MIRA INFORM REPORT

Report Date :

24.02.2011

IDENTIFICATION DETAILS

Name :	LPC MEDICAL (UK) LIMITED
Formerly Known As :	SALLOW GESTURE LIMITED
Registered Office :	30 Chaul End Lane, Luton, Bedfordshire, Lu4 8ez
Country :	United Kingdom
Financials (as on) :	30.09.2009
Date of Incorporation :	01.11.2011
Com. Reg. No.:	04315433
Legal Form :	Private Limited With Share Capital
Line of business :	Wholesale Supplier of Medical Supplies.

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 :	£500
Status :	Satisfactory
Payment Behaviour :	No complaints
Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – June 30, 2010

Country Name	Previous Rating (01.04.2010)	Current Rating (30.06.2010)
United Kingdom	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company Summary

Top of Form

Company Name	LPC MEDICAL (UK) LIMITED	Company Number	04315433
Registered Address	30 CHAUL END LANE	Trading Address	30 Chaul End Lane Luton LU4 8EZ
	LUTON
	BEDFORDSHIRE
	LU4 8EZ
Website Address	http://www.lpcpharma.com
Telephone Number	01582560393	Fax Number
TPS	No	FPS	No
Incorporation Date	01/11/2001	Company Status	Active - Accounts Filed
Previous Name	SALLOW GESTURE LIMITED	Type	Private limited with Share Capital
		Filing Date of Accounts	30/06/2010
Date of Change	17/12/2001	Share Capital	£1,000
Sic Code	2442	Currency	GBP
Sic Description	MANUFACTURE OF PHARMACEUTICAL GOODS
Principal Activity	Wholesale supplier of medical supplies.

Accounts Due Date 30/06/2011

Credit Limit

Limit	£500
Contract Limit	£159,500

Commentary

No exact match CCJs are recorded against the company.
The credit limit on this company has fallen 50% in comparison to the previously suggested credit limit.
The previous 12 month trading period saw a drop in Sales of 39.7%.
In the previous 12 month trading period Net Worth decreased by 12%.
A 14.5% growth in Total Assets occurred in the previous 12 month trading period.
Pre-tax profits increased by 39.8% in the previous 12 month trading period.
The audit report contains no adverse comments.
No recent changes in directorship are recorded.
The company is part of a group.
The company was established over 9 years ago.

CCJ

Total Number of Exact CCJs -	0	Total Value of Exact CCJs -
Total Number of Possible CCJs -	0	Total Value of Possible CCJs -
Total Number of Satisfied CCJs -	0	Total Value of Satisfied CCJs -
Total Number of Writs -	0

Exact CCJ Details

There are no exact CCJ details

Possible CCJ Details

There are no possible CCJ details

Writ Details

There are no writ details

Mortgage Summary

Outstanding	1
Satisfied	0

Total Current Directors	4
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	2

Current Directors

Name	Amirali Sharif Tejani	Date of Birth	27/01/1954
Officers Title	Mr	Nationality	British
Present Appointments	8	Function	Director
Appointment Date	17/12/2001
Address	12 Manor Road Extension,  ,  Oadby,  LE2 4FF
Other Actions	View Director Report	View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Karim Sharif Dharamshi Tejani	Date of Birth	18/08/1959
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	01/07/2002
Address	8a The Broadway,  ,  Oadby,  LE2 2HD
Other Actions	View Director Report	View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Salim Sharif Dharamshi Tejani	Date of Birth	13/09/1950
Officers Title	Mr	Nationality	British
Present Appointments	11	Function	Director
Appointment Date	17/12/2001
Address	Ashwood House Tompions End,  ,  Biggleswade,  SG18 9EN
Other Actions	View Director Report	View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Satnam Singh Butter	Date of Birth	20/04/1961
Officers Title	Mr	Nationality	British
Present Appointments	6	Function	Director
Appointment Date	01/07/2002
Address	Appletree Cottage,  ,  Haynes West End,  MK45 3QT
Other Actions	View Director Report	View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Current Company Secretary

Name	Ian Waring	Date of Birth	15/04/1957
Officers Title	Mr	Nationality	British
Present Appointments	8	Function	Company Secretary
Appointment Date	17/12/2001
Address	131 Heath Lane,  Earl Shilton,  Leicester,  LE9 7PF
Other Actions		View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Top 20 Shareholders

Name	Individual Share Value
LPC PHARMACEUTICALS LTD	1,000 ORDINARY GBP 1.00

Profit & Loss

Date Of Accounts	30/09/09	(%)	30/09/08	(%)	30/09/07	(%)	30/09/06	(%)	30/09/05
Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
Turnover	£1,595,000	-39.7%	£2,646,000	40.9%	£1,878,000	33.3%	£1,409,000	999.9%	£68,000
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	£1,595,000	-	£2,646,000	40.9%	£1,878,000	33.3%	£1,409,000	-	-
Gross Profit	-	-	-	-	-	-	-	-	-
Wages & Salaries	£54,000	-1.8%	£55,000	-1.8%	£56,000	-1.8%	£57,000	-10.9%	£64,000
Directors Emoluments	-	-	-	-	-	-	-	-	-
Operating Profit	-£211,000	38.5%	-£343,000	25.4%	-£460,000	-180.5%	-£164,000	20.8%	-£207,000
Depreciation	-	-	-	-	-	-	-	-	-
Audit Fees	-	-	-	-	-	-100%	£1,000	-	-
Interest Payments	£8,000	-65.2%	£23,000	-20.7%	£29,000	-	£29,000	-14.7%	£34,000
Pre Tax Profit	-£219,000	39.8%	-£364,000	25.1%	-£486,000	-153.1%	-£192,000	20.3%	-£241,000
Taxation	-	-	-	-	-	-	-	-	-
Profit After Tax	-£219,000	39.8%	-£364,000	25.1%	-£486,000	-153.1%	-£192,000	20.3%	-£241,000
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-£219,000	39.8%	-£364,000	25.1%	-£486,000	-153.1%	-£192,000	20.3%	-£241,000

Balance Sheet

Date Of Accounts		30/09/09		(%)		30/09/08		(%)		30/09/07		(%)		30/09/06		(%)		30/09/05
Tangible Assets		0		-		0		-		0		-		0		-		0
Intangible Assets		£2,658,000		10.2%		£2,411,000		4.5%		£2,307,000		-1.9%		£2,352,000		-2.6%		£2,414,000
Total Fixed Assets		£2,658,000		10.2%		£2,411,000		4.5%		£2,307,000		-1.9%		£2,352,000		-2.6%		£2,414,000
Stock		0		-		0		-		0		-		0		-		0
Trade Debtors		0		-		0		-100%		£2,000		-97.3%		£75,000		999.9%		£2,000
Cash		0		-		0		-		0		-100%		£109,000		-26.4%		£148,000
Other Debtors		£207,000		125%		£92,000		-77.8%		£414,000		13.4%		£365,000		10.9%		£329,000
Miscellaneous Current Assets		0		-		0		-		0		-		0		-		0
Total Current Assets		£207,000		125%		£92,000		-77.9%		£416,000		-24.2%		£549,000		14.6%		£479,000
Trade Creditors		£733,000		200.4%		£244,000		-17.3%		£295,000		178.3%		£106,000		-8.6%		£116,000
Bank Loans & Overdrafts		£95,000		955.6%		£9,000		-92.8%		£125,000		-		£125,000		-		0
Other Short Term Finance		£3,536,000		-2.1%		£3,613,000		24.7%		£2,897,000		7.2%		£2,702,000		9.4%		£2,469,000
Miscellaneous Current Liabilities		£22,000		-81.2%		£117,000		80%		£65,000		160%		£25,000		-55.4%		£56,000
Total Current Liabilities		£4,386,000		10.1%		£3,983,000		17.8%		£3,382,000		14.3%		£2,958,000		12%		£2,641,000
Bank Loans & Overdrafts and LTL		£273,000		999.9%		£9,000		-98.5%		£582,000		-16.6%		£698,000		1.2%		£690,000
Other Long Term Finance		0		-		0		-		0		-		0		-100%		£690,000
Total Long Term Liabilities	£178,000		-		0		-100%		£457,000		-20.2%		£573,000		-17%		£690,000

Capital & Reserves

Date Of Accounts	30/09/09	(%)	30/09/08	(%)	30/09/07	(%)	30/09/06	(%)	30/09/05
Called Up Share Capital	£1,000	-	£1,000	-	£1,000	-	£1,000	-	£1,000
P & L Account Reserve	-£1,700,000	-14.8%	-£1,481,000	-32.6%	-£1,117,000	-77%	-£631,000	-43.7%	-£439,000
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	-£1,699,000	-14.8%	-£1,480,000	-32.6%	-£1,116,000	-77.1%	-£630,000	-43.8%	-£438,000

Other Financial Items

Date Of Accounts	30/09/09	(%)	30/09/08	(%)	30/09/07	(%)	30/09/06	(%)	30/09/05
Net Worth	-£4,357,000	-12%	-£3,891,000	-13.7%	-£3,423,000	-14.8%	-£2,982,000	-4.6%	-£2,852,000
Working Capital	-£4,179,000	-7.4%	-£3,891,000	-31.2%	-£2,966,000	-23.1%	-£2,409,000	-11.4%	-£2,162,000
Total Assets	£2,865,000	14.5%	£2,503,000	-8.1%	£2,723,000	-6.1%	£2,901,000	0.3%	£2,893,000
Total Liabilities	£4,564,000	14.6%	£3,983,000	3.8%	£3,839,000	8.7%	£3,531,000	6%	£3,331,000
Net Assets	-£1,699,000	-14.8%	-£1,480,000	-32.6%	-£1,116,000	-77.1%	-£630,000	-43.8%	-£438,000

Cash Flow

Date Of Accounts

30/09/09

(%)

30/09/08

(%)

30/09/07

(%)

30/09/06

(%)

30/09/05

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

Miscellaneous

Date Of Accounts	30/09/09	(%)	30/09/08	(%)	30/09/07	(%)	30/09/06	(%)	30/09/05
Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
Capital Employed	-£1,521,000	-2.8%	-£1,480,000	-124.6%	-£659,000	-999.9%	-£57,000	-122.6%	£252,000
Number of Employees	1	-	1	-	1	-	1	-	1
Auditors	PRICEWATERHOUSECOOPERS LLP
Auditor Comments	The audit report contains no adverse comments
Bankers	BANK OF SCOTLAND
Bank Branch Code	80-20-00

Ratios

Date Of Accounts	30/09/09	30/09/08	30/09/07	30/09/06	30/09/05
Pre-tax profit margin %	-13.73	-13.76	-25.88	-13.63	-354.41
Current ratio	0.05	0.02	0.12	0.19	0.18
Sales/Net Working Capital	-0.38	-0.68	-0.63	-0.58	-
Gearing %	-16.10	-0.60	-52.20	-110.80	-157.50
Equity in %	-820.80	-1608.70	-268.30	-114.80	-91.40
Creditor Days	167.28	33.56	57.17	27.38	622.65
Debtor Days	-	-	0.38	19.38	10.74
Liquidity/Acid Test	0.04	0.02	0.12	0.19	0.18
Return On Capital Employed %	14.39	24.59	73.74	336.84	-95.63
Return On Total Assets Employed %	-7.64	-14.54	-17.84	-6.61	-8.33
Current Debt Ratio	-2.58	-2.69	-3.03	-4.69	-6.03
Total Debt Ratio	-2.68	-2.69	-3.43	-5.60	-7.61
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	12.88	24.59	43.54	30.48	55.02

Status History

No Status History found

Event History

Date	Description
09/11/2010	Annual Returns
10/07/2010	New Accounts Filed
20/11/2009	Annual Returns
11/08/2009	New Accounts Filed
11/08/2009	New Accounts Filed
15/02/2009	Annual Returns
18/11/2008	New Accounts Filed
21/01/2008	New Accounts Filed
02/10/2007	Annual Returns
23/10/2006	New Accounts Filed
27/07/2005	New Accounts Filed
01/03/2005	New Board Member (AMIRALI SHARIFTEJANI) appointed
15/12/2004	Annual Returns
19/11/2004	Change in Reg.Office
19/11/2004	Change of Company Postcode

Previous Company Names

Date	Previous Name	Companies House Documents
17/12/2001	SALLOW GESTURE LIMITED

Group Structure Summary

Company Name	LPC MEDICAL (UK) LIMITED	Company Number	04315433
Holding Company	LPC (PHARMACEUTICALS) LTD	Ownership Status	Wholly Owned
Ultimate Holding Company	IN 2 HEALTHCARE LIMITED	Companies in group	4

Group structure

Company Name	Safe Number	Registered Number	Latest Key Financials	Consol. Accounts	Rating	Limit	Turnover
IN 2 HEALTHCARE LIMITED	UK04145840	04497984	30.09.2009	Y	38	£45,000	£28,383,000
RUSCO LIMITED	UK00179939	00489486	30.09.2009	N	83	£1,000	£0
LPC (PHARMACEUTICALS) LTD	UK01083661	01414640	30.09.2009	N	48	£85,000	£28,383,000
LPC MEDICAL (UK) LIMITED	UK03964549	04315433	30.09.2009	N	67	£500	£1,595,000

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.20
UK Pound	1	Rs.73.16
Euro	1	Rs.61.88

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	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
----	NB	New Company	----

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.