MIRA INFORM REPORT

Report No. :	507315
Report Date :	07.05.2018

IDENTIFICATION DETAILS

Name :	SPECTRUM BRANDS (UK) LIMITED
Formerly Known As :	· RAYOVAC EUROPE LIMITED · RAYOVAC VIDOR LIMITED · DIMEMAIN LIMITED
Registered Office :	Regent Mill Fir Street, Failsworth, Manchester, M35 0hs
Country :	United Kingdom
Financials (as on) :	30.09.2016
Date of Incorporation :	13.06.1989
Com. Reg. No.:	02394603
Legal Form :	Private limited with Share Capital
Line of Business :	· Manufacture of batteries and accumulators · Marketing and sale of its own range of branded consumer products which consists mainly of small electrical household and personal care appliances.
No. of Employees :	561

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 :	No Complaints
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

Top of Form

Company Name: SPECTRUM BRANDS (UK) LIMITED

Company No: 02394603

Company Status: Active - Accounts Filed

Status Active

Registered Address: REGENT MILL FIR STREET FAILSWORTH MANCHESTER M35 0HS

Company Name

SPECTRUM BRANDS (UK) LIMITED

Company Number

02394603

Company Summary

Registered Address REGENT MILL FIR STREET
FAILSWORTH
MANCHESTER
M35 0HS

Trading Address Regent Mill Fir Street
Failsworth
Manchester
Gt. Manchester
M35 0HS

Website Address http://www.uk.remington-europe.com

Telephone Number 01619473000

Fax Number

TPS No

FPS Yes

Incorporation Date 13/06/1989

Previous Name RAYOVAC EUROPE LIMITED

Type Private limited with Share Capital

FTSE Index -

Date of Change 17/01/2011

Filing Date of Accounts 30/06/2017

Currency GBP

Share Capital £100,599,216

SIC07 27200

Charity Number -

SIC07 Description MANUFACTURE OF BATTERIES AND ACCUMULATORS

Principal Activity Marketing and sale of its own range of branded consumer products which consists mainly of small electrical household and personal care appliances.

Additional Information

CCJ's 2 (£4,351)

15/06/2015 COUNTY COURT MONEY CLAIMS CENTRE £4,252 Satisfied

11/03/2015 COUNTY COURT BUSINESS CENTRE £99 Judgment

- - - -

Ultimate Holding Company SPECTRUM BRANDS HOLDINGS INCORPORATED

Accountant -

Mortgages 8

Group 18 companies

Linkages 481 companies

Countries In 88 countries

Key Financials

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

30/09/2016 £215,283,000 £32,173,000 £206,613,000 561

30/09/2015 £186,903,000 £36,297,000 £179,339,000 491

30/09/2014 £171,295,000 -£36,695,000 £127,425,000 427

Mortgage Summary

Total Mortgage 8

Outstanding 3

Satisfied 5

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 only made late payments on a low 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 -	1	Total Value of Exact CCJs -	£99
Total Number of Possible CCJs -	0	Total Value of Possible CCJs -
Total Number of Satisfied CCJs -	1	Total Value of Satisfied CCJs -	£4,252
Total Number of Writs -	-

Total Current Directors	3	Total Current Secretaries	1
Total Previous Directors / Company Secretaries	30	Total Person's With Significant Control	1

Current Directors

Title	Mr	Function	Director
Name	Christopher Berry	Nationality	British
Date of Birth	04/1954	Present Appointments	14
Latest Address	Regent Mill Fir Street, Failsworth, Manchester	Appointment Date	16/12/2010
Post Code	M35 0HS
Title	Mr	Function	Director
Name	Timothy John Wright	Nationality	British
Date of Birth	04/1962	Present Appointments	2
Latest Address	Regent Mill Fir Street, Failsworth, Manchester	Appointment Date	16/12/2010
Post Code	M35 0HS

Title	Mr	Function	Director
Name	Glen Alfred Rutherford	Nationality	British
Date of Birth	11/1969	Present Appointments	2
Latest Address	26, Farndale Avenue South Bents, Sunderland, Tyne & Wear	Appointment Date	19/01/2016
Post Code	SR6 8BH

Current Company Secretary

Title	Mr	Function	Company Secretary
Name	Benjamin Gordon Goodman	Nationality
Date of Birth	-	Present Appointments	1
Latest Address	Regent Mill Fir Street, Failsworth, Manchester	Appointment Date	30/11/2016
Post Code	M35 0HS

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
SPECTRUM BRANDS (UK) HOLDINGS LTD	GBP	100,599,216	ORDINARY	1	100

Financials

Profit & Loss

	Date Of Accounts	30/09/16	(%)	30/09/15	(%)	30/09/14	(%)	30/09/13	(%)	30/09/12
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
	Turnover	£215,283,000	15.2%	£186,903,000	9.1%	£171,295,000	2.1%	£167,836,000	12.1%	£149,675,000
	Export	-	-	-	-	-	-	-	-	-
	Cost of Sales	£140,447,000	17%	£120,060,000	5.8%	£113,483,000	0%	£113,445,000	15%	£98,609,000
	Gross Profit	£74,836,000	12%	£66,843,000	15.6%	£57,812,000	6.3%	£54,391,000	6.5%	£51,066,000
	Wages & Salaries	£20,683,000	14.5%	£18,056,000	27%	£14,219,000	-0.5%	£14,290,000	6.6%	£13,408,000
	Directors Emoluments	£718,000	-17.4%	£869,000	31.3%	£662,000	1.4%	£653,000	12.2%	£582,000
	Operating Profit	£30,959,000	-9.7%	£34,272,000	10.8%	£30,926,000	20.4%	£25,692,000	16.8%	£21,992,000
	Depreciation	-	-	-	-	£1,910,000	40.8%	£1,357,000	12.7%	£1,204,000
	Audit Fees	£109,000	9%	£100,000	14.9%	£87,000	-9.4%	£96,000	2.1%	£94,000
	Interest Payments	£1,973,000	21.7%	£1,621,000	-64.9%	£4,617,000	-1.2%	£4,671,000	-8.5%	£5,105,000
	Pre Tax Profit	£32,173,000	-11.4%	£36,297,000	198.9%	-£36,695,000	-232.3%	£27,740,000	53.3%	£18,090,000
	Taxation	-£2,621,000	45.5%	-£4,813,000	-6.7%	-£4,511,000	-14.1%	-£3,952,000	-250.7%	-£1,127,000
	Profit After Tax	£29,552,000	-6.1%	£31,484,000	176.4%	-£41,206,000	-273.2%	£23,788,000	40.2%	£16,963,000
	Dividends Payable	-	-	-	-	-	-	-	-	-
	Retained Profit	£29,552,000	-6.1%	£31,484,000	176.4%	-£41,206,000	-273.2%	£23,788,000	40.2%	£16,963,000

Balance Sheet

	Date Of Accounts	30/09/16	(%)	30/09/15	(%)	30/09/14	(%)	30/09/13	(%)	30/09/12
	Tangible Assets	£99,697,000	4.5%	£95,423,000	37.7%	£69,282,000	-69.3%	£225,814,000	12.3%	£201,111,000
	Intangible Assets	£35,223,000	-7.4%	£38,019,000	-6.9%	£40,815,000	-6.4%	£43,612,000	-6%	£46,409,000
	Total Fixed Assets	£134,920,000	1.1%	£133,442,000	21.2%	£110,097,000	-59.1%	£269,426,000	8.9%	£247,520,000
	Stock	£19,912,000	23.4%	£16,131,000	-3.7%	£16,749,000	-4.6%	£17,557,000	14.2%	£15,371,000
	Trade Debtors	£23,822,000	18.4%	£20,123,000	65.7%	£12,141,000	7.9%	£11,249,000	-18.7%	£13,839,000
	Cash	£10,185,000	-51%	£20,772,000	-2.1%	£21,219,000	22.2%	£17,364,000	62.4%	£10,692,000
	Other Debtors	£102,084,000	128.2%	£44,729,000	164.2%	£16,932,000	-36.2%	£26,539,000	10.6%	£23,988,000
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£156,003,000	53.3%	£101,755,000	51.8%	£67,041,000	-7.8%	£72,709,000	13.8%	£63,890,000
	Trade Creditors	£15,853,000	38.5%	£11,443,000	-47.9%	£21,966,000	122.3%	£9,883,000	21.8%	£8,116,000
	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
	Other Short Term Finance	£10,195,000	638.2%	£1,381,000	-46.3%	£2,574,000	-97.4%	£99,141,000	4.9%	£94,510,000
	Miscellaneous Current Liabilities	£35,662,000	1.8%	£35,035,000	98.6%	£17,644,000	-32.3%	£26,062,000	16.7%	£22,341,000
	Total Current Liabilities	£61,710,000	28.9%	£47,859,000	13.5%	£42,184,000	-68.8%	£135,086,000	8.1%	£124,967,000
	Bank Loans & Overdrafts and LTL	£22,600,000	182.5%	£7,999,000	6.2%	£7,529,000	-79.1%	£36,079,000	-10.7%	£40,405,000
	Other Long Term Finance	£7,908,000	29.5%	£6,105,000	0.5%	£6,077,000	-82.5%	£34,729,000	-0.6%	£34,945,000
	Total Long Term Liabilities	£22,600,000	182.5%	£7,999,000	6.2%	£7,529,000	-79.1%	£36,079,000	-10.7%	£40,405,000

.

Capital & Reserves

	Date Of Accounts	30/09/16	(%)	30/09/15	(%)	30/09/14	(%)	30/09/13	(%)	30/09/12
	Called Up Share Capital	£100,599,000	-	£100,599,000	28.2%	£78,457,000	-	£78,457,000	-	£78,457,000
	P & L Account Reserve	£74,521,000	48%	£50,362,000	138.2%	£21,147,000	-67.3%	£64,692,000	62.7%	£39,760,000
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	£31,493,000	11%	£28,378,000	2%	£27,821,000	-	£27,821,000	-	£27,821,000
	Shareholder Funds	£206,613,000	15.2%	£179,339,000	40.7%	£127,425,000	-25.5%	£170,970,000	17.1%	£146,038,000

Other Financial Items

	Date Of Accounts	30/09/16	(%)	30/09/15	(%)	30/09/14	(%)	30/09/13	(%)	30/09/12
	Net Worth	£171,390,000	21.3%	£141,320,000	63.2%	£86,610,000	-32%	£127,358,000	27.8%	£99,629,000
	Working Capital	£94,293,000	75%	£53,896,000	116.8%	£24,857,000	139.8%	-£62,377,000	-2.1%	-£61,077,000
	Total Assets	£290,923,000	23.7%	£235,197,000	32.8%	£177,138,000	-48.2%	£342,135,000	9.9%	£311,410,000
	Total Liabilities	£84,310,000	50.9%	£55,858,000	12.4%	£49,713,000	-71%	£171,165,000	3.5%	£165,372,000
	Net Assets	£206,613,000	15.2%	£179,339,000	40.7%	£127,425,000	-25.5%	£170,970,000	17.1%	£146,038,000

Cash Flow

	Date Of Accounts	30/09/16	(%)	30/09/15	(%)	30/09/14	(%)	30/09/13	(%)	30/09/12
	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	30/09/16	(%)	30/09/15	(%)	30/09/14	(%)	30/09/13	(%)	30/09/12
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
	Capital Employed	£229,213,000	22.4%	£187,338,000	38.8%	£134,954,000	-34.8%	£207,049,000	11.1%	£186,443,000
	Number of Employees	561	14.3%	491	15%	427	1.7%	420	14.1%	368
	Accountants
	Auditors	KPMG LLP
	Auditor Comments	The audit report contains no adverse comments
	Bankers	BARCLAYS BANK PLC
	Bank Branch Code	20-54-15

Ratios

	Date Of Accounts	30/09/16	30/09/15	30/09/14	30/09/13	30/09/12
	Pre-tax profit margin %	14.94	19.42	-21.42	16.53	12.09
	Current ratio	2.53	2.13	1.59	0.54	0.51
	Sales/Net Working Capital	2.28	3.47	6.89	-2.69	-2.45
	Gearing %	10.90	4.50	5.90	21.10	27.70
	Equity in %	80.80	91	93.50	57.30	55.10
	Creditor Days	26.80	22.28	46.67	21.43	19.73
	Debtor Days	40.27	39.19	25.79	24.39	33.65
	Liquidity/Acid Test	2.20	1.78	1.19	0.40	0.38
	Return On Capital Employed %	14.03	19.37	-27.19	13.39	9.70
	Return On Total Assets Employed %	11.05	15.43	-20.71	8.10	5.80
	Current Debt Ratio	0.29	0.26	0.33	0.79	0.85
	Total Debt Ratio	0.40	0.31	0.39	1	1.13
	Stock Turnover Ratio %	9.24	8.63	9.77	10.46	10.26
	Return on Net Assets Employed %	15.57	20.23	-28.79	16.22	12.38

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
13/04/2018	Payment Data Update Received
13/04/2018	Mr M. Schiller has left the board
13/04/2018	Ms A. Krueger has left the board
13/07/2017	Payment Data Update Received
12/07/2017	New Accounts Filed
12/07/2017	New Accounts Filed
12/07/2017	Payment Data Update Received
10/06/2017	Confirmation Statement
02/12/2016	Mr A.D. Streets has resigned as company secretary
02/12/2016	Mr A.D. Streets has left the board
02/12/2016	New Company Secretary Mr B.G. Goodman appointed
01/11/2016	New Board Member Mr G.A. Rutherford appointed
17/06/2016	Annual Returns
17/06/2016	Annual Returns
31/05/2016	Annual Returns

Previous Company Names

Date	Previous Name
17/01/2011	RAYOVAC EUROPE LIMITED
01/07/1993	RAYOVAC VIDOR LIMITED
18/12/1989	DIMEMAIN LIMITED

Writ Details

No writs found

Statistics

Group	18 companies
Linkages	481 companies
Countries	In 88 countries

Summary

Holding Company	SPECTRUM BRANDS (UK) HOLDINGS LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	SPECTRUM BRANDS HOLDINGS INCORPORATED

Group Structure

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
SPECTRUM BRANDS HOLDINGS...		-	-	$4,690,400,000
RAYOVAC EUROPE GMBH	HRB 55482	30.09.2012	N
SPECTRUM BRANDS LUX II...	N/A	-	-
SPECTRUM BRANDS LUX II...	IE906702	-	N
SPECTRUM BRANDS (UK)...	07453367	30.09.2016	N
ARMORED AUTO UK LI...	02362589	30.09.2016	N	£13,343,814
SPECTRUM BRANDS (U...	02394603	30.09.2016	N	£215,283,000
RUSSELL HOBBS LIM...	00073700	30.09.2016	N
RUSSELL HOBBS HOL...	00114036	30.09.2016	N
RUSSELL HOBBS T...	00765557	30.09.2015	N
D.H. HADEN LIMITED	00617666	30.09.2016	N
VARTA LIMITED	00627637	30.09.2016	N
RAYOVAC (UK) LIMITED	01704133	30.09.2016	N
REMINGTON CONSUME...	01396316	30.09.2005	N
SPECTRUM BRANDS A...	IE304486	30.09.2016	N
TETRA (UK) LIMITED	04601572	30.09.2016	N
AAG UK PARENT LIMITED	07403263	30.09.2016	N
AAG UK HOLDING LI...	07403300	30.09.2016	N

Statistics

Group	18 companies
Linkages	481 companies
Countries	In 88 countries

Other Linked Companies

Name	Number	Latest Key Financials	Turnover
GILLETTE INDIA	267130	30.06.2017	€267,140,274
PROCTER AND GAMBLE SERVICES COMPANY NV	437862552	30.06.2016
PROCTER & GAMBLE FINANCE (UK) LIMITED	05116779	30.06.2017
PROCTER & GAMBLE INTERNATIONAL S.À R.L.	B92036	30.06.2016
PROCTER & GAMBLE HOLDINGS (UK) LIMITED	05116788	30.06.2017
GILLETTE PAKISTAN	K-336/9844	30.06.2017	€14,696,470
PROCTER & GAMBLE INVESTMENT COMPANY (UK) LIMITED	05116789	30.06.2017
PROCTER & GAMBLE UK PARENT COMPANY LIMITED	07596236	30.06.2017
PROCTER & GAMBLE HOLDING FRANCE	542106109	30.06.2017	€12,062,213
PROCTER & GAMBLE PRODUCT SUPPLY (U.K.) LIMITED	03074536	30.06.2017	£169,304,000
FATER S.P.A.	PE81248	30.06.2017	€936,970,993
PROCTER & GAMBLE DEUTSCHLAND GMBH	HRB 7906	30.06.2016	€79,352,000
PROCTER EN GAMBLE EUROPE BVBA	459802665	30.06.2012
PROCTER & GAMBLE LIMITED	00083758	30.06.2017
HFC PRESTIGE PRODUCTS NV	403143975	30.06.2014	€953,222
PROCTER & GAMBLE HOLDING GMBH	HRB 1168	30.06.2016	€41,546,000
PROCTER & GAMBLE NORGE AS	922869642	30.06.2017	87,761 KNOK
DURACELL BATTERIES BVBA	400959891	31.12.2016	€58,914,643
FAMECCANICA.DATA SPA	PE70922	30.06.2017	€283,279,464
PROCTER & GAMBLE S.R.L.	RM931659	30.06.2017	€325,729,482

Exact CCJ Details

Date	Court	Amount	Status	Case Number	Date Paid
15/06/2015	COUNTY COURT MONEY CLAIMS CENTRE	£4,252	Satisfied	B76YJ454	18/09/2015
11/03/2015	COUNTY COURT BUSINESS CENTRE	£99	Judgment	B0QZ674E	-

Possible CCJs Details

There are no possible CCJ details

Mortgage Details

Mortgage Type:	CHARGE OVER RECEIVABLES
Date Charge Created:	01/08/12
Date Charge Registered:	21/08/12
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	GE CAPITAL BANK AG
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	BY WAY OF FIRST FIXED CHARGE ALL RIGHTSIN ANY OF ITS INELIGIBLE RECEIVABLES; AND ALL OF ITS RIGHTS IN ANY CREDIT BALANCE ON THE BANK ACCOUNT AND THE INDEBTEDNESS REPRESENTED THEREBY
Mortgage Type:	DEBENTURE
Date Charge Created:	22/11/10
Date Charge Registered:	04/12/10
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK PLC;
Amount Secured:
Details:	FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY

Mortgage Type:	RENT DEPOSIT DEED
Date Charge Created:	19/08/10
Date Charge Registered:	20/08/10
Date Charge Satisfied:	06/03/18
Status:	SATISFIED
Person(s) Entitled:	ARCTIC CAT PROPERTY S.A.;
Amount Secured:
Details:	ALL ITS INTEREST IN THE ACCOUNT AND THEDEPOSIT BALANCE IN THE SUM OF £175,000 SEE IMAGE FOR FULL DETAILS
Mortgage Type:	DEPOSIT AGREEMENT AND CHARGE ON CASH DEPOSITS
Date Charge Created:	20/05/08
Date Charge Registered:	22/05/08
Date Charge Satisfied:	23/06/11
Status:	SATISFIED
Person(s) Entitled:	ABN AMRO BANK N.V.
Amount Secured:
Details:	THE SUM OF £340,000 DEPOSITED AND ALL OTHER SUMS SEE IMAGE FOR FULL DETAILS

Mortgage Type:	RENT DEPOSIT DEED
Date Charge Created:	07/11/05
Date Charge Registered:	10/11/05
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	TURKEY MILL INVESTMENTS LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	£8,750.00 BY WAY OF A RENT DEPOSIT
Mortgage Type:	DEBENTURE
Date Charge Created:	09/03/01
Date Charge Registered:	19/03/01
Date Charge Satisfied:	02/05/03
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY 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:	CHARGE
Date Charge Created:	28/06/91
Date Charge Registered:	13/07/91
Date Charge Satisfied:	02/05/03
Status:	SATISFIED
Person(s) Entitled:	RAYOVAC (UK) LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF THE LOAN STOCK(AS THEREIN DEFINED)
Details:	(INCLUDING TRADE AND TENNANTS FIXTURES) 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 DEBENTURE
Date Charge Created:	15/02/90
Date Charge Registered:	20/02/90
Date Charge Satisfied:	02/05/03
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:	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

Previous Director/Company Secretaries

Name	Current Active Appointments			Previous Appointments	Dissolved Companies
David William Pool	1			1	0
Matthias Schiller	1			1	0
James Thomas Lucke	0			4	1
Richard Herbert Thornley	0			2	2
Roger Frederick Warren	0			2	0
Colin Hendry	0			4	0
Colin Hendry	0			4	0
Marvin Giles Siegert	0			1	0
Glynn Michael Rossa	0			2	0
Robert Peter Howard-Jones	0			5	21
Paul Joseph Duffy	0			2	1
Stephen Tuscic	0			2	0
David Reginald Stratton	0			3	1
Kenneth Gordon Drescher	0			2	0
BLACKBROOK SECRETARIAL SERVICES LIMITED	9			74	29
Paul Ronald Hunt	0			3	3
Remy Burel	0			3	0
Kent Hussey	0			4	0
Kay Downs	0			4	0
Matthias Schiller	0			3	0
Gaynor Louise Rowe	0			4	0
Christof Mathias Queisser	0			4	0
Anja Krueger	5			3	4
Andreas Rouve	0			5	3
Arthur Phillips	0			5	11
Declan Mullane	0			3	0
Willibrordus Zacharias Bos	0			1	1
Sally Sidani	0			4	0
Andrew David Streets	0			1	0
Andrew David Streets	1			16	29
Total Persons With Significant Control		1	Total Statements			0
Active		1	Active			0
Ceased		0	Ceased			0

Active Persons With Significant Control

Name	Spectrum Brands (Uk) Holdings Limited	Kind	Corporate Entity With Significant Control
Address	Regent Mill Fir Street, Failsworth, Manchester	Notified On	30/06/2016
Post Code	M35 0HS	Legal Form	Private Limited Company
Authority	England And Wales	Place Registered	England And Wales
Country Registered	England	Registration Number	7453367
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 66.78
UK Pound	1	INR 90.58
Euro	1	INR 79.97
GBP	1	INR 90.85

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

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	SYL

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.