MIRA INFORM REPORT

Report Date :

03.07.2014

IDENTIFICATION DETAILS

Name :	STEPHEN LEYLAND LIMITED

Registered Office :	Castings House Quarry Heights Newtownards BT23 7SZ

Country :	United Kingdom

Financials (as on) :	31.03.2013

Date of Incorporation :	16.01.2007

Com. Reg. No.:	NI062674

Legal Form :	Private limited with Share Capital

Line of Business :	Manufacture of other fabricated metal products

No. of Employees	Not Available

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 :	Slow
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

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

Company Name:	STEPHEN LEYLAND LIMITED
Company Number:	NI062674

Company summary

Registered Address	CASTINGS HOUSE	Trading Address	Castings House
	QUARRY HEIGHTS		195 Quarry Heights
	NEWTOWNARDS		Newtownards
	BT23 7SZ		County Down
			BT23 7SZ
Website Address	-	Telephone Number	02891822522
FPS	No	TPS	Yes
Incorporate Date	16/01/2007
Type	Private limited with Share Capital	Previous Name	--
FTSE Index	-	Date of Change	--
Filing Date of Accounts	13/12/2013	Currency	GBP
Share Capital	£1
SIC07	25990	Charity Number	-
SIC07 Description	MANUFACTURE OF OTHER FABRICATED METAL PRODUCTS N.E.C.

DIRECTORS/MANAGEMENT

Current Directors

Name	Stephen Leyland	Date of Birth	12/04/1953
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	16/01/2007
Address	Glendarragh, 79 Ballymoney Road, Craigavad Holywood, Co Down, BT18 0JJ
Other Actions	View Director Report	View Consumer Report

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Dorothy May Kane	469	10734

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

No CCJs found

Possible CCJs Details

There are no possible CCJ details

Writ Details

No writs found

SHARE & SHARE CAPITAL INFORMATION

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
STEPHEN CHARLES LEYLAND	GBP	1	ORDINARY	1	100

PAYMENT INFORMATION

Mortgage Summary

Total Mortgage	0
Outstanding	0
Satisfies	0

Trade Debtors/Bad Debts Summary

Total Number of Documented Trade	0
Total Value of Documented Trade	£0

Average Invoice Value	£834.04
Invoices available	78
Paid	76
Outstanding	2

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

Enquiries Trend

There have been 12 enquiries in the last 12 months.

There are an average of 1 reports taken each month.

	3 MONTHS	6 MONTHS	9 MONTHS
Enquiries	1	5	10

	Within Terms	0-30 Days	31-60 Days	61-90 Days	91+ Days
Paid	22	53	1	0	0
Outstanding	0	1	0	0	1

GROUP STRUCTURE & AFFILIATED COMPANIES

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group structure

No group structure

FINANCIAL INFORMATION

Year to Date	Turnover	Pre Tax Profit	Shareholders	Funds Employees
31/03/2013	-	-	£57,530	-
31/03/2012	-	-	£57,108	-
31/03/2011	-	-	£58,032	-

Profit & Loss

Date Of Accounts	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	31/03/10	(%)	31/03/09
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	£2,006	-	£2,006	-	£2,006	-	£2,006	-	£2,006
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	-	-	-
Taxation	-	-	-	-	-	-	-	-	-
Profit After Tax	-	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

Date Of Accounts	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	31/03/10	(%)	31/03/09
Tangible Assets	£283	-87.6%	£2,289	-46.7%	£4,295	-31.8%	£6,301	-21.5%	£8,026
Intangible Assets	£120,000	-20%	£150,000	-16.7%	£180,000	-14.3%	£210,000	-12.5%	£240,000
Total Fixed Assets	£120,283	-21%	£152,289	-17.4%	£184,295	-14.8%	£216,301	-12.8%	£248,026
Stock	£31,010	2.1%	£30,370	-28.4%	£42,420	-8.8%	£46,520	-3.2%	£48,060
Trade Debtors	£272,948	-0.1%	£273,265	38.4%	£197,452	1.6%	£194,335	-16.3%	£232,108
Cash	£366,412	12.7%	£325,121	-51%	£663,832	-1.4%	£673,243	49.1%	£451,662
Other Debtors	0	-	0	-	0	-	0	-	0
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	£670,370	6.6%	£628,756	-30.4%	£903,704	-1.1%	£914,098	24.9%	£731,830
Trade Creditors	£733,123	1.3%	£723,937	-29.7%	£1,029,967	-1.1%	£1,041,408	19.1%	£874,523
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	£733,123	1.3%	£723,937	-29.7%	£1,029,967	-1.1%	£1,041,408	19.1%	£874,523
Bank Loans & Overdrafts and LTL	0	-	0	-	0	-	0	-100%	£106
Other Long Term Finance	0	-	0	-	0	-	0	-	0
Total Long Term Liabilities	0	-	0	-	0	-	0	-100%	£106

Capital & Reserves

Date Of Accounts	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	31/03/10	(%)	31/03/09
Called Up Share Capital	£1	-	£1	-	£1	-	£1	-	£1
P & L Account Reserve	£57,529	0.7%	£57,107	-1.6%	£58,031	-34.8%	£88,990	-15.4%	£105,226
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	£57,530	0.7%	£57,108	-1.6%	£58,032	-34.8%	£88,991	-15.4%	£105,227

Other Financial Items

Date Of Accounts	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	31/03/10	(%)	31/03/09
Net Worth	-£62,470	32.7%	-£92,892	23.8%	-£121,968	-0.8%	-£121,009	10.2%	-£134,773
Working Capital	-£62,753	34.1%	-£95,181	24.6%	-£126,263	0.8%	-£127,310	10.8%	-£142,693
Total Assets	£790,653	1.2%	£781,045	-28.2%	£1,087,999	-3.8%	£1,130,399	15.4%	£979,856
Total Liabilities	£733,123	1.3%	£723,937	-29.7%	£1,029,967	-1.1%	£1,041,408	19.1%	£874,629
Net Assets	£57,530	0.7%	£57,108	-1.6%	£58,032	-34.8%	£88,991	-15.4%	£105,227

Miscellaneous

Date Of Accounts	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	31/03/10	(%)	31/03/09
Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
Capital Employed	£57,530	0.7%	£57,108	-1.6%	£58,032	-34.8%	£88,991	-15.5%	£105,333

Ratios

Date Of Accounts	31/03/13	31/03/12	31/03/11	31/03/10	31/03/09
Pre-tax profit margin %	-	-	-	-	-
Current ratio	0.91	0.87	0.88	0.88	0.84
Sales/Net Working Capital	-	-	-	-	-
Gearing %	0	0	0	0	0.10
Equity in %	8.60	9	6.40	9.70	14.20
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	0.87	0.82	0.83	0.83	0.78
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	12.74	12.67	17.74	11.70	8.31
Total Debt Ratio	12.74	12.67	17.74	11.70	8.31
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	-	-	-	-	-

FOREIGN EXCHANGE RATES

N/a

ADDITIONAL INFORMATION

Current Company Secretary

Name	Gareth Leyland	Date of Birth	-
Officers Title	Mr	Nationality
Present Appointments	1	Function	Company Secretary
Appointment Date	16/01/2007
Address	Glendarragh, 79 Ballymoney Road, Craigavad, Holywood, BT18 0JJ

Number of Employees	-	-	-	-	-	-	-	-	-
Auditors
Auditor Comments	The company is exempt from audit
Bankers
Bank Branch Code

Status History

No Status History found

Event History

Date	Description
18/01/2014	Annual Returns
20/12/2013	New Accounts Filed
26/01/2013	Annual Returns
28/12/2012	New Accounts Filed
30/06/2012	New Accounts Filed
17/01/2012	Annual Returns
23/12/2011	New Accounts Filed
05/03/2011	Annual Returns
14/12/2010	New Accounts Filed
23/02/2010	New Accounts Filed
03/02/2010	Annual Returns
09/10/2009	New Company Secretary Mr G. Leyland appointed
09/10/2009	New Board Member Mr S. Leyland appointed
08/10/2009	Change in Reg. Office
26/02/2009	Annual Returns

Previous Company Names

No Previous Names found

NOTES & COMMENTS

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 32.7% during the latest trading period.

A 1.2% 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 an increase in their Cash Balance of 12.7% 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 made a profit after tax and other appropriations, including dividends.
The company was established over 7 years ago.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.59.97
UK Pound	1	Rs.102.90
Euro	1	Rs.82.02

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