MIRA INFORM REPORT

Report Date :

17.09.2007

IDENTIFICATION DETAILS

Name :	DIFFERENT PACKAGING LIMITED

Registered Office :	Woodland Granaries Wymeswold, Lodge Narrow Lane, Wymeswold, LE12

Country :	United Kingdom

Financials (as on) :	31.05.2006

Date of Incorporation :	13/03/2003

Com. Reg. No.:	04696887

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
26-40	B	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate

Payment Behaviour :	Slow

Litigation :	Unknown

Company Identification Details


Subject Reported on	DIFFERENT PACKAGING LIMITED
Telephone	01664-566738
Registered Office	Woodland Granaries Wymeswold, Lodge Narrow Lane, Wymeswold, LE12

Significant Event

PLEASE NOTE CHANGE OF ADDRESS


PLEASE NOTE CHANGE OF NAME

Official Company Data


Legal Form	Private Limited Liability Company (GB)
Registration Number	04696887
Date of Incorporation	13/03/2003
Registered Office	Woodland Granaries Wymeswold, Lodge Narrow Lane, Wymeswold, LE12
Date of Last Annual Return to Registry	13/03/2007
Accounts	The last filed accounts cover the period to 31/05/2006 and were filed on 10/04/2007

Recently Filed Documents

Details of the most recent documents

Date Received	Description
13/03/2007	Annual Return
31/05/2006	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

KERAN JULIAN TURAKHIA

Occupation

Address

SYCAMORE HOUSE , NEW ROAD BURTON LAZARS , MELTON MOWBRAY , LEICS , LE14 2UU

Date of Birth

04/07/1966

Appointment Date

13/03/2003

Other Appointments

DIFFERENT PACKAGING LIMITED, DIFFERENT PROMOTIONS LIMITED, PACKAGING MEDIA LIMITED

DIRECTOR

CAROLINE NICOLA TURAKHIA

Occupation

Address

SYCAMORE HOUSE 17, NEW ROAD BURTON LAZARS , MELTON MOWBRAY , LEICS , LE14 2UU

Date of Birth

14/03/1963

Appointment Date

13/03/2003

Other Appointments

DIFFERENT PACKAGING LIMITED, DIFFERENT PROMOTIONS LIMITED

DIRECTOR

RACHEL JANE SWANN

Occupation

Address

29, CHURCH STREET CLOWNE , CHESTERFIELD , DERBYSHIRE , S43 4BJ

Date of Birth

30/06/1970

Appointment Date

01/01/2007

Other Appointments

DIFFERENT PACKAGING LIMITED

SECRETARY

MS CAROLINE TURAKHIA

Address

SYCAMORE HOUSE 17 NEW ROAD, BURTON LAZARS , MELTON MOWBRAY , LEICESTERSHIRE , LE14 2UU

Country of Origin

BRITISH

Date of Birth

14/03/1963

Appointment Date

13/03/2003

Recently Resigned Directors (last 3)

None

Share Summary


Priniciple Shareholders:	Type Of Share	No. of Shares	Value	%age
K J Turakhia				50.00
C N Turakhia				30.00
Rachel Jane Swann				20.00

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
Auditors	Michael Briggs
Auditors Notes	No Qualification. The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the latest accounts.

Financial Data

The following figures are shown in units of 000

Profit and Loss

Number of Weeks	52	52	52
Accounts Date	31/05/2006	31/05/2005	31/05/2004
Currency	GBP	GBP	GBP
Consolidated?	No	No	No
SALES	680	679	482
Cost of goods sold	577	558	358
GROSS PROFIT	104	122	125
General administration costs (-)	122	120	103
Depreciation	1	0	0
Net Operating Profit(Loss)	-18	2	21
Non Trading Income	0	0	0
Total Non Trading Income	0	0	0
Financial Expenses	0	0	0
PRE TAX PROFIT	-18	2	21
PROFIT AFTER TAX	-18	2	18
Net Loss	18	-	-
Dividends Payable	0	0	15
RETAINED PROFITS	-	2	3

Balance Sheet

Number of Weeks	52	52	52
Accounts Date	31/05/2006	31/05/2005	31/05/2004
Currency	GBP	GBP	GBP
Consolidated?	No	No	No
TOTAL FIXED ASSETS	2	2	2
Plant, machinery & equipment	2	2	2
TOTAL CURRENT ASSETS	135	172	86
Trade Debtors	111	137	44
Cash	16	36	33
own shares	8	-	0
TOTAL ASSETS	137	175	88
TOTAL CURRENT LIABILITIES	150	169	85
Trade Creditors	117	99	54
Taxes	6	15	19
Other Current Liabilities	26	22	-
WORKING CAPITAL	-15	3	1
TOTAL LONG TERM LIABS	0	0	0
NET ASSETS/(LIABILITIES)	-13	5	3
SHARE CAPITAL + RESERVES	-13	5	3
Issued Share Capital	0	0	0
Profit and Loss account	-13	5	3
SHAREHOLDERS FUNDS	-13	5	3
CAPITAL EMPLOYED	-13	5	3
TANGIBLE NET WORTH	-13	5	3

Key Credit Ratios

Accounts Date	31/05/2006	31/05/2005	31/05/2004
Current Ratio	0.90	1.02	1.01
Profit Before Tax	-0.03	0.00	0.04
Creditors Days (D.P.O)	74.14	64.87	55.21
Quick Ratio	-	-	-
Return on Assets	-13.14	1.15	23.86
T.N.W/Total Assets	-0.09	0.03	0.03
Return on Capital	138.46	40.00	700.00
Working Capital/Sales	0.00	0.00	0.00
Stock Turnover	0.00	0.00	0.00

Financial Summary

Turnover	Turnover increased by more than 0% in the period. Turnover totaled GBP 680,000 for the period.
Operating Loss	Totaled GBP -18,000 In the period prior a profit of GBP 2,000 was achieved.
Pre Tax	The subject made a loss of GBP 18,000 compared with a profit of GBP 2,000 in the previous period.
Working Capital	The company's working capital deficiency increased in the period and now stands at GBP 15,000
Tangible Net Worth	Net worth reduced by 18,000 during the period and now stands at GBP -13,000
Fixed Assets	The subjects fixed assets increased during the period by GBP to GBP 2,000 and are now 1% of total assets compared with 1% 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%)

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