CCJ Details

No CCJs found

Possible CCJs Details

There are no possible CCJ details

Writ Details

Date	Court	Plaintiff
08/12/2011	R C J - LONDON QUEENS BENCH	PASTA REALE LTD

Mortgage Details

Mortgage Details

Mortgage Type:	DEBENTURE
Date Charge Created:	15/05/92
Date Charge Registered:	19/05/92
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:	MORTGAGE DEBENTURE
Date Charge Created:	30/11/90
Date Charge Registered:	06/12/90
Date Charge Satisfied:	06/03/92
Status:	SATISFIED
Person(s) Entitled:	COUTTS & CO
Amount Secured:	ALL MONIES ETC...
Details:	A SPECIFIC EQUITABLE CHARGE OVER ALL FREEHOLD AND LEASEHOLD PROPERTIES AND/OR THE PROCEEDS OF SALE THEREOF FIXED AND FLOATING CHARGES OVER UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS AND THE BENEFITS OF ANY LICENCES

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	13/02/92
Date Charge Registered:	21/02/92
Date Charge Satisfied:	29/05/92
Status:	SATISFIED
Person(s) Entitled:	TEXAS COMMERCE BANK NATIONAL ASSOCIATION
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	THE CASH DEPOSIT AT COUTTS & CO......SEE FORM 395 FOR FULL DETAILS

Mortgage Type:	DEBENTURE
Date Charge Created:	13/02/92
Date Charge Registered:	21/02/92
Date Charge Satisfied:	29/05/92
Status:	SATISFIED
Person(s) Entitled:	TEXAS COMMERCE BANK NATIONAL ASSOCIATION
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE PURSUANT TO ANY OF THE FINANCING DOCUMENTS OR ON ANY CURRENT OR OTHER ACCOUNT
Details:	SEE FORM 395 FOR FULL DETAILS FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY

Mortgage Type:	FIXED AND FLOATING CHARGE
Date Charge Created:	31/03/86
Date Charge Registered:	14/04/86
Date Charge Satisfied:	25/06/91
Status:	SATISFIED
Person(s) Entitled:	CLYDESDALE BANK PUBLIC LIMITED COMPANY
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	A FIXED AND FLOATING CHARGE UNDERTAKINGAND ALL PROPERTY AND ASSETS PRESENT ANDFUTURE INCLUDING BOOKDEBTS UNCALLED CAPITAL.

Mortgage Type:	SINGLE DEBENTURE
Date Charge Created:	31/03/86
Date Charge Registered:	03/04/86
Date Charge Satisfied:	19/07/88
Status:	SATISFIED
Person(s) Entitled:	CITIBANK NA
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ALL ESTATES AND OTHER INTEREST IN FREEHOLD, LEASEHOLD AND OTHER IMMOVABLE PROPERTY WHERESOEVER SITUATE NOW OR HEREAFTERBELONGING TO THE COMPANY (SEE DOC NO M137 FOR FULL DETAILS)

SHARE & SHARE CAPITAL INFORMATION

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value
HERBA FOODS SLU	GBP	20,812	ORDINARY	0.01
RIVIANA FOODS INC.	GBP	19,996	ORDINARY	0.01

Unable to report percentage holdings as filed Shareholder listing is not full.

PAYMENT INFORMATION

Summary – Payment History

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder Funds	Employees
31/12/2011	£80,593,000	£6,403,000	£38,481,000	96
31/12/2010	£88,694,000	£8,529,000	£34,844,000	95
31/12/2009	£94,914,000	£8,927,000	£29,015,000	96

Payment Information Summary

Days Beyond Terms

Trend Indicator

N/A	10
Company DBT	UK Average DBT

Steady

Improving Worsening

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade Debtors / Bad Debt -	2
Total Value of Documented Trade Debtors / Bad Debt -	£18,280

Creditor & Debtor Details

Trade Debtors / Bad Debt Detail

Company Name	Amount	Statement Date
Euro Ingredients Company (Trading) Ltd	£14,080	14/12/2011
Plasto Food Services Limited	£4,200	26/05/2011

Total Value

£18,280

GROUP STRUCTURE & AFFILIATED COMPANIES

Group Structure

Statistics

Group	11 companies
Linkages	7 companies
Countries	In 2 countries

Summary

Holding Company	-
Ownership Status	Intermediately Owned
Ultimate Holding Company	EBRO PULEVA SA

Group structure

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
EBRO PULEVA SA	N/A	-	-
HERBA FOODS	B83261891	31.12.2011	-	€2,259,718
JOSEPH HEAP PROPERTY LIMITED	04926417	31.12.2011	N
S&B HERBA FOODS LIMITED	00156737	31.12.2011	N	£80,593,000
JOSEPH HEAP & SONS LIMITED	01638346	31.12.2011	N
A.W. MELLISH LIMITED	01646254	31.12.2011	N
ANGLO AUSTRALIAN RICE...	01979286	31.12.2011	N
HEAP-COMET LIMITED	02058656	31.12.2011	N
RIVIANA FOODS LIMITED	00497910	31.12.2011	N
VOGAN & CO.,LIMITED	00148861	31.12.2011	N
TBA SUNTRA (UK) LIMITED	05167371	31.12.2011	N	£4,681,302

Other Linked companies

Name	Number	Latest Key Financials	Turnover
HERBA GERMANY GMBH	HRB 85886	31.12.2011	€2,128,598
LASSIE NEDERLAND B.V.	34066459	31.12.2011
LASSIE B.V.	35020601	31.12.2011
LASSIE PROPERTY B.V.	34237806	31.12.2011
EBRO FOODS NEDERLAND B.V.	34289235	31.12.2011
MEDITERRANEAN FOOD LABELS B.V.	34356061	31.12.2011
LASSIE INGREDIENTS B.V.	54702399	-

FINANCIAL INFORMATION

Financials

Profit & Loss

	Date Of Accounts	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08	(%)	31/12/07
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
	Turnover	£80,593,000	-9.1%	£88,694,000	-6.6%	£94,914,000	7.8%	£88,065,000	51.9%	£57,960,966
	Export	£3,454,000	6.8%	£3,233,000	1%	£3,201,000	-41.7%	£5,493,000	151.6%	£2,183,074
	Cost of Sales	£62,133,000	-10.3%	£69,289,000	-6.9%	£74,385,000	8.3%	£68,712,000	55%	£44,342,248
	Gross Profit	£18,460,000	-4.9%	£19,405,000	-5.5%	£20,529,000	6.1%	£19,353,000	42.1%	£13,618,718
	Wages & Salaries	£4,340,000	1.3%	£4,286,000	0.8%	£4,253,000	4.2%	£4,080,000	45.7%	£2,800,714
	Directors Emoluments	£408,000	0.5%	£406,000	16.3%	£349,000	8%	£323,000	-11.6%	£365,461
	Operating Profit	£6,382,000	-25.7%	£8,586,000	-5.6%	£9,097,000	12.6%	£8,078,000	78.1%	£4,535,192
	Depreciation	£684,000	-6.3%	£730,000	0.4%	£727,000	1.7%	£715,000	-16.9%	£859,902
	Audit Fees	£45,000	-	£45,000	-	£45,000	-11.8%	£51,000	5.2%	£48,500
	Interest Payments	£40,000	-32.2%	£59,000	-76.7%	£253,000	-67.4%	£777,000	-17.9%	£946,401
	Pre Tax Profit	£6,403,000	-24.9%	£8,529,000	-4.5%	£8,927,000	21.2%	£7,366,000	77.8%	£4,143,979
	Taxation	-£1,794,000	28.8%	-£2,518,000	3.6%	-£2,613,000	-14.9%	-£2,274,000	-133.8%	-£972,492
	Profit After Tax	£4,609,000	-23.3%	£6,011,000	-4.8%	£6,314,000	24%	£5,092,000	60.6%	£3,171,487
	Dividends Payable	-	-	-	-	-	-	-	-	-
	Retained Profit	£4,609,000	-23.3%	£6,011,000	-4.8%	£6,314,000	24%	£5,092,000	60.6%	£3,171,487

Balance Sheet

	Date Of Accounts	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08	(%)	31/12/07
	Tangible Assets	£6,134,000	-3.9%	£6,382,000	1.4%	£6,293,000	-6.4%	£6,720,000	-7.2%	£7,241,085
	Intangible Assets	£4,963,000	-5.8%	£5,270,000	-5.5%	£5,577,000	1.4%	£5,500,000	-5.3%	£5,806,646
	Total Fixed Assets	£11,097,000	-4.8%	£11,652,000	-1.8%	£11,870,000	-2.9%	£12,220,000	-6.3%	£13,047,731
	Stock	£21,739,000	39%	£15,644,000	-17.7%	£19,017,000	-24.9%	£25,325,000	78.8%	£14,167,730
	Trade Debtors	£12,718,000	-11.1%	£14,303,000	7.9%	£13,255,000	-4.2%	£13,830,000	5.9%	£13,057,876
	Cash	£375,000	56.3%	£240,000	-50.2%	£482,000	-57%	£1,120,000	999.9%	£97,115
	Other Debtors	£9,134,000	23.2%	£7,411,000	654.7%	£982,000	63.4%	£601,000	-15.1%	£708,203
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£43,966,000	16.9%	£37,598,000	11.4%	£33,736,000	-17.5%	£40,876,000	45.8%	£28,030,924
	Trade Creditors	£1,205,000	-43%	£2,115,000	-29.3%	£2,990,000	-36.7%	£4,721,000	-28.1%	£6,566,037
	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
	Other Short Term Finance	£5,881,000	67%	£3,521,000	-42.5%	£6,127,000	-65.8%	£17,895,000	39.6%	£12,821,827
	Miscellaneous Current Liabilities	£6,920,000	-2.5%	£7,101,000	19.5%	£5,942,000	-3.4%	£6,152,000	162%	£2,347,783
	Total Current Liabilities	£14,006,000	10%	£12,737,000	-15.4%	£15,059,000	-47.7%	£28,768,000	32.4%	£21,735,647
	Bank Loans & Overdrafts and LTL	£2,576,000	54.3%	£1,669,000	8.9%	£1,532,000	54.3%	£993,000	88.8%	£525,835
	Other Long Term Finance	0	-	0	-	0	-	0	-	0
	Total Long Term Liabilities	£2,576,000	54.3%	£1,669,000	8.9%	£1,532,000	54.3%	£993,000	88.8%	£525,835

Capital & Reserves

	Date Of Accounts	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08	(%)	31/12/07
	Called Up Share Capital	£1,000	-	£1,000	-	£1,000	-	£1,000	145.1%	£408
	P & L Account Reserve	£30,030,000	13.8%	£26,393,000	28.3%	£20,564,000	38.2%	£14,884,000	43.6%	£10,367,163
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	£8,450,000	-	£8,450,000	-	£8,450,000	-	£8,450,000	0%	£8,449,602
	Shareholder Funds	£38,481,000	10.4%	£34,844,000	20.1%	£29,015,000	24.3%	£23,335,000	24%	£18,817,173

Other Financial Items

	Date Of Accounts	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08	(%)	31/12/07
	Net Worth	£33,518,000	13.3%	£29,574,000	26.2%	£23,438,000	31.4%	£17,835,000	37.1%	£13,010,527
	Working Capital	£29,960,000	20.5%	£24,861,000	33.1%	£18,677,000	54.3%	£12,108,000	92.3%	£6,295,277
	Total Assets	£55,063,000	11.8%	£49,250,000	8%	£45,606,000	-14.1%	£53,096,000	29.3%	£41,078,655
	Total Liabilities	£16,582,000	15.1%	£14,406,000	-13.2%	£16,591,000	-44.3%	£29,761,000	33.7%	£22,261,482
	Net Assets	£38,481,000	10.4%	£34,844,000	20.1%	£29,015,000	24.3%	£23,335,000	24%	£18,817,173

Miscellaneous

	Date Of Accounts	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08	(%)	31/12/07
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
	Capital Employed	£41,057,000	12.4%	£36,513,000	19.5%	£30,547,000	25.6%	£24,328,000	25.8%	£19,343,008
	Number of Employees	96	1.1%	95	-1%	96	1.1%	95	1.1%	94
	Auditors	DELOITTE LLP
	Auditor Comments	The audit report contains no adverse comments
	Bankers	CITIBANK
	Bank Branch Code	08-60-71

Ratios

	Date Of Accounts	31/12/11	31/12/10	31/12/09	31/12/08	31/12/07
	Pre-tax profit margin %	7.94	9.62	9.41	8.36	7.15
	Current ratio	3.14	2.95	2.24	1.42	1.29
	Sales/Net Working Capital	2.69	3.57	5.08	7.27	9.21
	Gearing %	6.70	4.80	5.30	4.30	2.80
	Equity in %	76.80	79.20	72.50	49	53.30
	Creditor Days	5.44	8.67	11.46	19.51	41.23
	Debtor Days	57.44	58.69	50.83	57.16	82
	Liquidity/Acid Test	1.58	1.72	0.97	0.54	0.63
	Return On Capital Employed %	15.59	23.35	29.22	30.27	21.42
	Return On Total Assets Employed %	11.62	17.31	19.57	13.87	10.08
	Current Debt Ratio	0.36	0.36	0.51	1.23	1.15
	Total Debt Ratio	0.43	0.41	0.57	1.27	1.18
	Stock Turnover Ratio %	26.97	17.63	20.03	28.75	24.44
	Return on Net Assets Employed %	16.63	24.47	30.76	31.56	22.02

FOREIGN EXCHANGE RATES

Na

ADDITIONAL INFORMATION

Commentary

No exact match CCJs are recorded against the company.
The credit limit on this company has fallen 7.1% in comparison to the previously suggested credit limit.
Sales in the latest trading period decreased 9.1% on the previous trading period.
Net Worth increased by 13.3% during the latest trading period.
A 11.8% growth in Total Assets occurred during the latest trading period.
Pre-tax profits decreased by 24.9% compared to the previous trading period.
The company saw an increase in their Cash Balance of 56.3% during the latest trading period.
The audit report contains no adverse comments.
No recent changes in directorship are recorded.
The company is part of a group.
The company was established over 93 years ago.

Current Company Secretary

Name	Peter John Cattaneo	Date of Birth	10/06/1949
Officers Title	Mr	Nationality	British
Present Appointments	16	Function	Company Secretary
Appointment Date	01/05/2007
Address	Fairoak Lodge, Fairoak Lane, Oxshott, Surrey, KT22 0TW

Event History

Status History

No Status History found

Event History

Date	Description
16/10/2012	Annual Returns
01/10/2012	New Accounts Filed
26/01/2012	NEW WRITS RECORD
05/11/2011	Annual Returns
03/10/2011	New Accounts Filed
03/10/2011	New Accounts Filed
16/10/2010	Annual Returns
13/10/2010	New Accounts Filed
13/10/2010	New Accounts Filed
02/09/2010	New Board Member Mr P.J. Cattaneo appointed
02/09/2010	New Company Secretary Mr P.J. Cattaneo appointed
18/12/2009	Annual Returns
16/10/2009	Annual Returns
13/10/2009	New Accounts Filed
13/10/2009	New Accounts Filed

Previous Company Names

Date	Previous Name
01/04/2004	STEVENS AND BROTHERTON LIMITED

NOTES & COMMENTS

Na

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.71
UK Pound	1	Rs.82.79
Euro	1	Rs.71.43

INFORMATION DETAILS

Report Prepared by :

PRL

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.