MIRA INFORM REPORT

Report Date :

13.01.2012

IDENTIFICATION DETAILS

Name :	BRITANNIA FASTENERS LIMITED

Formerly Known As :	A.F.U. LTD.

Registered Office :	4/6 Auckland Street, Burslem, Stoke On Trent, ST6 2AT

Country :	United Kingdom

Financials (as on) :	31.10.2010

Date of Incorporation :	18.06.1991

Com. Reg. No.:	02621288

Legal Form :	Private limited with Share Capital

Line of Business :	Suppliers of Fasteners

No. of Employees :	Not Available

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 :	£10,000

Status :	Moderate

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

REGISTERED NAME & COMPANY SUMMARY

Company Name	BRITANNIA FASTENERS LIMITED	Company Number	02621288
		Safe Number	UK02282500
Registered Address	4/6 AUCKLAND STREET	Trading Address	4/6 Auckland Street Burslem Stoke On Trent Staffordshire ST6 2AT
	BURSLEM
	STOKE ON TRENT
	ST6 2AT
Website Address	-
Telephone Number	01782833233	Fax Number
TPS	No	FPS	No
Incorporation Date	18/06/1991	Company Status	Active - Accounts Filed
Previous Name	A.F.U. LTD.	Type	Private limited with Share Capital
Date of Change	07/10/1991	Filing Date of Accounts	31/03/2011
		Share Capital	£2,000
SIC03	9305	Currency	GBP
SIC03 Description	OTHER SERVICE ACTIVITIES
SIC07	96090
SIC07 Description	OTHER SERVICE ACTIVITIES N.E.C.
Principal Activity

CREDIT recommendation

Current Credit Limit: £10,000

Credit Rating / Limit additional comments:

DIRECTORS/MANAGEMENT

Current Directors

Name	David Arthur Ford	Date of Birth	12/07/1951
Officers Title	Mr	Nationality	British
Present Appointments	6	Function	Director
Appointment Date	18/06/1992
Address	Longshoot, Woodside Cottages Mow Cop, Stoke On Trent, ST7 4NB
Other Actions	View Director Report	View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Stephen Leonard Jenks	Date of Birth	03/02/1953
Officers Title	Mr	Nationality	British
Present Appointments	3	Function	Director
Appointment Date	18/06/1992
Address	Woodcroft, Woodstone Avenue, Endon, ST9 9DL
Other Actions	View Director Report	View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Steven James Nicholl	Date of Birth	24/07/1967
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	18/06/1992
Address	27 The Village, Walton On The Hill, Stafford, ST17 0LE
Other Actions	View Director Report	View Consumer Report	View Trace Report

Disqualified		Disqualified End Date
Disqualification Exception	No

Current Company Secretary

Name	David Arthur Ford	Date of Birth	12/07/1951
Officers Title	Mr	Nationality	British
Present Appointments	6	Function	Company Secretary
Appointment Date	18/06/1992
Address	Longshoot, Woodside Cottages Mow Cop, Stoke On Trent, ST7 4NB

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Russell Ridgeway	1	1
Pamela Treglown Whalley	0	1

NEGATIVE INFORMATION

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade Debtors / Bad Debt -	3
Total Value of Documented Trade Debtors / Bad Debt -	£1,339

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

Mortgage Summary

Outstanding	2
Satisfied	0

SHARE & SHARE CAPITAL INFORMATION

Top 20 Shareholders

Name		Individual Share Value
DAVID ARTHUR FORD		500 ORDINARY GBP 1.00
MR STEVEN JAMES NICHOLL		500 ORDINARY GBP 1.00
MR KEVIN DUNCAN ADAMS		500 ORDINARY GBP 1.00
STEPHEN LEONARD JENKS		500 ORDINARY GBP 1.00
Share Capital	£2,000

PAYMENT INFORMATION

GROUP STRUCTURE & AFFILIATED COMPANIES

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group structure

No group structure

Statistics

Group	0 companies
Linkages	0 companies
Countries	In 0 countries

FINANCIAL INFORMATION

Profit & Loss

Date Of Accounts	31/10/10	(%)	31/10/09	(%)	31/10/08	(%)	31/10/07	(%)	31/10/06
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	£1,265	-22.4%	£1,630	-22.4%	£2,101	-22.8%	£2,721	-23%	£3,532
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	-	-	-
Taxation	-	-	-	-	-	-	-	-	-
Profit After Tax	-	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

Date Of Accounts	31/10/10	(%)	31/10/09	(%)	31/10/08	(%)	31/10/07	(%)	31/10/06
Tangible Assets	£70,382	-1.8%	£71,647	-2.2%	£73,277	-2.8%	£75,378	-3.5%	£78,099
Intangible Assets	0	-	0	-	0	-	0	-	0
Total Fixed Assets	£70,382	-1.8%	£71,647	-2.2%	£73,277	-2.8%	£75,378	-3.5%	£78,099
Stock	£141,500	15%	£123,000	2.9%	£119,570	104.8%	£58,374	-34.6%	£89,200
Trade Debtors	£384,043	61.3%	£238,166	-19.5%	£296,016	-31.8%	£434,023	-	0
Cash	£611	28.9%	£474	-9.9%	£526	-18.2%	£643	122.5%	£289
Other Debtors	0	-	0	-	0	-	0	-100%	£323,737
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	£526,154	45.5%	£361,640	-13.1%	£416,112	-15.6%	£493,040	19.3%	£413,226
Trade Creditors	£535,267	41.9%	£377,123	-12.4%	£430,347	-16.9%	£517,942	-	0
Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
Other Short Term Finance	0	-	0	-	0	-	0	-	0
Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-100%	£435,703
Total Current Liabilities	£535,267	41.9%	£377,123	-12.4%	£430,347	-16.9%	£517,942	18.9%	£435,703
Bank Loans & Overdrafts and LTL	£1,260	-	£1,260	-	£1,260	-	£1,260	-74.1%	£4,858
Other Long Term Finance	0	-	0	-	0	-	0	-	0
Total Long Term Liabilities	£1,260	-	£1,260	-	£1,260	-	£1,260	-74.1%	£4,858

Capital & Reserves

Date Of Accounts	31/10/10	(%)	31/10/09	(%)	31/10/08	(%)	31/10/07	(%)	31/10/06
Called Up Share Capital	£2,000	-	£2,000	-	£2,000	-	£2,000	-	£2,000
P & L Account Reserve	£57,009	9.8%	£51,904	-5.3%	£54,782	18.5%	£46,216	-3.2%	£47,764
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	£1,000	-	£1,000	-	£1,000	-	£1,000	-	£1,000
Shareholder Funds	£60,009	9.3%	£54,904	-5%	£57,782	17.4%	£49,216	-3%	£50,764

Other Financial Items

Date Of Accounts	31/10/10	(%)	31/10/09	(%)	31/10/08	(%)	31/10/07	(%)	31/10/06
Net Worth	£60,009	9.3%	£54,904	-5%	£57,782	17.4%	£49,216	-3%	£50,764
Working Capital	-£9,113	41.1%	-£15,483	-8.8%	-£14,235	42.8%	-£24,902	-10.8%	-£22,477
Total Assets	£596,536	37.7%	£433,287	-11.5%	£489,389	-13.9%	£568,418	15.7%	£491,325
Total Liabilities	£536,527	41.8%	£378,383	-12.3%	£431,607	-16.9%	£519,202	17.9%	£440,561
Net Assets	£60,009	9.3%	£54,904	-5%	£57,782	17.4%	£49,216	-3%	£50,764

Cash Flow

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

Miscellaneous

Date Of Accounts	31/10/10	(%)	31/10/09	(%)	31/10/08	(%)	31/10/07	(%)	31/10/06
Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
Capital Employed	£61,269	9.1%	£56,164	-4.9%	£59,042	17%	£50,476	-9.3%	£55,622
Number of Employees	-	-	-	-	-	-	-	-	-
Auditors
Auditor Comments	The company is exempt from audit
Bankers	THE ROYAL BANK OF SCOTLAND PLC
Bank Branch Code

Ratios

Date Of Accounts	31/10/10	31/10/09	31/10/08	31/10/07	31/10/06
Pre-tax profit margin %	-	-	-	-	-
Current ratio	0.98	0.96	0.97	0.95	0.95
Sales/Net Working Capital	-	-	-	-	-
Gearing %	2.10	2.30	2.20	2.60	9.60
Equity in %	10.10	12.70	11.80	8.70	10.30
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	0.71	0.63	0.68	0.84	0.74
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	8.91	6.86	7.44	10.52	8.58
Total Debt Ratio	8.94	6.89	7.46	10.54	8.68
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	-	-	-	-	-

FOREIGN EXCHANGE RATES

ADDITIONAL INFORMATION

Status History

No Status History found

Event History

Date	Description
25/06/2011	Annual Returns
11/04/2011	New Accounts Filed
11/09/2010	Annual Returns
25/05/2010	New Accounts Filed
17/07/2009	Annual Returns
12/05/2009	New Accounts Filed
25/07/2008	Annual Returns
30/05/2008	New Accounts Filed
13/08/2007	Annual Returns
29/01/2007	New Accounts Filed
14/07/2006	PAMELA TREGLOWNWHALLEY has left the board
03/07/2006	New Accounts Filed
29/04/2005	New Accounts Filed
20/07/2004	Annual Returns
17/06/2004	Data Refresh

Previous Company Names

Date	Previous Name	Companies House Documents
07/10/1991	A.F.U. LTD.	View Document

Mortgage Details

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	21/10/94
Date Charge Registered:	04/11/94
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	THE ROYAL BANK OF SCOTLAND PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	4/6 AUCKLAND STREET BURSLEM STOKE ON TRENT AND PRESENT AND FUTURE GOODWILL BY WAY OF FIXED CHARGE THE BENEFIT OF ALL COVENANTS AND RIGHTS CONCERNING THE PROPERTY AND THE PLANT MACHINERY FIXTURES AND FITTINGS FURNITURE EQUIPMENT IMPLEMENTS AND UTENSILS

Mortgage Type:	DEBENTURE
Date Charge Created:	24/01/92
Date Charge Registered:	28/01/92
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	THE ROYAL BANK OF SCOTLAND PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY

Creditor Details

No Creditor Data

Total Value

Trade Debtors / Bad Debt Detail

Company Name	Amount	Statement Date
Eco Minerals Limited	£662	27/11/2009
Total Fencing (UK) Limited	£408	26/11/2009
Burgees Food Equipment Ltd	£269	10/01/2011

Total Value

£1,339

NOTES & COMMENTS

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.51.83
UK Pound	1	Rs.79.42
Euro	1	Rs.65.90

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.