MIRA INFORM REPORT

Report Date :

17.09.2014

IDENTIFICATION DETAILS

Name :	TVS SUPPLY CHAIN SOLUTIONS LIMITED

Formerly Known As :	MULTIPART SOLUTIONS LIMITED

Registered Office :	Logistics House, Buckshaw Avenue Chorley PR6 7AJ

Country :	United Kingdom

Financials (as on) :	31.03.2014

Date of Incorporation :	21.09.1992

Com. Reg. No.:	02748952

Legal Form :	Private Limited With Share Capital

Line of Business :	Wholesale Trade of Motor Vehicles Parts and Accessories.

No of Employees :	302

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 – June 01, 2014

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

United Kingdom

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderate Low Risk	B1
Moderate Risk	B2
Moderate High Risk	C1
High Risk	C2
Very High Risk	D

United Kingdom - ECONOMIC OVERVIEW

The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Over the past two decades, the government has greatly reduced public ownership. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining and the UK became a net importer of energy in 2005. Services, particularly banking, insurance, and business services, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output. After emerging from recession in 1992, Britain's economy enjoyed the longest period of expansion on record during which time growth outpaced most of Western Europe. In 2008, however, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Falling home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets; these included nationalizing parts of the banking system, temporarily cutting taxes, suspending public sector borrowing rules, and moving forward public spending on capital projects. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated a five-year austerity program, which aimed to lower London's budget deficit from about 11% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 largely due to the euro-zone debt crisis. The CAMERON government raised the value added tax from 17.5% to 20% in 2011. It has pledged to reduce the corporation tax rate to 21% by 2014. The Bank of England (BoE) implemented an asset purchase program of £375 billion (approximately $605 billion) as of December 2013. During times of economic crisis, the BoE coordinates interest rate moves with the European Central Bank, but Britain remains outside the European Economic and Monetary Union (EMU). In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.4%, accelerating unexpectedly in the second half of the year because of greater consumer spending and a recovering housing market. The budget deficit is falling but remains high at nearly 7% and public debt has continued to increase.

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

Company Name:	TVS SUPPLY CHAIN SOLUTIONS LIMITED
Company Number:	02748952
Company Status	Active – Accounts Filled

Registered Address	LOGISTICS HOUSE BUCKSHAW AVENUE CHORLEY PR6 7AJ	Trading Address	Logistics House Buckshaw Avenue Chorley Lancashire PR6 7AJ
Website Address	http://www.multipart.com		Telephone Number
01257265531	Fax Number		TPS
No	FPS	No	Incorporate Date
21/09/1992			Previous Name
MULTIPART SOLUTIONS LIMITED	Type	Private limited with Share Capital
	FTSE Index	-	Date of Change
02/04/2012	Filing Date of Accounts	23/07/2014	Currency
GBP	Share Capital	£2	SIC07
45130	Charity Number	-	SIC07 Description
WHOLESALE TRADE OF MOTOR VEHICLES PARTS AND ACCESSORIES			Principal Activity
The provision of outsourced inventory management and logistics services to the automotive and defence sectors.

DIRECTORS/MANAGEMENT

Current Directors

Name	Dinesh Ramachandran	Date of Birth	25/02/1965
Officers Title		Nationality	Indian
Present Appointments	3	Function	Director
Appointment Date	23/10/2009
Address	7b West Velie Street, Madurai, Tamil Nadu 625001
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Paul John Roberts	Date of Birth	02/12/1968
Officers Title	Mr	Nationality	British
Present Appointments	22	Function	Director
Appointment Date	07/09/2006
Address	6 Sinclair Avenue, Prescot, Merseyside, L35 7LN
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Ravichandran Sargunaraj	Date of Birth	01/06/1955
Officers Title		Nationality	Indian
Present Appointments	6	Function	Director
Appointment Date	23/10/2009
Address	Logistics House Buckshaw Avenue, Chorley, Lancashire, PR6 7AJ
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Richard Peter Slee	Date of Birth	14/03/1962
Officers Title	Mr	Nationality	British
Present Appointments	8	Function	Director
Appointment Date	25/01/2012
Address	Logistics House Buckshaw Avenue, Chorley, Lancashire, PR6 7AJ

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Aviva Company Secretarial Services Limited	722	380
Dennis Melvyn Benson	5	11
Andrew Harrison	11	20
Ronald Robert Collins Hobbs	11	25
Charles James Jennings	8	46
Leslie Malcolm Wharton	1	9
Leslie Malcolm Wharton	1	9
Ian Roger Hawkins	7	20
Richard George Jones	0	6
Simon James Holland	12	50
Trevor Edwin Chinn	4	45
Mark Lees Young	139	205
Murdoch Lang McKillop	4	7
Alan Keith Simpson	0	12
Patrick Joseph Robert Snowball	0	110
James John Gleave	0	2
Christopher John Monks	0	6
Peter Robert Harris	10	98
Helen Patricia Ashcroft	1	4
Martin Frederick McWilliam	6	10
Robert John Parker	0	1
Christopher John Tennant	0	20
Allan Ewing Murdoch	7	7
Franek Stanley Low	6	11
Franek Stanley Low	6	11
Jonathan Andrews	3	2
Geoffrey Clark	3	3
Brian Joseph Sneyd	0	2
Mark Jonathan Lewis	0	15
Keith John Dewhurst	0	2
Pamela Mary Coles	32	488
John Tony Davies	4	10
Mark Eburne	0	3
Alan Joseph Stedall	0	3
David Robin Little	14	2
Christopher Gateley	2	17
Christopher Gateley	2	17
Philip Charles Easter	21	197
Roeloff Jacobus Boettger	0	6
Hubert Rene Brody	0	6
Deven Thakrar	1	4
James John Norris	0	3
Brian Joseph Sneyd	0	3
Stuart John Dootson	6	72
Stuart John Dootson	6	72
Osman Suluman Arbee	2	3
Daniel Michael Van Der Linde	0	2
John Stephenson	1	10
Simon Christopher MacHell	0	162

NEGATIVE INFORMATION

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

SHARE & SHARE CAPITAL INFORMATION

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
TVS LOGISTICS INVESTMENT UK LTD	GBP	2	ORDINARY	1	100

PAYMENT INFORMATION

Mortgage Summary

Total Mortgage	7
Summary	3
Satisfied	4

Trade debtors / Bad debts Summary

Total Number of Documented Trade	3
Total Value of Documented Trade	£2,143

Trade Payment Information

Average Invoice Value	381.81
Invoices available	941
Paid	761
Outstanding	180

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

Enquiries Trend

There have been 356 enquiries in the last 12 months.

There are an average of 30 reports taken each month.

	3 MONTHS	6 MONTHS	9 MONTHS
Enquiries	79	194	247

Mortgage Details

Mortgage Type:	DEBENTURE
Date Charge Created:	17/08/12
Date Charge Registered:	21/08/12
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	STANDARD CHARTERED BANK
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THETERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	FIXED CHARGE ALL ITS RIGHT, TITLE AND INTEREST IN AND TO THE RECEIVABLES, THE COLLECTION ACCOUNTS, THE ASSIGNED ASSETS AND BY WAY OF FLOATING CHARGE ALL OF ITSSTOCK AND ANY ASSIGNED ASSET SEE IMAGE FOR FULL DETAILS

Mortgage Type:	DEED OF CHARGE OVER CREDIT BALANCES
Date Charge Created:	27/06/12
Date Charge Registered:	06/07/12
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:	BARCLAYS BANK PLC RE TVS SUPPLY CHAIN SOLUTIONS LIMITED, BUSINESS PREMIUM ACCOUNT, ACCOUNT NUMBER 83144585 THE CHARGE CREATES A FIXED CHARGE OVER ALL THE DEPOSIT(S) REFERRED TO IN THE SCHEDULE TO THEFORM MG01 (INCLUDING ALL OR ANY PART OFTHE MONEY PAYABLE PURSUANT TO SUCH DEPOSIT(S) & THE DEBTS REPRESENTED THEREBY) TOGETHER WITH ALL INTEREST FROM TIME TO TIME ACCRUING THEREON. IT ALSO CREATES AN ASSIGNMENT BY THE CHARGOR FOR THE PURPOSES OF & TO GIVE EFFECT TO THE SECURITYOVER THE RIGHT OF THE CHARGOR TO REQUIRE REPAYMENT OF SUCH DEPOSIT(S) & INTEREST THEREON

Mortgage Type:	DEBENTURE
Date Charge Created:	19/03/11
Date Charge Registered:	31/03/11
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	EXPORT-IMPORT BANK OF INDIA
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	F/H LOGISTICS HOUSE BUCKSHAW AVENUE CHORLEY LANCASHIRE T/NO:LAN25639 FIXED AND FLOATING CHARGE OVERTHE UNDERTAKING ANDALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOK DEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY SEE IMAGE FOR FULL DETAILS

Mortgage Type:	COMPOSITE GUARANTEE AND DEBENTURE
Date Charge Created:	06/06/08
Date Charge Registered:	21/06/08
Date Charge Satisfied:	31/07/12
Status:	SATISFIED
Person(s) Entitled:	KBC BUSINESS CAPITAL, A DIVISION OF KBC BANK NV
Amount Secured:
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 SEE IMAGEFOR FULL DETAILS

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	16/12/05
Date Charge Registered:	04/01/06
Date Charge Satisfied:	22/03/08
Status:	SATISFIED
Person(s) Entitled:	CHORLEY BOROUGH COUNCIL
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	F/H PROPERTY K/A LAND COMPRISING PART OF ROF STRATEGIC REGIONAL SITE, CHORLEY COMPRISIMG 24.74 ACRES, T/NOS LAN6426 ANDLAN18677

Mortgage Type:	DEBENTURE
Date Charge Created:	04/08/93
Date Charge Registered:	11/08/93
Date Charge Satisfied:	27/10/95
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC AS AGENT AND TRUSTEE FOR THE SECURED PARTIES (AS DEFINED)
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER OR PURSUANT TO ANY OF THE FINANCING DOCUMENTS (AS DEFINED)
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:	MORTGAGE DEBENTURE
Date Charge Created:	04/08/93
Date Charge Registered:	11/08/93
Date Charge Satisfied:	19/06/03
Status:	SATISFIED
Person(s) Entitled:	LEYLAND DAF LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE HIVEDOWN AGREEMENT DATED05/07/93 AND/OR A SUPPLEMENTAL AGREEMENT DATED 04/08/93 AND/OR THIS DEBENTURE
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

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	3	£2,143

Company Name	Amount	Statement Date
Valley Trucks (Hoddesdon) Limited	£1,688	06/04/2011
Shire Vee And Inline Ltd	£301	05/12/2011
Comex Exhausts Limited	£154	03/05/2011

	Within Terms	0-30 Days	31-60 Days	61-90 Days	91+ Days
Paid	297	280	117	39	28
Outstanding	68	101	7	0	4

GROUP STRUCTURE & AFFILIATED COMPANIES

Statistics

Group	18 companies
Linkages	1 companies
Countries	In 1 countries

Summary

Holding Company	TVS LOGISTICS INVESTMENT UK LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	TVS SUNDRAM IYENGAR & SONS LTD

FINANCIAL INFORMATION

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder	Funds Employee
31/03/2014	£92,987,000	£670,000	£26,679,000	302
31/03/2013	£82,119,000	£1,939,000	£26,559,000	296
31/03/2012	£66,326,000	£1,100,000	£25,124,000	246

Profit & Loss

Date Of Accounts	31/03/14	(%)	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	31/03/10
Weeks	52	(%)	52	(%)	52	(%)	52	(%)	39
Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
Turnover	£92,987,000	13.2%	£82,119,000	23.8%	£66,326,000	2.9%	£64,456,000	62%	£39,789,000
Export	£6,976,000	14.1%	£6,112,000	595.3%	£879,000	-17.1%	£1,060,000	58.4%	£669,000
Cost of Sales	£68,256,000	17.6%	£58,017,000	30%	£44,623,000	1.8%	£43,823,000	80.1%	£24,327,000
Gross Profit	£24,731,000	2.6%	£24,102,000	11.1%	£21,703,000	5.2%	£20,633,000	33.4%	£15,462,000
Wages & Salaries	£10,212,000	1.8%	£10,034,000	13.2%	£8,864,000	9.8%	£8,075,000	49.6%	£5,396,000
Directors Emoluments	£146,000	-66.5%	£436,000	19.5%	£365,000	27.6%	£286,000	33%	£215,000
Operating Profit	£2,821,000	-9.5%	£3,116,000	38.1%	£2,256,000	-22.2%	£2,900,000	16%	£2,500,000
Depreciation	£1,103,000	3.9%	£1,062,000	0.1%	£1,061,000	3.2%	£1,028,000	31.1%	£784,000
Audit Fees	£30,000	-	£30,000	3.4%	£29,000	16%	£25,000	4.2%	£24,000
Interest Payments	£974,000	-20.5%	£1,225,000	4.5%	£1,172,000	20.3%	£974,000	384.6%	£201,000
Pre Tax Profit	£670,000	-65.4%	£1,939,000	76.3%	£1,100,000	-43%	£1,931,000	-16%	£2,300,000
Taxation	-£550,000	-9.1%	-£504,000	-61.5%	-£312,000	45.2%	-£569,000	11.4%	-£642,000
Profit After Tax	£120,000	-91.6%	£1,435,000	82.1%	£788,000	-42.1%	£1,362,000	-17.9%	£1,658,000
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	£120,000	-91.6%	£1,435,000	82.1%	£788,000	-42.1%	£1,362,000	-17.9%	£1,658,000

Balance Sheet

Date Of Accounts	31/03/14	(%)	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	31/03/10
Tangible Assets	£29,497,000	-2.4%	£30,229,000	-8.8%	£33,164,000	-14.7%	£38,889,000	-1.6%	£39,541,000
Intangible Assets	£479,000	-11.1%	£539,000	-10%	£599,000	-	0	-	0
Total Fixed Assets	£29,976,000	-2.6%	£30,768,000	-8.9%	£33,763,000	-13.2%	£38,889,000	-1.6%	£39,541,000
Stock	£16,367,000	5.1%	£15,578,000	10.8%	£14,054,000	15.6%	£12,159,000	14.3%	£10,638,000
Trade Debtors	£12,279,000	15.8%	£10,608,000	-7.5%	£11,466,000	5.9%	£10,825,000	25%	£8,660,000
Cash	£6,112,000	-53.6%	£13,165,000	604.4%	£1,869,000	-59.1%	£4,575,000	1%	£4,531,000
Other Debtors	£5,613,000	42.5%	£3,939,000	33.3%	£2,955,000	-77.2%	£12,945,000	999.9%	£1,096,000
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	£40,371,000	-6.7%	£43,290,000	42.7%	£30,344,000	-25.1%	£40,504,000	62.5%	£24,925,000
Trade Creditors	£19,040,000	-7.9%	£20,667,000	135%	£8,796,000	-18.5%	£10,796,000	8.3%	£9,970,000
Bank Loans & Overdrafts	£12,714,000	25.3%	£10,143,000	-30%	£14,500,000	20.8%	£12,000,000	209%	£3,883,000
Other Short Term Finance	£185,000	-94%	£3,105,000	97.3%	£1,574,000	999.9%	£121,000	-23.9%	£159,000
Miscellaneous Current Liabilities	£3,883,000	-8.4%	£4,237,000	0.3%	£4,224,000	1.4%	£4,166,000	11.6%	£3,733,000
Total Current Liabilities	£35,822,000	-6.1%	£38,152,000	31.1%	£29,094,000	7.4%	£27,083,000	52.6%	£17,745,000
Bank Loans & Overdrafts and LTL	£20,560,000	5.5%	£19,490,000	-20.1%	£24,389,000	-39%	£39,974,000	44.7%	£27,630,000
Other Long Term Finance	0	-	0	-	0	-100%	£16,640,000	-0.1%	£16,652,000
Total Long Term Liabilities	£7,846,000	-16.1%	£9,347,000	-5.5%	£9,889,000	-64.6%	£27,974,000	17.8%	£23,747,000

Capital & Reserves

Date Of Accounts	31/03/14	(%)	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	31/03/10
Called Up Share Capital	-	-	-	-	-	-	-	-	-
P & L Account Reserve	£26,679,000	0.5%	£26,559,000	5.7%	£25,124,000	3.2%	£24,336,000	5.9%	£22,974,000
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	£26,679,000	0.5%	£26,559,000	5.7%	£25,124,000	3.2%	£24,336,000	5.9%	£22,974,000

Other Financial Items

Date Of Accounts	31/03/14	(%)	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	31/03/10
Net Worth	£26,200,000	0.7%	£26,020,000	6.1%	£24,525,000	0.8%	£24,336,000	5.9%	£22,974,000
Working Capital	£4,549,000	-11.5%	£5,138,000	311%	£1,250,000	-90.7%	£13,421,000	86.9%	£7,180,000
Total Assets	£70,347,000	-5%	£74,058,000	15.5%	£64,107,000	-19.3%	£79,393,000	23.2%	£64,466,000
Total Liabilities	£43,668,000	-8.1%	£47,499,000	21.8%	£38,983,000	-29.2%	£55,057,000	32.7%	£41,492,000
Net Assets	£26,679,000	0.5%	£26,559,000	5.7%	£25,124,000	3.2%	£24,336,000	5.9%	£22,974,000

Cash Flow

Date Of Accounts	31/03/14	(%)	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	31/03/10
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	31/03/14	(%)	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	31/03/10
Contingent Liability	NO	-	NO	-	YES	-	YES	-	YES
Capital Employed	£34,525,000	-3.8%	£35,906,000	2.6%	£35,013,000	-33.1%	£52,310,000	12%	£46,721,000

Ratios

Date Of Accounts	31/03/14	31/03/13	31/03/12	31/03/11	31/03/10
Pre-tax profit margin %	0.72	2.36	1.66	3	5.78
Current ratio	1.13	1.13	1.04	1.50	1.40
Sales/Net Working Capital	20.44	15.98	53.06	4.80	5.54
Gearing %	77.10	73.40	97.10	164.30	120.30
Equity in %	38.20	36.10	39.60	30.70	35.60
Creditor Days	74.53	91.60	48.27	60.96	68.40
Debtor Days	48.06	47.02	62.92	61.13	59.41
Liquidity/Acid Test	0.67	0.72	0.55	1.04	0.80
Return On Capital Employed %	1.94	5.40	3.14	3.69	4.92
Return On Total Assets Employed %	0.95	2.61	1.71	2.43	3.56
Current Debt Ratio	1.34	1.43	1.15	1.11	0.77
Total Debt Ratio	1.63	1.78	1.55	2.26	1.80
Stock Turnover Ratio %	17.60	18.97	21.18	18.86	26.73
Return on Net Assets Employed %	2.51	7.30	4.37	7.93	10.01

FOREIGN EXCHANGE RATES

N/A

ADDITIONAL INFORMATION

Current Company Secretary

Name	Paul John Roberts	Date of Birth	02/12/1968
Officers Title	Mr	Nationality	British
Present Appointments	22	Function	Company Secretary
Appointment Date	07/09/2006
Address	6 Sinclair Avenue, Prescot, Merseyside, L35 7LN

Number of Employees	302	2%	296	20.3%	246	5.6%	233	2.2%	228
Auditors	KPMG LLP
Auditor Comments	The audit report contains no adverse comments
Bankers	BARCLAYS BANK PLC
Bank Branch Code	20-00-00

Status History

No Status History found

Event History

Date	Description
06/08/2014	New Accounts Filed
06/08/2014	New Accounts Filed
09/06/2014	Annual Returns
16/09/2013	New Accounts Filed
01/06/2013	Annual Returns
16/08/2012	New Accounts Filed
16/08/2012	New Accounts Filed
02/06/2012	Annual Returns
04/04/2012	Change of Name
03/02/2012	Mr C. Gateley has left the board
03/02/2012	New Board Member Mr R.P. Slee appointed
09/08/2011	New Accounts Filed
09/08/2011	New Accounts Filed
15/06/2011	Annual Returns
06/09/2010	New Accounts Filed

Previous Company Names

Date	Previous Name
02/04/2012	MULTIPART SOLUTIONS LIMITED
04/07/2008	IMPERIAL MULTIPART LIMITED
06/06/2006	LEX MULTIPART LIMITED
16/01/2001	MULTIPART DISTRIBUTION LIMITED
18/03/1993	REFAL 372 LIMITED

NOTES & COMMENTS

Commentary

No exact match CCJs are recorded against the company.

Sales in the latest trading period increased 13.2% on the previous trading period.

Net Worth increased by 0.7% during the latest trading period.

A 5% decline in Total Assets occurred during the latest trading period.

Pre-tax profits decreased by 65.4% compared to the previous trading period.

The company saw a decrease in their Cash Balance of 53.6% during the latest 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 name recently.

The company was established over 21 years ago.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.10
UK Pound	1	Rs.99.05
Euro	1	Rs.79.03

INFORMATION DETAILS

Analysis Done by :	RAS

Report Prepared by :	NIT

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.

Name	Number	Latest Key Financials	Rating	Limit	Turnover
TVS AUTOSERV GMBH	HRB 701212	31.03.2013	63	€22,000