MIRA INFORM REPORT

Report No. :	326514
Report Date :	09.06.2015

IDENTIFICATION DETAILS

Name :	ANDOR TECHNOLOGY LIMITED

Formerly Known As :	ANDOR TECHNOLOGY PLC

Registered Office :	7 Millennium Way Springvale Business Park Belfast Bt12 7al

Country :	United Kingdom

Financials (as on) :	30.09.2013

Date of Incorporation :	15.03.1989

Legal Form :	Private limited with Share Capital

Line of Business :	Subject is manufacture of optical precision instruments

No. of Employee :	344 (2013)

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 – December 31, 2014

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

United Kingdom

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

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

ANDOR TECHNOLOGY LIMITED

Registered Address

7 MILLENNIUM WAY SPRINGVALE BUSINESS PARK BELFAST BT12 7AL

Company Summary

Registered Address

7 MILLENNIUM WAY
SPRINGVALE BUSINESS PARK
BELFAST
BT12 7AL

Trading Address

7 Millennium Way
Springvale Business Park
Belfast
County Antrim
BT12 7AL

Website Address http://www.andor.com

Telephone Number 02890237126

Fax Number

TPS No

FPS No

Incorporation Date 15/03/1989

Previous Name ANDOR TECHNOLOGY PLC

Type Private limited with Share Capital

FTSE Index -

Date of Change 18/03/2014

Filing Date of Accounts 31/03/2014

Currency GBP

Share Capital £667,500

SIC07 26701

Charity Number -

SIC07 Description MANUFACTURE OF OPTICAL PRECISION INSTRUMENTS

Principal Activity A group engaged in the development and manufacture of high performance specialist digital cameras.

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

30/09/2013 £54,565,000 £6,332,000 £53,840,000 344

30/09/2012 £58,321,000 £8,932,000 £48,068,000 333

30/09/2011 £57,351,000 £8,742,000 £39,355,000 301

Mortgage Summary

Total Mortgage 7

Outstanding 7

Satisfied 0

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 strong 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	6
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	24

Current Directors

Name	Stephanie Anne Quinn	Date of Birth	29/11/1972
Officers Title	Ms	Nationality	British
Present Appointments	3	Function	Director
Appointment Date	13/06/2014
Address	Tubney Woods, Abingdon, Oxon, OX13 5QX
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Aislinn Rice	Date of Birth	07/07/1970
Officers Title	Miss	Nationality	Irish
Present Appointments	1	Function	Director
Appointment Date	16/03/2004
Address	Apt 3 Rugby Square, Rugby Parade, Belfast, BT7 1PY
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Donal Joseph Denvir	Date of Birth	24/11/1955
Officers Title	Dr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	15/03/1989
Address	10 Notting Hill, Belfast, BT9 5NS
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	David Jonathan Flint	Date of Birth	08/02/1961
Officers Title	Mr	Nationality	British
Present Appointments	9	Function	Director
Appointment Date	22/01/2014
Address	Oxford Instruments Tubney Wood, Abingdon, Oxfordshire, OX13 5QX
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Kevin James Boyd	Date of Birth	02/09/1964
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	22/01/2014
Address	Oxford Instruments Tubney Wood, Abingdon, Oxfordshire, OX13 5QX
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Gary Alexander Wilmot	Date of Birth	17/09/1965
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	01/05/2014
Address	7 Millennium Way, Springvale Business Park, Belfast, BT12 7AL
Disqualified		Disqualified End Date
Disqualification Exception	No

Current Company Secretary

Name	Susan Karen Johnson-Brett	Date of Birth	-
Officers Title	Mrs	Nationality
Present Appointments	1	Function	Company Secretary
Appointment Date	08/05/2014
Address	7 Millennium Way, Springvale Business Park, Belfast, BT12 7AL
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
OXFORD INSTRUMENTS NANOTECHNOLOGY TOOLS HOLDINGS LIMITED	GBP	33,374,996	ORDINARY	0.02	100

Profit & Loss

Date Of Accounts	30/09/13	(%)	30/09/12	(%)	30/09/11	(%)	30/09/10	(%)	30/09/09
Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
Consolidated A/cs	Y	(%)	Y	(%)	Y	(%)	Y	(%)	N
Turnover	£54,565,000	-6.4%	£58,321,000	1.7%	£57,351,000	34.3%	£42,719,000	29%	£33,113,000
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	£23,875,000	-7.6%	£25,844,000	-1.9%	£26,332,000	39.8%	£18,839,000	15.6%	£16,298,000
Gross Profit	£30,690,000	-5.5%	£32,477,000	4.7%	£31,019,000	29.9%	£23,880,000	42%	£16,815,000
Wages & Salaries	£15,624,000	-2.5%	£16,023,000	2.1%	£15,688,000	24.5%	£12,599,000	27.7%	£9,864,000
Directors Emoluments	£1,000,000	-52.6%	£2,108,000	-1.5%	£2,141,000	75.2%	£1,222,000	34%	£912,000
Operating Profit	£6,098,000	-29.6%	£8,667,000	0.9%	£8,586,000	50.3%	£5,713,000	72.2%	£3,317,000
Depreciation	£940,000	-3.3%	£972,000	47.7%	£658,000	6.3%	£619,000	-7.6%	£670,000
Audit Fees	£42,000	-	£42,000	7.7%	£39,000	5.4%	£37,000	12.1%	£33,000
Interest Payments	£18,000	-43.8%	£32,000	10.3%	£29,000	-50%	£58,000	3.6%	£56,000
Pre Tax Profit	£6,332,000	-29.1%	£8,932,000	2.2%	£8,742,000	50.6%	£5,805,000	71.3%	£3,389,000
Taxation	-£610,000	55.4%	-£1,367,000	38%	-£2,204,000	-78.3%	-£1,236,000	-209%	-£400,000
Profit After Tax	£5,722,000	-24.4%	£7,565,000	15.7%	£6,538,000	43.1%	£4,569,000	52.9%	£2,989,000
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	£5,722,000	-24.4%	£7,565,000	15.7%	£6,538,000	43.1%	£4,569,000	52.9%	£2,989,000

Balance Sheet

Date Of Accounts	30/09/13	(%)	30/09/12	(%)	30/09/11	(%)	30/09/10	(%)	30/09/09
Tangible Assets	£7,136,000	-12%	£8,113,000	-14.9%	£9,529,000	25.9%	£7,567,000	40%	£5,405,000
Intangible Assets	£15,297,000	-2.8%	£15,732,000	-5.4%	£16,627,000	7.1%	£15,519,000	999.9%	£191,000
Total Fixed Assets	£22,433,000	-5.9%	£23,845,000	-8.8%	£26,156,000	13.3%	£23,086,000	312.5%	£5,596,000
Stock	£8,330,000	0.8%	£8,265,000	19.1%	£6,942,000	-10.4%	£7,749,000	23.2%	£6,291,000
Trade Debtors	£8,775,000	-11.7%	£9,939,000	19.3%	£8,334,000	64.8%	£5,057,000	20.2%	£4,207,000
Cash	£23,853,000	29.7%	£18,386,000	28.8%	£14,271,000	59.8%	£8,929,000	-10.5%	£9,979,000
Other Debtors	£549,000	3.2%	£532,000	-24.3%	£703,000	-36.3%	£1,104,000	573.2%	£164,000
Miscellaneous Current Assets	£970,000	999.9%	£71,000	-	0	-100%	£413,000	-	0
Total Current Assets	£42,477,000	14.2%	£37,193,000	23%	£30,250,000	30.1%	£23,252,000	12.6%	£20,641,000
Trade Creditors	£3,145,000	-8.7%	£3,446,000	-4.3%	£3,599,000	50.9%	£2,385,000	29.8%	£1,838,000
Bank Loans & Overdrafts	£264,000	-	£264,000	-	£264,000	1.1%	£261,000	17.6%	£222,000
Other Short Term Finance	0	-	0	-100%	£111,000	-1.8%	£113,000	-	0
Miscellaneous Current Liabilities	£3,472,000	-29.6%	£4,933,000	-20.9%	£6,237,000	-19.1%	£7,709,000	95%	£3,954,000
Total Current Liabilities	£6,881,000	-20.4%	£8,643,000	-15.4%	£10,211,000	-2.5%	£10,468,000	74.1%	£6,014,000
Bank Loans & Overdrafts and LTL	£4,453,000	-3%	£4,591,000	-35.4%	£7,104,000	1.1%	£7,030,000	186.4%	£2,455,000
Other Long Term Finance	0	-	0	-	0	-	0	-	0
Total Long Term Liabilities	£4,189,000	-3.2%	£4,327,000	-36.7%	£6,840,000	1%	£6,769,000	203.1%	£2,233,000

Capital & Reserves

Date Of Accounts	30/09/13	(%)	30/09/12	(%)	30/09/11	(%)	30/09/10	(%)	30/09/09
Called Up Share Capital	£640,000	2.9%	£622,000	1.3%	£614,000	2.2%	£601,000	11.3%	£540,000
P & L Account Reserve	£37,099,000	14.4%	£32,418,000	24.8%	£25,969,000	49.5%	£17,376,000	88.1%	£9,237,000
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	£16,101,000	7.1%	£15,028,000	17.7%	£12,772,000	14.8%	£11,124,000	35.4%	£8,213,000
Shareholder Funds	£53,840,000	12%	£48,068,000	22.1%	£39,355,000	35.2%	£29,101,000	61.8%	£17,990,000

Other Financial Items

Date Of Accounts	30/09/13	(%)	30/09/12	(%)	30/09/11	(%)	30/09/10	(%)	30/09/09
Net Worth	£38,543,000	19.2%	£32,336,000	42.3%	£22,728,000	67.3%	£13,582,000	-23.7%	£17,799,000
Working Capital	£35,596,000	24.7%	£28,550,000	42.5%	£20,039,000	56.8%	£12,784,000	-12.6%	£14,627,000
Total Assets	£64,910,000	6.3%	£61,038,000	8.2%	£56,406,000	21.7%	£46,338,000	76.6%	£26,237,000
Total Liabilities	£11,070,000	-14.6%	£12,970,000	-23.9%	£17,051,000	-1.1%	£17,237,000	109%	£8,247,000
Net Assets	£53,840,000	12%	£48,068,000	22.1%	£39,355,000	35.2%	£29,101,000	61.8%	£17,990,000

Cash Flow

Date Of Accounts	30/09/13	(%)	30/09/12	(%)	30/09/11	(%)	30/09/10	(%)	30/09/09
Net Cashflow from Operations	£6,852,000	-7.2%	£7,387,000	-22.3%	£9,505,000	44.9%	£6,560,000	-2.5%	£6,730,000
Net Cashflow before Financing	£5,563,000	17.8%	£4,722,000	-8.8%	£5,178,000	225.1%	-£4,139,000	-166.9%	£6,191,000
Net Cashflow from Financing	-£270,000	17.9%	-£329,000	-393.8%	£112,000	-96.2%	£2,947,000	937.2%	-£352,000
Increase in Cash	£5,293,000	20.5%	£4,393,000	-17%	£5,290,000	543.8%	-£1,192,000	-120.4%	£5,839,000

Miscellaneous

Date Of Accounts	30/09/13	(%)	30/09/12	(%)	30/09/11	(%)	30/09/10	(%)	30/09/09
Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
Capital Employed	£58,029,000	10.8%	£52,395,000	13.4%	£46,195,000	28.8%	£35,870,000	77.4%	£20,223,000
Number of Employees	344	3.3%	333	10.6%	301	22.4%	246	21.2%	203

Auditors	PRICEWATERHOUSECOOPERS LLP
Auditor Comments	The audit report contains no adverse comments
Bankers	BANK OF IRELAND
Bank Branch Code	90-02-95

Ratios

Date Of Accounts	30/09/13	30/09/12	30/09/11	30/09/10	30/09/09
Pre-tax profit margin %	11.60	15.32	15.24	13.59	10.23
Current ratio	6.17	4.30	2.96	2.22	3.43
Sales/Net Working Capital	1.53	2.04	2.86	3.34	2.26
Gearing %	8.30	9.60	18.10	24.20	13.60
Equity in %	108.50	106.10	98.90	94.40	69.10
Creditor Days	20.98	21.50	22.84	20.32	20.20
Debtor Days	58.53	62.03	52.89	43.08	46.24
Liquidity/Acid Test	4.96	3.34	2.28	1.48	2.38
Return On Capital Employed %	10.91	17.04	18.92	16.18	16.75
Return On Total Assets Employed %	9.75	14.63	15.49	12.52	12.91
Current Debt Ratio	0.12	0.17	0.25	0.35	0.33
Total Debt Ratio	0.20	0.26	0.43	0.59	0.45
Stock Turnover Ratio %	15.26	14.17	12.10	18.13	18.99
Return on Net Assets Employed %	11.76	18.58	22.21	19.94	18.83

Event History

Date	Description
18/02/2015	Ms M.B. Duseau has left the board
24/10/2014	Annual Returns
21/10/2014	New Board Member Mr D.J. Flint appointed
07/07/2014	New Board Member Ms S.A. Quinn appointed
30/06/2014	New Board Member Ms S. Quinn appointed
23/06/2014	Mr A.R. Lilley has left the board
21/05/2014	Mr A.R. Lilley has resigned as company secretary
21/05/2014	Mr C. Walsh has left the board
21/05/2014	New Board Member Mr G.A. Wilmot appointed
21/05/2014	New Company Secretary Mrs S.K. Johnson-Brett appointed
11/04/2014	New Accounts Filed
11/04/2014	New Accounts Filed
20/03/2014	Change of Name
30/01/2014	New Board Member Mr D.J. Flint appointed
28/01/2014	New Board Member Mr K.J. Boyd appointed

Previous Company Names

Date	Previous Name
18/03/2014	ANDOR TECHNOLOGY PLC
12/11/2004	ANDOR TECHNOLOGY LTD
28/02/1990	ZUMBOORUK LIMITED
01/01/1950	ANDOR TECHNOLOGY LTD
01/01/1800	ANDOR TECHNOLOGY LTD

Writ Details

No writs found

Statistics

Group	36 companies
Linkages	19 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

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
$Description: \\VIVEK\Foreign Report Raw2\ANDOR TECHNOLOGY LIMITED_files\tminus.gif$ OXFORD INSTRUMENTS PLC	00775598	31.03.2014	Y	£360,100,000
$Description: \\VIVEK\Foreign Report Raw2\ANDOR TECHNOLOGY LIMITED_files\T.gif$ OXFORD INSTRUMENTS SYN...	03145609	31.03.2014	N
$Description: \\VIVEK\Foreign Report Raw2\ANDOR TECHNOLOGY LIMITED_files\tminus.gif$ OXFORD INSTRUMENTS OVE...	03302442	31.03.2014	N
$Description: \\VIVEK\Foreign Report Raw2\ANDOR TECHNOLOGY LIMITED_files\T.gif$ OXFORD INSTRUMENTS H...	06800561	31.03.2014	N
$Description: \\VIVEK\Foreign Report Raw2\ANDOR TECHNOLOGY LIMITED_files\tminus.gif$ OXFORD INSTRUMENTS O...	06535207	31.03.2014	N
$Description: \\VIVEK\Foreign Report Raw2\ANDOR TECHNOLOGY LIMITED_files\L.gif$ OXFORD INSTRUMENTS...	08384685	31.03.2014	N
$Description: \\VIVEK\Foreign Report Raw2\ANDOR TECHNOLOGY LIMITED_files\T.gif$ NANOTECHNOLOGY TOOLS L...	00911855	31.03.2014	N
$Description: \\VIVEK\Foreign Report Raw2\ANDOR TECHNOLOGY LIMITED_files\tminus.gif$ ANNO 11 GMBH	HRB 16765	31.12.2012	N
$Description: \\VIVEK\Foreign Report Raw2\ANDOR TECHNOLOGY LIMITED_files\tminus.gif$ SCIENTA OMICRON GMBH	HRB 16116	31.03.2014	N	€29,943,379
$Description: \\VIVEK\Foreign Report Raw2\ANDOR TECHNOLOGY LIMITED_files\T.gif$ OMICRON NANOTECHNO...	03204016	31.03.2014	N
$Description: \\VIVEK\Foreign Report Raw2\ANDOR TECHNOLOGY LIMITED_files\L.gif$ OMICRON UHV TECHNI...	04056652	31.03.2014	N	£4,020,575
$Description: \\VIVEK\Foreign Report Raw2\ANDOR TECHNOLOGY LIMITED_files\tminus.gif$ OXFORD INSTRUMENTS HOL...	N/A	-	-
$Description: \\VIVEK\Foreign Report Raw2\ANDOR TECHNOLOGY LIMITED_files\L.gif$ OXFORD INSTRUMENTS O...	02418844	31.03.2014	N
$Description: \\VIVEK\Foreign Report Raw2\ANDOR TECHNOLOGY LIMITED_files\tminus.gif$ OXFORD INSTRUMENTS ASY...	N/A	-	-
$Description: \\VIVEK\Foreign Report Raw2\ANDOR TECHNOLOGY LIMITED_files\L.gif$ ASYLUM RESEARCH UK LTD	05573791	31.03.2014	N
$Description: \\VIVEK\Foreign Report Raw2\ANDOR TECHNOLOGY LIMITED_files\tminus.gif$ OXFORD INSTRUMENTS ANA...	04068000	31.03.2014	N
$Description: \\VIVEK\Foreign Report Raw2\ANDOR TECHNOLOGY LIMITED_files\tminus.gif$ OXFORD INSTRUMENTS S...	01675071	31.03.2014	N
$Description: \\VIVEK\Foreign Report Raw2\ANDOR TECHNOLOGY LIMITED_files\L.gif$ OXFORD MAGNET TECH...	00566186	31.03.2014	N
$Description: \\VIVEK\Foreign Report Raw2\ANDOR TECHNOLOGY LIMITED_files\tminus.gif$ OXFORD INSTRUMENTS IND...	04068014	31.03.2014	N
$Description: \\VIVEK\Foreign Report Raw2\ANDOR TECHNOLOGY LIMITED_files\tminus.gif$ OXFORD INSTRUMENTS I...	01044063	31.03.2014	N	£9,837,000
$Description: \\VIVEK\Foreign Report Raw2\ANDOR TECHNOLOGY LIMITED_files\T.gif$ OXFORD INSTRUMENTS...	01468532	31.03.2014	N
$Description: \\VIVEK\Foreign Report Raw2\ANDOR TECHNOLOGY LIMITED_files\L.gif$ R M G TECHNOLOGY L...	04009340	31.03.2014	N
$Description: \\VIVEK\Foreign Report Raw2\ANDOR TECHNOLOGY LIMITED_files\tminus.gif$ OXFORD INSTRUMENTS NAN...	04068071	31.03.2014	N
$Description: \\VIVEK\Foreign Report Raw2\ANDOR TECHNOLOGY LIMITED_files\T.gif$ ANDOR TECHNOLOGY LIM...	NI022466	30.09.2013	Y	£54,565,000
$Description: \\VIVEK\Foreign Report Raw2\ANDOR TECHNOLOGY LIMITED_files\tminus.gif$ OXFORD INSTRUMENTS N...	00704320	31.03.2014	N	£125,356,000
$Description: \\VIVEK\Foreign Report Raw2\ANDOR TECHNOLOGY LIMITED_files\T.gif$ OXFORD INSTRUMENTS...	00602774	31.03.2014	N
$Description: \\VIVEK\Foreign Report Raw2\ANDOR TECHNOLOGY LIMITED_files\T.gif$ OXFORD INSTRUMENTS...	00926398	31.03.2014	N
$Description: \\VIVEK\Foreign Report Raw2\ANDOR TECHNOLOGY LIMITED_files\T.gif$ OXFORD INSTRUMENTS...	01371454	31.03.2014	N
$Description: \\VIVEK\Foreign Report Raw2\ANDOR TECHNOLOGY LIMITED_files\T.gif$ PLASMA TECHNOLOGY...	01572544	31.03.2014	N
$Description: \\VIVEK\Foreign Report Raw2\ANDOR TECHNOLOGY LIMITED_files\tminus.gif$ OXFORD INSTRUMENTS...	01581072	31.03.2014	N
$Description: \\VIVEK\Foreign Report Raw2\ANDOR TECHNOLOGY LIMITED_files\T.gif$ LINK ANALYTICAL L...	02007207	31.03.2014	N
$Description: \\VIVEK\Foreign Report Raw2\ANDOR TECHNOLOGY LIMITED_files\T.gif$ OXBRIDGE INSTRUME...	02522308	31.03.2014	N
$Description: \\VIVEK\Foreign Report Raw2\ANDOR TECHNOLOGY LIMITED_files\L.gif$ OXFORD INSTRUMENT...	02415956	31.03.2014	N
$Description: \\VIVEK\Foreign Report Raw2\ANDOR TECHNOLOGY LIMITED_files\tminus.gif$ OXFORD INSTRUMENTS M...	05004981	31.03.2014	N
$Description: \\VIVEK\Foreign Report Raw2\ANDOR TECHNOLOGY LIMITED_files\L.gif$ RESONANCE INSTRUME...	02751186	31.03.2014	N
$Description: \\VIVEK\Foreign Report Raw2\ANDOR TECHNOLOGY LIMITED_files\L.gif$ OXFORD SEMICON LIMITED	00623373	31.03.2014	N

Statistics

Mortgage Details

Mortgage Type:	MORTGAGE OR CHARGE
Date Charge Created:	07/12/04
Date Charge Registered:	23/12/04
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	THE GOVERNOR AND COMPANY OF THE BANK OF IRELAND;
Amount Secured:
Details:	ALL MONIES EQUITABLE ASSIGNMENT OF RIGHTSPROPERTY AT SPRINGVALE BUSINESS PARK, SPRINGFIELD ROAD, BELFAST
Mortgage Type:	DEBENTURE
Date Charge Created:	07/12/04
Date Charge Registered:	22/12/04
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	THE GOVERNOR AND COMPANY OF THE BANK OF IRELAND
Amount Secured:	N/A
Details:	ALL MONIES DEBENTURE. 1. BY WAY OF FIXED CHARGE: THE HEREDITAMENTS AND PREMISES DESCRIBED IN THE SCHEDULE TO THE DEBENTURE AND ALL ESTATE OR INTEREST LEGAL OR EQUITABLE IN ALL OTHER FREEHOLD OR LEASEHOLD PROPERTY OR PROFITS A PRENDRE EASEMENTS, RIGHTS OF WAY, RIGHTS UNDER COVENANTS, AGREEMENTS,UNDERTAKING, INDEMNITIES AND RIGHTS TO COMPENSATION, STATUTORY OR OTHERWISE OR INCOME ATTACHING THERETO ............................................................... SEE 402FOR FURTHER DETAILS.

Mortgage Type:	MORTGAGE OR CHARGE
Date Charge Created:	07/12/04
Date Charge Registered:	22/12/04
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	THE GOVERNOR AND COMPANY OF THE BANK OF IRELAND
Amount Secured:	N/A
Details:	ALL MONIES CHARGE. ALL THAT PART OF THE PREMISES COMPRISED IN FOLIO AN61062LCOUNTY ANTRIM AS IS COMPRISED IN AN INDENTURE OF TRANSFER DATED 7 DECEMBER 2004AND MADE BETWEEN HERON PROPERTY LIMITED(1)AND THE CHARGOR (2). SEE 402 FORFURTHER DETAILS.
Mortgage Type:	MORTGAGE OR CHARGE
Date Charge Created:	07/12/04
Date Charge Registered:	21/12/04
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	INVEST NORTHERN IRELAND;
Amount Secured:
Details:	ALL MONIES MORTGAGE DEED.1. BY FIRST FIXED CHARGE, THAT PART OF THE PREMISES WHICH WERE ORIGINALLY COMPRISED IN FOLIO AN 61062L COUNTY ANTRIM ..........SEE 402 FOR FURTHER DETAILS.

Mortgage Type:	MORTGAGE OR CHARGE
Date Charge Created:	08/02/99
Date Charge Registered:	09/02/99
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BANK OF IRELAND;
Amount Secured:
Details:	DEED OF CHARGE. THE LANDS AND PREMISES COMPRISED IN FOLIOS AN36101 AND AN42241 COUNTY ANTRIM CONTAINING 2.208 ACRES KNOWN AS 9 MILLENNIUM WAY, SPRINGVALE BUSINESS PARK BELFAST, BEING THE LANDS AND PREMISES COMPRISED IN AND DEMISED BY INDENTURE OF LEASE DATED 8TH DAY OF FEBRUARY1999 MADE BETWEEN DEPARTMENT OF ECONOMIC DEVELOPMENT OF THE ONE PART, ANDOR TECHNOLOGY LIMITED OF THE OTHER PART FOR THE TERM OF 999 YEARS FROM DAY OF 1999 SUBJECT TOTHE YEARLY RENT OF ;1.00 THEREBY RESERVED AND TO THE COVENANTS ON THE LESSEES PART AND CONDITIONS THEREIN CONTAINED. THE COMPANY THEREIN COVENANTED THAT IT SHALL NOT AND WILL NOT CREATE A SECOND OR SUBSEQUENT CHARGEOF THE CHARGED PREMISES WITHOUT THE PRIOR CONSENT IN WRITING OF THE BANK.
Mortgage Type:	MORTGAGE OR CHARGE
Date Charge Created:	20/08/98
Date Charge Registered:	01/09/98
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BANK OF IRELAND;
Amount Secured:
Details:	ALL MONIES DEBENTURE THE COMPANYS UNDERTAKING PROPERTY AND ASSETS WHATSOEVER AND WHERESOEVER BOTH PRESENT AND FUTURE INCLUDING GOODWILL AND UNCALLED CAPITAL. THE CHARGE SHALL AS REGARDS ALL ESTATE OR INTERESTLEGAL OR EQUITABLE IN ALL FREEHOLD OR LEASE- HOLD PROPERTY ALL PROFITS A PRENDRE EASE MENTS RIGHTS OF WAY RIGHTS UNDER COVEN- ANTS AGREEMENTS UNDERTAKINGS AND INDEM- NITIES AND RIGHTS TO COMPENSATION STAT- UTORY OR OTHERWISE OR INCOME ATTACHING THERETO WHICH SHALL AT ANYTIME HERE- AFTER DURING THE CONTINUANCE OF THIS SECURITY BECOME THE PROPERTY OF THE COMPANY AND ALL PRESENTAND FUTURE PROCEEDS OF INSURANCE RECEIVABLE BY THE COMPANY AND ITS GOODWILL AND UNCALLED CAPITAL FOR THE TIMEBEING BE A SPECIFIC CHARGE ANDAS REGARDS ALL FREE- HOLD OR LEASEHOLD PROPERTY SHALL CON- STITUTE A LEGAL MORTGAGE AND SHALL AS REGARDS THE OTHER PROPERTY HEREBY CHARGED BE A FLOATING SECURITY BUT SO THAT THE COMPANY SHALL NOT BE AT LIBERTY TO CREATE ANYMORTGAGE OR CHARGE RANKING IN PRIORITY TO OR PARI PASSU WITH THESE PRESENTS ORSELL OR ASSIGN OR GRANT ANY LICENSE TOOCCUPY ANY OF THE PROPERTIES HEREBY CHARGED WITHOUT THE PRIOR WRITTEN CONSENT OF THE BANK. THE DEBENTURE FURTHERPROVIDES THAT THE COMPANY SHALL NOT WITHOUT THE PRIOR WRITTEN CONSENT OF THE BANK ASSIGN OR CHARGE ITS BOOK DEBTS.

Mortgage Type:	MORTGAGE OR CHARGE
Date Charge Created:	21/11/96
Date Charge Registered:	22/11/96
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BANK OF IRELAND;
Amount Secured:
Details:	ALL MONIES. FIXED AND FLOATING CHARGE 1. BY WAY OF FIXED EQUITABLE CHARGE (I) ALL PURCHASED DEBTS BEING ANY BOOK DEBTS AS DEFINED IN THE AGREEMENT PURCHASED OR PURPORTED TO BE PURCHASED BY THE SECURITY HOLDER PURSUANT TO THE AGREE- MENT THE OWNERSHIP OF WHICH FAILTO VEST ABSOLUTELY AND EFFECTIVELY IN THE SECURITY HOLDER FOR ANY REASONAND (II) ALL OTHER DEBTS BEING THOSE OTHER THAN THE PURCHASED DEBTS NOW OR AT ANY TIME HEREAFTER OWING OR BECOMINGDUE TO THE COMPANY ON ANY ACCOUNT WHATSOEVER AND (III) ALL ASSOCIATED RIGHTS AS DEFINED IN THE AGREEMENT AND REFERENCE TO "A DEBT" AND TO "A CONTRACT OF SALE" IN OR IN CONNECTION WITH SUCH DEFINITION SHALL INCLUDE REFERENCES TOAN OTHER DEBT AND TO ANY CONTRACT GIVING RISE TO AN OTHER DEBT. 2. BY WAY OF A FLOATING CHARGE ALL THE UNDERTAKING AND ALL THE RIGHTS AND ASSETS OF THE COMPANY WHATSOEVER AND WHERESOEVER BOTH PRESENT AND FUTURE INCLUDING THE COMPANYS STOCK IN TRADE AND ITS UNCALLED CAPITAL OTHER THAN SUCH PROPERTY AS SHALL BE SUBJECT TO THE FIXED CHARGE ABOVE DETAILED FROM TIME TO TIME.

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
John O M Knapton	0	1
John Doherty	0	1
Conor Walsh	0	1
Kristine A Langdon	0	1
Hugh Cormican	4	3
Michael Wallace Pringle	0	1
J F Fulton	0	1
Thomas Morrow	0	1
Conor Walsh	2	1
Nigel Mark Lowry	0	1
Christopher Calling	0	1
Susan Leah Novak Vogt	0	2
Colin James Walsh	27	14
Tony Nash	0	10
Peter John Smith	27	32
Aislinn Briege Rice	2	2
Stephanie Anne Quinn	3	1
William Rhodes	0	1
William Thomas Parsons	4	10
Alan Richard Lilley	1	12
Alan Richard Lilley	0	1
Mary Beth Duseau	0	1
James Douglas Haynes	3	1
Bryan Stanley Keating	6	14
Average Invoice Value	Ł778.51
Invoices available	12
Paid	10
Outstanding	2

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	6	4	0	0	0
Outstanding	0	0	0	0	2

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs. 64.11
UK Pound	1	Rs.97.84
Euro	1	Rs.71.12

INFORMATION DETAILS

Analysis Done by :	SAN

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.

Name	Number	Latest Key Financials	Turnover
OXFORD INSTRUMENTS ANALYTICAL OY	18372152	31.03.2014
OXFORD INSTRUMENTS GMBH	HRB 21599	31.03.2014	€28,231,229
OXFORD INSTRUMENTS HOLDINGS GMBH	HRB 25561	31.03.2014
OXFORD INSTRUMENTS NORDISKA AB	5567492342	31.03.2014	33,803 KSEK
OMICRON NANOTECHNOLOGY USA		-	$601,000
OMNIPROBE, INC		-	$4,900,000
PHOTONIC INSTRUMENTS, INC		-	$1,040,000
OXFORD INSTRUMENTS X-RAY TECHNOLOGY INC		-	$14,082,000
PLATINUM MEDICAL IMAGING LLC		-	$190,000
APOGEE IMAGING SYSTEMS, INC		-
BITPLANE INC		-
OXFORD INSTRUMENTS SERVICE LLC		-
ANDOR TECHNOLOGY LIMITED		-	$1,000,000
OXFORD SUPERCONDUCTING TECHNOLOGY LP		-	$62,500,000
OXFORD INSTRUMENTS AMERICA, INC		-	$31,976,000
ASYLUM RESEARCH CORP		-	$4,384,000
OXFORD INSTRUMENTS SUPERCONDUCTIVITY WIRE LLC		-
ANDOR TECHNOLOGY		-
OXFORD INSTRUMENTS-AUSTIN		-