MIRA INFORM REPORT

Report Date :

12.11.2014

IDENTIFICATION DETAILS

Name :	BEARMACH LIMITED
Formerly Known as :	BEARMACH PUBLIC LIMITED COMPANY
Registered Office :	Unit 8 Pantglas Industrial Estate Caerphilly CF83 8GE
Country :	United Kingdom
Financials (as on) :	31.12.2013
Date of Incorporation :	24.04.1958
Com. Reg. No.:	00603417
Legal Form :	Private limited with Share Capital
Line of Business :	Wholesale Trade of Motor Vehicle Parts and Accessories
No. of Employees :	157

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
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 – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
United Kingdom	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	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: BEARMACH LIMITED

Company No: 00603417

Company Status: Active - Accounts Filed

Registered Address: UNIT 8 PANTGLAS INDUSTRIAL ESTATE CAERPHILLY CF83 8GE

Company Summary

Registered Address UNIT 8 PANTGLAS INDUSTRIAL ESTATE CAERPHILLY CF83 8GE

Trading Address Bearmach House 8 Pantglas Industrial Estate Bedwas Caerphilly, Mid Glamorgan CF83 8GE

Website Address http://www.bearmach.com

Telephone Number 02920856550

Fax Number

TPS No

FPS No

Incorporation Date 24/04/1958

Previous Name BEARMACH PUBLIC LIMITED COMPANY

Type Private limited with Share Capital

FTSE Index -

Date of Change 13/03/2007

Filing Date of Accounts 03/07/2014

Currency GBP

Share Capital £500,000

SIC07 45310

Charity Number -

SIC07 Description

Principal Activity WHOLESALE TRADE OF MOTOR VEHICLE PARTS AND ACCESSORIES

Sourcing and supply of a range of motor parts and accessories to the UK and overseas.

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder	Funds Employees
31/12/2013	£27,747,000	£255,000	£13,578,000	157
31/12/2012	£31,107,000	£375,000	£13,228,000	166
31/12/2011	£34,721,000	£1,274,000	£12,870,000	166

Mortgage Summary

Total Mortgage 21

Outstanding 9

Satisfied 12

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 6

Total Value of Documented Trade £23,206

Commentary

No exact match CCJs are recorded against the company.

Sales in the latest trading period decreased 10.8% on the previous trading period.

Net Worth increased by 2.6% during the latest trading period.

A 4.3% growth in Total Assets occurred during the latest trading period.

Pre-tax profits decreased by 32% compared to the previous trading period.

The audit report contains no adverse comments.

No recent changes in directorship are recorded.

The company is part of a group.

The company has changed its registered address recently.

The company was established over 56 years ago.

Current Directors

Name	Trevor Middleton	Date of Birth	10/02/1957
Officers Title	Mr	Nationality	British
Present Appointments	52	Function	Director
Appointment Date	13/03/2007
Address	Unit 8 Pantglas Industrial Estate, Bedwas, Caerphilly, Mid Glamorgan, CF83 8GE

Name	Julian John Burgess	Date of Birth	25/04/1969
Officers Title	Mr	Nationality	British
Present Appointments	6	Function	Director
Appointment Date	31/07/2008
Address	Unit 8 Pantglas Industrial Estate, Bedwas, Caerphilly, Mid Glamorgan, CF83 8GE

Name	David Jackman	Date of Birth	02/08/1961
Officers Title	Mr	Nationality	British
Present Appointments	5	Function	Director
Appointment Date	26/04/2011
Address	Unit 8 Pantglas Industrial Estate, Bedwas, Caerphilly, Mid Glamorgan, CF83 8GE

Current Company Secretary

Name	Julian John Burgess	Date of Birth	-
Officers Title	Mr	Nationality
Present Appointments	1	Function	Company Secretary
Appointment Date	31/12/2009
Address	Unit 8 Pantglas Industrial Estate, Bedwas, Caerphilly, Mid Glamorgan, CF83 8GE

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
ENSCO 502 LTD	GBP	500,000	ORDINARY	1	100

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	N	(%)	N	(%)	N	(%)	N	(%)	N
	Turnover	£27,747,000	-10.8%	£31,107,000	-10.4%	£34,721,000	6.6%	£32,582,000	10.3%	£29,534,000
	Export	-	-	-	-	-	-	-	-	-
	Cost of Sales	-	-	-	-	-	-	-	-	-
	Gross Profit	-	-	-	-	-	-	-	-	-
	Wages & Salaries	£3,490,000	-6.6%	£3,736,000	2.1%	£3,660,000	3.4%	£3,541,000	15.9%	£3,055,000
	Directors Emoluments	£263,000	11%	£237,000	3.9%	£228,000	-24.3%	£301,000	49%	£202,000
	Operating Profit	£402,000	-23.1%	£523,000	-63.5%	£1,432,000	-5.7%	£1,518,000	10.4%	£1,375,000
	Depreciation	£179,000	4.1%	£172,000	37.6%	£125,000	-0.8%	£126,000	-2.3%	£129,000
	Audit Fees	£18,000	-	£18,000	5.9%	£17,000	-	£17,000	-	£17,000
	Interest Payments	£147,000	-0.7%	£148,000	-6.3%	£158,000	15.3%	£137,000	10.5%	£124,000
	Pre Tax Profit	£255,000	-32%	£375,000	-70.6%	£1,274,000	-7.7%	£1,381,000	10.4%	£1,251,000
	Taxation	£95,000	658.8%	-£17,000	76.4%	-£72,000	41%	-£122,000	-838.5%	-£13,000
	Profit After Tax	£350,000	-2.2%	£358,000	-70.2%	£1,202,000	-4.5%	£1,259,000	1.7%	£1,238,000
	Dividends Payable	-	-	-	-	-	-	-	-	-
	Retained Profit	£350,000	-2.2%	£358,000	-70.2%	£1,202,000	-4.5%	£1,259,000	1.7%	£1,238,000

Balance Sheet

	Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
	Tangible Assets	£1,158,000	11.6%	£1,038,000	34.5%	£772,000	9.2%	£707,000	4.3%	£678,000
	Intangible Assets	0	-	0	-	0	-	0	-	0
	Total Fixed Assets	£1,158,000	11.6%	£1,038,000	34.5%	£772,000	9.2%	£707,000	4.3%	£678,000
	Stock	£5,964,000	13%	£5,280,000	-10.3%	£5,888,000	-8.8%	£6,456,000	33.9%	£4,821,000
	Trade Debtors	£4,237,000	-5.1%	£4,464,000	-18.9%	£5,503,000	8.4%	£5,076,000	16.1%	£4,372,000
	Cash	£9,000	-	0	-	0	-100%	£461,000	159%	£178,000
	Other Debtors	£10,608,000	3.1%	£10,287,000	5.6%	£9,745,000	11.2%	£8,761,000	18.4%	£7,401,000
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£20,818,000	3.9%	£20,031,000	-5.2%	£21,136,000	1.8%	£20,754,000	23.7%	£16,772,000
	Trade Creditors	£3,610,000	9.3%	£3,302,000	-16.4%	£3,949,000	2.3%	£3,861,000	27.7%	£3,024,000
	Bank Loans & Overdrafts	£4,184,000	4.9%	£3,989,000	-14.5%	£4,666,000	0.7%	£4,633,000	37%	£3,382,000
	Other Short Term Finance	£63,000	37%	£46,000	-16.4%	£55,000	-12.7%	£63,000	43.2%	£44,000
	Miscellaneous Current Liabilities	£396,000	24.5%	£318,000	20%	£265,000	-76%	£1,104,000	142.1%	£456,000
	Total Current Liabilities	£8,253,000	7.8%	£7,655,000	-14.3%	£8,935,000	-7.5%	£9,661,000	39.9%	£6,906,000
	Bank Loans & Overdrafts and LTL	£4,329,000	3.7%	£4,175,000	-12.5%	£4,769,000	0.1%	£4,765,000	35.5%	£3,517,000
	Other Long Term Finance	£145,000	45%	£100,000	194.1%	£34,000	-50%	£68,000	-27.7%	£94,000
	Total Long Term Liabilities	£145,000	-22%	£186,000	80.6%	£103,000	-22%	£132,000	-2.2%	£135,000

.

Capital & Reserves

	Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
	Called Up Share Capital	£500,000	-	£500,000	-	£500,000	-	£500,000	-	£500,000
	P & L Account Reserve	£13,078,000	2.7%	£12,728,000	2.9%	£12,370,000	10.8%	£11,168,000	12.7%	£9,909,000
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	-	-	-	-	-	-	-	-	-
	Shareholder Funds	£13,578,000	2.6%	£13,228,000	2.8%	£12,870,000	10.3%	£11,668,000	12.1%	£10,409,000

Other Financial Items

	Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
	Net Worth	£13,578,000	2.6%	£13,228,000	2.8%	£12,870,000	10.3%	£11,668,000	12.1%	£10,409,000
	Working Capital	£12,565,000	1.5%	£12,376,000	1.4%	£12,201,000	10%	£11,093,000	12.4%	£9,866,000
	Total Assets	£21,976,000	4.3%	£21,069,000	-3.8%	£21,908,000	2.1%	£21,461,000	23%	£17,450,000
	Total Liabilities	£8,398,000	7.1%	£7,841,000	-13.2%	£9,038,000	-7.7%	£9,793,000	39.1%	£7,041,000
	Net Assets	£13,578,000	2.6%	£13,228,000	2.8%	£12,870,000	10.3%	£11,668,000	12.1%	£10,409,000

Miscellaneous

	Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
	Contingent Liability	YES	-	YES	-	YES	-	YES	-	YES
	Capital Employed	£13,723,000	2.3%	£13,414,000	3.4%	£12,973,000	9.9%	£11,800,000	11.9%	£10,544,000
	Number of Employees	157	-5.4%	166	-	166	4.4%	159	9.7%	145
	Auditors	KPMG LLP
	Auditor Comments	The audit report contains no adverse comments
	Bankers	BARCLAYS BANK PLC
	Bank Branch Code

Ratios

	Date Of Accounts	31/12/13	31/12/12	31/12/11	31/12/10	31/12/09
	Pre-tax profit margin %	0.92	1.21	3.67	4.24	4.24
	Current ratio	2.52	2.62	2.37	2.15	2.43
	Sales/Net Working Capital	2.21	2.51	2.85	2.94	2.99
	Gearing %	31.90	31.60	37.10	40.80	33.80
	Equity in %	61.80	62.80	58.70	54.40	59.70
	Creditor Days	47.35	38.63	41.39	43.13	37.27
	Debtor Days	55.58	52.23	57.69	56.70	53.88
	Liquidity/Acid Test	1.79	1.92	1.70	1.47	1.73
	Return On Capital Employed %	1.85	2.79	9.82	11.70	11.86
	Return On Total Assets Employed %	1.16	1.77	5.81	6.43	7.16
	Current Debt Ratio	0.60	0.57	0.69	0.82	0.66
	Total Debt Ratio	0.61	0.59	0.70	0.83	0.67
	Stock Turnover Ratio %	21.49	16.97	16.95	19.81	16.32
	Return on Net Assets Employed %	1.87	2.83	9.89	11.83	12.01

Status History

No Status History found

Event History

Date	Description
23/09/2014	Annual Returns
16/07/2014	New Accounts Filed
16/07/2014	New Accounts Filed
29/03/2014	New Accounts Filed
17/09/2013	Annual Returns
11/01/2013	Change in Reg.Office
22/09/2012	Annual Returns
29/08/2012	New Accounts Filed
17/09/2011	Annual Returns
26/08/2011	New Accounts Filed
26/08/2011	New Accounts Filed
13/05/2011	New Board Member Mr D. Jackman appointed
07/03/2011	Mr P.I. Whitehouse has left the board
06/09/2010	Annual Returns
30/08/2010	New Accounts Filed

Previous Company Names

Date	Previous Name
13/03/2007	BEARMACH PUBLIC LIMITED COMPANY
13/06/1991	BEARMACH (LONDON) LIMITED

Statistics

Group	5 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	ENSCO 502 LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	ENSCO 502 LIMITED

Group structure

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
ENSCO 502 LIMITED	05771676	31.12.2013	Y	£29,276,000
BEARMACH LIMITED	00603417	31.12.2013	N	£27,747,000
HORIZON INVESTMENTS UK...	04233807	31.12.2013	N
4X4 STORE EXETER LIM...	04629236	31.12.2013	N
ENSCO 980 LIMITED	05316795	31.12.2013	N

Mortgage Details

Mortgage Type:	DEBENTURE
Date Charge Created:	13/03/07
Date Charge Registered:	17/03/07
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 CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL UNCALLED CAPITAL ALL TRADE AND OTHER DEBTS BUILDINGS FIXTURES PLANT AND MACHINERY SEETHE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	LEGAL CHARGE
Date Charge Created:	13/03/07
Date Charge Registered:	17/03/07
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:	L/H UNIT 5, PANTGLAS INDUSTRIAL ESTATE,BEDWAS, CAERPHILLY, MID GLAMORGAN SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	GUARANTEE & DEBENTURE
Date Charge Created:	13/03/07
Date Charge Registered:	17/03/07
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HOTBED LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE ENSCO 502 LIMITED TO ANY OR ALL OF THESECURED PARTIES UNDERTHE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	DEBENTURE
Date Charge Created:	26/02/03
Date Charge Registered:	10/03/03
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 CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	02/08/02
Date Charge Registered:	08/08/02
Date Charge Satisfied:	05/07/06
Status:	SATISFIED
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:	LEASEHOLD PROPERTY BEING LAND AND BUILDINGS KNOWN AS UNIT 5 PANTGLAS INDUSTRIALESTATE, NEWPORT ROAD,BEDWAS, CAERPHILLY
Mortgage Type:	LEGAL CHARGE
Date Charge Created:	08/03/00
Date Charge Registered:	15/03/00
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:	87 MAINDY ROAD CARDIFF IN THE COUNTY OFCARDIFF WA171374

Mortgage Type:	CHARGE OVER CREDIT BALANCES
Date Charge Created:	30/09/93
Date Charge Registered:	11/10/93
Date Charge Satisfied:	24/03/03
Status:	SATISFIED
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 CHARGE OVER ALL THE DEPOSITS BEING ALL SUMS OF MONEY IN ANY CURRENCY (A) DEPOSITED OR PAID BYTHE COMPANY TO THE CREDIT OF THE ACCOUNT(S) WITH THE BANK RE: BEARMACH BUSINESS PREMIUM ACCOUNT NO.4NUMBER 50115541 AND/OR ANY ADDITIONALAND/OR SUBSTITUTE ACCOUNT(S) OPENED WITH THE BANK FOR THE DEPOSIT OR HOLDING OFALL OR PART OF THE MONEY OR INTEREST AND (B) REPRESENTING THE RENEWAL OR REPLACEMENT OF OR FOR ANY SUMS DEPOSITED OR PAID OR HELD AS AFORESAID TOGETHER WITH ALL INTEREST ACCRUING THEREON SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	CHARGE OVER CREDIT BALANCES
Date Charge Created:	10/06/93
Date Charge Registered:	18/06/93
Date Charge Satisfied:	24/03/03
Status:	SATISFIED
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 CHARGE OVER ALL THE DEPOSITS BEING ALL SUMS OF MONEY IN ANY CURRENCY (A) DEPOSITED OR PAID BYTHE COMPANY TO THE CREDIT OF THE ACCOUNT(S) WITH THE BANK RE: BEARMACH PLC BUSINESS PREMIUM ACCOUNTNO. 90134635 AND/OR ANY ADDITIONAL AND/OR SUBSTITUTE ACCOUNT(S) OPENED WITH THEBANK FOR THE DEPOSIT OR HOLDING OF ALL OR PART OF THE MONEY OR INTEREST AND (B)REPRESENTING THE RENEWAL OR REPLACEMENTOF OR FOR ANY SUMS DEPOSITED OR PAID ASAFORESAID TOGETHER WITH ALL INTEREST ACCRUING THEREON SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	CREDIT AGREEMENT
Date Charge Created:	21/01/93
Date Charge Registered:	26/01/93
Date Charge Satisfied:	24/03/03
Status:	SATISFIED
Person(s) Entitled:	CLOSE BROTHERS LIMITED
Amount Secured:	£38173.90 DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF THE AGREEMENT
Details:	ALL RIGHTS,TITLE AND INTEREST IN ALL SUMS PAYABLE.....SEE FORM 395
Mortgage Type:	LEGAL CHARGE
Date Charge Created:	08/03/91
Date Charge Registered:	27/03/91
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:	77 MAINDY ROAD CATHAYS CARDIFF SOUTH GLAMORGAN T/N WA 1514590

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	08/03/91
Date Charge Registered:	27/03/91
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:	79 MAINDY ROAD, CATHAYS, CARDIFF, SOUTH GLAMORGAN T/N WA 162140
Mortgage Type:	LEGAL CHARGE
Date Charge Created:	08/03/91
Date Charge Registered:	27/03/91
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:	85 MAINDY ROAD, CATHAYS, CARDIFF SOUTH GLAMORGAN T/N WA 177080

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	08/03/91
Date Charge Registered:	27/03/91
Date Charge Satisfied:	24/03/03
Status:	SATISFIED
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:	13 HORNCHURCH CLOSE LLANDAFF, CARDIFF, SOUTH GLAM T/N WA 456191
Mortgage Type:	LEGAL CHARGE
Date Charge Created:	08/03/91
Date Charge Registered:	27/03/91
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:	15 LISVANE STREET CATHAYS, CARDIFF SOUTH GLAMORGAN T/N WA 53616.

Mortgage Type:	LETTER OF CHARGEE
Date Charge Created:	07/12/90
Date Charge Registered:	21/12/90
Date Charge Satisfied:	24/03/03
Status:	SATISFIED
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 MONEYS NOW OR AT ANY TIME HEREAFTERSTANDING TO THE CREDIT OF ANY ACCOUNT(S) OF THE COMPANY WITHTHE BANK DESIGNETED BARCLAYS BANK PLC RE: BEARMACH (LONDON) LIMITED HIGH INTEREST BUSINESS ACCOUNT.
Mortgage Type:	A CREDIT AGREEMENT
Date Charge Created:	19/01/90
Date Charge Registered:	06/02/90
Date Charge Satisfied:	24/03/03
Status:	SATISFIED
Person(s) Entitled:	CLOSE BROTHERS LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE PURSUANT TO THE TERMS OF THE CREDITAPPLICATION
Details:	ALL ITS RIGHT TITLE & INTEREST IN & TO ALL SUMS PAYABLE UNDER THE INSURANCES (FOR FULL DETAILS SEE FORM 395)

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	16/01/89
Date Charge Registered:	26/01/89
Date Charge Satisfied:	09/02/91
Status:	SATISFIED
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:	UNIT 36, 37, 38 & 39 SPRINGVALE INDUSTRIAL ESTATE, CUMBRAN GWENT T/N WA 391333
Mortgage Type:	DEBENTURE
Date Charge Created:	27/01/84
Date Charge Registered:	02/02/84
Date Charge Satisfied:	02/02/84
Status:	SATISFIED
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 CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	27/01/84
Date Charge Registered:	02/02/84
Date Charge Satisfied:	02/02/84
Status:	SATISFIED
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:	F/H 66 LONDON ROAD TOOTING, LONDON BOROUGH OF MERTON. T/N SY 294132
Mortgage Type:	LEGAL CHARGE
Date Charge Created:	27/01/84
Date Charge Registered:	02/02/84
Date Charge Satisfied:	09/02/91
Status:	SATISFIED
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:	F/H LAND & BUILDINGS LYING TO THE SOUTHOF MAINDY ROAD CARDIFF SOUTH GLAMORGAN. T/N WA 41596

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	27/01/84
Date Charge Registered:	02/02/84
Date Charge Satisfied:	09/02/91
Status:	SATISFIED
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:	F/H UNIT 19, BEDWAS HOUSE INDUSTRIAL ESTATE, BEDWAS MID GLAMORGAN.

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	6	£23,206
Company Name	Amount	Statement Date
A & P Parts Ltd	£7,529	29/05/2014
Liveridge British 4x4 Ltd	£6,318	24/09/2014
Croftbank Services Limited	£3,474	07/07/2010
Truck Trix Limited	£2,472	21/01/2010
Jones & Bramley (Coachworks) Limited	£2,351	20/11/2013
M I B Offroad Ltd	£1,062	04/09/2014

Previous Director/Company Secretaries

Name		Current Directorships	Previous Directorships
Peter Ian Whitehouse		6	20
Marianne Shahbazian		2	2
Marianne Shahbazian		2	2
Trevor Middleton		52	60
Ani Torosyan		0	2
Ani Torosyan		0	2
Hovan Karabet Torosyan		2	1
Leszek Richard Litwinowicz		26	53
GATELEY SECRETARIES LIMITED		245	844
Seroj Shahbazian		1	1
Ayde Torosyan		0	1
Average Invoice Value	£523.96
Invoices available	1617
Paid	1460
Outstanding	157

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	274	631	335	137	83
Outstanding	1	53	45	47	11

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.55
UK Pound	1	Rs.97.53
Euro	1	Rs.76.48

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	SNT

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.