MIRA INFORM REPORT

Report No. :	351882
Report Date :	30.11.2015

IDENTIFICATION DETAILS

Name :	MATALAN RETAIL LTD.
Formerly Known As :	MATALAN DISCOUNT CLUB (CASH & CARRY) LTD.
Registered Office :	Matalan Head Office Perimeter Road Liverpool L33 7SZ
Country :	United Kingdom
Financials (as on) :	28.02.2015
Date of Incorporation :	25.02.1987
Com. Reg. No.:	02103564
Legal Form :	Private limited with Share Capital
Line of Business :	Retail sale of clothing in specialised stores Sale of clothing and homewares through out of town retail outlets.
No. of Employee :	15832

RATING & COMMENTS

MIRA’s Rating :

Ba

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	A1	A1

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

MATALAN RETAIL LTD.

Company No:

02103564

Registered Address:

MATALAN HEAD OFFICE PERIMETER ROAD LIVERPOOL L33 7SZ

Company Summary

Registered Address	MATALAN HEAD OFFICE PERIMETER ROAD LIVERPOOL L33 7SZ	Trading Address	Matalan Head Office Perimeter Road Liverpool L33 7SZ L33 7SZ
Website Address	http://www.matalan.co.uk
Telephone Number	01515566000	Fax Number
TPS	No	FPS	No
Incorporation Date	25/02/1987
Previous Name	MATALAN DISCOUNT CLUB (CASH & CARRY) LTD.	Type	Private limited with Share Capital
FTSE Index	--	Date of Change	03/03/1998
Filing Date of Accounts	16/07/2015	Currency	GBP
Share Capital	£1,000	SIC07	47710
Charity Number	--
SIC07 Description	Retail Sale Of Clothing In Specialised Stores
Principal Activity	Sale of clothing and homewares through out of town retail outlets.

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder	Funds Employees
28/02/2015	£1,094,000,000	£20,300,000	£322,600,000	15832
01/03/2014	£1,122,900,000	£11,400,000	£255,300,000	15995
23/02/2013	£1,125,400,000	£17,600,000	£291,000,000	16373

Mortgage Summary

Total Mortgage 10

Outstanding 2

Satisfied 8

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 1

Total Value of Documented Trade £500

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 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.

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	5
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	19

Current Directors

Name	John Nicholas Mills	Date of Birth	26/04/1955
Officers Title	Mr	Nationality	British
Present Appointments	27	Function	Director
Appointment Date	02/01/2007
Address	8 Welbeck Road Ellesmere Park, Eccles, Manchester, Lancashire, M30 9EH

Name	Allan Leslie Leighton	Date of Birth	12/04/1953
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	05/02/2013
Address	Matalan Head Office Perimeter Road, Knowsley Industrial Park, Liverpool, L33 7SZ

Name	Stephen Mark Hill	Date of Birth	18/09/1976
Officers Title	Mr	Nationality	British
Present Appointments	9	Function	Director
Appointment Date	29/07/2013
Address	Matalan Head Office Perimeter Road, Knowsley Industrial Park, Liverpool, L33 7SZ

Name	John Jason Hargreaves	Date of Birth	15/07/1968
Officers Title	Mr	Nationality	British
Present Appointments	9	Function	Director
Appointment Date	08/01/2014
Address	Matalan Head Office Perimeter Road, Knowsley Industrial Park, Liverpool, L33 7SZ

Name	Arnu Kumar Misra	Date of Birth	08/01/1962
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	07/03/2014
Address	Matalan Head Office Perimeter Road, Knowsley Industrial Park, Liverpool, L33 7SZ

Current Company Secretary

Name	William George Lodder	Date of Birth	-
Officers Title	Mr	Nationality
Present Appointments	1	Function	Company Secretary
Appointment Date	25/04/2013
Address	Matalan Head Office Perimeter Road, Knowsley Industrial Park, Liverpool, L33 7SZ

Top 20 Shareholders

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

Profit & Loss

Date Of Accounts	28/02/15	(%)	01/03/14	(%)	23/02/13	(%)	25/02/12	(%)	26/02/11
Weeks	52	(%)	53	(%)	52	(%)	52	(%)	52
Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
Turnover	£1,094,000,000	-2.6%	£1,122,900,000	-0.2%	£1,125,400,000	0.7%	£1,117,500,000	1.9%	£1,096,500,000
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	£948,300,000	-4.3%	£990,800,000	0.3%	£987,400,000	-0.3%	£990,000,000	8.8%	£910,200,000
Gross Profit	£145,700,000	10.3%	£132,100,000	-4.3%	£138,000,000	8.2%	£127,500,000	-31.6%	£186,300,000
Wages & Salaries	£157,300,000	4.2%	£151,000,000	0.6%	£150,100,000	6.5%	£141,000,000	0.3%	£140,600,000
Directors Emoluments	£1,900,000	111.1%	£900,000	-55%	£2,000,000	-28.6%	£2,800,000	-57.6%	£6,600,000
Operating Profit	£60,700,000	3.2%	£58,800,000	-9.8%	£65,200,000	13.8%	£57,300,000	-49.9%	£114,300,000
Depreciation	£21,800,000	2.3%	£21,300,000	-0.5%	£21,400,000	-	£21,400,000	-11.6%	£24,200,000
Audit Fees	£200,000	100%	£100,000	-	£100,000	-	£100,000	-	£100,000
Interest Payments	£41,200,000	-14.2%	£48,000,000	0.4%	£47,800,000	-0.4%	£48,000,000	11.6%	£43,000,000
Pre Tax Profit	£20,300,000	78.1%	£11,400,000	-35.2%	£17,600,000	77.8%	£9,900,000	-86.4%	£72,800,000
Taxation	-£1,800,000	5.3%	-£1,900,000	56.8%	-£4,400,000	-414.3%	£1,400,000	106.7%	-£20,800,000
Profit After Tax	£18,500,000	94.7%	£9,500,000	-28%	£13,200,000	16.8%	£11,300,000	-78.3%	£52,000,000
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	£18,500,000	94.7%	£9,500,000	-28%	£13,200,000	16.8%	£11,300,000	-78.3%	£52,000,000

Balance Sheet

Date Of Accounts	28/02/15	(%)	01/03/14	(%)	23/02/13	(%)	25/02/12	(%)	26/02/11
Tangible Assets	£183,000,000	5.5%	£173,500,000	12.1%	£154,800,000	-1.9%	£157,800,000	-4%	£164,300,000
Intangible Assets	£22,500,000	7.1%	£21,000,000	19.3%	£17,600,000	-12%	£20,000,000	-10.7%	£22,400,000
Total Fixed Assets	£205,500,000	5.7%	£194,500,000	12.8%	£172,400,000	-3%	£177,800,000	-4.8%	£186,700,000
Stock	£143,200,000	5.8%	£135,300,000	-3.9%	£140,800,000	6.8%	£131,800,000	9.8%	£120,000,000
Trade Debtors	£6,100,000	-16.4%	£7,300,000	69.8%	£4,300,000	-	£4,300,000	48.3%	£2,900,000
Cash	£93,400,000	30.4%	£71,600,000	-40.6%	£120,500,000	25.5%	£96,000,000	15.7%	£83,000,000
Other Debtors	£209,100,000	3.2%	£202,600,000	2.1%	£198,500,000	-0.3%	£199,000,000	-6.4%	£212,500,000
Miscellaneous Current Assets	£11,100,000	-	0	-100%	£16,900,000	525.9%	£2,700,000	107.7%	£1,300,000
Total Current Assets	£462,900,000	11.1%	£416,800,000	-13.3%	£481,000,000	10.9%	£433,800,000	3.4%	£419,700,000
Trade Creditors	£86,400,000	42.3%	£60,700,000	-34.8%	£93,100,000	15.9%	£80,300,000	-0.4%	£80,600,000
Bank Loans & Overdrafts	£900,000	-96.6%	£26,200,000	-	0	-	0	-	0
Other Short Term Finance	£143,200,000	-	£143,200,000	-	£143,200,000	-0.9%	£144,500,000	-7.1%	£155,600,000
Miscellaneous Current Liabilities	£59,500,000	-12.4%	£67,900,000	0.7%	£67,400,000	5.6%	£63,800,000	-12.1%	£72,600,000
Total Current Liabilities	£290,000,000	-2.7%	£298,000,000	-1.9%	£303,700,000	5.2%	£288,600,000	-6.5%	£308,800,000
Bank Loans & Overdrafts and LTL	£56,700,000	-32.7%	£84,200,000	43.4%	£58,700,000	-1.5%	£59,600,000	1%	£59,000,000
Other Long Term Finance	0	-	0	-	0	-	0	-100%	£2,500,000
Total Long Term Liabilities	£55,800,000	-3.8%	£58,000,000	-1.2%	£58,700,000	-1.5%	£59,600,000	1%	£59,000,000

Capital & Reserves

Date Of Accounts	28/02/15	(%)	01/03/14	(%)	23/02/13	(%)	25/02/12	(%)	26/02/11
Called Up Share Capital	-	-	-	-	-	-	-	-	-
P & L Account Reserve	£303,700,000	6.7%	£284,700,000	3.3%	£275,700,000	5.3%	£261,800,000	5.5%	£248,200,000
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	£18,900,000	164.3%	-£29,400,000	-292.2%	£15,300,000	856.3%	£1,600,000	116.7%	-£9,600,000
Shareholder Funds	£322,600,000	26.4%	£255,300,000	-12.3%	£291,000,000	10.5%	£263,400,000	10.4%	£238,600,000

Other Financial Items

Date Of Accounts	28/02/15	(%)	01/03/14	(%)	23/02/13	(%)	25/02/12	(%)	26/02/11
Net Worth	£300,100,000	28.1%	£234,300,000	-14.3%	£273,400,000	12.3%	£243,400,000	12.6%	£216,200,000
Working Capital	£172,900,000	45.5%	£118,800,000	-33%	£177,300,000	22.1%	£145,200,000	30.9%	£110,900,000
Total Assets	£668,400,000	9.3%	£611,300,000	-6.4%	£653,400,000	6.8%	£611,600,000	0.9%	£606,400,000
Total Liabilities	£345,800,000	-2.9%	£356,000,000	-1.8%	£362,400,000	4.1%	£348,200,000	-5.3%	£367,800,000
Net Assets	£322,600,000	26.4%	£255,300,000	-12.3%	£291,000,000	10.5%	£263,400,000	10.4%	£238,600,000

Cash Flow

Date Of Accounts	28/02/15	(%)	01/03/14	(%)	23/02/13	(%)	25/02/12	(%)	26/02/11
Net Cashflow from Operations	£55,400,000	999.9%	£100,000	-99.8%	£45,500,000	36.2%	£33,400,000	103.7%	£16,400,000
Net Cashflow before Financing	£22,800,000	146.6%	-£48,900,000	-299.6%	£24,500,000	88.5%	£13,000,000	188.4%	-£14,700,000
Net Cashflow from Financing	-£1,000,000	-	-	-	-	-	-	-	-
Increase in Cash	£21,800,000	144.6%	-£48,900,000	-299.6%	£24,500,000	88.5%	£13,000,000	188.4%	-£14,700,000

Miscellaneous

Date Of Accounts	28/02/15	(%)	01/03/14	(%)	23/02/13	(%)	25/02/12	(%)	26/02/11
Contingent Liability	YES	-	YES	-	YES	-	YES	-	YES
Capital Employed	£378,400,000	20.8%	£313,300,000	-10.4%	£349,700,000	8.3%	£323,000,000	8.5%	£297,600,000
Number of Employees	15832	-1%	15995	-2.3%	16373	3.2%	15858	-1.8%	16144
Accountants
Auditors	KPMG LLP
Auditor Comments	The audit report contains no adverse comments
Bankers	LLOYDS TSB BANK PLC
Bank Branch Code	30-95-42

Ratios

Date Of Accounts	28/02/15	01/03/14	23/02/13	25/02/12	26/02/11
Pre-tax profit margin %	1.86	1.02	1.56	0.89	6.64
Current ratio	1.60	1.40	1.58	1.50	1.36
Sales/Net Working Capital	6.33	9.45	6.35	7.70	9.89
Gearing %	17.60	33	20.20	22.60	24.70
Equity in %	49.90	43.20	45.80	44.50	40.90
Creditor Days	28.74	20.05	30.11	26.15	26.75
Debtor Days	2.02	2.41	1.39	1.40	0.96
Liquidity/Acid Test	1.10	0.94	1.12	1.04	0.97
Return On Capital Employed %	5.36	3.63	5.03	3.06	24.46
Return On Total Assets Employed %	3.03	1.86	2.69	1.61	12
Current Debt Ratio	0.89	1.16	1.04	1.09	1.29
Total Debt Ratio	1.07	1.39	1.24	1.32	1.54
Stock Turnover Ratio %	13.08	12.04	12.51	11.79	10.94
Return on Net Assets Employed %	6.29	4.46	6.04	3.75	30.51

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
25/08/2015	Annual Returns
23/07/2015	New Accounts Filed
23/07/2015	New Accounts Filed
03/03/2015	Change in Reg.Office
03/03/2015	Change of Company Postcode
09/09/2014	New Accounts Filed
09/09/2014	New Accounts Filed
06/08/2014	Annual Returns
18/03/2014	New Board Member Mr A.K. Misra appointed
20/01/2014	New Board Member Mr J.J. Hargreaves appointed
13/01/2014	New Board Member Mr J.J. Hargreaves appointed
26/09/2013	Mr D.A. Blackhurst has left the board
12/08/2013	Annual Returns
01/08/2013	New Board Member Mr S.M. Hill appointed
26/06/2013	New Accounts Filed

Previous Company Names

Date	Previous Name
03/03/1998	MATALAN DISCOUNT CLUB (CASH & CARRY) LTD.
10/12/1992	MATALAN (CASH & CARRY) LIMITED
12/08/1988	MATALAN (SALFORD) LIMITED

Writ Details

No writs found

Statistics

Group	12 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	MATALAN LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	MISSOURI TOPCO LTD

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
MISSOURI TOPCO LTD	N/A	-	-
MATALAN GROUP LIMITED	05974909	28.02.2015	N
MATALAN FINANCE PLC	05962488	28.02.2015	N
MATALAN LIMITED	01579910	28.02.2015	N
JONMAR LIMITED	01572578	28.02.2015	N
MATALAN RETAIL LTD.	02103564	28.02.2015	N	£1,094,000,000
MATALAN TRAVEL LI...	04137221	28.02.2015	N	£14,063
MATALAN INVESTMEN...	04250527	28.02.2015	N
HPO1 NOMINEES LIM...	01274137	28.02.2015	N	£14,164,000
MATALAN DIRECT LI...	08420456	28.02.2015	N
MATALAN HOLDING C...	04250515	28.02.2015	N
VIVAT HOLDINGS B.V.	33160220	29.02.2012	N

Mortgage Details

Mortgage Type:
Date Charge Created:	02/06/14
Date Charge Registered:	04/06/14
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	LLOYDS BANK PLC;
Amount Secured:
Details:	THE REGISTERED TRADEMARK 'MATALAN' WITHREGISTERED NUMBER 1413902 PLEASE SEE IMAGE FOR DETAILS OF FURTHER LAND (INCLUDING BUILDINGS), SHIP, AIRCRAFT OR INTELLECTUAL PROPERTY CHARGED.CONTAINS FIXED CHARGE.CONTAINS FLOATING CHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.
Mortgage Type:	DEBENTURE
Date Charge Created:	11/04/11
Date Charge Registered:	16/04/11
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	LLOYDS TSB BANK PLC (AS SECURITY AGENT)
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM ANY MEMBER OF THE GROUP AND EACH DEBTOR TOANY SECURED PARTY ONANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THECHARGE
Details:	FIXED AND FLOATING CHARGE OVER ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, PLANT & MACHINERY SEE IMAGE FOR FULL DETAILS

Mortgage Type:	DEBENTURE
Date Charge Created:	30/03/10
Date Charge Registered:	07/04/10
Date Charge Satisfied:	15/04/11
Status:	SATISFIED
Person(s) Entitled:	THE ROYAL BANK OF SCOTLAND PLC
Amount Secured:
Details:	FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY
Mortgage Type:	DEED OF ACCESSION AND CHARGE
Date Charge Created:	18/01/07
Date Charge Registered:	24/01/07
Date Charge Satisfied:	07/04/10
Status:	SATISFIED
Person(s) Entitled:	KAUPTHING BANK HF (IN ITS CAPACITY AS SECURITY AGENT FOR THE BENEFICIARIES)
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:	THE CHARGING COMPANY WITH FULL TITLE GUARANTEE ASSIGNED TO THE SECURITY AGENT ALL OF ITS RIGHTS, TITLE AND INTEREST FROM TIME TO TIME IN RESPECT OF SUMS PAYABLE TO IT PURSUANT TO THE INSURANCE POLICIESSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	06/05/94
Date Charge Registered:	19/05/94
Date Charge Satisfied:	27/10/98
Status:	SATISFIED
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:	LAND AND WAREHOUSE AT HOLME ROAD BAMBERBRIDGE PRESTON LANCASHIRE
Mortgage Type:	DEBENTURE
Date Charge Created:	25/06/92
Date Charge Registered:	29/06/92
Date Charge Satisfied:	09/02/94
Status:	SATISFIED
Person(s) Entitled:	CREDIT LYONNAIS
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	INCLUDING TRADE FIXTURES FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETSPRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT ANDMACHINERY

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	11/04/91
Date Charge Registered:	25/04/91
Date Charge Satisfied:	25/06/92
Status:	SATISFIED
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:	22 NEW CROSS STREET, ST HELENS, MERSEYSIDE TITLE NO: MS 293081.
Mortgage Type:	LEGAL CHARGE
Date Charge Created:	11/04/91
Date Charge Registered:	25/04/91
Date Charge Satisfied:	25/06/92
Status:	SATISFIED
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:	20, WESTFIELD STREET, ST HELENS, MERSEYSIDE. TITLE NO: MS 293080.

Mortgage Type:	DEBENTURE
Date Charge Created:	11/04/91
Date Charge Registered:	25/04/91
Date Charge Satisfied:	27/10/98
Status:	SATISFIED
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:	(INCLUDING TRADE FIXTURES). FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANTAND MACHINERY
Mortgage Type:	MORTGAGE DEBENTURE
Date Charge Created:	05/05/87
Date Charge Registered:	08/05/87
Date Charge Satisfied:	25/06/92
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

Creditor Details

	Total Number	Total Value
Trade Creditors	0	-
No Creditor Data

Trade Debtors / Bad Debt Detail

	Total Number of Documented Trade		Total Value of Documented Trade
Trade Debtors	1		£500
Company Name		Amount		Statement Date
W L J Ltd		£500		30/07/2010

Previous Director/Company Secretaries

Name		Current Directorships	Previous Directorships
Paul John Thomas Gilbert		27	112
Paul John Thomas Gilbert		27	112
Andrew James Clarke		2	11
Philip Dutton		1	360
Philip Dutton		1	360
Ian Ashley Smith		1	45
Ian Ashley Smith		1	45
Anne Marie Hargreaves		2	6
Thomas Cunningham		0	6
John Graham Berry		52	156
Simon Nicholas Waite		0	185
Alistair Kenneth McGeorge		36	54
Angus Monro		6	28
John King		0	22
John Hargreaves		1	19
Toby Benjamin Broadhurst		2	18
Paul Mason		0	25
Danielle Hazel Davies		0	8
Darren Anthony Blackhurst		0	10
Average Invoice Value	Ł2956.48
Invoices available	780
Paid	736
Outstanding	44

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	184	314	125	97	16
Outstanding	41	1	1	0	1

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 :	KIN
Report Prepared by :	ANK

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.