Name of the company

company summary

Secondary Industry Code Details

Mortgage Details

Shareholders Details

accounts

ccj's

group structure

Status History

Event History

directors

MIRA INFORM REPORT

Report Date :

13.12.2008

IDENTIFICATION DETAILS

Name :	FHC DIRECT LIMITED

Registered Office :	134A Gilford Road, Portadown, Co Armagh, BT63 5LD

Country :	United Kingdom

Financials (as on) :	31.03.2006

Date of Incorporation :	04.03.2003

Legal Form :	Private Limited with Share Capital

Line of Business :	Importers of various Hardware Goods.

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate

Payment Behaviour :	Unknown

Litigation :	Clear

FHC DIRECT LIMITED

Number NI045651

Phone		Type	Private limited with Share Capital
Address	134A GILFORD ROAD, PORTADOWN, CO ARMAGH, BT63 5LD	Company Status	Financial Statements too old
Postcode	BT63 5LD	Incorporated Date	04/03/2003

	Active CCJ's	2
	Value of CCJ's [£]	£5115.36
	Number Of Writs	0

	Current Directors	3
	Total Directorships	4

Trading to Date	31/03/06	31/03/05	31/03/04
Turnover	-	£16,296	£77,824
Shareholder Funds	£-215	£-34	£-13
Employees	-	-	-

	Trends
	Profitability
	Liquidity
	Shareholders Funds

	SIC Code	Description

Mortgage Type:	debenture dated 14 august 2007
Date Charge Created:	14/08/2007	Date Charge Registered:	23/08/2007
Date Charge Satisfied:		Status:	Outstanding
Person(s) Entitled:	HSBC BANK PLC
Amount Secured:	all money and liabilities whatever, whenever and howsoever incurred by the mortgagor whether now or in the future.
Details:	legal mortgage on all freehold and leasehold land now vested in the mortgagor including but not limited to the land and properties specified in part 1 of the first schedule to the debenture together with all buildings fixtures fittings and fixed plant and machinery now or at any time hereafter thereon, andfirst fixed charge on i) all present and future right title and interest of the mortgagor in or to any freehold or leasehold or other immovable property wherever situated and all fixtures fittings and fixed plant and machinery now or at any time hereafter thereon. ii) benefit of all rights licences guarantees rent deposits contracts deeds undertakings and warranties relating to any land or other property and/or to any trade or business from time to time carried on by the mortgagor; iii) all chattels including but not limited to the chattels referred to in the second schedule to the debenture now or in the future belonging to the company including all additions and improvements thereto and replacements thereof; iv) all book debts and other debts and monetary claims and any rents licences fees or other payments now or at any time hereafter due owing or incurred to the mortgagor but not including such debts (if any) as the bank may from time to time have agreed in writing with the mortgagor shall not be subject to this fixed charge together with the full benefit of all guarantees and securities and all liens reservations of title and other rights in respect of the said debts and claims; v) any credit balance on any account of the mortgagor with the bank; vi) all goodwill and uncalled capital for the time being of the mortgagor; vii) all stock shares debentures bonds loan capital and other securities including but not limited to the securities referred to in the second schedule to the debenture of any description of any other person and all rights to subscribe or convert other securities into or otherwise acquire any such securities now or at any time hereafter belonging to the mortgagor together with all dividends interest and other income and all other rights of whatsoever kind; viii) all letters patent trademarks service marks desings utilitily models copyrights design rights applications for registration of any of the foregoing and the right to apply for them in any part of the world moral rights investnions confidential information know-how and rights of like nature arising or subsisting anywhere in the world in relation to all of the foregoing whether registered or unregistered now or any time hereafter beloning to the mortgagor including but not limited to those referred to in the second schedule to this debenture. ix) all policies of life insurance or assurance and all rights and claims to which the mortgagor is now or may at any time hereafter become entitled in relation to the proceeds thereof or of any other policies of insurance of any description; x) all rights and other property to which the mortgagor is now or may at any time hereafter become entitled as a result of or in connection wit any proceedings threatened or commenced under the insolvency act 1986 or any similar legislation in any jurisdiction. xi) the benefits of all agreements for the provision by the mortgagor to any person or any loan or credit or other financial accommodation of any description now or at any time hereafter entered into by the mortgagor.

PROFIT & LOSS

Annual Accounts	04/05-03/06	Change (%)	04/04-03/05	Change (%)	04/03-03/04
Months	12	-	12	-	12
Currency	GBP	-	GBP	-	GBP
Consolidated A/cs	N	-	N	-	N
Turnover	-	-100.0 %	16,296	-79.1 %	77,824
Export	-	-	-	-	-
Cost of Sales	-	-100.0 %	16,296	-79.1 %	77,824
Gross Profit	-	-	-	-	-
Wages & Salaries	-	-	-	-	-
Directors Emoluments	-	-	-	-	-
Operating Profits	-238	-59.7 %	-149	-112.9 %	-70
Depreciation	-	-	-	-	-
Audit Fees	-	-	-	-	-
Interest Payments	-	-	-	-	-
Pre Tax Profit	-182	-766.7 %	-21	-61.5 %	-13
Taxation	-	-	-	-	-
Profit After Tax	-182	-766.7 %	-21	-61.5 %	-13
Dividends Payable	-	-	-	-	-
Retained Profits	-182	-766.7 %	-21	-61.5 %	-13

BALANCE SHEET

Annual Accounts	04/05-03/06	Change (%)	04/04-03/05	Change (%)	04/03-03/04
Tangible Assets	-	-	-	-	-
Intangible Assets	-	-	-	-	-
Total Fixed Assets	-	-	-	-	-
Total Current Assets	11,563	-36.0 %	18,071	-33.3 %	27,092
Trade Debtors	5,587	-40.7 %	9,417	-	-
Stocks & WIP	-	-	-	-100.0 %	16,296
Cash	5,973	-31.0 %	8,654	172.6 %	3,175
Other Debtors	-	-	-	-100.0 %	7,621
Increase In Cash	-2,681	-148.9 %	5,479	72.6 %	3,175
Miscellaneous Current Assets	3	-	-	-	-
Total Assets	11,563	-36.0 %	18,071	-33.3 %	27,092
Total Current Liabilities	11,778	-34.9 %	18,105	-33.2 %	27,105
Trade Creditors	208	1.5 %	205	-	-
Bank Loans & Overdrafts	-	-	-	-	-
Other Short Term Fin	11,570	-35.4 %	17,900	-33.5 %	26,900
Miscellaneous Current Liabilities	-	-	-	-100.0 %	205
Other Long Term Fin	-	-	-	-	-
Total Long Term Liabilities	-	-	-	-	-
Bank Loans & Overdrafts & LTL	-	-	-	-	-
Total Liabilities	11,778	-34.9 %	18,105	-33.2 %	27,105
Net Assets	-215	-532.4 %	-34	-161.5 %	-13
Working Capital	-215	-532.4 %	-34	-161.5 %	-13

CAPITALS & RESERVES

Annual Accounts	04/05-03/06	Change (%)	04/04-03/05	Change (%)	04/03-03/04
Called up Share Capital	-	-	-	-	-
P&L Account Reserve	-215	-532.4 %	-34	-161.5 %	-13
Sundry Reserves	-	-	-	-	-
Revaluation Reserve	-	-	-	-	-
Shareholder Funds	-215	-532.4 %	-34	-161.5 %	-13
Net Worth	-215	-532.4 %	-34	-161.5 %	-13

MISCELLANEOUS

Annual Accounts	04/05-03/06	Change (%)	04/04-03/05	Change (%)	04/03-03/04
Net Cashflow from Operations	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-
Contingent Liability	NO	-	NO	-	NO
Capital Employed	-215	-532.4 %	-34	-361.5 %	13
No of Employees	-	-	-	-	-

	Auditors
	AuditQualification	No Adverse Comments
	Bankers
	BankBranchCode

RATIOS

Annual Accounts	04/05-03/06	04/04-03/05	04/03-03/04
Pre-tax profit margin %	-	-0.1 %	0.0 %
Current ratio	0.98	1.00	1.00
Sales/Net Working Capital	0.00	-479.29	-5,986.46
Gearing %	0.0 %	0.0 %	0.0 %
Equity in %	-1.9 %	-0.2 %	0.0 %
Creditor Days	-	4.58	0.00
Debtor Days	-	210.35	0.00
Liquidity/Acid Test	0.98	1.00	0.40
Return On Capital Employed %	84.7 %	61.8 %	-100.0 %
Return On Total Assets Employed %	-1.6 %	-0.1 %	-0.1 %
Current Debt Ratio %	-54.8 %	-532.5 %	-2,085.0 %
Total Debt Ratio %	-54.8 %	-532.5 %	-2,085.0 %
Stock Turnover Ratio %	-	-	20.9 %
Return on Net Assets Employed %	84.7 %	61.8 %	100.0 %

	Active CCJ's	2
	Value of CCJ's [£]	£5115.36
	Number Of Writs	0

	Year	CCJ's	Writs Registered
	2008	2	0

Date	Court	Amount	Status	Case Number	Date Paid
11/05/2008	CIVIL PROCESSING CENTRE	£2402.73	Judgement	08/085418
09/05/2008	CIVIL PROCESSING CENTRE	£2712.63	Judgement	08/078594

No group structure for this company.

Date	Description
No Status History

Date	Description
11/11/2008	Ccj Record (judgement)
09/09/2008	Ccj Record (judgement)
01/04/2008	New Accounts Filed
01/04/2008	New Accounts Filed
15/02/2005	New Accounts Filed
12/06/2004	Data Refresh
30/04/2004	Annual Returns

Shares

Samuel Mcgowan

1 Ord £1 Share

Gerald Shields

1 Ord £1 Share

Telephone Number

134A Gilford Road Portadown BT63 5LD

Name	Gerald James Shields
Address	13A Gilford Road
	Portadown
	BT63 5LD
Officers Title	Mr	Date Of Birth
Honours		Present Appointments	2
Appointment Date		Function	Company Secretary

Name	Gerald James Shields
Address	13A Gilford Road
	Portadown
	BT63 5LD
Officers Title	Mr	Date Of Birth	29/12/1957
Honours		Present Appointments	2
Appointment Date	04/03/2003	Function	Director

Name	Samuel James McGowan
Address	7 Knightswood
	Templepatrick
	BT39 0AX
Officers Title	Mr	Date Of Birth	16/10/1951
Honours		Present Appointments	2
Appointment Date	04/03/2003	Function	Director

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.47.94
UK Pound	1	Rs.72.07
Euro	1	Rs.64.70

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

Web Address		Incorporation Date	04/03/2003
Type of Accounts		Filing Date of Accounts	28/03/2008
Company Type	Private Limited With Share Capital	Date of Latest Accounts	31/03/2006
Annual Return	04/03/2004

	Registered Address		Trading Address
	Telephone Number		Telephone Number
	TPS		TPS
	Address		Address
	134A GILFORD ROAD PORTADOWN CO ARMAGH BT63 5LD		134A Gilford Road Portadown BT63 5LD

	Mortgage Charges
	Outstanding	1	Satisfied	0