MIRA INFORM REPORT

Report Date :

02.06.2012

IDENTIFICATION DETAILS

Name :	ZANOS LTD

Registered Office :	Gilbert House, Haig Road, Parkgate Ind Est, Knutsford, WA16 8DX, Cheshire County

Country :	United Kingdom

Financials (as on) :	30.06.2011

Date of Incorporation :	02.02.2000

Com. Reg. No.:	03917576

Legal Form :	Private Independent

Line of Business :	Chemicals Distribution and Wholesale

No. of Employees :	5

RATING & COMMENTS

MIRA’s Rating :

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

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 – March 31^st, 2012

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

United Kingdom

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

Company name and address

Zanos Ltd

Gilbert House
Haig Road
Parkgate Ind Est
Knutsford, WA16 8DX
United Kingdom
Map

Tel:	01565 755899

www.zanos.co.uk

Employees:	5
Company Type:	Private Independent

Quoted Status:	Non-quoted Company
Incorporation Date:	02-Feb-2000
Auditor:	Voisey & Co

Fiscal Year End:	30-Jun-2011
Reporting Currency:	British Pound Sterling
Annual Sales:	NA
Total Assets:	1.6

Business Description

Chemicals Distribution and Wholesale

Industry

Industry	Business Services
ANZSIC 2006:	6999 - Other Professional, Scientific and Technical Services Not Elsewhere Classified
NACE 2002:	7487 - Other business activities not elsewhere classified
NAICS 2002:	5619 - Other Support Services
UK SIC 2003:	7487 - Other business activities not elsewhere classified
US SIC 1987:	7389 - Business Services, Not Elsewhere Classified

Key Executives

Name	Title
Julian Sarkar	Director

Financial Summary

FYE: 30-Jun-2011

USD (mil)

Key Figures
Current Assets	1.58
Fixed Assets	0.0022
Total Liabilities	0.87
Net Worth	0.71

Key Ratios
Current Ratio	1.81
Acid Test	1.12

Registered No.(UK)

03917576

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6291059
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6228783

Corporate Overview

Location
Gilbert House
Haig Road
Parkgate Ind Est
Knutsford, WA16 8DX
Cheshire County
United Kingdom

Tel:	01565 755899

www.zanos.co.uk

Sales GBP(mil):	NA
Assets GBP(mil):	1.0
Employees:	5
Fiscal Year End:	30-Jun-2011



Industry:	Business Services

Registered Address:
8 Winmarleigh Street
Warrington, WA1 1JW
United Kingdom

Incorporation Date:	02-Feb-2000
Company Type:	Private Independent
Quoted Status:	Not Quoted
Registered No.(UK):	03917576


Director:	Julian Sarkar

Industry Codes

ANZSIC 2006 Codes:
6999	-	Other Professional, Scientific and Technical Services Not Elsewhere Classified

NACE 2002 Codes:
7487	-	Other business activities not elsewhere classified

NAICS 2002 Codes:
5619	-	Other Support Services

US SIC 1987:
7389	-	Business Services, Not Elsewhere Classified

UK SIC 2003:
7487	-	Other business activities not elsewhere classified

Business Description

Chemicals Distribution and Wholesale

Financial Data

Financials in:	GBP(mil)

Assets:	1.0
Current Assets:	1.0
Fixed Assets:	0.0
Long Term Debt:	0.0
Total Liabilities:	0.5
Issued Capital:	0.0
Working Capital:	0.4
Net Worth:	0.4

Date of Financial Data:	30-Jun-2011

1 Year Growth

29.5%

Key Corporate Relationships

Auditor:	Voisey & Co

Auditor:	Voisey & Co

Executives Report

Board of Directors

Name

Title

Function

Julian Sarkar

Director

Director/Board Member

Directors and Shareholders Report

Main Office Address:
Gilbert House
Haig Road
Knutsford
United Kingdom WA16 8DX

Tel: 01565 755899
URL: http://www.zanos.co.uk

Annual Return Date: 02 Feb 2012
Total Issued Capital (GBP 000): 1

Individual Directors

Name	Status	DOB	Filed Address	Appointment Date	Resignation Date	Summary of Directorships
Julian Sarkar	Current	26 Feb 1959	7A Foxley Close, Lymm, Cheshire WA13 0BS	01 Jul 2000	NA	Current:6 Previous:1 Disqualifications:0
Maria Flora Sarkar	Previous	16 Sep 1960	7A Foxley Close, Lymm, Cheshire WA13 0BS	03 Feb 2000	06 Feb 2012	Current:6 Previous:2 Disqualifications:0
Anne Margaret Karas	Previous	14 Mar 1933	Melathron 8 Foxhill Drive, Leeds, West Yorkshire LS16 5PG	03 Feb 2000	01 Jul 2000	Current:0 Previous:1 Disqualifications:0

Corporate Directors

Company Name	Status	Registered Address	Appointment Date	Resignation Date
M J F Services Limited	Previous	9 Holgrave Close, High Legh, Knutsford, Cheshire WA16 6TX	02 Feb 2000	03 Feb 2000

Individual Secretaries

Name	Status	DOB	Filed Address	Appointment Date	Resignation Date	Summary of Directorships
Maria Flora Sarkar	Previous	16 Sep 1960	7A Foxley Close, Lymm, Cheshire WA13 0BS	03 Feb 2000	06 Feb 2012	Current:6 Previous:2 Disqualifications:0
Michael Farrell	Previous	06 May 1954	9 Holgrave Close, High Legh, Knutsford, Cheshire WA16 6TX	02 Feb 2000	03 Feb 2000	Current:2 Previous:34 Disqualifications:0

Corporate Secretaries

There are no corporate secretaries for this company.

Individual Shareholders

Name	Share Details (As Reported)	Share Type	# of Shares	Share Price (GBP)	Share Value (GBP)	% of Total Shares
Julian Sarkar	499 A Ordinary GBP 1.00	A Ordinary	499	1.00	499.00	49.90
Julian Sarkar	501 Ordinary GBP 1.00	Ordinary	501	1.00	501.00	50.10

Corporate Shareholders

There are no corporate shareholders for this company.

Annual Profit & Loss

Zanos Ltd

Knutsford, United Kingdom, Tel: 01565 755899, URL: http://www.zanos.co.uk

Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)

Financial Glossary

	30-Jun-2011	30-Jun-2010	30-Jun-2009	30-Jun-2008	30-Jun-2007
Period Length	52 Weeks	52 Weeks	52 Weeks	52 Weeks	52 Weeks
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate (Period Average)	0.629106	0.633607	0.627423	0.499214	0.517836
Consolidated	No	No	No	No	No

Depreciation	0.0	0.0	0.0	0.0	0.0

Annual Balance Sheet

Financials in: USD (mil)

Financial Glossary

	30-Jun-2011	30-Jun-2010	30-Jun-2009	30-Jun-2008	30-Jun-2007
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate	0.622878	0.668405	0.60722	0.502475	0.498418
Consolidated	No	No	No	No	No

Total Tangible Fixed Assets	0.0	0.0	0.0	0.0	0.0
Intangible Assets	0.0	0.0	0.0	0.1	0.0
Investments	0.0	0.1	0.1	0.0	0.0
Total Fixed Assets	0.0	0.1	0.1	0.1	0.0
Total Stocks Work In Progress	0.6	0.4	0.3	0.3	0.2
Total Debtors	0.8	0.6	0.4	0.5	0.5
Cash and Equivalents	0.2	0.1	0.1	0.2	0.2
Other Current Assets	0.0	0.0	0.0	0.0	0.0
Total Current Assets	1.6	1.1	0.8	0.9	0.9
Total Assets	1.6	1.1	0.8	1.0	0.9
Other Current Liabilities	0.9	0.6	0.5	0.7	0.7
Total Current Liabilities	0.9	0.6	0.5	0.7	0.7
Group Loans (Long Term Liability)	0.0	0.0	0.0	0.0	0.0
Director Loans (Long Term Liability)	0.0	0.0	0.0	0.0	0.0
Hire Purchase (Long Term Liability)	0.0	0.0	0.0	0.0	0.0
Leasing (Long Term Liability)	0.0	0.0	0.0	0.0	0.0
Total Hire Purchase Loans (Long Term Liability)	0.0	0.0	0.0	0.0	0.0
Other Long Term Loans	0.0	0.0	0.0	0.0	0.0
Accruals/Deferred Income (Long Term Liability)	0.0	0.0	0.0	0.0	0.0
Other Long Term Liabilities	0.0	0.0	0.0	0.0	0.0
Total Long Term Liabilities	0.0	0.0	0.0	0.0	0.0
Deferred Taxation	0.0	0.0	0.0	0.0	0.0
Other Provisions	0.0	0.0	0.0	0.0	0.0
Total Provisions	0.0	0.0	0.0	0.0	0.0
Issued Capital	0.0	0.0	0.0	0.0	0.0
Share Premium Accounts	0.0	0.0	0.0	0.0	0.0
Revaluation Reserve	0.0	0.0	0.0	0.0	0.0
Retained Earnings	0.7	0.5	0.4	0.3	0.2
Other Reserves	0.0	0.0	0.0	0.0	0.0
Minority Interests (Balance Sheet)	0.0	0.0	0.0	0.0	0.0
Total Shareholders Funds	0.7	0.5	0.4	0.3	0.2
Net Worth	0.7	0.5	0.4	0.2	0.2

Annual Cash Flows

Financials in: USD (mil)

Financial Glossary

	30-Jun-2011	30-Jun-2010	30-Jun-2009	30-Jun-2008	30-Jun-2007
Period Length	52 Weeks	52 Weeks	52 Weeks	52 Weeks	52 Weeks
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate (Period Average)	0.629106	0.633607	0.627423	0.499214	0.517836
Consolidated	No	No	No	No	No

Annual Ratios

Financials in: USD (mil)

	30-Jun-2011	30-Jun-2010	30-Jun-2009	30-Jun-2008	30-Jun-2007
Period Length	52 Weeks	52 Weeks	52 Weeks	52 Weeks	52 Weeks
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate	0.622878	0.668405	0.60722	0.502475	0.498418
Consolidated	No	No	No	No	No

Current Ratio	1.81	1.70	1.65	1.29	1.34
Liquidity Ratio	1.12	1.07	1.10	0.87	1.05
Equity Gearing	44.82%	44.13%	44.15%	28.72%	25.53%

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.91
UK Pound	1	Rs.86.03
Euro	1	Rs.69.12

INFORMATION DETAILS

Report Prepared by :

PDT

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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