MIRA INFORM REPORT

Report Date :

27.05.2011

IDENTIFICATION DETAILS

Name :	K.& C.MACHINERY LIMITED

Registered Office :	Sparta Close, Midland Trading Estate, Rugby, Warwickshire, CV21 1PS.

Country :	United Kingdom

Financials (as on) :	28.02.2010

Date of Incorporation :	15.02.1960

Com. Reg. No.:	00649484

Legal Form :	Private Limited

Line of Business :	The purchase, rebuilding, reconditioning and sale of machinery.

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 81,000
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

Company Identification Details

Subject Reported on	K.& C.MACHINERY LIMITED
Registration Number	00649484
VAT Number	GB272507071
Address	MIDLAND TRADING EST, SPARTA CLO, RUGBY, WARWICKSHIRE, CV21 1PS.
Telephone	01788 576381
Facsimile	01788 570182

Creditline Recommendations

Monthly Credit Guide

GBP 81,000

Official Company Data

Legal Form	Private Limited
Registration Number	00649484
VAT Number	GB272507071
Subject Status	Trading
Date of Incorporation	15/02/1960
Registered Office	SPARTA CLOSE, MIDLAND TRADING ESTATE, RUGBY, WARWICKSHIRE, CV21 1PS.
Date of Last Annual Return to Registry	25/07/2010
Accounts	The last filed accounts at Companies House are those to 28/02/2010
Accounting Reference Date	28/02

Operations

Activities	The purchase, rebuilding, reconditioning and sale of machinery.
Nace Code	5114
Premises	Leased,Offices,HEAD OFFICE
Staff Employed	13
Bankers	BARCLAYS BANK
Address	RUGBY.
Auditors	Limehouse & Co

Previous Searches

Search History Summary

Last 3 Months	Last 6 Months	Last 12 Months
0	0	0

Search History Details

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

Date	Description
16/12/2008	Miscellaneous

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	30/01/1984

Details of most recent Mortgages, Charges and Satisfactions

Date Fully Satisfied	Date Registered	Date Created	Charge Description	Form Type	Lender
	06/02/1984	30/01/1984	Debenture	N/A	Barclays Bank Plc
	26/09/1980	16/09/1980	Legal Charge	N/A	Barclays Bank Ltd
	08/08/1966	02/08/1966	Debenture	N/A	Barclays Bank Ltd

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

15/08/2006	Companies House Gazette	Alteration in memorandum or articles of association
23/04/2005	Companies House Gazette	Alteration in memorandum or articles of association
06/08/2004	Companies House Gazette	Alteration in memorandum or articles of association
19/03/1998	Companies House Gazette	Change among directors of a company
05/07/1997	Companies House Gazette	Change among directors of a company
22/11/1988	Companies House Gazette	Documents delivered by a company under section 241 (annual accounts)
23/12/1987	Companies House Gazette	Documents delivered by a company under section 241 (annual accounts)

Company Secretary

Secretary	MR RODNEY GEE
Service Address	HOLLY COTTAGE 4 THE HOLLIES, NEWTON, RUGBY, WARWICKSHIRE, CV23 0DD.
Country of Origin	UNITED KINGDOM
Date of Birth	23/04/1946
Appointment Date	30/03/1997

Directors

Director	MR RODNEY GEE
Service Address	HOLLY COTTAGE 4 THE HOLLIES, NEWTON, RUGBY, WARWICKSHIRE, CV23 0DD.
Country of Origin	UNITED KINGDOM
Date of Birth	23/04/1946
Appointment Date	25/07/1991
Director	MRS WINIFRED MAY GEE
Service Address	FLAT 2 TOWNTHORNS, EASENHALL, RUGBY, CV23 0JE.
Country of Origin	UNITED KINGDOM
Date of Birth	19/05/1922
Appointment Date	25/07/1991
Director	MARTYN RICHARD GEE
Service Address	MOWBRAY COTTAGE, BACK LANE, CLAYBROOKE MAGNA, LEICESTERSHIRE, LE17 5AW.
Country of Origin	UNITED KINGDOM
Date of Birth	11/04/1964
Appointment Date	13/03/1998

Share Capital

Shares	Ordinary GBP 1.00
Issued Number	5,300
Principal Shareholder	4,200 Martyn Richard Gee
	1,000 Sarah Louise Bassett
	100 Winifred May Gee

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.

For annual accounts images, view the

Balance Sheet

The following figures are shown in units of 1000

Number of Weeks	52	52	52	52
Accounts Date	28/02/2010	28/02/2009	29/02/2008	28/02/2007
Currency	GBP	GBP	GBP	GBP
TOTAL FIXED ASSETS	95	86	78	84
Tangible Assets	95	86	78	84
TOTAL CURRENT ASSETS	1667	1298	1349	2193
Trade debtors	353	450	160	869
Stocks	1102	739	806	812
Other Current Assets	212	109	383	512
Cash	212	109	383	512
TOTAL ASSETS	1762	1384	1427	2277
TOTAL CURRENT LIABILITIES	675	239	174	975
Trade creditors	675	239	174	975
WORKING CAPITAL	992	1059	1175	1218
TOTAL LONG TERM LIABS				2
NET ASSETS/(LIABILITIES)	1087	1145	1253	1300
SHARE CAPITAL + RESERVES	1087	1145	1253	1300
Share Cap + Sundry Res	10	10	10	10
Profit and Loss account	1077	1135	1243	1290
SHAREHOLDERS FUNDS	1087	1145	1253	1300
CAPITAL EMPLOYED	1087	1145	1253	1302

Financial Comparison

The following figures are shown in units of 1000

Number of Weeks	52	52	52	52
Accounts Date	28/02/2010	28/02/2009	29/02/2008	28/02/2007
Currency	GBP	GBP	GBP	GBP
Liquid Assets	565	559	543	1381
Net Working Capital	992	1059	1175	1218
Other Deferred Liabs				2
Tangible Net Worth(T.N.W)	1087	1145	1253	1300
Equity	1087	1145	1253	1300
Number of Years Trading	50	49	48	47

Key Credit Ratios

The following figures are shown as Ratios or Percentages

Accounts Date	28/02/2010	28/02/2009	29/02/2008	28/02/2007
Current Ratio	2.5	5.4	7.8	2.2
Quick Ratio	0.8	2.3	3.1	1.4
T.N.W/Total Assets%	61.7	82.7	87.8	57.1
Equity Gearing%	161	479.1	720.1	133.1

Key Industry Sector Trends

Year	2011	2010	2009	2008
Sample Size	211	9496	13877	14096
Pre-Tax Profit Margin	38.9	10.6	8.7	8.9
Current Ratio	1.9	1.6	1.6	1.6
Borrowing Ratio	60.2	74	73.3	101.8
Return on Capital	105.2	63.7	52.5	57.9
Creditors Days	265	255	201	305

Above figures relate to companies in 2003 Standard Industry Classification (Nace) sector : Wholesale on a fee or contract basis

Financial Summary

Auditors Qualification

The company has taken advantage of exemptions under the Companies Act such that the accounts have not been audited or examined.

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 shownon the Balance Sheet is GBP 58,000 decrease. This suggests that the Company may have made a post-tax loss of GBP 58,000.

Working Capital

The company's working capital remains positive but reduced by 6 % in the period.

Fixed Assets

The subject's fixed assets increased during the year by GBP 9,000 to GBP 95,000 and are now 5 % of total assets compared with 6 % in the previous year.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.29
UK Pound	1	Rs.73.84
Euro	1	Rs.64.18

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.