MIRA INFORM REPORT

Report Date :

16.04.2014

IDENTIFICATION DETAILS

Name :	LEADING LIGHT TECHNOLOGIES LIMITED
Registered Office :	Tower House Lucy Tower Street Lincoln LN1 1XW
Country :	United Kingdom
Financials (as on) :	28.02.2013
Date of Incorporation :	07.02.2008
Com. Reg. No.:	06496207
Legal Form :	Private limited with Share Capital
Line of Business :	Subject is engaged in Business Support Service Activities
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, 2014

Country Name	Previous Rating (31.12.2013)	Current Rating (31.03.2014)
United Kingdom	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderate Low Risk	B1
Moderate Risk	B2
Moderate High Risk	C1
High Risk	C2
Very High Risk	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. 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, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output. 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. Falling 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 included 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 about 11% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 largely due to 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 £375 billion (approximately $605 billion) as of December 2013. 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, however, in 2013 GDP grew 1.4%, accelerating unexpectedly in the second half of the year because of greater consumer spending and a recovering housing market. The budget deficit is falling but remains high at nearly 7% and public debt has continued to increase

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

Summary – Company Information

Company Name	LEADING LIGHT TECHNOLOGIES LIMITED	Company Number	06496207
Registered Address	TOWER HOUSE LUCY TOWER STREET LINCOLN LN1 1XW	Trading Address	Tower House Lucy Tower Street Lincoln Lincolnshire LN1 1XW
Website Address	-
Telephone Number	-
TPS	-
Incorporation Date	07/02/2008	Company Status	Active - Accounts Filed
Previous Name		Type	Private limited with Share Capital
Date of Change	-	Filing Date of Accounts	16/08/2013
		Share Capital	£150
SIC03	7487	Currency	GBP
SIC03 Description	Other business activities
SIC07	82990
SIC07 Description	OTHER BUSINESS SUPPORT SERVICE ACTIVITIES N.E.C.
Principal Activity

DIRECTORS/MANAGEMENT

Directors

Total Current Directors	2
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	0

Current Directors

Name	Timothy Charles McBride	Date of Birth	26/03/1964
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	07/02/2008
Address	35 Nelsons Gardens, Hedge End, Southampton, SO30 2NE
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Mark Scott-South	Date of Birth	19/05/1962
Officers Title	Mr	Nationality	British
Present Appointments	3	Function	Director
Appointment Date	07/02/2008
Address	6 Cavendish Gardens, Church Crookham, Fleet, Hampshire, GU52 6PD
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Current Company Secretary

Name	Mark Scott-South	Date of Birth	19/05/1962
Officers Title	Mr	Nationality	British
Present Appointments	3	Function	Company Secretary
Appointment Date	07/02/2008
Address	6 Cavendish Gardens, Church Crookham, Fleet, Hampshire, GU52 6PD

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
MR TIMOTHY CHARLES MCBRIDE	GBP	50	ORDINARY	1	33.33
GEOFFREY ROSE	GBP	50	ORDINARY	1	33.33
MR MARK SCOTT-SOUTH	GBP	50	ORDINARY	1	33.33

PAYMENT INFORMATION

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder Funds	Employees
28/02/2013	-	-	£311,776	-
29/02/2012	-	-	£224,219	-
28/02/2011	-	-	£81,838	-

Payment Information Summary

Days Beyond Terms

Trend Indicator

2	16
Company DBT	UK Average DBT

Steady

Improving Worsening

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	28/02/13	(%)	29/02/12	(%)	28/02/11	(%)	28/02/10	(%)	28/02/09
	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	£7,568	5.3%	£7,189	3.5%	£6,944	574.2%	£1,030	104.8%	£503
	Audit Fees	-	-	-	-	-	-	-	-	-
	Interest Payments	-	-	-	-	-	-	-	-	-
	Pre Tax Profit	-	-	-	-	-	-	-	-	-
	Taxation	-	-	-	-	-	-	-	-	-
	Profit After Tax	-	-	-	-	-	-	-	-	-
	Dividends Payable	-	-	-	-	-	-	-	-	-
	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	28/02/13	(%)	29/02/12	(%)	28/02/11	(%)	28/02/10	(%)	28/02/09
	Tangible Assets	£2,702	-64.8%	£7,671	-40.3%	£12,842	589.3%	£1,863	-23.4%	£2,432
	Intangible Assets	0	-	0	-	0	-	0	-	0
	Total Fixed Assets	£2,702	-64.8%	£7,671	-40.3%	£12,842	589.3%	£1,863	-23.4%	£2,432
	Stock	£100,916	-29.5%	£143,103	999.9%	£1,366	-	0	-	0
	Trade Debtors	£413,415	31.8%	£313,692	215.4%	£99,451	542.9%	£15,469	19.9%	£12,903
	Cash	£118,188	-9.8%	£131,000	372.1%	£27,748	-50.8%	£56,413	9%	£51,766
	Other Debtors	0	-	0	-	0	-	0	-	0
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£632,519	7.6%	£587,795	357.2%	£128,565	78.9%	£71,882	11.2%	£64,669
	Trade Creditors	£321,865	-11.5%	£363,738	701.5%	£45,380	67.9%	£27,034	-4.4%	£28,293
	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	£321,865	-11.5%	£363,738	701.5%	£45,380	67.9%	£27,034	-4.4%	£28,293
	Bank Loans & Overdrafts and LTL	£1,580	-79%	£7,509	-47.1%	£14,189	999.9%	£391	12.7%	£347
	Other Long Term Finance	0	-	0	-	0	-	0	-	0
	Total Long Term Liabilities	£1,580	-79%	£7,509	-47.1%	£14,189	999.9%	£391	12.7%	£347

Capital & Reserves

	Date Of Accounts	28/02/13	(%)	29/02/12	(%)	28/02/11	(%)	28/02/10	(%)	28/02/09
	Called Up Share Capital	£200,150	999.9%	£100	-	£100	-	£100	-	£100
	P & L Account Reserve	£111,626	-50.2%	£224,119	174.2%	£81,738	76.8%	£46,220	20.5%	£38,361
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	-	-	-	-	-	-	-	-	-
	Shareholder Funds	£311,776	39%	£224,219	174%	£81,838	76.7%	£46,320	20.4%	£38,461

Other Financial Items

	Date Of Accounts	28/02/13	(%)	29/02/12	(%)	28/02/11	(%)	28/02/10	(%)	28/02/09
	Net Worth	£311,776	39%	£224,219	174%	£81,838	76.7%	£46,320	20.4%	£38,461
	Working Capital	£310,654	38.6%	£224,057	169.3%	£83,185	85.5%	£44,848	23.3%	£36,376
	Total Assets	£635,221	6.7%	£595,466	321.1%	£141,407	91.8%	£73,745	9.9%	£67,101
	Total Liabilities	£323,445	-12.9%	£371,247	523.2%	£59,569	117.2%	£27,425	-4.2%	£28,640
	Net Assets	£311,776	39%	£224,219	174%	£81,838	76.7%	£46,320	20.4%	£38,461

Cash Flow

	Date Of Accounts	28/02/13	(%)	29/02/12	(%)	28/02/11	(%)	28/02/10	(%)	28/02/09
	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	28/02/13	(%)	29/02/12	(%)	28/02/11	(%)	28/02/10	(%)	28/02/09
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
	Capital Employed	£313,356	35.2%	£231,728	141.3%	£96,027	105.6%	£46,711	20.4%	£38,808
	Number of Employees	-	-	-	-	-	-	-	-	-
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	28/02/13	29/02/12	28/02/11	28/02/10	28/02/09
	Pre-tax profit margin %	-	-	-	-	-
	Current ratio	1.97	1.62	2.83	2.66	2.29
	Sales/Net Working Capital	-	-	-	-	-
	Gearing %	0.50	3.30	17.30	0.80	0.90
	Equity in %	49.10	37.70	57.90	62.80	57.30
	Creditor Days	-	-	-	-	-
	Debtor Days	-	-	-	-	-
	Liquidity/Acid Test	1.65	1.22	2.80	2.65	2.28
	Return On Capital Employed %	-	-	-	-	-
	Return On Total Assets Employed %	-	-	-	-	-
	Current Debt Ratio	1.03	1.62	0.55	0.58	0.73
	Total Debt Ratio	1.03	1.65	0.72	0.59	0.74
	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 company's percentage of sales.
Net Worth increased by 39% during the latest trading period.
A 6.7% growth in Total Assets occurred during the latest trading period.
There is insufficient data to indicate a change in this company's pre-tax profit.
The company saw a decrease in their Cash Balance of 9.8% 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 incurred a loss after tax and other appropriations, including dividends.
The company has changed its registered address recently.
The company was established over 6 years ago.

Event History

Status History

No Status History found

Event History

Date	Description
26/02/2014	Annual Returns
20/08/2013	New Accounts Filed
11/03/2013	Annual Returns
05/10/2012	Change in Reg.Office
05/10/2012	Change of Company Postcode
31/07/2012	New Accounts Filed
24/02/2012	Annual Returns
12/09/2011	New Accounts Filed
17/02/2011	Annual Returns
22/07/2010	New Accounts Filed
04/03/2010	Annual Returns
16/10/2009	New Accounts Filed
24/02/2009	Annual Returns
14/02/2008	New Board Member Mr M. Scott-South appointed
14/02/2008	New Company Secretary Mr M. Scott-South appointed

Previous Company Names

No Previous Names found

NOTES & COMMENTS

Na

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.26
UK Pound	1	Rs.101.71
Euro	1	Rs.83.27

INFORMATION DETAILS

Analysis Done by :	SUB
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%)

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