Company name & address

synthesis

Business Description

Key Executives

Financial Summary

Corporate Overview

Executive report

Directors and Shareholders Report

Annual Profit & Loss

MIRA INFORM REPORT

Report Date :

07.05.2012

IDENTIFICATION DETAILS

Name :	KM PRODUCTS EUROPE LTD.

Registered Office :	Argyll House 23 Brook Street, Kingston Upon Thames, KT1 2BN

Country :	United Kingdom

Financials (as on) :	31.12.2010

Date of Incorporation :	27.11.1992

Com. Reg. No.:	02768670

Legal Form :	Private Subsidiary Company

Line of Business :	manufactures and distributes replacement parts for earthmoving equipment

No. of Employees :	38

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

Km Products Europe Ltd.

Unit B

The Forum

Hanworth Lane

Chertsey, KT16 9JX

United Kingdom

Tel: 01932571991

Fax: 01932571994

Web: www.kmpuk.com

Employees: 38

Company Type: Private Subsidiary

Corporate Family: 3 Companies

Ultimate Parent: International Holdings & Investments Sa

Quoted Status: Non-quoted Company

Incorporation Date: 27-Nov-1992

Auditor: Haines Watts

Financials in: USD (Millions)

Fiscal Year End: 31-Dec-2010

Reporting Currency: British Pound Sterling

Annual Sales: 13.5 1

Net Income: 0.5

Total Assets: 10.3

KM Products Europe Ltd. manufactures and distributes replacement parts for earthmoving equipment in the United Kingdom. The company manufactures hydraulic cartridges used in various engine applications. It also supplies primary fuel, transmission and oil (Updated by OneSource Information Services)

Industry

Industry Miscellaneous Capital Goods

ANZSIC 2006: 3739 - Other Goods Wholesaling Not Elsewhere Classified

NACE 2002: 5114 - Agents involved in the sale of machinery, industrial equipment, ships and aircraft

NAICS 2002: 425120 - Wholesale Trade Agents and Brokers

UK SIC 2003: 5114 - Agents involved in the sale of machinery, industrial equipment, ships and aircraft

US SIC 1987: 5099 - Durable Goods, Not Elsewhere Classified

Name	Title
Nigel Lewis Smith	Secretary
Alan Gerrard	Warehouse Manager
Bhaskar Basu	Accountant
Joseph Eisenberg	Director
Michael Lea	Director

FYE: 31-Dec-2010 USD (mil)

Key Figures

Current Assets 8.81

Fixed Assets 1.52

Total Liabilities 6.86

Net Worth 3.44

Key Ratios

Current Ratio 1.28

Acid Test 0.43

Registered No.(UK): 02768670

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6475734

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6387123

Location

Unit B

The Forum

Hanworth Lane

Chertsey, KT16 9JX

Surrey County

United Kingdom

Tel: 01932571991

Fax: 01932571994

Web: www.kmpuk.com

Sales GBP(mil): 8.7

Assets GBP(mil): 6.6

Employees: 38

Fiscal Year End: 31-Dec-2010

Industry: Miscellaneous Capital Goods

Registered Address:

Argyll House 23 Brook Street

Kingston Upon Thames, KT1 2BN

United Kingdom

Incorporation Date: 27-Nov-1992

Company Type: Private Subsidiary

Quoted Status: Not Quoted

Registered No.(UK): 02768670

Director: Joseph Eisenberg

Contents

Industry Codes

Business Description

Financial Data

Key Corporate Relationships

Industry Codes

ANZSIC 2006 Codes:

3739 - Other Goods Wholesaling Not Elsewhere Classified

NACE 2002 Codes:

5114 - Agents involved in the sale of machinery, industrial equipment, ships and aircraft

NAICS 2002 Codes:

425120 - Wholesale Trade Agents and Brokers

US SIC 1987:

5099 - Durable Goods, Not Elsewhere Classified

UK SIC 2003:

5114 - Agents involved in the sale of machinery, industrial equipment, ships and aircraft

Business Description

Financial Data

Financials in:	GBP(mil)

Revenue:	8.7
Net Income:	0.3
Assets:	6.6
Current Assets:	5.6
Fixed Assets:	1.0
Long Term Debt:	0.0
Total Liabilities:	4.4
Issued Capital:	0.9
Working Capital:	1.2
Net Worth:	2.2

Date of Financial Data:	31-Dec-2010

1 Year Growth

9.2%

5.5%

Key Corporate Relationships

Auditor:	Haines Watts

Auditor:	Haines Watts

	GBP(mil)
Audit Fees:	0.0
Audit Fiscal Year:	12-31-2010

Corporate Family	Corporate Structure News:
	Km Products Europe Ltd.
Km Products Europe Ltd. Total Corporate Family Members: 3

Company Name	Company Type	Location	Country	Industry	Sales (USD mil)	Employees
International Holdings & Investments Sa	Parent
Kmp Holdings Ltd.	Subsidiary	Kingston Upon Thames	United Kingdom	Commercial Banks	16.9	51
Km Products Europe Ltd.	Subsidiary	Chertsey	United Kingdom	Miscellaneous Capital Goods	13.5	38

Board of Directors

Name

Title

Function

Joseph Eisenberg

Director

Director/Board Member

Michael Lea

Director

Director/Board Member

Virendra Mundra

Director

Director/Board Member

David Scrivener

Director

Director/Board Member

Executives

Name

Title

Function

Nigel Lewis Smith

Secretary

Company Secretary

Bhaskar Basu

Accountant

Accounting Executive

Alan Gerrard

Warehouse Manager

Logistics Executive

Main Office Address:
Unit B
The Forum
Chertsey
United Kingdom KT16 9JX

Tel: 01932571991
Fax: 01932571994
URL:http://www.kmpuk.com

Annual Return Date: 27 Nov 2011
Total Issued Capital (GBP 000): 858

Individual Directors

Name	Status	DOB	Filed Address	Appointment Date	Resignation Date	Summary of Directorships
Joseph Eisenberg	Current	23 Jun 1939	14 Gillespie House, Holloway Drive, Virginia Water, Surrey GU25 4SU	27 Nov 1992	NA	Current:3 Previous:0 Disqualifications:0
Michael Lea	Current	28 Jul 1956	53 High View Road, Guildford, Surrey GU2 7RT	01 Sep 2003	NA	Current:1 Previous:0 Disqualifications:0
David Scrivener	Current	11 May 1973	25 Strathcona Gardens, Knaphill, Woking, Surrey GU21 2AY	01 Jan 2007	NA	Current:1 Previous:0 Disqualifications:0
Virendra Mundra	Current	10 Jun 1953	15 Louis Fields, Fairlands, Guildford, Surrey GU3 3JG	01 Jan 2007	NA	Current:1 Previous:0 Disqualifications:0
Nigel Lewis Smith	Current	22 Apr 1949	54 Durleston Park Drive, Leatherhead, Surrey KT23 4AJ	01 Nov 1993	NA	Current:2 Previous:0 Disqualifications:0
Dennis Lax	Previous	27 Jul 1954	104 Beresford Avenue, Surbiton, Surrey KT5 9LW	01 Oct 1998	30 Sep 2003	Current:2 Previous:2 Disqualifications:0
Chin Lin Chen	Previous	NA	58 Cashew Road 01-01, Singapore 2367	30 Jan 1993	15 Aug 1995	Current:0 Previous:1 Disqualifications:0
Fritz Oppenheimer	Previous	31 Mar 1932	Wiesliacher 35, 8053 Zurich	01 Nov 1995	29 Dec 2008	Current:1 Previous:1 Disqualifications:0
Thim Leong Toh	Previous	NA	No 39 Jalan Tasek, Taman Tasek 80200, Johor Baru, Malaysia	11 Sep 1997	10 Dec 2008	Current:0 Previous:1 Disqualifications:0
Tony David Lax	Previous	05 Apr 1951	Unit E Gateway 3 Davis Road, Chessington, Surrey KT9 1TQ	NA	30 Aug 2002	Current:1 Previous:1 Disqualifications:0
Andrea Bonomi	Previous	29 Jan 1947	Via Iv Novembre 7, Azzano, Mella, Brescia 25020	18 Dec 1992	17 Feb 1995	Current:0 Previous:1 Disqualifications:0

Corporate Directors

There are no corporate directors for this company.

Individual Secretaries

Name	Status	DOB	Filed Address	Appointment Date	Resignation Date	Summary of Directorships
Nigel Lewis Smith	Current	22 Apr 1949	54 Durleston Park Drive, Leatherhead, Surrey KT23 4AJ	30 Sep 2003	NA	Current:2 Previous:0 Disqualifications:0
Farida Farooqi	Previous	25 Aug 1964	9 Hillside, Woking, Surrey GU22 0NF	01 Sep 1995	21 Apr 1999	Current:4 Previous:3 Disqualifications:0
Dennis Lax	Previous	27 Jul 1954	104 Beresford Avenue, Surbiton, Surrey KT5 9LW	08 Jul 1999	30 Sep 2003	Current:2 Previous:2 Disqualifications:0
Mahendra Rathor	Previous	24 May 1959	8 Benham Gardens, Hounslow, Middlesex TW4 5JZ	21 Apr 1999	24 May 1999	Current:0 Previous:2 Disqualifications:0
Ettore Raffaelli	Previous	NA	73 Howards Lane, Putney, London SW15 6NY	27 Nov 1992	01 Sep 1995	Current:0 Previous:1 Disqualifications:0

Corporate Secretaries

There are no corporate secretaries for this company.

Corporate Shareholders

Company Name	Registration Number	Share Details (As Reported)	Share Type	# of Shares	Share Price (GBP)	Share Value (GBP)	% of Total Shares
KMP Holdings Limited	05532942	857500 A Ordinary GBP 1.00	A Ordinary	857,500	1.00	857,500.00	100.00

Individual Shareholders

There are no individual shareholders for this company.

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	52 Weeks	52 Weeks	52 Weeks	52 Weeks	52 Weeks
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate (Period Average)	0.647573	0.641508	0.545576	0.499878	0.543438
Consolidated	No	No	No	No	No

Turnover (UK)	0.5	0.5	-	0.9	-
Turnover (Exports)	13.0	12.0	-	14.4	-
Total Turnover	13.5	12.5	-	15.3	12.3
Cost of Sales	9.2	8.4	-	10.2	8.4
Gross Profit	4.3	4.1	5.4	5.1	4.0
Depreciation	0.1	0.1	0.1	0.1	0.1
Other Expenses	3.5	3.3	4.3	4.2	3.4
Operating Profit	-	0.8	-	-	-
Other Income	0.0	0.0	0.0	0.0	0.0
Interest Paid	0.1	0.1	0.2	0.4	0.3
Exceptional Income	0.0	0.0	0.0	0.0	0.0
Discontinued Operations	0.0	0.0	0.0	0.0	-
Profit Before Taxes	0.7	0.7	0.8	0.6	0.3
Tax Payable / Credit	0.2	0.2	0.3	0.2	0.1
Extraordinary Items/Debits	0.0	0.0	0.0	0.0	0.0
Dividends	0.0	0.0	0.0	0.0	0.0
Profit After Taxes	0.5	0.5	0.5	0.4	0.2
Minority Interests (Profit & Loss)	0.0	0.0	0.0	0.0	0.0
Audit Fees	0.0	0.0	0.0	0.0	0.0
Number of Employees	38	38	42	38	32
Wages	2.0	1.8	2.2	2.2	1.9
Social Security Costs	0.2	0.2	0.2	0.2	0.2
Pensions	-	-	-	0.0	0.0
Other Pension Costs	0.0	0.0	0.0	0.0	0.0
Employees Remuneration	2.2	2.0	2.4	2.4	2.1
Directors Emoluments	-	-	-	0.7	0.5
Other Costs	-	-	-	0.0	0.0
Directors Remuneration	0.6	0.6	0.7	0.7	0.5
Highest Paid Director	0.2	0.2	0.2	0.2	0.2

Annual Balance Sheet

Financials in: USD (mil)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate	0.638712	0.619253	0.695531	0.502361	0.510947
Consolidated	No	No	No	No	No

Land & Buildings	0.0	0.0	0.0	0.0	0.0
Fixtures & Fittings	0.0	0.0	0.0	0.0	0.0
Plant & Vehicles	0.2	0.2	0.3	0.4	0.3
Total Tangible Fixed Assets	0.2	0.2	0.3	0.4	0.3
Intangible Assets	0.0	1.3	0.0	0.0	0.0
Investments	1.3	0.0	1.2	1.8	1.4
Total Fixed Assets	1.5	1.6	1.5	2.3	1.7
Stocks	5.9	5.1	4.4	5.4	4.3
Work in Progress	0.0	0.0	0.0	0.0	0.0
Total Stocks Work In Progress	5.9	5.1	4.4	5.4	4.3
Trade Debtors	2.2	1.7	2.3	3.1	2.7
Inter-Company Debtors	0.1	0.0	0.2	0.3	0.4
Other Debtors	0.4	0.2	0.2	0.3	0.1
Total Debtors	2.7	1.9	2.7	3.7	3.2
Cash and Equivalents	0.2	0.4	0.4	0.0	0.8
Other Current Assets	0.0	0.0	0.0	0.0	0.0
Total Current Assets	8.8	7.3	7.4	9.1	8.3
Total Assets	10.3	8.9	8.9	11.4	10.0
Trade Creditors	2.7	1.4	1.9	3.0	2.5
Bank Overdraft	2.4	3.0	3.5	3.5	4.5
Inter-Company Creditors	0.3	0.6	0.5	0.4	0.5
Director Loans (Current Liability)	0.0	-	-	-	0.0
Hire Purchase (Current Liability)	0.0	0.0	0.0	0.0	0.0
Finance Lease (Current Liability)	0.0	0.0	0.0	0.0	0.0
Total Finance Lease/Hire Purchase (Current Liability)	0.0	0.0	0.0	0.0	0.0
Total Short Term Loans	0.9	-	-	1.3	0.0
Accruals/Deferred Income (Current Liability)	0.3	0.5	0.3	0.3	0.2
Social Security/VAT	0.1	0.2	0.1	0.1	0.1
Corporation Tax	0.2	0.1	0.2	0.2	0.1
Dividends (Current Liability)	0.0	-	-	-	0.0
Other Current Liabilities	0.0	0.0	0.0	0.0	0.0
Total Current Liabilities	6.9	5.9	6.5	8.7	7.8
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	0.1	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	1.3	1.4	1.2	1.7	1.7
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	2.1	1.6	1.0	0.9	0.5
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	3.4	3.0	2.3	2.6	2.1
Net Worth	3.4	1.7	2.3	2.6	2.1

Annual Cash Flows

Financials in: USD (mil)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	52 Weeks	52 Weeks	52 Weeks	52 Weeks	52 Weeks
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate (Period Average)	0.647573	0.641508	0.545576	0.499878	0.543438
Consolidated	No	No	No	No	No

Net Cash Flow From Operating Activities	-	-	0.8	0.2	0.8
Net Cash Flow from ROI and Servicing of Finance	-	-	-0.2	-0.4	-0.3
Taxation	-	-	-0.2	-0.1	-0.1
Capital Expenditures	-	-	0.0	-0.3	-0.1
Acquisitions and Disposals	-	-	0.0	-0.4	0.0
Paid Up Equity	-	-	0.0	0.0	0.0
Management of Liquid Resources	-	-	0.0	0.0	0.0
Net Cash Flow From Financing	-	-	0.0	0.9	-0.4
Increase in Cash	-	-	0.3	-0.2	-0.1

Annual Ratios

Financials in: USD (mil)

	31-Dec-2010	31-Dec-2009	31-Dec-2008	31-Dec-2007	31-Dec-2006
Period Length	52 Weeks	52 Weeks	52 Weeks	52 Weeks	52 Weeks
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate	0.638712	0.619253	0.695531	0.502361	0.510947
Consolidated	No	No	No	No	No

Current Ratio	1.28	1.25	1.14	1.04	1.06
Liquidity Ratio	0.43	0.38	0.46	0.43	0.51
Stock Turnover	2.34	2.55	-	2.84	3.03
Credit Period (Days)	58.72	46.98	-	73.90	76.43
Working Capital by Sales	14.22%	11.42%	-	2.49%	3.53%
Trade Credit by Debtors	1.21	0.86	0.86	0.97	0.90
Return on Capital	21.70%	22.80%	26.30%	23.67%	16.99%
Return on Assets	7.27%	7.82%	6.93%	5.56%	3.69%
Profit Margin	5.49%	5.39%	-	4.16%	2.82%
Return on Shareholders Funds	21.84%	22.99%	27.18%	24.37%	17.35%
Borrowing Ratio	103.79%	213.28%	177.09%	199.42%	234.39%
Equity Gearing	33.31%	34.01%	25.48%	22.83%	21.24%
Debt Gearing	-	0.25%	2.34%	1.36%	-
Interest Coverage	13.97	5.65	3.35	1.77	1.17
Sales by Tangible Assets	64.07	55.03	-	34.31	40.08
Average Remuneration per Employee	0.1	0.1	0.0	0.1	0.1
Profit per Employee	0.0	0.0	0.0	0.0	0.0
Sales per Employee	0.4	0.3	-	0.4	0.4
Capital Employed per Employee	0.1	0.1	0.1	0.1	0.1
Tangible Assets per Employee	0.0	0.0	0.0	0.0	0.0
Total Assets per Employee	0.3	0.2	0.2	0.3	0.3
Employee Remuneration by Sales	16.02%	15.93%	-	15.55%	16.83%
Creditor Days (Cost of Sales Based)	104.01	59.94	-	107.93	101.20
Creditor Days (Sales Based)	70.81	40.36	-	71.87	68.73

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.72
UK Pound	1	Rs.86.98
Euro	1	Rs.70.65

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.