MIRA INFORM REPORT

Report Date :

03.11.2014

IDENTIFICATION DETAILS

Name :	MICRON HYDRAULICS LIMITED
Formerly Known As :	BRONZEQUINT LIMITED
Registered Office :	Wharfedale Road Euroway Industrial Est Bradford BD4 6SG
Country :	United Kingdom
Financials (as on) :	31.12.2013
Date of Incorporation :	13.11.1984
Com. Reg. No.:	01863010
Legal Form :	Private limited with Share Capital
Line of Business :	Subject is engaged in Specialised Construction Activties
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
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 – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
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 name and address

MICRON HYDRAULICS LIMITED

Company No: 01863010

Company Status: Active - Accounts Filed

Registered Address:

WHARFEDALE ROAD

EUROWAY INDUSTRIAL EST

BRADFORD BD4 6SG

COMPANY SUMMARY

Company Name	MICRON HYDRAULICS LIMITED	Company Number	01863010
Registered Address	Wharfedale road Euroway industrial est bradford BD4 6SG	Trading Address	Wylam Court Telford Wy Stepenson Industrial Estate Coalville Lelcestershire LE673HE
Website Address	http://www.micronhydraulics.co.uk
Telephone Number	01274853400
TPS	No	FPS	No
Incorporation Date	13.11.1984	Company Status	Active - Accounts Filed
Previous Name	BRONZEQUINT LIMITED	Type	Private limited with Share Capital
Date of Change	01.02.1985	Filing Date of Accounts	15.09.2014
		Share Capital	£20,218
SIC03	3663	Currency	GBP
SIC03 Description	Other Specialised Construction Activties
SIC07	43999
SIC07 Description
Principal Activity	Special Trades

DIRECTORS/MANAGEMENT

Total Current Directors	2
Total Current Secretaries	0
Total Previous Directors / Company Secretaries	11

Current Directors

Name	Wendy Janet Plowman	Date of Birth	23/10/1957
Officers Title	Ms	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	03/12/2003
Address	Wharfedale Road, Euroway Industrial Est, Bradford, West Yorkshire, BD4 6SG
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Liah Plowman	Date of Birth	18/06/1982
Officers Title		Nationality	British
Present Appointments	4	Function	Director
Appointment Date	04/04/2013
Address	Wharfedale Road, Euroway Industrial Est, Bradford, West Yorkshire, BD4 6SG
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Current Company Secretary

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Hans Andreas Nagel	5	9
Michael John Plowman	8	3
Paul Anthony Holleran	3	19
Paul Anthony Holleran	3	19
Eric Anthony Hornby	1	1
Ian Phipps	1	2
David Allen Cooper	9	14
David Allen Cooper	9	14
Anthony Dennis Holmes	6	5
Clive Walton	0	2
Clive Walton	0	2

NEGATIVE INFORMATION

Mortgage Summary

Total Mortgage 5

Outstanding 0

Satisfied 5

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 -	-

Mortgage Details

Mortgage Type:	CHARGE OF DEPOSIT
Date Charge Created:	28/02/03
Date Charge Registered:	28/03/14
Date Charge Satisfied:	-
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC;
Amount Secured:
Details:	ALL DEPOSITS CREDITED TO ACCOUNT DESIGNATION 28531841 AND ANY DEPOSIT OR ACCOUNT OF ANY OTHER CURRENCY DESCRIPTION OR DESIGNATION

Mortgage Type:	DEBENTURE
Date Charge Created:	17/12/02
Date Charge Registered:	28/03/14
Date Charge Satisfied:	-
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC;
Amount Secured:
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:	EQUITABLE CHARGE WITHOUT WRITTEN INSTRUMENT
Date Charge Created:	15/12/89
Date Charge Registered:	28/03/14
Date Charge Satisfied:	-
Status:	SATISFIED
Person(s) Entitled:	TSB BANK PLC;
Amount Secured:
Details:	56 MAIN STREET, BUCKTON, BRIDLINGTON.

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	02/06/87
Date Charge Registered:	28/03/14
Date Charge Satisfied:	-
Status:	SATISFIED
Person(s) Entitled:	TSB ENGLAND & WALES PLC;
Amount Secured:
Details:	2 BOLLING ROAD, BRADFORD 4, WEST YORKSHIRE

Mortgage Type:	MORTGAGE DEBENTURE
Date Charge Created:	07/04/87
Date Charge Registered:	09/04/87
Date Charge Satisfied:	05/03/03
Status:	SATISFIED
Person(s) Entitled:	TSB ENGLAND & WALES 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
MICRON HYDRAULICS HOLDINGS LTD	GBP	20,218	ORDINARY	1	100

PAYMENT INFORMATION

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 1

Total Value of Documented Trade £1,596

Trade Payment Information

Average Invoice Value	215.89
Invoices available	95
Paid	89
Outstanding	6

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	£1,596

Company Name	Amount	Statement Date
Hayroyds Mine Ltd	£1,596	06/09/2012

Average Invoice Value	£215.89
Invoices available	95
Paid	89
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	1	45	17	23	3
Outstanding	1	1	4	0	0

GROUP STRUCTURE & AFFILIATED COMPANIES

Statistics

Group	3 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	MICRON HYDRAULICS HOLDINGS LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	MICRON HYDRAULICS HOLDINGS LIMITED

Group structure

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
MICRON HYDRAULICS HOLDIN...	04595739	31.12.2013	N
MICRON HYDRAULICS LIMITED	01863010	31.12.2013	N
MICRON (INTERNATIONAL)...	08745679	-	N

FINANCIAL INFORMATION

Profit & Loss

	Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
	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	£57,698	23.9%	£46,568	18.1%	£39,439	33.4%	£29,560	6.1%	£27,871
	Audit Fees	-	-	-	-	-	-	-	-	-
	Interest Payments	-	-	-	-	-	-	-	-	-
	Pre Tax Profit	-	-	-	-	-	-	-	-	-
	Taxation	-	-	-	-	-	-	-	-	-
	Profit After Tax	-	-	-	-	-	-	-	-	-
	Dividends Payable	-	-	-	-	-	-	-	-	-
	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
	Tangible Assets	£128,532	0.4%	£127,964	21.5%	£105,310	9.9%	£95,836	14.5%	£83,664
	Intangible Assets	0	-	0	-	0	-	0	-	0
	Total Fixed Assets	£128,532	0.4%	£127,964	21.5%	£105,310	9.9%	£95,836	14.5%	£83,664
	Stock	£313,768	10.8%	£283,100	-12%	£321,744	-10.7%	£360,205	-21.8%	£460,756
	Trade Debtors	£1,459,155	12.1%	£1,301,672	21.6%	£1,070,112	21%	£884,663	53.6%	£575,924
	Cash	£358,967	42.8%	£251,359	-8.3%	£274,053	-25.2%	£366,276	-29.1%	£516,829
	Other Debtors	0	-	0	-	0	-	0	-	0
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£2,131,890	16.1%	£1,836,131	10.2%	£1,665,909	3.4%	£1,611,144	3.7%	£1,553,509
	Trade Creditors	£654,009	39.9%	£467,480	28.8%	£363,080	-20.3%	£455,293	-23.8%	£597,114
	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	£654,009	39.9%	£467,480	28.8%	£363,080	-20.3%	£455,293	-23.8%	£597,114
	Bank Loans & Overdrafts and LTL	£22,450	36.1%	£16,500	10%	£15,000	36.4%	£11,000	64.2%	£6,700
	Other Long Term Finance	0	-	0	-	0	-	0	-	0
	Total Long Term Liabilities	£22,450	36.1%	£16,500	10%	£15,000	36.4%	£11,000	64.2%	£6,700

Capital & Reserves

	Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
	Called Up Share Capital	£20,218	-	£20,218	-	£20,218	-	£20,218	-	£20,218
	P & L Account Reserve	£1,563,745	7.1%	£1,459,897	6.3%	£1,372,921	12.5%	£1,220,469	20.5%	£1,013,141
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	-	-	-	-	-	-	-	-	-
	Shareholder Funds	£1,583,963	7%	£1,480,115	6.2%	£1,393,139	12.3%	£1,240,687	20.1%	£1,033,359

Other Financial Items

	Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
	Net Worth	£1,583,963	7%	£1,480,115	6.2%	£1,393,139	12.3%	£1,240,687	20.1%	£1,033,359
	Working Capital	£1,477,881	8%	£1,368,651	5.1%	£1,302,829	12.7%	£1,155,851	20.9%	£956,395
	Total Assets	£2,260,422	15.1%	£1,964,095	10.9%	£1,771,219	3.8%	£1,706,980	4.3%	£1,637,173
	Total Liabilities	£676,459	39.8%	£483,980	28%	£378,080	-18.9%	£466,293	-22.8%	£603,814
	Net Assets	£1,583,963	7%	£1,480,115	6.2%	£1,393,139	12.3%	£1,240,687	20.1%	£1,033,359

Miscellaneous

	Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
	Capital Employed	£1,606,413	7.3%	£1,496,615	6.3%	£1,408,139	12.5%	£1,251,687	20.3%	£1,040,059
	Number of Employees	-	-	-	-	-	-	-	-	-
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers	LLOYDS TSB BANK PLC
	Bank Branch Code

Ratios

	Date Of Accounts	31/12/13	31/12/12	31/12/11	31/12/10	31/12/09
	Pre-tax profit margin %	-	-	-	-	-
	Current ratio	3.26	3.93	4.59	3.54	2.60
	Sales/Net Working Capital	-	-	-	-	-
	Gearing %	1.40	1.10	1.10	0.90	0.60
	Equity in %	70.10	75.40	78.70	72.70	63.10
	Creditor Days	-	-	-	-	-
	Debtor Days	-	-	-	-	-
	Liquidity/Acid Test	2.77	3.32	3.70	2.74	1.83
	Return On Capital Employed %	-	-	-	-	-
	Return On Total Assets Employed %	-	-	-	-	-
	Current Debt Ratio	0.41	0.31	0.26	0.36	0.57
	Total Debt Ratio	0.42	0.32	0.27	0.37	0.58
	Stock Turnover Ratio %	-	-	-	-	-
	Return on Net Assets Employed %	-	-	-	-	-

FOREIGN EXCHANGE RATES

Na

ADDITIONAL INFORMATION

Enquiries Trend

There have been 40 enquiries in the last 12 months.

There are an average of 3 reports taken each month.

	3 MONTHS	6 MONTHS	9 MONTHS
Enquiries	18	24	27

Status History

No Status History found

Event History

Date	Description
03/10/2014	Annual Returns
01/09/2014	New Accounts Filed
11/12/2013	Annual Returns
10/10/2013	New Accounts Filed
08/04/2013	New Board Member L. Plowman appointed
27/10/2012	Annual Returns
25/05/2012	New Accounts Filed
07/12/2011	Annual Returns
08/10/2011	New Accounts Filed
08/11/2010	Annual Returns
24/09/2010	New Accounts Filed
22/04/2010	Mr D.A. Cooper has resigned as company secretary
22/04/2010	Mr D.A. Cooper has left the board
11/11/2009	New Accounts Filed
06/10/2009	Annual Returns

Previous Company Names

Date	Previous Name
01/02/1985	BRONZEQUINT LIMITED

NOTES & COMMENTS

Commentary

No exact match CCJs are recorded against the company.

Net Worth increased by 7% during the latest trading period.

A 15.1% growth in Total Assets occurred during the latest trading period.

The company saw an increase in their Cash Balance of 42.8% during the latest trading period.

The movement in accumulated earnings would indicate that the company made a profit after tax and other appropriations, including dividends.

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 part of a group.

The company was established over 29 years ago.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.41
UK Pound	1	Rs.98.06
Euro	1	Rs.77.19

INFORMATION DETAILS

Analysis Done by :	DIV
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.