MIRA INFORM REPORT

Report Date :

26.03.2013

IDENTIFICATION DETAILS

Name :	FIANIUM LIMITED
Registered Office :	Unit 20 Compass Point, Ensign Way , Hamble Southampton, So31 4ra
Country :	United Kingdom
Financials (as on) :	31.10.2011
Date of Incorporation :	23.01.2003
Com. Reg. No.:	04645475
Legal Form :	Private limited with Share Capital
Line of Business :	Manufacture other electrical equipment.
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 :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	--

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

Company information

Company Name	FIANIUM LIMITED	Company Number	04645475
Registered Address	UNIT 20 COMPASS POINT	Trading Address	20 Compass Point Ensign Way Hamble Southampton, Hampshire SO31 4RA
	ENSIGN WAY
	HAMBLE SOUTHAMPTON
	SO31 4RA
Website Address	http://www.fianium.com
Telephone Number	02380458776	Fax Number
TPS	Yes	FPS	No
Incorporation Date	23/01/2003	Company Status	Active - Accounts Filed
Previous Name		Type	Private limited with Share Capital
Date of Change	-	Filing Date of Accounts	05/07/2012
		Share Capital	£955
SIC03	3340	Currency	GBP
SIC03 Description	MANUFACTURE OF OPTICAL & PHOTOGRAPHIC INSTRUMENTS ETC
SIC07	26701
SIC07 Description	MANUFACTURE OF OPTICAL PRECISION INSTRUMENTS
Principal Activity	Manufacture other electrical equipment.

Commentary

No exact match CCJs are recorded against the company.
There has been no significant change in the company's credit rating.
The credit limit on this company has risen 96.1% in comparison to the previously suggested credit limit.
There is insufficient data to indicate a change in this companies percentage of sales.
Net Worth increased by 109.1% during the latest trading period.
A 52.7% growth 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 87.6% during the latest trading period.
The audit report contains no adverse comments.
The company has undergone recent changes in its directorships.
The company is part of a group.
The positive change in the P&L Account Reserve suggests that the company made a profit after tax and other appropriations.
The company was established over 10 years ago.

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder Funds	Employees
31/10/2011	-	-	£1,101,238	-
31/10/2010	-	-	£585,961	-
31/10/2009	-	-	£423,599	-

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Payment Information Summary

Days Beyond Terms

Trend Indicator

                         Average Payment Experience  

17	10
Company DBT	UK Average DBT

Steady

ImprovingWorsening

Be the first to leave a payment experience
for this company Click Here

Within Terms91+ Days

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

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Mortgage Summary

Outstanding		1
Satisfied		0
	Company Name: FIANIUM LIMITED		Company No: 04645475

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

Current Directors

Name	Anatoly Grudinin	Date of Birth	18/01/1954
Officers Title	Mr	Nationality	British
Present Appointments	3	Function	Director
Appointment Date	23/01/2003
Address	69 Burgess Road, Southampton, Hampshire, SO16 7AL

Name	John Redvers Clowes	Date of Birth	11/05/1973
Officers Title	Mr	Nationality	British
Present Appointments	3	Function	Director
Appointment Date	25/05/2012
Address	Unit 20 Compass Point, Ensign Way, Hamble Southampton, Hampshire, SO31 4RA

Current Company Secretary

Name	Elisabeth Robinson	Date of Birth	-
Officers Title	Ms	Nationality	British
Present Appointments	2	Function	Company Secretary
Appointment Date	15/01/2009
Address	1 The Halyards Satchell Lane, Hamble, Hants, SO31 4HQ

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value
FIANIUM HOLDINGS LTD	GBP	12,300	ORDINARY B	0.05
FIANIUM HOLDINGS LTD	GBP	6,800	ORDINARY A	0.05

Unable to report percentage holdings as filed Shareholder listing is not full.

Profit & Loss

Date Of Accounts	31/10/11	31/10/10	31/10/09	31/10/08	31/10/07
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	£126,791	£117,973	£95,315	£59,927	£28,257
Audit Fees	-	£8,000	£6,000	-	-
Interest Payments	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-
Taxation	-	-	-	-	-
Profit After Tax	-	-	-	-	-
Dividends Payable	-	-	-	-	-
Retained Profit	-	-	-	-	-

Balance Sheet

Date Of Accounts	31/10/11	31/10/10	31/10/09	31/10/08	31/10/07
Tangible Assets	£266,988	£254,336	£242,661	£183,291	£152,939
Intangible Assets	£200,461	£155,074	£120,888	£99,784	£47,103
Total Fixed Assets	£467,449	£409,410	£363,549	£283,075	£200,042
Stock	£833,451	£574,154	£492,671	£298,000	£175,000
Trade Debtors	£1,825,440	£1,048,654	£892,852	£885,830	£253,447
Cash	£2,120	£17,146	£1,918	£80,588	£13,136
Other Debtors	0	0	£4,901	£12,205	£4,089
Miscellaneous Current Assets	0	0	0	0	0
Total Current Assets	£2,661,011	£1,639,954	£1,392,342	£1,276,623	£445,672
Trade Creditors	£1,585,651	£1,258,757	£1,332,292	£1,309,362	£490,879
Bank Loans & Overdrafts	£86,166	£53,134	0	0	0
Other Short Term Finance	0	0	0	0	0
Miscellaneous Current Liabilities	£343,607	£147,898	0	0	0
Total Current Liabilities	£2,015,424	£1,459,789	£1,332,292	£1,309,362	£490,879
Bank Loans & Overdrafts and LTL	£97,964	£56,748	0	£418	£11,017
Other Long Term Finance	0	0	0	0	0
Total Long Term Liabilities	£11,798	£3,614	0	£418	£11,017

Capital & Reserves

Date Of Accounts	31/10/11	31/10/10	31/10/09	31/10/08	31/10/07
Called Up Share Capital	£955	£955	£955	£955	£955
P & L Account Reserve	£1,090,202	£574,925	£412,563	£238,882	£132,782
Revaluation Reserve	-	-	-	-	-
Sundry Reserves	£10,081	£10,081	£10,081	£10,081	£10,081
Shareholder Funds	£1,101,238	£585,961	£423,599	£249,918	£143,818

Other Financial Items

Date Of Accounts	31/10/11	31/10/10	31/10/09	31/10/08	31/10/07
Net Worth	£900,777	£430,887	£302,711	£150,134	£96,715
Working Capital	£645,587	£180,165	£60,050	-£32,739	-£45,207
Total Assets	£3,128,460	£2,049,364	£1,755,891	£1,559,698	£645,714
Total Liabilities	£2,027,222	£1,463,403	£1,332,292	£1,309,780	£501,896
Net Assets	£1,101,238	£585,961	£423,599	£249,918	£143,818

Cash Flow

Date Of Accounts	31/10/11	31/10/10	31/10/09	31/10/08	31/10/07
Net Cashflow from Operations	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-
Increase in Cash	-	-	-	-	-

Miscellaneous

Date Of Accounts	31/10/11	31/10/10	31/10/09	31/10/08	31/10/07
	Contingent Liability	NO	NO	NO	NO	NO
Capital Employed	£1,113,036	£589,575	£423,599	£250,336	£154,835
Number of Employees	-	-	-	-	-
Auditors	BDO LLP
Auditor Comments	The audit report contains no adverse comments
Bankers
Bank Branch Code

Ratios

Date Of Accounts	31/10/11	31/10/10	31/10/09	31/10/08	31/10/07
Pre-tax profit margin %	-	-	-	-	-
Current ratio	1.32	1.12	1.05	0.97	0.91
Sales/Net Working Capital	-	-	-	-	-
Gearing %	8.90	9.70	0	0.20	7.70
Equity in %	37.60	30.90	25.90	17.10	24
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	0.90	0.73	0.67	0.74	0.55
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	1.83	2.49	3.14	5.23	3.41
Total Debt Ratio	1.84	2.49	3.14	5.24	3.48
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	-	-	-	-	-

Status History

No Status History found

Limit History

Date	Limit
14/07/2012	£100,000
29/05/2012	£51,000
03/05/2011	£50,000
11/08/2010	£25,000
07/08/2010	-
24/07/2010	£5,500
03/07/2010	£25,000
29/08/2009	£10,500
27/08/2009	£0
20/02/2009	£5,000

Previous Company Names

No Previous Names found

Statistics

Group	2 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	FIANIUM HOLDINGS LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	FIANIUM HOLDINGS LIMITED

Group structure

COMPANY NAME	SAFE NUMBER	REGISTERED NUMBER	LATEST KEY FINANCIALS	CONSOL. ACCOUNTS	RATING	LIMIT	TURNOVER
FIANIUM HOLDINGS LIMITED	UK06705789	07064025	31.10.2012	N	93	£25,000
FIANIUM LIMITED	UK04292695	04645475	31.10.2011	N	95	£100,000

STATISTICS

Group	2 companies
Linkages	0 companies
Countries	In 0 countries

Exact CCJ Details

No CCJs found

Possible CCJs Details

There are no possible CCJ details

Writ Details

No writs found

Mortgage Details

Mortgage Type:	ALL ASSETS DEBENTURE
Date Charge Created:	14/04/08
Date Charge Registered:	16/04/08
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	LLOYDS TSB COMMERCIAL FINANCE LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THETERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY SEE IMAGEFOR FULL DETAILS

Creditor Details

No Creditor Data
Total Value	-

Trade Debtors / Bad Debt Detail

No Debtor Data
Total Value	-

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
John Redvers Clowes	0	2
Geoffrey Robert Gamble	4	10

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.09
UK Pound	1	Rs.82.46
Euro	1	Rs.70.49

INFORMATION DETAILS

Report Prepared by :

PDT

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.