MIRA INFORM REPORT

Report Date :

15.02.2012

IDENTIFICATION DETAILS

Name :	REMGOLD LIMITED

Registered Office :	Units 3&4 172 Wakefield Road, Ossett, Wakefield, West Yorkshire, WF5 9AQ.

Country :	United Kingdom

Financials (as on) :	31.03.2011

Date of Incorporation :	21.07.2004

Com. Reg. No.:	05186184

Legal Form :	Private Limited

Line of Business :	Suppliers of hand printing machinery company.

No. of Employees :	15

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	GBP 17,000
Status :	Small Company
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, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

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	REMGOLD LIMITED
Registration Number	05186184
Address	WAKEFIELD COMMERCIAL PARK, BRIDGE RD, WAKEFIELD, WEST YORKSHIRE, WF4 5NW.
Telephone	01924 265 423

Creditline Recommendations

Monthly Credit Guide

GBP 17,000

Official Company Data

Legal Form	Private Limited
Registration Number	05186184
Subject Status	Trading
Date of Incorporation	21/07/2004
Registered Office	UNITS 3&4 172 WAKEFIELD ROAD, OSSETT, WAKEFIELD, WEST YORKSHIRE, WF5 9AQ.
History	18/10/2010 : The Registered Office address changed from WAKEFIELD COMMERCIAL PARK, BRIDGE ROAD HORBUR.
	9/05/2006 : The Registered Office address changed from 12-14 CHURCH STREET, ECCLESFIELD, SHEFFIELD,.
	28/07/2004 : The Registered Office address changed from 788-790 FINCHLEY ROAD, LONDON, NW11 7TJ, NW11.
Date of Last Annual Return to Registry	21/07/2011
Accounts	The last filed accounts at Companies House are those to 31/03/2011
Accounting Reference Date	31/03

Operations

Activities	Suppliers of hand printing machinery company.
Premises	Leased,Offices,Warehouse
Staff Employed	15
Trade Names	SPEEDMALT
Import Countries	No Import Activity
Export Countries	No Export Activity
Auditors	Carter Smith
Branches	172 WAKEFIELD RD, OSSETT, WEST YORKSHIRE, WF5 9AQ.

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
16/12/2010	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	1
Number Outstanding	1
Number Partially Satisfied	0
Number Satisfied	0

Date of Latest Mortgage Created	20/12/2006

Details of most recent Mortgages, Charges and Satisfactions

Date Fully Satisfied	Date Registered	Date Created	Charge Description	Form Type	Lender
	22/12/2006	20/12/2006	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

06/08/2010	Companies House Gazette	Notification of any change among the company's directors
23/12/2009	Companies House Gazette	Notification of any change among the company's directors
01/04/2005	Companies House Gazette	Change among directors of a company
26/11/2004	Companies House Gazette	Change among directors of a company

Company Secretary

Secretary	MR SATNAM VIRDEE
Service Address	16 OAKLANDS AVENUE, ADEL, LEEDS, WEST YORKSHIRE, LS16 8NR.
Country of Origin	UNITED KINGDOM
Date of Birth	10/07/1954
Appointment Date	07/04/2006

Directors

Director	MR DEREK BENTHAM
Service Address	UNITS 3&4 172 WAKEFIELD ROAD, OSSETT, WAKEFIELD, WEST YORKSHIRE, WF5 9AQ.
Country of Origin	UNITED KINGDOM
Date of Birth	24/03/1952
Appointment Date	06/08/2010
Director	MR SATNAM VIRDEE
Service Address	16 OAKLANDS AVENUE, ADEL, LEEDS, WEST YORKSHIRE, LS16 8NR.
Country of Origin	UNITED KINGDOM
Date of Birth	10/07/1954
Appointment Date	22/11/2004

Share Capital

Shares	Ordinary A GBP 1.00
Issued Number	66
Shares	Ordinary B GBP 1.00
Issued Number	66
Principal Shareholder	33 Ruth Bentham
	33 Derek Bentham
	33 ManjitVirdee
	33 SatnamVirdee

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	31/03/2011	31/03/2010	31/03/2009	31/03/2008
Currency	GBP	GBP	GBP	GBP
TOTAL FIXED ASSETS	71	17	21	24
Tangible Assets	71	17	21	24
TOTAL CURRENT ASSETS	352	439	299	920
Trade debtors	76	106	54	346
Stocks	110	171	87	263
Other Current Assets	166	162	158	311
Cash	166	162	158	311
TOTAL ASSETS	423	456	320	944
TOTAL CURRENT LIABILITIES	269	367	278	920
Trade creditors	269	367	278	920
WORKING CAPITAL	83	72	21
TOTAL LONG TERM LIABS	35	25	4	12
NET ASSETS/(LIABILITIES)	119	64	38	12
SHARE CAPITAL + RESERVES	119	64	38	12
Share Cap + Sundry Res	(30)	(30)	(30)	(30)
Profit and Loss account	149	94	68	42
SHAREHOLDERS FUNDS	119	64	38	12
CAPITAL EMPLOYED	154	89	42	24

Financial Comparison

The following figures are shown in units of 1000

Number of Weeks	52	52	52	52
Accounts Date	31/03/2011	31/03/2010	31/03/2009	31/03/2008
Currency	GBP	GBP	GBP	GBP
Liquid Assets	242	268	212	657
Net Working Capital	83	72	21
Other Deferred Liabs	35	25	4	12
Tangible Net Worth(T.N.W)	119	64	38	12
Equity	119	64	38	12
Number of Years Trading	7	6	5	4

Key Credit Ratios

The following figures are shown as Ratios or Percentages

Accounts Date	31/03/2011	31/03/2010	31/03/2009	31/03/2008
Current Ratio	1.3	1.2	1.1	1
Quick Ratio	0.9	0.7	0.8	0.7
T.N.W/Total Assets%	28.1	14	11.9	1.3
Equity Gearing%	39.1	16.3	13.5	1.3

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 2,800,001 and therefore this is a small company as defined by the Companies Act.It is not required to disclose turnover but it is likely to be less than GBP 5,600,000.

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 55,000 increase. This suggests that the Company may have made a post-tax profit of GBP 55,000.

Working Capital

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

Net Worth

Net worth has increased by 86 % and now stands at GBP 119,000.

Fixed Assets

The subject's fixed assets increased during the year by GBP 54,000 to GBP 71,000 and are now 16 % of total assets compared with 3 % in the previous year.

Long Term Liabilities

The company's long term liabilities increased during the period by 40% and are now 29 % of net worth compared with 39 % in the previous period.

Long Term Liabilities

Long term liabilities are now 8 % of total liabilities compared with 5 % in the previous period.

Long Term Liabilities

Long term liabilities are 23 % of capital employed, a decrease of 5 % over the previous period.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.33
UK Pound	1	Rs.77.41
Euro	1	Rs.64.84

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.