MIRA INFORM REPORT

Report Date :

25.11.2008

IDENTIFICATION DETAILS

Name :	EXTEC SCREENS AND CRUSHERS LIMITED

Formerly Known as :	BROOMCO (3113) LIMITED

Registered Office :	Hearthcote Road, Swadlincote, Derbyshire, DE11 9DU

Country :	United Kingdom

Financials (as on) :	31.12.2007

Date of Incorporation :	14.01.2003

Legal Form :	Private Limited with Share Capital

Line of Business :	Manufacture, Sale and Hire of Screening and Crushing Equipment

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	[£] 2,000,000

Status :	Good

Payment Behaviour :	Regular

Litigation :	Clear

Name of the company

EXTEC SCREENS AND CRUSHERS LIMITED

Number 04636796

company summary

Phone	01283212121	Type	Private limited with Share Capital
Address	HEARTHCOTE ROAD, SWADLINCOTE, DERBYSHIRE, DE11 9DU	Company Status	Active - Accounts Filed
Postcode	DE11 9DU	Incorporated Date	14/01/2003

Todays Limit [£] 2,000,000

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

	Current Directors	6
	Total Directorships	69

Trading to Date	31/12/07	30/06/06	30/06/05
Turnover	£196,735,000	£109,490,000	£85,008,000
Shareholder Funds	£35,739,000	£23,055,000	£30,261,000
Employees	425	358	330

	Trends
	Profitability
	Liquidity
	Shareholders Funds

Previous Names Details

	Previous Name(s)
	Changed :	21/03/2003	Broomco (3113) Limited

Secondary Industry Code Details

	SIC Code	Description
	2924	Manufacture Of Other General Purpose Machinery

Mortgage Details

Mortgage Type:	insurance assignment (of key-man policies)
Date Charge Created:	19/03/2007	Date Charge Registered:	29/03/2007
Date Charge Satisfied:	29/06/2007	Status:	Satisfied
Person(s) Entitled:	ALLIED IRISH BANKS, P.L.C. (AS SECURITY AGENT FOR THE SECURITY BENEFICIARIES) (SECURITY AGENT)
Amount Secured:
Details:	all right title and interest in and to the policies and all rights and remedies in connection with the policies and all proceeds and claims arising from the policies

Mortgage Type:	debenture
Date Charge Created:	19/03/2007	Date Charge Registered:	29/03/2007
Date Charge Satisfied:	29/06/2007	Status:	Satisfied
Person(s) Entitled:	ALLIES IRISH BANKS, P.L.C. (AS SECURITY AGENT FOR THE SECURITY BENEFICIARIES) (THE SECURITY
Amount Secured:
Details:	01fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixturesfixed plant and machinery.

Mortgage Type:	legal mortgage and charge
Date Charge Created:	20/12/2005	Date Charge Registered:	22/12/2005
Date Charge Satisfied:	05/05/2007	Status:	Satisfied
Person(s) Entitled:	ALLIED IRISH BANKS PLC AS AGENT AND SECURITY TRUSTEE FOR THE FINANCE PARTIES
Amount Secured:	all monies due or to become due from eac h borrower and each other obligor to the finance parties on any account whatsoev er under the terms of the aforementioned instrument creating or evidencing the charge
Details:	all right title and interest in and to t he f/h and l/h the property at gortrush industrial estate omagh county tyrone no rthern ireland t/no ty8813l ty13449 ty13 450 and 5031 all country tyrone and all other property licences on land rights a s tenant rental income and securities

Mortgage Type:	debenture
Date Charge Created:	20/12/2005	Date Charge Registered:	03/01/2006
Date Charge Satisfied:	05/05/2007	Status:	Satisfied
Person(s) Entitled:	ALLIED IRISH BANKS P.L.C AS AGENT AND SECURITY TRUSTEE FOR THE FINANCE PARTIES (SECURITY
Amount Secured:	all monies due or to become due from eac h borrower and each other obligor to the finance parties on any account whatsoev er under the terms of the aforementioned instrument creating or evidencing the charge
Details:	01 fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixturesfixed plant and machinery.

Mortgage Type:	deed of accession to a composite guarantee and debenture dated 11 december 2002
Date Charge Created:	12/03/2003	Date Charge Registered:	20/03/2003
Date Charge Satisfied:	23/05/2006	Status:	Satisfied
Person(s) Entitled:	N M ROTHSCHILD & SONS LIMITED (AS SECURITY TRUSTEE FOR ITSELF AND THE OTHER SECURED PARTIES AND
Amount Secured:	all monies due or to become due from the company (formerly known as broomco (311 3) limited) to the chargee on any accoun t whatsoever under the terms of the aforementioned instrument creating or evidencing the charge
Details:	01 fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixturesfixed plant and machinery.

Mortgage Type:	legal charge
Date Charge Created:	12/03/2003	Date Charge Registered:	20/03/2003
Date Charge Satisfied:	23/05/2006	Status:	Satisfied
Person(s) Entitled:	N M ROTHSCHILD & SONS LIMITED
Amount Secured:	all monies due or to become due from the company (formerly known as broomco (311 3) limited) to the chargee as security t rustee for itself and the other secured parties and also as the arranger , the l enders and the agent (the "security agen t") on any account whatsoever under the terms of the aforementioned instrument creating or evidencing the charge
Details:	land and buildings at heathcote road swa dlincote t/no: dy240377 and dy32984l

Mortgage Type:	legal charge
Date Charge Created:	12/03/2003	Date Charge Registered:	20/03/2003
Date Charge Satisfied:	23/05/2006	Status:	Satisfied
Person(s) Entitled:	N M ROTHSCHILD & SONS LIMITED
Amount Secured:	all monies due or to become due from the company (formerly known as broomco (311 3) limited) to the chargee as security t rustee for itself and the other secured parties and also as the arranger , the l enders and the agent (the "security agen t") on any account whatsoever under the terms of the aforementioned instrument creating or evidencing the charge
Details:	land on the south west side of grange mi ll lane wincobank rotherham t/no: syk119 907

Mortgage Type:	mortgage
Date Charge Created:	12/03/2003	Date Charge Registered:	27/03/2003
Date Charge Satisfied:	23/05/2006	Status:	Satisfied
Person(s) Entitled:	3I INVESTMENTS PLC AS SECURITY TRUSTEE FOR ITSELF AND AS TRUSTEE FOR THE NOTEHOLDERS
Amount Secured:	all monies due or to become due from the company formerly known as broomco (3113 ) limited to the chargee or any of the n oteholders under the terms of the aforementioned instrument creating or evidencing the charge
Details:	f/h and l/h land on the south west side of grange mill lane wincobank rotherham south yorkshire t/n's syk119907 (f/h) an d syk119908 (l/h) together with all buil dings and fixtures (including trade and the fixtures) and fixed plant and machin ery of the company from time to time the reon and therein and the proceeds of sal e thereof

Mortgage Type:	mortgage
Date Charge Created:	12/03/2003	Date Charge Registered:	27/03/2003
Date Charge Satisfied:	23/05/2006	Status:	Satisfied
Person(s) Entitled:	3I INVESTMENTS PLC AS SECURITY TRUSTEE FOR ITSELF AND AS TRUSTEE FOR THE NOTEHOLDERS
Amount Secured:	all monies due or to become due from the company formerly known as broomco (3113 ) limited to the chargee or any of the n oteholders under the terms of the aforementioned instrument creating or evidencing the charge
Details:	all the f/h land and buildings at hearth cote road swadlincote t/n's dy240377 and dy329482 together with all buildings an d fixtures (including trade and the fixt ures) and fixed plant and machinery of t he company from time to time thereon and therein and the proceeds of sale thereo f

Mortgage Type:	debenture
Date Charge Created:	12/03/2003	Date Charge Registered:	27/03/2003
Date Charge Satisfied:	23/05/2006	Status:	Satisfied
Person(s) Entitled:	3I INVESTMENTS PLC AS SECURITY TRUSTEE FOR ITSELF AND AS TRUSTEE FOR THE NOTEHOLDERS
Amount Secured:	all monies due or to become due from the company formerly known as broomco (3113 ) limited to the chargee or any of the n oteholders under the terms of the aforementioned instrument creating or evidencing the charge
Details:	01 fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixturesfixed plant and machinery.

Mortgage Type:	legal charge
Date Charge Created:	11/12/2002	Date Charge Registered:	20/03/2003
Date Charge Satisfied:	23/05/2006	Status:	Satisfied
Person(s) Entitled:	N M ROTHSCHILD & SONS LIMITED (AS SECURITY TRUSTEE FOR ITSELF AND THE OTHER SECURED PARTIES AND
Amount Secured:	all monies due or to become due from the company (formerly known as broomco (311 3) limited) to the chargee
Details:	f/h land and buildings at hearthcote roa d swadlincote t/nos: dy240377 and dy3294 82

Mortgage Type:	legal charge
Date Charge Created:	11/12/2002	Date Charge Registered:	20/03/2003
Date Charge Satisfied:	23/05/2006	Status:	Satisfied
Person(s) Entitled:	N M ROTHSCHILD & SONS LIMITED (AS SECURITY TRUSTEE FOR ITSELF AND THE OTHER SECURED PARTIES AND
Amount Secured:	all monies due or to become due from the company (formerly known as broomco (311 3) limited) to the chargee
Details:	f/h and l/h land on the south west side of grange mill lane wincobank rotherham south yorkshire t/nos: syk119907 and syk 119908

Mortgage Type:	mortgage
Date Charge Created:	11/12/2002	Date Charge Registered:	31/03/2003
Date Charge Satisfied:	23/05/2006	Status:	Satisfied
Person(s) Entitled:	3iINVESTMENTS PLC
Amount Secured:	all monies due or to become due from the company to the chargee.
Details:	freehold land and buildings on heathcote road swadlingcote t/n's dy24o3777 and d y329482 with all buildings and fixtures fixed plant and machinery

Mortgage Type:	mortgage
Date Charge Created:	11/12/2002	Date Charge Registered:	31/03/2003
Date Charge Satisfied:	23/05/2006	Status:	Satisfied
Person(s) Entitled:	3i INVESTMENTS PLC
Amount Secured:	all monies due or to become due from the company to the chargee.
Details:	f/h land on the south west of grange mil l lane wincobank rotherham south yorkshi re t/n's syk119907 (freehold) and syk119 908 (leasehold) together with all buildi ngs and fixtures fixed plant and machine ry and the proceeds of sale thereof

Shareholders Details

	Name	Shares
	Extec (uk) Limited	15,489,000 Ordinary Gbp 1.00
	Extec Global Limited	2,304,552 Irredeemable Prefere Gbp 0.01

Trading Address Details

Address	Telephone Number	TCPS
HEARTHCOTE RD SWADLINCOTE DERBYSHIRE DE11 9DU	01283212121	N
1 GRANGE MILL LA SHEFFIELD SOUTH YORKSHIRE S9 1HW	01709550066	N
HEARTHCOTE RD SWADLINCOTE DERBYSHIRE DE11 9DU	01283212121	N
Hearthcote Road Swadlincote DE11 9DU

accounts

PROFIT & LOSS

Annual Accounts	06/06-12/07	Change (%)	07/05-06/06	Change (%)	07/04-06/05
Months	19	-	12	-	12
Currency	GBP	-	GBP	-	GBP
Consolidated A/cs	N	-	N	-	N
Turnover	196,735,000	79.7 %	109,490,000	28.8 %	85,008,000
Export	164,758,000	91.6 %	85,994,000	34.0 %	64,191,000
Cost of Sales	146,725,000	77.3 %	82,750,000	27.6 %	64,861,000
Gross Profit	50,010,000	87.0 %	26,740,000	32.7 %	20,147,000
Wages & Salaries	20,152,000	87.3 %	10,762,000	15.4 %	9,326,000
Directors Emoluments	2,438,000	241.0 %	715,000	-10.4 %	798,000
Operating Profits	25,851,000	139.3 %	10,801,000	37.8 %	7,836,000
Depreciation	2,070,000	67.3 %	1,237,000	20.7 %	1,025,000
Audit Fees	133,000	18.8 %	112,000	-5.9 %	119,000
Interest Payments	207,000	728.0 %	25,000	-86.8 %	190,000
Pre Tax Profit	25,984,000	138.0 %	10,918,000	35.2 %	8,078,000
Taxation	-8,871,000	-89.9 %	-4,671,000	-42.8 %	-3,270,000
Profit After Tax	17,113,000	173.9 %	6,247,000	29.9 %	4,808,000
Dividends Payable	4,429,000	-67.1 %	13,453,000	-	-
Retained Profits	12,684,000	276.0 %	-7,206,000	-249.9 %	4,808,000

BALANCE SHEET

Annual Accounts	06/06-12/07	Change (%)	07/05-06/06	Change (%)	07/04-06/05
Tangible Assets	55,390,000	299.1 %	13,880,000	12.4 %	12,351,000
Intangible Assets	25,951,000	-9.0 %	28,522,000	-5.7 %	30,235,000
Total Fix Assets	81,341,000	91.8 %	42,402,000	-0.4 %	42,586,000
Total Current Assets	48,309,000	-22.5 %	62,333,000	23.4 %	50,524,000
Trade Debtors	2,419,000	175.8 %	877,000	-81.8 %	4,823,000
Stock	21,419,000	23.9 %	17,289,000	23.2 %	14,034,000
Cash	370,000	-96.9 %	11,839,000	-	11,839,000
Other Current Assets	24,101,000	-25.4 %	32,328,000	63.0 %	19,828,000
Increase In Cash	-11,469,000	-	-	-100.0 %	1,253,000
Miscellaneous Current Assets	-	-	-	-	-
Total Assets	129,650,000	23.8 %	104,735,000	12.5 %	93,110,000
Total Current Liabilities	55,215,000	18.7 %	46,497,000	80.0 %	25,837,000
Trade Creditors	21,800,000	12.1 %	19,442,000	10.7 %	17,569,000
Bank Overdraft	2,774,000	-	-	-	-
Other Short Term Fin	18,936,000	4.5 %	18,120,000	546.5 %	2,803,000
Miscellaneous Current Liabilities	11,705,000	31.0 %	8,935,000	63.5 %	5,465,000
Other Long Term Fin	36,804,000	9.6 %	33,583,000	-0.3 %	33,685,000
Total Long Term Liabilities	38,696,000	10.0 %	35,183,000	-4.9 %	37,012,000
Bank Overdraft & LTL	41,470,000	17.9 %	35,183,000	-4.9 %	37,012,000
Total Liabilities	93,911,000	15.0 %	81,680,000	30.0 %	62,849,000
Net Assets	35,739,000	55.0 %	23,055,000	-23.8 %	30,261,000
Working Capital	-6,906,000	-143.6 %	15,836,000	-35.9 %	24,687,000

CAPITALS & RESERVES

Annual Accounts	06/06-12/07	Change (%)	07/05-06/06	Change (%)	07/04-06/05
Paid up equity	15,512,000	-	15,512,000	-	15,512,000
P&L Account Reserve	17,129,000	285.4 %	4,445,000	-61.8 %	11,651,000
Sundry Reserves	3,098,000	-	3,098,000	-	3,098,000
Revaluation Reserve	-	-	-	-	-
Shareholder Funds	35,739,000	55.0 %	23,055,000	-23.8 %	30,261,000
Net Worth	9,788,000	279.0 %	-5,467,000	-21,126.9 %	26,000

MISCELLANEOUS

Annual Accounts	06/06-12/07	Change (%)	07/05-06/06	Change (%)	07/04-06/05
Net Cashflow from Operations	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-
Contingent Liability	NO	-	NO	-	YES
Capital Employed	74,435,000	27.8 %	58,238,000	-13.4 %	67,273,000
No of Employees	425	18.7 %	358	8.5 %	330

	Auditors	KPMG LLP
	AuditQualification	No Adverse Comments
	Bankers	HSBC BANK PLC
	BankBranchCode	40-41-07

RATIOS

Annual Accounts	06/06-12/07	07/05-06/06	07/04-06/05
Pre-tax profit margin %	13.2 %	10.0 %	9.5 %
Current ratio	0.87	1.34	1.96
Sales/Net Working Capital	-28.49	6.91	3.44
Gearing %	116.0 %	152.6 %	122.3 %
Equity in %	34.5 %	30.3 %	48.1 %
Creditor Days	61.27	64.81	75.44
Debtor Days	6.79	2.92	20.71
Liquidity/Acid Test	0.48	0.97	1.41
Return On Capital Employed %	34.9 %	18.8 %	12.0 %
Return On Total Assets Employed %	20.0 %	10.4 %	8.7 %
Current Debt Ratio %	1.5 %	2.0 %	0.9 %
Total Debt Ratio %	2.6 %	3.5 %	2.1 %
Stock Turnover Ratio %	10.9 %	15.8 %	16.5 %
Return on Net Assets Employed %	72.7 %	47.4 %	26.7 %

group structure

	Ultimate Parent Company	INHOCO 3367 LIMITED
	Companies in Group	12

Company Name	Registered Number	Latest Annual Accounts
INHOCO 3367 LIMITED	06023668	N/A
INHOCO 3259 LIMITED	05603114	31/12/2007
EXTEC HOLDINGS LIMITED	04545695	31/12/2007
EXTEC INDUSTRIES LIMITED	02073959	31/12/2007
BROOMCO (3113) LIMITED	02113785	31/12/2007
EXTEC DISTRIBUTORS LIMITED	02311879	31/12/2007
EXTEC SCREENS AND CRUSHER HIRE LIMITED	02264756	31/12/2007
SHEFFIELD GEAR AND ENGINEERING CO. LIMITED	01075147	31/12/2007
EXTEC GLOBAL LIMITED	04545074	31/12/2007
EXTEC (UK) LIMITED	04636800	31/12/2007
EXTEC SCREENS AND CRUSHERS LIMITED<<<	04636796	31/12/2007
EXTEC SCREENS & CRUSHERS (NI) LIMITED	NI040939	30/06/2006

Status History

Date	Description
No Status History

Event History

Date	Description
09/11/2008	New Accounts Filed
01/08/2008	Accounts Overdue
18/02/2008	Annual Returns
06/02/2008	New Board Member Mr T.a. Warringer Appointed
06/02/2008	New Board Member Mr G.s. Skold Appointed
06/02/2008	New Board Member K.m. Juuri Appointed
06/02/2008	New Board Member Dr T. Schulz Appointed
06/02/2008	New Company Secretary Mr A. Mcmanus Appointed
01/07/2007	Alan Fletcher Has Left The Board
10/05/2007	New Accounts Filed
29/12/2005	New Accounts Filed
01/11/2005	Dermot Douglas Has Left The Board
01/11/2005	Colin Douglas Has Left The Board
18/04/2005	New Board Member (andrew Mcmanus) Appointed
03/04/2005	New Board Member (a G Secretarial Limited) Appointed

directors

Name	Anders Kjellberg
Address	Classensgade 15, 2100
	Copenhagen
	Denmark
Officers Title	Mr	Date Of Birth	21/12/1968
Honours		Present Appointments	11
Appointment Date	08/10/2007	Function	Director

Name	Thomas Anders Oscar Warringer
Address	Hogomsvagen 32
	Taby
	183 50
	Sweden
Officers Title	Mr	Date Of Birth	20/03/1953
Honours		Present Appointments	12
Appointment Date	08/10/2007	Function	Director

Name	Gert Sven Ove Skold
Address	Engatan 29
	Sandviken
	Gavleborg 81152
	Sweden
Officers Title	Mr	Date Of Birth	11/12/1965
Honours		Present Appointments	11
Appointment Date	08/10/2007	Function	Director

Name	Kauko Mauri Erik Juuri
Address	Makirinteentie 33
	Hollola
	15860
	Finland
Officers Title		Date Of Birth	30/06/1954
Honours		Present Appointments	11
Appointment Date	08/10/2007	Function	Director

Name	Thomas Schulz
Address	Beleshogsvagen 46
	Malmo
	21774
	Sweden
Officers Title	Dr	Date Of Birth	16/03/1965
Honours		Present Appointments	12
Appointment Date	08/10/2007	Function	Director

Name	Andrew McManus
Address	The Coach House
	High Street, Marchington
	Uttoxeter
	ST14 8LD
Officers Title	Mr	Date Of Birth	17/11/1962
Honours		Present Appointments	12
Appointment Date	08/10/2007	Function	Company Secretary

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.97
UK Pound	1	Rs.75.45
Euro	1	Rs.64.21

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	extecscreens.co.uk	Incorporation Date	14/01/2003
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	14/01/2008

Registered Address		Trading Address
Telephone Number	01283212121	Telephone Number	01283 212121
TPS	N	TPS
Address		Address
HEARTHCOTE ROAD SWADLINCOTE DERBYSHIRE DE11 9DU		Hearthcote Road Swadlincote DE11 9DU

	Previous Name(s)
	Changed:	21/03/2003	Broomco (3113) Limited

	Industry:
	Manufacture, Sale And Hire Of Screening And Crushing Equipment.

	Mortgage Charges
	Outstanding	0	Satisfied	14