MIRA INFORM REPORT

Report Date :

21.06.2014

IDENTIFICATION DETAILS

Name :	HI TECH ACCESS COVERS LIMITED

Formerly Known As :	WREKIN FABRICATIONS LIMITED

Registered Office :	C/O Paul Shaw Duncote Mill Walcot Telford Shropshire TF6 5ER

Country :	United Kingdom

Financials (as on) :	30.09.2012

Date of Incorporation :	27.11.1995

Com. Reg. No.:	03130910

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
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

Company name and address

HI TECH ACCESS COVERS LIMITED

Company No : 03130910

Registered Address C/O PAUL SHAW DUNCOTE

MILL WALCOT TELFORD

SHROPSHIRE TF6 5ER

Company Summary

Registered Address C/O PAUL SHAW DUNCOTE

MILL WALCOT TELFORD

SHROPSHIRE TF6 5ER

Trading Address

Duncote Mill

Walcot Telford

Shropshire TF6 5ER

Telephone Number 01952740222

Website Address http://www.hit.ech-covers.com

TPS Yes

Incorporation Date 27/1 1/1 995

Previous Name WREKIN FABRICATIONS LIMITED

Date of Change 05/08/2011

Currency GBP

TYPE Private limited with Share Capital

Principal Activity MANUFACTURE OF OTHER FABRICATED METAL PRODUCTS

DIRECTORS/MANAGEMENT

Total Current Directors	2
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	7

Current Directors

Name	Stephen Donald Reynolds	Date of Birth	11/07/1954
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	27/11/1995
Address	7 Goldcrest Grove, Apley, Telford, Salop, TF1 6TA
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Paul Shaw	Date of Birth	06/10/1962
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	02/04/2009
Address	62 Sandown Road, Toton, Nottingham, Nottinghamshire, NG9 6JW
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Current Company Secretary

Name	Paul Shaw	Date of Birth	-
Officers Title	Mr	Nationality
Present Appointments	1	Function	Company Secretary
Appointment Date	03/10/2011
Address	Duncote Mill Walcot, Telford, Shropshire, TF6 5ER

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Stephen Donald Reynolds	2	5
Kathleen Ann Reynolds	0	1
Lesley Walker	6	10
Lesley Walker	6	10
Stanley Turner	8	10
WATERLOW NOMINEES LIMITED	3006	104287
WATERLOW SECRETARIES LIMITED	3103	107209

NEGATIVE INFORMATION

Mortgage Summary

Total Mortgage

Outstanding

Satisfied

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

Mortgage Details

Mortgage Type:	ALL ASSETS DEBENTURE
Date Charge Created:	05/12/11
Date Charge Registered:	09/12/11
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	LLOYDS TSB COMMERCIAL FINANCE LIMITED
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, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY

Mortgage Type:	SINGLE DEBENTURE
Date Charge Created:	27/12/95
Date Charge Registered:	03/01/96
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	LLOYDS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
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

SHARE & SHARE CAPITAL INFORMATION

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
HILAN ENGINEERING LTD	GBP	14,542	ORDINARY	1	59.76
PAUL SHAW	GBP	7,271	ORDINARY	1	29.88
MR S.D. REYNOLDS	GBP	2,423	ORDINARY	1	9.96
HILAN ENGINEERING LTD	GBP	100	ORDINARY B	1	0.41

PAYMENT INFORMATION

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade

Total Value of Documented Trade

£18,672

Trade Payment Information

Average Invoice Value	589.34
Invoices available	13
Paid	11
Outstanding	2

Creditor Details

	Total Number	Total Value
Trade Creditors	0	-

No Creditor Data

Trade Debtors / Bad Debt Detail

	Total Number of Documented Trade	Total Value of Documented Trade
Trade Debtors	1	£18,672

Company Name	Amount	Statement Date
Civils Drainage Supplies Ltd	£18,672	19/12/2012

Average Invoice Value	£589.34
Invoices available	13
Paid	11
Outstanding	2

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	1	7	3	0	0
Outstanding	0	2	0	0	0

GROUP STRUCTURE & AFFILIATED COMPANIES

Group structure

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
HILAN ENGINEERING LIMITED	06610244	30.06.2013	N
HI TECH ACCESS COVERS...	03130910	30.09.2012	N

Statistics

Group	2 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	HILAN ENGINEERING LIMITED
Ownership Status	Intermediately Owned
Ultimate Holding Company	HILAN ENGINEERING LIMITED

FINANCIAL INFORMATION

Profit & Loss

Date Of Accounts	30/09/12	(%)	30/09/11	(%)	30/09/10	(%)	30/09/09	(%)	30/11/08
Weeks	52	(%)	52	(%)	52	(%)	43	(%)	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	£9,972	1%	£9,876	-3.3%	£10,215	-2.8%	£10,512	-32.8%	£15,636
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	-	-	-
Taxation	-	-	-	-	-	-	-	-	-
Profit After Tax	-	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

Date Of Accounts	30/09/12	(%)	30/09/11	(%)	30/09/10	(%)	30/09/09	(%)	30/11/08
Tangible Assets	£41,514	5.5%	£39,358	-31.3%	£57,311	-8.2%	£62,464	1.1%	£61,812
Intangible Assets	0	-	0	-	0	-	0	-	0
Total Fixed Assets	£41,514	5.5%	£39,358	-31.3%	£57,311	-8.2%	£62,464	1.1%	£61,812
Stock	£126,523	-1.6%	£128,565	53.8%	£83,616	101.2%	£41,560	-39.9%	£69,150
Trade Debtors	£423,944	44.3%	£293,776	40.9%	£208,549	102.5%	£102,994	-59.3%	£253,076
Cash	£70,459	-	0	-	0	-100%	£75	-	£75
Other Debtors	0	-	0	-	0	-	0	-	0
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	£620,926	47%	£422,341	44.6%	£292,165	102%	£144,629	-55.1%	£322,301
Trade Creditors	£517,556	68.5%	£307,164	-4.2%	£320,470	80.9%	£177,167	-37%	£281,311
Bank Loans & Overdrafts	0	-100%	£18,462	37.6%	£13,419	999.9%	£959	-	0
Other Short Term Finance	0	-100%	£633	-83.3%	£3,800	-	£3,800	-	0
Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	0
Total Current Liabilities	£517,556	58.6%	£326,259	-3.4%	£337,689	85.6%	£181,926	-35.3%	£281,311
Bank Loans & Overdrafts and LTL	£115,000	-13.8%	£133,462	849.8%	£14,052	119.8%	£6,392	-89.3%	£59,790
Other Long Term Finance	0	-	0	-100%	£633	-85.7%	£4,433	-	0
Total Long Term Liabilities	£115,000	-	£115,000	999.9%	£633	-88.3%	£5,433	-90.9%	£59,790

Capital & Reserves

Date Of Accounts	30/09/12	(%)	30/09/11	(%)	30/09/10	(%)	30/09/09	(%)	30/11/08
Called Up Share Capital	£24,336	-	£24,336	-	£24,336	-	£24,336	-	£24,336
P & L Account Reserve	£5,548	242.4%	-£3,896	70.4%	-£13,182	-186.4%	-£4,602	-124.6%	£18,676
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	£29,884	46.2%	£20,440	83.3%	£11,154	-43.5%	£19,734	-54.1%	£43,012

Other Financial Items

Date Of Accounts	30/09/12	(%)	30/09/11	(%)	30/09/10	(%)	30/09/09	(%)	30/11/08
Net Worth	£29,884	46.2%	£20,440	83.3%	£11,154	-43.5%	£19,734	-54.1%	£43,012
Working Capital	£103,370	7.6%	£96,082	311.1%	-£45,524	-22.1%	-£37,297	-191%	£40,990
Total Assets	£662,440	43.5%	£461,699	32.1%	£349,476	68.8%	£207,093	-46.1%	£384,113
Total Liabilities	£632,556	43.4%	£441,259	30.4%	£338,322	80.6%	£187,359	-45.1%	£341,101
Net Assets	£29,884	46.2%	£20,440	83.3%	£11,154	-43.5%	£19,734	-54.1%	£43,012

Miscellaneous

Date Of Accounts	30/09/12	(%)	30/09/11	(%)	30/09/10	(%)	30/09/09	(%)	30/11/08
Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
Capital Employed	£144,884	7%	£135,440	999.9%	£11,787	-53.2%	£25,167	-75.5%	£102,802
Number of Employees	-	-	-	-	-	-	-	-	-
Auditors	TURNER PEACHEY
Auditor Comments	The audit report contains no adverse comments
Bankers	LLOYDS TSB BANK PLC
Bank Branch Code

Ratios

Date Of Accounts	30/09/12	30/09/11	30/09/10	30/09/09	30/11/08
Pre-tax profit margin %	-	-	-	-	-
Current ratio	1.20	1.29	0.87	0.79	1.15
Sales/Net Working Capital	-	-	-	-	-
Gearing %	384.80	652.90	126	32.40	139
Equity in %	4.50	4.40	3.20	9.50	11.20
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	0.95	0.90	0.61	0.56	0.89
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	17.31	15.96	30.27	9.21	6.54
Total Debt Ratio	21.16	21.58	30.33	9.49	7.93
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	-	-	-	-	-

FOREIGN EXCHANGE RATES

ADDITIONAL INFORMATION

Commentary

No exact match CCJs are recorded against the company.
There has been no significant change in the company's credit rating.
There is insufficient data to indicate a change in this company's percentage of sales.
Net Worth increased by 46.2% during the latest trading period.

A 43.5% 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 audit report contains no adverse comments.
No recent changes in directorship are recorded.
The company is 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 has changed its registered name recently.
The company was established over 18 years ago.

Enquiries Trend

The last enquiry date was 02/05/2014

There have been 19 enquiries in the last 12 months.

There are an average of 2 reports taken each month

	3 MONTHS	6 MONTHS	9 MONTHS
Enquiries	1	4	8

Status History

No Status History found

Event History

Date	Description
23/12/2013	Annual Returns
08/08/2013	New Accounts Filed
08/08/2013	New Accounts Filed
05/12/2012	Annual Returns
11/04/2012	New Accounts Filed
16/12/2011	Annual Returns
06/10/2011	Change in Reg.Office
06/10/2011	Change of Company Postcode
06/10/2011	Mr S. Turner has left the board
06/10/2011	Ms L. Walker has resigned as company secretary
06/10/2011	Ms L. Walker has left the board
06/10/2011	New Company Secretary Mr P. Shaw appointed
09/08/2011	Change of Name
16/05/2011	New Accounts Filed
16/05/2011	New Accounts Filed

Previous Company Names

Date	Previous Name
05/08/2011	WREKIN FABRICATIONS LIMITED

NOTES & COMMENTS

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.28
UK Pound	1	Rs.102.77
Euro	1	Rs.82.12

INFORMATION DETAILS

Analysis Done by :	RAS

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.