3decades

MIRA INFORM REPORT

Report No. :	497038
Report Date :	12.03.2018

IDENTIFICATION DETAILS

Name :	TENMAT LIMITED

Formerly Known As :	TRUE FORTUNE LIMITED

Registered Office :	Ashburton Road West Trafford Park Manchester M17 1TD

Country :	United Kingdom

Financials (as on) :	31.12.20416

Date of Incorporation :	01.04.1997

Com. Reg. No.:	03342498

Legal Form :	Private limited with Share Capital

Line of Business :	· Manufacture of other plastic products · The manufacture of high performance non-metallic engineering materials and components.

No. of Employees :	210 (2016)

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+	Low Risk	Business dealings permissible with low 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

(30.09.2017)

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

TENMAT LIMITED

ASHBURTON ROAD WEST TRAFFORD PARK MANCHESTER M17 1TD

Company No.

03342498

Company Status

Active - Accounts Filed

Company Summary

Registered Address ASHBURTON ROAD WEST
TRAFFORD PARK
MANCHESTER
M17 1TD

Trading Address Ashburton Road West
Trafford Park
Manchester
Lancashire
M17 1TD

Website Address http://www.tenmat.com

Telephone Number -

Fax Number

TPS -

FPS Yes

Incorporation Date 01/04/1997

Previous Name TRUE FORTUNE LIMITED

Type Private limited with Share Capital

FTSE Index -

Date of Change 06/08/1997

Filing Date of Accounts 20/06/2017

Currency GBP

Share Capital £1

SIC07 22290

Charity Number -

SIC07 Description MANUFACTURE OF OTHER PLASTIC PRODUCTS

Principal Activity The manufacture of high performance non-metallic engineering materials and components.

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company DIAMORPH AB (PUBL)

Accountant -

Mortgages 13

Group 6 companies

Linkages 8 companies

Countries In 5 countries

Key Financials

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

31/12/2016 £26,815,000 £9,605,000 £42,068,000 210

31/12/2015 £25,639,000 £10,049,000 £37,311,000 203

31/12/2014 £26,136,000 £9,299,000 £27,187,000 198

Mortgage Summary

Total Mortgage 13

Outstanding 0

Satisfied 13

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 0

Total Value of Documented Trade £0

Commentary

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

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

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

The company has more cash than short term bank borrowings.

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

CCJ

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

Total Current Directors	3	Total Current Secretaries	0
Total Previous Directors / Company Secretaries	10	Total Person's With Significant Control	1

Current Directors

Title	Mr	Function	Director
Name	Mark Andrew Hutchison	Nationality	British
Date of Birth	09/1970	Present Appointments	5
Latest Address	Ashburton Road West, Trafford Park, Manchester	Appointment Date	26/01/2015
Post Code	M17 1TD
Title	Mr	Function	Director
Name	Gordon MacLeman	Nationality	British
Date of Birth	01/1963	Present Appointments	5
Latest Address	Ashburton Road West, Trafford Park, Manchester	Appointment Date	26/01/2015
Post Code	M17 1TD

Title	Mr	Function	Director
Name	Kapil Chopra	Nationality	British
Date of Birth	04/1981	Present Appointments	2
Latest Address	Ashburton Road West, Trafford Park, Manchester	Appointment Date	25/02/2015
Post Code	M17 1TD

Current Company Secretary

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
MODULAR STOCK LTD	GBP	1	ORDINARY	1	100

Profit & Loss

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	74
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Turnover	£26,815,000	4.6%	£25,639,000	-1.9%	£26,136,000	4.9%	£24,913,000	-32.8%	£37,051,000
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Export	£19,527,000	9.3%	£17,868,000	-5.3%	£18,874,000	-1.6%	£19,177,000	-32.2%	£28,285,000
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Cost of Sales	£12,148,000	4%	£11,682,000	-1.2%	£11,827,000	3.2%	£11,455,000	-32.5%	£16,966,000
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Gross Profit	£14,667,000	5.1%	£13,957,000	-2.5%	£14,309,000	6.3%	£13,458,000	-33%	£20,085,000
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Wages & Salaries	£7,183,000	5.7%	£6,793,000	11.7%	£6,082,000	-2.8%	£6,255,000	-27.8%	£8,666,000
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Directors Emoluments	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Operating Profit	£9,578,000	-5.1%	£10,098,000	9.7%	£9,207,000	13.8%	£8,089,000	-46.2%	£15,022,000
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Depreciation	£397,000	7.9%	£368,000	6.1%	£347,000	6.4%	£326,000	-30.8%	£471,000
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Audit Fees	£47,000	6.8%	£44,000	41.9%	£31,000	-16.2%	£37,000	-5.1%	£39,000
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Interest Payments	£1,056,000	0.2%	£1,054,000	-8.2%	£1,148,000	10.3%	£1,041,000	-29.5%	£1,476,000
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Pre Tax Profit	£9,605,000	-4.4%	£10,049,000	8.1%	£9,299,000	14.6%	£8,112,000	-42.8%	£14,182,000
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Taxation	-£1,713,000	-35.6%	-£1,263,000	-794%	£182,000	388.9%	-£63,000	97%	-£2,104,000
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Profit After Tax	£7,892,000	-10.2%	£8,786,000	-7.3%	£9,481,000	17.8%	£8,049,000	-33.4%	£12,078,000
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-100%	£7,080,000
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Retained Profit	£7,892,000	-10.2%	£8,786,000	-7.3%	£9,481,000	17.8%	£8,049,000	61%	£4,998,000

Balance Sheet

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Tangible Assets	£4,664,000	6.8%	£4,369,000	22.1%	£3,579,000	-38.3%	£5,805,000	50.9%	£3,846,000
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Intangible Assets	£1,689,000	-	£1,689,000	-	£1,689,000	-	£1,689,000	-	£1,689,000
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Total Fixed Assets	£6,353,000	4.9%	£6,058,000	15%	£5,268,000	-29.7%	£7,494,000	35.4%	£5,535,000
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Stock	£1,890,000	10.9%	£1,705,000	6.8%	£1,597,000	-3.2%	£1,649,000	-5%	£1,735,000
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Trade Debtors	£4,044,000	27.5%	£3,171,000	-13.6%	£3,669,000	6.8%	£3,436,000	-4.1%	£3,582,000
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Cash	£2,540,000	5.1%	£2,417,000	-2.9%	£2,488,000	107.7%	£1,198,000	-7.1%	£1,289,000
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Other Debtors	£35,060,000	22.5%	£28,632,000	26.8%	£22,589,000	85.5%	£12,177,000	374%	£2,569,000
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Total Current Assets	£43,534,000	21.2%	£35,925,000	18.4%	£30,343,000	64.4%	£18,460,000	101.2%	£9,175,000
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Trade Creditors	£1,940,000	11.4%	£1,741,000	26.7%	£1,374,000	8.1%	£1,271,000	-3.6%	£1,319,000
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Other Short Term Finance	£1,160,000	-24.1%	£1,529,000	-59.2%	£3,745,000	307.5%	£919,000	-5.6%	£974,000
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Miscellaneous Current Liabilities	£1,541,000	39.3%	£1,106,000	-40.7%	£1,865,000	-27.5%	£2,573,000	163.9%	£975,000
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Total Current Liabilities	£4,641,000	6.1%	£4,376,000	-37.3%	£6,984,000	46.6%	£4,763,000	45.7%	£3,268,000
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	£3,178,000	973.6%	£296,000	-79.4%	£1,440,000	204.4%	£473,000	-2.7%	£486,000
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Total Long Term Liabilities	£3,178,000	973.6%	£296,000	-79.4%	£1,440,000	204.4%	£473,000	-2.7%	£486,000

Capital & Reserves

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Called Up Share Capital	-	-	-	-	-	-100%	£1,000	-	£1,000
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	P & L Account Reserve	£42,068,000	12.7%	£37,311,000	37.2%	£27,187,000	31.2%	£20,717,000	89.1%	£10,955,000
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Sundry Reserves	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Shareholder Funds	£42,068,000	12.7%	£37,311,000	37.2%	£27,187,000	31.2%	£20,718,000	89.1%	£10,956,000

Other Financial Items

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Net Worth	£40,379,000	13.4%	£35,622,000	39.7%	£25,498,000	34%	£19,029,000	105.3%	£9,267,000
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Working Capital	£38,893,000	23.3%	£31,549,000	35.1%	£23,359,000	70.5%	£13,697,000	131.9%	£5,907,000
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Total Assets	£49,887,000	18.8%	£41,983,000	17.9%	£35,611,000	37.2%	£25,954,000	76.4%	£14,710,000
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Total Liabilities	£7,819,000	67.4%	£4,672,000	-44.5%	£8,424,000	60.9%	£5,236,000	39.5%	£3,754,000
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Net Assets	£42,068,000	12.7%	£37,311,000	37.2%	£27,187,000	31.2%	£20,718,000	89.1%	£10,956,000

Miscellaneous

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Capital Employed	£45,246,000	20.3%	£37,607,000	31.4%	£28,627,000	35.1%	£21,191,000	85.2%	£11,442,000
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Number of Employees	210	3.4%	203	2.5%	198	-1.5%	201	-1.5%	204
	Accountants
	Auditors	ERNST & YOUNG LLP
	Auditor Comments	The audit report contains no adverse comments
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	31/12/16	31/12/15	31/12/14	31/12/13	31/12/12
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Pre-tax profit margin %	35.82	39.19	35.58	32.56	38.28
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Current ratio	9.38	8.21	4.34	3.88	2.81
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Sales/Net Working Capital	0.69	0.81	1.12	1.82	6.27
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Gearing %	7.60	0.80	5.30	2.30	4.40
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Equity in %	87.30	92.60	80.10	85.40	84.10
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Creditor Days	26.33	24.71	19.13	18.57	18.44
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Debtor Days	54.89	45.01	51.09	50.20	50.07
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Liquidity/Acid Test	8.97	7.81	4.11	3.52	2.27
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Return On Capital Employed %	21.22	26.72	32.48	38.28	123.94
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Return On Total Assets Employed %	19.25	23.93	26.11	31.25	96.41
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Current Debt Ratio	0.11	0.11	0.25	0.22	0.29
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Total Debt Ratio	0.18	0.12	0.30	0.25	0.34
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Stock Turnover Ratio %	7.04	6.65	6.11	6.61	4.68
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\barchart-grey.png$	Return on Net Assets Employed %	22.83	26.93	34.20	39.15	129.44

Report Notes

There are no notes to display.

Status History

No Status History found

*Event History

Date	Description
08/03/2018	Payment Data Update Received
13/02/2018	Payment Data Update Received
07/02/2018	Payment Data Update Received
13/01/2018	Payment Data Update Received
28/06/2017	New Accounts Filed
19/04/2017	Confirmation Statement
30/12/2016	Payment Data Update Received
20/12/2016	Payment Data Update Received
15/10/2016	New Accounts Filed
15/10/2016	New Accounts Filed
09/04/2016	Annual Returns
07/04/2016	Change in Reg.Office
18/03/2016	Payment Data Update Received
04/03/2016	Payment Data Update Received
26/01/2016	Payment Data Update Received

Previous Company Names

Date	Previous Name
06/08/1997	TRUE FORTUNE LIMITED

Writ Details

No writs found

Statistics

Group	6 companies
Linkages	8 companies
Countries	In 5 countries

Summary

Holding Company	MODULAR STOCK LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	DIAMORPH AB (PUBL)

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\tminus.gif$ DIAMORPH AB (PUBL)	5566475371	31.12.2016	Y	2,000 KSEK
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\tminus.gif$ DIAMORPH UK LIMITED	08071521	31.12.2016	N
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\tminus.gif$ MODULAR STOCK LIMITED	03342312	31.12.2016	N
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\T.gif$ TENMAT OVERSEAS LI...	03342311	31.12.2016	N
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\tminus.gif$ TENMAT LIMITED	03342498	31.12.2016	N	£26,815,000
$Description: \\Vivek-pc\123 Foreign Report Raw\2\TENMAT LTD_files\L.gif$ RAILKO LIMITED	05773671	31.12.2016	N	£933,000

Mortgage Details

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	25/03/10
Date Charge Registered:	30/03/10
Date Charge Satisfied:	16/06/12
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:
Details:	F/H PROPERTY K/A LAND AND BUILDINGS LYING TO THE SOUTH SIDE OF ASHBURTON ROAD WEST TRAFFORD MANCHESTER T/NO\S GM758726,GM755290, GM759087, MAN17235
Mortgage Type:	GUARANTEE & DEBENTURE
Date Charge Created:	18/04/06
Date Charge Registered:	25/04/06
Date Charge Satisfied:	30/03/10
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE OTHERCOMPANIES NAMED THEREIN 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
Date Charge Created:	30/06/05
Date Charge Registered:	05/07/05
Date Charge Satisfied:	30/03/10
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	£285,000 AND ALL OTHER MONIES DUE OR TOBECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	2 VACUUM IMPREGNATION VESSELS WITH BUSCH TYPE RA 0250C VACUUM PUMP S/N 31121 AND ASSOCIATED PIPING &VALVES, MIXING TANK WITH AGITATOR, MANUAL INPREGNATION LINE FOR DETAILS OF FURTHER GOODS CHARGED PLEASE REFER TO THE FORM 395 TOGETHER WITH ALL ACCESSORIES AND COMPONENT PARTS AND ALL IMPROVEMENTS AND RENEWALS THEREOFSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	LEGAL CHARGE
Date Charge Created:	15/03/99
Date Charge Registered:	26/03/99
Date Charge Satisfied:	30/03/10
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY AND/OR MODULAR STOCK LIMITED TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	BOWDON HOUSE ASHBURTON ROAD WEST TRAFFORD PARK GREATER MANCHESTER T/N GM755290

Mortgage Type:	LEGAL CHARGE (SUPPLEMENTAL TO A COMPOSITE GUARANTEE AND DEBENTURE DATED 4TH AUGUST 1997)
Date Charge Created:	22/12/98
Date Charge Registered:	07/01/99
Date Charge Satisfied:	24/03/10
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER ORPURSUANT TO THE FACILITY AGREEMENT (AS DEFINED) AND/OR THE GUARANTEE AND DEBENTURE
Details:	L/H UNITS 22, 25 & 25A CRADLEY HEATH 1 FACTORY CENTRE WOODS LANE CRADLEY HEATH WEST MIDLANDS TOGETHER WITH ALL BUILDINGS AND FIXTURES (INCLUDING TRADE & TENANTS FIXTURES) AND ALL PLANT MACHINERY AND OTHER CHATTELS ATTACHED TO THE PROPERTY.BY WAY OF FLOATING CHARGE ALL UNATTACHED PLANT MACHINERY ANDOTHER CHATTELS
Mortgage Type:	LEGAL CHARGE PURSUANT TO THE TERMS OF ACOMPOSITE GUARANTEE AND DEBENTURE DATED4TH AUGUST 1997 AND
Date Charge Created:	25/06/98
Date Charge Registered:	25/06/98
Date Charge Satisfied:	24/03/10
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER OR PURSUANT TO THE FACILITY AGREEMENT AND/OR AS THE CASE MAY BE THE DEBENTURE
Details:	L/H PROPERTY K/A UNIT 5 SOMERS ROAD RUGBY WARWICKSHIRE T/NO WYK232638FIXED AND FLOATING CHARGES OVERTHE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY

Mortgage Type:	LEGAL CHARGE (MADE PURSUANT TO THE TERMS OF A COMPOSITE GUARANTEE AND DEBENTUREDATED 4 AUGUST 1997)
Date Charge Created:	19/11/97
Date Charge Registered:	20/11/97
Date Charge Satisfied:	24/03/10
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER ORPURSUANT TO THE FACILITY AGREEMENT (AS THEREIN DEFINED) AND/OR THE DEBENTURE
Details:	F/H LAND AT ASHBURTON ROAD WEST TRAFFORD PARK MANCHESTER WITH ALL BUILDINGS ANDFIXTURES (INCLUDING TRADE AND TENANT\S FIXTURES), FIXED CHARGE ALL PLANT AND MACHINERY AND OTHER CHATTELS, FLOATING CHARGE ALL UNATTACHED PLANT AND MACHINERY AND OTHER CHATTELSSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	LEGAL CHARGE
Date Charge Created:	04/08/97
Date Charge Registered:	06/08/97
Date Charge Satisfied:	24/03/10
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY (FORMERLY K/A TRUE FORTUNE LIMITED) TO THE CHARGEEUNDER OR PURSUANT TO THE FACILITY AGREEMENT (AS DEFINED THEREIN) AND/OR THE COMPOSITE GUARANTEE & DEBENTURE OF EVEN DATE HEREWITH
Details:	THE L/H PROPERTY K/A ASHBURTON ROAD WEST FRAFFORD PARK MANCHSTER TOGETHER WITH ALL BUILDINGS AND FIXTURES ALL PLANT MACHINERY AND OTHER CHATTTELS THEREONFLOATING CHARGE OVER ALL MOVEABLE PLANTMACHINERY IMPLEMENTS UTENSILS FURNITUREAND EQUIPMENT

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	04/08/97
Date Charge Registered:	06/08/97
Date Charge Satisfied:	24/03/10
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY (FORMERLY K/A TRUE FORTUNE LIMITED) TO THE CHARGEEUNDER OR PURSUANT TO THE FACILITY AGREEMENT (AS DEFINED THEREIN) AND/OR THE COMPOSITE GUARANTEE & DEBENTURE OF EVEN DATE HEREWITH
Details:	THE L/H PROPERTY K/A PART BOWDEN HOUSE ASHBURTON ROAD WEST TRAFFORD PARK MANCHESTER TOGETHER WITH ALL BUILDINGS AND FIXTURES ALL PLANT MACHINERY AND OTHER CHATTTELS THEREONFLOATING CHARGE OVER ALL MOVEABLE PLANTMACHINERY IMPLEMENTS UTENSILS FURNITUREAND EQUIPMENT
Mortgage Type:	LEGAL CHARGE
Date Charge Created:	04/08/97
Date Charge Registered:	06/08/97
Date Charge Satisfied:	24/03/10
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY (FORMERLY K/A TRUE FORTUNE LIMITED) TO THE CHARGEEUNDER OR PURSUANT TO THE FACILITY AGREEMENT (AS DEFINED THEREIN) AND/OR THE COMPOSITE GUARANTEE & DEBENTURE OF EVEN DATE HEREWITH
Details:	THE L/H PROPERTY K/A UNITS 22, 25, 25A CRADLEY HEATH 1 FACTORY CENTRE WOODS LANE CRADLEY HEATH WESTMIDLANDS TOGETHER WITH ALL BUILDINGS AND FIXTURES ALL PLANTMACHINERY AND OTHER CHATTTELS THEREONFLOATING CHARGE OVER ALL MOVEABLE PLANTMACHINERY IMPLEMENTS UTENSILS FURNITUREAND EQUIPMENT

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	04/08/97
Date Charge Registered:	06/08/97
Date Charge Satisfied:	24/03/10
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY (FORMERLY K/A TRUE FORTUNE LIMITED) TO THE CHARGEEUNDER OR PURSUANT TO THE FACILITY AGREEMENT (AS DEFINED THEREIN) AND/OR THE COMPOSITE GUARANTEE & DEBENTURE OF EVEN DATE HEREWITH
Details:	THE L/H PROPERTY K/A UNIT 5 SOMERS ROADRUGBY WARWICKSHIRE T/N WYK232638 TOGETHER WITH ALL BUILDINGSAND FIXTURES ALL PLANT MACHINERY AND OTHER CHATTTELS THEREONFLOATING CHARGE OVER ALL MOVEABLE PLANTMACHINERY IMPLEMENTS UTENSILS FURNITUREAND EQUIPMENT
Mortgage Type:	LEGAL CHARGE
Date Charge Created:	04/08/97
Date Charge Registered:	06/08/97
Date Charge Satisfied:	24/03/10
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY (FORMERLY K/A TRUE FORTUNE LIMITED) TO THE CHARGEEUNDER OR PURSUANT TO THE FACILITY AGREEMENT (AS DEFINED THEREIN) AND/OR THE COMPOSITE GUARANTEE & DEBENTURE OF EVEN DATE HEREWITH
Details:	THE F/H PROPERTY K/A LAND AT ASHBURTON ROAD WEST TRAFFORD PARK MANCHESTER TOGETHER WITH ALL BUILDINGS AND FIXTURES ALL PLANT MACHINERY AND OTHER CHATTTELS THEREONFLOATING CHARGE OVER ALL MOVEABLE PLANTMACHINERY IMPLEMENTS UTENSILS FURNITUREAND EQUIPMENT

Mortgage Type:	COMPOSITE GUARANTEE & DEBENTURE
Date Charge Created:	04/08/97
Date Charge Registered:	06/08/97
Date Charge Satisfied:	24/03/10
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY (FORMERLY K/A TRUE FORTUNE LIMITED) AND/OR ALL OR ANY OF THE OTHER COMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER OR PURSUANT TO THE FACILITY AGREEMENT (AS DEFINED THEREIN) AND/OR THE DEBENTURE
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 MORTGAGECHARGE DOCUMENT FOR FULL DETAILS

Previous Director/Company Secretaries

Name	Current Active Appointments			Previous Appointments	Dissolved Companies
Anthony Patrick Moore	1			10	4
Anthony Patrick Moore	1			10	4
Frank Joseph Hopkins	0			9	2
Frank Joseph Hopkins	0			9	2
John Edward Kerwin	0			1	0
John Norman Porter	0			2	0
YORK PLACE COMPANY NOMINEES LIMITED	2			9506	23136
YORK PLACE COMPANY SECRETARIES LIMITED	15			9537	22760
Christopher Edward Lawrence	0			1	0
Fredrik Aitor Svedberg	0			3	0
Total Persons With Significant Control		1	Total Statements			0
Active		1	Active			0
Ceased		0	Ceased			0

Active Persons With Significant Control

Name	Modular Stock Limited	Kind	Corporate Entity With Significant Control
Address	C/O Tenmat Limited Ashburton Road West, Trafford Park, Manchester	Notified On	06/04/2016
Post Code	M17 1TD	Legal Form	Limited Liability Company
Authority	Companies Acts	Place Registered	Companies House
Country Registered	United Kingdom	Registration Number	03342312
Nature Of Control	Ownership Of Shares 75 To 100 Percent,Voting Rights 75 To 100 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 65.08
UK Pound	1	INR 89.85
Euro	1	INR 80.16
GBP	1	INR 90.10

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

INFORMATION DETAILS

Analysis Done by :	NIY

Report Prepared by :	TRU

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.

Name	Number	Latest Key Financials	Turnover
DIAMORPH BEARINGS AB	5566670989	31.12.2016
SLUTPLATTAN JOTRA 98823 AB	5568482433	31.12.2016
DIAMORPH SERVICES AB	5568993082	31.12.2016
GOLDENHEIGHTS LIMITED	01920836	-
KHP MARKETING GMBH IN LIQUIDATION	4002859	-
HOB CERTEC SPOL SRO		-
TENMAT HOLDINGS INC		-
TENMAT INC		-