MIRA INFORM REPORT

Report No. :	501219
Report Date :	31.03.2018

IDENTIFICATION DETAILS

Name :	MICROCOMM UK LIMITED

Registered Office :	Lyons Building Millham Mountfield Robertsbridge Tn32 5ju

Country :	United Kingdom

Date of Incorporation :	13.09.2016

Com. Reg. No.:	10373112

Legal Form :	Private limited with Share Capital

Line of Business :	Manufacture of Electronic Measuring, Testing Etc. Equipment, Not For Industrial Process Control

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 :	Relatively new business

Payment Behaviour :	Unknown

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

Company Name: MICROCOMM UK LIMITED

Company No: 10373112

Registered Address: LYONS BUILDING MILLHAM MOUNTFIELD ROBERTSBRIDGE TN32 5JU

Company Summary

Registered Address LYONS BUILDING MILLHAM
MOUNTFIELD
ROBERTSBRIDGE
TN32 5JU

Trading Address Lyons Building Millham
Mountfield
Robertsbridge
East Sussex TN32 5JU
TN32 5JU

Website Address -

Telephone Number -

Fax Number

TPS -

FPS Yes

Incorporation Date 13/09/2016

Previous Name

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts -

Currency GBP

Share Capital £100

SIC07 26511

Charity Number -

SIC07 Description MANUFACTURE OF ELECTRONIC MEASURING, TESTING ETC.

EQUIPMENT, NOT FOR INDUSTRIAL PROCESS CONTROL

Principal Activity

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company -

Accountant -

Mortgages 0

Group 0 companies

Linkages 0 companies

Countries ` In 0 countries

Key Financials

No Key Financials Information To Display

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

This company has been treated as a New company in respect of the rating/limit generated.
This company has not yet filed financial statements and is aged 13-18 months.
This company is based in a geographical area with a moderate level of corporate failures.
This company does not have any registered mortgage charges.
There have been no director resignations in the last 6 months.

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	0
Total Previous Directors / Company Secretaries	1	Total Person's With Significant Control	2

Current Directors

Title	Dr	Function	Director
Name	David Rees	Nationality	British
Date of Birth	07/1942	Present Appointments	1
Latest Address	Lyons Building Millham Mountfield, Robertsbridge, East Sussex	Appointment Date	13/09/2016
Post Code	TN32 5JU
Title	Ms	Function	Director
Name	Patricia Tomkins	Nationality	British
Date of Birth	02/1954	Present Appointments	1
Latest Address	Lyons Building Millham Mountfield, Robertsbridge, East Sussex	Appointment Date	07/03/2018
Post Code	TN32 5JU

Current Company Secretary

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
DAVID REES	GBP	100	ORDINARY	1	100
1

Event History View Documents

Date	Description
09/03/2018	New Board Member Ms P. Tomkins appointed
14/09/2017	Change in Reg.Office
14/09/2017	Change of Company Postcode
24/08/2017	Confirmation Statement
22/08/2017	Change in Reg.Office
22/08/2017	Change of Company Postcode
22/08/2017	A. Sood has left the board
15/09/2016	New Board Member A. Sood appointed
15/09/2016	New Board Member Dr D. Rees appointed

Previous Company Names

No Previous Names found

Writ Details

No writs found

Limit History Graph

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group Structure Full

No Group Structure

Statistics

Group	0 companies
Linkages	0 companies
Countries	In 0 countries

Previous Director/Company Secretaries

Name	Current Active Appointments	Previous Appointments	Dissolved Companies
Akarsh Sood	0	1	0
Total Persons With Significant Control	2	Total Statements	0
Active	1	Active	0
Ceased	1	Ceased	0

Active Persons With Significant Control

Name	Dr. David Rees	Kind	Individual Person With Significant Control
Address	Lyons Building Millham Mountfield, Robertsbridge, East Sussex	Country Of Residence	England
Post Code	TN32 5JU	Nationality	Uk
Date of Birth	07/1942	Notified On	07/08/2017
Nature Of Control	Ownership Of Shares 75 To 100 Percent,Right To Appoint And Remove Directors,Significant Influence Or Control As Firm

Ceased Persons With Significant Control

Name	Microcomm India Ltd	Kind	Corporate Entity With Significant Control
Address	B-3 Ansal Chambers-1 3 Bhikaji Cama Place, New Delhi	Notified On	13/09/2016
Post Code	110066	Ceased On	07/08/2017
Authority	Limited Company	Legal Form	Limited Company Act
Country Registered	-	Place Registered	-
Nature Of Control	Ownership Of Shares 75 To 100 Percent,Ownership Of Shares 75 To 100 Percent As Firm,Voting Rights 75 To 100 Percent,Voting Rights 75 To 100 Percent As Firm,Right To Appoint And Remove Directors,Right To Appoint And Remove Directors As Firm,Significant Influence Or Control,Significant Influence Or Control As Firm	Registration Number	-

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 65.04
UK Pound	1	INR 92.28
Euro	1	INR 80.62
GBP	1	INR 91.22

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

INFORMATION DETAILS

Analysis Done by :	VIV

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.