MIRA INFORM REPORT

Report No. :	475414.2
Report Date :	12.04.2018

IDENTIFICATION DETAILS

Name :	J.D. WILLIAMS & COMPANY LIMITED
Registered Office :	Griffin House, 40 Lever Street, Manchester, M99 1ZU
Country :	United Kingdom
Financials (as on) :	04.03.2017
Date of Incorporation :	13.12.1921
Com. Reg. No.:	00178367
Legal Form :	Private Limited with Share Capital
Line of Business :	· Retail sale via mail order houses or via internet · Retailing through direct home shopping
No. of Employees :	2695 [2017]

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Good
Payment Behaviour :	Regular
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

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
United Kingdom	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	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; 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 the UK’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 then CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which has continued under the Conservative government. However, the deficit still remains one of the highest in the G7, standing at 3.6% of GDP as of 2017, and the UK has pledged to lower its corporation tax from 20% to 17% by 2020. The UK had a debt burden of 90.4% GDP at the end of 2017.

The UK’s economy has begun to slow since the referendum vote to leave the EU in June 2016. A sustained depreciation of the British pound has increased consumer and producer prices, weighing on consumer spending without spurring a meaningful increase in exports. The UK has an extensive trade relationship with other EU members through its single market membership and economic observers have warned the exit will jeopardize its position as the central location for European financial services. Prime Minister MAY is seeking a new “deep and special” trade relationship with the EU following the UK’s exit. However, economists doubt that the UK will be able to preserve the benefits of EU membership without the obligations.

Source : CIA

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.nbrown.co.uk

Company Number 00178367

Telephone Number 01612382000

Fax Number -

TPS No

FPS Yes

Incorporation Date 13/12/1921

Previous Name -

Type Private Limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 15/06/2017

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.

Additional Information

CCJ's 2 (£1,156)

28/07/2016 COUNTY COURT BUSINESS CENTRE £810 Satisfied

21/09/2015 COUNTY COURT MONEY CLAIMS CENTRE £346 Satisfied

- - - -

Ultimate Holding Company N BROWN GROUP PLC

Accountant -

Mortgages 6

Trade Debtors -

Group 54 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder	Funds Employees
04.03.2017	£868,684,000	£58,301,000	£308,689,000	2695
27.02.2016	£837,183,000	£57,050,000	£316,292,000	2889
28.02.2015	£807,578,000	£66,041,000	£314,191,000	3315

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.

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.

This company trades in an industry with a higher 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 -	2	Total Value of Satisfied CCJs -	£1,156
Total Number of Writs -	-

Total Current Directors	10	Total Current Secretaries	1
Total Previous Directors / Company Secretaries	33	Total Person's With Significant Control	1

Current Directors

Title	Mr	Function	Director
Name	Nigel Alliance	Nationality	British
Date of Birth	02/1935	Present Appointments	10
Latest Address	55 Carrwood, Hale Barns, Altrincham, Cheshire	Appointment Date	20/12/2012
Post Code	WA15 0EN
Title	Mr	Function	Director
Name	Alan White	Nationality	British
Date of Birth	04/1955	Present Appointments	18
Latest Address	Orrell House, Ostlers Lane, Mobberley, Cheshire	Appointment Date	02/09/2002
Post Code	WA16 7LY

Title	Mrs	Function	Director
Name	Ann Steer	Nationality	British
Date of Birth	07/1972	Present Appointments	1
Latest Address	Griffin House 40 Lever Street, Manchester	Appointment Date	07/03/2015
Post Code	M60 6ES
Title	Mr	Function	Director
Name	Ian Carr	Nationality	British
Date of Birth	07/1961	Present Appointments	6
Latest Address	Griffin House 40 Lever Street, Manchester	Appointment Date	13/09/2011
Post Code	M60 6ES

Title	Ms	Function	Director
Name	Angela Lesley Spindler	Nationality	British
Date of Birth	08/1962	Present Appointments	3
Latest Address	Griffin House, 40 Lever Street, Manchester	Appointment Date	01/07/2013
Post Code	M60 6ES
Title	Mr	Function	Director
Name	Richard John Clark	Nationality	British
Date of Birth	01/1975	Present Appointments	1
Latest Address	Griffin House, 40 Lever Street, Manchester	Appointment Date	02/05/2017
Post Code	M60 6ES

Title	Mr	Function	Director
Name	Stephen Johnson	Nationality	British
Date of Birth	05/1972	Present Appointments	1
Latest Address	Griffin House 40 Lever Street, Manchester	Appointment Date	25/02/2016
Post Code	M60 6ES
Title	Mr	Function	Director
Name	Andrew Paul Haywood	Nationality	British
Date of Birth	12/1963	Present Appointments	1
Latest Address	Griffin House, 40 Lever Street, Manchester	Appointment Date	04/08/2014
Post Code	M60 6ES

Title	Mr	Function	Director
Name	Craig Barry Lovelace	Nationality	British
Date of Birth	09/1973	Present Appointments	54
Latest Address	Griffin House 40 Lever Street, Manchester	Appointment Date	11/05/2015
Post Code	M60 6ES
Title	Mr	Function	Director
Name	Ralph Eric Tucker	Nationality	British
Date of Birth	08/1974	Present Appointments	49
Latest Address	Griffin House 40 Lever Street, Manchester	Appointment Date	07/03/2015
Post Code	M60 6ES

Current Company Secretary

Title	Mrs	Function	Company Secretary
Name	Theresa Casey	Nationality
Date of Birth	-	Present Appointments	1
Latest Address	Griffin House 40 Lever Street, Manchester	Appointment Date	24/06/2016
Post Code	M60 6ES

Top 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	04/03/17	(%)	27/02/16	(%)	28/02/15	(%)	01/03/14	(%)	02/03/13
	Weeks	53	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
	Turnover	£868,684,000	3.8%	£837,183,000	3.7%	£807,578,000	2.3%	£789,413,000	6.6%	£740,563,000
	Export	-	-	-	-	-	-	-	-	-
	Cost of Sales	£394,352,000	5.8%	£372,815,000	3.9%	£358,756,000	-5%	£377,566,000	7.2%	£352,175,000
	Gross Profit	£474,332,000	2.1%	£464,368,000	3.5%	£448,822,000	9%	£411,847,000	6%	£388,388,000
	Wages & Salaries	£76,068,000	-1.9%	£77,544,000	-7.6%	£83,877,000	4.7%	£80,134,000	5.7%	£75,836,000
	Directors Emoluments	£3,943,000	7.6%	£3,666,000	30.8%	£2,802,000	21.5%	£2,306,000	-19.2%	£2,855,000
	Operating Profit	£73,896,000	4.1%	£70,995,000	-7.5%	£76,787,000	-30.1%	£109,794,000	7.7%	£101,988,000
	Depreciation	£6,128,000	8.2%	£5,661,000	-23.7%	£7,422,000	-62.9%	£19,986,000	7.1%	£18,656,000
	Audit Fees	£161,000	0.6%	£160,000	-	£160,000	-	£160,000	-	£160,000
	Interest Payments	£19,510,000	7.6%	£18,132,000	3.8%	£17,476,000	0%	£17,470,000	-11.5%	£19,734,000
	Pre Tax Profit	£58,301,000	2.2%	£57,050,000	-13.6%	£66,041,000	-31.3%	£96,111,000	-10.1%	£106,865,000
	Taxation	-£13,951,000	18.7%	-£17,167,000	-6%	-£16,202,000	28.7%	-£22,720,000	0.9%	-£22,920,000
	Profit After Tax	£44,350,000	11.2%	£39,883,000	-20%	£49,839,000	-32.1%	£73,391,000	-12.6%	£83,945,000
	Dividends Payable	£50,000,000	-	£50,000,000	-	£50,000,000	-	£50,000,000	-	£50,000,000
	Retained Profit	-£5,650,000	44.2%	-£10,117,000	-999.9%	-£161,000	-100.7%	£23,391,000	-31.1%	£33,945,000

Balance Sheet

	Date Of Accounts	04/03/17	(%)	27/02/16	(%)	28/02/15	(%)	01/03/14	(%)	02/03/13
	Tangible Assets	£97,170,000	-5.6%	£102,970,000	19.9%	£85,887,000	-40.2%	£143,702,000	0.5%	£142,936,000
	Intangible Assets	£135,976,000	14.5%	£118,736,000	28.7%	£92,268,000	999.9%	£1,954,000	-0.3%	£1,959,000
	Total Fixed Assets	£233,146,000	5.2%	£221,706,000	24.4%	£178,155,000	22.3%	£145,656,000	0.5%	£144,895,000
	Stock	£105,520,000	4%	£101,508,000	9.1%	£93,082,000	7.4%	£86,692,000	3.3%	£83,913,000
	Trade Debtors	£527,195,000	1.3%	£520,655,000	-0.1%	£521,116,000	-8.8%	£571,500,000	9.9%	£520,032,000
	Cash	£20,127,000	981.5%	£1,861,000	-95.8%	£44,711,000	17.6%	£38,027,000	-51%	£77,685,000
	Other Debtors	£90,653,000	20.6%	£75,188,000	18.8%	£63,314,000	25.2%	£50,576,000	-1.6%	£51,424,000
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£743,495,000	6.3%	£699,212,000	-3.2%	£722,223,000	-3.3%	£746,795,000	1.9%	£733,054,000
	Trade Creditors	£61,147,000	-8.7%	£67,010,000	-2.3%	£68,568,000	17.7%	£58,256,000	-3.9%	£60,612,000
	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
	Other Short Term Finance	£538,840,000	10.5%	£487,519,000	3.2%	£472,234,000	12.2%	£420,852,000	1%	£416,763,000
	Miscellaneous Current Liabilities	£55,450,000	52.4%	£36,390,000	7%	£34,014,000	-20%	£42,540,000	-22.1%	£54,619,000
	Total Current Liabilities	£655,437,000	10.9%	£590,919,000	2.8%	£574,816,000	10.2%	£521,648,000	-1.9%	£531,994,000
	Bank Loans & Overdrafts and LTL	£12,515,000	-8.7%	£13,707,000	20.5%	£11,371,000	39.8%	£8,131,000	14.5%	£7,100,000
	Other Long Term Finance	0	-	0	-	0	-	0	-	0
	Total Long Term Liabilities	£12,515,000	-8.7%	£13,707,000	20.5%	£11,371,000	39.8%	£8,131,000	14.5%	£7,100,000

Capital & Reserves

	Date Of Accounts	04/03/17	(%)	27/02/16	(%)	28/02/15	(%)	01/03/14	(%)	02/03/13
	Called Up Share Capital	£114,978,000	-	£114,978,000	-0.2%	£115,218,000	-	£115,218,000	-	£115,218,000
	P & L Account Reserve	£193,471,000	-3.8%	£201,074,000	1.1%	£198,973,000	-19.6%	£247,454,000	10.6%	£223,637,000
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	£240,000	-	£240,000	-	-	-	-	-	-
	Shareholder Funds	£308,689,000	-2.4%	£316,292,000	0.7%	£314,191,000	-13.4%	£362,672,000	7%	£338,855,000

Other Financial Items

	Date Of Accounts	04/03/17	(%)	27/02/16	(%)	28/02/15	(%)	01/03/14	(%)	02/03/13
	Net Worth	£172,713,000	-12.6%	£197,556,000	-11%	£221,923,000	-38.5%	£360,718,000	7.1%	£336,896,000
	Working Capital	£88,058,000	-18.7%	£108,293,000	-26.5%	£147,407,000	-34.5%	£225,147,000	12%	£201,060,000
	Total Assets	£976,641,000	6.1%	£920,918,000	2.3%	£900,378,000	0.9%	£892,451,000	1.7%	£877,949,000
	Total Liabilities	£667,952,000	10.5%	£604,626,000	3.1%	£586,187,000	10.6%	£529,779,000	-1.7%	£539,094,000
	Net Assets	£308,689,000	-2.4%	£316,292,000	0.7%	£314,191,000	-13.4%	£362,672,000	7%	£338,855,000

Cash Flow

	Date Of Accounts	04/03/17	(%)	27/02/16	(%)	28/02/15	(%)	01/03/14	(%)	02/03/13
	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	04/03/17	(%)	27/02/16	(%)	28/02/15	(%)	01/03/14	(%)	02/03/13
	Contingent Liability	YES	-	YES	-	YES	-	YES	-	YES
	Capital Employed	£321,204,000	-2.7%	£329,999,000	1.4%	£325,562,000	-12.2%	£370,803,000	7.2%	£345,955,000
	Number of Employees	2695	-6.7%	2889	-12.9%	3315	-1.4%	3362	5.4%	3190
	Accountants
	Auditors	KPMG LLP
	Auditor Comments	The audit report contains no adverse comments
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	04/03/17	27/02/16	28/02/15	01/03/14	02/03/13
	Pre-tax profit margin %	6.71	6.81	8.18	12.17	14.43
	Current ratio	1.13	1.18	1.26	1.43	1.38
	Sales/Net Working Capital	9.86	7.73	5.48	3.51	3.68
	Gearing %	4.10	4.30	3.60	2.20	2.10
	Equity in %	36.70	39.40	38.90	40.70	38.70
	Creditor Days	26.11	29.13	30.90	26.86	29.79
	Debtor Days	225.15	226.37	234.88	263.51	255.60
	Liquidity/Acid Test	0.97	1.01	1.09	1.26	1.22
	Return On Capital Employed %	18.15	17.28	20.28	25.91	30.88
	Return On Total Assets Employed %	5.96	6.19	7.33	10.76	12.17
	Current Debt Ratio	2.12	1.86	1.82	1.43	1.56
	Total Debt Ratio	2.16	1.91	1.86	1.46	1.59
	Stock Turnover Ratio %	12.14	12.12	11.52	10.98	11.33
	Return on Net Assets Employed %	18.88	18.03	21.01	26.50	31.53

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
06/02/2018	New Board Member Mr R.E. Tucker appointed
24/08/2017	Confirmation Statement
26/06/2017	New Accounts Filed
26/06/2017	New Accounts Filed
12/06/2017	New Board Member Mr R.J. Clark appointed
05/06/2017	New Board Member Mr R.J. Clark appointed
24/01/2017	Mrs C.J. Massingham has left the board
08/12/2016	Payment Data Update Received
08/12/2016	New Accounts Filed
08/12/2016	New Accounts Filed
16/11/2016	Payment Data Update Received
25/08/2016	New Board Member Mr C.B. Lovelace appointed
05/08/2016	Annual Returns
28/06/2016	Mrs S.L. Beat has resigned as company secretary
28/06/2016	New Company Secretary Mrs T. Casey appointed

Previous Company Names

No Previous Names found

Writ Details

No writs found

Statistics

Group	54 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 StructureFull

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
N BROWN GROUP PLC	00814103	04.03.2017	Y	£900,700,000
N.BROWN HOLDINGS LIMITED	00815495	04.03.2017	N
DALY, HARVEY, MORFIT...	01164272	04.03.2017	N
ALEXANDER ROSS (FINA...	01546188	04.03.2017	N
D H M (MANAGEMENT SE...	01587373	04.03.2017	N
H.B. WAINWRIGHT (FIN...	02015660	04.03.2017	N
HOLLAND & HEELEY LIMITED	01970115	04.03.2017	N
WINGMARK LIMITED	03174215	04.03.2017	N
N BROWN PROPERTY ONE L...	02119196	04.03.2017	N
N BROWN PROPERTY THR...	02216828	04.03.2017	N
N BROWN PROPERTY TWO...	01313914	04.03.2017	N
EUNITE LIMITED	03728761	04.03.2017	N
HAMMOND HOUSE INVESTME...	01786844	04.03.2017	N
HAMMOND HOUSE INVEST...	01861797	04.03.2017	N
N B FUNDING GUERNSEY LTD	N/A	-	-
N. BROWN FUNDING LIMITED	03338402	04.03.2017	N
NOCHESTER HOLDINGS UNL...	IE278351	04.03.2017	N
NB FINANCE UNLIMITED...	IE278352	04.03.2017	N
TAGMA LIMITED	01801118	04.03.2017	N
VOTE IT LIMITED	03726054	04.03.2017	N
J.D. WILLIAMS GROUP LI...	00927506	04.03.2017	N
OXENDALE & CO. LIMITED	IE263438	04.03.2017	N	€19,597,571
J.D. WILLIAMS & COMP...	00178367	04.03.2017	N	£868,684,000
LANGLEY HOUSE LIMITED	00373893	04.03.2017	N
ALDREX LIMITED	00525786	04.03.2017	N
CUSS CONTRACTORS L...	00738659	04.03.2017	N
ODHAMS LEISURE GRO...	00751645	04.03.2017	N
FIRST FINANCIAL LI...	00815494	04.03.2017	N
CRESCENT DIRECT LI...	00836054	04.03.2017	N
COMFORTABLY YOURS...	00883222	04.03.2017	N
MATURE WISDOM LIMITED	00907811	04.03.2017	N
SANDER & KAY LIMITED	01060981	04.03.2017	N
FIGLEAVES GLOBAL T...	03060702	04.03.2017	N
T-BRA LIMITED	03936571	04.03.2017	N
GRAY & OSBOURN LIM...	03539270	04.03.2017	N
BETTER LIVING LIMITED	00987269	04.03.2017	N
CLASSIC COMBINATIO...	00310933	04.03.2017	N
DALE HOUSE (MAIL O...	00803971	04.03.2017	N
HALWINS LIMITED	01185489	04.03.2017	N
HARTINGDON HOUSE L...	01576631	04.03.2017	N
HEATHER VALLEY (WO...	SC036376	04.03.2017	N
HILTON MAILING LIM...	01538671	04.03.2017	N
JDW FINANCE LIMITED	04968326	04.03.2017	N	£11,094,162
E. LANGFIELD & COM...	00256737	04.03.2017	N
MELGOLD LIMITED	01908187	04.03.2017	N
OXENDALE & COMPANY...	00153451	04.03.2017	N
SPECIALITY HOME SH...	03941468	04.03.2017	N	£15,736,609
THE VALUE CATALOGU...	00907904	04.03.2017	N
WHITFORDS(BURY)LIM...	00489999	04.03.2017	N
WHITFORDS(COSYTRE...	00598559	04.03.2017	N
BURY BOOT & SHOE...	00516589	04.03.2017	N
WHITFORDS (TEXTIL...	01411524	04.03.2017	N
J.D. WILLIAMS MERC...	00362263	04.03.2017	N
AMBROSE WILSON LIM...	00144766	04.03.2017	N

Exact CCJ Details

Date	Court	Amount	Status	Case Number	Date Paid
28/07/2016	COUNTY COURT BUSINESS CENTRE	£810	Satisfied	C9QZ7F19	14/10/2016
21/09/2015	COUNTY COURT MONEY CLAIMS CENTRE	£346	Satisfied	B56YM147	14/11/2015

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 Active Appointments			Previous Appointments	Dissolved Companies
Christopher John McMellon	0			1	0
Alan Thomas Street	0			6	0
Peter John Tynan	5			52	26
Iain Sinclair MacFarlane	0			9	1
Robert David Yates	0			14	0
Denis George Montgomery Williams	0			1	0
Nigel Ferguson Green	0			9	3
Iain Anderson Beveridge	0			2	0
Timothy Peter Wood	0			4	1
Gerald Cook	0			3	0
James Martin	5			46	27
Robert Michael Cunningham	1			2	1
Timothy John Kowalski	0			61	48
John Hinchcliffe	4			33	13
Angrew Stephen Lee	0			1	0
Keith James Risk	1			7	4
Michael Irvine Greenwood	0			8	2
Michael Stuart Bullas	0			6	14
Dean Roderick Moore	8			60	64
Mark Adrian Armitage	3			8	7
Paul Newell Short	0			12	4
Keith Basnett	0			8	3
Graham Green	3			52	21
Neil Angus McGowan	1			8	1
Judith Margaret Burgin	0			2	1
Paul Robert Kendrick	3			31	9
Alan White	7			30	8
Mark Cheshire	0			5	1
Andrew Thomas Higginson	1			1	0
Linda Elizabeth Quinn	0			1	0
Jonathan Harry Cecil Fogwill	0			1	0
Caroline Jane Massingham	1			2	0
Stephanie Louise Beat	0			1	0
Total Persons With Significant Control		1	Total Statements			0
Active		1	Active			0
Ceased		0	Ceased			0

Active Persons With Significant Control

Name	J.D. Williams Group Limited	Kind	Corporate Entity With Significant Control
Address	Griffin House 40 Lever Street, Manchester	Notified On	06/04/2016
Post Code	M60 6ES	Legal Form	Limited Company
Authority	Companies Act 2006	Place Registered	Companies House
Country Registered	England	Registration Number	00927506
Nature Of Control	Ownership Of Shares 75 To 100 Percent,Voting Rights 75 To 100 Percent

Ceased Persons With Significant Control

No Ceased Persons With Significant Control To Display

Active Statements

No Active Statements To Display

Ceased Statements

No Ceased Statements To Display

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 65.13
UK Pound	1	INR 92.52
Euro	1	INR 80.59
GBP	1	INR 92.63

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

INFORMATION DETAILS

Analysis Done by :	PRA
Report Prepared by :	TPT

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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.