MIRA INFORM REPORT

Report No. :	493142
Report Date :	23.02.2018

IDENTIFICATION DETAILS

Name :	BENCH LIMITED

Formerly Known As :	· AMERICANA INTERNATIONAL LIMITED · INHOCO 2853 LIMITED · AMERICANA INTERNATIONAL (2003) LIMITED · INHOCO 2853 LIMITED

Registered Office :	Tanzaro House, Ardwick Green North, Manchester, M12 6fz

Country :	United Kingdom

Financials (as on) :	25.06.2016

Date of Incorporation :	04.06.2003

Com. Reg. No.:	04787106

Legal Form :	Private limited with Share Capital

Line of Business :	· Wholesale Of Clothing And Footwear · Leading branded apparel business

No. of Employees :	239

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 :	Satisfactory

Payment Behaviour :	Slow but Correct

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

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: BENCH LIMITED

Company No: 04787106

Registered Address: TANZARO HOUSE ARDWICK GREEN NORTH MANCHESTER M12 6FZ

Company Summary

Registered Address TANZARO HOUSE
ARDWICK GREEN NORTH
MANCHESTER
M12 6FZ

Trading Address Tanzaro House
Ardwick Green North
Manchester
Lancashire
M12 6FZ

Website Address http://www.bench.co.uk

Telephone Number 01612763900

Fax Number

TPS No

FPS Yes

Incorporation Date 04/06/2003

Previous Name AMERICANA INTERNATIONAL LIMITED

Type Private limited with Share Capital

FTSE Index -

Date of Change 21/07/2015

Filing Date of Accounts 31/03/2017

Currency GBP

Share Capital £171,253

SIC07 46420

Charity Number -

SIC07 Description WHOLESALE OF CLOTHING AND FOOTWEAR

Principal Activity Leading branded apparel business.

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company EMERAM URBANICS HOLDING LTD

Accountant -

Mortgages 25

Trade Debtors -

Group 3 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

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

25/06/2016 £45,675,000 -£2,333,000 £5,852,000 239

27/06/2015 £69,552,000 -£3,788,000 £8,352,000 313

28/06/2014 £91,980,000 £4,661,000 £13,346,000 324

Mortgage Summary

Total Mortgage 25

Outstanding 10

Satisfied 15

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 10

Total Value of Documented Trade £65,458

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 poor or negative return on 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 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	1
Total Previous Directors / Company Secretaries	19	Total Person's With Significant Control	0

Current Directors

Title	Dr	Function	Director
Name	Bruno Saelzer	Nationality	German
Date of Birth	06/1957	Present Appointments	3
Latest Address	Tanzaro House Ardwick Green North, Manchester	Appointment Date	01/01/2015
Post Code	M12 6FZ
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report	View Compliance Report
Title	Mr	Function	Director
Name	Gregory Garth Peacock	Nationality	British
Date of Birth	12/1974	Present Appointments	3
Latest Address	Tanzaro House Ardwick Green North, Manchester	Appointment Date	02/08/2016
Post Code	M12 6FZ
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report	View Compliance Report

Current Company Secretary

Title		Function	Company Secretary
Name	OAKWOOD CORPORATE SECRETARY LIMITED	Nationality	British
Date of Birth	-	Present Appointments	1324
Latest Address	3rd Floor, 1 Ashley Road, Altrincham, Cheshire	Appointment Date	12/10/2009
Post Code	WA14 2DT
Other Actions		View Consumer Report	View Trace Report
	View Compliance Report

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
EMERAM URBANICS LTD	GBP	17,125,325	ORDINARY	0.01	100
1

Financials

Profit & Loss

	Date Of Accounts	25/06/16	(%)	27/06/15	(%)	28/06/14	(%)	29/06/13	(%)	30/06/12
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	53
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Turnover	£45,675,000	-34.3%	£69,552,000	-24.4%	£91,980,000	-11.1%	£103,466,000	-17.4%	£125,256,000
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Export	£25,415,000	-41.9%	£43,713,000	-24.6%	£57,991,000	-15%	£68,230,000	-19.4%	£84,659,000
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Cost of Sales	£26,522,000	-25.1%	£35,388,000	-25.8%	£47,667,000	-7%	£51,250,000	-25.7%	£68,971,000
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Gross Profit	£19,153,000	-43.9%	£34,164,000	-22.9%	£44,313,000	-15.1%	£52,216,000	-7.2%	£56,285,000
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Wages & Salaries	£5,631,000	-28%	£7,819,000	-9.6%	£8,648,000	7.5%	£8,043,000	-18.1%	£9,822,000
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Directors Emoluments	£930,000	-31.3%	£1,353,000	-27.2%	£1,858,000	69.5%	£1,096,000	74.8%	£627,000
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Operating Profit	-£1,827,000	53.9%	-£3,965,000	-185.8%	£4,619,000	-65%	£13,185,000	230.8%	£3,986,000
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Depreciation	£668,000	3.2%	£647,000	-28.8%	£909,000	-44.6%	£1,641,000	-45.8%	£3,029,000
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Audit Fees	£57,000	9.6%	£52,000	4%	£50,000	42.9%	£35,000	-	£35,000
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Interest Payments	£776,000	999.9%	£59,000	-73.9%	£226,000	25.6%	£180,000	143.2%	£74,000
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Pre Tax Profit	-£2,333,000	38.4%	-£3,788,000	-181.3%	£4,661,000	-68.3%	£14,712,000	240.4%	£4,322,000
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Taxation	-£167,000	81.6%	-£908,000	-26.1%	-£720,000	63.9%	-£1,993,000	34.6%	-£3,048,000
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Profit After Tax	-£2,500,000	46.8%	-£4,696,000	-219.2%	£3,941,000	-69%	£12,719,000	898.4%	£1,274,000
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-100%	£14,000,000	-12.5%	£16,000,000
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Retained Profit	-£2,500,000	46.8%	-£4,696,000	-219.2%	£3,941,000	407.7%	-£1,281,000	91.3%	-£14,726,000

Balance Sheet

	Date Of Accounts	25/06/16	(%)	27/06/15	(%)	28/06/14	(%)	29/06/13	(%)	30/06/12
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Tangible Assets	£2,353,000	6.1%	£2,217,000	-5.3%	£2,341,000	-11.7%	£2,651,000	-31%	£3,842,000
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Intangible Assets	£4,314,000	-12.4%	£4,922,000	-11%	£5,530,000	-9.9%	£6,136,000	-9%	£6,744,000
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Total Fixed Assets	£6,667,000	-6.6%	£7,139,000	-9.3%	£7,871,000	-10.4%	£8,787,000	-17%	£10,586,000
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Stock	£15,839,000	27.7%	£12,403,000	-0.4%	£12,454,000	-26.3%	£16,894,000	0.4%	£16,828,000
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Trade Debtors	£1,165,000	31.5%	£886,000	-71.3%	£3,089,000	-40%	£5,150,000	-41.9%	£8,870,000
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Cash	£4,969,000	-42%	£8,563,000	46.9%	£5,829,000	-82%	£32,440,000	49.9%	£21,639,000
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Other Debtors	£18,673,000	88.8%	£9,889,000	10.7%	£8,935,000	-21.4%	£11,369,000	-83%	£66,840,000
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Total Current Assets	£40,646,000	28.1%	£31,741,000	4.7%	£30,307,000	-54%	£65,853,000	-42.3%	£114,177,000
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Trade Creditors	£10,243,000	-7.7%	£11,101,000	-0.8%	£11,186,000	-25.1%	£14,928,000	-1.4%	£15,134,000
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Other Short Term Finance	£10,429,000	-34.1%	£15,816,000	69.8%	£9,315,000	-78%	£42,381,000	-54%	£92,198,000
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Miscellaneous Current Liabilities	£3,842,000	44.1%	£2,666,000	-2.3%	£2,728,000	-54.1%	£5,942,000	52.6%	£3,895,000
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Total Current Liabilities	£24,514,000	-17.1%	£29,583,000	27.4%	£23,229,000	-63.3%	£63,251,000	-43.1%	£111,227,000
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	£16,947,000	999.9%	£945,000	-41%	£1,603,000	-19.2%	£1,984,000	-30.4%	£2,850,000
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Other Long Term Finance	£16,800,000	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Total Long Term Liabilities	£16,947,000	999.9%	£945,000	-41%	£1,603,000	-19.2%	£1,984,000	-30.4%	£2,850,000

Capital & Reserves

	Date Of Accounts	25/06/16	(%)	27/06/15	(%)	28/06/14	(%)	29/06/13	(%)	30/06/12
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Called Up Share Capital	£171,000	-	£171,000	-	£171,000	-	£171,000	-	£171,000
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	P & L Account Reserve	£4,710,000	-34.7%	£7,210,000	-40.9%	£12,204,000	47.7%	£8,263,000	-13.4%	£9,544,000
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Sundry Reserves	£971,000	-	£971,000	-	£971,000	-	£971,000	-	£971,000
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Shareholder Funds	£5,852,000	-29.9%	£8,352,000	-37.4%	£13,346,000	41.9%	£9,405,000	-12%	£10,686,000

Other Financial Items

	Date Of Accounts	25/06/16	(%)	27/06/15	(%)	28/06/14	(%)	29/06/13	(%)	30/06/12
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Net Worth	£1,538,000	-55.2%	£3,430,000	-56.1%	£7,816,000	139.1%	£3,269,000	-17.1%	£3,942,000
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Working Capital	£16,132,000	647.5%	£2,158,000	-69.5%	£7,078,000	172%	£2,602,000	-11.8%	£2,950,000
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Total Assets	£47,313,000	21.7%	£38,880,000	1.8%	£38,178,000	-48.9%	£74,640,000	-40.2%	£124,763,000
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Total Liabilities	£41,461,000	35.8%	£30,528,000	22.9%	£24,832,000	-61.9%	£65,235,000	-42.8%	£114,077,000
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Net Assets	£5,852,000	-29.9%	£8,352,000	-37.4%	£13,346,000	41.9%	£9,405,000	-12%	£10,686,000

Cash Flow

	Date Of Accounts	25/06/16	(%)	27/06/15	(%)	28/06/14	(%)	29/06/13	(%)	30/06/12
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	25/06/16	(%)	27/06/15	(%)	28/06/14	(%)	29/06/13	(%)	30/06/12
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Capital Employed	£22,799,000	145.2%	£9,297,000	-37.8%	£14,949,000	31.3%	£11,389,000	-15.9%	£13,536,000
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Number of Employees	239	-23.6%	313	-3.4%	324	-5.3%	342	-15.8%	406
	Accountants
	Auditors	DELOITTE LLP
	Auditor Comments	The audit report contains no adverse comments
	Bankers	ALLIED IRISH BANK
	Bank Branch Code	23-83-96

Ratios

	Date Of Accounts	25/06/16	27/06/15	28/06/14	29/06/13	30/06/12
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Pre-tax profit margin %	-5.11	-5.45	5.07	14.22	3.45
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Current ratio	1.66	1.07	1.30	1.04	1.03
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Sales/Net Working Capital	2.83	32.23	13	39.76	42.46
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Gearing %	289.60	11.30	12	21.10	26.70
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Equity in %	13.60	24.60	40.90	13.70	9.10
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Creditor Days	81.63	58.09	44.26	52.51	44.82
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Debtor Days	9.28	4.63	12.22	18.11	26.27
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Liquidity/Acid Test	1.01	0.65	0.76	0.77	0.87
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Return On Capital Employed %	-10.23	-40.74	31.17	129.17	31.92
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Return On Total Assets Employed %	-4.93	-9.74	12.20	19.71	3.46
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Current Debt Ratio	4.18	3.54	1.74	6.72	10.40
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Total Debt Ratio	7.08	3.65	1.86	6.93	10.67
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Stock Turnover Ratio %	34.67	17.83	13.53	16.32	13.43
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\barchart-grey.png$	Return on Net Assets Employed %	-39.86	-45.35	34.92	156.42	40.44

Event History View Documents

Date	Description
12/04/2017	Confirmation Statement
11/04/2017	New Accounts Filed
11/04/2017	New Accounts Filed
11/04/2017	Payment Data Update Received
01/04/2017	Payment Data Update Received
22/10/2016	Payment Data Update Received
09/08/2016	Dr T. Woelfle has left the board
05/08/2016	New Board Member Mr G.G. Peacock appointed
02/08/2016	Payment Data Update Received
13/06/2016	Annual Returns
15/04/2016	New Accounts Filed
15/04/2016	New Accounts Filed
14/04/2016	Payment Data Update Received
01/04/2016	Payment Data Update Received
02/02/2016	Mr P. Stout has left the board

Previous Company Names

Date	Previous Name
21/07/2015	AMERICANA INTERNATIONAL LIMITED
21/08/2003	INHOCO 2853 LIMITED
04/08/2003	AMERICANA INTERNATIONAL (2003) LIMITED
28/07/2003	INHOCO 2853 LIMITED

Writ Details

No writs found

Statistics

Group	3 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	EMERAM URBANICS LTD
Ownership Status	Wholly Owned
Ultimate Holding Company	EMERAM URBANICS HOLDING LTD

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\tminus.gif$ EMERAM URBANICS HOLDING LTD	08905327	25.06.2016	Y	£53,601,000
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\tminus.gif$ EMERAM URBANICS LTD	08905524	25.06.2016	N
$Description: \\vivek-pc\123 Foreign Report Raw\BENCH LIMITED_files\L.gif$ BENCH LIMITED	04787106	25.06.2016	N	£45,675,000

Statistics

Group	3 companies
Linkages	0 companies
Countries	In 0 countries

Mortgage Details

Mortgage Type:
Date Charge Created:	05/02/16
Date Charge Registered:	08/02/16
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	AIB GROUP (UK) PLC;
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:	29/04/14
Date Charge Registered:	02/05/14
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BEECHBROOK MEZZANINE II JERSEY LIMITED;
Amount Secured:
Details:	CONTAINS FIXED CHARGE.CONTAINS NEGATIVEPLEDGE.

Mortgage Type:
Date Charge Created:	29/04/14
Date Charge Registered:	02/05/14
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BEECHBROOK MEZZANINE II JERSEY LIMITED;
Amount Secured:
Details:	CONTAINS FIXED CHARGE.CONTAINS NEGATIVEPLEDGE.
Mortgage Type:
Date Charge Created:	01/05/14
Date Charge Registered:	02/05/14
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BEECHBROOK MEZZANINE II JERSEY LIMITED AS SECURITY AGENT;
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:	29/04/14
Date Charge Registered:	02/05/14
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	AIB GROUP (UK) P.L.C;
Amount Secured:
Details:	CONTAINS FIXED CHARGE.CONTAINS NEGATIVEPLEDGE.
Mortgage Type:
Date Charge Created:	29/04/14
Date Charge Registered:	02/05/14
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	AIB GROUP (UK) P.L.C;
Amount Secured:
Details:	CONTAINS FIXED CHARGE.CONTAINS NEGATIVEPLEDGE.

Mortgage Type:
Date Charge Created:	01/05/14
Date Charge Registered:	01/05/14
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	AIB GROUP (UK) PLC;
Amount Secured:
Details:	CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.
Mortgage Type:	RENT DEPOSIT DEED
Date Charge Created:	29/04/10
Date Charge Registered:	06/05/10
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	FREEPORT (NOMINEE 1) LIMITED AND FREEPORT (NOMINEE 2) LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	£18,829.39 OR SUCH OTHER MONIES AND INTEREST

Mortgage Type:	RENT DEPOSIT DEED
Date Charge Created:	09/07/09
Date Charge Registered:	17/07/09
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	LASALLE UK VENTURES PROPERTY 11 S.A.R.L.
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	ALL THE DEPOPSIT MONIES SEE IMAGE FOR FULL DETAILS
Mortgage Type:	DEBENTURE
Date Charge Created:	28/03/07
Date Charge Registered:	07/04/14
Date Charge Satisfied:	-
Status:	SATISFIED
Person(s) Entitled:	HG POOLED MANAGEMENT LIMITED (AS INVESTOR SECURITY TRUSTEE FOR THE INVESTOR FINANCE PARTIES);
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:	SENIOR GERMAN SHARE PLEDGE
Date Charge Created:	30/03/07
Date Charge Registered:	07/04/14
Date Charge Satisfied:	-
Status:	SATISFIED
Person(s) Entitled:	NATIONAL AUSTRALIA BANK LIMITED;
Amount Secured:
Details:	THE PLEDGOR PLEDGES THE REGISTERED FULLY PAID UP SHARE CAPITAL BEING THE ONE SHARE IN THE COMPANY HELD BY THE PLEDGOR WITH A NOMINAL VALUE OF EUR 50,000 ALL FUTURE AND/OR INCREASED SHARES AS WELL AS RIGHTS FOR SUBSCRIPTION OF NEW SHARES ALL CURRENT AND FUTURE RIGHTS AND CLAIMS ASSOCIATED WITH THE PLEDGORS SHARES INCLUDING DIVIDENDS LIQUIDATION PROCEEDS REDEMPTION PROCEEDSSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	MEZZANINE GERMAN SHARE PLEDGE
Date Charge Created:	30/03/07
Date Charge Registered:	07/04/14
Date Charge Satisfied:	-
Status:	SATISFIED
Person(s) Entitled:	NATIONAL AUSTRALIA BANK LIMITED;
Amount Secured:
Details:	THE PLEDGOR PLEDGES THE REGISTERED FULLY PAID UP SHARE CAPITAL BEING THE ONE SHARE IN THE COMPANY HELD BY THE PLEDGOR WITH A NOMINAL VALUE OF EUR 50,000 ALL FUTURE AND/OR INCREASED SHARES AS WELL AS RIGHTS FOR SUBSCRIPTION OF NEW SHARES ALL CURRENT AND FUTURE RIGHTS AND CLAIMS ASSOCIATED WITH THE PLEDGORS SHARES INCLUDING DIVIDENDS LIQUIDATION PROCEEDS REDEMPTION PROCEEDSSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	DEBENTURE
Date Charge Created:	29/03/07
Date Charge Registered:	07/04/14
Date Charge Satisfied:	-
Status:	SATISFIED
Person(s) Entitled:	NATIONAL AUSTRALIA BANK LIMITED ABN 12 004 044 937 (THE SECURITY TRUSTEE);
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:	SHARE PLEDGE AGREEMENT EXECUTED OUTSIDETHE UNITED KINGDOM AND COMPRISING PROPERTY SITUATED THERE
Date Charge Created:	25/11/05
Date Charge Registered:	07/04/14
Date Charge Satisfied:	-
Status:	SATISFIED
Person(s) Entitled:	NATIONAL AUSTRALIA BANK LIMITED ("THE PLEDGEE");
Amount Secured:
Details:	THE EXISING SHARES AND ALL ADDITIONAL SHARES IN THE CAPITAL OF THE COMPANY (AMERICANA GERMANY GMBH) IN WHATEVER NOMINALVALUE WHICH THE PLEDGOR MAY AQUIRE IN THE FUTURE IN THE EVENT OF A SHARE TRANSFER, AN INCREASE OF THE CAPITAL OF THE COMPANY OR OTHERWISE TOGETHER WITH ALL ANCILLARY RIGHTS AND CLAIMS ASSOCIATED WITHTHE SHARES REFFERED TO UNDER CLAUSE 5 TO THE SHARE PLEDGESEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	ASSIGNMENT BY WAY OF SECURITY
Date Charge Created:	01/11/05
Date Charge Registered:	07/04/14
Date Charge Satisfied:	-
Status:	SATISFIED
Person(s) Entitled:	NATIONAL AUSTRALIA BANK LIMITED IN ITS CAPACITY AS TRUSTEE AND SECURITY AGENT FOR THE SECURED P;
Amount Secured:
Details:	EACH POLICY AND ALL POLICY PROCEEDS ANDALL ITS RIGHT TITLE AND INTEREST PRESENT AND FUTURE IN EACH POLICYSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	DEBENTURE
Date Charge Created:	01/11/05
Date Charge Registered:	07/04/14
Date Charge Satisfied:	-
Status:	SATISFIED
Person(s) Entitled:	NATIONAL AUSTRALIA BANK LIMITED IN ITS CAPACITY AS TRUSTEE AND SECURITY AGENT FOR THE SECURED P;
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:	RENT DEPOSIT DEED
Date Charge Created:	01/03/04
Date Charge Registered:	05/03/04
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	THE EQUITABLE LIFE ASSURANCE SOCIETY
Amount Secured:	£88,125 AND ALL OTHER MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OFTHE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	THE DEPOSIT OF £88,125 IS CHARGED TO THE LANDLORD UNDER THE RENT DEPOSIT DEED; SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	CHARGE OF DEPOSIT WITH THE BANK
Date Charge Created:	07/08/03
Date Charge Registered:	13/08/03
Date Charge Satisfied:	10/11/05
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	ALL DEPOSITS NOW AND IN THE FUTURE CREDITED TO ACCOUNT DESIGNATION NATIONAL WESTMINSTER BANK PLC RE:SIMON HAGUE LOAN NOTES ACCOUNT ACCOUNT NUMBER 70515875 SORT CODE 51-61-11 WITH THE BANK AND ANY DEPOSIT OR ACCOUNT OF ANY OTHER CURRENCY DESCRIPTION OR DESIGNATION WHICH DERIVES IN WHOLE OR IN PART FROM SUCH DEPOSIT ORACCOUNT SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	ASSIGNMENT OF AN INSURANCE POLICY
Date Charge Created:	07/08/03
Date Charge Registered:	13/08/03
Date Charge Satisfied:	10/11/05
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	THE COMPANY HAS COVENENTED TO DISCHARGEALL OF THE COMPANYS OBLIGATIONS AND AS A CONTINUING SECURITYFOR SUCH DISCHARGEAND WITH FULL SUCH DISCHARGE AND WITH FULL TITLE GUARANTEE ASSIGNED TO THE BANKTHEPOLICY OVER THE LIFE OF ALAN HORRIDGE WITH LUTINE ASSURANCE SERVICES LIMITED (POLICY NUMBER 211374)AND ALL MONEY THAT MAY BECOME PAYABLE UNDER THE POLICY SUBJECT TO RE-ASSIGNMENT ON REDEMPTION SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	ASSIGNMENT OF AN INSURANCE POLICY
Date Charge Created:	07/08/03
Date Charge Registered:	13/08/03
Date Charge Satisfied:	10/11/05
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	THE COMPANY HAS COVENANTED TO DISCHARGEALL OF THE COMPANYS OBLIGATIONS AND AS A CONTINUING SECURITYFOR SUCH DISCHARGEAND WITH FULL TITLE GUARANTEE ASSIGNED TO THE BANK THE POLICY OVER THE LIFE OF JONATHAN STUART WHITE WITH LUTINE ASSURANCE SERVICES LIMITED (POLICY NUMBER 211375) AND ALL MONEY THATMAY BECOME PAYABLE UNDER THE POLICY SUBJECT TO RE-ASSIGNMENT ON REDEMPTION SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	ASSIGNMENT OF AN INSURANCE POLICY
Date Charge Created:	07/08/03
Date Charge Registered:	13/08/03
Date Charge Satisfied:	10/11/05
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	THE COMPANY HAS COVENANTED TO DISCHARGE ALL OF THE COMPANYS OBLIGATIONS AND ASA CONTINUING SECURITYFOR SUCH DISCHARGE AND WITH FULL TITLE GUARANTEE ASSIGNEDTO THE BANK THE POLICY OVER THE LIFE OFMARGARET FRANCES MORGAN WITH LUTINE ASSURANCE SERVICES LIMITED (POLICY NUMBER 211376) AND ALL MONEY THAT MAY BECOME PAYABLE UNDER THE POLICY SUBJECT TO RE-ASSIGNMENT ON REDEMPTION SEE THE MORTGAGE CHARGEDOCUMENT FOR FULL DETAILS
Mortgage Type:	ASSIGNMENT OF AN INSURANCE POLICY
Date Charge Created:	07/08/03
Date Charge Registered:	13/08/03
Date Charge Satisfied:	10/11/05
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	THE COMPANY HAS COVENANTED TO DISCHARGEALL OF THE COMPANYS OBLIGATIONS AND AS A CONTINUING SECURITYFOR SUCH DISCHARGEAND WITH FULL TITLE GUARANTEE ASSIGNED TO THE BANK THE POLICY OVER THE LIFE OF ANNA MARIE COOPER WITH LUTINE ASSURANCE SERVICES LIMITED (POLICY NUMBER 211386) AND ALL MONEY THAT MAYBECOME PAYABLE UNDER THE POLICY SUBJECT TO RE-ASSIGNMENT OR REDEMPTION SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	ASSIGNMENT OF AN INSURANCE POLICY
Date Charge Created:	07/08/03
Date Charge Registered:	13/08/03
Date Charge Satisfied:	10/11/05
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	THE COMPANY HAS COVENANTED TO DISCHARGEALL OF THE COMPANYS OBLIGATIONS AND AS A CONTINUING SECURITYFOR SUCH DISCHARGEAND WITH FULL TITLE GUARANTEE ASSIGNED TO THE BANK THE POLICY OVER THE LIFE OF SIMON DAVID HAGUE WITH LUTINE ASSURANCE SERVICES LIMITED (POLICY NUMBER 211378) AND ALL MONEY THAT MAYBECOME PAYABLE UNDER THE POLICY SUBJECT TO RE-ASSIGNMENT ON REDEMPTION SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	GUARANTEE & DEBENTURE
Date Charge Created:	07/08/03
Date Charge Registered:	13/08/03
Date Charge Satisfied:	19/01/05
Status:	SATISFIED
Person(s) Entitled:	ISIS EQUITY PARTNERS PLC (THE "SECURITY TRUSTEE")
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE SECURED PARTIES ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
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 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	DEBENTURE
Date Charge Created:	07/08/03
Date Charge Registered:	13/08/03
Date Charge Satisfied:	10/11/05
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:	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 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

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	10	£65,458
Company Name		Amount	Statement Date
Copperspark Limited		£29,601	14/05/2010
Exit Clothing Ltd		£9,751	05/08/2010
Exit Clothing Ltd		£9,077	05/08/2010
Nfinite Limited		£5,663	30/12/2009
Samana (Holdings) Limited		£3,134	20/12/2011
Little Nation Limited		£2,981	15/11/2011
Remy Clothing Limited		£1,940	10/05/2011
Sublime (Scarborough) Limited		£1,870	30/05/2012
Renegade UK Ltd		£850	15/01/2013
Just Kidding (Sussex) Limited		£591	14/05/2010

Previous Director/Company Secretaries

Name	Current Active Appointments		Previous Appointments	Dissolved Companies
David Michael Brock	5		10	33
Steven Donaldson	0		6	24
Steven Donaldson	0		6	24
Alan Horridge	0		2	15
A G SECRETARIAL LIMITED	274		2135	1606
Anna Marie Cooper	0		2	4
Anna Marie Cooper	0		2	4
Kelvin Bryan Vidler	0		2	7
Mark Robert James Turner	1		6	8
Margaret Frances Morgan	3		3	19
Margaret Frances Morgan	3		3	19
Paul Raymond Masters	2		3	6
Peter McGuigan	2		23	23
Paul Stout	3		3	10
Paul Stout	3		3	10
Simon David Hague	0		3	7
Gordon Martin Baird	0		4	2
Thomas Woelfle	0		3	0
INHOCO FORMATIONS LIMITED	8		658	1489
Total Persons With Significant Control	0	Total Statements		1
Active	0	Active		1
Ceased	0	Ceased		0

Active Persons With Significant Control

No Active Persons With Significant Control To Display

Ceased Persons With Significant Control

No Ceased Persons With Significant Control To Display

Active Statements

Statement	The company has not yet completed taking reasonable steps to find out if there is anyone who is a registrable person or a registrable relevant legal entity in relation to the company
Notified On	05/04/2017

Ceased Statements

No Ceased Statements To Display

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 65.05
UK Pound	1	INR 90.41
Euro	1	INR 79.82
GBP	1	INR 90.57

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

INFORMATION DETAILS

Analysis Done by :	DIV

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.