MIRA INFORM REPORT

Report Date :

26.04.2008

IDENTIFICATION DETAILS

Name :	C P COMPONENT SYSTEMS LIMITED
Registered Office :	Sovereign Hse 12 Warwick, St Coventry, W Mids, CV5 6ET
Country :	United Kingdom
Financials (as on) :	31.12.2006
Date of Incorporation :	24.01.2006
Com. Reg. No.:	05686074
Legal Form :	Private Limited Liability Company (GB)
Line of Business :	Manufacture of Parts and Accessories for Motor Vehicles and their Engines

RATING & COMMENTS

MIRA’s Rating :

B

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 :	Small Company
Payment Behaviour :	No Complaints
Litigation :	Clear

Company Identification Details

Subject Reported on	C P COMPONENT SYSTEMS LIMITED
Registered Office	Sovereign Hse 12 Warwick, St Coventry, W Mids, CV5 6ET

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

Official Company Data

Legal Form	Private Limited Liability Company (GB)
Registration Number	05686074
Date of Incorporation	24/01/2006
Registered Office	Sovereign Hse 12 Warwick, St Coventry, W Mids, CV5 6ET
Date of Last Annual Return to Registry	24/01/2008
Accounts	The last filed accounts cover the period to 31/12/2006 and were filed on 17/08/2007

Recently Filed Documents

Details of the most recent documents

Date Received	Description
24/01/2008	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	STEVEN  JASPAL  (One or more of this director's other companies has adverse information related to it)
Occupation	DIRECTOR
Address	HIGHFIELD ,  LONG ITCHINGTON , LEAMINGTON SPA , WARWICKSHIRE , CV33 9AY
Country of Origin	BRITISH
Date of Birth	30/08/1965
Appointment Date	24/01/2006
Other Appointments	B2-MARKET LIMITED, C P COMPONENT SYSTEMS LIMITED, C.P. PRECISION TOOLING LIMITED, CONTINENTAL GROUP LIMITED, CONTINENTAL PRODUCTS LIMITED, CP BUILDING SYSTEMS LTD, CP VEHICLE SYSTEMS (UK) LIMITED
DIRECTOR	STEPHEN JOHN PARRY  (One or more of this director's other companies has adverse information related to it)
Occupation	DIRECTOR
Address	5,  WINDMILL CLOSE , WINDSOR , BERKS , SL4 3NZ
Country of Origin	BRITISH
Date of Birth	26/01/1958
Appointment Date	24/01/2006
Other Appointments	C P COMPONENT SYSTEMS LIMITED, C.P. PRECISION TOOLING LIMITED, CONTINENTAL GROUP LIMITED, CONTINENTAL PRODUCTS LIMITED, CP PROJECTS LIMITED
SECRETARY	MR  MARK WILKINSON
Address	FLAT 141 CITY POINT II,  156 CHAPEL STREET , SALFORD , MANCHESTER , M3 6ET
Country of Origin	BRITISH
Date of Birth	12/07/1973
Appointment Date	05/03/2008

Recently Resigned Directors (last 3)

None

Share Summary

Share Currency:	GBP
Priniciple Shareholders:	Type Of Share	No. of Shares	Value	Voting %age
Mr Stephen John Parry	ORD	50	50.00	50.00
Mr Steven Jaspal	ORD	50	50.00	50.00

Mortgages and Charges

Total Registered	3
Total Outstanding	3
Total Satisfied	0
Most Recent Mortgage	15/05/2007

Date Registered	18/05/2007
Type	395
Date Created	15/05/2007
Lender	HSBC INVOICE FINANCE (UK) LTD ("THE SECURITY HOLDER")
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	BY WAY OF FLOATING CHARGE ALL THE UNDERTAKING OF THE COMPANY AND ALL ASSETS WHATSOEVER AND WHERESOEVER INCLUDING STOCK IN TRADE AND UNCALLED CAPITAL BUT EXCLUDING ANY DEBTS AND ASSOCIATED RIGHTS RELATING THERETO
Satisfied?	No
Date Registered	18/05/2007
Type	395
Date Created	15/05/2007
Lender	HSBC INVOICE FINANCE (UK) LTD ("THE SECURITY HOLDER")
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	BY WAY OF FIXED EQUITABLE CHARGE ALL DEBTS PURCHASED OR PURPORTED TO BE PURCHASED BY THE SECURITY HOLDER PURSUANT TO AN AGREEMENT FOR THE PURCHASE OF DEBTS BETWEEN THE SECURITY HOLDER AND THE COMPANY (INCLUDING ASSOCIATED RIGHTS RELATING THERETO) WHICH FAIL TO VEST EFFECTIVELY OR ABSOLUTELY IN THE SECURITY HOLDER FOR ANY REASON
Satisfied?	No
Date Registered	25/04/2006
Type	395
Date Created	24/04/2006
Lender	HSBC BANK PLC
Secured On	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
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
Satisfied?	No

Public Record Information

Summary of CCJ's/Scottish Decrees

There are no unsatisfied CCJs against the company.

Operations

Sic Code	Description
3430	Manufacture of parts and accessories for motor vehicles and their engines
Staff Employed
Auditors	Burrows Scarborough
Auditors Notes	No Qualification. The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the latest accounts.

Financial Data

Profit and Loss

Number of Weeks	52
Accounts Date	31/12/2006
Currency	GBP
Units	units
Consolidated?	No
RETAINED PROFITS	-	-	-

Balance Sheet

Number of Weeks	52
Accounts Date	31/12/2006
Currency	GBP
Units	units
Consolidated?	No
TOTAL FIXED ASSETS	0
TOTAL CURRENT ASSETS	157,799
Stocks	66,502	-	-	-
Trade Debtors	88,367	-	-	-
Cash	2,930	-	-	-
TOTAL ASSETS	157,799
TOTAL CURRENT LIABILITIES	194,246
Bank Overdraft	1,974	-	-	-
Other Current Liabilities	192,272	-	-	-
WORKING CAPITAL	-36,447
TOTAL LONG TERM LIABS	0
NET ASSETS/(LIABILITIES)	-36,447
SHARE CAPITAL + RESERVES	-36,447
Issued Share Capital	100	-	-	-
Profit and Loss account	-36,547	-	-	-
SHAREHOLDERS FUNDS	-36,447
CAPITAL EMPLOYED	-36,447
TANGIBLE NET WORTH	-36,447

Key Credit Ratios

Accounts Date	31/12/2006
Current Ratio	0.81
Quick Ratio	0.47
T.N.W/Total Assets	-0.23
Solvency (%)	-532.95

Previous Searches on this Company

Last 3 Months	Last 6 Months	Last 12 Months
1	1	1

Date	Time	SIC Code	SIC Category
23/01/2008	8:53AM	6411	National post activities

*

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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