MIRA INFORM REPORT

Report Date :

14.11.2013

IDENTIFICATION DETAILS

Name :	L.J. MACHINE TOOLS LIMITED
Registered Office :	187D Union Street Lurgan Craigavon
Country :	United Kingdom
Financials (as on) :	31.08.2012
Date of Incorporation :	20.06.1979
Com. Reg. No.:	NI013679
Legal Form :	Private limited with Share Capital
Line of Business :	Subject is engaged in Non-food shops.
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 :	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, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
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

Company name and address

Company Name	L.J. MACHINE TOOLS LIMITED	Company Number	NI013679
		Safe Number	UK07010068
Registered Address	187D UNION STREET	Trading Address	187D Union Street Lurgan Craigavon County Armagh BT66 8EQ
	LURGAN
	CRAIGAVON
	BT66 8EQ
Website Address	http://www.ljmt.co.uk
Telephone Number	02838328212	Fax Number
TPS	No	FPS	No
Incorporation Date	20/06/1979	Company Status	Active - Accounts Filed
Previous Name		Type	Private limited with Share Capital
Date of Change	-	Filing Date of Accounts	30/05/2013
		Share Capital	£10,000
SIC03	5263	Currency	GBP
SIC03 Description	Other non-store retail sale
SIC07	47990
SIC07 Description	OTHER RETAIL SALE NOT IN STORES, STALLS OR MARKETS
Principal Activity	Non-food shops.

Commentary

No exact match CCJs are recorded against the company.
There has been no significant change in the company's credit rating.
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 increased by 5.9% during the latest trading period.
A 3.6% 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 an increase in their Cash Balance of 107.1% during the latest trading period.
The company is exempt from audit.
No recent changes in directorship are recorded.
The company is not part of a group.
The movement in accumulated earnings would indicate that the company made a profit after tax and other appropriations, including dividends.
The company was established over 34 years ago.

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder Funds	Employees
31/08/2012	-	-	£872,624	-
31/08/2011	-	-	£823,846	-
31/08/2010	-	-	£767,799	-

Payment Information

Summary

Days Beyond Terms

Trend Indicator

37	15
Company DBT	UK Average DBT

Steady

Improving Worsening

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

Total Current Directors	4
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	0

Current Directors

Name	Lillian Harland	Date of Birth	01/11/1942
Officers Title	Mrs	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	14/10/1988
Address	29 Chasewood Close, Portadown, Craigavon, County Armagh, BT63 5TY
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	James Harland	Date of Birth	06/11/1943
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	20/06/1979
Address	29 Chasewood Close, Portadown, Craigavon, County Armagh, BT63 5TY
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Ian James Harland	Date of Birth	19/06/1970
Officers Title	Mr	Nationality	British
Present Appointments	3	Function	Director
Appointment Date	25/09/1996
Address	7 Chasewood Manor, Portadown, Craigavon, County Armagh, BT63 5FL
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Mark Thomas Joseph Harland	Date of Birth	21/05/1973
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	01/12/1999
Address	41 Weavers Meadow, Portadown Road, Banbridge, County Down, BT32 4RL
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Current Company Secretary

Name	Lillian Harland	Date of Birth	01/11/1942
Officers Title	Mrs	Nationality	British
Present Appointments	2	Function	Company Secretary
Appointment Date	14/10/1988
Address	29 Chasewood Close, Portadown, Craigavon, County Armagh, BT63 5TY
Other Actions		View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
MR JAMES HARLAND	GBP	5,000	ORDINARY	1	50
MRS LILLIAN HARLAND	GBP	5,000	ORDINARY	1	50

Profit & Loss

	Date Of Accounts	31/08/12	(%)	31/08/11	(%)	31/08/10	(%)	31/08/09	(%)	31/08/08
	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	£21,343	-36.4%	£33,557	-14.1%	£39,046	-26.4%	£53,030	0%	£53,009
	Audit Fees	-	-	-	-	-	-	-	-	-
	Interest Payments	-	-	-	-	-	-	-	-	-
	Pre Tax Profit	-	-	-	-	-	-	-	-	-
	Taxation	-	-	-	-	-	-	-	-	-
	Profit After Tax	-	-	-	-	-	-	-	-	-
	Dividends Payable	-	-	-	-	-	-	-	-	-
	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	31/08/12	(%)	31/08/11	(%)	31/08/10	(%)	31/08/09	(%)	31/08/08
	Tangible Assets	£127,622	-14.1%	£148,523	-13.3%	£171,332	-22.4%	£220,694	-18.6%	£271,163
	Intangible Assets	0	-	0	-	0	-	0	-	0
	Total Fixed Assets	£127,622	-14.1%	£148,523	-13.3%	£171,332	-22.4%	£220,694	-18.6%	£271,163
	Stock	£961,587	4.5%	£920,587	11.2%	£828,209	-8.6%	£905,780	-11.5%	£1,024,000
	Trade Debtors	£507,031	4.9%	£483,323	10%	£439,545	2.7%	£427,822	-23.2%	£557,220
	Cash	£20,893	107.1%	£10,090	-80.8%	£52,663	-59%	£128,565	260.5%	£35,663
	Other Debtors	£9,630	26.2%	£7,630	64.8%	£4,630	-	0	-	0
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£1,499,141	5.5%	£1,421,630	7.3%	£1,325,047	-9.4%	£1,462,167	-9.6%	£1,616,883
	Trade Creditors	£727,581	8.3%	£671,546	10.7%	£606,723	-26%	£820,163	-19.2%	£1,014,623
	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	£727,581	8.3%	£671,546	10.7%	£606,723	-26%	£820,163	-19.2%	£1,014,623
	Bank Loans & Overdrafts and LTL	£26,558	-64.5%	£74,761	-38.6%	£121,857	-33.3%	£182,816	18.3%	£154,541
	Other Long Term Finance	0	-	0	-	0	-	0	-	0
	Total Long Term Liabilities	£26,558	-64.5%	£74,761	-38.6%	£121,857	-33.3%	£182,816	18.3%	£154,541

Capital & Reserves

	Date Of Accounts	31/08/12	(%)	31/08/11	(%)	31/08/10	(%)	31/08/09	(%)	31/08/08
	Called Up Share Capital	£10,000	-	£10,000	-	£10,000	-	£10,000	-	£10,000
	P & L Account Reserve	£862,624	6%	£813,846	7.4%	£757,799	13.1%	£669,882	-5.5%	£708,882
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	-	-	-	-	-	-	-	-	-
	Shareholder Funds	£872,624	5.9%	£823,846	7.3%	£767,799	12.9%	£679,882	-5.4%	£718,882

Other Financial Items

	Date Of Accounts	31/08/12	(%)	31/08/11	(%)	31/08/10	(%)	31/08/09	(%)	31/08/08
	Net Worth	£872,624	5.9%	£823,846	7.3%	£767,799	12.9%	£679,882	-5.4%	£718,882
	Working Capital	£771,560	2.9%	£750,084	4.4%	£718,324	11.9%	£642,004	6.6%	£602,260
	Total Assets	£1,626,763	3.6%	£1,570,153	4.9%	£1,496,379	-11.1%	£1,682,861	-10.9%	£1,888,046
	Total Liabilities	£754,139	1%	£746,307	2.4%	£728,580	-27.4%	£1,002,979	-14.2%	£1,169,164
	Net Assets	£872,624	5.9%	£823,846	7.3%	£767,799	12.9%	£679,882	-5.4%	£718,882

Cash Flow

	Date Of Accounts	31/08/12	(%)	31/08/11	(%)	31/08/10	(%)	31/08/09	(%)	31/08/08
	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	31/08/12	(%)	31/08/11	(%)	31/08/10	(%)	31/08/09	(%)	31/08/08
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
	Capital Employed	£899,182	0.1%	£898,607	1%	£889,656	3.1%	£862,698	-1.2%	£873,423
	Number of Employees	-	-	-	-	-	-	-	-	-
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers	NORTHERN BANK LTD
	Bank Branch Code

Ratios

	Date Of Accounts	31/08/12	31/08/11	31/08/10	31/08/09	31/08/08
	Pre-tax profit margin %	-	-	-	-	-
	Current ratio	2.06	2.12	2.18	1.78	1.59
	Sales/Net Working Capital	-	-	-	-	-
	Gearing %	3	9.10	15.90	26.90	21.50
	Equity in %	53.60	52.50	51.30	40.40	38.10
	Creditor Days	-	-	-	-	-
	Debtor Days	-	-	-	-	-
	Liquidity/Acid Test	0.73	0.74	0.81	0.67	0.58
	Return On Capital Employed %	-	-	-	-	-
	Return On Total Assets Employed %	-	-	-	-	-
	Current Debt Ratio	0.83	0.81	0.79	1.20	1.41
	Total Debt Ratio	0.86	0.90	0.94	1.47	1.62
	Stock Turnover Ratio %	-	-	-	-	-
	Return on Net Assets Employed %	-	-	-	-	-

Status History

No Status History found

Event History

Date	Description
10/07/2013	Annual Returns
08/06/2013	New Accounts Filed
09/07/2012	Annual Returns
09/06/2012	New Accounts Filed
09/06/2012	New Accounts Filed
12/07/2011	New Accounts Filed
08/07/2011	Annual Returns
07/07/2011	Change in Reg.Office
10/09/2010	New Company Secretary Mrs L. Harland appointed
27/07/2010	Annual Returns
08/06/2010	New Accounts Filed
08/06/2010	New Accounts Filed
09/10/2009	New Board Member Mr M.T. Harland appointed
09/10/2009	New Board Member Mr I.J. Harland appointed
09/10/2009	New Board Member Mr J. Harland appointed

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Statistics

Group	0 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:	MORTGAGE OR CHARGE
Date Charge Created:	20/01/09
Date Charge Registered:	27/01/09
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	NORTHERN BANK LIMITED
Amount Secured:	ALL MONEYS AND LIABILITIES NOW OR AT ANY TIME HEREAFTER DUE OWING OR INCURRED TO THE BANK BY THE COMPANY IN ANY WAY WHATSOEVER.
Details:	ALL MONIES MORTGAGE WAREHOUSE AND PREMISES AT KING STREET, LURGAN BEING ALL OF THE LANDS COMPRISED IN FOLIO AR102786L CO ARMAGH

Mortgage Type:	MORTGAGE OR CHARGE
Date Charge Created:	09/01/04
Date Charge Registered:	16/01/04
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	NORTHERN BANK DONEGALL SQ WEST
Amount Secured:	N/A
Details:	ALL MONIES. SOLICITORS' UNDERTAKING. WAREHOUSE PREMISES SITUATE AT KING STREET, LURGAN

Mortgage Type:	MORTGAGE OR CHARGE
Date Charge Created:	21/02/01
Date Charge Registered:	26/02/01
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	NORTHERN BANK LTD
Amount Secured:	N/A
Details:	CHARGE OVER ALL BOOK DEBTS - ALL MONIES ALL BOOK DEBTS AND OTHER DEBTS NOW AND FROM TIME TO TIMEHEREAFTER DUE OWING OR INCURRED TO THE COMPANY.

Mortgage Type:	MORTGAGE OR CHARGE
Date Charge Created:	21/02/01
Date Charge Registered:	26/02/01
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	NORTHERN BANK LTD
Amount Secured:	N/A
Details:	ALL MONIES. FLOATING CHARGE THE UNDERTAKING OF THE COMPANY AND ALL ITS PROPERTY WHATSOEVER AND WHERESOEVER BOTH PRESENT AND FUTURE INCLUDING ITS UNCALLED CAPITAL FOR THE TIME BEING. THE COMPANY SHALL NOT BE AT LIBERTY WITHOUT THE PREVIOUS CONSENT IN WRITING OF NORTHERN BANK LIMITEDTO CREATE ANY MORTGAGE OR CHARGE OR CONFER ANY LIEN ON ITS ASSETS OR ANY PART THEREOF OR TO SELL OR DEAL WITH ITS BOOK OR OTHER DEBTS OR SECURITIES FOR MONEY OTHERWISE THAN FOR THE PURPOSE OF GETTING IN AND REALISING THE SAME IN THEORDINARY WAY OF BUSINESS

Creditor Details

No Creditor Data
Total Value	-

Trade Debtors / Bad Debt Detail

No Debtor Data
Total Value	-

Previous Director/Company Secretaries

No Previous Director Details

Average Invoice Value	£216.42
Invoices available	66
Paid	63
Outstanding	3

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

	Within Terms	0-30 Days	31-60 Days	61-90 Days	91+ Days
Paid	5	16	30	11	1
Outstanding	0	2	0	1	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.65
UK Pound	1	Rs.101.17
Euro	1	Rs.85.55

INFORMATION DETAILS

Report Prepared by :

NIS

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%)

MIRA INFORM REPORT

Report Date :

14.11.2013

IDENTIFICATION DETAILS

Name :	L.J. MACHINE TOOLS LIMITED
Registered Office :	187D Union Street Lurgan Craigavon
Country :	United Kingdom
Financials (as on) :	31.08.2012
Date of Incorporation :	20.06.1979
Com. Reg. No.:	NI013679
Legal Form :	Private limited with Share Capital
Line of Business :	Subject is engaged in Non-food shops.
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 :	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, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
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

Company name and address

Company Name	L.J. MACHINE TOOLS LIMITED	Company Number	NI013679
		Safe Number	UK07010068
Registered Address	187D UNION STREET	Trading Address	187D Union Street Lurgan Craigavon County Armagh BT66 8EQ
	LURGAN
	CRAIGAVON
	BT66 8EQ
Website Address	http://www.ljmt.co.uk
Telephone Number	02838328212	Fax Number
TPS	No	FPS	No
Incorporation Date	20/06/1979	Company Status	Active - Accounts Filed
Previous Name		Type	Private limited with Share Capital
Date of Change	-	Filing Date of Accounts	30/05/2013
		Share Capital	£10,000
SIC03	5263	Currency	GBP
SIC03 Description	Other non-store retail sale
SIC07	47990
SIC07 Description	OTHER RETAIL SALE NOT IN STORES, STALLS OR MARKETS
Principal Activity	Non-food shops.

Commentary

No exact match CCJs are recorded against the company.
There has been no significant change in the company's credit rating.
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 increased by 5.9% during the latest trading period.
A 3.6% 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 an increase in their Cash Balance of 107.1% during the latest trading period.
The company is exempt from audit.
No recent changes in directorship are recorded.
The company is not part of a group.
The movement in accumulated earnings would indicate that the company made a profit after tax and other appropriations, including dividends.
The company was established over 34 years ago.

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder Funds	Employees
31/08/2012	-	-	£872,624	-
31/08/2011	-	-	£823,846	-
31/08/2010	-	-	£767,799	-

Payment Information

Summary

Days Beyond Terms

Trend Indicator

37	15
Company DBT	UK Average DBT

Steady

Improving Worsening

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

Total Current Directors	4
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	0

Current Directors

Name	Lillian Harland	Date of Birth	01/11/1942
Officers Title	Mrs	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	14/10/1988
Address	29 Chasewood Close, Portadown, Craigavon, County Armagh, BT63 5TY
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	James Harland	Date of Birth	06/11/1943
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	20/06/1979
Address	29 Chasewood Close, Portadown, Craigavon, County Armagh, BT63 5TY
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Ian James Harland	Date of Birth	19/06/1970
Officers Title	Mr	Nationality	British
Present Appointments	3	Function	Director
Appointment Date	25/09/1996
Address	7 Chasewood Manor, Portadown, Craigavon, County Armagh, BT63 5FL
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Mark Thomas Joseph Harland	Date of Birth	21/05/1973
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	01/12/1999
Address	41 Weavers Meadow, Portadown Road, Banbridge, County Down, BT32 4RL
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Current Company Secretary

Name	Lillian Harland	Date of Birth	01/11/1942
Officers Title	Mrs	Nationality	British
Present Appointments	2	Function	Company Secretary
Appointment Date	14/10/1988
Address	29 Chasewood Close, Portadown, Craigavon, County Armagh, BT63 5TY
Other Actions		View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
MR JAMES HARLAND	GBP	5,000	ORDINARY	1	50
MRS LILLIAN HARLAND	GBP	5,000	ORDINARY	1	50

Profit & Loss

	Date Of Accounts	31/08/12	(%)	31/08/11	(%)	31/08/10	(%)	31/08/09	(%)	31/08/08
	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	£21,343	-36.4%	£33,557	-14.1%	£39,046	-26.4%	£53,030	0%	£53,009
	Audit Fees	-	-	-	-	-	-	-	-	-
	Interest Payments	-	-	-	-	-	-	-	-	-
	Pre Tax Profit	-	-	-	-	-	-	-	-	-
	Taxation	-	-	-	-	-	-	-	-	-
	Profit After Tax	-	-	-	-	-	-	-	-	-
	Dividends Payable	-	-	-	-	-	-	-	-	-
	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	31/08/12	(%)	31/08/11	(%)	31/08/10	(%)	31/08/09	(%)	31/08/08
	Tangible Assets	£127,622	-14.1%	£148,523	-13.3%	£171,332	-22.4%	£220,694	-18.6%	£271,163
	Intangible Assets	0	-	0	-	0	-	0	-	0
	Total Fixed Assets	£127,622	-14.1%	£148,523	-13.3%	£171,332	-22.4%	£220,694	-18.6%	£271,163
	Stock	£961,587	4.5%	£920,587	11.2%	£828,209	-8.6%	£905,780	-11.5%	£1,024,000
	Trade Debtors	£507,031	4.9%	£483,323	10%	£439,545	2.7%	£427,822	-23.2%	£557,220
	Cash	£20,893	107.1%	£10,090	-80.8%	£52,663	-59%	£128,565	260.5%	£35,663
	Other Debtors	£9,630	26.2%	£7,630	64.8%	£4,630	-	0	-	0
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£1,499,141	5.5%	£1,421,630	7.3%	£1,325,047	-9.4%	£1,462,167	-9.6%	£1,616,883
	Trade Creditors	£727,581	8.3%	£671,546	10.7%	£606,723	-26%	£820,163	-19.2%	£1,014,623
	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	£727,581	8.3%	£671,546	10.7%	£606,723	-26%	£820,163	-19.2%	£1,014,623
	Bank Loans & Overdrafts and LTL	£26,558	-64.5%	£74,761	-38.6%	£121,857	-33.3%	£182,816	18.3%	£154,541
	Other Long Term Finance	0	-	0	-	0	-	0	-	0
	Total Long Term Liabilities	£26,558	-64.5%	£74,761	-38.6%	£121,857	-33.3%	£182,816	18.3%	£154,541

Capital & Reserves

	Date Of Accounts	31/08/12	(%)	31/08/11	(%)	31/08/10	(%)	31/08/09	(%)	31/08/08
	Called Up Share Capital	£10,000	-	£10,000	-	£10,000	-	£10,000	-	£10,000
	P & L Account Reserve	£862,624	6%	£813,846	7.4%	£757,799	13.1%	£669,882	-5.5%	£708,882
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	-	-	-	-	-	-	-	-	-
	Shareholder Funds	£872,624	5.9%	£823,846	7.3%	£767,799	12.9%	£679,882	-5.4%	£718,882

Other Financial Items

	Date Of Accounts	31/08/12	(%)	31/08/11	(%)	31/08/10	(%)	31/08/09	(%)	31/08/08
	Net Worth	£872,624	5.9%	£823,846	7.3%	£767,799	12.9%	£679,882	-5.4%	£718,882
	Working Capital	£771,560	2.9%	£750,084	4.4%	£718,324	11.9%	£642,004	6.6%	£602,260
	Total Assets	£1,626,763	3.6%	£1,570,153	4.9%	£1,496,379	-11.1%	£1,682,861	-10.9%	£1,888,046
	Total Liabilities	£754,139	1%	£746,307	2.4%	£728,580	-27.4%	£1,002,979	-14.2%	£1,169,164
	Net Assets	£872,624	5.9%	£823,846	7.3%	£767,799	12.9%	£679,882	-5.4%	£718,882

Cash Flow

	Date Of Accounts	31/08/12	(%)	31/08/11	(%)	31/08/10	(%)	31/08/09	(%)	31/08/08
	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	31/08/12	(%)	31/08/11	(%)	31/08/10	(%)	31/08/09	(%)	31/08/08
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
	Capital Employed	£899,182	0.1%	£898,607	1%	£889,656	3.1%	£862,698	-1.2%	£873,423
	Number of Employees	-	-	-	-	-	-	-	-	-
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers	NORTHERN BANK LTD
	Bank Branch Code

Ratios

	Date Of Accounts	31/08/12	31/08/11	31/08/10	31/08/09	31/08/08
	Pre-tax profit margin %	-	-	-	-	-
	Current ratio	2.06	2.12	2.18	1.78	1.59
	Sales/Net Working Capital	-	-	-	-	-
	Gearing %	3	9.10	15.90	26.90	21.50
	Equity in %	53.60	52.50	51.30	40.40	38.10
	Creditor Days	-	-	-	-	-
	Debtor Days	-	-	-	-	-
	Liquidity/Acid Test	0.73	0.74	0.81	0.67	0.58
	Return On Capital Employed %	-	-	-	-	-
	Return On Total Assets Employed %	-	-	-	-	-
	Current Debt Ratio	0.83	0.81	0.79	1.20	1.41
	Total Debt Ratio	0.86	0.90	0.94	1.47	1.62
	Stock Turnover Ratio %	-	-	-	-	-
	Return on Net Assets Employed %	-	-	-	-	-

Status History

No Status History found

Event History

Date	Description
10/07/2013	Annual Returns
08/06/2013	New Accounts Filed
09/07/2012	Annual Returns
09/06/2012	New Accounts Filed
09/06/2012	New Accounts Filed
12/07/2011	New Accounts Filed
08/07/2011	Annual Returns
07/07/2011	Change in Reg.Office
10/09/2010	New Company Secretary Mrs L. Harland appointed
27/07/2010	Annual Returns
08/06/2010	New Accounts Filed
08/06/2010	New Accounts Filed
09/10/2009	New Board Member Mr M.T. Harland appointed
09/10/2009	New Board Member Mr I.J. Harland appointed
09/10/2009	New Board Member Mr J. Harland appointed

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Statistics

Group	0 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:	MORTGAGE OR CHARGE
Date Charge Created:	20/01/09
Date Charge Registered:	27/01/09
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	NORTHERN BANK LIMITED
Amount Secured:	ALL MONEYS AND LIABILITIES NOW OR AT ANY TIME HEREAFTER DUE OWING OR INCURRED TO THE BANK BY THE COMPANY IN ANY WAY WHATSOEVER.
Details:	ALL MONIES MORTGAGE WAREHOUSE AND PREMISES AT KING STREET, LURGAN BEING ALL OF THE LANDS COMPRISED IN FOLIO AR102786L CO ARMAGH

Mortgage Type:	MORTGAGE OR CHARGE
Date Charge Created:	09/01/04
Date Charge Registered:	16/01/04
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	NORTHERN BANK DONEGALL SQ WEST
Amount Secured:	N/A
Details:	ALL MONIES. SOLICITORS' UNDERTAKING. WAREHOUSE PREMISES SITUATE AT KING STREET, LURGAN

Mortgage Type:	MORTGAGE OR CHARGE
Date Charge Created:	21/02/01
Date Charge Registered:	26/02/01
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	NORTHERN BANK LTD
Amount Secured:	N/A
Details:	CHARGE OVER ALL BOOK DEBTS - ALL MONIES ALL BOOK DEBTS AND OTHER DEBTS NOW AND FROM TIME TO TIMEHEREAFTER DUE OWING OR INCURRED TO THE COMPANY.

Mortgage Type:	MORTGAGE OR CHARGE
Date Charge Created:	21/02/01
Date Charge Registered:	26/02/01
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	NORTHERN BANK LTD
Amount Secured:	N/A
Details:	ALL MONIES. FLOATING CHARGE THE UNDERTAKING OF THE COMPANY AND ALL ITS PROPERTY WHATSOEVER AND WHERESOEVER BOTH PRESENT AND FUTURE INCLUDING ITS UNCALLED CAPITAL FOR THE TIME BEING. THE COMPANY SHALL NOT BE AT LIBERTY WITHOUT THE PREVIOUS CONSENT IN WRITING OF NORTHERN BANK LIMITEDTO CREATE ANY MORTGAGE OR CHARGE OR CONFER ANY LIEN ON ITS ASSETS OR ANY PART THEREOF OR TO SELL OR DEAL WITH ITS BOOK OR OTHER DEBTS OR SECURITIES FOR MONEY OTHERWISE THAN FOR THE PURPOSE OF GETTING IN AND REALISING THE SAME IN THEORDINARY WAY OF BUSINESS

Creditor Details

No Creditor Data
Total Value	-

Trade Debtors / Bad Debt Detail

No Debtor Data
Total Value	-

Previous Director/Company Secretaries

No Previous Director Details

Average Invoice Value	£216.42
Invoices available	66
Paid	63
Outstanding	3

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

	Within Terms	0-30 Days	31-60 Days	61-90 Days	91+ Days
Paid	5	16	30	11	1
Outstanding	0	2	0	1	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.65
UK Pound	1	Rs.101.17
Euro	1	Rs.85.55

INFORMATION DETAILS

Report Prepared by :

NIS

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.