MIRA INFORM REPORT

Report Date :

18.07.2014

IDENTIFICATION DETAILS

Name :	WESTMILL FOODS LIMITED

Formerly Known As :	SUNBLEST BAKERIES (NORTHAMPTON) LIMITED

Registered Office :	Weston Centre 10 Grosvenor Street London W1K 4QY

Country :	United Kingdom

Financials (as on) :	14.09.2013

Date of Incorporation :	20.06.1895

Legal Form :	Private limited with Share Capital

Line of Business :	Non-Trading Company [We tried to confirm / obtain the detailed activity but the same is not available from any sources]

No. of Employees	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Slow
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, 2014

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

United Kingdom

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderate Low Risk	B1
Moderate Risk	B2
Moderate High Risk	C1
High Risk	C2
Very High Risk	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

WESTMILL FOODS LIMITED

Company Summary

Registered Address	WESTON CENTRE	Trading Address	Weston Centre
	10 GROSVENOR STREET		10 Grosvenor Street
	LONDON		London
	W1K 4QY		W1K 4QY
Office Address	26 Crown Road, Enfield, Middlesex
Website Address	http://www.westmill.co.uk	Fax Number
Telephone Number	1277262727	FPS	No
TPS	No
Incorporation Date	20/06/1895
Previous Name	SUNBLEST BAKERIES (NORTHAMPTON) LIMITED	Type	Private limited with Share Capital
FTSE Index	-	Date of Change	27/04/1988
Filing Date of Accounts	7/2/2014	Currency	GBP
Share Capital	£32,250	SIC07	74990
Charity Number	-	SIC07 Description
NON-TRADING COMPANY
The company did not trade during y/e 14.09.13.			Principal Activity

DIRECTORS/MANAGEMENT

Total Current Directors	2
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	25

Current Directors

Name	Paul Robert Kenward	Date of Birth	10/11/1973
Officers Title	Mr	Nationality	British
Present Appointments	5	Function	Director
Appointment Date	01/04/2011
Address	24 Chiswell Street, London, EC1Y 4SG
Other Actions	View Director Report	View Consumer Report

Name	Mark Andrew Ward	Date of Birth	23/09/1969
Officers Title	Mr	Nationality	British
Present Appointments	8	Function	Director
Appointment Date	11/01/2013
Address	No 2 Old School Close, Thurlby Bourne, Lincolnshire, PE10 0QH
Other Actions	View Director Report	View Consumer Report

Disqualified		Disqualified End Date
Disqualification Exception	No

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
William Bernard Wright	69	137
Anthony John Orvis	8	21
Ralph Henry Richard	8	29
Douglas James Baxter	4	29
Dick Maurice Blackhurst	0	1
Terry Butcher	2	1
John Alan Hastwell	0	3
Adam Dominic Spragg	0	1
Peter Michael Harper Jester	0	15
Malcolm Raymond Gore	101	131
Keith Ian Sutherland	0	4
George Garfield Weston	0	2
David Alan Reay	0	2
Glenn Binns	9	1
Mark Bottjer	0	7
David Christopher Harbord	1	18
Douglas Cameron Forgie	9	26
Colin Edward Walker	2	198
Gavin John Murison Bowie	3	2
Julian Michael Rutherford	15	4
Lyn Richardson	0	129
Jessica Sophie Foster	1	135
Gerald Owain Williams	2	4
Catherine Mary Springett	26	271
Charles Oswald Fillingham	4	10

NEGATIVE INFORMATION

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 1

Total Value of Documented Trade £3,355

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

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	1	£3,355

Company Name	Amount	Statement Date
Bengal Pride Ltd	£3,355	07/02/2014

SHARE & SHARE CAPITAL INFORMATION

Top 20 Shareholders
Name	Currency	Share Count	Share Type	Nominal Value
FOOD INVESTMENTS LTD	GBP	129,000	ORDINARY	0.25

PAYMENT INFORMATION

Payment Information

Trade Payment Information

Average Invoice Value	1053.61
Invoices available	40
Paid	34
Outstanding	6

GROUP STRUCTURE & AFFILIATED COMPANIES

Statistics
Group	176 companies
Linkages	59 companies
Countries	In 13 countries

Summary
Holding Company	FOOD INVESTMENTS LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	WITTINGTON INVESTMENTS LIMITED

Group structure

Group	176 companies
Linkages	59 companies
Countries	In 13 countries
Other Linked companies

Name	Number	Latest Key Financials	Turnover
CARGILL INTERNATIONAL LUXEMBOURG 2 S.AR.L.	IE906373	31.05.2011	206932209
CARGILL FINANCE IRELAND LIMITED	IE484214	31.05.2013
CARGILL FRANCE	572099695	31.05.2013	3791780557
CARGILL DEUTSCHLAND GMBH	HRB 741	31.05.2013	987166688
CERESTAR DEUTSCHLAND HOLDING GMBH	HRB 7450	31.05.2013	16710
CARGILL PLC	1387437	31.05.2013	£1,315,161,000
ABF DEUTSCHLAND HOLDINGS GMBH	HRB 65911	31.08.2012
CARGILL ATLANTIQUE	495170458	31.05.2013	7775441
CARGILL S.R.L.	MI1525837	31.12.2012	719006245
CARGILL GMBH	HRB 6273	31.05.2013	2074321074
CARGILL HAUBOURDIN SAS	317586907	31.05.2013	307158978
CARGILL CACAO ET CHOCOLAT FRANCE SAS	410555791	31.05.2013	19137977
CARGILL OIL PACKERS FRANCE SAS	302610381	31.05.2013	4557432
CARGILL TEXTURIZING SOLUTIONS DEUTSCHLAND GMBH & CO. KG	HRA 69372	31.05.2012	96866628
ROAL OY	8611949	31.08.2013	49242204
BREBER HOLDING B.V. ZWEIGNIEDERLASSUNG GERMANY	HRB 97399	31.05.2010
B.E. INTERNATIONAL FOODS GMBH	HRB 16218	15.09.2012
CARGILL FINANCIAL SERVICES EUROPE LIMITED	6263287	31.05.2013	£1,577,329
RHEINISCHE PRESSHEFE- UND SPRITWERKE GMBH	HRB 107969	31.08.2012
BIO-DIESEL WITTENBERGE GMBH	HRB 3228 NP	31.12.2011

FINANCIAL INFORMATION

Balance Sheet

Date Of Accounts

14/09/13

(%)

15/09/12

(%)

17/09/11

(%)

18/09/10

(%)

#####

Tangible Assets

Intangible Assets

Total Fixed Assets

Stock

Trade Debtors

Cash

Other Debtors

-100%

£32,250

Miscellaneous Current Assets

Total Current Assets

-100%

£32,250

Trade Creditors

Bank Loans & Overdrafts

Other Short Term Finance

Miscellaneous Current Liabilities

Total Current Liabilities

Bank Loans & Overdrafts and LTL

Other Long Term Finance

Total Long Term Liabilities

Capital & Reserves

Date Of Accounts

14/09/13

(%)

15/09/12

(%)

17/09/11

(%)

18/09/10

(%)

#####

Called Up Share Capital

-100%

£32,250

P & L Account Reserve

Revaluation Reserve

Sundry Reserves

Shareholder Funds

-100%

£32,250

Other Financial Items

Date Of Accounts

14/09/13

(%)

15/09/12

(%)

17/09/11

(%)

18/09/10

(%)

#####

Net Worth

-100%

£32,250

Working Capital

-100%

£32,250

Total Assets

-100%

£32,250

Total Liabilities

Net Assets

-100%

£32,250

Cash Flow

Date Of Accounts

14/09/13

(%)

15/09/12

(%)

17/09/11

(%)

18/09/10

(%)

#####

Net Cashflow from Operations

Net Cashflow before Financing

Net Cashflow from Financing

Increase in Cash

Miscellaneous

Date Of Accounts

14/09/13

(%)

15/09/12

(%)

17/09/11

(%)

18/09/10

(%)

#####

Contingent Liability

Capital Employed

-100%

£32,250

Number of Employees

Auditors

Auditor Comments

The company is exempt from audit

Bankers

BANK OF SCOTLAND

Bank Branch Code

Ratios

Date Of Accounts

14/09/13

15/09/12

17/09/11

18/09/10

#####

Pre-tax profit margin %

Current ratio

Sales/Net Working Capital

Gearing %

Equity in %

100

Creditor Days

Debtor Days

Liquidity/Acid Test

Return On Capital Employed %

Return On Total Assets Employed %

Current Debt Ratio

Total Debt Ratio

Stock Turnover Ratio %

Return on Net Assets Employed %

FOREIGN EXCHANGE RATES

ADDITIONAL INFORMATION

Commentary

No comments to display

Mortgage Summary

Total Mortgage 0

Outstanding 0

Satisfied 0

Current Company Secretary
Name	Rosalyn Sharon Schofield	Date of Birth	18/09/1956
Officers Title	Miss	Nationality	British
Present Appointments	266	Function	Company Secretary
Appointment Date	13/08/2001
Address	Weston Centre 10 Grosvenor Street, London, W1K 4QY
Status History
No Status History found

Event History

Date	Description
02/07/2014	Annual Returns
15/02/2014	New Accounts Filed
10/07/2013	Annual Returns
25/01/2013	New Accounts Filed
25/01/2013	New Board Member Mr M.A. Ward appointed
18/01/2013	Mr J.M. Rutherford has left the board
18/01/2013	New Board Member Mr M.A. Ward appointed
30/06/2012	Annual Returns
27/01/2012	New Accounts Filed
20/01/2012	Mr T. Butcher has left the board
04/07/2011	Annual Returns
27/05/2011	New Board Member Mr P.R. Kenward appointed
21/05/2011	Mr P. Kenward has left the board
08/04/2011	Mr G.O. Williams has left the board
08/04/2011	New Board Member Mr P. Kenward appointed

Previous Company Names

Date	Previous Name	Companies House Documents
27/04/1988	SUNBLEST BAKERIES (NORTHAMPTON) LIMITED	View Document
31/12/1978	TURNER & SON LIMITED	View Document

Average Invoice Value	£1053.61
Invoices available	40
Paid	34
Outstanding	6

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

	Within Terms	0-30 Days	31-60 Days	61-90 Days	91+ Days
Paid	3	15	6	8	2
Outstanding	3	1	1	0	1

NOTES & COMMENTS

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.14
UK Pound	1	Rs.103.00
Euro	1	Rs.81.33

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%)

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.

MIRA INFORM REPORT

Company name

Company Summary

DIRECTORS/MANAGEMENT

Current Directors

Previous Director/Company Secretaries

NEGATIVE INFORMATION

SHARE & SHARE CAPITAL INFORMATION

PAYMENT INFORMATION

GROUP STRUCTURE & AFFILIATED COMPANIES

Group structure

FINANCIAL INFORMATION

Ratios

FOREIGN EXCHANGE RATES

ADDITIONAL INFORMATION

Current Company Secretary

Event History

Previous Company Names

NOTES & COMMENTS

Unit