MIRA INFORM REPORT

Report No. :	510641
Report Date :	28.05.2018

IDENTIFICATION DETAILS

Name :	TINIUS OLSEN LIMITED

Formerly Known As :	HOUNSFIELD TEST EQUIPMENT LIMITED

Registered Office :	6 Perrywood Business Park, Honeycrock Lane, Salfords, Redhill, RH1 5DZ

Country :	United Kingdom

Financials (as on) :	31.12.2016

Date of Incorporation :	31.12.1970

Com. Reg. No.:	00998521

Legal Form :	Private Limited with Share Capital

Line of Business :	Manufacture of Other Special-Purpose Machinery N.E.C.

No. of Employees :	64

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

Credit Rating

Explanation

Rating Comments

Acceptable Risk

Business dealings permissible with moderate risk of default

Status :	Satisfactory

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

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 Summary

Registered Address

6 Perrywood Business Park
Honeycrock Lane, Salfords
Redhill
RH1 5DZ

Trading Address

Unit 5-6
Perrywood Business Park
Honeycrock Lane, Salfords
Redhill, Surrey
RH1 5DZ

Website Address http://www.tiniusolsen.com

Company Number 00998521

Telephone Number 01737765001

Fax Number -

TPS No

FPS Yes

Incorporation Date 31/12/1970

Previous Name HOUNSFIELD TEST EQUIPMENT LIMITED

Type Private Limited with Share Capital

FTSE Index -

Date of Change 05/01/2004

Filing Date of Accounts 13/09/2017

Currency GBP

Share Capital £18,000

SIC07 28990

Charity Number -

SIC07 Description Manufacture of other special-purpose machinery n.e.c.

Principal Activity A group engaged as a producers of load test equipment.

Additional Information

CCJ's

0 (£0)

No CCJ Information To Display

Ultimate Holding Company TINIUS OLSEN INTERNATIONAL CO

Accountant -

Mortgages 3

Group 2 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder	Funds Employees
31.12.2016	£6,162,096	£328,978	£4,718,492	64
31.12.2015	£6,743,324	£537,014	£4,599,282	61
31.12.2014	£6,050,062	£537,014	£4,085,114	58

Mortgage summary

Total Mortgage 3

Outstanding 1

Satisfied 2

Trade debtors / bad debt summary

Total Number of Documented Trade 0

Total Value of Documented Trade £0

Commentary

This company has been treated as a Medium company.

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

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

This company has only made late payments on a low percentage of invoices.

The company has more cash than short term bank borrowings.

This company trades in an industry with a lower level of corporate failures.

CCJ

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

Total Current Directors	4	Total Current Secretaries	1
Total Previous Directors / Company Secretaries	15	Total Person's With Significant Control	1

Current Directors

Title	Mr	Function	Director
Name	Martin John Wheeler	Nationality	British
Date of Birth	05/1965	Present Appointments	1
Latest Address	6 Perrywood Business Park, Honeycrock Lane , Salfords, Redhill, Surrey	Appointment Date	19/01/1998
Post Code	RH1 5DZ
Title	Mr	Function	Director
Name	Charles Robert Tait Iii	Nationality	American
Date of Birth	12/1965	Present Appointments	1
Latest Address	6 Perrywood Business Park, Honeycrock Lane , Salfords, Redhill, Surrey	Appointment Date	21/01/2002
Post Code	RH1 5DZ

Title	Mr	Function	Director
Name	Mark Youings	Nationality	British
Date of Birth	10/1971	Present Appointments	1
Latest Address	6 Perrywood Business Park, Honeycrock Lane , Salfords, Redhill, Surrey	Appointment Date	01/07/2008
Post Code	RH1 5DZ
Title	Mr	Function	Director
Name	Barry Norman Gaskins	Nationality	British
Date of Birth	08/1948	Present Appointments	1
Latest Address	6 Perrywood Business Park, Honeycrock Lane , Salfords, Redhill, Surrey	Appointment Date	17/03/2016
Post Code	RH1 5DZ

Current Company Secretary

Title	Mr	Function	Company Secretary
Name	Barry Norman Gaskins	Nationality
Date of Birth	-	Present Appointments	1
Latest Address	6 Perrywood Business Park, Honeycrock Lane , Salfords, Redhill, Surrey	Appointment Date	17/03/2016
Post Code	RH1 5DZ

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
TINIUS OLSEN INTERNATIONAL CO.	GBP	17,999	ORDINARY	1	99.99
TINIUS OLSEN TESTING MACHINE CO. INC.	GBP	1	ORDINARY	1	0.01

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	Y	(%)	Y	(%)	Y	(%)	Y	(%)	Y
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Turnover	£6,162,096	-8.6%	£6,743,324	11.5%	£6,050,062	9.1%	£5,546,824	-7.5%	£5,993,598
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Cost of Sales	£2,258,899	-12.3%	£2,574,672	14%	£2,257,834	2.5%	£2,202,626	-1.4%	£2,234,499
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Gross Profit	£3,903,197	-6.4%	£4,168,652	9.9%	£3,792,228	13.4%	£3,344,198	-11%	£3,759,099
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Wages & Salaries	£2,627,106	-1.7%	£2,672,318	7.8%	£2,477,920	-5.4%	£2,618,489	-7.1%	£2,819,617
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Directors Emoluments	£369,064	-9.3%	£407,050	-4.7%	£427,111	-19.6%	£531,561	9.7%	£484,587
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Operating Profit	£374,893	-36.2%	£587,479	57.9%	£372,100	395%	-£126,146	-135.8%	£352,283
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Depreciation	£118,981	41%	£84,407	-22.5%	£108,903	-12.7%	£124,715	-24.2%	£164,533
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Audit Fees	£68,741	32.3%	£51,948	1%	£51,423	-2.7%	£52,828	24.5%	£42,417
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Interest Payments	£50,136	-7.3%	£54,112	-18.8%	£66,647	2.8%	£64,845	-3.3%	£67,033
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Pre Tax Profit	£328,978	-38.7%	£537,014	73.4%	£309,702	266.2%	-£186,381	-164%	£291,293
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Taxation	-£76,033	-18.3%	-£64,287	-131.9%	-£27,724	-176.8%	£36,082	160.9%	-£59,246
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Profit After Tax	£252,945	-46.5%	£472,727	67.6%	£281,978	287.6%	-£150,299	-164.8%	£232,047
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Retained Profit	£189,860	-63.4%	£518,087	125.4%	£229,836	999.9%	-£19,094	-106.2%	£305,844

Balance Sheet

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Tangible Assets	£2,652,872	14.1%	£2,325,517	0.7%	£2,310,284	-7.3%	£2,493,447	0.9%	£2,470,580
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Total Fixed Assets	£2,652,872	14.1%	£2,325,517	0.7%	£2,310,284	-7.3%	£2,493,447	0.9%	£2,470,580
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Stock	£1,731,095	4.3%	£1,660,000	23.6%	£1,342,811	-5.5%	£1,421,364	26.4%	£1,124,145
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Trade Debtors	£1,105,968	-2.4%	£1,133,110	35%	£839,089	52.6%	£549,926	-25.8%	£740,969
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Cash	£795,945	-43.8%	£1,416,549	-11.2%	£1,595,514	22.3%	£1,304,351	-1.5%	£1,323,596
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Other Debtors	£988,917	83.4%	£539,141	67.1%	£322,598	-15.3%	£381,013	-30.6%	£549,075
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Total Current Assets	£4,621,925	-2.7%	£4,748,800	15.8%	£4,100,012	12.1%	£3,656,654	-2.2%	£3,737,785
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Trade Creditors	£800,698	0.4%	£797,825	59%	£501,619	17.3%	£427,812	-3.7%	£444,095
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Other Short Term Finance	£406,186	321.5%	£96,363	-65.9%	£282,649	-6.1%	£300,978	43.3%	£210,037
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Miscellaneous Current Liabilities	£555,751	-22.4%	£716,512	17.4%	£610,525	10.8%	£551,009	-15.4%	£651,605
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Total Current Liabilities	£1,762,635	9.4%	£1,610,700	15.5%	£1,394,793	9%	£1,279,799	-2%	£1,305,737
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	£793,670	-8.2%	£864,335	-7.1%	£930,389	-10.1%	£1,034,608	-7.7%	£1,120,796
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Other Long Term Finance	£793,670	-8.2%	£864,335	-7.1%	£930,389	-10.1%	£1,034,608	-7.7%	£1,120,796
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Total Long Term Liabilities	£793,670	-8.2%	£864,335	-7.1%	£930,389	-10.1%	£1,034,608	-7.7%	£1,120,796

Capital & Reserves

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Called Up Share Capital	£18,000	-	£18,000	-	£18,000	-	£18,000	-	£18,000
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	P & L Account Reserve	£4,109,873	3%	£3,990,663	14.8%	£3,476,495	7.7%	£3,227,075	1.7%	£3,173,213
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Sundry Reserves	£590,619	-	£590,619	-	£590,619	-	£590,619	-	£590,619
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Shareholder Funds	£4,718,492	2.6%	£4,599,282	12.6%	£4,085,114	6.5%	£3,835,694	1.4%	£3,781,832

Other Financial Items

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Net Worth	£4,718,492	2.6%	£4,599,282	12.6%	£4,085,114	6.5%	£3,835,694	1.4%	£3,781,832
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Working Capital	£2,859,290	-8.9%	£3,138,100	16%	£2,705,219	13.8%	£2,376,855	-2.3%	£2,432,048
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Total Assets	£7,274,797	2.8%	£7,074,317	10.4%	£6,410,296	4.2%	£6,150,101	-0.9%	£6,208,365
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Total Liabilities	£2,556,305	3.3%	£2,475,035	6.4%	£2,325,182	0.5%	£2,314,407	-4.6%	£2,426,533
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Net Assets	£4,718,492	2.6%	£4,599,282	12.6%	£4,085,114	6.5%	£3,835,694	1.4%	£3,781,832

Cash Flow

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Net Cashflow from Operations	£12,177	333.3%	£2,810	-99.4%	£457,937	999.9%	£36,388	-92.9%	£512,943
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Net Cashflow before Financing	-£586,303	-411%	-£114,732	-133.4%	£343,122	999.9%	-£11,374	-105.9%	£192,693
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Net Cashflow from Financing	-£68,214	-3.9%	-£65,623	-13.5%	-£57,841	-274.4%	-£15,451	91.4%	-£179,032
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Increase in Cash	-£654,517	-262.9%	-£180,355	-163.2%	£285,281	999.9%	-£26,825	-296.4%	£13,661

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
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Capital Employed	£5,512,162	0.9%	£5,463,617	8.9%	£5,015,503	3%	£4,870,302	-0.7%	£4,902,628
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Number of Employees	64	4.9%	61	5.2%	58	-4.9%	61	5.2%	58
	Accountants
	Auditors	BDO LLP
	Auditor Comments	The audit report contains no adverse comments
	Bankers	NATIONAL WESTMINSTER BANK PLC
	Bank Branch Code

Ratios

	Date Of Accounts	31/12/16	31/12/15	31/12/14	31/12/13	31/12/12
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Pre-tax profit margin %	5.34	7.96	5.12	-3.36	4.86
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Current ratio	2.62	2.95	2.94	2.86	2.86
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Sales/Net Working Capital	2.16	2.15	2.24	2.33	2.46
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Gearing %	16.80	18.80	22.80	27	29.60
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Equity in %	64.90	65	63.70	62.40	60.90
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Creditor Days	47.29	43.06	30.17	28.07	26.97
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Debtor Days	65.33	61.16	50.48	36.08	45
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Liquidity/Acid Test	1.64	1.91	1.97	1.74	2
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Return On Capital Employed %	5.96	9.82	6.17	-3.82	5.94
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Return On Total Assets Employed %	4.52	7.59	4.83	-3.03	4.69
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Current Debt Ratio	0.37	0.35	0.34	0.33	0.34
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Total Debt Ratio	0.54	0.53	0.56	0.60	0.64
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Stock Turnover Ratio %	28.09	24.61	22.19	25.62	18.75
$Description: \\vivek-pc\e\2\510641_files\barchart-grey.png$	Return on Net Assets Employed %	6.97	11.67	7.58	-4.85	7.70

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
16/12/2017	Payment Data Update Received
17/10/2017	Payment Data Update Received
06/10/2017	Confirmation Statement
22/09/2017	New Accounts Filed
22/09/2017	New Accounts Filed
11/07/2017	Payment Data Update Received
01/03/2017	Mr M.S. Helton has left the board
07/12/2016	Payment Data Update Received
12/10/2016	Payment Data Update Received
05/10/2016	Annual Returns
16/09/2016	New Accounts Filed
16/09/2016	New Accounts Filed
02/09/2016	Payment Data Update Received
01/04/2016	New Company Secretary Mr B.N. Gaskins appointed
21/03/2016	Mrs P.M. Woolford has resigned as company secretary

Previous Company Names

Date	Previous Name
05/01/2004	HOUNSFIELD TEST EQUIPMENT LIMITED
18/02/1985	MORLAND ENGINEERING LIMITED

Writ Details

No writs found

Statistics

Group	2 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status	Wholly Owned
Ultimate Holding Company	TINIUS OLSEN INTERNATIONAL CO

Group StructureFull

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
$Description: \\vivek-pc\e\2\510641_files\tminus.gif$ TINIUS OLSEN INTERNATION...	N/A	-	-
$Description: \\vivek-pc\e\2\510641_files\L.gif$ TINIUS OLSEN LIMITED	00998521	31.12.2016	Y	£6,162,096

Mortgage Details

Mortgage Type:	CHARGE
Date Charge Created:	30/09/92
Date Charge Registered:	09/10/92
Date Charge Satisfied:	20/01/96
Status:	SATISFIED
Person(s) Entitled:	N M ROTHSCHILD & SONS LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEEUNDER THE TERMS OF THE FACILITY LETTER DATED 17TH SEPTEMBER 1992 AND/OR THIS CHARGE
Details:	LAND AND BUILDINGS K/A UNIT 5, PERRYWOOD PARK, HONEYCROCK LANE,SALFORDS, SURREY, PART OF T/NO. SY594311 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
Mortgage Type:	LEGAL CHARGE
Date Charge Created:	29/06/90
Date Charge Registered:	06/07/90
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	TINIUS OLSEN INTERNATIONAL CO.
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF THE PROMISSORY NOTE AND ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE CHARGE
Details:	F/H PROPERTY AT UNIT 68 PERRYWOOD BUSINESS PARK, HONEYCROCK LANE SALFORDS, SURREY TOGETHER WITH ALLBUILDINGS & FIXTURES THEREON.

Mortgage Type:	DEBENTURE
Date Charge Created:	11/05/84
Date Charge Registered:	21/05/84
Date Charge Satisfied:	07/02/01
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 F/H & L/H PROPERTIES AND/OR THE PROCEEDS OF SALE THEREOF. FIXEDAND FLOATING CHARGE OVER. UNDERTAKING AND ALL PROPERTY ANDASSETS PRESENT AND FUTURE INCLUDING GOODWILL & BOOK DEBTS

Previous Director/Company Secretaries

Name	Current Active Appointments			Previous Appointments	Dissolved Companies
Gilda Hounsfield	0			1	0
James Coupland Hounsfield	0			1	0
Stanley Paul Hulbert	0			1	0
John Calvin Ivory	0			2	1
Brian Edward Stevens	0			2	0
Pamela Mary Olive Woolford	0			2	1
Pamela Mary Olive Woolford	0			2	1
Lance Gary Brake-Whitley	0			1	0
John A Millane	0			1	0
C Robert Tait	0			1	0
John T Murray	0			1	0
Joseph P Loftus	0			1	0
David Gregory Wheeler	0			1	0
Martin Robert Coupland Hounsfield	0			2	1
Mark Steven Helton	0			1	0
Total Persons With Significant Control		1	Total Statements			0
Active		1	Active			0
Ceased		0	Ceased			0

Active Persons With Significant Control

Name	Tinus Olsen Investment Company	Kind	Corporate Entity With Significant Control
Address	1105n Market Street Suite 1300, Wilmington, Delaware	Notified On	06/04/2016
Post Code	-	Legal Form	Incorperated
Authority	Usa	Place Registered	State Of Delaware Usa
Country Registered	State Of Delaware Usa	Registration Number	510325778
Nature Of Control	Ownership Of Shares 75 To 100 Percent,Voting Rights 75 To 100 Percent

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 68.26
UK Pound	1	INR 91.22
Euro	1	INR 79.88
GBP	1	INR 89.62

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

INFORMATION DETAILS

Analysis Done by :	PRA

Report Prepared by :	TPT

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.