MIRA INFORM REPORT

Report No. :	319540
Report Date :	16.05.2015

IDENTIFICATION DETAILS

Name :	BESPOKE DEVELOPMENT SOLUTIONS LTD

Registered Office :	10 Sextant Park, Neptune Close, Medway City Estate, Rochester Me2 4lu

Country :	United Kingdom

Financials (as on) :	31.10.2013

Date of Incorporation :	09.11.2010

Com. Reg. No.:	07434490

Legal Form :	Private Limited With Share Capital

Line of Business :	Manufacture of Wire Products, Chain and Springs

No. of Employee :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Slow
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

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 & address

Company Name: BESPOKE DEVELOPMENT SOLUTIONS LTD

Company No: 07434490

Company Status: Active - Accounts Filed

Registered Address: 10 SEXTANT PARK, NEPTUNE CLOSE MEDWAY CITY ESTATE ROCHESTER ME2 4LU

Company Summary

Registered Address 10 SEXTANT PARK, NEPTUNE CLOSE
MEDWAY CITY ESTATE
ROCHESTER
ME2 4LU

Trading Address

Unit 10
Sextant Park, Neptune Close
Medway City Estate
Rochester, Kent
ME2 4LU

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

Telephone Number -

Fax Number -

TPS -

FPS No

Incorporation Date 09/11/2010

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 22/05/2014

Currency GBP

Share Capital £3

SIC07 25930

Charity Number -

SIC07 Description MANUFACTURE OF WIRE PRODUCTS, CHAIN AND SPRINGS

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

31/10/2013 - - -£12,148 -

31/10/2012 - - -£33,047 -

31/10/2011 - - - -

Mortgage Summary

Total Mortgage 0

Outstanding 0

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 Small company in respect of the rating/limit generated.
The latest Balance Sheet indicates a negative net working capital position.
The negative debt/equity ratio indicates a Balance Sheet deficiency funded by creditors/debt.
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 -	0	Total Value of Possible CCJs -
Total Number of Satisfied CCJs -	0	Total Value of Satisfied CCJs -
Total Number of Writs -	-

Total Current Directors	3
Total Current Secretaries	0
Total Previous Directors / Company Secretaries	0

Current Directors

Name	Simon John Ward	Date of Birth	08/10/1972
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	09/11/2010
Address	10 Sextant Park, Neptune Close Medway City Estate, Rochester, Kent, ME2 4LU

Name	Lucie Ann Farrow	Date of Birth	18/12/1967
Officers Title	Miss	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	19/04/2013
Address	52 Waterside Lane, Gillingham, Kent, ME7 2SE

Name	Christine Isabella Smith	Date of Birth	01/05/1962
Officers Title	Miss	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	19/04/2013
Address	52 Waterside Lane, Gillingham, Kent, ME7 2SE

Current Company Secretary

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
CHRISTINE ISABELLA SMITH	GBP	1	ORDINARY B	1	33.33
SIMON JOHN WARD	GBP	1	ORDINARY	1	33.33
LUCIE ANN FARROW	GBP	1	ORDINARY A	1	33.33

Financials

Profit & Loss

Date Of Accounts	31/10/13	(%)	31/10/12	(%)	31/10/11	(%)	-	(%)	-
Weeks	52	(%)	52	(%)	52	(%)	-	(%)	-
Currency	GBP	(%)	GBP	(%)	GBP	(%)	-	(%)	-
Consolidated A/cs	N	(%)	N	(%)	N	(%)	-	(%)	-
Turnover	-	-	-	-	-	-	-	-	-
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-
Wages & Salaries	-	-	-	-	-	-	-	-	-
Directors Emoluments	-	-	-	-	-	-	-	-	-
Operating Profit	-	-	-	-	-	-	-	-	-
Depreciation	£21,316	65.4%	£12,889	-	-	-	-	-	-
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	-	-	-
Taxation	-	-	-	-	-	-	-	-	-
Profit After Tax	-	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

Date Of Accounts	31/10/13	(%)	31/10/12	(%)	31/10/11	(%)	-	(%)	-
Tangible Assets	£63,946	65.4%	£38,667	-	0	-	-	-	-
Intangible Assets	0	-	0	-	0	-	-	-	-
Total Fixed Assets	£63,946	65.4%	£38,667	-	0	-	-	-	-
Stock	£15,200	301.4%	£3,787	-	0	-	-	-	-
Trade Debtors	£40,770	229.6%	£12,369	-	0	-	-	-	-
Cash	£1,434	85.5%	£773	-	0	-	-	-	-
Other Debtors	0	-	0	-	0	-	-	-	-
Miscellaneous Current Assets	0	-	0	-	0	-	-	-	-
Total Current Assets	£57,404	239.1%	£16,929	-	0	-	-	-	-
Trade Creditors	£107,981	21.8%	£88,643	-	0	-	-	-	-
Bank Loans & Overdrafts	0	-	0	-	0	-	-	-	-
Other Short Term Finance	0	-	0	-	0	-	-	-	-
Miscellaneous Current Liabilities	0	-	0	-	0	-	-	-	-
Total Current Liabilities	£107,981	21.8%	£88,643	-	0	-	-	-	-
Bank Loans & Overdrafts and LTL	£25,517	-	0	-	0	-	-	-	-
Other Long Term Finance	0	-	0	-	0	-	-	-	-
Total Long Term Liabilities	£25,517	-	0	-	0	-	-	-	-

Capital & Reserves

Date Of Accounts	31/10/13	(%)	31/10/12	(%)	31/10/11	(%)	-	(%)	-
Called Up Share Capital	£3	200%	£1	-	-	-	-	-	-
P & L Account Reserve	-£12,151	63.2%	-£33,048	-	-	-	-	-	-
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	-£12,148	63.2%	-£33,047	-	-	-	-	-	-

Other Financial Items

Date Of Accounts	31/10/13	(%)	31/10/12	(%)	31/10/11	(%)	-	(%)	-
Net Worth	-£12,148	63.2%	-£33,047	-	-	-	-	-	-
Working Capital	-£50,577	29.5%	-£71,714	-	-	-	-	-	-
Total Assets	£121,350	118.3%	£55,596	-	-	-	-	-	-
Total Liabilities	£133,498	50.6%	£88,643	-	-	-	-	-	-
Net Assets	-£12,148	63.2%	-£33,047	-	-	-	-	-	-

Cash Flow

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

Miscellaneous

Date Of Accounts	31/10/13	(%)	31/10/12	(%)	31/10/11	(%)	-	(%)	-
Contingent Liability	NO	-	NO	-	NO	-	-	-	-
Capital Employed	£13,369	140.5%	-£33,047	-	-	-	-	-	-
Number of Employees	-	-	-	-	-	-	-	-	-
Auditors
Auditor Comments	The company is exempt from audit
Bankers
Bank Branch Code

Ratios

Date Of Accounts	31/10/13	31/10/12	31/10/11	-	-
Pre-tax profit margin %	-	-	-	-	-
Current ratio	0.53	0.19	-	-	-
Sales/Net Working Capital	-	-	-	-	-
Gearing %	-210.10	0	0	-	-
Equity in %	-10	-59.40	-	-	-
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	0.39	0.14	-	-	-
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	-8.88	-2.68	-	-	-
Total Debt Ratio	-10.98	-2.68	-	-	-
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
23/11/2014	Annual Returns
27/05/2014	New Accounts Filed
27/05/2014	New Accounts Filed
07/12/2013	Annual Returns
20/07/2013	New Accounts Filed
21/06/2013	Change in Reg.Office
21/06/2013	Change of Company Postcode
13/06/2013	New Board Member Miss C.I. Smith appointed
13/06/2013	New Board Member Miss L.A. Farrow appointed
04/12/2012	Annual Returns
14/12/2011	New Accounts Filed
13/12/2011	Annual Returns
11/11/2010	New Board Member Mr S.J. Ward appointed

Previous Company Names

No Previous Names found

Writ Details

No writs found

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group Structure Full

No Group Structure

Previous Director/Company Secretaries

No Previous Director Details
Average Invoice Value	Ł86.94
Invoices available	9
Paid	9
Outstanding	0

	Within Terms	0-30 Days	31-60 Days	61-90 Days	91+ Days
Paid	3	6	0	0	0
Outstanding	0	0	0	0	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.58
UK Pound	1	Rs.100.30
Euro	1	Rs.72.38

INFORMATION DETAILS

Analysis Done by :	KAR

Report Prepared by :	SDA

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.