3decades

MIRA INFORM REPORT

Report No. :	488466
Report Date :	02.02.2018

IDENTIFICATION DETAILS

Name :	THISTLE PRODUCTS LIMITED

Formerly Known As :	· THISTLE PRODUCTS (HOLDINGS) LIMITED · NEWCO (829) LIMITED

Registered Office :	51 Rae Street, Dumfries, Dg1 1jd

Country :	United Kingdom

Financials (as on) :	30.11.2016

Date of Incorporation :	07.07.2005

Com. Reg. No.:	SC287206

Legal Form :	Private limited with Share Capital

Line of Business :	Activities of Head Offices Note [We tried to confirm / obtain the detailed activity but the same is not available from any sources]

No. of Employees :	Not available

RATING & COMMENTS

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

MIRA’s Rating :

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

(30.06.2017)

Current Rating

(30.09.2017)

United Kingdom

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: THISTLE PRODUCTS LIMITED

Company No: SC287206

Registered Address: 51 RAE STREET DUMFRIES DG1 1JD

Company Summary

Registered Address 51 RAE STREET
DUMFRIES
DG1 1JD

Trading Address 51 Rae Street
Dumfries
Dumfriesshire
DG1 1JD

Website Address http://www.cairnsmhor.com

Telephone Number 01556611292

Fax Number

TPS q Yes

FPS Yes

Incorporation Date 07/07/2005

Previous Name THISTLE PRODUCTS (HOLDINGS) LIMITED

Type Private limited with Share Capital

FTSE Index -

Date of Change 06/12/2007

Filing Date of Accounts 14/06/2017

Currency

Share Capital -

SIC07 70100

Charity Number -

SIC07 Description ACTIVITIES OF HEAD OFFICES

Principal Activity

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company THISTLE PRODUCTS LIMITED

Accountant ARMSTRONG WATSON

Mortgages 2

Group 2 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

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

30/11/2016 - - £808,941 -

30/11/2015 - - £790,601 -

30/11/2014 - - £808,824 -

Mortgage Summary

Total Mortgage 2

Outstanding 2

Satisfied 0

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 0

Total Value of Documented Trade £0

Commentary

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

This company has only made late payments on a low percentage of invoices.

The latest Balance Sheet indicates a very positive net working capital position.

The latest cash balances represent a positive level in terms of the overall outstanding creditor obligations.

There has been an increase in shareholders funds compared with the previous balance sheet.

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 -	-

Total Current Directors	2	Total Current Secretaries	0
Total Previous Directors / Company Secretaries	4	Total Person's With Significant Control	2

Current Directors

Title	Mr	Function	Director
Name	Ernest John Parkinson	Nationality	British
Date of Birth	05/1949	Present Appointments	2
Latest Address	2 Station Road, Dalbeattie, Kirkcudbrightshire	Appointment Date	08/07/2005
Post Code	DG5 4AN
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report	View Compliance Report
Title	Mr	Function	Director
Name	Stephen Brown	Nationality	British
Date of Birth	10/1961	Present Appointments	2
Latest Address	Wiston Cottage, Carlops Road, West Linton, Peeblesshire	Appointment Date	08/07/2005
Post Code	EH46 7DS
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report	View Compliance Report

Current Company Secretary

Top Shareholders

No shareholders to display

Financials

Profit & Loss

	Date Of Accounts	30/11/16	(%)	30/11/15	(%)	30/11/14	(%)	30/11/13	(%)	30/11/12
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Turnover	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Cost of Sales	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Gross Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Wages & Salaries	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Directors Emoluments	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Operating Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Depreciation	£23,550	2.7%	£22,933	-2.1%	£23,432	281.4%	£6,144	-36%	£9,599
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Audit Fees	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Interest Payments	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Pre Tax Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Taxation	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Profit After Tax	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	30/11/16	(%)	30/11/15	(%)	30/11/14	(%)	30/11/13	(%)	30/11/12
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Tangible Assets	£26,880	-45.2%	£49,058	-29.4%	£69,481	581.4%	£10,197	-27.7%	£14,103
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Intangible Assets	£65,366	-50%	£130,729	-33.3%	£196,093	-25%	£261,457	-20%	£326,821
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Total Fixed Assets	£92,246	-48.7%	£179,787	-32.3%	£265,574	-2.2%	£271,654	-20.3%	£340,924
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Stock	£221,383	-15.7%	£262,713	-10.2%	£292,427	-17%	£352,408	8.1%	£325,884
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Trade Debtors	£253,920	36%	£186,686	-21.1%	£236,520	1.4%	£233,283	-13.1%	£268,376
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Cash	£451,012	5.7%	£426,599	15.9%	£368,053	24%	£296,879	66.5%	£178,297
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Other Debtors	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Total Current Assets	£926,315	5.7%	£875,998	-2.3%	£897,000	1.6%	£882,570	14.2%	£772,557
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Trade Creditors	£150,917	15.5%	£130,698	-37.8%	£210,043	-15.9%	£249,710	11.9%	£223,087
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts	£55,844	1%	£55,295	-	0	-	0	-100%	£120,000
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Other Short Term Finance	0	-	0	-	0	-	0	-100%	£1,097
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Total Current Liabilities	£206,761	11.2%	£185,993	-11.5%	£210,043	-15.9%	£249,710	-27.4%	£344,184
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	£58,703	-56.4%	£134,486	-6.4%	£143,707	136.7%	£60,705	-58.1%	£144,988
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Total Long Term Liabilities	£2,859	-96.4%	£79,191	-44.9%	£143,707	136.7%	£60,705	142.9%	£24,988

Capital & Reserves

	Date Of Accounts	30/11/16	(%)	30/11/15	(%)	30/11/14	(%)	30/11/13	(%)	30/11/12
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Called Up Share Capital	£2	-	£2	-	£2	-33.3%	£3	-	£3
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	P & L Account Reserve	£808,938	2.3%	£790,598	-2.3%	£808,821	-4.1%	£843,806	13.4%	£744,306
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Sundry Reserves	£1	-	£1	-	£1	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Shareholder Funds	£808,941	2.3%	£790,601	-2.3%	£808,824	-4.1%	£843,809	13.4%	£744,309

Other Financial Items

	Date Of Accounts	30/11/16	(%)	30/11/15	(%)	30/11/14	(%)	30/11/13	(%)	30/11/12
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Net Worth	£743,575	12.7%	£659,872	7.7%	£612,731	5.2%	£582,352	39.5%	£417,488
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Working Capital	£719,554	4.3%	£690,005	0.4%	£686,957	8.5%	£632,860	47.7%	£428,373
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Total Assets	£1,018,561	-3.5%	£1,055,785	-9.2%	£1,162,574	0.7%	£1,154,224	3.7%	£1,113,481
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Total Liabilities	£209,620	-21%	£265,184	-25%	£353,750	14%	£310,415	-15.9%	£369,172
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Net Assets	£808,941	2.3%	£790,601	-2.3%	£808,824	-4.1%	£843,809	13.4%	£744,309

Cash Flow

	Date Of Accounts	30/11/16	(%)	30/11/15	(%)	30/11/14	(%)	30/11/13	(%)	30/11/12
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	30/11/16	(%)	30/11/15	(%)	30/11/14	(%)	30/11/13	(%)	30/11/12
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Capital Employed	£811,800	-6.7%	£869,792	-8.7%	£952,531	5.3%	£904,514	17.6%	£769,297
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Number of Employees	-	-	-	-	-	-	-	-	-
	Accountants	ARMSTRONG WATSON
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	30/11/16	30/11/15	30/11/14	30/11/13	30/11/12
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Pre-tax profit margin %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Current ratio	4.48	4.71	4.27	3.53	2.24
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Sales/Net Working Capital	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Gearing %	7.30	17	17.80	7.20	19.50
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Equity in %	84.90	85.50	83.70	94.50	94.60
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Creditor Days	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Debtor Days	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Liquidity/Acid Test	3.40	3.29	2.87	2.12	1.29
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Return On Capital Employed %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Return On Total Assets Employed %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Current Debt Ratio	0.25	0.23	0.25	0.29	0.46
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Total Debt Ratio	0.25	0.33	0.43	0.36	0.49
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\barchart-grey.png$	Return on Net Assets Employed %	-	-	-	-	-

Status History

No Status History found

Event History View Documents

Date	Description
11/07/2017	Confirmation Statement
24/06/2017	New Accounts Filed
24/06/2017	New Accounts Filed
22/07/2016	Annual Returns
29/04/2016	New Accounts Filed
29/04/2016	New Accounts Filed
19/07/2015	Annual Returns
05/05/2015	New Accounts Filed
02/08/2014	Annual Returns
22/04/2014	New Accounts Filed
25/07/2013	Annual Returns
28/05/2013	New Accounts Filed
28/05/2013	New Accounts Filed
12/07/2012	Annual Returns
28/03/2012	New Accounts Filed

Previous Company Names

Date	Previous Name
06/12/2007	THISTLE PRODUCTS (HOLDINGS) LIMITED
14/09/2005	NEWCO (829) LIMITED

Writ Details

No writs found

Statistics

Group	2 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	THISTLE PRODUCTS LIMITED
Ownership Status	Ultimately Owned
Ultimate Holding Company	THISTLE PRODUCTS LIMITED

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\tminus.gif$ THISTLE PRODUCTS LIMITED	SC287206	30.11.2016	N
$Description: \\vivek-pc\123 Foreign Report Raw\THISTLE PRODUCTS LIMITED_files\L.gif$ GLENISLE CRAFTS LIMITED	SC154938	30.11.2016	N

Statistics

Group	2 companies
Linkages	0 companies
Countries	In 0 countries

Mortgage Details

Mortgage Type:	FLOATING CHARGE
Date Charge Created:	04/12/07
Date Charge Registered:	11/12/07
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	RBS INVOICE FINANCE LIMITED
Amount Secured:	ALL SUMS DUE OR TO BECOME DUE
Details:	UNDERTAKING AND ALL PROPERTY AND ASSETSPRESENT AND FUTURE OF THE COMPANY INCLUDING UNCALLED CAPITAL
Mortgage Type:	BOND & FLOATING CHARGE
Date Charge Created:	12/08/05
Date Charge Registered:	16/08/05
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	THE ROYAL BANK OF SCOTLAND PLC
Amount Secured:	ALL SUMS DUE OR TO BECOME DUE
Details:	UNDERTAKING AND ALL PROPERTY AND ASSETSPRESENT AND FUTURE OF THE COMPANY INCLUDING UNCALLED CAPITAL

Previous Director/Company Secretaries

Name	Current Active Appointments		Previous Appointments	Dissolved Companies
MBM SECRETARIAL SERVICES LIMITED	3		148	414
Paula Anne Gibson	0		6	1
Paula Anne Gibson	0		6	1
MBM BOARD NOMINEES LIMITED	1		104	247
Total Persons With Significant Control	2	Total Statements		0
Active	2	Active		0
Ceased	0	Ceased		0

Active Persons With Significant Control

Name	Mr Ernest John Parkinson	Kind	Individual Person With Significant Control
Address	51 Rae Street, Dumfries,	Country Of Residence	Scotland
Post Code	DG1 1JD	Nationality	British
Date of Birth	05/1949	Notified On	06/04/2016
Nature Of Control	Ownership of shares - between 25% and 50%
Name	Mr Stephen Brown	Kind	Individual Person With Significant Control
Address	51 Rae Street, Dumfries,	Country Of Residence	Scotland
Post Code	DG1 1JD	Nationality	British
Date of Birth	10/1961	Notified On	06/04/2016
Nature Of Control	Ownership of shares - between 25% and 50%

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

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.61
UK Pound	1	INR 89.32
Euro	1	INR 78.95
GBP	1	INR 91.38

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

INFORMATION DETAILS

Analysis Done by :	PRI

Report Prepared by :	KET

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.