MIRA INFORM REPORT

Report Date :

22.03.2012

IDENTIFICATION DETAILS

Name :	M & K GRAPHIC MACHINERY LTD

Formerly Known As :	TRUGRADE GRAPHIC MACHINERY LTD.

Registered Office :	4 Sandpiper Court, Calder Grove, Wakefield, West Yorkshire, Wf4 3ff

Country :	United Kingdom

Financials (as on) :	31.08.2011

Date of Incorporation :	24.08.2000

Com. Reg. No.:	04058887

Legal Form :	Private Limited Company

Line of Business :	Not Available

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	GBP 1,000

Status :	Small Company

Payment Behaviour :	Unknown

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^th, 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	M & K GRAPHIC MACHINERY LTD
Registration Number	04058887

Creditline Recommendations

Monthly Credit Guide

GBP 1,000

Official Company Data

Legal Form	Private Limited
Registration Number	04058887
Subject Status	Trading
Date of Incorporation	24/08/2000
Registered Office	4 SANDPIPER COURT, CALDER GROVE, WAKEFIELD, WEST YORKSHIRE, WF4 3FF.
History	28/06/2007 : The Registered Office address changed from FLAT 3, 32B CANNING ROAD, CROYDON, SURREY CR0.
	6/06/2006 : Change of name from TRUGRADE GRAPHIC MACHINERY LTD.
	1/06/2006 : The Registered Office address changed from UNIT 2 CRIGGLESTONE IND ESTATE, HIGH STREET C.
	26/08/2003 : The Registered Office address changed from 248 BROCKLEY ROAD, LONDON, SE4 2SF.
Date of Last Annual Return to Registry	24/08/2011
Accounts	The last filed accounts at Companies House are those to 31/08/2011
Accounting Reference Date	31/08

Operations

Nace Code	5118
Auditors	Rajeev Accountants

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

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	02/04/2008

Details of most recent Mortgages, Charges and Satisfactions

Date Fully Satisfied	Date Registered	Date Created	Charge Description	Form Type	Lender
	05/04/2008	02/04/2008	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

25/01/2012	Companies House Gazette	All documents required to be delivered to the registrar under section 441 (annual accounts and reports)
11/08/2007	Companies House Gazette	Change among directors of a company
28/06/2007	Companies House Gazette	Change among directors of a company
23/10/2000	Companies House Gazette	Change among directors of a company
25/08/2000	Companies House Gazette	Change among directors of a company

Company Secretary

Secretary	KIM LORRAINE ANSARI
Service Address	4 SANDPIPER COURT, CALDER GROVE, WAKEFIELD, WF4 3FF.
Country of Origin	UNITED KINGDOM
Date of Birth	06/05/1959
Appointment Date	24/08/2000
Other Directorships	TRU GRADE INTERNATIONAL LIMITED

Directors

Director	KIM LORRAINE ANSARI
Service Address	4 SANDPIPER COURT, CALDER GROVE, WAKEFIELD, WF4 3FF.
Country of Origin	UNITED KINGDOM
Date of Birth	06/05/1959
Appointment Date	24/08/2000
Other Directorships	TRU GRADE INTERNATIONAL LIMITED
Sales Director	MUJEEBUDDIN ANSARI
Service Address	4 SANDPIPER COURT, CALDER GROVE, WAKEFIELD, WEST YORKSHIRE, WF4 3FF.
Country of Origin	UNITED KINGDOM
Date of Birth	02/07/1949
Appointment Date	10/08/2007
Other Directorships	TRU GRADE INTERNATIONAL LIMITED

Share Capital

Shares	Ordinary GBP 1.00
Issued Number	2
Principal Shareholder	1 K.L. Hodgson
	1 Mujeebuddin Ansari

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.

Balance Sheet

The following figures are shown in units of 1000

Number of Weeks	52	52	52	52
Accounts Date	31/08/2011	31/08/2010	31/08/2009	31/08/2008
Currency	GBP	GBP	GBP	GBP
TOTAL FIXED ASSETS	4	4	5
Tangible Assets	4	4	5
TOTAL CURRENT ASSETS	608	612	759	847
Trade debtors	92	152	404	526
Stocks	366	254	353	270
Other Current Assets	150	206	2	51
Cash	150	206	2	51
TOTAL ASSETS	612	616	764	847
TOTAL CURRENT LIABILITIES	675	643	731	772
Trade creditors	675	643	731	772
WORKING CAPITAL	(67)	(31)	28	75
TOTAL LONG TERM LIABS	1	1	1
NET ASSETS/(LIABILITIES)	(64)	(28)	32	75
SHARE CAPITAL + RESERVES	(64)	(28)	32	75
Profit and Loss account	(64)	(28)	32	75
SHAREHOLDERS FUNDS	(64)	(28)	32	75
CAPITAL EMPLOYED	(63)	(27)	33	75

Financial Comparison

The following figures are shown in units of 1000

Number of Weeks	52	52	52	52
Accounts Date	31/08/2011	31/08/2010	31/08/2009	31/08/2008
Currency	GBP	GBP	GBP	GBP
Liquid Assets	242	358	406	577
Net Working Capital	(67)	(31)	28	75
Other Deferred Liabs	1	1	1
Tangible Net Worth(T.N.W)	(64)	(28)	32	75
Equity	(64)	(28)	32	75
Number of Years Trading	11	10	9	8

Key Credit Ratios

The following figures are shown as Ratios or Percentages

Accounts Date	31/08/2011	31/08/2010	31/08/2009	31/08/2008
Current Ratio	0.9	1	1	1.1
Quick Ratio	0.4	0.6	0.6	0.7
T.N.W/Total Assets%	(10.5)	(4.5)	4.2	8.9
Equity Gearing%	(9.5)	(4.3)	4.4	9.7

Key Industry Sector Trends

Year	2011	2010	2009	2008
Sample Size	7348	13818	13857	13980
Pre-Tax Profit Margin	12.9	8.3	7.6	7.9
Current Ratio	1.6	1.6	1.6	1.6
Borrowing Ratio	64.1	78.9	68.9	90.6
Return on Capital	48.1	49.9	51.1	55.3
Creditors Days	160	249	236	266

Above figures relate to companies in 2003 Standard Industry Classification (Nace) sector : Wholesale on a fee or contract basis

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 shownon the Balance Sheet is GBP 36,000 decrease. This suggests that the Company may have made a post-tax loss of GBP 36,000.

Working Capital

The company's working capital deficiency increased in the period and now totals GBP 67,000.

Net Worth

The company's negative net worth increased during the year by GBP 36,000 and is now deficient by GBP 64,000.

Long Term Liabilities

Long term liabilities are 2 % of capital employed, an increase of 2 % over the previous period.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.50.59
UK Pound	1	Rs.80.34
Euro	1	Rs.67.14

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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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.