MIRA INFORM REPORT

Report No. :	501129
Report Date :	04.05.2018

IDENTIFICATION DETAILS

Name :	ITW LIMITED
Registered Office :	Nexus House Station Road, Egham, Surrey, TW20 9LB
Country :	United Kingdom
Financials (as on) :	31.12.2017
Date of Incorporation :	06.01.1956
Com. Reg. No.:	00559693
Legal Form :	Private Limited with Share Capital
Line of Business :	· Manufacture of other chemical products n.e.c. · Designs and manufactures an array of highly engineered fasteners and components, equipment, consumable systems and a variety of special products and equipment.
No. of Employees :	2322 [2017]

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	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 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

Nexus House Station Road
Egham
Surrey
TW20 9LB

Trading Address

Nexus House Station Road
Egham
Surrey
TW20 9LB

Website Address http://www.averyberkel.com

Company Number 00559693

Telephone Number 01252893300

Fax Number -

TPS No

FPS Yes

Incorporation Date 06/01/1956

Previous Name -

Type Private Limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 31/03/2018

Currency GBP

Share Capital £491,788

SIC07 20590

Charity Number -

SIC07 Description Manufacture of other chemical products n.e.c.

Principal Activity Designs and manufactures an array of highly engineered fasteners and

components, equipment, consumable systems and a variety of special products and equipment.

Additional Information

CCJ's 1 (£244)

17/10/2016 COUNTY COURT MONEY CLAIMS CENTRE £244 Satisfied

- - - -

- - - -

Ultimate Holding Company -

Accountant -

Mortgages 1

Trade Debtors -

Group 59 companies

Linkages 421 companies

Countries In 20 countries

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder	Funds Employees
31.12.2017	£847,972,000	£121,883,000	£1,521,196,000	2322
31.12.2016	£740,473,000	£67,906,000	£1,379,446,000	2373
31.12.2015	£520,137,000	£49,862,000	£772,055,000	2578

Mortgage summary

Total Mortgage 1

Outstanding 0

Satisfied 1

Trade debtors / bad debt summary

Total Number of Documented Trade 2

Total Value of Documented Trade £3,356

Commentary

This company has been treated as a Large company.

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

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

This company's ratio of total liabilities to total assets indicates the presence of moderate 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 -	1	Total Value of Satisfied CCJs -	£244
Total Number of Writs -	-

Total Current Directors	3	Total Current Secretaries	2
Total Previous Directors / Company Secretaries	17	Total Person's With Significant Control	1

Current Directors

Title		Function	Director
Name	Ola Tricia Aramita Barreto-Morley	Nationality	British
Date of Birth	04/1972	Present Appointments	3
Latest Address	Woodhaven 8 Dawnay Close, Ascot, Berkshire	Appointment Date	30/09/2009
Post Code	SL5 7PQ
Title	Mr	Function	Director
Name	Giles Matthew Hudson	Nationality	British
Date of Birth	02/1972	Present Appointments	38
Latest Address	Nexus House Station Road, Egham, Surrey	Appointment Date	01/02/2003
Post Code	TW20 9LB

Title	Mr	Function	Director
Name	Stephen James Rowell	Nationality	British
Date of Birth	12/1967	Present Appointments	36
Latest Address	Nexus House Station Road, Egham, Surrey	Appointment Date	01/04/2016
Post Code	TW20 9LB

Current Company Secretary

Title	Mr	Function	Company Secretary
Name	Giles Matthew Hudson	Nationality	British
Date of Birth	02/1972	Present Appointments	179
Latest Address	Nexus House Station Road, Egham, Surrey	Appointment Date	21/09/2004
Post Code	TW20 9LB
Title	Mr	Function	Company Secretary
Name	Ryan Ronald Dale	Nationality
Date of Birth	-	Present Appointments	1
Latest Address	Nexus House Station Road, Egham, Surrey	Appointment Date	18/12/2017
Post Code	TW20 9LB

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
BERRINGTON UK LTD	GBP	491,788	ORDINARY	1	100

Profit & Loss

	Date Of Accounts	31/12/17	(%)	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
	Turnover	£847,972,000	14.5%	£740,473,000	42.4%	£520,137,000	-2.6%	£534,205,000	0%	£534,268,000
	Export	£514,713,000	24.6%	£413,188,000	115.6%	£191,603,000	-	-	-	£200,627,000
	Cost of Sales	£530,412,000	10.3%	£480,896,000	46%	£329,326,000	-3%	£339,355,000	-3.4%	£351,382,000
	Gross Profit	£317,560,000	22.3%	£259,577,000	36%	£190,811,000	-2.1%	£194,850,000	6.5%	£182,886,000
	Wages & Salaries	£110,394,000	2.8%	£107,377,000	-4.9%	£112,937,000	1.8%	£110,925,000	-4.1%	£115,616,000
	Directors Emoluments	£1,063,000	35.8%	£783,000	-6%	£833,000	-21.3%	£1,058,000	87.3%	£565,000
	Operating Profit	£156,679,000	37.3%	£114,097,000	405.6%	-£37,340,000	-473.2%	£10,006,000	854.8%	£1,048,000
	Depreciation	£6,478,000	-1.9%	£6,601,000	-3.2%	£6,818,000	-2%	£6,957,000	-9.5%	£7,691,000
	Audit Fees	£403,000	-1%	£407,000	3%	£395,000	3.9%	£380,000	-	£380,000
	Interest Payments	£38,462,000	-26.6%	£52,383,000	120.2%	£23,792,000	358.1%	£5,194,000	-71.5%	£18,236,000
	Pre Tax Profit	£121,883,000	79.5%	£67,906,000	36.2%	£49,862,000	102.8%	£24,590,000	15.9%	£21,211,000
	Taxation	-£13,088,000	-78.3%	-£7,342,000	33.5%	-£11,041,000	17.5%	-£13,378,000	-41%	-£9,488,000
	Profit After Tax	£108,795,000	79.6%	£60,564,000	56%	£38,821,000	246.2%	£11,212,000	-4.4%	£11,723,000
	Dividends Payable	-	-	-	-	-	-100%	£46,918,000	-	-
	Retained Profit	£108,795,000	79.6%	£60,564,000	56%	£38,821,000	208.7%	-£35,706,000	-404.6%	£11,723,000

Balance Sheet

	Date Of Accounts	31/12/17	(%)	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13
	Tangible Assets	£438,185,000	8.3%	£404,533,000	-7.3%	£436,535,000	-12.6%	£499,591,000	0.8%	£495,717,000
	Intangible Assets	£1,964,068,000	0%	£1,964,682,000	999.9%	£106,690,000	6.4%	£100,287,000	-0.3%	£100,597,000
	Total Fixed Assets	£2,402,253,000	1.4%	£2,369,215,000	336.1%	£543,225,000	-9.4%	£599,878,000	0.6%	£596,314,000
	Stock	£44,192,000	6.4%	£41,551,000	18.4%	£35,090,000	-20.4%	£44,093,000	-9.8%	£48,865,000
	Trade Debtors	£98,322,000	9.7%	£89,588,000	2.1%	£87,752,000	-7.6%	£95,014,000	6.2%	£89,443,000
	Cash	£121,821,000	-29.4%	£172,603,000	-75.7%	£709,382,000	26%	£562,902,000	999.9%	£18,124,000
	Other Debtors	£78,464,000	13.9%	£68,863,000	51.1%	£45,572,000	-1.3%	£46,188,000	-91.4%	£539,087,000
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£342,799,000	-8%	£372,605,000	-57.6%	£877,796,000	17.3%	£748,197,000	7.6%	£695,519,000
	Trade Creditors	£15,577,000	5.5%	£14,761,000	-13.6%	£17,086,000	-7.2%	£18,414,000	-4.5%	£19,284,000
	Bank Loans & Overdrafts	£10,000	-64.3%	£28,000	300%	£7,000	-	0	-	0
	Other Short Term Finance	£336,572,000	1.5%	£331,624,000	-36.5%	£521,883,000	6.4%	£490,304,000	13.3%	£432,583,000
	Miscellaneous Current Liabilities	£45,002,000	9.5%	£41,111,000	-16.7%	£49,351,000	-12.5%	£56,408,000	11.1%	£50,751,000
	Total Current Liabilities	£397,161,000	2.5%	£387,524,000	-34.1%	£588,327,000	4.1%	£565,126,000	12.4%	£502,618,000
	Bank Loans & Overdrafts and LTL	£826,705,000	-15.2%	£974,878,000	999.9%	£60,646,000	4.9%	£57,820,000	40.7%	£41,083,000
	Other Long Term Finance	£806,000,000	-16.1%	£960,518,000	999.9%	£40,000,000	-	0	-100%	£40,000,000
	Total Long Term Liabilities	£826,695,000	-15.2%	£974,850,000	999.9%	£60,639,000	4.9%	£57,820,000	40.7%	£41,083,000

Capital & Reserves

	Date Of Accounts	31/12/17	(%)	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13
	Called Up Share Capital	£492,000	-	£492,000	-	£492,000	-	£492,000	-	£492,000
	P & L Account Reserve	£697,366,000	25.5%	£555,462,000	6.2%	£523,193,000	9.9%	£476,164,000	408.9%	£93,561,000
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	£823,338,000	0%	£823,492,000	231.6%	£248,370,000	0%	£248,473,000	-62%	£654,079,000
	Shareholder Funds	£1,521,196,000	10.3%	£1,379,446,000	78.7%	£772,055,000	6.5%	£725,129,000	-3.1%	£748,132,000

Other Financial Items

	Date Of Accounts	31/12/17	(%)	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13
	Net Worth	-£442,872,000	24.3%	-£585,236,000	-188%	£665,365,000	6.5%	£624,842,000	-3.5%	£647,535,000
	Working Capital	-£54,362,000	-264.4%	-£14,919,000	-105.2%	£289,469,000	58.1%	£183,071,000	-5.1%	£192,901,000
	Total Assets	£2,745,052,000	0.1%	£2,741,820,000	92.9%	£1,421,021,000	5.4%	£1,348,075,000	4.4%	£1,291,833,000
	Total Liabilities	£1,223,856,000	-10.2%	£1,362,374,000	109.9%	£648,966,000	4.2%	£622,946,000	14.6%	£543,701,000
	Net Assets	£1,521,196,000	10.3%	£1,379,446,000	78.7%	£772,055,000	6.5%	£725,129,000	-3.1%	£748,132,000

Cash Flow

	Date Of Accounts	31/12/17	(%)	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13
	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	31/12/17	(%)	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13
	Contingent Liability	NO	-	NO	-	YES	-	NO	-	YES
	Capital Employed	£2,347,891,000	-0.3%	£2,354,296,000	182.7%	£832,694,000	6.4%	£782,949,000	-0.8%	£789,215,000
	Number of Employees	2322	-2.1%	2373	-8%	2578	-4.1%	2689	-11%	3021
	Accountants
	Auditors	DELOITTE LLP
	Auditor Comments	The audit report contains no adverse comments
	Bankers	NATIONAL WESTMINSTER BANK PLC
	Bank Branch Code

Ratios

	Date Of Accounts	31/12/17	31/12/16	31/12/15	31/12/14	31/12/13
	Pre-tax profit margin %	14.37	9.17	9.59	4.60	3.97
	Current ratio	0.86	0.96	1.49	1.32	1.38
	Sales/Net Working Capital	-15.60	-49.63	1.80	2.92	2.77
	Gearing %	54.30	70.70	7.90	8	5.50
	Equity in %	194.80	177.50	58.70	58.10	62.80
	Creditor Days	6.68	7.25	11.95	12.54	13.13
	Debtor Days	42.20	44.03	61.41	64.74	60.93
	Liquidity/Acid Test	0.75	0.85	1.43	1.24	1.28
	Return On Capital Employed %	5.19	2.88	5.98	3.14	2.68
	Return On Total Assets Employed %	4.44	2.47	3.50	1.82	1.64
	Current Debt Ratio	0.26	0.28	0.76	0.77	0.67
	Total Debt Ratio	0.80	0.98	0.84	0.85	0.72
	Stock Turnover Ratio %	5.21	5.61	6.74	8.25	9.14
	Return on Net Assets Employed %	8.01	4.92	6.45	3.39	2.83

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
15/04/2018	New Accounts Filed
15/04/2018	New Accounts Filed
28/12/2017	New Company Secretary Mr R.R. Dale appointed
14/11/2017	Payment Data Update Received
14/11/2017	Mr P.M. Deakin has left the board
18/10/2017	Confirmation Statement
13/06/2017	Payment Data Update Received
12/06/2017	New Accounts Filed
12/06/2017	New Accounts Filed
20/03/2017	Change in Reg.Office
20/03/2017	Change of Company Postcode
16/03/2017	Mr E. Ufland has left the board
09/11/2016	Annual Returns
22/06/2016	Payment Data Update Received
21/06/2016	New Accounts Filed

Previous Company Names

No Previous Names found

Writ Details

No writs found

Statistics

Group	59 companies
Linkages	421 companies
Countries	In 20 countries

Summary

Holding Company	BERRINGTON UK
Ownership Status	Wholly Owned
Ultimate Holding Company	ILLINOIS TOOL WORKS INC

Group StructureFull

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
ILLINOIS TOOL WORKS INC		-	-
CS (AUSTRALASIA) LTD	N/A	-	-
NSC EUROPE LIMITED	04554866	31.12.2016	N
WEIGH-TRONIX UK LI...	03943960	31.12.2016	N	£538,000
AVERY WEIGH-TRONI...	00042732	31.12.2017	N
AVERY WEIGH-TRO...	00595129	31.12.2017	N
AVERY BERKEL...	00082788	31.03.2003	N
AVERY WEIGH-T...	00535027	31.12.2017	N
BERKEL (IRELA...	IE022058	31.12.2016	N	€2,168,029
CS FINANCING II LLC	N/A	-	-
ITW HOLDINGS I LIMITED	09857022	31.12.2017	N
ITW HOLDINGS II LI...	09911750	31.12.2017	N
ITW HOLDINGS V LI...	09923003	31.12.2017	N
ITW HOLDINGS IV LI...	09911832	31.12.2017	N
ELRO (HOLDING) AG	CHE115756343	-	-
GAMKO HOLDING BV	N/A	-	-
INHOLD (UK) FINANCE LTD	N/A	-	-
ITW (EU) HOLDINGS LIMITED	N/A	-	-
ITW FINANCE DESIGNAT...	IE573179	31.12.2016	N
ITW AEP LLC	N/A	-	-
DORBYL U.K. (HOLDING...	03572930	31.12.2017	N
ITW BUILDING COMPONENT...		-	-
ALPINE AUTOMATION LI...	02938663	31.12.2017	N
ITW GLOBAL INVESTMENTS...	N/A	-	-
A V CO 1 LIMITED	05851883	31.12.2016	N
A V CO 2 LIMITED	05851884	31.12.2017	N
A V CO 3 LIMITED	05851993	31.12.2017	N
AVERY WEIGH-TRO...	04895923	31.12.2016	N
AVERY WEIGH-T...	04895930	31.12.2017	N
AVERY WEIGH-TRONIX...	24040723	31.12.2015	N
ITW GROUP FRANCE (LUXE...	N/A	-	-
ITW UK	03626885	31.12.2016	N
BERRINGTON UK	03179466	31.12.2016	N
ITW LIMITED	00559693	31.12.2017	N	£847,972,000
ITW PENSION FUN...	02698140	05.04.2017	N
ITW CS (UK) LTD	07073267	31.12.2016	N	£2,000
TEKSALECO LTD	SC399435	31.12.2017	N
TEKNEK (JAPAN...	SC201456	31.12.2017	N
TEKNEK (CHINA...	SC232995	31.12.2017	N
ITW INTERNATIONAL HOLD...	N/A	-	-
ITW LOMBARD HOLDINGS INC	N/A	-	-
LOMBARD PRESSINGS LI...	01104650	31.12.2016	N	£692,000
ITW PARTICIPATIONS S.À...	B85382	31.12.2016	N
ITW HOLDINGS UK	03281710	31.12.2016	N
ITW IRELAND HOLDINGS...	IE058915	31.12.2016	N
ITW IRELAND UNLIMI...	IE058156	31.12.2016	N
ITW UK FINANCE LIMITED	09903137	31.12.2017	N
ITW UK FINANCE BET...	10486851	31.12.2017	N
ITW UK FINANCE GA...	10508143	31.12.2017	N
ITW UK FINANCE DEL...	11101741	-	N
KIWIPLAN NZ UNLIMITED	N/A	-	-
M & C SPECIALTIES CO.		-	-
M & C SPECIALTIES (I...	IE265274	31.03.2015	N
ITW INVEST HOLDING GMBH	HRB 73538	-	-
DEVCON LIMITED	IE022317	31.12.2014	N
SWT HOLDINGS B.V.	33273321	31.12.2013	N
1 ITW INTERNATIONAL HO...	N/A	-	-
INSTRON HOLDINGS LIM...	00662120	31.12.2017	N
INSTRON INTERNATIO...	01379417	31.12.2016	N	£12,000

Other Linked Companies

Name	Number	Latest Key Financials	Turnover
ITW GROUP FRANCE (LUXEMBOURG) S.ÀR.L.	B149795	31.12.2013	€4,930,617
ITW ALPHA SÀRL	B103881	31.12.2012
CLAYAX ACQUISITION LUXEMBOURG 5 S.C.A.	B161838	31.12.2011
ITW CONSTRUCTION PRODUCTS APS	14395016	31.12.2016	654,078,000 KR
ITW BELGIUM SPRL	423163884	31.12.2016	€29,490,362
HORIS	378186787	31.12.2016	€85,596,894
SOCIETE DE PROSPECTION ET D'INVENTIONS TECHNIQUES SPIT	437181076	31.12.2016	€167,201,700
POLYREY	709806624	31.12.2016	€136,893,036
VALERON STRENGTH FILMS BVBA	471606179	31.12.2016	€26,652,547
I.T.W. DE FRANCE	728202417	31.12.2016	€81,706,543
ELECOPRECAST LIMITED	02480517	31.12.2016
AXA POWER APS	74218814	31.12.2017	414,688,793 KR
ITW CONSTRUCTION PRODUCTS AS	914780985	31.12.2016	111,262 KNOK
ITW SPRAYTEC	321995367	31.12.2016	€21,486,597
AVERY BERKEL FRANCE	499699239	31.12.2016	€15,716,854
EUROTEC S.R.L.	VR281824	31.12.2016	€80,652,231
COMPAGNIE HOBART SA	562077735	31.12.2016	€56,155,726
NOVADAN APS	63129216	31.12.2016
CEPSA ITALIA - S.P.A.	MI815732	31.12.2016	€38,736,541
NORDIC	315302307	31.12.2016	€13,064,887

Exact CCJ Details

Date	Court	Amount	Status	Case Number	Date Paid
17/10/2016	COUNTY COURT MONEY CLAIMS CENTRE	£244	Satisfied	C63YM235	25/07/2017

Possible CCJs Details

Possible CCJ matches show CCJs that may be matched to a company based on various criteria such as similar trading names or addresses. This data is provided for your information only as an aid to decision-making and does not affect a company’s rating.

There are no possible CCJ details

Mortgage Details

Mortgage Type:	RENT DEPOSIT DEED
Date Charge Created:	22/02/02
Date Charge Registered:	01/03/02
Date Charge Satisfied:	18/07/08
Status:	SATISFIED
Person(s) Entitled:	MEPC COPSE FARM LIMITED
Amount Secured:	£12,115 DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
Details:	THE RENT DEPOSIT AND THE DEPOSIT BALANCE SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

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	2	£3,356
Company Name		Amount	Statement Date
Lincolnshire Timber Frame Ltd		£1,793	04/04/2012
Science Workshops Limited		£1,563	05/08/2016

Previous Director/Company Secretaries

Name	Current Active Appointments			Previous Appointments	Dissolved Companies
Clive Michael Douglas Probert	2			16	167
Clive Michael Douglas Probert	2			16	167
Albert Edward Turnbull	0			3	15
Henry Richard Crowther	0			1	0
Peter Leslie Gillingham	0			5	3
James Carthage O Donnell	0			8	51
James Carthage O Donnell	0			8	51
Eugene Francis Murphy	0			2	4
William James Farrell	0			1	0
Thomas Arwyn Lewis	1			6	75
Gavin Udall	0			27	126
Gavin Udall	0			27	126
Allan Sutherland	0			8	7
Philip Matthew Deakin	0			39	65
Maryann Spiegel	2			3	0
Ola Tricia Aramita Barreto-Morley	0			27	55
Edward Ufland	2			24	4
Total Persons With Significant Control		1	Total Statements			0
Active		1	Active			0
Ceased		0	Ceased			0

Active Persons With Significant Control

Name	Berrington Uk	Kind	Corporate Entity With Significant Control
Address	5 Aldermanbury Square, 13th Floor, London	Notified On	06/04/2016
Post Code	EC2V 7HR	Legal Form	Private Unlimited Company
Authority	Companies Act 2006	Place Registered	Companies House
Country Registered	Uk	Registration Number	3179466
Nature Of Control	Ownership of shares - above 75%

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 66.61
UK Pound	1	INR 90.60
Euro	1	INR 79.85
GBP	1	INR 90.63

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

INFORMATION DETAILS

Analysis Done by :	PRA
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.