MIRA INFORM REPORT

Report Date :

13.04.2013

IDENTIFICATION DETAILS

Name :	SAMUEL LEWIS LIMITED
Formerly Known As :	SAMUEL LEWIS AND COMPANY LIMITED
Registered Office :	P O Box 65 Powke Lane, Cradley Heath , Warley, B64 5pp
Country :	United Kingdom
Financials (as on) :	31.07.2011
Date of Incorporation :	13.12.1937
Com. Reg. No.:	00334669
Legal Form :	Private limited with Share Capital
Line of Business :	Manufacturer and factoring of agricultural and general engineering products
No. of Employees :	Not available

RATING & COMMENTS

MIRA’s Rating :

Ba

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

Status :	Good
Payment Behaviour :	Regular
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 – June 30^th, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
United Kingdom	A1	A1

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

United Kingdom - ECONOMIC OVERVIEW

The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Over the past two decades, the government has greatly reduced public ownership and contained the growth of social welfare programs. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining and the UK became a net importer of energy in 2005. Services, particularly banking, insurance, and business services, account by far for the largest proportion of GDP while industry continues to decline in importance. After emerging from recession in 1992, Britain's economy enjoyed the longest period of expansion on record during which time growth outpaced most of Western Europe. In 2008, however, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Sharply declining home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets; these include nationalizing parts of the banking system, temporarily cutting taxes, suspending public sector borrowing rules, and moving forward public spending on capital projects. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated a five-year austerity program, which aims to lower London's budget deficit from over 10% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 because of slower-than-expected economic growth and the impact of the euro-zone debt crisis. The CAMERON government raised the value added tax from 17.5% to 20% in 2011. It has pledged to reduce the corporation tax rate to 23% by 2015. The Bank of England (BoE) implemented an asset purchase program of up to £325 billion (approximately $525 billion) as of February 2011. During times of economic crisis, the BoE coordinates interest rate moves with the European Central Bank, but Britain remains outside the European Economic and Monetary Union (EMU).

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

Company Name	SAMUEL LEWIS LIMITED	Company Number	00334669
Registered Address	P O BOX 65 POWKE LANE	Trading Address	PO Box 65 Unisant Trading Estate Powke Lane Cradley Heath, West Midlands B64 5PP
	CRADLEY HEATH
	WARLEY
	B64 5PP
Website Address	http://www.joyskips.co.uk
Telephone Number	01215612157	Fax Number
TPS	Yes	FPS	No
Incorporation Date	13/12/1937	Company Status	Active - Accounts Filed
Previous Name	SAMUEL LEWIS AND COMPANY LIMITED	Type	Private limited with Share Capital
Date of Change	04/02/1987	Filing Date of Accounts	30/04/2012
		Share Capital	£11,638
SIC03	2956	Currency	GBP
SIC03 Description	MANUFACTURE OF OTHER SPECIAL PURPOSE MACHINERY
SIC07	33120
SIC07 Description	REPAIR OF MACHINERY
Principal Activity	Manufacture and factoring of agricultural and general engineering products.

DIRECTORS/MANAGEMENT

Directors

Total Current Directors	3
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	2

Current Directors

Name	Douglas James Cooling	Date of Birth	07/08/1944
Officers Title	Mr	Nationality	British
Present Appointments	7	Function	Director
Appointment Date	19/02/1993
Address	Bagginswood Cottage Bagginswood, Stottesdon, Kidderminster, Worcestershire, DY14 8NA
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Stephen Edwin Henry Young	Date of Birth	25/10/1954
Officers Title	Mr	Nationality	British
Present Appointments	11	Function	Director
Appointment Date	19/02/1993
Address	48 Lark Hill, Worcester, Worcestershire, WR5 2EQ
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Vicky Lorraine Hingley	Date of Birth	04/06/1963
Officers Title	Ms	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	19/02/1993
Address	Tuckhill Cottage, Tuckhill, Six Ashes, Bridgnorth, Salop, WV15 6EW
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Current Company Secretary

Name	Douglas James Cooling	Date of Birth	-
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Company Secretary
Appointment Date	31/03/2011
Address	Bagginswood Cottage Bagginswood, Stottesdon, Kidderminster, Worcestershire, DY14 8NA

Directors

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Anthony Edward Bowater	0	3
David Woollands	0	2

NEGATIVE INFORMATION

CCJ

Total Number of Exact CCJs -	0	Total Value of Exact CCJs -
Total Number of Possible CCJs -	0	Total Value of Possible CCJs -
Total Number of Satisfied CCJs -	0	Total Value of Satisfied CCJs -
Total Number of Writs -	-

Exact CCJ Details

There are no exact CCJ details

Possible CCJ Details

There are no possible CCJ details

Writ Details

There are no writ details

Mortgage Summary

Outstanding	0
Satisfied	2

Full CCJ Details

Exact CCJ Details

No CCJs found

Possible CCJs Details

There are no possible CCJ details

Writ Details

No writs found

Mortgage Details

Mortgage Type:	SINGLE DEBENTURE
Date Charge Created:	23/05/85
Date Charge Registered:	28/05/85
Date Charge Satisfied:	26/07/93
Status:	SATISFIED
Person(s) Entitled:	LLOYDS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY

Mortgage Type:	DEBENTURE
Date Charge Created:	17/02/83
Date Charge Registered:	19/02/83
Date Charge Satisfied:	06/02/99
Status:	SATISFIED
Person(s) Entitled:	LLOYDS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	FIXED & FLOATING CHARGE ON THE UNDERTAKING AND ALL PROEPRTY AND ASSETS PRESENT AND FUTURE INCLUDINGGOODWILL & BOOK DEBTS UNCALLED CAPITAL TOGETHER WITH FIXED AND MOVEABLE PLANTMACHINERY FIXTURES IMPLEMENTS AND UTENSILS

SHARE & SHARE CAPITAL INFORMATION

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
UNISANT (HOLDINGS) LTD	GBP	5,853	ORDINARY	1	50.29
UNISANT (HOLDINGS) LTD	GBP	5,785	CUMULATIVE PREFERENCE	1	49.71

PAYMENT INFORMATION

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder Funds	Employees
31/07/2011	-	-	£1,324,076	-
31/07/2010	-	-	£1,788,342	-
31/07/2009	-	-	£1,981,171	-

Payment Information Summary

Days Beyond Terms

Trend Indicator

                         Average Payment Experience  

3	10
Company DBT	UK Average DBT

Steady

Improving Worsening

Be the first to leave a payment experience
for this company

Within Terms 91+ Days

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade Debtors / Bad Debt -	3
Total Value of Documented Trade Debtors / Bad Debt -	£3,623

Creditor Details

No Creditor Data

Total Value

-

Trade Debtors / Bad Debt Detail

Company Name	Amount	Statement Date
D Morgan & Son (Farm Supplies) Limited	£2,427	24/09/2010
Lindley Pate Limited	£753	06/11/2009
Edward Oliver Joinery Limited	£443	12/05/2010

Total Value

£3,623

GROUP STRUCTURE & AFFILIATED COMPANIES

Statistics

Group	6 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	UNISANT (HOLDINGS) LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	UNISANT (HOLDINGS) LIMITED

Group structure

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
UNISANT (HOLDINGS) LIMITED	05155194	31.07.2011	Y	£2,903,027
UNISANT MIDLANDS LIMITED	01066340	31.07.2011	N
UNISANT LIMITED	00972979	31.07.2011	N
BD PROFILES LIMITED	02120435	31.07.2011	N
SAMUEL LEWIS LIMITED	00334669	31.07.2011	N
HARDWARE EXPRESS LIMITED	00972386	31.07.2011	N

Statistics

Group	6 companies
Linkages	0 companies
Countries	In 0 countries

FINANCIAL INFORMATION

Profit & Loss

	Date Of Accounts	31/07/11	(%)	31/07/10	(%)	31/07/09	(%)	31/07/08	(%)	31/07/07
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
	Turnover	-	-	-	-	-	-	-	-	-
	Export	-	-	-	-	-	-	-	-	-
	Cost of Sales	-	-	-	-	-	-	-	-	-
	Gross Profit	-	-	-	-	-	-	-	-	-
	Wages & Salaries	-	-	-	-	-	-	-	-	-
	Directors Emoluments	-	-	-	-	-	-	-	-	-
	Operating Profit	-	-	-	-	-	-	-	-	-
	Depreciation	£4,407	-14.9%	£5,180	-15%	£6,094	-19.5%	£7,571	2.9%	£7,361
	Audit Fees	-	-	-	-	-	-	-	-	-
	Interest Payments	-	-	-	-	-	-	-	-	-
	Pre Tax Profit	-	-	-	-	-	-	-	-	-
	Taxation	-	-	-	-	-	-	-	-	-
	Profit After Tax	-	-	-	-	-	-	-	-	-
	Dividends Payable	-	-	-	-	-	-	-	-	-
	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	31/07/11	(%)	31/07/10	(%)	31/07/09	(%)	31/07/08	(%)	31/07/07
	Tangible Assets	£25,047	-15%	£29,454	-15%	£34,634	-15%	£40,728	2.6%	£39,689
	Intangible Assets	0	-	0	-	0	-	0	-	0
	Total Fixed Assets	£25,047	-15%	£29,454	-15%	£34,634	-15%	£40,728	2.6%	£39,689
	Stock	£867,808	-10.6%	£970,400	-2.9%	£999,389	-11.4%	£1,127,969	-10.5%	£1,260,788
	Trade Debtors	£644,983	-20.8%	£814,367	-22%	£1,044,388	9.6%	£952,755	11.9%	£851,476
	Cash	£67,192	-3.5%	£69,630	-38.5%	£113,249	-14.4%	£132,226	-50.2%	£265,497
	Other Debtors	0	-	0	-	0	-	0	-	0
	Miscellaneous Current Assets	£608,648	4.2%	£583,968	33.8%	£436,320	-17.1%	£526,320	-	£526,320
	Total Current Assets	£2,188,631	-10.2%	£2,438,365	-6%	£2,593,346	-5.3%	£2,739,270	-5.7%	£2,904,081
	Trade Creditors	£889,602	30.9%	£679,477	5.1%	£646,809	-0.3%	£648,955	11.2%	£583,631
	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
	Other Short Term Finance	0	-	0	-	0	-	0	-	0
	Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	0
	Total Current Liabilities	£889,602	30.9%	£679,477	5.1%	£646,809	-0.3%	£648,955	11.2%	£583,631
	Bank Loans & Overdrafts and LTL	0	-	0	-	0	-	0	-	0
	Other Long Term Finance	0	-	0	-	0	-	0	-	0
	Total Long Term Liabilities	0	-	0	-	0	-	0	-	0

Capital & Reserves

	Date Of Accounts	31/07/11	(%)	31/07/10	(%)	31/07/09	(%)	31/07/08	(%)	31/07/07
	Called Up Share Capital	£11,638	-	£11,638	-	£11,638	-	£11,638	-	£11,638
	P & L Account Reserve	£1,312,438	-26.1%	£1,776,704	-9.8%	£1,969,533	-7.1%	£2,119,405	-9.8%	£2,348,501
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	-	-	-	-	-	-	-	-	-
	Shareholder Funds	£1,324,076	-26%	£1,788,342	-9.7%	£1,981,171	-7%	£2,131,043	-9.7%	£2,360,139

Other Financial Items

	Date Of Accounts	31/07/11	(%)	31/07/10	(%)	31/07/09	(%)	31/07/08	(%)	31/07/07
	Net Worth	£1,324,076	-26%	£1,788,342	-9.7%	£1,981,171	-7%	£2,131,043	-9.7%	£2,360,139
	Working Capital	£1,299,029	-26.1%	£1,758,888	-9.6%	£1,946,537	-6.9%	£2,090,315	-9.9%	£2,320,450
	Total Assets	£2,213,678	-10.3%	£2,467,819	-6.1%	£2,627,980	-5.5%	£2,779,998	-5.6%	£2,943,770
	Total Liabilities	£889,602	30.9%	£679,477	5.1%	£646,809	-0.3%	£648,955	11.2%	£583,631
	Net Assets	£1,324,076	-26%	£1,788,342	-9.7%	£1,981,171	-7%	£2,131,043	-9.7%	£2,360,139

Miscellaneous

	Date Of Accounts	31/07/11	(%)	31/07/10	(%)	31/07/09	(%)	31/07/08	(%)	31/07/07
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
	Capital Employed	£1,324,076	-26%	£1,788,342	-9.7%	£1,981,171	-7%	£2,131,043	-9.7%	£2,360,139
	Number of Employees	-	-	-	-	-	-	-	-	-
	Auditors	RSM TENON AUDIT LIMITED
	Auditor Comments	The audit report contains no adverse comments
	Bankers	LLOYDS TSB BANK PLC
	Bank Branch Code

Ratios

	Date Of Accounts	31/07/11	31/07/10	31/07/09	31/07/08	31/07/07
	Pre-tax profit margin %	-	-	-	-	-
	Current ratio	2.46	3.59	4.01	4.22	4.98
	Sales/Net Working Capital	-	-	-	-	-
	Gearing %	0	0	0	0	0
	Equity in %	59.80	72.50	75.40	76.70	80.20
	Creditor Days	-	-	-	-	-
	Debtor Days	-	-	-	-	-
	Liquidity/Acid Test	1.48	2.16	2.46	2.48	2.82
	Return On Capital Employed %	-	-	-	-	-
	Return On Total Assets Employed %	-	-	-	-	-
	Current Debt Ratio	0.67	0.37	0.32	0.30	0.24
	Total Debt Ratio	0.67	0.37	0.32	0.30	0.24
	Stock Turnover Ratio %	-	-	-	-	-
	Return on Net Assets Employed %	-	-	-	-	-

ADDITIONAL INFORMATION

Commentary

No exact match CCJs are recorded against the company.
The company's credit rating has increased from not rated to 95 which indicates very good creditworthiness.
There has been no significant change in the company's credit limit.
There is insufficient data to indicate a change in this companies percentage of sales.
Net Worth decreased by 26% during the latest trading period.
A 10.3% decline in Total Assets occurred during the latest trading period.
There is insufficient data to indicate a change in this companies pre-tax profit.
The company saw a decrease in their Cash Balance of 3.5% during the latest trading period.
The audit report contains no adverse comments.
No recent changes in directorship are recorded.
The company is part of a group.
The movement in accumulated earnings would indicate that the company incurred a loss after tax and other appropriations, including dividends.
The company has changed its registered address recently.
The company was established over 75 years ago.

Event History

Status History

No Status History found

Event History

Date	Description
11/03/2013	Annual Returns
09/05/2012	New Accounts Filed
19/04/2012	Change in Reg.Office
19/04/2012	Change of Company Postcode
28/02/2012	Annual Returns
27/02/2012	Change in Reg.Office
27/02/2012	Change of Company Postcode
27/02/2012	Mr D. Woollands has left the board
21/05/2011	New Company Secretary Mr D.J. Cooling appointed
18/05/2011	Mr A.E. Bowater has resigned as company secretary
11/05/2011	New Accounts Filed
23/03/2011	Annual Returns
12/05/2010	New Accounts Filed
03/05/2010	Annual Returns
07/06/2009	New Accounts Filed

Previous Company Names

Date	Previous Name
04/02/1987	SAMUEL LEWIS AND COMPANY LIMITED

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.44
UK Pound	1	Rs.83.78
Euro	1	Rs.71.33

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.