MIRA INFORM REPORT

Report No. :	512543
Report Date :	31.05.2018

IDENTIFICATION DETAILS

Name :	GEMCOM LIMITED
Registered Office :	68 Great Portland Street, London, W1W 7NG
Country :	United Kingdom
Financials (as on) :	31.12.2016
Date of Incorporation :	19.10.2004
Com. Reg. No.:	05263274
Legal Form :	Private Limited with Share Capital
Line of Business :	· Wholesale of grain, unmanufactured tobacco, seeds and animal feeds · Buying and selling of animal feed ingredients.
No. of Employees :	10 [2016]

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 :	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	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 Summary

Registered Address

68 Great Portland Street
London
W1W 7NG

Trading Address

68 Great Portland Street
London
W1W 7NG

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

Company Number 05263274

Telephone Number 02075808004

Fax Number -

TPS No

FPS Yes

Incorporation Date 19/10/2004

Previous Name -

Type Private Limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 27/09/2017

Currency GBP

Share Capital £70,000

SIC07 46210

Charity Number -

SIC07 Description Wholesale of grain, unmanufactured tobacco, seeds and animal feeds

Principal Activity Buying and selling of animal feed ingredients.

Additional Information

CCJ's

0 (£0)

No CCJ Information To Display

Ultimate Holding Company -

Accountant -

Mortgages 13

Group 0 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder	Funds Employees
31.12.2016	£45,264,552	£1,607,135	£2,648,695	10
31.12.2015	£43,046,740	£1,329,140	£2,014,982	9
31.12.2014	£34,733,804	£627,610	£1,466,842	9

Mortgage summary

Total Mortgage 13

Outstanding 8

Satisfied 5

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 Large company.

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.

This company's bank loans and overdrafts (less cash) account for a high percentage of short term liabilities.

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

Current Directors

Title	Mr	Function	Director
Name	Gavin Elliott Millar	Nationality	British
Date of Birth	08/1971	Present Appointments	2
Latest Address	Haslers Old Station Road, Loughton, Essex	Appointment Date	19/10/2004
Post Code	IG10 4PL
Title	Mrs	Function	Director
Name	Haylee Philippa Millar	Nationality	British
Date of Birth	09/1972	Present Appointments	1
Latest Address	Haslers Old Station Road, Loughton, Essex	Appointment Date	26/07/2010
Post Code	IG10 4PL

Current Company Secretary

Title	Ms	Function	Company Secretary
Name	Haylee Philippa Millar	Nationality	British
Date of Birth	-	Present Appointments	2
Latest Address	Haslers Old Station Road, Loughton, Essex	Appointment Date	19/10/2004
Post Code	IG10 4PL

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
GAVIN ELLIOTT MILLAR	GBP	35,000	ORDINARY	1	50
HAYLEE PHILIPPA MILLAR	GBP	35,000	ORDINARY	1	50

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	£45,264,552	5.2%	£43,046,740	23.9%	£34,733,804	-14.1%	£40,426,827	40.1%	£28,858,443
	Export	£1,340,829	-38%	£2,162,642	-	-	-	-	-	-
	Cost of Sales	£42,194,922	2.8%	£41,029,392	23.7%	£33,177,398	-15.4%	£39,216,799	43.4%	£27,349,411
	Gross Profit	£3,069,630	52.2%	£2,017,348	29.6%	£1,556,406	28.6%	£1,210,028	-19.8%	£1,509,032
	Wages & Salaries	£584,599	-6.2%	£623,282	36.3%	£457,314	29.7%	£352,679	-23.3%	£460,009
	Directors Emoluments	£33,833	-55.9%	£76,658	-25.7%	£103,126	12%	£92,109	13.3%	£81,319
	Operating Profit	£1,699,999	26.2%	£1,346,663	88.9%	£712,900	72.6%	£413,102	-32%	£607,893
	Depreciation	£375	-95.7%	£8,630	-20.2%	£10,819	-1.6%	£10,993	-5%	£11,575
	Audit Fees	£15,450	-6.9%	£16,600	10.7%	£15,000	15.4%	£13,000	-20.2%	£16,300
	Interest Payments	£116,263	199.6%	£38,811	-62.1%	£102,428	999.9%	£8,576	-84%	£53,466
	Pre Tax Profit	£1,607,135	20.9%	£1,329,140	111.8%	£627,610	52.1%	£412,512	-25.6%	£554,427
	Taxation	-£323,422	-19.3%	-£271,000	-102.3%	-£133,949	-48.7%	-£90,084	31.8%	-£132,150
	Profit After Tax	£1,283,713	21.3%	£1,058,140	114.3%	£493,661	53.1%	£322,428	-23.6%	£422,277
	Dividends Payable	£650,000	27.5%	£510,000	44.5%	£353,000	194.2%	£120,000	971.4%	£11,200
	Retained Profit	£633,713	15.6%	£548,140	289.7%	£140,661	-30.5%	£202,428	-50.8%	£411,077

Balance Sheet

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Tangible Assets	£1,176	-10.4%	£1,312	-86.8%	£9,942	-50.4%	£20,025	-35.4%	£31,018
	Intangible Assets	0	-	0	-	0	-	0	-	0
	Total Fixed Assets	£1,176	-10.4%	£1,312	-86.8%	£9,942	-50.4%	£20,025	-35.4%	£31,018
	Stock	£9,500,113	48%	£6,419,505	70.8%	£3,759,178	-19.2%	£4,652,157	57.9%	£2,946,910
	Trade Debtors	£4,490,281	12%	£4,010,198	57.8%	£2,540,529	-21.2%	£3,224,482	-0.6%	£3,243,677
	Cash	£646,503	-32.8%	£961,811	-25.4%	£1,289,942	229.5%	£391,446	-5.5%	£414,305
	Other Debtors	£1,908,273	-1.4%	£1,936,279	61%	£1,202,286	-7%	£1,292,431	100.5%	£644,583
	Miscellaneous Current Assets	£49,825	-	0	-	0	-	0	-	0
	Total Current Assets	£16,594,995	24.5%	£13,327,793	51.6%	£8,791,935	-8%	£9,560,516	31.9%	£7,249,475
	Trade Creditors	£7,486,639	33.7%	£5,600,819	186.4%	£1,955,323	-45.5%	£3,586,112	30%	£2,757,555
	Bank Loans & Overdrafts	£3,649,980	21.8%	£2,995,977	-17.5%	£3,633,302	37%	£2,652,587	80.7%	£1,468,243
	Other Short Term Finance	£2,488,306	10.8%	£2,245,590	59.3%	£1,409,281	-10.7%	£1,577,699	15.7%	£1,363,701
	Miscellaneous Current Liabilities	£322,551	-31.6%	£471,737	39.9%	£337,129	-23%	£437,962	-22.8%	£567,241
	Total Current Liabilities	£13,947,476	23.3%	£11,314,123	54.2%	£7,335,035	-11.1%	£8,254,360	34.1%	£6,156,740
	Bank Loans & Overdrafts and LTL	£3,649,980	21.8%	£2,995,977	-17.5%	£3,633,302	37%	£2,652,587	80.7%	£1,468,243
	Other Long Term Finance	0	-	0	-	0	-	0	-	0
	Total Long Term Liabilities	0	-	0	-	0	-	0	-	0

Capital & Reserves

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Called Up Share Capital	£70,000	-	£70,000	-	£70,000	-	£70,000	-	£70,000
	P & L Account Reserve	£2,578,695	32.6%	£1,944,982	39.2%	£1,396,842	11.2%	£1,256,181	19.2%	£1,053,753
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	-	-	-	-	-	-	-	-	-
	Shareholder Funds	£2,648,695	31.5%	£2,014,982	37.4%	£1,466,842	10.6%	£1,326,181	18%	£1,123,753

Other Financial Items

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Net Worth	£2,648,695	31.5%	£2,014,982	37.4%	£1,466,842	10.6%	£1,326,181	18%	£1,123,753
	Working Capital	£2,647,519	31.5%	£2,013,670	38.2%	£1,456,900	11.5%	£1,306,156	19.5%	£1,092,735
	Total Assets	£16,596,171	24.5%	£13,329,105	51.4%	£8,801,877	-8.1%	£9,580,541	31.6%	£7,280,493
	Total Liabilities	£13,947,476	23.3%	£11,314,123	54.2%	£7,335,035	-11.1%	£8,254,360	34.1%	£6,156,740
	Net Assets	£2,648,695	31.5%	£2,014,982	37.4%	£1,466,842	10.6%	£1,326,181	18%	£1,123,753

Cash Flow

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Net Cashflow from Operations	-£196,201	-246%	£134,355	-71.9%	£478,219	138.2%	-£1,250,611	-29.2%	-£968,298
	Net Cashflow before Financing	-£1,212,027	-129.9%	-£527,117	-711.5%	£86,198	106.1%	-£1,421,201	-27.9%	-£1,110,777
	Net Cashflow from Financing	£242,716	-71%	£836,310	596.6%	-£168,418	-	-	-	-
	Increase in Cash	-£969,311	-413.5%	£309,193	476.1%	-£82,220	94.2%	-£1,421,201	-27.9%	-£1,110,777

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	£2,648,695	31.5%	£2,014,982	37.4%	£1,466,842	10.6%	£1,326,181	18%	£1,123,753
	Number of Employees	10	11.1%	9	-	9	-	9	12.5%	8
	Accountants
	Auditors	HASLERS
	Auditor Comments	The audit report contains no adverse comments
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	31/12/16	31/12/15	31/12/14	31/12/13	31/12/12
	Pre-tax profit margin %	3.55	3.09	1.81	1.02	1.92
	Current ratio	1.19	1.18	1.20	1.16	1.18
	Sales/Net Working Capital	17.10	21.38	23.84	30.95	26.41
	Gearing %	137.80	148.70	247.70	200	130.70
	Equity in %	16	15.10	16.70	13.80	15.40
	Creditor Days	60.20	47.36	20.49	32.28	34.78
	Debtor Days	36.10	33.90	26.62	29.03	40.91
	Liquidity/Acid Test	0.50	0.61	0.68	0.59	0.69
	Return On Capital Employed %	60.67	65.96	42.78	31.10	49.33
	Return On Total Assets Employed %	9.68	9.97	7.13	4.30	7.61
	Current Debt Ratio	5.26	5.61	5	6.22	5.47
	Total Debt Ratio	5.26	5.61	5	6.22	5.47
	Stock Turnover Ratio %	20.98	14.91	10.82	11.50	10.21
	Return on Net Assets Employed %	60.67	65.96	42.78	31.10	49.33

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
27/10/2017	Confirmation Statement
05/10/2017	New Accounts Filed
05/10/2017	New Accounts Filed
08/11/2016	Annual Returns
18/10/2016	New Accounts Filed
18/10/2016	New Accounts Filed
30/03/2016	Payment Data Update Received
06/12/2015	Annual Returns
09/10/2015	New Accounts Filed
13/03/2015	Ms E. Molyneaux has left the board
27/10/2014	Annual Returns
27/09/2014	New Accounts Filed
16/12/2013	Annual Returns
18/07/2013	New Accounts Filed
13/11/2012	Annual Returns

Previous Company Names

No Previous Names found

Writ Details

No writs found

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group StructureFull

No Group Structure

Mortgage Details

Mortgage Type:	DEBENTURE
Date Charge Created:	29/03/12
Date Charge Registered:	30/03/12
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	SANTANDER UK PLC (AS SECURITY TRUSTEE "SECURITY HOLDER" FOR EACH GROUP MEMBER)
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
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:	RENT DEPOSIT DEED
Date Charge Created:	23/02/12
Date Charge Registered:	24/02/12
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	MYLOWORLD LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	£3,000

Mortgage Type:	RENT DEPOSIT DEED
Date Charge Created:	23/02/12
Date Charge Registered:	24/02/12
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	MYLOWORLD LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	£3,000
Mortgage Type:	CHARGE ON CASH DEPOSIT (EURO ACCOUNT)
Date Charge Created:	28/05/10
Date Charge Registered:	02/06/10
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	ABBEY NATIONAL TREASURY SERVICES PLC
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:	THE DEPOSIT BEING THE AMOUNT FROM TIME TO TIME STANDING TO THE CREDIT OF THE ACCOUNT ACCOUNT NUMBER64428487 SORT CODE 72-02-50 SEE IMAGE FOR FULL DETAILS

Mortgage Type:	CHARGE ON CASH DEPOSIT (US DOLLAR ACCOUNT)
Date Charge Created:	28/05/10
Date Charge Registered:	02/06/10
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	ABBEY NATIONAL TREASURY SERVICES PLC
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:	THE DEPOSIT BEING THE AMOUNT FROM TIME TO TIME STANDING TO THE CREDIT OF THE ACCOUNT ACCOUNT NUMBER64428028 SORT CODE 72-00-00 SEE IMAGE FOR FULL DETAILS
Mortgage Type:	LETTER OF PLEDGE
Date Charge Created:	12/01/10
Date Charge Registered:	14/01/10
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	ABBEY NATIONAL TREASURY SERVICES PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	PLEDGE ALL NEGOTIABLE INSTRUMENTS AND ALL PRODUCE AND GOODS AND ALL BILLS OF LADING WARRANTS OR RECEIPTS SEE IMAGE FOR FULL DETAILS

Mortgage Type:	CHARGE ON CASH DEPOSIT
Date Charge Created:	12/01/10
Date Charge Registered:	14/01/10
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	ABBEY NATIONAL TREASURY SERVICES PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	BY WAY OF FIRST FIXED CHARGE THE AMOUNTFROM TIME TO TIME STANDING TO THE CREDIT OF THE ACCOUNT NUMBER 45145878 SORT CODE 09-01-27 TOGETHER WITH ANY INCOME MONIES AND PROCEEDS IN CONNECTION WITH SUCHAMOUNT
Mortgage Type:	TRADE FINANCE SECURITY AGREEMENT
Date Charge Created:	17/11/09
Date Charge Registered:	08/05/13
Date Charge Satisfied:	-
Status:	SATISFIED
Person(s) Entitled:	BNP PARIBAS (SUISSE) SA;
Amount Secured:
Details:	FULL TITLE GUARANTEE TO ASSIGN TO THE CHARGEE AND GRANT THE CHARGEE A FIRST PRIORITY SECURITY INTEREST IN A FLOATING CHARGE OVER ALL THE CHARGOR'S RIGHTS TITLEAND INTEREST IN TO ALL MONEYS AND OTHERRECEIVABLES DUE TO THE CHARGOR ARISING OUT OF OR IN CONNECTION WITH THE FINANCING CARRIAGE SALE OR OTHER DISPOSITION OFANY AND ALL GOODS SEE IMAGE FOR FULL DETAILS

Mortgage Type:	RENT DEPOSIT DEED
Date Charge Created:	29/06/07
Date Charge Registered:	18/11/09
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	MYLOWORLD LIMITED
Amount Secured:	THE RENT DEPOSIT 0F £5000
Details:	ALL THE COMPANY\S RIGHT TITLE AND INTEREST IN AND TO THE RENT DEPOSIT OF £5000 BETWEEN THE COMPANY AND THE LANDLORD RELATING TO THIRD FLOOR OF 68 GREAT PORTLAND STREET LONDON W1W 7NG
Mortgage Type:	DEBENTURE
Date Charge Created:	03/05/06
Date Charge Registered:	08/05/13
Date Charge Satisfied:	-
Status:	SATISFIED
Person(s) Entitled:	FORTIS COMMERCIAL FINHANCE LIMITED;
Amount Secured:
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 MACHINERYSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	DEBENTURE
Date Charge Created:	24/04/06
Date Charge Registered:	28/04/06
Date Charge Satisfied:	16/01/10
Status:	SATISFIED
Person(s) Entitled:	FORTIS BANK SA-NV
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	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:	GENERAL LETTER OF PLEDGE
Date Charge Created:	28/03/06
Date Charge Registered:	18/04/06
Date Charge Satisfied:	16/01/10
Status:	SATISFIED
Person(s) Entitled:	FORTIS BANK SA-NV
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVERUNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	THE PLEDGED DOCUMENTS AND THE PLEDGED GOODSSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	ALL ASSETS DEBENTURE
Date Charge Created:	26/01/05
Date Charge Registered:	28/01/05
Date Charge Satisfied:	23/04/09
Status:	SATISFIED
Person(s) Entitled:	LLOYDS TSB COMMERCIAL FINANCE LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	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 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Previous Director/Company Secretaries

Name	Current Active Appointments			Previous Appointments	Dissolved Companies
Eileen Molyneaux	0			1	0
Total Persons With Significant Control		2	Total Statements			0
Active		2	Active			0
Ceased		0	Ceased			0

Active Persons With Significant Control

Name	Mr Gavin Elliott Millar	Kind	Individual Person With Significant Control
Address	56 Creighton Avenue, London	Country Of Residence	England
Post Code	N10 1NT	Nationality	British
Date of Birth	08/1971	Notified On	06/04/2016
Nature Of Control	Ownership Of Shares 25 To 50 Percent,Voting Rights 25 To 50 Percent
Name	Mrs Haylee Philippa Millar	Kind	Individual Person With Significant Control
Address	56 Creighton Avenue, London	Country Of Residence	England
Post Code	N10 1NT	Nationality	British
Date of Birth	09/1972	Notified On	06/04/2016
Nature Of Control	Ownership Of Shares 25 To 50 Percent,Voting Rights 25 To 50 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 67.63
UK Pound	1	INR 89.70
Euro	1	INR 78.20
GBP	1	INR 89.85

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

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	TRU

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.