3decades

MIRA INFORM REPORT

Report No. :	485028
Report Date :	09.01.2018

IDENTIFICATION DETAILS

Name :	MEMO FASHIONS LIMITED

Registered Office :	Memo House, Kendal Avenue, Acton, W3 0xa

Country :	United Kingdom

Financials (as on) :	31.03.2017

Date of Incorporation :	24.04.1984

Com. Reg. No.:	01810877

Legal Form :	Private limited with Share Capital

Line of Business :	· Manufacture of other women's outerwear · A group engaged in wholesale of women's fashion clothing.

No. of Employees :	43

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 Britain'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 new Conservative majority government. However, the deficit still remains one of the highest in the G7, standing at 4.1% of GDP as of mid-2016, and Britain has pledged to lower its corporation tax from 20% to 17% by 2020. Britain had a debt burden of 92.2% GDP at the end of 2016.

While the UK is one of the fastest growing economies in the G7, economists are concerned about the potential negative impact of the UK’s vote to leave the EU. 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.

Source : CIA

Company name and address

Company Name: MEMO FASHIONS LIMITED

Company No: 01810877

Company Status: Active - Accounts Filed

Registered Address: MEMO HOUSEKENDAL AVENUEACTONW3 0XA

Company Name

MEMO FASHIONS LIMITED

Company Number

01810877

Company Summary

Registered Address MEMO HOUSE
KENDAL AVENUE
ACTON
W3 0XA

Trading Address Memo House
Kendal Avenue
Acton
London
W3 0XA

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

Telephone Number 02085377100

Fax Number

TPS No

FPS Yes

Incorporation Date 24/04/1984

Previous Name

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 18/09/2017

Currency GBP

Share Capital £1,000,000

SIC07 14132

Charity Number -

SIC07 Description MANUFACTURE OF OTHER WOMEN'S OUTERWEAR

Principal Activity A group engaged in wholesale of women's fashion clothing.

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company -

Accountant -

Mortgages 8

Group 0 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

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

31/03/2017 £17,975,088 £207,283 £8,722,035 43

31/08/2016 £30,014,380 £378,869 £8,580,558 45

31/08/2015 £31,145,574 £332,874 £8,310,277 45

Mortgage Summary

Total Mortgage 8

Outstanding 3

Satisfied 5

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 Medium company in respect of the rating/limit generated.

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

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

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

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	3	Total Current Secretaries	0
Total Previous Directors / Company Secretaries	5	Total Person's With Significant Control	1

Current Directors

Title	Mr	Function	Director
Name	Nirmal Kumar Banthia	Nationality	British
Date of Birth	01/1947	Present Appointments	3
Latest Address	Memo House, Kendal Avenue, Acton, London	Appointment Date	30/09/1990
Post Code	W3 0XA
Title		Function	Director
Name	Prakashchandra Hegde	Nationality	British
Date of Birth	10/1946	Present Appointments	1
Latest Address	Memo House, Kendal Avenue, Acton, London	Appointment Date	24/12/1997
Post Code	W3 0XA

Title	Mr	Function	Director
Name	Prateek Banthia	Nationality	British
Date of Birth	12/1975	Present Appointments	5
Latest Address	Memo House, Kendal Avenue, Acton, London	Appointment Date	01/09/2001
Post Code	W3 0XA

Current Company Secretary

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
MR NIRMAL KUMAR BANTHIA	GBP	510,000	ORDINARY	1	51
MRS PUSHPA BANTHIA	GBP	250,000	ORDINARY	1	25
MR PRATEEK BANTHIA	GBP	240,000	ORDINARY	1	24
1

Financials

Profit & Loss

	Date Of Accounts	31/03/17	(%)	31/08/16	(%)	31/08/15	(%)	31/08/14	(%)	31/08/13
	Weeks	30	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	Y	(%)	Y	(%)	Y	(%)	Y	(%)	N
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Turnover	£17,975,088	-40.1%	£30,014,380	-3.6%	£31,145,574	-7.2%	£33,556,973	14.9%	£29,193,035
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Cost of Sales	£15,807,953	-39.6%	£26,156,405	-5.1%	£27,559,381	-8.3%	£30,066,502	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Gross Profit	£2,167,135	-43.8%	£3,857,975	7.6%	£3,586,193	2.7%	£3,490,471	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Wages & Salaries	£931,227	-51.3%	£1,913,877	16.2%	£1,646,668	-3.9%	£1,712,635	-2.3%	£1,753,186
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Directors Emoluments	£110,833	-77.6%	£495,000	277.9%	£131,000	-8.4%	£142,994	-31.1%	£207,513
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Operating Profit	£402,993	8.5%	£371,537	17.4%	£316,454	-1.1%	£319,973	-17.4%	£387,358
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Depreciation	£83,206	-66.8%	£250,853	0.1%	£250,608	2.3%	£245,077	1%	£242,649
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Audit Fees	£14,080	4.3%	£13,500	-	£13,500	-	£13,500	-	£13,500
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Interest Payments	£51,556	130.7%	£22,348	999.9%	£491	-90.6%	£5,200	999.9%	£205
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Pre Tax Profit	£207,283	-45.3%	£378,869	13.8%	£332,874	-6.6%	£356,550	-12.5%	£407,462
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Taxation	-£65,806	39.4%	-£108,588	-37.7%	-£78,833	45.1%	-£143,569	-53.5%	-£93,509
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Profit After Tax	£141,477	-47.7%	£270,281	6.4%	£254,041	19.3%	£212,981	-32.2%	£313,953
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Retained Profit	£141,477	-47.7%	£270,281	6.4%	£254,041	19.3%	£212,981	-32.2%	£313,953

Balance Sheet

	Date Of Accounts	31/03/17	(%)	31/08/16	(%)	31/08/15	(%)	31/08/14	(%)	31/08/13
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Tangible Assets	£73,990	-52.9%	£157,196	-60.2%	£394,552	-37.3%	£629,132	-21%	£796,206
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Total Fixed Assets	£73,990	-52.9%	£157,196	-60.2%	£394,552	-37.3%	£629,132	-21%	£796,206
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Stock	£633,028	-82.7%	£3,650,353	70.7%	£2,137,976	-50.4%	£4,307,405	36.9%	£3,146,349
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Trade Debtors	£2,557,896	-53.5%	£5,496,425	-22.5%	£7,088,563	5.9%	£6,691,636	36.3%	£4,910,753
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Cash	£7,164,312	43.1%	£5,007,548	79.4%	£2,791,549	-13.5%	£3,228,670	44.7%	£2,231,623
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Other Debtors	£166,668	-80%	£835,417	42%	£588,431	-41.4%	£1,003,526	-19.4%	£1,245,532
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Miscellaneous Current Assets	0	-100%	£176,178	-	£176,178	-2.5%	£180,658	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Total Current Assets	£10,521,904	-30.6%	£15,165,921	18.6%	£12,782,697	-17.1%	£15,411,895	33.6%	£11,534,257
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Trade Creditors	£1,381,526	-77.6%	£6,156,909	88.6%	£3,264,669	-42.3%	£5,657,321	45.6%	£3,886,343
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-100%	£940,995	-46.1%	£1,745,505	999.9%	£67,504
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Other Short Term Finance	£47,498	137.5%	£20,000	-67.4%	£61,283	-43.7%	£108,846	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Miscellaneous Current Liabilities	£444,835	-21.4%	£565,650	-3.5%	£586,094	39.7%	£419,413	-18.2%	£512,595
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Total Current Liabilities	£1,873,859	-72.2%	£6,742,559	38.9%	£4,853,041	-38.8%	£7,931,085	77.6%	£4,466,442
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	0	-	0	-100%	£954,926	-46.9%	£1,799,211	999.9%	£88,270
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Total Long Term Liabilities	0	-	0	-100%	£13,931	-74.1%	£53,706	158.6%	£20,766

Capital & Reserves

	Date Of Accounts	31/03/17	(%)	31/08/16	(%)	31/08/15	(%)	31/08/14	(%)	31/08/13
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Called Up Share Capital	£1,000,000	-	£1,000,000	-	£1,000,000	-	£1,000,000	-	£1,000,000
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	P & L Account Reserve	£7,722,035	1.9%	£7,580,558	3.7%	£7,310,277	3.6%	£7,056,236	3.1%	£6,843,255
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Sundry Reserves	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Shareholder Funds	£8,722,035	1.6%	£8,580,558	3.3%	£8,310,277	3.2%	£8,056,236	2.7%	£7,843,255

Other Financial Items

	Date Of Accounts	31/03/17	(%)	31/08/16	(%)	31/08/15	(%)	31/08/14	(%)	31/08/13
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Net Worth	£8,722,035	1.6%	£8,580,558	3.3%	£8,310,277	3.2%	£8,056,236	2.7%	£7,843,255
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Working Capital	£8,648,045	2.7%	£8,423,362	6.2%	£7,929,656	6%	£7,480,810	5.8%	£7,067,815
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Total Assets	£10,595,894	-30.9%	£15,323,117	16.3%	£13,177,249	-17.9%	£16,041,027	30.1%	£12,330,463
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Total Liabilities	£1,873,859	-72.2%	£6,742,559	38.5%	£4,866,972	-39%	£7,984,791	77.9%	£4,487,208
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Net Assets	£8,722,035	1.6%	£8,580,558	3.3%	£8,310,277	3.2%	£8,056,236	2.7%	£7,843,255

Cash Flow

	Date Of Accounts	31/03/17	(%)	31/08/16	(%)	31/08/15	(%)	31/08/14	(%)	31/08/13
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Net Cashflow from Operations	£2,196,296	-34%	£3,328,304	539.8%	£520,244	259.5%	-£326,259	-142.3%	-£134,657
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Net Cashflow before Financing	£2,176,764	-31.9%	£3,198,277	670.8%	£414,953	160.9%	-£680,954	-371.6%	-£144,390
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Net Cashflow from Financing	-£20,000	51.6%	-£41,283	13.2%	-£47,563	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Increase in Cash	£2,156,764	-31.7%	£3,156,994	759.3%	£367,390	154%	-£680,954	-371.6%	-£144,390

Miscellaneous

	Date Of Accounts	31/03/17	(%)	31/08/16	(%)	31/08/15	(%)	31/08/14	(%)	31/08/13
	Contingent Liability	YES	-	YES	-	YES	-	YES	-	YES
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Capital Employed	£8,722,035	1.6%	£8,580,558	3.1%	£8,324,208	2.6%	£8,109,942	3.1%	£7,864,021
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Number of Employees	43	-4.4%	45	-	45	-15.1%	53	10.4%	48
	Accountants
	Auditors	KING & KING
	Auditor Comments	The audit report contains no adverse comments
	Bankers	HSBC BANK PLC
	Bank Branch Code	40-23-13

Ratios

	Date Of Accounts	31/03/17	31/08/16	31/08/15	31/08/14	31/08/13
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Pre-tax profit margin %	1.15	1.26	1.07	1.06	1.40
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Current ratio	5.62	2.25	2.63	1.94	2.58
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Sales/Net Working Capital	2.08	3.56	3.93	4.49	4.13
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Gearing %	0	0	11.50	22.30	1.10
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Equity in %	82.30	56	63.10	50.20	63.60
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Creditor Days	16.14	74.66	38.15	61.36	48.45
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Debtor Days	29.88	66.65	82.84	72.58	61.23
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Liquidity/Acid Test	5.27	1.70	2.19	1.40	1.87
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Return On Capital Employed %	2.37	4.41	3.99	4.39	5.18
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Return On Total Assets Employed %	1.95	2.47	2.52	2.22	3.30
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Current Debt Ratio	0.21	0.78	0.58	0.98	0.56
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Total Debt Ratio	0.21	0.78	0.58	0.99	0.57
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Stock Turnover Ratio %	3.52	12.16	6.86	12.83	10.77
$Description: \\vivek-pc\123 Foreign Report Raw\New folder\MEMO FASHIONS LTD_files\barchart-grey.png$	Return on Net Assets Employed %	2.37	4.41	4	4.42	5.19

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
23/10/2017	Confirmation Statement
26/09/2017	New Accounts Filed
07/06/2017	New Accounts Filed
07/06/2017	New Accounts Filed
06/06/2017	New Accounts Filed
06/06/2017	New Accounts Filed
04/11/2016	Annual Returns
07/06/2016	New Accounts Filed
07/06/2016	New Accounts Filed
19/12/2015	Annual Returns
14/01/2015	New Accounts Filed
14/01/2015	New Accounts Filed
17/12/2014	L. Sethia has resigned as company secretary
29/11/2014	Annual Returns
28/11/2014	Change in Reg.Office

Previous Company Names

No Previous Names found

Writ Details

No writs found

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group Structure

No Group Structure

Statistics

Group	0 companies
Linkages	0 companies
Countries	In 0 countries

Mortgage Details

Mortgage Type:	LEGAL ASSIGNMENT
Date Charge Created:	27/12/06
Date Charge Registered:	03/01/07
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ANY CREDIT BALANCE DUE TO THE COMPANY UNDER CONDITION 13 OF THE AGREEMENT FOR THE PURCHASE OF DEBTSSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	FIXED CHARGE ON PURCHASED DEBTS WHICH FAIL TO VEST
Date Charge Created:	18/11/99
Date Charge Registered:	22/11/99
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC INVOICE FINANCE (UK) LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE WHETHER ARISING UNDER AN AGREEMENT
Details:	BY WAY OF FIXED EQUITABLE CHARGE ALL DEBTS PURCHASED OR PURPORTED TO BE PURCHASED BY THE SECURITY HOLDER PURSUANT TO ANAGREEMENT FOR THE PURCHASE OF DEBTS BETWEEN THE SECURITY HOLDER AND THE COMPANY(INCLUDING THE ASSOCIATED RIGHTS RELATING THERETO) WHICH FAIL TO VEST EFFECTIVELY OR ABSOLUTELY IN THESECURITY HOLDER FOR ANY REASON

Mortgage Type:	MORTGAGE
Date Charge Created:	28/10/99
Date Charge Registered:	12/11/99
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC 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:	LETTER OF LIEN
Date Charge Created:	10/06/94
Date Charge Registered:	17/06/94
Date Charge Satisfied:	11/05/02
Status:	SATISFIED
Person(s) Entitled:	CANARA BANK
Amount Secured:	ALL MONIES DUE FROM HARVESTDEAL (UK) LIMITED TO THE CHARGEE
Details:	ANY MONIES FROM TIME TO TIME STANDING TO THE CREDIT OF THE COMPANIES WITH THE BANK OR ANY OF ITS AGENTS ON ANY ACCOUNT OR IN ANY MANNER

Mortgage Type:	DEBENTURE
Date Charge Created:	13/08/93
Date Charge Registered:	26/08/93
Date Charge Satisfied:	11/05/02
Status:	SATISFIED
Person(s) Entitled:	CANARA BANK
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
Mortgage Type:	MORTGAGE
Date Charge Created:	13/08/93
Date Charge Registered:	26/08/93
Date Charge Satisfied:	11/05/02
Status:	SATISFIED
Person(s) Entitled:	CANARA BANK
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ALL RIGHT TITLE & INTEREST IN THE BALANCE FROM TIME ON STERLING DEPOSIT ACCOUNTNO 250001-301

Mortgage Type:	DEBENTURE
Date Charge Created:	31/01/85
Date Charge Registered:	08/02/85
Date Charge Satisfied:	11/05/02
Status:	SATISFIED
Person(s) Entitled:	CANARA BANK.
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	(SEE M9) FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY
Mortgage Type:	DEBENTURE
Date Charge Created:	30/01/85
Date Charge Registered:	31/01/85
Date Charge Satisfied:	11/05/02
Status:	SATISFIED
Person(s) Entitled:	CANARA BANK
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	PLEASE SEE DOC M8 FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY

Previous Director/Company Secretaries

Name	Current Active Appointments	Previous Appointments	Dissolved Companies
Bhaskar Ramchandra Patankar	0	4	2
Bhaskar Ramchandra Patankar	0	4	2
Pushplata Banthia	2	2	0
Ashok Kumar Jhunjhunwala	0	2	6
Laxmipat Sethia	0	2	2

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

Active Persons With Significant Control

Name	Mr Nirmal Kumar Banthia	Kind	Individual Person With Significant Control
Address	Memo House, Kendal Avenue, Acton, London	Country Of Residence	United Kingdom
Post Code	W3 0XA	Nationality	British
Date of Birth	01/1947	Notified On	06/04/2016
Nature Of Control	Ownership of shares - between 50% and 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	£113.17
Invoices available	135
Paid	134
Outstanding	1

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	60	66	2	0	6
Outstanding	1	0	0	0	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.34
UK Pound	1	INR 85.89
Euro	1	INR 76.15
GBP	1	INR 86.06

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

INFORMATION DETAILS

Analysis Done by :	NIS

Report Prepared by :	SYL

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.