3decades

MIRA INFORM REPORT

Report No. :	497563
Report Date :	14.03.2018

IDENTIFICATION DETAILS

Name :	INTERNATIONAL FOREST PRODUCTS (UK) LTD

Formerly Known As :	GLOWPARK LIMITED

Registered Office :	Belmont House Station Way Crawley West Sussex RH10 1JA

Country :	United Kingdom

Date of Incorporation :	14.06.2005

Com. Reg. No.:	05479979

Legal Form :	Private limited with Share Capital

Line of Business :	Non-trading company [We tried to confirm / obtain the detailed activity but the same is not available from any sources]

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
C	Medium High Risk	Business dealings permissible preferably on secured basis

Status :	Non trading

Payment Behaviour :	--

Litigation :	--

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

INTERNATIONAL FOREST PRODUCTS (UK) LTD

BELMONT HOUSE STATION WAY CRAWLEY WEST SUSSEX RH10 1JA

Company No.

05479979

Company Status

Non trading

Company Summary

Registered Address BELMONT HOUSE STATION WAY
CRAWLEY
WEST SUSSEX
RH10 1JA

Trading Address Belmont House
Station Way
Crawley
West Sussex
RH10 1JA

Website Address http://www.ifpcorp.com

Telephone Number 01293618414

Fax Number

TPS No

FPS Yes

Incorporation Date 14/06/2005

Previous Name GLOWPARK LIMITED

Type Private limited with Share Capital

FTSE Index -

Date of Change 22/06/2005

Filing Date of Accounts 31/08/2017

Currency GBP

Share Capital £1

SIC07 74990

Charity Number -

SIC07 Description NON-TRADING COMPANY

Principal Activity The company was dormant during y/e 31.12.16.

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company IFP BUSINESS TRUST

Accountant REYNOLDS & CO

Mortgages 0

Group 3 companies

Linkages 9 companies

Countries In 1 countries

Key Financials

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

31/12/2016 - - - -

31/12/2015 - - - -

31/12/2014 - - - -

Mortgage Summary

Total Mortgage 0

Outstanding 0

Satisfied 0

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 0

Total Value of Documented Trade £0

Commentary

No comments to display

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	3	Total Person's With Significant Control	1

Current Directors

Title	Mr	Function	Director
Name	Jonathan Garnett Heywood	Nationality	British
Date of Birth	05/1956	Present Appointments	2
Latest Address	Belmont House Station Way, Crawley, West Sussex	Appointment Date	22/06/2005
Post Code	RH10 1JA
Title	Mr	Function	Director
Name	Daniel Adam Kraft	Nationality	American
Date of Birth	04/1965	Present Appointments	2
Latest Address	66 Montrose Street, Newton, Massachusetts	Appointment Date	22/06/2005
Post Code	02458

Current Company Secretary

Title		Function	Company Secretary
Name	IRWIN MITCHELL SECRETARIES LIMITED	Nationality	British
Date of Birth	-	Present Appointments	293
Latest Address	Riverside East, 2 Millsands, Sheffield	Appointment Date	16/04/2008
Post Code	S3 8DT

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
I.F.P. FOREST & PAPER PRODUCTS (UK) LTD	GBP	1	ORDINARY	1	100

Balance Sheet

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
$Description: \\Vivek-pc\123 Foreign Report Raw\INTERNATIONAL FOREST PRODUCTS (UK)_files\barchart-grey.png$	Tangible Assets	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\INTERNATIONAL FOREST PRODUCTS (UK)_files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\INTERNATIONAL FOREST PRODUCTS (UK)_files\barchart-grey.png$	Total Fixed Assets	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\INTERNATIONAL FOREST PRODUCTS (UK)_files\barchart-grey.png$	Stock	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\INTERNATIONAL FOREST PRODUCTS (UK)_files\barchart-grey.png$	Trade Debtors	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\INTERNATIONAL FOREST PRODUCTS (UK)_files\barchart-grey.png$	Cash	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\INTERNATIONAL FOREST PRODUCTS (UK)_files\barchart-grey.png$	Other Debtors	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\INTERNATIONAL FOREST PRODUCTS (UK)_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\INTERNATIONAL FOREST PRODUCTS (UK)_files\barchart-grey.png$	Total Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\INTERNATIONAL FOREST PRODUCTS (UK)_files\barchart-grey.png$	Trade Creditors	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\INTERNATIONAL FOREST PRODUCTS (UK)_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\INTERNATIONAL FOREST PRODUCTS (UK)_files\barchart-grey.png$	Other Short Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\INTERNATIONAL FOREST PRODUCTS (UK)_files\barchart-grey.png$	Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\INTERNATIONAL FOREST PRODUCTS (UK)_files\barchart-grey.png$	Total Current Liabilities	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\INTERNATIONAL FOREST PRODUCTS (UK)_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\INTERNATIONAL FOREST PRODUCTS (UK)_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\INTERNATIONAL FOREST PRODUCTS (UK)_files\barchart-grey.png$	Total Long Term Liabilities	0	-	0	-	0	-	0	-	0

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
$Description: \\Vivek-pc\123 Foreign Report Raw\INTERNATIONAL FOREST PRODUCTS (UK)_files\barchart-grey.png$	Capital Employed	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\INTERNATIONAL FOREST PRODUCTS (UK)_files\barchart-grey.png$	Number of Employees	-	-	-	-	-	-	-	-	-
	Accountants	REYNOLDS & CO
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	31/12/16	31/12/15	31/12/14	31/12/13	31/12/12
$Description: \\Vivek-pc\123 Foreign Report Raw\INTERNATIONAL FOREST PRODUCTS (UK)_files\barchart-grey.png$	Pre-tax profit margin %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\INTERNATIONAL FOREST PRODUCTS (UK)_files\barchart-grey.png$	Current ratio	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\INTERNATIONAL FOREST PRODUCTS (UK)_files\barchart-grey.png$	Sales/Net Working Capital	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\INTERNATIONAL FOREST PRODUCTS (UK)_files\barchart-grey.png$	Gearing %	0	0	0	0	0
$Description: \\Vivek-pc\123 Foreign Report Raw\INTERNATIONAL FOREST PRODUCTS (UK)_files\barchart-grey.png$	Equity in %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\INTERNATIONAL FOREST PRODUCTS (UK)_files\barchart-grey.png$	Creditor Days	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\INTERNATIONAL FOREST PRODUCTS (UK)_files\barchart-grey.png$	Debtor Days	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\INTERNATIONAL FOREST PRODUCTS (UK)_files\barchart-grey.png$	Liquidity/Acid Test	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\INTERNATIONAL FOREST PRODUCTS (UK)_files\barchart-grey.png$	Return On Capital Employed %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\INTERNATIONAL FOREST PRODUCTS (UK)_files\barchart-grey.png$	Return On Total Assets Employed %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\INTERNATIONAL FOREST PRODUCTS (UK)_files\barchart-grey.png$	Current Debt Ratio	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\INTERNATIONAL FOREST PRODUCTS (UK)_files\barchart-grey.png$	Total Debt Ratio	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\INTERNATIONAL FOREST PRODUCTS (UK)_files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\INTERNATIONAL FOREST PRODUCTS (UK)_files\barchart-grey.png$	Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
08/09/2017	New Accounts Filed
10/06/2017	Confirmation Statement
05/10/2016	New Accounts Filed
21/06/2016	Annual Returns
29/09/2015	New Accounts Filed
24/06/2015	Annual Returns
27/09/2014	New Accounts Filed
23/07/2014	Annual Returns
18/09/2013	New Accounts Filed
05/07/2013	Annual Returns
02/04/2013	New Company Secretary THOMAS EGGAR SECRETARIES LIMITED appointed
14/12/2012	Change in Reg.Office
14/12/2012	Change of Company Postcode
24/09/2012	New Accounts Filed
26/06/2012	Annual Returns

Previous Company Names

Date	Previous Name
22/06/2005	GLOWPARK LIMITED

Writ Details

No writs found

Statistics

Group	3 companies
Linkages	9 companies
Countries	In 1 countries

Summary

Holding Company	I.F.P. FOREST AND PAPER PRODUCTS (UK) LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	IFP BUSINESS TRUST

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
$Description: \\Vivek-pc\123 Foreign Report Raw\INTERNATIONAL FOREST PRODUCTS (UK)_files\tminus.gif$ IFP BUSINESS TRUST		-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\INTERNATIONAL FOREST PRODUCTS (UK)_files\tminus.gif$ I.F.P. FOREST AND PAPE...	00743374	31.12.2016	N	£44,740,837
$Description: \\Vivek-pc\123 Foreign Report Raw\INTERNATIONAL FOREST PRODUCTS (UK)_files\L.gif$ INTERNATIONAL FOREST...	05479979	31.12.2016	N

Previous Director/Company Secretaries

Name	Current Active Appointments			Previous Appointments	Dissolved Companies
CLIFFORD CHANCE SECRETARIES LIMITED	1			1106	2668
David John Pudge	0			288	367
Adrian Joseph Morris Levy	10			758	813
Total Persons With Significant Control		1	Total Statements			0
Active		1	Active			0
Ceased		0	Ceased			0

Active Persons With Significant Control

Name	Ifp Forest & Paper Products (Uk) Limited	Kind	Corporate Entity With Significant Control
Address	Belmont House Station Way, Crawley	Notified On	06/04/2016
Post Code	RH10 1JA	Legal Form	Private Limited Company
Authority	Companies Act 2006	Place Registered	England & Wales
Country Registered	England & Wales	Registration Number	00743374
Nature Of Control	Ownership Of Shares 75 To 100 Percent,Voting Rights 75 To 100 Percent,Right To Appoint And Remove Directors

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 64.96
UK Pound	1	INR 90.23
Euro	1	INR 80.09
GBP	1	INR 90.84

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

INFORMATION DETAILS

Analysis Done by :	VAR

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.

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RAND-WHITNEY GROUP LLC		-	$69,900,000
INTERNATIONAL FOREST PRODUCTS CORP.		-	$50,000,000
RAND-WHITNEY CONTAINER LLC		-
RAND WHITNEY PACKAGING		-	$500,000
R-WHITNEY RETAIL LLC		-
RAND-WHITNEY CONTAINER NORTHEAST L.L.C.		-	$75,357,000