MIRA INFORM REPORT

Report Date :

18.04.2014

IDENTIFICATION DETAILS

Name :	WEBSTER MACHINES LIMITED
Registered Office :	203 Askern Road Bentley Doncaster DN5 0JR
Country :	United Kingdom
Financials (as on) :	27.02.2013
Date of Incorporation :	12.02.2009
Com. Reg. No.:	06817379
Legal Form :	Private limited with Share Capital
Line of Business :	Wholesale of mining, construction & civil engineering machinery
No. of Employees	Not Available

RATING & COMMENTS

MIRA’s Rating :

C

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

Status :	Under Winding up Proceeding
Payment Behaviour :	--
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 – 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

Company name and address

Company Name:	WEBSTER MACHINES LIMITED
Company No:	06817379
REGISTERED ADDRESS:
203 ASKERN ROAD
BENTLEY
DONCASTER
DN5 0JR

Company summary

Company Name	WEBSTER MACHINES LIMITED	Company Number	06817379
Registered Address	203 ASKERN ROAD BENTLEY DONCASTER DN5 0JR	Trading Address	203 Askern Road Bentley Doncaster South Yorkshire DN5 0JR
Office Adddress	1 Womerseley Mill Doncaster Road Whitley DN14 0JW United Kingdom
Website Address	http://www.webstermachines.com
Telephone Number	-
TPS	-
Incorporation Date	12/02/2009	Company Status	Winding Up Petition(s)
Previous Name		Type	Private limited with Share Capital
Date of Change	-	Filing Date of Accounts	26/02/2014
		Share Capital	£100
SIC03	5182	Currency	GBP
SIC03 Description	Wholesale of mining, construction & civil engineering machinery
SIC07	46630
SIC07 Description	WHOLESALE OF MINING, CONSTRUCTION AND CIVIL ENGINEERING MACHINERY
Principal Activity

Accounts Due Date 27/11/2014

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder Funds	Employees
27/02/2013	-	-	£2,703	-
29/02/2012	-	-	£1,222	-
28/02/2011	-	-	£49,565	-

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Payment Information Summary

Days Beyond Terms

Trend Indicator

N/A	16
Company DBT	UK Average DBT

Steady

Created with Raphaël 2.1.0Created with Raphaël 2.1.0   

Improving Worsening

CCJ

Total Number of Exact CCJs -	2	Total Value of Exact CCJs -	£25,249
Total Number of Possible CCJs -	0	Total Value of Possible CCJs -
Total Number of Satisfied CCJs -	5	Total Value of Satisfied CCJs -	£22,158
Total Number of Writs -	-

Exact CCJ Details

Date	Court	Amount	Status	Case Number	Date Paid
19/03/2014	NORTHAMPTON CCBC	£10,614	Judgement	3QZ26332	-
04/12/2013	NORTHAMPTON CCMCC	£14,635	Judgement	3YM57390	-
12/09/2013	NORTHAMPTON CCBC	£3,691	Satisfied	3XJ17433	18/10/2013
10/09/2013	NORTHAMPTON CCBC	£7,386	Satisfied	3QT74561	31/10/2013
19/11/2012	NORTHAMPTON CCBC	£7,048	Satisfied	2QR77394	20/12/2012

Possible CCJ Details

There are no possible CCJ details

Writ Details

There are no writ details

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

Current Directors

Name	Edward Daly	Date of Birth	30/03/1959
Officers Title	Mr	Nationality	British
Present Appointments	9	Function	Director
Appointment Date	12/02/2009
Address	23 Radcliffe Lane, Scawthorpe, Doncaster, South Yorkshire, DN5 7XS
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	David Dean	Date of Birth	02/07/1966
Officers Title	Mr	Nationality	British
Present Appointments	10	Function	Director
Appointment Date	12/02/2009
Address	5 Kestrel Drive, Adwick Le Street, Doncaster, South Yorkshire, DN6 7UW
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Current Company Secretary

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
EDWARD DALY	GBP	50	ORDINARY	1	50
DAVID DEAN	GBP	50	ORDINARY	1	50

Profit & Loss

	Date Of Accounts	27/02/13	(%)	29/02/12	(%)	28/02/11	(%)	28/02/10	(%)	-
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	-
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	-
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	-
	Turnover	-	-	-	-	-	-	-	-	-
	Export	-	-	-	-	-	-	-	-	-
	Cost of Sales	-	-	-	-	-	-	-	-	-
	Gross Profit	-	-	-	-	-	-	-	-	-
	Wages & Salaries	-	-	-	-	-	-	-	-	-
	Directors Emoluments	-	-	-	-	-	-	-	-	-
	Operating Profit	-	-	-	-	-	-	-	-	-
	Depreciation	£14,430	640.4%	£1,949	214.4%	£620	-28.7%	£870	-	-
	Audit Fees	-	-	-	-	-	-	-	-	-
	Interest Payments	-	-	-	-	-	-	-	-	-
	Pre Tax Profit	-	-	-	-	-	-	-	-	-
	Taxation	-	-	-	-	-	-	-	-	-
	Profit After Tax	-	-	-	-	-	-	-	-	-
	Dividends Payable	-	-	-	-	-	-	-	-	-
	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	27/02/13	(%)	29/02/12	(%)	28/02/11	(%)	28/02/10	(%)	-
	Tangible Assets	£120,197	389.5%	£24,556	198.7%	£8,220	66.7%	£4,930	-	-
	Intangible Assets	0	-	0	-	0	-	0	-	-
	Total Fixed Assets	£120,197	389.5%	£24,556	198.7%	£8,220	66.7%	£4,930	-	-
	Stock	£1,533,032	120%	£696,706	194.3%	£236,700	172%	£87,035	-	-
	Trade Debtors	£23,087	-77%	£100,240	57.3%	£63,706	-56.4%	£145,985	-	-
	Cash	£10,140	216.3%	£3,206	550.3%	£493	999.9%	£37	-	-
	Other Debtors	0	-	0	-	0	-	0	-	-
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	-
	Total Current Assets	£1,566,259	95.7%	£800,152	165.9%	£300,899	29.1%	£233,057	-	-
	Trade Creditors	£1,647,923	101.1%	£819,325	216.9%	£258,532	23.4%	£209,459	-	-
	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	-
	Other Short Term Finance	0	-	0	-	0	-	0	-	-
	Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	-
	Total Current Liabilities	£1,647,923	101.1%	£819,325	216.9%	£258,532	23.4%	£209,459	-	-
	Bank Loans & Overdrafts and LTL	£35,830	761.1%	£4,161	307.1%	£1,022	-1.3%	£1,035	-	-
	Other Long Term Finance	0	-	0	-	0	-	0	-	-
	Total Long Term Liabilities	£35,830	761.1%	£4,161	307.1%	£1,022	-1.3%	£1,035	-	-

Capital & Reserves

	Date Of Accounts	27/02/13	(%)	29/02/12	(%)	28/02/11	(%)	28/02/10	(%)	-
	Called Up Share Capital	£100	-	£100	-	£100	-	£100	-	-
	P & L Account Reserve	£2,603	132%	£1,122	-97.7%	£49,465	80.6%	£27,393	-	-
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	-	-	-	-	-	-	-	-	-
	Shareholder Funds	£2,703	121.2%	£1,222	-97.5%	£49,565	80.3%	£27,493	-	-

Other Financial Items

	Date Of Accounts	27/02/13	(%)	29/02/12	(%)	28/02/11	(%)	28/02/10	(%)	-
	Net Worth	£2,703	121.2%	£1,222	-97.5%	£49,565	80.3%	£27,493	-	-
	Working Capital	-£81,664	-325.9%	-£19,173	-145.3%	£42,367	79.5%	£23,598	-	-
	Total Assets	£1,686,456	104.5%	£824,708	166.8%	£309,119	29.9%	£237,987	-	-
	Total Liabilities	£1,683,753	104.5%	£823,486	217.3%	£259,554	23.3%	£210,494	-	-
	Net Assets	£2,703	121.2%	£1,222	-97.5%	£49,565	80.3%	£27,493	-	-

Miscellaneous

	Date Of Accounts	27/02/13	(%)	29/02/12	(%)	28/02/11	(%)	28/02/10	(%)	-
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	-
	Capital Employed	£38,533	615.8%	£5,383	-89.4%	£50,587	77.3%	£28,528	-	-
	Number of Employees	-	-	-	-	-	-	-	-	-
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	27/02/13	29/02/12	28/02/11	28/02/10	-
	Pre-tax profit margin %	-	-	-	-	-
	Current ratio	0.95	0.98	1.16	1.11	-
	Sales/Net Working Capital	-	-	-	-	-
	Gearing %	1325.60	340.50	2.10	3.80	-
	Equity in %	0.20	0.10	16	11.60	-
	Creditor Days	-	-	-	-	-
	Debtor Days	-	-	-	-	-
	Liquidity/Acid Test	0.02	0.12	0.24	0.69	-
	Return On Capital Employed %	-	-	-	-	-
	Return On Total Assets Employed %	-	-	-	-	-
	Current Debt Ratio	609.66	670.47	5.21	7.61	-
	Total Debt Ratio	622.92	673.88	5.23	7.65	-
	Stock Turnover Ratio %	-	-	-	-	-
	Return on Net Assets Employed %	-	-	-	-	-

Date	Description
02/04/2014	Case was adjourned
04/03/2014	Case was adjourned
19/02/2014	Petitions Winding-Up (Gazette)

Event History

Date	Description
03/03/2014	New Accounts Filed
28/02/2014	Annual Returns
29/11/2013	Change in Reg.Office
29/11/2013	Change of Company Postcode
08/07/2013	New Accounts Filed
23/03/2013	Annual Returns
03/04/2012	New Accounts Filed
17/02/2012	Annual Returns
17/05/2011	Annual Returns
11/11/2010	New Accounts Filed
14/04/2010	Annual Returns
16/02/2009	Change of Name
16/02/2009	Change in Reg.Office
16/02/2009	Change of Company Postcode
16/02/2009	New Board Member Mr D. Dean appointed

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group structure

No group structure

Statistics

Group	0 companies
Linkages	0 companies
Countries	In 0 countries

Exact CCJ Details

Date	Court	Amount	Status	Case Number	Date Paid
19/03/2014	NORTHAMPTON CCBC	£10,614	Judgement	3QZ26332	-
04/12/2013	NORTHAMPTON CCMCC	£14,635	Judgement	3YM57390	-
12/09/2013	NORTHAMPTON CCBC	£3,691	Satisfied	3XJ17433	18/10/2013
10/09/2013	NORTHAMPTON CCBC	£7,386	Satisfied	3QT74561	31/10/2013
19/11/2012	NORTHAMPTON CCBC	£7,048	Satisfied	2QR77394	20/12/2012
06/09/2012	NORTHAMPTON CCBC	£897	Satisfied	2QG68641	11/10/2012
23/08/2012	NORTHAMPTON CCBC	£3,136	Satisfied	2QR76839	24/09/2012

Possible CCJs Details

There are no possible CCJ details

Writ Details

Mortgage Details

Mortgage Type:
Date Charge Created:	24/03/14
Date Charge Registered:	24/03/14
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	TREEGRANGE LIMITED AS NOMINEE OF THE TRUSTEES OF THE RIVERSIDE HEALTHCARE REMUNERATION TRUST;
Amount Secured:
Details:	A FIXED CHARGE OVER ALL THE INTELLECTUAL PROPERTY OF THE COMPANY.CONTAINS FIXEDCHARGE.CONTAINS FLOATING CHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE.

Mortgage Type:
Date Charge Created:	22/05/13
Date Charge Registered:	30/10/13
Date Charge Satisfied:	-
Status:	SATISFIED
Person(s) Entitled:	BIBBY FINANCIAL SERVICES LIMITED (AS SECURITY TRUSTEE);
Amount Secured:
Details:	CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE.

Mortgage Type:	MORTGAGE OF CHATTELS
Date Charge Created:	19/03/13
Date Charge Registered:	22/03/13
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	REWARD CAPITAL LLP
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:	BY WAY OF LEGAL MORTGAGE THE ASSETS BEING ASSET NO 1, DOSCO LH1400 ROADHEADER BY WAY OF LEGAL CHARGEALL RIGHTS IN EACHINSURANCE POLICY INCLUDING THE PROCEEDSOF ANY CLAIMS, THE BENEFIT OF EACH RELEVANT AGREEMENT AND THE BENEFIT OF ALL OTHER CONTRACTS GUARANTEES APPOINTMENTS WARRANTIES RELATING TO THE ASSETS SEE IMAGE FOR FULL DETAILS

Mortgage Type:	DEBENTURE
Date Charge Created:	30/01/13
Date Charge Registered:	07/02/13
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	REWARD CAPITAL LLP
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, FIXED PLANT & MACHINERY SEE IMAGE FOR FULL DETAILS

Mortgage Type:	MORTGAGE OF CHATTELS
Date Charge Created:	30/01/13
Date Charge Registered:	02/02/13
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	REWARD CAPITAL LLP
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:	THE ASSETS BEING DOSCO SB400U TBM BOOM IN SHIELD TUNNELLING MACHINE,VOEST ALPINE AM100 ROAD HEADER,WEBSTER CL2000 CUTTER LOADER (FOR FURTHER DETAILS OF ASSETS CHARGED PLEASE REFR TO FORM MG01) ALL ITSRIGHTS IN EACH INSURANCE POLICY,INCLDUING THE PROCEEDS OF ANY CLAIMS UNDER ANYINSURANCE POLICY,THEBENEFIT OF EACH OFEACH RELEVANT AGREEMENT SEE IMAGE FOR FULL DETAILS

Mortgage Type:	DEBENTURE
Date Charge Created:	19/01/12
Date Charge Registered:	20/01/12
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	ATHOLL MCGREGOR TAYLOR AND RACHEL MARY LOMAS
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ALL THE ASSETS AND UNDERTAKING

Mortgage Type:	DEBENTURE
Date Charge Created:	03/11/11
Date Charge Registered:	09/11/11
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	MEL FARRAR
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXEDPLANT & MACHINERY SEE IMAGE FOR FULL DETAILS

Mortgage Type:	DEBENTURE
Date Charge Created:	10/06/11
Date Charge Registered:	25/06/11
Date Charge Satisfied:	24/09/11
Status:	SATISFIED
Person(s) Entitled:	MEL FARRAR
Amount Secured:
Details:	THE GOODWILL AND UNCALLED CAPITAL, FIXED PLANT AND EQUIPMENT AND BY WAY OF FIRST FLOATING CHARGE ALLTHOSE ASSETS WHICHARE NOT CHARGED BY WAY OF FIXED CHARGE SEE IMAGE FOR FULL DETAILS

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	£518.13
Invoices available	33
Paid	28
Outstanding	5

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	0	0	1	5	22
Outstanding	0	3	2	0	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.38
UK Pound	1	Rs.101.63
Euro	1	Rs.83.57

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%)

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.