MIRA INFORM REPORT

Report No. :	352420
Report Date :	30.11.2015

IDENTIFICATION DETAILS

Name :	HELM NATURAL RESOURCES LIMITED

Formerly Known As :	ESQUIRE ENERGY LIMITED

Registered Office :	Klaco House 28-30 St. John's Square, London, EC1M 4DN

Country :	United Kingdom

Financials (as on) :	31.05.2014

Date of Incorporation :	30.05.2013

Com. Reg. No.:	08550246

Legal Form :	Private Limited with Share Capital

Line of Business :	Wholesale of Waste and Scrap.

No. of 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 :	---

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 summary

Registered Address

Klaco House
28-30 St. John's Square,
London,
Ec1m 4dn

Trading Address

Klaco House
28-30 St. John's Square
London
EC1M 4DN

Website Address

Telephone Number

TPS

FPS

Incorporation Date

30/05/2013

Company Number

08550246

Previous Name

ESQUIRE ENERGY LIMITED

Type

Private limited with Share Capital

Date of Change

20/06/2013

Filing Date of Accounts

24/06/2015

Currency

GBP

Share Capital

£560

SIC07

46770

Charity Number

SIC07 Description

Wholesale of Waste and Scrap

Principal Activity

Key financials

Year to Date	Turnover	Pre Tax Profit	Shareholder	Funds Employees
31/05/2014	--	--	-£60,408	--
--	--	--	--	--
--	--	--	--	--

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.

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

The negative debt/equity ratio indicates a Balance Sheet deficiency funded by creditors/debt.

This company trades in an industry with a moderate level of corporate failures.

Current Directors

Name	Arun Suri Raman	Date of Birth	26/10/1977
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	30/05/2013
Address	Klaco House 28-30 St. John's Square,, London,, EC1M 4DN

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
HELM NATURAL RESOURCES GLOBAL LTD	GBP	560	ORDINARY	1	100

Balance Sheet

Date Of Accounts	31/05/14	(%)	-	(%)	-	(%)	-	(%)	-
Tangible Assets	0	-	-	-	-	-	-	-	-
Intangible Assets	0	-	-	-	-	-	-	-	-
Total Fixed Assets	0	-	-	-	-	-	-	-	-
Stock	£94,790	-	-	-	-	-	-	-	-
Trade Debtors	0	-	-	-	-	-	-	-	-
Cash	£10,684	-	-	-	-	-	-	-	-
Other Debtors	0	-	-	-	-	-	-	-	-
Miscellaneous Current Assets	0	-	-	-	-	-	-	-	-
Total Current Assets	£105,474	-	-	-	-	-	-	-	-
Trade Creditors	£11,882	-	-	-	-	-	-	-	-
Bank Loans & Overdrafts	0	-	-	-	-	-	-	-	-
Other Short Term Finance	0	-	-	-	-	-	-	-	-
Miscellaneous Current Liabilities	0	-	-	-	-	-	-	-	-
Total Current Liabilities	£11,882	-	-	-	-	-	-	-	-
Bank Loans & Overdrafts and LTL	£154,000	-	-	-	-	-	-	-	-
Other Long Term Finance	0	-	-	-	-	-	-	-	-
Total Long Term Liabilities	£154,000	-	-	-	-	-	-	-	-

Capital & Reserves

Date Of Accounts	31/05/14	(%)	-	(%)	-	(%)	-	(%)	-
Called Up Share Capital	£560	-	-	-	-	-	-	-	-
P & L Account Reserve	-£60,968	-	-	-	-	-	-	-	-
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	-£60,408	-	-	-	-	-	-	-	-

Other Financial Items

Date Of Accounts	31/05/14	(%)	-	(%)	-	(%)	-	(%)	-
Net Worth	-£60,408	-	-	-	-	-	-	-	-
Working Capital	£93,592	-	-	-	-	-	-	-	-
Total Assets	£105,474	-	-	-	-	-	-	-	-
Total Liabilities	£165,882	-	-	-	-	-	-	-	-
Net Assets	-£60,408	-	-	-	-	-	-	-	-

Cash Flow

Date Of Accounts	31/05/14	(%)	-	(%)	-	(%)	-	(%)	-
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	31/05/14	(%)	-	(%)	-	(%)	-	(%)	-
Contingent Liability	NO	-	-	-	-	-	-	-	-
Capital Employed	£93,592	-	-	-	-	-	-	-	-
Number of Employees	-	-	-	-	-	-	-	-	-
Accountants
Auditors
Auditor Comments	The company is exempt from audit
Bankers
Bank Branch Code

Ratios

Date Of Accounts	31/05/14	-	-	-	-
Pre-tax profit margin %	-	-	-	-	-
Current ratio	8.88	-	-	-	-
Sales/Net Working Capital	-	-	-	-	-
Gearing %	-254.90	-	-	-	-
Equity in %	-57.30	-	-	-	-
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	0.89	-	-	-	-
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	-0.19	-	-	-	-
Total Debt Ratio	-2.74	-	-	-	-
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

Date	Description
16/06/2015	Compulsory strike off cancelled
04/06/2015	Dissolution (First Gazt)

Event History

Date	Description
02/07/2015	New Accounts Filed
17/06/2015	Annual Returns
04/07/2014	Annual Returns
15/05/2014	Mrs J.S. Treon has left the board
06/02/2014	Mr R.G. Pearson has left the board
06/02/2014	New Board Member Mrs J.S. Treon appointed
08/07/2013	New Board Member Mr A.S. Raman appointed
08/07/2013	New Board Member Mr R.G. Pearson appointed
01/07/2013	New Board Member Mr A.S. Raman appointed
01/07/2013	New Board Member Mr R.G. Pearson appointed
24/06/2013	Change of Name

Previous Company Names

Date	Previous Name
20/06/2013	ESQUIRE ENERGY LIMITED

Writ Details

No writs found

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group StructureFull

No Group Structure

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Roger Guy Pearson	2	11
Ashok Kumar Bhardwaj	20	1449
Jaynee Sunita Treon	10	95

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.75
UK Pound	1	Rs.100.67
Euro	1	Rs.70.87
GBP	1	Rs.0.015

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

INFORMATION DETAILS

Analysis Done by :	KIN

Report Prepared by :	TPT

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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