3decades

MIRA INFORM REPORT

Report No. :	495915
Report Date :	07.03.2018

IDENTIFICATION DETAILS

Name :	TOPSPEED AUTOMOTIVE LIMITED

Formerly Known As :	BIRON ORGANICS LTD

Registered Office :	17-19 The Broadway, New Haw, Addlestone KT15 3EU

Country :	United Kingdom

Financials (as on) :	30.06.2016

Date of Incorporation :	07.05.2004

Com. Reg. No.:	05121771

Legal Form :	Private Limited with Share Capital

Line of Business :	· Retail trade of motor vehicle parts and accessories · Agents in particular products organic food products.

No. of Employees :	Not Available

RATING & COMMENTS

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

MIRA’s Rating :

Credit Rating

Explanation

Rating Comments

Medium Risk

Business dealings permissible on a regular monitoring basis

Status :	Moderate

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 Summary

Registered Address

17-19 The Broadway
New Haw
Addlestone
KT15 3EU

Trading Address

17-19 The Broadway
New Haw
Addlestone
Surrey
KT15 3EU

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

Company Number 05121771

Telephone Number 01932341700

Fax Number -

TPS Yes

FPS Yes

Incorporation Date 07/05/2004

Previous Name BIRON ORGANICS LTD

Type Private Limited with Share Capital

FTSE Index -

Date of Change 02/06/2009

Filing Date of Accounts 31/03/2017

Currency GBP

Share Capital £38,500

SIC07 45320

Charity Number -

SIC07 Description Retail trade of motor vehicle parts and accessories

Principal Activity Agents in particular products organic food products.

Additional Information

CCJ's

0 (£0)

No CCJ Information To Display

Ultimate Holding Company TOPSPEED AUTOMOTIVE LIMITED

Accountant KILBY FOX

Mortgages 1

Group 2 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder	Funds Employees
30.06.2016	-	-	£45,318	-
30.06.2015	-	-	£81,714	-
30.06.2015	-	-	£61,786	-

Mortgage summary

Total Mortgage 4

Outstanding 3

Satisfied 1

Trade debtors / bad debt summary

Total Number of Documented Trade 1

Total Value of Documented Trade £829

Commentary

This company has been treated as a Small company.

The latest Balance Sheet indicates a negative net working capital position.

There has been a reduction in shareholders funds compared with the previous balance sheet.

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	2	Total Current Secretaries	1
Total Previous Directors / Company Secretaries	4	Total Person's With Significant Control	2

Current Directors

Title	Mr	Function	Director
Name	Scott MacOermid	Nationality	British
Date of Birth	04/1970	Present Appointments	3
Latest Address	44 Fullerton Road, Byfleet, West Byfleet, Surrey	Appointment Date	07/05/2004
Post Code	KT14 7TB
Title	Mr	Function	Director
Name	William John MacDermid	Nationality	British
Date of Birth	10/1966	Present Appointments	2
Latest Address	44 Fullerton Road, Byfleet, West Byfleet, Surrey	Appointment Date	30/05/2009
Post Code	KT14 7TB

Current Company Secretary

Title	Mr	Function	Company Secretary
Name	Scott MacDermid	Nationality	British
Date of Birth	04/1970	Present Appointments	4
Latest Address	44 Fullerton Road, Byfleet, West Byfleet, Surrey	Appointment Date	07/05/2004
Post Code	KT14 7TB

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
SCOTT MACDERMID	GBP	1	ORDINARY	19,250	50
WILLIAM JOHN MACDERMID	GBP	1	ORDINARY	19,250	50

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
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Turnover	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Cost of Sales	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Gross Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Wages & Salaries	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Directors Emoluments	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Operating Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Depreciation	£8,454	25.1%	£6,756	-11.2%	£7,608	63%	£4,667	2.5%	£4,555
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Audit Fees	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Interest Payments	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Pre Tax Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Taxation	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Profit After Tax	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	30/06/16	(%)	30/06/15	(%)	30/06/14	(%)	30/06/13	(%)	30/06/12
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Tangible Assets	£220,063	15%	£191,398	-1.8%	£194,945	10.2%	£176,978	64.1%	£107,830
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Total Fixed Assets	£220,063	15%	£191,398	-1.8%	£194,945	10.2%	£176,978	64.1%	£107,830
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Stock	£196,074	124.6%	£87,302	6.4%	£82,052	59.6%	£51,408	28%	£40,158
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Trade Debtors	£38,483	-42.3%	£66,716	165.3%	£25,144	82.5%	£13,781	36%	£10,132
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Cash	£8,676	-22.6%	£11,214	190%	£3,867	-72.1%	£13,847	-55.7%	£31,270
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Other Debtors	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Total Current Assets	£243,233	47.2%	£165,232	48.8%	£111,063	40.5%	£79,036	-3.1%	£81,560
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Trade Creditors	£268,025	45.5%	£184,219	3.4%	£178,099	21.5%	£146,626	73.3%	£84,623
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Other Short Term Finance	£149,953	65.3%	£90,697	37.2%	£66,123	4.5%	£63,300	-16.5%	£75,832
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Total Current Liabilities	£417,978	52%	£274,916	12.6%	£244,222	16.3%	£209,926	30.8%	£160,455
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Total Long Term Liabilities	0	-	0	-	0	-	0	-	0

Capital & Reserves

	Date Of Accounts	30/06/16	(%)	30/06/15	(%)	30/06/14	(%)	30/06/13	(%)	30/06/12
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Called Up Share Capital	£38,500	-	£38,500	-	£38,500	-	£38,500	-	£38,500
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	P & L Account Reserve	£6,818	-84.2%	£43,214	85.6%	£23,286	206.9%	£7,588	179.3%	-£9,565
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Sundry Reserves	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Shareholder Funds	£45,318	-44.5%	£81,714	32.3%	£61,786	34.1%	£46,088	59.3%	£28,935

Other Financial Items

	Date Of Accounts	30/06/16	(%)	30/06/15	(%)	30/06/14	(%)	30/06/13	(%)	30/06/12
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Net Worth	£45,318	-44.5%	£81,714	32.3%	£61,786	34.1%	£46,088	59.3%	£28,935
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Working Capital	-£174,745	-59.3%	-£109,684	17.6%	-£133,159	-1.7%	-£130,890	-65.9%	-£78,895
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Total Assets	£463,296	29.9%	£356,630	16.5%	£306,008	19.5%	£256,014	35.2%	£189,390
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Total Liabilities	£417,978	52%	£274,916	12.6%	£244,222	16.3%	£209,926	30.8%	£160,455
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Net Assets	£45,318	-44.5%	£81,714	32.3%	£61,786	34.1%	£46,088	59.3%	£28,935

Cash Flow

	Date Of Accounts	30/06/16	(%)	30/06/15	(%)	30/06/14	(%)	30/06/13	(%)	30/06/12
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	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
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Capital Employed	£45,318	-44.5%	£81,714	32.3%	£61,786	34.1%	£46,088	59.3%	£28,935
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Number of Employees	-	-	-	-	-	-	-	-	-
	Accountants	KILBY FOX
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	30/06/16	30/06/15	30/06/14	30/06/13	30/06/12
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Pre-tax profit margin %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Current ratio	0.58	0.60	0.45	0.38	0.51
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Sales/Net Working Capital	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Gearing %	0	0	0	0	0
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Equity in %	9.80	22.90	20.20	18	15.30
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Creditor Days	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Debtor Days	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Liquidity/Acid Test	0.11	0.28	0.11	0.13	0.25
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Return On Capital Employed %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Return On Total Assets Employed %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Current Debt Ratio	9.22	3.36	3.95	4.55	5.54
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Total Debt Ratio	9.22	3.36	3.95	4.55	5.54
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\barchart-grey.png$	Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
20/05/2017	Confirmation Statement
05/04/2017	Payment Data Update Received
04/04/2017	New Accounts Filed
04/04/2017	Payment Data Update Received
07/09/2016	Payment Data Update Received
17/06/2016	Annual Returns
17/06/2016	Annual Returns
31/05/2016	Annual Returns
31/03/2016	New Accounts Filed
31/03/2016	New Accounts Filed
14/06/2015	Annual Returns
13/06/2015	Annual Returns
04/04/2015	New Accounts Filed
04/06/2014	Annual Returns
05/04/2014	New Accounts Filed

Previous Company Names

Date	Previous Name
02/06/2009	BIRON ORGANICS LTD

Writ Details

No writs found

Statistics

Group	2 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	TOPSPEED AUTOMOTIVE LIMITED
Ownership Status	Ultimately Owned
Ultimate Holding Company	TOPSPEED AUTOMOTIVE LIMITED

Group StructureFull

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\tminus.gif$ TOPSPEED AUTOMOTIVE LIMITED	05121771	30.06.2016	N
$Description: \\vivek-pc\123 Foreign Report Raw\TOPSPEED AUTOMOTIVE LIMITED_files\L.gif$ CM FROST AUTOPARTS LIM...	04644805	30.06.2016	N

Mortgage Details

Mortgage Type:	DEBENTURE
Date Charge Created:	07/11/11
Date Charge Registered:	09/11/11
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 CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY

Previous Director/Company Secretaries

Name	Current Active Appointments			Previous Appointments	Dissolved Companies
WESTCO DIRECTORS LTD	0			919	4431
WESTCO NOMINEES LIMITED	3			666	3732
Erman Iliman	0			1	0
Kevin Vincent	0			1	0
Total Persons With Significant Control		2	Total Statements			0
Active		2	Active			0
Ceased		0	Ceased			0

Active Persons With Significant Control

Name	Mr Scott Macdermid Acma	Kind	Individual Person With Significant Control
Address	17-19 The Broadway, New Haw, Addlestone, Surrey	Country Of Residence	England
Post Code	KT15 3EU	Nationality	British
Date of Birth	04/1970	Notified On	06/04/2016
Nature Of Control	Ownership Of Shares 25 To 50 Percent,Voting Rights 25 To 50 Percent
Name	Mr William John Macdermid	Kind	Individual Person With Significant Control
Address	17-19 The Broadway, New Haw, Addlestone, Surrey	Country Of Residence	England
Post Code	KT15 3EU	Nationality	British
Date of Birth	10/1966	Notified On	06/04/2016
Nature Of Control	Ownership Of Shares 25 To 50 Percent,Voting Rights 25 To 50 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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 64.99
UK Pound	1	INR 89.91
Euro	1	INR 80.21
GBP	1	INR 90.25

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

INFORMATION DETAILS

Analysis Done by :	VAR

Report Prepared by :	TPT

RATING EXPLANATIONS

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

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

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

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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

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