MIRA INFORM REPORT

Report No. :	348945
Report Date :	04.11.2015

IDENTIFICATION DETAILS

Name :	AMG SUPERALLOYS UK LIMITED
Formerly Known As :	LONDON & SCANDINAVIAN METALLURGICAL CO LIMITED
Registered Office :	Amg Superalloys Uk Limited Fullerton Road Rotherham S60 1DL
Country :	United Kingdom
Financials (as on) :	31.12.2014
Date of Incorporation :	15.10.1938
Com. Reg. No.:	00345279
Legal Form :	Private limited with Share Capital
Line of Business :	Subject is engaged in manufacture and merchant principally metallurgical products. Accounts data converted from US dollars.
No. of Employees :	232 (2014)

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	No Complaints
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	A1	A1

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

AMG SUPERALLOYS UK LIMITED

AMG SUPERALLOYS UK LIMITEDFULLERTON ROADROTHERHAMS60 1DL

Company No

00345279

Company Status

Active - Accounts Filed

Company Summary

Registered Address AMG SUPERALLOYS UK LIMITED
FULLERTON ROAD
ROTHERHAM
S60 1DL

Trading Address Fullerton Road
Rotherham
South Yorkshire
S60 1DL

Website Address http://www.amg-s.com

Telephone Number 01709828500

Fax Number

TPS No

FPS No

Incorporation Date 15/10/1938

Previous Name LONDON & SCANDINAVIAN METALLURGICAL CO LIMITED

Type Private limited with Share Capital

FTSE Index -

Date of Change 30/12/2013

Filing Date of Accounts 30/09/2015

Currency GBP

Share Capital £16,000,000

SIC07 20590

Charity Number -

SIC07 Description MANUFACTURE OF OTHER CHEMICAL PRODUCTS N.E.C.

Principal Activity A group engaged in manufacture and merchant principally metallurgical products. Accounts data converted from US dollars.

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

31/12/2014 £112,995,973 £3,955,239 £40,353,865 232

31/12/2013 £118,214,168 -£1,138,179 £40,059,418 262

31/12/2012 £123,763,851 £5,896,331 £53,729,377 345

Mortgage Summary

Total Mortgage 12

Outstanding 1

Satisfied 11

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 Large company in respect of the rating/limit generated.

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.

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

The company has more cash than short term bank borrowings.

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	5
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	31

Current Directors

Name	Eric Emil Jackson	Date of Birth	13/04/1952
Officers Title	Mr	Nationality	American
Present Appointments	3	Function	Director
Appointment Date	12/11/1998
Address	Amg Superalloys Uk Limited Fullerton Road, Rotherham, South Yorkshire, S60 1DL

Name	Kevin Lawson	Date of Birth	21/08/1968
Officers Title	Mr	Nationality	Welsh
Present Appointments	5	Function	Director
Appointment Date	20/12/2013
Address	Amg Superalloys Uk Limited Fullerton Road, Rotherham, South Yorkshire, S60 1DL

Name	Amy Ard	Date of Birth	29/12/1973
Officers Title	Ms	Nationality	American
Present Appointments	2	Function	Director
Appointment Date	06/06/2013
Address	Amg Superalloys Uk Limited Fullerton Road, Rotherham, South Yorkshire, S60 1DL

Name	Leonora Maria Scaife	Date of Birth	07/01/1971
Officers Title	Mrs	Nationality	British
Present Appointments	5	Function	Director
Appointment Date	20/12/2013
Address	Amg Superalloys Uk Limited Fullerton Road, Rotherham, South Yorkshire, S60 1DL

Name	Dennis Richard Shea	Date of Birth	03/12/1963
Officers Title	Mr	Nationality	American
Present Appointments	1	Function	Director
Appointment Date	20/12/2013
Address	Building 200 435 Devon Park Drive, Wayne, Pa 19087

Current Company Secretary

Name	Leonora Maria Scaife	Date of Birth	-
Officers Title	Mrs	Nationality
Present Appointments	1	Function	Company Secretary
Appointment Date	20/12/2013
Address	Amg Superalloys Uk Limited Fullerton Road, Rotherham, South Yorkshire, S60 1DL

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
METALLURG EUROPE LTD	GBP	16,000,000	ORDINARY	1	100

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	Y	(%)	Y	(%)	Y	(%)	Y	(%)	Y
	Turnover	£112,995,973	-4.4%	£118,214,168	-4.5%	£123,763,851	-39.4%	£204,364,409	23.9%	£164,964,530
	Export	-	-	-	-	-	-	-	-	-
	Cost of Sales	£103,707,665	-8%	£112,707,467	-1%	£113,812,485	-39.2%	£187,083,000	26.9%	£147,439,056
	Gross Profit	£9,288,308	68.7%	£5,506,701	-44.7%	£9,951,367	-42.4%	£17,281,410	-1.4%	£17,525,474
	Wages & Salaries	£9,976,893	-14.3%	£11,647,191	-20.8%	£14,703,891	0.5%	£14,623,822	-5.8%	£15,531,407
	Directors Emoluments	£769,129	-55.2%	£1,715,851	36.4%	£1,257,695	-4.8%	£1,321,092	-2.7%	£1,358,184
	Operating Profit	£4,080,676	472.6%	-£1,095,266	-118%	£6,090,864	-32.7%	£9,055,395	3.8%	£8,720,495
	Depreciation	£1,070,179	-9.9%	£1,188,354	-11.5%	£1,343,265	-28.6%	£1,880,584	-1.3%	£1,905,714
	Audit Fees	£87,806	4.7%	£83,845	-3.4%	£86,801	16.4%	£74,558	-39.5%	£123,178
	Interest Payments	£208,622	146.9%	£84,505	-59.7%	£209,924	-93.3%	£3,136,361	-9.8%	£3,478,009
	Pre Tax Profit	£3,955,239	447.5%	-£1,138,179	-119.3%	£5,896,331	-40.9%	£9,979,050	10.6%	£9,019,089
	Taxation	-£746,683	-273.2%	£431,108	179.1%	-£544,817	76.5%	-£2,321,153	-214.9%	-£737,134
	Profit After Tax	£3,208,556	553.8%	-£707,071	-113.2%	£5,351,514	-30.1%	£7,657,896	-7.5%	£8,281,955
	Dividends Payable	-	-100%	£13,468,013	337.5%	£3,078,060	-	-	-	-
	Retained Profit	£3,199,974	122.6%	-£14,132,171	-999.9%	£706,722	-86.8%	£5,346,602	-35%	£8,222,624

Balance Sheet

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
	Tangible Assets	£20,211,923	82.4%	£11,078,761	10.1%	£10,060,946	-25.5%	£13,503,605	-10.7%	£15,126,403
	Intangible Assets	£1,309,170	-1.2%	£1,325,675	22.1%	£1,085,939	16.7%	£930,433	-4.5%	£973,817
	Total Fixed Assets	£21,521,093	73.5%	£12,404,437	11.3%	£11,146,885	-22.8%	£14,434,038	-10.3%	£16,100,219
	Stock	£10,187,496	-41.4%	£17,384,301	5.3%	£16,515,637	-37%	£26,227,124	-17.9%	£31,946,988
	Trade Debtors	£10,052,156	-25.6%	£13,509,606	21.9%	£11,081,015	-47.2%	£20,997,597	1.6%	£20,658,455
	Cash	£12,065,095	13.8%	£10,599,459	-32.6%	£15,731,963	240.4%	£4,621,357	-10.2%	£5,144,460
	Other Debtors	£13,575,626	-16.2%	£16,201,228	-7.4%	£17,500,616	4.1%	£16,806,951	24.6%	£13,485,103
	Miscellaneous Current Assets	£623,226	27.2%	£489,866	-9%	£538,045	-17.9%	£655,000	-51%	£1,336,902
	Total Current Assets	£46,503,598	-20.1%	£58,184,459	-5.2%	£61,367,274	-11.5%	£69,308,029	-4.5%	£72,571,908
	Trade Creditors	£11,431,307	-48%	£21,994,454	94.1%	£11,329,722	-41%	£19,216,834	-13.6%	£22,249,452
	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
	Other Short Term Finance	£7,997,623	313.3%	£1,935,037	-23.1%	£2,517,853	-6.8%	£2,700,721	31.6%	£2,052,754
	Miscellaneous Current Liabilities	£2,282,300	21.8%	£1,873,638	-20%	£2,341,172	-44.2%	£4,198,657	-21.1%	£5,321,166
	Total Current Liabilities	£21,711,230	-15.9%	£25,803,129	59.4%	£16,188,747	-38%	£26,116,212	-11.8%	£29,623,372
	Bank Loans & Overdrafts and LTL	£5,959,596	26.1%	£4,726,348	82.1%	£2,596,035	39.7%	£1,857,785	-7.5%	£2,007,610
	Other Long Term Finance	0	-	0	-	0	-	0	-	0
	Total Long Term Liabilities	£5,959,596	26.1%	£4,726,348	82.1%	£2,596,035	39.7%	£1,857,785	-7.5%	£2,007,610

Capital & Reserves

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
	Called Up Share Capital	£20,266,719	-	£20,266,719	7.2%	£18,898,055	-0.1%	£18,915,522	-4.5%	£19,797,498
	P & L Account Reserve	£11,273,520	39.7%	£8,068,264	-53.2%	£17,250,677	-13.7%	£19,990,757	7.8%	£18,551,528
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	£8,813,626	-24.8%	£11,724,434	-33.3%	£17,580,645	4.3%	£16,861,791	-9.8%	£18,692,119
	Shareholder Funds	£40,353,865	0.7%	£40,059,418	-25.4%	£53,729,377	-3.7%	£55,768,070	-2.2%	£57,041,145

Other Financial Items

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
	Net Worth	£39,044,695	0.8%	£38,733,743	-26.4%	£52,643,438	-4%	£54,837,636	-2.2%	£56,067,329
	Working Capital	£24,792,368	-23.4%	£32,381,330	-28.3%	£45,178,527	4.6%	£43,191,817	0.6%	£42,948,536
	Total Assets	£68,024,691	-3.6%	£70,588,895	-2.7%	£72,514,159	-13.4%	£83,742,067	-5.6%	£88,672,127
	Total Liabilities	£27,670,826	-9.4%	£30,529,478	62.5%	£18,784,782	-32.8%	£27,973,997	-11.6%	£31,630,982
	Net Assets	£40,353,865	0.7%	£40,059,418	-25.4%	£53,729,377	-3.7%	£55,768,070	-2.2%	£57,041,145

Cash Flow

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
	Net Cashflow from Operations	£12,509,408	51.5%	£8,259,721	-62.7%	£22,156,489	999.9%	£1,478,834	-69.3%	£4,814,910
	Net Cashflow before Financing	£1,465,637	123.4%	-£6,271,869	-156.4%	£11,114,873	999.9%	-£245,856	-109.3%	£2,630,595
	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
	Increase in Cash	£1,465,637	123.4%	-£6,271,869	-156.4%	£11,114,873	999.9%	-£245,856	-109.3%	£2,630,595

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
	Capital Employed	£46,313,461	3.4%	£44,785,766	-20.5%	£56,325,412	-2.3%	£57,625,855	-2.4%	£59,048,755
	Number of Employees	232	-11.5%	262	-24.1%	345	0.9%	342	10.3%	310
	Accountants
	Auditors	ERNST & YOUNG LLP
	Auditor Comments	The audit report contains no adverse comments
	Bankers	HSBC BANK PLC
	Bank Branch Code	40-39-07

Ratios

	Date Of Accounts	31/12/14	31/12/13	31/12/12	31/12/11	31/12/10
	Pre-tax profit margin %	3.50	-0.96	4.76	4.88	5.47
	Current ratio	2.14	2.25	3.79	2.65	2.45
	Sales/Net Working Capital	4.56	3.65	2.74	4.73	3.84
	Gearing %	14.80	11.80	4.80	3.30	3.50
	Equity in %	60.50	57.80	75.20	67.30	65
	Creditor Days	36.82	67.72	33.32	34.22	49.09
	Debtor Days	32.38	41.59	32.59	37.39	45.58
	Liquidity/Acid Test	1.67	1.58	2.77	1.64	1.37
	Return On Capital Employed %	8.54	-2.54	10.46	17.31	15.27
	Return On Total Assets Employed %	5.81	-1.61	8.13	11.91	10.17
	Current Debt Ratio	0.53	0.64	0.30	0.46	0.51
	Total Debt Ratio	0.68	0.76	0.34	0.50	0.55
	Stock Turnover Ratio %	9.01	14.70	13.34	12.83	19.36
	Return on Net Assets Employed %	9.80	-2.84	10.97	17.89	15.81

Report Notes

There are no notes to display.

Status History

No Status History found

*Event History

Date	Description
26/10/2015	Payment Data Update Recieved
20/10/2015	Payment Data Update Recieved
20/10/2015	New Accounts Filed
20/10/2015	New Accounts Filed
15/09/2015	Payment Data Update Recieved
07/08/2015	Payment Data Update Recieved
17/07/2015	Payment Data Update Recieved
14/07/2015	Payment Data Update Recieved
10/07/2015	Annual Returns
09/04/2015	Mr J.Y. Crisnaire has left the board
24/10/2014	New Accounts Filed
24/10/2014	New Accounts Filed
08/07/2014	Annual Returns
30/05/2014	Change in Reg.Office
01/01/2014	Change of Name

Previous Company Names

Date	Previous Name
30/12/2013	LONDON & SCANDINAVIAN METALLURGICAL CO LIMITED

Writ Details

No writs found

Statistics

Group	11 companies
Linkages	23 companies
Countries	In 4 countries

Summary

Holding Company	METALLURG EUROPE LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	AMG ADVANCED METALLURGICAL GROUP N.V.

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
AMG ADVANCED METALLURGIC...	34261128	31.12.2014	Y	€984,687,191
ALD VACUUM TECHNOLOGIE...	HRB 92377	31.12.2013	Y	€194,099,000
A L D VACUUM TECHNOL...	03016363	31.12.2013	N	£1,234,927
AMG BRAZILIAN HOLDING...	34326772	31.12.2013	N
AMG ALUMINUM UK LIMITED	08269137	31.12.2014	N	£48,648,577
METALLURG EUROPE LIM...	04057900	31.12.2014	N
AMG SUPERALLOYS UK...	00345279	31.12.2014	Y	£112,995,973
AMG UK GROUP PENS...	09136261	-	N
AMG ALPOCO UK LIM...	00961050	31.12.2014	N	£32,329,834
GRAPHIT KROPFMÜHL AKTI...	HRB 41043	30.06.2012	N	€63,667,000
BRANWELL GRAPHITE LI...	03843972	30.06.2015	N

Other Linked Companies

Name	Number	Latest Key Financials	Turnover
ALD OWN & OPERATE GMBH	HRB 6516	31.12.2009	€189,418
VACUHEAT GMBH	HRB 17160	31.12.2012	€7,653,399
ALD INDUSTRIE- UND MONTAGEPARK STAAKEN GMBH	HRB 106258 B	31.12.2013	€13,874,137
AMG INVEST GMBH	HRB 89293	31.12.2014	€977,157,372
SUDAMIN SPRL	457637585	31.12.2014
ESTER SEPARATION GMBH	HRB 92221	31.12.2013
ESTER-TECHNOLOGIE GMBH	HRB 7622	31.12.2013	€26,114
VACUHEAT VERWALTUNGSGESELLSCHAFT MBH	HRB 91559	31.12.2013
AMG COATING TECHNOLOGIES GMBH	HRB 92068	31.12.2012	€108,649
AMG INTELLIFAST GMBH	HRB 90899	31.12.2013	€2,483,763
AMG ADVANCED METALLURGICAL GROUP INVESTMENT B.V.	34318834	31.12.2013
CIF HOLDING BRAZIL B.V.	34361497	31.12.2013
ALD THERMAL TREATMENT INC		-
GLOBAL TITANIUM INC		-	$37,000
AMG VANADIUM, INC		-
METALLURG, INC		-
METALLURG HOLDINGS CORP		-	$283,300,000
AMG ALUMINUM NORTH AMERICAN, LLC		-
AMG ADVANCED METALLURGICAL GROUP N.V		-
KBA CHINA HOLDING, LLC		-	$2,002,000

Mortgage Details

Mortgage Type:
Date Charge Created:	27/05/15
Date Charge Registered:	29/05/15
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	LLOYDS BANK PLC AS SECURITY AGENT (AS TRUSTEE FOR EACH OF THE SECURED PARTIES);
Amount Secured:
Details:	CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.
Mortgage Type:	FIXED AND FLOATING SECURITY DOCUMENT
Date Charge Created:	11/05/11
Date Charge Registered:	17/05/11
Date Charge Satisfied:	29/05/15
Status:	SATISFIED
Person(s) Entitled:	COMMERZBANK AKTIENGESELLSCHAFT, LUXEMBOURG BRANCH;
Amount Secured:
Details:	(FOR DETAILS OF ACTUAL PROPERTIES CHARGED PLEASE REFER TO THE FORM MG01); FIXEDAND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOK DEBTS, UNCALLED CAPITAL, FIXTURES, FIXED PLANT & MACHINERY. SEE IMAGE FOR FULL DETAILS

Mortgage Type:	SECURITY AGREEMENT
Date Charge Created:	13/02/08
Date Charge Registered:	15/02/08
Date Charge Satisfied:	13/05/11
Status:	SATISFIED
Person(s) Entitled:	CREDIT SUISSE, LONDON BRANCH
Amount Secured:
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:	SECURITY OVER SHARES AGREEMENT
Date Charge Created:	25/09/07
Date Charge Registered:	09/10/07
Date Charge Satisfied:	13/05/11
Status:	SATISFIED
Person(s) Entitled:	CREDIT SUISSE, LONDON BRANCH
Amount Secured:
Details:	THE CHARGED SHARES AND ANY DIVIDEND INTEREST OR OTHER DISTRIBUTION PAID OR PAYABLESEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	SECURITY OVER SHARES AGREEMENT
Date Charge Created:	25/09/07
Date Charge Registered:	09/10/07
Date Charge Satisfied:	13/05/11
Status:	SATISFIED
Person(s) Entitled:	CREDIT SUISSE, LONDON BRANCH
Amount Secured:
Details:	THE CHARGED SHARES AND ANY DIVIDEND INTEREST OR OTHER DISTRIBUTION PAID OR PAYABLESEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	GUARANTEE & DEBENTURE
Date Charge Created:	13/08/04
Date Charge Registered:	27/08/04
Date Charge Satisfied:	12/10/05
Status:	SATISFIED
Person(s) Entitled:	MHR INSTITUTIONAL PARTNERS II LP AS AGENT AND TRUSTEE FOR THE LENDERS (THE COLLATERAL AGENT)
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO ANY OF THE SECURED PARTIES UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	F/H PROPERTY K/A LAND AND BUILDINGS AT FULLERTON ROAD CANKLOW ROTHERHAM SOUTH YORKSHIRE T/NOS SYK202952, SYK203434, SYK388369 AND SYK405963. ALL ESTATES OR INTERESTS IN THE F/H L/H AND OTHER IMMOVABLEPROPERTY AND THE PROCEEDS OF SALE THEREOF AND ALL BUILDINGS AND TRADE AND OTHER FIXTURES, ALL PLANTMACHINERY VEHICLESCOMPUTERS AND OFFICE AND OTHER EQUIPMENT, THE SHARES AND INVESTMENTS, THE GOODWILL, ALL COPYRIGHTS, THE ACCOUNTS AND ALL MONETARY CLAIMS. BY WAY OF FLOATING CHARGE THE UNDERTAKING AND ALL ITS PROPERTY ASSETS AND RIGHTS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	03/08/04
Date Charge Registered:	21/08/04
Date Charge Satisfied:	20/01/09
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:	F/H PROPERTY K/A LAND AT FULLERTON ROAD, CANKLOW, ROTHERHAM, SOUTH YORKSHIRE S60 1DL T/N SYK405963
Mortgage Type:	DEBENTURE
Date Charge Created:	22/04/04
Date Charge Registered:	05/05/04
Date Charge Satisfied:	20/01/09
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:	LEGAL CHARGE
Date Charge Created:	22/04/04
Date Charge Registered:	05/05/04
Date Charge Satisfied:	20/01/09
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:	F/H LAND AND BUILDINGS AT FULLERTON ROAD CANKLOW ROTHERHAM SOUTH YORKSHIRE T/NOSYK388369
Mortgage Type:	DEBENTURE
Date Charge Created:	22/04/04
Date Charge Registered:	30/04/04
Date Charge Satisfied:	20/01/09
Status:	SATISFIED
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:	LEGAL MORTGAGE
Date Charge Created:	22/04/04
Date Charge Registered:	30/04/04
Date Charge Satisfied:	20/01/09
Status:	SATISFIED
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:	LAND AND BUILDINGS SITUATED AT FULLERTON ROAD, CANKLOW T/NOS. SYK405963 AND SYK388369 WITH THE BENEFIT OF ALL RIGHTS LICENCES GUARANTEES RENT DEPOSITS CONTRACTS DEEDS UNDERTAKINGS AND WARRANTIES RELATINGTO THE PROPERTY ANY SHARES OR MEMBERSHIP RIGHTS IN ANY MANAGEMENT COMPANY FOR THE PROPERTY ANY GOODWILL OF ANY BUSINESSFROM TIME TO TIME CARRIED ON AT THE PROPERTY ANY RENTAL AND OTHER MONEY PAYABLEUNDER ANY LEASE LICENCE OR OTHER INTEREST CREATED IN RESPECT OF THE PROPERTY AND ALL OTHER PAYMENTSWHATEVER IN RESPECTOF THE PROPERTY
Mortgage Type:	GUARANTEE AND DEBENTURE
Date Charge Created:	14/08/75
Date Charge Registered:	27/08/75
Date Charge Satisfied:	15/08/91
Status:	SATISFIED
Person(s) Entitled:	T S NORBURG & CO LTD
Amount Secured:	FOR SECURING ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNTWHATSOEVER
Details:	FIXED AND FLOATING CHARGE ON THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL UNCALLEDCAPITAL TOGETHER WITH THE BUILDINGS FIXTURES INCLUDING TRADE FIXTURES AND FIXEDPLANT AND MACHINERY FROM TIME TO TIME THEREON

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Andrew Sims	0	1
Geoffrey Cheetham	0	1
Jonathan Hamer	16	6
Andrew William Wignall	2	19
Christopher Laurin Crowther	0	8
James Pearson	0	11
John Michael Bradbury	1	2
Ernst Ignaz Grunfeld	0	2
James Leslie Frederick Kellie	1	6
Stephen Walter Kober	1	10
Michael Alan Standen	0	1
Stuart Ross Thistlethwaite	0	1
Leslie Ranson	1	7
Aeneas Ranald Euan MacDonell	0	12
Aeneas Ranald Euan MacDonell	0	12
Douglas Arthur Seward	7	6
Martin Anthony Kearns	0	6
Alan David Ewart	0	11
Charles Henry Entrekin	0	5
David Jonathan Elliott Beare	11	15
David Jonathan Elliott Beare	11	15
Charles Keene Yarbrough	0	2
Terence John Busby	5	48
Michael David Richards	3	4
Itamar Dutra Pereira De Resende	1	3
William Levy	0	2
Jonathan Hamer	16	6
Julien Yann Crisnaire	0	4
Andrew Roger Dixey	14	39
James Christopher Stokes	1	1
Scott Robson Carr	3	3
Average Invoice Value		Ł258.95
Invoices available		168
Paid		166
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	111	38	13	3	1
Outstanding	2	0	0	0	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.65.45
UK Pound	1	Rs.100.96
Euro	1	Rs.72.10

INFORMATION DETAILS

Analysis Done by :	DIV
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.