MIRA INFORM REPORT

Report Date :

23.05.2014

IDENTIFICATION DETAILS

Name :	WORLDWIDE STONES LIMITED
Registered Office :	1 Church Street, Wirksworth, Derbyshire. De4 4EY
Country :	United Kingdom
Financials (as on) :	31.03.2013
Date of Incorporation :	19.05.2010
Legal Form :	Private limited with Share Capital
Line of Business :	Agents Selling Agricultural Raw Materials, Livestock, Textile Raw Materials And Semi-Finished Goods
No of Employees :	Not Available

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
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, 2013

Country Name	Previous Rating (30.09.2013)	Current Rating (01.12.2013)
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

REGISTERED NAME & COMPANY SUMMARY

Company Name: WORLDWIDE STONES LIMITED

Company No : 07258719

Registered Address:

1 CHURCH STREET

WIRKSWORTH

DERBYSHIRE

DE4 4EY

Trading Address

1 Church Street

Wirksworth
Matlock
Derbyshire

Website Address -

Telephone Number -

Fax Number:

TPS -

FPS No:

Incorporation Date: 19/05/2010

Previous Name:

Type: Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts: 26/07/2013

Currency: GBP

Share Capital: £1

SIC07: 46110

SIC07 Description: AGENTS SELLING AGRICULTURAL RAW MATERIALS, LIVESTOCK, TEXTILE RAW MATERIALS AND SEMI-FINISHED GOODS

Principal Activity:

DIRECTORS/MANAGEMENT

Total Current Directors	1
Total Current Secretaries	0
Total Previous Directors / Company Secretaries	1

Current Directors

Name	David Maxwell Greatorex	Date of Birth	01/10/1962
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	19/05/2010
Address	1 Church Street, Wirksworth, Derbyshire, DE4 4EY
Other Actions	View Director Report	View Consumer Report

Current Company Secretary

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
DAVID MAXWELL GREATOREX	GBP	1	ORDINARY	1	100

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
John Edward Adey	23	560

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

Mortgage Details

SHARE & SHARE CAPITAL INFORMATION

N/a

PAYMENT INFORMATION

Average Invoice Value	£1119.55
Invoices available	18
Paid	12
Outstanding	6

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	8	4	0	0	0
Outstanding	6	0	0	0	0

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

Statistics

Group	0 companies
Linkages	0 companies
Countries	In 0 countries

FINANCIAL INFORMATION

Profit & Loss

Date Of Accounts	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	-	(%)	-
Weeks	52	(%)	52	(%)	52	(%)	-	(%)	-
Currency	GBP	(%)	GBP	(%)	GBP	(%)	-	(%)	-
Consolidated A/cs	N	(%)	N	(%)	N	(%)	-	(%)	-
Turnover	-	-	-	-	-	-	-	-	-
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-
Wages & Salaries	-	-	-	-	-	-	-	-	-
Directors Emoluments	-	-	-	-	-	-	-	-	-
Operating Profit	-	-	-	-	-	-	-	-	-
Depreciation	£83	-	-	-	-	-	-	-	-
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	(%)	-	(%)	-
Tangible Assets	£250	-	0	-	0	-	-	-	-
Intangible Assets	0	-	0	-	0	-	-	-	-
Total Fixed Assets	£250	-	0	-	0	-	-	-	-
Stock	£99,243	-	0	-	0	-	-	-	-
Trade Debtors	£164,295	999.9%	£2,876	-83.9%	£17,880	-	-	-	-
Cash	£108,853	71%	£63,663	106.2%	£30,869	-	-	-	-
Other Debtors	0	-	0	-	0	-	-	-	-
Miscellaneous Current Assets	0	-	0	-	0	-	-	-	-
Total Current Assets	£372,391	459.7%	£66,539	36.5%	£48,749	-	-	-	-
Trade Creditors	£339,553	850.5%	£35,725	0.6%	£35,527	-	-	-	-
Bank Loans & Overdrafts	0	-	0	-	0	-	-	-	-
Other Short Term Finance	0	-	0	-	0	-	-	-	-
Miscellaneous Current Liabilities	0	-	0	-	0	-	-	-	-
Total Current Liabilities	£339,553	850.5%	£35,725	0.6%	£35,527	-	-	-	-
Bank Loans & Overdrafts and LTL	0	-	0	-	0	-	-	-	-
Other Long Term Finance	0	-	0	-	0	-	-	-	-
Total Long Term Liabilities	0	-	0	-	0	-	-	-	-

Capital & Reserves

Date Of Accounts	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	-	(%)	-
Called Up Share Capital	£1	-	£1	-	£1	-	-	-	-
P & L Account Reserve	£33,087	7.4%	£30,813	133.1%	£13,221	-	-	-	-
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	£33,088	7.4%	£30,814	133.1%	£13,222	-	-	-	-

Other Financial Items

Date Of Accounts	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	-	(%)	-
Net Worth	£33,088	7.4%	£30,814	133.1%	£13,222	-	-	-	-
Working Capital	£32,838	6.6%	£30,814	133.1%	£13,222	-	-	-	-
Total Assets	£372,641	460%	£66,539	36.5%	£48,749	-	-	-	-
Total Liabilities	£339,553	850.5%	£35,725	0.6%	£35,527	-	-	-	-
Net Assets	£33,088	7.4%	£30,814	133.1%	£13,222	-	-	-	-

Cash Flow

Date Of Accounts	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	-	(%)	-
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	-	(%)	-
Contingent Liability	NO	-	NO	-	NO	-	-	-	-
Capital Employed	£33,088	7.4%	£30,814	133.1%	£13,222	-	-	-	-
Number of Employees	-	-	-	-	-	-	-	-	-
Auditors
Auditor Comments	The company is exempt from audit
Bankers
Bank Branch Code

Ratios

Date Of Accounts	31/03/13	31/03/12	31/03/11	-	-
Pre-tax profit margin %	-	-	-	-	-
Current ratio	1.10	1.86	1.37	-	-
Sales/Net Working Capital	-	-	-	-	-
Gearing %	0	0	0	-	-
Equity in %	8.90	46.30	27.10	-	-
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	0.80	1.86	1.37	-	-
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	10.26	1.15	2.68	-	-
Total Debt Ratio	10.26	1.15	2.68	-	-
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	-	-	-	-	-

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	-	-

No Debtor Data

FOREIGN EXCHANGE RATES

N/a

ADDITIONAL INFORMATION

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 7.4% during the latest trading period.

A 460% 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 71% 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 3 years ago.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs. 58.57
UK Pound	1	Rs. 98.87
Euro	1	Rs. 80.05

INFORMATION DETAILS

Analysis Done by :	KRN
Report Prepared by :	DPT

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.