MIRA INFORM REPORT

Report Date :

05.08.2008

IDENTIFICATION DETAILS

Name :	TECWIN LIMITED
Registered Office :	7 Parsons Street, Dudley, West Midlands, DY1 1JJ
Country :	United Kingdom
Financials (as on) :	31.03.2007
Date of Incorporation :	21.01.2004
Com. Reg. No.:	05021739
Legal Form :	Private Limited Liability Company (GB)
Line of Business :	Renting of Other Machinery and Equipment

RATING & COMMENTS

MIRA’s Rating :

Ba

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

Status :	Small Company
Payment Behaviour :	No Complaints
Litigation :	Clear

Company Identification Details

Subject Reported on	TECWIN LIMITED
Registered Office	7 Parsons Street, Dudley, West Midlands, DY1 1JJ

	This company has an average risk status and should be treated with a degree of caution
Credit Limit	GBP   200
	Selling to this company? The Credit Limit is the recommended maximum outstanding debtor exposure at any one time.
Contract Limit	GBP   3,100
	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	05021739
Date of Incorporation	21/01/2004
Registered Office	7 Parsons Street, Dudley, West Midlands, DY1 1JJ
Date of Last Annual Return to Registry	21/01/2008
Accounts	The last filed accounts cover the period to 31/03/2007 and were filed on 28/09/2007

Recently Filed Documents

Details of the most recent documents

Date Received	Description
21/01/2008	Annual Return
31/03/2007	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	ALAN  BASS  (One or more of this director's other companies has adverse information related to it)
Occupation	MANAGEMENT CONSULTANT
Address	368,  LICKEY ROAD REDNAL , BIRMINGHAM , B45 8RZ
Date of Birth	26/09/1950
Appointment Date	02/02/2004
Other Appointments	A K COMMERCIAL LIMITED, ABRASIVE MULTIBLASTING LIMITED, TECWIN LIMITED
SECRETARY	MRS  ANGELA BASS
Address	368 LICKEY ROAD,  REDNAL , BIRMINGHAM , WEST MIDLANDS , B45 8RZ
Country of Origin	BRITISH
Date of Birth	12/11/1951
Appointment Date	02/02/2004

Recently Resigned Directors (last 3)

DIRECTOR	TIMOTHY ANDREW GOWER
Occupation	ACCOUNTANT
Address	12 , GEORGE ROAD , BIRMINGHAM , - -
Date of Birth	22/07/1963
Resignation Date	08/04/2004
DIRECTOR	MR ROBERT ADRIAN CLARKE
Occupation	ACCOUNTANT
Address	4 , TURTON GARDENS , REDDITCH , WORCS , - -
Date of Birth	01/04/1960
Resignation Date	08/04/2004
DIRECTOR	CREDITREFORM LIMITED  -
Address	RUSKIN CHAMBERS 191 , CORPORATION STREET , BIRMINGHAM , - -
Resignation Date	02/02/2004

Share Summary

Share Currency:	GBP
Priniciple Shareholders:	Type Of Share	No. of Shares	Value	Voting %age
Mrs A Bass	ORD	1	1.00	100.00

Mortgages and Charges

Total Registered	1
Total Outstanding	1
Total Satisfied	0
Most Recent Mortgage	31/03/2004

Date Registered	07/04/2004
Type	395
Date Created	31/03/2004
Lender	REGENCY FACTORS PLC
Secured On	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE 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
Satisfied?	No

Public Record Information

Summary of CCJ's/Scottish Decrees

There are no unsatisfied CCJs against the company.

Operations

Sic Code	Description
7134	Renting of other machinery and equipment not elsewhere classified
Staff Employed

Financial Data

Profit and Loss

Number of Weeks	52	52	52
Accounts Date	31/03/2007	31/03/2006	31/03/2005
Currency	GBP	GBP	GBP
Units	units	units	units
Consolidated?	No	No	No
RETAINED PROFITS	-	-	-

Balance Sheet

Number of Weeks	52	52	52
Accounts Date	31/03/2007	31/03/2006	31/03/2005
Currency	GBP	GBP	GBP
Units	units	units	units
Consolidated?	No	No	No
TOTAL FIXED ASSETS	31,997	35,658	30,887
Total Fixed Assets	31,997	35,658	30,887	-
TOTAL CURRENT ASSETS	28,886	22,281	11,041
Stocks	10,044	-	-	-
Trade Debtors	12,312	18,690	11,041	-
Cash	6,530	3,591	-	-
TOTAL ASSETS	60,883	57,939	41,928
TOTAL CURRENT LIABILITIES	47,486	54,503	31,979
Other Current Liabilities	47,486	54,503	31,979	-
WORKING CAPITAL	-18,600	-32,222	-20,938
TOTAL LONG TERM LIABS	4,152	9,444	9,444
Other Long Term Liabilities	4,152	9,444	9,444	-
NET ASSETS/(LIABILITIES)	13,397	3,436	9,949
SHARE CAPITAL + RESERVES	9,245	-6,008	505
Issued Share Capital	1	1	1	-
Profit and Loss account	9,244	-6,009	504	-
SHAREHOLDERS FUNDS	9,245	-6,008	505
CAPITAL EMPLOYED	13,397	3,436	9,949
TANGIBLE NET WORTH	9,245	-6,008	505

Key Credit Ratios

Accounts Date	31/03/2007	31/03/2006	31/03/2005
Current Ratio	0.61	0.41	0.35
Quick Ratio	0.40	-	-
T.N.W/Total Assets	0.15	-0.10	0.01
Equity Gearing	0.02	-0.01	0.00
Solvency (%)	558.55	-1064.36	8202.57

Financial Summary

Working Capital	The company's working capital deficiency decreased in the period and now stands at GBP  18,600,units
Tangible Net Worth	Net worth increased by 15,253 during the period and now stands at GBP  9,245,units
Fixed Assets	The subjects fixed assets reduced during the period by GBP  3,661 to GBP  31,997,units and are now 53% of total assets compared with 62% in the previous period
Long Term Liabilities	The company's long term liabilities reduced during the period by 56% and are now 45% of net worth compared with -157% in the previous period
Long Term Liabilities	Long term liabilities are now 7% of total assets compared with 16% 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