MIRA INFORM REPORT

Report No. :	510042
Report Date :	19.05.2018

IDENTIFICATION DETAILS

Name :	PENNY & GILES CONTROLS LIMITED
Formerly Known As :	· PENNY AND GILES BLACKWOOD LIMITED · PENNY & GILES CONDUCTIVE PLASTICS LIMITED
Registered Office :	15 Enterprise Way, Aviation Park We Christchurch Bh23 6hh
Country :	United Kingdom
Financials (as on) :	31.12.2016
Date of Incorporation :	01.04.1965
Com. Reg. No.:	00843903
Legal Form :	Private limited with Share Capital
Line of Business :	· Manufacture and sale of a range of systems controllers and sensors for the aerospace, industrial and medical markets. · Manufacture Of Other Electrical Equipment
No. of Employees :	477

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 :	Excellent
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: PENNY & GILES CONTROLS LIMITED

Company No: 00843903

Registered Address: 15 ENTERPRISE WAY, AVIATION PARK WE CHRISTCHURCH BH23 6HH

Company Summary

Registered Address 15
ENTERPRISE WAY, AVIATION PARK WE
CHRISTCHURCH
BH23 6HH

Trading Address 15
Enterprise Way, Aviation Park We
Christchurch
Dorset BH23 6HH
BH23 6HH

Website Address http://www.cw-industrialgroup.com

Telephone Number 01495202000

Fax Number

TPS No

FPS Yes

Incorporation Date 01/04/1965

Previous Name PENNY AND GILES BLACKWOOD LIMITED

Type Private limited with Share Capital

FTSE Index -

Date of Change 01/12/1997

Filing Date of

Accounts 28/09/2017

Currency GBP

Share Capital £3,240,000

SIC07 27900

Charity Number -

SIC07 Description MANUFACTURE OF OTHER ELECTRICAL EQUIPMENT

Principal Activity Manufacture and sale of a range of systems controllers and sensors for the aerospace, industrial and medical markets.

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company -

Accountant -

Mortgages 9

Trade Debtors -

Group 14 companies

Linkages 55 companies

Countries In 12 countries

Key Financials

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

31/12/2016 £87,853,000 £13,878,000 £61,998,000 477

31/12/2015 £79,396,000 £11,113,000 £52,880,000 488

31/12/2014 £76,980,000 £6,613,000 £44,971,000 506

Mortgage Summary

Total Mortgage 9

Outstanding 1

Satisfied 8

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 3

Total Value of Documented Trade £7,062

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 -	-

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Total Current Directors	7	Total Current Secretaries	5
Total Previous Directors / Company Secretaries	27	Total Person's With Significant Control	1

Current Directors

Title	Mr	Function	Director
Name	Glenn Edward Tynan	Nationality	American
Date of Birth	09/1958	Present Appointments	11
Latest Address	13925 Ballantyne Corporate Place, Suite 400, Charlotte, North Carolina	Appointment Date	28/04/2006
Post Code	28277
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report	View Compliance Report
Title	Mr	Function	Director
Name	Robert Shaw	Nationality	American
Date of Birth	02/1952	Present Appointments	9
Latest Address	13925 Ballantyne Corporate Place, Suite 400, Charlotte, North Carolina	Appointment Date	01/04/2002
Post Code	28277
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report	View Compliance Report

Title	Mr	Function	Director
Name	Jason Karl Watkins	Nationality	British
Date of Birth	04/1966	Present Appointments	2
Latest Address	16 Manor Park, Newbridge, Gwent	Appointment Date	22/11/2002
Post Code	NP11 4RS
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report	View Compliance Report
Title	Mr	Function	Director
Name	Kevin Rayment	Nationality	British
Date of Birth	01/1969	Present Appointments	3
Latest Address	Stem Cottage, Bashley Cross Road, New Milton, Hampshire	Appointment Date	28/04/2006
Post Code	BH25 5SZ
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report	View Compliance Report

Title	Mr	Function	Director
Name	Graham Paul MacDonald	Nationality	British
Date of Birth	06/1967	Present Appointments	1
Latest Address	32961 Arrowhead Drive, Trabuco Canyon, California	Appointment Date	11/01/2012
Post Code	92679
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report	View Compliance Report
Title	Mr	Function	Director
Name	Nigel Paul Jones	Nationality	British
Date of Birth	03/1968	Present Appointments	2
Latest Address	15 Airfield Road, Christchurch, Dorset	Appointment Date	30/04/2013
Post Code	BH23 3TG
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report	View Compliance Report

Title	Mr	Function	Director
Name	Andrew Robert Thornton	Nationality	British
Date of Birth	08/1967	Present Appointments	2
Latest Address	1 Airfield Road, Christchurch, Dorset	Appointment Date	05/03/2014
Post Code	BH23 3TH
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	Robert Shaw	Nationality	American
Date of Birth	02/1952	Present Appointments	19
Latest Address	13925 Ballantyne Corporate Place, Suite 400, Charlotte, North Carolina	Appointment Date	01/04/2002
Post Code	28277
Other Actions		View Consumer Report	View Trace Report
	View Compliance Report
Title		Function	Company Secretary
Name	REED SMITH CORPORATE SERVICES LIMITED	Nationality	British
Date of Birth	-	Present Appointments	295
Latest Address	The Broadgate Tower 3rd Floor, 20 Primrose Street, London	Appointment Date	08/07/2009
Post Code	EC2A 2RS
Other Actions		View Consumer Report	View Trace Report
	View Compliance Report

Title	Mr	Function	Company Secretary
Name	Harry Jakubowitz	Nationality
Date of Birth	-	Present Appointments	8
Latest Address	10 Waterview Blvd., Parsippany, New Jersey, Nj 07054	Appointment Date	24/02/2003
Post Code
Other Actions		View Consumer Report	View Trace Report
	View Compliance Report
Title	Mr	Function	Company Secretary
Name	Marc S O'Casal	Nationality
Date of Birth	-	Present Appointments	1
Latest Address	64 Sparrow Lane, Pearl River, New York	Appointment Date	20/10/2011
Post Code	NY 10965
Other Actions		View Consumer Report	View Trace Report
	View Compliance Report

Title	Mr	Function	Company Secretary
Name	Paul Jude Ferdenzi	Nationality
Date of Birth	-	Present Appointments	1
Latest Address	10 Waterview Boulevard, 2nd Floor, Parsippany, New Jersey	Appointment Date	21/02/2014
Post Code	07054
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
CURTISS-WRIGHT CONTROLS (UK) LTD	GBP	3,240,000	ORDINARY	1	100
1

Financials

Profit & Loss

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
	Turnover	£87,853,000	10.7%	£79,396,000	3.1%	£76,980,000	0.6%	£76,498,000	74.5%	£43,835,000
	Export	£68,637,000	11%	£61,850,000	4.1%	£59,393,000	2.3%	£58,063,000	104.2%	£28,431,000
	Cost of Sales	£52,265,000	7.3%	£48,714,000	-1.6%	£49,507,000	-1.5%	£50,258,000	68.3%	£29,866,000
	Gross Profit	£35,588,000	16%	£30,682,000	11.7%	£27,473,000	4.7%	£26,240,000	87.8%	£13,969,000
	Wages & Salaries	£19,216,000	4.6%	£18,364,000	-5.9%	£19,516,000	2.3%	£19,069,000	42.4%	£13,388,000
	Directors Emoluments	£1,147,000	-1.9%	£1,169,000	-0.8%	£1,179,000	0.1%	£1,178,000	56.9%	£751,000
	Operating Profit	£14,418,000	23.4%	£11,683,000	61.7%	£7,225,000	-16.8%	£8,679,000	258.5%	£2,421,000
	Depreciation	£1,096,000	2.7%	£1,067,000	-5.3%	£1,127,000	-8.5%	£1,232,000	38.4%	£890,000
	Audit Fees	£71,000	-6.6%	£76,000	35.7%	£56,000	16.7%	£48,000	11.6%	£43,000
	Interest Payments	£2,297,000	161.9%	£877,000	7.2%	£818,000	-55.8%	£1,849,000	999.9%	£136,000
	Pre Tax Profit	£13,878,000	24.9%	£11,113,000	68%	£6,613,000	-20.3%	£8,294,000	211.1%	£2,666,000
	Taxation	-£2,550,000	-51.5%	-£1,683,000	-154.6%	-£661,000	66.2%	-£1,958,000	-174.6%	-£713,000
	Profit After Tax	£11,328,000	20.1%	£9,430,000	58.4%	£5,952,000	-6.1%	£6,336,000	224.4%	£1,953,000
	Dividends Payable	-	-	-	-	-	-	-	-	-
	Retained Profit	£11,328,000	20.1%	£9,430,000	58.4%	£5,952,000	-6.1%	£6,336,000	224.4%	£1,953,000

Balance Sheet

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Tangible Assets	£10,163,000	220.3%	£3,173,000	-75.5%	£12,932,000	70.3%	£7,592,000	-1.2%	£7,686,000
	Intangible Assets	£24,216,000	-5.9%	£25,746,000	-5.6%	£27,276,000	-5.3%	£28,805,000	-5%	£30,334,000
	Total Fixed Assets	£34,379,000	18.9%	£28,919,000	-28.1%	£40,208,000	10.5%	£36,397,000	-4.3%	£38,020,000
	Stock	£17,060,000	17.6%	£14,505,000	11.5%	£13,007,000	10.1%	£11,813,000	1.8%	£11,607,000
	Trade Debtors	£10,817,000	14.9%	£9,417,000	6%	£8,881,000	-0.9%	£8,959,000	12.8%	£7,945,000
	Cash	£21,635,000	0.8%	£21,471,000	35.5%	£15,851,000	108.5%	£7,603,000	84.8%	£4,114,000
	Other Debtors	£30,265,000	31.1%	£23,085,000	103.1%	£11,367,000	-1.2%	£11,508,000	3%	£11,177,000
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£79,777,000	16.5%	£68,478,000	39.4%	£49,106,000	23.1%	£39,883,000	14.5%	£34,843,000
	Trade Creditors	£12,553,000	89.1%	£6,638,000	17.8%	£5,635,000	11.8%	£5,040,000	-18.8%	£6,208,000
	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
	Other Short Term Finance	£5,120,000	19%	£4,301,000	24.6%	£3,451,000	186.2%	£1,206,000	-53.1%	£2,569,000
	Miscellaneous Current Liabilities	£7,042,000	38.8%	£5,073,000	-14.7%	£5,946,000	10%	£5,404,000	44.8%	£3,733,000
	Total Current Liabilities	£24,715,000	54.4%	£16,012,000	6.5%	£15,032,000	29%	£11,650,000	-6.9%	£12,510,000
	Bank Loans & Overdrafts and LTL	£27,443,000	-3.7%	£28,505,000	-2.7%	£29,311,000	1.4%	£28,914,000	-2.8%	£29,754,000
	Other Long Term Finance	£27,282,000	-	£27,282,000	-	£27,282,000	-	£27,282,000	-	£27,282,000
	Total Long Term Liabilities	£27,443,000	-3.7%	£28,505,000	-2.7%	£29,311,000	1.4%	£28,914,000	-2.8%	£29,754,000

.

Capital & Reserves

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Called Up Share Capital	£3,240,000	-	£3,240,000	-	£3,240,000	-	£3,240,000	-	£3,240,000
	P & L Account Reserve	£52,068,000	21.2%	£42,950,000	22.6%	£35,041,000	35.9%	£25,786,000	24.8%	£20,669,000
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	£6,690,000	-	£6,690,000	-	£6,690,000	-	£6,690,000	-	£6,690,000
	Shareholder Funds	£61,998,000	17.2%	£52,880,000	17.6%	£44,971,000	25.9%	£35,716,000	16.7%	£30,599,000

Other Financial Items

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Net Worth	£37,782,000	39.2%	£27,134,000	53.3%	£17,695,000	156%	£6,911,000	999.9%	£265,000
	Working Capital	£55,062,000	4.9%	£52,466,000	54%	£34,074,000	20.7%	£28,233,000	26.4%	£22,333,000
	Total Assets	£114,156,000	17.2%	£97,397,000	9.1%	£89,314,000	17.1%	£76,280,000	4.7%	£72,863,000
	Total Liabilities	£52,158,000	17.2%	£44,517,000	0.4%	£44,343,000	9.3%	£40,564,000	-4%	£42,264,000
	Net Assets	£61,998,000	17.2%	£52,880,000	17.6%	£44,971,000	25.9%	£35,716,000	16.7%	£30,599,000

Cash Flow

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

Miscellaneous

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
	Capital Employed	£89,441,000	9.9%	£81,385,000	9.6%	£74,282,000	14.9%	£64,630,000	7.1%	£60,353,000
	Number of Employees	477	-2.3%	488	-3.6%	506	999.9%	3	-	3
	Accountants
	Auditors	DELOITTE LLP
	Auditor Comments	The audit report contains no adverse comments
	Bankers	HSBC BANK PLC
	Bank Branch Code	40-17-22

Ratios

	Date Of Accounts	31/12/16	31/12/15	31/12/14	31/12/13	31/12/12
	Pre-tax profit margin %	15.80	14	8.59	10.84	6.08
	Current ratio	3.23	4.28	3.27	3.42	2.79
	Sales/Net Working Capital	1.60	1.51	2.26	2.71	1.96
	Gearing %	44.30	53.90	65.20	81	97.20
	Equity in %	68.90	73.80	72.50	75.20	71.90
	Creditor Days	52.01	30.43	26.64	23.98	51.55
	Debtor Days	44.81	43.17	41.99	42.62	65.97
	Liquidity/Acid Test	2.53	3.37	2.40	2.40	1.85
	Return On Capital Employed %	15.51	13.65	8.90	12.83	4.41
	Return On Total Assets Employed %	12.15	11.41	7.40	10.87	3.65
	Current Debt Ratio	0.39	0.30	0.33	0.32	0.40
	Total Debt Ratio	0.84	0.84	0.98	1.13	1.38
	Stock Turnover Ratio %	19.41	18.26	16.89	15.44	26.47
	Return on Net Assets Employed %	22.38	21.01	14.70	23.22	8.71

Event History View Documents

Date	Description
07/10/2017	New Accounts Filed
07/10/2017	New Accounts Filed
28/06/2017	Confirmation Statement
21/03/2017	Change in Reg.Office
21/03/2017	Change of Company Postcode
17/10/2016	New Accounts Filed
17/10/2016	New Accounts Filed
01/07/2016	Annual Returns
15/10/2015	New Accounts Filed
15/10/2015	New Accounts Filed
18/08/2015	Payment Data Update Received
07/07/2015	Annual Returns
07/10/2014	New Accounts Filed
07/10/2014	New Accounts Filed
05/07/2014	Annual Returns

Previous Company Names

Date	Previous Name
01/12/1997	PENNY AND GILES BLACKWOOD LIMITED
26/03/1987	PENNY & GILES CONDUCTIVE PLASTICS LIMITED

Statistics

Group	14 companies
Linkages	55 companies
Countries	In 12 countries

Summary

Holding Company	CURTISS-WRIGHT CONTROLS (UK) LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	CURTISS-WRIGHT CORP

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
CURTISS-WRIGHT CORP		-	-
CURTISS-WRIGHT CONTROL...	N/A	-	-
CURTISS-WRIGHT CONTR...	04348353	31.12.2016	N	£20,698,000
PENNY & GILES CONT...	00843903	31.12.2016	N	£87,853,000
PENNY & GILES AERO...	02336358	31.12.2016	N
ACRA CONTROL LIMITED	IE187296	31.12.2016	N	€19,905,762
PRIMAGRAPHICS (HOL...	03774448	31.12.2016	N
PRIMAGRAPHICS LIM...	01631263	31.12.2016	N	£21,592,759
CURTISS WRIGHT FLOW CO...		-	-	$140,140,000
CURTISS-WRIGHT FLOW...	04169258	31.12.2016	N	£5,359,000
CURTISS-WRIGHT NETHERL...	34183710	-	N
COMPONENT COATING AN...	02990705	31.12.2016	N	£6,599,577
DY 4 SYSTEMS INC	N/A	-	-
DY 4 SYSTEMS U.K. LTD	03090342	31.12.2016	N	£17,344,170

Statistics

Group	14 companies
Linkages	55 companies
Countries	In 12 countries

Other Linked Companies

Name	Number	Latest Key Financials	Turnover
EUROTECH S.P.A.	UD196115	31.12.2015	€14,095,000
PHÖNIX ARMATUREN-WERKE BREGEL GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG	HRB 1350	31.12.2009
STRACK GMBH	HRB 113906	30.06.2014	€15,164,482
CURTISS-WRIGHT CONTROLS AS	993075590	31.12.2016
DAUME REGELARMATUREN GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG	HRB 111206	30.06.2014
DAUME REGELARMATUREN GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG	HRB 120421	30.06.2014
PAW SARL	409171287	31.12.2015	€3,724,809
PHÖNIX ARMATUREN BETEILIGUNGS-GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG	HRB 1348	31.12.2016
PHÖNIX ARMATUREN-WERKE BREGEL GMBH	HRB 1731	31.12.2011
EXLAR EUROPE GMBH	HRB 237549	31.12.2016
CWFC PHÖNIX GROUP GMBH	HRB 1922	31.12.2016	€575,295
PENNY & GILES GMBH	HRB 3201	31.12.2016
EST GROUP B.V.	27339723	31.12.2015
CURTISS-WRIGHT NETHERLANDS B.V.	34183255	31.12.2016
CURTISS-WRIGHT SURFACE TECHNOLOGIES AB	5565556486	31.12.2016	59,520 KSEK
METAL IMPROVEMENT COMPANY, LLC	PC159485	-
SPECIALIST ELECTRONICS SERVICES LIMITED	02595180	31.12.2016
METAL IMPROVEMENT COMPANY LLC	3959557	-
METAL IMPROVEMENT COMPANY GMBH	6826383	-
CURTISS-WRIGHT ANTRIEBSTECHNIK GMBH	796846	-

Mortgage Details

Mortgage Type:	DEBENTURE
Date Charge Created:	21/07/02
Date Charge Registered:	03/08/02
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:	LEGAL MORTGAGE
Date Charge Created:	30/03/90
Date Charge Registered:	05/04/90
Date Charge Satisfied:	20/05/93
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/H PROPERTY K/A FACTORY PREMISES AT NEWBRIDGE ROAD PONTILLANFRAITH GWENT AND THE PROCEEDS OF SALE FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT

Mortgage Type:	CONFIRMATORY CHARGE
Date Charge Created:	04/07/88
Date Charge Registered:	14/07/88
Date Charge Satisfied:	20/05/93
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	FOR FURTHER SECURING ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE AN ANY ACCOUNTWHATSOEVER SUPPLEMENTAL TO THE PRINCIPAL DEED DATED 29.4.66.
Details:	THE PROPERTY & ASSETS OF THE COMPANY PER GENERAL CHARGE DATED 29.4.66
Mortgage Type:	SUPPLIMENTAL CHARGE
Date Charge Created:	16/01/86
Date Charge Registered:	20/01/86
Date Charge Satisfied:	20/05/93
Status:	SATISFIED
Person(s) Entitled:	INVESTORS IN INDUSTRY PLC
Amount Secured:	FOR FURTHER SECURING ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE SUPPLEMENTAL TOA DEBENTURE DATED 7.3.80
Details:	FIXED CHARGE ON THE BOOK & OTHER DEBTS DUE OR OWING TO THE COMPANY

Mortgage Type:	CHARGE SUPPLEMENTAL TO A MORTGAGE & GENERAL CHARGE DATED 29/4/66
Date Charge Created:	21/03/84
Date Charge Registered:	30/03/84
Date Charge Satisfied:	20/05/93
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
Details:	A SPECIFIC CHARGE OVER THE BENEFIT OF ALL BOOK AND OTHER DEBTS NOW AND FROM TIME TO TIME OWING TO THE COMPANY (SEE DOC M52)
Mortgage Type:	CHATTELS MORTGAGE
Date Charge Created:	18/09/81
Date Charge Registered:	23/09/81
Date Charge Satisfied:	20/05/93
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 IBM COMPUTER TYPE 5340 MACHINE MODEL NO: E 34CPU S/34 SERIAL NO:- 5320090 TOGETHER WITH BASEPRINT ATTACHMENT &PRINTER ATTACHMENT, ONE NEW IBM PRINTERTYPE 5211 MODEL NO 001 SERIAL NO. 56-07714. ONE NEW IBM DISPLAY STATION TYPE 5251 MODEL 999 SERIAL NO 53-B7409. FIVE NEW IBM DISPLAY STATIONSTYPE 5251 MODEL NO 011 SERIAL NOS:- 53 B 4498, 53 B 6750,53 B 6751, 53 B 6752, 53 B 6753

Mortgage Type:	DEBENTURE
Date Charge Created:	07/03/80
Date Charge Registered:	13/03/80
Date Charge Satisfied:	20/05/93
Status:	SATISFIED
Person(s) Entitled:	INDUSTRIAL AND COMMERCIAL FINANCE CORPER LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	FIXED AND FLOATING CHARGE ON UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL UNCALLED CAPITAL, BOOK DEBTS, STOCK IN TRADE WORK INPROGRESS INVESTMENTS AND CASH, AND PREPAYMENTS, TOGETHER WITH ALL BUILDINGS ANDFIXTURES (INCLUDING TRADE FIXTURES) PLANT AND MACHINERY (PLEASE SEE DOC M50) L/HOLD FACTORY PROMISES AT NEWBRIDGE ROAD INDUSTRIAL ESTATE, PONTLLANFRAITH, GWENT.
Mortgage Type:	COLLATERAL DEBENTURE
Date Charge Created:	24/07/67
Date Charge Registered:	10/08/67
Date Charge Satisfied:	20/05/93
Status:	SATISFIED
Person(s) Entitled:	INDUSTRIAL & COMMERCIAL FINANCE CORP. LTD
Amount Secured:	FOR FURTHER SECURING ALL MONEYS DUE FROMPERRY & GILES LTD. SECURED BY ANOTHERDEBENTURE DATED 24TH JULY 1967.
Details:	UNDERTAKING AND GOODWILL ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING UNCALLED CAPITAL. ALLBUILDINGS & LANDLORDS FIXTURES ETC (FIXED & FLOATING CHARGESEE DOC 16.)

Mortgage Type:	MORTGAGE AND GENERAL CHARGE
Date Charge Created:	29/04/66
Date Charge Registered:	13/05/66
Date Charge Satisfied:	20/05/93
Status:	SATISFIED
Person(s) Entitled:	NATIONAL PROVINCIAL BANK LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	UNDERTAKING AND GOODWILL ALL PROPERTY RIGHTS AND ASSETS PRESENT AND FUTURE INCLUDING UNCALLED CAPITAL. ASSIGNMENT OF THEGOODWILL AND CONNEXION OF THE BUSINESS AND BENEFIT OF LICENCES (FIXED AND FLOATING CHARGES. SEE DOC 13. FOR DETAILS)

Creditor Details

	Total Number	Total Value
Trade Creditors	0	-
No Creditor Data

Trade Debtors / Bad Debt Detail

	Total Number of Documented Trade	Total Value of Documented Trade
Trade Debtors	3	£7,062
Company Name		Amount	Statement Date
Newton Products Limited		£6,806	12/01/2012
Alchemea Ltd		£147	21/05/2015
The Mobility Bureau Limited		£109	27/04/2015

Previous Director/Company Secretaries

Name	Current Active Appointments		Previous Appointments	Dissolved Companies
Michael Arnaouti	2		219	94
Robert William George Rose	0		1	1
Neil David Parke	0		3	5
David Robert McLain	0		1	2
Thomas Malcolm Spencer Jones	0		2	2
John Dewi Brychan Price	0		21	356
Timothy Richard Evans	0		6	9
Timothy Richard Evans	0		6	9
William Alfred Penny	0		4	5
Raymond Edward New	0		2	4
Alexander Croy Nicol	0		1	0
Iver Rex Harris	0		1	0
David Leslie Taylor	3		2	2
Luke Thomas	1		88	123
Richard Strugnell	0		2	1
Carl Sheffer	0		4	3
Jonathan Mark Oatley	0		2	1
David Charles Gardiner	0		1	1
Mufti Mohamed Ashraf	2		1	0
Eric George Hutchinson	29		10	54
Martin Richard Benante	0		5	1
George Yohrling	0		3	0
Christopher John Pritchard	1		2	3
Michael Joseph Denton	0		9	0
Allan E Symonds	0		6	5
David Charles Adams	0		7	2
Roy Alan Freeland	1		7	42
Total Persons With Significant Control	1	Total Statements		0
Active	1	Active		0
Ceased	0	Ceased		0

Active Persons With Significant Control

Name	Curtiss-Wright Controls (Uk) Limited	Kind	Corporate Entity With Significant Control
Address	15 Enterprise Way, Aviation Park West, Bournemouth International Airport, Christchurch Dorset	Notified On	06/04/2016
Post Code	BH23 6HH	Legal Form	Limited By Shares
Authority	United Kingdom (England And Wales)	Place Registered	Companies House
Country Registered	England And Wales	Registration Number	04348353
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 Contro

No Ceased Persons With Significant Control To Display

Active Statements

No Active Statements

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 91.57

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

INFORMATION DETAILS

Analysis Done by :	VAR
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.