MIRA INFORM REPORT

Report No. :	352334
Report Date :	28.11.2015

IDENTIFICATION DETAILS

Name :	FRANK WRIGHT LIMITED

Registered Office :	Blenheim House, Blenheim Road, Ashbourne, DE6 1HA

Country :	United Kingdom

Financials (as on) :	31.12.2014

Date of Incorporation :	30.08.1910

Com. Reg. No.:	00111524

Legal Form :	Private limited with share Capital

Line of Business :	· Manufacture of Prepared Feeds for Farm Animals · The manufacture, sale and distribution of animal feed supplements and associated products together with haulage and transport services.

No. of Employees :	186

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 :	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 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: FRANK WRIGHT LIMITED

Company No: 00111524

Company Status: Active - Accounts Filed

Registered Address: BLENHEIM HOUSE BLENHEIM ROAD ASHBOURNE DE6 1HA

Company Summary

Registered Address BLENHEIM HOUSE, BLENHEIM ROAD, ASHBOURNE, DE6 1HA

Trading Address Blenheim House, Blenheim Road, Airfield Industrial Estate, Ashbourne, Derbyshire, DE6 1HA

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

Telephone Number 01335341101

Fax Number -

TPS No

FPS No

Incorporation Date 30/08/1910

Previous Name -

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 09/09/2015

Currency GBP

Share Capital £30,680

SIC07 10910

Charity Number -

SIC07 Description MANUFACTURE OF PREPARED FEEDS FOR FARM ANIMALS

Principal Activity The manufacture, sale and distribution of animal feed supplements and associated products together with haulage and transport services.

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

31/12/2014 £104,054,000 £7,230,000 £16,870,000 186

31/12/2013 £102,970,000 £5,996,000 £15,237,000 186

31/12/2012 £103,107,000 £6,087,000 £13,184,000 175

Mortgage Summary

Total Mortgage 2

Outstanding 1

Satisfied 1

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 Large company in respect of the rating/limit generated.

This company's return on total assets employed ratio indicates a highly efficient use of assets.

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

This company's ratio of total liabilities to total assets indicates the presence of moderate equity funding.

The company has more cash than short term bank borrowings.

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	2
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	14

Current Directors

Name	Aled Wyn Edwards	Date of Birth	04/11/1960
Officers Title	Mr	Nationality	British
Present Appointments	5	Function	Director
Appointment Date	11/10/2002
Address	Blenheim House, Blenheim Road, Ashbourne, Derbyshire, DE6 1HA

Name	Harm De Wildt	Date of Birth	23/10/1962
Officers Title	Mr	Nationality	Dutch
Present Appointments	3	Function	Director
Appointment Date	02/05/2008
Address	Blenheim House, Blenheim Road, Ashbourne, Derbyshire, DE6 1HA

Current Company Secretary

Name	David Christopher Potter	Date of Birth	30/08/1957
Officers Title	Mr	Nationality	British
Present Appointments	4	Function	Company Secretary
Appointment Date	26/10/2007
Address	Blenheim House, Blenheim Road, Ashbourne, Derbyshire, DE6 1HA

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
NUTRECO LTD	GBP	30,680	ORDINARY	1	100

Financials

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
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Turnover	£104,054,000	1.1%	£102,970,000	-0.1%	£103,107,000	2.9%	£100,202,000	1.2%	£99,027,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Cost of Sales	£89,699,000	0.9%	£88,932,000	-1%	£89,843,000	2.2%	£87,924,000	1.8%	£86,392,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Gross Profit	£14,355,000	2.3%	£14,038,000	5.8%	£13,264,000	8%	£12,278,000	-2.8%	£12,635,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Wages & Salaries	£7,672,000	3.3%	£7,430,000	7.4%	£6,915,000	5.5%	£6,554,000	5.8%	£6,195,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Directors Emoluments	£234,000	10.9%	£211,000	6.6%	£198,000	-0.5%	£199,000	3.6%	£192,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Operating Profit	£7,222,000	20.2%	£6,008,000	-1.5%	£6,098,000	20.4%	£5,063,000	-13.1%	£5,827,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Depreciation	£544,000	-13.9%	£632,000	-17.5%	£766,000	1.9%	£752,000	-2%	£767,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Audit Fees	£21,000	-	£21,000	5%	£20,000	-	£20,000	-	£20,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Interest Payments	£388,000	-1.8%	£395,000	-11.6%	£447,000	31.5%	£340,000	347.4%	£76,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Pre Tax Profit	£7,230,000	20.6%	£5,996,000	-1.5%	£6,087,000	22.6%	£4,963,000	-14.1%	£5,775,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Taxation	-£1,597,000	-10.7%	-£1,443,000	4.2%	-£1,507,000	-17.6%	-£1,281,000	26.6%	-£1,745,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Profit After Tax	£5,633,000	23.7%	£4,553,000	-0.6%	£4,580,000	24.4%	£3,682,000	-8.6%	£4,030,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Dividends Payable	£4,000,000	60%	£2,500,000	-16.7%	£3,000,000	20%	£2,500,000	-64.3%	£7,000,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Retained Profit	£1,633,000	-20.5%	£2,053,000	29.9%	£1,580,000	33.7%	£1,182,000	139.8%	-£2,970,000

Balance Sheet

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Tangible Assets	£19,103,000	0.6%	£18,992,000	-0.3%	£19,042,000	0.8%	£18,883,000	225.2%	£5,807,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Intangible Assets	£465,000	-16.4%	£556,000	-14.1%	£647,000	-12.3%	£738,000	-11%	£829,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Total Fixed Assets	£19,568,000	0.1%	£19,548,000	-0.7%	£19,689,000	0.3%	£19,621,000	195.7%	£6,636,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Stock	£6,160,000	12.1%	£5,496,000	8.2%	£5,081,000	3.3%	£4,917,000	4.9%	£4,689,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Trade Debtors	£14,916,000	-4.2%	£15,576,000	0.3%	£15,536,000	1.7%	£15,273,000	-4.5%	£15,990,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Cash	£195,000	-	0	-	0	-	0	-	0
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Other Debtors	£10,898,000	15.4%	£9,444,000	-15.8%	£11,222,000	105%	£5,474,000	38.1%	£3,964,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-100%	£22,000	-	0
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Total Current Assets	£32,169,000	5.4%	£30,516,000	-4.2%	£31,839,000	24%	£25,686,000	4.2%	£24,643,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Trade Creditors	£12,433,000	7.9%	£11,525,000	-11.5%	£13,023,000	23.7%	£10,525,000	-4.9%	£11,062,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-100%	£122,000	117.9%	£56,000	-67.6%	£173,000	-69.8%	£572,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Other Short Term Finance	£20,191,000	-5.1%	£21,287,000	-6.6%	£22,799,000	10.5%	£20,635,000	205.9%	£6,745,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Miscellaneous Current Liabilities	£2,128,000	13.6%	£1,874,000	-22.6%	£2,420,000	7.5%	£2,251,000	-3.1%	£2,322,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Total Current Liabilities	£34,752,000	-0.2%	£34,808,000	-9.1%	£38,298,000	14%	£33,584,000	62.2%	£20,701,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	£115,000	-18.4%	£141,000	38.2%	£102,000	-65.1%	£292,000	-59.9%	£728,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Total Long Term Liabilities	£115,000	505.3%	£19,000	-58.7%	£46,000	-61.3%	£119,000	-23.7%	£156,000

Capital & Reserves

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Called Up Share Capital	£31,000	-	£31,000	-	£31,000	-	£31,000	-	£31,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	P & L Account Reserve	£16,839,000	10.7%	£15,206,000	15.6%	£13,153,000	13.7%	£11,573,000	11.4%	£10,391,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Sundry Reserves	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Shareholder Funds	£16,870,000	10.7%	£15,237,000	15.6%	£13,184,000	13.6%	£11,604,000	11.3%	£10,422,000

Other Financial Items

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Net Worth	£16,405,000	11.7%	£14,681,000	17.1%	£12,537,000	15.4%	£10,866,000	13.3%	£9,593,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Working Capital	-£2,583,000	39.8%	-£4,292,000	33.6%	-£6,459,000	18.2%	-£7,898,000	-300.4%	£3,942,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Total Assets	£51,737,000	3.3%	£50,064,000	-2.8%	£51,528,000	13.7%	£45,307,000	44.8%	£31,279,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Total Liabilities	£34,867,000	0.1%	£34,827,000	-9.2%	£38,344,000	13.8%	£33,703,000	61.6%	£20,857,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Net Assets	£16,870,000	10.7%	£15,237,000	15.6%	£13,184,000	13.6%	£11,604,000	11.3%	£10,422,000

Cash Flow

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Capital Employed	£16,985,000	11.3%	£15,256,000	15.3%	£13,230,000	12.9%	£11,723,000	10.8%	£10,578,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Number of Employees	186	-	186	6.3%	175	3.6%	169	0.6%	168
	Accountants
	Auditors	KPMG LLP
	Auditor Comments	The audit report contains no adverse comments
	Bankers	LLOYDS TSB BANK PLC
	Bank Branch Code

Ratios

	Date Of Accounts	31/12/14	31/12/13	31/12/12	31/12/11	31/12/10
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Pre-tax profit margin %	6.95	5.82	5.90	4.95	5.83
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Current ratio	0.93	0.88	0.83	0.76	1.19
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Sales/Net Working Capital	-40.28	-23.99	-15.96	-12.69	25.12
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Gearing %	0.70	0.90	0.80	2.50	7
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Equity in %	32.90	30.80	25.90	26	34.20
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Creditor Days	43.49	40.74	45.97	38.23	40.66
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Debtor Days	52.17	55.06	54.84	55.48	58.77
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Liquidity/Acid Test	0.74	0.71	0.69	0.61	0.96
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Return On Capital Employed %	42.56	39.30	46	42.33	54.59
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Return On Total Assets Employed %	13.97	11.97	11.81	10.95	18.46
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Current Debt Ratio	2.05	2.28	2.90	2.89	1.98
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Total Debt Ratio	2.06	2.28	2.90	2.90	2
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Stock Turnover Ratio %	5.92	5.33	4.92	4.90	4.73
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\barchart-grey.png$	Return on Net Assets Employed %	42.85	39.35	46.16	42.76	55.41

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
23/09/2015	Payment Data Update Recieved
22/09/2015	New Accounts Filed
02/05/2015	Annual Returns
20/09/2014	New Accounts Filed
30/04/2014	Annual Returns
27/02/2014	New Board Member Mr H. De Wildt appointed
23/09/2013	New Accounts Filed
23/09/2013	New Accounts Filed
03/05/2013	Annual Returns
18/09/2012	New Accounts Filed
11/05/2012	Annual Returns
20/10/2011	NEW WRITS RECORD
16/09/2011	New Accounts Filed
16/09/2011	New Accounts Filed
03/06/2011	Mr F.J. Tielens has left the board

Previous Company Names

No Previous Names found

Writ Details

Date	Court	Plaintiff
07/10/2011	R C J - LONDON QUEENS BENCH	SUN VALLEY FOODS LTD

Statistics

Group	7 companies
Linkages	25 companies
Countries	In 4 countries

Summary

Holding Company	NUTRECO LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	NUTRECO N.V.

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\tminus.gif$ NUTRECO N.V.	16074305	31.12.2014	Y	€5,253,000,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\tminus.gif$ NUTRECO INTERNATIONAL...	16074327	-	N
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\tminus.gif$ NUTRECO LIMITED	02948959	31.12.2014	N
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\tminus.gif$ TROUW (UK) LIMITED	00291738	31.12.2014	N	£116,009,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\L.gif$ TROUW (UK) PENSIO...	02965669	31.12.2014	N
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\L.gif$ FRANK WRIGHT LIMITED	00111524	31.12.2014	N	£104,054,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FRANK WRIGHT LIMITED_files\L.gif$ TROUW AQUACULTURE LI...	IE018937	31.12.2014	N	€2,362,565

Mortgage Details

Mortgage Type:
Date Charge Created:	15/09/14
Date Charge Registered:	17/09/14
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	LLOYDS BANK PLC;
Amount Secured:
Details:	CONTAINS FIXED CHARGE.CONTAINS NEGATIVEPLEDGE.
Mortgage Type:	SINGLE DEBENTURE
Date Charge Created:	08/10/74
Date Charge Registered:	16/10/74
Date Charge Satisfied:	12/12/97
Status:	SATISFIED
Person(s) Entitled:	LLOYDS BANK LTD
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	UNDERTAKING AND ALL PROPERTY AND ASSETSPRESENT AND FUTURE INCLUDING GOODWILL &UNCALLED CAPITAL FIXED& FLOATING CHARGES (SEE DOC 101)

Previous Director/Company Secretaries

Name		Current Directorships	Previous Directorships
Barbara Ann Stannard		3	2
Barbara Phyllis Wright		0	1
Anthony Frank Wright		1	5
David John Vallance Sharp		1	1
Barry John Stickings		0	16
Dieter Arthur Suter		0	1
Robin Anthony Lowe		0	5
Christian Dudeck		0	1
Gerhard Winfried Schwarz		0	4
Stefan Borgas		0	1
Joachim Meyer		0	1
Bernard Juergen Steinemann		0	1
Frank Jurjen Tielens		0	1
Torben Berlin Jensen		16	21
Average Invoice Value	Ł579.35
Invoices available	340
Paid	328
Outstanding	12

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	60	184	59	21	4
Outstanding	5	5	0	0	2

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.75
UK Pound	1	Rs.100.68
Euro	1	Rs.70.88
GBP	1	Rs.100.43

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	TRI

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.

Name	Number	Latest Key Financials	Turnover
NUTRECO CAPITAL NV	458885719	31.12.2014	€1,871,450
NUTRECO BELGIUM NV	413881182	31.12.2014	€75,523,323
NUTRECO FEED BELGIUM NV	415518108	31.12.2014
HENDRIX NV	403731519	31.12.2014
NUTRECO DEUTSCHLAND GMBH	HRB 101455	31.12.2013	€108,868,405
BUYSE NV	405538885	31.12.2007	€2,820,000
HENDRIX UTD GMBH	HRB 1322	31.12.2012
NUTRECO PROCUREMENT B.V.	17221186	31.12.2010
TROUW NUTRITION NEDERLAND B.V.	08013919	-
TROUW NUTRITION INTERNATIONAL B.V.	08118433	-
TROUW INTERNATIONAL B.V.	16054174	-
NUTRECO NEDERLAND B.V.	16058721	-
TROUW NUTRITION RUSSIA B.V.	17190366	31.12.2009	€80,275,000
NUTRECO BRASIL B.V.	17263185	-
SELKO B.V.	18025624	-
NUTRITIONAL INGREDIENTS B.V.	32136257	-
NUTRECO ASIA SUPPORT B.V.	32143371	-
TROUW NUTRITION HIFEED B.V.	38021507	-
SLOTEN B.V.	38024128	-
NUTRECO INVESTMENTS B.V.	53219716	-