MIRA INFORM REPORT

Report No. :	343781
Report Date :	01.10.2015

IDENTIFICATION DETAILS

Name :	KM PRODUCTS EUROPE LIMITED
Formerly Known As :	K. M. PRODUCTS EUROPE LIMITED
Registered Office :	Aissela 42-50 High Street, Esher, Surrey, KT10 9QY
Country :	United Kingdom
Financials (as on) :	31.12.2014
Date of Incorporation :	27.11.1992
Com. Reg. No.:	02768670
Legal Form :	Private limited with Share Capital
Line of Business :	Subject involved in the sale of machinery, industrial equipment, ships and aircraft Distribution of spare parts for earthmoving equipment and diesel engines on a world-wide basis.
No. of Employees :	51 (31.12.2014)

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 :	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	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

KM PRODUCTS EUROPE LIMITED

Company No

02768670

Company Status

Active - Accounts Filed

Registered Address

AISSELA 42-50 HIGH STREET

ESHER

SURREY

KT10 9QY

Company Summary

Registered Address	AISSELA 42-50 HIGH STREET	Trading Address	Aissela
	ESHER		42-50 High Street
	SURREY		Esher
	KT10 9QY		Surrey
			KT10 9QY
Website Address	http://www.kmpbrand.com
Telephone Number	-	Fax Number
TPS	-	FPS	No
Incorporation Date	27/11/1992
Previous Name	K. M. PRODUCTS EUROPE LIMITED	Type	Private limited with Share Capital
FTSE Index	-	Date of Change	22/09/1997
Filing Date of Accounts	16/04/2015	Currency	GBP
Share Capital	£857,500	SIC07	46140
Charity Number	-
SIC07 Description
Principal Activity	AGENTS INVOLVED IN THE SALE OF MACHINERY, INDUSTRIAL EQUIPMENT, SHIPS AND AIRCRAFT Distribution of spare parts for earthmoving equipment and diesel engines on a world-wide basis.

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder	Funds Employees
31/12/2014	£12,090,748	£842,976	£4,374,281	51
31/12/2013	£12,271,377	£1,016,160	£4,021,810	47
31/12/2012	£11,471,195	£888,199	£3,448,777	44

Mortgage Summary

Total Mortgage	7
Outstanding	6
Satisfied	1

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade	1
Total Value of Documented Trade	£2,964

Commentary

This company has been treated as a Medium company in respect of the rating/limit generated.

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

This company's return on total assets employed ratio indicates a relatively efficient use of assets.

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

This company's bank loans and overdrafts (less cash) account for a moderate percentage of short term liabilities.

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	6
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	12

Current Directors

Name	Nigel Lewis Smith	Date of Birth	22/04/1949
Officers Title	Mr	Nationality	British
Present Appointments	5	Function	Director
Appointment Date	01/11/1993
Address	54 Durleston Park Drive, Great Bookham, Surrey, KT23 4AJ
Name	Joseph Eisenberg	Date of Birth	23/06/1939
Officers Title	Mr	Nationality	British
Present Appointments	8	Function	Director
Appointment Date	27/11/1992
Address	14 Gillespie House, Holloway Drive, Virginia Water, Surrey, GU25 4SU
Name	Michael Lea	Date of Birth	28/07/1956
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	01/09/2003
Address	53 High View Road, Guildford, Surrey, GU2 7RT
Name	Virendra Mundra	Date of Birth	10/06/1953
Officers Title	Mr	Nationality	Indian
Present Appointments	2	Function	Director
Appointment Date	01/01/2007
Address	15 Louis Fields, Fairlands, Guildford, Surrey, GU3 3JG
Name	David Scrivener	Date of Birth	11/05/1973
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	01/01/2007
Address	25 Strathcona Gardens, Knaphill, Woking, Surrey, GU21 2AY
Name	Khaled Aqrabawi	Date of Birth	27/04/1965
Officers Title	Mr	Nationality	American
Present Appointments	1	Function	Director
Appointment Date	16/04/2012
Address	The Forum Units B And D Hanworth Lane Business Par, Hanworth Lane, Chertsey, Surrey, KT13 9TJ

Current Company Secretary

Name	Nigel Lewis Smith	Date of Birth	22/04/1949
Officers Title	Mr	Nationality	British
Present Appointments	5	Function	Company Secretary
Appointment Date	30/09/2003
Address	54 Durleston Park Drive, Great Bookham, Surrey, KT23 4AJ

Top 20 Shareholders

Name		Currency Share Count	Share Type	Nominal Value	% of Total Share Count
KMP HOLDINGS LTD	GBP	857,500	ORDINARY A	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	£12,090,748	-1.5%	£12,271,377	7%	£11,471,195	11.5%	£10,284,576	17.7%	£8,735,215
	Export	£11,709,334	-2.6%	£12,023,440	7.9%	£11,139,476	12.6%	£9,889,721	17.6%	£8,413,148
	Cost of Sales	£7,757,181	-1.2%	£7,852,142	5%	£7,475,478	8.2%	£6,908,158	16.2%	£5,946,687
	Gross Profit	£4,333,567	-1.9%	£4,419,235	10.6%	£3,995,717	18.3%	£3,376,418	21.1%	£2,788,528
	Wages & Salaries	£2,303,188	5.7%	£2,178,985	14.1%	£1,909,655	24.7%	£1,531,613	9.5%	£1,398,962
	Directors Emoluments	£608,077	1.2%	£600,739	14.4%	£525,056	28.2%	£409,687	2.2%	£400,865
	Operating Profit	£934,480	-15.2%	£1,101,421	9.9%	£1,001,862	13%	£886,374	72.5%	£513,937
	Depreciation	£42,365	2.5%	£41,337	-4.3%	£43,203	9%	£39,619	-12.8%	£45,450
	Audit Fees	£21,629	21.8%	£17,758	18.4%	£15,000	7.1%	£14,000	9.8%	£12,750
	Interest Payments	£91,504	7.3%	£85,261	-25%	£113,663	72.1%	£66,034	92.3%	£34,332
	Pre Tax Profit	£842,976	-17%	£1,016,160	14.4%	£888,199	8.3%	£820,340	71%	£479,605
	Taxation	-£190,503	21.6%	-£243,125	-5.8%	-£229,800	-1.5%	-£226,358	-42.4%	-£158,975
	Profit After Tax	£652,473	-15.6%	£773,035	17.4%	£658,399	10.8%	£593,982	85.3%	£320,630
	Dividends Payable	£300,002	50%	£200,002	-	-	-	-	-	-
	Retained Profit	£352,471	-38.5%	£573,033	-13%	£658,399	10.8%	£593,982	85.3%	£320,630

Balance Sheet

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
	Tangible Assets	£1,036,541	8.4%	£955,877	-0.6%	£961,476	1.1%	£950,722	-1.8%	£968,216
	Intangible Assets	0	-	0	-	0	-	0	-	0
	Total Fixed Assets	£1,036,541	8.4%	£955,877	-0.6%	£961,476	1.1%	£950,722	-1.8%	£968,216
	Stock	£4,903,321	-3.8%	£5,098,549	-0.7%	£5,136,224	8.4%	£4,739,394	26.7%	£3,740,553
	Trade Debtors	£2,166,795	-10%	£2,408,264	17.6%	£2,048,708	18.4%	£1,730,641	23.2%	£1,405,204
	Cash	£1,006,247	59.8%	£629,755	105.1%	£307,083	-52.3%	£643,896	376.3%	£135,197
	Other Debtors	£455,628	10.1%	£413,733	62.4%	£254,823	-15.6%	£301,836	-12.4%	£344,513
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£8,531,991	-0.2%	£8,550,301	10.4%	£7,746,838	4.5%	£7,415,767	31.8%	£5,625,467
	Trade Creditors	£2,008,861	18.1%	£1,700,765	-15.2%	£2,004,712	-11.8%	£2,273,832	24.1%	£1,831,827
	Bank Loans & Overdrafts	£2,699,547	-18.9%	£3,327,856	21.2%	£2,745,704	-3.5%	£2,845,200	35.3%	£2,103,173
	Other Short Term Finance	£95,001	-	0	-100%	£57,999	-36.4%	£91,164	133.1%	£39,105
	Miscellaneous Current Liabilities	£361,057	-18.4%	£442,335	0.8%	£438,869	24.2%	£353,454	-13.6%	£409,320
	Total Current Liabilities	£5,164,466	-5.6%	£5,470,956	4.3%	£5,247,284	-5.7%	£5,563,650	26.9%	£4,383,425
	Bank Loans & Overdrafts and LTL	£2,729,332	-18.3%	£3,341,268	21.2%	£2,757,957	-3.5%	£2,857,661	35%	£2,117,035
	Other Long Term Finance	0	-	0	-	0	-	0	-	0
	Total Long Term Liabilities	£29,785	122.1%	£13,412	9.5%	£12,253	-1.7%	£12,461	-10.1%	£13,862

Capital & Reserves

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
	Called Up Share Capital	£857,500	-	£857,500	-	£857,500	-	£857,500	-	£857,500
	P & L Account Reserve	£3,516,781	11.1%	£3,164,310	22.1%	£2,591,277	34.1%	£1,932,878	44.4%	£1,338,896
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	-	-	-	-	-	-	-	-	-
	Shareholder Funds	£4,374,281	8.8%	£4,021,810	16.6%	£3,448,777	23.6%	£2,790,378	27%	£2,196,396

Other Financial Items

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
	Net Worth	£4,374,281	8.8%	£4,021,810	16.6%	£3,448,777	23.6%	£2,790,378	27%	£2,196,396
	Working Capital	£3,367,525	9.4%	£3,079,345	23.2%	£2,499,554	35%	£1,852,117	49.1%	£1,242,042
	Total Assets	£9,568,532	0.7%	£9,506,178	9.2%	£8,708,314	4.1%	£8,366,489	26.9%	£6,593,683
	Total Liabilities	£5,194,251	-5.3%	£5,484,368	4.3%	£5,259,537	-5.7%	£5,576,111	26.8%	£4,397,287
	Net Assets	£4,374,281	8.8%	£4,021,810	16.6%	£3,448,777	23.6%	£2,790,378	27%	£2,196,396

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	YES	-	YES	-	YES	-	YES	-	YES
Capital Employed	£4,404,066	9.1%	£4,035,222	16.6%	£3,461,030	23.5%	£2,802,839	26.8%	£2,210,258
Number of Employees	51	8.5%	47	6.8%	44	10%	40	5.3%	38
Accountants
Auditors	HAINES WATTS
Auditor Comments	The audit report contains no adverse comments
Bankers	HSBC 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 %	6.97	8.28	7.74	7.98	5.49
	Current ratio	1.65	1.56	1.48	1.33	1.28
	Sales/Net Working Capital	3.59	3.99	4.59	5.55	7.03
	Gearing %	62.40	83.10	80	102.40	96.40
	Equity in %	45.70	42.30	39.60	33.40	33.30
	Creditor Days	60.47	50.44	63.61	80.47	76.33
	Debtor Days	65.23	71.43	65	61.25	58.55
	Liquidity/Acid Test	0.70	0.63	0.49	0.48	0.43
	Return On Capital Employed %	19.14	25.18	25.66	29.26	21.69
	Return On Total Assets Employed %	8.80	10.68	10.19	9.80	7.27
	Current Debt Ratio	1.18	1.36	1.52	1.99	1.99
	Total Debt Ratio	1.18	1.36	1.52	1.99	2
	Stock Turnover Ratio %	40.55	41.54	44.77	46.08	42.82
	Return on Net Assets Employed %	19.27	25.26	25.75	29.39	21.83

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
07/07/2015	Payment Data Update Recieved
28/04/2015	New Accounts Filed
28/04/2015	New Accounts Filed
17/12/2014	Annual Returns
28/04/2014	New Accounts Filed
12/02/2014	Change in Reg.Office
12/02/2014	Change of Company Postcode
08/01/2014	Annual Returns
13/04/2013	New Accounts Filed
13/04/2013	New Accounts Filed
15/12/2012	Annual Returns
07/08/2012	New Accounts Filed
07/08/2012	New Accounts Filed
13/06/2012	New Board Member Mr K. Aqrabawi appointed
07/12/2011	Annual Returns

Previous Company Names

Date	Previous Name
22/09/1997	K. M. PRODUCTS EUROPE LIMITED

Writ Details

No writs found

Statistics

Group	4 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	KMP HOLDINGS LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	INTERNATIONAL HOLDINGS & INVESTMENTS SA

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
INTERNATIONAL HOLDINGS &...	N/A	-	-
KMP HOLDINGS LIMITED	05532942	31.12.2014	Y	£14,244,452
KM PRODUCTS EUROPE L...	02768670	31.12.2014	N	£12,090,748
ZIV HOLDING AND INVEST...	05523981	31.12.2014	N

Mortgage Details

Mortgage Type:
Date Charge Created:	18/07/14
Date Charge Registered:	22/07/14
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BANK LEUMI (UK) PLC;
Amount Secured:
Details:	LAND K/A UNIT C THE FORUM CHERTSEYCONTAINS FIXED CHARGE.CONTAINS FLOATING CHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINSNEGATIVE PLEDGE.
Mortgage Type:	DEED OF CHARGE OVER CREDIT BALANCES
Date Charge Created:	21/04/05
Date Charge Registered:	04/05/05
Date Charge Satisfied:	04/07/07
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:	BARCLAYS BANK PLC RE KM PRODUCTS EUROPELIMITED, US DOLLAR DEPOSIT ACCOUNT, ACCOUNT NUMBER 55452000 THE CHARGE CREATES A FIXED CHARGE OVERALL THE DEPOSIT(S) REFERRED TO IN THE SCHEDULE TO THE FORM 395(INCLUDING ALL OR ANY PART OF THE MONEY PAYABLE PURSUANTTO SUCH DEPOSIT(S) AND THE DEBTS REPRESENTEDTHEREBY) TOGETHER WITH ALL INTEREST FROM TIME TO TIME ACCRUING THEREON IT ALSO CREATES AN ASSIGNMENT BY THE CHARGOR FOR THE PURPOSES OF AND TO GIVE EFFECTTO THE SECURITY OVER THE RIGHT OF THE CHARGORTO REQUIRE REPAYMENT OF SUCH DEPOSIT(S) AND INTEREST THEREON

Mortgage Type:	FIRST PARTY CHARGE OVER CREDIT BALANCES
Date Charge Created:	21/09/00
Date Charge Registered:	23/09/00
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BANK LEUMI (UK) PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	FIRST FIXED CHARGE ALL MONIES FROM TIMETO TIME HELD TO THE CREDIT OF THE MORTGAGOR BY THE BANK ON ANY CURRENT DEPOSIT OR OTHER ACCOUNT OR ACCOUNTS WHICH THE MORTGAGOR MAY NOW OR HEREAFTER HAVE WITH THE BANK OR UNDER ANY DEPOSIT RECEIPT SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	LEGAL MORTGAGE
Date Charge Created:	11/12/95
Date Charge Registered:	13/12/95
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BANK LEUMI (U.K.) PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	L/H PREMISES K/A UNIT B, THE FORUM, HANWORTH LANE, CHERTSEY, SURREY AND THE PROCEEDS OF SALE THEREOFSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	DEBENTURE
Date Charge Created:	31/03/93
Date Charge Registered:	15/04/93
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BANK LEUMI (UK) PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	A CHARGE BY WAY OF LEGAL MORTGAGE OVER UNIT D THE FORUM HANWORTH LANE CHERTSEY SURREY AND ALL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY AND/OR THE PROCEEDS OF SALE THEREOF A SPECIFIC EQUITABLE CHARGE OVER ALL FREEHOLD AND LEASEHOLD PROPERTIES AND/OR THE PROCEEDS OF SALE THEREOF FIXED AND FLOATINGCHARGES OVER UNDERTAKING AND ALLPROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTSAND THE BENEFITS OF ANY LICENCES SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	LEGAL MORTGAGE
Date Charge Created:	31/03/93
Date Charge Registered:	15/04/93
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BANK LEUMI (UK) PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	L/H PROPERTY K/AS UNIT D THE FORUM,HANWORTH LANE,CHERTSEY,SURREY FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT

Mortgage Type:	MEMORANDUM OF DEPOSIT
Date Charge Created:	31/03/93
Date Charge Registered:	15/04/93
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BANK LEUMI (UK) PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	THE PROPERTY OF THE COMPANY COMPRISED IN THE DEEDS POLICIES SECURITIES CERTIFICATES AND/OR OTHER DOCUMENTS NOW OR FROM TIME TO TIME DEPOSITED WITH THE BANK

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	1	£2,964
Company Name		Amount	Statement Date
Park Diesel Services Ltd		£2,964	21/01/2014

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Ettore Raffaelli	2	2
Dennis Gordon Lax	4	6
Dennis Gordon Lax	4	6
Andrea Bonomi	0	1
Chin Lin Chen	0	1
Mahendra Rathor	0	4
Fritz Oppenheimer	3	2
Thim Leong Toh	0	2
Tony David Lax	5	3
Farida Farooqi	4	8
L & A REGISTRARS LIMITED	1318	19224
L & A SECRETARIAL LIMITED	1320	19232
Average Invoice Value		Ł349.24
Invoices available		614
Paid		606
Outstanding		8

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	23	300	209	36	38
Outstanding	3	5	0	0	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.65.74
UK Pound	1	Rs.99.53
Euro	1	Rs.73.80

INFORMATION DETAILS

Analysis Done by :	KAS
Report Prepared by :	VNT

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.