MIRA INFORM REPORT

Report Date :

27.10.2007

IDENTIFICATION DETAILS

Name :	LEWIS MANUFACTURING SERVICES LIMITED

Registered Office :	14 Causeway Head Road, Dore, Sheffield, S17 3DT

Country :	United Kingdom

Financials (as on) :	31.12.2006

Date of Incorporation :	31/05/1974

Com. Reg. No.:	01172276

Legal Form :	Private Limited Liability Company (GB)

Line of Business :	Import & export of steel wire

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	LEWIS MANUFACTURING SERVICES LIMITED
Ultimate Holding Company	LEWIS MANUFACTURING SERVICES LT
Trading Address	14 CAUSEWAY HEAD RD,SHEFFIELD,S17 3DT

Telephone	01142-353301



	Average Risk - This company has an average risk status and should be treated with a degree of caution

Credit Limit	GBP 72,800
	Selling to this company? The Credit Limit is the recommended maximum outstanding debtor exposure at any one time.

Contract Limit	GBP 607,800
	Buying from this company? The Contract Limit is the recommended aggregate annual value for supply contracts.

Official Company Data


Legal Form	Private Limited Liability Company (GB)
Registration Number	01172276
Date of Incorporation	31/05/1974
Registered Office	14 Causeway Head Road, Dore, Sheffield, S17 3DT
Date of Last Annual Return to Registry	31/03/2007
Activities	Import & export of steel wire
Accounts	The last filed accounts cover the period to 31/12/2006 and were filed on 23/04/2007

Recently Filed Documents

Details of the most recent documents

Date Received	Description
31/03/2007	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

LEWIS SMITH

Occupation

CHAIRMAN DIRECTOR

Address

10, BLACKA MOOR CRESCENT DORE , SHEFFIELD , S17 3GL

Country of Origin

BRITISH

Date of Birth

12/07/1932

Appointment Date

13/03/1991

Other Appointments

LEWIS MANUFACTURING SERVICES LIMITED, RENTATOOL LIMITED

DIRECTOR

PATRICIA SMITH

Occupation

DIRECTOR

Address

10, BLACKA MOOR CRESCENT DORE , SHEFFIELD , S17 3GL

Country of Origin

BRITISH

Date of Birth

24/03/1932

Appointment Date

13/03/1991

Other Appointments

LEWIS MANUFACTURING SERVICES LIMITED

DIRECTOR

ANTONY SHANE DAVENPORT

Occupation

MANAGING DIRECTOR

Address

573, MANCHESTER ROAD CROSSPOOL , SHEFFIELD , S10 5PP

Country of Origin

BRITISH

Date of Birth

27/09/1963

Appointment Date

12/07/2000

Other Appointments

LEWIS MANUFACTURING SERVICES LIMITED

DIRECTOR

ANDREW JOHN HILL

Occupation

ENGINEER

Address

THE GLEN , HULLAND WARD ASHBOURNE , ASHBOURNE , DERBYSHIRE , DE6 3EP

Country of Origin

BRITISH

Date of Birth

24/04/1951

Appointment Date

01/02/2007

Other Appointments

LEWIS MANUFACTURING SERVICES LIMITED

SECRETARY

MS KATHERINE MILLINGTON

Address

2A GILLEYFIELD AVENUE, DORE , SHEFFIELD , SOUTH YORKSHIRE , S17 3NS

Country of Origin

BRITISH

Date of Birth

04/06/1965

Appointment Date

19/05/2004

Recently Resigned Directors (last 3)


DIRECTOR	WILLIAM GREEN
Address	156 , RAVENCARR ROAD , SHEFFIELD , - -
Date of Birth	02/02/1938
Resignation Date	06/03/1995

Share Summary


Shareholder Name	Percentage
K F Millington & Mrs J E Saint & Mrs P Smith & Mr L Smith	68.00%
K F Millington	15.00%
J E Saint	15.00%
Antony Shane Davenport	2.00%

Mortgages and Charges


Total Registered	3
Total Outstanding	3
Total Satisfied	0
Most Recent Mortgage	21/05/2003


Date Registered	22/05/2003
Type	395
Date Created	21/05/2003
Lender	THE ROYAL BANK OF SCOTLAND COMMERCIAL SERVICES LIMITED
Secured On	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT 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 FIXTURES FIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Satisfied?	No

Date Registered	22/04/1996
Type	395
Date Created	17/04/1996
Lender	NATIONAL WESTMINSTER BANK PLC
Secured On	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details	A SPECIFIC EQUITABLE CHARGE OVER ALL FREEHOLD AND LEASEHOLD PROPERTIES ANDOR THE PROCEEDS OF SALE THEREOF, FIXED AND FLOATING CHARGES OVER UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL, BOOKDEBTS AND THE BENEFITS OF ANY LICENCES
Satisfied?	No

Date Registered	27/01/1989
Type	9999
Date Created	20/01/1989
Lender	NATIONAL WESTMINSTER BANK PLC
Secured On	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details	ALL THAT FH PROPERTY KA UNITS 1 AND 2 CHESTERFIELD TRADING ESTATE, BROOMBANK ROAD, CHESTERFIELD DERBYSHIRE A SPECIFIC EQUITABLE CHARGE OVER ALL FREEHOLD AND LEASEHOLD PROPERTIES ANDOR THE PROCEEDS OF SALE THEREOF, FIXED AND FLOATING CHARGES OVER UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL, BOOKDEBTS AND THE BENEFITS OF ANY LICENCES
Satisfied?	No

Public Record Information

Summary of CCJ's/Scottish Decrees

There are no unsatisfied CCJs against the company.

Operations


Activities	Import & export of steel wire
Sic Code	Description
2734	Wire drawing
Staff Employed	6
Auditors	Mortons
Auditors Notes	No Qualification. The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the latest accounts.
Bankers	National Westminster Bank PLC
Sort Codes	544139

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
RETAINED PROFITS	-	-	-	-

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	440	270	263	263
Total Fixed Assets	440	270	263	263
Intermediate Assets	0	0	0	0
TOTAL CURRENT ASSETS	1,435	754	1,351	1,172
Stocks	708	275	430	432
Trade Debtors	726	315	799	739
Cash	0	163	122	0
TOTAL ASSETS	1,874	1,024	1,614	1,435
TOTAL CURRENT LIABILITIES	781	155	767	681
Other Current Liabilities	781	155	767	681
WORKING CAPITAL	654	598	584	491
TOTAL LONG TERM LIABS	0	0	0	0
NET ASSETS/(LIABILITIES)	1,094	869	847	754
SHARE CAPITAL + RESERVES	1,094	868	847	754
Issued Share Capital	0	0	0	0
Reserves	269	89	91	93
Profit and Loss account	825	779	756	661
SHAREHOLDERS FUNDS	1,094	868	847	754
CAPITAL EMPLOYED	1,094	868	847	754
TANGIBLE NET WORTH	1,094	869	847	754

Key Credit Ratios

Accounts Date	31/12/2006	31/12/2005	31/12/2004	31/12/2003
Current Ratio	1.84	4.86	1.76	1.72
Quick Ratio	0.93	3.09	1.20	1.09
T.N.W/Total Assets	0.58	0.85	0.52	0.53

Financial Summary

Working Capital	The company's working capital improved in the period by 9%
Tangible Net Worth	Net worth increased by 225,000 during the period and now stands at GBP 1,094,000
Fixed Assets	The subjects fixed assets increased during the period by GBP 170,000 to GBP 440,000 and are now 23% of total assets compared with 26% in the previous period

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%)

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