MIRA INFORM REPORT

Report Date :

28.06.2012

IDENTIFICATION DETAILS

Name :	MANOR PARK TRADING COMPANY LIMITED

Registered Office :	150-165 Garrison Street, Birmingham, West Midlands, B9 4bn. 02110990

Country :	United Kingdom

Financials (as on) :	31.03.2011

Date of Incorporation :	16.03.1987

Com. Reg. No.:	02110990

Legal Form :	Private Limited Company

Line of Business :	Importers the import, distribution and wholesale of household textiles

No. of Employees :	17

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

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 – 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 Identification Details

Subject Reported on	MANOR PARK TRADING COMPANY LIMITED
Registration Number	02110990
VAT Number	GB442285849
Address	MANOR PARK WORKS, 182 GARRISON STREET, BIRMINGHAM, WEST MIDLANDS, B9 4DN.
Telephone	0121 683 7861
Facsimile	0121 683 7864
Web Address	www.manorparktrading.co.uk

Official Company Data

Legal Form	Private Limited
Registration Number	02110990
VAT Number	GB442285849
Subject Status	Trading
Date of Incorporation	16/03/1987
Registered Office	150-165 GARRISON STREET, BIRMINGHAM, WEST MIDLANDS, B9 4BN.
History	4/07/2011 : The Registered Office address changed from MANOR PARK WORKS, 182 GARRISON STREET, BIRMIN.
	22/01/2001 : The Registered Office address changed from MANOR PARK WORKS, 182 GARRISON STREET, BIRMIN.
	15/12/1999 : The Registered Office address changed from MANOR PARK WORKS, MANOR PARK ROAD, HARLESDEN,.
	Business first established in 19/1976.
Date of Last Annual Return to Registry	31/10/2011
Accounts	The last filed accounts at Companies House are those to 31/03/2011
Accounting Reference Date	31/03

Operations

Activities	Importers The import, distribution and wholesale of household textiles.
Nace Code	5141
Premises	Owned,Offices
Staff Employed	17
Import Countries	ALL OVER THE WORLD
Export Countries	No Export Activity
Bankers	BARCLAYS BANK PLC
Address	SCRUBBS LANE.
Sort Code	209655
Auditors	M.S. Alinek

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
30/07/2009	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	0
Number Partially Satisfied	0
Number Satisfied	1

Date of Latest Mortgage Created	28/10/1994
Date of Latest Satisfaction	08/02/1995

Details of most recent Mortgages, Charges and Satisfactions

Date Fully Satisfied	Date Registered	Date Created	Charge Description	Form Type	Lender
08/02/1995	03/11/1994	28/10/1994	Charge Over Credit Balances	N/A	Barclays 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

19/12/2011	Companies House Gazette	All documents required to be delivered to the registrar under section 441 (annual accounts and reports)
25/05/2010	Companies House Gazette	Notification of any change among the company's directors
27/01/1990	Companies House Gazette	Change among directors of a company
12/03/1988	Companies House Gazette	Change among directors of a company
01/04/1987	Companies House Gazette	Change among directors of a company
01/04/1987	Companies House Gazette	Change in the situation of a company's registered office

Company Secretary

Secretary	MR NAZIR AHMAD SHAFI
Service Address	123 DOVE HOUSE LANE, SOLIHULL, WEST MIDLANDS, B91 2EQ.
Country of Origin	UNITED KINGDOM
Date of Birth	01/06/1960
Appointment Date	31/10/1991
Other Directorships	INTIMA TEXTILES LIMITED, CHENAB TEXTILES (UK) LIMITED

Directors

Director	MR MAQBOOL AHMAD SHAFI
Service Address	150-165 GARRISON STREET, BIRMINGHAM, WEST MIDLANDS, B9 4BN.
Country of Origin	UNITED KINGDOM
Date of Birth	09/02/1955
Appointment Date	31/10/1991
Other Directorships	INTIMA TEXTILES LIMITED, CHENAB TEXTILES (UK) LIMITED
Financial Director	MR NAZIR AHMAD SHAFI
Service Address	150-165 GARRISON STREET, BIRMINGHAM, WEST MIDLANDS, B9 4BN.
Country of Origin	UNITED KINGDOM
Date of Birth	01/06/1960
Appointment Date	31/10/1991
Other Directorships	INTIMA TEXTILES LIMITED, CHENAB TEXTILES (UK) LIMITED

Share Capital

Shares	Ordinary GBP 1.00
Issued Number	500
Principal Shareholder	125 Nazir Ahmad Shafi
	125 Mahmood Ahmad Shafi
	125 Munir Ahmad Shafi
	125 Maqbool Ahmad Shafi

The above reflects the principle shareholder(s) by number of shares held, irrespective of share classification type.

Financial Data– Statutory Accounts

Profit and Loss

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
GROSS PROFIT		648	769	861
Wages and Salaries		337	279	247
Directors Emoluments		139	145	176
Auditors Fees		4	4	4
Trading Profit		(106)	82	131
Depreciation		11	20	23
OPERATING PROFIT		(117)	62	108
Non Trading Income			2	3
PRE TAX PROFIT		(117)	64	111
Taxation		(22)	9	(13)
PROFIT AFTER TAX		(95)	55	124
RETAINED PROFITS		(95)	55	124

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	167	198	495	496
Tangible Assets	167	198	495	496
Fixed Assets		198	495	496
TOTAL CURRENT ASSETS	2315	2285	2954	2734
Trade debtors	250	167	514	360
Stocks	2007	1864	1845	2050
Other Current Assets	58	254	595	324
Misc Current Assets		49	6	111
Due From Group			490
Cash	58	205	99	213
TOTAL ASSETS	2482	2483	3449	3230
TOTAL CURRENT LIABILITIES	1066	1087	1788	1624
Trade creditors	1066	1020	841	1007
Short Term Loans		36	889	131
Due To Group		31	834
Due To Directors		5	55	131
Other Liabilities		31	58	486
WORKING CAPITAL	1249	1198	1166	1110
TOTAL LONG TERM LIABS	3	3	3	3
Other Liabilities		3	3	3
NET ASSETS/(LIABILITIES)	1413	1393	1658	1603
SHARE CAPITAL + RESERVES	1413	1393	1658	1603
Share Cap + Sundry Res		1
Issued Share Capital		1
Profit and Loss account	1413	1392	1658	1603
SHAREHOLDERS FUNDS	1413	1393	1658	1603
CAPITAL EMPLOYED	1416	1396	1661	1606

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
Net Cashflow from Oper.				131
Increase in Cash				109
Directors Remuneration		139	145	176
Auditors Remuneration		4	4	4
Liquid Assets	308	372	613	573
Net Working Capital	1249	1198	1166	1110
Other Deferred Liabs	3	3	3	3
Tangible Net Worth(T.N.W)	1413	1393	1658	1603
Equity	1413	1393	1658	1603
Number of Years Trading	24	23	22	21
Number of Employees		17	13	13
Profit per Employee		(6882.4)	4923.1	8538.5

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	2.2	2.1	1.7	1.7
Quick Ratio	0.3	0.4	0.6	0.4
Return on Investment%		(8.2)	2.5	6.4
Return on Assets%		(4.7)	1.9	3.4
T.N.W/Total Assets%	56.9	56.1	48.1	49.6
Return on Capital%		(8.4)	3.9	6.9
Rtn on Shareholders Funds%		(8.4)	3.9	6.9
Borrowing Ratio%		2.6	53.6	8.2
Equity Gearing%	132.2	127.8	92.6	98.5

Key Industry Sector Trends

Year	2012	2011	2010	2009
Sample Size	201	7872	10991	10913
Pre-Tax Profit Margin	8.6	2.9	2.3	0.8
Current Ratio	1.7	1.6	1.6	1.6
Borrowing Ratio	95.8	43.9	36.9	45.7
Return on Capital	20.2	23.8	24.9	24
Creditors Days	42	205	175	125

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

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.

Working Capital

The subject's working capital has improved by 51,000 in the period.

Net Worth

Net worth has increased by 1 % and now stands at GBP 1,413,000.

Fixed Assets

The subject's fixed assets reduced during the year by GBP 31,000 to GBP 167,000 and are now 6 % of total assets compared with 7 % in the previous year.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.57.22
UK Pound	1	Rs.89.42
Euro	1	Rs.71.46

INFORMATION DETAILS

Report Prepared by :

MNL

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.