MIRA INFORM REPORT

Report No. :	356333
Report Date :	23.12.2015

IDENTIFICATION DETAILS

Name :	SIL HOLDINGS LIMITED
Registered Office :	Ladywell Mills Hall Lane Bradford BD4 7df
Country :	United Kingdom
Financials (as on) :	31.12.2014
Date of Incorporation :	01.10.2001
Com. Reg. No.:	04296467
Legal Form :	Private limited with Share Capital
Line of Business :	· Activities of other holding companies n.e.c. · A gorup is engaged in textile manufacturing and merchanting.
No. of Employee :	191 (2014)

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

SIL HOLDINGS LIMITED

LADYWELL MILLSHALL LANEBRADFORDBD4 7DF

Company No

04296467

Company Status

Active - Accounts Filed

Company Summary

Registered Address LADYWELL MILLS
HALL LANE
BRADFORD
BD4 7DF

Trading Address Ladywell Mills
Hall Lane
Bradford
West Yorkshire
BD4 7DF

Website Address http://www.silholdings.co.uk

Telephone Number 01274726744

Fax Number

TPS No

FPS Yes

Incorporation Date 01/10/2001

Previous Name

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 29/09/2015

Currency GBP

Share Capital £444,900

SIC07 64209

Charity Number -

SIC07 Description ACTIVITIES OF OTHER HOLDING COMPANIES N.E.C.

Principal Activity A gorup is engaged in textile manufacturing and merchanting. Accounts data converted from US Dollar.

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

31/12/2014 £31,882,881 £404,040 £2,144,979 191

31/12/2013 £26,879,176 £532,779 £1,706,700 180

31/12/2012 £26,595,027 £562,278 £1,703,690 176

Mortgage Summary

Total Mortgage 11

Outstanding 7

Satisfied 4

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 relatively 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 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	3
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	4

Current Directors

Title	Mr	Function	Director
Name	Jeremy Charles Seal	Nationality	British
Date of Birth	01/1960	Present Appointments	35
Latest Address	3 Bracken Park, Gilstead, Bingley, West Yorkshire	Appointment Date	01/10/2001
Post Code	BD16 3LG
Title	Mr	Function	Director
Name	Andrew David Seal	Nationality	British
Date of Birth	12/1957	Present Appointments	43
Latest Address	Stonecroft, Gawthorpe Drive, Bingley, West Yorkshire	Appointment Date	01/10/2001
Post Code	BD16 4DJ

Title	Ms	Function	Director
Name	Jayne Stephanie Woodthorpe	Nationality	British
Date of Birth	05/1963	Present Appointments	75
Latest Address	8 Moorlands Road, Outlane, Huddersfield, West Yorkshire	Appointment Date	01/10/2001
Post Code	HD3 3UH

Current Company Secretary

Title	Ms	Function	Company Secretary
Name	Jayne Stephanie Woodthorpe	Nationality	British
Date of Birth	05/1963	Present Appointments	75
Latest Address	8 Moorlands Road, Outlane, Huddersfield, West Yorkshire	Appointment Date	01/10/2001
Post Code	HD3 3UH

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
STONECROFT HOLDINGS PLC	GBP	889,800	ORDINARY	0.5	100

Profit & Loss

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	Y	(%)	Y	(%)	Y	(%)	Y	(%)	Y
	Turnover	£31,882,881	18.6%	£26,879,176	1.1%	£26,595,027	-28.6%	£37,230,541	17%	£31,832,801
	Export	-	-	-	-	-	-	-	-	-
	Cost of Sales	£24,572,523	22.5%	£20,065,619	-5.9%	£21,318,403	-26.8%	£29,120,305	14.2%	£25,490,270
	Gross Profit	£7,310,358	7.3%	£6,813,557	29.1%	£5,276,624	-34.9%	£8,110,236	27.9%	£6,342,532
	Wages & Salaries	£5,496,798	23.9%	£4,437,421	-2.3%	£4,541,569	-0.2%	£4,552,730	16.5%	£3,909,017
	Directors Emoluments	-	-	-	-	-	-	-	-	-
	Operating Profit	£1,042,451	-8.5%	£1,139,004	-26.4%	£1,547,770	-40%	£2,579,708	60.5%	£1,606,908
	Depreciation	£178,253	63.6%	£108,964	19.1%	£91,506	-22.9%	£118,756	13.6%	£104,499
	Audit Fees	£54,136	36.3%	£39,733	-8.3%	£43,345	3.3%	£41,952	6.4%	£39,422
	Interest Payments	£783,654	18.8%	£659,804	-29.1%	£930,709	30.4%	£713,825	3.4%	£690,195
	Pre Tax Profit	£404,040	-24.2%	£532,779	-5.2%	£562,278	-69.6%	£1,848,457	99.6%	£926,100
	Taxation	-£27,728	40.2%	-£46,355	45%	-£84,282	-107.3%	-£40,661	69.1%	-£131,406
	Profit After Tax	£376,312	-22.6%	£486,425	1.8%	£477,997	-73.6%	£1,807,797	127.5%	£794,694
	Dividends Payable	-	-100%	£502,679	59%	£316,056	-80.9%	£1,650,962	163.8%	£625,743
	Retained Profit	£376,312	999.9%	-£16,254	-110%	£161,941	3.3%	£156,835	-7.2%	£168,951

Balance Sheet

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
	Tangible Assets	£1,872,318	58.6%	£1,180,543	37.2%	£860,273	23.3%	£697,689	1.2%	£689,569
	Intangible Assets	£653,595	-14.9%	£768,166	5.4%	£729,035	66.6%	£437,589	-3.9%	£455,541
	Total Fixed Assets	£2,525,913	29.6%	£1,948,709	22.6%	£1,589,308	40%	£1,135,278	-0.9%	£1,145,110
	Stock	£17,320,922	13.9%	£15,203,179	6.3%	£14,303,775	4.1%	£13,738,221	-21.1%	£17,422,564
	Trade Debtors	£5,500,759	-0.2%	£5,510,204	-5.9%	£5,858,768	27.8%	£4,583,710	-15.2%	£5,405,169
	Cash	£601,439	548.7%	£92,710	-58.9%	£225,754	-80.9%	£1,181,102	488%	£200,864
	Other Debtors	£2,104,047	-29.4%	£2,981,759	8.2%	£2,754,801	-37.1%	£4,378,469	-10.6%	£4,895,188
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£25,527,167	7.3%	£23,787,851	2.8%	£23,143,098	-3.1%	£23,881,503	-14.5%	£27,923,784
	Trade Creditors	£2,821,681	-20.9%	£3,566,311	38.2%	£2,579,616	44.1%	£1,790,370	-58.6%	£4,326,388
	Bank Loans & Overdrafts	0	-	0	-100%	£980,675	-65.2%	£2,820,447	999.9%	£205,869
	Other Short Term Finance	£10,681,323	14.9%	£9,295,647	6%	£8,770,092	11%	£7,901,768	-61.5%	£20,509,981
	Miscellaneous Current Liabilities	£11,412,161	10.4%	£10,332,912	2.5%	£10,081,271	0%	£10,078,740	446.4%	£1,844,691
	Total Current Liabilities	£24,915,165	7.4%	£23,194,871	3.5%	£22,411,655	-0.8%	£22,591,326	-16%	£26,886,928
	Bank Loans & Overdrafts and LTL	£992,936	18.9%	£834,989	-47.7%	£1,597,736	-54.1%	£3,481,993	311%	£847,256
	Other Long Term Finance	£992,936	18.9%	£834,989	35.3%	£617,061	-6.7%	£661,546	3.1%	£641,387
	Total Long Term Liabilities	£992,936	18.9%	£834,989	35.3%	£617,061	-6.7%	£661,546	3.1%	£641,387

Capital & Reserves

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
	Called Up Share Capital	£429,128	9.7%	£391,307	-	£391,307	-6.7%	£419,517	3.1%	£406,733
	P & L Account Reserve	£1,715,851	30.4%	£1,315,393	0.2%	£1,312,383	-2.4%	£1,344,391	18.6%	£1,133,846
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	-	-	-	-	-	-	-	-	-
	Shareholder Funds	£2,144,979	25.7%	£1,706,700	0.2%	£1,703,690	-3.4%	£1,763,909	14.5%	£1,540,579

Other Financial Items

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
	Net Worth	£1,491,384	58.9%	£938,535	-3.7%	£974,655	-26.5%	£1,326,320	22.2%	£1,085,038
	Working Capital	£612,002	3.2%	£592,981	-18.9%	£731,443	-43.3%	£1,290,177	24.4%	£1,036,856
	Total Assets	£28,053,080	9%	£25,736,560	4.1%	£24,732,406	-1.1%	£25,016,781	-13.9%	£29,068,894
	Total Liabilities	£25,908,101	7.8%	£24,029,860	4.3%	£23,028,716	-1%	£23,252,872	-15.5%	£27,528,315
	Net Assets	£2,144,979	25.7%	£1,706,700	0.2%	£1,703,690	-3.4%	£1,763,909	14.5%	£1,540,579

Cash Flow

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

Miscellaneous

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
	Contingent Liability	YES	-	YES	-	YES	-	YES	-	YES
	Capital Employed	£3,137,915	23.5%	£2,541,689	9.5%	£2,320,751	-4.3%	£2,425,455	11.2%	£2,181,966
	Number of Employees	191	6.1%	180	2.3%	176	-2.8%	181	5.2%	172
	Accountants
	Auditors	KPMG LLP
	Auditor Comments	The audit report contains no adverse comments
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	31/12/14	31/12/13	31/12/12	31/12/11	31/12/10
	Pre-tax profit margin %	1.27	1.98	2.11	4.96	2.91
	Current ratio	1.02	1.03	1.03	1.06	1.04
	Sales/Net Working Capital	52.10	45.33	36.36	28.86	30.70
	Gearing %	46.30	48.90	93.80	197.40	55
	Equity in %	7.80	6.80	7.10	7.20	5.40
	Creditor Days	32.21	48.29	35.30	17.50	49.47
	Debtor Days	62.80	74.61	80.18	44.81	61.80
	Liquidity/Acid Test	0.32	0.37	0.39	0.44	0.39
	Return On Capital Employed %	12.87	20.96	24.22	76.21	42.44
	Return On Total Assets Employed %	1.44	2.07	2.27	7.38	3.18
	Current Debt Ratio	11.61	13.59	13.15	12.80	17.45
	Total Debt Ratio	12.07	14.07	13.51	13.18	17.86
	Stock Turnover Ratio %	54.32	56.56	53.78	36.90	54.73
	Return on Net Assets Employed %	18.83	31.21	33	104.79	60.11

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
13/10/2015	New Accounts Filed
07/10/2015	Annual Returns
11/10/2014	Annual Returns
21/04/2014	New Accounts Filed
21/04/2014	New Accounts Filed
05/10/2013	Annual Returns
06/05/2013	New Accounts Filed
06/05/2013	New Accounts Filed
05/10/2012	Annual Returns
24/04/2012	New Accounts Filed
24/04/2012	New Accounts Filed
14/03/2012	Mr R. Seal has left the board
07/10/2011	Annual Returns
15/04/2011	New Accounts Filed
15/04/2011	New Accounts Filed

Previous Company Names

No Previous Names found

Writ Details

No writs found

Statistics

Group	37 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	STONECROFT HOLDINGS PLC
Ownership Status	Wholly Owned
Ultimate Holding Company	STONECROFT HOLDINGS PLC

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
STONECROFT HOLDINGS PLC	04256565	31.12.2014	Y	£31,757,086
EUROTEX PROPERTIES LIM...	04256674	31.12.2014	N	£289,981
SIL HOLDINGS LIMITED	04296467	31.12.2014	Y	£31,882,881
GEORGE ACKROYD (2001...	04146190	31.12.2014	N
MFL DEHAIRING COMPAN...	04256668	31.12.2014	N
CASHMERE COMBING COM...	05025502	31.12.2014	N
WILLIAM HALSTEAD INT...	06370290	31.12.2014	N
MOHAIR SPINNERS (UK)...	06379759	31.12.2014	N
FANTASY FIBRES LIMITED	06514976	31.12.2014	N
JOSEPH DAWSON (CASHM...	07422700	31.12.2014	N
JOSEPH DAWSON (INTER...	07424383	31.12.2014	N
ALAN GEE TRANSPORT S...	07625216	31.12.2014	N
JEROME FABRICS LIMITED	08698549	30.09.2014	N
ANIMAL FIBRES (EUROP...	01196323	31.12.2014	N
M.B. APPLETON LIMITED	01291648	31.12.2014	N
CAPE MOHAIR TOPMAKER...	04316727	31.12.2014	N
CAPE WOOLS INTERNATI...	04256562	31.12.2014	N
CASHMOLANE LTD	01222974	31.12.2014	N
JOSHUA ELLIS AND COM...	00067442	31.12.2014	N	£4,299,517
FIBRE SUPERIORE LIMITED	05059882	31.12.2014	N
JAMES WINDSOR LIMITED	03067647	31.12.2014	N
LUXURY CONTRACT FURN...	06446293	31.12.2014	N	£522,145
LUXURY FABRICS LIMITED	00397155	31.12.2014	N	£6,444,972
S SELKA LIMITED	08393488	28.02.2015	N
LUXURY FIBRES LIMITED	06443553	31.12.2014	N	£20,393,874
LUXURY YARNS INTERNA...	06650716	31.12.2014	N	£1,788,612
MR MOHAIR LIMITED	01727078	31.12.2014	N
ORANJERIVIER LIMITED	04349898	31.12.2014	N
S.C. YARNS LIMITED	04256667	31.12.2014	N
SEAL INTERNATIONAL L...	01042123	31.12.2014	N
SEAL SOUTH AFRICA LI...	01008523	31.12.2014	N
STANLEY MILLS WEAVER...	06943511	31.12.2014	N	£5,154,425
WILLIAM HALSTEAD LIM...	07216923	31.12.2014	N
CHARLES CLAYTON FA...	07183825	31.12.2014	N
JOHN FOSTER (1819)...	06847678	31.12.2014	N
YARNS INTERNATIONAL LTD	01039850	31.12.2014	N
TEXMACH (UK) LIMITED	04256671	31.12.2014	N	£195,802

Mortgage Details

Mortgage Type:
Date Charge Created:	04/07/14
Date Charge Registered:	11/07/14
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	PNC BUSINESS CREDIT A TRADING STYLE OF PNC FINANCIAL SERVICES UK LTD;
Amount Secured:
Details:	CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.
Mortgage Type:	FIRST PARTY CHARGE OVER CREDIT BALANCES
Date Charge Created:	08/06/12
Date Charge Registered:	14/06/12
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BANK LEUMI (UK) PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	FIRST FIXED CHARGE ALL MONIES FROM TIMETO TIME HELD TO THE CREDIT OF THE MORTGAGOR BY THE BANK ON ANY CURRENT DEPOSIT OR OTHER ACCOUNT OR ACCOUNTS OR UNDER ANY DEPOSIT RECEIPT

Mortgage Type:	COMPOSITE GUARANTEE AND DEBENTURE
Date Charge Created:	11/05/12
Date Charge Registered:	17/05/12
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	PNC BUSINESS CREDIT A TRADING STYLE OF PNC FINANCIAL SERVICES UK LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM ANY MEMBER OF THE GROUP TO THE CHARGEE ONANY 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:	COMPOSITE GUARANTEE AND DEBENTURE
Date Charge Created:	22/02/12
Date Charge Registered:	24/02/12
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	PNC BUSINESS CREDIT A TRADING STYLE OF PNC FINANCIAL SERVICES UK LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM ANY MEMBER OF THE GROUP TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATINGOR EVIDENCING THE CHARGE
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:	DEED OF CHARGE OVER CREDIT BALANCES
Date Charge Created:	30/11/11
Date Charge Registered:	07/12/11
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	THE CHARGE CREATES A FIXED CHARGE OVER ALL THE DEPOSIT(S) REFERRED TO IN THE SCHEDULE TO THE FORM MG01 (INCLUDING ALL OR ANY PART OF THE MONEY PAYABLE PURSUANTTO SUCH DEPOSIT(S) & THE DEBTS REPRESENTED THEREBY) TOGETHER WITH ALL INTEREST FROM TIME TO TIME ACCRUING THEREON. IT ALSO CREATES AN ASSIGNMENT BY THE CHARGORFOR THE PURPOSES OF & TO GIVE EFFECT TOTHE SECURITY OVER THE RIGHT OF THE CHARGORTO REQUIRE REPAYMENT OF SUCH DEPOSIT(S) & INTEREST THEREON BARCLAYS BANK PLCRE SIL HOLDINGS LIMITEDACCOUNT NUMBER 03871436 SEE IMAGE FOR FULL DETAILS
Mortgage Type:	SECURITY OVER CASH DEPOSITS
Date Charge Created:	30/11/11
Date Charge Registered:	07/12/11
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ALL AMOUNTS CREDITED TO THE ACCOUNTS NUMBERED 04459202 AND 71723699 INCLUDING INTEREST AND OTHER BENEFITS SEE IMAGE FORFULL DETAILS

Mortgage Type:	COMPOSITE GUARANTEE AND DEBENTURE
Date Charge Created:	30/11/11
Date Charge Registered:	02/12/11
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	PNC BUSINESS CREDIT A TRADING STYLE OF PNC FINANCIAL SERVICES UK LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM ANY MEMBER OF THE GROUP TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATINGOR EVIDENCING THE CHARGE
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:	INTELLECTUAL PROPERTY CHARGE
Date Charge Created:	03/08/11
Date Charge Registered:	09/08/11
Date Charge Satisfied:	03/12/11
Status:	SATISFIED
Person(s) Entitled:	HSBC BANK PLC
Amount Secured:
Details:	FIRST FIXED CHARGE THE SPECIFIED INTELLECTUAL PROPERTY AND ALL OTHER INTELLECTUAL PROPERTY SEE IMAGEFOR FULL DE

Mortgage Type:	DEBENTURE
Date Charge Created:	15/06/05
Date Charge Registered:	23/06/05
Date Charge Satisfied:	03/12/11
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
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:	DEED OF AMENDMENT SUPPLEMENTAL TO THE COMPOSITE GUARANTEE AND DEBENTURE DATED 28 JUNE 1996
Date Charge Created:	13/05/04
Date Charge Registered:	26/05/04
Date Charge Satisfied:	03/12/11
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC (SECURITY TRUSTEE)
Amount Secured:
Details:	WITH EFFECT FROM THE EFFECTIVE DATE THEORIGINAL DEBENTURE SHALL BE READ AND CONSTRUED FOR ALL PURPOSES AS AMENDED BY THE FOLLOWING 1.1 AT CLAUSE 4.2.2 THE REFERENCE TO 4,500,000 SHALL BE DEEMED TO BEDELETED AND REPLACED BY A REFERENCE TO8,000,000, 1.2 THE EXISTING CLAUSE 4.2.4(C) SHALL BE DEEMED TOBE DELETED AND REPLACED BY 4.2.4(C) 75% OF STOCK AND LETTERS OF CREDITSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	DEED OF ACCESSION
Date Charge Created:	12/09/02
Date Charge Registered:	27/09/02
Date Charge Satisfied:	03/12/11
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:
Details:	F/H AND L/H PROPERTY SITUATE AT LADYWELL MILLS, HALL LANE, BRADFORD, BD4 7DF T/NOS WYK110045, WYK117032 AND WYK112896FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENTAND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERYSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Previous Director/Company Secretaries

Name	Current Directorships		Previous Directorships
Raymond Seal	1		9
Timothy Jeffrey Richard Appleton	16		9
YORK PLACE COMPANY NOMINEES LIMITED	734		31910
YORK PLACE COMPANY SECRETARIES LIMITED	830		31482
Average Invoice Value		£2145.88
Invoices available		65
Paid		65
Outstanding		0

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	17	20	15	7	6
Outstanding	0	0	0	0	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.30
UK Pound	1	Rs.98.71
Euro	1	Rs.72.33
GBP	1	Rs.98.14

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	KIN
Report Prepared by :	TRU

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.