MIRA INFORM REPORT

Report Date :

08.10.2007

IDENTIFICATION DETAILS

Name :	CALGARY DYES INTERNATIONAL LIMITED

Registered Office :	45-47 Marylebone Lane, London, W1U 2NT

Country :	United Kingdom

Financials (as on) :	31.12.2006

Date of Incorporation :	06/12/2001

Com. Reg. No.:	04335270

Legal Form :	Private Limited Liability Company (GB)

Line of Business :	Other business activities not elsewhere classified.

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory

Payment Behaviour :	No Complaints

Litigation :	Clear

Company Identification Details


Subject Reported on	CALGARY DYES INTERNATIONAL LIMITED
Registered Office	45-47 Marylebone Lane, London, W1U 2NT


Credit Limit	GBP 16,400
	Selling to this company? The Credit Limit is the recommended maximum outstanding debtor exposure at any one time.

Contract Limit	GBP 89,000
	Buying from this company? The Contract Limit is the recommended aggregate annual value for supply contracts.

Significant Event

PLEASE NOTE CHANGE OF ADDRESS


PLEASE NOTE CHANGE OF ADDRESS


PLEASE NOTE CHANGE OF ADDRESS


PLEASE NOTE CHANGE OF ADDRESS

Official Company Data


Legal Form	Private Limited Liability Company (GB)
Registration Number	04335270
Date of Incorporation	06/12/2001
Registered Office	45-47 Marylebone Lane, London, W1U 2NT
Date of Last Annual Return to Registry	26/11/2006
Accounts	The last filed accounts cover the period to 31/12/2006 and were filed on 26/06/2007

Recently Filed Documents

Details of the most recent documents

Date Received	Description
26/11/2006	Annual Return
31/12/2006	Financial Statement / Set of Accounts

It should be noted that there is no legal requirement to file satisfaction details of mortgages/charges at Companies House.

Known Directors


DIRECTOR	PORTLAND DIRECTORS LIMITED
Occupation	CORPORATE BODY
Address	45-47, MARYLEBONE LANE , LONDON , W1U 2NT
Date of Birth	-
Appointment Date	07/02/2003
SECRETARY	PORTLAND SECRETARIES LTD
Address	45-47 MARYLEBONE LANE, , LONDON , W1U 2NT
Country of Origin
Appointment Date	07/02/2003

Recently Resigned Directors (last 3)


DIRECTOR	THETA DIRECTORS LIMITED
Address	38 , WIGMORE STREET , LONDON , - -
Resignation Date	22/02/2003
DIRECTOR	THETA DIRECTORS LIMITED -
Occupation	CORPORATE DIRECTOR
Address	38 , WIGMORE STREET , LONDON , - -
Resignation Date	07/02/2003
DIRECTOR	CORNHILL REGISTRARS LIMITED -
Occupation	LIMITED COMPANY
Address	ST PAUL'S HOUSE , WARWICK LANE , LONDON , - -
Resignation Date	06/12/2001

Share Summary

Share information is not held for this company.

Mortgages and Charges

There are no mortgages

Public Record Information

Summary of CCJ's/Scottish Decrees

There are no unsatisfied CCJs against the company.

Operations

Sic Code	Description
7484	Other business activities not elsewhere classified
Staff Employed

Financial Data

The following figures are shown in units of 000

Profit and Loss

Number of Weeks	52	52	52	52
Accounts Date	31/12/2006	31/12/2005	31/12/2004	31/12/2003
Currency	GBP	GBP	GBP	GBP
Consolidated?	No	No	No	No
SALES	66	46	69	24
Cost of goods sold	0	0	0	0
GROSS PROFIT	66	46	69	24
General administration costs (-)	30	26	23	22
Net Operating Profit(Loss)	36	21	47	2
Non Trading Income	4	3	3	3
Total Non Trading Income	4	3	3	3
Interest expenses & similar (-)	0	0	-	-
Financial Expenses	0	0	0	0
PRE TAX PROFIT	40	23	49	5
Other Taxation	0	0	0	0
Taxation	12	7	15	2
PROFIT AFTER TAX	28	16	34	4
Net Profit	28	16	34	4
Dividends Payable	0	0	0	0
RETAINED PROFITS	28	16	34	4

Balance Sheet

Number of Weeks	52	52	52	52
Accounts Date	31/12/2006	31/12/2005	31/12/2004	31/12/2003
Currency	GBP	GBP	GBP	GBP
Consolidated?	No	No	No	No
TOTAL FIXED ASSETS	0	0	0	0
TOTAL CURRENT ASSETS	310	240	279	218
Cash	310	240	278	218
TOTAL ASSETS	310	240	279	218
TOTAL CURRENT LIABILITIES	222	179	234	208
Taxes	12	11	15	2
Other Current Liabilities	210	167	209	196
WORKING CAPITAL	89	61	45	10
TOTAL LONG TERM LIABS	0	0	0	0
NET ASSETS/(LIABILITIES)	89	61	45	10
SHARE CAPITAL + RESERVES	88	61	44	10
Issued Share Capital	0	0	0	0
Profit and Loss account	88	61	44	10
SHAREHOLDERS FUNDS	88	61	44	10
CAPITAL EMPLOYED	88	61	44	10
TANGIBLE NET WORTH	89	61	45	10

Key Credit Ratios

Accounts Date	31/12/2006	31/12/2005	31/12/2004	31/12/2003
Current Ratio	1.40	1.34	1.19	1.05
Profit Before Tax	0.61	0.50	0.71	0.21
Quick Ratio	-	-	-	-
T.N.W/Total Assets	0.29	0.25	0.16	0.05
Return on Capital	45.45	37.70	111.36	50.00
Working Capital/Sales	0.01	0.01	0.01	0.00
Stock Turnover	0.00	0.00	0.00	0.00

Financial Summary

Turnover	Turnover increased by more than 43% in the period. Turnover totaled GBP 66,000 for the period.
Operating Profit	Totaled GBP 36,000 In the period prior a profit of GBP 21,000 was achieved.
Pre Tax	The subject made a profit of GBP 40,000 compared with a profit of GBP 23,000 in the previous period.
Working Capital	The company's working capital improved in the period by 46%
Tangible Net Worth	Net worth increased by 28,000 during the period and now stands at GBP 89,000

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
NR		In view of the lack of information, we have no basis upon which to recommend credit dealings	No Rating

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 and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

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