MIRA INFORM REPORT

Report No. :	339221
Report Date :	28.08.2015

IDENTIFICATION DETAILS

Name :	OXFORD INSTRUMENTS NANOTECHNOLOGY TOOLS LIMITED
Formerly Known As :	OXFORD INSTRUMENTS SUPERCONDUCTIVITY LIMITED
Registered Office :	Tubney Woods, Abingdon, Oxon, Ox13 5qx
Country :	United Kingdom
Financials (as on) :	31.03.2014
Date of Incorporation :	28.09.1961
Com. Reg. No.:	00704320
Legal Form :	Private limited with Share Capital
Line of Business :	· Manufacture of Electronic Measuring, Testing etc. Equipment, not for Industrial Process Control · Manufacture and Sale of Superconducting Manets and Crygemic Systems to Research and Academic Customers Worldwide.
No. of Employees :	488

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, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
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. 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 has been a net importer of energy since 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 6.0% in 2014.

In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.7% and in 2014, 2.6%, accelerating unexpectedly because of greater consumer spending and a recovering housing market.

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).

Source : CIA

Company Name and address

Company Name: OXFORD INSTRUMENTS NANOTECHNOLOGY TOOLS LIMITED

Company No: 00704320

Company Status: Active - Accounts Filed

Registered Address: TUBNEY WOODS ABINGDON OXON OX13 5QX

Company Summary

Registered Address TUBNEY WOODS, ABINGDON, OXON, OX13 5QX

Trading Address Tubney Wood, Abingdon, Oxfordshire, OX13 5QX

Website Address http://www.mymercurysupport.com

Telephone Number 01865393311

Fax Number --

TPS No

FPS No

Incorporation Date 28/09/1961

Previous Name OXFORD INSTRUMENTS SUPERCONDUCTIVITY LIMITED

Type Private limited with Share Capital

FTSE Index -

Date of Change 04/01/2011

Filing Date of Accounts 02/12/2014

Currency GBP

Share Capital £75

SIC07 26511

Charity Number -

SIC07 Description MANUFACTURE OF ELECTRONIC MEASURING, TESTING ETC. EQUIPMENT, NOT FOR INDUSTRIAL PROCESS CONTROL

Principal Activity Manufacture and sale of superconducting manets and crygemic systems to research and academic customers worldwide.

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

31/03/2014 £125,356,000 £14,424,000 £14,777,000 488

31/03/2013 £131,871,000 £37,273,000 £28,275,000 484

31/03/2012 £123,107,000 £18,751,000 £18,489,000 475

Mortgage Summary

Total Mortgage 5

Outstanding 0

Satisfied 5

Trade Debtors/ Bad Debt Summary

Total Number of Documented Trade 0

Total Value of Documented Trade £0

Commentary

This company has been treated as a Large company in respect of the rating/limit generated.

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

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

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

The company has more cash than short term bank borrowings.

This company trades in an industry with a moderate 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	4
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	36

Current Directors

Name	Charles John Arthur Holroyd	Date of Birth	12/01/1956
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	02/04/2015
Address	Tubney Woods, Abingdon, Oxon, OX13 5QX

Name	Thomas Curtis	Date of Birth	20/03/1970
Officers Title	Mr	Nationality	British
Present Appointments	26	Function	Director
Appointment Date	01/07/2015
Address	Tubney Woods, Abingdon, Oxon, OX13 5QX

Name	Kevin James Boyd	Date of Birth	02/09/1964
Officers Title	Mr	Nationality	British
Present Appointments	31	Function	Director
Appointment Date	01/02/2007
Address	Tubney Woods, Abingdon, Oxon, OX13 5QX

Name	Ian Richard Barkshire	Date of Birth	20/11/1965
Officers Title	Dr	Nationality	British
Present Appointments	3	Function	Director
Appointment Date	04/01/2011
Address	Tubney Woods, Abingdon, Oxon, OX13 5QX

Current Company Secretary

Name	Susan Karen Johnson-Brett	Date of Birth	27/12/1961
Officers Title	Ms	Nationality	British
Present Appointments	27	Function	Company Secretary
Appointment Date	15/01/2007
Address	Tubney Woods, Abingdon, Oxon, OX13 5QX

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
OXFORD INSTRUMENTS NANOTECHNOLOGY TOOLS HOLDINGS LTD	GBP	75	ORDINARY	1	100

Financials

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	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
	Turnover	£125,356,000	-4.9%	£131,871,000	7.1%	£123,107,000	140.1%	£51,272,000	114.7%	£23,878,000
	Export	£114,007,000	-7.2%	£122,881,000	5.4%	£116,609,000	146.6%	£47,288,000	125.1%	£21,012,000
	Cost of Sales	£66,696,000	-4.3%	£69,707,000	2.6%	£67,965,000	106.8%	£32,865,000	90.9%	£17,214,000
	Gross Profit	£58,660,000	-5.6%	£62,164,000	12.7%	£55,142,000	199.6%	£18,407,000	176.2%	£6,664,000
	Wages & Salaries	£23,350,000	-1%	£23,593,000	3.3%	£22,845,000	96.9%	£11,600,000	67%	£6,946,000
	Directors Emoluments	£702,000	-44.9%	£1,274,000	14.1%	£1,117,000	124.7%	£497,000	29.4%	£384,000
	Operating Profit	£14,547,000	-24.8%	£19,353,000	2.8%	£18,823,000	196.5%	£6,348,000	614%	-£1,235,000
	Depreciation	£1,764,000	-12%	£2,005,000	-10.7%	£2,245,000	214.9%	£713,000	118%	£327,000
	Audit Fees	£73,000	-	£73,000	1.4%	£72,000	84.6%	£39,000	56%	£25,000
	Interest Payments	£123,000	53.8%	£80,000	1.3%	£79,000	-1.3%	£80,000	70.2%	£47,000
	Pre Tax Profit	£14,424,000	-61.3%	£37,273,000	98.8%	£18,751,000	199.2%	£6,268,000	590.1%	-£1,279,000
	Taxation	-£3,301,000	13.1%	-£3,797,000	19.7%	-£4,729,000	-149.7%	£9,515,000	-	-
	Profit After Tax	£11,123,000	-66.8%	£33,476,000	138.7%	£14,022,000	-11.2%	£15,783,000	999.9%	-£1,279,000
	Dividends Payable	£25,000,000	4.2%	£24,000,000	118.5%	£10,983,000	-	-	-	-
	Retained Profit	-£13,877,000	-246.4%	£9,476,000	211.8%	£3,039,000	-80.7%	£15,783,000	999.9%	-£1,279,000

Balance Sheet

	Date Of Accounts	31/03/14	(%)	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	31/03/10
	Tangible Assets	£30,698,000	-0.9%	£30,966,000	105.2%	£15,094,000	-4.3%	£15,767,000	165.8%	£5,933,000
	Intangible Assets	0	-	0	-	0	-	0	-	0
	Total Fixed Assets	£30,698,000	-0.9%	£30,966,000	105.2%	£15,094,000	-4.3%	£15,767,000	165.8%	£5,933,000
	Stock	£19,309,000	6.4%	£18,143,000	-18.7%	£22,315,000	30.4%	£17,110,000	280.6%	£4,496,000
	Trade Debtors	£18,134,000	20%	£15,116,000	29.9%	£11,640,000	-15%	£13,695,000	468.7%	£2,408,000
	Cash	£10,758,000	-	0	-100%	£10,881,000	-42.7%	£18,981,000	999.9%	£245,000
	Other Debtors	£12,518,000	-10.5%	£13,990,000	-18.6%	£17,197,000	-3.9%	£17,892,000	441.2%	£3,306,000
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£60,719,000	28.5%	£47,249,000	-23.8%	£62,033,000	-8.3%	£67,678,000	547.3%	£10,455,000
	Trade Creditors	£14,899,000	-66.4%	£44,280,000	211.5%	£14,214,000	-11%	£15,978,000	367.2%	£3,420,000
	Bank Loans & Overdrafts	£4,040,000	-	0	-100%	£595,000	-82.9%	£3,487,000	-10%	£3,875,000
	Other Short Term Finance	£37,049,000	-	0	-100%	£24,379,000	-30.2%	£34,932,000	-28.6%	£48,894,000
	Miscellaneous Current Liabilities	£14,865,000	-	0	-100%	£14,753,000	22.6%	£12,033,000	350.8%	£2,669,000
	Total Current Liabilities	£70,853,000	60%	£44,280,000	-17.9%	£53,941,000	-18.8%	£66,430,000	12.9%	£58,858,000
	Bank Loans & Overdrafts and LTL	£9,827,000	73.6%	£5,660,000	7%	£5,292,000	0.6%	£5,258,000	16.1%	£4,528,000
	Other Long Term Finance	0	-	0	-	0	-	0	-	0
	Total Long Term Liabilities	£5,787,000	2.2%	£5,660,000	20.5%	£4,697,000	165.2%	£1,771,000	171.2%	£653,000

.

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	£14,777,000	-47.7%	£28,275,000	52.9%	£18,489,000	21.3%	£15,244,000	135.4%	-£43,123,000
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	-	-	-	-	-	-	-	-	-
	Shareholder Funds	£14,777,000	-47.7%	£28,275,000	52.9%	£18,489,000	21.3%	£15,244,000	135.4%	-£43,123,000

Other Financial Items

	Date Of Accounts	31/03/14	(%)	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	31/03/10
	Net Worth	£14,777,000	-47.7%	£28,275,000	52.9%	£18,489,000	21.3%	£15,244,000	135.4%	-£43,123,000
	Working Capital	-£10,134,000	-441.3%	£2,969,000	-63.3%	£8,092,000	548.4%	£1,248,000	102.6%	-£48,403,000
	Total Assets	£91,417,000	16.9%	£78,215,000	1.4%	£77,127,000	-7.6%	£83,445,000	409.2%	£16,388,000
	Total Liabilities	£76,640,000	53.5%	£49,940,000	-14.8%	£58,638,000	-14%	£68,201,000	14.6%	£59,511,000
	Net Assets	£14,777,000	-47.7%	£28,275,000	52.9%	£18,489,000	21.3%	£15,244,000	135.4%	-£43,123,000

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	-	NO	-	NO	-	NO
	Capital Employed	£20,564,000	-39.4%	£33,935,000	46.4%	£23,186,000	36.3%	£17,015,000	140.1%	-£42,470,000
	Number of Employees	488	0.8%	484	1.9%	475	122%	214	65.9%	129
	Accountants
	Auditors	KPMG LLP
	Auditor Comments	The audit report contains no adverse comments
	Bankers	BARCLAYS BANK PLC
	Bank Branch Code

Ratios

	Date Of Accounts	31/03/14	31/03/13	31/03/12	31/03/11	31/03/10
	Pre-tax profit margin %	11.51	28.26	15.23	12.22	-5.36
	Current ratio	0.86	1.07	1.15	1.02	0.18
	Sales/Net Working Capital	-12.37	44.42	15.21	41.08	-0.49
	Gearing %	66.50	20	28.60	34.50	-10.50
	Equity in %	16.20	36.20	24	18.30	-263.10
	Creditor Days	43.26	122.22	42.02	113.43	52.13
	Debtor Days	52.65	41.72	34.41	97.22	36.70
	Liquidity/Acid Test	0.58	0.65	0.73	0.76	0.10
	Return On Capital Employed %	70.14	109.83	80.87	36.83	3.01
	Return On Total Assets Employed %	15.77	47.65	24.31	7.51	-7.80
	Current Debt Ratio	4.79	1.56	2.91	4.35	-1.36
	Total Debt Ratio	5.18	1.76	3.17	4.47	-1.38
	Stock Turnover Ratio %	15.40	13.75	18.12	33.37	18.82
	Return on Net Assets Employed %	97.61	131.82	101.41	41.11	2.96

Report Notes

There are no notes to display.

Status History

No Status History found

*Event History

Date	Description
14/08/2015	Annual Returns
29/07/2015	New Board Member Mr T. Curtis appointed
07/07/2015	New Board Member Mr M.N. Cuthbert appointed
01/06/2015	Mr M.S. Sefton has left the board
13/04/2015	New Board Member Mr C.J. Holroyd appointed
07/04/2015	New Board Member Mr C.J. Holroyd appointed
13/12/2014	New Accounts Filed
09/08/2014	Annual Returns
11/06/2014	Mr D.S. Ayres has left the board
04/06/2014	New Board Member Mr M.S. Sefton appointed
21/05/2014	Mr D.J. Flint has left the board
21/05/2014	Mr M.D. Bowman has left the board
21/05/2014	B.J. Hutchings has left the board
21/05/2014	Mr S.R. Burns has left the board
12/12/2013	New Accounts Filed

Previous Company Names

Date	Previous Name
04/01/2011	OXFORD INSTRUMENTS SUPERCONDUCTIVITY LIMITED
05/01/2000	OXFORD INSTRUMENTS (UK) LIMITED
01/10/1991	OXFORD INSTRUMENTS LIMITED
31/12/1978	OXFORD INSTRUMENT COMPANY LIMITED (THE)

Writ Details

No writs found

Statistics

Group	36 companies
Linkages	25 companies
Countries	In 5 countries

Summary

Holding Company	OXFORD INSTRUMENTS NANOTECHNOLOGY TOOLS HOLDINGS LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	OXFORD INSTRUMENTS PLC

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
OXFORD INSTRUMENTS PLC	00775598	31.03.2015	Y	£385,500,000
OXFORD INSTRUMENTS SYN...	03145609	31.03.2014	N
OXFORD INSTRUMENTS OVE...	03302442	31.03.2014	N
OXFORD INSTRUMENTS H...	06800561	31.03.2014	N
OXFORD INSTRUMENTS O...	06535207	31.03.2014	N
OXFORD INSTRUMENTS...	08384685	31.03.2014	N
NANOTECHNOLOGY TOOLS L...	00911855	31.03.2014	N
ANNO 11 GMBH	HRB 16765	31.12.2012	N
SCIENTA OMICRON GMBH	HRB 16116	31.03.2014	N	€29,943,379
OMICRON NANOTECHNO...	03204016	31.03.2014	N
OMICRON UHV TECHNI...	04056652	31.12.2014	N	£3,523,684
OXFORD INSTRUMENTS HOL...	N/A	-	-
OXFORD INSTRUMENTS O...	02418844	31.03.2014	N
OXFORD INSTRUMENTS ASY...	N/A	-	-
ASYLUM RESEARCH UK LTD	05573791	31.03.2014	N
OXFORD INSTRUMENTS ANA...	04068000	31.03.2014	N
OXFORD INSTRUMENTS S...	01675071	31.03.2014	N
OXFORD MAGNET TECH...	00566186	31.03.2014	N
OXFORD INSTRUMENTS IND...	04068014	31.03.2014	N
OXFORD INSTRUMENTS I...	01044063	31.03.2014	N	£9,837,000
OXFORD INSTRUMENTS...	01468532	31.03.2014	N
R M G TECHNOLOGY L...	04009340	31.03.2014	N
OXFORD INSTRUMENTS NAN...	04068071	31.03.2014	N
ANDOR TECHNOLOGY LIM...	NI022466	30.09.2013	Y	£54,565,000
OXFORD INSTRUMENTS N...	00704320	31.03.2014	N	£125,356,000
OXFORD INSTRUMENTS...	00602774	31.03.2014	N
OXFORD INSTRUMENTS...	00926398	31.03.2014	N
OXFORD INSTRUMENTS...	01371454	31.03.2014	N
PLASMA TECHNOLOGY...	01572544	31.03.2014	N
OXFORD INSTRUMENTS...	01581072	31.03.2014	N
LINK ANALYTICAL L...	02007207	31.03.2014	N
OXBRIDGE INSTRUME...	02522308	31.03.2014	N
OXFORD INSTRUMENT...	02415956	31.03.2014	N
OXFORD INSTRUMENTS M...	05004981	31.03.2014	N
RESONANCE INSTRUME...	02751186	31.03.2014	N
OXFORD SEMICON LIMITED	00623373	31.03.2014	N

Other Linked Companies

Name	Number	Latest Key Financials	Turnover
OXFORD INSTRUMENTS ANALYTICAL OY	18372152	31.03.2015
OXFORD INSTRUMENTS GMBH	HRB 21599	31.03.2014	€28,231,229
OXFORD INSTRUMENTS ANALYTICAL GMBH	HRB 9820	31.03.2014
WORLDWIDE ANALYTICAL SYSTEMS GESELLSCHAFT FÜR ANALYTISCHE MEßSYSTEME MBH	HRB 1919	31.03.2010
OXFORD INSTRUMENTS ROENTGENANALYTIK GMBH	HRB 25346	31.03.2014
OXFORD INSTRUMENTS HOLDINGS GMBH	HRB 25561	31.03.2014
OXFORD INSTRUMENTS NORDISKA AB	5567492342	31.03.2014	33,803 KSEK
ROENTGENANALYTIK SYSTEME GMBH & CO. KG	HRA 9488	31.03.2014
OMICRON NANOTECHNOLOGY USA		-	$601,000
OMNIPROBE, INC		-	$4,900,000
PHOTONIC INSTRUMENTS, INC		-	$1,040,000
MEDICAL IMAGING RESOURCES, INC		-	$751,000
OXFORD INSTRUMENTS X-RAY TECHNOLOGY INC		-	$14,082,000
PLATINUM MEDICAL IMAGING LLC		-	$190,000
APOGEE IMAGING SYSTEMS, INC		-
OXFORD INSTRUMENTS AUSTIN, INC		-
BITPLANE INC		-
OXFORD INSTRUMENTS SERVICE LLC		-
ANDOR TECHNOLOGY LIMITED		-	$1,000,000
OXFORD SUPERCONDUCTING TECHNOLOGY LP		-	$62,500,000

Mortgage Details

Mortgage Type:	LEGAL MORTGAGE
Date Charge Created:	26/11/07
Date Charge Registered:	05/12/07
Date Charge Satisfied:	13/01/11
Status:	SATISFIED
Person(s) Entitled:	HSBC BANK PLC, (AS AGENT AND SECURITY TRUSTEE FOR ITSELF AND THE OTHER SENIOR CREDITORS)
Amount Secured:
Details:	TUBNEY WOODS INDUSTRIAL ESTATE TUBNEY OXFORDSHIRE T/NO\S ON126769 AND ON222987WITH THE BENEFIT OF ALL RIGHTS LICENCESGUARANTEES RENT DEPOSITS CONTRACTS DEEDS UNDERTAKINGS AND WARRANTIES RELATING TO THE PROPERTY ANY SHARES OR MEMBERSHIP RIGHTS IN ANY MANAGEMENT COMPANY FOR THEPROPERTY ANY GOODWILL OFANY BUSINESS FROM TIME TO TIME CARRIED ON AT THE PROPERTY ANY RENTAL AND OTHER MONEY PAYABLE UNDERANY LEASE LICENCE OR OTHER INTERESTCREATED IN RESPECT OF THE PROPERTY AND ALL OTHER PAYMENTS WHATEVER IN RESPECT OF THE PROPERTY
Mortgage Type:	LEGAL CHARGE OVER PATENTS AND RELATED INTELLECTUAL PROPERTY RIGHTS
Date Charge Created:	26/11/07
Date Charge Registered:	01/12/07
Date Charge Satisfied:	13/01/11
Status:	SATISFIED
Person(s) Entitled:	HSBC BANK PLC (AS AGENT AND SECURITY TRUSTEE FOR ITSELF AND THE OTHER SENIOR CREDITORS)
Amount Secured:
Details:	BY WAY OF FIRST FIXED CHARGE ALL RIGHT TITLE AND INTEREST IN AND TO THE PATENTSAND ALL OTHER RELATEDINTELLECTUAL PROPERTY RIGHTS CHARGED SUBJECT TO AND WITH THE BENEFIT OF CERTAIN EXISTING EXPLOITATION AGREEMENTS

Mortgage Type:	FURTHER GUARANTEE & DEBENTURE
Date Charge Created:	09/11/81
Date Charge Registered:	19/11/81
Date Charge Satisfied:	19/11/81
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ALL THAT PROPERTY UNDERTAKING AND ASSETS CHARGES BY THE PRINCIPAL DEED AND FURTHER DEED
Mortgage Type:	FURTHER GUARANTEE & DEBENTURE
Date Charge Created:	15/04/81
Date Charge Registered:	27/04/81
Date Charge Satisfied:	27/04/81
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ALL THAT PROPERTY UNDERTAKING AND ASSETS CHARGED BY THE PRINCIPAL DEED AND FURTHER DEED

Mortgage Type:	GUARANTEE & DEBENTURE.
Date Charge Created:	08/11/74
Date Charge Registered:	28/11/74
Date Charge Satisfied:	06/10/00
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE LISTED COMPANIES NAMED THEREIN TO THE CHARGEEON ANY ACCOUNT WHATSOEVER
Details:	UNDERTAKING AND GOODWILL ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING UNCALLED CAPITAL. FIXED & FLOATING CHARGE(SEE DOC. 39)

Previous Director/Company Secretaries

Name		Current Directorships	Previous Directorships
Della Louise Gorham		2	27
Michael Stanley Russell		11	13
John Michael Woodgate		0	8
John Arthur Pilcher		0	2
Andrew John MacKintosh		1	30
Deborah Jane Hamilton		0	5
Howard Dunham		0	1
David George Hawksworth		2	3
Kenneth Ernest Bailey		0	5
Alan James Street		3	3
Michael Joseph McEvoy		2	4
Alistair Ingram Chalmers Smith		7	8
David John Fisher		0	1
Nigel Boulding		0	1
Andrew John Matthews		0	3
Nicholas William Kerley		0	2
William Proctor		1	1
Christopher Gerald Russell		1	3
Kevin Nathan Hill		6	5
Kevin Gary Hole		7	2
Steven Minor Parker		0	7
Joanne Louise Young		0	26
David James Pritchard		10	2
James Donald Hutchins		0	3
Stephen McQuillan		2	6
Francis John Trundle		1	4
Matthew Dawson Bowman		0	2
Ian McDougall		0	1
Norman John Bolam		0	1
Beverley Jane Hutchings		2	5
Daniel Stephen Ayres		0	1
David Jonathan Flint		8	4
Stephen Ronald Burns		2	3
Robert Alexander Pike		0	4
Ferdinand Bartels		0	1
Mark Stephen Sefton		0	11
Average Invoice Value	Ł975.72
Invoices available	514
Paid	509
Outstanding	5

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	21	424	60	2	2
Outstanding	1	3	0	0	1

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.06
UK Pound	1	Rs.102.35
Euro	1	Rs.74.97

INFORMATION DETAILS

Analysis Done by :	DIV
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.