MIRA INFORM REPORT

Report Date :

15-12-2008

IDENTIFICATION DETAILS

Name :	MIXING SOLUTIONS LIMITED

Formerly Known as :	FINLAW 369 LIMITED

Registered Office :	179 Great Portland Street, London, W1W 5LW

Country :	United Kingdom

Financials (as on) :	31.12.2007

Date of Incorporation :	02.06.2002

Legal Form :	Private Limited With Share Capital

Line of Business :	The Design and Manufacture of Agitation Equipment

RATING & COMMENTS

MIRA’s Rating :

RATING

STATUS

PROPOSED CREDIT LINE

<10

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

Status :	Poor

Payment Behaviour :	Slow

Litigation :	Clear

Name of the company

MIXING SOLUTIONS LIMITED

Number 04453452

company summary

Phone		Type	Private limited with Share Capital
Address	179 GREAT PORTLAND STREET, LONDON, W1W 5LW	Company Status	Active - Accounts Filed
Postcode	W1W 5LW	Incorporated Date	02/06/2002

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

	Current Directors	4
	Total Directorships	78

* Trading to Date	31/12/07	31/12/06	31/12/05
Turnover	£9,598,559	£7,517,110	£6,283,338
Shareholder Funds	£-889,173	£-144,955	£256,234
Employees	43	39	34

	Trends
	Profitability
	Liquidity
	Shareholders Funds

Previous Names Details

	Previous Name(s)
	Changed :	23/07/2002	Finlaw 369 Limited

Secondary Industry Code Details

	SIC Code	Description
	7487	Other Business Activities

Mortgage Details

Mortgage Type:	charge of deposit
Date Charge Created:	16/06/2006	Date Charge Registered:	21/06/2006
Date Charge Satisfied:		Status:	Outstanding
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	all monies due or to become due from the company to the chargee on any account whatsoever.
Details:	all deposits now and in the future credi ted to account designation 550/01/650006 68 with the bank and any deposit or acco unt of any other description or designat ion which derives in whole or in part fr om such deposits or account

Mortgage Type:	charge of deposit
Date Charge Created:	16/06/2006	Date Charge Registered:	21/06/2006
Date Charge Satisfied:		Status:	Outstanding
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	all monies due or to become due from the company to the chargee on any account whatsoever.
Details:	all deposits now and in the future credi ted to account designation 140/01/103917 70 with the bank and any deposit or acco unt of any other description or designat ion which derives in whole or in part fr om such deposits or account

Mortgage Type:	charge of deposit
Date Charge Created:	16/06/2006	Date Charge Registered:	21/06/2006
Date Charge Satisfied:		Status:	Outstanding
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	all monies due or to become due from the company to the chargee on any account whatsoever.
Details:	all deposits now and in the future credi ted to account designation 62072420 with the bank and any deposit or account of any other description or designation whi ch derives in whole or in part from such deposits or account

Shareholders Details

	Name	Shares
	Thunder Basin Corporation	2 Ordinary Gbp 1.00

Trading Address Details

	Address	Telephone Number	TCPS
	179 Great Portland Street W1W 5LW

accounts

Profit & Loss

*	Annual Accounts	01/07-12/07	Change (%)	01/06-12/06	Change (%)	01/05-12/05
	Months	12	-	12	-	12
	Currency	GBP	-	GBP	-	GBP
	Consolidated A/cs	N	-	N	-	N
	Turnover	9,598,559	27.7 %	7,517,110	19.6 %	6,283,338
	Export	8,568,138	28.2 %	6,684,754	15.2 %	5,801,143
	Cost of Sales	6,981,030	31.6 %	5,302,943	16.0 %	4,569,597
	Gross Profit	2,617,529	18.2 %	2,214,167	29.2 %	1,713,741
	Wages & Salaries	1,830,126	10.3 %	1,659,757	31.0 %	1,267,000
	Directors Emoluments	201,643	-16.2 %	240,579	-19.8 %	300,125
	Operating Profits	-625,801	-155.9 %	-244,593	57.1 %	-570,337
	Depreciation	104,642	35.2 %	77,422	30.1 %	59,524
	Audit Fees	20,000	1.0 %	19,800	23.8 %	16,000
	Interest Payments	161,894	0.3 %	161,443	20.6 %	133,855
	Pre Tax Profit	-745,273	-161.0 %	-285,523	53.8 %	-618,009
	Taxation	1,055	100.9 %	-115,666	-160.4 %	191,455
	Profit After Tax	-744,218	-85.5 %	-401,189	5.9 %	-426,554
	Dividends Payable	-	-	-	-	-
	Retained Profits	-744,218	-85.5 %	-401,189	5.9 %	-426,554

BALANCE SHEET

*	Annual Accounts	01/07-12/07	Change (%)	01/06-12/06	Change (%)	01/05-12/05
	Tangible Assets	542,028	-11.6 %	613,318	436.9 %	114,238
	Intangible Assets	-	-	-	-	-
	Total Fix Assets	542,028	-11.6 %	613,318	436.9 %	114,238
	Total Current Assets	3,688,433	-46.4 %	6,877,837	2.6 %	6,702,337
	Trade Debtors	1,635,224	2.7 %	1,591,872	10.3 %	1,443,699
	Stock	1,176,308	-50.3 %	2,368,457	66.3 %	1,424,164
	Cash	494,267	-80.5 %	2,534,074	-26.4 %	3,444,439
	Other Current Assets	382,634	-0.2 %	383,434	-1.7 %	390,035
	Increase In Cash	-2,039,807	-124.1 %	-910,365	-132.3 %	2,822,544
	Miscellaneous Current Assets	-	-	-	-	-
	Total Assets	4,230,461	-43.5 %	7,491,155	9.9 %	6,816,575
	Total Current Liabilities	5,020,154	-32.9 %	7,481,090	15.8 %	6,463,101
	Trade Creditors	1,283,498	-26.1 %	1,737,545	-	-
	Bank Overdraft	-	-	-	-	-
	Other Short Term Fin	3,418,178	36.1 %	2,510,857	-11.4 %	2,833,731
	Miscellaneous Current Liabilities	318,478	-90.1 %	3,232,688	-10.9 %	3,629,370
	Other Long Term Fin	-	-	-	-	-
	Total Long Term Liabilities	99,480	-35.8 %	155,020	59.4 %	97,240
	Bank Overdraft & LTL	99,480	-35.8 %	155,020	59.4 %	97,240
	Total Liabilities	5,119,634	-33.0 %	7,636,110	16.4 %	6,560,341
	Net Assets	-889,173	-513.4 %	-144,955	-156.6 %	256,234
	Working Capital	-1,331,721	-120.8 %	-603,253	-352.2 %	239,236

CAPITALS & RESERVES

*	Annual Accounts	01/07-12/07	Change (%)	01/06-12/06	Change (%)	01/05-12/05
	Paid up equity	2	-	2	-	2
	P&L Account Reserve	-1,018,668	-271.2 %	-274,450	-316.5 %	126,739
	Sundry Reserves	129,493	-	129,493	-	129,493
	Revaluation Reserve	-	-	-	-	-
	Shareholder Funds	-889,173	-513.4 %	-144,955	-156.6 %	256,234
	Net Worth	-889,173	-513.4 %	-144,955	-156.6 %	256,234

MISCELLANEOUS

*	Annual Accounts	01/07-12/07	Change (%)	01/06-12/06	Change (%)	01/05-12/05
	Net Cashflow from Operations	-2,480,699	-	-	-	-
	Net Cashflow before Financing	-2,912,139	-	-	-	-
	Net Cashflow from Financing	857,300	-	-	-	-
	Contingent Liability	NO	-	NO	-	NO
	Capital Employed	-789,693	-7,945.9 %	10,065	-97.2 %	353,474
	No of Employees	43	10.3 %	39	14.7 %	34

	Auditors	PRICEWATERHOUSECOOPERS LLP
	AuditQualification	No Adverse Comments
	Bankers
	BankBranchCode

RATIOS

*	Annual Accounts	01/07-12/07	01/06-12/06	01/05-12/05
	Pre-tax profit margin %	-7.8 %	-3.8 %	-9.8 %
	Current ratio	0.73	0.92	1.04
	Sales/Net Working Capital	-7.21	-12.46	26.26
	Gearing %	-11.2 %	-106.9 %	37.9 %
	Equity in %	-21.0 %	-1.9 %	3.8 %
	Creditor Days	48.67	84.14	0.00
	Debtor Days	62.01	77.08	83.86
	Liquidity/Acid Test	0.50	0.60	0.82
	Return On Capital Employed %	94.4 %	-2,836.8 %	-174.8 %
	Return On Total Assets Employed %	-17.6 %	-3.8 %	-9.1 %
	Current Debt Ratio %	-5.6 %	-51.6 %	25.2 %
	Total Debt Ratio %	-5.8 %	-52.7 %	25.6 %
	Stock Turnover Ratio %	12.3 %	31.5 %	22.7 %
	Return on Net Assets Employed %	83.8 %	197.0 %	-241.2 %

group structure

	Ultimate Parent Company	AMERICAN MANUFACTURING CORP
	Companies in Group	2

Company Name	Registered Number	Latest Annual Accounts
AMERICAN MANUFACTURING CORP	U.S.A.	N/A
MIXING SOLUTIONS LIMITED<<<	04453452	31/12/2007

Status History

Date	Description
No Status History

Event History

Date	Description
07/11/2008	New Accounts Filed
04/11/2008	Annual Returns
27/09/2008	Mr P.j. Knights Has Left The Board
05/09/2008	Annual Returns
18/12/2007	New Accounts Filed
03/07/2007	Annual Returns
21/12/2006	New Company Secretary (filex Services Limited) Appointed
01/11/2006	New Accounts Filed
14/11/2005	New Accounts Filed
11/07/2005	New Board Member (carl Douglas Andersrapp) Appointed
30/06/2005	Simon Colin Maxwellhunt Has Left The Board
25/04/2005	New Board Member (john Brace) Appointed
06/12/2004	New Accounts Filed
13/09/2004	New Accounts Filed
23/07/2004	Annual Returns

directors

Name	FILEX SERVICES LIMITED
Address	179 Great Portland Street
	London
	W1W 5LS
Officers Title		Date Of Birth
Honours		Present Appointments	71
Appointment Date		Function	Company Secretary

Name	Carl Douglas Anders Rapp
Address	54, Silo Hill Drive
	Richboro
	Pa 18954
	Usa
Officers Title	Mr	Date Of Birth	16/10/1960
Honours		Present Appointments	1
Appointment Date	10/06/2005	Function	Director

Name	John Richard Brace
Address	Old Parsonage Farm
	Hanley Castle
	Worcester
	WR8 0BU
Officers Title	Mr	Date Of Birth	12/01/1954
Honours		Present Appointments	1
Appointment Date	01/04/2005	Function	Director

Name	Thomas Ferdinand Paul May
Address	Lower Penn House
	Hilmarton
	Calne
	SN11 8SA
Officers Title	Mr	Date Of Birth	07/01/1938
Honours		Present Appointments	5
Appointment Date	10/07/2002	Function	Director

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.50.03
UK Pound	1	Rs.74.42
Euro	1	Rs.62.71

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	02/06/2002
Type of Accounts	Full Accounts	Filing Date of Accounts	30/10/2008
Company Type	Private Limited With Share Capital	Date of Latest Accounts	31/12/2007
Annual Return	02/06/2008

	Registered Address		Trading Address
	Telephone Number		Telephone Number
	TPS		TPS
	Address		Address
	179 GREAT PORTLAND STREET LONDON W1W 5LW		179 Great Portland Street W1W 5LW

	Industry:
	The Design And Manufacture Of Agitation Equipment.

	Mortgage Charges
	Outstanding	3	Satisfied	0