MIRA INFORM REPORT

Report No. :	352100
Report Date :	30.11.2015

IDENTIFICATION DETAILS

Name :	HEXSTONE LTD.

Formerly Known as:	W.M.OWLETT & SONS LIMITED

Registered Office :	Opal Way Stone Business Park Stone ST15 0SW

Country :	United Kingdom

Financials (as on) :	31.12.2014

Date of Incorporation :	03.06.1947

Com. Reg. No.:	00436243

Legal Form :	Private limited with Share Capital

Line of Business :	Wholesale of hardware, plumbing and heating equipment and supplies. The wholesale of fasteners, industrial engineering products, hardware and ironmongery.

No. of Employee :	280

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 :	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

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

HEXSTONE LTD.

Company No:

00436243

Registered Address:

OPAL WAY STONE BUSINESS PARK STONE ST15 0SW

Company Summary

Registered Address	OPAL WAY STONE BUSINESS PARK STONE ST15 0SW	Trading Address	Opal Way Stone Business Park Stone Staffordshire ST15 0SW Beldray Park Mount Pleasant Bilston WV14 7NH United Kingdom
Website Address	http://www.hexstone.co.uk
Telephone Number	01785811300	Fax Number
TPS	No	FPS	No
Incorporation Date	03/06/1947
Previous Name	W.M.OWLETT & SONS LIMITED	Type	Private limited with Share Capital
FTSE Index		Date of Change	07/08/2006
Filing Date of Accounts	19/09/2015	Currency	GBP
Share Capital	£100,000	SIC07	46740
Charity Number	--
SIC07 Description	Wholesale Of Hardware, Plumbing And Heating Equipment And Supplies
Principal Activity	The wholesale of fasteners, industrial engineering products, hardware and ironmongery.

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder	Funds Employees
31/12/2014	£59,359,000	£3,052,000	£31,721,000	280
31/12/2013	£55,357,000	£2,125,000	£29,310,000	296
31/12/2012	£54,437,000	£2,230,000	£27,757,000	304

Mortgage Summary

Total Mortgage 4

Outstanding 1

Satisfied 3

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 10

Total Value of Documented Trade £38,830

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 only made late payments on a low 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 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	5
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	12

Current Directors

Name	Douglas Talbot McNair	Date of Birth	16/08/1947
Officers Title	Mr	Nationality	British
Present Appointments	190	Function	Director
Appointment Date	23/11/2006
Address	Opal Way, Stone Business Park, Stone, Staffordshire, ST15 0SW

Name	Keith Harrison	Date of Birth	26/08/1952
Officers Title	Mr	Nationality	British
Present Appointments	14	Function	Director
Appointment Date	01/11/2006
Address	Opal Way, Stone Business Park, Stone, Staffordshire, ST15 0SW

Name	Stephen Davies	Date of Birth	24/08/1959
Officers Title	Mr	Nationality	British
Present Appointments	19	Function	Director
Appointment Date	01/11/2006
Address	Opal Way, Stone Business Park, Stone, Staffordshire, ST15 0SW

Name	Roger David Goddard	Date of Birth	25/11/1953
Officers Title	Mr	Nationality	British
Present Appointments	113	Function	Director
Appointment Date	01/11/2006
Address	Opal Way, Stone Business Park, Stone, Staffordshire, ST15 0SW

Name	Geoffrey Alan Hopwood	Date of Birth	10/04/1946
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	01/11/2006
Address	Opal Way, Stone Business Park, Stone, Staffordshire, ST15 0SW

Current Company Secretary

Name	William Sones Woof	Date of Birth	09/05/1951
Officers Title	Mr	Nationality	British
Present Appointments	184	Function	Company Secretary
Appointment Date	02/03/2006
Address	Opal Way, Stone Business Park, Stone, Staffordshire, ST15 0SW

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
ZYLO LTD	GBP	100,000	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	N	(%)	N	(%)	N	(%)	N	(%)	N
Turnover	£59,359,000	7.2%	£55,357,000	1.7%	£54,437,000	-14.4%	£63,585,000	17.1%	£54,320,000
Export	£2,454,000	46%	£1,681,000	-3.4%	£1,741,000	-23.4%	£2,274,000	184.6%	£799,000
Cost of Sales	£40,711,000	5.4%	£38,612,000	2%	£37,857,000	-9.4%	£41,782,000	16.4%	£35,902,000
Gross Profit	£18,648,000	11.4%	£16,745,000	1%	£16,580,000	-24%	£21,803,000	18.4%	£18,418,000
Wages & Salaries	£8,151,000	6.8%	£7,629,000	-2.2%	£7,801,000	-14.1%	£9,083,000	17.4%	£7,736,000
Directors Emoluments	£359,000	8.1%	£332,000	-9.5%	£367,000	-12.8%	£421,000	43.2%	£294,000
Operating Profit	£2,941,000	48%	£1,987,000	-7%	£2,136,000	-62.3%	£5,670,000	36.2%	£4,162,000
Depreciation	£394,000	4.2%	£378,000	7.4%	£352,000	-22%	£451,000	40.9%	£320,000
Audit Fees	£37,000	2.8%	£36,000	2.9%	£35,000	-22.2%	£45,000	50%	£30,000
Interest Payments	-	-	-	-100%	£7,000	-88.1%	£59,000	-24.4%	£78,000
Pre Tax Profit	£3,052,000	43.6%	£2,125,000	-4.7%	£2,230,000	192.5%	-£2,412,000	-158.1%	£4,152,000
Taxation	-£641,000	-12.1%	-£572,000	-12.6%	-£508,000	-198.8%	£514,000	-60.2%	£1,291,000
Profit After Tax	£2,411,000	55.2%	£1,553,000	-9.8%	£1,722,000	190.7%	-£1,898,000	-134.9%	£5,443,000
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	£2,411,000	55.2%	£1,553,000	-9.8%	£1,722,000	190.7%	-£1,898,000	-134.9%	£5,443,000

Balance Sheet

Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
Tangible Assets	£651,000	-17.8%	£792,000	-15.9%	£942,000	4.2%	£904,000	-65.7%	£2,637,000
Intangible Assets	£67,000	-59.9%	£167,000	-37.5%	£267,000	-	0	-	0
Total Fixed Assets	£718,000	-25.1%	£959,000	-20.7%	£1,209,000	33.7%	£904,000	-65.7%	£2,637,000
Stock	£18,645,000	9%	£17,108,000	-3.2%	£17,670,000	-15.9%	£21,001,000	29.3%	£16,244,000
Trade Debtors	£11,667,000	4.1%	£11,204,000	3.2%	£10,856,000	-18.2%	£13,268,000	33.5%	£9,937,000
Cash	£4,974,000	-28.5%	£6,960,000	314.8%	£1,678,000	-83.9%	£10,398,000	104.4%	£5,088,000
Other Debtors	£998,000	19%	£839,000	-21.4%	£1,068,000	-10.9%	£1,198,000	-45.4%	£2,195,000
Miscellaneous Current Assets	£15,253,000	25.2%	£12,183,000	-3%	£12,565,000	-	0	-	0
Total Current Assets	£51,537,000	6.7%	£48,294,000	10.2%	£43,837,000	-4.4%	£45,865,000	37.1%	£33,464,000
Trade Creditors	£8,554,000	3.5%	£8,268,000	60.3%	£5,159,000	-15.2%	£6,082,000	-11.4%	£6,861,000
Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
Other Short Term Finance	£9,460,000	0.2%	£9,442,000	0%	£9,446,000	0%	£9,443,000	502.6%	£1,567,000
Miscellaneous Current Liabilities	£2,038,000	43.7%	£1,418,000	-15.2%	£1,673,000	-24.8%	£2,225,000	71.7%	£1,296,000
Total Current Liabilities	£20,052,000	4.8%	£19,128,000	17.5%	£16,278,000	-8.3%	£17,750,000	82.5%	£9,724,000
Bank Loans & Overdrafts and LTL	£482,000	-40.9%	£815,000	-19.4%	£1,011,000	-66.1%	£2,984,000	9.5%	£2,724,000
Other Long Term Finance	£2,000	-	£2,000	-	£2,000	-99.9%	£2,002,000	-	£2,002,000
Total Long Term Liabilities	£482,000	-40.9%	£815,000	-19.4%	£1,011,000	-66.1%	£2,984,000	9.5%	£2,724,000

Capital & Reserves

Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
Called Up Share Capital	£100,000	-	£100,000	-	£100,000	-	£100,000	-	£100,000
P & L Account Reserve	£31,621,000	8.3%	£29,210,000	5.6%	£27,657,000	6.6%	£25,935,000	10.1%	£23,553,000
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	£31,721,000	8.2%	£29,310,000	5.6%	£27,757,000	6.6%	£26,035,000	10.1%	£23,653,000

Other Financial Items

Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
Net Worth	£31,654,000	8.6%	£29,143,000	6%	£27,490,000	5.6%	£26,035,000	10.1%	£23,653,000
Working Capital	£31,485,000	8%	£29,166,000	5.8%	£27,559,000	-2%	£28,115,000	18.4%	£23,740,000
Total Assets	£52,255,000	6.1%	£49,253,000	9.3%	£45,046,000	-3.7%	£46,769,000	29.6%	£36,101,000
Total Liabilities	£20,534,000	3%	£19,943,000	15.4%	£17,289,000	-16.6%	£20,734,000	66.6%	£12,448,000
Net Assets	£31,721,000	8.2%	£29,310,000	5.6%	£27,757,000	6.6%	£26,035,000	10.1%	£23,653,000

Cash Flow

Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
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
Capital Employed	£32,203,000	6.9%	£30,125,000	4.7%	£28,768,000	-0.9%	£29,019,000	10%	£26,377,000
Number of Employees	280	-5.4%	296	-2.6%	304	-7.3%	328	12.7%	291
Accountants
Auditors	PRICEWATERHOUSECOOPERS LLP
Auditor Comments	The audit report contains no adverse comments
Bankers	BARCLAYS BANK PLC
Bank Branch Code

Ratios

Date Of Accounts	31/12/14	31/12/13	31/12/12	31/12/11	31/12/10
Pre-tax profit margin %	5.14	3.84	4.10	-3.79	7.64
Current ratio	2.57	2.52	2.69	2.58	3.44
Sales/Net Working Capital	1.89	1.90	1.98	2.26	2.29
Gearing %	1.50	2.80	3.60	11.50	11.50
Equity in %	60.80	59.70	62	55.70	65.50
Creditor Days	52.45	54.36	34.49	34.81	45.97
Debtor Days	71.54	73.67	72.59	75.95	66.58
Liquidity/Acid Test	1.64	1.63	1.60	1.40	1.77
Return On Capital Employed %	9.47	7.05	7.75	-8.31	15.74
Return On Total Assets Employed %	5.84	4.31	4.95	-5.15	11.50
Current Debt Ratio	0.63	0.65	0.58	0.68	0.41
Total Debt Ratio	0.64	0.68	0.62	0.79	0.52
Stock Turnover Ratio %	31.41	30.90	32.45	33.02	29.90
Return on Net Assets Employed %	9.62	7.25	8.03	-9.26	17.55

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
26/10/2015	Annual Returns
06/10/2015	New Accounts Filed
06/10/2015	New Accounts Filed
20/10/2014	Annual Returns
20/10/2014	Annual Returns
20/10/2014	Annual Returns
06/09/2014	New Accounts Filed
22/10/2013	Annual Returns
28/09/2013	New Accounts Filed
26/10/2012	Annual Returns
12/10/2012	New Accounts Filed
12/10/2012	New Accounts Filed
17/10/2011	Annual Returns
10/10/2011	New Accounts Filed
10/10/2011	New Accounts Filed

Previous Company Names

Date	Previous Name
07/08/2006	W.M.OWLETT & SONS LIMITED

Writ Details

No writs found

Statistics

Group	76 companies
Linkages	32 companies
Countries	In 3 countries

Summary

Holding Company	ZYLO LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	BLACKFRIARS CORP

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
BLACKFRIARS CORP		-	-
KIPPINGTON ROAD LIMITED	FC011246	31.12.2014	N
ELECTRICENTER LIMITED	01521896	31.12.2014	N
EDMUNDSON DISTRIBU...	00678922	31.12.2014	N
MARSHIRE HOLDINGS CORP	N/A	-	-
MARLOWE HOLDINGS LIM...	07111792	31.12.2014	Y	£1,630,876,000
MARLOWE HOLDINGS I...	00462411	31.12.2014	N
SPECIALIST INSTRU...	00537971	31.12.2014	N
SPECIALIST LAMP D...	00556487	31.12.2014	N
KNUTSFORD PROPERT...	03069064	31.12.2014	N	£1,203,000
MARLOWE DC PENSIO...	05159839	31.12.2014	N
EDMUNDSON EXPORT...	05697089	31.12.2014	N
TRADESPARKY LIMITED	08328827	31.12.2014	N
A&DCDL LIMITED	SC061083	31.12.2013	N
ADCDL LIMITED	05781471	31.12.2013	N
BARW LIMITED	SC133197	31.12.2013	N
BENNETT & FOUNTAI...	00734186	31.12.2014	N
AEDL LIMITED	03460011	31.12.2013	N
THE BRITISH CENTR...	00175447	31.12.2014	N
CABMCL LIMITED	02821732	31.12.2013	N
CMCSWL LIMITED	04361967	31.12.2013	N
EDDL LIMITED	01187708	31.12.2013	N
EDMUNDSON ELECTRI...	02667012	31.12.2014	N	£1,159,115,000
EDMUNDSON ELECT...	01423069	31.12.2014	N
ELECTRIC CENTER L...	01267252	31.12.2014	N
ELECTRICAL AND RA...	00396158	31.12.2014	N
EPHSWL LIMITED	06135008	31.12.2013	N
GCGEWL LIMITED	01297669	31.12.2013	N
HEXHL LIMITED	01928529	31.12.2013	N
DKEL LIMITED	01728698	31.12.2013	N
S&MCL LIMITED	SC077997	31.12.2013	N
SHDL LIMITED	00724405	31.12.2013	N
JBMHL LIMITED	01043129	31.12.2013	N
JEWBL LIMITED	00481582	31.12.2013	N
JHEL LIMITED	00378046	31.12.2013	N
JSCEDL LIMITED	03646817	31.12.2013	N
LOCKWELL ELECTRIC...	01184113	31.12.2014	N	£19,892,792
MARLOWE INVESTMEN...	02723962	31.12.2014	N
G A NICHOLAS LIMITED	00573603	31.12.2014	N
PEDL LIMITED	03516881	31.12.2013	N
SCEDL LIMITED	SC079442	31.12.2013	N
SEDL LIMITED	01384086	31.12.2013	N
TRHL LIMITED	06026715	31.12.2013	N
ROWEDL LIMITED	02488608	31.12.2013	N
VINK HOLDINGS LIM...	02510531	31.12.2014	N
AMARI PLASTICS...	01220776	31.12.2014	N	£111,269,000
SELF-ADHESIVE...	01080385	31.12.2014	N
STEPHEN WEBST...	01435830	31.12.2014	N
A.I. INTERNAT...	01511231	31.12.2014	N
UKAP LIMITED	01579960	31.12.2014	N
AMARI PLASTIC...	03789344	31.12.2014	N
RECYCLED PLAS...	05739845	31.12.2014	N
GRAPHIC PRINT...	06491693	31.12.2014	N
FMPL LIMITED	02062586	31.12.2013	N
KENDCL LIMITED	03861230	31.12.2013	N
MARCO INDUSTR...	02741911	31.12.2014	N
ACMIL LIMITED	04101213	31.12.2013	N
PLASTESTRIP (...	01347169	31.12.2014	N
WESTERN ELECTRICA...	04258105	31.12.2014	N
WESTERN ELECTRI...	01962789	31.12.2014	N
WESTERN ELECT...	02909003	31.12.2014	N
EXETER ELECTR...	03004557	31.12.2014	N
PLYMOUTH ELEC...	03517002	31.12.2014	N
CORNWALL ELEC...	02175078	31.12.2014	N
WEWL LIMITED	00381796	31.12.2013	N
ZYLO LIMITED	04997457	31.12.2014	N
HEXSTONE LTD.	00436243	31.12.2014	N	£59,359,000
OWLETT-JATON...	03112228	31.12.2014	N
JATON LIMITED	01284262	31.12.2014	N
WMOSL LIMITED	01331197	31.12.2013	N
JCP FIXINGS...	02434166	31.12.2014	N
SRB LIMITED	03699509	31.12.2014	N
STAINLESS THR...	01960994	31.12.2014	N
GALAXY FASTEN...	02963719	31.12.2014	N
ICON FASTENER...	03020185	31.12.2014	N
STFEL LIMITED	03964352	31.12.2013	N

Mortgage Details

Mortgage Type:	FLOATING CHARGE
Date Charge Created:	01/06/11
Date Charge Registered:	10/06/11
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	ANDREW LOWRIE STEPHEN DAVIES AND ROGER GODDARD
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE SECURED PARTY ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	FIRST FLOATING CHARGE ALL PRESENT AND FUTURE ASSETS AND UNDERTAKING SEE IMAGE FOR FULL DETAILS
Mortgage Type:	DEBENTURE
Date Charge Created:	01/05/07
Date Charge Registered:	09/05/07
Date Charge Satisfied:	31/03/09
Status:	SATISFIED
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:	FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL UNCALLED CAPITAL BUILDINGS FIXTURES PLANT ANDMACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	BOOKDEBTS DEBENTURE DEED
Date Charge Created:	03/12/92
Date Charge Registered:	11/12/92
Date Charge Satisfied:	17/01/07
Status:	SATISFIED
Person(s) Entitled:	HILL SAMUEL COMMERCIAL FINANCE LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE CHARGE
Details:	FIXED CHARGE OVER ALL THE BOOKDEBTS
Mortgage Type:	LEGAL CHARGE
Date Charge Created:	27/11/80
Date Charge Registered:	28/11/80
Date Charge Satisfied:	17/01/07
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 TO THE NORTH EAST OF SANDPIT ROAD DARTFORD, KENT.

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	10	£38,830
Company Name		Amount	Statement Date
Trevafield Fasteners Limited		£15,629	29/06/2012
Cartwright Timber Fixings Ltd		£13,139	20/02/2015
G B Fasteners Limited		£4,783	13/01/2010
Danby Timber Limited		£1,629	20/06/2011
Dahl Hardware Limited		£1,360	04/09/2013
Browns (Lancashire) Ltd		£992	20/12/2012
The Fenland Shops Ltd		£521	10/01/2014
Impact Power Tools (Surrey) Ltd		£329	07/02/2011
All-Pvc Ltd		£320	04/04/2013
Baddeley Rose Limited		£128	26/03/2010

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Stewart John Smith	13	38
Stewart John Smith	13	38
Anthony David Marks	2	18
Anthony David Marks	2	18
David William Owlett	1	9
James Stewart Owlett	2	9
John Edward Owlett	1	9
Stuart Malcolm Cooke	2	17
Richard John Owlett	2	2
Nigel John Palmer	68	21
Bryce Rowan Brooks	21	55

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.75
UK Pound	1	Rs.100.68
Euro	1	Rs.70.88
GBP	1	Rs.100.43

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

INFORMATION DETAILS

Analysis Done by :	TRI

Report Prepared by :	ANK

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
KUPA KUNSTSTOFFPARTNER GMBH	HRB 210767	31.12.2013
KÖNIG GMBH KUNSTSTOFFPRODUKTE	HRB 89315	31.12.2013	€34,198,000
VINK KUNSTSTOFFE GMBH	HRB 210861	31.12.2013	€36,790,000
VINK HOLDING B.V.	09051884	-
AMARI PLASTICS GMBH	HRB 39847	-
HERZOG PLASTIC HANDELSGESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG	HRB 211526	-
SOUTHEASTERN PLUMBING SUPPLY, INC		-	$1,843,000
RAYBRO ELECTRIC SUPPLIES		-	$2,543,000
LAIRD PLASTICS, INC		-
ALL-PHASE ELECTRIC SUPPLY CO		-	$575,000,000
CA ELECTRIC SUPPLY		-	$22,127,000
VEGAS ELECTRIC		-	$8,086,000
CONSOLIDATED ELECTRICAL DISTRIBUTORS INC		-
AZ ELECTRIC SUPPLY CO		-	$6,104,000
U.S. ELECTRICAL SERVICES, INC		-
MODERN PLASTICS INC		-
STUSSER ELECTRIC CO		-	$75,000,000
DAVIS WHOLESALE ELECTRIC INC		-
CENTER STATE PIPE & SUPPLY CO, INC		-
LAPPIN ELECTRIC CO		-