MIRA INFORM REPORT

Report No. :	328196
Report Date :	24.06.2015

IDENTIFICATION DETAILS

Name :	S M D TEXTILES LIMITED

Registered Office :	Unit F2 Pittman Way Preston North Employment Industrial Estate, Fulwood Pr2 9zd

Country :	United Kingdom

Financials (as on) :	30.09.2014

Date of Incorporation :	19.03.1987

Com. Reg. No.:	02112669

Legal Form :	Private Limited with Share Capital

Line of Business :	· Wholesale of Textiles. · Design and sale of furnishing textiles through independent and multiple retailers to a broad spectrum of consumers across the world.

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 :	Small Company

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 – 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: S M D TEXTILES LIMITED

Company No: 02112669

Company Status: Active - Accounts Filed

Registered Address: UNIT F2 PITTMAN WAY PRESTON NORTH EMPLOYMENT INDUSTRIAL ESTATE, FULWOOD PR2 9ZD

Company Summary

Registered Address UNIT F2 PITTMAN WAY, PRESTON NORTH EMPLOYMENT, INDUSTRIAL ESTATE, FULWOOD, PR2 9ZD

Trading Address Unit F2, Pittman Way, Fulwood, Preston, Lancashire, PR2 9ZD

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

Telephone Number 01772651199

Fax Number --

TPS No

FPS No

Incorporation Date 19/03/1987

Previous Name --

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 12/02/2015

Currency GBP

Share Capital £200,000

SIC07 46410

Charity Number -

SIC07 Description WHOLESALE OF TEXTILES

Principal Activity Design and sale of furnishing textiles through independent and multiple retailers to a broad spectrum of consumers across the world.

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

30/09/2014 - - £4,941,938 -

30/09/2013 - - £4,926,191 -

30/09/2012 - - £4,612,814 -

Mortgage Summary

Total Mortgage 7

Outstanding 2

Satisfied 5

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 14

Total Value of Documented Trade £44,625

Commentary

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

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

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

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

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

This company trades in an industry with a moderate level of corporate failures.

CCJ

Total Number of Exact CCJs -	0	Total Value of Exact CCJs -
Total Number of Possible CCJs -	0	Total Value of Possible CCJs -
Total Number of Satisfied CCJs -	0	Total Value of Satisfied CCJs -
Total Number of Writs -	-

Total Current Directors	4
Total Current Secretaries	0
Total Previous Directors / Company Secretaries	14

Current Directors

Name	Richard John Hargreaves	Date of Birth	21/05/1968
Officers Title	Mr	Nationality	British
Present Appointments	5	Function	Director
Appointment Date	11/05/2011
Address	Unit F2 Pittman Way, Preston North Employment, Industrial Estate, Fulwood, Preston, PR2 9ZD

Name	Robert Jason Kenworthy	Date of Birth	29/12/1969
Officers Title	Mr	Nationality	British
Present Appointments	9	Function	Director
Appointment Date	05/01/1992
Address	Unit F2 Pittman Way, Preston North Employment, Industrial Estate, Fulwood, Preston, PR2 9ZD

Name	Neil Anderson	Date of Birth	24/07/1963
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	03/12/2012
Address	Unit F2 Pittman Way, Preston North Employment, Industrial Estate, Fulwood, Preston, PR2 9ZD

Name	Jonathan Edward Pink	Date of Birth	18/03/1982
Officers Title	Mr	Nationality	British
Present Appointments	4	Function	Director
Appointment Date	22/03/2013
Address	Unit F2 Pittman Way, Preston North Employment, Industrial Estate, Fulwood, Preston, PR2 9ZD

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
SMD HOLDINGS LTD	GBP	200,000	ORDINARY	1	100

Profit & Loss

	Date Of Accounts	30/09/14	(%)	30/09/13	(%)	30/09/12	(%)	30/09/11	(%)	30/09/10
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Turnover	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Cost of Sales	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Gross Profit	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Wages & Salaries	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Directors Emoluments	-	-	-	-	-	-	£210,593	19.7%	£176,007
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Operating Profit	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Depreciation	£142,318	12.2%	£126,846	-3.7%	£131,721	-7.1%	£141,837	0.7%	£140,855
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Audit Fees	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Interest Payments	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Pre Tax Profit	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Taxation	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Profit After Tax	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	30/09/14	(%)	30/09/13	(%)	30/09/12	(%)	30/09/11	(%)	30/09/10
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Tangible Assets	£2,303,929	-4%	£2,399,400	20.7%	£1,988,135	-4%	£2,070,137	-2%	£2,112,101
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Total Fixed Assets	£2,303,929	-4%	£2,399,400	20.7%	£1,988,135	-4%	£2,070,137	-2%	£2,112,101
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Stock	£2,208,650	8.4%	£2,037,266	128.3%	£892,410	-25.2%	£1,193,675	3.3%	£1,155,419
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Trade Debtors	£3,204,655	2.7%	£3,121,593	16.2%	£2,685,310	4.4%	£2,572,769	-9.9%	£2,856,972
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Cash	£3,248	-79%	£15,485	-96.2%	£403,258	475.9%	£70,017	999.9%	£2,297
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Other Debtors	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Total Current Assets	£5,416,553	4.7%	£5,174,344	30%	£3,980,978	3.8%	£3,836,461	-4.4%	£4,014,688
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Trade Creditors	£2,626,560	6%	£2,477,355	107%	£1,197,076	-1.5%	£1,215,652	-15.5%	£1,438,739
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Other Short Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Total Current Liabilities	£2,626,560	6%	£2,477,355	107%	£1,197,076	-1.5%	£1,215,652	-15.5%	£1,438,739
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	£151,984	-10.7%	£170,198	6.9%	£159,223	-8.8%	£174,671	4.1%	£167,780
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Total Long Term Liabilities	£151,984	-10.7%	£170,198	6.9%	£159,223	-8.8%	£174,671	4.1%	£167,780

Capital & Reserves

	Date Of Accounts	30/09/14	(%)	30/09/13	(%)	30/09/12	(%)	30/09/11	(%)	30/09/10
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Called Up Share Capital	£551,145	-	£551,145	-	£551,145	-	£551,145	-	£551,145
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	P & L Account Reserve	£3,242,354	1.2%	£3,203,478	-2.5%	£3,284,812	3.1%	£3,187,383	0%	£3,188,883
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Revaluation Reserve	£1,130,717	-2%	£1,153,793	52.1%	£758,525	-0.4%	£761,760	-0.5%	£765,761
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Sundry Reserves	£17,722	-0.3%	£17,775	-3%	£18,332	14.7%	£15,987	10.4%	£14,481
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Shareholder Funds	£4,941,938	0.3%	£4,926,191	6.8%	£4,612,814	2.1%	£4,516,275	-0.1%	£4,520,270

Other Financial Items

	Date Of Accounts	30/09/14	(%)	30/09/13	(%)	30/09/12	(%)	30/09/11	(%)	30/09/10
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Net Worth	£4,941,938	0.3%	£4,926,191	6.8%	£4,612,814	2.1%	£4,516,275	-0.1%	£4,520,270
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Working Capital	£2,789,993	3.4%	£2,696,989	-3.1%	£2,783,902	6.2%	£2,620,809	1.7%	£2,575,949
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Total Assets	£7,720,482	1.9%	£7,573,744	26.9%	£5,969,113	1.1%	£5,906,598	-3.6%	£6,126,789
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Total Liabilities	£2,778,544	4.9%	£2,647,553	95.2%	£1,356,299	-2.4%	£1,390,323	-13.5%	£1,606,519
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Net Assets	£4,941,938	0.3%	£4,926,191	6.8%	£4,612,814	2.1%	£4,516,275	-0.1%	£4,520,270

Cash Flow

	Date Of Accounts	30/09/14	(%)	30/09/13	(%)	30/09/12	(%)	30/09/11	(%)	30/09/10
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	30/09/14	(%)	30/09/13	(%)	30/09/12	(%)	30/09/11	(%)	30/09/10
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Capital Employed	£5,093,922	0%	£5,096,389	6.8%	£4,772,037	1.7%	£4,690,946	0.1%	£4,688,050
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Number of Employees	-	-	-	-	-	-	-	-	-
	Auditors	HURST & CO ACCOUNTANTS LLP
	Auditor Comments	The audit report contains no adverse comments
	Bankers	BARCLAYS BANK PLC
	Bank Branch Code	20-69-85

Ratios

	Date Of Accounts	30/09/14	30/09/13	30/09/12	30/09/11	30/09/10
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Pre-tax profit margin %	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Current ratio	2.06	2.09	3.33	3.16	2.79
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Sales/Net Working Capital	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Gearing %	3.10	3.50	3.50	3.90	3.70
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Equity in %	64	65	77.30	76.50	73.80
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Creditor Days	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Debtor Days	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Liquidity/Acid Test	1.22	1.26	2.58	2.17	1.98
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Return On Capital Employed %	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Return On Total Assets Employed %	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Current Debt Ratio	0.53	0.50	0.25	0.26	0.31
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Total Debt Ratio	0.56	0.53	0.29	0.30	0.35
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\barchart-grey.png$	Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

*Event History

Date	Description
11/06/2015	Ms L.J. Wenk has left the board
28/02/2015	New Accounts Filed
15/01/2015	Annual Returns
20/05/2014	New Accounts Filed
06/12/2013	Annual Returns
04/12/2013	Mr D. Lawrenson has left the board
16/07/2013	New Accounts Filed
02/05/2013	New Board Member Mr J.E. Pink appointed
19/12/2012	New Board Member Mr N. Anderson appointed
10/12/2012	Annual Returns
21/06/2012	New Accounts Filed
30/01/2012	New Board Member Mr D. Lawrenson appointed
10/01/2012	Ms D.M. Woods has left the board
10/01/2012	Mr C.C. Lauder has left the board
07/12/2011	Annual Returns

Previous Company Names

No Previous Names found

Writ Details

No writs found

Statistics

Group	7 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	SMD (HOLDINGS) LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	SMD (HOLDINGS) LIMITED

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\tminus.gif$ SMD (HOLDINGS) LIMITED	04594575	30.09.2014	Y	£20,337,260
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\T.gif$ S M D TEXTILES LIMITED	02112669	30.09.2014	N
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\T.gif$ WOODS AND WATKINS LTD	04664708	30.09.2014	N
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\T.gif$ SMD (CONTRACTS) LIMITED	05595613	30.09.2014	N
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\T.gif$ ASIA HOME FURNISHINGS...	05987402	30.09.2014	N
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\T.gif$ ADVANCE TEXTILE PRODUC...	05115208	30.09.2014	N
$Description: \\VIVEK\Foreign Report Raw2\S M D TEXTILES LIMITED_files\L.gif$ S.M.D. HOME LIMITED	01456976	30.09.2014	N	£11,425,463

Mortgage Details

Mortgage Type:	COMPOSITE GUARANTEE AND MORTGAGE DEBENTURE
Date Charge Created:	30/01/03
Date Charge Registered:	05/02/03
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 ON ANY ACCOUNT WHATSOEVERUNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	F/H PROPERTY UNIT F2, PITTMAN WAY, PRESTON NORTH EMPLOYMENT INDUSTRIAL ESTATE, FULWOOD, PRESTON, LANCASHIRE T/N LA648909 FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	DEBENTURE
Date Charge Created:	08/03/99
Date Charge Registered:	18/03/99
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 ON ANY ACCOUNT WHATSOEVER
Details:	. FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	FIXED CHARGE ON PURCHASED DEBTS THAT FAIL TO VEST
Date Charge Created:	27/05/97
Date Charge Registered:	29/05/97
Date Charge Satisfied:	02/07/99
Status:	SATISFIED
Person(s) Entitled:	GRIFFIN CREDIT SERVICES LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE WHETHER ARISINGUNDER AN AGREEMENT FOR THE PURCHASE OF DEBTS ("THE AGREEMENT") OR OTHERWISE
Details:	FIXED EQUITABLE CHARGE: ALL RECEIVABLES(AS DEFINED IN THE AGREEMENT) PURCHASEDOR PURPORTED TO BE PURCHASED BY THE CHARGEE PURSUANT TO THE AGREEMENT WHICH FAIL TO VEST EFFECTIVELY AND ABSOLUTELY IN THECHARGEE FOR ANY REASON AND ALL TITLEPROPERTY RIGHT OR INTEREST IN ANY GOODSTO WHICH THE FACTORED RECEIVABLES RELATE
Mortgage Type:	GROUP CROSS - GUARANTEE INDEMNITY AND
Date Charge Created:	14/11/90
Date Charge Registered:	26/11/90
Date Charge Satisfied:	17/11/99
Status:	SATISFIED
Person(s) Entitled:	BANCO DE SALVADELL S.A.
Amount Secured:	ALL MONIES DUE OR TO BE COME DUE FROM THE COMPANY AND/OR CONTINUITY TEXTILES LIMTED TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER.
Details:	THE PROPERTY KNOWN AS 2.537 ACRES OF LAND SITUATE AT THE PRESTON NORTH EMPLOYMENT AREA FULWOOD PRESTON PR2 4ZD REGISTERED UNDER TITLE NUMBERS LA550690 LA396831AND LA396832SEE DOC M122 FOR FURTHER DETAILS. A SPECIFIC EQUITABLE CHARGE OVER ALL FREEHOLD AND LEASEHOLD PROPERTIES AND/OR THE PROCEEDS OF SALE THEREOF FIXED AND FLOATING CHARGES OVER UNDERTAKING AND ALLPROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS AND THE BENEFITS OF ANY LICENCES

Mortgage Type:	LEGAL MORTGAGE
Date Charge Created:	30/04/90
Date Charge Registered:	03/05/90
Date Charge Satisfied:	28/12/90
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	2.537 ACRES OF LAND SITUATE AT THE PRESTON NORTH EMPLOYMENT AREA FULWOOD PRESTON AND K/AS UNIT 32 (SITE F2) LANCASHIRE.TITLE NOS. LA550690,LA396831,AND LA396832 AND THE PROCEEDS OF SALE THEREOF FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT
Mortgage Type:	OVER BUILDING AGREEMENT CHARGE
Date Charge Created:	01/09/89
Date Charge Registered:	19/09/89
Date Charge Satisfied:	28/12/90
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	AN ASSIGNMENT OF ALL THE COMPANY\S BENEFIT OF THE BUILDING AGREEMENT REFERED TOOVERLEAF RELATING TOPROPERTY CONSISTING OF 2.537 ACRES OF LAND SITUATE AT PRESTON NORTH EMPLOYMENT AREA FULLWOOD PRESTONTITLE NOS. LA396831 LA396832 ANLA550690 TOGETHER WITH A FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT

Mortgage Type:	MORTGAGE DEBENTURE
Date Charge Created:	20/07/88
Date Charge Registered:	25/07/88
Date Charge Satisfied:	28/12/90
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	A SPECIFIC EQUITABLE CHARGE OVER ALL FREEHOLD AND LEASEHOLD PROPERTIES AND/OR THE PROCEEDS OF SALE THEREOF FIXED AND FLOATING CHARGES OVER UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS AND THE BENEFITS OF ANY LICENCES

Trade Debtors / Bad Debt Detail

	Total Number of Documented Trade	Total Value of Documented Trade
Trade Debtors	14	£44,625

Company Name	Amount	Statement Date
Mooreway's Retail Ltd	£11,605	12/08/2013
T.F. Home Limited	£9,060	25/06/2014
James Harforth Limited	£8,674	11/11/2011
Quayside Property Corporation Limited	£2,920	15/08/2014
Online Curtain Fabrics Ltd	£2,811	10/02/2015
Manor House Upholstery Limited	£2,409	19/03/2013
Chapmans Curtains And Covers Limited	£2,281	28/01/2015
D S K Limited	£2,225	16/05/2013
Mill House Fabrics Limited	£818	26/10/2012
Komfort Zone UK Limited	£633	23/04/2014
Sabih Nashat Contracts Limited	£447	30/03/2012
Heyes And Whelan Contract Furniture Ltd	£363	09/04/2013
Brendas Of Bridlington Limited	£201	24/02/2012
Abbey Furniture Ltd	£178	19/03/2012

Previous Director/Company Secretaries

Name		Current Directorships	Previous Directorships
John Houlton		12	18
John Houlton		12	18
Mary Patricia Monllor		0	5
Mary Patricia Monllor		0	5
Augustin Carlos Gras - Pahissa		0	1
Jose Puignero - Sargatal		0	2
Michael Christopher Conboye		6	3
Salvador Monllor		0	3
Roberto Monllor Domenech		0	1
Craig Campbell Lauder		0	6
Deborah Maureen Woods		0	6
Geoff Philip Woodall		0	6
Laura Jane Wenk		0	6
David Lawrenson		0	4
Average Invoice Value	Ł491.74
Invoices available	59
Paid	57
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	7	13	5	1	31
Outstanding	1	0	0	0	1

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.64
UK Pound	1	Rs.100.41
Euro	1	Rs.71.63

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.