MIRA INFORM REPORT

Report No. :	509390
Report Date :	19.05.2018

IDENTIFICATION DETAILS

Name :	PROBIOTICS INTERNATIONAL LIMITED
Formerly Known As :	· USBORNE PORT SERVICES LIMITED · EXMOUTH PORT SERVICES COMPANY LIMITED
Registered Office :	Lopen Head, South Petherton, Ta13 5jh
Country :	United Kingdom
Financials (as on) :	31.07.2017
Date of Incorporation :	16.07.1973
Com. Reg. No.:	01122942
Legal Form :	Private limited with Share Capital
Line of Business :	· Manufacture and distribution of probiotic animal and human healthcare Products in both domestic and overseas markets · Manufacture of other food products n.E.C
No. of Employees :	132

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 Name and address

Company Name: PROBIOTICS INTERNATIONAL LIMITED

Company No: 01122942

Registered Address: PROBIOTICS INTERNATIONAL LIMITED LOPEN HEAD

SOUTH PETHERTON TA13 5JH

Company Summary

Registered Address PROBIOTICS INTERNATIONAL LIMITED
LOPEN HEAD
SOUTH PETHERTON
TA13 5JH

Trading Address Probiotics International Ltd
Lopenhead
South Petherton
Somerset
TA13 5JH

Website Address http://www.protexin.com

Telephone Number 01460243230

Fax Number

TPS No

FPS Yes

Incorporation Date 16/07/1973

Previous Name USBORNE PORT SERVICES LIMITED

Type Private limited with Share Capital

FTSE Index -

Date of Change 03/09/1992

Filing Date of Accounts 23/02/2018

Currency GBP

Share Capital £103,434

SIC07 10890

Charity Number -

SIC07 Description MANUFACTURE OF OTHER FOOD PRODUCTS N.E.C.

Principal Activity Manufacture and distribution of probiotic animal and human healthcare

products in both domestic and overseas markets.

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company INTERIOR DESIGN LTD

Accountant -

Mortgages 4

Trade Debtors -

Group 8 companies

Linkages 1942 companies

Countries In 24 countries

Key Financials

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

31/07/2017 £32,782,291 £7,763,018 £22,746,429 132

31/07/2016 £26,912,049 £6,600,911 £17,046,580 125

31/07/2015 £24,258,288 £5,642,692 £14,402,065 107

Mortgage Summary

Total Mortgage 4

Outstanding 2

Satisfied 2

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 1

Total Value of Documented Trade £112

Commentary

This company's ratio of total liabilities to total assets indicates the presence of strong equity funding.

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

The company has more cash than short term bank borrowings.

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 -	-

Back to Top

Show More

Total Current Directors	5	Total Current Secretaries	1
Total Previous Directors / Company Secretaries	16	Total Person's With Significant Control	1

Current Directors

Title	Mr	Function	Director
Name	Toby Michael Lewis	Nationality	British
Date of Birth	03/1959	Present Appointments	1
Latest Address	2 The Old School, Pound Lane, Ilminster, Somerset	Appointment Date	01/07/2000
Post Code	TA19 9QS
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report	View Compliance Report
Title	Mr	Function	Director
Name	Jonathan Richard Sowler	Nationality	British
Date of Birth	07/1975	Present Appointments	1
Latest Address	Probiotics International Limited Lopen Head, South Petherton, Somerset	Appointment Date	01/08/2002
Post Code	TA13 5JH
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report	View Compliance Report

Title	Mr	Function	Director
Name	John David Melling	Nationality	British
Date of Birth	10/1971	Present Appointments	15
Latest Address	Probiotics International Limited Lopen Head, South Petherton, Somerset	Appointment Date	07/08/2000
Post Code	TA13 5JH
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report	View Compliance Report
Title	Ms	Function	Director
Name	Aileen Angela Lockington	Nationality	Irish
Date of Birth	05/1975	Present Appointments	1
Latest Address	Probiotics International Limited Lopen Head, South Petherton, Somerset	Appointment Date	21/08/2003
Post Code	TA13 5JH
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report	View Compliance Report

Title	Mr	Function	Director
Name	Toby Michael Lewis	Nationality	British
Date of Birth	03/1959	Present Appointments	3
Latest Address	Probiotics International Limited Lopen Head, South Petherton, Somerset	Appointment Date	01/07/2000
Post Code	TA13 5JH
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report	View Compliance Report

Current Company Secretary

Title	Mr	Function	Company Secretary
Name	John David Melling	Nationality	British
Date of Birth	10/1971	Present Appointments	17
Latest Address	Probiotics International Limited Lopen Head, South Petherton, Somerset	Appointment Date	29/07/2005
Post Code	TA13 5JH
Other Actions		View Consumer Report	View Trace Report
	View Compliance Report

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
TITHEBARN LTD	GBP	103,434	ORDINARY	1	100
1

Financials

Profit & Loss

	Date Of Accounts	31/07/17	(%)	31/07/16	(%)	31/07/15	(%)	31/07/14	(%)	31/07/13
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
	Turnover	£32,782,291	21.8%	£26,912,049	10.9%	£24,258,288	25.7%	£19,300,023	25.5%	£15,382,157
	Export	£19,829,486	26.1%	£15,729,015	4.3%	£15,086,335	35.5%	£11,135,162	27%	£8,767,487
	Cost of Sales	£12,152,477	0.6%	£12,074,182	6.9%	£11,299,984	23.2%	£9,174,507	15.8%	£7,923,688
	Gross Profit	£20,629,814	39%	£14,837,867	14.5%	£12,958,304	28%	£10,125,516	35.8%	£7,458,469
	Wages & Salaries	£7,846,299	27.2%	£6,166,357	21.9%	£5,059,191	28.7%	£3,930,855	22.2%	£3,216,944
	Directors Emoluments	£2,819,300	43.6%	£1,962,985	24.1%	£1,581,960	45.1%	£1,090,489	41.5%	£770,767
	Operating Profit	£7,761,126	16.4%	£6,664,872	16.5%	£5,721,983	50.1%	£3,811,352	50.4%	£2,534,296
	Depreciation	£708,808	33.7%	£530,148	4%	£509,610	9%	£467,738	1.2%	£462,366
	Audit Fees	£10,000	3.1%	£9,700	2.5%	£9,460	-	-	-	-
	Interest Payments	£8,763	-88.4%	£75,632	-8%	£82,183	-16.2%	£98,052	-12.3%	£111,851
	Pre Tax Profit	£7,763,018	17.6%	£6,600,911	17%	£5,642,692	51.9%	£3,714,070	53.3%	£2,422,445
	Taxation	-£1,463,169	-16.5%	-£1,256,394	-19.1%	-£1,054,777	-40.8%	-£748,968	-70.7%	-£438,760
	Profit After Tax	£6,299,849	17.9%	£5,344,517	16.5%	£4,587,915	54.7%	£2,965,102	49.5%	£1,983,685
	Dividends Payable	£600,000	-77.8%	£2,700,000	671.4%	£350,000	7.7%	£325,000	8.3%	£300,000
	Retained Profit	£5,699,849	115.5%	£2,644,517	-37.6%	£4,237,915	60.5%	£2,640,102	56.8%	£1,683,685

Balance Sheet

	Date Of Accounts	31/07/17	(%)	31/07/16	(%)	31/07/15	(%)	31/07/14	(%)	31/07/13
	Tangible Assets	£7,790,506	42.9%	£5,450,164	13.9%	£4,785,706	-1.4%	£4,855,217	2.6%	£4,730,911
	Intangible Assets	£1,746,639	-12%	£1,984,918	-10.9%	£2,228,927	-4.8%	£2,342,225	-2.6%	£2,403,994
	Total Fixed Assets	£9,537,145	28.3%	£7,435,082	6%	£7,014,633	-2.5%	£7,197,442	0.9%	£7,134,905
	Stock	£4,083,132	40.6%	£2,903,991	7.2%	£2,707,777	55.6%	£1,740,265	8%	£1,611,851
	Trade Debtors	£6,106,203	22.3%	£4,992,962	15.7%	£4,315,525	-0.3%	£4,327,944	16.7%	£3,707,242
	Cash	£6,704,376	-6.6%	£7,179,089	52.9%	£4,695,661	156.7%	£1,829,472	139.6%	£763,502
	Other Debtors	£2,127,170	29.8%	£1,638,890	16.4%	£1,408,081	140.9%	£584,458	68%	£347,841
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£19,020,881	13.8%	£16,714,932	27.3%	£13,127,044	54.8%	£8,482,139	31.9%	£6,430,436
	Trade Creditors	£2,130,587	44.2%	£1,477,751	81.8%	£812,776	-24.3%	£1,074,108	48%	£725,979
	Bank Loans & Overdrafts	0	-100%	£2,055,148	949.1%	£195,899	1.1%	£193,746	-85.5%	£1,336,844
	Other Short Term Finance	£12,353	7.2%	£11,521	-17.9%	£14,032	-78.4%	£64,856	-69.7%	£214,065
	Miscellaneous Current Liabilities	£3,649,732	3.5%	£3,527,735	34.6%	£2,621,540	36.4%	£1,922,078	62.5%	£1,182,759
	Total Current Liabilities	£5,792,672	-18.1%	£7,072,155	94.1%	£3,644,247	12%	£3,254,788	-5.9%	£3,459,647
	Bank Loans & Overdrafts and LTL	£18,925	-99.1%	£2,086,427	-8.9%	£2,291,264	-6.6%	£2,454,389	-37.4%	£3,918,490
	Other Long Term Finance	£18,925	-39.5%	£31,279	-26.9%	£42,800	999.9%	£3,343	-95.1%	£68,199
	Total Long Term Liabilities	£18,925	-39.5%	£31,279	-98.5%	£2,095,365	-7.3%	£2,260,643	-12.4%	£2,581,646

.

Capital & Reserves

	Date Of Accounts	31/07/17	(%)	31/07/16	(%)	31/07/15	(%)	31/07/14	(%)	31/07/13
	Called Up Share Capital	£103,434	-	£103,434	-	£103,434	-	£103,434	-	£103,434
	P & L Account Reserve	£22,642,995	33.6%	£16,943,146	18.5%	£14,298,631	42.1%	£10,060,716	35.6%	£7,420,614
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	-	-	-	-	-	-	-	-	-
	Shareholder Funds	£22,746,429	33.4%	£17,046,580	18.4%	£14,402,065	41.7%	£10,164,150	35.1%	£7,524,048

Other Financial Items

	Date Of Accounts	31/07/17	(%)	31/07/16	(%)	31/07/15	(%)	31/07/14	(%)	31/07/13
	Net Worth	£20,999,790	39.4%	£15,061,662	23.7%	£12,173,138	55.6%	£7,821,925	52.8%	£5,120,054
	Working Capital	£13,228,209	37.2%	£9,642,777	1.7%	£9,482,797	81.4%	£5,227,351	76%	£2,970,789
	Total Assets	£28,558,026	18.3%	£24,150,014	19.9%	£20,141,677	28.5%	£15,679,581	15.6%	£13,565,341
	Total Liabilities	£5,811,597	-18.2%	£7,103,434	23.8%	£5,739,612	4.1%	£5,515,431	-8.7%	£6,041,293
	Net Assets	£22,746,429	33.4%	£17,046,580	18.4%	£14,402,065	41.7%	£10,164,150	35.1%	£7,524,048

Cash Flow

	Date Of Accounts	31/07/17	(%)	31/07/16	(%)	31/07/15	(%)	31/07/14	(%)	31/07/13
	Net Cashflow from Operations	-	-	-	-	£4,971,032	19.9%	£4,146,296	64.8%	£2,515,706
	Net Cashflow before Financing	-	-	-	-100%	£3,080,138	21.5%	£2,534,607	170.5%	£937,110
	Net Cashflow from Financing	-	-	-	-	-£199,670	19.3%	-£247,355	-5.8%	-£233,862
	Increase in Cash	-	-	-	-	£2,880,468	25.9%	£2,287,252	225.2%	£703,248

Miscellaneous

	Date Of Accounts	31/07/17	(%)	31/07/16	(%)	31/07/15	(%)	31/07/14	(%)	31/07/13
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
	Capital Employed	£22,765,354	33.3%	£17,077,859	3.5%	£16,497,430	32.8%	£12,424,793	22.9%	£10,105,694
	Number of Employees	132	5.6%	125	16.8%	107	13.8%	94	4.4%	90
	Accountants
	Auditors	BWM
	Auditor Comments	The audit report contains no adverse comments
	Bankers	NATIONAL WESTMINSTER BANK PLC
	Bank Branch Code	60-15-29

Ratios

	Date Of Accounts	31/07/17	31/07/16	31/07/15	31/07/14	31/07/13
	Pre-tax profit margin %	23.68	24.53	23.26	19.24	15.75
	Current ratio	3.28	2.36	3.60	2.61	1.86
	Sales/Net Working Capital	2.48	2.79	2.56	3.69	5.18
	Gearing %	0.10	12.20	15.90	24.10	52.10
	Equity in %	84.80	76.90	80.40	76.20	67.40
	Creditor Days	23.65	19.98	12.19	20.25	17.17
	Debtor Days	67.80	67.53	64.75	81.62	87.72
	Liquidity/Acid Test	2.57	1.95	2.85	2.07	1.39
	Return On Capital Employed %	34.10	38.65	34.20	29.89	23.97
	Return On Total Assets Employed %	27.18	27.33	28.01	23.68	17.85
	Current Debt Ratio	0.25	0.41	0.25	0.32	0.45
	Total Debt Ratio	0.25	0.41	0.39	0.54	0.80
	Stock Turnover Ratio %	12.45	10.79	11.16	9.01	10.47
	Return on Net Assets Employed %	34.12	38.72	39.17	36.54	32.19

Event History View Documents

Date	Description
05/03/2018	Confirmation Statement
01/03/2018	Payment Data Update Received
01/03/2018	Payment Data Update Received
28/02/2018	Payment Data Update Received
28/02/2018	New Accounts Filed
13/04/2017	Payment Data Update Received
12/04/2017	New Accounts Filed
12/04/2017	New Accounts Filed
28/02/2017	Annual Returns
23/02/2016	Annual Returns
12/02/2016	New Accounts Filed
03/03/2015	Annual Returns
30/12/2014	New Accounts Filed
30/12/2014	New Accounts Filed
22/02/2014	Annual Returns

Previous Company Names

Date	Previous Name
03/09/1992	USBORNE PORT SERVICES LIMITED
31/12/1981	EXMOUTH PORT SERVICES COMPANY LIMITED

Writ Details

No writs found

Statistics

Group	8 companies
Linkages	1942 companies
Countries	In 24 countries

Summary

Holding Company	TITHEBARN LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	INTERIOR DESIGN LTD

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
INTERIOR DESIGN LTD	N/A	-	-
TITHEBARN LIMITED	00300375	31.07.2017	Y	£40,133,372
BELMIN LIMITED	00509295	31.07.2017	N
PROBIOTICS INTERNATI...	01122942	31.07.2017	N	£32,782,291
THE HEALTHY BOWELS...	03850471	31.07.2017	N
BIOKULT LIMITED	03955516	31.07.2017	N
CAMBRIDGE BIOCEUTI...	04067625	31.07.2017	N
TAYLINGS LIMITED	00794491	31.07.2017	N

Statistics

Group	8 companies
Linkages	1942 companies
Countries	In 24 countries

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BARCLAYS PLC	00048839	31.12.2016	£27,257,000,000
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LLOYDS BANKING GROUP PLC	SC095000	31.12.2017	£40,713,000,000
BANK OF SCOTLAND PLC	SC327000	31.12.2017	£10,171,000,000
HBOS PLC	SC218813	31.12.2017	£10,225,000,000
LLOYDS BANK SUBSIDIARIES LIMITED	00117008	31.12.2017
SCOTTISH WIDOWS LIMITED	MI1671673	-
LLOYDS BANK PLC	00002065	31.12.2017	£21,865,000,000
COMMERZBANK AG	MI1288226	-
SCOTTISH WIDOWS GROUP LIMITED	SC199547	31.12.2017	£811,413,000
LSF LOAN SOLUTIONS FRANKFURT GMBH	HRB 105389	31.12.2015	€2,166,000,000
BARCLAYS CAPITAL SECURITIES LIMITED	01929333	31.12.2017	£1,004,483,000
GALLAGHER HOLDINGS (UK) LIMITED	05933192	31.12.2016
HALIFAX LIFE LIMITED	02233654	31.12.2017	£4,572
BLACK HORSE LIMITED	00661204	31.12.2016	£30,219,000
BLACK HORSE GROUP LIMITED	02498806	31.12.2016	£6,010,000
HLG HOLDINGS LIMITED	05443995	31.12.2016
H&F NUGENT 3 LIMITED	SC427107	31.12.2016
H&F NUGENT 4 LIMITED	SC427111	31.12.2016	£150,000
ARTHUR J. GALLAGHER HOLDINGS (UK) LIMITED	06578719	31.12.2016

Mortgage Details

Mortgage Type:	ALL ASSETS DEBENTURE
Date Charge Created:	22/08/11
Date Charge Registered:	24/08/11
Date Charge Satisfied:	20/05/17
Status:	SATISFIED
Person(s) Entitled:	RBS INVOICE FINANCE LIMITED;
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 SEE IMAGEFOR FULL DETAILS
Mortgage Type:	LEGAL CHARGE
Date Charge Created:	02/04/09
Date Charge Registered:	07/04/09
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:	LAND AT LOPEN HEAD SOUTH PETHERTON SOMERSET BEING ALL THE LAND TRANSFERRED BY ATRANSFER BY WAY OF FIXED CHARGE, THE BENEFIT OF ALL COVENANTS & RIGHTS CONCERNING THE PROPERTY & ALL PLANT MACHINERY, FIXTURES, FITTINGS, FURNITURE, EQUIPMENT,IMPLEMENTS & UTENSILS. THE GOODWILL OF ANY BUSINESS CARRIED ONAT THE PROPERTY & THE PROCEEDS OF ANY INSURANCE AFFECTING THE PROPERTY OR ASSETS

Mortgage Type:	DEBENTURE
Date Charge Created:	24/11/06
Date Charge Registered:	01/12/06
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:	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:	DEBENTURE
Date Charge Created:	01/11/05
Date Charge Registered:	05/11/05
Date Charge Satisfied:	25/04/07
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

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	1		£112
Company Name		Amount		Statement Date
M & T Bell Limited		£112		27/11/2014

Previous Director/Company Secretaries

Name	Current Active Appointments		Previous Appointments	Dissolved Companies
William John Aiken	5		91	91
William John Aiken	5		91	91
Noel Melville Stephens	0		49	14
Noel Melville Stephens	0		49	14
David William Frame	0		20	2
Peter Alan Saunders	0		10	2
Peter Alan Saunders	0		10	2
Gordon Stewart Fraser	2		3	6
Gordon Stewart Fraser	2		3	6
Colin Henry Rushmere	0		1	1
Terence Frederick King	0		22	8
Karin Hamilton	0		4	2
Michael James Adams	3		27	4
James William Sowler	0		5	3
Richard John Endacott	0		19	2
Richard John Endacott	0		19	2
Total Persons With Significant Control	1	Total Statements		0
Active	1	Active		0
Ceased	0	Ceased		0

Active Persons With Significant Control

Name	Tithebarn Limited	Kind	Corporate Entity With Significant Control
Address	Road 5 Road Five, Winsford Industrial Estate, Winsford	Notified On	01/06/2016
Post Code	CW7 3PG	Legal Form	Private Company Limited By Shares
Authority	Companies Act 2006	Place Registered	England And Wales Companies Registry
Country Registered	United Kingdom	Registration Number	00300375
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

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 67.96
UK Pound	1	INR 91.88
Euro	1	INR 80.26
GBP	1	INR 91.58

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

INFORMATION DETAILS

Analysis Done by :	VIV
Report Prepared by :	KET

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.