MIRA INFORM REPORT

Report No. :	350367
Report Date :	18.11.2015

IDENTIFICATION DETAILS

Name :	EYE TECHNOLOGY LIMITED

Registered Office :	19 Totman Crescentrayleighessexss6 7UY

Country :	United Kingdom

Financials (as on) :	31.12.2013

Date of Incorporation :	20.09.1995

Com. Reg. No.:	03104397

Legal Form :	Private limited with Share Capital

Line of Business :	Manufacture of medical and dental instruments and supplies Manufacture medical, orthopaedic etc equipment

No. of Employee :	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 :	Unknown

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

EYE TECHNOLOGY LIMITED

Company No

03104397

Registered Address

19 TOTMAN CRESCENTRAYLEIGHESSEXSS6 7UY

Company Summary

Registered Address

19 TOTMAN CRESCENT
RAYLEIGH
ESSEX
SS6 7UY

Trading Address

19 Totman Crescent
Rayleigh
Essex
SS6 7UY

Website Address http://www.eye-tech.co.uk

Telephone Number 01268771949

Fax Number

TPS No

FPS No

Incorporation Date 20/09/1995

Previous Name

Type Private limited with Share Capital

FTSE Index -

Date of Change-

Filing Date of Accounts 30/08/2014

Currency GBP

Share Capital £100

SIC07 32500

Charity Number -

SIC07 Description MANUFACTURE OF MEDICAL AND DENTAL INSTRUMENTS AND SUPPLIES

Principal Activity Manufacture medical, orthopaedic etc equipment.

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

31/12/2013 - - £1,479,932 -

31/12/2012 - - £1,270,978 -

31/12/2011 - - £1,025,841 -

Mortgage Summary

Total Mortgage 4

Outstanding 1

Satisfied 3

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 0

Total Value of Documented Trade £0

COMMENTARY

No comments to display

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	2
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	8

Current Directors

Name	Theodoor Johannes Sonnenberg	Date of Birth	13/02/1964
Officers Title	Mr	Nationality	Dutch
Present Appointments	2	Function	Director
Appointment Date	27/07/2009
Address	Burgemeester Van Oerslaan 6, Oosterhout, 1904 Ll

Name	Ilze Timmers	Date of Birth	05/08/1978
Officers Title	Mrs	Nationality	Dutch
Present Appointments	2	Function	Director
Appointment Date	27/07/2009
Address	Schoolstraat 32, Oude Tonge, 3255 Av

Current Company Secretary

Name	Pieter Schuller	Date of Birth	-
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Company Secretary
Appointment Date	01/01/2007
Address	Groenendijk 38, 4926 Rg Lage Zwaluwe

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
MEDICAL INSTRUMENTS DESIGN (MID) INTERNATIONAL BV	GBP	100	ORDINARY	1	100

Financials

Profit & Loss

Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
Turnover	-	-	-	-	-	-	-	-	-
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-
Wages & Salaries	-	-	-	-	-	-	-	-	-
Directors Emoluments	-	-	-	-	-	-	-	-	-
Operating Profit	-	-	-	-	-	-	-	-	-
Depreciation	£7,685	0.7%	£7,631	-16.9%	£9,181	-26.3%	£12,462	2.1%	£12,203
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	-	-	-
Taxation	-	-	-	-	-	-	-	-	-
Profit After Tax	-	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
Tangible Assets	£169,657	-4.3%	£177,342	-3.3%	£183,357	-2.7%	£188,404	-6.2%	£200,866
Intangible Assets	0	-	0	-	0	-	0	-	0
Total Fixed Assets	£169,657	-4.3%	£177,342	-3.3%	£183,357	-2.7%	£188,404	-6.2%	£200,866
Stock	£620,817	42.9%	£434,372	9.1%	£398,185	4.4%	£381,405	-7.7%	£413,164
Trade Debtors	£748,086	62.5%	£460,497	23.9%	£371,527	27%	£292,494	-12.7%	£335,129
Cash	£567,692	21.6%	£466,984	134.9%	£198,761	-57.2%	£464,868	50.1%	£309,695
Other Debtors	0	-	0	-	0	-	0	-	0
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	£1,936,595	42.2%	£1,361,853	40.6%	£968,473	-15%	£1,138,767	7.6%	£1,057,988
Trade Creditors	£626,320	133.5%	£268,217	112.9%	£125,989	40.9%	£89,387	-46.6%	£167,330
Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
Other Short Term Finance	0	-	0	-	0	-	0	-	0
Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	0
Total Current Liabilities	£626,320	133.5%	£268,217	112.9%	£125,989	40.9%	£89,387	-46.6%	£167,330
Bank Loans & Overdrafts and LTL	0	-	0	-	0	-	0	-	0
Other Long Term Finance	0	-	0	-	0	-	0	-	0
Total Long Term Liabilities	0	-	0	-	0	-	0	-	0

Capital & Reserves

Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
Called Up Share Capital	£100	-	£100	-	£100	-	£100	-	£100
P & L Account Reserve	£1,479,832	16.4%	£1,270,878	23.9%	£1,025,741	-17.1%	£1,237,684	13.4%	£1,091,424
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	£1,479,932	16.4%	£1,270,978	23.9%	£1,025,841	-17.1%	£1,237,784	13.4%	£1,091,524

Other Financial Items

Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
Net Worth	£1,479,932	16.4%	£1,270,978	23.9%	£1,025,841	-17.1%	£1,237,784	13.4%	£1,091,524
Working Capital	£1,310,275	19.8%	£1,093,636	29.8%	£842,484	-19.7%	£1,049,380	17.8%	£890,658
Total Assets	£2,106,252	36.8%	£1,539,195	33.6%	£1,151,830	-13.2%	£1,327,171	5.4%	£1,258,854
Total Liabilities	£626,320	133.5%	£268,217	112.9%	£125,989	40.9%	£89,387	-46.6%	£167,330
Net Assets	£1,479,932	16.4%	£1,270,978	23.9%	£1,025,841	-17.1%	£1,237,784	13.4%	£1,091,524

Cash Flow

Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
Capital Employed	£1,479,932	16.4%	£1,270,978	23.9%	£1,025,841	-17.1%	£1,237,784	13.4%	£1,091,524
Number of Employees	-	-	-	-	-	-	-	-	-
Accountants
Auditors	VENTHAMS
Auditor Comments	The audit report contains no adverse comments
Bankers	HSBC BANK PLC
Bank Branch Code

Ratios

Date Of Accounts	31/12/13	31/12/12	31/12/11	31/12/10	31/12/09
Pre-tax profit margin %	-	-	-	-	-
Current ratio	3.09	5.08	7.69	12.74	6.32
Sales/Net Working Capital	-	-	-	-	-
Gearing %	0	0	0	0	0
Equity in %	70.30	82.60	89.10	93.30	86.70
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	2.10	3.45	4.52	8.47	3.85
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	0.42	0.21	0.12	0.07	0.15
Total Debt Ratio	0.42	0.21	0.12	0.07	0.15
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
26/10/2015	Annual Returns
15/10/2015	Mr K.S. Schouten has left the board
19/01/2015	New Board Member Mr K.S. Schouten appointed
31/10/2014	Annual Returns
09/09/2014	New Accounts Filed
05/10/2013	Annual Returns
17/06/2013	New Accounts Filed
24/11/2012	Annual Returns
19/09/2012	New Accounts Filed
14/10/2011	Annual Returns
22/09/2011	New Accounts Filed
03/12/2010	Annual Returns
18/09/2010	New Accounts Filed
30/12/2009	Annual Returns
19/08/2009	MEDICAL INSTRUMENT DESIGN (MID) INT has left the board

Previous Company Names

No Previous Names found

Writ Details

No writs found

Statistics

Group	5 companies
Linkages	5 companies
Countries	In 1 countries

Summary

Holding Company	-
Ownership Status	Wholly Owned
Ultimate Holding Company	DORC HOLDING B.V.

Group Structure

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
DORC HOLDING B.V.	01157212	31.12.2014	Y	€88,030,000
DORC INTERNATIONAL BV	N/A	-	-
D.O.R.C. LIMITED	07871404	31.12.2013	N
MEDICAL INSTRUMENTS DE...	N/A	-	-
EYE TECHNOLOGY LIMITED	03104397	31.12.2013	N

Mortgage Details

Mortgage Type:
Date Charge Created:	20/06/14
Date Charge Registered:	30/06/14
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	GE CORPORATE BANK SAS LONDON BRANCH (AS SECURITY AGENT FOR THE BENEFICIARIES);
Amount Secured:
Details:	UNIT 19 TOTMAN CRESCENT BROOK ROAD INDUSTRIAL ESTATE RAYLEIGH ESSEX TITLE NUMBER EX641729CONTAINS FIXED CHARGE.CONTAINSFLOATING CHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.
Mortgage Type:	DEBENTURE
Date Charge Created:	31/07/09
Date Charge Registered:	07/08/09
Date Charge Satisfied:	25/06/14
Status:	SATISFIED
Person(s) Entitled:	COOPERATIEVE RABOBANK ROTTERDAM U.A.;
Amount Secured:
Details:	FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY PRESENT AND FUTURE, INCLUDING GOODWILL, BOOK DEBTS, UNCALLED CAPITAL, PLANT & MACHINERY SEE IMAGE FOR FULL DETAILS

Mortgage Type:	DEBENTURE
Date Charge Created:	19/05/00
Date Charge Registered:	24/05/00
Date Charge Satisfied:	05/07/05
Status:	SATISFIED
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 CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY
Mortgage Type:	LEGAL MORTGAGE
Date Charge Created:	19/05/00
Date Charge Registered:	24/05/00
Date Charge Satisfied:	05/07/05
Status:	SATISFIED
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:	THE PROPERTY KNOWN AS 19 TOTMAN CRESCENT BROOK ROAD INDUSTRIAL CENTRE RAYLEIGH ESSEX WITH THE BENEFIT OF ALL RIGHTS LICENCES GUARANTEES RENT DEPOSITS CONTRACTS DEEDS UNDERTAKINGS AND WARRANTIES RELATINGTO THE PROPERTY ANY SHARES OR MEMBERSHIP RIGHTS IN ANY MANAGEMENT COMPANY FOR THE PROPERTY ANY GOODWILL OF ANY BUSINESSFROM TIME TO TIME CARRIED ON AT THE PROPERTY ANY RENTAL AND OTHER MONEY PAYABLEUNDER ANY LEASE LICENCE OR OTHER INTEREST CREATED IN RESPECT OF THE PROPERTY AND ALL OTHER PAYMENTSWHATEVER IN RESPECTOF THE PROPERTY

Previous Director/Company Secretaries

Name	Current Directorships		Previous Directorships
Mary Malcolm Frake	0		4
Mary Malcolm Frake	0		4
Ger Vijfvinkel	0		1
MEDICAL INSTRUMENT DESIGN (MID) INTERNATIONAL BV	0		1
Ronald Verboon	0		1
David Rutger Alfons Van De Velde	0		1
SWIFT INCORPORATIONS LIMITED	2579		263489
Koert Stefan Schouten	0		2
Average Invoice Value		Ł69.65
Invoices available		30
Paid		30
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	16	14	0	0	0
Outstanding	0	0	0	0	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.65.98
UK Pound	1	Rs.100.11
Euro	1	Rs.70.35

INFORMATION DETAILS

Analysis Done by :	DIV

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
MEDICAL INSTRUMENT DESIGN (M.I.D.) INTERNATIONAL B.V.	24199772	31.12.2008
D.O.R.C. DUTCH OPHTHALMIC RESEARCH CENTER (INTERNATIONAL) B.V.	24167879	31.12.2008	€44,271,555
OCULUS HOLDING B.V.	59839740	31.12.2014	€74,667,000
OCULUS MIDCO B.V.	59840897	31.12.2014	€74,667,000
OCULUS ACQUISITION B.V.	59843829	-