MIRA INFORM REPORT

Report Date :

13.11.2013

IDENTIFICATION DETAILS

Name :	PRIMARK STORES LTD.
Registered Office :	Primark House 41 West Street Reading, RG1 1TT
Country :	United Kingdom
Financials (as on) :	15.09.2012
Date of Incorporation :	30.04.1948
Com. Reg. No.:	00453448
Legal Form :	Private Subsidiary
Line of Business :	· Owns and operates several clothing stores in the United Kingdom. · Operation of department stores
No. of Employees :	27,065

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 :	Satisfactory
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^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
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 second largest economy in Europe after Germany. 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 aimed 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 21% by 2014. The Bank of England (BoE) implemented an asset purchase program of up to £375 billion (approximately $605 billion) as of December 2012. 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). In 2012, weak consumer spending and subdued business investment weighed on the economy. GDP fell 0.1%, and the budget deficit remained stubbornly high at 7.7% of GDP. Public debt continued to increase.

Source : CIA

Company name and address

PRIMARK STORES LTD.

Primark House

41 West Street

Reading, RG1 1TT

United Kingdom

(Trading Address)

Tel:	0118 960 6300
Fax:	01189606301
www.primark.co.uk

Employees:	27,065
Company Type:	Private Subsidiary
Corporate Family:	321 Companies
Ultimate Parent:	Wittington Investments Ltd
Quoted Status:	Non-quoted Company
Incorporation Date:	30-Apr-1948
Auditor:	KPMG

Financials in:	USD (In Millions)
Fiscal Year End:	15-Sep-2012
Reporting Currency:	British Pound Sterling
Annual Sales:	3,616.2 ^1
Net Income:	13.8
Total Assets:	2,537.6

Business Description

Established in 1969, Primark Stores Ltd. owns and operates several clothing stores in the United Kingdom. Its stores offer casual and corporate wear for men and women. It provides a range of shirts, trousers, jackets, T-shirts and jeans. Its stores also stock a variety of dresses, blouses, skirts and pleated pants for women. Its range of products is available in different colours, sizes, styles and fabrics. It also sells accessories, such as belts, ties, scarves and goggles. The company markets its products under various brands.

Industry

Industry	Clothing and Apparel Stores
ANZSIC 2006:	4251 - Clothing Retailing
ISIC Rev 4:	4771 - Retail sale of clothing, footwear and leather articles in specialized stores
NACE Rev 2:	4771 - Retail sale of clothing in specialised stores
NAICS 2012:	448120 - Women's Clothing Stores
UK SIC 2007:	4771 - Retail sale of clothing in specialised stores
US SIC 1987:	5651 - Family Clothing Stores

Key Executives

Name	Title
Paul Marchant	Chief Executive Officer
John George Bason	Finance Director, Director
Bernard John Michael Mansfield	Sales Director, Director
Rosalyn Sharon Schofield	Secretary
James Owen	IT Manager

News

Title	Date
Primark and Next about to open new Crawley stores in County Mall Crawley News (689 Words)	13-Nov-2013
MAPIC: Primark opens largest Portuguese store PropertyEU (76 Words)	12-Nov-2013
Sugar ethics hard to stomach Taranaki Daily News (695 Words)	12-Nov-2013
Poor yields bring fall in firms sugar profits Bury Free Press (99 Words)	12-Nov-2013
The Bitterness of Sugar Project Syndicate (870 Words)	11-Nov-2013
Talkback: Primark says sorry to breastfeeding mum Made For Mums (373 Words)	11-Nov-2013

Financial Summary

FYE: 15-Sep-2012

USD (mil)

Key Figures
Current Assets	592.03
Fixed Assets	1,945.54
Total Liabilities	2,160.71
Net Worth	303.30

Key Ratios
Current Ratio	0.27
Acid Test	0.03
Debt Gearing	7.04

Registered No.(UK): 00453448

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6354606
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6205668

Corporate Overview

Location
Primark House
41 West Street
Reading, RG1 1TT
Berkshire County
United Kingdom

Tel:	0118 960 6300
Fax:	01189606301

www.primark.co.uk

Sales GBP(mil):	2,297.9
Assets GBP(mil):	1,574.7
Employees:	27,065
Fiscal Year End:	15-Sep-2012

Industry:

Retail (Apparel)

Registered Address:
Weston Centre
10 Grosvenor Street
London, W1K 4QY
United Kingdom

Incorporation Date:	30-Apr-1948
Company Type:	Private Subsidiary
Quoted Status:	Not Quoted
Registered No.(UK):	00453448

Chief Executive Officer:	Paul Marchant

Industry Codes

ANZSIC 2006 Codes:
4251	-	Clothing Retailing

ISIC Rev 4 Codes:
4771	-	Retail sale of clothing, footwear and leather articles in specialized stores

NACE Rev 2 Codes:
4771	-	Retail sale of clothing in specialised stores

NAICS 2012 Codes:
448120	-	Women's Clothing Stores

US SIC 1987:
5651	-	Family Clothing Stores

UK SIC 2007:
4771	-	Retail sale of clothing in specialised stores

Business Description

Established in 1969, Primark Stores Ltd. owns and operates several clothing stores in the United Kingdom. Its stores offer casual and corporate wear for men and women. It provides a range of shirts, trousers, jackets, T-shirts and jeans. Its stores also stock a variety of dresses, blouses, skirts and pleated pants for women. Its range of products is available in different colours, sizes, styles and fabrics. It also sells accessories, such as belts, ties, scarves and goggles. The company markets its products under various brands.

More Business Descriptions

Primark Stores Ltd. is a retail group in the value sector. The company operates nearly 130 stores in both the United Kingdom and Ireland. In Ireland, it trades under the Penneys brand. Primark Stores was first established in 1969 as Penneys in Mary Street, Dublin. The company targets young, fashion-conscious people under 35 years old. It offers high quality, fashion basics at value for money prices. Buying and merchandising teams in London and Dublin, Ireland, travel internationally to source and buy up-to-the-minute fashion basics that best reflect each season’s key fashion trends. Primark Stores is a subsidiary of Associated British Foods PLC, a publicly quoted company primarily involved in food production. Renowned companies and brands within in the group include British Sugar, George Weston Foods, Twinings Tea, Ryvita, Ovaltine, Mazola and Kingsmill. Primark Stores maintains its headquarters in Reading, Berkshire. (Updated by OneSource Information Services)

Operation of department stores

Clothing Retailer

Representative Office

Brand/Trade Names

Penneys Primark

Financial Data

Financials in:	GBP(mil)
Revenue:	2,297.9
Net Income:	8.8
Assets:	1,574.7
Current Assets:	367.4
Fixed Assets:	1,207.3
Long Term Debt:	13.2
Total Liabilities:	1,354.1
Issued Capital:	50.0
Working Capital:	-973.5
Net Worth:	188.2
Date of Financial Data:	15-Sep-2012

1 Year Growth

9.6%

NA

NA

Key Corporate Relationships

Auditor:	KPMG
Bank:	First Trust Bank
Auditor:	KPMG, KPMG
Auditor History
KPMG	15-Sep-2012
KPMG	17-Sep-2011
KPMG	18-Sep-2010
KPMG	12-Sep-2009
KPMG	13-Sep-2008

	GBP(mil)
Audit Fees:	0.1
Audit Fiscal Year:	09-15-2012

Corporate Family

Corporate Structure News:

Total Corporate Family Members: 321
Excluded Small Branches and/or Trading Addresses: 1 (Available via export)

Company Name	Company Type	Location	Country	Industry	Sales (USD mil)	Employees
Wittington Investments Ltd	Parent	London	United Kingdom	Department Stores	15,999.1	107,046
Associated British Foods plc	Subsidiary	London	United Kingdom	Food Manufacturing	19,280.5	106,243
Primark Stores Ltd.	Subsidiary	Reading	United Kingdom	Clothing and Apparel Stores	3,616.2	27,065
Primark	UK Branch/Trading address	Dartford	United Kingdom	Clothing and Apparel Stores	3,616.2	300
Primark	UK Branch/Trading address	Newcastle Upon Tyne	United Kingdom	Clothing and Apparel Stores	3,616.2	300
Primark	UK Branch/Trading address	Gloucester	United Kingdom	Clothing and Apparel Stores	3,616.2	250
Primark	UK Branch/Trading address	Birkenhead	United Kingdom	Clothing and Apparel Stores	3,616.2	250
Primark	UK Branch/Trading address	Wakefield	United Kingdom	Clothing and Apparel Stores	3,616.2	200
Primark	UK Branch/Trading address	Bolton	United Kingdom	Clothing and Apparel Stores	3,616.2	200
Primark	UK Branch/Trading address	Northampton	United Kingdom	Clothing and Apparel Stores	3,616.2	196
Primark	UK Branch/Trading address	Norwich	United Kingdom	Clothing and Apparel Stores	3,616.2	185
Primark	UK Branch/Trading address	Wallasey	United Kingdom	Clothing and Apparel Stores	3,616.2	150
Primark	UK Branch/Trading address	Bristol	United Kingdom	Clothing and Apparel Stores	3,616.2	125
Primark	UK Branch/Trading address	Glasgow	United Kingdom	Clothing and Apparel Stores	3,616.2	121
Primark Stores Ltd.	UK Branch/Trading address	Londonderry	United Kingdom	Clothing and Apparel Stores	3,616.2	120
Primark	UK Branch/Trading address	Belfast	United Kingdom	Clothing and Apparel Stores	3,616.2	116
Primark	UK Branch/Trading address	Birmingham	United Kingdom	Clothing and Apparel Stores	3,616.2	110
Primark	UK Branch/Trading address	Gravesend	United Kingdom	Clothing and Apparel Stores	3,616.2	103
Primark Stores Ltd.	UK Branch/Trading address	London	United Kingdom	Clothing and Apparel Stores	3,616.2	100
Primark	UK Branch/Trading address	Hereford	United Kingdom	Clothing and Apparel Stores	3,616.2	100
Primark	UK Branch/Trading address	London	United Kingdom	Clothing and Apparel Stores	3,616.2	100
Primark	UK Branch/Trading address	Stevenage	United Kingdom	Clothing and Apparel Stores	3,616.2	100
Primark	UK Branch/Trading address	Stirling	United Kingdom	Clothing and Apparel Stores	3,616.2	91
Primark	UK Branch/Trading address	London	United Kingdom	Clothing and Apparel Stores	3,616.2	90
Primark	UK Branch/Trading address	Chatham	United Kingdom	Clothing and Apparel Stores	3,616.2	90
Primark	UK Branch/Trading address	Barnstaple	United Kingdom	Clothing and Apparel Stores	3,616.2	89
Primark	UK Branch/Trading address	Wrexham	United Kingdom	Clothing and Apparel Stores	3,616.2	83
Primark	UK Branch/Trading address	Taunton	United Kingdom	Clothing and Apparel Stores	3,616.2	80
Primark Ltd.	UK Branch/Trading address	Woking	United Kingdom	Clothing and Apparel Stores	3,616.2	80
Primark Stores Ltd.	UK Branch/Trading address	Newry	United Kingdom	Clothing and Apparel Stores	3,616.2	80
Primark	UK Branch/Trading address	Bexleyheath	United Kingdom	Clothing and Apparel Stores	3,616.2	80
Primark	UK Branch/Trading address	Wigan	United Kingdom	Clothing and Apparel Stores	3,616.2	74
Primark	UK Branch/Trading address	Hemel Hempstead	United Kingdom	Clothing and Apparel Stores	3,616.2	71
Primark Stores Ltd.	UK Branch/Trading address	Ballymena	United Kingdom	Clothing and Apparel Stores	3,616.2	70
Primark	UK Branch/Trading address	London	United Kingdom	Clothing and Apparel Stores	3,616.2	63
Primark	UK Branch/Trading address	Clydebank	United Kingdom	Clothing and Apparel Stores	3,616.2	63
Primark Stores Ltd.	UK Branch/Trading address	Wembley	United Kingdom	Clothing and Apparel Stores	3,616.2	63
Primark	UK Branch/Trading address	Grimsby	United Kingdom	Clothing and Apparel Stores	3,616.2	63
Primark	UK Branch/Trading address	Telford	United Kingdom	Clothing and Apparel Stores	3,616.2	60
Primark Stores Ltd.	UK Branch/Trading address	Lisburn	United Kingdom	Clothing and Apparel Stores	3,616.2	60
Primark	UK Branch/Trading address	Bournemouth	United Kingdom	Clothing and Apparel Stores	3,616.2	55
Primark	UK Branch/Trading address	Hounslow	United Kingdom	Clothing and Apparel Stores	3,616.2	52
Primark	UK Branch/Trading address	Ipswich	United Kingdom	Clothing and Apparel Stores	3,616.2	50
Primark	UK Branch/Trading address	Hartlepool	United Kingdom	Clothing and Apparel Stores	3,616.2	50
Primark	UK Branch/Trading address	Middlesbrough	United Kingdom	Clothing and Apparel Stores	3,616.2	49
Primark	UK Branch/Trading address	Hamilton	United Kingdom	Clothing and Apparel Stores	3,616.2	45
Primark	UK Branch/Trading address	Crawley	United Kingdom	Clothing and Apparel Stores	3,616.2	40
Primark	UK Branch/Trading address	Romford	United Kingdom	Clothing and Apparel Stores	3,616.2	40
Primark	UK Branch/Trading address	Basildon	United Kingdom	Clothing and Apparel Stores	3,616.2	35
Primark	UK Branch/Trading address	Newport	United Kingdom	Clothing and Apparel Stores	3,616.2	1
Primark	UK Branch/Trading address	Newtownards	United Kingdom	Clothing and Apparel Stores	3,616.2
Primark	UK Branch/Trading address	Glasgow	United Kingdom	Clothing and Apparel Stores	3,616.2
Primark	UK Branch/Trading address	Huddersfield	United Kingdom	Clothing and Apparel Stores	3,616.2
Primark	UK Branch/Trading address	Woking	United Kingdom	Clothing and Apparel Stores	3,616.2
Primark	UK Branch/Trading address	London	United Kingdom	Clothing and Apparel Stores	3,616.2
High Road Ilford Ltd.	Subsidiary	London	United Kingdom		0.0
Friar Street Developments Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Wallcable Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Primark Pension Administration Services Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Illovo Sugar Limited	Subsidiary	Mount Edgecombe	South Africa	Food Manufacturing	1,309.3	12,645
Illovo Sugar (Malawi) Limited	Subsidiary	Limbe	Malawi	Food Manufacturing	227.9	8,605
Ubombo Sugar Limited	Subsidiary	Big Bend	Swaziland	Food Manufacturing		3,000
Zambia Sugar plc	Subsidiary	Mazabuka	Zambia	Food Manufacturing		2,536
Orca Energy Ltd	Subsidiary	Perth, WA	Australia	Petroleum and Natural Gas Extraction	0.1	4
Illovo Distributors (Pty) Ltd	Subsidiary	Phoenix	South Africa	Travel and Reservation Services	428.9
Illovo Sugar (South Africa) Ltd	Subsidiary	Phoenix	South Africa	Food Manufacturing	0.8
Kilombero Sugar Company Ltd	Subsidiary	Kidatu	Tanzania	Food Manufacturing
Maragra Acucar SARL	Subsidiary	Maputo	Mozambique	Food Manufacturing
ABNA (Shanghai) Feed Co Ltd	Subsidiary	Shanghai	China	Food Manufacturing		10,000
George Weston Foods Limited	Subsidiary	North Ryde, NSW	Australia	Food Manufacturing	2,301.4	8,000
Weston Milling New Zealand	Subsidiary	Auckland	New Zealand	Food Manufacturing	28.3	200
Primark Holdings Ltd	Subsidiary	Dublin	Ireland	Clothing and Apparel Stores	4,625.8	3,000
British Sugar Plc	Subsidiary		Ireland	Food Manufacturing	1,653.1	2,243
George Weston Foods (NZ)	Subsidiary	Penrose	New Zealand	Food Manufacturing	242.8	1,000
Ab Azucarera Iberia Sl	Subsidiary	Madrid	Spain	Food Manufacturing	861.1	910
Tone Brothers, Inc.	Subsidiary	Ankeny, IA	United States	Food Manufacturing		650
ACH Food Co	Subsidiary	Ankeny, IA	United States	Food Manufacturing	57.5	500
Twining & Co. Ltd.	Subsidiary	Andover	United Kingdom	Holding Companies		500
Primark Deutschland GmbH	Subsidiary	Essen, Nordrhein-Westfalen	Germany	Clothing and Apparel Stores		396
Wander AG	Subsidiary	Neuenegg	Switzerland	Food Manufacturing		300
ACH Food Companies, Inc.	Subsidiary	Cordova, TN	United States	Food Manufacturing		250
Ach Foods México, S. De R.L. De C.V.	Subsidiary	Ciudad De Mexico, Distrito Federal	Mexico	Grocery Wholesale		170
ACH Food Co	Branch	Oakbrook Terrace, IL	United States	Food Manufacturing	9.7	24
ACH Food Co	Branch	Summit Argo, IL	United States	Food Manufacturing	3.6	9
Speedibake	Subsidiary	Ermington , NSW	Australia	Food Manufacturing	15.5	118
AB Mauri Australia Ltd.	Subsidiary	Camellia, NSW	Australia	Food Manufacturing	77.6	110
Mauri Yeast Australia Pty. Ltd.	Facility	Camellia, NSW	Australia	Food Manufacturing		50
Ab Mauri South West Asia Pty Limited	Subsidiary
Ab Mauri Food S.A	Subsidiary	Cordoba	Spain	Food Manufacturing	33.9	84
SPI Pharma, Inc.	Subsidiary	Wilmington, DE	United States	Basic Chemical Manufacturing	30.7	80
Westmill Foods Ltd.	Subsidiary	Manchester	United Kingdom	Miscellaneous Professional Services		75
Westmill Foods	UK Branch/Trading address	Selby	United Kingdom	Food Manufacturing		50
SPI Pharma Group	Subsidiary	Lewes, DE	United States	Basic Chemical Manufacturing	37.7	60
Spi Pharma	Subsidiary	Septemes Les Vallons	France	Basic Chemical Manufacturing	26.9	54
Allied Mills Ltd.	Subsidiary	Tilbury	United Kingdom	Miscellaneous Professional Services		60
Allied Mills	UK Branch/Trading address	Knottingley	United Kingdom	Food Manufacturing		34
Kingsgate Food Ingredients Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
James Neill Ltd.	Subsidiary	Belfast	United Kingdom	Miscellaneous Professional Services
AB Food & Beverages Australia Pty Ltd.	Subsidiary	Rowville, VIC	Australia	Food Manufacturing		52
Twinings North America Inc	Subsidiary	Clifton, NJ	United States	Food Manufacturing	5.6	20
Abf Ingredients Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services	4.2	18
St. James's Street Property Management Ltd.	Subsidiary	London	United Kingdom	Property Managers	5.1	17
Ab Enzymes Oy	Subsidiary	Rajamaki	Finland	Basic Chemical Manufacturing	2.5	14
Twinings	Subsidiary	Greensboro, NC	United States	Grocery Wholesale	13.3	9
Ab Mauri Belgium	Subsidiary	Merelbeke	Belgium	Grocery Wholesale	5.5	5
Associated British Foods Plc	UK Branch/Trading address	London	United Kingdom	Food Manufacturing	19,280.5
Ab Mauri Technology & Development Pty Limited	Subsidiary	North Ryde, NSW	Australia	Food Manufacturing	2,107.0
Abf Investments PLC	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Primark Stores Ltd.	Subsidiary	Belfast	United Kingdom		715.7	6,745
British Sugar PLC	Subsidiary	Peterborough	United Kingdom	Food Manufacturing	1,653.1	2,243
The Billington Food Group Ltd.	Subsidiary	Peterborough	United Kingdom	Grocery Wholesale		350
The Billington Food Group Ltd.	UK Branch/Trading address	Ipswich	United Kingdom	Crop and Animal Production		175
British Sugar Plc	UK Branch/Trading address	Norwich	United Kingdom	Food Manufacturing	1,653.1	133
Wereham Gravel Co. Ltd.(The)	Subsidiary	London	United Kingdom	Non-Metallic Minerals Mining	11.1
Ab Sugar Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Food Investments Ltd.	Subsidiary	Tilbury	United Kingdom	Food Manufacturing	318.8	282
Germains Seed Technology Sp Z O O	Subsidiary	Poznan	Poland	Machinery and Equipment Manufacturing	0.4	4
Allinson Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Davjon Food Ltd.	Subsidiary	London	United Kingdom	Food Manufacturing
Seedcote Systems Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Manufacturing
Abf European Holdings Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Fishers Seeds & Grain Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Wholesale
Fishers Feeds Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Allied Grain (South) Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Wholesale
Allied Grain Ltd.	UK Branch/Trading address	Diss	United Kingdom	Miscellaneous Wholesale		75
Allied Grain (Southern) Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Wholesale
John K.King & Sons Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Wholesale
Allied Grain (Scotland) Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Wholesale
Allied Grain Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Wholesale
Allied Bakeries Ltd.	Subsidiary	Maidenhead	United Kingdom	Miscellaneous Professional Services		150
Allied Bakeries	UK Branch/Trading address	Gateshead	United Kingdom	Food Manufacturing		750
Allied Bakeries Norwich	UK Branch/Trading address	Norwich	United Kingdom	Trucking		160
Allied Bakeries Ltd.	UK Branch/Trading address	Dundee	United Kingdom	Food Manufacturing		50
Allied Bakeries Ltd.	UK Branch/Trading address	Launceston	United Kingdom	Food Manufacturing		45
Allied Bakeries Ireland Ltd.	UK Branch/Trading address	Dungannon	United Kingdom	Trucking		28
A.B.F.Holdings Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services		75
Ab Agri Ltd.	Subsidiary	London	United Kingdom	Food Manufacturing	1,558.3	1,006
Premier Nutrition Products Ltd.	Subsidiary	Rugeley	United Kingdom	Food Manufacturing		175
Banbury Agriculture Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Wholesale
Abna Ltd.	Subsidiary	Walsingham	United Kingdom	Miscellaneous Professional Services		60
A B N Ltd.	UK Branch/Trading address	Cupar	United Kingdom	Food Manufacturing	1,558.3	25
Leaftc Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services	0.9	4
Abn (Scotland) Ltd.	Subsidiary	Glasgow	United Kingdom	Food Manufacturing
Nutrition Trading (International) Ltd.	Subsidiary	London	United Kingdom	Grocery Wholesale
Nutrition Trading Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Agrilines Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Personal Services
Abn (Overseas) Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Twining Crosfield & Co Ltd.	Subsidiary	Andover	United Kingdom	Miscellaneous Professional Services		750
R.Twining And Co. Ltd.	Subsidiary	Andover	United Kingdom	Grocery Wholesale	417.4	514
Twinings North America, Inc.	Subsidiary	Clifton, NJ	United States	Food Manufacturing	0.9	25
R Twining & Co Ltd.	UK Branch/Trading address	London	United Kingdom	Grocery Wholesale	417.4	15
Foods International Sas	Subsidiary	Cergy	France	Banking	127.9	95
Jacksons Of Piccadilly Ltd.	Subsidiary	London	United Kingdom	Grocery Wholesale
Cereform Ltd.	Subsidiary	London	United Kingdom	Food Manufacturing	119.5	182
Cereform Ltd.	UK Branch/Trading address	Royston	United Kingdom	Food Manufacturing	119.5	17
Pride Oils PLC	Subsidiary	London	United Kingdom	Grocery Wholesale		75
Germain's(U.K.)Ltd.	Subsidiary	King's Lynn	United Kingdom	Crop and Animal Production		75
British Sugar (Overseas) Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services		41
Bso (China) Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services		4
Bocheng Beifang Sugar Industry Co., Ltd.	Subsidiary	Nehe, Heilongjiang	China	Food Manufacturing	65.4	743
Primary Diets Ltd.	Subsidiary	Ripon	United Kingdom	Food Manufacturing		25
Nutrition Services (International) Ltd.	Subsidiary	Antrim	United Kingdom	Miscellaneous Personal Services	0.1	2
Sunblest Bakeries Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Abf Grain Products Ltd.	Subsidiary	London	United Kingdom	Food Manufacturing	1,058.2	4,925
Allied Bakeries	UK Branch/Trading address	Inverness	United Kingdom	Food Manufacturing	1,058.2	1,000
Allied Bakeries Ltd.	UK Branch/Trading address	Orpington	United Kingdom	Food Manufacturing	1,058.2	400
Allied Bakeries Ltd.	UK Branch/Trading address	Newcastle	United Kingdom	Food Manufacturing	1,058.2	220
Allied Bakeries Ltd.	UK Branch/Trading address	Stevenage	United Kingdom	Miscellaneous Manufacturing	1,058.2	220
Allied Bakeries Ltd.	UK Branch/Trading address	Bootle	United Kingdom	Miscellaneous Manufacturing	1,058.2	86
Allied Technical Centre Ltd.	Subsidiary	London	United Kingdom	Research and Development Services
Weston Research Laboratories Limited	UK Branch/Trading address	London	United Kingdom	Research and Development Services
B.E. International Foods Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
A.B.F. Properties Ltd.	Subsidiary	London	United Kingdom	Residential and Commercial Building Construction
Provincial Merchants Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Atrium 100 Stores Holdings Ltd.	Subsidiary	London	United Kingdom	Clothing and Apparel Stores
Atrium 100 Stores Ltd.	Subsidiary	London	United Kingdom
Atrium 100 Properties Ltd.	Subsidiary	London	United Kingdom	Investment Services
Jordan Bros.(N.I.) Ltd.	Subsidiary	Antrim	United Kingdom	Miscellaneous Professional Services
Ab World Foods (Holdings) Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
G. Costa (Holdings) Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
G.Costa And Co. Ltd.	Subsidiary	London	United Kingdom	Grocery Wholesale	0.0	175
Keddie Saucemasters Ltd.	Subsidiary	London	United Kingdom	Food Manufacturing		175
Zest Foods Ltd.	Subsidiary	London	United Kingdom	Food Manufacturing
Elsenham Quality Foods Ltd.	Subsidiary	London	United Kingdom	Food Manufacturing
Patak's Foods 2008 Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
The Zest Sauce Co. Ltd.	Subsidiary	London	United Kingdom	Food Manufacturing
Worldwing Investments Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services	0.0
Ab World Foods Ltd.	Subsidiary	Leigh	United Kingdom	Food Manufacturing	225.8	365
Patak's Breads Ltd.	Subsidiary	Glasgow	United Kingdom	Food Manufacturing	4.9	66
Patak's Frozen Foods Ltd.	Subsidiary	Glasgow	United Kingdom		0.0
Freezer Chef Ltd.	Subsidiary	Glasgow	United Kingdom	Food Manufacturing
Patak (Spices) Ltd.	Subsidiary	London	United Kingdom	Food Manufacturing
Korway Holdings Ltd.	Subsidiary	Glasgow	United Kingdom	Miscellaneous Professional Services
Patak's Chilled Foods Ltd.	Subsidiary	Glasgow	United Kingdom	Food Manufacturing	0.0
Korway Foods Ltd.	Subsidiary	Glasgow	United Kingdom	Food Manufacturing
The Natural Sweetness Co. Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
The Roadmap Co. Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Patak Food Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Ab Mauri (UK) Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services		53
UNIFERM GmbH & Co.	Joint Venture	Werne, Nordrhein-Westfalen	Germany	Food Manufacturing		350
Fleischmann's Yeast	Subsidiary	Chesterfield, MO	United States	Food Manufacturing	2,039.0	200
AB Mauri Fleischmann's	Branch	Memphis, TN	United States	Food Manufacturing	23.7	60
AB Mauri Fleischmann's	Branch	Greenville, TX	United States	Food Manufacturing	24.8	36
AB Mauri Baking Solutions	Branch	Wilsonville, OR	United States	Food Manufacturing	9.4	25
Gb Plange UK Ltd.	Subsidiary	Runcorn	United Kingdom	Grocery Wholesale	16.2	18
Ab Mauri Europe Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
AB Mauri UK Ltd.	Subsidiary	Dublin	Ireland	Food Manufacturing
AB Mauri Brazil	Subsidiary	Sao Paulo	Brazil	Food Manufacturing
Mitra Sugar Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services	280.9	4
Abf (No.2) Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services	0.0
A.B. Exploration Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services	2.7
Sun Blest Crumpet Co.Ltd.(The)	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Vitbe Flour Mills Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Cereal Industries Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Ab Ingredients Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Ab Technology Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Abf Japan Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Speedibake Ltd.	Subsidiary	Wakefield	United Kingdom	Miscellaneous Professional Services
Golden Harvest Biscuits Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Primary Nutrition Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
The Silver Spoon Co. Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Weston Research Laboratories Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Trident Feeds Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
The Home Grown Sugar Co. Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Sizzlers Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Sizzles Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Tip Top Bakeries Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Eurostarch Ltd.	Subsidiary	London	United Kingdom	Nonclassifiable Establishments
Primark (U.K.) Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Associated British Foods Pension Trustees Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
W C S Holdings (Ni) Ltd.	Subsidiary	Belfast	United Kingdom
Eastbow Securities Ltd.	Subsidiary	London	United Kingdom	Residential and Commercial Building Construction
Weston Foods Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Abf Overseas Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
R Twining And Company Sp Z O O	Subsidiary	Swarzedz	Poland	Grocery Stores	59.6	297
Ab Mauri Foods (Shanghai) Co., Ltd.	Subsidiary	Shanghai, Shanghai	China	Food Manufacturing	19.3	200
Casteggio Lieviti Srl	Subsidiary	Casteggio, PV	Italy	Food Manufacturing	85.0	164
Ab Food & Beverages Philippines Incorporated	Subsidiary	Taguig	Philippines	Grocery Wholesale		5
Vistavet Ltd.	Subsidiary	Antrim	United Kingdom	Miscellaneous Professional Services	0.0	2
Abf (UK) Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Primark Mode Ltd.	Subsidiary	London	United Kingdom	Holding Companies
Abf Hk Finance Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Primark Austria Ltd.	Subsidiary	London	United Kingdom	Holding Companies
Abf Mxn Finance Ltd.	Subsidiary	London	United Kingdom	Banking
Primark Stil Ltd.	Subsidiary	London	United Kingdom	Holding Companies
Ab Mauri Row Holdings Pty Limited	Subsidiary
Mauri Fermentation India Pty Limited	Subsidiary	Sydney, NSW	Australia	Holding Companies	1.3
Mauri Fermentation Brazil Pty Limited	Subsidiary
Ab Brasil Industria E Comercio de Alimentos	Subsidiary	Sao Paulo, Sao Paulo	Brazil	Food Manufacturing	228.9	350
Mauri Fermentation Malaysia Pty Ltd	Subsidiary
Ab Mauri Malaysia Sdn. Bhd.	Subsidiary	Balakong, Selangor	Malaysia	Food Manufacturing	21.8	200
Serpentine Securities Ltd.	Subsidiary	London	United Kingdom	Residential and Commercial Building Construction
Abf (No.3) Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Abf (No.1) Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Abf Finance Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Weston Biscuit Co. Ltd.(The)	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Abf Grocery Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Park North Investments Ltd.	Subsidiary	London	United Kingdom	Banking
Ab Mauri Netherlands European Holdings B.V.	Subsidiary	Amsterdam Zuidoost, Noord-Holland	Netherlands	Banking
Mauri Maya Sanayi A S	Subsidiary	Balikesir	Turkey	Food Manufacturing		57
Chibnalls Holdings Ltd.	Subsidiary	London	United Kingdom	Banking
Abna Feed Co. Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Abf Funding	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Abf Us Investments Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Abf Us Finance Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Ab Agri Ltd.	Subsidiary	Lisburn	United Kingdom		1,122.9	1,534
Fortnum & Mason PLC	Subsidiary	London	United Kingdom	Grocery Stores	93.8	504
F. & M. Ltd.	Subsidiary	London	United Kingdom	Grocery Stores
Fortnums Ltd.	Subsidiary	London	United Kingdom	Grocery Stores
Food Investments Ltd.	Subsidiary	Belfast	United Kingdom	Architecture and Engineering	390.4	258
Haugen - Gruppen AS	Subsidiary	Vestby, Akershus	Norway		141.5	81
Richmond Hill Hotel (Operations) Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services	10.5	53
Globe Community Project	Subsidiary	London	United Kingdom	Miscellaneous Educational Services		7
Wittington Investments (Properties) Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services	10.1
Wittington Investments (Richmond Hill Hotel) Ltd.	Subsidiary	London	United Kingdom	Residential Real Estate Leasing	2.6
Wittington Investments (Bvii) Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services	0.0
Wittington Investments (Fapi) Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services	0.0
W. Jordan & Son (Silo) Ltd.	Subsidiary	London	United Kingdom	Storage and Warehousing
W.Jordan (Cereals) Ltd.	Subsidiary	Biggleswade	United Kingdom	Food Manufacturing		250
Parkstone Bakeries Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
The Jordans & Ryvita Co. Ltd.	Subsidiary	Poole	United Kingdom	Food Manufacturing	218.0	544
Howard Investments Ltd.	Subsidiary	London	United Kingdom	Banking
Wilh (Investments) Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Heal's Holdings Ltd.	Subsidiary	London	United Kingdom	Holding Companies	0.0
Heal's PLC	Subsidiary	London	United Kingdom	Holding Companies	39.7	236
Heal & Son Ltd.	Subsidiary	London	United Kingdom	Home Furnishings Retail	39.7	236
Heal's Pension Fund Trustees Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Heal's Finance Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Ambrose Retail Ltd.	Subsidiary	London	United Kingdom	Non-store Retail
Wittington Investments (Bspf) Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Fortnum & Mason (Export) Ltd.	Subsidiary	London	United Kingdom	Grocery Stores
Fortnum And Mason (London) Ltd.	Subsidiary	London	United Kingdom	Grocery Stores
Wittington Investment (Sand Aire) Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
George Weston Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Wittington Investments (Coller) Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Portelet Investments Ltd.	Subsidiary	Jersey	United Kingdom
Soublier Investments Ltd.	Subsidiary	Jersey	United Kingdom
Beauvallet Investments Ltd.	Subsidiary	Jersey	United Kingdom	Holding Companies
Bonuit Investments Ltd.	Subsidiary	Jersey	United Kingdom	Holding Companies
Wittington Investments (Ppe Iv) Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Abf Lux Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Wittington Investments (Bestport) Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Wittington Investments (Dunedin) Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Wittington Investments (Next Wave) Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Abf Victoria Park	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Wittington Investments (Wpx) Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Wittington Investments (Ocp) Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Wittington Investments (Wheb) Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Wittington Investments (Vo1) Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Wittington Investments (Harbourvest) Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Wittington Investments (Careplaces) Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Wittington Investments (Developments) Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Tango Real Estate LLP	Subsidiary	Solihull	United Kingdom	Miscellaneous Professional Services
Wittington Investments (Bviii) Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Mountsfield Park Finance Ltd.	Subsidiary	London	United Kingdom	Banking
Wittington Investments (Ppe V) Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Wittington Investments (Reof) Ltd	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Wittington Investments (17) Ltd.	Subsidiary	London	United Kingdom	Miscellaneous Professional Services
Wittington Investments (Apollo) Ltd.	Subsidiary	London	United Kingdom
Wittington Investments (Graphite) Ltd.	Subsidiary	London	United Kingdom

Executives Report

Board of Directors

Name	Title	Function
John George Bason	Finance Director, Director	Director/Board Member
Age: 56
Bernard John Michael Mansfield	Sales Director, Director	Director/Board Member
Age: 59
Breege O'Donoghue	Company DIrector	Director/Board Member
Rosalyn Sharon Schofield	Secretary	Director/Board Member
Age: 57

Executives

Name	Title	Function
Paul Marchant	Chief Executive Officer	Chief Executive Officer
Rosalyn Medelson	Company Secretary	Division Head Executive
Jill Brown	General Office Manager	Administration Executive
Rosalyn Sharon Schofield	Secretary	Company Secretary
Age: 57
John George Bason	Finance Director, Director	Finance Executive
Age: 56
Aidan Shield	Finance Director	Finance Executive
Fiona Cottle	Human Resource Manager	Human Resources Executive
Bernard John Michael Mansfield	Sales Director, Director	Sales Executive
Age: 59
James Owen	IT Manager	Engineering/Technical Executive

Directors and Shareholders Report

Main Office Address: Primark House 41 West Street Reading United Kingdom RG1 1TT

Tel: 0118 960 6300 Fax: 01189606301 URL: http://www.primark.co.uk

Annual Return Date: 03 Jul 2013 Total Issued Capital (GBP 000): 50,000

Individual Directors
Name	Status	DOB	Filed Address	Appointment Date	Resignation Date	Summary of Directorships
Bernard John Michael Mansfield	Current	24 Aug 1954	Ash Lodge, 173 Clare Road, Craigavon, County Armagh BT66 7SE	05 Jan 2004	NA	Current:3 Previous:0 Disqualifications:0
John George Bason	Current	24 Apr 1957	15 Strawberry Hill Road, Twickenham, Twickenham, Middlesex TW1 4QB	27 Jul 2000	NA	Current:21 Previous:25 Disqualifications:0
Arthur St John Ryan	Previous	19 Jul 1935	60 Lansdowne Road, Ballsbridge, Dublin	01 Jul 1999	16 Jul 2007	Current:1 Previous:2 Disqualifications:0
Patrick Brendan Prior	Previous	23 May 1943	B2 Longmead Business Centre Blenheim Road, Epsom, Surrey KT19 9QQ	03 Jul 1991	16 Jul 2007	Current:4 Previous:7 Disqualifications:0
Seamus Michael Halford	Previous	30 Jan 1945	7 Torquay Wood, Leopardstown, Foxrock, Dublin 18	05 Jan 2004	16 Jul 2007	Current:0 Previous:1 Disqualifications:0
Lee Rendall	Previous	23 Jan 1964	Bramston, Summerhill Lane, Haywards Heath, West Sussex RH16 1RW	10 Sep 1999	26 Jul 2000	Current:0 Previous:26 Disqualifications:0
Peter Andrew Russell	Previous	12 Sep 1957	27 Valley Road, Rickmansworth, Rickmansworth, Hertfordshire WD3 4DT	27 Jul 2000	16 Jul 2007	Current:70 Previous:3 Disqualifications:0
Trevor Henry Montague Shaw	Previous	28 Sep 1933	115 North Hill, Highgate, London , London N6 4DP	03 Jul 1991	31 May 2000	Current:0 Previous:29 Disqualifications:0
Peter Edmund Patchett	Previous	11 Jan 1934	11 Princes Avenue, Carshalton, Surrey SM5 4NZ	03 Jul 1991	10 Sep 1999	Current:0 Previous:28 Disqualifications:0

Corporate Directors

There are no corporate directors for this company.

Individual Secretaries
Name	Status	DOB	Filed Address	Appointment Date	Resignation Date	Summary of Directorships
Rosalyn Sharon Schofield	Current	18 Sep 1956	45 Oakleigh Park South, London, Whetstone, London N20 9JR	13 Aug 2001	NA	Current:186 Previous:15 Disqualifications:0
Catherine Mary Springett	Previous	06 Oct 1957	Caledonian Exchange 19A Canning Street, Edinburgh, Edinburgh, City of EH3 8HE	01 Mar 2001	24 Jul 2001	Current:0 Previous:196 Disqualifications:0
Simon Joseph Smith	Previous	NA	34 Winkworth Road, Banstead, Surrey SM7 2QL	14 Jul 2006	29 Sep 2006	Current:0 Previous:65 Disqualifications:0
Jessica Sophie Foster	Previous	04 Mar 1971	79B Huddleston Road, London , London N7 0AE	NA	01 Mar 2001	Current:0 Previous:89 Disqualifications:0
Lyn Richardson	Previous	NA	Honey Cottage, Hatton Fields, Sutton Lane, Derby, Derbyshire DE65 5GQ	24 Jul 2001	13 Aug 2001	Current:0 Previous:83 Disqualifications:0
Malcolm Raymond Gore	Previous	12 Jun 1934	3 Branksome Way, Harrow, Middlesex HA3 9SH	NA	11 Jun 1999	Current:0 Previous:83 Disqualifications:0
William Bernard Wright	Previous	25 May 1937	1A Kingsfield Road, Oxhey, Watford, Hertfordshire WD1 4PP	18 Apr 1979	14 Jul 2000	Current:0 Previous:87 Disqualifications:0

Corporate Secretaries

There are no corporate secretaries for this company.

Individual Shareholders

There are no individual shareholders for this company.

Corporate Shareholders
Company Name	Registration Number	Share Details (As Reported)	Share Type	# of Shares	Share Price (GBP)	Share Value (GBP)	% of Total Shares
ABF Investments Plc	00306672	50000000 Ordinary GBP 1.00	Ordinary	50,000,000	1.00	50,000,000.00	100.00

News

Primark and Next about to open new Crawley stores in County Mall Crawley News (689 Words)	13-Nov-2013
MAPIC: Primark opens largest Portuguese store PropertyEU (76 Words)	12-Nov-2013
Sugar ethics hard to stomach Taranaki Daily News (695 Words)	12-Nov-2013
Poor yields bring fall in firms sugar profits Bury Free Press (99 Words)	12-Nov-2013
The Bitterness of Sugar Project Syndicate (870 Words)	11-Nov-2013
Talkback: Primark says sorry to breastfeeding mum Made For Mums (373 Words)	11-Nov-2013
WANDERED round Primark in a Mail on Sunday (UK) (117 Words)	10-Nov-2013
Business Agenda: PEOPLE Observer (UK) (246 Words)	10-Nov-2013
Primark & Chanel, Marks and Spencer, Morrisons, Octobers record online sales Leon Bailey Green (494 Words)	08-Nov-2013
Party in my Primark pants high street fashion house gets sexy for Christmas Now Magazine (182 Words)	08-Nov-2013
FTSE AIM watch: Blinkxs shares continue climbing Invezz (535 Words)	08-Nov-2013

Annual Profit & Loss

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	15-Sep-2012	17-Sep-2011	18-Sep-2010	12-Sep-2009	13-Sep-2008
Period Length	52 Weeks	52 Weeks	53 Weeks	52 Weeks	52 Weeks
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate (Period Average)	0.635461	0.622782	0.642036	0.644601	0.505422
Consolidated	No	No	No	No	No
Total Turnover	3,616.2	3,366.2	3,092.9	2,704.0	3,034.7
Cost of Sales	3,038.5	2,792.7	2,491.5	2,223.2	2,487.1
Gross Profit	577.7	573.5	601.4	480.8	547.6
Depreciation	0.1	111.8	113.0	103.1	109.2
Other Expenses	295.5	289.2	291.7	347.4	396.7
Other Income	7.8	6.6	6.4	5.7	16.1
Interest Paid	26.4	21.1	17.2	59.6	110.3
Exceptional Income	0.0	0.0	0.0	0.0	0.0
Discontinued Operations	0.0	0.0	0.0	0.0	0.0
Profit Before Taxes	263.6	269.9	298.9	79.6	56.8
Tax Payable / Credit	79.8	71.6	146.2	33.3	27.6
Extraordinary Items/Debits	0.0	0.0	0.0	0.0	0.0
Dividends	170.0	2,649.4	39.7	19.4	82.1
Profit After Taxes	13.8	-2,451.1	113.0	26.8	-53.0
Minority Interests (Profit & Loss)	0.0	0.0	0.0	0.0	0.0
Audit Fees	0.1	0.2	0.2	0.3	0.3
Number of Employees	27,065	25,575	23,707	21,827	20,849
Wages	364.0	317.1	298.2	264.2	315.6
Social Security Costs	18.3	16.7	14.6	13.8	16.9
Other Pension Costs	9.4	9.1	8.4	7.3	10.2
Employees Remuneration	391.7	342.9	321.3	285.3	342.7
Directors Remuneration	1.6	1.1	0.9	0.4	0.6

Annual Balance Sheet

Financials in: USD (mil)

	15-Sep-2012	17-Sep-2011	18-Sep-2010	12-Sep-2009	13-Sep-2008
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate	0.620567	0.633132	0.639611	0.598659	0.559989
Consolidated	No	No	No	No	No
Land & Buildings	1,103.0	1,047.0	983.5	1,015.1	984.0
Fixtures & Fittings	840.9	798.0	696.4	738.4	797.1
Plant & Vehicles	0.0	0.0	0.0	0.0	0.0
Total Tangible Fixed Assets	1,943.9	1,844.9	1,680.0	1,753.5	1,781.1
Intangible Assets	0.0	0.0	0.0	0.0	0.0
Investments	1.7	1.6	1.6	1.7	1.8
Total Fixed Assets	1,945.5	1,846.5	1,681.6	1,755.2	1,782.9
Stocks	524.8	570.6	423.5	433.8	387.3
Work in Progress	0.0	0.0	0.0	0.0	0.0
Total Stocks Work In Progress	524.8	570.6	423.5	433.8	387.3
Trade Debtors	0.0	0.0	0.0	0.0	0.0
Inter-Company Debtors	15.2	1.6	12.6	0.0	0.0
Director Loans	0.0	0.0	0.0	0.0	0.0
Other Debtors	1.9	49.8	32.0	49.4	90.2
Total Debtors	17.1	51.5	44.6	49.4	90.2
Cash and Equivalents	50.1	42.9	32.6	37.0	32.8
Other Current Assets	0.0	0.0	0.0	0.0	0.0
Total Current Assets	592.0	665.0	500.8	520.2	510.3
Total Assets	2,537.6	2,511.5	2,182.3	2,275.5	2,293.2
Trade Creditors	190.5	187.2	160.3	158.1	154.9
Bank Overdraft	-	1.4	1.1	13.2	1.5
Inter-Company Creditors	1,718.0	1,743.8	1,313.2	1,586.0	1,637.9
Director Loans (Current Liability)	-	0.0	0.0	0.0	-
Hire Purchase (Current Liability)	0.0	0.0	0.0	0.0	0.0
Finance Lease (Current Liability)	0.1	0.0	0.0	0.0	0.0
Total Finance Lease/Hire Purchase (Current Liability)	0.1	0.0	0.0	0.0	0.0
Total Short Term Loans	6.4	0.0	0.0	0.0	-
Accruals/Deferred Income (Current Liability)	104.1	114.3	110.6	91.3	99.5
Social Security/VAT	70.6	27.0	28.7	51.1	49.3
Corporation Tax	47.0	54.7	125.2	27.8	6.4
Dividends (Current Liability)	-	0.0	0.0	0.0	-
Other Current Liabilities	24.1	26.6	22.5	14.4	17.2
Total Current Liabilities	2,160.7	2,155.1	1,761.7	1,941.9	1,966.8
Group Loans (Long Term Liability)	0.0	0.0	0.0	0.0	0.0
Director Loans (Long Term Liability)	0.0	0.0	0.0	0.0	0.0
Hire Purchase (Long Term Liability)	0.0	0.0	0.0	0.0	0.0
Leasing (Long Term Liability)	21.3	19.2	19.0	20.4	28.1
Total Hire Purchase Loans (Long Term Liability)	21.3	19.2	19.0	20.4	28.1
Other Long Term Loans	0.0	0.0	0.0	0.0	0.0
Accruals/Deferred Income (Long Term Liability)	0.0	0.0	0.0	0.0	0.0
Other Long Term Liabilities	0.0	2.4	2.9	4.9	0.0
Total Long Term Liabilities	21.3	21.6	21.9	25.3	28.1
Deferred Taxation	52.2	52.1	53.9	61.6	65.7
Other Provisions	0.0	0.0	0.0	0.0	0.0
Total Provisions	52.2	52.1	53.9	61.6	65.7
Issued Capital	80.6	79.0	78.2	83.5	89.3
Share Premium Accounts	0.0	0.0	0.0	0.0	0.0
Revaluation Reserve	0.0	0.0	0.0	0.0	0.0
Retained Earnings	221.2	202.9	265.8	162.8	143.1
Other Reserves	1.6	0.9	0.8	0.4	0.2
Minority Interests (Balance Sheet)	0.0	0.0	0.0	0.0	0.0
Total Shareholders Funds	303.3	282.7	344.8	246.7	232.6
Net Worth	303.3	282.7	344.8	246.7	232.6

Annual Cash Flows

Financials in: USD (mil)

	15-Sep-2012	17-Sep-2011	18-Sep-2010	12-Sep-2009	13-Sep-2008
Period Length	52 Weeks	52 Weeks	53 Weeks	52 Weeks	52 Weeks
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate (Period Average)	0.635461	0.622782	0.642036	0.644601	0.505422
Consolidated	No	No	No	No	No

Annual Ratios

Financials in: USD (mil)

	15-Sep-2012	17-Sep-2011	18-Sep-2010	12-Sep-2009	13-Sep-2008
Period Length	52 Weeks	52 Weeks	53 Weeks	52 Weeks	52 Weeks
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate	0.620567	0.633132	0.639611	0.598659	0.559989
Consolidated	No	No	No	No	No
Current Ratio	0.27	0.31	0.28	0.27	0.26
Liquidity Ratio	0.03	0.04	0.04	0.04	0.06
Stock Turnover	706.00	580.00	719.00	671.00	707.00
Working Capital by Sales	-4,236.00%	-4,500.00%	-4,140.00%	-4,883.00%	-5,318.00%
Return on Capital	7,163.00%	7,447.00%	6,998.00%	2,568.00%	1,569.00%
Return on Assets	1,064.00%	1,057.00%	1,349.00%	376.00%	223.00%
Profit Margin	729.00%	802.00%	966.00%	294.00%	187.00%
Return on Shareholders Funds	8,900.00%	9,388.00%	8,538.00%	3,473.00%	2,202.00%
Borrowing Ratio	57,560.00%	62,402.00%	38,671.00%	65,660.00%	71,691.00%
Equity Gearing	1,195.00%	1,126.00%	1,580.00%	1,084.00%	1,014.00%
Debt Gearing	7.04%	6.78%	5.52%	8.25%	12.10%
Interest Coverage	999.00	1,280.00	1,734.00	133.00	51.00
Sales by Tangible Assets	190.00	179.00	181.00	166.00	154.00
Average Remuneration per Employee	0.0	0.0	0.0	0.0	0.0
Profit per Employee	0.0	0.0	0.0	0.0	0.0
Sales per Employee	0.1	0.1	0.1	0.1	0.1
Capital Employed per Employee	0.0	0.0	0.0	0.0	0.0
Tangible Assets per Employee	0.1	0.1	0.1	0.1	0.1
Total Assets per Employee	0.1	0.1	0.1	0.1	0.1
Employee Remuneration by Sales	1,083.00%	1,019.00%	1,039.00%	1,055.00%	1,129.00%
Creditor Days (Cost of Sales Based)	2,234.00	2,487.00	2,384.00	2,411.00	2,519.00
Creditor Days (Sales Based)	1,877.00	2,063.00	1,921.00	1,982.00	2,064.00

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.59
UK Pound	1	Rs.101.56
Euro	1	Rs.85.15

INFORMATION DETAILS

Report Prepared by :

SDA

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%) Maret trend (10%) Operational size (10%)

MIRA INFORM REPORT

PRELIMINARY REPORT

Report Date :

13.11.2013

IDENTIFICATION DETAILS

Name :	PRIME URBAN DEVELOPMENT INDIA LIMITED (w.e.f.05.07.2010)
Formerly Known As :	PRIME TEXTILES LIMITED
Registered Office :	110, Avanashi Road, Gandhi Nagar Post, Tirupur – 641603, Tamilnadu
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	16.11.1936
Com. Reg. No.:	18-000001
Capital Investment / Paid-up Capital :	Rs. 45.487 Millions
CIN No.: [Company Identification No.]	L70200TZ1936PLC000001
Legal Form :	A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.
Line of Business :	Real Estate developer and Exporter of Cotton Yarns.
No. of Employees :	Not Available

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^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

INDIAN ECONOMIC OVERVIEW

We are living in a world where volatility and uncertainty have become the New Normal. We saw a change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once powerful countries in Europe are now fighting for bankruptcy. We have taken growth in the developing part of the world for granted but economic growth in China and India has begun to slow. Companies that were synonymous with their product categories just a few years ago are now no longer in existence. Kodak, the inventor of the digital camera had to wind up its operations, HMV, the British entertainment retailing company and Borders, once the second largest bookstore have shut down due to their inability to evolve their business models with the changing time. Readers’ Digest, Thomson Register are no more !

There is another megatrend happening. The World order is changing as economic power shifts from West to East. According to McKinsey study, it took Britain more than 100 years to double its economic output per person during its industrial revolution and the US later took more than 50 years to do the same. More than a century later, China and India have doubled their GDP per capital in 12 and 18 years respectively. By 2020, emerging Asia will become the world’s largest consuming block, overtaking North America.

The years after the outbreak of the global financial crisis, the world economy continues to remain fragile. The Indian economy demonstrated remarkable resilience in the initial years of the contagion but finally lost ground last year. GDP growth slowed down. Currency has been weakening. There is a marked deceleration in agriculture, industry and services. Dampening sentiment led to a cut-back in investment as well as private consumption expenditure.  Inflation remained at high levels fuelled by the pressure from the food and fuel sectors. The large fiscal and current account deficit s continued to cause grave concern. It is imperative that India regains its growth trajectory of 8-9 % sooner than later. This is crucially important given the need to create gainful livelihood opportunities for the millions living in poverty as also the large contingent of young people joining the job market every year.

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

LOCATIONS

Registered Office :	110, Avanashi Road, Gandhi Nagar Post, Tirupur – 641603, Tamilnadu
Tel. No.:	91-421-2470065/4307800
Fax No.:	91-421-2471463
E-Mail :	prime@ptlonline.com
Website :	www.ptlonline.com
Corporate Office:	307, Regent Chamber, Nariman Point, Mumbai – 400021, Maharashtra, India

DIRECTORS

As on 31.03.2012

Name :

Mr. Purusottamdas Patodia

Designation :

Chairman and Managing Director

Address :

72, Mount Unique, 62 A, Peddar Raod, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

01.02.1938

Date of Appointment :

01.04.2013

Election Commission Identity Card No:

MT/04/02/4258951

DIN No.:

00032088

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U67120WB1961PTC025238	MADAN LAL BRIJ LAL PRIVATE LIMITED	Director	23/09/1961	23/09/1961	04/02/2011	Active	NO
2	U91110MH1921NPL000940	COTTON ASSOCIATION OF INDIA	Director	14/06/1984	14/06/1984	31/12/2008	Active	NO
3	U17118WB1988PLC044153	ANJANA SYNTEX COMPANY LIMITED	Director	13/04/1988	13/04/1988	-	Active	NO
4	L70200TZ1936PLC000001	PRIME URBAN DEVELOPMENT INDIA LIMITED	Managing director	01/04/2013	14/05/1988	-	Active	NO
5	U67120WB1988PLC044207	PAT CREDIT LIMITED	Director	23/04/1989	23/04/1989	-	Active	NO
6	U17120MH1967PLC013669	CONFEDERATION OF INDIAN TEXTILE INDUSTRY	Director	18/09/1997	18/09/1997	18/09/2009	Active	NO
7	U17219AP2006PLC051271	PRIME HOMETEX INDUSTRIES (INDIA) LIMITED	Director	27/09/2006	27/09/2006	25/01/2012	Active	NO
8	U80903DL2006PLC155825	APPTEX MANPOWER DEVELOPMENT SERVICES LIMITED	Director	30/05/2008	18/10/2007	23/10/2008	Active	NO

Name :

Mr. Manoj Kumar Patodia

Designation :

Chairman and Managing Director

Address :

61, Mount Unique, 62 A, Peddar Raod, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

28.01.1964

Date of Appointment :

01.04.2013

Election Commission Identity Card No:

MT/04/024/258176

DIN No.:

00026455

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L70200TZ1936PLC000001	PRIME URBAN DEVELOPMENT INDIA LIMITED	Managing director	01/04/2013	19/10/1989	-	Active	NO
2	U01712TZ1996PLC006934	MANOJ YARN PROCESSORS LIMITED	Director	08/02/1996	08/02/1996	-	Active	NO
3	U65910TZ1996PLC007068	ATL TEXTILE PROCESSORS LIMITED	Director	22/03/1996	22/03/1996	-	Active	NO
4	U91110MH1954NPL009385	THE COTTON TEXTILES EXPORT PROMOTION COUNCIL	Director	30/09/2005	30/09/2005	-	Active	NO
5	U17118WB1988PLC044153	ANJANA SYNTEX COMPANY LIMITED	Director	01/02/2006	01/02/2006	-	Active	NO
6	U67120WB1988PLC044207	PAT CREDIT LIMITED	Director	01/02/2006	01/02/2006	-	Active	NO
7	U17219AP2006PLC051271	PRIME HOMETEX INDUSTRIES (INDIA) LIMITED	Director	27/09/2006	27/09/2006	25/01/2012	Active	NO
8	U40102TZ2008PLC014198	PRIME VISTA POWER GENERATION LIMITED	Director	05/02/2008	05/02/2008	-	Active	NO
9	U45201TZ2008PTC014208	PRIME TEAM3 PROJECT DEVELOPMENT INTERNATIONAL PRIVATE LIMITED	Director	07/02/2008	07/02/2008	-	Active	NO
10	U70101TZ2008PTC014230	PATODIA DEVELOPERS PRIVATE LIMITED	Director	15/02/2008	15/02/2008	-	Active	NO
11	U70101TZ2008PTC014204	KNITCITY REALTIES COMPANY PRIVATE LIMITED	Director appointed in casual vacancy	30/06/2011	30/06/2011	-	Converted to LLP and dissolved	NO

Name :

Mr. Anuj Patodia

Designation :

Managing director

Address :

72, Mount Unique, 62 A, Peddar Raod, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

24.02.1973

Date of Appointment :

30.06.2009

Election Commission Identity Card No:

MT/04/024/258957

DIN No.:

00026458

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U01119MH1993PLC074630	PURAV TRADING LIMITED	Director	21/10/1993	21/10/1993	-	Active	NO
2	U70101TZ1989PLC002347	AADARSH JANN AAWAASH LIMITED	Director	01/04/1995	01/04/1995	-	Active	NO
3	U17111TZ1995PLC006750	PEE DEE YARN PROCESSORS LIMITED	Director	06/12/1995	06/12/1995	-	Active	NO
4	U65910TZ1996PLC007068	ATL TEXTILE PROCESSORS LIMITED	Director	22/03/1996	22/03/1996	-	Active	NO
5	U18101TZ1997PTC008024	ATL - SELINA INNERWEAR PRIVATE LIMITED	Director	09/07/1997	09/07/1997	-	Strike off	NO
6	U17118WB1988PLC044153	ANJANA SYNTEX COMPANY LIMITED	Director	01/12/1997	01/12/1997	-	Active	NO
7	U67120WB1988PLC044207	PAT CREDIT LIMITED	Director	01/12/1997	01/12/1997	-	Active	NO
8	L70200TZ1936PLC000001	PRIME URBAN DEVELOPMENT INDIA LIMITED	Managing director	30/06/2009	21/06/2002	-	Active	NO
9	U17219AP2006PLC051271	PRIME HOMETEX INDUSTRIES (INDIA) LIMITED	Director	27/09/2006	27/09/2006	25/01/2012	Active	NO
10	U40102TZ2008PLC014198	PRIME VISTA POWER GENERATION LIMITED	Director	05/02/2008	05/02/2008	-	Active	NO
11	U45201TZ2008PTC014208	PRIME TEAM3 PROJECT DEVELOPMENT INTERNATIONAL PRIVATE LIMITED	Director	07/02/2008	07/02/2008	-	Active	NO
12	U70101TZ2008PTC014204	KNITCITY REALTIES COMPANY PRIVATE LIMITED	Director	07/02/2008	07/02/2008	-	Converted to LLP and dissolved	NO
13	L25200MH1980PLC022812	SAFARI INDUSTRIES (INDIA) LIMITED	Director	31/07/2012	18/04/2012	-	Active	NO

Name :

Mr. N K Bafna

Designation :

Independent Director

Address :

43, Jolly Maker Aprtment No. 2, 94 Cuffe Parade, Opposite World Trade centre, Mumbai – 400005, Maharashtra, India

Date of Birth/Age :

03.07.1939

Date of Appointment :

26.08.1994

Election Commission Identity Card No:

MT/04/019/039181

DIN No.:

00019372

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L70200TZ1936PLC000001	PRIME URBAN DEVELOPMENT INDIA LIMITED	Director	26/08/1994	26/08/1994	-	Active	NO
2	L18101KL1991PLC006194	PATSPIN INDIA LTD	Director	20/06/2000	20/06/2000	-	Active	NO
3	U74140MH2004PLC148859	NATIONAL COLLATERAL MANAGEMENT SERVICES LIMITED	Director	12/03/2005	12/03/2005	-	Active	NO
4	L18101KL2005PLC018062	GTN TEXTILES LIMITED	Director	25/07/2008	15/05/2008	-	Active	NO

Name :

Mr. Banwari Lal Singhal

Designation :

Independent Director

Address :

599B, O Block, New Alopore, Kolkata – 700053, West Bengal, India

Date of Birth/Age :

15.04.1947

Date of Appointment :

15.05.1988

DIN No.:

00006433

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L70200TZ1936PLC000001	PRIME URBAN DEVELOPMENT INDIA LIMITED	Director	15/05/1988	15/05/1988	-	Active	NO
2	U67190WB1990PTC048536	M B CREDIT PRIVATE LIMITED	Director	08/03/1990	08/03/1990	-	Amalgamated	NO
3	U67120WB1989PTC046638	PRITI CREDIT PRIVATE LIMITED	Director	15/07/1992	15/07/1992	-	Active	NO
4	U67120KL1981PLC013244	GTN ENTERPRISES LIMITED	Director	21/06/1994	21/06/1994	-	Active	NO
5	U67120WB1995PTC072283	BLS SECURITIES PRIVATE LIMITED	Director	22/06/1995	22/06/1995	-	Active	NO
6	L18101KL1991PLC006194	PATSPIN INDIA LIMITED	Director	20/06/2000	20/06/2000	-	Active	NO
7	U65910TZ1996PLC007068	ATL TEXTILE PROCESSORS LIMITED	Director	01/01/2005	01/01/2005	-	Active	NO
8	L18101KL2005PLC018062	GTN TEXTILES LIMITED	Director	08/04/2005	08/04/2005	-	Active	NO
9	L18101AP1962PLC054323	GTN INDUSTRIES LIMITED	Director	22/11/2006	22/11/2006	-	Active	NO

Name :

Mr. Venkatchalam Arakoni Ramaswamy

Designation :

Independent Director (w .e.f. 26.7.201 1)

Address :

142, 14^th Floor, Beach Tower, P Balu Road, Prabahdevi, Mumbai – 400025, Maharashtra, India

Date of Birth/Age :

12.08.1966

Date of Appointment :

26.07.2011

DIN No.:

00008509

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L99999MH1995PLC094641	EDELWEISS FINANCIAL SERVICES LIMITED	Whole-time director	01/04/2008	20/02/1996	-	Active	NO
2	U72900MH1999PLC121825	ICLEO COM LIMITED	Director	24/12/1999	24/12/1999	-	Strike off	NO
3	U72200MH2000PLC124096	EDELWEISS INSURANCE BROKERS LIMITED	Director	08/02/2000	08/02/2000	07/02/2011	Active	NO
4	U67110AP1993PLC052266	EDELWEISS SECURITIES LIMITED	Director	26/12/2000	26/12/2000	22/03/2010	Active	NO
5	U65910MH2006PTC162818	IVY FINANCIAL SERVICES PRIVATE LIMITED	Director	23/06/2006	23/06/2006	-	Active	NO
6	U72200MH1992PTC066379	EXACTUS CORPORATION PRIVATE LIMITED	Director	28/09/2007	28/11/2006	07/06/2011	Active	NO
7	U65991MH2007PLC173409	EDELWEISS ASSET MANAGEMENT LIMITED	Director	23/08/2007	23/08/2007	30/10/2007	Active	NO
8	U67100MH2007PLC173779	EDELWEISS TRUSTEESHIP COMPANY LIMITED	Director	03/09/2007	03/09/2007	30/10/2007	Active	NO
9	U67100MH2007PLC174759	EDELWEISS ASSET RECONSTRUCTION COMPANY LIMITED	Director	05/10/2007	05/10/2007	13/08/2008	Active	NO
10	U67190MH2008PLC182205	EDELWEISS ALTERNATIVE ASSET ADVISORS LIMITED	Director	14/05/2008	14/05/2008	-	Active	NO
11	U74140MH2008PLC182920	EDELWEISS INVESTMENT ADVISER LIMITED	Director	30/05/2008	30/05/2008	-	Active	NO
12	U66010MH2009PLC197336	EDELWEISS TOKIO LIFE INSURANCE COMPANY LIMITED	Director	29/07/2010	25/11/2009	-	Active	NO
13	U67110MH2010PLC202149	STYRAX COMMODITIES LIMITED	Director	02/09/2011	17/04/2010	09/01/2012	Active	NO
14	L70200TZ1936PLC000001	PRIME URBAN DEVELOPMENT INDIA LIMITED	Director	26/07/2011	26/07/2011	-	Active	NO
15	U45201AP2006PLC078157	EDELWEISS COMMODITIES SERVICES LIMITED	Director	24/07/2013	01/07/2013	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.06.2013

Category of Shareholders	No. of Shares	Percentage of Holding
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Individuals / Hindu Undivided Family	2993006	13.16
Bodies Corporate	12019350	52.85
Sub Total	15012356	66.01
(2) Foreign
Total shareholding of Promoter and Promoter Group (A)	15012356	66.01
(B) Public Shareholding
(1) Institutions
Mutual Funds / UTI	25000	0.11
Sub Total	25000	0.11
(2) Non-Institutions
Bodies Corporate	1144129	5.03
Individuals
Individual shareholders holding nominal share capital up to Rs. 0.100 Million	3507169	15.42
Individual shareholders holding nominal share capital in excess of Rs. 0.100 Million	2152492	9.46
Any Others (Specify)	902454	3.97
Directors & their Relatives & Friends	94713	0.42
Non Resident Indians	64707	0.28
Clearing Members	16365	0.07
Hindu Undivided Families	725669	3.19
Trusts	1000	0.00
Sub Total	7706244	33.88
Total Public shareholding (B)	7731244	33.99
Total (A)+(B)	22743600	100.00
(C) Shares held by Custodians and against which Depository Receipts have been issued	0	0.00
(1) Promoter and Promoter Group	0	0.00
(2) Public	0	0.00
Sub Total	0	0.00
Total (A)+(B)+(C)	22743600	0.00

BUSINESS DETAILS

Line of Business :

Real Estate developer and Exporter of Cotton Yarns.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Central Bank of India

Facilities :

Secured Loan	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. in Millions)
Long-term Borrowings
Deferred payment liabilities Hire-purchase loan	1.171	0.857
Short-term borrowings
Loan repayable on demand From Banks	2.152	7.561
Total	3.323	8.418
Note: LONG-TERM BORROWINGS Nature of Security : Hire purchase loans are secured against vehicles acquired. Terms of Repayment : Hire purchase loan liabilities and terms to pay last installment due is on 1.9.2016 and rate of interest is 11% per annum SHORT-TERM BORROWINGS Nature of Security : Secured loans are secured against hypothecation of current assests and further secured by way of second charge over the land belonging to an Associate Company and further guaranteed by three of the Directors of the Company

Banking Relations :
Auditors :
Name :	M.S. Jagannathan and Visv Anathan Chartered Accountants
Address :	Coimbatore, Tamilnadu, India
Legal Advisors:	Ramani and shankar Advocates,
Address :	Coimbatore, Tamilnadu, India
Wholly owned subsidiaries:	· ATL Textile Processors Limited · Manoj Yarn Processors Limited · Pee Dee Yarn Processors Limited
Associates:	· Aadarsh Jann Aawaash Limited · Prime Developers · Prime Mall Developers · Prime New Line AOP
Enterprises having Common Key Management Personnel:	· Pat Credit Limited · Anjana Syntex Company Limited

CAPITAL STRUCTURE

As on 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
6,25,00,000	Equity Shares	Rs.2/- each	Rs. 125.000 Millions
7,50,000	Preference Shares	Rs.100/- each	Rs. 75.000 Millions
	Total		Rs. 200.000 Millions

Issued:

No. of Shares	Type	Value	Amount
2,27,44,300	Equity Shares	Rs.2/- each	Rs. 45.489 Millions

Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2,27,43,600	Equity Shares	Rs.2/- each	Rs. 45.487 Millions

Note 1(a): Share Capital movement

Particulars	31.03.2012
	Number	Rs. In Millions
Shares outstanding at the beginning of the year	2,27,43,600	45.487
Add : Shares issued during the year	--	--
Less : Shares bought back during the year	--	--
Less : Any other movement	--	--
Shares outstanding at the end of the year	2,27,43,600	45.487

Note 1(b) : Equity Shares of more than 5% and held by associates

Particulars	31.03.2012
	Number of shares held	Percentage of Holding
Anjana Syntex Company Limited	48,43,120	21.294%
Pat Credit Limited	63,68,71	28.002%

Note1(c) : Disclosure regarding Bonus Share, Redemption, Buy-Back, etc. for last five years :

Particulars	Preference shares	Equity Shares
	Number of Shares
(i) Shares Redeemed	1,50,000 In 31.3.2008	--

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	45.487	45.487
(b) Reserves & Surplus	1567.197	1597.906
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	1612.684	1643.393
(3) Non-Current Liabilities
(a) long-term borrowings	54.570	73.068
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	127.011	127.025
(d) long-term provisions	3.960	3.334
Total Non-current Liabilities (3)	185.541	203.427
(4) Current Liabilities
(a) Short term borrowings	91.418	149.897
(b) Trade payables	13.228	14.031
(c) Other current liabilities	11.425	59.608
(d) Short-term provisions	0.000	0.000
Total Current Liabilities (4)	116.071	223.536
TOTAL	1914.296	2070.356
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1577.107	1578.050
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	73.003	103.433
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	10.933	11.885
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	1661.043	1693.368
(2) Current assets
(a) Current investments	2.175	26.265
(b) Inventories	127.498	227.975
(c) Trade receivables	1.331	0.979
(d) Cash and cash equivalents	13.955	15.386
(e) Short-term loans and advances	61.250	59.334
(f) Other current assets	47.044	47.049
Total Current Assets	253.253	376.988
TOTAL	1914.296	2070.356

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		45.487
2] Share Application Money		0.000
3] Reserves & Surplus		2419.788
4] (Accumulated Losses)		0.000
NETWORTH		2465.275
LOAN FUNDS
1] Secured Loans		118.724
2] Unsecured Loans		170.147
TOTAL BORROWING		288.871
DEFERRED TAX LIABILITIES		0.000
TOTAL		2754.146
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		2553.978
Capital work-in-progress		0.000
INVESTMENT		104.276
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	30.399
	Sundry Debtors	25.270
	Cash & Bank Balances	39.661
	Other Current Assets	49.665
	Loans & Advances	159.216
Total Current Assets		304.211
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	30.310
	Other Current Liabilities	177.326
	Provisions	0.683
Total Current Liabilities		208.319
Net Current Assets		95.892
MISCELLANEOUS EXPENSES		0.000
TOTAL		2754.146

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	266.598	452.966	331.049
		Other Income	4.511	3.215	7.790
		TOTAL (A)	271.109	456.181	338.839
Less	EXPENSES
		Cost of Land sold	94.947	0.000
		Purchases of Stock-in-Trade	86.160	179.556
		Changes in inventories of finished goods and Stock-in-trade	5.529	18.363
		Employee benefit expenses	18.478	17.811
		Other expenses	31.531	30.393
		Exceptional expenses	44.500	88.502
		TOTAL (B)	281.145	334.625	86.531
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(10.036)	121.556	252.308
Less	FINANCIAL EXPENSES (D)		18.677	30.215	41.005
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(28.713)	91.341	211.303
Less/ Add	DEPRECIATION/ AMORTISATION (F)		1.996	2.253	8.490
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		(30.709)	89.088	(202.813)
Less	TAX (H)		0.000	0.000	(32.204)
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		(30.709)	89.088	(170.609)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		95.681	6.593	(3.472)
	TRANSFER FROM BUSINESS RECONSTRUCTION RESERVE		44.500	88.502	210.674
	AMOUNT AVAILABLE FOR APPROPRIATION		109.472	184.183	36.593
	EARNINGS IN FOREIGN CURRENCY
		Export of goods calculated on FOB basis	85.383	107.403	226.684
	Earnings / (Loss) Per Share (Rs.)		(1.35)	3.92	(7.50)

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	(11.33)	19.53	(50.35)
Net Profit Margin (PBT/Sales)	(%)	(11.52)	19.67	(61.26)
Return on Total Assets (PBT/Total Assets}	(%)	(1.67)	4.53	(7.10)
Return on Investment (ROI) (PBT/Networth)		(0.02)	0.05	(0.08)
Debt Equity Ratio (Total Debt /Networth)		0.09	0.14	0.12
Current Ratio (Current Asset/Current Liability)		2.18	1.69	1.46

UNSECURED LOAN

PARTICULARS	31.03.2012 (Rs. in Millions)	31.03.2011 (Rs. in Millions)
Long-term Borrowings
Deposits
From Public	0.200	15.477
From Directors	0.000	3.500
Loans and Advances from related parties	53.199	53.234
Short-term borrowings
Deposits
From Public	10.465	5.391
From Directors	0.000	3.200
From Inter-corporates	78.801	133.745
Total	142.665	214.547

REVIEW OF OPERATIONS

The company has two reportable segments, the Realty and Textiles.

Realty Segment

Tirupur has been a forerunner in contributing to the nation's economy. Apart from remaining a driving force for exports business, it has a District Headquarters for sustainable economic growth which is apparent that various developments under infrastructure like water schemes, six lanes highway tracks approaching airport and underground sewage system are under progress. The city has a huge potential to contribute to the growth of realty sector.

The prestigious multi-storied apartment project "Prime Enclave" has uplifted the Tirupur's living concept and the life style of the city is taking a new dimension with this kind of living conditions. The construction of Emerald and Opal Apartments has started.

The construction is in progress for the signature land mark project "THE ONYX" consisting of villas spread over 4.865 acres, amidst stunning lush landscapes with pebbled pathways and unique car free environment. Every villa has a private elevator and private pool in addition to the common swimming pool and a ultra modern club house.

Textile Segment

The economic recession in international markets has had a severe impact on the Indian textile segment. The company continued to carry on its yarn trading exports.

MANAGEMENT'S DISCUSSION AND ANALYSIS

OVERVIEW

Prime Urban Development India Limited is a Government Recognized Star Export House. It has two business segments viz., Realty and Textiles.

BUSINESS ANALYSIS

The Realty Division of the company has been developing various residential/commercial projects on its lands owned by the Company. With the realty business being the core activity of the company , the Division is expected to achieve new heights. The Company has been imparting high level of professionalism in all its construction activities.

1. "Prime Enclave Vistas" the multi- storied prestigious residential complex is almost occupied and the construction of luxury apartment has commenced during the year. The construction of a commercial mall adjacent to the residential complex is yet to be taken up. The above projects are in a partnership firm in which the company holds a stake of 50%.

2. The construction of independent luxury villas which is a signature project "THE ONYX" in Tirupur has been commenced during the year. The project is designed with international standard for the luxury life style of living. There is an evinced good response from the prospective buyers.

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10315611	20/10/2011	100,000,000.00	CORPORATION BANK	NARIMAN POINT BRANCH, EARNEST HOUSE, 1ST FLOOR, N ARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA	B24519027
2	90008742	01/08/2013 *	200,000,000.00	CENTRAL BANK OF INDIA	NO.2, COURT STREET, TIRUPUR, TAMIL NADU - 641601, INDIA	B80792534

Note: * Date of charge modification

STATEMENT OF UN-AUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE 2013

(Rs. In Millions)

PARTICULARS				Quarter ended			Year Ended
				30.06.2013	31.03.2013	30.06.2012	31.03.2013
				Reviewed	Audited	Reviewed	Audited
1	Income from Operations
	a	Net sales/Income from operations		60.187	188.874	15.978	243.924
	b	Other operating income		--	--	--	--
		Total income from operations (net)		60.187	188.874	16.978	243.924
2	Expenses
	a	Cost of Land sold		2.725			3.825
	b	Purchase of Textile goods		56.001	162.931	10.675	168.737
	c	Changes in Inventories of finished goods and stock In trade		(18.616)	0.351	2.941	3.345
	d	Employee benefit expenses		5.031	4.241	4.800	19.264
	e	Depreciation and amortisation expenses		0.522	0.246	0.465	2.056
	f	Other Expenditure		8.610	11.117	5.538	29.250
		Total expenses		64.273	178.886	24.419	246.477
3	Prom/ (Loss) from operation before other income, finance cost			5.914	9.988	(8.441)	(2.663)
	land exceptional /extraordinary items
4	Other income			0.553	0.346	0.495	1.719
5	Profit / (Loss) from ordinary activities before finance cost and
	exceptional items			6.467	10.336	(7.946)	(0.834)
6	Finance cost			5.078	4.578	3.631	16.664
7	Profit / (Loss) from ordinary activities after finance cost but before
		exceptional items		1.389	5.657	(11.577)	(117.498)
8	Exceptional Hems			-			-
9	Profit / (Loss) from ordinary activities before tax			1.389	6.667	(11.577)	(117.498)
10	Tax expenses - (Provision)/ Reversal
11	Net Profit (Loss) from ordinary activities after tax			1.389	6.667	(11.577)	(17.498)
12	Extraordinary items
13	Net Profit/(loss) after tax for the period			1.389	6.667	(11.577)	(17.498)
	Paid up Equity Share Capital			45.487	45.487	45.487	46.487
	(Face value Rs.2 per share)
15	Reserves (excluding revaluation reserve)			--	--	--	1547.090
16	i		Earnings Per Share (before extraordinary items (not annualised)
			Basic	0.06	0.25	(0,51)	(0.77)
			Diluted
	ji		Earnings Per Share (after extraordinary items) (not annualised)
			Basic	0.06	0.25	(0,51)	(0.771
			diluted
J..			Public Shareholding
			-Number of shares	7,731,244	7,731,244	8,538,764	7,731,244
			-Percentage o( shares	33.99%	31.99%	37.54%	33.99%
2			Promoters and Promoter Group Shareholding
	a		Pledged / Encumbered
			- Number of Shares	Nil	Nil	Nil	Nil
			Percentage of Shares
			(% o total shareholding of promoter group)	NA	NA	NA	NA
			Percentage of Shares
			(% of total share capital of the Company)	NA	NA	NA	NA
	b		Non-encumbered
			-Number of Shares	1,012,356	15,012,356	14,204,836	15,012,356
			-Percentage of Shares	100%	100%	100%	100%
			(% of total shareholding of promoter group)
			Percentage of Shares	66.01%	66.01%	62.46%	68.01%
			(% of total share capital of the Company)
			Particulars

B	INVESTOR COMPLAINTS
		Pending at the beginning of the quarter	Nil
		Received during the year	Nil
		(Disposed of during the quarter	Nil
		Remaining un resolved at the end of the quarter	Nil

SEGMENT WISE REVENUE RESULTS AND CAPITAL EMPLOYED

(Rs. In Millions)

SI.	Particulars	30.06.2013	31.03.2013	30.06.2012	31.03.2013
nos.		Reviewed	Reviewed	Audited	Reviewed
1	Segment Revenue:-
	a. Segment - Really	18.873	3.338	14.600	26.502
	b. Segment - Textiles	41.314	185.536	1.378	2.17.422
	Total	60.187	188.874	15.978	243.924
2	Segment Results:-
	Profit/(Loss) before tax, Interest and exceptional Items from each segment
	a. Segment -Realty	7.340	(7.780)	(7.101)	(14.689)
	b. Segment -Textiles	0.219	19.397	(0.231)	17.039
	Total	7.669	11.617	(7.422)	2.360
	Less: interest expenditure	6.078	4.678	3.631	16.664
	Less: Exceptional items				.
	Less: Unallocable expenditure	1.092	1.282	0.524	3.184
	Profit/(Loss) before tax and extraordinary items	1.389	5.657	(11.577)	(17.498)
	Less: Extraordinary items
	Profit/(Loss) before tax	1.389	5.6.67	(11.577)	(17.498)
3	Capital Employed
	a. Segment - Realty	1681.498	1672.836	1660.329	1672.836
	b. Segment - Textiles	134.236	122.410	108.352	122.410
	Total	1815.734	1795.246	1768.681	1796.246

Note:

1. The above unaudited Financial Results for the quarter ended 30th June, 1013 have been reviewed by the Statutory Auditors and were taken on record at the Meeting of the Board of Directors held on 2nd August, 2013 after the same having been reviewed by the Audit Committee.

2. In respect of Really Division, the first phase of the construction in the Company's prestigious 'Individual Residential Cluster Project - THE ONYX' will be completed by the end of the year and construction of further apartments in Prime Enclave Vistas is under progress.

3. As the subsidiaries of the Company viz., ATL Textile Processors Limited, Pee Dee Yam Processors Ltd and Manoj Yarn Processors Limited have not carried on any business activity, consolidated figures are not given.

4. Figures are regrouped to conform to current presentation.

5. The figures of the quarter ended March 31, 2013, are the balancing figures between the audited figures of the financial year ended March 31,2013 and the published year to data figures upto the quarter ended December 31,2012

CONTINGENT LIABILITIES:

(Rs. in millions)

PARTICULARS	31.03.2012
Disputed T ax Demands (Including Interest up to the date of demand)
(a) Sales Tax	1.007
(b) Income Tax	183.16
Other money for which the company is contingently liable; Export Documentary bills discounted with Bank (Since Realized-Rs.7.425 Millions Previous year - Rs.24.560 Millions)	15.443

FIXED ASSETS

Tangible Assets:

· Land - free hold

· Buildings

· Plant and Machinery

· Furniture and Office Equipments

· Motor Vehicles

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.59
UK Pound	1	Rs.101.56
Euro	1	Rs.85.15

INFORMATION DETAILS

Report Prepared by :

RAJ

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.