MIRA INFORM REPORT

Report Date :

17.07.2008

IDENTIFICATION DETAILS

Name :	L N METALS INTERNATIONAL LIMITED
Registered Office :	81 Gracechurch Street, London, EC3V 0AU
Country :	United Kingdom
Financials (as on) :	31.12.2007
Date of Incorporation :	18.11.1998
Com. Reg. No.:	03669575
Legal Form :	Private Limited Liability Company (GB)
Line of Business :	International Non-Ferrous Metal Traders

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

Maximum Credit Limit :	USD   344,100
Status :	Satisfactory
Payment Behaviour :	No Complaints
Litigation :	Clear

Company Identification Details

Subject Reported on	L N METALS INTERNATIONAL LIMITED
Ultimate Holding Company	L N METALS INTERNATIONAL LTD
Trading Address	1 HARBOUR EXCHANGE SQ,LONDON,E14 9GE
Telephone	020-7536-0300

	Assurances in the form of guarantees may be necessary especially if the Credit Limit assigned is required to be exceeded
Credit Limit	US Dollar   344,100
	Selling to this company? The Credit Limit is the recommended maximum outstanding debtor exposure at any one time.
Contract Limit	US Dollar   2,717,400
	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	03669575
Date of Incorporation	18/11/1998
Registered Office	81 Gracechurch Street, London, EC3V 0AU
Date of Last Annual Return to Registry	18/11/2007
Activities	International non-ferrous metal traders
Accounts	The last filed accounts cover the period to 31/12/2007 and were filed on 28/05/2008 with Companies House. Please note that the transition, analysis and publication of these accounts may take up to 10 days to appear on this report.

Recently Filed Documents

Details of the most recent documents

Date Received	Description
18/11/2007	Annual Return
31/12/2007	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	MICHAEL LOUIS SCHONFELD
Occupation	BANKER
Address	ALBERT COURT 36,  PRINCE CONSORT ROAD , LONDON , SW7 2BE
Country of Origin	GERMAN
Date of Birth	18/08/1950
Appointment Date	24/09/2002
Other Appointments	FIRSTRAND (UK) LIMITED, L N METALS INTERNATIONAL LIMITED
DIRECTOR	KEVIN JOHN RHODES
Occupation
Address	30,  LANKESTER SQUARE EASTLANDS WAY , OXTED , SURREY , RH8 0LJ
Date of Birth	04/01/1965
Appointment Date	31/07/2003
Other Appointments	EMETRA LIMITED, L N METALS INTERNATIONAL LIMITED, LN FUTURES LIMITED, RHODES ASSOCIATES LIMITED
DIRECTOR	NIGEL KENNETH DENTOOM  (One or more of this director's other companies has adverse information related to it)
Occupation
Address	ELDEN LODGE ,  LONGAFORD WAY HUTTON , BRENTWOOD , ESSEX , CM13 2LT
Country of Origin	BELGIAN
Date of Birth	23/08/1956
Appointment Date	24/09/2002
Other Appointments	ELDEN CONSULTING SERVICES LIMITED, END OF AN ERA LIMITED, L N METALS INTERNATIONAL LIMITED, LN FUTURES LIMITED, PAMANA LIMITED, THURROCK OPEN DOOR , WATERSCAPE VILLAGE LIMITED
DIRECTOR	IAIN ROY SCOTT PATERSON
Occupation	METAL MERCHANT
Address	COOPERS BRIDGE ,  TUNBRIDGE LANE BRAMSHOTT , LIPHOOK , HANTS , GU30 7RF
Date of Birth	01/10/1956
Appointment Date	02/01/2007
Other Appointments	L N METALS INTERNATIONAL LIMITED
DIRECTOR	IAN STUART MCINTOSH
Occupation	COMPANY DIRECTOR
Address	16,  PLATEAU DE CHAMPEL GENEVE , 1206 SWITZERLAN , SWITZERLAN ,
Country of Origin	BRITISH
Date of Birth	08/08/1961
Appointment Date	31/10/2007
Other Appointments	L N METALS INTERNATIONAL LIMITED
DIRECTOR	MARK CHARLES LOWE
Occupation	COMPANY DIRECTOR
Address	16,  CHEMIN CHARLES-BOUGEAUD 1213 ONEX , GENEVE , SWITZERLAND ,
Country of Origin	BRITISH
Date of Birth	28/12/1960
Appointment Date	31/10/2007
Other Appointments	L N METALS INTERNATIONAL LIMITED
SECRETARY	MR  KEVIN RHODES
Address	30 LANKESTER SQUARE,  EASTLANDS WAY , OXTED , SURREY , RH8 0LJ
Country of Origin	BRITISH
Date of Birth	04/01/1965
Appointment Date	10/04/2003

Recently Resigned Directors (last 3)

DIRECTOR	PAUL FRANCOIS JOHN HELLINCKX
Address	10 , RUE N WEZTER , LUXEMBOURG , - -
Country of Origin	BELGIAN
Date of Birth	30/09/1966
Resignation Date	22/06/2006
DIRECTOR	DR LUCIANO  PERI
Occupation	METAL TRADER
Address	VIA TEDDORO FRIZZONI N 12 24100 , BERGANO , - -
Country of Origin	ITALIAN
Date of Birth	03/06/1950
Resignation Date	31/03/2005
DIRECTOR	NICHOLAS KENNETH HAROLD JOHN
Occupation	COMMODITY BROKER
Address	1A , RIDGEWAY AVENUE , NEWPORT , GWENT , - -
Country of Origin	BRITISH
Date of Birth	28/08/1957
Resignation Date	09/04/2003

Share Summary

Share Currency:	GBP
Principal Shareholders:	Type Of Share	No. of Shares	Value	Voting %age
Louis Dreyfus Commodities Suisse SA	ORD	438,706	438,706.00	33.00
R M B International (Dublin) Ltd	ORD	341,012	341,012.00	25.00
Mr Kevin Rhodes	ORD	132,847	132,847.00	10.00
Mr Nigel Dentoom	ORD	132,847	132,847.00	10.00
First Rand International Ltd	ORD	97,738	97,738.00	7.00
Iain Paterson	ORD	96,154	96,154.00	7.00
Srdjan Milak	ORD	21,555	21,555.00	2.00
Mr Paul Hellinckx	ORD	15,012	15,012.00	1.00
Mr Mike Baker	ORD	14,250	14,250.00	1.00
Johan Carlier	ORD	12,500	12,500.00	1.00

Mortgages and Charges

Total Registered	29
Total Outstanding	22
Total Satisfied	7
Most Recent Mortgage	05/06/2008

Date Registered	24/06/2008
Type	395
Date Created	05/06/2008
Lender	SUMITOMO MITSUI BANKING CORPORATION EUROPE LIMITED
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	ALL RIGHTS AND BENEFITS UNDER EACH CONTRACT OF SALE WITH A PURCHASER SEE IMAGE FOR FULL DETAILS
Satisfied?	No
Date Registered	24/06/2008
Type	395
Date Created	05/06/2008
Lender	SUMITOMO MITSUI BANKING CORPORATION EUROPE LIMITED
Secured On	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details	THE GOODS AND ALL BILLS OF LADING WARRANTS DELIVERY ORDERS WAREHOUSE KEEPERS CERTIFICATES OR RECEIPTS AND ALL DOCUMENTS OF TITLE SEE IMAGE FOR FULL DETAILS
Satisfied?	No
Date Registered	25/04/2008
Type	395
Date Created	15/04/2008
Lender	BANQUE CANTONALE VAUDOISE
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	FIXED CHARGE OVER ALL ITS RIGHTS,TITLE AND INTEREST IN AND TO (I) ASSIGNED RECEIVABLES (II) ALL AMOUNTS,CREDITS OR OTHER ASSETS OR RIGHTS SEE IMAGE FOR FULL DETAILS
Satisfied?	No
Date Registered	23/08/2007
Type	395
Date Created	06/08/2007
Lender	FORTIS BANK S.A.N.V
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	THE CHARGED PROPERTY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Satisfied?	No
Date Registered	23/08/2007
Type	395
Date Created	06/08/2007
Lender	FORTIS BANK S.A.N.V.
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	A FIRST PRIORITY ASSIGNMENT TO THE BANK ALL ITS RIGHT TITLE AND INTEREST IN AND TO THE RECEIVABLES SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Satisfied?	No
Date Registered	23/08/2007
Type	395
Date Created	06/08/2007
Lender	FORTIS BANK S.A.N.V.
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	FIXED CHARGE THE DEPOSIT AND ALL THE COMPANY'S RIGHT TITLE BENEFIT AND INTEREST WHATSOEVER THEREIN SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Satisfied?	No
Date Registered	06/06/2007
Type	395
Date Created	31/05/2007
Lender	BNP PARIBAS (SUISSE) SA
Secured On	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details	ALL MONIES, SECURITIES, TREASURY BILLS, NEGOTIABLE INSTRUMENTS TOGETHER WITH ALL GOODS, INCLUDING BALANCES REMAINING, ALL PROCEEDS OF ANY OF THE FOREGOING SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Satisfied?	No
Date Registered	10/05/2007
Type	395
Date Created	30/04/2007
Lender	BAYERISCHE HYPO-UND VEREINSBANK AG, LONDON BRANCH
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	FIRST FIXED CHARGE OVER ALL OF THE COMPANYS EXISTING RIGHTS AND INTEREST IN ALL FUTUREOPTIONS CONTRACTS ENTERED INTO ALL CASH PROCEEDS AND ALL HEDGING CONTRACTS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Satisfied?	No
Date Registered	17/02/2007
Type	395
Date Created	16/02/2007
Lender	COFACE RECEIVALES FINANCE LIMITED
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	A FIXED CHARGE ON ALL OF THE COMPANYS APPROVED NON-VESTING DEBTS WHICH NOW OR IN FUTURE BELONGING OR TO WHICH THE COMPANY MAY BE ENTITLED A FLOATING CHARGE ON THE APPROVED NON-VESTING DEBTS IN THE EVENT THAT THEY ARE NOT EFFECTIVELY CHARGE AS A FIXED CHARGE
Satisfied?	No
Date Registered	20/11/2006
Type	395
Date Created	30/10/2006
Lender	BANK LEUMI (UK) 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	FIRST FIXED CHARGE OVER ALL OF THE COMPANY'S EXISTING AND HEREAFTER AQUIRED RIGHTS AND INTEREST IN ALL HEDGING CONTRACTS AND ALL CASH PROCEEDS AND ANY BALANCE REMAINING SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Satisfied?	No
Date Registered	20/11/2006
Type	395
Date Created	10/11/2006
Lender	BANK LEUMI (UK) PLC
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	THE ASSIGNED ASSETS, CONTRACTS AND RECEIVEABLES. SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Satisfied?	No
Date Registered	13/11/2006
Type	395
Date Created	10/11/2006
Lender	BANK LEUMI (UK) PLC
Secured On	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details	ALL MONIES FROM TIME TO TIME HELD TO THE CREDIT OF THE MORTGAGOR ON ANY CURRENT DEPOSIT OR OTHER ACCOUNT OR ACCOUNTS UNDER ANY DEPOSIT RECEIPT
Satisfied?	No
Date Registered	13/09/2006
Type	395
Date Created	07/09/2006
Lender	BARCLAYS BANK PLC
Secured On	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details	US DOLLAR DEPOSIT ACCOUNT NUMBER 64254666 THE CHARGE CREATES A FIXED CHARGE OVER ALL THE DEPOSIT(S) REFERRED TO IN THE SCHEDULE TO THE FORM 395 (INCLUDING ALL OR ANY PART OF THE MONEY PAYABLE PURSUANT TO SUCH DEPOSIT(S) AND THE DEBTS REPRESENTED THEREBY) TOGETHER WITH ALL INTEREST FROM TIME TO TIME ACCRUING THEREON IT ALSO CREATES AN ASSIGNMENT BY THE CHARGOR FOR THE PURPOSES OF AND TO GIVE EFFECT TO THE SECURITY OVER THE RIGHT OF THE CHARGOR TO REQUIRE REPAYMENT OF SUCH DEPOSIT(S) AND INTEREST THEREON
Satisfied?	No
Date Registered	07/07/2006
Type	395
Date Created	05/07/2006
Lender	COFACE RECEIVABLES FINANCE LIMITED
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	A FIXED CHARGE ON ALL NON VESTING DEBTS A FLOATING CHARGE ON THE OTHER DEBTS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Satisfied?	Fully
Date Registered	24/05/2006
Type	395
Date Created	03/05/2006
Lender	KBC BANK NV
Secured On	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details	ALL PRESENT AND FUTURE RIGHTS WHATSOEVER FROM TIME TO TIME TO THE SEPERATE ACCOUNT MEANING THE ACCOUNT NAMED LIMBOT IN THE NAME OF THE COMPANY WITH THE BROKER AND THE PROCEEDS THEREOF SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Satisfied?	No
Date Registered	11/05/2006
Type	395
Date Created	27/04/2006
Lender	BAYERISCHE HYPO-UND VEREINSBANK,AG
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	THE DEPOSIT TOGETHER WITH ALL INTEREST SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Satisfied?	No
Date Registered	11/05/2006
Type	395
Date Created	10/05/2006
Lender	BAYERISCHE HYPO-UND VEREINSBANK,AG
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	CHARGE OVER RECEIVABLES AND DAMAGES CLAIMS BY WAY OF FIRST FIXED CHARGE AND RIGHT,TITLE,BENEFITS AND INTEREST.
Satisfied?	No
Date Registered	11/05/2006
Type	395
Date Created	10/05/2006
Lender	BAYERISCHE HYPO-UND VEREINSBANK,AG
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	PLEDGE OVER THE PLEDGED DOCUMENTS AND GOODS
Satisfied?	No
Date Registered	12/11/2005
Type	395
Date Created	09/11/2005
Lender	SINGER & FRIEDLANDER LIMITED
Secured On	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details	RIGHT TITLE BENEFIT AND INTEREST IN AND TO ALL RECEIVABLES, ANY CONTRACT OF PURCHASE ANY MONIES ARISING FROM SUCH CONTRACT SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Satisfied?	No
Date Registered	12/10/2004
Type	395
Date Created	01/10/2004
Lender	BARCLAYS BANK PLC
Secured On	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details	ALL RIGHTS AND ALL MONEY NOW OR IN THE FUTURE DUE OR OWING TO THE COMPANY: (A) UNDER ANY CONTRACTS; (B) IN RESPECT OF ANY BREACH OF ANY CONTRACT; (C) UNDER ANY POLICY OF INSURANCE IN RESPECT OF BANK FUNDED GOODS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Satisfied?	No
Date Registered	17/09/2004
Type	395
Date Created	02/09/2004
Lender	ABSA BANK LIMITED
Secured On	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details	FIRST FIXED CHARGE OVER THE RIGHT, TITLE, BENEFITS AND INTEREST IN AND TO ALL MONEYS PAYABLE NOW OR IN THE FUTURE ARISING OUT OF OR AS A RESULT OF EACH PRESENT AND FUTURE CONTRACT, LETTER OF INDEMNITY, ANY AND ALL PRESENT AND FUTURE RIGHTS AS A CONSEQUENCE OF THE OPERATION OF ANY WASH-OUT SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Satisfied?	No
Date Registered	14/09/2004
Type	395
Date Created	06/09/2004
Lender	SOCIETE GENERALE
Secured On	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details	ALL GOODS OR PRODUCE, ALL DOCUMENTS RELATING TO THE PLEDGED GOODS, PROCEEDS OF SALE AND A RECEIVABLES ASSIGNMENT OVER ALL PRESENT AND FUTURE CONTRACTS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Satisfied?	No
Date Registered	20/02/2002
Type	395
Date Created	30/01/2002
Lender	BNP PARIBAS (SUISSE) S.A.
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	BY WAY OF ASSIGNMENT ALL THE RIGHTS, TITLE AND INTEREST IN AND TO ALL MONEYS AND OTHER RECEIVABLES ARISING OUT OF THE FINANCING, CARRIAGE, SALE OR OTHER DISPOSITION OF ANY AND ALL GOODS. ALL MONEYS, CREDIT OR OTHER ASSETS ON ANY ACCOUNT OR ACCOUNTS, ALL POLICIES AND CONTRACTS OF INSURANCE.
Satisfied?	No
Date Registered	07/11/2001
Type	395
Date Created	06/11/2001
Lender	RAIFFEISEN ZENTRALBANK OSTERREICH AKTIENGESELLSCHAFT, LONDON BRANCH
Secured On	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details	ALL OF THE INDEBTEDNESS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Satisfied?	Fully
Date Registered	07/11/2001
Type	395
Date Created	06/11/2001
Lender	RAIFFEISEN ZENTRALBANK OSTERREICH AKTIENGESELLSCHAFT, LONDON BRANCH
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 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Satisfied?	Fully
Date Registered	07/11/2001
Type	395
Date Created	06/11/2001
Lender	RAIFFEISEN ZENTRALBANK OSTERREICH AKTIENGESELLSCHAFT, LONDON BRANCH
Secured On	UNDER THIS AGREEMENT ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details	ANY LETTER OF CREDIT ALL DOCUMENTARY CREDITS AND ALL GOODS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Satisfied?	Fully
Date Registered	09/05/2001
Type	395
Date Created	18/04/2001
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?	Fully
Date Registered	27/05/2000
Type	395
Date Created	26/05/2000
Lender	HSBC BANK PLC
Secured On	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details	PROPERTY KA 1 CHAPMAN COURT PENLLYN AVENUE NEWPORT (LEASEHOLD) WITH THE BENEFIT OF ALL RIGHTS LICENCES GUARANTEES RENT DEPOSITS CONTRACTS DEEDS UNDERTAKINGS AND WARRANTIES RELATING TO THE PROPERTY ANY SHARES OR MEMBERSHIP RIGHTS IN ANY MANAGEMENT COMPANY FOR THE PROPERTY ANY GOODWILL OF ANY BUSINESS FROM TIME TO TIME CARRIED ON AT THE PROPERTY ANY RENTAL AND OTHER MONEY PAYABLE UNDER ANY LEASE LICENCE OR OTHER INTEREST CREATED IN RESPECT OF THE PROPERTY AND ALL OTHER PAYMENTS WHATEVER IN RESPECT OF THE PROPERTY
Satisfied?	Fully
Date Registered	11/05/1999
Type	395
Date Created	21/04/1999
Lender	SOCIETE GENERALE
Secured On	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details	UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING UNCALLED CAPITAL SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Satisfied?	Fully

Public Record Information

Summary of CCJ's/Scottish Decrees

There are no unsatisfied CCJs against the company.

Operations

Activities	International non-ferrous metal traders
Sic Code	Description
5157	Wholesale of waste and scrap
5152	Wholesale of metals and metal ores
Staff Employed	20
Auditors	CLB Littlejohn Frazer
Auditors Notes	No Qualification. The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the latest accounts.
Bankers	Barclays Bank PLC
Sort Codes	200000
Bankers	Barclays Bank PLC
Sort Codes	200037

Financial Data

Profit and Loss

Number of Weeks	52	52	52	52
Accounts Date	31/12/2007	31/12/2006	31/12/2005	31/12/2004
Currency	US Dollar	US Dollar	US Dollar	US Dollar
Units	units	units	units	units
Consolidated?	Yes	Yes	Yes	No
SALES	359,725,903	271,791,482	103,083,910	47,192,215
Cost of goods sold	348,802,042	263,770,167	98,848,863	44,775,482
GROSS PROFIT	10,923,861	8,021,315	4,235,047	2,416,733
General administration costs (-)	5,466,360	3,832,729	2,947,928	2,066,025
Wages and Salaries	3,535,636	1,736,282	884,269	253,351
Depreciation	181,418	32,659	11,862	19,933
Net Operating Profit(Loss)	5,457,501	4,188,586	1,287,119	350,708
Non Trading Income	212,687	136,882	40,796	-
Total Non Trading Income	212,687	136,882	40,796	0
Interest expenses & similar (-)	4,332,704	3,310,391	909,853	257,056
Financial Expenses	4,332,704	3,310,391	909,853	257,056
PRE TAX PROFIT	1,337,484	1,015,077	418,062	93,652
Other Taxation	353,438	-377,495	0	-
Taxation	43,264	53,097	-19,411	-
PROFIT AFTER TAX	940,782	1,339,475	437,473	93,652
Net Profit	940,782	1,339,475	437,473	93,652
Dividends Payable	0	0	0	0
RETAINED PROFITS	940,782	1,339,475	437,473	93,652

Balance Sheet

Number of Weeks	52	52	52	52
Accounts Date	31/12/2007	31/12/2006	31/12/2005	31/12/2004
Currency	US Dollar	US Dollar	US Dollar	US Dollar
Units	units	units	units	units
Consolidated?	Yes	Yes	Yes	No
TOTAL FIXED ASSETS	553,525	61,929	22,701	36,422
Plant, machinery & equipment	27,150	61,929	22,701	32,093
Intangible Assets	526,375	-	-	-
TOTAL CURRENT ASSETS	73,857,328	97,290,227	30,383,435	18,876,248
Stocks	36,893,060	58,462,604	15,679,412	11,823,953
Trade Debtors	34,828,247	36,163,345	12,057,657	3,645,167
Other Receivables	645,470	1,094,790	311,259	398,930
Prepaid expenses	185,736	159,308	93,343	33,896
Cash	1,272,422	1,024,349	1,314,637	1,552,545
Tax Recoverable	32,393	385,831	-	79,760
TOTAL ASSETS	74,410,853	97,352,156	30,406,136	18,912,670
TOTAL CURRENT LIABILITIES	65,178,651	90,601,495	26,819,195	15,400,250
Trade Creditors	13,496,979	21,488,605	2,362,759	3,644,230
Bank Overdraft	46,767,714	68,330,519	24,061,143	10,071,135
Bills of exchange payable (short term)	2,000,000	-	-	-
Taxes	573,343	184,181	22,833	376
Other Current Liabilities	3,112	18,145	10,692	-
Hire Purchase	154,657	-	-	-
Accruals & deferred income	2,182,846	580,045	361,768	1,684,509
WORKING CAPITAL	8,678,677	6,688,732	3,564,240	3,475,998
TOTAL LONG TERM LIABS	553,568	3,061,867	1,500,000	1,250,000
Total Hire Purchase / Leasing	553,568	-	-	-
NET ASSETS/(LIABILITIES)	9,232,202	6,750,661	3,586,941	3,512,420
SHARE CAPITAL + RESERVES	8,678,634	3,688,794	2,086,941	2,262,420
Issued Share Capital	1,346,760	616,227	568,150	787,012
Share Premium Accounts	7,408,012	4,105,451	3,903,524	4,376,312
Reserves	118,339	102,375	90,000	-
Profit and Loss account	-194,477	-1,135,259	-2,474,733	-2,900,904
SHAREHOLDERS FUNDS	8,678,634	3,688,794	2,086,941	2,262,420
CAPITAL EMPLOYED	9,232,202	6,750,661	3,586,941	3,512,420
TANGIBLE NET WORTH	8,152,259	3,688,794	2,086,941	2,262,420

Key Credit Ratios

Accounts Date	31/12/2007	31/12/2006	31/12/2005	31/12/2004
Current Ratio	1.13	1.07	1.13	1.23
Profit Before Tax	0.00	0.00	0.00	0.00
Creditors Days (D.P.O)	14.12	29.74	8.72	29.71
Quick Ratio	0.57	0.43	0.55	0.46
Return on Assets	1.81	1.04	1.37	0.50
T.N.W/Total Assets	0.11	0.04	0.07	0.12
Return on Capital	14.49	15.04	11.66	2.67
Working Capital/Sales	0.00	0.00	0.00	0.00
Equity Gearing	-	0.01	0.01	-
Stock Turnover	0.00	0.00	0.00	0.00
Solvency (%)	806.31	2539.13	1356.97	735.95

Financial Summary

Turnover	Turnover increased by more than 32% in the period. Turnover totalled US Dollar  359,725,903,units for the period.
Operating Profit	Totalled US Dollar  5,457,501,units In the period prior a profit of US Dollar   4,188,586 was achieved.
Pre Tax	The subject made a profit of US Dollar  1,337,484,units compared with a profit of US Dollar  1,015,077 in the previous period.
Working Capital	The company's working capital improved in the period by 30%
Tangible Net Worth	Net worth increased by 4,463,465 during the period and now stands at US Dollar  8,152,259,units
Fixed Assets	The subjects fixed assets reduced during the period by US Dollar  34,779 to US Dollar  27,150,units and are now 0% of total assets compared with 0% in the previous period
Long Term Liabilities	The company's long term liabilities reduced during the period by 82% and are now 7% of net worth compared with 83% in the previous period
Long Term Liabilities	Long term liabilities are now 1% of total assets compared with 3% in the previous period

Previous Searches on this Company

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.42.78
UK Pound	1	Rs.85.51
Euro	1	Rs.67.90

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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