MIRA INFORM REPORT

Report Date :

25.07.2011

IDENTIFICATION DETAILS

Name :	M & K GRAPHIC MACHINERY LTD

Formerly Known As :	TRUGRADE GRAPHIC MACHINERY LTD

Registered Office :	4 Sandpiper Court, Calder Grove , Wakefield, Wf4 3ff

Country :	United Kingdom

Financials (as on) :	31.08.2010

Date of Incorporation :	24.08.2000

Com. Reg. No.:	04058887

Legal Form :	Private limited with Share Capital

Line of Business :	Printing Machinery Dealers.

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 :	£10,000

Status :	Satisfactory

Payment Behaviour :	Usually Correct

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

REGISTERED NAME & COMPANY SUMMARY

Company Name	M & K GRAPHIC MACHINERY LTD	Company Number	04058887
Registered Address	4 SANDPIPER COURT	Trading Address	4 Sandpiper Court Calder Grove Wakefield WF4 3FF
	CALDER GROVE
	WAKEFIELD
	WF4 3FF
Website Address	-
Telephone Number	-	Fax Number
TPS	-	FPS	No
Incorporation Date	24/08/2000	Company Status	Active - Accounts Filed
Previous Name	TRUGRADE GRAPHIC MACHINERY LTD	Type	Private limited with Share Capital
		Filing Date of Accounts	13/04/2011
Date of Change	06/06/2006	Share Capital	£2
Sic Code	5118	Currency	GBP
Sic Description	AGENTS IN PARTICULAR PRODUCTS
Principal Activity	Printing machinery dealers.

CREDIT RECOMENDATION

Current Credit Limit: £10,000

Previous Rating [0-100]	43
Previous Limit	£1,000

Last 3 Years Credit Limit

Date	Limit
31/12/2010	£1,000
31/12/2009	£5,000
31/12/2008	£3,000

Rating History

Date	Rating	Description
16/04/2011	57	Good Credit Worthiness
29/01/2010	43	Creditworthy
05/03/2009	68	Good Credit Worthiness
15/07/2008	63	Good Credit Worthiness
11/07/2007	53	Good Credit Worthiness
09/07/2007	63	Good Credit Worthiness
12/06/2004	0	Dormant Company
12/02/2004	0
03/02/2004	0	Dormant Company
23/07/2002	35	Creditworthy

Limit History

Date	Limit
16/04/2011	£10,000
29/01/2010	£1,000
05/03/2009	£5,000
15/07/2008	£3,000
11/07/2007	£500
09/07/2007	£500
12/06/2004	£0

DIRECTORS/MANAGEMENT

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

Current Directors

Name	Mujeebuddin Ansari		Date of Birth		02/07/1949
Officers Title	Mr		Nationality		British
Present Appointments	2		Function		Director
Appointment Date	10/08/2007
Address	4 Sandpiper Court, Calder Grove, Wakefield, WF4 3FF
Name		Kim Lorraine Ansari		Date of Birth		06/05/1959
Officers Title		Mrs		Nationality		British
Present Appointments		4		Function		Director
Appointment Date		24/08/2000
Address		4 Sandpiper Court, Calder Grove, Wakefield, WF4 3FF
Other Actions		View Director Report		View Consumer Report		View Trace Report

Disqualified				Disqualified End Date
Disqualification Exception		No

Current Company Secretary

Name	Kim Lorraine Ansari	Date of Birth	06/05/1959
Officers Title	Mrs	Nationality	British
Present Appointments	4	Function	Company Secretary
Appointment Date	24/08/2000
Address	4 Sandpiper Court, Calder Grove, Wakefield, WF4 3FF

NEGATIVE INFORMATION

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

SHARE & SHARE CAPITAL INFORMATION

Top 20 Shareholders

Name	Individual Share Value
MUJEEBUDDIN ANSARI	1 ORDINARY GBP 1.00
K.L. HODGSON	1 ORDINARY GBP 1.00

PAYMENT INFORMATION

Summary

Outstanding	1
Satisfied	0

GROUP STRUCTURE & AFFILIATED COMPANIES

Group Structure Summary

Company Name	M & K GRAPHIC MACHINERY LTD	Company Number	04058887
Holding Company	-	Ownership Status
Ultimate Holding Company	-	Companies in group	-

Group structure

No group structure

FINANCIAL INFORMATION

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder Funds	Employees
31/08/2010	-	-	-£28,374	-
31/08/2009	-	-	£32,033	-
31/08/2008	-	-	£74,868	-

Profit & Loss

Date Of Accounts	31/08/10	(%)	31/08/09	(%)	31/08/08	(%)	31/08/07	(%)	31/08/06
Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
Turnover	-	-	-	-	-	-	-	-	-
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-
Wages & Salaries	-	-	-	-	-	-	-	-	-
Directors Emoluments	-	-	-	-	-	-	-	-	-
Operating Profit	-	-	-	-	-	-	-	-	-
Depreciation	£841	-0.4%	£844	-	-	-	-	-	-
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	-	-	-
Taxation	-	-	-	-	-	-	-	-	-
Profit After Tax	-	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

Date Of Accounts	31/08/10	(%)	31/08/09	(%)	31/08/08	(%)	31/08/07	(%)	31/08/06
Tangible Assets	£4,436	-7.2%	£4,781	-	0	-	0	-	0
Intangible Assets	0	-	0	-	0	-	0	-	0
Total Fixed Assets	£4,436	-7.2%	£4,781	-	0	-	0	-	0
Stock	£253,967	-28.1%	£353,000	30.7%	£270,145	-	0	-	0
Trade Debtors	£151,841	-62.4%	£403,541	-23.3%	£526,021	85.1%	£284,139	79.9%	£157,921
Cash	£205,855	999.9%	£2,494	-95.1%	£50,848	68.7%	£30,147	999.9%	£2
Other Debtors	0	-	0	-	0	-	0	-	0
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	£611,663	-19.4%	£759,035	-10.4%	£847,014	169.5%	£314,286	99%	£157,923
Trade Creditors	£643,604	-11.9%	£730,779	-5.4%	£772,146	180.2%	£275,615	81.2%	£152,065
Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
Other Short Term Finance	0	-	0	-	0	-	0	-	0
Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	0
Total Current Liabilities	£643,604	-11.9%	£730,779	-5.4%	£772,146	180.2%	£275,615	81.2%	£152,065
Bank Loans & Overdrafts and LTL	£869	-13.4%	£1,004	-	0	-	0	-	0
Other Long Term Finance	0	-	0	-	0	-	0	-	0
Total Long Term Liabilities	£869	-13.4%	£1,004	-	0	-	0	-	0

Capital & Reserves

Date Of Accounts	31/08/10	(%)	31/08/09	(%)	31/08/08	(%)	31/08/07	(%)	31/08/06
Called Up Share Capital	£2	-	£2	-	£2	-	£2	-	£2
P & L Account Reserve	-£28,376	-188.6%	£32,031	-57.2%	£74,866	93.6%	£38,669	560.3%	£5,856
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	-£28,374	-188.6%	£32,033	-57.2%	£74,868	93.6%	£38,671	560.1%	£5,858

Other Financial Items

Date Of Accounts	31/08/10	(%)	31/08/09	(%)	31/08/08	(%)	31/08/07	(%)	31/08/06
Net Worth	-£28,374	-188.6%	£32,033	-57.2%	£74,868	93.6%	£38,671	560.1%	£5,858
Working Capital	-£31,941	-213%	£28,256	-62.3%	£74,868	93.6%	£38,671	560.1%	£5,858
Total Assets	£616,099	-19.3%	£763,816	-9.8%	£847,014	169.5%	£314,286	99%	£157,923
Total Liabilities	£644,473	-11.9%	£731,783	-5.2%	£772,146	180.2%	£275,615	81.2%	£152,065
Net Assets	-£28,374	-188.6%	£32,033	-57.2%	£74,868	93.6%	£38,671	560.1%	£5,858

Cash Flow

Date Of Accounts	31/08/10	(%)	31/08/09	(%)	31/08/08	(%)	31/08/07	(%)	31/08/06
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	31/08/10	(%)	31/08/09	(%)	31/08/08	(%)	31/08/07	(%)	31/08/06
Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
Capital Employed	-£27,505	-183.3%	£33,037	-55.9%	£74,868	93.6%	£38,671	560.1%	£5,858
Number of Employees	-	-	-	-	-	-	-	-	-
Auditors
Auditor Comments	The company is exempt from audit
Bankers
Bank Branch Code

Ratios

Date Of Accounts	31/08/10	31/08/09	31/08/08	31/08/07	31/08/06
Pre-tax profit margin %	-	-	-	-	-
Current ratio	0.95	1.04	1.10	1.14	1.04
Sales/Net Working Capital	-	-	-	-	-
Gearing %	-3.10	3.10	0	0	0
Equity in %	-4.60	4.20	8.80	12.30	3.70
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	0.55	0.55	0.74	1.14	1.04
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	-22.68	22.81	10.31	7.12	25.95
Total Debt Ratio	-22.71	22.84	10.31	7.12	25.95
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	-	-	-	-	-

FOREIGN EXCHANGE RATES

ADDITIONAL INFORMATION

No exact match CCJs are recorded against the company.
There has been no significant change in the company's credit limit.
There is insufficient data to indicate a change in this companies percentage of sales.
In the previous 12 month trading period Net Worth decreased by 188.6%.
A 19.3% decline in Total Assets occurred in the previous 12 month trading period.
There is insufficient data to indicate a change in this companies pre-tax profit.
The company saw an increase in their Cash Balance of 999.9% in the previous 12 month trading period.
The company is exempt from audit.
No recent changes in directorship are recorded.
The company is not part of a group.
The negative change in the P&L Account Reserve suggests that the company made a loss after tax and other appropriations.
The company was established over 10 years ago.

Status History

No Status History found

Event History

Date	Description
16/04/2011	New Accounts Filed
12/10/2010	Annual Returns
29/01/2010	New Accounts Filed
30/09/2009	Annual Returns
05/03/2009	New Accounts Filed
16/09/2008	Annual Returns
15/07/2008	New Accounts Filed
23/08/2007	New Board Member (MUHEEBUDDIN ANSARI) appointed
11/07/2007	New Accounts Filed
11/07/2007	Change in Reg.Office
11/07/2007	Change of Company Postcode
11/07/2007	MUJEEBUDDIN ANSARI has left the board
16/06/2006	Change in Reg.Office
16/06/2006	Change of Company Postcode
08/06/2006	Change of Name

Previous Company Names

Date	Previous Name
06/06/2006	TRUGRADE GRAPHIC MACHINERY LTD

NOTES & COMMENTS

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.38
UK Pound	1	Rs.72.34
Euro	1	Rs.63.87

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%)

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