MIRA INFORM REPORT

Report Date :

31.08.2014

IDENTIFICATION DETAILS

Name :	T.R. FASTENINGS LIMITED
Registered Office :	Trifast House, Bellbrook Park, Uckfield, TN22 1QW
Country :	United Kingdom
Financials (as on) :	31.03.2013
Date of Incorporation :	23.03.1973
Legal Form :	Private Limited with Share Capital
Line of Business :	Manufacturer of fastners and screw machine products
No. of Employees	372

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 :	No complaints
Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
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. 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, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output. 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. Falling home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets; these included 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 about 11% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 largely due to 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 £375 billion (approximately $605 billion) as of December 2013. 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, however, in 2013 GDP grew 1.4%, accelerating unexpectedly in the second half of the year because of greater consumer spending and a recovering housing market. The budget deficit is falling but remains high at nearly 7% and public debt has continued to increase.

Source : CIA

Company name and address

T.R. FASTENINGS LIMITED

DIRECTORS/MANAGEMENT

Current Directors

Name	Glenda Christina Roberts	Date of Birth	12/06/1950
Officers Title	Ms	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	31/05/1992
Address	Monreith 5 Ing Dene, Barrowford Road, Colne, Lancashire, BB8 9QP
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Geoffrey Paul Budd	Date of Birth	14/02/1957
Officers Title	Mr	Nationality	British
Present Appointments	3	Function	Director
Appointment Date	31/05/1992
Address	Worth Manor, Little Horsted, Uckfield, East Sussex, TN22 5TT
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Malcolm Mcdonald Diamond	Date of Birth	18/09/1948
Officers Title	Mr	Nationality	British
Present Appointments	15	Function	Director
Appointment Date	18/03/2009
Address	Diamond Cottage, Five Ash Down, Uckfield, East Sussex, TN22 3AJ
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	James Charles Barker	Date of Birth	15/02/1953
Officers Title	Mr	Nationality	British
Present Appointments	20	Function	Director
Appointment Date	18/03/2009
Address	Burnt House Farm Waldron Down, Blackboys, Uckfield, East Sussex, TN22 5NB
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Stephen Adam Meiklem	Date of Birth	18/04/1967
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	01/07/2013
Address	Trifast House, Bellbrook Park, Uckfield, East Sussex, TN22 1QW
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Anna-Maria Stella Johnson	Date of Birth	06/10/1963
Officers Title		Nationality	British
Present Appointments	1	Function	Director
Appointment Date	01/07/2013
Address	Trifast House, Bellbrook Park, Uckfield, East Sussex, TN22 1QW
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	David Fisk	Date of Birth	19/05/1971
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	01/07/2013
Address	Trifast House, Bellbrook Park, Uckfield, East Sussex, TN22 1QW
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Current Company Secretary

Name	Mark Belton	Date of Birth	10/07/1969
Officers Title	Mr	Nationality	British
Present Appointments	17	Function	Company Secretary
Appointment Date	01/04/2004
Address	Rivington, 27 Lenham Avenue Saltdean, Brighton, East Sussex, BN2 8AE

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
James Alan Price	1	2
Michael Clifford Timms	10	17
John Brian Anthony Barker	1	14
Michael James Barrett	0	2
Alan Keith Ballard	1	3
Michael John Roberts	7	17
Richard Derek Burneett-Godfree	1	2
David Kenneth Skilling	3	4
Leonard Paul Holmes	0	4
Arthur Johnston	0	2
Martin Tracey Phillips	0	3
Jonathan Paul Fennell	1	6
Graham Douglas Thomas	8	8
John Robert Todd	0	1
John Edward Stallworthy	1	2
Stuart John Lawson	29	34
Stuart John Lawson	29	34
Jonathan James Henderson	0	11
Nigel Keith Vidler	2	5
Seamus Vincent Murphy	0	4
John Wilson	11	40
John Wilson	11	40
Keith Gibb	0	2
Nicola Jane Nicholas	0	4
John Ward	0	4
Morten Bjorlo	0	1
Alan George Hiatt	0	1
John Alfred Fowler	2	2
Wendy Joy Stopher	0	1
Steven Malcolm Auld	3	21
Philip Havercroft	2	2
Richard Bury	2	30
Robert David Stevens	0	2
Steven Michael Franklin	1	11
Timothy Charles Corke	5	3
Morten Bjorlo	0	1
Colin Aubrey Hill	1	14

NEGATIVE INFORMATION

Mortgage Summary

Total Mortgage 6

Outstanding 3

Satisfied 3

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 36

Total Value of Documented Trade £23,968

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

No CCJs found.

Possible CCJs Details

There are no possible CCJ details.

Writ Details

No writs found.

Mortgage Details

Mortgage Type:	COMPOSITE GUARANTEE AND DEBENTURE
Date Charge Created:	24/02/10
Date Charge Registered:	04/03/10
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC INVOICE FINANCE (UK) LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM ANY GROUP COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY SEE IMAGEFOR FULL DETAILS

Mortgage Type:	LEGAL ASSIGNMENT
Date Charge Created:	24/02/10
Date Charge Registered:	04/03/10
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ANY CREDIT BALANCE DUE TO THE COMPANY UNDER THE AGREEMENT FOR THE PURCHASE OF DEBTS AND ANY DISCOUNTING ALLOWANCE DUE UNDER THE CONTRACT THE BENEFIT OF ALL THEOTHER PROVISIONS OF THE CONTRACT AND ALLSECURITIES IN RESPECT OF THAT CREDIT BALANCE

Mortgage Type:	DEBENTURE
Date Charge Created:	24/02/10
Date Charge Registered:	04/03/10
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY

Mortgage Type:	CHATTELS MORTGAGE
Date Charge Created:	02/11/98
Date Charge Registered:	02/11/98
Date Charge Satisfied:	18/02/10
Status:	SATISFIED
Person(s) Entitled:	FORWARD TRUST LIMITED FORWARD TRUST GROUP LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	NINE USED DAVENPORT TURNING MACHINES SERIAL NOS 8114, 8130, 8679, 9196, 9291, 10020, 10186, 7261 AND7680

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	14/10/88
Date Charge Registered:	27/10/88
Date Charge Satisfied:	01/02/94
Status:	SATISFIED
Person(s) Entitled:	MIDLAND BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	F/H LAND AND BUILDINGS AT BELIBROOK INDUSTRIAL ESTATE, UCKFIELD, EAST SUSSEX.

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	14/10/88
Date Charge Registered:	27/10/88
Date Charge Satisfied:	23/12/93
Status:	SATISFIED
Person(s) Entitled:	MIDLAND BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	F/H LAND K/A 64, FRAMFIELD ROAD, UCKFIELD, EAST SUSSEX.

Creditor Details

	Total Number	Total Value
Trade Creditors	0	-

No Creditor Data

Trade Debtors / Bad Debt Detail

	Total Number of Documented Trade	Total Value of Documented Trade
Trade Debtors	36	£23,968

Company Name	Amount	Statement Date
Barford Engineering UK Limited	£4,137	23/08/2012
Midlands Technical Mouldings Limited	£2,863	23/05/2014
B K Engineering Ltd	£1,990	10/11/2011
A1 Performance Ltd	£1,776	08/10/2012
Prism Data Cabinets Limited	£1,254	30/11/2009
Perlam Sheet Metal Limited	£1,117	31/05/2013
Advanced Sheet Metal Limited	£963	22/04/2010
B D M (UK) Ltd	£920	15/04/2011
Jackson Barnes Limited	£851	17/11/2010
Conway Security Products Limited	£689	15/02/2013
Peripheral Support Services Ltd	£530	14/01/2014
Ruston Technology Ltd	£491	30/05/2013
Dorsend Supplies Limited	£482	18/12/2009
Lynar Engineers (1998) Ltd	£466	30/12/2011
Metex Engineering Ltd	£447	08/01/2014
Sovereign Fasteners Ltd	£418	05/10/2010
Precision Fabs Limited	£393	13/11/2009
Class Sheet Metal Limited	£377	07/04/2010
Infoteam E M S Limited	£375	15/11/2012
Fastfix Limited	£374	08/03/2013
MMTE LLP	£333	28/07/2011
E T Martin & Son (Edmonton) Limited	£304	27/09/2011
Reliagraphics Engineering Limited	£252	22/04/2014
Trevafield Fasteners Limited	£250	29/06/2012
Albion Spring Company Limited	£246	01/03/2010
Wilfast Limited	£201	25/11/2009
Tower Engineering Limited	£181	27/04/2010
Redileads Anglesey Limited	£176	05/05/2010
Ductwork Projects Limited	£173	07/02/2014
Rowland Automation Limited	£164	30/11/2009
Dameco Ltd	£159	10/01/2012
Lumonic Ltd	£147	25/10/2013
J A P Optoelectronic Ltd	£126	01/08/2011
3 D Electronic Assembly Limited	£116	08/10/2009
Ware Sheet Metal Limited	£115	26/06/2014
Manufactured Retail Products Limited	£112	08/02/2013

SHARE & SHARE CAPITAL INFORMATION

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
TRIFAST OVERSEAS HOLDINGS LTD	GBP	10,000	ORDINARY	1	98.04
TRIFAST OVERSEAS HOLDINGS LTD	GBP	200	UNCLASSIFIED	1	1.96

GROUP STRUCTURE & AFFILIATED COMPANIES

Group structure

Statistics

Group	18 companies
Linkages	4 companies
Countries	In 3 countries

Other Linked companies

Name	Number	Latest Key Financials	Turnover
T R FASTENINGS AB	5563009769	31.03.2013	76,374 KSEK
T.R. MILLER HOLDING B.V.	06043013	31.03.2013
SERCO-RYAN GMBH	HRB 2069	31.12.2007
TRIFAST HOLDINGS B.V.	33268836	31.03.2013

FINANCIAL INFORMATION

Profit & Loss

Date Of Accounts	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	31/03/10	(%)	31/03/09
Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
Turnover	£55,579,000	-0.3%	£55,747,000	1.6%	£54,881,000	22.4%	£44,839,000	-21.4%	£57,045,000
Export	£11,234,000	-10.1%	£12,492,000	0.1%	£12,480,000	32.2%	£9,443,000	-34.9%	£14,516,000
Cost of Sales	£41,854,000	-2.4%	£42,896,000	-0.7%	£43,211,000	19.5%	£36,164,000	-20.1%	£45,277,000
Gross Profit	£13,725,000	6.8%	£12,851,000	10.1%	£11,670,000	34.5%	£8,675,000	-26.3%	£11,768,000
Wages & Salaries	£9,826,000	-2.4%	£10,064,000	3.7%	£9,708,000	-1.6%	£9,868,000	-13.3%	£11,381,000
Directors Emoluments	£96,000	-11.1%	£108,000	-	£108,000	-68%	£338,000	-24.2%	£446,000
Operating Profit	£3,502,000	25.5%	£2,791,000	95.7%	£1,426,000	131%	-£4,602,000	-122.3%	-£2,070,000
Depreciation	£95,000	-28%	£132,000	-41.1%	£224,000	-19.1%	£277,000	-34.7%	£424,000
Audit Fees	£34,000	3%	£33,000	3.1%	£32,000	3.2%	£31,000	10.7%	£28,000
Interest Payments	£464,000	-3.5%	£481,000	18.5%	£406,000	302%	£101,000	-52.4%	£212,000
Pre Tax Profit	£3,038,000	31.5%	£2,310,000	126.5%	£1,020,000	122%	-£4,642,000	-103.5%	-£2,281,000
Taxation	-£358,000	57.6%	-£845,000	-39.4%	-£606,000	-155.9%	£1,084,000	99.3%	£544,000
Profit After Tax	£2,680,000	82.9%	£1,465,000	253.9%	£414,000	111.6%	-£3,558,000	-104.8%	-£1,737,000
Dividends Payable	£1,000,000	-	-	-	-	-	-	-100%	£1,000,000
Retained Profit	£1,680,000	14.7%	£1,465,000	253.9%	£414,000	111.6%	-£3,558,000	-30%	-£2,737,000

Balance Sheet

Date Of Accounts	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	31/03/10	(%)	31/03/09
Tangible Assets	£484,000	20.4%	£402,000	2.8%	£391,000	-31.2%	£568,000	-30.6%	£818,000
Intangible Assets	0	-	0	-	0	-	0	-	0
Total Fixed Assets	£484,000	20.4%	£402,000	2.8%	£391,000	-31.2%	£568,000	-30.6%	£818,000
Stock	£11,327,000	4.5%	£10,844,000	0%	£10,845,000	35.2%	£8,021,000	-18.7%	£9,866,000
Trade Debtors	£12,298,000	1.5%	£12,114,000	0.1%	£12,100,000	23.7%	£9,783,000	1.3%	£9,662,000
Cash	£5,135,000	-33.3%	£7,700,000	28.1%	£6,010,000	58.7%	£3,786,000	-47.1%	£7,155,000
Other Debtors	£960,000	-48.4%	£1,862,000	-25.8%	£2,509,000	-7.1%	£2,702,000	25.1%	£2,160,000
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	£29,720,000	-8.6%	£32,520,000	3.4%	£31,464,000	29.5%	£24,292,000	-15.8%	£28,843,000
Trade Creditors	£8,066,000	-1.9%	£8,226,000	-7.4%	£8,880,000	15.1%	£7,717,000	11.7%	£6,909,000
Bank Loans & Overdrafts	£10,024,000	-26.8%	£13,698,000	12.5%	£12,181,000	65.3%	£7,368,000	-26.6%	£10,033,000
Other Short Term Finance	£820,000	-12.8%	£940,000	-20.5%	£1,182,000	86.7%	£633,000	-87.9%	£5,243,000
Miscellaneous Current Liabilities	£3,433,000	6.6%	£3,219,000	16.6%	£2,761,000	22.7%	£2,251,000	18.2%	£1,904,000
Total Current Liabilities	£22,343,000	-14.3%	£26,083,000	4.3%	£25,004,000	39.2%	£17,969,000	-25.4%	£24,089,000
Bank Loans & Overdrafts and LTL	£11,321,000	-28.1%	£15,737,000	0.2%	£15,712,000	38.4%	£11,353,000	-16.2%	£13,543,000
Other Long Term Finance	0	-	0	-	0	-	0	-	0
Total Long Term Liabilities	£1,297,000	-36.4%	£2,039,000	-42.3%	£3,531,000	-11.4%	£3,985,000	13.5%	£3,510,000

.

Capital & Reserves

Date Of Accounts	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	31/03/10	(%)	31/03/09
Called Up Share Capital	£10,000	-	£10,000	-	£10,000	-	£10,000	-	£10,000
P & L Account Reserve	£6,493,000	37.3%	£4,729,000	45.6%	£3,249,000	14.6%	£2,835,000	42.4%	£1,991,000
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	£61,000	-	£61,000	-	£61,000	-	£61,000	-	£61,000
Shareholder Funds	£6,564,000	36.8%	£4,800,000	44.6%	£3,320,000	14.2%	£2,906,000	40.9%	£2,062,000

Other Financial Items

Date Of Accounts	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	31/03/10	(%)	31/03/09
Net Worth	£6,564,000	36.8%	£4,800,000	44.6%	£3,320,000	14.2%	£2,906,000	40.9%	£2,062,000
Working Capital	£7,377,000	14.6%	£6,437,000	-0.4%	£6,460,000	2.2%	£6,323,000	33%	£4,754,000
Total Assets	£30,204,000	-8.3%	£32,922,000	3.3%	£31,855,000	28.1%	£24,860,000	-16.2%	£29,661,000
Total Liabilities	£23,640,000	-15.9%	£28,122,000	-1.4%	£28,535,000	30%	£21,954,000	-20.5%	£27,599,000
Net Assets	£6,564,000	36.8%	£4,800,000	44.6%	£3,320,000	14.2%	£2,906,000	40.9%	£2,062,000

Miscellaneous

Date Of Accounts	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	31/03/10	(%)	31/03/09
Contingent Liability	YES	-	YES	-	YES	-	YES	-	YES
Capital Employed	£7,861,000	14.9%	£6,839,000	-0.2%	£6,851,000	-0.6%	£6,891,000	23.7%	£5,572,000
Number of Employees	372	-2.1%	380	0.8%	377	-3.8%	392	-16.4%	469
Auditors	KPMG AUDIT PLC
Auditor Comments	The audit report contains no adverse comments
Bankers	HSBC BANK PLC
Bank Branch Code

Ratios

Date Of Accounts	31/03/13	31/03/12	31/03/11	31/03/10	31/03/09
Pre-tax profit margin %	5.47	4.14	1.86	-10.35	-4
Current ratio	1.33	1.25	1.26	1.35	1.20
Sales/Net Working Capital	7.53	8.66	8.50	7.09	12
Gearing %	172.50	327.90	473.30	390.70	656.80
Equity in %	21.70	14.60	10.40	11.70	7
Creditor Days	52.82	53.71	58.89	62.64	44.08
Debtor Days	80.54	79.09	80.25	79.41	61.65
Liquidity/Acid Test	0.82	0.83	0.82	0.90	0.78
Return On Capital Employed %	38.64	33.77	14.88	-67.36	-40.93
Return On Total Assets Employed %	10.05	7.01	3.20	-18.67	-7.69
Current Debt Ratio	3.40	5.43	7.53	6.18	11.68
Total Debt Ratio	3.60	5.85	8.59	7.55	13.38
Stock Turnover Ratio %	20.37	19.45	19.76	17.88	17.29
Return on Net Assets Employed %	46.28	48.12	30.72	-159.73	-110.62

FOREIGN EXCHANGE RATES

N/a

ADDITIONAL INFORMATION

Status History

No Status History found.

Event History

Date	Description
30/06/2014	Annual Returns
12/10/2013	New Accounts Filed
25/09/2013	Annual Returns
22/07/2013	New Board Member Mr D. Fisk appointed
22/07/2013	New Board Member A.M. Johnson appointed
17/07/2013	New Board Member Mr M.M. Diamond appointed
12/07/2013	New Board Member Mr S.A. Meiklem appointed
28/06/2013	Annual Returns
25/04/2013	Mr K. Gibb has left the board
20/02/2013	Mr S.V. Murphy has left the board
25/08/2012	New Accounts Filed
25/08/2012	New Accounts Filed
16/06/2012	Annual Returns
12/04/2012	NEW WRITS RECORD
03/08/2011	New Accounts Filed

Previous Company Names

No Previous Names found.

NOTES & COMMENTS

Commentary

No exact match CCJs are recorded against the company.

Sales in the latest trading period decreased 0.3% on the previous trading period.

Net Worth increased by 36.8% during the latest trading period.

A 8.3% decline in Total Assets occurred during the latest trading period.

Pre-tax profits increased by 31.5% compared to the previous trading period.

The company saw a decrease in their Cash Balance of 33.3% during the latest trading period.

The audit report contains no adverse comments.

The company has undergone recent changes in its directorships.

The company is part of a group.

The company was established over 41 years ago.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.48
UK Pound	1	Rs.100.35
Euro	1	Rs.79.86

INFORMATION DETAILS

Analysis Done by :	SUB
Report Prepared by :	NIS

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.