MIRA INFORM REPORT

Report Date :

07.02.2012

IDENTIFICATION DETAILS

Name :	AGRICULTURAL & INDUSTRIAL PARTS CO. LIMITED
Registered Office :	9 Wassage Way, Hampton Lovett Industrial Esate, Droitwich, Worcestershire, Wr9 0xn
Country :	United Kingdom
Financials (as on) :	30.09.2011
Date of Incorporation :	08.08.2007
Com. Reg. No.:	06337626
Legal Form :	Private Limited Company
Line of Business :	Wholesalers of combined experience in the agricultural parts industry
No. of Employees :	10

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 :	GBP 43,000
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 – September 30^th, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
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 Identification Details

Subject Reported on	AGRICULTURAL & INDUSTRIAL PARTS CO. LIMITED
Registration Number	06337626
VAT Number	GB922137058
Address	9 WASSAGE WAY, DROITWICH, WORCESTERSHIRE, WR9 0XN.
Telephone	01905 795 600
Facsimile	01905 798 833
Email	sales@agrin.co.uk
Web Address	www.agrin.co.uk

Creditline Recommendations

Monthly Credit Guide

GBP 43,000

Official Company Data

Legal Form	Private Limited
Registration Number	06337626
VAT Number	GB922137058
Subject Status	Trading
Date of Incorporation	08/08/2007
Registered Office	9 WASSAGE WAY, HAMPTON LOVETT INDUSTRIAL ESATE, DROITWICH, WORCESTERSHIRE, WR9 0XN.
History	10/09/2008 : The Registered Office address changed from 9 WASSAGE WAY, HAMPTON LOVETT INDUSTRIAL ESAT.
	25/01/2008 : The Registered Office address changed from 25 OAKDENE, SUNNIGDALE, BERKSHIRE, SL5 0BU, S.
Date of Last Annual Return to Registry	08/08/2011
Accounts	The last filed accounts at Companies House are those to 30/09/2011
Accounting Reference Date	30/09

Operations

Activities	Wholesalers of combined experience in the agricultural parts industry.
Premises	Owned,Offices,Warehouse
Staff Employed	10
Import Countries	ALL OVER THE WORLD
Export Countries	No Export Activity
Bankers	NATIONAL WESTMINSTER BANK PLC
Address	DROITWICH SPA.
Sort Code	523040
Auditors	OrmerodRutter Ltd
Subsidiaries	AGRICULTURAL PARTS AND ACCESSORIES LIMITED

Historical Rating

Date	Monthly Credit Guide
04/02/2012	43,000
04/11/2011	39,500
04/08/2011	38,000
04/05/2011	40,000
04/02/2011	27,500

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
20/01/2011	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	5
Number Outstanding	5
Number Partially Satisfied	0
Number Satisfied	0
Date of Latest Mortgage Created	13/07/2011

Details of most recent Mortgages, Charges and Satisfactions

Date Fully Satisfied	Date Registered	Date Created	Charge Description	Form Type	Lender
	15/07/2011	13/07/2011	Fixed Charge On Purchased Debts Which Fail To Vest	MG01	Hsbc Invoice Finance (Uk) Ltd (The Security Holder)
	15/07/2011	13/07/2011	Floating Charge (All Assets)	MG01	Hsbc Invoice Finance (Uk) Ltd (The Security Holder)
	29/06/2011	27/06/2011	Debenture	MG01	Hsbc Bank Plc
	08/01/2011	05/01/2011	Debenture	MG01	Starfish Enterprise S.A.
	19/02/2008	15/02/2008	Debenture	395	National Westminster Bank Plc

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

16/01/2012	Companies House Gazette	All documents required to be delivered to the registrar under section 441 (annual accounts and reports)
06/09/2008	Companies House Gazette	Alteration in memorandum or articles of association
27/02/2008	Companies House Gazette	Resolutions which give vary
27/02/2008	Companies House Gazette	Alteration in memorandum or articles of association
27/02/2008	Companies House Gazette	Change among directors of a company
25/01/2008	Companies House Gazette	Change among directors of a company

Company Secretary

Secretary	AMANDA JAYNE GIORDANO
Service Address	MAESMELLAN, NEW RADNOR, PRESTEIGNE, POWYS, LD8 2TN.
Country of Origin	UNITED KINGDOM
Date of Birth	25/06/1960
Appointment Date	01/12/2007

Directors

Director	STEVEN CLIVE COLLINS
Service Address	5 HONEYMANS GARDENS, DROITWICH, WORCESTERSHIRE, WR9 9AD.
Country of Origin	AUSTRALIA
Date of Birth	12/07/1965
Appointment Date	01/01/2008
Other Directorships	AGRICULTURAL PARTS AND ACCESSORIES LIMITED
Director	JOHN ALBERT BENCE
Service Address	25 OAKDENE, ASCOT, BERKSHIRE, SL5 0BU.
Country of Origin	UNITED KINGDOM
Date of Birth	11/04/1941
Appointment Date	08/08/2007
Other Directorships	NOVEC COMPUTERS LIMITED, AGRICULTURAL PARTS AND ACCESSORIES LIMITED, MB SALES AND MARKETING LIMITED
Director	AMANDA JAYNE GIORDANO
Service Address	MAESMELLAN, NEW RADNOR, PRESTEIGNE, POWYS, LD8 2TN.
Country of Origin	UNITED KINGDOM
Date of Birth	25/06/1960
Appointment Date	01/01/2008

Share Capital

Shares	Ordinary A GBP 1.00
Issued Number	2,000
Shares	Ordinary B GBP 1.00
Issued Number	1
Shares	Ordinary C GBP 0.50
Issued Number	1
Shares	Ordinary D GBP 0.10
Issued Number	1
Principal Shareholder	800 John Albert Bence
	600 Steven Clive Collins
	400 Starfish Enterprises SA
	200 Amanda Jayne Giordano
	1 Amanda Jayne Giordano
	1 Steven Clive Collins
	1 John Albert Bence

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	60
Accounts Date	30/09/2011	30/09/2010	30/09/2009	30/09/2008
Currency	GBP	GBP	GBP	GBP
TOTAL FIXED ASSETS	91	66	70	77
Tangible Assets	91	66	70	77
TOTAL CURRENT ASSETS	2613	1832	1178	892
Trade debtors	1252	908	494	440
Stocks	1238	905	684	452
Other Current Assets	123	19
Cash	123	19
TOTAL ASSETS	2704	1898	1248	969
TOTAL CURRENT LIABILITIES	1167	580	576	468
Trade creditors	1167	580	576	468
WORKING CAPITAL	1446	1252	602	424
TOTAL LONG TERM LIABS	1163	1097	520	520
NET ASSETS/(LIABILITIES)	374	221	152	(19)
SHARE CAPITAL + RESERVES	374	221	152	(19)
Share Cap + Sundry Res	122	122	122	1
Profit and Loss account	252	99	30	(20)
SHAREHOLDERS FUNDS	374	221	152	(19)
CAPITAL EMPLOYED	1537	1318	672	501

Financial Comparison

The following figures are shown in units of 1000

Number of Weeks	52	52	52	60
Accounts Date	30/09/2011	30/09/2010	30/09/2009	30/09/2008
Currency	GBP	GBP	GBP	GBP
Liquid Assets	1375	927	494	440
Net Working Capital	1446	1252	602	424
Other Deferred Liabs	1163	1097	520	520
Tangible Net Worth(T.N.W)	374	221	152	(19)
Equity	374	221	152	(19)
Number of Years Trading	4	3	2	1

Key Credit Ratios

The following figures are shown as Ratios or Percentages

Accounts Date	30/09/2011	30/09/2010	30/09/2009	30/09/2008
Current Ratio	2.2	3.2	2	1.9
Quick Ratio	1.2	1.6	0.9	0.9
T.N.W/Total Assets%	13.8	11.6	12.2	(2)
Equity Gearing%	16.1	13.2	13.9	(1.9)

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 shown on the Balance Sheet is GBP 153,000 increase. This suggests that the Company may have made a post-tax profit of GBP 153,000.

Working Capital

The company's working capital has improved in the period by 15 %.

Net Worth

Net worth has increased by 69 % and now stands at GBP 374,000.

Fixed Assets

The subject's fixed assets increased during the year by GBP 25,000 to GBP 91,000 and are now 3 % of total assets compared with 3 % in the previous year.

Long Term Liabilities

The company's long term liabilities increased during the period by 6% and are now 311 % of net worth compared with 496 % in the previous period.

Long Term Liabilities

Long term liabilities are now 43 % of total liabilities compared with 58 % in the previous period.

Long Term Liabilities

Long term liabilities are 76 % of capital employed, a decrease of 7 % over the previous period.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.48.68
UK Pound	1	Rs.76.75
Euro	1	Rs.63.57

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.