3decades

MIRA INFORM REPORT

Report No. :	492102
Report Date :	17.02.2018

IDENTIFICATION DETAILS

Name :	HUGHES PUMPS LIMITED

Formerly Known As :	BARMOR ENGINEERING LIMITED

Registered Office :	Highfield Works Spring Gardens, Washington, West Sussex RH20 3BS

Country :	United Kingdom

Financials (as on) :	31.03.2017

Date of Incorporation :	01.05.1985

Com. Reg. No.:	01910376

Legal Form :	Private Limited with Share Capital

Line of Business :	· Manufacture of pumps · Manufacture of pumps and compressors.

No. of Employees :	29 [2017]

RATING & COMMENTS

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

MIRA’s Rating :

Credit Rating

Explanation

Rating Comments

Acceptable Risk

Business dealings permissible with moderate risk of default

Status :	Satisfactory

Payment Behaviour :	No Complaints

Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List

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 Summary

Registered Address

Highfield Works Spring Gardens
Washington
West Sussex
RH20 3BS

Trading Address

Highfield Works
Spring Gardens
Washington
Pulborough, West Sussex
RH20 3BS

Website Address http://www.hughes-pumps.co.uk

Company Number 01910376

Telephone Number 01903892358

Fax Number -

TPS No

FPS Yes

Incorporation Date 01/05/1985

Previous Name BARMOR ENGINEERING LIMITED

Type Private Limited with Share Capital

FTSE Index -

Date of Change 06/03/1991

Filing Date of Accounts 20/07/2017

Currency GBP

Share Capital £5,760

SIC07 28131

Charity Number -

SIC07 Description Manufacture of pumps

Principal Activity Manufacture of pumps and compressors.

Additional Information

CCJ's

0 (£0)

No CCJ Information To Display

Ultimate Holding Company -

Accountant -

Mortgages 6

Group 0 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder	Funds Employees
31.03.2017	-	-	£4,989,450	29
31.03.2016	-	-	£3,965,287	28
31.03.2015	-	-	£3,965,287	-

Mortgage summary

Total Mortgage 6

Outstanding 3

Satisfied 3

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.

The Board of Directors have reduced in size over the last six months.

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	1
Total Previous Directors / Company Secretaries	7	Total Person's With Significant Control	3

Current Directors

Title	Mr	Function	Director
Name	Rodney Miller	Nationality	British
Date of Birth	12/1943	Present Appointments	1
Latest Address	Highfield Works Spring Gardens, Washington, West Sussex	Appointment Date	30/06/2005
Post Code	RH20 3BS
Title	Mr	Function	Director
Name	Philip Cranford	Nationality	British
Date of Birth	03/1966	Present Appointments	1
Latest Address	Highfield Works Spring Gardens, Washington, West Sussex	Appointment Date	30/06/2005
Post Code	RH20 3BS

Current Company Secretary

Title	Ms	Function	Company Secretary
Name	Karen June Harrison	Nationality	British
Date of Birth	-	Present Appointments	1
Latest Address	Highfield Works Spring Gardens, Washington, West Sussex	Appointment Date	01/01/2012
Post Code	RH20 3BS

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
GRAHAM MICHAEL DRAPER	GBP	2,880	ORDINARY B	1	50
PHILIP CRANFORD	GBP	2,880	ORDINARY B	1	50

Profit & Loss

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Turnover	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Cost of Sales	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Gross Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Wages & Salaries	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Directors Emoluments	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Operating Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Depreciation	£191,182	-4.7%	£200,529	41.5%	£141,675	11.1%	£127,515	65.8%	£76,910
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Audit Fees	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Interest Payments	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Pre Tax Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Taxation	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Profit After Tax	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Tangible Assets	£1,122,792	-6.6%	£1,201,837	-1.2%	£1,216,086	46.3%	£831,003	95.9%	£424,196
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Total Fixed Assets	£1,122,792	-6.6%	£1,201,837	-1.2%	£1,216,086	46.3%	£831,003	95.9%	£424,196
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Stock	£910,663	41.8%	£642,262	13.5%	£565,682	3.5%	£546,551	10.5%	£494,437
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Trade Debtors	£534,259	46.1%	£365,668	-53.4%	£785,310	-22.4%	£1,012,189	197.4%	£340,387
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Cash	£3,549,494	25%	£2,840,372	36.7%	£2,077,190	34.1%	£1,548,752	39.2%	£1,112,573
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Other Debtors	£69,450	-8.3%	£75,776	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Total Current Assets	£5,063,866	29%	£3,924,078	14.5%	£3,428,182	10.3%	£3,107,492	59.6%	£1,947,397
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Trade Creditors	£435,198	-1.5%	£441,854	-46.8%	£830,931	-32.9%	£1,237,503	107.8%	£595,632
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Other Short Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Miscellaneous Current Liabilities	£581,581	9.1%	£533,160	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Total Current Liabilities	£1,016,779	4.3%	£975,014	17.3%	£830,931	-32.9%	£1,237,503	107.8%	£595,632
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	£180,429	-2.8%	£185,614	-4.5%	£194,332	-37.1%	£308,942	148.2%	£124,476
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Total Long Term Liabilities	£180,429	-2.8%	£185,614	-4.5%	£194,332	-37.1%	£308,942	148.2%	£124,476

Capital & Reserves

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Called Up Share Capital	£5,760	-	£5,760	-52%	£12,000	-	£12,000	-	£12,000
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	P & L Account Reserve	£4,851,953	26.8%	£3,827,790	9.9%	£3,481,508	54.4%	£2,254,553	48.9%	£1,513,988
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Sundry Reserves	£131,737	-	£131,737	5%	£125,497	-	£125,497	-	£125,497
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Shareholder Funds	£4,989,450	25.8%	£3,965,287	9.6%	£3,619,005	51.3%	£2,392,050	44.8%	£1,651,485

Other Financial Items

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Net Worth	£4,989,450	25.8%	£3,965,287	9.6%	£3,619,005	51.3%	£2,392,050	44.8%	£1,651,485
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Working Capital	£4,047,087	37.2%	£2,949,064	13.5%	£2,597,251	38.9%	£1,869,989	38.3%	£1,351,765
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Total Assets	£6,186,658	20.7%	£5,125,915	10.4%	£4,644,268	17.9%	£3,938,495	66.1%	£2,371,593
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Total Liabilities	£1,197,208	3.2%	£1,160,628	13.2%	£1,025,263	-33.7%	£1,546,445	114.8%	£720,108
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Net Assets	£4,989,450	25.8%	£3,965,287	9.6%	£3,619,005	51.3%	£2,392,050	44.8%	£1,651,485

Cash Flow

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Capital Employed	£5,169,879	24.5%	£4,150,901	8.9%	£3,813,337	41.2%	£2,700,992	52.1%	£1,775,961
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Number of Employees	29	3.6%	28	-	-	-	-	-	-
	Accountants
	Auditors	MHA CARPENTER BOX
	Auditor Comments	The audit report contains no adverse comments
	Bankers	NATIONAL WESTMINSTER BANK PLC
	Bank Branch Code

Ratios

	Date Of Accounts	31/03/17	31/03/16	31/03/15	31/03/14	31/03/13
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Pre-tax profit margin %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Current ratio	4.98	4.02	4.13	2.51	3.27
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Sales/Net Working Capital	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Gearing %	3.60	4.70	5.40	12.90	7.50
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Equity in %	80.60	77.40	77.90	60.70	69.60
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Creditor Days	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Debtor Days	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Liquidity/Acid Test	4.08	3.36	3.44	2.06	2.43
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Return On Capital Employed %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Return On Total Assets Employed %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Current Debt Ratio	0.20	0.24	0.22	0.51	0.36
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Total Debt Ratio	0.23	0.29	0.28	0.64	0.43
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\Hughes Pumps Ltd_files\barchart-grey.png$	Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
13/12/2017	Payment Data Update Received
13/12/2017	Mr G.M. Draper has left the board
01/08/2017	Payment Data Update Received
31/07/2017	New Accounts Filed
31/07/2017	New Accounts Filed
08/06/2017	Confirmation Statement
16/07/2016	New Accounts Filed
16/07/2016	New Accounts Filed
22/06/2016	Annual Returns
14/08/2015	New Accounts Filed
06/06/2015	Annual Returns
25/05/2015	Mr J.C. Haslam has left the board
25/03/2015	Annual Returns
28/07/2014	New Accounts Filed
22/03/2014	Annual Returns

Previous Company Names

Date	Previous Name
06/03/1991	BARMOR ENGINEERING LIMITED
04/08/1986	BARMOR LIMITED

Writ Details

No writs found

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group StructureFull

No Group Structure

Mortgage Details

Mortgage Type:
Date Charge Created:	14/11/13
Date Charge Registered:	15/11/13
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC;
Amount Secured:
Details:	CONTAINS FIXED CHARGE.NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE.
Mortgage Type:
Date Charge Created:	01/07/13
Date Charge Registered:	02/07/13
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC;
Amount Secured:
Details:	CONTAINS FIXED CHARGE.NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE.

Mortgage Type:	DEBENTURE
Date Charge Created:	01/11/10
Date Charge Registered:	04/11/10
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 CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXEDPLANT & MACHINERY
Mortgage Type:	LEGAL CHARGE
Date Charge Created:	18/11/92
Date Charge Registered:	01/12/92
Date Charge Satisfied:	07/01/99
Status:	SATISFIED
Person(s) Entitled:	A. D. HARRIS
Amount Secured:	ALL MONIES DUE FROM HUGHES INVESTMENTS LTD TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	LAND ON THE WEST SIDE OF LONDON RD WASHINGTON WEST SUSSEX TOGETHER WITH ANY BUILDINGS ERECTED THEREON TOGETHER WITH ALL BUILDINGS AND ERECTIONS THEREON AND ALL FIXTURES WHATSOEVER NOW OR AT ANY TIME HEREAFTER AFFIXED OR ATTACHED TO THE PROPERTY OR ANY PART THEREOF OTHER THAN TRADE MACHINERY AS DEFINED BY SECTION 5 OF THE BILLS OF SALE ACT1878

Mortgage Type:	LEGAL MORTGAGE
Date Charge Created:	18/11/92
Date Charge Registered:	24/11/92
Date Charge Satisfied:	13/02/09
Status:	SATISFIED
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:	1.65 ACRES OF LAND AT SPRING GARDEN NURSERY LONDON ROAD WASHINGTON PULBOROUGH WEST SUSSEX AND THE PROCEEDS OF SALE THEREOF FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT
Mortgage Type:	MORTGAGE DEBENTURE
Date Charge Created:	07/08/90
Date Charge Registered:	10/08/90
Date Charge Satisfied:	08/10/08
Status:	SATISFIED
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:	A SPECIFIC EQUITABLE CHARGE OVER ALL FREEHOLD AND LEASEHOLD PROPERTIES AND/OR THE PROCEEDS OF SALE THEREOF FIXED AND FLOATING CHARGES OVER UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS AND THE BENEFITS OF ANY LICENCES

Previous Director/Company Secretaries

Name	Current Active Appointments			Previous Appointments	Dissolved Companies
Roger Hearn	0			2	5
Roger Hearn	0			2	5
Edward Joseph William Burch	0			1	2
James Churchill Haslam	1			3	4
Iris May Vokes	0			1	2
Graham Michael Draper	0			1	3
RT SECRETARIAL LIMITED	1			33	71
Total Persons With Significant Control		3	Total Statements			0
Active		2	Active			0
Ceased		1	Ceased			0

Active Persons With Significant Control

Name	Hughes Pumps Holdings	Kind		Corporate Entity With Significant Control
Address	Amelia House Crescent Road, Worthing, West Sussex	Notified On		21/11/2017
Post Code	BN11 1QR	Legal Form		Private Company Limited By Shares
Authority	Companies Act	Place Registered		England
Country Registered	England	Registration Number		11054195
Nature Of Control	Ownership Of Shares 25 To 50 Percent,Voting Rights 25 To 50 Percent
Name	Mr Philip Cranford		Kind	Individual Person With Significant Control
Address	Highfield Works Spring Gardens, Washington, West Sussex		Country Of Residence	United Kingdom
Post Code	RH20 3BS		Nationality	British
Date of Birth	03/1966		Notified On	28/05/2016
Nature Of Control	Ownership Of Shares 75 To 100 Percent,Voting Rights 75 To 100 Percent,Significant Influence Or Control

Ceased Persons With Significant Control

Name	Mr Graham Michael Draper	Kind	Individual Person With Significant Control
Address	Highfield Works Spring Gardens, Washington, West Sussex	Country Of Residence	United Kingdom
Post Code	RH20 3BS	Nationality	British
Date of Birth	05/1954	Notified On	28/05/2016
Nature Of Control	Ownership Of Shares 25 To 50 Percent,Voting Rights 25 To 50 Percent	Ceased On	21/11/2017

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 63.90
UK Pound	1	INR 90.31
Euro	1	INR 80.17
GBP	1	INR 90.45

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

INFORMATION DETAILS

Analysis Done by :	NIS

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.