MIRA INFORM REPORT

Report No. :	328029
Report Date :	23.06.2015

IDENTIFICATION DETAILS

Name :	VISAGE TEXTILES LIMITED

Formerly Known As :	TONY LEVY & CO (TEXTILES) LIMITED

Registered Office :	9/11 Chatley Street, Cheetham Manchester M3 1HU

Country :	United Kingdom

Financials (as on) :	30.04.14

Date of Incorporation :	12.03.1999

Com. Reg. No.:	03732286

Legal Form :	Private limited with Share Capital

Line of Business :	Wholesale of Textiles.

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

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

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 and address

Company Name: VISAGE TEXTILES LIMITED

Company No: 03732286

Company Status: Active - Accounts Filed

Registered Address: 9/11 CHATLEY STREET CHEETHAM MANCHESTER M3 1HU

Company Summary

Registered Address 9/11 CHATLEY STREET, CHEETHAM, MANCHESTER, M3 1HU

Trading Address 9-11 Chatley Street, Cheetham, Manchester, Lancashire M3 1HU

Website Address http://www.visagetextiles.com

Telephone Number 01618322213

Fax Number --

TPS No

FPS No

Incorporation Date 12/03/1999

Previous Name TONY LEVY & CO (TEXTILES) LIMITED

Type Private limited with Share Capital

FTSE Index -

Date of Change 17/04/2003

Filing Date of Accounts 18/12/2014

Currency GBP

Share Capital £2

SIC07 46410

Charity Number -

SIC07 Description WHOLESALE OF TEXTILES

Principal Activity Wholesale of textiles.

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

30/04/2014 - - £114,504 -

30/04/2013 - - £61,243 -

30/04/2012 - - £56,624 -

Mortgage Summary

Total Mortgage 3

Outstanding 3

Satisfied 0

Trade Debtors/ Bad Debt Summary

Total Number of Documented Trade 1

Total Value of Documented Trade £115

Commentary

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

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

The latest Balance Sheet indicates a positive net working capital position.

The latest cash balances are considered to be low in terms of the overall outstanding creditor obligations.

The high debt/equity ratio indicates that assets are funded primarily by creditors rather than equity/reinvested profits.

There has been an increase in shareholders funds compared with the previous balance sheet.

CCJ

Total Number of Exact CCJs -	0	Total Value of Exact CCJs -
Total Number of Possible CCJs -	1	Total Value of Possible CCJs -	£1,158
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	2

Current Directors

Name	Ronald Black	Date of Birth	27/06/1953
Officers Title	Mr	Nationality	British
Present Appointments	5	Function	Director
Appointment Date	27/03/2008
Address	11 Vernon Road, Salford, Lancashire, M7 4NW

Name	Aarran Simon Levy	Date of Birth	03/06/1965
Officers Title		Nationality	British
Present Appointments	3	Function	Director
Appointment Date	12/03/1999
Address	30b Rechov Gordon, Raanana, 43554

Name	Simon Daniel Phillips	Date of Birth	22/05/1969
Officers Title	Mr	Nationality	British
Present Appointments	9	Function	Director
Appointment Date	27/03/2008
Address	360 Stand Lane, Whitefield, Manchester, Lancashire, M45 7LJ

Name	David Brian Carter	Date of Birth	28/12/1966
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	11/09/2012
Address	9/11 Chatley Street, Cheetham, Manchester, M3 1HU

Current Company Secretary

Name	Ronald Black	Date of Birth	27/06/1953
Officers Title	Mr	Nationality	British
Present Appointments	5	Function	Company Secretary
Appointment Date	27/03/2008
Address	11 Vernon Road, Salford, Lancashire, M7 4NW

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
MIKA INTERNATIONAL LTD	GBP	2	ORDINARY	1	100

Profit & Loss

	Date Of Accounts	30/04/14	(%)	30/04/13	(%)	30/04/12	(%)	30/04/11	(%)	30/04/10
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Turnover	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Cost of Sales	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Gross Profit	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Wages & Salaries	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Directors Emoluments	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Operating Profit	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Depreciation	£7,733	193.6%	£2,634	-10.1%	£2,931	-55.6%	£6,604	-24.8%	£8,785
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Audit Fees	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Interest Payments	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Pre Tax Profit	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Taxation	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Profit After Tax	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	30/04/14	(%)	30/04/13	(%)	30/04/12	(%)	30/04/11	(%)	30/04/10
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Tangible Assets	£22,677	324.6%	£5,341	-30.5%	£7,684	261.9%	£2,123	-78.7%	£9,977
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Intangible Assets	£75,000	-25%	£100,000	-20%	£125,000	-16.7%	£150,000	-14.3%	£175,000
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Total Fixed Assets	£97,677	-7.3%	£105,341	-20.6%	£132,684	-12.8%	£152,123	-17.8%	£184,977
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Stock	£1,175,559	15.1%	£1,021,381	1.1%	£1,010,189	31.6%	£767,850	12.7%	£681,440
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Trade Debtors	£377,141	-0.8%	£380,168	2%	£372,736	-3.4%	£385,811	8.1%	£356,968
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Cash	£15,801	999.9%	£835	-97.4%	£31,533	258.4%	£8,798	-76.5%	£37,361
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Other Debtors	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Total Current Assets	£1,568,501	11.8%	£1,402,384	-0.9%	£1,414,458	21.7%	£1,162,459	8.1%	£1,075,769
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Trade Creditors	£1,201,674	9.6%	£1,096,482	0.5%	£1,090,518	25.4%	£869,523	3.9%	£836,816
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Other Short Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Total Current Liabilities	£1,201,674	9.6%	£1,096,482	0.5%	£1,090,518	25.4%	£869,523	3.9%	£836,816
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	£350,000	-	£350,000	-12.5%	£400,000	-	£400,000	-	£400,000
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Total Long Term Liabilities	£350,000	-	£350,000	-12.5%	£400,000	-	£400,000	-	£400,000

Capital & Reserves

	Date Of Accounts	30/04/14	(%)	30/04/13	(%)	30/04/12	(%)	30/04/11	(%)	30/04/10
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Called Up Share Capital	£2	-	£2	-	£2	-	£2	-	£2
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	P & L Account Reserve	£114,502	87%	£61,241	8.2%	£56,622	25.7%	£45,057	88.3%	£23,928
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Sundry Reserves	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Shareholder Funds	£114,504	87%	£61,243	8.2%	£56,624	25.7%	£45,059	88.3%	£23,930

Other Financial Items

	Date Of Accounts	30/04/14	(%)	30/04/13	(%)	30/04/12	(%)	30/04/11	(%)	30/04/10
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Net Worth	£39,504	201.9%	-£38,757	43.3%	-£68,376	34.8%	-£104,941	30.5%	-£151,070
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Working Capital	£366,827	19.9%	£305,902	-5.6%	£323,940	10.6%	£292,936	22.6%	£238,953
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Total Assets	£1,666,178	10.5%	£1,507,725	-2.5%	£1,547,142	17.7%	£1,314,582	4.3%	£1,260,746
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Total Liabilities	£1,551,674	7.3%	£1,446,482	-3%	£1,490,518	17.4%	£1,269,523	2.6%	£1,236,816
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Net Assets	£114,504	87%	£61,243	8.2%	£56,624	25.7%	£45,059	88.3%	£23,930

Cash Flow

	Date Of Accounts	30/04/14	(%)	30/04/13	(%)	30/04/12	(%)	30/04/11	(%)	30/04/10
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	30/04/14	(%)	30/04/13	(%)	30/04/12	(%)	30/04/11	(%)	30/04/10
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Capital Employed	£464,504	13%	£411,243	-9.9%	£456,624	2.6%	£445,059	5%	£423,930
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Number of Employees	-	-	-	-	-	-	-	-	-
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	30/04/14	30/04/13	30/04/12	30/04/11	30/04/10
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Pre-tax profit margin %	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Current ratio	1.31	1.28	1.30	1.34	1.29
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Sales/Net Working Capital	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Gearing %	305.70	571.50	706.40	887.70	1671.50
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Equity in %	7.20	4.40	4	3.90	2.20
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Creditor Days	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Debtor Days	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Liquidity/Acid Test	0.32	0.34	0.37	0.45	0.47
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Return On Capital Employed %	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Return On Total Assets Employed %	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Current Debt Ratio	10.49	17.90	19.25	19.29	34.96
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Total Debt Ratio	13.55	23.61	26.32	28.17	51.68
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\VISAGE TEXTILES LIMITED_files\barchart-grey.png$	Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
14/03/2015	Annual Returns
23/12/2014	New Accounts Filed
06/03/2014	Annual Returns
08/01/2014	New Accounts Filed
08/01/2014	New Accounts Filed
09/03/2013	Annual Returns
05/02/2013	New Accounts Filed
24/09/2012	New Board Member Mr D.B. Carter appointed
10/03/2012	Annual Returns
06/02/2012	New Accounts Filed
08/03/2011	Annual Returns
03/02/2011	New Accounts Filed
22/03/2010	Annual Returns
15/01/2010	New Accounts Filed
08/04/2009	Annual Returns

Previous Company Names

Date	Previous Name
17/04/2003	TONY LEVY & CO (TEXTILES) LIMITED

Writ Details

No writs found

Statistics

Group	3 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status	Wholly Owned
Ultimate Holding Company	MIKA INTERNATIONAL LTD

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
MIKA INTERNATIONAL LTD	N/A	-	-
VISAGE TEXTILES LIMITED	03732286	30.04.2014	N
THE CRAFT COTTON COM...	07569597	31.03.2014	N

Mortgage Details

Mortgage Type:	LEGAL ASSIGNMENT
Date Charge Created:	21/07/11
Date Charge Registered:	23/07/11
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:	ANY CREDIT BALANCE DUE TO THE COMPANY UNDER CONDITION 13 OF THE AGREEMENT FOR THE PURCHASE OF DEBTSAND ANY DISCOUNTINGALLOWANCE DUE UNDER THE CONTRACT THE BENEFIT OF ALL THE OTHER PROVISIONS OF THECONTRACT AND ALL SECURITIES IN RESPECT OF THAT CREDIT BALANCE SEE IMAGE FOR FULL DETAILS
Mortgage Type:	FIXED CHARGE ON NON-VESTING DEBTS AND FLOATING CHARGE
Date Charge Created:	26/03/10
Date Charge Registered:	30/03/10
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC INVOICE FINANCE (UK) LTD
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THETERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	BY WAY OF FIRST FIXED CHARGE ALL DEBTS AND ALL EXPORT DEBTS PURPORTEDLY ASSIGNED TO THE SECURITY HOLDER PURSUANT TO THEDEBT PURCHASE AGREEMENT. ALL ASSOCIATEDRIGHTS RELATING TO ANY NON-VESTING DOMESTIC DEBTS AND NON-VESTING EXPORT DEBTS. BY WAY OF FIRST FIXED CHARGE THE EXCLUDED PROCEEDS AND BY WAYOF FIRST FLOATING CHARGE ALL PRESENT AND FUTURE ASSETS UNDERTAKING AND ALL OTHER PROPERTY AND ASSETSPLUS SEE IMAGE FOR FULL DETAILS

Mortgage Type:	DEBENTURE
Date Charge Created:	21/10/08
Date Charge Registered:	24/10/08
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:	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

Trade Debtors/ Bad Debt Detail

	Total Number of Documented Trade	Total Value of Documented Trade
Trade Debtors	1	£115
Company Name	Amount	Statement Date
Michelle De Leon Limited	£115	12/09/2013

Previous Director/Company Secretaries

Name		Current Directorships	Previous Directorships
Janine Rachel Levy		1	1
SWIFT INCORPORATIONS LIMITED		2579	263489
Average Invoice Value	Ł590.44
Invoices available	146
Paid	144
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	20	95	22	5	2
Outstanding	2	0	0	0	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.51
UK Pound	1	Rs.100.94
Euro	1	Rs.72.32

INFORMATION DETAILS

Analysis Done by :	RAS

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.