MIRA INFORM REPORT

Report No. :	348763
Report Date :	09.11.2015

IDENTIFICATION DETAILS

Name :	NORTRADE FOODS LIMITED

Formerly Known As :	ALBANFIELD LIMITED

Registered Office :	Cranbrook Road Gills Green Hawkhurst Kent TN18 5BD

Country :	United Kingdom

Financials (as on) :	31.12.2014

Date of Incorporation :	27.05.1983

Com. Reg. No.:	01727161

Legal Form :	Private Limited with Share Capital

Line of Business :	· Wholesale of Other Food, Including Fish, Crustaceans and Molluscs · The distribution of frozen food products.

No. of Employees :	22

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 – 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 has been a net importer of energy since 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 6.0% in 2014.

In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.7% and in 2014, 2.6%, accelerating unexpectedly because of greater consumer spending and a recovering housing market.

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).

Source : CIA

Company Name and Address

Company Name: NORTRADE FOODS LIMITED

Company No: 01727161

Company Status: Active - Accounts Filed

Registered Address: CRANBROOK ROAD GILLS GREEN HAWKHURST KENT TN18 5BD

Company Summary

Registered Address CRANBROOK ROAD GILLS GREEN, HAWKHURST, KENT TN18 5BD

Trading Address Cranbrook Road Gills Green, Hawkhurst, Kent, TN18 5BD

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

Telephone Number 01580752878

Fax Number 01580752770

TPS No

FPS Yes

Incorporation Date 27/05/1983

Previous Name ALBANFIELD LIMITED

Type Private limited with Share Capital

FTSE Index -

Date of Change 21/06/1983

Filing Date of Accounts 08/05/2015

Currency GBP

Share Capital £3,000

SIC07 46380

Charity Number -

SIC07 Description WHOLESALE OF OTHER FOOD, INCLUDING FISH, CRUSTACEANS

AND MOLLUSCS

Principal Activity The distribution of frozen food products.

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

31/12/2014 £34,921,516 £469,068 £3,517,861 22

31/12/2013 £32,512,479 £630,205 £3,151,679 22

31/12/2012 £31,350,763 £316,606 £2,670,123 23

Mortgage Summary

Total Mortgage 3

Outstanding 2

Satisfied 1

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 2

Total Value of Documented Trade £4,927

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 relatively efficient use of assets.
This company's ratio of total liabilities to total assets indicates the presence of moderate equity funding.
This company's bank loans and overdrafts (less cash) account for a high 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 -	-

Total Current Directors	3
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	3

Current Directors

Name	Jacqueline Anne Greig	Date of Birth	04/06/1956
Officers Title	Mrs	Nationality	British
Present Appointments	10	Function	Director
Appointment Date	31/10/1991
Address	Cranbrook Road Gills Green, Hawkhurst, Kent, TN18 5BD

Name	John Gordon Greig	Date of Birth	15/02/1957
Officers Title	Mr	Nationality	British
Present Appointments	7	Function	Director
Appointment Date	31/10/1991
Address	Southering, Bugsell Mill Lane, Hurst Green, East Sussex, TN19 7QJ

Name	Robert Willis Greig	Date of Birth	17/12/1976
Officers Title	Mr	Nationality	British
Present Appointments	4	Function	Director
Appointment Date	01/01/2007
Address	Cranbrook Road Gills Green, Hawkhurst, Kent, TN18 5BD

Current Company Secretary

Name	Jacqueline Anne Greig	Date of Birth	04/06/1956
Officers Title	Mrs	Nationality	British
Present Appointments	10	Function	Company Secretary
Appointment Date	31/10/1991
Address	Southering, Bugsell Mill Lane, Hurst Green, East Sussex, TN19 7QJ

Total Current Directors	3
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	3

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
AUSCOT HOLDINGS LTD	GBP	2,999	ORDINARY	1	99.97
JOHN GORDON GREIG	GBP	1	ORDINARY	1	0.03

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	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Turnover	£34,921,516	7.4%	£32,512,479	3.7%	£31,350,763	-9.6%	£34,676,342	11.6%	£31,085,185
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Export	£3,777,814	-3.3%	£3,905,831	-10.7%	£4,376,244	6.9%	£4,092,973	20.6%	£3,394,132
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Cost of Sales	£32,008,398	8.3%	£29,563,719	2.3%	£28,910,826	-9.2%	£31,847,361	12.2%	£28,375,165
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Gross Profit	£2,913,118	-1.2%	£2,948,760	20.9%	£2,439,937	-13.8%	£2,828,981	4.4%	£2,710,020
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Wages & Salaries	£699,202	8.5%	£644,661	-5%	£678,332	11.4%	£608,686	11.5%	£546,122
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Directors Emoluments	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Operating Profit	£587,301	-21.8%	£750,900	67.6%	£448,092	-45.1%	£815,892	-0.9%	£823,221
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Depreciation	£47,324	22.1%	£38,749	2%	£37,980	-0.9%	£38,319	0.4%	£38,173
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Audit Fees	£9,900	-	£9,900	-	£9,900	5.6%	£9,375	-6.3%	£10,000
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Interest Payments	£118,413	-1.9%	£120,759	-8.5%	£131,984	-2.9%	£135,967	32%	£102,991
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Pre Tax Profit	£469,068	-25.6%	£630,205	99.1%	£316,606	-53.4%	£679,925	-5.6%	£720,230
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Taxation	-£102,886	30.8%	-£148,649	-84.5%	-£80,575	54.6%	-£177,332	11.7%	-£200,789
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Profit After Tax	£366,182	-24%	£481,556	104%	£236,031	-53%	£502,593	-3.2%	£519,441
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-100%	£100,000	-80%	£500,000
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Retained Profit	£366,182	-24%	£481,556	104%	£236,031	-41.4%	£402,593	999.9%	£19,441

Balance Sheet

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Tangible Assets	£436,356	-6.1%	£464,810	6.9%	£434,858	-8%	£472,838	-7.3%	£510,258
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Intangible Assets	£1,510	29.1%	£1,170	-	£1,170	41%	£830	-	£830
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Total Fixed Assets	£437,866	-6%	£465,980	6.9%	£436,028	-7.9%	£473,668	-7.3%	£511,088
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Stock	£8,285,508	-1.1%	£8,380,316	19.3%	£7,025,831	-15.5%	£8,315,732	35%	£6,160,392
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Trade Debtors	£5,167,258	2.4%	£5,048,286	-1.2%	£5,110,865	-10.1%	£5,685,958	7.3%	£5,299,801
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Cash	£124,401	-53.8%	£269,536	-61%	£691,467	0.6%	£687,074	-37.9%	£1,105,721
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Other Debtors	£312,611	4.6%	£298,938	-15.6%	£354,316	-2.2%	£362,113	49.4%	£242,299
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Total Current Assets	£13,889,778	-0.8%	£13,997,076	6.2%	£13,182,479	-12.4%	£15,050,877	17.5%	£12,808,213
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Trade Creditors	£4,218,711	-4.8%	£4,431,693	3.2%	£4,294,397	-16.6%	£5,148,819	19.9%	£4,295,249
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts	£4,485,744	-3%	£4,624,841	3.1%	£4,487,848	-19.6%	£5,582,632	24.3%	£4,489,772
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Other Short Term Finance	£270,384	-16.6%	£324,392	-12%	£368,719	-10.6%	£412,479	-80.3%	£2,096,158
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Miscellaneous Current Liabilities	£261,296	-25.1%	£349,092	59.4%	£218,980	-38.8%	£358,047	15.4%	£310,142
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Total Current Liabilities	£9,236,135	-5.1%	£9,730,018	3.8%	£9,369,944	-18.5%	£11,501,977	2.8%	£11,191,321
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	£6,059,392	-2.4%	£6,206,200	2.3%	£6,066,288	-15.4%	£7,171,108	56.4%	£4,586,253
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Other Long Term Finance	£1,500,000	-	£1,500,000	-	£1,500,000	-	£1,500,000	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Total Long Term Liabilities	£1,573,648	-0.5%	£1,581,359	0.2%	£1,578,440	-0.6%	£1,588,476	999.9%	£96,481

Capital & Reserves

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Called Up Share Capital	£3,000	-	£3,000	-	£3,000	-	£3,000	-	£3,000
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	P & L Account Reserve	£3,514,861	11.6%	£3,148,679	18.1%	£2,667,123	9.7%	£2,431,092	19.8%	£2,028,499
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Sundry Reserves	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Shareholder Funds	£3,517,861	11.6%	£3,151,679	18%	£2,670,123	9.7%	£2,434,092	19.8%	£2,031,499

Other Financial Items

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Net Worth	£3,516,351	11.6%	£3,150,509	18%	£2,668,953	9.7%	£2,433,262	19.8%	£2,030,669
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Working Capital	£4,653,643	9.1%	£4,267,058	11.9%	£3,812,535	7.4%	£3,548,900	119.5%	£1,616,892
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Total Assets	£14,327,644	-0.9%	£14,463,056	6.2%	£13,618,507	-12.3%	£15,524,545	16.6%	£13,319,301
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Total Liabilities	£10,809,783	-4.4%	£11,311,377	3.3%	£10,948,384	-16.4%	£13,090,453	16%	£11,287,802
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Net Assets	£3,517,861	11.6%	£3,151,679	18%	£2,670,123	9.7%	£2,434,092	19.8%	£2,031,499

Cash Flow

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Net Cashflow from Operations	-	-	-	-	-	-	-	-	£167,443
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Net Cashflow before Financing	-	-	-	-	-	-	-	100%	-£735,931
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Increase in Cash	-	-	-	-	-	-	-	-	-£735,931

Miscellaneous

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
	Contingent Liability	YES	-	YES	-	NO	-	NO	-	NO
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Capital Employed	£5,091,509	7.6%	£4,733,038	11.4%	£4,248,563	5.6%	£4,022,568	89%	£2,127,980
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Number of Employees	22	-	22	-4.3%	23	-	23	15%	20
	Accountants
	Auditors	BREBNERS
	Auditor Comments	The audit report contains no adverse comments
	Bankers	THE ROYAL BANK OF SCOTLAND PLC
	Bank Branch Code	15-10-00

Ratios

	Date Of Accounts	31/12/14	31/12/13	31/12/12	31/12/11	31/12/10
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Pre-tax profit margin %	1.34	1.94	1.01	1.96	2.32
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Current ratio	1.50	1.44	1.41	1.31	1.14
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Sales/Net Working Capital	7.50	7.62	8.22	9.77	19.23
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Gearing %	172.20	196.90	227.20	294.60	225.80
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Equity in %	24.60	21.80	19.60	15.70	15.30
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Creditor Days	43.97	49.61	49.86	54.04	50.29
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Debtor Days	53.86	56.51	59.34	59.68	62.05
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Liquidity/Acid Test	0.60	0.57	0.65	0.58	0.59
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Return On Capital Employed %	9.21	13.31	7.45	16.90	33.84
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Return On Total Assets Employed %	3.27	4.35	2.32	4.37	5.40
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Current Debt Ratio	2.62	3.08	3.50	4.72	5.50
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Total Debt Ratio	3.07	3.58	4.10	5.37	5.55
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Stock Turnover Ratio %	23.72	25.77	22.41	23.98	19.81
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\barchart-grey.png$	Return on Net Assets Employed %	13.33	19.99	11.85	27.93	35.45

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
26/05/2015	New Accounts Filed
26/05/2015	New Accounts Filed
15/11/2014	Annual Returns
30/04/2014	New Accounts Filed
06/12/2013	Annual Returns
14/05/2013	New Accounts Filed
17/11/2012	Annual Returns
07/05/2012	New Accounts Filed
07/05/2012	New Accounts Filed
02/12/2011	Annual Returns
19/04/2011	New Accounts Filed
19/04/2011	New Accounts Filed
28/01/2011	Annual Returns
18/05/2010	New Accounts Filed
18/05/2010	New Accounts Filed

Previous Company Names

Date	Previous Name
21/06/1983	ALBANFIELD LIMITED

Writ Details

No writs found

Statistics

Group	5 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	AUSCOT HOLDINGS LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	AUSCOT HOLDINGS LIMITED

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\tminus.gif$ AUSCOT HOLDINGS LIMITED	02145699	31.12.2014	Y	£34,921,516
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\T.gif$ AUSCOT LIMITED	01169549	31.12.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\T.gif$ NORTRADE FOODS LIMITED	01727161	31.12.2014	N	£34,921,516
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\T.gif$ NORTRADE TRADING LIMITED	02130829	31.12.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\NORTRADE FOODS LIMITED_files\L.gif$ POLARSTAR SEAFOODS LIM...	01820424	31.12.2014	N

Mortgage Details

Mortgage Type:	FIXED AND FLOATING CHARGE
Date Charge Created:	14/12/01
Date Charge Registered:	29/12/01
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	THE ROYAL BANK OF SCOTLAND COMMERCIAL SERVICES LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER AND UNDERTHE FINANCING AGREEMENT
Details:	FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	DEBENTURE
Date Charge Created:	07/12/93
Date Charge Registered:	10/12/93
Date Charge Satisfied:	16/07/04
Status:	SATISFIED
Person(s) Entitled:	TSB COMMERCIAL FINANCE LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ALL BOOK AND OTHER DEBTS OWED THE COMPANY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	DEBENTURE
Date Charge Created:	03/04/86
Date Charge Registered:	08/04/86
Date Charge Satisfied:	-
Status:	OUTSTANDING
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:	FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL FIXTURES & FITTINGS FIXED PLANT AND MACHINERY FIXTURES,EQUIPMENT IMPLEMENTS & UTENSILS.

Previous Director/Company Secretaries

Name		Current Directorships	Previous Directorships
Willis Gordon Greig		1	5
Philip John Styles		0	1
Malcolm John Bradshaw		0	5
Average Invoice Value	Ł581.67
Invoices available	3
Paid	3
Outstanding	0

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	1	2	0	0	0
Outstanding	0	0	0	0	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.65.79
UK Pound	1	Rs.99.95
Euro	1	Rs.71.55

INFORMATION DETAILS

Analysis Done by :	KAS

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.