MIRA INFORM REPORT

Report Date :

25.06.2014

IDENTIFICATION DETAILS

Name :	BUNZL UK LIMITED
Formerly Known As :	BUNZL OUTSOURCING SERVICES UK LIMITED
Registered Office :	York House 45 Seymour Street, London W1H 7JT
Country :	United Kingdom
Financials (as on) :	31.12.2012
Date of Incorporation :	25.02.1994
Com. Reg. No.:	02902454
Legal Form :	Private limited with Share Capital
Line of Business :	Wholesale distribution of cleaning, hygiene and associated products, catering disposables, personal protection equipment and food packaging equipment and supplies.
No. of Employees :	2318

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
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: BUNZL UK LIMITED

Company No: 02902454

Registered Address: YORK HOUSE 45 SEYMOUR STREET LONDON W1H 7JT

Company summary

Registered Address YORK HOUSE 45 SEYMOUR STREET

LONDON
W1H 7JT

Trading Address York House

45 Seymour Street

London
W1H 7JT

Head Office Greenham House, 671 London Road, Isleworth, Middlesex TW7 4EX, United Kingdom

Website Address http://www.bunzlcatering.co.uk

Telephone Number 01372736300

TPS No

FPS No

Incorporation Date 25/02/1994

Previous Name BUNZL OUTSOURCING SERVICES UK LIMITED

Type Private limited with Share Capital

FTSE Index -

Date of Change 30/06/2006

Filing Date of Accounts 19/06/2013

Currency GBP

Share Capital £369,946

SIC07 46900

Charity Number -

SIC07 Description NON-SPECIALISED WHOLESALE TRADE

Principal Activity Wholesale distribution of cleaning, hygiene and associated products, catering disposables, personal protection equipment and food packaging equipment and supplies.

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

31/12/2012 £562,419,000 £22,568,000 £69,489,000 2318

31/12/2011 £540,850,000 £27,092,000 £62,192,000 2385

31/12/2010 £500,860,000 £29,954,000 £64,062,000 2293

Mortgage Summary

Total Mortgage 3

Outstanding 0

Satisfied 3

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 1

Total Value of Documented Trade £6,992

Commentary

Multiple CCJ's recorded against the company.

Sales in the latest trading period increased 4% on the previous trading period.

Net Worth increased by 48% during the latest trading period.

A 6.8% growth in Total Assets occurred during the latest trading period.

Pre-tax profits decreased by 16.7% compared to the previous trading period.

The company saw an increase in their Cash Balance of 82.2% 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 20 years ago.

CCJ

Total Number of Exact CCJs -	2	Total Value of Exact CCJs -	£3,940
Total Number of Possible CCJs -	0	Total Value of Possible CCJs -
Total Number of Satisfied CCJs -	1	Total Value of Satisfied CCJs -	£1,396
Total Number of Writs -	-

Exact CCJ Details

Date	Court	Amount	Status	Case Number	Date Paid
27/10/2010	WATFORD	£522	Judgement	0WD01473	-
19/04/2010	LAMBETH	£3,418	Judgement	0UA08439	-
05/01/2010	WILLESDEN	£1,396	Satisfied	9WI04597	16/02/2010

Total Current Directors	13
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	26

Current Directors

Name	Michael John Patrick Kenny	Date of Birth	18/02/1958
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	12/10/2009
Address	Bunzl Plc York House, 45 Seymour Street, London, W1H 7JT
Other Actions	View Director Report	View Consumer Report

Name	Charles Paul Budge	Date of Birth	19/11/1964
Officers Title	Mr	Nationality	British
Present Appointments	9	Function	Director
Appointment Date	19/11/2001
Address	Bunzl Plc York House, 45 Seymour Street, London, W1H 7JT
Other Actions	View Director Report	View Consumer Report

Name	Paul Charles Watt	Date of Birth	13/12/1953
Officers Title	Mr	Nationality	British
Present Appointments	10	Function	Director
Appointment Date	05/03/2003
Address	Bunzl Plc York House, 45 Seymour Street, London, W1H 7JT
Other Actions	View Director Report	View Consumer Report

Name	Matthew Ronald Johnson	Date of Birth	18/10/1966
Officers Title	Mr	Nationality	Australian
Present Appointments	4	Function	Director
Appointment Date	09/08/2004
Address	Bunzl Plc York House, 45 Seymour Street, London, W1H 7JT
Other Actions	View Director Report	View Consumer Report

Name	John Richard Spencer Burton	Date of Birth	02/02/1967
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	24/01/2006
Address	Bunzl Plc York House, 45 Seymour Street, London, W1H 7JT
Other Actions	View Director Report	View Consumer Report

Name	George David Nicholas Tarratt	Date of Birth	20/12/1975
Officers Title	Mr	Nationality	British
Present Appointments	3	Function	Director
Appointment Date	10/04/2007
Address	Bunzl Plc York House, 45 Seymour Street, London, W1H 7JT
Other Actions	View Director Report	View Consumer Report

Name	Laurence Walter Hill	Date of Birth	30/10/1980
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	07/05/2013
Address	Bunzl Plc York House, 45 Seymour Street, London, W1H 7JT
Other Actions	View Director Report	View Consumer Report

Name	Alastair Paul McLaughlin	Date of Birth	18/05/1965
Officers Title	Mr	Nationality	Irish
Present Appointments	3	Function	Director
Appointment Date	13/01/2011
Address	Bunzl Plc York House, 45 Seymour Street, London, W1H 7JT
Other Actions	View Director Report	View Consumer Report

Name	Richard Darragh Kelly	Date of Birth	02/02/1959
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	13/01/2011
Address	Bunzl Plc York House, 45 Seymour Street, London, W1H 7JT
Other Actions	View Director Report	View Consumer Report

Name	Andrew Tedbury	Date of Birth	20/04/1964
Officers Title	Mr	Nationality	British
Present Appointments	3	Function	Director
Appointment Date	01/11/2006
Address	Bunzl Plc York House, 45 Seymour Street, London, W1H 7JT
Other Actions	View Director Report	View Consumer Report

Name	Steven Robert Norris	Date of Birth	14/09/1979
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	10/10/2011
Address	Bunzl Plc York House, 45 Seymour Street, London, W1H 7JT
Other Actions	View Director Report	View Consumer Report

Name	Georgina Alexandra Elizabeth Thompson	Date of Birth	29/08/1976
Officers Title	Mrs	Nationality	British
Present Appointments	8	Function	Director
Appointment Date	01/02/2013
Address	Bunzl Plc York House, 45 Seymour Street, London, W1H 7JT
Other Actions	View Director Report	View Consumer Report

Name	Paul Anthony James Nieduszynski	Date of Birth	24/11/1975
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	07/11/2013
Address	Bunzl Plc York House, 45 Seymour Street, London, W1H 7JT
Other Actions	View Director Report	View Consumer Report

Current Company Secretary

Name	Paul Nicholas Hussey	Date of Birth	11/01/1959
Officers Title	Mr	Nationality	British
Present Appointments	134	Function	Company Secretary
Appointment Date	30/04/1996
Address	Bunzl Plc York House, 45 Seymour Street, London, W1H 7JT

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
LOCKHART CATERING EQUIPMENT LTD	GBP	369,946	ORDINARY S	1	100

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	£562,419,000	4%	£540,850,000	8%	£500,860,000	-3.6%	£519,645,000	11.7%	£465,360,000
Export	£19,716,000	8.9%	£18,108,000	514.7%	£2,946,000	-26.5%	£4,010,000	11.4%	£3,601,000
Cost of Sales	£392,847,000	4.8%	£374,913,000	9.4%	£342,563,000	-4.7%	£359,519,000	14%	£315,483,000
Gross Profit	£169,572,000	2.2%	£165,937,000	4.8%	£158,297,000	-1.1%	£160,126,000	6.8%	£149,877,000
Wages & Salaries	£73,023,000	1.3%	£72,088,000	7.4%	£67,099,000	-1.3%	£67,964,000	11.5%	£60,958,000
Directors Emoluments	£2,639,000	6.7%	£2,474,000	19.8%	£2,065,000	19.9%	£1,722,000	-3.8%	£1,790,000
Operating Profit	£36,106,000	-3.4%	£37,358,000	-8.4%	£40,782,000	10.1%	£37,033,000	1%	£36,671,000
Depreciation	£2,315,000	-12.6%	£2,650,000	-5.6%	£2,807,000	-8.4%	£3,064,000	16%	£2,641,000
Audit Fees	£145,000	-13.2%	£167,000	7.1%	£156,000	-20.4%	£196,000	1.6%	£193,000
Interest Payments	£13,538,000	8.9%	£12,429,000	7.5%	£11,561,000	70.7%	£6,774,000	-48.4%	£13,127,000
Pre Tax Profit	£22,568,000	-16.7%	£27,092,000	-9.6%	£29,954,000	-7%	£32,209,000	28.6%	£25,054,000
Taxation	-£102,000	99%	-£9,785,000	-19.1%	-£8,216,000	15.7%	-£9,751,000	-23.1%	-£7,921,000
Profit After Tax	£22,466,000	29.8%	£17,307,000	-20.4%	£21,738,000	-3.2%	£22,458,000	31.1%	£17,133,000
Dividends Payable	£16,000,000	-20%	£20,000,000	-	-	-100%	£18,000,000	125%	£8,000,000
Retained Profit	£6,466,000	340.1%	-£2,693,000	-112.4%	£21,738,000	387.6%	£4,458,000	-51.2%	£9,133,000

Balance Sheet

Date Of Accounts	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08
Tangible Assets	£17,285,000	-3.4%	£17,892,000	-80.4%	£91,057,000	-29.8%	£129,750,000	-0.4%	£130,323,000
Intangible Assets	£36,131,000	-8.9%	£39,648,000	67.2%	£23,713,000	-7%	£25,501,000	17%	£21,805,000
Total Fixed Assets	£53,416,000	-7.2%	£57,540,000	-49.9%	£114,770,000	-26.1%	£155,251,000	2.1%	£152,128,000
Stock	£53,732,000	-5.6%	£56,927,000	21.7%	£46,787,000	-5.6%	£49,552,000	5.2%	£47,121,000
Trade Debtors	£87,867,000	4.9%	£83,762,000	14.5%	£73,164,000	-3.6%	£75,900,000	8.5%	£69,939,000
Cash	£7,366,000	82.2%	£4,043,000	134.6%	£1,723,000	192%	£590,000	-44.8%	£1,068,000
Other Debtors	£509,274,000	9.8%	£463,973,000	22.6%	£378,303,000	15.3%	£328,042,000	125.8%	£145,312,000
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	£658,239,000	8.1%	£608,705,000	21.7%	£499,977,000	10.1%	£454,084,000	72.4%	£263,440,000
Trade Creditors	£93,717,000	2%	£91,920,000	17.6%	£78,134,000	-7.2%	£84,174,000	1.6%	£82,884,000
Bank Loans & Overdrafts	£2,537,000	-26.4%	£3,447,000	999.9%	£117,000	-96.3%	£3,138,000	146.1%	£1,275,000
Other Short Term Finance	£487,352,000	7.5%	£453,336,000	9.3%	£414,930,000	-2.7%	£426,564,000	74.9%	£243,929,000
Miscellaneous Current Liabilities	£45,635,000	11.7%	£40,858,000	-10.8%	£45,810,000	9.7%	£41,748,000	6.7%	£39,112,000
Total Current Liabilities	£629,241,000	6.7%	£589,561,000	9.4%	£538,991,000	-3%	£555,624,000	51.3%	£367,200,000
Bank Loans & Overdrafts and LTL	£15,462,000	-13.8%	£17,939,000	51.9%	£11,811,000	-19.5%	£14,680,000	15.9%	£12,661,000
Other Long Term Finance	0	-	0	-	0	-	0	-	0
Total Long Term Liabilities	£12,925,000	-10.8%	£14,492,000	23.9%	£11,694,000	1.3%	£11,542,000	1.4%	£11,386,000

.

Capital & Reserves

Date Of Accounts	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08
Called Up Share Capital	£370,000	-	£370,000	-	£370,000	-	£370,000	-	£370,000
P & L Account Reserve	£51,648,000	14.3%	£45,182,000	-5.6%	£47,875,000	83.2%	£26,137,000	20.6%	£21,679,000
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	£17,471,000	5%	£16,640,000	5.2%	£15,817,000	1%	£15,662,000	4.9%	£14,933,000
Shareholder Funds	£69,489,000	11.7%	£62,192,000	-2.9%	£64,062,000	51.9%	£42,169,000	14%	£36,982,000

Other Financial Items

Date Of Accounts	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08
Net Worth	£33,358,000	48%	£22,544,000	-44.1%	£40,349,000	142.1%	£16,668,000	9.8%	£15,177,000
Working Capital	£28,998,000	51.5%	£19,144,000	149.1%	-£39,014,000	61.6%	-£101,540,000	2.1%	-£103,760,000
Total Assets	£711,655,000	6.8%	£666,245,000	8.4%	£614,747,000	0.9%	£609,335,000	46.6%	£415,568,000
Total Liabilities	£642,166,000	6.3%	£604,053,000	9.7%	£550,685,000	-2.9%	£567,166,000	49.8%	£378,586,000
Net Assets	£69,489,000	11.7%	£62,192,000	-2.9%	£64,062,000	51.9%	£42,169,000	14%	£36,982,000

Miscellaneous

Date Of Accounts	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08
Contingent Liability	NO	-	NO	-	NO	-	YES	-	YES
Capital Employed	£82,414,000	7.5%	£76,684,000	1.2%	£75,756,000	41%	£53,711,000	11%	£48,368,000
Number of Employees	2318	-2.8%	2385	4%	2293	-4.8%	2408	7.3%	2245
Auditors	KPMG AUDIT PLC
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 %	4.01	5.01	5.98	6.20	5.38
Current ratio	1.05	1.03	0.93	0.82	0.72
Sales/Net Working Capital	19.40	28.25	-12.84	-5.12	-4.48
Gearing %	22.30	28.80	18.40	34.80	34.20
Equity in %	10.30	9.90	10.80	7.20	9.40
Creditor Days	60.65	61.86	56.78	58.96	64.83
Debtor Days	56.86	56.37	53.17	53.16	54.70
Liquidity/Acid Test	0.96	0.93	0.84	0.72	0.58
Return On Capital Employed %	27.38	35.32	39.54	59.96	51.79
Return On Total Assets Employed %	3.17	4.06	4.87	5.28	6.02
Current Debt Ratio	9.05	9.47	8.41	13.17	9.92
Total Debt Ratio	9.24	9.71	8.59	13.44	10.23
Stock Turnover Ratio %	9.55	10.52	9.34	9.53	10.12
Return on Net Assets Employed %	32.47	43.56	46.75	76.38	67.74

Status History

No Status History found

Event History

Date	Description
18/03/2014	Annual Returns
22/01/2014	New Board Member Mr A. Tedbury appointed
11/11/2013	New Board Member Mr P.A. Nieduszynski appointed
28/06/2013	New Accounts Filed
15/05/2013	New Board Member Mr L.W. Hill appointed
05/03/2013	Annual Returns
06/02/2013	Mr A.J. Mooney has left the board
06/02/2013	New Board Member Mrs G.A. Thompson appointed
18/01/2013	Mr C.G. Wakeman has left the board
26/09/2012	New Accounts Filed
26/09/2012	New Accounts Filed
05/03/2012	Annual Returns
23/01/2012	New Board Member Mr R.D. Kelly appointed
17/10/2011	New Board Member Mr S.R. Norris appointed
13/10/2011	Mr R.I. Greenway has left the board

Previous Company Names

Date	Previous Name
30/06/2006	BUNZL OUTSOURCING SERVICES UK LIMITED
01/07/2003	BUNZL DISPOSABLES UK LIMITED
29/12/1998	ALPHA SUPPLIES LIMITED
14/03/1994	YORKCO 131 LIMITED

Statistics

Group	60 companies
Linkages	34 companies
Countries	In 8 countries

Summary

Holding Company	LOCKHART CATERING EQUIPMENT LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	BUNZL PUBLIC LIMITED COMPANY

Group structure

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
BUNZL PUBLIC LIMITED COM...	00358948	31.12.2013	Y	£6,097,700,000
GREENHAM TRADING LIMITED	00685352	31.12.2012	N
BUNZL RETAIL & HEALT...	00062537	31.12.2012	N	£359,216,000
MICHAEL DAVIES AND A...	02165614	31.12.2012	N	£21,780,057
INDIGO CONCEPT PACKA...	04037415	31.12.2012	N
WAVELENGTH HANDLING...	05755028	31.12.2012	N	£8,066,775
ADVANCED MEDICAL PRO...	05838394	31.12.2012	N
LOCKHART CATERING EQ...	00970892	31.12.2012	N
THOMPSON MEDD LIMITED	00938533	31.12.2012	N
BUWIER LIMITED	01624053	31.12.2012	N
BUNZL UK LIMITED	02902454	31.12.2012	N	£562,419,000
CENTRAL CATERING...	03888254	31.12.2012	N
KEENPAC GROUP LIM...	04373660	31.12.2012	N
KEENPAC HOLDING...	03625928	31.12.2012	N
KEENPAC LIMITED	01418926	31.12.2012	N
BRADLEES LI...	02150485	31.12.2012	N
WALSH AND JENKI...	04438249	31.12.2012	N
WALSH AND JEN...	01195988	31.12.2012	N
BUNZL RETAIL SUPP...	00382535	31.12.2012	N
CARE SHOP LIMITED	04634226	31.12.2012	N
APTFINE LIMITED	01082773	31.12.2012	N
SOUTHERN SYRI...	00696396	31.12.2012	N
UNIVERSAL H...	01388881	31.12.2012	N
THOMPSON CHRISTMAS...	03299777	31.12.2012	N
CONTINENTAL CHEF S...	03392672	31.12.2012	N
LONDON BIO PACKAGI...	05507160	31.12.2013	N	£6,343,905
RAFFERTY HOSPITALI...	NI032114	31.12.2013	N
A. & E. RUSSELL LI...	SC025735	31.12.2012	N
THOMAS MCLAUGHLIN LTD	NI003272	31.12.2013	N
WOW CATERING SUPPL...	01847116	31.12.2012	N
HENARES LIMITED	06387342	31.12.2012	N
BUNZL AMERICAN HOLDI...	02865710	31.12.2012	N
BUNZL OVERSEAS HOL...	02865701	31.12.2012	N
ATOLLBYTE LIMITED	04121703	31.12.2012	N
BIRCHFOLDER LIMITED	04950933	31.12.2012	N	£335,832
BUNZL FINANCE PUBLIC L...	01231760	31.12.2013	N
BUNZL GROUP SERVICES L...	01435299	31.12.2012	N
GRADESOUND LIMITED	02544381	31.03.2013	N
BUNZL HOLDINGS INC	N/A	-	-
BUNZL AMERICAN HOLDI...	07795867	31.12.2012	N
CAMBREX LIMITED	IE293672	31.12.2012	N
BUNZL OVERSEAS HOLDING...	02090880	31.12.2012	N
BUNZL AUSTRALIAN HOL...	07460041	31.12.2012	N
BUNZL OVERSEAS HOLDI...	08224950	31.12.2013	N	£161,000
SELECTUSER LIMITED	03829908	31.12.2012	N
DG DISTRIBUTORS AN...	IE399227	31.12.2012	N
IRISH MERCHANTS (...	NI031012	31.12.2013	N
ROMNEYA LIMITED	IE113094	31.12.2012	N
IRISH MERCHANTS...	IE058083	31.12.2012	N
TISHU MFG LIMITED	IE062521	31.12.2012	N
BUNZL IRELAND LIMITED	IE114401	31.12.2012	N	€58,943,825
BUNZL PENSION TRUSTEES...	02775657	31.12.2012	N
BUNZL PLASTICS LIMITED	02078392	31.12.2012	N	£29,308
DIALENE LIMITED	00515897	31.12.2012	N
BUNZL PROPERTIES LIMITED	00479290	31.12.2012	N
BUNZL US HOLDINGS INC	N/A	-	-
BUNZL AMERICAN HOLDI...	06846731	31.12.2012	N	£7,548
WYCOMBE MARSH PAPER MI...	00311050	31.12.2012	N
YORSE NO. 3 LIMITED	02317609	31.12.2012	N
BUNZL AMERICAN HOLDI...	05286676	31.12.2012	N	£33,094,559

Other Linked companies

Name	Number	Latest Key Financials	Turnover
PLG FINANCES	351099874	31.12.2012	€38,713,727
BUNZL HOLDINGS FRANCE SNC	449266212	31.12.2012	€386,209
GROUPE PIERRE LE GOFF NORD-EST	414124719	31.12.2010	€51,088,865
GROUPE PIERRE LE GOFF GRAND OUEST	440303550	31.12.2012	€107,846,368
HYGIADIS	331889865	31.12.2012	€735,650
FRANCE SECURITE	636420333	31.12.2012	€124,220,495
GPE PIERRE LE GOFF RHONE-ALPES-CENTRE	394240006	31.12.2012	€29,085,403
OPM FRANCE	442427134	31.12.2012	€54,538,175
GRPE PIERRE LE GOFF NORMANDIE	398302257	31.12.2012	€20,236,651
GROUPE ADAGE	311703235	31.12.2012	€21,807,207
BUNZL VERPACKUNGEN GMBH	HRB 8540	31.12.2012	€68,759,277
GROUPE PIERRE LE GOFF SUD-OUEST	305109100	31.12.2012	€25,776,505
BUNZL HOLDING GMBH	HRB 8407	31.12.2012
KING NEDERLAND B.V.	11022074	31.03.2006	€50,406,063
OMNIUM DE DISTRIBUTION INDUSTRIELLE	702014879	31.12.2012	€22,456,658
BUNZL CLEANING & HYGIENE GMBH	HRB 10915	31.12.2012
GUENTER GUEST SUPPLIES GMBH	HRB 25335 HB	31.12.2012
CONPAX BELFORT B.V.	29036530	31.12.2007
WORLDPACK TRADING B.V.	17068641	31.12.2007
MAJESTIC PRODUCTS B.V.	24242075	31.12.2010

Exact CCJ Details

Date	Court	Amount	Status	Case Number	Date Paid
27/10/2010	WATFORD	£522	Judgement	0WD01473	-
19/04/2010	LAMBETH	£3,418	Judgement	0UA08439	-
05/01/2010	WILLESDEN	£1,396	Satisfied	9WI04597	16/02/2010

Possible CCJs Details

There are no possible CCJ details

Writ Details

No writs found

Mortgage Details

Mortgage Type:	LEGAL MORTGAGE
Date Charge Created:	22/02/96
Date Charge Registered:	08/03/96
Date Charge Satisfied:	25/03/98
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	F/H PROPERTY K/A SITE 2, ADDISON INDUSTRIAL ESTATE, BLAYDON, TYNE AND WEAR AND THE PROCEEDS OF SALEFLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT AND ANASSIGNMENT OF THEGOODWILL AND CONNECTION OF ANY BUSINESSTOGETHER WITH THE FULL BENEFIT OF ALL LICENCES
Mortgage Type:	ASSIGNMENT
Date Charge Created:	25/04/94
Date Charge Registered:	29/04/94
Date Charge Satisfied:	17/04/04
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE INCLUDING BUT NOT LIMITED TO THOSEARISING UNDER OR INCONNECTION WITH THE CREDIT AGREEMENT DATED 18 MARCH 1994.
Details:	BY WAY OF ABSOLUTE ASSIGNMENT THE KEY-MAN LIFE ASSURANCE POLICY LISTED IN THE SCHEDULE AND ALL MONEYS THEREBY ASSURED WHICH MAY BECOME PAYABLE. SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	MORTGAGE DEBENTURE
Date Charge Created:	18/03/94
Date Charge Registered:	23/03/94
Date Charge Satisfied:	04/12/97
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER 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 F/H PROPERTY AT HENSON ROAD,DARLINGTON T/N DU456 37 ALL THAT F/H PROPERTY NEAR NEW ROAD,TIR-Y-BERTH INDUSTRIAL ESTATE HENGOED.ALL THATF/H PROPERTY AT NANGREAVE STREET/HAMPSONSTREET SALFORD T/N LA340775 AND PROCEEDS OF SALE THEREOF A SPECIFIC EQUITABLE CHARGE OVER ALL FREEHOLD AND LEASEHOLD PROPERTIES AND/OR THE PROCEEDS OF SALE THEREOF FIXED AND FLOATING CHARGES OVER UNDERTAKING AND ALLPROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS AND THE BENEFITSOF ANY LICENCES

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	£6,992
Company Name	Amount	Statement Date
Riverside Supplies UK Limited	£6,992	21/04/2010

Previous Director/Company Secretaries

Name		Current Directorships	Previous Directorships
David Michael Williams		19	141
Neil Stoker Dobbs		6	29
Brian Stephen Garner		4	23
Andrew John Mooney		4	46
Christoph Paul Sander		13	29
Michael David Stubbs		7	33
Wayne Keefe Bradley		7	20
Wayne Keefe Bradley		7	20
Brian Michael May		52	60
James Alan Cunningham		7	69
David Reddyhough		1	10
Peter James Holdway		0	7
Paul Charles Watt		10	13
Frank Andre Van Zanten		0	1
David Melvyn Wallwork		10	8
James John Holroyd Sergeant		16	1
Georgina Dunn Robertson Smith		0	1
Andrew James Ball		46	37
Roland John Denning		15	40
Christopher Derrick Bradford		1	4
Carolyn Jane Liddiard		0	5
Michael John Revell		1	2
Richard Ian Greenway		2	4
Christopher George Wakeman		1	1
YORK PLACE COMPANY NOMINEES LIMITED		734	31909
YORK PLACE COMPANY SECRETARIES LIMITED		832	31479
Average Invoice Value	£1558.81
Invoices available	469
Paid	406
Outstanding	63

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	150	156	81	10	9
Outstanding	37	21	2	1	2

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.11
UK Pound	1	Rs.102.32
Euro	1	Rs.81.75

INFORMATION DETAILS

Analysis Done by :	RAS
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

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