MIRA INFORM REPORT

Report Date :

08.07.2011

IDENTIFICATION DETAILS

Name :	JMJ BULK PACKAGING LIMITED

Registered Office :	Hwca Ltd, Hamilton Office Park, 31 High View Close, Leicester, Le4 9lj.

Country :	United Kingdom

Financials (as on) :	31.10.2010

Date of Incorporation :	11.04.1994

Com. Reg. No.:	02917694

Legal Form :	Private Limited Company

Line of Business :	General Business Classification: Packaging activities

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	GBP 57,000

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 – March 31^st, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

United Kingdom

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

Bottom of Form

Company Identification Details

Subject Reported on	JMJ BULK PACKAGING LIMITED
Registration Number	02917694
Address	EARLS TREES ROAD, EARLS TREES IND EST, CORBY, NORTHAMPTONSHIRE, NN17 4AZ.
Telephone	01536274400

Creditline Recommendations

Monthly Credit Guide

GBP 57,000

Payment Behaviors

( No Payment Analysis Data is Available )

Official Company Data

Legal Form	Private Limited
Registration Number	02917694
Subject Status	Trading
Date of Incorporation	11/04/1994
Registered Office	HWCA LTD, HAMILTON OFFICE PARK, 31 HIGH VIEW CLOSE, LEICESTER, LE4 9LJ.
History	21/12/2007 : The Registered Office address changed from C/O BKR HAINES WATTS, 5TH FLOOR HUMBERSTONE H.
	16/05/2002 : The Registered Office address changed from LANGLEY HOUSE, PARK ROAD, EAST FINCHLEY, LOND.
	29/11/1994 : The Registered Office address changed from LANGLEY & PARTNERS, LANGLEY HOUSE, PARK ROAD.
Date of Last Annual Return to Registry	11/04/2011
Accounts	The last filed accounts at Companies House are those to 31/10/2010
Accounting Reference Date	31/10

Operations

Activities	General Business Classification: Packaging activities
Nace Code	7482
Bankers	BANK OF COMMERCE
Auditors	HW Leicester LLP
Branches	EARLSTREES RD, EARLSTREES IND EST CORBY, NORTHAMPTONSHIRE, NN17 4AZ.

Historical Rating

Date	Monthly Credit Guide
08/07/2011	57,000
08/04/2011	55,500
08/01/2011	32,500
08/10/2010	54,000
08/07/2010	54,500

Previous Searches

Search History Summary

Last 3 Months	Last 6 Months	Last 12 Months
1	1	2

Search History Details

The Search History Details shows details of the most recent 40 searches

Date	Description
22/06/2011	Sale of motor vehicles
28/09/2010	Operation of gravel and sand pits
13/01/2010	Wholesale of solid, liquid and gaseous fuels and related products

Public Record Information

Summary of CCJ's/Scottish Decrees

No CCJs/Scottish Decrees are recorded in our file.

Summary of Mortgages, Charges and Satisfactions

Total Number of Mortgages/Charges Registered	3
Number Outstanding	3
Number Partially Satisfied	0
Number Satisfied	0

Date of Latest Mortgage Created	18/08/2003

Details of most recent Mortgages, Charges and Satisfactions

Date Fully Satisfied	Date Registered	Date Created	Charge Description	Form Type	Lender
	22/08/2003	18/08/2003	Fixed And Floating Charge	395	The Royal Bank Of Scotland Commercial Services Limited
	29/10/2002	21/10/2002	Fixed And Floating Charge	395	The Royal Bank Of Scotland Commercial Services Limited
	23/12/2000	15/12/2000	Rent Deposit Deed	395	Quinstock Limited

It should be noted that there is no legal requirement to file satisfaction details of mortgages/charges at Companies House.

Other Filings and Notices

Date

Source

Description

04/12/1999	Companies House Gazette	Change among directors of a company
11/05/1994	Companies House Gazette	Change among directors of a company
03/05/1994	Companies House Gazette	Change among directors of a company

Company Secretary

Secretary	MARIA FATIMA BATTY
Service Address	ROSENEATH, 21 PARK CRESCENT, PETERBOROUGH, CAMBRIDGESHIRE, PE1 4DX.
Country of Origin	UNITED KINGDOM
Date of Birth	13/05/1964
Appointment Date	12/04/1994

Directors

Director	MARIA FATIMA BATTY
Service Address	ROSENEATH, 21 PARK CRESCENT, PETERBOROUGH, CAMBRIDGESHIRE, PE1 4DX.
Country of Origin	UNITED KINGDOM
Date of Birth	13/05/1964
Appointment Date	01/10/1999
Director	JOHN MICHAEL BATTY
Service Address	ROSENEATH, 21 PARK CRESCENT, PETERBOROUGH, PE1 4DX.
Country of Origin	UNITED KINGDOM
Date of Birth	24/02/1961
Appointment Date	12/04/1994

Share Capital

Shares	Ordinary GBP 1.00
Issued Number	100
Principal Shareholder	50 Maria Fatima Batty
	50 John Michael Batty

The above reflects the principle shareholder(s) by number of shares held, irrespective of share classification type.

Financial Data– Statutory Accounts

Profit & Loss Accounts are not available for companies categorised as small companies under the companies act.

Balance Sheet

The following figures are shown in units of 1000

Number of Weeks	52	52	52	52
Accounts Date	31/10/2010	31/10/2009	31/10/2008	31/10/2007
Currency	GBP	GBP	GBP	GBP
TOTAL FIXED ASSETS	25	14	27	43
Tangible Assets	25	14	27	43
TOTAL CURRENT ASSETS	1973	2529	3144	2659
Trade debtors	1314	1364	1611	1326
Stocks	639	1124	1414	1257
Other Current Assets	20	41	119	76
Cash	20	41	119	76
TOTAL ASSETS	1998	2543	3171	2702
TOTAL CURRENT LIABILITIES	1518	2074	2724	2318
Trade creditors	1518	2074	2724	1548
Other Liabilities				770
WORKING CAPITAL	455	455	420	341
NET ASSETS/(LIABILITIES)	480	469	447	384
SHARE CAPITAL + RESERVES	480	469	447	384
Profit and Loss account	480	469	447	384
SHAREHOLDERS FUNDS	480	469	447	384
CAPITAL EMPLOYED	480	469	447	384

Financial Comparison

The following figures are shown in units of 1000

Number of Weeks	52	52	52	52
Accounts Date	31/10/2010	31/10/2009	31/10/2008	31/10/2007
Currency	GBP	GBP	GBP	GBP
Liquid Assets	1334	1405	1730	1402
Net Working Capital	455	455	420	341
Other Deferred Liabs
Tangible Net Worth(T.N.W)	480	469	447	384
Equity	480	469	447	384
Number of Years Trading	16	15	14	13

Key Credit Ratios

The following figures are shown as Ratios or Percentages

Accounts Date	31/10/2010	31/10/2009	31/10/2008	31/10/2007
Current Ratio	1.3	1.2	1.2	1.1
Quick Ratio	0.9	0.7	0.6	0.6
T.N.W/Total Assets%	24	18.4	14.1	14.2
Equity Gearing%	31.6	22.6	16.4	16.6

Key Industry Sector Trends

Year	2011	2010	2009	2008
Sample Size	7590	99999	99999	99999
Pre-Tax Profit Margin	29.2	15.1	13.3	16.4
Current Ratio	1.6	1.8	1.9	1.8
Borrowing Ratio	59.8	35.7	37.6	44.7
Return on Capital	183.4	60.9	47.4	57.4
Creditors Days	150	316	294	204

Above figures relate to companies in 2003 Standard Industry Classification (Nace) sector : Miscellaneous business activities not elsewhere classified

Financial Summary

Auditors Qualification

The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the accounts for the period ended 31/10/2010.

No Turnover

The company's balance sheet total is less than GBP 5,600,000 and is a medium sized company as defined by the Companies Act. It is not required to disclose turnover but it is likely to be in the range of GBP 2,800,000 - GBP 11,200,000.

No Pre-Tax Profit

The Company is exempt from the requirement to file a Profit Loss Account. We note that the difference on the Profit and Loss Account shown on the Balance Sheet is GBP 11,000 increase. This suggests that the Company may have made a post-tax profit of GBP 11,000.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.42
UK Pound	1	Rs.70.95
Euro	1	Rs.63.63

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 Business	----

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.