MIRA INFORM REPORT

Report No. :	352854
Report Date :	10.12.2015

IDENTIFICATION DETAILS

Name :	ASMET (UK) LIMITED

Formerly Known As :	A & S METALLURGICAL RESOURCES LIMITED

Registered Office :	Jubilee House Sheffield Road Dronfield S18 2HU

Country :	United Kingdom

Financials (as on) :	30.09.2014

Date of Incorporation :	01.09.1993

Com. Reg. No.:	02849713

Legal Form :	Private Limited with Share Capital

Line of Business :	· Wholesale of Metals and Metal Ores. · The procurement, production, logistics management and supply of metallurgical consumables and specialist products to the iron, steel and aluminum industry.

No. of Employees :	11

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate

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 – 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 and address

Company Name: ASMET (UK) LIMITED

Company No: 02849713

Company Status: Active - Accounts Filed

Registered Address: JUBILEE HOUSE SHEFFIELD ROAD DRONFIELD S18 2HU

Company Summary

Registered Address JUBILEE HOUSE, SHEFFIELD ROAD, DRONFIELD, S18 2HU

Trading Address Jubilee House, Sheffield Road, Dronfield Sheffield, South Yorkshire, S18 2HU

Website Address http://www.asmet.com

Telephone Number 01246290300

Fax Number -

TPS No

FPS No

Incorporation Date 01/09/1993

Previous Name A & S METALLURGICAL RESOURCES LIMITED

Type Private limited with Share Capital

FTSE Index -

Date of Change 24/05/2011

Filing Date of Accounts 17/06/2015

Currency GBP

Share Capital £330,000

SIC07 46720

Charity Number -

SIC07 Description WHOLESALE OF METALS AND METAL ORES

Principal Activity The procurement, production, logistics management and supply of metallurgical consumables and specialist products to the iron, steel and aluminum industry.

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

30/09/2014 £17,469,710 £223,755 £8,014,053 11

30/09/2013 £19,680,960 £639,568 £8,411,858 11

30/09/2012 £25,283,715 £1,611,110 £7,971,273 11

Mortgage Summary

Total Mortgage 1

Outstanding 1

Satisfied 0

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 1

Total Value of Documented Trade £408,284

Commentary

This company has been treated as a Medium company in respect of the rating/limit generated.

This company's ratio of total liabilities to total assets indicates the presence of moderate equity funding.

This company's return on total assets employed ratio indicates a relatively efficient use of assets.

This company has made late payments on a medium percentage of invoices.

The company has more cash than short term bank borrowings.

This company trades in an industry with a lower 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	2
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	3

Current Directors

Name	David Parker	Date of Birth	02/03/1946
Officers Title	Mr	Nationality	British
Present Appointments	7	Function	Director
Appointment Date	01/09/1993
Address	Jubilee House Sheffield Road, Dronfield, Derbyshire, S18 2HU

Name	Ian Robert Copestake	Date of Birth	08/09/1951
Officers Title	Mr	Nationality	British
Present Appointments	6	Function	Director
Appointment Date	01/09/1993
Address	Jubilee House Sheffield Road, Dronfield, Derbyshire, S18 2HU

Current Company Secretary

Name	David Parker	Date of Birth	02/03/1946
Officers Title	Mr	Nationality	British
Present Appointments	7	Function	Company Secretary
Appointment Date	12/01/1996
Address	Jubilee House Sheffield Road, Dronfield, Derbyshire, S18 2HU

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
ASMET LTD	GBP	165,000	ORDINARY P	1	50
ASMET LTD	GBP	165,000	ORDINARY C	1	50

Financials

Profit & Loss

	Date Of Accounts	30/09/14	(%)	30/09/13	(%)	30/09/12	(%)	30/09/11	(%)	30/09/10
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Turnover	£17,469,710	-11.2%	£19,680,960	-22.2%	£25,283,715	-4.6%	£26,505,199	49.3%	£17,754,107
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Export	£3,331,943	-21.5%	£4,243,138	-15.3%	£5,006,858	-38.3%	£8,110,405	82.3%	£4,448,666
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Cost of Sales	£15,734,859	-11.7%	£17,813,720	-20.1%	£22,294,488	-0.7%	£22,454,435	52.2%	£14,751,116
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Gross Profit	£1,734,851	-7.1%	£1,867,240	-37.5%	£2,989,227	-26.2%	£4,050,764	34.9%	£3,002,991
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Wages & Salaries	£677,824	6.5%	£636,562	-16.3%	£760,929	-21.9%	£974,819	-41.4%	£1,662,132
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Directors Emoluments	£60,000	-48.7%	£116,889	1%	£115,702	-54.2%	£252,711	12.6%	£224,428
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Operating Profit	£282,159	-63.2%	£767,138	-58%	£1,826,654	-25.1%	£2,439,670	73.9%	£1,403,314
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Depreciation	£33,537	9.9%	£30,505	38.7%	£21,996	-61.2%	£56,630	-29%	£79,800
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Audit Fees	£11,250	12.5%	£10,000	-	£10,000	-	£10,000	-7.4%	£10,800
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Interest Payments	£68,605	-46.2%	£127,570	-40.8%	£215,544	25.7%	£171,517	156.5%	£66,865
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Pre Tax Profit	£223,755	-65%	£639,568	-60.3%	£1,611,110	-28.7%	£2,260,588	6.7%	£2,119,294
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Taxation	-£621,560	-212.4%	-£198,983	65.4%	-£575,130	1.3%	-£582,515	-999.9%	-£11,702
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Profit After Tax	-£397,805	-190.3%	£440,585	-57.5%	£1,035,980	-38.3%	£1,678,073	-20.4%	£2,107,592
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-100%	£4,000,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Retained Profit	-£397,805	-190.3%	£440,585	-57.5%	£1,035,980	-38.3%	£1,678,073	188.7%	-£1,892,408

Balance Sheet

	Date Of Accounts	30/09/14	(%)	30/09/13	(%)	30/09/12	(%)	30/09/11	(%)	30/09/10
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Tangible Assets	£179,493	9.4%	£164,092	13.5%	£144,577	-63%	£390,735	-15.3%	£461,278
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Total Fixed Assets	£179,493	9.4%	£164,092	13.5%	£144,577	-63%	£390,735	-15.3%	£461,278
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Stock	£9,703,130	32.7%	£7,310,417	-22.6%	£9,444,138	-15.8%	£11,219,958	49.5%	£7,502,544
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Trade Debtors	£3,456,605	-13.6%	£4,002,059	-20.1%	£5,007,394	-10.8%	£5,613,438	-0.6%	£5,649,434
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Cash	£554,663	-87.6%	£4,461,553	-	0	-100%	£783,018	359.5%	£170,412
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Other Debtors	£662,623	72.4%	£384,460	9%	£352,612	108.1%	£169,425	-37.4%	£270,839
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Total Current Assets	£14,377,021	-11%	£16,158,489	9.1%	£14,804,144	-16.8%	£17,785,839	30.8%	£13,593,229
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Trade Creditors	£924,405	-59.2%	£2,265,617	405.9%	£447,820	-68%	£1,401,381	-23.6%	£1,834,392
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts	£19,967	-16.1%	£23,796	-97%	£782,937	-79.9%	£3,901,726	171%	£1,439,719
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Other Short Term Finance	£3,885,015	4.6%	£3,715,281	-12.7%	£4,254,001	-9.4%	£4,697,189	0%	£4,698,485
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Miscellaneous Current Liabilities	£1,114,074	-41.5%	£1,906,029	27.7%	£1,492,690	20.3%	£1,240,985	50.5%	£824,691
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Total Current Liabilities	£5,943,461	-24.9%	£7,910,723	13.4%	£6,977,448	-37.9%	£11,241,281	27.8%	£8,797,287
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	£618,967	999.9%	£23,796	-97%	£782,937	-79.9%	£3,901,726	171%	£1,439,719
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Other Long Term Finance	£144,000	-	0	-	0	-	0	-	0
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Total Long Term Liabilities	£599,000	-	0	-	0	-	0	-	0

Capital & Reserves

	Date Of Accounts	30/09/14	(%)	30/09/13	(%)	30/09/12	(%)	30/09/11	(%)	30/09/10
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Called Up Share Capital	£330,000	-	£330,000	-	£330,000	-	£330,000	-	£330,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	P & L Account Reserve	£7,684,053	-4.9%	£8,081,858	5.8%	£7,641,273	15.7%	£6,605,293	34.1%	£4,927,220
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Sundry Reserves	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Shareholder Funds	£8,014,053	-4.7%	£8,411,858	5.5%	£7,971,273	14.9%	£6,935,293	31.9%	£5,257,220

Other Financial Items

	Date Of Accounts	30/09/14	(%)	30/09/13	(%)	30/09/12	(%)	30/09/11	(%)	30/09/10
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Net Worth	£8,014,053	-4.7%	£8,411,858	5.5%	£7,971,273	14.9%	£6,935,293	31.9%	£5,257,220
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Working Capital	£8,433,560	2.3%	£8,247,766	5.4%	£7,826,696	19.6%	£6,544,558	36.5%	£4,795,942
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Total Assets	£14,556,514	-10.8%	£16,322,581	9.2%	£14,948,721	-17.8%	£18,176,574	29.3%	£14,054,507
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Total Liabilities	£6,542,461	-17.3%	£7,910,723	13.4%	£6,977,448	-37.9%	£11,241,281	27.8%	£8,797,287
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Net Assets	£8,014,053	-4.7%	£8,411,858	5.5%	£7,971,273	14.9%	£6,935,293	31.9%	£5,257,220

Cash Flow

	Date Of Accounts	30/09/14	(%)	30/09/13	(%)	30/09/12	(%)	30/09/11	(%)	30/09/10
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	30/09/14	(%)	30/09/13	(%)	30/09/12	(%)	30/09/11	(%)	30/09/10
	Contingent Liability	YES	-	NO	-	NO	-	NO	-	NO
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Capital Employed	£8,613,053	2.4%	£8,411,858	5.5%	£7,971,273	14.9%	£6,935,293	31.9%	£5,257,220
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Number of Employees	11	-	11	-	11	-	11	-	11
	Accountants
	Auditors	BAKER TILLY UK AUDIT LLP
	Auditor Comments	The audit report contains no adverse comments
	Bankers	NATIONAL WESTMINSTER BANK PLC
	Bank Branch Code

Ratios

	Date Of Accounts	30/09/14	30/09/13	30/09/12	30/09/11	30/09/10
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Pre-tax profit margin %	1.28	3.25	6.37	8.53	11.94
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Current ratio	2.42	2.04	2.12	1.58	1.55
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Sales/Net Working Capital	2.07	2.39	3.23	4.05	3.70
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Gearing %	7.70	0.30	9.80	56.30	27.40
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Equity in %	55.10	51.50	53.30	38.20	37.40
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Creditor Days	19.26	41.90	6.44	19.24	37.60
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Debtor Days	72.02	74.01	72.08	77.09	115.82
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Liquidity/Acid Test	0.78	1.11	0.76	0.58	0.69
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Return On Capital Employed %	2.59	7.60	20.21	32.59	40.31
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Return On Total Assets Employed %	1.53	3.91	10.77	12.43	15.07
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Current Debt Ratio	0.74	0.94	0.87	1.62	1.67
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Total Debt Ratio	0.81	0.94	0.87	1.62	1.67
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Stock Turnover Ratio %	55.54	37.14	37.35	42.33	42.25
$Description: \\VIVEK-PC\123 Foreign Report Raw\ASMET (UK) LIMITED_files\barchart-grey.png$	Return on Net Assets Employed %	2.79	7.60	20.21	32.59	40.31

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
03/10/2015	Annual Returns
26/06/2015	New Accounts Filed
10/10/2014	New Accounts Filed
14/09/2014	Annual Returns
06/09/2013	Annual Returns
09/07/2013	New Accounts Filed
04/10/2012	Annual Returns
04/07/2012	New Accounts Filed
04/07/2012	New Accounts Filed
10/09/2011	Annual Returns
11/07/2011	New Accounts Filed
11/07/2011	New Accounts Filed
26/05/2011	Change of Name
14/09/2010	Annual Returns
15/06/2010	New Accounts Filed

Previous Company Names

Date	Previous Name
24/05/2011	A & S METALLURGICAL RESOURCES LIMITED

Writ Details

No writs found

Statistics

Group	2 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	ASMET LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	ASMET LIMITED

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
ASMET LIMITED	07016443	30.09.2014	Y	£17,469,710
ASMET (UK) LIMITED	02849713	30.09.2014	N	£17,469,710

Mortgage Details

Mortgage Type:	MORTGAGE DEBENTURE
Date Charge Created:	15/10/93
Date Charge Registered:	20/10/93
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	A SPECIFIC EQUITABLE CHARGE OVER ALL FREEHOLD AND LEASEHOLD PROPERTIES AND/OR THE PROCEEDS OF SALE THEREOF FIXED AND FLOATING CHARGES OVER UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS AND THE BENEFITS OF ANY LICENCES

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	£408,284
Company Name	Amount	Statement Date
Geo W King Limited	£408,284	22/09/2009

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
James Dixon	4	1
Jacqueline Scott	553	7307
Stephen John Scott	575	7285
Average Invoice Value	Ł333.70
Invoices available	108
Paid	108
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	51	43	12	2	0
Outstanding	0	0	0	0	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.75
UK Pound	1	Rs.100.29
Euro	1	Rs.72.89
GBP	1	Rs.101.40

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

INFORMATION DETAILS

Analysis Done by :	KAS

Report Prepared by :	NIT

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.