MIRA INFORM REPORT

Report Date :

31.10.2013

IDENTIFICATION DETAILS

Name :	PRECISION PROFILES

Registered Office :	Southway Drive Bristol Avon Bs30 5lw

Country :	United Kingdom

Date of Incorporation :	Not Available

Legal Form :	Not Available

Line of Business :	Wholesale of metals and metal ores

No. of Employees :	240

RATING & COMMENTS

MIRA’s Rating :

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 :	Unknown

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

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

PRECISION PROFILES

Trading Address	SOUTHWAY DRIVE	Senior Executive	MR MICHAEL HARVEY
	BRISTOL	Position	DIRECTOR
	AVON	Date At Address	01/01/1987
Post Code	BS30 5LW	Number of Employees	240
Telephone Number	0117 960 9955 - View Details	Premises Type	Warehouses & Wholesalers
TPS	N	Business Classification	STAINLESS STEEL STOCKHOLDERS
Fax Number	0117 960 9944	SIC03	51520
FPS	Y	SIC03 Description	Wholesale of metals and metal ores
Website Address	http://www.precisionprofiles.co.uk

DIRECTORS/MANAGEMENT

N/a

NEGATIVE INFORMATION

Bankruptcy Information

Exact Name & Address

Bankrupt

Exact Address Match

Bankrupt

Exact Name Match

Bankrupt

CCJ Details

Exact CCJ Details

No CCJ`s Found

Possible Address CCJ Details

No CCJ`s Found

Possible Name CCJ Details

No CCJ`s Found

SHARE & SHARE CAPITAL INFORMATION

N/a

PAYMENT INFORMATION

\csukserver01002INT'L CREDIT REPORT2013.10.002013.10.29for entryNonLimPaymentInformation.aspx?CompanyNumber=1427159Payment Information Summary

Days Beyond Terms

Trend Indicator

Average Payment Experience

5	14
Company DBT	UK Average DBT

Steady

Â Â

Improving Worsening

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Within Terms 91+ Days

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Please note that Payment Experiences do not affect Credit Ratings and recommended Credit Limits

GROUP STRUCTURE & AFFILIATED COMPANIES

N/a

FINANCIAL INFORMATION

N/a

FOREIGN EXCHANGE RATES

N/a

ADDITIONAL INFORMATION

Other Non Limited Companies which match this Company Name & Address - 2 Results found

Company Name	Address	Postcode
PRECISION PROFILES	SOUTHWAY DRIVE BRISTOL AVON BS30 5LW	BS30 5LW
PRECISION SAFETY FOOTWEAR	SOUTHWAY DRIVE BRISTOL AVON BS30 5LW	BS30 5LW

Other Companies which match this Company Address - 6 Results found

Company Name	Company Number	Address	Postcode	Credit Rating	Credit Limit
AVON EASY ACCESS LIMITED	07463342	BRISTOL, BS30 5LW	BS30 5LW	87	1000
BATH DEMOLITION LIMITED	03708560	WILLCOCK HOUSE, UNIT 2, BRISTOL, BS30 5LW	BS30 5LW	82	100000
F & B PROFILES (HOLDINGS) LIMITED	03241606	BRISTOL, BS30 5LW	BS30 5LW	0	0
F & B PROFILES LIMITED	02185821	BRISTOL, BS30 5LW	BS30 5LW	55	165000
JSL FASTENERS LIMITED	02822168	BRISTOL, BS30 5LW	BS30 5LW	0	0
WHITES MATERIAL HANDLING LIMITED	01248229	BRISTOL, BS30 5LW	BS30 5LW	95	160000

Other Companies that match this Telephone Number - 0 Results found

Company Address

Company Name

House Name / Number

Telephone Number

Street

Locality

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City / Town

Post Code

NOTES & COMMENTS

Commentary

No exact match CCJs are recorded against the company.
The business has been at the address for over 24 years.
The business has 240 employee(s).

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.49
UK Pound	1	Rs.98.71
Euro	1	Rs.84.49

INFORMATION DETAILS

Report Prepared by :

SDA

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.