MIRA INFORM REPORT

Report No. :	353931
Report Date :	18.12.2015

IDENTIFICATION DETAILS

Name :	DELTA TECHNOLOGIES LIMITED

Registered Office :	44 Old Town Mews Stratford Upon Avon Warwickshire CV37 6GP

Country :	United Kingdom

Financials (as on) :	31.03.2014

Date of Incorporation :	21.02.2012

Com. Reg. No.:	07958287

Legal Form :	Private limited with Share Capital

Line of Business :	Information Technology Consultancy Activities

Employees:	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
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 AND ADDRESS

Company Name: DELTA TECHNOLOGIES LIMITED

Company No: 07958287

Company Status: Active - Accounts Filed

Registered Address: 44 OLD TOWN MEWS STRATFORD UPON AVON WARWICKSHIRE CV37 6GP

Company Summary

Registered Address

44 OLD TOWN MEWS
STRATFORD UPON AVON
WARWICKSHIRE
CV37 6GP

Trading Address

44 Old Town Mews
Old Town
Stratford-Upon-Avon
Warwickshire
CV37 6GP

Website Address

http://www.delta-technologies.com

Telephone Number -

TPS -

FPS No

Incorporation Date 21/02/2012

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 20/01/2015

Currency GBP

Share Capital £100

SIC07 62020

Charity Number -

SIC07 Description INFORMATION TECHNOLOGY CONSULTANCY ACTIVITIES

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

31/03/2014 - - £143 -

31/03/2013 - - £3,719 -

- - - - -

Mortgage Summary

Total Mortgage 0

Outstanding 0

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 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.
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	1
Total Current Secretaries	0
Total Previous Directors / Company Secretaries	0

Current Directors

Name	Colin Thomas Farrelly	Date of Birth	29/10/1973
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	21/02/2012
Address	Colin Farrelly Old Town, 44 Old Town Mews , Old Town, CV37 6GP

Current Company Secretary

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
COLIN THOMAS FARRELLY	GBP	100	ORDINARY	1	100

FINANCIALS

Profit & Loss

Date Of Accounts	31/03/14	(%)	31/03/13	(%)	-	(%)	-	(%)	-
Weeks	52	(%)	52	(%)	-	(%)	-	(%)	-
Currency	GBP	(%)	GBP	(%)	-	(%)	-	(%)	-
Consolidated A/cs	N	(%)	N	(%)	-	(%)	-	(%)	-
Turnover	-	-	-	-	-	-	-	-	-
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-
Wages & Salaries	-	-	-	-	-	-	-	-	-
Directors Emoluments	-	-	-	-	-	-	-	-	-
Operating Profit	-	-	-	-	-	-	-	-	-
Depreciation	-	-	-	-	-	-	-	-	-
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	-	-	-
Taxation	-	-	-	-	-	-	-	-	-
Profit After Tax	-	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

Date Of Accounts	31/03/14	(%)	31/03/13	(%)	-	(%)	-	(%)	-
Tangible Assets	0	-	0	-	-	-	-	-	-
Intangible Assets	0	-	0	-	-	-	-	-	-
Total Fixed Assets	0	-	0	-	-	-	-	-	-
Stock	0	-	0	-	-	-	-	-	-
Trade Debtors	£8,796	516.8%	£1,426	-	-	-	-	-	-
Cash	£4,974	999.9%	£4	-	-	-	-	-	-
Other Debtors	0	-100%	£11,653	-	-	-	-	-	-
Miscellaneous Current Assets	0	-	0	-	-	-	-	-	-
Total Current Assets	£13,770	5.3%	£13,083	-	-	-	-	-	-
Trade Creditors	£13,627	45.5%	£9,364	-	-	-	-	-	-
Bank Loans & Overdrafts	0	-	0	-	-	-	-	-	-
Other Short Term Finance	0	-	0	-	-	-	-	-	-
Miscellaneous Current Liabilities	0	-	0	-	-	-	-	-	-
Total Current Liabilities	£13,627	45.5%	£9,364	-	-	-	-	-	-
Bank Loans & Overdrafts and LTL	0	-	0	-	-	-	-	-	-
Other Long Term Finance	0	-	0	-	0	-	-	-	-
Total Long Term Liabilities	0	-	0	-	-	-	-	-	-

Capital & Reserves

Date Of Accounts	31/03/14	(%)	31/03/13	(%)	-	(%)	-	(%)	-
Called Up Share Capital	£1	-	£1	-	-	-	-	-	-
P & L Account Reserve	£142	-96.2%	£3,718	-	-	-	-	-	-
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	£143	-96.2%	£3,719	-	-	-	-	-	-

Other Financial Items

Date Of Accounts	31/03/14	(%)	31/03/13	(%)	-	(%)	-	(%)	-
Net Worth	£143	-96.2%	£3,719	-	-	-	-	-	-
Working Capital	£143	-96.2%	£3,719	-	-	-	-	-	-
Total Assets	£13,770	5.3%	£13,083	-	-	-	-	-	-
Total Liabilities	£13,627	45.5%	£9,364	-	-	-	-	-	-
Net Assets	£143	-96.2%	£3,719	-	-	-	-	-	-

Cash Flow

Date Of Accounts	31/03/14	(%)	31/03/13	(%)	-	(%)	-	(%)	-
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	31/03/14	(%)	31/03/13	(%)	-	(%)	-	(%)	-
Contingent Liability	NO	-	NO	-	-	-	-	-	-
Capital Employed	£143	-96.2%	£3,719	-	-	-	-	-	-
Number of Employees	-	-	-	-	-	-	-	-	-
Accountants
Auditors
Auditor Comments	The company is exempt from audit
Bankers
Bank Branch Code

Ratios

Date Of Accounts	31/03/14	31/03/13	-	-	-
Pre-tax profit margin %	-	-	-	-	-
Current ratio	1.01	1.40	-	-	-
Sales/Net Working Capital	-	-	-	-	-
Gearing %	0	0	-	-	-
Equity in %	1	28.40	-	-	-
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	1.01	1.39	-	-	-
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	95.29	2.51	-	-	-
Total Debt Ratio	95.29	2.51	-	-	-
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
08/03/2015	Annual Returns
23/01/2015	New Accounts Filed
05/03/2014	Annual Returns
15/11/2013	New Accounts Filed
26/03/2013	Annual Returns
23/02/2012	New Board Member Mr C.T. Farrelly appointed

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

Previous Director/Company Secretaries

No Previous Director Details
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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.65
UK Pound	1	Rs.99.61
Euro	1	Rs.72.33
GBP	1	Rs.99.12

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

INFORMATION DETAILS

Analysis Done by :	KAR

Report Prepared by :	SDA

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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