MIRA INFORM REPORT

Report Date :

10.06.2014

IDENTIFICATION DETAILS

Name :	ALLIANCEBERNSTEIN LIMITED

Formerly Known As :	ALLIANCE CAPITAL LIMITED

Registered Office :	50 Berkeley Street, London, W1J 8HA

Country :	United Kingdom

Financials (as on) :	31.12.2013

Date of Incorporation :	23.10.1990

Com. Reg. No.:	02551144

Legal Form :	Private limited with Share Capital

Line of Business :	A group engaged in investment management and administrative services to group companies.

No. of Employees :	170

RATING & COMMENTS

MIRA’s Rating :

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

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately 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: ALLIANCEBERNSTEIN LIMITED

Company No: 02551144

Registered Address: 50 BERKELEY STREET

LONDON

W1J 8HA

Company summary

Registered Address 50 BERKELEY STREET

LONDON

W1J 8HA

Trading Address 50 Berkeley Street

London

W1J 8HA

Website Address http://www.alliancebernstein.com

Telephone Number -

TPS -

FPS No

Incorporation Date 23/10/1990

Previous Name ALLIANCE CAPITAL LIMITED

Type Private limited with Share Capital

FTSE Index -

Date of Change 24/02/2006

Filing Date of Accounts 25/04/2014

Currency GBP

Share Capital £19,286,524

SIC07 66300

SIC07 Description FUND MANAGEMENT ACTIVITIES

Principal Activity A group engaged in investment management and administrative services to group companies.

Commentary

No exact match CCJs are recorded against the company.

Sales in the latest trading period increased 3% on the previous trading period.

Net Worth increased by 15.6% during the latest trading period.

A 10.9% growth in Total Assets occurred during the latest trading period.

Pre-tax profits increased by 999.9% compared to the previous trading period.

The company saw a decrease in their Cash Balance of 13.5% 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 23 years ago.

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	6
Total Current Secretaries	2
Total Previous Directors / Company Secretaries	37

Current Directors

Name	Timothy Fabrice Ryan	Date of Birth	04/06/1969
Officers Title	Mr	Nationality
Present Appointments	1	Function	Director
Appointment Date	01/03/2012
Address	50 Berkeley Street, London, W1J 8HA
Other Actions	View Director Report	View Consumer Report

Name	Avraham Lavi	Date of Birth	24/05/1966
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	01/08/2007
Address	50 Berkeley Street, London, W1J 8HA
Other Actions	View Director Report	View Consumer Report

Name	Patrick Joseph Rudden	Date of Birth	03/01/1963
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	01/01/2011
Address	50 Berkeley Street, London, W1J 8HA
Other Actions	View Director Report	View Consumer Report

Name	Sharon Ellen Fay	Date of Birth	19/06/1960
Officers Title	Ms	Nationality	American
Present Appointments	1	Function	Director
Appointment Date	01/10/2012
Address	50 Berkeley Street, London, W1J 8HA
Other Actions	View Director Report	View Consumer Report

Name	Robert Marshall Keith Jr	Date of Birth	04/05/1960
Officers Title	Mr	Nationality	American
Present Appointments	1	Function	Director
Appointment Date	01/10/2012
Address	50 Berkeley Street, London, W1J 8HA
Other Actions	View Director Report	View Consumer Report

Name	Douglas James Peebles	Date of Birth	10/08/1965
Officers Title	Mr	Nationality	American
Present Appointments	1	Function	Director
Appointment Date	01/10/2012
Address	50 Berkeley Street, London, W1J 8HA
Other Actions	View Director Report	View Consumer Report

Current Company Secretary

Name	Mark Manley	Date of Birth	23/10/1962
Officers Title	Mr	Nationality	American
Present Appointments	11	Function	Company Secretary
Appointment Date	05/04/2000
Address	3 Woodstone Court, Huntington, New York 11746

Name	Andrew Robert Fowler	Date of Birth	-
Officers Title	Mr	Nationality
Present Appointments	1	Function	Company Secretary
Appointment Date	12/06/2012
Address	50 Berkeley Street, London, W1J 8HA

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
ALLIANCEBERNSTEIN PREFERRED LTD	GBP	9,651,994	PREFERENCE	1	50.05
ALLIANCEBERNSTEIN HOLDINGS LTD	GBP	9,634,530	ORDINARY B	1	49.95

Profit & Loss

Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
Consolidated A/cs	Y	(%)	Y	(%)	Y	(%)	Y	(%)	Y
Turnover	£92,658,686	3%	£89,934,142	-13%	£103,412,839	-15.2%	£121,886,396	-14.6%	£142,756,007
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-
Wages & Salaries	£41,964,115	-1.2%	£42,495,300	-48.9%	£83,164,823	30.3%	£63,811,029	-5.5%	£67,533,567
Directors Emoluments	£3,859,048	-29.4%	£5,466,467	-64.5%	£15,387,448	216.3%	£4,865,206	-8.1%	£5,296,371
Operating Profit	£19,823,557	999.9%	£1,268,798	108.6%	-£14,780,848	-160.6%	£24,395,681	-14.5%	£28,531,212
Depreciation	£1,551,258	-40.7%	£2,614,496	-20.1%	£3,270,791	-7.2%	£3,524,430	-3.3%	£3,645,653
Audit Fees	£93,870	3.5%	£90,734	27.9%	£70,941	8.5%	£65,375	26.6%	£51,625
Interest Payments	£7	-99.4%	£1,101	-77.9%	£4,977	-88.2%	£42,169	-	-
Pre Tax Profit	£19,949,302	999.9%	£1,402,228	109.6%	-£14,616,825	-158.6%	£24,964,110	-14.2%	£29,084,237
Taxation	-£5,509,436	-999.9%	-£338,485	-278.3%	£189,791	102.4%	-£7,802,133	10.3%	-£8,694,497
Profit After Tax	£14,439,866	999.9%	£1,063,743	107.4%	-£14,427,034	-184.1%	£17,161,977	-15.8%	£20,389,740
Dividends Payable	-	-	-	-	-	-100%	£131,671,912	-	-
Retained Profit	£14,439,866	999.9%	£1,063,743	107.4%	-£14,427,034	87.4%	-£114,509,935	-661.6%	£20,389,740

Balance Sheet

Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
Tangible Assets	£5,985,189	-7.4%	£6,460,875	-47.6%	£12,332,757	8.6%	£11,353,468	-15.6%	£13,455,026
Intangible Assets	0	-	0	-	0	-	0	-	0
Total Fixed Assets	£5,985,189	-7.4%	£6,460,875	-47.6%	£12,332,757	8.6%	£11,353,468	-15.6%	£13,455,026
Stock	0	-	0	-	0	-	0	-	0
Trade Debtors	£2,491,392	-44.8%	£4,511,738	39.7%	£3,228,772	-28.4%	£4,508,149	-16.5%	£5,398,773
Cash	£35,296,176	-13.5%	£40,800,854	-24.5%	£54,071,861	-14.4%	£63,171,065	102.8%	£31,143,430
Other Debtors	£96,405,165	29.3%	£74,542,512	42.3%	£52,367,804	13.3%	£46,217,200	-34.6%	£70,705,254
Miscellaneous Current Assets	£5,000	-93.3%	£74,957	6.9%	£70,109	-99.5%	£14,066,861	-88.4%	£121,178,310
Total Current Assets	£134,197,733	11.9%	£119,930,061	9.3%	£109,738,546	-14.2%	£127,963,275	-44%	£228,425,767
Trade Creditors	£64,246	38.2%	£46,485	-18.4%	£56,945	6%	£53,733	-40.5%	£90,350
Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
Other Short Term Finance	£1,294,543	-76%	£5,382,807	34.9%	£3,991,441	53.6%	£2,598,425	9.9%	£2,364,396
Miscellaneous Current Liabilities	£28,015,856	12.5%	£24,896,434	1.7%	£24,486,078	-13%	£28,134,937	3.8%	£27,111,487
Total Current Liabilities	£29,374,645	-3.1%	£30,325,726	6.3%	£28,534,464	-7.3%	£30,787,095	4.1%	£29,566,233
Bank Loans & Overdrafts and LTL	£3,895,898	7.9%	£3,611,577	69.6%	£2,129,487	-20.3%	£2,673,483	68.6%	£1,585,757
Other Long Term Finance	£727,759	-50%	£1,455,479	-4.5%	£1,524,480	-43%	£2,673,483	68.6%	£1,585,757
Total Long Term Liabilities	£3,895,898	7.9%	£3,611,577	69.6%	£2,129,487	-20.3%	£2,673,483	68.6%	£1,585,757

Capital & Reserves

Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
Called Up Share Capital	£19,286,524	-	£19,286,524	-	£19,286,524	-	£19,286,524	99.8%	£9,651,994
P & L Account Reserve	£87,625,855	19.8%	£73,167,109	1.5%	£72,120,828	-16.7%	£86,569,641	-56.9%	£201,076,809
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	£106,912,379	15.6%	£92,453,633	1.1%	£91,407,352	-13.6%	£105,856,165	-49.8%	£210,728,803

Other Financial Items

Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
Net Worth	£106,912,379	15.6%	£92,453,633	1.1%	£91,407,352	-13.6%	£105,856,165	-49.8%	£210,728,803
Working Capital	£104,823,088	17%	£89,604,335	10.3%	£81,204,082	-16.4%	£97,176,180	-51.1%	£198,859,534
Total Assets	£140,182,922	10.9%	£126,390,936	3.5%	£122,071,303	-12.4%	£139,316,743	-42.4%	£241,880,793
Total Liabilities	£33,270,543	-2%	£33,937,303	10.7%	£30,663,951	-8.4%	£33,460,578	7.4%	£31,151,990
Net Assets	£106,912,379	15.6%	£92,453,633	1.1%	£91,407,352	-13.6%	£105,856,165	-49.8%	£210,728,803

Miscellaneous

Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
Capital Employed	£110,808,277	15.3%	£96,065,210	2.7%	£93,536,839	-13.8%	£108,529,648	-48.9%	£212,314,560
Number of Employees	170	-12.4%	194	-30.7%	280	-8.2%	305	-19.5%	379
Auditors	PRICEWATERHOUSECOOPERS LLP
Auditor Comments	The audit report contains no adverse comments
Bankers	HSBC BANK PLC
Bank Branch Code	40-05-26

Ratios

Date Of Accounts	31/12/13	31/12/12	31/12/11	31/12/10	31/12/09
Pre-tax profit margin %	21.53	1.56	-14.13	20.48	20.37
Current ratio	4.57	3.95	3.85	4.16	7.73
Sales/Net Working Capital	0.88	1	1.27	1.25	0.72
Gearing %	3.60	3.90	2.30	2.50	0.80
Equity in %	76.30	73.10	74.90	76	87.10
Creditor Days	0.25	0.18	0.20	0.16	0.23
Debtor Days	9.78	18.26	11.36	13.46	13.76
Liquidity/Acid Test	4.56	3.95	3.84	4.15	7.72
Return On Capital Employed %	18	1.45	-15.62	23	13.69
Return On Total Assets Employed %	14.23	1.10	-11.97	17.91	12.02
Current Debt Ratio	0.27	0.32	0.31	0.29	0.14
Total Debt Ratio	0.31	0.36	0.33	0.31	0.14
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	18.65	1.51	-15.99	23.58	13.80

Status History

No Status History found

*Event History

Date	Description
06/05/2014	New Accounts Filed
06/05/2014	New Accounts Filed
30/07/2013	Annual Returns
04/06/2013	New Accounts Filed
04/06/2013	New Accounts Filed
30/05/2013	Mr A. Husain has left the board
09/01/2013	Mr R.H. Haxe has left the board
22/11/2012	Mr J. Ross has left the board
22/11/2012	Mr R.M. Alster has left the board
04/10/2012	New Board Member Mr D.J. Peebles appointed
04/10/2012	New Board Member Mr R.M. Keith Jr appointed
04/10/2012	New Board Member Ms S.E. Fay appointed
03/10/2012	Mrs M. Fedak has left the board
21/07/2012	Annual Returns
15/06/2012	Ms D.M. Samuels has resigned as company secretary

Previous Company Names

Date	Previous Name
24/02/2006	ALLIANCE CAPITAL LIMITED
10/03/1997	CURSITOR ALLIANCE MANAGEMENT LIMITED
26/03/1996	ALLIANCE CAPITAL LIMITED
03/04/1991	ALLIANCE CAPITAL MANAGEMENT LIMITED

Statistics

Group	166 companies
Linkages	695 companies
Countries	In 61 countries

Summary

Holding Company	-
Ownership Status	Wholly Owned
Ultimate Holding Company	AXA

Group structure

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
AXA	572093920	31.12.2011	N
AXA EQUITY & LAW PUBLI...	02111194	30.06.2013	N
AXA EQUITY & LAW HOM...	02243782	31.12.2012	N
AXA UK PLC	02937724	31.12.2012	N
AXA SUN LIFE DIRECT...	00586343	31.12.2013	N	£331,965
WINTERTHUR UK FINANC...	03116678	31.12.2013	N
WINTERTHUR FINANCI...	03017052	31.12.2013	N
WINTERTHUR FINANC...	00823355	31.12.2013	N	£218,497,000
WINTERTHUR TRUSTE...	02155360	31.12.2013	N
WINTERTHUR LIFE UK...	03223752	31.12.2013	N
AXA WEALTH LIMITED	01225468	31.12.2013	N	£127,205,000
AXA WEALTH SERVIC...	02238458	31.12.2013	N	£18,841,000
WINTERTHUR 1 LIMITED	00019772	31.12.2012	N
SUN LIFE AND PROVINC...	03821059	31.12.2012	N
ARCHITAS MULTI-MANAG...	06458717	31.12.2013	N	£45,726,000
ARCHITAS ADVISORY SE...	07055766	31.12.2013	N	£3,496,000
AXA PORTFOLIO SERVIC...	01128611	31.12.2013	N	£23,027,000
AXA EQUITY & LAW U...	00949016	31.12.2012	N
BLUEFIN GROUP LIMITED	05936990	31.12.2012	N
SBJ GROUP PENSION...	01320773	31.12.2012	N
OLDCO (NO.1) LIMITED	01565718	31.12.2012	N
SBJ GROUP LIMITED	03630730	31.12.2012	Y	£23,462,000
MORGAN JAMES & CO...	02672838	31.12.2012	N
BLUEFIN ADVISORY...	05936981	31.12.2012	N
BLUEFIN WEALTH...	06722401	31.12.2012	N
THINC GROUP L...	03020619	31.12.2012	N	£3,235,091
THINC ENTITIE...	04836733	31.12.2012	N
BLUEFIN MANAG...	05350956	31.12.2012	N	£12,088,186
BLUEFIN PERSO...	03800816	31.12.2012	N	£5,771,792
THINC GROUP HOL...	05383911	31.12.2012	N
THINC ASSURED...	03869294	31.12.2012	N
THINC NETWORK...	04257807	31.12.2012	N
BLUEFIN INSURANCE...	03251684	31.12.2012	Y	£119,375,631
SBJ (NO.2) LIMITED	00239293	31.12.2012	N
BLUEFIN INSURANCE...	00931954	31.12.2012	N	£115,171,835
ROSS LLOYD LIMITED	01484123	31.12.2012	N
SBJ HOLDINGS LIMITED	01660078	31.12.2012	N
COX, HEPBURN (INS...	01718450	31.12.2010	N
COX, HEPBURN (F...	02096955	31.10.1997	N	£206,752
BLUEFIN INSURANCE...	02233432	31.12.2012	N
LAYTON BLACKHAM G...	02403909	31.12.2012	N
BONSURE INSURANCE...	04206065	30.04.2013	N
BBPS LIMITED	04659849	31.12.2012	N	£4,203,796
BLUEFIN UNDERWRIT...	06684776	31.12.2012	N
SBJ STEPHENSON GR...	02196347	31.12.2012	N
GBI (HOLDINGS) LTD	05262530	31.12.2012	N
SWIFTCOVER INSURAN...	05298352	31.12.2012	N	£86,233,000
SUPPLIER AND INCI...	04885309	31.12.2012	Y	£15,816,872
SIMS CLAIMS SER...	05444786	31.12.2012	N	£13,244,880
KNIGHT REHABILI...	05806268	31.12.2012	N	£492,354
KNIGHT LAW LIMITED	05119643	31.12.2012	N	£2,079,638
EATON KAYE LTD	05361270	28.02.2013	N	£334,460
GUARDIAN ROYAL EXCHA...	01821312	31.12.2012	Y	£3,988,000,000
AXA SERVICES LIMITED	00446043	31.12.2013	N	£400,647,000
IGNITION NEW BUSI...	04857208	31.12.2012	N	£240,276
AXA INSURANCE PLC	00932111	31.12.2012	N
AXA INSURANCE UK PLC	00078950	31.12.2012	N	£2,391,700,000
AXA PPP HEALTHC...	03148119	31.12.2013	N	£1,183,200,000
AXA GENERAL INS...	00141885	31.12.2012	N
AQUIS SECURIT...	00091219	31.12.2012	N
AQUIS PROPE...	00085133	31.12.2012	N
AQUIS EST...	00599945	31.12.2012	N
AXA UK PENSION TR...	00477312	31.12.2012	N
AXA HOLDINGS IREL...	IE251284	31.12.2012	N
AXA IRELAND LIM...	IE145359	31.12.2012	N
AXA FINANCIAL...	IE160083	31.12.2012	N
AXA GROUP SER...	IE205430	31.12.2012	N
AXA INSURANCE...	IE136155	31.12.2012	N	€489,163,000
ROYAL EXCHANGE AS...	ZC000080	31.12.2012	N
AXA PPP HEALTHCARE...	03148346	31.12.2012	N	£105,642,000
AXA PPP HEALTHCAR...	03429917	31.12.2012	N	£10,930,000
HEALTH-ON-LINE CO...	03655704	31.12.2012	N	£34,246,078
SECUREHEALTH (HOL...	05218262	31.12.2012	N
SECUREHEALTH LI...	03039521	31.12.2012	N	£7,170,000
INDEPENDENT SAL...	04907859	31.12.2012	N	£10,140,731
AXA ICAS OCCUPATI...	01336017	31.12.2012	N	£9,832,000
ICAS INTERNATIONA...	03245537	31.12.2012	N
ICAS INTERNATIO...	04425123	31.12.2012	N	£427,000
AXA ICAS LIMITED	02548573	31.12.2012	N	£7,213,000
PRIPLAN INVESTMEN...	01439123	31.12.2012	N
GRE NOMINEE SHAREH...	00989824	31.12.2012	N
SUN LIFE CORPORATION...	01989351	31.12.2012	N
SUN LIFE INTERNATI...	00558514	31.12.2012	N
SUN LIFE SMC LIMITED	02638607	31.12.2012	N
AXA ROSENBERG GROUP LLC	N/A	-	-
AXA ROSENBERG INVEST...	02426077	31.12.2012	N
AXA ROSENBERG MANAGE...	IE310308	31.12.2012	N	€20,493,950
ALLIANCE BERNSTEIN COR...	N/A	-	-
SANFORD C. BERNSTEIN...	03760267	31.12.2012	N	£67,576,068
SANFORD C. BERNSTE...	04212129	31.12.2012	N
ALLIANCEBERNSTEIN HOLD...	N/A	-	-
ALLIANCEBERNSTEIN PR...	07095725	31.12.2013	N
ALLIANCEBERNSTEIN INTE...	N/A	-	-
ALLIANCEBERNSTEIN LI...	02551144	31.12.2013	Y	£92,658,686
ALLIANCEBERNSTEIN...	01961063	31.12.2013	N	£23,185,820
ALLIANCEBERNSTEIN HO...	07095980	31.12.2013	N
ARCHITAS MULTI - MANAG...	IE462350	31.12.2012	N	€25,925,170
AXA ART VERSICHERUNG AG	HRB 32170	31.12.2012	N
AXA ART INSURANCE LI...	00293215	31.12.2013	Y	£24,630,000
AXA ART SERVICES L...	02747949	31.12.2013	N	£4,103,932
AXA ASSISTANCE DEUTSCH...	HRB 81954	31.12.2012	N	€25,541,008
AXA ASSISTANCE SA	410011209	31.12.2011	N	€18,099,562
INTER PARTNER ASSIST...	415591055	31.12.2012	N
AXA ASSISTANCE (U....	02638890	31.12.2012	N	£9,955,000
AXA ASSISTANCE (U...	IE905340	-	N
AXA ASSISTANCE IRE...	IE230753	31.12.2012	N	€3,235,564
AXA ASSISTANCE PARTICI...	N/A	-	-
WHITECONCIERGE LIMITED	06203706	31.12.2012	N	£4,614,699
AXA CORPORATE SOLUTION...	399227354	-	N
AXA CORPORATE SOLUTI...	01020242	31.12.2012	N
AXA FRANCE VIE	310499959	-	N
MATIGNON LEVERAGED L...	IE406503	30.11.2012	N	€90,078,965
AXA LIFE INVEST SERVIC...	IE466376	31.12.2012	N	€26,988,906
AXA GROUP SOLUTIONS SA	FC026576	31.12.2007	N	£41,009,171
AXA INVESTMENT MANAGERS	393051826	31.12.2012	N	€67,462,522
AXA ASSET MANAGEMENT...	03313390	31.12.2012	N
AXA INVESTMENT MANAG...	00621123	31.12.2012	N
AXA FRAMLINGTON GROU...	01237167	31.12.2012	N	£12,750,000
AXA INVESTMENT MAN...	01431068	31.12.2012	N	£226,014,760
AXA FRAMLINGTON I...	01858790	31.12.2012	N
AXA INVESTMENT MANAG...	03601496	31.12.2012	N	£16,792,335
AXA INVESTMENT MANAG...	03886111	31.12.2012	N	£40,579,975
NEWGATE ONE LIMITED	02446312	31.12.2012	N
NEWGATE TWO LIMITED	02053699	31.12.2012	N
AXA INVESTMENT MANAG...	IE360903	31.12.2012	N	€9,134,170
ARDIAN	403081714	31.12.2012	N
ARDIAN INVESTMENT UK...	05654928	31.12.2012	N	£32,319,076
AXA LIABILITIES MANAGERS	443984778	31.12.2008	N	€39,432,498
HELIX UK LIMITED	02984555	31.12.2013	N	£523,353
AXA LIFE EUROPE LIMITED	IE410727	31.12.2012	N	€544,727,000
AXA REAL ESTATE INVEST...	414872028	31.12.2012	N	€8,308,721
AXA REAL ESTATE INVE...	03961977	31.12.2012	N	£568,788
AXA REAL ESTATE IN...	01115775	31.12.2012	N	£16,396,272
GOBAFOSS GENERAL...	04439677	31.12.2012	N	£15,000
CHEAPSIDE GENERAL...	04462808	31.12.2012	N
DAGENHAM (GENERAL...	05290521	31.12.2012	N
DAGENHAM NOMINE...	05290507	31.12.2012	N
SEORF (GENERAL PA...	05297270	31.12.2012	N
SEORF NO. 2 LIM...	05297271	31.12.2011	N
CLEMENTS HOUSE GE...	05649855	31.12.2012	N
CLEMENTS HOUSE...	05649853	31.12.2012	N
CLEMENTS HOUSE...	05649870	31.12.2012	N
REOF II (GP) LIMITED	05924926	31.12.2012	N
UK REGENERATION L...	05950675	31.12.2012	N
ALTERNATIVE PROPE...	06038068	30.06.2013	N	£855
UK LONG LEASE PRO...	08261260	31.03.2013	N	£39
UK LONG LEASE P...	08293686	-	N
UK LONG LEASE P...	08294227	-	N
EUROPEAN ADDED VA...	SC296510	31.07.2013	N
AXA LIFE INVEST REINSU...	IE458155	31.12.2012	N	€132,051,000
AXA TECHNOLOGY SERVICES	399214287	31.12.2012	N	€167,142,115
AXA TECHNOLOGY SERVI...	01854856	31.12.2012	N	£96,975,278
AXA TRAVEL HOLDING	501685986	31.12.2012	N
AXA ASSISTANCE TRAVE...	IE426083	31.12.2012	N
AXA ASSISTANCE SERVI...	IE426085	31.12.2012	N
AXA ASSISTANCE TRAVE...	IE426086	31.12.2012	N
AXA TRAVEL INSURANCE	IE426087	31.12.2012	N	€30,113,034
AXA TRAVEL INSURANCE...	07378447	31.12.2012	N	£13,593,693
INTER PARTNER ASSIST...	IE426084	31.12.2012	N	€2,042,826
MATIGNON DERIVATIVES L...	499309292	31.12.2012	N
MATIGNON DERIVATIVES...	IE442787	31.12.2012	N	€10,687,282
MATIGNON MORTAGAGE LOA...	N/A	-	-
MML DUBLIN MORTGAGE...	IE431689	31.12.2012	N	€71,838,685
PORTMAN HOLDINGS UK LI...	01349834	31.12.2012	N
PORTMAN INSURANCE LI...	00145491	31.12.2013	N	£290,000
SOCIETE BEAUJON	632050316	31.12.2010	N

Statistics

Group	166 companies
Linkages	695 companies
Countries	In 61 countries

Other Linked companies

Name	Number	Latest Key Financials	Turnover
OUDINOT PARTICIPATIONS	451291256	31.12.2012	€23,854,442
AXA ASIA	428197149	31.12.2012
AXA ITALIA S.P.A.	MI1205514	31.12.2012	€258,642
AXA MPS ASSICURAZIONI VITA SOCIETA' PER AZIONI ED IN FORMA ABBREVIATA AXA MPS VITA S.P.A.	RM383155	-
AXA FRANCE ASSURANCE	334356672	31.12.2012
MATIGNON DEVELOPPEMENT 3	440498160	31.12.2012
MATIGNON DEVELOPPEMENT 2	440498368	31.12.2012
AXA ASSICURAZIONI SPA	MI1576311	31.12.2007
AXA VERSICHERUNG AKTIENGESELLSCHAFT	HRB 21298	31.12.2012
AXA CHINA	409155934	31.12.2012
AXA MILLESIMES	702047424	31.12.2012
DBV HOLDING AKTIENGESELLSCHAFT	HRB 7747	31.12.2009	€1,951,000
AXA KONZERN AKTIENGESELLSCHAFT	HRB 672	31.12.2012	€311,639,000
VENDOME PARTICIPATIONS 3	399198100	31.12.2012	€8,651
AXA SELECTIV'IMMO	324571124	13.05.2012	€689,351
AXA INFRASTRUCTURE INVESTISSEMENT	489695957	31.12.2012
AXA LUXEMBOURG S.A.	B35944	31.12.2012
GAMBETTA OFFICES	484537949	31.12.2012
LOR PATRIMOINE	408977379	31.12.2012
WINCOM VERSICHERUNGS-HOLDING AKTIENGESELLSCHAFT	HRB 64335	31.12.2010	€2,000

Exact CCJ Details

No CCJs found

Possible CCJs Details

There are no possible CCJ details

Writ Details

No writs found

Mortgage Details

Mortgage Type:	DEED OF RENT DEPOSIT
Date Charge Created:	26/01/95
Date Charge Registered:	02/02/95
Date Charge Satisfied:	09/09/08
Status:	SATISFIED
Person(s) Entitled:	LAND SECURITIES PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER A LEASE OF EVEN DATE
Details:	£467,370
Mortgage Type:	RENT DEPOSIT DEED
Date Charge Created:	30/09/92
Date Charge Registered:	01/10/92
Date Charge Satisfied:	09/09/08
Status:	SATISFIED
Person(s) Entitled:	TOMEN CORPORATION
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF THE CHARGE
Details:	FIXED CHARGE THE TENANTS INTEREST IN THEDEPOSIT SUM OF £108,750 AS A CONTINUINGSECURITY SEE 395 30L 1/10 FOR FULL DETAILS

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	-	-
No Debtor Data

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
David Andrew Steyn	1	4
Elzbieta Grazyna Banz	0	5
Hugh Mccurdy Eaton	2	4
David Harrell Williams	0	1
Mark Herbert Breedon	0	3
Joseph Clarke Williams	0	2
Richard Irving Morris	7	19
Erickson Nichols Perkins	0	1
Stephen Beinhacker	0	3
Patrick Ravenscroft	2	7
Kathleen Ann Corbet	1	10
Joy Karen Smallwood	1	19
Joy Karen Smallwood	1	19
Mark Anton Luning	0	4
Bruce William Calvert	1	1
Acmiie Jenell Manookian	0	1
Edward Daniel Baker	6	5
Rolf Banz	0	4
Jon Groom	0	16
Jon Groom	0	16
Donna Marie Samuels	16	2
Norman Bergel	2	1
Martin Adam Reeves	0	4
Steen Steincke	0	12
Sharon Fay	0	3
Ian Edward Lloyd	0	5
Christopher Moussa Toub	3	2
Robert Michael David Alster	1	4
Claude Andre Chene	5	5
James Mcconville Ross	1	1
Hans Peter Ziegler	0	1
Glenn Wellman	4	19
Justin Passfield	1	4
Greg Tencza	0	1
Richard Henry Haxe	0	1
Arif Husain	0	2
Marilyn Fedak	0	1

Average Invoice Value	£1267.20
Invoices available	1
Paid	1
Outstanding	0

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	0	1	0	0	0
Outstanding	0	0	0	0	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.59.06
UK Pound	1	Rs.99.35
Euro	1	Rs.80.62

INFORMATION DETAILS

Analysis Done by :	DIV

Report Prepared by :	NNA

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