MIRA INFORM REPORT

Report No. :	486500
Report Date :	15.01.2018

IDENTIFICATION DETAILS

Name :	HEL LIMITED
Formerly Known As :	· HAZARD EVALUATION LABORATORY LIMITED · WIDEPLANET LIMITED
Registered Office :	9-10 Capital Business Park, Manor Way, Borehamwood, Wd6 1gw
Country :	United Kingdom
Financials (as on) :	30.06.2016
Date of Incorporation :	14.07.1987
Com. Reg. No.:	02147149
Legal Form :	Private limited with Share Capital
Line of Business :	· Other Research And Experimental Development On Natural Sciences And Engineering · Manufacture and sale equipment and advising on the minimisation of risks involved in the handling and processing of potentially dangerous substances.
No. of Employees :	Not available

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 :	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	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 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: HEL LIMITED

Company No: 02147149

Registered Address: 9-10 CAPITAL BUSINESS PARK MANOR WAY BOREHAMWOOD WD6 1GW

Company Summary

Registered Address 9-10 CAPITAL BUSINESS PARK
MANOR WAY
BOREHAMWOOD
WD6 1GW

Trading Address Unit 9-10
Capital Business Park
Manor Way
Borehamwood, Hertfordshire
WD6 1GW

Website Address http://www.helgroup.com

Telephone Number 02087360640

Fax Number

TPS No

FPS Yes

Incorporation Date 14/07/1987

Previous Name HAZARD EVALUATION LABORATORY LIMITED

Type Private limited with Share Capital

FTSE Index -

Date of Change 15/01/2003

Filing Date of Accounts 02/05/2017

Currency GBP

Share Capital £15,000

SIC07 72190

Charity Number -

SIC07 Description OTHER RESEARCH AND EXPERIMENTAL DEVELOPMENT ON NATURAL SCIENCES AND ENGINEERING

Principal Activity Manufacture and sale equipment and advising on the minimisation of risks involved in the handling and processing of potentially dangerous substances.

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company HEL LIMITED

Accountant -

Mortgages 3

Trade Debtors -

Group 2 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

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

30/06/2016 - - £3,546,588 -

30/06/2015 - - £2,895,911 -

30/06/2014 - - £2,935,043 -

Mortgage Summary

Total Mortgage 3

Outstanding 0

Satisfied 3

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 1

Total Value of Documented Trade £2,700

Commentary

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

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

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

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

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

This company trades in an industry with a lower level of corporate failures.

CCJ

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

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Show More

Total Current Directors	2	Total Current Secretaries	1
Total Previous Directors / Company Secretaries	1	Total Person's With Significant Control	2

Current Directors

Title	Dr	Function	Director
Name	Brian Joseph Berenblut	Nationality	British
Date of Birth	12/1947	Present Appointments	3
Latest Address	9-10 Capital Business Park, Manor Way, Borehamwood, Hertfordshire	Appointment Date	31/01/1992
Post Code	WD6 1GW
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report	View Compliance Report
Title	Dr	Function	Director
Name	Jasbir Singh	Nationality	British
Date of Birth	07/1953	Present Appointments	6
Latest Address	29 Birchwood Avenue, London	Appointment Date	31/01/1992
Post Code	N10 3BE
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report	View Compliance Report

Current Company Secretary

Title	Dr	Function	Company Secretary
Name	Jasbir Singh	Nationality	British
Date of Birth	07/1953	Present Appointments	6
Latest Address	29 Birchwood Avenue, London	Appointment Date	31/01/1992
Post Code	N10 3BE
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
DR JASBIR SINGH	GBP	9,750	ORDINARY	1	65
SORREL MARKETING LTD	GBP	5,250	ORDINARY	1	35
1

Financials

Profit & Loss

	Date Of Accounts	30/06/16	(%)	30/06/15	(%)	30/06/14	(%)	30/06/13	(%)	30/06/12
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
	Turnover	-	-	-	-	-	-	-	-	-
	Export	-	-	-	-	-	-	-	-	-
	Cost of Sales	-	-	-	-	-	-	-	-	-
	Gross Profit	-	-	-	-	-	-	-	-	-
	Wages & Salaries	-	-	-	-	-	-	-	-	-
	Directors Emoluments	-	-	-	-	-	-	-	-	-
	Operating Profit	-	-	-	-	-	-	-	-	-
	Depreciation	£20,508	-18.2%	£25,058	156.7%	£9,763	-26.8%	£13,329	-75.9%	£55,284
	Audit Fees	-	-	-	-	-	-	-	-	-
	Interest Payments	-	-	-	-	-	-	-	-	-
	Pre Tax Profit	-	-	-	-	-	-	-	-	-
	Taxation	-	-	-	-	-	-	-	-	-
	Profit After Tax	-	-	-	-	-	-	-	-	-
	Dividends Payable	-	-	-	-	-	-	-	-	-
	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	30/06/16	(%)	30/06/15	(%)	30/06/14	(%)	30/06/13	(%)	30/06/12
	Tangible Assets	£1,655,948	-1.5%	£1,681,994	4%	£1,616,795	19.1%	£1,357,402	753%	£159,129
	Intangible Assets	£64,000	-33.7%	£96,526	-25%	£128,701	999.9%	£934	-22.2%	£1,200
	Total Fixed Assets	£1,719,948	-3.3%	£1,778,520	1.9%	£1,745,496	28.5%	£1,358,336	747.2%	£160,329
	Stock	£650,476	-6.4%	£695,047	8.3%	£641,812	-7.3%	£692,065	2.1%	£677,608
	Trade Debtors	£2,183,285	66.9%	£1,308,491	-11.8%	£1,482,774	-0.4%	£1,488,152	-37.5%	£2,380,777
	Cash	£303,349	-32.9%	£451,775	152.9%	£178,655	-53%	£379,825	-46.2%	£706,375
	Other Debtors	0	-100%	£2,778	-	0	-	0	-	0
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£3,137,110	27.6%	£2,458,091	6.7%	£2,303,241	-10%	£2,560,042	-32%	£3,764,760
	Trade Creditors	£1,310,159	-2%	£1,336,866	20.1%	£1,113,211	33.8%	£831,971	-42.9%	£1,457,066
	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
	Other Short Term Finance	0	-	0	-	0	-	0	-	0
	Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	0
	Total Current Liabilities	£1,310,159	-2%	£1,336,866	20.1%	£1,113,211	33.8%	£831,971	-42.9%	£1,457,066
	Bank Loans & Overdrafts and LTL	£311	-91.9%	£3,834	693.8%	£483	112.8%	£227	-	0
	Other Long Term Finance	0	-	0	-	0	-	0	-	0
	Total Long Term Liabilities	£311	-91.9%	£3,834	693.8%	£483	112.8%	£227	-	0

.

Capital & Reserves

	Date Of Accounts	30/06/16	(%)	30/06/15	(%)	30/06/14	(%)	30/06/13	(%)	30/06/12
	Called Up Share Capital	£15,000	-	£15,000	-	£15,000	-	£15,000	-	£15,000
	P & L Account Reserve	£3,531,588	22.6%	£2,880,911	-1.3%	£2,920,043	-4.9%	£3,071,180	25.2%	£2,453,023
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	-	-	-	-	-	-	-	-	-
	Shareholder Funds	£3,546,588	22.5%	£2,895,911	-1.3%	£2,935,043	-4.9%	£3,086,180	25%	£2,468,023

Other Financial Items

	Date Of Accounts	30/06/16	(%)	30/06/15	(%)	30/06/14	(%)	30/06/13	(%)	30/06/12
	Net Worth	£3,482,588	24.4%	£2,799,385	-0.2%	£2,806,342	-9%	£3,085,246	25.1%	£2,466,823
	Working Capital	£1,826,951	62.9%	£1,121,225	-5.8%	£1,190,030	-31.1%	£1,728,071	-25.1%	£2,307,694
	Total Assets	£4,857,058	14.6%	£4,236,611	4.6%	£4,048,737	3.3%	£3,918,378	-0.2%	£3,925,089
	Total Liabilities	£1,310,470	-2.3%	£1,340,700	20.4%	£1,113,694	33.8%	£832,198	-42.9%	£1,457,066
	Net Assets	£3,546,588	22.5%	£2,895,911	-1.3%	£2,935,043	-4.9%	£3,086,180	25%	£2,468,023

Cash Flow

	Date Of Accounts	30/06/16	(%)	30/06/15	(%)	30/06/14	(%)	30/06/13	(%)	30/06/12
	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	30/06/16	(%)	30/06/15	(%)	30/06/14	(%)	30/06/13	(%)	30/06/12
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
	Capital Employed	£3,546,899	22.3%	£2,899,745	-1.2%	£2,935,526	-4.9%	£3,086,407	25.1%	£2,468,023
	Number of Employees	-	-	-	-	-	-	-	-	-
	Accountants
	Auditors	WELLS ASSOCIATES
	Auditor Comments	The audit report contains no adverse comments
	Bankers	NATIONAL WESTMINSTER BANK PLC
	Bank Branch Code

Ratios

	Date Of Accounts	30/06/16	30/06/15	30/06/14	30/06/13	30/06/12
	Pre-tax profit margin %	-	-	-	-	-
	Current ratio	2.39	1.84	2.07	3.08	2.58
	Sales/Net Working Capital	-	-	-	-	-
	Gearing %	0	0.10	0	0	0
	Equity in %	74	69.90	74.90	78.80	62.90
	Creditor Days	-	-	-	-	-
	Debtor Days	-	-	-	-	-
	Liquidity/Acid Test	1.89	1.31	1.49	2.24	2.11
	Return On Capital Employed %	-	-	-	-	-
	Return On Total Assets Employed %	-	-	-	-	-
	Current Debt Ratio	0.36	0.46	0.37	0.26	0.59
	Total Debt Ratio	0.36	0.46	0.37	0.26	0.59
	Stock Turnover Ratio %	-	-	-	-	-
	Return on Net Assets Employed %	-	-	-	-	-

*Event History View Documents

Date	Description
04/01/2018	Confirmation Statement
12/05/2017	New Accounts Filed
12/05/2017	New Accounts Filed
14/01/2017	Annual Returns
19/03/2016	New Accounts Filed
08/01/2016	Annual Returns
10/04/2015	New Accounts Filed
10/04/2015	New Accounts Filed
14/01/2015	Annual Returns
22/02/2014	New Accounts Filed
22/02/2014	New Accounts Filed
10/01/2014	Annual Returns
14/03/2013	New Accounts Filed
14/03/2013	New Accounts Filed
15/01/2013	Annual Returns

Previous Company Names

Date	Previous Name
15/01/2003	HAZARD EVALUATION LABORATORY LIMITED
03/09/1987	WIDEPLANET LIMITED

Writ Details

No writs found

Statistics

Group	2 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	HEL LIMITED
Ownership Status	Ultimately Owned
Ultimate Holding Company	HEL LIMITED

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
HEL LIMITED	02147149	30.06.2016	N
HAZARD EVALUATION LABO...	03067250	30.06.2016	N

Statistics

Group	2 companies
Linkages	0 companies
Countries	In 0 countries

Mortgage Details

Mortgage Type:	DEBENTURE
Date Charge Created:	10/07/07
Date Charge Registered:	18/07/07
Date Charge Satisfied:	12/01/18
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC;
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 MACHINERY
Mortgage Type:	DEBENTURE
Date Charge Created:	19/05/04
Date Charge Registered:	22/05/04
Date Charge Satisfied:	19/07/07
Status:	SATISFIED
Person(s) Entitled:	LLOYDS TSB 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:	MORTGAGE DEBENTURE
Date Charge Created:	15/05/90
Date Charge Registered:	15/05/90
Date Charge Satisfied:	04/12/04
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

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	1		£2,700
Company Name		Amount		Statement Date
Vego Limited		£2,700		21/10/2014

Previous Director/Company Secretaries

Name	Current Active Appointments		Previous Appointments	Dissolved Companies
Simon Patrick Waldram	1		3	0
Total Persons With Significant Control	2	Total Statements		0
Active	2	Active		0
Ceased	0	Ceased		0

Active Persons With Significant Control

Name	Dr Brian Joseph Berenblut	Kind	Individual Person With Significant Control
Address	9-10 Capital Business Park Manor Way, Borehamwood, Hertfordshire	Country Of Residence	United Kingdom
Post Code	WD6 1GW	Nationality	British
Date of Birth	12/1947	Notified On	06/04/2016
Nature Of Control	Ownership Of Shares 25 To 50 Percent,Voting Rights 25 To 50 Percent
Name	Dr Jasbir Singh	Kind	Individual Person With Significant Control
Address	9-10 Capital Business Park Manor Way, Borehamwood, Hertfordshire	Country Of Residence	United Kingdom
Post Code	WD6 1GW	Nationality	British
Date of Birth	07/1953	Notified On	06/04/2016
Nature Of Control	Ownership Of Shares 50 To 75 Percent,Voting Rights 50 To 75 Percent

Ceased Persons With Significant Control

No Ceased Persons With Significant Control To Display

Active Statements

No Active Statements To Display

Ceased Statements

No Ceased Statements To Display

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.53
UK Pound	1	INR 86.05
Euro	1	INR 76.53
GBP	1	INR 87.24

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.