MIRA INFORM REPORT

Report Date :

18.12.2014

IDENTIFICATION DETAILS

Name :	OPUS TECHNICAL LIMITED
Registered Office :	Melville House Melville Road, Hurdsfield, Macclesfield, Cheshire, Sk10 2bn
Country :	United Kingdom
Financials (as on) :	30.04.2013
Date of Incorporation :	24.04.2012
Com. Reg. No.:	08044242
Legal Form :	Private limited with Share Capital
Line of Business :	· Engaged in Design, manufacture and installation of Flexible and Rigid Foam Machines for the Global Polyurethane Foam Industry · Subject product ranges includes Conventional, Maxfoam, Vertifoam, Ultima and Variable Pressure Foaming VPF as well as Rigid Foam Laminators and Slabstock machines, Flat Topping Systems, Bulk Tank Farm Equipment and Liquid Carbon Dioxide Systems.
No of Employees :	Not Available [We tried to confirm the number of employees but no one is ready to part any information from the company management.]

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Slow but Correct
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 – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
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 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 identification

OPUS TECHNICAL LIMITED	Telephone	+44 016 2561 6424
MELVILLE HOUSE MELVILLE ROAD	Fax	-
HURDSFIELD	Website	www.beamech.com
MACCLESFIELD
CHESHIRE
SK10 2BN
United Kingdom

Company Number: 08044242

Foundation: 24/04/2012

Status: Active - Accounts Filed

Comments

No exact match CCJs are recorded against the company. The company's credit rating has increased from 16 to 37 which indicates it is creditworthy.

There is insufficient data to indicate a change in this company's percentage of sales. There is insufficient data to indicate a change in this company's pre-tax profit. The company is exempt from audit. No recent changes in directorship are recorded. The company is not part of a group. The company has changed its registered address recently. The company was established over 2 years ago.

Basic information

Legal form

Private limited with Share Capital

Foundation

24/04/2012

Company No.

08044242

Shareholders

Name	Currency	Number of shares	Share type	Nominal value
JAMES BRIAN BLACKWELL	GBP	50	ORDINARY C	1
JOHN JAMES BLACKWELL	GBP	50	ORDINARY B	1
STEPHEN WILLIAM BLACKWELL	GBP	50	ORDINARY A	1
Total Share Capital				GBP 150

Management

Directors
Name	Address:	Date of birth	Nationality	Appointment date
Mr James Brian Blackwell	123 Wellington Road South, Stockport, Cheshire SK1 3TH	05/10/1928	British	24/04/2012
Mr John James Blackwell	123 Wellington Road South, Stockport, Cheshire SK1 3TH	28/06/1967	British	24/04/2012
Mr Stephen William Blackwell	123 Wellington Road South, Stockport, Cheshire SK1 3TH	14/12/1959	British	24/04/2012

Secretary

No Secretary appointed

Other Known Addresses

Melville House Melville Road, Hurdsfield, Macclesfield, Cheshire SK10 2BN

Business activities

Main Activity

· Engaged in Design, manufacture and installation of Flexible and Rigid Foam Machines for the Global Polyurethane Foam Industry

· Subject product ranges includes Conventional, Maxfoam, Vertifoam, Ultima and Variable Pressure Foaming VPF as well as Rigid Foam Laminators and Slabstock machines, Flat Topping Systems, Bulk Tank Farm Equipment and Liquid Carbon Dioxide Systems.

Economic data

Turnover and Employees

Date of Accounts Turnover Employees

30/04/2013 Not Stated Not Stated

Supplementary data

Events

Company history
Date	Action
26/04/2012	New Board Member Mr J.B. Blackwell appointed
26/04/2012	New Board Member Mr J.J. Blackwell appointed
26/04/2012	New Board Member Mr S.W. Blackwell appointed
04/05/2012	New Board Member Mr S.W. Blackwell appointed
04/05/2012	New Board Member Mr J.J. Blackwell appointed
04/05/2012	New Board Member Mr J.B. Blackwell appointed
17/05/2012	Change in Reg.Office
17/05/2012	Change of Company Postcode
15/05/2013	Annual Returns
16/10/2013	New Accounts Filed
02/05/2014	Annual Returns

County Court Judgments

(CCJs)

There are no County Court Judgments listed against this company

Accounts Profit & Loss

	30/04/2013 56 GBP Group: No
Turnover	0
-	-
Export	-
-	-
Cost of Sales	-
-	-
Gross Profit	-
-	-
Wages And Salaries	0
-	-
Directors Emoluments	-
-	-
Operating Profit	-
-	-
Depreciation	1,044
-	-
Audit Fees	0
-	-
Interests Payments	-
-	-
Pre Tax Profit	0
-	-
Taxation	-
-	-
Profit After Tax	-
-	-
Dividends Payable	-
-	-
Retained Profit	-

Balance Sheet

	30/04/2013 56 GBP Group: No
Tangible Assets	2,868
Intangible Assets	0
Total Fixed Assets	2,868
Stock	3,481
Trade Debtors	45,510
Cash	34,857
Other Debtors	0
Miscellaneous Current Assets	0
Total Current Assets	83,848
Trade Creditors	60,933
Bank Loans and Overdraft	0
Other Short Term Finance	0
Miscellaneous Current Liabilities	0
Total Current Liabilities	60,933
Bank Loans and Overdrafts LTL	574
Other Long Term Finance	0
Total Long Term Liabilities	574

Capital & Reserves

	30/04/2013 56 GBP Group: No
Called Up Share Capital	150
P and L Account Reserve	25,059
Revaluation Reserve	0
Sundry Reserves	0
Shareholders Funds	25,209

Other Financial Items

	30/04/2013 56 GBP Group: No
Net Worth	25,209
Working Capital	22,915
Total Assets	86,716
Total Liabilities	61,507
Net Assets	25,209

Cash Flow

	30/04/2013 56 GBP Group: No
Net Cash Flow from Operations	0
Net Cash Flow before Financing	0
Net Cash Flow from Financing	0
Increase in Cash	0

Miscellaneous

	30/04/2013 56 GBP Group: No
Capital Employed	25,783

Financial Ratios

Name	30/04/2013
Pre Tax Profit Margin	0.0%
Current Ration	1.38
Sales or Net Working Capital	0.00
Gearing	2.28 %
Equity	29.07 %
Creditor Days	0.00
Debtor Days	0.00
Liquidity or Acid test	1.31
Return on Capital Employed	0.0%
Return on Total Assets Employed	0.0%
Current Debt Ratio	2.41 %
Total Debt Ratio	2.43 %
Stock Turnover Ratio	0.0%
Return on Net Assets Employed	0.0%

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.58
UK Pound	1	Rs.99.98
Euro	1	Rs.79.39

INFORMATION DETAILS

Analysis Done by :	RAS
Report Prepared by :	MNL

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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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.