MIRA INFORM REPORT

Report No. :	331855
Report Date :	14.07.2015

IDENTIFICATION DETAILS

Name :	PRITT & CO.,LIMITED
Registered Office :	23 Pembridge Square London W2 4dr
Country :	United Kingdom
Financials (as on) :	31.12.2014
Date of Incorporation :	13.12.1950
Com. Reg. No.:	00489382
Legal Form :	Private limited with Share Capital
Line of Business :	Subject is engaged in non-specialised wholesale trade
No. of Employee :	12 (2014)

RATING & COMMENTS

MIRA’s Rating :

B

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

Status :	Moderate
Payment Behaviour :	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 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

PRITT & CO.,LIMITED

Company No

00489382

Registered Address

23 PEMBRIDGE SQUARE LONDON W2 4DR

Company Summary

Registered Address

23 PEMBRIDGE SQUARE
LONDON
W2 4DR

Trading Address

23 Pembridge Square
London
W2 4DR

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

Telephone Number 02072210909

Fax Number

TPS Yes

FPS No

Incorporation Date 13/12/1950

Previous Name

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 30/06/2015

Currency GBP

Share Capital £10,628,602

SIC07 46900

Charity Number -

SIC07 Description NON-SPECIALISED WHOLESALE TRADE

Principal Activity A group engaged in property letting, holding of investments and general trading.

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

31/12/2014 £9,877,475 £59,305 £5,554,045 12

31/12/2013 £13,454,275 £94,146 £4,045,806 12

31/12/2012 £11,320,031 £141,822 £4,023,623 8

Mortgage Summary

Total Mortgage 41

Outstanding 0

Satisfied 41

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 Medium company in respect of the rating/limit generated.

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

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 bank loans and overdrafts (less cash) account for a moderate 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 -	-

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Total Current Directors	2
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	8

Current Directors

Name	Edward Quinn	Date of Birth	15/06/1945
Officers Title	Mr	Nationality	British
Present Appointments	9	Function	Director
Appointment Date	03/03/2008
Address	10 Friars Way, Airdrie, Lanarkshire, ML6 9QU
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Burzin Daruwala Cavas	Date of Birth	27/11/1963
Officers Title		Nationality	British
Present Appointments	4	Function	Director
Appointment Date	25/02/2014
Address	43 Thurlston Avenue, Solihull, West Midlands, B92 7NZ
Disqualified		Disqualified End Date
Disqualification Exception	No

Current Company Secretary

Name	WM BROWN (REGISTRARS) LIMITED	Date of Birth	-
Officers Title		Nationality	British
Present Appointments	58	Function	Company Secretary
Appointment Date	11/07/1991
Address	49 Queens Gardens, London, W2 3AA
Other Actions		View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
INTERMIN SA	GBP	10,628,600	ORDINARY	1	100
WM BROWN (REGISTRARS) LTD	GBP	2	ORDINARY	1	0

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	£9,877,475	-26.6%	£13,454,275	18.9%	£11,320,031	-10.2%	£12,611,536	40.2%	£8,994,205
Export	-	-	-	-	-	-	£12,611,536	-	-
Cost of Sales	£9,326,817	-26.7%	£12,727,629	19.1%	£10,682,122	-9.9%	£11,855,666	45.9%	£8,127,056
Gross Profit	£550,658	-24.2%	£726,646	13.9%	£637,909	-15.6%	£755,870	-12.8%	£867,149
Wages & Salaries	£404,790	-13.2%	£466,173	15.5%	£403,665	-8.6%	£441,719	2%	£433,113
Directors Emoluments	£141,066	-5.1%	£148,662	-11.9%	£168,704	-7.8%	£182,978	-5.5%	£193,644
Operating Profit	£90,695	-34.2%	£137,874	-28.6%	£193,052	61.5%	£119,525	-12.8%	£137,134
Depreciation	£35,483	-38.8%	£58,020	296.2%	£14,645	-81.5%	£79,366	4%	£76,314
Audit Fees	£24,180	-0.6%	£24,323	3.9%	£23,418	-3.4%	£24,240	-14.9%	£28,477
Interest Payments	£31,479	-29.9%	£44,896	-15.1%	£52,909	-8.2%	£57,639	49.7%	£38,514
Pre Tax Profit	£59,305	-37%	£94,146	-33.6%	£141,822	62%	£87,537	-22.1%	£112,375
Taxation	-£36,124	14.4%	-£42,204	-52.2%	-£27,730	-5%	-£26,412	48.2%	-£50,952
Profit After Tax	£23,181	-55.4%	£51,942	-54.5%	£114,092	86.7%	£61,125	-0.5%	£61,423
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	£23,181	-55.4%	£51,942	-54.5%	£114,092	86.7%	£61,125	-0.5%	£61,423

Balance Sheet

Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
Tangible Assets	£6,630,207	27.5%	£5,199,498	-1.5%	£5,280,665	-1.8%	£5,377,091	1%	£5,322,334
Intangible Assets	0	-	0	-	0	-	0	-	0
Total Fixed Assets	£6,630,207	27.5%	£5,199,498	-1.5%	£5,280,665	-1.8%	£5,377,091	1%	£5,322,334
Stock	0	-	0	-	0	-	0	-	0
Trade Debtors	£1,196,173	-21.9%	£1,532,268	-11.9%	£1,739,521	-15.6%	£2,061,988	113.7%	£965,011
Cash	£339,885	-0.8%	£342,505	-18.8%	£421,823	-52.3%	£883,428	35.8%	£650,747
Other Debtors	£289,709	33.4%	£217,200	201.1%	£72,147	20.8%	£59,707	17.6%	£50,789
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	£1,825,767	-12.7%	£2,091,973	-6.3%	£2,233,491	-25.7%	£3,005,123	80.3%	£1,666,547
Trade Creditors	£600,788	-37.2%	£956,290	5.1%	£910,144	-59.7%	£2,260,984	74.9%	£1,292,539
Bank Loans & Overdrafts	£840,558	3.7%	£810,858	-22.4%	£1,044,890	191.1%	£358,990	195.7%	£121,396
Other Short Term Finance	£238,258	47.3%	£161,739	-	0	-	0	-	0
Miscellaneous Current Liabilities	£375,000	1.4%	£369,842	-24.7%	£490,988	-18%	£598,636	15.2%	£519,782
Total Current Liabilities	£2,054,604	-10.6%	£2,298,729	-6%	£2,446,022	-24%	£3,218,610	66.4%	£1,933,717
Bank Loans & Overdrafts and LTL	£1,687,883	-4%	£1,757,794	-15.9%	£2,089,401	37.1%	£1,524,017	11.1%	£1,372,292
Other Long Term Finance	£52,790	-	£52,790	-	£52,790	-	£52,790	138.7%	£22,115
Total Long Term Liabilities	£847,325	-10.5%	£946,936	-9.3%	£1,044,511	-10.3%	£1,165,027	-6.9%	£1,250,896

.

Capital & Reserves

Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
Called Up Share Capital	£10,628,602	-	£10,628,602	-	£10,628,602	-	£10,628,602	-	£10,628,602
P & L Account Reserve	-£8,913,565	0.6%	-£8,964,650	0.3%	-£8,988,688	0.3%	-£9,019,291	0.8%	-£9,090,839
Revaluation Reserve	£3,731,854	56.7%	£2,381,854	-0.1%	£2,383,709	-0.2%	£2,389,266	5.4%	£2,266,505
Sundry Reserves	£107,154	-	-	-	-	-	-	-	-
Shareholder Funds	£5,554,045	37.3%	£4,045,806	0.6%	£4,023,623	0.6%	£3,998,577	5.1%	£3,804,268

Other Financial Items

Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
Net Worth	£5,554,045	37.3%	£4,045,806	0.6%	£4,023,623	0.6%	£3,998,577	5.1%	£3,804,268
Working Capital	-£228,837	-10.7%	-£206,756	2.7%	-£212,531	0.4%	-£213,487	20.1%	-£267,170
Total Assets	£8,455,974	16%	£7,291,471	-3%	£7,514,156	-10.4%	£8,382,214	19.9%	£6,988,881
Total Liabilities	£2,901,929	-10.6%	£3,245,665	-7%	£3,490,533	-20.4%	£4,383,637	37.7%	£3,184,613
Net Assets	£5,554,045	37.3%	£4,045,806	0.6%	£4,023,623	0.6%	£3,998,577	5.1%	£3,804,268

Cash Flow

Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
Net Cashflow from Operations	£48,469	-85.8%	£341,467	135.1%	-£973,909	-938.1%	£116,199	215.3%	-£100,800
Net Cashflow before Financing	-£27,320	-110.9%	£250,289	123.8%	-£1,051,989	-999.9%	£55,956	135%	-£160,081
Net Cashflow from Financing	-£5,000	94.8%	-£95,575	-0.1%	-£95,516	-49.9%	-£63,706	-260.9%	£39,594
Increase in Cash	-£32,320	-120.9%	£154,714	113.5%	-£1,147,505	-999.9%	-£7,750	93.6%	-£120,487

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	£6,401,370	28.2%	£4,992,742	-1.5%	£5,068,134	-1.8%	£5,163,604	2.1%	£5,055,164
Number of Employees	12	-	12	50%	8	-	8	-	8
Accountants
Auditors	ANSTEY BOND 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 %	0.60	0.70	1.25	0.69	1.25
Current ratio	0.89	0.91	0.91	0.93	0.86
Sales/Net Working Capital	-43.16	-65.07	-53.26	-59.07	-33.66
Gearing %	30.40	43.40	51.90	38.10	36.10
Equity in %	65.70	55.50	53.50	47.70	54.40
Creditor Days	22.13	25.87	29.26	65.25	52.30
Debtor Days	44.08	41.45	55.93	59.51	39.05
Liquidity/Acid Test	0.88	0.91	0.91	0.93	0.86
Return On Capital Employed %	0.92	1.88	2.79	1.69	2.22
Return On Total Assets Employed %	0.70	1.29	1.88	1.04	1.60
Current Debt Ratio	0.36	0.56	0.60	0.80	0.50
Total Debt Ratio	0.52	0.80	0.86	1.09	0.83
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	1.06	2.32	3.52	2.18	2.95

Previous Company Names

No Previous Names found

Writ Details

No writs found

Statistics

Group	4 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status	Wholly Owned
Ultimate Holding Company	INTERMIN SA

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
INTERMIN SA	N/A	-	-
PRITT & CO.,LIMITED	00489382	31.12.2014	Y	£9,877,475
PRITT COMMODITIES LI...	03707733	31.12.2014	N
PREMBRO LIMITED	00490664	31.12.2014	N	£152,000

Statistics

Group	4 companies
Linkages	0 companies
Countries	In 0 countries

Mortgage Details

Mortgage Type:	GENERAL LETTER OF PLEDGE AND CHARGE
Date Charge Created:	30/01/03
Date Charge Registered:	01/02/03
Date Charge Satisfied:	24/12/10
Status:	SATISFIED
Person(s) Entitled:	BANGKOK BANK PUBLIC COMPANY LIMITED
Amount Secured:
Details:	SUCH BILLS OF LADING AND OTHER DOCUMENTS OF TITLE TO GOODSSEE THE MORTGAGE CHARGE DOCUMENT FOR FULLDETAILS
Mortgage Type:	LETTER OF HYPOTHERCATION AND LIEN
Date Charge Created:	10/05/00
Date Charge Registered:	18/05/00
Date Charge Satisfied:	20/07/01
Status:	SATISFIED
Person(s) Entitled:	PT BANK NEGARA INDONESIA (PERSERO) TBK, LONDON BRANCH
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	THE BILLS OF EXCHANGE DRAWN, AND THE BILLS OF LADING, SHIPPING DOCUMENTS WARRANTS DELIVERY ORDERS WHARFINGER OR OTHER WAREHOUSE KEEPERS\ WARRANTS OR RECEIPTS AND/OR OTHER DOCUMENT REPRESENTING OR RELATIN GOT PRODUCE OR GOODS AND ALL PRODUCE AND GOODS

Mortgage Type:	ASSIGNMENT AND CHARGE
Date Charge Created:	07/04/00
Date Charge Registered:	14/04/00
Date Charge Satisfied:	01/08/02
Status:	SATISFIED
Person(s) Entitled:	ERSTE BANK DER OESTERRECHISCHEN SPARKASSEN AG
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ALL RIGHTS TITLE AND INTEREST IN AND THE FULL BENEFIT OF ALL THOSE BOOK DEBTS OR RECIVABLES OR AMOUNTS DUE OR OWING TO THE BORROWER UNDER CONTRACTS LETTERS OF CREDIT AND THE BENEFIT OF ALL RIGHTS TITLE AND INTEREST OF THE BORROWER RELATINGTHERETO PLEASE REFER TO FORM 395 FOR FULL DETAILS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	MEMORANDUM OF PLEDGE
Date Charge Created:	07/04/00
Date Charge Registered:	14/04/00
Date Charge Satisfied:	01/08/02
Status:	SATISFIED
Person(s) Entitled:	ERSTE BANK DER OESTERRECHISCHEN SPARKASSEN AG
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ALL NEGOTIABLE INSTRUMENTS BILLS OF LADING WARRANTS DELIVERY ORDERS WHARFINGERSOR OTHER WAREHOUSE KEEPER\S CERTIFICATEOF RECEIPTS ALL DOCUMENTS OF TITLE WHATSOEVER AND THE PRODUCE AND GOODS TO WHICH ALL OF THE FOREGOING DOCUMENTS RELATE PLEASE REFER TO FORM 395 FOR FULL DETAILS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	TRADE FINANCE AGREEMENT
Date Charge Created:	04/04/00
Date Charge Registered:	06/04/00
Date Charge Satisfied:	30/03/05
Status:	SATISFIED
Person(s) Entitled:	BANQUE NATIONALE DE PARIS LONDON BRANCH
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
Details:	ALL RIGHT TITLE AND INTEREST IN ALL AGREEMENTS AND ANY OTHER INTEREST IN FINANCE GOODS ALL GUARANTEES AND INSURANCES. ANY PROPERTY BELONGING TO THE COMPANY IN THE FUTURE SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	FIXED CHARGE ON PURCHASED DEBTS WHICH FAIL TO VEST
Date Charge Created:	21/03/00
Date Charge Registered:	24/03/00
Date Charge Satisfied:	30/03/05
Status:	SATISFIED
Person(s) Entitled:	HSBC INVOICE FINANCE (UK) LTD
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER AN AGREEMENT FOR THE PURCHASEOF DEBTS
Details:	BY WAY OF FIXED EQUITABLE CHARGE ALL DEBTS PURCHASED OR PURPORTED TO BE PURCHASED BY THE SECURITY HOLDER PURSUANT TO THE AGREEMENT (INCLUDING THE ASSOCIATED RIGHTS AS DEFINED IN THE AGREEMENT) WHICH FAIL TO VEST EFFECTIVELY OF ABSOLUTELY IN THE SECURITY HOLDER FOR ANY REASON SEE THE MORTGAGE CHARGEDOCUMENT FOR FULL DETAILS

Mortgage Type:	CHARGE OVER CASH DEPOSITS
Date Charge Created:	02/02/00
Date Charge Registered:	07/02/00
Date Charge Satisfied:	30/03/05
Status:	SATISFIED
Person(s) Entitled:	BANQUE NATIONALE DE PARIS LONDON BRANCH
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER (INCLUDINGUNDER THE DEED)
Details:	BY WAY OF FIRST FIXED CHARGE THE DEPOSIT (OR,IF NO ACCOUNTS ARE SPECIFIED IN PART III OF THE SCHEDULE TO THE DEED,THE DEPOSITOR CHARGES THE BALANCE STANDING TOTHE CREDIT OF ANY AND ALL ACCOUNTS HELDBYTHE DEPOSITOR WITH THE BANK,OTHER THAN ANY CURRENT ACCOUNT) IN FAVOUR OF THEBANK. SEE THE MORTGAGECHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	TRADE FINANCE AGREEMENT
Date Charge Created:	27/03/98
Date Charge Registered:	09/04/98
Date Charge Satisfied:	30/03/05
Status:	SATISFIED
Person(s) Entitled:	BANQUE NATIONALE DE PARIS P.L.C.
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ALL THE RIGHT, TITLE AND INTEREST OF THE COMPANY IN AND TO:- ALL AGREEMENTS PRESENT AND FUTURE SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	GENERAL LETTER OF PLEDGE AND CHARGE
Date Charge Created:	05/03/98
Date Charge Registered:	12/03/98
Date Charge Satisfied:	30/03/05
Status:	SATISFIED
Person(s) Entitled:	DALLAH ALBARAKA INVESTMENT COMPANY LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF THE CHARGE
Details:	ALL GOODS BILLS OF LADING DOCK AND WAREHOUSE WARRANTS OTHER DOCUMENTS OF TITLE TO OR RELATING TO GOODS AND POLICIES OF INSURANCE WHICH SHALL FROM TIME TO TIME BE DEPOSITED BY THE COMPANY WITH THE CHARGEE ALL PROPERTY AND OTHER RIGHTS PROCEEDS OF SALE THEREOF ALL INSWURANCES AND ALL OTHER LIABILITIESSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	LETTER OF HYPOTHECATION AND LIEN
Date Charge Created:	02/05/96
Date Charge Registered:	15/05/96
Date Charge Satisfied:	20/07/01
Status:	SATISFIED
Person(s) Entitled:	PT BANK NEGARA INDONESIA (PERSERO)
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	BILLS OF EXCHANGE DRAWN, ACCEPTED OR ENDORSED BY THE COMPANY AND/OR BILLS OF LADING SHIPPING DOCUMENTS WARRANTS DELIVERY ORDERS ETC (THE "DOCUMENTS") SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	GENERAL LETTER OF PLEDGE AND CHARGE
Date Charge Created:	25/07/95
Date Charge Registered:	04/08/95
Date Charge Satisfied:	30/03/05
Status:	SATISFIED
Person(s) Entitled:	AL BARAKA INVESTMENT COMPANY LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE AND ALL OTHER LIABILITIES THAT MAYBE INCURRED BY THE CHARGEE ON ACCOUNT OR BEHALF OF THE COMPANY
Details:	ALL GOODS BILLS OF LADING DOCK AND WAREHOUSE WARRANTS OTHER DOCUMENTS OF TITLE TO OR RELATING TO GOODS AND POLICIES OF INSURANCE AND SECURITIES WHICH SHALL FROM TIME TO TIME BE DEPOSITED BY THE COMPANY WITH THE CHARGEE SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	ASSIGNMENT AND CHARGE
Date Charge Created:	21/09/94
Date Charge Registered:	30/09/94
Date Charge Satisfied:	30/03/05
Status:	SATISFIED
Person(s) Entitled:	BANK OF AUSTRIA AG
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER AND ALL OTHER MONIES DUE PURSUANT TO THE ASSIGNMENT AND CHARGE (AS DEFINED)
Details:	ALL RIGHT TITLE INTEREST AND BENEFIT INAND TO THE CHARGED ACCOUNT SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	MEMORANDUM OF CHARGE OVER CREDIT BALANCE
Date Charge Created:	15/09/94
Date Charge Registered:	24/09/94
Date Charge Satisfied:	30/03/05
Status:	SATISFIED
Person(s) Entitled:	CREDIT SUISSE
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ALL CASH SUMS STANDING TO THE CREDIT OFANY OF THE MORTGAGORS ACCOUNTS WITH THEBANK
Mortgage Type:	MEMORANDUM OF DEPOSIT
Date Charge Created:	20/04/94
Date Charge Registered:	22/04/94
Date Charge Satisfied:	10/11/94
Status:	SATISFIED
Person(s) Entitled:	BIC INTERNATIONAL CREDIT PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ALL GOODS, BILLS OF LADING, WARRANTS, TRANSPORT DOCUMENTS AND OTHER DOCUMENTS OF TITLE TO GOODS AND/OR OTHER PROPERTY; ALL PROCEEDS OF THE SALE OR OTHER DISPOSITION OF THE GOODS AS DELIVERED TO OR INTHE POSSESSION OF THE CHARGEE

Mortgage Type:	GENERAL LETTER OF PLEDGE AND CHARGE
Date Charge Created:	06/08/93
Date Charge Registered:	18/08/93
Date Charge Satisfied:	23/01/98
Status:	SATISFIED
Person(s) Entitled:	BANGKOK BANK PUBLIC COMPANY LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	SUCH BILLS OF LADING AND OTHER DOCUMENTS OF TITLE TO GOODS AS ARE FROM TIME TO TIME DEPOSITED WITH THE CHARGEE OR ITS AGENTS OR REPRESENTATIVES SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	LEGAL CHARGE
Date Charge Created:	14/07/93
Date Charge Registered:	23/07/93
Date Charge Satisfied:	30/03/05
Status:	SATISFIED
Person(s) Entitled:	CITIBANK, N.A.
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THETERMS OF THE FINANCE DOCUMENTS (AS DEFINED THEREIN)
Details:	F/H PROPERTY K/A 23 PEMBRIDGE SQUARE, LONDON T/NO. 228625 AND ALL FIXTURES THEREON. A FIXED CHARGE OVER ALL PLANT AND MACHINERY ON THE PROPERTY. THE BENEFIT OFALL AGREEMENTS RENTAL INCOME AND PROCEEDSOF SALE AND ALL RIGHTS AND CLAIMS ETC. SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	14/07/93
Date Charge Registered:	15/07/93
Date Charge Satisfied:	20/08/96
Status:	SATISFIED
Person(s) Entitled:	MENDISCO LIMITED
Amount Secured:	£350,000 AND ALL OTHER MONIES DUE FROM THE COMPANY TO THE CHARGEE
Details:	23 PEMBRIDGE SQUARE, LONDON W2
Mortgage Type:	DEED OF FURTHER CHARGE
Date Charge Created:	10/01/92
Date Charge Registered:	06/08/92
Date Charge Satisfied:	21/11/07
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:	L/H FLAT 28,100 LANCASTER GATE LONDON W2

Mortgage Type:	LETTER OF HYPOTHECATION
Date Charge Created:	20/07/92
Date Charge Registered:	29/07/92
Date Charge Satisfied:	10/11/94
Status:	SATISFIED
Person(s) Entitled:	CANARA BANK
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ALL BILLS OF EXCHANGE, DOCUMENTS, POLICIES OF INSURANCE AND OTHER DOCUMENTS SEEFORM 395 FOR DETAILS
Mortgage Type:	LETTER OF LIEN
Date Charge Created:	20/07/92
Date Charge Registered:	29/07/92
Date Charge Satisfied:	10/11/94
Status:	SATISFIED
Person(s) Entitled:	CANARA BANK
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ANY MONIES STANDING TO THE CREDIT OF THE COMPANY WITH THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	06/07/92
Date Charge Registered:	09/07/92
Date Charge Satisfied:	30/03/05
Status:	SATISFIED
Person(s) Entitled:	THE ROYAL BANK OF SCOTLAND PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	F/H PROPERTY K/A 7 LANARK CLOSE, LONDONW5 T/NO.NGL 159316SEE FORM 395 FOR DETAILS
Mortgage Type:	GENERAL LETTER OF HYPOTHECATION
Date Charge Created:	30/03/92
Date Charge Registered:	09/04/92
Date Charge Satisfied:	10/11/94
Status:	SATISFIED
Person(s) Entitled:	ALBARAKA INTERNATIONAL BANK LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF THE CHARGE
Details:	ALL GOODS BILLS OF LADING DOCK AND WHAREHOUSE WARRANTS OTHER DOCUMENTS OF TITLETO OR RELATING TO GOODS AND POLICIES OFINSURANCE SEE FORM 395 FOR FURTHER DETAILS

Mortgage Type:	SECURITY AGREEMENT
Date Charge Created:	04/10/91
Date Charge Registered:	12/10/91
Date Charge Satisfied:	10/11/94
Status:	SATISFIED
Person(s) Entitled:	BSI-BANCA DELLA SVIZZERA ITALIANA
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	CERTAIN LETTERS OF CREDIT OF WHICH THE COMPANY IS BENEFICIARY TOGETHER WITH ALLSUMS PAYABLE. SEE 395FOR DETAILS
Mortgage Type:	SECURITY AGREEMENT
Date Charge Created:	04/10/91
Date Charge Registered:	12/10/91
Date Charge Satisfied:	10/11/94
Status:	SATISFIED
Person(s) Entitled:	BSI-BANCA DELLA SVIZZERA ITALIANA
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ANY SUM DEPOSITED IN CERTAIN A/CS OF THE COMPANY WITH THE BANKS LONDON BRANCH TOGETHER WITH INTEREST

Mortgage Type:	GENERAL LETTER OF PLEDGE AND HYPOTHECATION
Date Charge Created:	14/01/91
Date Charge Registered:	18/01/91
Date Charge Satisfied:	10/11/94
Status:	SATISFIED
Person(s) Entitled:	BANGKOK BANK LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	SUCH BILLS OF LADING AND OTHER DOCUMENTS OF TITLE TO GOODS DEPOSITED WITH THE CHARGEE OR ITS AGENTSAND ALL BILLS OF EXCHANGE, ETC. SEE FORM 395 FOR DETAILS
Mortgage Type:	ASSIGNMENT
Date Charge Created:	28/11/90
Date Charge Registered:	29/11/90
Date Charge Satisfied:	13/01/94
Status:	SATISFIED
Person(s) Entitled:	IB FINANCE (UK) PLC.
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ASSIGNMENT OF ALL RIGHTS TITLE AND INTEREST IN AND TO ANY CONTRACT FOR THE SALEOF COMMODITIES. (PLEASE SEE DOC FOR DETAILS)

Mortgage Type:	GENERAL ASSIGNMENT OF PROCEEDS
Date Charge Created:	25/10/90
Date Charge Registered:	29/10/90
Date Charge Satisfied:	07/02/95
Status:	SATISFIED
Person(s) Entitled:	BANQUE BRUXELLES LAMBERT S.A.
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF, OR PURSUANT TOTHE FACILITY AGREEMENT DATED 3/9/90
Details:	ASSIGNS TO AND CHARGES IN FAVOUR OF THEBANK ABSOLUTELY AND UNCONDITIONALLY ALLITS RIGHT TITLE BENEFIT AND INTEREST WHATSOEVER PRESENT AND FUTURE IN AND TO ALL PROCEEDS AND MONEYS WHATSOEVER WHICH ARENOW OR MAY AT ANY TIME HEREAFTER BE OR BECOME DUE OR OWING TO THE COMPANY UNDER OR BY VIRTUE OF SALES CONTRACTS, LETTERS OF CREDIT AND OTHER RECEIVABLES IN RESPECT OF GOODS FINANCED BY THE BANK UNDERTHE FACILITY AGREEMENT DATED 3/9/90. (SEE FORM 395 FOR FULL DETAILS)
Mortgage Type:	LEGAL CHARGE
Date Charge Created:	25/05/90
Date Charge Registered:	13/06/90
Date Charge Satisfied:	09/05/97
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	F/H PROPERTY K/A: 9 THE GLEN PINNER HARROW MIDDLESEX T/NO. P 130159

Mortgage Type:	MEMORANDUM OF CHARGE AND ASSIGNMENT
Date Charge Created:	23/04/90
Date Charge Registered:	26/04/90
Date Charge Satisfied:	07/02/95
Status:	SATISFIED
Person(s) Entitled:	BANQUE BRUXELLES LAMBERT S.A,
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF A FACILITY AGREEMENT DATED 17/4/90.
Details:	ALL RIGHTS TITLE AND INTERESTS IN AND ALL BENEFITS TO ACCRUE TO IT UNDER A NUMBER OF FORWARD FUTURESCONTRACTS OF SALE WITH RUDOLF WOLFF (PLEASE SEE DOV FOR FULL DETAILS)
Mortgage Type:	ASSIGNMENT
Date Charge Created:	27/02/90
Date Charge Registered:	14/03/90
Date Charge Satisfied:	13/01/94
Status:	SATISFIED
Person(s) Entitled:	BYBLOS BANK SAL
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	A DOCUMENTARY LETTER OF CREDIT IN FAVOUR OF THE COMPANY. SEE DOC FOR DETAILS

Mortgage Type:	MEMORADUM OF SECURITY RELATING TO A DEPOSIT
Date Charge Created:	25/08/89
Date Charge Registered:	06/09/89
Date Charge Satisfied:	13/01/94
Status:	SATISFIED
Person(s) Entitled:	BANQUE BRUXELLES LAMBERT S.A.
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ALL AMOUNTS STANDING TO THE CREDIT OF PRITT AND COMPANY LIMITED ACCOUNT NUMBER 309-0264937-40 WITH THE BANK
Mortgage Type:	PLEDGE AGREEMENT
Date Charge Created:	01/06/88
Date Charge Registered:	17/06/88
Date Charge Satisfied:	05/05/90
Status:	SATISFIED
Person(s) Entitled:	STATE BANK OF INDIA
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ALL DEEDS, SCRIP, BONDS BILLS OF LADING, WARRANTS, BILLS OF EXCHANGE (FOR FULL DETAILS SEE FORM 395)

Mortgage Type:	MEMORANDUM OF CHARGE
Date Charge Created:	01/06/88
Date Charge Registered:	17/06/88
Date Charge Satisfied:	17/06/88
Status:	SATISFIED
Person(s) Entitled:	STATE BANK OF INDIA
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ALL MONEYS IN ANY CURRENCY OR CURRENCIES STANDING TO THEIR CREDIT WITH THE MORTGAGEES.
Mortgage Type:	GENERAL LETTER OF HYPOTHECATION
Date Charge Created:	01/06/88
Date Charge Registered:	17/06/88
Date Charge Satisfied:	17/06/88
Status:	SATISFIED
Person(s) Entitled:	STATE BANK OF INDIA
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
Details:	ALL BILLS OF EXCHANGE, PROMISSORY RATESAND NEGOTIABLE INSTRUMENTS OF ANY DESCRIPTION, ALL BILLS OF LADING (FOR FULL DETAILS SEE FORM 395)

Mortgage Type:	MEMORANDUM OF CHARGE
Date Charge Created:	03/07/86
Date Charge Registered:	16/07/86
Date Charge Satisfied:	16/08/90
Status:	SATISFIED
Person(s) Entitled:	BANQUE NATIONAL DE PARIS P.L.C.
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
Details:	ALL MONIES IN ANY CURRENCY OR CURRENCIES WHATSOEVER NOW OR HEREAFTER STANDING OF THE CREDIT OF THE COMPANY WITH BANQUE NATIONAL DE PARIS P.L.C.
Mortgage Type:	GENERAL LETTER OF HYPOTHECATION.
Date Charge Created:	29/05/86
Date Charge Registered:	02/06/86
Date Charge Satisfied:	10/11/94
Status:	SATISFIED
Person(s) Entitled:	BANKOK BANK LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ALL BILLS, NOTES AND NEGOTIABLE INSTRUMENTS, BILLS OF LADING, WARRANTS DELIVERYORDERS, RECEIPTS ANDALL OTHER DOCUMENTS OF TITLE TO OR RELATING TO GOODS, AND ALL GOODS REPRESENTED THEREBY OR TO WHICHSUCH DECUMENTS RELATE AND ALL SHARES, STOCKS BONDS DEBENTURES AND OTHER SECURITIES WHATSOEVER FROM TIME TO TIME DEPOSITED WITH THE MORTGAGEE.

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	23/10/84
Date Charge Registered:	03/11/84
Date Charge Satisfied:	07/02/95
Status:	SATISFIED
Person(s) Entitled:	MIDLAND BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	65, PURSEWARDENS CLOSE, EALING, LONDON W13.
Mortgage Type:	COUNTER INDEMENITY
Date Charge Created:	15/03/84
Date Charge Registered:	22/03/84
Date Charge Satisfied:	22/03/84
Status:	SATISFIED
Person(s) Entitled:	GRINDLEY BRANDTS LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
Details:	ALL AMOUNTS DEPOSITED BY THE COMPANY UNDER A COUNTER INDEMNITY DATED 15.3.84 INFAVOUR OF THE GRINDLAY BRANDTS LIMITED IN COVER OF GUARANTEE LIABILITIES TO THE(BANK) GRINDLAYS BANK P.L.C.

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	14/07/83
Date Charge Registered:	18/07/83
Date Charge Satisfied:	29/03/97
Status:	SATISFIED
Person(s) Entitled:	MIDLAND BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	F/H 34 ABINGER MEWS MAIDA VALE LONDON W9 PART OF TITLE NO. NGL 393956
Mortgage Type:	LEGAL CHARGE
Date Charge Created:	04/06/82
Date Charge Registered:	04/06/82
Date Charge Satisfied:	25/03/97
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK INTERNATIONAL LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	L/H FLAT 28 100 LANCASTER GATE, LONDON W2.

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	30/01/80
Date Charge Registered:	06/02/80
Date Charge Satisfied:	06/02/80
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS INTERNATIONAL BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	FLAT 11, 100 LANCASTER GATE. LONDON W.2. TITLE NO: NGL 182306

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Sidney Reginald Brame	0	3
Leonard George Chivers	0	3
Narayan Shankar	1	2
Winston Victor D'Cruz	0	3
Rex Hanson Richardson	0	9
Subrahmanyam Venkatesha	1	1
Padmanabhan Narendran	0	2
Kamal Kumar Khosla	0	1
Average Invoice Value	Ł320.10
Invoices available	21
Paid	18
Outstanding	3

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	1	0	0	0
Outstanding	0	1	0	0	2

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.47
UK Pound	1	Rs.98.47
Euro	1	Rs.70.69

INFORMATION DETAILS

Analysis Done by :	KAS
Report Prepared by :	ASH

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.