MIRA INFORM REPORT

Report Date :

25.01.2012

IDENTIFICATION DETAILS

Name :	ALSTON GARRARD & CO LIMITED

Registered Office :	25 Grosvenor Road, Wrexham, LL11 1BT.

Country :	United Kingdom

Financials (as on) :	30.11.2010

Date of Incorporation :	14.07.2003

Com. Reg. No.:	04831472

Legal Form :	Private Limited

Line of Business :	Suppliers of healthcare products to its own subsidiaries and independent distributors.

No. of Employees :	70

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 79,500
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, 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	ALSTON GARRARD & CO LIMITED
Registration Number	04831472
VAT Number	GB585676579
Address	MODBURY HOUSE, NEW MILLS BUSINESS PARK, IVYBRIDGE, DEVON, PL21 0TP.
Telephone	01548 831 530
Facsimile	01548 831 560
Email	sales@alston-garrard.co.uk
Web Address	www.alston-garrard.co.uk

Creditline Recommendations

Monthly Credit Guide

GBP 79,500

Official Company Data

Legal Form	Private Limited
Registration Number	04831472
VAT Number	GB585676579
Subject Status	Trading
Date of Incorporation	14/07/2003
Registered Office	25 GROSVENOR ROAD, WREXHAM, LL11 1BT.
History	27/07/2005 : The Registered Office address changed from 76 WHITCHURCH ROAD, CARDIFF, CF14 3LX.
	13/08/2003 : The Registered Office address changed from 76 WHITCHURCH ROAD, CARDIFF, CF14 3LX.
Date of Last Annual Return to Registry	14/07/2011
Accounts	The last filed accounts at Companies House are those to 30/11/2010
Accounting Reference Date	31/12

Operations

Activities	Suppliers of healthcare products to its own subsidiaries and independent distributors.
Nace Code	5146
Staff Employed	70
Import Countries	ALL OVER THE WORLD
Auditors	M.D. Coxey & Co Ltd

Historical Rating

Date	Monthly Credit Guide
25/01/2012	79,500
25/10/2011	80,500
25/07/2011	81,500
25/04/2011	77,000
25/01/2011	112,500

Previous Searches

Search History Summary

Last 3 Months	Last 6 Months	Last 12 Months
0	0	2

Search History Details

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

Date	Description
30/03/2011	Miscellaneous
14/03/2011	Miscellaneous
18/11/2010	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	2
Number Outstanding	2
Number Partially Satisfied	0
Number Satisfied	0

Date of Latest Mortgage Created	22/12/2010

Details of most recent Mortgages, Charges and Satisfactions

Date Fully Satisfied	Date Registered	Date Created	Charge Description	Form Type	Lender
	05/01/2011	22/12/2010	Mortgage Deed	MG01	Lloyds Tsb Bank Plc
	21/05/2005	10/05/2005	Debenture Deed	395	Lloyds Tsb 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

13/05/2005	Companies House Gazette	Alteration in memorandum or articles of association
13/08/2003	Companies House Gazette	Change among directors of a company

Company Secretary

Secretary	ROBERT GLENIE
Service Address	25 GROSVENOR ROAD, WREXHAM, LL11 1BT.
Country of Origin	UNITED KINGDOM
Date of Birth	24/01/1946
Appointment Date	14/07/2003

Directors

Director	ROBERT GLENIE
Service Address	25 GROSVENOR ROAD, WREXHAM, LL11 1BT.
Country of Origin	UNITED KINGDOM
Date of Birth	24/01/1946
Appointment Date	14/07/2003
Director	MR SAUL GLENIE
Service Address	1 THE PRECINCT, FORE STREET, KINGSBRIDGE, DEVON, TQ7 1AP.
Country of Origin	UNITED KINGDOM
Date of Birth	27/07/1972
Appointment Date	14/07/2003

Share Capital

Shares	Ordinary GBP 1.00
Issued Number	100
Principal Shareholder	75 Walter Robert Glenie
	25 Saul Glenie

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 Document Image list

Balance Sheet

The following figures are shown in units of 1000

Number of Weeks	52	52	52	52
Accounts Date	30/11/2010	30/11/2009	30/11/2008	30/11/2007
Currency	GBP	GBP	GBP	GBP
TOTAL FIXED ASSETS	395	337	380	411
Tangible Assets	18	17	20	11
Intangible Assets	377	320	360	400
TOTAL CURRENT ASSETS	3415	2670	2320	1904
Trade debtors	2742	2353	2038	1376
Stocks	293	100	136	204
Other Current Assets	380	217	146	324
Cash	380	217	146	324
TOTAL ASSETS	3810	3007	2700	2315
TOTAL CURRENT LIABILITIES	2749	2150	1920	1662
Trade creditors	2749	2150	1920	1662
WORKING CAPITAL	666	520	400	242
TOTAL LONG TERM LIABS	3	3	3
NET ASSETS/(LIABILITIES)	1058	854	777	653
SHARE CAPITAL + RESERVES	1058	854	777	653
Profit and Loss account	1058	854	777	653
SHAREHOLDERS FUNDS	1058	854	777	653
CAPITAL EMPLOYED	1061	857	780	653

Financial Comparison

The following figures are shown in units of 1000

Number of Weeks	52	52	52	52
Accounts Date	30/11/2010	30/11/2009	30/11/2008	30/11/2007
Currency	GBP	GBP	GBP	GBP
Liquid Assets	3122	2570	2184	1700
Net Working Capital	666	520	400	242
Other Deferred Liabs	3	3	3
Tangible Net Worth(T.N.W)	681	534	417	253
Equity	1058	854	777	653
Number of Years Trading	7	6	5	4

Key Credit Ratios

The following figures are shown as Ratios or Percentages

Accounts Date	30/11/2010	30/11/2009	30/11/2008	30/11/2007
Current Ratio	1.2	1.2	1.2	1.1
Quick Ratio	1.1	1.2	1.1	1
T.N.W/Total Assets%	17.9	17.8	15.4	10.9
Borrowing Ratio%
Equity Gearing%	38.4	39.7	40.4	39.3

Key Industry Sector Trends

Year	2011	2010	2009	2008
Sample Size	4346	11110	11140	11296
Pre-Tax Profit Margin	3.4	2.4	1.2	1.1
Current Ratio	1.7	1.6	1.7	1.6
Borrowing Ratio	49.2	44.4	54.8	58.6
Return on Capital	22.2	22.4	23.3	27.2
Creditors Days	66	165	121	99

Above figures relate to companies in 2003 Standard Industry Classification (Nace) sector : Wholesale of household goods

Financial Summary

Auditors Qualification

The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the accounts for the period ended 30/11/2010.

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 204,000 increase. This suggests that the Company may have made a post-tax profit of GBP 204,000.

Working Capital

The company's working capital has increased by 28 % in the period.

Net Worth

Net worth has increased by 24 % and now stands at GBP 1,058,000.

Fixed Assets

The subject's fixed assets increased during the year by GBP 58,000 to GBP 395,000 and are now 10 % of total assets compared with 11 % in the previous year.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.97
UK Pound	1	Rs.77.74
Euro	1	Rs.65.09

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.