MIRA INFORM REPORT

Report Date :

31.10.2013

IDENTIFICATION DETAILS

Name :	DINSTOCK LIMITED
Registered Office :	C/O HW Chartered Accountants, Keepers Lane, The Wergs, Wolverhampton, WV6 8UA
Country :	United Kingdom
Financials (as on) :	31.07.2012
Date of Incorporation :	16.04.1996
Com. Reg. No.:	03186695
Legal Form :	Private limited with Share Capital
Line of Business :	Manufacturers of Industrial Fasteners.
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

UK - 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

Company Name	DINSTOCK LIMITED	Company Number	03186695
Registered Address	C/O HW CHARTERED ACCOUNTANTS	Trading Address	Unit C1-C2 Hortonwood 10 Telford Shropshire TF1 7ES
	KEEPERS LANE
	THE WERGS, WOLVERHAMPTON
	WV6 8UA
Website Address	http://www.justpower.co.uk
Telephone Number	-	Fax Number
TPS	-	FPS	No
Incorporation Date	16/04/1996	Company Status	Active - Accounts Filed
Previous Name	DIN-STOCK (MIDLANDS) LIMITED	Type	Private limited with Share Capital
Date of Change	29/03/2001	Filing Date of Accounts	22/03/2013
		Share Capital	£135,000
SIC03	5190	Currency	GBP
SIC03 Description	Other wholesale
SIC07	46900
SIC07 Description	NON-SPECIALISED WHOLESALE TRADE
Principal Activity	Wholesale.

DIRECTORS/MANAGEMENT

Directors

Total Current Directors	3
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	4

Current Directors

Name	Stephen Gordon Pearson	Date of Birth	13/09/1959
Officers Title	Mr	Nationality	British
Present Appointments	5	Function	Director
Appointment Date	16/04/1996
Address	Ridge End, Pattingham Road, Perton, Wolverhampton, West Midlands, WV6 7HD
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Robert Stuart Pearson	Date of Birth	27/11/1963
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	16/04/1996
Address	The Ostlers 2 The Mews, Burnhill Green, Wolverhampton, West Midlands, WV6 7HY
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Steven Richard James Paskin	Date of Birth	31/12/1963
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	25/03/2013
Address	129 Aldersley Road, Tettenhall, Wolverhampton, West Midlands, WV6 9NF
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Current Company Secretary

Name	Lesley Carol Rogers	Date of Birth	09/01/1959
Officers Title	Ms	Nationality	British
Present Appointments	4	Function	Company Secretary
Appointment Date	14/01/1998
Address	11 Bayswater Close, Gatecombe Court, Priorslee, Telford, TF2 9GY
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
GORDON PEARSON	GBP	75,000	PREFERENCE	1	55.56
JACKDAW TOOLS LTD	GBP	51,000	ORDINARY	1	37.78
ROBERT STUART PEARSON	GBP	9,000	ORDINARY	1	6.67

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	6
Satisfied	0

SHARE & SHARE CAPITAL INFORMATION

Share Capital

£135,000

PAYMENT INFORMATION

Summary – Payment History

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder Funds	Employees
31/07/2012	-	-	£352,330	-
31/07/2011	-	-	£339,679	-
31/07/2010	-	-	£363,121	-

Payment Information Summary

Days Beyond Terms

Trend Indicator

                         Average Payment Experience  

2	14
Company DBT	UK Average DBT

Steady

Improving Worsening

31 - 60 Days.

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 -	£10,920

GROUP STRUCTURE & AFFILIATED COMPANIES

Group Structure

Statistics

Group	3 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	JACKDAW TOOLS LIMITED
Ownership Status	Intermediately Owned
Ultimate Holding Company	JACKDAW TOOLS LIMITED

Group structure

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
JACKDAW TOOLS LIMITED	02902720	31.07.2012	N
DINSTOCK LIMITED	03186695	31.07.2012	N
WEB.DEZINE LIMITED	01018784	31.07.2012	N

FINANCIAL INFORMATION

Financials

Profit & Loss

Date Of Accounts	31/07/12	(%)	31/07/11	(%)	31/07/10	(%)	31/07/09	(%)	31/07/08
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	£44,498	-4.6%	£46,652	21%	£38,554	-25.7%	£51,876	38.2%	£37,544
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	-	-	-
Taxation	-	-	-	-	-	-	-	-	-
Profit After Tax	-	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

Date Of Accounts	31/07/12	(%)	31/07/11	(%)	31/07/10	(%)	31/07/09	(%)	31/07/08
Tangible Assets	£549,161	-6.3%	£585,856	14.4%	£512,258	80.5%	£283,769	-3.4%	£293,893
Intangible Assets	0	-	0	-	0	-	0	-	0
Total Fixed Assets	£549,161	-6.3%	£585,856	14.4%	£512,258	80.5%	£283,769	-3.4%	£293,893
Stock	£999,101	7.7%	£927,785	18.9%	£780,162	-7%	£838,964	-2.6%	£861,345
Trade Debtors	£683,964	1.6%	£673,429	3.8%	£648,896	31.1%	£494,920	-40.5%	£831,300
Cash	£67,212	999.9%	£5,678	999.9%	£165	-38.7%	£269	497.8%	£45
Other Debtors	0	-	0	-	0	-	0	-	0
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	£1,750,277	8.9%	£1,606,892	12.4%	£1,429,223	7.1%	£1,334,153	-21.2%	£1,692,690
Trade Creditors	£1,892,938	8.1%	£1,750,970	27.5%	£1,373,592	16%	£1,184,177	-34.2%	£1,798,776
Bank Loans & Overdrafts	0	-	0	-100%	£136,599	-56.2%	£311,583	376.2%	£65,429
Other Short Term Finance	0	-	0	-100%	£19,305	-27.6%	£26,663	-7.3%	£28,748
Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	0
Total Current Liabilities	£1,892,938	8.1%	£1,750,970	14.5%	£1,529,496	0.5%	£1,522,423	-19.6%	£1,892,953
Bank Loans & Overdrafts and LTL	£54,170	-46.9%	£102,099	-44.9%	£185,463	-46.5%	£346,612	221%	£107,972
Other Long Term Finance	0	-	0	-100%	£30,263	61.5%	£18,741	-28.6%	£26,255
Total Long Term Liabilities	£54,170	-46.9%	£102,099	108.9%	£48,864	39.5%	£35,029	-17.7%	£42,543

Capital & Reserves

Date Of Accounts	31/07/12	(%)	31/07/11	(%)	31/07/10	(%)	31/07/09	(%)	31/07/08
Called Up Share Capital	£60,000	-	£60,000	-	£60,000	-	£60,000	-	£60,000
P & L Account Reserve	£62,249	159%	£24,033	-49.4%	£47,475	999.9%	£470	105.3%	-£8,913
Revaluation Reserve	£230,081	-10%	£255,646	-	£255,646	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	£352,330	3.7%	£339,679	-6.5%	£363,121	500.5%	£60,470	18.4%	£51,087

Other Financial Items

Date Of Accounts	31/07/12	(%)	31/07/11	(%)	31/07/10	(%)	31/07/09	(%)	31/07/08
Net Worth	£352,330	3.7%	£339,679	-6.5%	£363,121	500.5%	£60,470	18.4%	£51,087
Working Capital	-£142,661	1%	-£144,078	-43.7%	-£100,273	46.7%	-£188,270	6%	-£200,263
Total Assets	£2,299,438	4.9%	£2,192,748	12.9%	£1,941,481	20%	£1,617,922	-18.6%	£1,986,583
Total Liabilities	£1,947,108	5.1%	£1,853,069	17.4%	£1,578,360	1.3%	£1,557,452	-19.5%	£1,935,496
Net Assets	£352,330	3.7%	£339,679	-6.5%	£363,121	500.5%	£60,470	18.4%	£51,087

Cash Flow

Date Of Accounts	31/07/12	(%)	31/07/11	(%)	31/07/10	(%)	31/07/09	(%)	31/07/08
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	31/07/12	(%)	31/07/11	(%)	31/07/10	(%)	31/07/09	(%)	31/07/08
Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
Capital Employed	£406,500	-8%	£441,778	7.2%	£411,985	331.4%	£95,499	2%	£93,630
Number of Employees	-	-	-	-	-	-	-	-	-
Auditors	HW
Auditor Comments	The audit report contains no adverse comments
Bankers	HSBC BANK PLC
Bank Branch Code

Ratios

Date Of Accounts	31/07/12	31/07/11	31/07/10	31/07/09	31/07/08
Pre-tax profit margin %	-	-	-	-	-
Current ratio	0.92	0.92	0.93	0.88	0.89
Sales/Net Working Capital	-	-	-	-	-
Gearing %	15.40	30.10	51.10	573.20	211.30
Equity in %	15.30	15.50	18.70	3.70	2.60
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	0.39	0.38	0.42	0.32	0.43
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	5.37	5.15	4.21	25.17	37.05
Total Debt Ratio	5.52	5.45	4.34	25.75	37.88
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	-	-	-	-	-

FOREIGN EXCHANGE RATES

Na

ADDITIONAL INFORMATION

Commentary

No exact match CCJs are recorded against the company.
There is insufficient data to indicate a change in this companies percentage of sales.
Net Worth increased by 3.7% during the latest trading period.
A 4.9% 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 999.9% 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 movement in accumulated earnings would indicate that the company made a profit after tax and other appropriations, including dividends.
The company was established over 17 years ago.

Event History

Status History

No Status History found

Event History

Date	Description
24/04/2013	Annual Returns	View Document
05/04/2013	New Accounts Filed	View Document
05/04/2013	New Accounts Filed	View Document
28/03/2013	New Board Member Mr S.R. Paskin appointed	View Document
28/04/2012	Annual Returns	View Document
28/03/2012	New Accounts Filed	View Document
28/04/2011	Annual Returns	View Document
18/12/2010	New Accounts Filed	View Document
21/04/2010	Annual Returns	View Document
30/11/2009	New Accounts Filed	View Document
15/05/2009	New Accounts Filed	View Document
22/04/2009	Annual Returns	View Document
19/05/2008	Annual Returns	View Document
08/05/2008	Annual Returns	View Document
05/03/2008	New Accounts Filed	View Document

Previous Company Names

Date	Previous Name
29/03/2001	DIN-STOCK (MIDLANDS) LIMITED

NOTES & COMMENTS

Na

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.48
UK Pound	1	Rs.98.70
Euro	1	Rs.84.48

INFORMATION DETAILS

Report Prepared by :

NLM

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.