MIRA INFORM REPORT

Report Date :

23.08.2012

IDENTIFICATION DETAILS

Name :	TECWIN LIMITED
Formerly Known As :	TREATMENT & COATING OF METALS
Registered Office :	"The Old Doctor's House" , 74 Grange Road , Dudley, Dy1 2aw
Country :	United Kingdom
Financials (as on) :	31.03.2011
Date of Incorporation :	21.01.2004
Com. Reg. No.:	05021739
Legal Form :	Private limited with Share Capital
Line of Business :	Treatment and coating of metals
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B

RATING			STATUS		PROPOSED CREDIT LINE
26-40		B	Capability to overcome financial difficulties seems comparatively below average.		Small
	Status :			Moderate
	Payment Behaviour :			Slow
	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 31st, 2012

Country Name	Previous Rating (31.12.2011)	Current Rating (31.03.2012)
United Kingdom	A1	A1

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

REGISTERED NAME & COMPANY SUMMARY

Company Name	TECWIN LIMITED	Company Number	05021739
Registered Address	"THE OLD DOCTOR'S HOUSE"	Trading Address	74 Grange Road Dudley West Midlands DY1 2AW
	74 GRANGE ROAD
	DUDLEY
	DY1 2AW
Website Address	-	Operating Address	Unit 15, Old Forge, Trading Estate, Dudley Road, Lye Stourbridge West Midlands D498EL, England
Telephone Number	-	Fax Number
TPS	-	FPS	No
Incorporation Date	21/01/2004	Company Status	Active - Accounts Filed
Previous Name		Type	Private limited with Share Capital
Date of Change	-	Filing Date of Accounts	28/09/2011
		Share Capital	£1
SIC03	2851	Currency	GBP
SIC03 Description	TREATMENT & COATING OF METALS
SIC07	25610
SIC07 Description	TREATMENT AND COATING OF METALS

DIRECTORS/MANAGEMENT

Current Directors

Name	Alan Bass	Date of Birth	26/09/1950
Officers Title	Mr	Nationality	British
Present Appointments	15	Function	Director
Appointment Date	02/02/2004
Address	"The Old Doctor's House" 74 Grange Road,  ,  Dudley,  DY1 2AW

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 -	-

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
MRS A. BASS	1 ORDINARY GBP 1.00

PAYMENT INFORMATION

N/a

GROUP STRUCTURE & AFFILIATED COMPANIES

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company

Group structure

No group structure

FINANCIAL INFORMATION

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder Funds	Employees
31/03/2011	-	-	-£16,079	-
31/03/2010	-	-	-£16,610	-
31/03/2009	-	-	-£11,219	-

Profit & Loss

Date Of Accounts	31/03/11	(%)	31/03/10	(%)	31/03/09	(%)	31/03/08	(%)	31/03/07
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	£3,675	-11.3%	£4,143	-7.9%	£4,500	22.9%	£3,661	-	£3,661
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	-	-	-
Taxation	-	-	-	-	-	-	-	-	-
Profit After Tax	-	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

Date Of Accounts	31/03/11	(%)	31/03/10	(%)	31/03/09	(%)	31/03/08	(%)	31/03/07
Tangible Assets	£32,497	-9%	£35,693	-10.4%	£39,836	40.6%	£28,336	-11.4%	£31,997
Intangible Assets	0	-	0	-	0	-	0	-	0
Total Fixed Assets	£32,497	-9%	£35,693	-10.4%	£39,836	40.6%	£28,336	-11.4%	£31,997
Stock	£5,000	-74.2%	£19,411	385.3%	£4,000	-41.3%	£6,820	-32.1%	£10,044
Trade Debtors	£97,753	34.1%	£72,921	15.6%	£63,091	161.5%	£24,130	96%	£12,312
Cash	£9,549	999.9%	£162	-97%	£5,324	357%	£1,165	-82.2%	£6,530
Other Debtors	£4,814	-	0	-	0	-	0	-	0
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	£117,116	26.6%	£92,494	27.7%	£72,415	125.5%	£32,115	11.2%	£28,886
Trade Creditors	£147,307	12.2%	£131,251	40.4%	£93,481	188.2%	£32,437	-31.7%	£47,486
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	£147,307	12.2%	£131,251	40.4%	£93,481	188.2%	£32,437	-31.7%	£47,486
Bank Loans & Overdrafts and LTL	£18,385	35.7%	£13,546	-54.8%	£29,989	99.9%	£15,000	261.3%	£4,152
Other Long Term Finance	0	-	0	-	0	-	0	-	0
Total Long Term Liabilities	£18,385	35.7%	£13,546	-54.8%	£29,989	99.9%	£15,000	261.3%	£4,152

Capital & Reserves

Date Of Accounts	31/03/11	(%)	31/03/10	(%)	31/03/09	(%)	31/03/08	(%)	31/03/07
Called Up Share Capital	£1	-	£1	-	£1	-	£1	-	£1
P & L Account Reserve	-£16,080	3.2%	-£16,611	-48%	-£11,220	-186.2%	£13,013	40.8%	£9,244
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	-£16,079	3.2%	-£16,610	-48.1%	-£11,219	-186.2%	£13,014	40.8%	£9,245

Other Financial Items

Date Of Accounts	31/03/11	(%)	31/03/10	(%)	31/03/09	(%)	31/03/08	(%)	31/03/07
Net Worth	-£16,079	3.2%	-£16,610	-48.1%	-£11,219	-186.2%	£13,014	40.8%	£9,245
Working Capital	-£30,191	22.1%	-£38,757	-84%	-£21,066	-999.9%	-£322	98.3%	-£18,600
Total Assets	£149,613	16.7%	£128,187	14.2%	£112,251	85.7%	£60,451	-0.7%	£60,883
Total Liabilities	£165,692	14.4%	£144,797	17.3%	£123,470	160.3%	£47,437	-8.1%	£51,638
Net Assets	-£16,079	3.2%	-£16,610	-48.1%	-£11,219	-186.2%	£13,014	40.8%	£9,245

Cash Flow

Date Of Accounts	31/03/11	(%)	31/03/10	(%)	31/03/09	(%)	31/03/08	(%)	31/03/07
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	31/03/11	(%)	31/03/10	(%)	31/03/09	(%)	31/03/08	(%)	31/03/07
Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
Capital Employed	£2,306	175.3%	-£3,064	-116.3%	£18,770	-33%	£28,014	109.1%	£13,397

FOREIGN EXCHANGE RATES

N/a

ADDITIONAL INFORMATION

Commentary

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.

Net Worth increased by 3.2% during the latest trading period.

A 16.7% growth in Total Assets occurred during the latest 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% during the latest trading period.

The company is exempt from audit.

No recent changes in directorship are recorded.

The company is not part of a group.

The positive change in the P&L Account Reserve suggests that the company made a profit after tax and other appropriations.

The company was established over 8 years ago.

Year to Date	Employees
31/03/2011	-
31/03/2010	-
31/03/2009	-

Current Company Secretary

Name	Angela Bass	Date of Birth	12/11/1951
Officers Title	Mrs	Nationality	British
Present Appointments	4	Function	Company Secretary
Appointment Date	02/02/2004
Address	368 Lickey Road,  Rednal,  Birmingham,  B45 8RZ
Other Actions		View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Miscellaneous

Date Of Accounts	31/03/11	(%)	31/03/10	(%)	31/03/09	(%)	31/03/08	(%)	31/03/07
Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
Capital Employed	£2,306	175.3%	-£3,064	-116.3%	£18,770	-33%	£28,014	109.1%	£13,397
Number of Employees	-	-	-	-	-	-	-	-	-
Auditors
Auditor Comments	The company is exempt from audit
Bankers
Bank Branch Code

Ratios

Date Of Accounts	31/03/11	31/03/10	31/03/09	31/03/08	31/03/07
Pre-tax profit margin %	-	-	-	-	-
Current ratio	0.80	0.70	0.77	0.99	0.61
Sales/Net Working Capital	-	-	-	-	-
Gearing %	-114.30	-81.60	-267.30	115.30	44.90
Equity in %	-10.70	-13	-10	21.50	15.20
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	0.76	0.55	0.73	0.77	0.40
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	-9.16	-7.90	-8.33	2.49	5.13
Total Debt Ratio	-10.30	-8.71	-11	3.64	5.58
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	-	-	-	-	-

Status History

No Status History found

Event History

Date	Description
26/01/2012	Annual Returns
06/10/2011	New Accounts Filed
26/01/2011	Annual Returns
07/01/2011	New Accounts Filed
22/02/2010	Annual Returns
27/01/2010	New Accounts Filed
31/07/2009	Change in Reg.Office
31/07/2009	Change of Company Postcode
10/02/2009	New Accounts Filed
01/02/2009	Annual Returns
12/02/2008	Annual Returns
08/10/2007	New Accounts Filed
15/03/2007	New Accounts Filed
09/11/2005	New Accounts Filed
19/07/2005	Change in Reg.Office

Limit History

Date	Limit
05/10/2011	£500
14/06/2011	£500
31/01/2011	£0
07/01/2011	£500
18/12/2010	£0
27/01/2010	£500
02/01/2010	£0
24/06/2009	£0
20/02/2009	£0
10/02/2009	£1,000

Previous Company Names

No Previous Names found

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.51
UK Pound	1	Rs.87.60
Euro	1	Rs.69.17

INFORMATION DETAILS

Report Prepared by :

MNL

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.