MIRA INFORM REPORT

Report No. :	509182
Report Date :	14.05.2018

IDENTIFICATION DETAILS

Name :	SIVA PLASTICS LIMITED
Registered Office :	Spitfire House, Hazel Road, Woolston, So19 7gb
Country :	United Kingdom
Financials (as on) :	31.10.2016
Date of Incorporation :	31.07.1989
Com. Reg. No.:	02409513
Legal Form :	Private limited with Share Capital
Line of Business :	· Manufacture of plastic packing goods · The manufacture of industrial and consumer flexible packaging.
No. of Employees :	202

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

Company Name: SIVA PLASTICS LIMITED

Company No: 02409513

Company Status: Active - Accounts Filed

Status Active

Active - Accounts Filed

Registered Address: SPITFIRE HOUSEHAZEL ROADWOOLSTONSO19 7GB

Company Name

SIVA PLASTICS LIMITED

Company Number

02409513

Company Summary

Registered Address SPITFIRE HOUSE
HAZEL ROAD
WOOLSTON
SO19 7GB

Trading Address Spitfire Quay
Hazel Road
Woolston
Southampton, Hampshire
SO19 7GB

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

Telephone Number 02380448838

Fax Number

TPS No

FPS Yes

Incorporation Date 31/07/1989

Previous Name

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 25/07/2017

Currency GBP

Share Capital £100

SIC07 22220

Charity Number -

SIC07 Description MANUFACTURE OF PLASTIC PACKING GOODS

Principal Activity The manufacture of industrial and consumer flexible packaging.

Additional Information

CCJ's 1 (£20,171)

23/05/2013 SOUTHAMPTON £20,171 Satisfied

- - - -

- - - -

Ultimate Holding Company SIVA HOLDINGS LIMITED

Accountant -

Mortgages 32

Group 3 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

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

31/10/2016 £57,946,701 £3,964,844 £9,638,477 202

31/10/2015 £56,906,925 £3,013,830 £7,794,658 199

31/10/2014 £53,192,636 £1,585,968 £7,421,217 208

Mortgage Summary

Total Mortgage 32

Outstanding 9

Satisfied 23

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 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 -	£20,171
Total Number of Writs -	-

Back to Top

Show More

Total Current Directors	2	Total Current Secretaries	1
Total Previous Directors / Company Secretaries	7	Total Person's With Significant Control	2

Current Directors

Title	Mr	Function	Director
Name	Adrian Francis Glen	Nationality	British
Date of Birth	04/1961	Present Appointments	1
Latest Address	Tendele Old Redbridge Road, Timsbury	Appointment Date	05/09/2003
Post Code	SO15 0NF
Title	Mrs	Function	Director
Name	Hannah Mehta	Nationality	British
Date of Birth	09/1977	Present Appointments	2
Latest Address	Spitfire House Hazel Road, Woolston, Southampton, Hampshire	Appointment Date	20/07/2017
Post Code	SO19 7GB

Current Company Secretary

Title	Ms	Function	Company Secretary
Name	Hannah Mehta	Nationality
Date of Birth	-	Present Appointments	1
Latest Address	Spitfire House Hazel Road, Woolston, Southampton, Hampshire	Appointment Date	31/10/2017
Post Code	SO19 7GB

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
SIVA HOLDINGS LTD	GBP	100	ORDINARY	1	100
1

Financials

Profit & Loss

	Date Of Accounts	31/10/16	(%)	31/10/15	(%)	31/10/14	(%)	31/10/13	(%)	31/10/12
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
	Turnover	£57,946,701	1.8%	£56,906,925	7%	£53,192,636	1.5%	£52,397,034	8.8%	£48,160,385
	Export	£22,572,028	9.5%	£20,611,072	4.5%	£19,717,152	19.4%	£16,507,307	-12%	£18,762,309
	Cost of Sales	£49,337,390	-2%	£50,319,009	4.7%	£48,049,477	1%	£47,550,260	11.3%	£42,722,898
	Gross Profit	£8,609,311	30.7%	£6,587,916	28.1%	£5,143,159	6.1%	£4,846,774	-10.9%	£5,437,487
	Wages & Salaries	£5,423,875	9.4%	£4,957,765	0.9%	£4,915,886	9.7%	£4,481,713	7.4%	£4,172,863
	Directors Emoluments	£104,829	15%	£91,159	-46.9%	£171,530	7.2%	£159,936	104%	£78,387
	Operating Profit	£4,254,224	30%	£3,271,474	71.5%	£1,907,648	4.9%	£1,818,946	-28.4%	£2,539,451
	Depreciation	£834,090	12.5%	£741,446	11.6%	£664,226	-8%	£722,284	4.6%	£690,512
	Audit Fees	£17,250	1.5%	£17,000	1.9%	£16,675	2.5%	£16,265	25.1%	£13,000
	Interest Payments	£289,380	12.3%	£257,644	-19.9%	£321,680	3.5%	£310,728	-16.2%	£370,702
	Pre Tax Profit	£3,964,844	31.6%	£3,013,830	90%	£1,585,968	5.2%	£1,508,218	-30.5%	£2,168,749
	Taxation	-£321,025	-128.7%	-£140,389	28%	-£195,050	-173.6%	-£71,296	90.2%	-£729,332
	Profit After Tax	£3,643,819	26.8%	£2,873,441	106.6%	£1,390,918	-3.2%	£1,436,922	-0.2%	£1,439,417
	Dividends Payable	£1,800,000	-28%	£2,500,000	100%	£1,250,000	-	£1,250,000	11.1%	£1,125,000
	Retained Profit	£1,843,819	393.7%	£373,441	165%	£140,918	-24.6%	£186,922	-40.5%	£314,417

Balance Sheet

	Date Of Accounts	31/10/16	(%)	31/10/15	(%)	31/10/14	(%)	31/10/13	(%)	31/10/12
	Tangible Assets	£14,001,341	3.6%	£13,516,739	0.1%	£13,503,807	2.7%	£13,154,911	18.9%	£11,064,252
	Intangible Assets	0	-	0	-	0	-	0	-	0
	Total Fixed Assets	£14,001,341	3.6%	£13,516,739	0.1%	£13,503,807	2.7%	£13,154,911	18.9%	£11,064,252
	Stock	£4,687,934	8.2%	£4,334,360	-3.1%	£4,474,127	-20.1%	£5,597,325	41.4%	£3,957,525
	Trade Debtors	£10,477,909	19.2%	£8,791,163	22.8%	£7,160,265	-7%	£7,702,906	23.5%	£6,239,366
	Cash	£998,248	-52.4%	£2,099,143	462.1%	£373,451	133.2%	£160,137	-43.2%	£282,047
	Other Debtors	£2,567,579	51.7%	£1,692,572	67.6%	£1,009,605	-55%	£2,244,973	4.7%	£2,144,149
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£18,731,670	10.7%	£16,917,238	30%	£13,017,448	-17.1%	£15,705,341	24.4%	£12,623,087
	Trade Creditors	£9,314,306	1%	£9,223,318	19.6%	£7,713,972	-22.7%	£9,977,880	58.5%	£6,296,476
	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
	Other Short Term Finance	£9,584,707	3.9%	£9,221,582	23.6%	£7,463,799	-1.3%	£7,558,928	12.6%	£6,710,595
	Miscellaneous Current Liabilities	£354,212	-59.1%	£866,104	5.8%	£818,939	14.6%	£714,795	-44.6%	£1,290,125
	Total Current Liabilities	£19,253,225	-0.3%	£19,311,004	20.7%	£15,996,710	-12.4%	£18,251,603	27.7%	£14,297,196
	Bank Loans & Overdrafts and LTL	£3,841,309	15.4%	£3,328,315	7.2%	£3,103,328	-9%	£3,408,768	43.4%	£2,377,184
	Other Long Term Finance	£2,144,584	25.2%	£1,713,327	18.5%	£1,445,861	-23.8%	£1,897,497	152.8%	£750,708
	Total Long Term Liabilities	£3,841,309	15.4%	£3,328,315	7.2%	£3,103,328	-9%	£3,408,768	43.4%	£2,377,184

.

Capital & Reserves

	Date Of Accounts	31/10/16	(%)	31/10/15	(%)	31/10/14	(%)	31/10/13	(%)	31/10/12
	Called Up Share Capital	£100	-	£100	-	£100	-	£100	-	£100
	P & L Account Reserve	£8,826,963	26.4%	£6,983,144	6.5%	£6,555,928	2%	£6,426,231	3.9%	£6,186,223
	Revaluation Reserve	£811,414	-	£811,414	-6.2%	£865,189	11.8%	£773,550	-6.4%	£826,636
	Sundry Reserves	-	-	-	-	-	-	-	-	-
	Shareholder Funds	£9,638,477	23.7%	£7,794,658	5%	£7,421,217	3.1%	£7,199,881	2.7%	£7,012,959

Other Financial Items

	Date Of Accounts	31/10/16	(%)	31/10/15	(%)	31/10/14	(%)	31/10/13	(%)	31/10/12
	Net Worth	£9,638,477	23.7%	£7,794,658	5%	£7,421,217	3.1%	£7,199,881	2.7%	£7,012,959
	Working Capital	-£521,555	78.2%	-£2,393,766	19.7%	-£2,979,262	-17%	-£2,546,262	-52.1%	-£1,674,109
	Total Assets	£32,733,011	7.6%	£30,433,977	14.8%	£26,521,255	-8.1%	£28,860,252	21.8%	£23,687,339
	Total Liabilities	£23,094,534	2%	£22,639,319	18.5%	£19,100,038	-11.8%	£21,660,371	29.9%	£16,674,380
	Net Assets	£9,638,477	23.7%	£7,794,658	5%	£7,421,217	3.1%	£7,199,881	2.7%	£7,012,959

Cash Flow

	Date Of Accounts	31/10/16	(%)	31/10/15	(%)	31/10/14	(%)	31/10/13	(%)	31/10/12
	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	31/10/16	(%)	31/10/15	(%)	31/10/14	(%)	31/10/13	(%)	31/10/12
	Contingent Liability	YES	-	YES	-	YES	-	YES	-	YES
	Capital Employed	£13,479,786	21.2%	£11,122,973	5.7%	£10,524,545	-0.8%	£10,608,649	13%	£9,390,143
	Number of Employees	202	1.5%	199	-4.3%	208	7.8%	193	10.3%	175
	Accountants
	Auditors	BDO LLP
	Auditor Comments	The audit report contains no adverse comments
	Bankers	HSBC BANK PLC
	Bank Branch Code	40-20-10

Ratios

	Date Of Accounts	31/10/16	31/10/15	31/10/14	31/10/13	31/10/12
	Pre-tax profit margin %	6.84	5.30	2.98	2.88	4.50
	Current ratio	0.97	0.88	0.81	0.86	0.88
	Sales/Net Working Capital	-111.10	-23.77	-17.85	-20.58	-28.77
	Gearing %	39.90	42.70	41.80	47.30	33.90
	Equity in %	29.40	25.60	28	24.90	29.60
	Creditor Days	58.50	58.99	52.78	69.31	47.58
	Debtor Days	65.81	56.23	48.99	53.51	47.15
	Liquidity/Acid Test	0.72	0.65	0.53	0.55	0.60
	Return On Capital Employed %	29.41	27.09	15.06	14.21	23.09
	Return On Total Assets Employed %	12.11	9.90	5.97	5.22	9.15
	Current Debt Ratio	1.99	2.47	2.15	2.53	2.03
	Total Debt Ratio	2.39	2.90	2.57	3	2.37
	Stock Turnover Ratio %	8.09	7.61	8.41	10.68	8.21
	Return on Net Assets Employed %	41.13	38.66	21.37	20.94	30.92

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
05/02/2018	Confirmation Statement
10/11/2017	Payment Data Update Received
10/11/2017	Ms P.P. Athwal has left the board
10/11/2017	Ms P.P. Athwal has resigned as company secretary
10/11/2017	New Company Secretary Ms H. Mehta appointed
10/08/2017	New Board Member Mrs H. Mehta appointed
04/08/2017	New Accounts Filed
04/08/2017	New Accounts Filed
03/08/2017	Payment Data Update Received
01/08/2017	New Board Member Ms H.M. Wicks appointed
30/12/2016	Annual Returns
03/07/2016	New Accounts Filed
09/06/2016	Payment Data Update Received
27/04/2016	Payment Data Update Received
22/12/2015	Annual Returns

Previous Company Names

No Previous Names found

Writ Details

No writs found

Statistics

Group	3 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	SIVA HOLDINGS LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	SIVA HOLDINGS LIMITED

Group Structure

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
SIVA HOLDINGS LIMITED	01439398	31.10.2016	Y	£57,946,701
SIVA PLASTICS LIMITED	02409513	31.10.2016	N	£57,946,701
SIVA TRADING LIMITED	02405662	31.10.2016	N

Statistics

Group	3 companies
Linkages	0 companies
Countries	In 0 countries

Exact CCJ Details

Date	Court	Amount	Status	Case Number	Date Paid
23/05/2013	SOUTHAMPTON	£20,171	Satisfied	3QT58080	31/07/2013

Possible CCJs Details

There are no possible CCJ details

Mortgage Details

Mortgage Type:
Date Charge Created:	08/03/17
Date Charge Registered:	16/03/17
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	LOMBARD NORTH CENTRAL PLC;
Amount Secured:
Details:	CONTAINS FIXED CHARGE.CONTAINS NEGATIVEPLEDGE.
Mortgage Type:
Date Charge Created:	24/02/16
Date Charge Registered:	24/02/16
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC EQUIPMENT FINANCE (UK) LTD;HSBC ASSET FINANCE (UK) LTD;
Amount Secured:
Details:	CONTAINS FIXED CHARGE.CONTAINS NEGATIVEPLEDGE.

Mortgage Type:
Date Charge Created:	04/11/14
Date Charge Registered:	04/11/14
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC ASSET FINANCE (UK) LTD;HSBC EQUIPMENT FINANCE (UK) LTD;
Amount Secured:
Details:	CHATTELS MORTGAGECONTAINS FIXED CHARGE.CONTAINS NEGATIVE PLEDGE.
Mortgage Type:
Date Charge Created:	31/05/13
Date Charge Registered:	04/06/13
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC EQUIPMENT FINANCE (UK) LTD;HSBC ASSET FINANCE (UK) LTD;
Amount Secured:
Details:	CONTAINS FIXED CHARGE.NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE.

Mortgage Type:	LEGAL ASSIGNMENT
Date Charge Created:	28/02/12
Date Charge Registered:	01/03/12
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ANY CREDIT BALANCE DUE TO THE COMPANY UNDER CONDITION 13 OF THE AGREEMENT FOR THE PURCHASE OF DEBTSAND ANY DISCOUNTINGALLOWANCE DUE UNDER THE CONTRACT THE BENEFIT OF ALL THE OTHER PROVISIONS OF THECONTRACT AND ALL SECURITIES IN RESPECT OF THAT CREDIT BALANCE
Mortgage Type:	FULL FORM DEBENTURE
Date Charge Created:	07/11/11
Date Charge Registered:	09/11/11
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	LEUMI ABL LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THETERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
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 SEE IMAGEFOR FULL DETAILS

Mortgage Type:	LEGAL ASSIGNMENT
Date Charge Created:	07/03/11
Date Charge Registered:	09/03/11
Date Charge Satisfied:	13/01/12
Status:	SATISFIED
Person(s) Entitled:	HSBC BANK PLC
Amount Secured:
Details:	ANY CREDIT BALANCE DUE UNDER THE CONTRACT (THE CONTRACT MONIES)
Mortgage Type:	ALL ASSETS DEBENTURE
Date Charge Created:	18/11/10
Date Charge Registered:	25/11/10
Date Charge Satisfied:	13/01/12
Status:	SATISFIED
Person(s) Entitled:	COFACE RECEIVABLES FINANCE LIMITED
Amount Secured:
Details:	FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL UNCALLED CAPITAL BUILDINGS FIXTURES PLANT ANDMACHINERY SEE IMAGE FOR FULL DETAILS

Mortgage Type:	CHATTELS MORTGAGE
Date Charge Created:	20/11/09
Date Charge Registered:	27/11/09
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC EQUIPMENT FINANCE (UK) LTD & HSBC ASSET FINANCE (UK) LTD
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	THE PLANT MACHINERY 20 HEAFORD MANDRELSSERIAL NO S-11494, COBRA WIDE WEB MICRODOT MOUNTING UNIT SERIAL NO 2040360 AND 106 ROSSINI EVERGREEN SLEEVES JOB NO 1991
Mortgage Type:	CHATTELS MORTGAGE
Date Charge Created:	09/11/09
Date Charge Registered:	17/05/13
Date Charge Satisfied:	-
Status:	SATISFIED
Person(s) Entitled:	LLOYDS TSB COMMERCIAL FINANCE LIMITED & G C DICKENS SOLICITOR;
Amount Secured:
Details:	WINDMOLLER & HOLSCHER PRINTING PRESS C1- FLEXO - PRINTING PRESS PRIMAFLEX. THEFULL BENEFIT OF ANY GUARANTEE WARRANTY OR OTHER OBLIGATION, ALL AGREEMENTS INTELLECTUAL PROPERTY RIGHTS AND INTERESTS SEE IMAGE FOR FULL DETAILS

Mortgage Type:	LEGAL ASSIGNMENT
Date Charge Created:	03/07/09
Date Charge Registered:	07/07/09
Date Charge Satisfied:	24/01/12
Status:	SATISFIED
Person(s) Entitled:	HSBC BANK PLC
Amount Secured:
Details:	ANY CREDIT BALANCE DUE TO THE COMPANY UNDER CONDITION 13 OF THE AGREEMENT FOR THE PURCHASE OF DEBTSBETWEEN THE COMPANYAND HSBC AS MORE PARTICULARLY DESCRIBEDIN SCHEDULE 1 TO THE LEGAL ASSIGNMENT ANDINCLUDES ANY DISCOUNTING ALLOWANCE ASDEFINED IN AND DUE UNDER THE CONTRACT, THE BENEFIT OF ALL THE OTHER PROVISIONS OF THE CONTRACT AND ALL SECURITIES FOR THE CONTRACT BUT ONLY IN RESPECT OF THAT CREDIT BALANCE
Mortgage Type:	CHATTELS MORTGAGE
Date Charge Created:	08/04/09
Date Charge Registered:	09/04/09
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	LLOYDS TSB COMMERCIAL FINANCE LIMITED (LTSBCF)
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	THE MORTGAGED CHATTELS - MACCHI 3 LAYERCO EXTRUSION LINE S/NO 02093 THE FULL BENEFIT OF ANY GUARANTEE, WARRANTY OR OTHER OBLIGATION, ALL AGREEMENTS SEE IMAGE FOR FULL DETAILS

Mortgage Type:	CHATTELS MORTGAGE
Date Charge Created:	25/05/06
Date Charge Registered:	15/05/13
Date Charge Satisfied:	-
Status:	SATISFIED
Person(s) Entitled:	LLOYDS UDT LIMITED;
Amount Secured:
Details:	COBRA WIDE WEB MICRODOT MOUNTING UNIT -(EIGHT CAMERA SYSTEM) MODEL 1600 S/NO 2050241 LOCATION BUILDING 2100 MIDPOINT 27 CARTWRIGHT DRIVE SEGENSWORTH HAMPSHIRE. HUDSON SHARP DUAL ANGULAR GUSSET SEALER S/NO 2647-1 LOCATION SPITFIRE HOUSE HAZEL ROAD WOOLSTON SOUTHAMPTON. HUDSON SHARP PNEUMATICALLY ACTUATED GUSSET PREHEATER MODEL MS-GP-1400 S/NO 2647-01 LOCATION SPITFIRE HOUSE HAZEL ROAD WOOLSTON SOUTHAMPTON. FOR DETAILS OF FURTHER CHATTELS CHARGED PLEASE REFER TO FORM 395SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	FIXED CHARGE ON PURCHASED DEBTS WHICH FAIL TO VEST
Date Charge Created:	11/02/05
Date Charge Registered:	12/02/05
Date Charge Satisfied:	13/01/12
Status:	SATISFIED
Person(s) Entitled:	HSBC INVOICE FINANCE (UK) LTD (THE SECURITY HOLDER)
Amount Secured:
Details:	BY WAY OF FIXED EQUITABLE CHARGE ALL DEBTS PURCHASED OR PURPORTED TO BE PURCHASED BY THE SECURITY HOLDER PURSUANT TO ANAGREEMENT FOR THE PURCHASE OF DEBTS BETWEEN THE SECURITY HOLDER AND THE COMPANY(INCLUDING ASSOCIATED RIGHTS RELATING THERETO) WHICH FAIL TO VEST EFFECTIVELY OR ABSOLUTELY IN THE SECURITY HOLDER FOR ANY REASON

Mortgage Type:	FLOATING CHARGE (ALL ASSETS)
Date Charge Created:	11/02/05
Date Charge Registered:	12/02/05
Date Charge Satisfied:	24/01/12
Status:	SATISFIED
Person(s) Entitled:	HSBC INVOICE FINANCE (UK) LTD (THE SECURITY HOLDER)
Amount Secured:
Details:	BY WAY OF FLOATING CHARGE ALL THE UNDERTAKING OF THE COMPANY AND ALL ASSETS WHATSOEVER AND WHERESOEVER INCLUDING STOCK IN TRADE AND UNCALLED CAPITAL BUT EXCLUDING ANY DEBTS AND ASSOCIATED RIGHTS RELATING THERETO
Mortgage Type:	CHATTEL MORTGAGE
Date Charge Created:	10/05/04
Date Charge Registered:	14/05/04
Date Charge Satisfied:	13/01/12
Status:	SATISFIED
Person(s) Entitled:	LOMBARD NORTH CENTRAL PLC
Amount Secured:
Details:	MACCHI S.P.A. - 3 LAYER COEXTRUSION LINE S/N 02094, MACHI S.P.A. - BUBBLE GUIDES/N 02098 LLOYDS TSBBANK PLC

Mortgage Type:	FIXED CHARGE
Date Charge Created:	01/04/04
Date Charge Registered:	02/04/04
Date Charge Satisfied:	03/12/09
Status:	SATISFIED
Person(s) Entitled:	LLOYDS UDT LIMITED
Amount Secured:	£81,925.90 AND ALL OTHER MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
Details:	A FIRST FIXED CHARGE OVER DESCRIPTION OF GOODS 1 X PS-3401 80" DRIVEN UNWIND BACK SEAM AND FORMER STATION COMPRISING: REM MODEL \4510-43 (REWIND) S/N M23-08.15RO-AN UNWIND S/N 031624-04 RO-AN FOLDINGSECTION S/N 031724-04 RO-AN BACK SEAM UNIT S/N 031824-04
Mortgage Type:	CHATTELS MORTGAGE
Date Charge Created:	05/03/04
Date Charge Registered:	06/03/04
Date Charge Satisfied:	13/01/12
Status:	SATISFIED
Person(s) Entitled:	HSBC ASSET FINANCE (UK) LIMITED & HSBC BANK EQUIPMENT FINANCE (UK) LIMITED
Amount Secured:
Details:	ALL AND SINGULAR THE CHATTELS PLANT MACHINERY AND THINGS DESCRIBED IN THE SCHEDULE HERETO OR ANY PART THEREOF- EXTRUDERPLASTEX 100/30D, S/NO:02092AAD343

Mortgage Type:	FIXED CHARGE
Date Charge Created:	13/02/04
Date Charge Registered:	21/02/04
Date Charge Satisfied:	03/12/09
Status:	SATISFIED
Person(s) Entitled:	LLOYDS UDT LIMITED
Amount Secured:	THE PRINCIPAL SUM OF £434,970.21 AND ALL OTHER MONIES DUE OR TO BECOME DUE FROMTHE COMPANY TO THE CHARGEE
Details:	1 X MACCHI 3 LAYER CO EXTRUSION LINE SERIAL NUMBER 02093
Mortgage Type:	FIXED CHARGE
Date Charge Created:	22/05/02
Date Charge Registered:	23/05/02
Date Charge Satisfied:	03/12/09
Status:	SATISFIED
Person(s) Entitled:	LLOYDS UDT LIMITED
Amount Secured:	THE PRINCIPAL SUM OF £127,805.40 AND ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
Details:	2 X MX600 VERTICAL BAILING MACHINE SERIAL NUMBER 4510PWT0402SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	CHATTELS MORTGAGE
Date Charge Created:	21/05/02
Date Charge Registered:	21/05/02
Date Charge Satisfied:	16/03/04
Status:	SATISFIED
Person(s) Entitled:	HSBC EQUIPMENT FINANCE (UK) LIMITED AND HSBC ASSET FINANCE (UK) LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	FLAT SACK MACHINE POLYLUX S/NO. 21.114,ARVOR 1494 KAS BOTTOM WELD BAG MACHINE S/NO. 10, GHIOLDI E75AP EXTRUDER S/NO. 1088 (FOR FULL DETAILS OF FURTHER CHATTELS CHARGED PLEASE REFER TO FORM 395)
Mortgage Type:	FIXED CHARGE
Date Charge Created:	28/08/01
Date Charge Registered:	29/08/01
Date Charge Satisfied:	16/03/04
Status:	SATISFIED
Person(s) Entitled:	LLOYDS UDT LIMITED
Amount Secured:	£60,000.00 AND ALL OTHER MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
Details:	1 X SAMTECH 80" SPINDLE WINDER MODEL 958 SERIAL NO 95542 AND 1 X SAMTECH 80" BAG MACHINE MODEL 0418HSERIAL NO 85613

Mortgage Type:	DEBENTURE
Date Charge Created:	20/12/99
Date Charge Registered:	30/12/99
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC 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:	FIXED CHARGE
Date Charge Created:	15/03/99
Date Charge Registered:	16/03/99
Date Charge Satisfied:	16/03/04
Status:	SATISFIED
Person(s) Entitled:	LLOYDS BOWMAKER LIMITED
Amount Secured:	£43,158.24 DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
Details:	EQUIPMENT FOR LAYING THE SIDE FOLDS ANDEMBOSSING A TUBULAR FILM AS A COMPLETE RACK SERIAL NO. 98779COMPRISING :- 1 X RACK; 1 X REVERSING SYSTEM AT THE TOP OFTHE RACK; 1 X FRAME PART; GUIDE ROLLERSFORINNER TOOLS ETC (FOR DETAILS OF FURTHER CHATTELS PLEASE REFER TO FORM 395) SEE THE MORTGAGE CHARGEDOCUMENT FOR FULL DETAILS

Mortgage Type:	FIXED CHARGE
Date Charge Created:	13/11/98
Date Charge Registered:	14/11/98
Date Charge Satisfied:	16/03/04
Status:	SATISFIED
Person(s) Entitled:	LLOYDS BOWMAKER LIMITED
Amount Secured:	£102,636.48 AND ALL OTHER MONIES DUE ORTO BECOME DUE FROM THE COMPANY T0 THE CHARGEE UNDER THE TERMSOF THE CHARGE
Details:	FIRST FIXED CHARGE OVER 1 X 4 COLOR PRINTER SERIAL NO. LL-4-5:59263. 1 X MACPLAS REPROCESSING LINE FOR PIPE INCLUDING WATER COOLING TANK CUTTING DEVICE & TAKE OFF UNIT SERIAL NO. PWA264M3 CY-80. 1 X SCRAP TO PELLET RECYCLING LINE WITH 2 XINWARDING ROLLERS SERIAL NO. RP-120:870041. AND 1 X POST GUSSETING SYSTEM SERIAL NO. YHD-1000W:980611 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	CHATTEL MORTGAGE
Date Charge Created:	30/10/96
Date Charge Registered:	06/11/96
Date Charge Satisfied:	16/03/04
Status:	SATISFIED
Person(s) Entitled:	LOMBARD NORTH CENTRAL PLC
Amount Secured:	FOR SECURING £95400 AND ALL OTHER MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
Details:	GHIOLDI E-75-AP EXTRUDER SERIAL NO. - 1088 DATE OF MANUFACTURE 1996

Mortgage Type:	CHATTELS MORTGAGE
Date Charge Created:	05/08/96
Date Charge Registered:	05/08/96
Date Charge Satisfied:	16/03/04
Status:	SATISFIED
Person(s) Entitled:	FORWARD TRUST LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ONE NEW MAC-PAC MP.85V (VENTED) PLASTICFILM RECYCLING PELLETIZER, SERIAL NUMBER 98149; ONE NEW MAC-PAC EDGE TRIM RECYCLING UNIT, SERIAL NUMBER 75419
Mortgage Type:	FIXED CHARGE
Date Charge Created:	18/03/96
Date Charge Registered:	20/03/96
Date Charge Satisfied:	09/02/01
Status:	SATISFIED
Person(s) Entitled:	LLOYDS BOWMAKER LIMITED
Amount Secured:	£146,402.13 DUE FROM THE COMPANY TO THECHARGEE UNDER THE TERMS OF THIS CHARGE
Details:	1XFLAT SACK MACHINE POLYLUX SERIAL NUMBER:21.114

Mortgage Type:	FIXED CHARGE
Date Charge Created:	21/11/94
Date Charge Registered:	23/11/94
Date Charge Satisfied:	16/03/04
Status:	SATISFIED
Person(s) Entitled:	LLOYDS BOWMAKER LIMITED
Amount Secured:	£59,850.00 DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF THE CHARGE
Details:	1 X USED MAM 63.5MM COMPLETE BLOWN FILMLINE TYPE ES/KB/Z635 SERIAL NO 5050-4.5INCH ROTATING DIE ANDLD/HD COOLING RING 10000MM WORKING WEB WIDTH. 1 X USED MAM 63.5MM COMPLETE BLOWN FILM LINE TYPE ES/KB/Z635 SERIAL NO. 4685-4.5 INCH ROTATING DIE HEAD WITH LD/HD COOLING RING 10000MM WORKING WEB WIDTH
Mortgage Type:	CREDIT AGREEMENT
Date Charge Created:	15/02/93
Date Charge Registered:	18/02/93
Date Charge Satisfied:	15/11/94
Status:	SATISFIED
Person(s) Entitled:	CLOSE BROTHERS LIMITED
Amount Secured:	£21,194.75 DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF THE CHARGE
Details:	ALL ITS RIGHT TITLE AND INTEREST IN ANDTO ALL SUMS PAYABLE UNDER THE POLICIES OF INSURANCES AS LISTED ON THE FORM 395

Mortgage Type:	CREDIT AGREEMENT
Date Charge Created:	13/02/92
Date Charge Registered:	19/02/92
Date Charge Satisfied:	15/11/94
Status:	SATISFIED
Person(s) Entitled:	CLOSE BROTHERS LIMITED
Amount Secured:	£19340.10 DUE FROM THE COMPANY TO THE CHARGEE PURSUANT TO THE TERMS OF THE AGREEMENT
Details:	ALL THE COMPANY\S RIGHT TITLE AND INTEREST IN AND TO ALL SUMS PAYABLE (PLEASE SEE DOC FOR FULL DETAILS)
Mortgage Type:	SINGLE DEBENTURE
Date Charge Created:	16/11/90
Date Charge Registered:	21/11/90
Date Charge Satisfied:	16/03/04
Status:	SATISFIED
Person(s) Entitled:	LLOYDS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	(INCLUDING TRADE FIXTURES) FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY

Previous Director/Company Secretaries

Name	Current Active Appointments	Previous Appointments	Dissolved Companies
Tej Pal Kaur Mehta	3	4	3
Tej Pal Kaur Mehta	3	4	3
Gurjinder Singh Mehta	3	1	2
Vrind Pal Mehta	3	1	2
Preet Pal Babna Kaur Athwal	4	2	2
Preet Pal Babna Kaur Athwal	4	2	2
Vijinder Singh Mehta	2	1	1

Total Persons With Significant Control	2	Total Statements	0
Active	1	Active	0
Ceased	1	Ceased	0

Active Persons With Significant Control

Name	Siva Holdings Limited	Kind	Corporate Entity With Significant Control
Address	Spitfire House Hazel Road, Woolston, Southampton, Hampshire	Notified On	06/04/2016
Post Code	SO19 7GB	Legal Form	Company Limited By Shares
Authority	England And Wales	Place Registered	Companies House
Country Registered	England	Registration Number	01439398
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

Name	Ms Preet Pal Babna Kaur Athwal	Kind	Individual Person With Significant Control
Address	Spitfire House, Hazel Road, Woolston, Southampton	Country Of Residence	England
Post Code	SO19 7GB	Nationality	British
Date of Birth	06/1973	Notified On	15/12/2016
Nature Of Control	Significant Influence Or Control,Significant Influence Or Control As Firm	Ceased On	31/05/2017

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 67.22
UK Pound	1	INR 90.88
Euro	1	INR 80.09
GBP	1	INR 91.59

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

INFORMATION DETAILS

Analysis Done by :	PRA
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.