MIRA INFORM REPORT

Report Date :

30.06.2014

IDENTIFICATION DETAILS

Name :	LANDER AUTOMOTIVE LTD.
Formerly Known As :	W. LANDER & SONS LIMITED
Registered Office :	Woodgate Business Park, Clapgate Lane, Birmingham B32 3ED
Country :	United Kingdom
Financials (as on) :	31.12.2012
Date of Incorporation :	20.10.1951
Legal Form :	Private Limited With Share Capital
LINE OF BUSINESS :	· MANUFACTURE OF OTHER FABRICATED METAL PRODUCTS · THE MANUFACTURE OF PARTS FOR THE AUTOMOTIVE INDUSTRY
No. of Employees :	177

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 :	Slow but correct
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

REGISTERED NAME

LANDER AUTOMOTIVE LTD.

DIRECTORS/MANAGEMENT

Current Directors

Name	Peter John Lander Alexander	Date of Birth	24/12/1946
Officers Title	Mr	Nationality	British
Present Appointments	13	Function	Director
Appointment Date	30/11/1991
Address	Winterton 65 Court Road, Newton Ferrers, Plymouth, PL8 1BZ
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Stephen John Bailey	Date of Birth	10/02/1951
Officers Title	Mr	Nationality	British
Present Appointments	3	Function	Director
Appointment Date	30/11/1991
Address	Greenleas Dark Lane, Kings Norton, Birmingham, West Midlands, B38 0BS
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Nicholas Derek Houghton	Date of Birth	27/02/1967
Officers Title	Mr	Nationality	British
Present Appointments	9	Function	Director
Appointment Date	01/05/1996
Address	Tanglewood Waterford Close, Lymington, Hampshire, SO41 3PU
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Ian Robert Houghton	Date of Birth	21/11/1971
Officers Title	Mr	Nationality	British
Present Appointments	5	Function	Director
Appointment Date	02/02/2005
Address	49 Manor Lane, Halesowen, Birmingham, B62 8PZ
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Martin Haywood	Date of Birth	15/01/1966
Officers Title	Mr	Nationality	British
Present Appointments	5	Function	Director
Appointment Date	01/10/2012
Address	50 High Street, Ryton On Dunsmore, Coventry, Warwickshire, CV8 3FH
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Roger William Whitehouse	Date of Birth	14/02/1959
Officers Title	Mr	Nationality	British
Present Appointments	3	Function	Director
Appointment Date	18/09/2003
Address	The Coach House Habberley Lane, Low Habberley, Kidderminster, Worcestershire, DY11 5RF
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Richard James Alexander	Date of Birth	29/01/1973
Officers Title	Mr	Nationality	British
Present Appointments	9	Function	Director
Appointment Date	01/01/2008
Address	22 The Oaklands, Droitwich, Worcestershire, WR9 8AD
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Darren Andrew Williams	Date of Birth	29/03/1972
Officers Title	Mr	Nationality	British
Present Appointments	3	Function	Director
Appointment Date	01/01/2009
Address	Foxwood Barn Little Winnall Farm Winnall Lane, Lincomb, Stourport-On-Severn, Worcestershire, DY13 9RG
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Peter Bruce Tack	Date of Birth	27/05/1963
Officers Title	Mr	Nationality	British
Present Appointments	3	Function	Director
Appointment Date	01/01/2014
Address	44 Sandhills Lane, Barnt Green, Birmingham, B45 8NX
Other Actions	View Director Report	View Consumer Report

Current Company Secretary

Name	Richard James Alexander	Date of Birth	29/01/1973
Officers Title	Mr	Nationality	British
Present Appointments	9	Function	Company Secretary
Appointment Date	01/01/2008
Address	22 The Oaklands, Droitwich, Worcestershire, WR9 8AD

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Peter John Lander Alexander	13	6
Derek Houghton	2	10
Stuart Joseph Whitmore	0	3
John Charles Devey	0	3
Robin Charles Alexander Holloway	0	6
Stephen Paul Cornick	2	3

NEGATIVE INFORMATION

Mortgage Summary

Total Mortgage 8

Outstanding 8

Satisfied 0

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 0

Total Value of Documented Trade £0

CCJ

Total Number of Exact CCJs -	0	Total Value of Exact CCJs -
Total Number of Possible CCJs -	0	Total Value of Possible CCJs -
Total Number of Satisfied CCJs -	0	Total Value of Satisfied CCJs -
Total Number of Writs -	-

Exact CCJ Details

No CCJs found

Possible CCJs Details

There are no possible CCJ details

Writ Details

No writs found

Mortgage Details

Mortgage Type:	FIXED AND FLOATING CHARGE
Date Charge Created:	29/02/12
Date Charge Registered:	09/03/12
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY

Mortgage Type:	MORTGAGE
Date Charge Created:	20/02/12
Date Charge Registered:	22/02/12
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	THE ITEMS AS LISTED ON THE SCHEDULE:X11FRONT SEAT WELDING CELL (AMP 1041)SINGLE IRB 1600 IRC5 M2004\K\ TYPE ROBOT SYSTEM, MANUFACTURER: ABB, SERIAL NUMBER: 16-64860SINGLE IRB 1600 IRC5 M2004 \K\ TYPEROBOT SYSTEM, MANUFACTURER: ABB, SERIAL NUMBER: 16-64902SINGLE IRB 1600 IRC5 M2004 \K\ TYPE ROBOT SYSTEM, MANUFACTURER: ABB, SERIAL NUMBER: 16-64879(FOR DETAILS OF ALL OTHER ASSETS CHARGED, PLEASE REFER TO THE MG01 DOCUMENT) SEE IMAGE FOR FULL DETAILS

Mortgage Type:	MORTGAGE
Date Charge Created:	23/12/11
Date Charge Registered:	31/12/11
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ADDISON EB32 TWIN STACK, SUPPLIER: APPLIED TECHNOLOGY, SERIAL NO. 116570XYZ 560MINI MILL, SUPPLIER:XYX MACHINE TOOLS,SERIAL NO. MF349 BLM TUBE BENDING MACHINE, SUPPLIER: BLM GROUP, SERIAL NO. 456080320064(FOR DETAILS OF FURTHER GOODS CHARGED, PLEASE REFER TO THE FORM MG01). SEE IMAGE FOR FULL DETAILS

Mortgage Type:	MORTGAGE
Date Charge Created:	08/12/11
Date Charge Registered:	10/12/11
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	GOODS- T DRILL S-54 TUBE BRANCHING MACHINE S/NO 111003. BRAZEMATE 200 BRAZING MACHINE, S/NO 11210. FISHER LEAK SINGLE STATION WATER BATH S/NO 2196. (FOR FURTHER DETAILS OF CHATTELS CHARGED PLEASE REFER TO FORM MG01) SEE IMAGE FOR FULL DETAILS

Mortgage Type:	CHARGE & ASSIGNEMNT
Date Charge Created:	21/06/91
Date Charge Registered:	03/07/91
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ALL THE INTEREST OF THE COMPANY IN AND ALL MONEYS DUE OR OWING OR FROM TIME TO TIME BECOMING DUE OROWING TO THE COMPANY UNDER OR BY VIRTUE OF THE AGREEMENT DATED 12/06/91 RELATING TO LAND SITUATE ATPLOT D WOODGATE BUSINESS PARK, CLAPGATELAND WOODGATE BIRMINGHAM WEST MIDLANDS AND ALL THE PREMISES COMPRISED THEREIN (SEE 395 FOR FULL DETAILS)

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	25/03/91
Date Charge Registered:	11/04/91
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	STRIP OF LAND SITUATE AT "THE PADDOCK" 21A PLYMOUTH ROAD, BARNT GREEN, HEREFORDAND WORCESTER. TITLENO: HW 26123.

Mortgage Type:	DEBENTURE
Date Charge Created:	11/02/85
Date Charge Registered:	18/02/85
Date Charge Satisfied:	-
Status:	PARTIAL PROPERTY RELEASE
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	(INCLUDING TRADE FIXTURES) FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	16/12/77
Date Charge Registered:	22/12/77
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK LTD
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	PREMISES SITUATE AT 19 REA STREET SOUTHBIRMINGHAM WEST MIDLANDS

SHARE & SHARE CAPITAL INFORMATION

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
LANDER HOLDINGS LTD	GBP	29,940	ORDINARY	1	50
LANDER HOLDINGS LTD	GBP	29,939	DEFERRED	1	50
LANDER HOLDINGS LTD & NICHOLAS DEREK HOUGHTON	GBP	1	DEFERRED	1	0

PAYMENT INFORMATION

Average Invoice Value	£1325.27
Invoices available	1020
Paid	852
Outstanding	168

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	279	279	99	112	83
Outstanding	1	7	5	33	122

GROUP STRUCTURE & AFFILIATED COMPANIES

Group structure

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
LANDER HOLDINGS LIMITED	01547577	31.12.2012	Y	£40,368,000
LANDER AUTOMOTIVE LTD.	00500574	31.12.2012	N	£36,182,000
LANDER INTECH LIMITED	01721100	31.12.2012	N
SHALIBANE ENGINEERING...	04195421	31.12.2012	N

FINANCIAL INFORMATION

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	£36,182,000	14.2%	£31,689,000	38.3%	£22,913,000	25.9%	£18,198,000	-18.8%	£22,401,000
Export	£5,845,000	7.2%	£5,451,000	27.7%	£4,269,000	52.4%	£2,801,000	-18%	£3,415,000
Cost of Sales	£30,346,000	12.4%	£26,989,000	49.3%	£18,079,000	22.6%	£14,746,000	-18.9%	£18,184,000
Gross Profit	£5,836,000	24.2%	£4,700,000	-2.8%	£4,834,000	40%	£3,452,000	-18.1%	£4,217,000
Wages & Salaries	£4,711,000	6.1%	£4,439,000	7.5%	£4,130,000	16.2%	£3,553,000	-2.5%	£3,643,000
Directors Emoluments	£442,000	20.4%	£367,000	8.9%	£337,000	40.4%	£240,000	43.7%	£167,000
Operating Profit	£725,000	-44.1%	£1,298,000	-7.7%	£1,406,000	100.9%	£700,000	-22.2%	£900,000
Depreciation	£914,000	73.1%	£528,000	29.1%	£409,000	48.7%	£275,000	-47.4%	£523,000
Audit Fees	£10,000	-16.7%	£12,000	-	£12,000	-	£12,000	-7.7%	£13,000
Interest Payments	£245,000	140.2%	£102,000	32.5%	£77,000	-36.4%	£121,000	-47.4%	£230,000
Pre Tax Profit	£480,000	-59.9%	£1,196,000	-10%	£1,329,000	126.4%	£587,000	-13.9%	£682,000
Taxation	£18,000	-68.4%	£57,000	-	-	-	-	100%	-£184,000
Profit After Tax	£498,000	-60.3%	£1,253,000	-5.7%	£1,329,000	126.4%	£587,000	17.9%	£498,000
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	£498,000	-60.3%	£1,253,000	-5.7%	£1,329,000	126.4%	£587,000	17.9%	£498,000

Balance Sheet

Date Of Accounts	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08
Tangible Assets	£6,387,000	14.4%	£5,583,000	90.4%	£2,933,000	9.5%	£2,679,000	-18.7%	£3,295,000
Intangible Assets	£1,797,000	28%	£1,404,000	93.9%	£724,000	-	0	-	0
Total Fixed Assets	£8,184,000	17.1%	£6,987,000	91.1%	£3,657,000	36.5%	£2,679,000	-18.7%	£3,295,000
Stock	£2,874,000	44.5%	£1,989,000	80.2%	£1,104,000	8%	£1,022,000	-24.1%	£1,347,000
Trade Debtors	£8,836,000	-7.3%	£9,527,000	21.5%	£7,842,000	31.4%	£5,966,000	11.5%	£5,353,000
Cash	£344,000	106%	£167,000	-48.5%	£324,000	-43.4%	£572,000	869.5%	£59,000
Other Debtors	£2,234,000	14.2%	£1,957,000	0.6%	£1,946,000	-21.4%	£2,475,000	10.8%	£2,233,000
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	£14,288,000	4.8%	£13,640,000	21.6%	£11,216,000	11.8%	£10,035,000	11.6%	£8,992,000
Trade Creditors	£4,229,000	-20.3%	£5,308,000	47.2%	£3,605,000	18.2%	£3,051,000	23.9%	£2,462,000
Bank Loans & Overdrafts	£1,465,000	-73.6%	£5,554,000	509.7%	£911,000	87.8%	£485,000	23.4%	£393,000
Other Short Term Finance	£8,298,000	652.3%	£1,103,000	-32%	£1,623,000	367.7%	£347,000	-76.3%	£1,465,000
Miscellaneous Current Liabilities	£1,365,000	-0.7%	£1,375,000	-4.5%	£1,440,000	-13.1%	£1,657,000	38.1%	£1,200,000
Total Current Liabilities	£15,357,000	15.1%	£13,340,000	76%	£7,579,000	36.8%	£5,540,000	0.4%	£5,520,000
Bank Loans & Overdrafts and LTL	£2,204,000	-68.3%	£6,963,000	94.5%	£3,580,000	-17.9%	£4,363,000	-2%	£4,451,000
Other Long Term Finance	£170,000	-80%	£848,000	-67.4%	£2,603,000	-32.9%	£3,878,000	-4.4%	£4,058,000
Total Long Term Liabilities	£739,000	-47.6%	£1,409,000	-47.2%	£2,669,000	-31.2%	£3,878,000	-4.4%	£4,058,000

Capital & Reserves

Date Of Accounts	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08
Called Up Share Capital	£60,000	-	£60,000	-	£60,000	-	£60,000	-	£60,000
P & L Account Reserve	£6,316,000	8.6%	£5,818,000	27.4%	£4,565,000	41.1%	£3,236,000	22.2%	£2,649,000
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	£6,376,000	8.5%	£5,878,000	27.1%	£4,625,000	40.3%	£3,296,000	21.7%	£2,709,000

Other Financial Items

Date Of Accounts	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08
Net Worth	£4,579,000	2.3%	£4,474,000	14.7%	£3,901,000	18.4%	£3,296,000	21.7%	£2,709,000
Working Capital	-£1,069,000	-456.3%	£300,000	-91.8%	£3,637,000	-19.1%	£4,495,000	29.5%	£3,472,000
Total Assets	£22,472,000	8.9%	£20,627,000	38.7%	£14,873,000	17%	£12,714,000	3.5%	£12,287,000
Total Liabilities	£16,096,000	9.1%	£14,749,000	43.9%	£10,248,000	8.8%	£9,418,000	-1.7%	£9,578,000
Net Assets	£6,376,000	8.5%	£5,878,000	27.1%	£4,625,000	40.3%	£3,296,000	21.7%	£2,709,000

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	-	YES
Capital Employed	£7,115,000	-2.4%	£7,287,000	-0.1%	£7,294,000	1.7%	£7,174,000	6%	£6,767,000
Number of Employees	177	-1.7%	180	9.8%	164	9.3%	150	-1.3%	152
Auditors	BAKER TILLY AUDIT LIMITED
Auditor Comments	The audit report contains no adverse comments
Bankers	BARCLAYS BANK PLC
Bank Branch Code	20-07-71

Ratios

Date Of Accounts	31/12/12	31/12/11	31/12/10	31/12/09	31/12/08
Pre-tax profit margin %	1.33	3.77	5.80	3.23	3.04
Current ratio	0.93	1.02	1.48	1.81	1.63
Sales/Net Working Capital	-33.85	105.63	6.30	4.05	6.45
Gearing %	34.60	118.50	77.40	132.40	164.30
Equity in %	30.80	30.60	32.70	25.90	22
Creditor Days	42.54	60.97	57.26	61.02	40
Debtor Days	88.89	109.43	124.57	119.33	86.98
Liquidity/Acid Test	0.74	0.87	1.33	1.62	1.38
Return On Capital Employed %	6.74	16.41	18.22	8.18	10.07
Return On Total Assets Employed %	2.13	5.79	8.93	4.61	5.55
Current Debt Ratio	2.40	2.26	1.63	1.68	2.03
Total Debt Ratio	2.52	2.50	2.21	2.85	3.53
Stock Turnover Ratio %	7.94	6.27	4.81	5.61	6.01
Return on Net Assets Employed %	7.52	20.34	28.73	17.80	25.17

FOREIGN EXCHANGE RATES

N/a

ADDITIONAL INFORMATION

Status History

No Status History found.

Event History

Date	Description
12/03/2014	New Board Member Mr P.B. Tack appointed
20/12/2013	Annual Returns
09/11/2013	New Accounts Filed
09/11/2013	New Accounts Filed
24/12/2012	Annual Returns
17/10/2012	New Board Member Mr M. Haywood appointed
16/10/2012	New Board Member Mr M. Haywood appointed
11/10/2012	New Accounts Filed
03/01/2012	Annual Returns
23/09/2011	Change in Reg.Office
23/09/2011	Change of Company Postcode
30/06/2011	New Accounts Filed
30/06/2011	New Accounts Filed
17/12/2010	Annual Returns
15/07/2010	New Accounts Filed

Previous Company Names

Date	Previous Name
16/08/1991	W.LANDER & SONS LIMITED

NOTES & COMMENTS

Commentary

No exact match CCJs are recorded against the company.

Sales in the latest trading period increased 14.2% on the previous trading period.

Net Worth increased by 2.3% during the latest trading period.

A 8.9% growth in Total Assets occurred during the latest trading period.

Pre-tax profits decreased by 59.9% compared to the previous trading period.

The company saw an increase in their Cash Balance of 106% 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 62 years ago.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.10
UK Pound	1	Rs.102.40
Euro	1	Rs.81.88

INFORMATION DETAILS

Analysis Done by :	SUB
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.