MIRA INFORM REPORT

Report Date :

02.06.2014

IDENTIFICATION DETAILS

Name :	TILDA LIMITED
Formerly Known As :	TILDA RICE LIMITED
Registered Office :	Coldharbour Lane Rainham Essex Rm13 9yq
Country :	United Kingdom
Financials (as on) :	31.12.2012
Date of Incorporation :	25.09.1970
Com. Reg. No.:	00990202
Legal Form :	Private limited with Share Capital
Line of Business :	Importer, manufacturer and distributor of rice products.
No. of Employees	Not Available

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 – March 31, 2014

Country Name	Previous Rating (31.12.2013)	Current Rating (31.03.2014)
United Kingdom	A1	A1

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 and address

Company Name: TILDA LIMITED

Company No: 00990202

Registered Address:

COLDHARBOUR LANE

RAINHAM

ESSEX

RM139YQ

Company information

Registered Address COLDHARBOUR LANE RAINHAM ESSEX RM13 9YQ

Trading Address Coldharbour Lane RainhamEssex

RM13 9YQ

Website Address http://www.tilda.com

Telephone Number 01708717777

TPS No

FPS No

Incorporation Date 25/09/1970

Previous Name TILDA RICE LIMITED

Type Private limited with Share Capital

Date of Change 23/12/1997

Filing Date of Accounts 17/09/2013

Currency GBP

Share Capital £2,001,171

SIC07 10611

SIC07 Description GRAIN MILLING

Principal Activity A leading importer, manufacturer and distributor of rice products.

Commentary

No exact match CCJs are recorded against the company.

There has been no significant change in the company's credit rating.

The credit limit on this company has risen 6.3% in comparison to the previously suggested credit limit.

Sales in the latest trading period increased 3.4% on the previous trading period.

Net Worth decreased by 8.9% during the latest trading period.

A 9.2% growth in Total Assets occurred during the latest trading period.

Pre-tax profits increased by 295.7% compared to the previous trading period.

The company saw an increase in their Cash Balance of 25% 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 43 years ago.

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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 -	-

Total Current Directors	7
Total Current Secretaries	0
Total Previous Directors / Company Secretaries	5

Current Directors

Name	Stephen Jay Smith	Date of Birth	12/02/1960
Officers Title	Mr	Nationality	American
Present Appointments	8	Function	Director
Appointment Date	13/01/2014
Address	Coldharbour Lane, Rainham, Essex, RM13 9YQ
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Lesley Woodward	Date of Birth	20/11/1958
Officers Title	Ms	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	12/11/2004
Address	Coldharbour Lane, Rainham, Essex, RM13 9YQ
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Rohit Samani	Date of Birth	01/10/1954
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	07/05/1991
Address	Coldharbour Lane, Rainham, Essex, RM13 9YQ
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Umesh Parmar	Date of Birth	21/08/1965
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	12/11/2004
Address	Coldharbour Lane, Rainham, Essex, RM13 9YQ
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Robert Bailie	Date of Birth	08/07/1972
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	01/08/2012
Address	Coldharbour Lane, Rainham, Essex, RM13 9YQ
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Irwin David Simon	Date of Birth	30/07/1958
Officers Title	Mr	Nationality	Canadian
Present Appointments	1	Function	Director
Appointment Date	13/01/2014
Address	Coldharbour Lane, Rainham, Essex, RM13 9YQ
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Denise Menikheim Faltischek	Date of Birth	08/04/1973
Officers Title	Ms	Nationality	American
Present Appointments	10	Function	Director
Appointment Date	13/01/2014
Address	Coldharbour Lane, Rainham, Essex, RM13 9YQ
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value
BRAUNSTONE PROPERTIES LTD	GBP	1,520,000	ORDINARY	1
TILDA RICE LIMITED	GBP	480,000	ORDINARY A	1
TILDA RICE LIMITED	GBP	61,750	ORDINARY B	0.01
TILDA RICE LIMITED	GBP	55,350	ORDINARY C	0.01

Profit & Loss

	Date Of Accounts	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
	Turnover	£107,507,000	3.4%	£103,982,000	1.4%	£102,523,410	4.8%	£97,844,547	-7.1%	£105,332,211
	Export	-	-	-	-	£102,523,410	-	-	-	£19,054,988
	Cost of Sales	£87,170,000	-0.9%	£87,922,000	0.8%	£87,214,715	0.5%	£86,823,264	-2%	£88,614,693
	Gross Profit	£20,337,000	26.6%	£16,060,000	4.9%	£15,308,695	38.9%	£11,021,283	-34.1%	£16,717,518
	Wages & Salaries	£11,557,000	2.6%	£11,269,000	8.8%	£10,354,822	7.5%	£9,633,310	-5.1%	£10,148,472
	Directors Emoluments	£1,842,000	-24.8%	£2,451,000	23.1%	£1,990,406	30.9%	£1,520,319	-18.1%	£1,856,207
	Operating Profit	£5,539,000	203.3%	£1,826,000	5.8%	£1,726,465	248.7%	-£1,160,836	-134.2%	£3,394,353
	Depreciation	£1,684,000	-6.3%	£1,797,000	-5.8%	£1,908,335	-1.1%	£1,930,270	-14.4%	£2,254,962
	Audit Fees	£68,000	78.9%	£38,000	46.2%	£26,000	-14%	£30,230	-5.8%	£32,080
	Interest Payments	£835,000	32.1%	£632,000	-16.3%	£755,329	24.4%	£607,318	-63%	£1,641,285
	Pre Tax Profit	£4,725,000	295.7%	£1,194,000	19.2%	£1,001,906	156.8%	-£1,764,327	-195.9%	£1,840,360
	Taxation	-£841,000	-999.9%	£17,000	121.6%	-£78,800	-114.4%	£547,554	266.1%	-£329,719
	Profit After Tax	£3,884,000	220.7%	£1,211,000	31.2%	£923,106	175.9%	-£1,216,773	-180.5%	£1,510,641
	Dividends Payable	£6,080,000	-	-	-	-	-	-	-	-
	Retained Profit	-£2,196,000	-281.3%	£1,211,000	31.2%	£923,106	175.9%	-£1,216,773	-180.5%	£1,510,641

Balance Sheet

	Date Of Accounts	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08
	Tangible Assets	£22,485,000	11.9%	£20,087,000	-3.7%	£20,859,679	-4.5%	£21,833,952	-7.4%	£23,589,947
	Intangible Assets	0	-	0	-	0	-100%	£164,077	-66.7%	£492,227
	Total Fixed Assets	£22,485,000	11.9%	£20,087,000	-3.7%	£20,859,679	-5.2%	£21,998,029	-8.7%	£24,082,174
	Stock	£20,588,000	38.7%	£14,845,000	-5.6%	£15,717,891	-8.2%	£17,114,486	6.5%	£16,063,279
	Trade Debtors	£14,995,000	-13.8%	£17,390,000	11.9%	£15,533,789	-2.2%	£15,884,178	-9.5%	£17,547,512
	Cash	£15,000	25%	£12,000	-40.8%	£20,274	-98%	£1,008,736	940.5%	£96,945
	Other Debtors	£8,631,000	-1.5%	£8,764,000	-2.5%	£8,987,161	17.3%	£7,663,814	-14.9%	£9,008,479
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£44,229,000	7.8%	£41,011,000	1.9%	£40,259,115	-3.4%	£41,671,214	-2.4%	£42,716,215
	Trade Creditors	£8,196,000	-52.3%	£17,197,000	-9.2%	£18,941,895	11.9%	£16,930,500	-23.4%	£22,089,329
	Bank Loans & Overdrafts	£32,030,000	61.6%	£19,819,000	8.5%	£18,263,629	-9.8%	£20,241,123	16.6%	£17,356,822
	Other Short Term Finance	£866,000	137.3%	£365,000	-25.3%	£488,665	-76.7%	£2,094,303	869.1%	£216,113
	Miscellaneous Current Liabilities	£2,892,000	34.1%	£2,156,000	12.6%	£1,915,470	69.6%	£1,129,716	-48.2%	£2,182,482
	Total Current Liabilities	£43,984,000	11.2%	£39,537,000	-0.2%	£39,609,659	-1.9%	£40,395,642	-3.5%	£41,844,746
	Bank Loans & Overdrafts and LTL	£37,220,000	68.2%	£22,126,000	1.8%	£21,730,091	-17.7%	£26,395,157	5.7%	£24,974,125
	Other Long Term Finance	£908,000	-17.2%	£1,096,000	-24.6%	£1,452,743	999.9%	£58,403	-61.9%	£153,130
	Total Long Term Liabilities	£5,190,000	125%	£2,307,000	-33.4%	£3,466,462	-43.7%	£6,154,034	-19.2%	£7,617,303

.

Capital & Reserves

	Date Of Accounts	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08
	Called Up Share Capital	£2,002,000	-80%	£10,000,000	-	£10,000,000	-	£10,000,000	11.1%	£9,000,000
	P & L Account Reserve	£15,538,000	67.9%	£9,254,000	15.1%	£8,042,673	13%	£7,119,567	-14.6%	£8,336,340
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	-	-	-	-	-	-	-	-	-
	Shareholder Funds	£17,540,000	-8.9%	£19,254,000	6.7%	£18,042,673	5.4%	£17,119,567	-1.3%	£17,336,340

Other Financial Items

	Date Of Accounts	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08
	Net Worth	£17,540,000	-8.9%	£19,254,000	6.7%	£18,042,673	6.4%	£16,955,490	0.7%	£16,844,113
	Working Capital	£245,000	-83.4%	£1,474,000	127%	£649,456	-49.1%	£1,275,572	46.4%	£871,469
	Total Assets	£66,714,000	9.2%	£61,098,000	0%	£61,118,794	-4%	£63,669,243	-4.7%	£66,798,389
	Total Liabilities	£49,174,000	17.5%	£41,844,000	-2.9%	£43,076,121	-7.5%	£46,549,676	-5.9%	£49,462,049
	Net Assets	£17,540,000	-8.9%	£19,254,000	6.7%	£18,042,673	5.4%	£17,119,567	-1.3%	£17,336,340

Miscellaneous

	Date Of Accounts	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08
	Contingent Liability	YES	-	YES	-	YES	-	YES	-	NO
	Capital Employed	£22,730,000	5.4%	£21,561,000	0.2%	£21,509,135	-7.6%	£23,273,601	-6.7%	£24,953,643
	Number of Employees	196	10.7%	177	-6.8%	190	5.6%	180	-4.3%	188
	Auditors	KPMG LLP
	Auditor Comments	The audit report contains no adverse comments
	Bankers	NATIONAL WESTMINSTER BANK PLC
	Bank Branch Code

Ratios

	Date Of Accounts	31/12/12	31/12/11	31/12/10	31/12/09	31/12/08
	Pre-tax profit margin %	4.40	1.15	0.98	-1.80	1.75
	Current ratio	1.01	1.04	1.02	1.03	1.02
	Sales/Net Working Capital	438.80	70.54	157.86	76.71	120.87
	Gearing %	212.20	114.90	120.40	154.20	144.10
	Equity in %	26.30	31.50	29.50	27	26.10
	Creditor Days	27.75	60.19	67.25	62.98	76.33
	Debtor Days	50.77	60.87	55.15	59.09	60.63
	Liquidity/Acid Test	0.53	0.66	0.61	0.60	0.63
	Return On Capital Employed %	20.78	5.53	4.65	-7.58	7.37
	Return On Total Assets Employed %	7.08	1.95	1.63	-2.77	2.75
	Current Debt Ratio	2.50	2.05	2.19	2.35	2.41
	Total Debt Ratio	2.80	2.17	2.38	2.71	2.85
	Stock Turnover Ratio %	19.15	14.27	15.33	17.49	15.25
	Return on Net Assets Employed %	26.93	6.20	5.55	-10.30	10.61

Summary Directors/Shareholders Financials Event History Group Structure Media Solutions

Status History Event History Rating History Limit History Previous Company Names

Status History

No Status History found

Event History

Date	Description
12/03/2014	New Board Member Mr S.J. Smith appointed
12/02/2014	New Board Member Mr S.J. Smith appointed
12/02/2014	New Board Member Ms D.M. Faltischek appointed
05/02/2014	Mr S. Thakrar has left the board
05/02/2014	S. Thakrar has left the board
05/02/2014	V. Thakrar has left the board
05/02/2014	New Board Member Mr S.J. Smith appointed
05/02/2014	New Board Member Mr I.D. Simon appointed
05/02/2014	New Board Member Ms D.M. Faltischek appointed
27/09/2013	New Accounts Filed
27/09/2013	New Accounts Filed
05/06/2013	Annual Returns
04/06/2013	Mr R. Samani has resigned as company secretary
03/06/2013	Annual Returns
08/10/2012	New Accounts Filed

Previous Company Names

Date	Previous Name
23/12/1997	TILDA RICE LIMITED
24/09/1982	JACEY (OVERSEAS) LIMITED

Statistics

Group	9 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	BRAUNSTONE PROPERTIES LIMITED
Ownership Status	Intermediately Owned
Ultimate Holding Company	BRAUNSTONE PROPERTIES LIMITED

Group structure

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
CAILEY INTERNATIONAL LTD	N/A	-	-
BRAUNSTONE PROPERTIES LI...	00450836	31.12.2012	Y	£119,511,000
SALCOTT ASSOCIATES LTD	N/A	-	-
BIRCHRIDGE LIMITED	03444811	31.12.2012	N
OAKRIDGE LIMITED	02507929	31.12.2012	N
TILDA LIMITED	00990202	31.12.2012	N	£107,507,000
MARDI GRAS PROPERTIE...	08115736	31.12.2012	N
TILDA RICE LIMITED	08115638	31.12.2012	N
TOUCHNOTE LIMITED	06235264	31.12.2012	N

Statistics

Group	9 companies
Linkages	0 companies
Countries	In 0 countries

Exact CCJ Details

No CCJs found

Possible CCJs Details

There are no possible CCJ details

Writ Details

No writs found

Mortgage Details

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	30/11/12
Date Charge Registered:	12/12/12
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BANK OF INDIA
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THETERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	UNIT 2 GATEWAY XIII FERRY LANE RAINHAM ESSEX T/NO EGL452322
Mortgage Type:	MORTGAGE
Date Charge Created:	26/04/12
Date Charge Registered:	05/05/12
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BANK OF INDIA
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE NOT EXCEEDING THE SUM OF £3,867,000 UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	UNIT 2 GATEWAY X111 FERRY LANE, RAINHAM, ESSEX, T/NO: EGL452322 SEE IMAGE FOR FULL DETAILS

Mortgage Type:	MORTGAGE
Date Charge Created:	11/10/11
Date Charge Registered:	13/10/11
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BANK OF INDIA
Amount Secured:	ALL MONIES NOT EXCEEDING £6 MILLION DUEOR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	UNIT 2 GATEWAY XIII, 54 FERRY LANE, RAINHAM ESSEX T/NO EGL452322
Mortgage Type:	MORTGAGE
Date Charge Created:	27/03/09
Date Charge Registered:	07/04/09
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BANK OF INDIA
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	UNIT 2 GATEWAY XIII 54 FERRY LANE RAINHAM ESSEX T/N EGL452322 ALL PLANT AND MACHINERY, THE BENEFIT OF ALL CONTRACTS, AGREEMENTS, RIGHTS, SECURITIES, COVENANTS,GUARANTEES, BONDS AND INDEMNITIES SEE IMAGE FOR FULL DETAILS

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	06/03/08
Date Charge Registered:	13/03/08
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BANK OF INDIA
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	UNIT 2 GATEWAY XIII FERRY LANE RAINHAM ESSEX T/NO EGL452322 TOGETHER WITH ALL PLANT AND MACHINERY BYWAY OF ASSIGNMENT THE BENEFIT OF ALL CONTRACTS SEE IMAGE FOR FULL DETAILS
Mortgage Type:	FIXED AND FLOATING CHARGE
Date Charge Created:	02/09/05
Date Charge Registered:	09/09/05
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	THE ROYAL BANK OF SCOTLAND COMMERCIAL SERVICES LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO RBS INVOICE FINANCE LIMITED(PREVIOUSLY KNOWN ASTHE ROYAL BANK OF SCOTLAND COMMERCIAL SERVICES LIMITED) (RBSIF) UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	BY WAY OF FIXED EQUITABLE CHARGE ALL PURCHASED DEBTS, ALL RELATED RIGHTS PERTAINING TO THE PURCHASEDDEBTS AND BY WAY OF FLOATING CHARGE THE PROPERTY, ASSETS AND RIGHTS IN RESPECT OF THE PURCHSED DEBTS AND RELATED RIGHTS SEE IMAGE FOR FULLDETAILS

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	09/12/04
Date Charge Registered:	23/12/04
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BANK OF INDIA
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	BY WAY OF FIRST LEGAL MORTGAGE UNIT 2 GATEWAY X111 FERRY LANE RAINHAM ESSEX T/NO EGL452322 TOGETHERWITH ALL PLANT AND MACHINERY BY WAY OF ASSIGNMENT, THE BENEFIT OF ALL CONTRACTS, AGREEMENTS, RIGHTS,SECURITIES, COVENANTS, GUARANTEES, BONDS AND INDEMNITIES OF ANY NATURE
Mortgage Type:	LEGAL CHARGE
Date Charge Created:	11/08/04
Date Charge Registered:	20/08/04
Date Charge Satisfied:	12/03/05
Status:	SATISFIED
Person(s) Entitled:	BANK OF INDIA
Amount Secured:	£1,000,000 DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
Details:	ALL THAT F/H PROPERTY K/A UNIT 2 GATEWAY XIII, 54 FERRY LANE, RAINHAM

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	05/02/04
Date Charge Registered:	14/02/04
Date Charge Satisfied:	12/03/05
Status:	SATISFIED
Person(s) Entitled:	BANK OF INDIA
Amount Secured:	THE SUM OF 3 MILLION POUNDS STERLING DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
Details:	F/H UNIT 2 GATEWAY XIII 54 FERRY LANE BIRMINGHAM THE BENEFIT OF ALL CONTRACTS AGREEMENTS RIGHT SECURITIES COVENANTS GUARANTEES BONDS AND INEMNITIES OF ANY NATURE INCLUDING ALL INSURANCE POLICIES AND CONTRACTS OF INSURANCE SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	FIXED AND FLOATING CHARGE OVER DEBTS
Date Charge Created:	07/09/99
Date Charge Registered:	14/09/99
Date Charge Satisfied:	10/09/05
Status:	SATISFIED
Person(s) Entitled:	FORTIS BANK SA-NV
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ALL BOOK AND OTHER DEBTS FLOATING CHARGE OVER THE DEBTS AND THE PROCEEDS OF THEDEBTS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	FLOATING CHARGE
Date Charge Created:	30/12/97
Date Charge Registered:	31/12/97
Date Charge Satisfied:	-
Status:	PARTIAL PROPERTY RELEASE
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:	FLOATING CHARGE ALL THE PROPERTY ASSETSAND RIGHTS OF THE COMPANY PRESENT AND FUTURE WHEREVER SITUATE(SUBJECT TO THE PRIOR FLOATING CHARGES IN FAVOUR OF BANK OF INDIA AND RABOBANK INTERNATIONAL LONDONBRANCH),(THE "CHARGED PROPERTY")
Mortgage Type:	SUPPLEMENTAL DEBENTURE
Date Charge Created:	19/08/96
Date Charge Registered:	23/08/96
Date Charge Satisfied:	02/11/99
Status:	SATISFIED
Person(s) Entitled:	COOPERATIVE CENTRALE RAFFEISEN BOERENLEENBANK BA (RABOBANK, LONDON BRANCH)
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	FIXED AND FLOATING CHARGE ON ALL BOOK DEBTS AND BANK BALANCES NOW AND FROM TIMETO TIME HEREAFTER DUEOWING OR INCURREDTO THE COMPANY

Mortgage Type:	DEBENTURE
Date Charge Created:	29/03/96
Date Charge Registered:	04/04/96
Date Charge Satisfied:	-
Status:	PARTIAL PROPERTY RELEASE
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:	BY WAY OF LEGAL MORTGAGE THE FREEHOLD AND LEASEHOLD PROPERTY (IF ANY) AT THE DATE OF THE DEBENTURE VESTED IN OR CHARGEDTO THE COMPANY INCLUDING WITHOUT LIMITATION ALL THAT FREEHOLD PROPERTY AT COLDHARBOUR LANE, RAINHAM, ESSEX, RM13 9YQ, LAND REGISTRY TITLE NO. EGL 161573, FIXEDEQUITABLE CHARGE ALL ESTATES OR INTERESTS IN ANY FREEHOLD AND LEASEHOLD PROPERTY AT THE DATE OF THE DEBENTURE AND IN THE FUTURE VESTED IN OR CHARGED TO THE COMPANY EXCLUDING THE ABOVE PROPERTY, BY WAY OF FIXED CHARGE ALL THE PLANT, MACHINERY, FIXTURES, FITTINGS AND FURNITURE AT THE DATE OF THE DEBENTURE AND ALL THEOTHERPARTICULARS AS DETAILED ON FORM M395 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	DEBENTURE
Date Charge Created:	28/09/95
Date Charge Registered:	30/09/95
Date Charge Satisfied:	02/11/99
Status:	SATISFIED
Person(s) Entitled:	COOPERATIVE CENTRALE RAIFFEISEN BOERENLEENBANK BA (RABOBANK,LONDON BRANCH)
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	FIXED AND FLOATING CHARGE ON ALL BOOK DEBTS,OTHER DEBTS AND BANK BALANCES NOW AND FROM TIME TO TIMEHEREAFTER,OWING OR INCURRED TO THE COMPANY

Mortgage Type:	DEBENTURE
Date Charge Created:	14/08/89
Date Charge Registered:	22/08/89
Date Charge Satisfied:	23/05/03
Status:	SATISFIED
Person(s) Entitled:	THE HONGKONG AND SHANGHAI BANKING CORPORATION
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	F/H PROPERTY AT COLDHARBOUR LANE RAINHAM ESSEX RM 13 9YQ T/N -EGL 161573 (BUT EXCLUDING THE LEICESTER PROPERTY) FIXED CHARGE OVER ALL ESTATES OR INTERESTS IN ANY FREEHOLD AND LEASEHOLD PROPERTIES NOWAND IN THE FUTURE;FIXED CHARGE OVER ALLTHE PLANT,MACHINERY,FIXTURES,FITTINGS AND FURNITURE AND ALL RIGHT TITLE AND INTEREST UNDER ANY AGREEMENTS;FIXED CHARGE OVER ALL INTELLECTUAL PROPERTY RIGHTS AND CHOSES IN ACTION NOW OR IN THE FUTURE BELONGING TO THE COMPANY RELATING TO THECHARGED PROPERTY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:
Date Charge Created:	21/07/87
Date Charge Registered:	21/07/87
Date Charge Satisfied:	12/06/92
Status:	SATISFIED
Person(s) Entitled:	EAGLE STAR INSURANCE COMPANY LIMITED
Amount Secured:	£140,000
Details:	F/HOLD LAND ON THE SOUTH SIDE OF SCUDAMORE ROAD, LEICESTER T/NO LT 60580

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	05/06/85
Date Charge Registered:	15/06/85
Date Charge Satisfied:	06/09/89
Status:	SATISFIED
Person(s) Entitled:	BANK OF INDIA
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	F/H LAND TOGETHER WITH THE JETTY AND DOLPHINS WHICH COMPRISES PART THEREOF ANDPROJECTS INTO THE RIVER THAMES,NEAR CUNIS LANE,(ALSO KNOWN AS COLDHARBOUR LANE)RAINHAM,ESSEX TOGETHER WITH ALL FIXTURES WHATSOEVER NOW OR AT ANY TIME HEREAFTER AFFIXED OR ATTACHED TO THE PROPERTY ORANY PART THEREOF AFFIXED OR ATTACHED TOTHE PROPERTY OR ANY PART THEREOF OTHER THAN TRADE MACHINERY AS DEFINED BY SECTION 5OF THE BILLS OF SALE ACT 1878.
Mortgage Type:	MORTGAGE AND GENERAL CHARGE
Date Charge Created:	14/12/79
Date Charge Registered:	04/01/80
Date Charge Satisfied:	-
Status:	PARTIAL PROPERTY RELEASE
Person(s) Entitled:	BANK OF INDIA
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	F/HOLD PROPERTY AT RAINHAM; T/NO EGL 161573 AND ALL OTHER FUTURE FREEHOLD AND LEASEHOLD PROPERTY EXISTING AND FUTURE PLANT,MACHINERY,FIXTURES AND FITTINGS,INTELLECTUAL PROPERTY RIGHTS AND CHOSES IN ACTION AND CLAIMS

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	2	£11,684
Company Name		Amount	Statement Date
African Import Export Company Trading Limited		£9,848	14/12/2011
Belfrost Foods Ltd		£1,836	22/11/2013

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Rohit Samani	2	9
Rashmi Thakrar	0	4
Vipul Thakrar	3	2
Shilen Thakrar	4	1
Shamil Thakrar	5	3

Average Invoice Value	£902.33
Invoices available	98
Paid	91
Outstanding	7

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	44	44	3	0	0
Outstanding	5	0	1	1	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.59.03
UK Pound	1	Rs.98.91
Euro	1	Rs.80.34

INFORMATION DETAILS

Analysis Done by :	DIV
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.