MIRA INFORM REPORT

Report No. :	507590
Report Date :	05.05.2018

IDENTIFICATION DETAILS

Name :	SAYWELL INTERNATIONAL LIMITED
Formerly Known As :	R.F. SAYWELL LIMITED
Registered Office :	Aviation Centre Downlands Business Park Worthing BN14 9LA
Country :	United Kingdom
Financials (as on) :	31.08.2016
Date of Incorporation :	06.03.1957
Com. Reg. No.:	00579488
Legal Form :	Private limited with Share Capital
Line of Business :	Service Activities Incidental To Air Transportation
No. of Employees :	76 (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	Acceptable Risk	Business dealings permissible with moderate 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 Name and address

SAYWELL INTERNATIONAL LIMITED

AVIATION CENTRE DOWNLANDS BUSINESS PARK WORTHING BN14 9LA

Company No

00579488

Company Status

Active - Accounts Filed

Company Summary

Registered Address AVIATION CENTRE
DOWNLANDS BUSINESS PARK
WORTHING
BN14 9LA

Trading Address Aviation Centre Unit A & D-I
Downland Business Park
Lyons Way
Worthing, West Sussex
BN14 9LA

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

Telephone Number 01903704900

Fax Number

TPS No

FPS Yes

Incorporation Date 06/03/1957

Previous Name R.F. SAYWELL LIMITED

Type Private limited with Share Capital

FTSE Index -

Date of Change 15/07/2002

Filing Date of Accounts 31/03/2017

Currency GBP

Share Capital £150

SIC07 52230

Charity Number -

SIC07 Description SERVICE ACTIVITIES INCIDENTAL TO AIR TRANSPORTATION

Principal Activity A group engaged in the supply of aircraft spares.

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company SAYWELL INTERNATIONAL LIMITED

Accountant -

Mortgages 7

Trade Debtors -

Group 2 companies

Linkages 1 companies

Countries In 1 countries

Key Financials

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

31/08/2016 £60,175,381 £4,313,703 £16,219,377 76

31/08/2015 £51,870,025 £4,398,612 £14,691,438 76

31/08/2014 £45,008,807 £3,210,142 £12,702,620 76

Mortgage Summary

Total Mortgage 7

Outstanding 3

Satisfied 4

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 4

Total Value of Documented Trade £2,441

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

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

Current Directors

Title	Mr	Function	Director
Name	Peter Leonard Saywell	Nationality	British
Date of Birth	06/1945	Present Appointments	2
Latest Address	Aviation Centre Downlands Business Park, Lyons Way, Worthing, West Sussex	Appointment Date	28/08/1992
Post Code	BN14 9LA
Title	Mr	Function	Director
Name	Russell Tudor	Nationality	British
Date of Birth	09/1973	Present Appointments	1
Latest Address	Aviation Centre Downlands Business Park, Lyons Way, Worthing, West Sussex	Appointment Date	26/01/2010
Post Code	BN14 9LA

Title	Mrs	Function	Director
Name	Margaret Ellen Saywell	Nationality	British
Date of Birth	06/1948	Present Appointments	1
Latest Address	Aviation Centre Downlands Business Park, Lyons Way, Worthing, West Sussex	Appointment Date	26/01/2010
Post Code	BN14 9LA
Title	Mr	Function	Director
Name	Sunil Sutaria	Nationality	British
Date of Birth	10/1968	Present Appointments	1
Latest Address	Aviation Centre Downlands Business Park, Lyons Way, Worthing, West Sussex	Appointment Date	01/01/2011
Post Code	BN14 9LA

Current Company Secretary

Title	Mrs	Function	Company Secretary
Name	Heather Anne Edmonds	Nationality
Date of Birth	-	Present Appointments	1
Latest Address	Aviation Centre, Downland Business Park, Lyons Way Worthing, West Sussex	Appointment Date	26/01/2010
Post Code	BN14 9LA

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
PETER LEONARD SAYWELL	GBP	149	ORDINARY	1	99.33
HEATHER ANNE EDMONDS	GBP	1	ORDINARY	1	0.67

Profit & Loss

	Date Of Accounts	31/08/16	(%)	31/08/15	(%)	31/08/14	(%)	31/08/13	(%)	31/08/12
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	Y	(%)	Y	(%)	Y	(%)	Y	(%)	Y
	Turnover	£60,175,381	16%	£51,870,025	15.2%	£45,008,807	-2.1%	£45,957,724	18.8%	£38,680,825
	Export	£48,745,280	22.6%	£39,774,072	-	-	-	-	-	-
	Cost of Sales	£44,865,593	18.4%	£37,907,441	12.4%	£33,730,749	-1.2%	£34,152,256	23.3%	£27,689,911
	Gross Profit	£15,309,788	9.6%	£13,962,584	23.8%	£11,278,058	-4.5%	£11,805,468	7.4%	£10,990,914
	Wages & Salaries	£4,403,333	8.5%	£4,058,907	4.8%	£3,874,517	1%	£3,834,564	-1.4%	£3,890,000
	Directors Emoluments	£673,051	13%	£595,388	-9.1%	£655,135	4.8%	£624,966	-11.2%	£703,669
	Operating Profit	£6,546,623	17.1%	£5,589,478	76.6%	£3,164,234	-12.8%	£3,629,477	25.7%	£2,887,097
	Depreciation	£201,159	13.5%	£177,309	-12.3%	£202,291	-8.6%	£221,296	-1.7%	£225,141
	Audit Fees	£38,407	10.2%	£34,850	1%	£34,500	3%	£33,500	0.8%	£33,250
	Interest Payments	£413,541	12.9%	£366,407	123.2%	£164,146	52.3%	£107,791	-3.5%	£111,749
	Pre Tax Profit	£4,313,703	-1.9%	£4,398,612	37%	£3,210,142	-7.3%	£3,462,303	32.4%	£2,615,176
	Taxation	-£951,605	-3.5%	-£919,176	-22.4%	-£750,742	13.7%	-£869,909	-18.5%	-£734,189
	Profit After Tax	£3,362,098	-3.4%	£3,479,436	41.5%	£2,459,400	-5.1%	£2,592,394	37.8%	£1,880,987
	Dividends Payable	£2,000,000	25%	£1,600,000	14.3%	£1,400,000	40%	£1,000,000	66.7%	£600,000
	Retained Profit	£1,362,098	-27.5%	£1,879,436	77.4%	£1,059,400	-33.5%	£1,592,394	24.3%	£1,280,987

Balance Sheet

	Date Of Accounts	31/08/16	(%)	31/08/15	(%)	31/08/14	(%)	31/08/13	(%)	31/08/12
	Tangible Assets	£1,131,999	-9.7%	£1,253,743	-3%	£1,292,430	-10.5%	£1,443,339	-8.7%	£1,581,013
	Intangible Assets	0	-100%	£94,104	-57.2%	£219,625	-36.4%	£345,145	-26.7%	£470,666
	Total Fixed Assets	£1,131,999	-16%	£1,347,847	-10.9%	£1,512,055	-15.5%	£1,788,484	-12.8%	£2,051,679
	Stock	£26,690,226	-1.6%	£27,127,901	75.1%	£15,492,634	-8.1%	£16,866,295	27%	£13,285,289
	Trade Debtors	£9,092,109	39%	£6,539,662	16.9%	£5,594,260	-17.8%	£6,809,485	42.1%	£4,792,058
	Cash	£7,926,963	17.5%	£6,748,538	34.7%	£5,011,430	81.9%	£2,754,688	-37.6%	£4,411,436
	Other Debtors	£1,367,585	-2.4%	£1,401,009	50.2%	£932,950	-35.5%	£1,446,482	109%	£692,236
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£45,076,883	7.8%	£41,817,110	54.7%	£27,031,274	-3%	£27,876,950	20.3%	£23,181,019
	Trade Creditors	£8,960,545	11.4%	£8,040,106	35.8%	£5,921,322	-18.1%	£7,229,062	19.7%	£6,040,061
	Bank Loans & Overdrafts	£2,804,235	-8.8%	£3,073,626	121.2%	£1,389,210	-3.7%	£1,442,312	1.4%	£1,422,239
	Other Short Term Finance	£962,984	8.2%	£889,604	23.6%	£719,495	125.1%	£319,703	-56.8%	£740,302
	Miscellaneous Current Liabilities	£2,328,785	26.6%	£1,839,601	64%	£1,121,794	-6.5%	£1,199,848	0.6%	£1,192,278
	Total Current Liabilities	£15,056,549	8.8%	£13,842,937	51.3%	£9,151,821	-10.2%	£10,190,925	8.5%	£9,394,880
	Bank Loans & Overdrafts and LTL	£17,737,191	0.2%	£17,704,208	119.2%	£8,078,098	-10.1%	£8,982,919	28.3%	£7,000,258
	Other Long Term Finance	£91,892	-18.3%	£112,409	142.9%	£46,272	-86.2%	£335,380	-25.3%	£449,000
	Total Long Term Liabilities	£14,932,956	2.1%	£14,630,582	118.7%	£6,688,888	-11.3%	£7,540,607	35.2%	£5,578,019

Capital & Reserves

	Date Of Accounts	31/08/16	(%)	31/08/15	(%)	31/08/14	(%)	31/08/13	(%)	31/08/12
	Called Up Share Capital	£150	-	£150	-	£150	-	£150	-	£150
	P & L Account Reserve	£16,149,355	10.5%	£14,621,416	15.7%	£12,632,598	6.5%	£11,863,880	16.4%	£10,189,777
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	£69,872	-	£69,872	-	£69,872	-	£69,872	-	£69,872
	Shareholder Funds	£16,219,377	10.4%	£14,691,438	15.7%	£12,702,620	6.4%	£11,933,902	16.3%	£10,259,799

Other Financial Items

	Date Of Accounts	31/08/16	(%)	31/08/15	(%)	31/08/14	(%)	31/08/13	(%)	31/08/12
	Net Worth	£16,219,377	11.1%	£14,597,334	16.9%	£12,482,995	7.7%	£11,588,757	18.4%	£9,789,133
	Working Capital	£30,020,334	7.3%	£27,974,173	56.5%	£17,879,453	1.1%	£17,686,025	28.3%	£13,786,139
	Total Assets	£46,208,882	7.1%	£43,164,957	51.2%	£28,543,329	-3.8%	£29,665,434	17.6%	£25,232,698
	Total Liabilities	£29,989,505	5.3%	£28,473,519	79.7%	£15,840,709	-10.7%	£17,731,532	18.4%	£14,972,899
	Net Assets	£16,219,377	10.4%	£14,691,438	15.7%	£12,702,620	6.4%	£11,933,902	16.3%	£10,259,799

Cash Flow

	Date Of Accounts	31/08/16	(%)	31/08/15	(%)	31/08/14	(%)	31/08/13	(%)	31/08/12
	Net Cashflow from Operations	£3,660,575	192.3%	-£3,967,851	-193.4%	£4,246,602	258.3%	-£2,682,678	-486.2%	£694,622
	Net Cashflow before Financing	£3,234,436	173.5%	-£4,400,294	-245.1%	£3,031,775	182.5%	-£3,674,196	-999.9%	-£303,919
	Net Cashflow from Financing	-£2,056,011	-133.5%	£6,137,402	891.9%	-£775,033	-138.4%	£2,017,448	295.9%	£509,572
	Increase in Cash	£1,178,425	-32.2%	£1,737,108	-23%	£2,256,742	236.2%	-£1,656,748	-905.6%	£205,653

Miscellaneous

	Date Of Accounts	31/08/16	(%)	31/08/15	(%)	31/08/14	(%)	31/08/13	(%)	31/08/12
	Contingent Liability	NO	-	NO	-	YES	-	YES	-	YES
	Capital Employed	£31,152,333	6.2%	£29,322,020	51.2%	£19,391,508	-0.4%	£19,474,509	23%	£15,837,818
	Number of Employees	76	-	76	-	76	2.7%	74	1.4%	73
	Accountants
	Auditors	DELOITTE LLP
	Auditor Comments	The audit report contains no adverse comments
	Bankers	NATIONAL WESTMINSTER BANK PLC
	Bank Branch Code	54-41-54

Ratios

	Date Of Accounts	31/08/16	31/08/15	31/08/14	31/08/13	31/08/12
	Pre-tax profit margin %	7.17	8.48	7.13	7.53	6.76
	Current ratio	2.99	3.02	2.95	2.74	2.47
	Sales/Net Working Capital	2	1.85	2.52	2.60	2.81
	Gearing %	109.40	120.50	63.60	75.30	68.20
	Equity in %	35.10	34.10	44.80	40.70	41.40
	Creditor Days	54.20	56.42	47.88	57.25	56.83
	Debtor Days	54.99	45.89	45.24	53.93	45.09
	Liquidity/Acid Test	1.22	1.06	1.26	1.08	1.05
	Return On Capital Employed %	13.84	15	16.55	17.77	16.51
	Return On Total Assets Employed %	9.33	10.19	11.24	11.67	10.36
	Current Debt Ratio	0.92	0.94	0.72	0.85	0.91
	Total Debt Ratio	1.84	1.93	1.24	1.48	1.45
	Stock Turnover Ratio %	44.35	52.29	34.42	36.69	34.34
	Return on Net Assets Employed %	26.59	29.93	25.27	29.01	25.48

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
02/09/2017	Confirmation Statement
11/04/2017	Payment Data Update Received
10/04/2017	New Accounts Filed
10/04/2017	New Accounts Filed
12/10/2016	Annual Returns
10/04/2016	New Accounts Filed
10/04/2016	New Accounts Filed
15/09/2015	Annual Returns
19/04/2015	New Accounts Filed
19/04/2015	New Accounts Filed
07/09/2014	Annual Returns
14/04/2014	New Accounts Filed
14/04/2014	New Accounts Filed
08/04/2014	Mr C.E. Taylor has left the board
06/09/2013	Annual Returns

Previous Company Names

Date	Previous Name
15/07/2002	R.F. SAYWELL LIMITED

Writ Details

No writs found

Statistics

Group	2 companies
Linkages	1 companies
Countries	In 1 countries

Summary

Holding Company	SAYWELL INTERNATIONAL LIMITED
Ownership Status	Ultimately Owned
Ultimate Holding Company	SAYWELL INTERNATIONAL LIMITED

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
SAYWELL INTERNATIONAL LI...	00579488	31.08.2016	Y	£60,175,381
WESSEX AEROSPACE LTD	03840009	31.08.2016	N

Other Linked Companies

Name	Number	Latest Key Financials	Turnover
SAYWELL INTERNATIONAL INC		-	$10,000,000

Mortgage Details

Mortgage Type:	CHARGE ON CREDIT BALANCES
Date Charge Created:	24/09/99
Date Charge Registered:	05/10/99
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	BY WAY OF FIRST FIXED CHARGE ALL MONIESINCLUDING INTEREST ACCRUED NOW OR TO BEHELD ON AN ACCOUNT NUMBER 0968 8358 (SORT CODE) 544154 AND EARMARKED OR DESIGNATED BY REFERENCE TO THE COMPANY
Mortgage Type:	MORTGAGE DEBENTURE
Date Charge Created:	05/01/99
Date Charge Registered:	18/01/99
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	A SPECIFIC EQUITABLE CHARGE OVER ALL FREEHOLD AND LEASEHOLD PROPERTIES AND/OR THE PROCEEDS OF SALE THEREOF FIXED AND FLOATING CHARGES OVER UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS AND THE BENEFITS OF ANY LICENCES

Mortgage Type:	LEGAL MORTGAGE
Date Charge Created:	20/05/98
Date Charge Registered:	03/06/98
Date Charge Satisfied:	14/12/07
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	L/H PROPERTY K/A LAND AT WOODS WAY WORTHING WEST SUSSEX BEING UNIT 4 T/NO;-WSX98625 (PART) AND THEPROCEEDS OF SALE THEREOF FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT AND AN ASSIGNMENT OF THE GOODWILL AND CONNECTION OF ANY BUSINESS TOGETHER WITH THE FULL BENEFIT OF ALL LICENCES
Mortgage Type:	LEGAL MORTGAGE
Date Charge Created:	20/05/98
Date Charge Registered:	03/06/98
Date Charge Satisfied:	04/09/07
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	L/H PROPERTY K/A LAND AT WOODS WAY WORTHING WEST SUSSEX BEING UNIT 4 T/NO;-WSX98 AND THE PROCEEDS OFSALE THEREOF FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT AND AN ASSIGNMENT OF THE GOODWILL AND CONNECTION OF ANY BUSINESS TOGETHER WITH THE FULL BENEFIT OF ALL LICENCESSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	LEGAL MORTGAGE
Date Charge Created:	20/05/98
Date Charge Registered:	03/06/98
Date Charge Satisfied:	14/12/07
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	L/H PROPERTY K/A LAND AT WOODS WAY WORTHING WEST SUSSEX BEING AVIATION HOUSE T/NO;-WSX98625 (PART) AND THE PROCEEDS OF SALE THEREOF FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT AND AN ASSIGNMENT OF THE GOODWILL AND CONNECTION OF ANY BUSINESS TOGETHERWITH THE FULL BENEFIT OF ALL LICENCESSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	CHARGE OVER BOOK DEBTS
Date Charge Created:	11/02/97
Date Charge Registered:	21/02/97
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	SPECIFIC CHARGE OVER THE BENEFIT OF ALLBOOK AND OTHER DEBTS NOW OR AT ANY TIMEDUE OR OWING TO THE COMPANY PAID INTO THE ACCOUNT WITH NATIOMAL WESTMINSTER BANK PLC AND ALL MONEYS IN RESPECT THEREOF. SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	LEGAL MORTGAGE
Date Charge Created:	11/02/97
Date Charge Registered:	20/02/97
Date Charge Satisfied:	22/05/98
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	F/HOLD PROPERTY KNOWN AS LAND AND BUILDINGS ON THE WEST SIDE OF BROOKSIDE AVE,RUSTINGTON WEST SUSSEXAND THE PROCEEDS OF SALE THEREOF; T/NO WSX 32517 FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERYIMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT AND AN ASSIGNMENT OF THEGOODWILL AND CONNECTION OF ANY BUSINESSTOGETHER WITH THE FULL BENEFIT OF ALL LICENCES

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	4	£2,441
Company Name	Amount	Statement Date
Ten Fourteen Limited	£1,689	19/11/2014
Eurojet Engineering Ltd	£374	04/03/2014
C F S Aeroproducts Ltd	£259	20/12/2011
G S S Electronic Solutions Ltd	£119	27/05/2016

Previous Director/Company Secretaries

Name	Current Active Appointments		Previous Appointments	Dissolved Companies
Vincent Leslie Bryant	0		1	0
Margaret Ellen Saywell	1		1	0
Christopher Edward Taylor	0		1	0
David John Mitchell	0		1	2
Total Persons With Significant Control		1	Total Statements		0
Active		1	Active		0
Ceased		0	Ceased		0

Active Persons With Significant Control

Name	Peter Leonard Saywell	Kind	Individual Person With Significant Control
Address	Aviation Centre Downlands Business Park, Lyons Way, Worthing, West Sussex	Country Of Residence	England
Post Code	BN14 9LA	Nationality	British
Date of Birth	06/1945	Notified On	25/08/2016
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 66.77
UK Pound	1	INR 90.58
Euro	1	INR 79.97
GBP	1	INR 90.44

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

INFORMATION DETAILS

Analysis Done by :	PRA
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.