MIRA INFORM REPORT

Report No. :	354080
Report Date :	15.12.2015

IDENTIFICATION DETAILS

Name :	NIKAL STEELS LIMITED

Registered Office :	Block 3 Unit 14 Peartree Lanegrazebrook Industrial Estatedudleydy2 0XW

Country :	United Kingdom

Financials (as on) :	31.12.2014

Date of Incorporation :	17.03.2000

Com. Reg. No.:	03950507

Legal Form :	Private limited with Share Capital

Line of Business :	Manufacturers and stockists of stainless steel flanges and stainless steel bars (Indirect source)

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

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 – 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 Address

NIKAL STEELS LIMITED

BLOCK 3 UNIT 14 PEARTREE LANEGRAZEBROOK INDUSTRIAL ESTATEDUDLEYDY2 0XW

Company No

03950507

Company Status

Active - Accounts Filed

Company Summary

Registered Address BLOCK 3 UNIT 14 PEARTREE LANE
GRAZEBROOK INDUSTRIAL ESTATE
DUDLEY
DY2 0XW

Trading Address Block 3, Unit 14
Grazebrook Industrial Park
Peartree Lane
Dudley, West Midlands
DY2 0XW

Website Address http://www.nikalsteels.co.uk

Telephone Number 01384243717

Fax Number

TPS No

FPS No

Incorporation Date 17/03/2000

Previous Name

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 25/04/2015

Currency GBP

Share Capital £100

SIC07 32990

Charity Number -

SIC07 Description OTHER MANUFACTURING N.E.C.

Principal Activity

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

31/12/2014 - - £812,670 -

31/12/2013 - - £809,349 -

31/12/2012 - - £705,380 -

Mortgage Summary

Total Mortgage 8

Outstanding 5

Satisfied 3

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.

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

The latest Balance Sheet indicates a very positive net working capital position.

There has been an increase in shareholders funds compared with the previous balance sheet.

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	5

Current Directors

Name	Ian Andrew Bullock	Date of Birth	22/04/1962
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	17/08/2000
Address	5 Fiery Hill Road, Barnt Green, Birmingham, B45 8LB

Name	Jonathan William Robert Finley	Date of Birth	15/03/1976
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	01/10/2012
Address	30 Denbigh Close, Dudley, West Midlands, DY1 2RJ

Current Company Secretary

Name	Lynne Bullock	Date of Birth	-
Officers Title	Mrs	Nationality	British
Present Appointments	1	Function	Company Secretary
Appointment Date	11/05/2000
Address	Block 3 Unit 14 Peartree Lane, Grazebrook Industrial Estate, Dudley, West Midlands, DY2 0XW

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
IAN A. BULLOCK	GBP	70	ORDINARY	1	70
MR ALEXANDER BULLOCK	GBP	10	ORDINARY	1	10
MR NIKOLAS BULLOCK	GBP	10	ORDINARY	1	10
LYNNE BULLOCK	GBP	10	ORDINARY	1	10

Profit & Loss

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Turnover	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Cost of Sales	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Gross Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Wages & Salaries	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Directors Emoluments	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Operating Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Depreciation	£88,337	110.9%	£41,894	87.9%	£22,292	-26%	£30,113	15.1%	£26,157
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Audit Fees	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Interest Payments	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Pre Tax Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Taxation	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Profit After Tax	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Tangible Assets	£394,678	55.7%	£253,405	274.5%	£67,670	-29.4%	£95,818	10.1%	£87,033
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Total Fixed Assets	£394,678	55.7%	£253,405	274.5%	£67,670	-29.4%	£95,818	10.1%	£87,033
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Stock	£487,161	65.7%	£294,070	-12%	£334,064	27.1%	£262,790	5.9%	£248,095
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Trade Debtors	£909,543	-8.3%	£991,888	-24.4%	£1,312,867	57.9%	£831,327	81.9%	£457,109
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Cash	£61,251	-80.2%	£309,253	613.3%	£43,354	-69.2%	£140,538	-58.7%	£340,601
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Other Debtors	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Total Current Assets	£1,457,955	-8.6%	£1,595,211	-5.6%	£1,690,285	36.9%	£1,234,655	18.1%	£1,045,805
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Trade Creditors	£721,929	-15.4%	£852,852	-18.5%	£1,046,749	69%	£619,334	41.2%	£438,472
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Other Short Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Total Current Liabilities	£721,929	-15.4%	£852,852	-18.5%	£1,046,749	69%	£619,334	41.2%	£438,472
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	£318,034	70.6%	£186,415	999.9%	£5,826	-37.5%	£9,315	13.3%	£8,221
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Total Long Term Liabilities	£318,034	70.6%	£186,415	999.9%	£5,826	-37.5%	£9,315	13.3%	£8,221

Capital & Reserves

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Called Up Share Capital	£100	-	£100	-	£100	-	£100	-	£100
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	P & L Account Reserve	£812,570	0.4%	£809,249	14.7%	£705,280	0.5%	£701,724	2.3%	£686,045
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Sundry Reserves	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Shareholder Funds	£812,670	0.4%	£809,349	14.7%	£705,380	0.5%	£701,824	2.3%	£686,145

Other Financial Items

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Net Worth	£812,670	0.4%	£809,349	14.7%	£705,380	0.5%	£701,824	2.3%	£686,145
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Working Capital	£736,026	-0.9%	£742,359	15.4%	£643,536	4.6%	£615,321	1.3%	£607,333
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Total Assets	£1,852,633	0.2%	£1,848,616	5.2%	£1,757,955	32.1%	£1,330,473	17.4%	£1,132,838
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Total Liabilities	£1,039,963	0.1%	£1,039,267	-1.3%	£1,052,575	67.4%	£628,649	40.7%	£446,693
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Net Assets	£812,670	0.4%	£809,349	14.7%	£705,380	0.5%	£701,824	2.3%	£686,145

Cash Flow

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Capital Employed	£1,130,704	13.6%	£995,764	40%	£711,206	0%	£711,139	2.4%	£694,366
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Number of Employees	-	-	-	-	-	-	-	-	-
	Accountants	WILKES ASSOCIATES LTD
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	31/12/14	31/12/13	31/12/12	31/12/11	31/12/10
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Pre-tax profit margin %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Current ratio	2.02	1.87	1.61	1.99	2.39
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Sales/Net Working Capital	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Gearing %	39.10	23	0.80	1.30	1.20
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Equity in %	43.90	43.80	40.10	52.70	60.60
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Creditor Days	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Debtor Days	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Liquidity/Acid Test	1.34	1.52	1.29	1.56	1.81
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Return On Capital Employed %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Return On Total Assets Employed %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Current Debt Ratio	0.88	1.05	1.48	0.88	0.63
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Total Debt Ratio	1.27	1.28	1.49	0.89	0.65
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKAL STEELS LIMITED_files\barchart-grey.png$	Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
21/05/2015	Annual Returns
08/05/2015	New Accounts Filed
17/05/2014	New Accounts Filed
02/05/2014	Annual Returns
30/09/2013	New Accounts Filed
01/05/2013	Annual Returns
31/10/2012	New Board Member Mr J.W. Finley appointed
15/06/2012	New Accounts Filed
25/04/2012	Annual Returns
09/08/2011	New Accounts Filed
12/05/2011	Annual Returns
20/03/2010	New Accounts Filed
17/03/2010	Annual Returns
30/03/2009	New Accounts Filed
15/03/2009	Annual Returns

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 Structure Full

No Group Structure

Mortgage Details

Mortgage Type:
Date Charge Created:	09/08/13
Date Charge Registered:	09/08/13
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC EQUIPMENT FINANCE (UK) LIMITED;HSBC ASSET FINANCE (UK) LIMITED;
Amount Secured:
Details:	ASSIGNMENTCONTAINS FIXED CHARGE.NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE.
Mortgage Type:	LEGAL ASSIGNMENT OF CONTRACT MONIES
Date Charge Created:	09/10/12
Date Charge Registered:	10/10/12
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 TO THE COMPANY UNDER CONDITION 13 OF THE AGREEMENT FOR THE PURCHASE OF DEBTSAND ANY DISCOUNTINGALLOWANCE DUE UNDER THE CONTRACT THE BENEFIT OF ALL THE OTHER PROVISIONS OF THECONTRACT AND ALL SECURITIES IN RESPECT OF THAT CREDIT BALANCE

Mortgage Type:	FIXED CHARGE ON NON-VESTING DEBTS AND FLOATING CHARGE
Date Charge Created:	29/06/12
Date Charge Registered:	04/07/12
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 UNDER THETERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	BY WAY OF FIRST FIXED CHARGE ALL DEBTS AND ALL EXPORT DEBTS PURPORTEDLY ASSIGNED TO THE SECURITY HOLDER PURSUANT TO THEDEBT PURCHASE AGREEMENT. ALL ASSOCIATEDRIGHTS RELATING TO ANY NON-VESTING DOMESTIC DEBTS AND NON-VESTING EXPORT DEBTS. BY WAY OF FIRST FIXED CHARGE THE EXCLUDED PROCEEDS AND BY WAYOF FIRST FLOATING CHARGE ALL PRESENT AND FUTURE ASSETS UNDERTAKING AND ALL OTHER PROPERTY AND ASSETS
Mortgage Type:	RENT DEPOSIT DEED
Date Charge Created:	30/07/04
Date Charge Registered:	05/08/04
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HULBERT PROPERTIES 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:	THE SUM OF £10,281.25 AND ANY SUMS PAIDAND ANY SUCH INTEREST EARNED ON SUCH MONIES AND RETAINED INTHE ACCOUNT

Mortgage Type:	DEBENTURE
Date Charge Created:	25/06/04
Date Charge Registered:	02/07/04
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 CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY
Mortgage Type:	DEBENTURE
Date Charge Created:	12/07/01
Date Charge Registered:	25/07/01
Date Charge Satisfied:	26/07/06
Status:	SATISFIED
Person(s) Entitled:	LLOYDS TSB 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 CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY

Mortgage Type:	DEBENTURE
Date Charge Created:	19/06/00
Date Charge Registered:	28/06/00
Date Charge Satisfied:	04/10/02
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS 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 CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY
Mortgage Type:	DEED OF CHARGE OVER CREDIT BALANCES
Date Charge Created:	19/06/00
Date Charge Registered:	28/06/00
Date Charge Satisfied:	04/10/02
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	A FIXED CHARGE OVER ALL THE DEPOSITS (AS DEFINED) TOGETHER WITH ALL INTEREST FROM TIME TO TIME THEREON SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Paul Harold Wilkes	11	6
Janet Helen Wilkes	8	2
Kevin John Lloyd	0	1
WATERLOW NOMINEES LIMITED	3006	104288
WATERLOW SECRETARIES LIMITED	3102	107211
Average Invoice Value		Ł406.32
Invoices available		85
Paid		83
Outstanding		2

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	7	17	44	9	6
Outstanding	2	0	0	0	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.99
UK Pound	1	Rs.101.78
Euro	1	Rs.73.47
GBP	1	Rs.101.58

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

INFORMATION DETAILS

Analysis Done by :	TRI

Report Prepared by :	TRU

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.