MIRA INFORM REPORT

Report No. :	505535
Report Date :	25.04.2018

IDENTIFICATION DETAILS

Name :	ATLAS COPCO MEDICAL LIMITED
Formerly Known As :	MEDAES LIMITED
Registered Office :	Telford Crescent, Speedwell Industrial Estate, Chesterfields, 43 3pf
Country :	United Kingdom
Financials (as on) :	31.12.2016
Date of Incorporation :	11.08.1994
Com. Reg. No.:	02957933
Legal Form :	Private limited with Share Capital
Line of Business :	· Manufacture of medical and dental instruments and supplies · World-wide design, supply, installation, servicing, testing, and commissioning of medical gas systems and related equipment.
No. of Employees :	79

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 name and address

Company Name: ATLAS COPCO MEDICAL LIMITED

Company No: 02957933

Company Status: Active - Accounts Filed

Status Active

Active - Accounts Filed

Registered Address: TELFORD CRESCENTSPEEDWELL INDUSTRIAL ESTATECHESTERFIELDS43 3PF

Company Name

ATLAS COPCO MEDICAL LIMITED

Company Number

02957933

Company Summary

Registered Address TELFORD CRESCENT
SPEEDWELL INDUSTRIAL ESTATE
CHESTERFIELD
S43 3PF

Trading Address Telford Crescent
Speedwell Industrial Estate
Staveley
Chesterfield, Derbyshire
S43 3PF

Website Address http://www.p-mgs.com

Telephone Number 01246474242

Fax Number

TPS No

FPS Yes

Incorporation Date 11/08/1994

Previous Name MEDAES LIMITED

Type Private limited with Share Capital

FTSE Index -

Date of Change 30/10/2013

Filing Date of Accounts 25/05/2017

Currency GBP

Share Capital £1,273,885

SIC07 32500

Charity Number -

SIC07 Description MANUFACTURE OF MEDICAL AND DENTAL INSTRUMENTS AND SUPPLIES

Principal Activity World-wide design, supply, installation, servicing, testing, and commissioning of medical gas systems and related equipment.

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company ATLAS COPCO AKTIEBOLAG

Accountant -

Mortgages 2

Trade Debtors -

Group 21 companies

Linkages 226 companies

Countries In 41 countries

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder's Funds Employees

31/12/2016 £24,950,000 £1,727,000 £16,077,000 79

31/12/2015 £26,668,000 £782,000 £15,607,000 83

31/12/2014 £21,190,000 £1,157,000 £15,120,000 83

Mortgage Summary

Total Mortgage 2

Outstanding 1

Satisfied 1

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 5

Total Value of Documented Trade £20,761

Commentary

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

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

The company has more cash than short term bank borrowings.

This company trades in an industry with a lower 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 -	-

Back to Top

Show More

Total Current Directors	3	Total Current Secretaries	2
Total Previous Directors / Company Secretaries	28	Total Person's With Significant Control	1

Current Directors

Title	Mr	Function	Director
Name	Alex Christiaan Jan Bongaerts	Nationality	Belgian
Date of Birth	01/1960	Present Appointments	15
Latest Address	Fuchsialaan 17, Kapellen, 2950	Appointment Date	30/11/2006
Post Code
Title	Mr	Function	Director
Name	Ben Van Hove	Nationality	Belgian
Date of Birth	12/1971	Present Appointments	2
Latest Address	Telford Crescent Speedwell Industrial Estate, Staveley, Chesterfield, Derbyshire	Appointment Date	11/07/2017
Post Code	S43 3PF

Title	Mr	Function	Director
Name	Sanjay Safaya	Nationality	Indian
Date of Birth	06/1971	Present Appointments	1
Latest Address	Telford Crescent Speedwell Industrial Estate, Staveley, Chesterfield, Derbyshire	Appointment Date	10/11/2017
Post Code	S43 3PF

Current Company Secretary

Title	Ms	Function	Company Secretary
Name	Susan Walker	Nationality	British
Date of Birth	12/1966	Present Appointments	1
Latest Address	12 Chester Court, Eckington, Sheffield, South Yorkshire	Appointment Date	15/03/2005
Post Code	S21 4JF
Title	Mr	Function	Company Secretary
Name	Alex Christiaan Jan Bongaerts	Nationality	Belgian
Date of Birth	01/1960	Present Appointments	44
Latest Address	Fuchsialaan 17, Kapellen, 2950	Appointment Date	30/11/2006
Post Code

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
ATLAS COPCO UK HOLDINGS LTD	GBP	1,273,885	ORDINARY	1	100
1

Financials

Profit & Loss

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
	Turnover	£24,950,000	-6.4%	£26,668,000	25.9%	£21,190,000	54.1%	£13,752,000	-15.9%	£16,346,000
	Export	£17,384,000	-10.6%	£19,449,000	59.6%	£12,186,000	69.6%	£7,185,000	-24.9%	£9,563,000
	Cost of Sales	£19,185,000	-9.7%	£21,243,000	23%	£17,270,000	67.2%	£10,327,000	-12%	£11,738,000
	Gross Profit	£5,765,000	6.3%	£5,425,000	38.4%	£3,920,000	14.5%	£3,425,000	-25.7%	£4,608,000
	Wages & Salaries	£3,803,000	-2.7%	£3,909,000	2.4%	£3,819,000	9.8%	£3,478,000	-7.1%	£3,744,000
	Directors Emoluments	-	-	-	-100%	£67,000	-46%	£124,000	6.9%	£116,000
	Operating Profit	£1,721,000	123.5%	£770,000	-32.2%	£1,135,000	-34.1%	£1,722,000	-31.5%	£2,514,000
	Depreciation	£33,000	94.1%	£17,000	-97.2%	£610,000	797.1%	£68,000	-11.7%	£77,000
	Audit Fees	£20,000	-	£20,000	-	£20,000	-	£20,000	5.3%	£19,000
	Interest Payments	-	-	-	-	-	-	-	-	-
	Pre Tax Profit	£1,727,000	120.8%	£782,000	-32.4%	£1,157,000	-33.9%	£1,751,000	-31.1%	£2,540,000
	Taxation	-£257,000	12.9%	-£295,000	23.8%	-£387,000	5.4%	-£409,000	32.8%	-£609,000
	Profit After Tax	£1,470,000	201.8%	£487,000	-36.8%	£770,000	-42.6%	£1,342,000	-30.5%	£1,931,000
	Dividends Payable	-	-	-	-	-	-	-	-	-
	Retained Profit	£1,470,000	201.8%	£487,000	-36.8%	£770,000	-42.6%	£1,342,000	-30.5%	£1,931,000

Balance Sheet

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Tangible Assets	£130,000	35.4%	£96,000	182.4%	£34,000	-17.1%	£41,000	-69.2%	£133,000
	Intangible Assets	£1,366,000	-5.2%	£1,441,000	-48.9%	£2,821,000	-	0	-	0
	Total Fixed Assets	£1,496,000	-2.7%	£1,537,000	-46.2%	£2,855,000	999.9%	£41,000	-69.2%	£133,000
	Stock	£2,307,000	-3%	£2,378,000	-22.9%	£3,085,000	436.5%	£575,000	-61.4%	£1,488,000
	Trade Debtors	£2,490,000	-48.1%	£4,794,000	-3.1%	£4,945,000	117.2%	£2,277,000	23.3%	£1,847,000
	Cash	£10,973,000	10.2%	£9,958,000	40.5%	£7,090,000	-45.6%	£13,044,000	18.5%	£11,003,000
	Other Debtors	£1,294,000	-18.7%	£1,592,000	41%	£1,129,000	147.6%	£456,000	-8.4%	£498,000
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£17,064,000	-8.9%	£18,722,000	15.2%	£16,249,000	-0.6%	£16,352,000	10.2%	£14,836,000
	Trade Creditors	£633,000	-5.8%	£672,000	-1.3%	£681,000	155.1%	£267,000	-61.6%	£695,000
	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
	Other Short Term Finance	£203,000	-90.9%	£2,231,000	44.6%	£1,543,000	305%	£381,000	353.6%	£84,000
	Miscellaneous Current Liabilities	£1,629,000	-4.9%	£1,713,000	0.1%	£1,712,000	28%	£1,337,000	21%	£1,105,000
	Total Current Liabilities	£2,465,000	-46.6%	£4,616,000	17.3%	£3,936,000	98.3%	£1,985,000	5.4%	£1,884,000
	Bank Loans & Overdrafts and LTL	£18,000	-50%	£36,000	-25%	£48,000	-17.2%	£58,000	-24.7%	£77,000
	Other Long Term Finance	0	-	0	-	0	-	0	-	0
	Total Long Term Liabilities	£18,000	-50%	£36,000	-25%	£48,000	-17.2%	£58,000	-24.7%	£77,000

.

Capital & Reserves

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Called Up Share Capital	£1,274,000	-	£1,274,000	-	£1,274,000	-	£1,274,000	-	£1,274,000
	P & L Account Reserve	£13,803,000	3.5%	£13,333,000	3.8%	£12,846,000	6.4%	£12,076,000	12.5%	£10,734,000
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	£1,000,000	-	£1,000,000	-	£1,000,000	-	£1,000,000	-	£1,000,000
	Shareholder Funds	£16,077,000	3%	£15,607,000	3.2%	£15,120,000	5.4%	£14,350,000	10.3%	£13,008,000

Other Financial Items

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Net Worth	£14,711,000	3.8%	£14,166,000	15.2%	£12,299,000	-14.3%	£14,350,000	10.3%	£13,008,000
	Working Capital	£14,599,000	3.5%	£14,106,000	14.6%	£12,313,000	-14.3%	£14,367,000	10.9%	£12,952,000
	Total Assets	£18,560,000	-8.4%	£20,259,000	6%	£19,104,000	16.5%	£16,393,000	9.5%	£14,969,000
	Total Liabilities	£2,483,000	-46.6%	£4,652,000	16.8%	£3,984,000	95%	£2,043,000	4.2%	£1,961,000
	Net Assets	£16,077,000	3%	£15,607,000	3.2%	£15,120,000	5.4%	£14,350,000	10.3%	£13,008,000

Miscellaneous

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
	Capital Employed	£16,095,000	2.9%	£15,643,000	3.1%	£15,168,000	5.3%	£14,408,000	10.1%	£13,085,000
	Number of Employees	79	-4.8%	83	-	83	5.1%	79	-13.2%	91
	Accountants
	Auditors	DELOITTE LLP
	Auditor Comments	The audit report contains no adverse comments
	Bankers	SKANDINAVISKA ENSKILDA BANKEN
	Bank Branch Code	40-48-65

Ratios

	Date Of Accounts	31/12/16	31/12/15	31/12/14	31/12/13	31/12/12
	Pre-tax profit margin %	6.92	2.93	5.46	12.73	15.54
	Current ratio	6.92	4.06	4.13	8.24	7.87
	Sales/Net Working Capital	1.71	1.89	1.72	0.96	1.26
	Gearing %	0.10	0.20	0.30	0.40	0.60
	Equity in %	93.50	82.90	92.90	87.50	86.90
	Creditor Days	9.23	9.17	11.69	7.06	15.47
	Debtor Days	36.32	65.43	84.94	60.26	41.12
	Liquidity/Acid Test	5.98	3.54	3.34	7.94	7.08
	Return On Capital Employed %	10.73	4.99	7.62	12.15	19.41
	Return On Total Assets Employed %	9.30	3.86	6.05	10.68	16.96
	Current Debt Ratio	0.15	0.29	0.26	0.13	0.14
	Total Debt Ratio	0.15	0.29	0.26	0.14	0.15
	Stock Turnover Ratio %	9.24	8.91	14.55	4.18	9.10
	Return on Net Assets Employed %	10.74	5.01	7.65	12.20	19.52

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
14/11/2017	Payment Data Update Received
14/11/2017	New Board Member Mr S. Safaya appointed
21/08/2017	Confirmation Statement
15/08/2017	Mr H.P. Wasel has left the board
25/07/2017	New Board Member Mr B. Van Hove appointed
10/06/2017	New Accounts Filed
10/06/2017	New Accounts Filed
05/10/2016	New Accounts Filed
30/08/2016	Annual Returns
06/09/2015	Annual Returns
21/05/2015	New Accounts Filed
10/10/2014	Annual Returns
06/10/2014	New Accounts Filed
25/09/2014	Change in Reg.Office
25/09/2014	Mr R.E. Lofgren has left the board

Previous Company Names

Date	Previous Name
30/10/2013	MEDAES LIMITED
02/11/1994	HICKSTAVE LIMITED

Writ Details

No writs found

Statistics

Group	21 companies
Linkages	226 companies
Countries	In 41 countries

Summary

Holding Company	ATLAS COPCO UK HOLDINGS LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	ATLAS COPCO AKTIEBOLAG

Group Structure

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
ATLAS COPCO AKTIEBOLAG	5560142720	31.12.2016	Y
ATLAS COPCO (IRELAND)...	IE023286	31.12.2016	N	€9,537,754
AIRCOSSE LIMITED	IE386087	31.12.2016	N
COMPRESSED AIR SYSTE...	NI022596	31.12.2016	N
ATLAS COPCO (NI) L...	NI041336	31.12.2016	N
ATLAS COPCO AIRPOWER NV	403992231	31.12.2016	N	€1,567,959,645
EDWARDS LIMITED	06124750	31.12.2016	N	£440,078,000
EDWARDS HIGH VACUU...	01148654	31.12.2016	N	£92,284,000
EDWARDS VACUUM TEC...	IE438251	31.12.2016	N	€8,503,000
ATLAS COPCO UK HOLDING...	01194804	31.12.2016	N	£1,257,000
AIR COMPRESSORS & TO...	00164206	31.12.2016	N	£15,310,000
ATLAS COPCO LIMITED	00159809	31.12.2016	N	£184,797,000
COMPRESSOR ENGINEE...	01263078	31.12.2016	N
COMPRESSOR ENGINEE...	01723871	31.12.2016	N
ATLAS COPCO MEDICAL...	02957933	31.12.2016	N	£24,950,000
HENROB LIMITED	01873269	31.12.2016	N	£37,684,804
MICRAFILTER LIMITED	03817109	31.12.2017	N
SCA SCHUCKER UK LTD	07789707	31.12.2016	N	£5,242,155
TENTEC LIMITED	02269292	31.12.2016	N	£11,542,000
MEDAESUSCO INC	N/A	-	-
MEDAESUKCO	05254026	31.12.2016	N

Statistics

Group	21 companies
Linkages	226 companies
Countries	In 41 countries

Other Linked Companies

Name	Number	Latest Key Financials	Turnover
ATLAS COPCO (INDIA)	020566	31.03.2014	€406,932,052
ATLAS COPCO FINANCE EUROPE NV	439928751	31.12.2016	€1,409,381
ATLAS COPCO FINANCE BELGIUM BVBA	821054421	31.12.2016	€4,756,832
ATLAS COPCO K.K.	8010401001811	01.12.2013	14,600,000,000
THERMADOR GROUPE	339159402	31.12.2016
ATLAS COPCO FRANCE HOLDING	678200569	31.12.2016	€5,122,483
ATLAS COPCO HOLDING GMBH	HRB 7550	31.12.2016	€437,451,304
EDWARDS SAS	378821771	31.12.2016	€20,278,715
EDWARDS SAS	378821771	31.12.2016	€20,278,715
POWER TOOLS DISTRIBUTION NV	443676020	31.12.2016	€887,153,449
EPIROC ROCK DRILLS AKTIEBOLAG	5560779018	31.12.2016	8,221,294 KSEK
ATLAS COPCO AS	910324381	31.12.2016
ATLAS COPCO DYNAPAC AB	5566550413	31.12.2013
CAPANYD AB	5566550421	31.12.2016
EPIROC TREASURY AKTIEBOLAG	5562779537	31.12.2016
EPIROC NORGE AS	954582736	31.12.2016	533,107 KNOK
CONSTRUCTION TOOLS PC AB	5560697228	31.12.2016	448,779 KSEK
ABAC ARIA COMPRESSA S.P.A. SIGLABILE ABAC S.P.A. OVVERO OMA ITALY S.P.A. OVVERO A.ARIA C. S.P.A.	TO911329	31.12.2015	€102,120,896
HIBON INTERNATIONAL SA	335093076	31.12.2016
HIBON INTERNATIONAL SA	335093076	31.12.2016

Mortgage Details

Mortgage Type:	DEBENTURE
Date Charge Created:	23/10/03
Date Charge Registered:	03/11/03
Date Charge Satisfied:	-
Status:	OUTSTANDING
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:	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:	18/11/94
Date Charge Registered:	09/12/94
Date Charge Satisfied:	10/03/99
Status:	SATISFIED
Person(s) Entitled:	ABN AMRO BANK NV
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF A CREDIT AGREEMENT DATED 18TH NOVEMBER 1994 AND UNDER A GUARANTEE DATED 18TH NOVEMBER 1994
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	5	£20,761
Company Name		Amount	Statement Date
T S S R Contracts Limited		£11,106	30/10/2009
Imgas Limited		£7,114	29/08/2012
Technical Project Services Limited		£1,977	10/02/2010
H & C Maintenance Limited		£403	28/03/2013
Lionstar Construction Limited		£161	06/09/2011

Previous Director/Company Secretaries

Name	Current Active Appointments	Previous Appointments	Dissolved Companies
David Dyer Seem	0	2	0
David Dyer Seem	0	2	0
Richard Lee Cravey	0	1	0
William Ashton Davies	0	1	0
Robert Peck Dutlinger	0	1	0
Edwin Alfred Wahlen	0	1	0
Mark Robert Lindenmeyer	0	4	4
Mark Robert Lindenmeyer	0	4	4
Adrian Harris	0	1	0
Wallace John Chalmers MacKey	1	10	21
Wallace John Chalmers MacKey	1	10	21
Timothy Renfroe	0	2	0
Timothy Renfroe	0	2	0
Ronnie Leten	0	3	1
GOODWILLE LIMITED	242	141	757
Patrick D De Maynadier	0	4	0
Patrick D De Maynadier	0	4	0
Kristin Newhall	0	2	0
Kristin Newhall	0	2	0
William Bixby	0	3	0
Stephen Michael Parkinson	0	3	0
Stephen Michael Parkinson	0	3	0
Michael Kistner	0	2	0
Raymond Elza Pierre Lofgren	0	2	0
James Jay Tapkas	0	2	0
Horst Peter Wolfgang Wasel	0	1	0
LONDON LAW SERVICES LIMITED	3	12122	43023
LONDON LAW SECRETARIAL LIMITED	3	12153	43036

Total Persons With Significant Control	1	Total Statements	0
Active	1	Active	0
Ceased	0	Ceased	0

Active Persons With Significant Control

Name	Atlas Copco Uk Holding Ltd	Kind	Corporate Entity With Significant Control
Address	Horizon Point Swallowdale Lane, Hemel Hempstead, Hertfordshire	Notified On	06/04/2016
Post Code	HP2 7HA	Legal Form	Private Limited
Authority	Companies Act 2006	Place Registered	Companies House
Country Registered	United Kingdom	Registration Number	01194804
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 66.36
UK Pound	1	INR 92.51
Euro	1	INR 81.05
GBP	1	INR 93.22

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

INFORMATION DETAILS

Analysis Done by :	PRA
Report Prepared by :	SYL

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.