MIRA INFORM REPORT

Report No. :	353813
Report Date :	07.12.2015

IDENTIFICATION DETAILS

Name :	LONGS STEEL UK LIMITED

Registered Office :	30 Millbank 2nd Floor London SW 1 P 4WY

Country :	United Kingdom

Date of Incorporation :	13.02.2015

Com. Reg. No.:	09438207

Legal Form :	Private limited with Share Capital

Line of Business :	Not Available [We tried to confirm / obtain the detailed activity but the same is not available from any sources]

No. of Employee :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING

STATUS

PROPOSED CREDIT LINE

New Business

Status :	New business

Payment Behaviour :	Unknown

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, 2015

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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. 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 has been a net importer of energy since 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.

In 2008, 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. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which aimed to lower London's budget deficit from about 11% of GDP in 2010 to nearly 1% by 2015. 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 20% by 2015. However, the deficit still remains one of the highest in the G7, standing at 6.0% in 2014.

In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.7% and in 2014, 2.6%, accelerating unexpectedly because of greater consumer spending and a recovering housing market.

The Bank of England (BoE) implemented an asset purchase program of �375 billion (approximately $586 billion) as of December 2014. 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).

Source : CIA

Company Name

LONGS STEEL UK LIMITED

Company No

09438207

Registered Address

30 MILLBANK2ND FLOORLONDONSW1P 4WY

Company Summary

Registered Address

30 MILLBANK
2ND FLOOR
LONDON
SW1P 4WY

Trading Address

2nd Floor
30 Millbank
London
SW1P 4WY

Website Address http://www.tatasteel.com

Telephone Number -

Fax Number

TPS -

FPS No

Incorporation Date 13/02/2015

Previous Name

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts -

Currency

Share Capital -

SIC07

Charity Number -

SIC07 Description

Principal Activity

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

- - - - -

Mortgage Summary

Total Mortgage 1

Outstanding 1

Satisfied 0

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 New company in respect of the rating/limit generated.

This company has not yet filed financial statements and is aged 12 months or less.

This company is based in a geographical area with a moderate level of corporate failures.

This company has one or more registered mortgage charges.

There have been one or more director resignations in the last 6 months.

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	5
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	2

Current Directors

Name	Paul Raymond Martin	Date of Birth	05/02/1966
Officers Title	Mr	Nationality	British
Present Appointments	3	Function	Director
Appointment Date	05/08/2015
Address	30 Millbank, 2nd Floor, London, SW1P 4WY

Name	Torquil John Farquhar	Date of Birth	15/05/1965
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	23/07/2015
Address	30 Millbank, 2nd Floor, London, SW1P 4WY

Name	Bimlendra Jha	Date of Birth	08/09/1967
Officers Title	Mr	Nationality	Indian
Present Appointments	2	Function	Director
Appointment Date	23/07/2015
Address	30 Millbank, 2nd Floor, London, SW1P 4WY

Name	Steven Antony Mason	Date of Birth	28/09/1975
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	05/08/2015
Address	30 Millbank, 2nd Floor, London, SW1P 4WY

Name	Peter John Hogg	Date of Birth	07/03/1969
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	05/08/2015
Address	30 Millbank, 2nd Floor, London, SW1P 4WY

Current Company Secretary

Name	Sharone Vanessa Gidwani	Date of Birth	-
Officers Title	Ms	Nationality
Present Appointments	1	Function	Company Secretary
Appointment Date	13/02/2015
Address	30 Millbank, 2nd Floor, London, SW1P 4WY

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
26/08/2015	New Board Member Mr S.A. Mason appointed
19/08/2015	New Board Member Mr S.A. Mason appointed
19/08/2015	New Board Member Mr P.J. Hogg appointed
19/08/2015	New Board Member Mr P.R. Martin appointed
30/07/2015	Mr A. Page has left the board
30/07/2015	Mr S.A. Luczynski has left the board
30/07/2015	New Board Member Mr B. Jha appointed
30/07/2015	New Board Member Mr T.J. Farquhar appointed
17/02/2015	New Company Secretary Ms S.V. Gidwani appointed
17/02/2015	New Board Member Mr A. Page appointed
17/02/2015	New Board Member Mr S.A. Luczynski appointed

Previous Company Names

No Previous Names found

Writ Details

No writs found

Statistics

Group	104 companies
Linkages	649 companies
Countries	In 52 countries

Summary

Holding Company	TATA STEEL UK LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	TATA STEEL

Group Structure

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
TATA STEEL	0011-260	31.03.2015	-	€21,118,644,407
TATA INTERNATIONAL SIN...	N/A	-	-
TATA INTERNATIONAL M...	02755939	31.03.2015	Y	£191,875,000
INDUSTRIAL STEELS...	04138235	30.06.2014	N
TATA STEEL GLOBAL HOLD...	N/A	-	-
TATA STEEL EUROPE LI...	05957565	31.03.2015	Y	£7,879,000,000
TULIP UK HOLDINGS...	05934891	31.03.2015	N
TULIP UK HOLDINGS...	05934885	31.03.2015	N
TATA STEEL UK H...	05887351	31.03.2015	Y	£7,879,000,000
TATA STEEL GLOBAL MINE...	N/A	-	-
TATA STEEL GLOBAL MINE...	N/A	-	-
TATA STEEL MINERALS...	07386462	31.03.2014	Y
TATA STEEL NEDERLAND B.V.	34005278	31.03.2015	Y
HOOGOVENS (U K) LIMITED	01278377	31.03.2015	N
CLADDING AND DECKI...	02743517	31.03.2015	N
HOOGOVENS ALUMINIU...	00916784	28.03.2015	N
TATA STEEL NETHERLANDS...	34255148	31.03.2014	N
CORUS GROUP LIMITED	03811373	31.03.2015	N
PRECOAT INTERNATIO...	01370230	31.03.2015	N
COLOR STEELS LIMITED	00948598	31.03.2015	N
PRECOAT LIMITED	02988349	31.03.2015	N
EUROPRESSINGS L...	02162222	31.03.2015	N
CORUS CNBV INVESTM...	04636306	31.03.2015	N
CORUS INTERNATIONA...	02643008	31.03.2015	N
CORUS LARGE DIAME...	02800358	31.03.2015	N
CORUS NEDERLAND BV	N/A	-	-
CORUS PROPERTY	00489735	31.03.2015	N
TATA STEEL UK LIMITED	02280000	31.03.2015	N	£4,175,000,000
PLATED STRIP (INT...	00978340	31.03.2015	N
CORUS PROPERTIES...	04659529	31.03.2015	N
CORUS UK HEALTHCA...	06864110	31.03.2014	N
LONGS STEEL UK LI...	09438207	-	N
BLASTMEGA LIMITED	02987085	31.03.2015	N
BRITISH TUBES STO...	00246754	31.03.2015	N
CATNIC LIMITED	00947703	31.03.2015	N
BRITISH STEEL S...	00738622	31.03.2015	N
COGENT POWER LIMITED	02642030	28.03.2015	N	£696,000
ORB ELECTRICAL...	02640894	31.03.2015	N
CORBY (NORTHANTS)...	ZC000024	28.03.2015	N	£389,966
CORUS COLD DRAWN...	02856603	31.03.2015	N
CORUS ENGINEERING...	02588085	31.03.2015	N
CORUS ENGINEERI...	00048605	31.03.2015	N
RUNBLAST LIMITED	00067646	31.03.2015	N
U.E.S. BRIGHT B...	00067758	31.03.2015	N
RUNMEGA LIMITED	00166341	31.03.2015	N
BRITISH STEEL E...	00405285	31.03.2015	N
CORDOR (C&B) LI...	00668058	31.03.2015	N
CORUS ENGINEERI...	00870893	31.03.2015	N
NATIONWIDE STEE...	01041221	31.03.2015	N
BELL & HARWOOD...	01539189	31.03.2015	N
CORUS ENGINEERI...	01992636	31.03.2015	N
HAMMERMEGA LIMITED	00121015	31.03.2015	N
CORUS HOLDINGS LI...	SC029016	31.03.2015	N
CORUS INTERNATION...	00747010	31.03.2015	N
CORUS LIAISON S...	00023226	31.03.2015	N
STEWARTS AND LL...	IE015200	31.03.2014	N
STEWARTS AND LL...	SC001985	31.03.2015	N
TATA STEEL UK C...	00538415	31.03.2014	N	£1,296,000
CORUS MANAGEMENT...	02755785	31.03.2015	N
BRITISH STEEL D...	03493814	31.03.2015	N
B.S. PENSION FU...	00171830	31.03.2015	N
PENSION SERVI...	01750722	31.03.2015	N	£500,000
BORE SAMSON GRO...	02118056	31.03.2015	N
BORE STEEL LI...	00370550	31.03.2015	N
H.E. SAMSON L...	00492429	31.03.2015	N
BRITISH STEEL C...	00030048	31.03.2015	N
ORE CARRIERS...	00498205	31.03.2015	N
BRITISH STEEL S...	00006470	31.03.2015	N
CORUS INVESTMEN...	SC016249	31.03.2015	N
LONDON WORKS ST...	01539190	31.03.2015	N
MIDLAND STEEL S...	02755789	31.03.2015	N
ROUND OAK STEEL...	00156070	31.03.2015	N
STANTON HOUSING...	00192350	31.03.2015	N
STEEL STOCKHOLD...	01041002	31.03.2015	N
C WALKER & SONS...	00482552	31.03.2015	N
CORUS SERVICE...	NI002781	31.03.2015	N
GAMBLE SIMM...	IE027198	31.03.2014	N
WALKERSTE...	IE036453	31.03.2014	N
LISTER...	IE046590	31.03.2014	N
THE STE...	IE176632	28.03.2015	N	€7,665,406
WALKER MANUFA...	00800015	31.03.2015	N
BRITISH GUI...	00433422	31.03.2015	N
HARROWMILLS...	00494253	31.03.2015	N
WALKERSTEELST...	02067547	31.03.2015	N
STEELSTOCK...	00062773	31.03.2015	N
WHITEHEAD (NARR...	01030144	31.03.2015	N
CPN (85) LIMITED	04412094	31.03.2015	N
DSRM GROUP PLC	02071703	31.03.2015	N
FIRSTEEL HOLDINGS...	02727547	31.03.2015	N
FIRSTEEL GROUP...	00026466	31.03.2015	N
FIRSTEEL STRI...	00914205	31.03.2015	N
MISTBURY INVEST...	02727544	31.03.2015	N
FIRSTEEL ENGI...	00224239	31.12.2004	N
GRANT LYON EAGRE...	00719501	31.03.2015	N
HADFIELDS HOLDING...	01722341	31.03.2015	N
KALZIP LIMITED	02128169	31.03.2014	N	£24,487,492
NEWPORT AND SOUTH...	00313746	31.03.2015	N
SEAMLESS TUBES LI...	00062670	31.03.2015	N
TATA STEEL UK RAI...	03033290	31.03.2015	N	£23,008,000
TEMPLEBOROUGH ROL...	00145321	31.03.2015	N
TORONTO INDUSTRIA...	00118463	31.03.2015	N
UK STEEL ENTERPRI...	00535960	28.03.2015	N	£2,924,153
UKSE FUND MANAG...	04195393	28.03.2015	N
WESTWOOD STEEL SE...	00538416	31.03.2015	N

Mortgage Details

Mortgage Type:
Date Charge Created:	28/10/14
Date Charge Registered:	23/09/15
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	CITIBANK N.A.,(AND ITS SUCCESSORS IN TITLE AND PERMITTED TRANSFEREES);
Amount Secured:
Details:	TITLE NUMBERS HS304988, HS321955, HS138613, HS203938, HS321926, HS34777CONTAINSFIXED CHARGE.CONTAINS FLOATING CHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Stanislaus Antoni Luczynski	0	1
Alastair Page	0	1
Average Invoice Value		n/a
Invoices available		n/a
Paid		n/a
Outstanding		n/a

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
Outstanding

Multiple Board Changes (1)

Description:	This company has had multiple board changes within the last 6 months.

Details:	This company has had 8 board changes within the last 6 months.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.84
UK Pound	1	Rs.101.04
Euro	1	Rs.73.05
GBP	1	Rs. 100.61

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	DIV

Report Prepared by :	ASH

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.

Name	Number	Latest Key Financials	Turnover
TATA CONSULTANCY SERVICES	11-84781	31.03.2015	€14,588,698,155
TATA CHEMICALS	011-2893	31.03.2015	€2,606,829,136
TATA COFFEE	00000833	31.03.2015	€245,138,791
TATA SPONGE IRON	15-01091	31.03.2015	€118,103,499
TINPLATE COMPANY OF INDIA		31.03.2015	€137,262,396
TATA COMMUNICATIONS	11-39266	31.03.2015	€3,068,689,030
TATA METALIKS	21-50000	31.03.2015	€217,583,599
TAYO ROLLS	00030818	31.03.2015	€21,527,700
TATA STEEL IJMUIDEN B.V.	34040331	31.03.2015	€3,804,000,000
TATA STEEL GERMANY GMBH	HRB 55722	31.03.2014	€666,951,314
NORSK STÅL AS	959493715	31.12.2014	1,358,741 KNOK
COGENT POWER ELECTRICAL STEELS LIMITED	03849650	31.03.2012	£46,000
TATA STEEL FRANCE RAIL SAS	391575354	31.03.2014	€279,577,703
STAALVERWERKING EN HANDEL B.V.	34072703	31.03.2014
BRITISH STEEL BENELUX B.V.	14636012	31.03.2009
ALUMINIUM DELFZIJL B.V.	02316644	31.12.2012	€179,159,000
VOERDE ALUMINIUM GMBH	HRB 9639	31.12.2010	€224,422,420
TATA STEEL BELGIUM PACKAGING STEELS NV	450363872	31.03.2015	€14,655,265
TATA STEEL MAUBEUGE SAS	445720295	31.03.2015	€294,711,343
TATA STEEL FRANCE HOLDINGS SAS	305546244	31.03.2015	€417,166