MIRA INFORM REPORT

Report Date :

05.06.2014

IDENTIFICATION DETAILS

Name :	JMJ BULK PACKAGING LIMITED

Registered Office :	Hwca Ltd, Hamilton Office Park, 31 High View Close, Le4 9lj

Country :	United Kingdom

Financials (as on) :	31.10.2013

Date of Incorporation :	11.04.1994

Com. Reg. No.:	02917694

Legal Form :	Private limited with Share Capital

Line of Business :	Engaged in supplying a diverse range of types, styles, colours & configurations of FIBC's (Bulk Bags), each bag designed and manufactured for the specific client application in the most appropriate locations and environments. Subject product rages includes: · Bulk Bags For The Waste Industry · Bulk Bags For The Recycling Industry · Builders Bulk Bags For The Construction Industry · Bulk Bags For The Food Production & Catering Industry · Fibc Bulk Bags For Asbestos And Hazardous Materials · Bulk Bags For Liquids

No of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

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

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

Company Name:	JMJ BULK PACKAGING LIMITED
Company Number:	02917694

Registered Address	HWCA LTD	Trading Address	16 Earlstrees Road,
	HAMILTON OFFICE PARK		Earlstrees Industrial Estate, Corby,
	31 HIGH VIEW CLOSE		Northamptonshire, England,
	LE4 9LJ		NN17 4AZ
Website Address	http://www.packaging.uk.com
Telephone Number	+44 (0) 845 217 1335	Fax Number	01536 261180
TPS		FPS	No
Incorporate Date	11/04/1994
Previous Name	---	Type	Private limited with Share Capital
Date of Change		FTSE Index	-
Currency	GBP	Filing Date of Accounts	29/01/2014
SIC07	82920	Share Capital	£100
Principal Activity
Engaged in supplying a diverse range of types, styles, colours & configurations of FIBC's (Bulk Bags), each bag designed and manufactured for the specific client application in the most appropriate locations and environments. Subject product rages includes: · Bulk Bags For The Waste Industry · Bulk Bags For The Recycling Industry · Builders Bulk Bags For The Construction Industry · Bulk Bags For The Food Production & Catering Industry · Fibc Bulk Bags For Asbestos And Hazardous Materials · Bulk Bags For Liquids

DIRECTORS/MANAGEMENT

Current Directors

Name	John Michael Batty	Date of Birth	24/02/1961
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	12/04/1994
Address	Roseneath, 21 Park Crescent, Peterborough, PE1 4DX

Name	Maria Fatima Batty	Date of Birth	13/05/1964
Officers Title	Ms	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	01/10/1999
Address	Roseneath, 21 Park Crescent, Peterborough, Cambridgeshire, PE1 4DX

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
LUFMER LIMITED	127	8076
SEMKEN LIMITED	134	8161

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
MR JOHN MICHAEL BATTY	GBP	50	ORDINARY	1	50
MRS MARIA FATIMA BATTY	GBP	50	ORDINARY	1	50

PAYMENT INFORMATION

Mortgage Details

Mortgage Type:	FIXED AND FLOATING CHARGE
Date Charge Created:	18/08/03
Date Charge Registered:	22/08/03
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	THE ROYAL BANK OF SCOTLAND COMMERCIAL SERVICES LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY

Mortgage Type:	FIXED AND FLOATING CHARGE
Date Charge Created:	21/10/02
Date Charge Registered:	29/10/02
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	THE ROYAL BANK OF SCOTLAND COMMERCIAL SERVICES LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVERUNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	RENT DEPOSIT DEED
Date Charge Created:	15/12/00
Date Charge Registered:	23/12/00
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	QUINSTOCK LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE RENTDEPOSIT DEED AND UNDER A LEASE OF EVEN DATE
Details:	THE AMOUNT FROM TIME TO TIME STANDING TO THE CREDIT OF THE DEPOSIT ACCOUNT UNDER THE RENT DEPOSIT DEED BEING AN INITIALSUM OF £38,000.00

GROUP STRUCTURE & AFFILIATED COMPANIES

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

FINANCIAL INFORMATION

Profit & Loss

Date Of Accounts	31/10/13	(%)	31/10/12	(%)	31/10/11	(%)	31/10/10	(%)	31/10/09
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	£4,871	-51.6%	£10,059	2.3%	£9,837	-49.2%	£19,357	30.7%	£14,815
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	-	-	-
Taxation	-	-	-	-	-	-	-	-	-
Profit After Tax	-	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

Date Of Accounts	31/10/13	(%)	31/10/12	(%)	31/10/11	(%)	31/10/10	(%)	31/10/09
Tangible Assets	£2,629	-61.2%	£6,768	-56.8%	£15,674	-38.6%	£25,511	79%	£14,251
Intangible Assets	0	-	0	-	0	-	0	-	0
Total Fixed Assets	£2,629	-61.2%	£6,768	-56.8%	£15,674	-38.6%	£25,511	79%	£14,251
Stock	£1,248,473	-16.7%	£1,498,030	1.3%	£1,478,098	131.3%	£638,971	-43.1%	£1,123,484
Trade Debtors	£1,774,275	34.8%	£1,316,322	-11.1%	£1,480,409	12.7%	£1,313,399	-3.7%	£1,364,318
Cash	£178,493	158.5%	£69,054	120.3%	£31,342	59.1%	£19,697	-52.3%	£41,325
Other Debtors	0	-	0	-100%	£98	-32.9%	£146	-	0
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	£3,201,241	11%	£2,883,406	-3.6%	£2,989,947	51.6%	£1,972,213	-22%	£2,529,127
Trade Creditors	£2,512,802	10.4%	£2,276,875	-6.7%	£2,439,184	60.7%	£1,517,707	-26.8%	£2,074,156
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	£2,512,802	10.4%	£2,276,875	-6.7%	£2,439,184	60.7%	£1,517,707	-26.8%	£2,074,156
Bank Loans & Overdrafts and LTL	0	-	0	-	0	-	0	-	0
Other Long Term Finance	0	-	0	-	0	-	0	-	0
Total Long Term Liabilities	0	-	0	-	0	-	0	-	0

Capital & Reserves

Date Of Accounts	31/10/13	(%)	31/10/12	(%)	31/10/11	(%)	31/10/10	(%)	31/10/09
Called Up Share Capital	£100	-	£100	-	£100	-	£100	-	£100
P & L Account Reserve	£690,968	12.7%	£613,199	8.3%	£566,337	18%	£479,917	2.3%	£469,122
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	£691,068	12.7%	£613,299	8.3%	£566,437	18%	£480,017	2.3%	£469,222

Other Financial Items

Date Of Accounts	31/10/13	(%)	31/10/12	(%)	31/10/11	(%)	31/10/10	(%)	31/10/09
Net Worth	£691,068	12.7%	£613,299	8.3%	£566,437	18%	£480,017	2.3%	£469,222
Working Capital	£688,439	13.5%	£606,531	10.1%	£550,763	21.2%	£454,506	-0.1%	£454,971
Total Assets	£3,203,870	10.9%	£2,890,174	-3.8%	£3,005,621	50.5%	£1,997,724	-21.5%	£2,543,378
Total Liabilities	£2,512,802	10.4%	£2,276,875	-6.7%	£2,439,184	60.7%	£1,517,707	-26.8%	£2,074,156
Net Assets	£691,068	12.7%	£613,299	8.3%	£566,437	18%	£480,017	2.3%	£469,222

Miscellaneous

Date Of Accounts	31/10/13	(%)	31/10/12	(%)	31/10/11	(%)	31/10/10	(%)	31/10/09
Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
Capital Employed	£691,068	12.7%	£613,299	8.3%	£566,437	18%	£480,017	2.3%	£469,222

Ratios

Date Of Accounts	31/10/13	31/10/12	31/10/11	31/10/10	31/10/09
Pre-tax profit margin %	-	-	-	-	-
Current ratio	1.27	1.27	1.23	1.30	1.22
Sales/Net Working Capital	-	-	-	-	-
Gearing %	0	0	0	0	0
Equity in %	21.60	21.20	18.80	24	18.40
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	0.77	0.60	0.61	0.87	0.67
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	3.63	3.71	4.30	3.16	4.42
Total Debt Ratio	3.63	3.71	4.30	3.16	4.42
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	-	-	-	-	-

Number of Employees	-	-	-	-	-	-	-	-	-
Auditors	HW LEICESTER LLP
Auditor Comments	The audit report contains no adverse comments
Bankers	NATIONAL WESTMINSTER BANK PLC

ADDITIONAL INFORMATION

Current Company Secretary

Name	Maria Fatima Batty	Date of Birth	13/05/1964
Officers Title	Ms.	Nationality	British
Present Appointments	2	Function	Company Secretary
Appointment Date	12/04/1994
Address	Roseneath, 21 Park Crescent, Peterborough, Cambridgeshire, PE1 4DX

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 12.7% during the latest trading period.

A 10.9% 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 158.5% during the latest trading period.
The audit report contains no adverse comments.
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 20 years ago.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.59.34
UK Pound	1	Rs.99.18
Euro	1	Rs.80.76

INFORMATION DETAILS

Analysis Done by :	SUB

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.