MIRA INFORM REPORT

Report Date :

24.04.2013

IDENTIFICATION DETAILS

Name :	RADIAL EUROPE LIMITED
Registered Office :	3rd Floor Vyman House, 104 College Road, Harrow, Ha1 1bq
Country :	United Kingdom
Financials (as on) :	30.09.2012
Date of Incorporation :	20.04.2011
Com. Reg. No.:	07610695
Legal Form :	Private limited with Share Capital
Line of Business :	Wholesaler of waste & scrap
No. of Employees :	Not available

RATING & COMMENTS

MIRA’s Rating :

Ca

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

Status :	Moderate
Payment Behaviour :	Slow and delayed
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 second largest economy in Europe after Germany. 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 aimed 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 21% by 2014. The Bank of England (BoE) implemented an asset purchase program of up to £375 billion (approximately $605 billion) as of December 2012. 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). In 2012, weak consumer spending and subdued business investment weighed on the economy. GDP fell 0.1%, and the budget deficit remained stubbornly high at 7.7% of GDP. Public debt continued to increase.

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

Summary – Company Information

Company Name RADIAL EUROPE LIMITED Company Number 07610695

Registered Address 3RD FLOOR VYMAN HOUSE Trading Address 58-60 Minerva Road-104 COLLEGE ROAD, Park Royal

HARROW London

HA1 1BQ London

NW10 6HJ

Website Address http://www.radiallimited.com

Telephone Number - Fax Number

TPS - FPS No

Incorporation Date 20/04/2011 Company Status Active - Accounts Filed

Previous Name Type Private limited with Share Capital

Date of Change - Filing Date of Accounts 11/02/2013

Share Capital £1

SIC03 5157 Currency GBP

SIC03 Description WHOLESALE OF WASTE & SCRAP

SIC07 46770

SIC07 Description WHOLESALE OF WASTE AND SCRAP

Principal Activity

DIRECTORS/MANAGEMENT

Directors

Total Current Directors	1
Total Current Secretaries	0
Total Previous Directors / Company Secretaries	0

Current Directors

Name	Aziz Noorali	Date of Birth	29/06/1948
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	20/04/2011
Address	Flat 20 Ashley Court, 29 Loates Lane, Watford, WD17 2PJ
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Current Company Secretary

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	1
Satisfied	0

SHARE & SHARE CAPITAL INFORMATION

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
AZIZ NOORALI	GBP	1	ORDINARY	1	100

PAYMENT INFORMATION

Summary – Payment History

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder Funds	Employees
30/09/2012	-	-	-£8,555	-

Payment Information Summary

Days Beyond Terms

Trend Indicator

                         Average Payment Experience  

N/A	11
Company DBT	UK Average DBT

Steady

Improving Worsening

Be the first to leave a payment experience
for this company

Within Terms 91+ Days

GROUP STRUCTURE & AFFILIATED COMPANIES

Group Structure

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group structure

No group structure

FINANCIAL INFORMATION

Financials

Profit & Loss

Date Of Accounts	30/09/12	(%)	-	(%)	-	(%)	-	(%)	-
Weeks	52	(%)	-	(%)	-	(%)	-	(%)	-
Currency	GBP	(%)	-	(%)	-	(%)	-	(%)	-
Consolidated A/cs	N	(%)	-	(%)	-	(%)	-	(%)	-
Turnover	-	-	-	-	-	-	-	-	-
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-
Wages & Salaries	-	-	-	-	-	-	-	-	-
Directors Emoluments	-	-	-	-	-	-	-	-	-
Operating Profit	-	-	-	-	-	-	-	-	-
Depreciation	-	-	-	-	-	-	-	-	-
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	-	-	-
Taxation	-	-	-	-	-	-	-	-	-
Profit After Tax	-	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

Date Of Accounts	30/09/12	(%)	-	(%)	-	(%)	-	(%)	-
Tangible Assets	0	-	-	-	-	-	-	-	-
Intangible Assets	0	-	-	-	-	-	-	-	-
Total Fixed Assets	0	-	-	-	-	-	-	-	-
Stock	£20,976	-	-	-	-	-	-	-	-
Trade Debtors	£172,858	-	-	-	-	-	-	-	-
Cash	£8,445	-	-	-	-	-	-	-	-
Other Debtors	0	-	-	-	-	-	-	-	-
Miscellaneous Current Assets	0	-	-	-	-	-	-	-	-
Total Current Assets	£202,279	-	-	-	-	-	-	-	-
Trade Creditors	£210,834	-	-	-	-	-	-	-	-
Bank Loans & Overdrafts	0	-	-	-	-	-	-	-	-
Other Short Term Finance	0	-	-	-	-	-	-	-	-
Miscellaneous Current Liabilities	0	-	-	-	-	-	-	-	-
Total Current Liabilities	£210,834	-	-	-	-	-	-	-	-
Bank Loans & Overdrafts and LTL	0	-	-	-	-	-	-	-	-
Other Long Term Finance	0	-	-	-	-	-	-	-	-
Total Long Term Liabilities	0	-	-	-	-	-	-	-	-

Capital & Reserves

Date Of Accounts	30/09/12	(%)	-	(%)	-	(%)	-	(%)	-
Called Up Share Capital	£1	-	-	-	-	-	-	-	-
P & L Account Reserve	-£8,556	-	-	-	-	-	-	-	-
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	-£8,555	-	-	-	-	-	-	-	-

Other Financial Items

Date Of Accounts	30/09/12	(%)	-	(%)	-	(%)	-	(%)	-
Net Worth	-£8,555	-	-	-	-	-	-	-	-
Working Capital	-£8,555	-	-	-	-	-	-	-	-
Total Assets	£202,279	-	-	-	-	-	-	-	-
Total Liabilities	£210,834	-	-	-	-	-	-	-	-
Net Assets	-£8,555	-	-	-	-	-	-	-	-

Cash Flow

Date Of Accounts	30/09/12	(%)	-	(%)	-	(%)	-	(%)	-
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	30/09/12	(%)	-	(%)	-	(%)	-	(%)	-
Contingent Liability	NO	-	-	-	-	-	-	-	-
Capital Employed	-£8,555	-	-	-	-	-	-	-	-
Number of Employees	-	-	-	-	-	-	-	-	-
Auditors
Auditor Comments	The company is exempt from audit
Bankers
Bank Branch Code

Ratios

Date Of Accounts	30/09/12	-	-	-	-
Pre-tax profit margin %	-	-	-	-	-
Current ratio	0.96	-	-	-	-
Sales/Net Working Capital	-	-	-	-	-
Gearing %	0	-	-	-	-
Equity in %	-4.20	-	-	-	-
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	0.85	-	-	-	-
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	-24.64	-	-	-	-
Total Debt Ratio	-24.64	-	-	-	-
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	-	-	-	-	-

ADDITIONAL INFORMATION

Commentary

No exact match CCJs are recorded against the company.
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.
There is insufficient data to indicate a change in this companies pre-tax profit.
The company is exempt from audit.
No recent changes in directorship are recorded.
The company is not part of a group.
The company has changed its registered address recently.
The company was established over 18 months ago.

Event History

Status History

No Status History found

Event History

Date	Description
13/02/2013	New Accounts Filed
23/08/2012	Annual Returns
22/08/2012	Change in Reg.Office
22/08/2012	Change of Company Postcode
22/04/2011	New Board Member Mr A. Noorali appointed

Previous Company Names

No Previous Names found

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.30
UK Pound	1	Rs.82.88
Euro	1	Rs.70.80

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.