MIRA INFORM REPORT

Report No. :	317193
Report Date :	11.04.2015

IDENTIFICATION DETAILS

Name :	THE SILVER CRANE COMPANY LIMITED

Registered Office :	7 - 10 Riding School Yardsomerleyringwoodbh24 3PL

Country :	United Kingdom

Financials (as on) :	31.10.2013

Date of Incorporation :	16.07.1993

Com. Reg. No.:	02836965

Legal Form :	Private limited with Share Capital

Line of Business :	Lead, zinc and tin production Manufacture of light metal packaging

No. of Employee :	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

Maximum Credit Limit :	USD 530,118

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 – December 31, 2014

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

United Kingdom

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

THE SILVER CRANE COMPANY LIMITED

COMPANY NUMBER

02836965

REGISTERED ADDRESS

7 - 10 RIDING SCHOOL YARD

SOMERLEY
RINGWOOD
BH24 3PL

Company summary

Registered Address	7 - 10 RIDING SCHOOL YARD SOMERLEY RINGWOOD BH24 3PL	Trading Address	7-10 Riding School Yard Somerley Ringwood Hampshire BH24 3PL
Website Address	http://www.silvercrane.co.uk
Telephone Number	01425477933	Fax Number	--
TPS	No	FPS	No
Incorporation Date	16/07/1993
Previous Name	--	Type	Private limited with Share Capital
FTSE Index		Date of Change
Filing Date of Accounts	24/07/2014	Currency	GBP
Share Capital	£850	SIC07	24430
Charity Number	--
SIC07 Description	LEAD, ZINC AND TIN PRODUCTION
Principal Activity	Manufacture of light metal packaging.

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder	Funds Employees
31/10/2013	--	--	£532,429	--
31/10/2012	--	--	£420,741	--
31/07/2011	--	--	£316,848	--

Mortgage Summary

Total Mortgage 6

Outstanding 4

Satisfied 2

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 0

Total Value of Documented Trade £0

Commentary

This company has been treated as a Small company in respect of the rating/limit generated.
The latest Balance Sheet indicates a positive net working capital position.
The latest cash balances represent a positive level in terms of the overall outstanding creditor obligations.
There has been an increase in shareholders funds compared with the previous balance sheet.
This company trades in an industry with a moderate level of corporate failures.

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 -	-

Total Current Directors	4
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	4

Current Directors

Name	Anne Dena Goodman	Date of Birth	07/02/1956
Officers Title	Mrs	Nationality	British
Present Appointments	4	Function	Director
Appointment Date	16/07/1993
Address	7 - 10 Riding School Yard, Somerley, Ringwood, Hampshire, BH24 3PL

Name	Julian Ephram Goodman	Date of Birth	12/03/1954
Officers Title	Mr	Nationality	British
Present Appointments	3	Function	Director
Appointment Date	16/07/1993
Address	7 - 10 Riding School Yard, Somerley, Ringwood, Hampshire, BH24 3PL

Name	Steven Paul Goodman	Date of Birth	14/07/1982
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	03/01/2011
Address	7 - 10 Riding School Yard, Somerley, Ringwood, Hampshire, BH24 3PL

Name	Vanessa Darwin	Date of Birth	20/08/1969
Officers Title	Mrs	Nationality	Dutch
Present Appointments	1	Function	Director
Appointment Date	21/06/2012
Address	7 - 10 Riding School Yard, Somerley, Ringwood, Hampshire, BH24 3PL

Current Company Secretary

Name	Steve Paul Goodman	Date of Birth	14/07/1982
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Company Secretary
Appointment Date	02/01/2008
Address	7 - 10 Riding School Yard, Somerley, Ringwood, Hampshire, BH24 3PL

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value
MRS A.D. GOODMAN	GBP	425	ORDINARY	0.48
J.E. GOODMAN	GBP	425	ORDINARY	0.48
STEVEN PAUL GOODMAN	GBP	230	ORDINARY	0.48
DAVID LUKE GOODMAN	GBP	230	ORDINARY	0.48
JAMIE BRETT GOODMAN	GBP	230	ORDINARY	0.48
ROBIN GEOFFREY GOODMAN	GBP	230	ORDINARY	0.48

Unable to report percentage holdings as filed Shareholder listing is not full.

Profit & Loss

Date Of Accounts	31/10/13	(%)	31/10/12	(%)	31/07/11	(%)	31/07/10	(%)	31/07/09
Weeks	52	(%)	65	(%)	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	£4,526	-65%	£12,924	-41.1%	£21,949	-2.8%	£22,573	47.7%	£15,283
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	(%)	31/07/11	(%)	31/07/10	(%)	31/07/09
Tangible Assets	£2,891	-61%	£7,417	-63.5%	£20,341	-51.9%	£42,290	-7.8%	£45,855
Intangible Assets	0	-	0	-	0	-	0	-	0
Total Fixed Assets	£2,891	-61%	£7,417	-63.5%	£20,341	-51.9%	£42,290	-7.8%	£45,855
Stock	£598,767	-11.6%	£677,325	3.2%	£656,487	10%	£596,790	63.2%	£365,579
Trade Debtors	£1,578,195	195.9%	£533,291	-48%	£1,026,279	128.2%	£449,639	185.8%	£157,300
Cash	£436,973	36.1%	£321,132	915.1%	£31,636	-80.8%	£165,127	165.1%	£62,298
Other Debtors	0	-	0	-	0	-	0	-	0
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	£2,613,935	70.7%	£1,531,748	-10.7%	£1,714,402	41.5%	£1,211,556	107%	£585,177
Trade Creditors	£2,084,397	86.4%	£1,118,376	-21%	£1,415,444	31.6%	£1,075,162	109.8%	£512,402
Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
Other Short Term Finance	0	-	0	-100%	£136	-98.9%	£12,330	-	0
Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	0
Total Current Liabilities	£2,084,397	86.4%	£1,118,376	-21%	£1,415,580	30.2%	£1,087,492	112.2%	£512,402
Bank Loans & Overdrafts and LTL	0	-100%	£48	-97.9%	£2,315	-64%	£6,435	2.8%	£6,259
Other Long Term Finance	0	-	0	-	0	-	0	-	0
Total Long Term Liabilities	0	-100%	£48	-97.9%	£2,315	-64%	£6,435	2.8%	£6,259

Capital & Reserves

Date Of Accounts	31/10/13	(%)	31/10/12	(%)	31/07/11	(%)	31/07/10	(%)	31/07/09
Called Up Share Capital	£1,770	-	£1,770	-	£1,770	-	£1,770	-	£1,770
P & L Account Reserve	£530,659	26.7%	£418,971	33%	£315,078	99.2%	£158,149	43%	£110,601
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	£532,429	26.5%	£420,741	32.8%	£316,848	98.1%	£159,919	42.3%	£112,371

Other Financial Items

Date Of Accounts	31/10/13	(%)	31/10/12	(%)	31/07/11	(%)	31/07/10	(%)	31/07/09
Net Worth	£532,429	26.5%	£420,741	32.8%	£316,848	98.1%	£159,919	42.3%	£112,371
Working Capital	£529,538	28.1%	£413,372	38.3%	£298,822	140.9%	£124,064	70.5%	£72,775
Total Assets	£2,616,826	70%	£1,539,165	-11.3%	£1,734,743	38.4%	£1,253,846	98.7%	£631,032
Total Liabilities	£2,084,397	86.4%	£1,118,424	-21.1%	£1,417,895	29.6%	£1,093,927	110.9%	£518,661
Net Assets	£532,429	26.5%	£420,741	32.8%	£316,848	98.1%	£159,919	42.3%	£112,371

Cash Flow

Date Of Accounts	31/10/13	(%)	31/10/12	(%)	31/07/11	(%)	31/07/10	(%)	31/07/09
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	31/10/13	(%)	31/10/12	(%)	31/07/11	(%)	31/07/10	(%)	31/07/09
Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
Capital Employed	£532,429	26.5%	£420,789	31.8%	£319,163	91.9%	£166,354	40.2%	£118,630
Number of Employees	-	-	-	-	-	-	-	-	-

Auditors
Auditor Comments	The company is exempt from audit
Bankers
Bank Branch Code

Ratios

Date Of Accounts	31/10/13	31/10/12	31/07/11	31/07/10	31/07/09
Pre-tax profit margin %	-	-	-	-	-
Current ratio	1.25	1.37	1.21	1.11	1.14
Sales/Net Working Capital	-	-	-	-	-
Gearing %	0	0	0.70	4	5.60
Equity in %	20.30	27.30	18.30	12.80	17.80
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	0.96	0.76	0.74	0.56	0.42
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	3.91	2.65	4.46	6.80	4.55
Total Debt Ratio	3.91	2.65	4.47	6.84	4.61
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
09/08/2014	New Accounts Filed
09/08/2014	New Accounts Filed
28/07/2014	Annual Returns
12/08/2013	New Accounts Filed
06/08/2013	Annual Returns
24/08/2012	Annual Returns
26/06/2012	New Board Member Mrs V. Darwin appointed
18/05/2012	New Accounts Filed
18/05/2012	New Accounts Filed
14/09/2011	New Accounts Filed
05/08/2011	Annual Returns
03/08/2011	New Board Member Mr S.P. Goodman appointed
11/08/2010	Annual Returns
09/08/2010	Change in Reg.Office
26/07/2010	New Accounts Filed

Previous Company Names

No Previous Names found

Writ Details

No writs found

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group StructureFull

No Group Structure

Mortgage Details

Mortgage Type:	LEGAL ASSIGNMENT
Date Charge Created:	31/03/11
Date Charge Registered:	01/04/11
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ANY CREDIT BALANCE DUE UNDER THE CONTRACT (THE CONTRACT MONIES)
Mortgage Type:	DEBENTURE
Date Charge Created:	24/06/08
Date Charge Registered:	27/06/08
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC 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 CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY

Mortgage Type:	FIXED CHARGE ON PURCHASED DEBTS WHICH FAIL TO VEST
Date Charge Created:	24/06/08
Date Charge Registered:	27/06/08
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC INVOICE FINANCE (UK) LTD ("THE SECURITY HOLDER")
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	BY WAY OF FLOATING CHARGE ALL THE UNDERTAKING OF THE COMPANY AND ALL ASSETS WHATSOEVER AND WHERESOEVER INCLUDING STOCK IN TRADE AND UNCALLED CAPITAL BUT EXCLUDING ANY DEBTS AND ASSOCIATED RIGHTS RELATING THERETO
Mortgage Type:	FIXED CHARGE ON PURCHASED DEBTS WHICH FAIL TO VEST
Date Charge Created:	24/06/08
Date Charge Registered:	27/06/08
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC INVOICE FINANCE (UK) LTD ("THE SECURITY HOLDER")
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:	BY WAY OF FLOATING CHARGE ALL THE UNDERTAKING OF THE COMPANY AND ALL ASSETS WHATSOEVER AND WHERESOEVER INCLUDING STOCK IN TRADE AND UNCALLED CAPITAL BUT EXCLUDING ANY DEBTS AND ASSOCIATED RIGHTS RELATING THERETO

Mortgage Type:	DEBENTURE
Date Charge Created:	29/09/05
Date Charge Registered:	04/10/05
Date Charge Satisfied:	09/09/09
Status:	SATISFIED
Person(s) Entitled:	BIBBY FINANCIAL SERVICES LIMITED AS SECURITY TRUSTEE
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 MACHINERYSEE THE MORTGAGECHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	ALL ASSETS CHARGE
Date Charge Created:	05/09/03
Date Charge Registered:	06/09/03
Date Charge Satisfied:	16/10/08
Status:	SATISFIED
Person(s) Entitled:	BIBBY TRADE FINANCE 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

Previous Director/Company Secretaries

Name	Current Directorships		Previous Directorships
Anne Dena Goodman	4		2
Richard John Boyer	27		35
BOURSE SECURITIES LIMITED	116		2363
BRISTOL LEGAL SERVICES LIMITED	189		9891
Average Invoice Value		£2563.28
Invoices available		19
Paid		19
Outstanding		0

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	19	0	0	0	0
Outstanding	0	0	0	0	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.37
UK Pound	1	Rs.91.60
Euro	1	Rs.66.49

INFORMATION DETAILS

Analysis Done by :	KAR

Report Prepared by :	ANK

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.