MIRA INFORM REPORT

Report No. :	351871
Report Date :	30.11.2015

IDENTIFICATION DETAILS

Name :	J.D. WILLIAMS & COMPANY LIMITED

Registered Office :	Griffin House40 Lever Streetmanchesterm99 1zu

Country :	United Kingdom

Financials (as on) :	28.02.2015

Date of Incorporation :	13.12.1921

Com. Reg. No.:	00178367

Legal Form :	Private limited with Share Capital

Line of Business :	Retailing through direct home shopping.

No. of Employee :	3315

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

J.D. WILLIAMS & COMPANY LIMITED

GRIFFIN HOUSE40 LEVER STREETMANCHESTERM99 1ZU

Company No

00178367

Company Status

Active - Accounts Filed

Company Summary

Registered Address GRIFFIN HOUSE
40 LEVER STREET
MANCHESTER
M99 1ZU

Trading Address Griffin House
40 Lever Street
Manchester
Lancashire
M99 1ZU

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

Telephone Number 01612382000

Fax Number

TPS No

FPS No

Incorporation Date 13/12/1921

Previous Name

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 29/10/2015

Currency GBP

Share Capital £115,218,344

SIC07 47910

Charity Number -

SIC07 Description RETAIL SALE VIA MAIL ORDER HOUSES OR VIA INTERNET

Principal Activity Retailing through direct home shopping.

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

28/02/2015 £788,373,000 £64,049,000 £363,976,000 3315

01/03/2014 £789,413,000 £96,111,000 £362,672,000 3362

02/03/2013 £740,563,000 £106,865,000 £338,855,000 3190

Mortgage Summary

Total Mortgage 6

Outstanding 2

Satisfied 4

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 3

Total Value of Documented Trade £84,999

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 only made late payments on a low 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 -	2	Total Value of Exact CCJs -	£1,872
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	10
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	30

Current Directors

Name	Nigel Alliance	Date of Birth	28/02/1935
Officers Title	Mr	Nationality	British
Present Appointments	13	Function	Director
Appointment Date	20/12/2012
Address	55 Carrwood, Hale Barns, Altrincham, Cheshire, WA15 0EN

Name	Alan White	Date of Birth	15/04/1955
Officers Title	Mr	Nationality	British
Present Appointments	34	Function	Director
Appointment Date	02/09/2002
Address	Orrell House, Ostlers Lane, Mobberley, Cheshire, WA16 7LY

Name	Ann Steer	Date of Birth	04/07/1972
Officers Title	Mrs	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	07/03/2015
Address	Griffin House 40 Lever Street, Manchester, M60 6ES

Name	Ian Carr	Date of Birth	03/07/1961
Officers Title	Mr	Nationality	British
Present Appointments	59	Function	Director
Appointment Date	13/09/2011
Address	Griffin House 40 Lever Street, Manchester, M60 6ES

Name	Linda Elizabeth Quinn	Date of Birth	29/06/1964
Officers Title	Ms	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	01/02/2013
Address	Griffin House 40 Lever Street, Manchester, M60 6ES

Name	Angela Lesley Spindler	Date of Birth	30/08/1962
Officers Title	Ms	Nationality	British
Present Appointments	3	Function	Director
Appointment Date	01/07/2013
Address	Griffin House, 40 Lever Street, Manchester, M60 6ES

Name	Caroline Jane Massingham	Date of Birth	07/01/1965
Officers Title	Mrs	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	17/03/2014
Address	Griffin House 40 Lever Street, Manchester, M60 6ES

Name	Ralph Eric Tucker	Date of Birth	19/08/1974
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	07/03/2015
Address	Griffin House 40 Lever Street, Manchester, M60 6ES

Name	Andrew Paul Haywood	Date of Birth	21/12/1963
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	04/08/2014
Address	Griffin House, 40 Lever Street, Manchester, M60 6ES

Name	Craig Barry Lovelace	Date of Birth	06/09/1973
Officers Title	Mr	Nationality	British
Present Appointments	69	Function	Director
Appointment Date	11/05/2015
Address	Griffin House 40 Lever Street, Manchester, M60 6ES

Current Company Secretary

Name	Stephanie Louise Beat	Date of Birth	-
Officers Title	Mrs	Nationality
Present Appointments	1	Function	Company Secretary
Appointment Date	29/10/2015
Address	Griffin House 40 Lever Street, Manchester, M60 6ES

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
J D WILLIAMS GROUP LTD	GBP	114,978,264	ORDINARY	1	99.79
J D WILLIAMS GROUP LTD	GBP	120,040	ORDINARY A	1	0.1
J D WILLIAMS GROUP LTD	GBP	120,040	ORDINARY B	1	0.1

Profit & Loss

	Date Of Accounts	28/02/15	(%)	01/03/14	(%)	02/03/13	(%)	03/03/12	(%)	26/02/11
	Weeks	52	(%)	52	(%)	52	(%)	53	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Turnover	£788,373,000	-0.1%	£789,413,000	6.6%	£740,563,000	4.6%	£707,896,000	7.7%	£657,515,000
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Cost of Sales	£381,814,000	1.1%	£377,566,000	7.2%	£352,175,000	4.1%	£338,435,000	10.2%	£307,189,000
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Gross Profit	£406,559,000	-1.3%	£411,847,000	6%	£388,388,000	5.1%	£369,461,000	5.5%	£350,326,000
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Wages & Salaries	£83,877,000	4.7%	£80,134,000	5.7%	£75,836,000	4.3%	£72,680,000	13.1%	£64,277,000
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Directors Emoluments	£2,802,000	21.5%	£2,306,000	-19.2%	£2,855,000	-25.8%	£3,850,000	-34.5%	£5,877,000
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Operating Profit	£74,795,000	-31.9%	£109,794,000	7.7%	£101,988,000	4.2%	£97,902,000	3.2%	£94,863,000
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Depreciation	£22,840,000	14.3%	£19,986,000	7.1%	£18,656,000	17.8%	£15,840,000	15.4%	£13,722,000
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Audit Fees	£170,000	6.3%	£160,000	-	£160,000	-	£160,000	6.7%	£150,000
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Interest Payments	£17,476,000	0%	£17,470,000	-11.5%	£19,734,000	-4.7%	£20,699,000	43.5%	£14,420,000
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Pre Tax Profit	£64,049,000	-33.4%	£96,111,000	-10.1%	£106,865,000	23.2%	£86,767,000	7.6%	£80,625,000
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Taxation	-£15,926,000	29.9%	-£22,720,000	0.9%	-£22,920,000	-62.1%	-£14,141,000	16.3%	-£16,900,000
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Profit After Tax	£48,123,000	-34.4%	£73,391,000	-12.6%	£83,945,000	15.6%	£72,626,000	14%	£63,725,000
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Dividends Payable	£50,000,000	-	£50,000,000	-	£50,000,000	66.7%	£30,000,000	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Retained Profit	-£1,877,000	-108%	£23,391,000	-31.1%	£33,945,000	-20.4%	£42,626,000	-33.1%	£63,725,000

Balance Sheet

	Date Of Accounts	28/02/15	(%)	01/03/14	(%)	02/03/13	(%)	03/03/12	(%)	26/02/11
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Tangible Assets	£176,206,000	22.6%	£143,702,000	0.5%	£142,936,000	4.6%	£136,715,000	4.3%	£131,020,000
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Intangible Assets	£1,949,000	-0.3%	£1,954,000	-0.3%	£1,959,000	1.8%	£1,924,000	1.7%	£1,892,000
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Total Fixed Assets	£178,155,000	22.3%	£145,656,000	0.5%	£144,895,000	4.5%	£138,639,000	4.3%	£132,912,000
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Stock	£93,082,000	7.4%	£86,692,000	3.3%	£83,913,000	5.6%	£79,486,000	6.9%	£74,346,000
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Trade Debtors	£581,486,000	1.7%	£571,500,000	9.9%	£520,032,000	5.2%	£494,522,000	6%	£466,414,000
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Cash	£44,711,000	17.6%	£38,027,000	-51%	£77,685,000	11.4%	£69,758,000	36.2%	£51,211,000
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Other Debtors	£55,360,000	9.5%	£50,576,000	-1.6%	£51,424,000	-31.1%	£74,642,000	3.1%	£72,386,000
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Total Current Assets	£774,639,000	3.7%	£746,795,000	1.9%	£733,054,000	2%	£718,408,000	8.1%	£664,357,000
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Trade Creditors	£68,568,000	17.7%	£58,256,000	-3.9%	£60,612,000	2.8%	£58,970,000	5%	£56,166,000
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Other Short Term Finance	£472,234,000	12.2%	£420,852,000	1%	£416,763,000	-3.7%	£432,738,000	-14.9%	£508,520,000
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Miscellaneous Current Liabilities	£40,594,000	-4.6%	£42,540,000	-22.1%	£54,619,000	3.5%	£52,779,000	-28.4%	£73,695,000
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Total Current Liabilities	£581,396,000	11.5%	£521,648,000	-1.9%	£531,994,000	-2.3%	£544,487,000	-14.7%	£638,381,000
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	£7,422,000	-8.7%	£8,131,000	14.5%	£7,100,000	6.8%	£6,647,000	-17.7%	£8,078,000
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Total Long Term Liabilities	£7,422,000	-8.7%	£8,131,000	14.5%	£7,100,000	6.8%	£6,647,000	-17.7%	£8,078,000

Capital & Reserves

	Date Of Accounts	28/02/15	(%)	01/03/14	(%)	02/03/13	(%)	03/03/12	(%)	26/02/11
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Called Up Share Capital	£115,218,000	-	£115,218,000	-	£115,218,000	0.2%	£114,978,000	999.9%	£120,000
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	P & L Account Reserve	£248,758,000	0.5%	£247,454,000	10.6%	£223,637,000	17.3%	£190,695,000	26.7%	£150,450,000
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Sundry Reserves	-	-	-	-	-	-100%	£240,000	-	£240,000
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Shareholder Funds	£363,976,000	0.4%	£362,672,000	7%	£338,855,000	10.8%	£305,913,000	102.8%	£150,810,000

Other Financial Items

	Date Of Accounts	28/02/15	(%)	01/03/14	(%)	02/03/13	(%)	03/03/12	(%)	26/02/11
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Net Worth	£362,027,000	0.4%	£360,718,000	7.1%	£336,896,000	10.8%	£303,989,000	104.1%	£148,918,000
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Working Capital	£193,243,000	-14.2%	£225,147,000	12%	£201,060,000	15.6%	£173,921,000	569.5%	£25,976,000
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Total Assets	£952,794,000	6.8%	£892,451,000	1.7%	£877,949,000	2.4%	£857,047,000	7.5%	£797,269,000
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Total Liabilities	£588,818,000	11.1%	£529,779,000	-1.7%	£539,094,000	-2.2%	£551,134,000	-14.7%	£646,459,000
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Net Assets	£363,976,000	0.4%	£362,672,000	7%	£338,855,000	10.8%	£305,913,000	102.8%	£150,810,000

Cash Flow

	Date Of Accounts	28/02/15	(%)	01/03/14	(%)	02/03/13	(%)	03/03/12	(%)	26/02/11
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	28/02/15	(%)	01/03/14	(%)	02/03/13	(%)	03/03/12	(%)	26/02/11
	Contingent Liability	YES	-	YES	-	YES	-	YES	-	NO
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Capital Employed	£371,398,000	0.2%	£370,803,000	7.2%	£345,955,000	10.7%	£312,560,000	96.7%	£158,888,000
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Number of Employees	3315	-1.4%	3362	5.4%	3190	-0.5%	3207	2.9%	3117
	Accountants
	Auditors	DELOITTE LLP
	Auditor Comments	The audit report contains no adverse comments
	Bankers	HSBC BANK PLC
	Bank Branch Code

Ratios

	Date Of Accounts	28/02/15	01/03/14	02/03/13	03/03/12	26/02/11
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Pre-tax profit margin %	8.12	12.17	14.43	12.26	12.26
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Current ratio	1.33	1.43	1.38	1.32	1.04
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Sales/Net Working Capital	4.08	3.51	3.68	4.07	25.31
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Gearing %	2	2.20	2.10	2.20	5.40
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Equity in %	38.30	40.70	38.70	35.80	19
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Creditor Days	31.65	26.86	29.79	30.90	31.09
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Debtor Days	268.47	263.51	255.60	259.17	258.20
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Liquidity/Acid Test	1.17	1.26	1.22	1.17	0.92
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Return On Capital Employed %	17.24	25.91	30.88	27.76	50.74
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Return On Total Assets Employed %	6.72	10.76	12.17	10.12	10.11
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Current Debt Ratio	1.59	1.43	1.56	1.77	4.23
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Total Debt Ratio	1.61	1.46	1.59	1.80	4.28
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Stock Turnover Ratio %	11.80	10.98	11.33	11.22	11.30
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\barchart-grey.png$	Return on Net Assets Employed %	17.59	26.50	31.53	28.36	53.46

Report Notes

There are no notes to display.

Status History

No Status History found

*Event History

Date	Description
16/11/2015	New Accounts Filed
16/11/2015	New Accounts Filed
11/11/2015	Mr P.J. Tynan has resigned as company secretary
11/11/2015	New Company Secretary Mrs S.L. Beat appointed
29/07/2015	Payment Data Update Recieved
26/07/2015	Annual Returns
23/07/2015	Payment Data Update Recieved
10/07/2015	Mr D. Moore has left the board
29/06/2015	Mr P.R. Kendrick has left the board
29/06/2015	New Board Member Mr C.B. Lovelace appointed
11/06/2015	New Board Member Mr C.B. Lovelace appointed
04/06/2015	New Board Member Mr C.B. Lovelace appointed
06/04/2015	Mr M. Cheshire has left the board
06/04/2015	New Board Member Mr R.E. Tucker appointed
03/04/2015	New Board Member Mrs A. Steer appointed

Previous Company Names

No Previous Names found

Writ Details

No writs found

Statistics

Group	62 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	J.D. WILLIAMS GROUP LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	N BROWN GROUP PLC

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\tminus.gif$ N BROWN GROUP PLC	00814103	28.02.2015	Y	£818,000,000
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\tminus.gif$ N.BROWN HOLDINGS LIMITED	00815495	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ DALY, HARVEY, MORFIT...	01164272	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ ALEXANDER ROSS (FINA...	01546188	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ D H M (MANAGEMENT SE...	01587373	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\L.gif$ H.B. WAINWRIGHT (FIN...	02015660	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ HOLLAND & HEELEY LIMITED	01970115	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ WINGMARK LIMITED	03174215	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ DALE FINANCIAL SERVICE...	03603674	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ N BROWN GROUP QUEST TR...	03606532	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\tminus.gif$ N BROWN PROPERTY ONE L...	02119196	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ N BROWN PROPERTY THR...	02216828	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\L.gif$ N BROWN PROPERTY TWO...	01313914	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ EUNITE LIMITED	03728761	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\tminus.gif$ HAMMOND HOUSE INVESTME...	01786844	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\L.gif$ HAMMOND HOUSE INVEST...	01861797	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\tminus.gif$ N B FUNDING GUERNSEY LTD	N/A	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\L.gif$ N B GUERNSEY UK	05188345	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ N. BROWN FUNDING LIMITED	03338402	01.03.2014	N	£1,022,828
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\tminus.gif$ NOCHESTER HOLDINGS	IE278351	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\L.gif$ NB FINANCE	IE278352	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ TAGMA LIMITED	01801118	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ VOTE IT LIMITED	03726054	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\tminus.gif$ J.D. WILLIAMS GROUP LI...	00927506	01.03.2014	N	£50,000,000
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ OXENDALE & CO. LIMITED	IE263438	01.03.2014	N	€17,076,432
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\tminus.gif$ J.D. WILLIAMS & COMP...	00178367	28.02.2015	N	£788,373,000
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ LANGLEY HOUSE LIMITED	00373893	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ ALDREX LIMITED	00525786	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ CUSS CONTRACTORS L...	00738659	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ ODHAMS LEISURE GRO...	00751645	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ FIRST FINANCIAL LI...	00815494	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ CRESCENT DIRECT LI...	00836054	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ COMFORTABLY YOURS...	00883222	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ MATURE WISDOM LIMITED	00907811	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ SANDER & KAY LIMITED	01060981	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ FASHION WORLD LIMITED	01814697	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\tminus.gif$ FIGLEAVES GLOBAL T...	03060702	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\L.gif$ T-BRA LIMITED	03936571	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ GRAY & OSBOURN LIM...	03539270	01.03.2014	N	£14,977,695
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ SARTOR LIMITED	03917259	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ HOME SHOPPING DIRE...	04037832	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ FULFILMENT LOGISTI...	04077437	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ NIGHTINGALES LIMITED	06408662	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ BETTER LIVING LIMITED	00987269	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ CLASSIC COMBINATIO...	00310933	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ DALE HOUSE (MAIL O...	00803971	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ HALWINS LIMITED	01185489	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ HARTINGDON HOUSE L...	01576631	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ HEATHER VALLEY (WO...	SC036376	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ HILTON MAILING LIM...	01538671	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ JDW FINANCE LIMITED	04968326	01.03.2014	N	£10,534,204
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ E. LANGFIELD & COM...	00256737	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ MELGOLD LIMITED	01908187	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ OXENDALE & COMPANY...	00153451	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ SPECIALITY HOME SH...	03941468	01.03.2014	N	£10,383,438
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ THE VALUE CATALOGU...	00907904	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\tminus.gif$ WHITFORDS(BURY)LIM...	00489999	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ WHITFORDS(COSYTRE...	00598559	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ BURY BOOT & SHOE...	00516589	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\L.gif$ WHITFORDS (TEXTIL...	01411524	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\T.gif$ J.D. WILLIAMS MERC...	00362263	01.03.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\J.D. WILLIAMS & COMPANY LIMITED_files\L.gif$ AMBROSE WILSON LIM...	00144766	01.03.2014	N

Exact CCJ Details

Date	Court	Amount	Status	Case Number	Date Paid
21/09/2015	COUNTY COURT MONEY CLAIMS CENTRE	£346	Judgment	B56YM147	-
02/02/2011	IPSWICH	£1,526	Judgment	1UC01102	-

Possible CCJs Details

Possible CCJ matches show CCJs that may be matched to a company based on various criteria such as similar trading names or addresses. This data is provided for your information only as an aid to decision-making and does not affect a company’s rating.

There are no possible CCJ details

Mortgage Details

Mortgage Type:	DEED OF CHARGE
Date Charge Created:	16/04/04
Date Charge Registered:	23/04/04
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	REGENCY ASSETS LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	A) ALL ITS RIGHT TITLE AND INTEREST IN AND TO THE APPLICABLE CHARGED MONIES B) ALL BOOK AND OTHER DEBTS, REVENUES AND CLAIMS C) ALL ITS RIGHTS, TITLE AND INTEREST IN AND TO THE RELEVANT CONTRACTS ANDTHE ANCILLARY RECEIVABLE RIGHTS D) ALL ITS RIGHT TITLE ADN INTEREST IN AND TO THE SHARES SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	ASSIGNATION IN SECURITY
Date Charge Created:	16/04/04
Date Charge Registered:	23/04/04
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	REGENCY ASSETS LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	THE RIGHT TITLE AND INTEREST IN AND TO A) ALL BOOK AND OTHER DEBTS, REVENUES AND CLAIMS B) THE RELEVANT CONTRACTS AND THE ANCILLARY RECEIVABLES RIGHTS C) THE RECEIVABLES SALE AGREEMENT SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	SCOTTISH ASSIGNATION IN SECURITY
Date Charge Created:	07/06/02
Date Charge Registered:	24/06/02
Date Charge Satisfied:	22/04/04
Status:	SATISFIED
Person(s) Entitled:	HOMESHOP PARTICIPANT LIMITED
Amount Secured:	ALL MONEYS,OBLIGATIONS AND LIABILITIES DUE OR TO BECOME DUE FROM THE COMPANY TOTHE CHARGEE UNDER THETERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	ALL RIGHT,TITLE,INTEREST AND BENEFIT TOALL BOOK AND OTHER DEBTS,REVENUES AND CLAIMS AND ALL OTHER RIGHTS AND INTEREST IN AND TO THE RELEVANT CONTRACTS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	DEED OF CHARGE AND ASSIGNMENT
Date Charge Created:	07/06/02
Date Charge Registered:	24/06/02
Date Charge Satisfied:	22/04/04
Status:	SATISFIED
Person(s) Entitled:	HOMESHOP PARTICIPANT LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	ALL RIGHT,TITLE AND INTEREST IN AND TO THE CHARGED MONIES,ALL BOOK/OTHER DEBTS,REVENUES AND CLAIMS WHATSOEVER AND ALL OTHER RIGHTS TITLE AND INTEREST IN AND TOTHE RELEVANT CONTRACTS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	DEED OF CHARGE
Date Charge Created:	30/09/83
Date Charge Registered:	04/10/80
Date Charge Satisfied:	04/10/80
Status:	SATISFIED
Person(s) Entitled:	THE SECRETARY OF STATE FOR TRADE & INDUSTRY
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF THE CHARGE.
Details:	ALL MONIES WHICH ARE NOW OR WHICH HEREAFTER SHALL BECOME PAYABLE TO THE COMPANYPURSUANT TO ANY CONTRACT COVERED BY THEEXPORTS CREDITS GURARANTEE DEPARTMENT UNDER OR COMPREHENSIVE SHORT TERM GUARANTEETO THE COMPANY
Mortgage Type:	DEED OF CHARGE
Date Charge Created:	23/07/80
Date Charge Registered:	25/07/80
Date Charge Satisfied:	25/07/80
Status:	SATISFIED
Person(s) Entitled:	BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	FIXED CHARGE ON ALL SIMS PAID TO THE COMPANY FOR SALE OF GOODS. BENEFIT OF BILLS OF EXCHANGE GUARANTEES & OTHER RIGHTS ANY RIGHTS OF PROPERTY. BOOK DOCUMENTS STATIONERY & COMPUTER PROGRAMMES.(FOR FULL DETAILS SEE DOC M/124)

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	3	£84,999
Company Name		Amount	Statement Date
Personalised Gifts Company Ltd		£58,932	28/04/2011
Personalised Gifts Company Ltd		£15,000	28/04/2011
Holsted Marketing International Limited		£11,067	29/03/2011

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Alan Thomas Street	0	6
Peter John Tynan	17	66
Iain Sinclair MacFarlane	0	10
Robert David Yates	0	14
Denis George Montgomery Williams	0	1
Nigel Ferguson Green	0	12
Iain Anderson Beveridge	0	2
Timothy Peter Wood	0	5
Gerald Cook	0	3
James Martin	13	65
Robert Michael Cunningham	2	2
Timothy John Kowalski	3	106
John Hinchcliffe	9	41
Angrew Stephen Lee	0	1
Keith James Risk	1	11
Michael Irvine Greenwood	2	8
Michael Stuart Bullas	1	19
Dean Moore	13	115
Mark Adrian Armitage	7	11
Paul Newell Short	1	15
Keith Basnett	2	9
Graham Green	5	70
Neil Angus McGowan	7	2
Judith Margaret Burgin	1	2
Paul Robert Kendrick	5	38
Alan White	13	30
Christopher John McMellon	0	1
Andrew Thomas Higginson	1	1
Mark Cheshire	0	6
Jonathan Harry Cecil Fogwill	0	1
Average Invoice Value		Ł6001.20
Invoices available		4852
Paid		4715
Outstanding		137

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	4160	388	87	30	50
Outstanding	0	0	136	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

INFORMATION DETAILS

Analysis Done by :	DIV

Report Prepared by :	TRU

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.