MIRA INFORM REPORT

Report No. :	344955
Report Date :	12.10.2015

IDENTIFICATION DETAILS

Name :	RADLEY + CO. LIMITED
Formerly Known As :	THE TULA GROUP OF COMPANIES LIMITED
Registered Office :	Mcbeath House 310 Goswell Road London EC1V 7LW
Country :	United Kingdom
Financials (as on) :	30.04.2014
Date of Incorporation :	15.01.1991
Com. Reg. No.:	02573819
Legal Form :	Private limited with Share Capital
Line of Business :	Design and sale of own branded leather goods and accessories.
No. of Employee :	202

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 leadingTRADING 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 financialMARKETS. 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 businessINVESTMENT 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 housingMARKET.

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

RADLEY + CO. LIMITED

Company No

02573819

Registered Address

MCBEATH HOUSE 310 GOSWELL ROAD LONDON EC1V 7LW

Company Summary

Registered Address	C/O RADLEY, 3RD FLOOR MCBEATH HOUSE 310 GOSWELL ROAD LONDON EC1V 7LW	Trading Address	McBeath House 310 Goswell Road London EC1V 7LW
Website Address	http://www.radleyandco.com
Telephone Number		Fax Number
TPS		FPS	No
Incorporation Date	15/01/1991
Previous Name	THE TULA GROUP OF COMPANIES LIMITED	Type	Private limited with Share Capital
FTSE Index	--	Date of Change	05/07/2006
Filing Date of Accounts	30/01/2015	Currency	GBP
Share Capital	£67,550	SIC07	70100
Charity Number	--
SIC07 Description	ACTIVITIES OF HEAD OFFICES
Principal Activity	Design and sale of own branded leather goods and accessories.

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder	Funds Employees
30/04/2014	£38,534,958	£1,073,229	£16,870,232	202
30/04/2013	£34,096,541	-£1,690,594	£16,082,358	191
30/04/2012	£41,239,280	-£737,405	£17,492,065	166

Mortgage Summary

Total Mortgage 13

Outstanding 4

Satisfied 9

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 7

Total Value of Documented Trade £51,352

Commentary

This company has been treated as a Large company in respect of the rating/limit generated.

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

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

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	8
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	15

Current Directors

Name	Richard Lewis Tudor	Date of Birth	23/10/1971
Officers Title	Mr	Nationality	British
Present Appointments	9	Function	Director
Appointment Date	22/04/2013
Address	Mcbeath House 310 Goswell Road, London, EC1V 7LW

Name	Jayne Mary Worden	Date of Birth	30/01/1969
Officers Title	Mrs	Nationality	British
Present Appointments	6	Function	Director
Appointment Date	02/12/2013
Address	Mcbeath House 310 Goswell Road, London, EC1V 7LW

Name	Roger Clive Best	Date of Birth	17/03/1952
Officers Title	Mr	Nationality	British
Present Appointments	14	Function	Director
Appointment Date	23/01/2012
Address	Mcbeath House 310 Goswell Road, London, EC1V 7LW

Name	Oliver Bradley Bower	Date of Birth	28/08/1976
Officers Title	Mr	Nationality	British
Present Appointments	14	Function	Director
Appointment Date	22/04/2013
Address	Mcbeath House 310 Goswell Road, London, EC1V 7LW

Name	Philip Hugh Lenon	Date of Birth	20/02/1960
Officers Title	Mr	Nationality	British
Present Appointments	13	Function	Director
Appointment Date	22/04/2013
Address	Mcbeath House 310 Goswell Road, London, EC1V 7LW

Name	Lowell Judith Harder	Date of Birth	15/04/1947
Officers Title	Mrs	Nationality	Australian
Present Appointments	1	Function	Director
Appointment Date	22/04/2013
Address	Mcbeath House 310 Goswell Road, London, EC1V 7LW

Name	Nicholas James Vance	Date of Birth	30/06/1969
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	22/04/2013
Address	Mcbeath House 310 Goswell Road, London, EC1V 7LW

Name	Naomi Halliday	Date of Birth	01/02/1973
Officers Title	Mrs	Nationality	British
Present Appointments	3	Function	Director
Appointment Date	02/12/2013
Address	Mcbeath House 310 Goswell Road, London, EC1V 7LW

Current Company Secretary

Name	Gregory Pratt	Date of Birth	-
Officers Title	Mr	Nationality
Present Appointments	1	Function	Company Secretary
Appointment Date	02/03/2012
Address	Mcbeath House 310 Goswell Road, London, EC1V 7LW

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
TULA GROUP LTD	GBP	67,550	ORDINARY	1	100

Profit & Loss

Date Of Accounts	30/04/14	(%)	30/04/13	(%)	30/04/12	(%)	30/04/11	(%)	30/04/10
Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
Turnover	£38,534,958	13%	£34,096,541	-17.3%	£41,239,280	-8.5%	£45,050,893	-5.3%	£47,573,857
Export	-	-	£3,334,145	-48.3%	£6,443,531	127.1%	£2,836,982	-5.3%	£2,995,919
Cost of Sales	£25,845,870	6.6%	£24,246,143	-11.5%	£27,386,744	-4.4%	£28,651,524	2.5%	£27,951,673
Gross Profit	£12,689,088	28.8%	£9,850,398	-28.9%	£13,852,536	-15.5%	£16,399,369	-16.4%	£19,622,184
Wages & Salaries	£6,692,842	12.3%	£5,960,400	-9.7%	£6,599,270	1.1%	£6,527,241	8.4%	£6,019,771
Directors Emoluments	£444,855	723.8%	£54,000	-92%	£676,377	52.8%	£442,658	-52.7%	£936,782
Operating Profit	£1,102,986	166.5%	-£1,657,460	-233.8%	-£496,576	-115.7%	£3,163,132	-0.2%	£3,170,441
Depreciation	£928,390	101%	£461,859	13.3%	£407,814	-12.8%	£467,425	-3.3%	£483,316
Audit Fees	£52,000	-	£52,000	8.3%	£48,000	12.9%	£42,500	-2.3%	£43,500
Interest Payments	£29,757	-10.2%	£33,134	-29.8%	£47,197	-19.7%	£58,760	129%	£25,657
Pre Tax Profit	£1,073,229	163.5%	-£1,690,594	-129.3%	-£737,405	-123.7%	£3,105,935	-2.8%	£3,195,492
Taxation	-£285,355	-201.6%	£280,887	114.3%	£131,062	114.4%	-£910,324	3.1%	-£939,759
Profit After Tax	£787,874	155.9%	-£1,409,707	-132.5%	-£606,343	-127.6%	£2,195,611	-2.7%	£2,255,733
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	£787,874	155.9%	-£1,409,707	-132.5%	-£606,343	-127.6%	£2,195,611	-2.7%	£2,255,733

Balance Sheet

Date Of Accounts	30/04/14	(%)	30/04/13	(%)	30/04/12	(%)	30/04/11	(%)	30/04/10
Tangible Assets	£1,065,309	-40.6%	£1,794,410	54%	£1,165,282	-19.9%	£1,455,046	-16%	£1,731,763
Intangible Assets	£123,825	-17.5%	£150,162	-14.6%	£175,743	-2.3%	£179,803	-5.8%	£190,897
Total Fixed Assets	£1,189,134	-38.8%	£1,944,572	45%	£1,341,025	-18%	£1,634,849	-15%	£1,922,660
Stock	£6,893,902	0.1%	£6,887,200	5.3%	£6,539,755	-26.8%	£8,934,480	33.6%	£6,685,930
Trade Debtors	£1,346,323	8.2%	£1,244,065	-41.6%	£2,129,367	-43.9%	£3,793,583	-13.8%	£4,401,611
Cash	£2,395,658	111.1%	£1,135,090	-77.2%	£4,978,251	4.8%	£4,752,003	-55.2%	£10,602,937
Other Debtors	£79,765,423	1.2%	£78,821,070	12.1%	£70,289,360	3.1%	£68,203,256	29.3%	£52,731,265
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	£90,401,306	2.6%	£88,087,425	4.9%	£83,936,733	-2%	£85,683,322	15.1%	£74,421,743
Trade Creditors	£1,851,661	-23.8%	£2,430,350	93.3%	£1,257,005	-49.3%	£2,479,486	129.7%	£1,079,356
Bank Loans & Overdrafts	0	-100%	£471,415	25.7%	£375,000	-	£375,000	-	0
Other Short Term Finance	£63,177,601	2.8%	£61,434,596	10.1%	£55,782,558	0.2%	£55,656,359	8.3%	£51,402,023
Miscellaneous Current Liabilities	£8,586,264	1.8%	£8,433,018	-3.5%	£8,738,250	-0.8%	£8,806,669	24.1%	£7,094,932
Total Current Liabilities	£73,615,526	1.2%	£72,769,379	10%	£66,152,813	-1.7%	£67,317,514	13%	£59,576,311
Bank Loans & Overdrafts and LTL	£1,104,682	-33.1%	£1,651,675	-17.7%	£2,007,880	-11.8%	£2,277,249	161.2%	£871,835
Other Long Term Finance	0	-	0	-	0	-	0	-	0
Total Long Term Liabilities	£1,104,682	-6.4%	£1,180,260	-27.7%	£1,632,880	-14.2%	£1,902,249	118.2%	£871,835

Capital & Reserves

Date Of Accounts	30/04/14	(%)	30/04/13	(%)	30/04/12	(%)	30/04/11	(%)	30/04/10
Called Up Share Capital	£67,550	-	£67,550	-	£67,550	-	£67,550	-	£67,550
P & L Account Reserve	£16,608,232	5%	£15,820,358	-8.2%	£17,230,065	-3.4%	£17,836,408	14.1%	£15,634,257
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	£194,450	-	£194,450	-	£194,450	-	£194,450	-	£194,450
Shareholder Funds	£16,870,232	4.9%	£16,082,358	-8.1%	£17,492,065	-3.4%	£18,098,408	13.9%	£15,896,257

Other Financial Items

Date Of Accounts	30/04/14	(%)	30/04/13	(%)	30/04/12	(%)	30/04/11	(%)	30/04/10
Net Worth	£16,746,407	5.1%	£15,932,196	-8%	£17,316,322	-3.4%	£17,918,605	14.1%	£15,705,360
Working Capital	£16,785,780	9.6%	£15,318,046	-13.9%	£17,783,920	-3.2%	£18,365,808	23.7%	£14,845,432
Total Assets	£91,590,440	1.7%	£90,031,997	5.6%	£85,277,758	-2.3%	£87,318,171	14.4%	£76,344,403
Total Liabilities	£74,720,208	1%	£73,949,639	9.1%	£67,785,693	-2.1%	£69,219,763	14.5%	£60,448,146
Net Assets	£16,870,232	4.9%	£16,082,358	-8.1%	£17,492,065	-3.4%	£18,098,408	13.9%	£15,896,257

Cash Flow

Date Of Accounts	30/04/14	(%)	30/04/13	(%)	30/04/12	(%)	30/04/11	(%)	30/04/10
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	30/04/14	(%)	30/04/13	(%)	30/04/12	(%)	30/04/11	(%)	30/04/10
Contingent Liability	YES	-	YES	-	YES	-	YES	-	YES
Capital Employed	£17,974,914	4.1%	£17,262,618	-9.7%	£19,124,945	-4.4%	£20,000,657	19.3%	£16,768,092
Number of Employees	202	5.8%	191	15.1%	166	-6.7%	178	14.8%	155

Accountants
Auditors	ERNST & YOUNG LLP
Auditor Comments	The audit report contains no adverse comments
Bankers	LLOYDS TSB BANK PLC
Bank Branch Code	30-00-02

Ratios

Date Of Accounts	30/04/14	30/04/13	30/04/12	30/04/11	30/04/10
Pre-tax profit margin %	2.79	-4.96	-1.79	6.89	6.72
Current ratio	1.23	1.21	1.27	1.27	1.25
Sales/Net Working Capital	2.30	2.23	2.32	2.45	3.20
Gearing %	6.50	10.30	11.50	12.60	5.50
Equity in %	18.40	17.90	20.60	20.80	20.90
Creditor Days	17.49	25.94	11.09	20.03	8.25
Debtor Days	12.71	13.28	18.79	30.65	33.67
Liquidity/Acid Test	1.13	1.11	1.16	1.14	1.13
Return On Capital Employed %	5.97	-9.79	-3.85	15.52	19.05
Return On Total Assets Employed %	1.17	-1.87	-0.86	3.55	4.18
Current Debt Ratio	4.36	4.52	3.78	3.71	3.74
Total Debt Ratio	4.42	4.59	3.87	3.82	3.80
Stock Turnover Ratio %	17.88	20.19	15.85	19.83	14.05
Return on Net Assets Employed %	6.36	-10.51	-4.21	17.16	20.10

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
18/08/2015	Payment Data Update Recieved
01/07/2015	Mr X.M. Simonet has left the board
09/02/2015	New Accounts Filed
24/01/2015	Annual Returns
22/08/2014	Change in Reg.Office
22/08/2014	Change of Company Postcode
22/05/2014	New Accounts Filed
22/05/2014	New Accounts Filed
10/02/2014	Annual Returns
05/02/2014	New Board Member Mrs N. Halliday appointed
05/02/2014	New Board Member Mr X.M. Simonet appointed
05/02/2014	New Board Member Mrs J.M. Worden appointed
05/12/2013	Mr P.B. Allen has left the board
29/10/2013	Mr P. Donoghue has left the board
07/06/2013	New Board Member Mr O.B. Bower appointed

Previous Company Names

Date	Previous Name
05/07/2006	THE TULA GROUP OF COMPANIES LIMITED
27/01/2003	THE TULA GROUP OF COMPANIES PLC

Writ Details

No writs found

Statistics

Group	13 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	TULA GROUP LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	TRULY SPV 1 LIMITED

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
TRULY SPV 1 LIMITED	06366226	30.04.2014	Y	£64,314,000
MILO SPV 4 LIMITED	07822441	30.04.2014	N
RADLEY SPV 2 LIMITED	06366211	30.04.2014	N
DEEPLY SPV 3 LIMITED	06366212	30.04.2014	N
RADLEY GROUP LIMITED	05709805	30.04.2014	N
RADLEY FINANCE LI...	05707905	30.04.2014	N
RADLEY ACQUISIT...	05707910	30.04.2014	N
TULA GROUP LI...	04433635	30.04.2014	N
RADLEY + CO...	02573819	30.04.2014	N	£38,534,958
HIDESIGN...	02571454	30.04.2014	N
LOCKEY BR...	00587561	30.04.2014	N
RADLEY RE...	02572572	30.04.2014	N	£41,138,820
TULA BAGS...	01293297	30.04.2014	N

Mortgage Details

Mortgage Type:	SUPPLEMENTAL LEGAL MORTGAGE
Date Charge Created:	22/08/12
Date Charge Registered:	30/08/12
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	LLOYDS TSB BANK PLC (IN ITS CAPACITY AS SECURITY AGENT)
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM EACH OBLIGOR TO THE CHARGEE AND/OR THE OTHER SECURED PARTIES (OR ANY OF THEM) ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OFTHE AFOREMENTIONED INSTRUMENT CREATING OREVIDENCING THE CHARGE
Details:	L/H PROPERTY K/A UNIT 1, SITE B BRUDENELL DRIVE, BRINKLOW, MILTON KEYNES SEE IMAGE FOR FULL DETAILS
Mortgage Type:	INSURANCE ASSIGNMENT
Date Charge Created:	26/11/09
Date Charge Registered:	04/12/09
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	LLOYDS TSB BANK PLC (SECURITY AGENT)
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM EACH OBLIGOR TO THE CHARGEE AND/OR THE OTHER SECURED PARTIES (OR ANY OF THEM) ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OFTHE AFOREMENTIONED INSTRUMENT CREATING OREVIDENCING THE CHARGE
Details:	THE POLICIES WITH THE INSURER AEGON SCOTTISH EQUITABLE, LIVES ASSURED SVEN WILLI SWITHIN GAEDE, JONATHAN NEIL BLANCHARD, LOWELL JUDITH HARDER, SEE IMAGE FOR FULL DETAILS

Mortgage Type:	DEBENTURE
Date Charge Created:	09/12/07
Date Charge Registered:	18/12/07
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	LLOYDS TSB BANK PLC (SECURITY AGENT)
Amount Secured:	ALL MONIES DUE OR TO BECOME FROM EACH OBLIGOR TO THE CHARGEE AND/OR THE OTHER SECURED PARTIES (OR ANY OF THEM) UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	UNIT 1 SITE B BRUNDELL DRIVE BRINKLOW MI FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	INSURANCE ASSIGNMENT
Date Charge Created:	09/12/07
Date Charge Registered:	18/12/07
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	LLOYDS TSB BANK PLC (SECURITY AGENT)
Amount Secured:	ALL MONIES DUE OR TO BECOME FROM EACH OBLIGOR TO THE CHARGEE AND/OR THE OTHER SECURED PARTIES (OR ANY OF THEM) UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	THE POLICIES WITH BASSETT LIFE,LIFE ASSURED:LOWELL HARDER, ROGER BEST, NUMBEREDASL21037, ASL20971, SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	AN OMNIBUS GUARANTEE AND SET-OFF AGREEMENT
Date Charge Created:	12/07/06
Date Charge Registered:	01/08/06
Date Charge Satisfied:	26/02/08
Status:	SATISFIED
Person(s) Entitled:	LLOYDS TSB BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ANY SUMS OR SUMS STANDING TO THE CREDITIF ANY ONE OR MORE OF ANY PRESENT OF FUTURE ACCOUNTS OF THE COMPANY WITH THE BANK WHETHER SUCH ACCOUNTS BE DENOMINATED IN STERLING OR IN A CURRENCY OR CURRENCIESOTHER THAN STERLING.
Mortgage Type:	DEBENTURE
Date Charge Created:	25/02/06
Date Charge Registered:	09/03/06
Date Charge Satisfied:	26/02/08
Status:	SATISFIED
Person(s) Entitled:	LLOYDS TSB BANK PLC (AS SECURITY AGENT FOR THE SECURED PARTIES)
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM ANY MEMBER OF THE GROUP TO THE CHARGEE AND/OR THE OTHER SECUREDPARTIES OR ANY OF THEM ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	UNIT 1, SITE B, BRUNDELL DRIVE, BRINKLOW, MILTON KEYNES T/N BM296212 FIXED AND FLOATING CHARGES OVERTHE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	DEBENTURE
Date Charge Created:	21/02/03
Date Charge Registered:	28/02/03
Date Charge Satisfied:	02/03/06
Status:	SATISFIED
Person(s) Entitled:	LOWELL JUDITH HARDER
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:	FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	DEBENTURE
Date Charge Created:	21/02/03
Date Charge Registered:	28/02/03
Date Charge Satisfied:	02/03/06
Status:	SATISFIED
Person(s) Entitled:	ALAN MARK WARNER,MALCOLM WARNER,CHRISTOPHER HOWELL AND PETER MYERS
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:	FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	MORTGAGE DEBENTURE
Date Charge Created:	16/02/95
Date Charge Registered:	20/02/95
Date Charge Satisfied:	02/03/06
Status:	SATISFIED
Person(s) Entitled:	SINGER & FRIEDLANDER LIMITED
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 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	A CREDIT AGREEMENT
Date Charge Created:	09/03/93
Date Charge Registered:	12/03/93
Date Charge Satisfied:	02/03/06
Status:	SATISFIED
Person(s) Entitled:	CLOSE BROTHERS LIMITED
Amount Secured:	£56980 DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF AN AGREEMENT
Details:	ALL RIGHT TITLE AND INTEREST IN AND TO ALL SUMS PAYABLE UNDER THE INSURANCE

Mortgage Type:	CREDIT AGREEMENT
Date Charge Created:	18/02/93
Date Charge Registered:	24/02/93
Date Charge Satisfied:	02/03/06
Status:	SATISFIED
Person(s) Entitled:	CLOSE BROTHERS LIMITED
Amount Secured:	£17230.80 DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF THE CHARGE
Details:	ALL RIGHT TITLE AND INTEREST IN AND TO ALL SUMS PAYABLE UNDER THE INSURANCES PARTICULARS OF WHICH ARE SET OUT ON THE PAPER APART TO FORM 395 PLEASE SEE FORM 395 M209C FOR FULL DETAILS
Mortgage Type:	DEBENTURE
Date Charge Created:	01/09/92
Date Charge Registered:	10/09/92
Date Charge Satisfied:	08/04/95
Status:	SATISFIED
Person(s) Entitled:	CREDIT LYONNAIS BANK NEDERLAND N.V.
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:	DEBENTURE
Date Charge Created:	14/11/91
Date Charge Registered:	29/11/91
Date Charge Satisfied:	18/08/93
Status:	SATISFIED
Person(s) Entitled:	STATE BANK OF SOUTH AUSTRALIA
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

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	7	£51,352

Company Name	Amount	Statement Date
Olympus Optical Ltd	£38,387	10/06/2014
Hardings Limited	£4,381	27/01/2011
Marr's Leather Shops Limited	£4,049	16/06/2010
H H Cox (Tailors) Ltd	£2,124	30/11/2010
Plain Leather Limited	£1,251	30/08/2012
D R Swann (St Albans) Limited	£796	02/02/2012
Panache Of Cookham Limited	£364	21/03/2013

Previous Director/Company Secretaries

Name		Current Directorships	Previous Directorships
Pelham Brian Allen		2	12
Philip Joseph Myers		6	9
Philip Joseph Myers		6	9
Malcolm Warner		1	2
Lowell Judith Harder		1	11
Anthony John Darcy Corlett		7	9
Jonathan Neil Blanchard		9	59
Jonathan Neil Blanchard		9	59
Justin Robert Anthony Murphy		0	11
Justin Robert Anthony Murphy		0	11
Selwyn Mario Pius Rodrigues		1	20
Alan Mark Warner		3	7
Sven Willi Swithin Gaede		0	15
Paul Donoghue		0	2
Xavier Marie Olivier Simonet		0	6
Average Invoice Value	Ł347.07
Invoices available	13
Paid	12
Outstanding	1

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	5	7	0	0	0
Outstanding	0	0	0	1	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.64.78
UK Pound	1	Rs.99.54
Euro	1	Rs.73.08

INFORMATION DETAILS

Analysis Done by :	HNA
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.