MIRA INFORM REPORT

Report No. :	493017
Report Date :	17.02.2018

IDENTIFICATION DETAILS

Name :	TRITECH PRECISION PRODUCTS LIMITED
Registered Office :	Bridge Road North, Wrexham Industrial Estate, WrexhaM LL13 9PS
Country :	United Kingdom
Financials (as on) :	31.03.2017
Date of Incorporation :	11.11.1982
Com. Reg. No.:	01677427
Legal Form :	Private Limited with Share Capital
Line of Business :	· Casting of Light Metals. · A manufacture of ferrous and non-ferrous precision investment castings.
No. of Employees :	325

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 :	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 (30.09.2017)	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: TRITECH PRECISION PRODUCTS LIMITED

Company No: 01677427

Company Status: Active - Accounts Filed

Registered Address: BRIDGE ROAD NORTHWREXHAM INDUSTRIAL ESTATEWREXHAMLL13 9PS

Company Summary

Registered Address BRIDGE ROAD NORTH, WREXHAM INDUSTRIAL ESTATE, WREXHAM LL13 9PS

Trading Address Bridge Road North, Wrexham Industrial Estate, Wrexham Clwyd LL13 9PS

Website Address http://www.tritech-alkast.co.uk

Telephone Number 01978661111

Fax Number --

TPS No

FPS Yes

Incorporation Date 11/11/1982

Previous Name --

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 12/10/2017

Currency GBP

Share Capital £38,000

SIC07 24530

Charity Number -

SIC07 Description CASTING OF LIGHT METALS

Principal Activity A manufacture of ferrous and non-ferrous precision investment castings.

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company CHEMICAL AND FERRO ALLOYS PRIVATE LTD

Accountant -

Mortgages 15

Group 7 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

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

31/03/2017 £25,421,000 £849,000 £6,542,000 325

31/03/2016 £22,909,000 £95,000 £6,341,000 324

31/03/2015 £25,418,000 £2,526,000 £6,670,000 347

Mortgage Summary

Total Mortgage 15

Outstanding 6

Satisfied 9

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 Large company in respect of the rating/limit generated.

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

This company 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 moderate level of corporate failures.

CCJ

Total Number of Exact CCJs -	0	Total Value of Exact CCJs -
Total Number of Possible CCJs -	0	Total Value of Possible CCJs -
Total Number of Satisfied CCJs -	0	Total Value of Satisfied CCJs -
Total Number of Writs -	-

Total Current Directors	9	Total Current Secretaries	1
Total Previous Directors / Company Secretaries	10	Total Person's With Significant Control	1

Current Directors

Title	Mr	Function	Director
Name	Ian James Walker	Nationality	British
Date of Birth	02/1962	Present Appointments	5
Latest Address	Bridge Road North, Wrexham Industrial Estate, Wrexham, Clwyd	Appointment Date	01/04/2003
Post Code	LL13 9PS
Title	Mr	Function	Director
Name	Martin Parry	Nationality	British
Date of Birth	09/1961	Present Appointments	8
Latest Address	70 Wyndham Drive, Wrexham, Clwyd	Appointment Date	17/08/2009
Post Code	LL12 9YD

Title	Mr	Function	Director
Name	Steven John Goodier	Nationality	British
Date of Birth	03/1966	Present Appointments	4
Latest Address	Bridge Road North, Wrexham Industrial Estate, Wrexham, Clwyd	Appointment Date	01/02/2011
Post Code	LL13 9PS
Title	Mr	Function	Director
Name	Andrew Robert White	Nationality	British
Date of Birth	05/1961	Present Appointments	4
Latest Address	Bridge Road North, Wrexham Industrial Estate, Wrexham, Clwyd	Appointment Date	01/02/2011
Post Code	LL13 9PS

Title	Mr	Function	Director
Name	Stuart Edward Goodfellow	Nationality	British
Date of Birth	05/1970	Present Appointments	4
Latest Address	Bridge Road North, Wrexham Industrial Estate, Wrexham, Clwyd	Appointment Date	01/02/2011
Post Code	LL13 9PS
Title	Mr	Function	Director
Name	Anosh Feroze Neterwala	Nationality	Indian
Date of Birth	05/1985	Present Appointments	4
Latest Address	Bridge Road North, Wrexham Industrial Estate, Wrexham, Clwyd	Appointment Date	02/03/2011
Post Code	LL13 9PS

Title	Mr	Function	Director
Name	Feroze Dhunjishaw Netwerwala	Nationality	Indian
Date of Birth	05/1952	Present Appointments	1
Latest Address	Bridge Road North, Wrexham Industrial Estate, Wrexham, Clwyd	Appointment Date	02/03/2011
Post Code	LL13 9PS
Title	Mr	Function	Director
Name	Narendra Shriniwas Fugre	Nationality	Indian
Date of Birth	02/1946	Present Appointments	2
Latest Address	Bridge Road North, Wrexham Industrial Estate, Wrexham, Clwyd	Appointment Date	02/03/2011
Post Code	LL13 9PS

Title	Mr	Function	Director
Name	Steven Stuart Docherty	Nationality	British
Date of Birth	11/1957	Present Appointments	4
Latest Address	Bridge Road North, Wrexham Industrial Estate, Wrexham, Clwyd	Appointment Date	20/09/2016
Post Code	LL13 9PS

Current Company Secretary

Title	Mr	Function	Company Secretary
Name	Martin Parry	Nationality	British
Date of Birth	09/1961	Present Appointments	8
Latest Address	Bridge Road North, Wrexham Industrial Estate, Wrexham, Clwyd	Appointment Date	17/08/2009
Post Code	LL13 9PS

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
TRITECH GROUP LTD	GBP	38,000	ORDINARY	1	100

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
	Turnover	£25,421,000	11%	£22,909,000	-9.9%	£25,418,000	7%	£23,751,000	25.1%	£18,989,000
	Export	£6,424,000	89.8%	£3,384,000	-10.8%	£3,794,000	13.9%	£3,330,000	337%	£762,000
	Cost of Sales	£19,047,000	11.8%	£17,032,000	-9.1%	£18,727,000	-	-	-	-
	Gross Profit	£6,374,000	8.5%	£5,877,000	-12.2%	£6,691,000	-	-	-	-
	Wages & Salaries	£9,466,000	6.9%	£8,855,000	-10.3%	£9,875,000	12.3%	£8,792,000	18.2%	£7,437,000
	Directors Emoluments	£595,000	16.4%	£511,000	-0.6%	£514,000	-27.1%	£705,000	9%	£647,000
	Operating Profit	£1,257,000	100.2%	£628,000	-59.9%	£1,567,000	-39.9%	£2,606,000	22.2%	£2,133,000
	Depreciation	£676,000	2.7%	£658,000	6.1%	£620,000	16.8%	£531,000	31.8%	£403,000
	Audit Fees	£9,000	-	£9,000	-65.4%	£26,000	23.8%	£21,000	-	£21,000
	Interest Payments	£416,000	-23.8%	£546,000	-11.4%	£616,000	51.7%	£406,000	37.6%	£295,000
	Pre Tax Profit	£849,000	793.7%	£95,000	-96.2%	£2,526,000	10.5%	£2,285,000	16.6%	£1,960,000
	Taxation	-£147,000	-281.5%	£81,000	143.3%	-£187,000	61.5%	-£486,000	-12.2%	-£433,000
	Profit After Tax	£702,000	298.9%	£176,000	-92.5%	£2,339,000	30%	£1,799,000	17.8%	£1,527,000
	Dividends Payable	£500,000	-1%	£505,000	-93.8%	£8,107,000	999.9%	£320,000	-	-
	Retained Profit	£202,000	161.4%	-£329,000	94.3%	-£5,768,000	-490%	£1,479,000	-3.1%	£1,527,000

Balance Sheet

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Tangible Assets	£6,676,000	21.3%	£5,504,000	-4.8%	£5,783,000	37.3%	£4,212,000	8.2%	£3,894,000
	Intangible Assets	0	-	0	-	0	-	0	-	0
	Total Fixed Assets	£6,676,000	21.3%	£5,504,000	-4.8%	£5,783,000	37.3%	£4,212,000	8.2%	£3,894,000
	Stock	£7,712,000	1%	£7,633,000	-2.3%	£7,815,000	3.1%	£7,582,000	22%	£6,214,000
	Trade Debtors	£8,015,000	33.8%	£5,990,000	-17.4%	£7,254,000	1%	£7,185,000	16.4%	£6,172,000
	Cash	£367,000	-65%	£1,048,000	20.2%	£872,000	-78.4%	£4,035,000	181.8%	£1,432,000
	Other Debtors	£500,000	-56.3%	£1,143,000	283.6%	£298,000	-82.8%	£1,734,000	-58.3%	£4,162,000
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£16,594,000	4.9%	£15,814,000	-2.6%	£16,239,000	-20.9%	£20,536,000	14.2%	£17,980,000
	Trade Creditors	£2,703,000	25.5%	£2,153,000	-10.4%	£2,402,000	-0.4%	£2,411,000	3.9%	£2,321,000
	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
	Other Short Term Finance	£11,257,000	12.9%	£9,970,000	55.7%	£6,404,000	-16.2%	£7,642,000	12.1%	£6,817,000
	Miscellaneous Current Liabilities	£1,008,000	-32.4%	£1,491,000	-67.6%	£4,607,000	187.9%	£1,600,000	7.1%	£1,494,000
	Total Current Liabilities	£14,968,000	9.9%	£13,614,000	1.5%	£13,413,000	15.1%	£11,653,000	9.6%	£10,632,000
	Bank Loans & Overdrafts and LTL	£1,760,000	29.1%	£1,363,000	-29.7%	£1,939,000	18.7%	£1,633,000	29.7%	£1,259,000
	Other Long Term Finance	£1,307,000	40.1%	£933,000	-37.7%	£1,497,000	1.9%	£1,469,000	34.2%	£1,095,000
	Total Long Term Liabilities	£1,760,000	29.1%	£1,363,000	-29.7%	£1,939,000	18.7%	£1,633,000	29.7%	£1,259,000

Capital & Reserves

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Called Up Share Capital	£38,000	-	£38,000	-	£38,000	-	£38,000	-	£38,000
	P & L Account Reserve	£6,477,000	3.2%	£6,276,000	-5%	£6,605,000	-42%	£11,397,000	14.9%	£9,918,000
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	£27,000	-	£27,000	-	£27,000	-	£27,000	-	£27,000
	Shareholder Funds	£6,542,000	3.2%	£6,341,000	-4.9%	£6,670,000	-41.8%	£11,462,000	14.8%	£9,983,000

Other Financial Items

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Net Worth	£6,542,000	3.2%	£6,341,000	-4.9%	£6,670,000	-41.8%	£11,462,000	14.8%	£9,983,000
	Working Capital	£1,626,000	-26.1%	£2,200,000	-22.2%	£2,826,000	-68.2%	£8,883,000	20.9%	£7,348,000
	Total Assets	£23,270,000	9.2%	£21,318,000	-3.2%	£22,022,000	-11%	£24,748,000	13.1%	£21,874,000
	Total Liabilities	£16,728,000	11.7%	£14,977,000	-2.4%	£15,352,000	15.6%	£13,286,000	11.7%	£11,891,000
	Net Assets	£6,542,000	3.2%	£6,341,000	-4.9%	£6,670,000	-41.8%	£11,462,000	14.8%	£9,983,000

Cash Flow

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
	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
	Capital Employed	£8,302,000	7.8%	£7,704,000	-10.5%	£8,609,000	-34.3%	£13,095,000	16.5%	£11,242,000
	Number of Employees	325	0.3%	324	-6.6%	347	9.8%	316	18.8%	266
	Accountants
	Auditors	MITTEN CLARKE AUDIT LIMITED
	Auditor Comments	The audit report contains no adverse comments
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	31/03/17	31/03/16	31/03/15	31/03/14	31/03/13
	Pre-tax profit margin %	3.34	0.41	9.94	9.62	10.32
	Current ratio	1.11	1.16	1.21	1.76	1.69
	Sales/Net Working Capital	15.63	10.41	8.99	2.67	2.58
	Gearing %	26.90	21.50	29.10	14.20	12.60
	Equity in %	28.10	29.70	30.30	46.30	45.60
	Creditor Days	38.70	34.20	34.39	36.95	44.49
	Debtor Days	114.76	95.17	103.88	110.11	118.31
	Liquidity/Acid Test	0.59	0.60	0.62	1.11	1.10
	Return On Capital Employed %	10.22	1.23	29.34	17.44	17.43
	Return On Total Assets Employed %	3.64	0.44	11.47	9.23	8.96
	Current Debt Ratio	2.28	2.14	2.01	1.01	1.06
	Total Debt Ratio	2.55	2.36	2.30	1.15	1.19
	Stock Turnover Ratio %	30.33	33.31	30.74	31.92	32.72
	Return on Net Assets Employed %	12.97	1.49	37.87	19.93	19.63

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
15/12/2017	Confirmation Statement
19/10/2017	Payment Data Update Received
18/10/2017	New Accounts Filed
18/10/2017	New Accounts Filed
31/07/2017	Mr R. Ramanathan has left the board
12/01/2017	New Accounts Filed
12/01/2017	New Accounts Filed
30/12/2016	Annual Returns
26/12/2016	Mr R. Gosrani has left the board
14/10/2016	New Board Member Mr S.S. Docherty appointed
13/12/2015	Annual Returns
05/10/2015	New Accounts Filed
20/09/2015	New Accounts Filed
20/09/2015	New Accounts Filed
28/12/2014	Annual Returns

Previous Company Names

No Previous Names found

Writ Details

No writs found

Statistics

Group	7 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	TRITECH GROUP LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	CHEMICAL AND FERRO ALLOYS PRIVATE LTD

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
CHEMICAL AND FERRO ALLOY...	N/A	-	-
UNI DERITEND LTD	N/A	-	-
NETERSON HOLDINGS LI...	07423622	31.03.2017	Y	£34,932,000
TRITECH GROUP LIMITED	05435846	31.03.2017	Y	£29,725,311
TRITECH PRECISION...	01677427	31.03.2017	N	£25,421,000
TRITECH PRECISI...	01089958	31.03.2017	N	£5,221,000
TRITECH PRECISION...	09432835	31.03.2017	N

Statistics

Group	7 companies
Linkages	0 companies
Countries	In 0 countries

Mortgage Details

Mortgage Type:
Date Charge Created:	22/12/17
Date Charge Registered:	02/01/18
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	AXIS BANK UK LIMITED;
Amount Secured:
Details:	UNITS 1-8 CASTLE PARK ROADBARNSTAPLEEX32 8PA
Mortgage Type:
Date Charge Created:	14/07/17
Date Charge Registered:	25/07/17
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	LLOYDS BANK PLC;
Amount Secured:
Details:	CONTAINS FIXED CHARGE.CONTAINS NEGATIVEPLEDGE.

Mortgage Type:
Date Charge Created:	10/05/17
Date Charge Registered:	18/05/17
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	AXIS BANK UK LIMITED;
Amount Secured:
Details:	BY WAY OF FIRST LEGAL MORTGAGE, THE LEASEHOLD LAND KNOWN AS IC HOUSE, BRIDGE ROAD, WREXHAM INDUSTRIAL ESTATE, WREXHAM LL13 9PS AND THE LEASEHOLD LAND AND BUILDINGS ON THE SOUTH EAST SIDE OF CASTLE PARK ROAD, WHIDDON VALLEY, BARNSTAPLE, EX32 8PA.FOR MORE DETAILS PLEASE REFER TO THE CHARGING INSTRUMENT.CONTAINS FIXED CHARGE.CONTAINS NEGATIVE PLEDGE.
Mortgage Type:
Date Charge Created:	12/05/16
Date Charge Registered:	18/05/16
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	CLYDESDALE BANK PLC (TRADING AS BOTH CLYDESDALE BANK AND YORKSHIRE BANK);
Amount Secured:
Details:	NOT APPLICABLE. CONTAINS FIXED CHARGE.CONTAINS FLOATING CHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.

Mortgage Type:
Date Charge Created:	04/12/15
Date Charge Registered:	16/12/15
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	AXIS BANK UK LIMITED;
Amount Secured:
Details:	CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.
Mortgage Type:
Date Charge Created:	28/03/14
Date Charge Registered:	04/04/14
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	AXIS BANK UK LIMITED;
Amount Secured:
Details:	LAND LYING TO THE SOUTH OF BRIDGE ROAD REDWITHER INDUSTRIAL ESTATE WREXHAM T/NOCYM17488,UNIT 69 CLYWEDOG ROAD SOUTH WREXHAM INDUSTRIAL ESTATE T/NO CYM325455, UNIT 4 CASTLE PARK ROAD BARNSTAPLE T/NO DN611583 PLEASE SEE IMAGE FOR DETAILS OFFURTHER LAND (INCLUDING BUILDINGS), SHIP, AIRCRAFT OR INTELLECTUAL PROPERTY CHARGED.CONTAINS FIXED CHARGE.CONTAINS FLOATING CHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.

Mortgage Type:	DEBENTURE
Date Charge Created:	02/03/11
Date Charge Registered:	05/03/11
Date Charge Satisfied:	19/02/15
Status:	SATISFIED
Person(s) Entitled:	ROBIN SAXBY;
Amount Secured:
Details:	FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY SEE IMAGEFOR FULL DETAILS
Mortgage Type:	DEBENTURE
Date Charge Created:	02/03/11
Date Charge Registered:	05/03/11
Date Charge Satisfied:	19/02/15
Status:	SATISFIED
Person(s) Entitled:	ANTHONY MELVIN STEELE;
Amount Secured:
Details:	FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY SEE IMAGEFOR FULL DETAILS

Mortgage Type:	DEED OF CHATTEL MORTGAGE
Date Charge Created:	25/11/09
Date Charge Registered:	05/12/09
Date Charge Satisfied:	13/02/13
Status:	SATISFIED
Person(s) Entitled:	CLOSE ASSET FINANCE LIMITED
Amount Secured:
Details:	THE FOLLOWING ASSETS PEDRAZOLLI TYPE BROWN 300 MITRE CITT-OFF SAW SERIAL NO 032489 (1998), BRIDGEPORT INTERAT 1 MK CNC VERTICAL MILLING MACHINE SERIAL NO 669030796 (1996) WITH HEIDENHAIN CONTROL AND EXCEL TYPE PKTM 380 VAR 8 VERTICAL TURRET MILLING MACHINE SERIAL NO 7572 (2001. SEE IMAGE FOR MORE ASSETS
Mortgage Type:	DEED OF CHARGE OVER CREDIT BALANCES
Date Charge Created:	24/07/09
Date Charge Registered:	31/07/09
Date Charge Satisfied:	27/08/15
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC;
Amount Secured:
Details:	THE CHARGE CREATES A FIXED CHARGE OVER ALL THE DEPOSIT(S) REFERRED TO IN THE SCHEDULE TO THE FORM 395 (INCLUDING ALL ORANY PART OF THE MONEY PAYABLE PURSUANT TO SUCH DEPOSIT(S) & THE DEBTS REPRESENTED THEREBY) TOGETHER WITH ALL INTEREST FROM TIME TO TIME ACCRUING THEREON. IT ALSO CREATES AN ASSIGNMENT BY THE CHARGOR FOR THE PURPOSES OF & TO GIVE EFFECT TO THE SECURITY OVER THE RIGHT OF THE CHARGOR TO REQUIRE REPAYMENT OF SUCH DEPOSIT(S) & INTEREST THEREONBARCLAYS BANK PLC RE TRITECH PRECISION PRODUCTS LTD BUSINESS PREMIUM ACCOUNT ACCOUNT NUMBER 03514862

Mortgage Type:	DEBENTURE
Date Charge Created:	11/03/09
Date Charge Registered:	12/03/09
Date Charge Satisfied:	05/03/11
Status:	SATISFIED
Person(s) Entitled:	ROBIN SAXBY
Amount Secured:
Details:	FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY SEE IMAGEFOR FULL DETAILS
Mortgage Type:	DEBENTURE
Date Charge Created:	11/03/09
Date Charge Registered:	12/03/09
Date Charge Satisfied:	05/03/11
Status:	SATISFIED
Person(s) Entitled:	ANTHONY MELVIN STEELE
Amount Secured:
Details:	FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY SEE IMAGEFOR FULL DETAILS

Mortgage Type:	COMPOSITE ALL ASSETS GUARANTEE AND DEBENTURE
Date Charge Created:	05/07/05
Date Charge Registered:	19/07/05
Date Charge Satisfied:	18/05/16
Status:	SATISFIED
Person(s) Entitled:	GE COMMERCIAL FINANCE LIMITED (SECURITY HOLDER);
Amount Secured:
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 MACHINERYSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	DEBENTURE
Date Charge Created:	30/11/88
Date Charge Registered:	13/12/88
Date Charge Satisfied:	08/07/05
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS 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:	13/01/83
Date Charge Registered:	15/01/83
Date Charge Satisfied:	09/12/88
Status:	SATISFIED
Person(s) Entitled:	LLOYDS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	FIXED & FLOATING CHARGE OVER UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOK DEBTS UNCALLED CAPITAL, ALL BUILDINGS, FIXTURES, FIXED PLANT AND MACHINERY ALL STOCKS SHARES & OTHER SECURITIES.

Previous Director/Company Secretaries

Name	Current Active Appointments	Previous Appointments	Dissolved Companies
Ann Steele	0	1	0
Robin Adrian Saxby	0	4	0
Ian Harold Hugget	0	1	0
Rajen Gosrani	8	4	9
Paul Hampson	0	6	0
Paul Hampson	0	6	0
Alan Arthur Dustan	0	5	0
Alan Arthur Dustan	0	3	0
Anthony Melvin Steele	2	4	0
Ramkumar Ramanathan	0	3	0

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

Active Persons With Significant Control

Name	Tritech Group	Kind	Corporate Entity With Significant Control
Address	Bridge Road North Stryt Isa, Hope, Wrexham	Notified On	01/12/2016
Post Code	LL12 9PS	Legal Form	Limited
Authority	Limited	Place Registered	Uk
Country Registered	Uk	Registration Number	05425846
Nature Of Control	Ownership of shares - above 75%

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
Average Invoice Value	£432.27
Invoices available	178
Paid	175
Outstanding	3

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

	Within Terms	0-30 Days	31-60 Days	61-90 Days	91+ Days
Paid	17	87	47	8	16
Outstanding	3	0	0	0	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.91
UK Pound	1	INR 90.31
Euro	1	INR 80.17
GBP	1	INR 90.33

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

INFORMATION DETAILS

Analysis Done by :	NIS
Report Prepared by :	NIT

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.