MIRA INFORM REPORT

Report No. :	336315
Report Date :	10.08.2015

IDENTIFICATION DETAILS

Name :	JAIN (EUROPE) LIMITED

Formerly Known As :	EX-CEL PLASTIC DISTRIBUTION LIMITED JAIN IRRIGATION (EUROPE) LIMITED NOVELENGAGE LIMITED

Registered Office :	3rd Floor Rear Right Regal House Twickenham TW1 3QS

Country :	United Kingdom

Financials (as on) :	31.03.2015

Date of Incorporation :	21.06.1996

Com. Reg. No.:	03215190

Legal Form :	Private limited with Share Capital

Line of Business :	Wholesale of other intermediate products · A group engaged in the importation and distribution of plastic products.

No. of Employees :	136

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory

Payment Behaviour :	No Complaints

Litigation :	Clear

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – March 31, 2015

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

United Kingdom

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. 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. In 2008, 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. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which aimed to lower London's budget deficit from about 11% of GDP in 2010 to nearly 1% by 2015. 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 20% by 2015. However, the deficit still remains one of the highest in the G7, standing at 5.8% in 2013. The Bank of England (BoE) implemented an asset purchase program of �375 billion (approximately $586 billion) as of December 2014. 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 1.8%, accelerating unexpectedly because of greater consumer spending and a recovering housing market.

Source : CIA

Company Name

JAIN (EUROPE) LIMITED

Company No

03215190

Company Status

Active - Accounts Filed

Registered Address

3RD FLOOR REAR RIGHT

REGAL HOUSE

TWICKENHAM

TW1 3QS

Company Summary

Registered Address	3RD FLOOR REAR RIGHT	Trading Address	3rd Floor Rear Right
	REGAL HOUSE		Regal House
	TWICKENHAM		Twickenham
	TW1 3QS		TW1 3QS
Website Address	http://www.jains.com		TW1 3QS
Website Address	http://www.jains.com
Telephone Number	02088918700	Fax Number
TPS	No	FPS	No
Incorporation Date	21/06/1996
Previous Name	EX-CEL PLASTIC	Type	Private limited with Share Capital
	DISTRIBUTION LIMITED
FTSE Index	-	Date of Change	03/10/2005
Filing Date of Accounts	02/06/2015	Currency	GBP
Share Capital	£10,995,500	SIC07	46760
Charity Number	-

SIC07 Description	WHOLESALE OF OTHER INTERMEDIATE PRODUCTS
Principal Activity	A group engaged in the importation and distribution of plastic products.

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder	Funds Employees
31/03/2015	£87,464,184	£2,304,112	£5,938,098	136
31/03/2014	£65,897,292	£647,749	£3,742,045	117
31/03/2013	£63,297,436	£250,390	-£1,910,704	116

Mortgage Summary

Total Mortgage	10
Outstanding	2
Satisfied	8

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade	0
Total Value of Documented Trade	£0

Commentary

This company's return on total assets employed ratio indicates a relatively efficient use of assets.

This company has only made late payments on a low percentage of invoices.

This company's ratio of total liabilities to total assets indicates the presence of moderate equity funding.

This company's bank loans and overdrafts (less cash) account for a high percentage of short term liabilities.

This company trades in an industry with a lower level of corporate failures.

CCJ

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

Total Current Directors	2
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	6

Current Directors

Name	Atul Jain	Date of Birth	06/01/1969
Officers Title	Mr	Nationality	Indian
Present Appointments	1	Function	Director
Appointment Date	02/09/2005
Address	3rd Floor Rear Right Regal House, 70 London Road, Twickenham, TW1 3QS
Name	Anil Bhavarlal Jain	Date of Birth	10/03/1965
Officers Title	Mr	Nationality	Indian
Present Appointments	5	Function	Director
Appointment Date	06/01/1997
Address	3rd Floor Rear Right Regal House, 70 London Road, Twickenham, TW1 3QS

Current Company Secretary

Name	Jitendra Shah	Date of Birth	-
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Company Secretary
Appointment Date	12/03/2010
Address	551 London Road, Isleworth, Middlesex, TW7 4DS

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
JISL OVERSEAS LTD	GBP	5,995,500	ORDINARY	1	54.53
JAIN INTERNATIONAL TRADING BV	GBP	5,000,000	ORDINARY	1	45.47

Profit & Loss

	Date Of Accounts	31/03/15	(%)	31/03/14	(%)	31/03/13	(%)	31/03/12	(%)	31/03/11
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	Y	(%)	Y	(%)	Y	(%)	Y	(%)	Y
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Turnover	£87,464,184	32.7%	£65,897,292	4.1%	£63,297,436	5.2%	£60,145,104	65.6%	£36,313,041
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Cost of Sales	£77,550,002	35%	£57,457,071	2.8%	£55,894,564	2.9%	£54,339,061	61.6%	£33,634,799
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Gross Profit	£9,914,182	17.5%	£8,440,221	14%	£7,402,872	27.5%	£5,806,043	116.8%	£2,678,242
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Wages & Salaries	£4,932,920	31.4%	£3,754,517	7.5%	£3,491,153	27.9%	£2,728,542	84.4%	£1,479,380
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Directors Emoluments	-	-	-	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Operating Profit	£2,260,003	105.6%	£1,099,458	241%	-£779,575	-9.9%	-£709,453	-658.3%	£127,063
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Depreciation	£320,527	44.2%	£222,228	-14.8%	£260,903	1.8%	£256,412	128.3%	£112,312
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Audit Fees	£54,681	79.3%	£30,500	1.3%	£30,100	12.5%	£26,750	91.1%	£14,000
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Interest Payments	£1,007,305	28.5%	£783,860	-29%	£1,103,878	80.2%	£612,601	33%	£460,516
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Pre Tax Profit	£2,304,112	255.7%	£647,749	158.7%	£250,390	121.5%	-£1,164,171	-261.8%	-£321,799
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Taxation	-£127,058	-999.9%	£5,000	-18.6%	£6,141	120.6%	-£29,801	4.1%	-£31,083
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Profit After Tax	£2,177,054	233.5%	£652,749	154.5%	£256,531	121.5%	-£1,193,972	-238.3%	-£352,882
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Retained Profit	£2,177,054	233.5%	£652,749	154.5%	£256,531	121.5%	-£1,193,972	-238.3%	-£352,882

Balance Sheet

	Date Of Accounts	31/03/15	(%)	31/03/14	(%)	31/03/13	(%)	31/03/12	(%)	31/03/11
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Tangible Assets	£5,332,452	81.5%	£2,937,299	3.3%	£2,843,084	-47.3%	£5,394,651	3.4%	£5,214,803
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Intangible Assets	0	-	0	-100%	£207,397	-50%	£414,792	-33.3%	£622,187
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Total Fixed Assets	£5,332,452	81.5%	£2,937,299	-3.7%	£3,050,481	-47.5%	£5,809,443	-0.5%	£5,836,990
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Stock	£18,112,587	20.3%	£15,056,133	9.3%	£13,780,712	-26.9%	£18,862,360	12.6%	£16,756,150
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Trade Debtors	£19,206,956	52.3%	£12,609,764	0.7%	£12,528,195	13.1%	£11,074,598	20.6%	£9,185,567
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Cash	£1,222,093	41.8%	£861,769	63.4%	£527,400	-47.9%	£1,012,259	999.9%	£55,491
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Other Debtors	£30,881,060	78.1%	£17,340,906	202.4%	£5,735,343	-15.6%	£6,796,614	73.7%	£3,913,733
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-100%	£3,500	-87.7%	£28,500	-	0
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Total Current Assets	£69,422,696	51.4%	£45,868,572	40.8%	£32,575,150	-13.8%	£37,774,331	26.3%	£29,910,941
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Trade Creditors	£41,694,062	61.2%	£25,866,832	45.4%	£17,789,752	367.4%	£3,805,719	-10.8%	£4,267,578
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts	£17,154,699	27.2%	£13,488,926	12.8%	£11,953,904	-30.4%	£17,186,554	115.4%	£7,977,587
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Other Short Term Finance	£1,916,017	999.9%	£136,627	-98%	£6,898,023	-70.5%	£23,368,787	3.8%	£22,508,446
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Miscellaneous Current Liabilities	£382,122	-29.4%	£541,289	23.6%	£437,955	-40.4%	£734,208	-32.2%	£1,082,789
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Total Current Liabilities	£61,146,900	52.7%	£40,033,674	8%	£37,079,634	-17.8%	£45,095,268	25.8%	£35,836,400
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	£24,824,849	34.1%	£18,519,078	49.2%	£12,410,605	-30.4%	£17,842,295	101.3%	£8,862,381
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Other Long Term Finance	£635,665	597.3%	£91,165	-4%	£94,928	-27.8%	£131,468	999.9%	£2,521
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Total Long Term Liabilities	£7,670,150	52.5%	£5,030,152	999.9%	£456,701	-30.4%	£655,741	-25.9%	£884,794

Capital & Reserves

	Date Of Accounts	31/03/15	(%)	31/03/14	(%)	31/03/13	(%)	31/03/12	(%)	31/03/11
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Called Up Share Capital	£10,995,500	-	£10,995,500	83.4%	£5,995,500	-	£5,995,500	-	£5,995,500
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	P & L Account Reserve	-£5,076,401	30%	-£7,253,455	8.3%	-£7,906,204	3.1%	-£8,162,735	-17.1%	-£6,968,763
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Sundry Reserves	£18,999	-	-	-	-	-	-	-	-
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Shareholder Funds	£5,938,098	58.7%	£3,742,045	295.8%	-£1,910,704	11.8%	-£2,167,235	-122.7%	-£973,263

Other Financial Items

	Date Of Accounts	31/03/15	(%)	31/03/14	(%)	31/03/13	(%)	31/03/12	(%)	31/03/11
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Net Worth	£5,938,098	58.7%	£3,742,045	276.7%	-£2,118,101	18%	-£2,582,027	-61.8%	-£1,595,450
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Working Capital	£8,275,796	41.8%	£5,834,898	229.5%	-£4,504,484	38.5%	-£7,320,937	-23.6%	-£5,925,459
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Total Assets	£74,755,148	53.2%	£48,805,871	37%	£35,625,631	-18.3%	£43,583,774	21.9%	£35,747,931
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Total Liabilities	£68,817,050	52.7%	£45,063,826	20.1%	£37,536,335	-18%	£45,751,009	24.6%	£36,721,194
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Net Assets	£5,938,098	58.7%	£3,742,045	295.8%	-£1,910,704	11.8%	-£2,167,235	-122.7%	-£973,263

Cash Flow

	Date Of Accounts	31/03/15	(%)	31/03/14	(%)	31/03/13	(%)	31/03/12	(%)	31/03/11
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Net Cashflow from Operations	-£5,933,397	3.7%	-£6,162,893	-670.3%	£1,080,723	112.6%	-£8,598,329	-367.7%	£3,212,465
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Net Cashflow before Financing	-£8,681,196	-26.6%	-£6,856,323	-255.5%	£4,410,174	144.7%	-£9,874,392	-999.9%	-£54,034
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Net Cashflow from Financing	£9,450,009	44%	£6,562,654	234.1%	-£4,895,033	-145.2%	£10,831,160	999.9%	-£564,554
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Increase in Cash	£768,813	361.8%	-£293,669	39.4%	-£484,859	-150.7%	£956,768	254.7%	-£618,588

Miscellaneous

	Date Of Accounts	31/03/15	(%)	31/03/14	(%)	31/03/13	(%)	31/03/12	(%)	31/03/11
	Contingent Liability	YES	-	YES	-	NO	-	NO	-	NO
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Capital Employed	£13,608,248	55.1%	£8,772,197	703.3%	-£1,454,003	3.8%	-£1,511,494	-999.9%	-£88,469
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Number of Employees	136	16.2%	117	0.9%	116	13.7%	102	6.3%	96
	Accountants
	Auditors	SPOFFORTHS LLP
	Auditor Comments	The audit report contains no adverse comments
	Bankers	BARCLAYS BANK PLC
	Bank Branch Code

Ratios

	Date Of Accounts	31/03/15	31/03/14	31/03/13	31/03/12	31/03/11
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Pre-tax profit margin %	2.63	0.98	0.40	-1.94	-0.89
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Current ratio	1.14	1.15	0.88	0.84	0.83
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Sales/Net Working Capital	10.57	11.29	-14.05	-8.22	-6.13
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Gearing %	418.10	494.90	-649.50	-823.30	-910.60
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Equity in %	7.90	7.70	-5.40	-5	-2.80
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Creditor Days	173.51	142.88	102.30	23.03	42.77
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Debtor Days	79.93	69.65	72.04	67.02	92.07
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Liquidity/Acid Test	0.83	0.76	0.50	0.41	0.36
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Return On Capital Employed %	16.93	7.38	-17.22	77.02	363.74
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Return On Total Assets Employed %	3.08	1.32	0.70	-2.67	-0.90
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Current Debt Ratio	10.29	10.69	-19.40	-20.80	-36.82
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Total Debt Ratio	11.58	12.04	-19.64	-21.11	-37.72
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Stock Turnover Ratio %	20.70	22.84	21.77	31.36	46.14
$Description: \\vivek\Foreign Report Raw2\JAIN (EUROPE) LIMITED_files\barchart-grey.png$	Return on Net Assets Employed %	38.80	17.31	-13.10	53.71	33.06

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
15/07/2015	Annual Returns
15/06/2015	New Accounts Filed
15/06/2015	New Accounts Filed
08/07/2014	Annual Returns
26/06/2014	New Board Member Mr A. Jain appointed
09/06/2014	New Accounts Filed
20/03/2014	Mr A. Jain has left the board
07/08/2013	Change in Reg.Office
07/08/2013	Change of Company Postcode
10/07/2013	Annual Returns
06/07/2013	New Accounts Filed
11/08/2012	New Accounts Filed
11/08/2012	New Accounts Filed
14/07/2012	Annual Returns
10/09/2011	New Accounts Filed

Previous Company Names

Date	Previous Name
03/10/2005	EX-CEL PLASTIC DISTRIBUTION LIMITED
13/01/1997	JAIN IRRIGATION (EUROPE) LIMITED
30/07/1996	NOVELENGAGE LIMITED

Writ Details

No writs found

Statistics

Group	7 companies
Linkages	44 companies
Countries	In 16 countries

Summary

Holding Company	-
Ownership Status	Intermediately Owned
Ultimate Holding Company	JAIN IRRIGATION SYSTEMS

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
JAIN IRRIGATION SYSTEMS	11-42028	31.03.2015	-	€932,641,161
JISL OVERSEAS LTD	N/A	-	-
JAIN (EUROPE) LIMITED	03215190	31.03.2015	Y	£87,464,184
SQF 2009 LIMITED	07045183	31.03.2015	Y	£45,248,211
SLEAFORD FOOD GRO...	05162140	31.03.2015	N
SLEAFORD QUALIT...	00943156	31.03.2015	N	£45,248,211
ARNOLDS QUICK D...	01286495	31.03.2015	N

Mortgage Details

Mortgage Type:
Date Charge Created:	27/09/13
Date Charge Registered:	17/10/13
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	PUNJAB NATIONAL BANK (INTERNATIONAL) LIMITED;
Amount Secured:
Details:	CONTAINS FIXED CHARGE.NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE.
Mortgage Type:	DEBENTURE
Date Charge Created:	30/05/12
Date Charge Registered:	14/06/12
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	PUNJAB NATIONAL BANK INTERNATIONAL LIMITED
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 SEE IMAGEFOR FULL DETAILS

Mortgage Type:	RENT DEPOSIT DEED
Date Charge Created:	12/06/06
Date Charge Registered:	22/10/13
Date Charge Satisfied:	-
Status:	SATISFIED
Person(s) Entitled:	LONDON AND COUNTY (ISLEWORTH) LIMITED;
Amount Secured:
Details:	THE TENANT'S INTEREST IN ALL THE MONIESSTANDING TO THE CREDIT OF THE ACCOUNT INCLUDING ALL INTEREST ACCRUING THERETO
Mortgage Type:	COMPOSITE ALL ASSETS GUARANTEE AND DEBENTURE
Date Charge Created:	29/10/04
Date Charge Registered:	05/11/04
Date Charge Satisfied:	01/10/10
Status:	SATISFIED
Person(s) Entitled:	GE COMMERCIAL FINANCE LIMITED (SECURITY HOLDER)
Amount Secured:
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 MACHINERYSEE THE MORTGAGECHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	DEBENTURE
Date Charge Created:	26/09/02
Date Charge Registered:	27/09/02
Date Charge Satisfied:	02/05/12
Status:	SATISFIED
Person(s) Entitled:	UPS CAPITAL UK LTD
Amount Secured:
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:	RENT DEPOSIT DEED
Date Charge Created:	17/12/99
Date Charge Registered:	06/01/00
Date Charge Satisfied:	12/05/05
Status:	SATISFIED
Person(s) Entitled:	MEDIC INTERNATIONAL LIMITED
Amount Secured:	£2,963.00 DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF THE LEASE
Details:	CASH DEPOSIT OF £2,963.00

Mortgage Type:	DEED OF ASSIGNMENT OF RECEIVABLES
Date Charge Created:	23/11/99
Date Charge Registered:	02/12/99
Date Charge Satisfied:	12/05/05
Status:	SATISFIED
Person(s) Entitled:	MEESPIERSON N.V.
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ALL MONIES NOW OR AT ANY TIME IN THE FUTURE DUE OWING OR INCURRED BY EULER TRADE INDEMNITY PLC IN CONNECTION WITH A CREDIT INSURANCE POLICY NO 189121801
Mortgage Type:	DEBENTURE
Date Charge Created:	28/10/99
Date Charge Registered:	12/11/99
Date Charge Satisfied:	18/09/02
Status:	SATISFIED
Person(s) Entitled:	MEES PIERSON N.V.
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ALL DEBTS DUE OR OWING TO THE COMPANY ARISING IN THE ORDINARY AND USUAL COURSE OF BUSINESS. SEE THEMORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	DEBENTURE
Date Charge Created:	21/01/98
Date Charge Registered:	28/01/98
Date Charge Satisfied:	06/11/99
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:	DEED OF GUARANTEE AND DEBENTURE
Date Charge Created:	03/11/97
Date Charge Registered:	17/11/97
Date Charge Satisfied:	12/06/99
Status:	SATISFIED
Person(s) Entitled:	CROSSTRANS N.V.
Amount Secured:	ALL MONIES AND THE DISCHARGE OF ALL OBLIGATIONS AND LIABILITIES COVENANTED IN THE DEED OF DEBENTUREPURSUANT TO THE SETTLEMENT DEED DATED 3RD NOVEMBER 1997 BETWEEN CROSSTRANS, N.V.,JAIN PLASTICS AND CHEMICALS LIMITED AND JAIN IRRIGATIONSYSTEMS LIMITED AND PURSUANT TO THE DEED OF PLEDGE OF EVEN DATE BETWEEN EX-CELAND CROSSTRANS
Details:	BY WAY OF A FIRST FLOATING CHARGE THE ASSETS(AS DEFINED) OF EXCEL SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Ashish Gadi	0	1
WSM SECRETARIES LIMITED	47	72
GARDWELL NOMINEES LIMITED	9	40
Anup Jacob	0	1
INSTANT COMPANIES LIMITED	2431	120340
SWIFT INCORPORATIONS LIMITED	2579	263489

Average Invoice Value	Ł589.36
Invoices available	38
Paid	38
Outstanding	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.81
UK Pound	1	Rs.98.93
Euro	1	Rs.69.66

INFORMATION DETAILS

Analysis Done by :	KAS

Report Prepared by :	VNT

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	Turnover
JAIN (ISRAEL) B.V.	17136438	31.03.2014
JAIN OVERSEAS B.V.	34161054	31.03.2014
JAIN INTERNATIONAL TRADING B.V.	34386980	31.03.2014
NAANDAN JAIN ITALIA S.R.L.	MI1451803	31.12.2014	€6,773,500
JISL GLOBAL SA	5680938	-
JISL SYSTEMS SA	5688102	-
PRO TOOL AG	676000	-
CASCADE SPECIALTIES INC		-	$27,000
NUCEDAR MILLS INC		-	$778,000
POINT SOURCE IRRIGATION, INC		-	$1,300,000
JAIN AMERICAS, INC		-	$5,752,000
PURESENSE ENVIRONMENTAL, INC		-	$1,982,000
JAIN IRRIGATION, INC		-	$1,300,000
CHAPIN WATERMATICS INC		-	$696,000
JAIN IRRIGATION SYSTEMS, INC		-
ARNOLDS QUICK DRIED FOODS LIMI		-
CASCADE SPECIALTIES INC.		-
DANSYSTEMS S.A		-
EX-CEL PLASTICS LIMITED		-
GROWTHAM GRANITES LTD		-