MIRA INFORM REPORT

Report No. :	340375
Report Date :	22.09.2015

IDENTIFICATION DETAILS

Name :	ULTRATEC LIMITED
Formerly Known As :	BONUS BLOCK LIMITED
Registered Office :	Po Box 501, The Nexus Buildingbroadwayletchworth Garden Citysg6 9bl
Country :	United Kingdom
Financials (as on) :	31.03.2014
Date of Incorporation :	04.03.1996
Com. Reg. No.:	03167002
Legal Form :	Private limited with Share Capital
Line of Business :	Repair of computers and peripheral equipment. Computer related activities.
No. of Employee :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
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 leadingTRADING power andFINANCIAL 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 businessINVESTMENT 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 housingMARKET.

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

ULTRATEC LIMITED

Company No

03167002

Registered Address

PO BOX 501, THE NEXUS BUILDINGBROADWAYLETCHWORTH GARDEN CITYSG6 9BL

Company Summary

Registered Address	PO BOX 501, THE NEXUS BUILDING BROADWAY LETCHWORTH GARDEN CITY SG6 9BL	Trading Address	PO Box 501, The Nexus Building Broadway Letchworth Garden City Herts SG6 9BL
Website Address	http://www.ultratecdirect.com
Telephone Number	--	Fax Number	--
TPS	--	FPS	No
Incorporation Date	04/03/1996
Previous Name	BONUS BLOCK LIMITED	Type	Private limited with Share Capital
FTSE Index	--	Date of Change	13/05/1996
Filing Date of Accounts	24/12/2014	Currency	GBP
Share Capital	£51	SIC07	95110
Charity Number	--
SIC07 Description	REPAIR OF COMPUTERS AND PERIPHERAL EQUIPMENT
Principal Activity	Computer related activities.

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder	Funds Employees
31/03/2014	--	--	£2,464,422	--
31/03/2013	--	--	£2,218,700	--
31/08/2012	--	--	£1,777,225	--

Commentary

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

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

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

The latest cash balances represent a positive level in terms of the overall outstanding creditor obligations.

There has been an increase in shareholders funds compared with the previous balance sheet.

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	2
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	7

Current Directors

Name	Ian Lawrence Turnbull	Date of Birth	03/02/1967
Officers Title	Mr	Nationality	British
Present Appointments	4	Function	Director
Appointment Date	13/05/1996
Address	Po Box 501, The Nexus Building, Broadway, Letchworth Garden City, Herts, SG6 9BL

Name	Danyel Goodwin	Date of Birth	20/05/1973
Officers Title		Nationality	British
Present Appointments	1	Function	Director
Appointment Date	01/04/2004
Address	11 Orwell View, Baldock, Hertfordshire, SG7 6TH

Current Company Secretary

Name	Ian Lawrence Turnbull	Date of Birth	03/02/1967
Officers Title	Mr	Nationality	British
Present Appointments	4	Function	Company Secretary
Appointment Date	31/03/2004
Address	8c Nottingham Place, Marylebone, London, W1U 5NB

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
MR IAN LAWRENCE TURNBULL	GBP	5,100	ORDINARY	0.01	100

Profit & Loss

Date Of Accounts	31/03/14	(%)	31/03/13	(%)	31/08/12	(%)	31/03/11	(%)	31/03/10
Weeks	52	(%)	30	(%)	74	(%)	52	(%)	52
Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
Turnover	-	-	-	-	-	-	-	-	-
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-
Wages & Salaries	-	-	-	-	-	-	-	-	-
Directors Emoluments	-	-	-	-	-	-	-	-	-
Operating Profit	-	-	-	-	-	-	-	-	-
Depreciation	£66,756	57%	£42,527	-64.3%	£119,043	43%	£83,261	0.3%	£83,034
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	(%)	31/08/12	(%)	31/03/11	(%)	31/03/10
Tangible Assets	£244,695	-15.1%	£288,148	-21.5%	£366,958	31.7%	£278,671	-7.8%	£302,344
Intangible Assets	0	-	0	-	0	-	0	-	0
Total Fixed Assets	£244,695	-15.1%	£288,148	-21.5%	£366,958	31.7%	£278,671	-7.8%	£302,344
Stock	£418,730	-6.4%	£447,181	-15.2%	£527,324	58.1%	£333,541	-38.1%	£538,565
Trade Debtors	£1,069,991	11.5%	£959,840	46.1%	£656,758	3.2%	£636,121	-20.1%	£795,739
Cash	£1,162,450	-9.2%	£1,280,661	8.1%	£1,184,811	-41%	£2,009,246	23.8%	£1,622,698
Other Debtors	0	-	0	-	0	-	0	-	0
Miscellaneous Current Assets	£538,337	2.5%	£525,057	2.7%	£511,050	-	0	-	0
Total Current Assets	£3,189,508	-0.7%	£3,212,739	11.6%	£2,879,943	-3.3%	£2,978,908	0.7%	£2,957,002
Trade Creditors	£942,775	-3.6%	£977,950	10.5%	£884,815	32.3%	£668,668	-14.6%	£782,643
Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
Other Short Term Finance	0	-	0	-	0	-	0	-	0
Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	0
Total Current Liabilities	£942,775	-3.6%	£977,950	10.5%	£884,815	32.3%	£668,668	-14.6%	£782,643
Bank Loans & Overdrafts and LTL	£27,006	-91.1%	£304,237	-48%	£584,861	999.9%	£31,481	52.2%	£20,679
Other Long Term Finance	0	-	0	-	0	-	0	-	0
Total Long Term Liabilities	£27,006	-91.1%	£304,237	-48%	£584,861	999.9%	£31,481	52.2%	£20,679

Capital & Reserves

Date Of Accounts	31/03/14	(%)	31/03/13	(%)	31/08/12	(%)	31/03/11	(%)	31/03/10
Called Up Share Capital	£51	-13.6%	£59	-10.6%	£66	-26.7%	£90	-	£90
P & L Account Reserve	£2,464,322	11.1%	£2,218,600	24.8%	£1,777,125	-30.5%	£2,557,330	4.1%	£2,455,924
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	£49	19.5%	£41	20.6%	£34	240%	£10	-	£10
Shareholder Funds	£2,464,422	11.1%	£2,218,700	24.8%	£1,777,225	-30.5%	£2,557,430	4.1%	£2,456,024

Other Financial Items

Date Of Accounts	31/03/14	(%)	31/03/13	(%)	31/08/12	(%)	31/03/11	(%)	31/03/10
Net Worth	£2,464,422	11.1%	£2,218,700	24.8%	£1,777,225	-30.5%	£2,557,430	4.1%	£2,456,024
Working Capital	£2,246,733	0.5%	£2,234,789	12%	£1,995,128	-13.6%	£2,310,240	6.2%	£2,174,359
Total Assets	£3,434,203	-1.9%	£3,500,887	7.8%	£3,246,901	-0.3%	£3,257,579	-0.1%	£3,259,346
Total Liabilities	£969,781	-24.4%	£1,282,187	-12.8%	£1,469,676	109.9%	£700,149	-12.8%	£803,322
Net Assets	£2,464,422	11.1%	£2,218,700	24.8%	£1,777,225	-30.5%	£2,557,430	4.1%	£2,456,024

Cash Flow

Date Of Accounts	31/03/14	(%)	31/03/13	(%)	31/08/12	(%)	31/03/11	(%)	31/03/10
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	(%)	31/08/12	(%)	31/03/11	(%)	31/03/10
Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
Capital Employed	£2,491,428	-1.2%	£2,522,937	6.8%	£2,362,086	-8.8%	£2,588,911	4.5%	£2,476,703
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	31/08/12	31/03/11	31/03/10
Pre-tax profit margin %	-	-	-	-	-
Current ratio	3.38	3.29	3.25	4.45	3.78
Sales/Net Working Capital	-	-	-	-	-
Gearing %	1.10	13.70	32.90	1.20	0.80
Equity in %	71.80	63.40	54.70	78.50	75.40
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	2.93	2.82	2.65	3.95	3.09
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	0.38	0.44	0.49	0.26	0.31
Total Debt Ratio	0.39	0.57	0.82	0.27	0.32
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
14/08/2015	Annual Returns
13/01/2015	New Accounts Filed
21/07/2014	Annual Returns
22/10/2013	New Accounts Filed
22/10/2013	New Accounts Filed
22/07/2013	Annual Returns
20/04/2013	New Accounts Filed
17/08/2012	Ms K.J. Turnbull has left the board
14/07/2012	Annual Returns
12/03/2012	Annual Returns
29/09/2011	New Accounts Filed
09/04/2011	Annual Returns
02/12/2010	New Accounts Filed
08/04/2010	Annual Returns
07/12/2009	New Accounts Filed

Previous Company Names

Date	Previous Name
13/05/1996	BONUS BLOCK 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

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	£1,215
Company Name		Amount	Statement Date
Sapient I T Limited		£1,215	29/07/2015

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Kerry Jane Turnbull	0	2
Kerry Jane Turnbull	0	2
Stephen Michael Lyne	0	1
Alan Hudson	0	1
Deanna Clare Haskell-Moore	0	1
EXPRESS DIRECTORS LIMITED	37	1075
EXPRESS SECRETARIES LIMITED	38	1075
Average Invoice Value		Ł262.86
Invoices available		54
Paid		52
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	29	14	7	2	0
Outstanding	0	0	0	0	2

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.65.75
UK Pound	1	Rs.102.17
Euro	1	Rs.74.38

INFORMATION DETAILS

Analysis Done by :	KAR
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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.