MIRA INFORM REPORT

Report No. :	341781
Report Date :	23.09.2015

IDENTIFICATION DETAILS

Name :	EUROPEAN METAL RECYCLING LIMITED
Formerly Known As :	NOBLEDRIFT LIMITED
Registered Office :	Sirius Housedelta Crescent Westbrookwarringtonwa5 7ns
Country :	United Kingdom
Financials (as on) :	31.12.2013
Date of Incorporation :	02.08.1994
Com. Reg. No.:	02954623
Legal Form :	Private limited with Share Capital
Line of Business :	Subject engaged and its subsidiary is in the recycling of ferrous and non-ferrous metals.
No. of Employees :	2927 (2013)

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

EUROPEAN METAL RECYCLING LIMITED

SIRIUS HOUSEDELTA CRESCENT WESTBROOKWARRINGTONWA5 7NS

Company No.

02954623

Company Status

Active - Accounts Filed

Company Summary

Registered Address SIRIUS HOUSE
DELTA CRESCENT WESTBROOK
WARRINGTON
WA5 7NS

Trading Address Sirius House
Delta Crescent
Westbrook
Warrington, Cheshire
WA5 7NS

Website Address http://www.uk.emrgroup.com

Telephone Number 01925715400

Fax Number 01617453710

TPS Yes

FPS Yes

Incorporation Date 02/08/1994

Previous Name NOBLEDRIFT LIMITED

Type Private limited with Share Capital

FTSE Index -

Date of Change 21/12/1994

Filing Date of Accounts 11/09/2014

Currency GBP

Share Capital £100,426

SIC07 38320

Charity Number -

SIC07 Description RECOVERY OF SORTED MATERIALS

Principal Activity A group engaged and its subsidiary is in the recycling of ferrous and non ferrous metals.

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

31/12/2013 £2,810,000,000 £47,000,000 £735,000,000 2927

31/12/2012 £3,184,000,000 £57,000,000 £705,000,000 2778

31/12/2011 £3,032,254,000 £115,958,000 £672,364,000 2448

Mortgage Summary

Total Mortgage 20

Outstanding 3

Satisfied 17

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 5

Total Value of Documented Trade £7,806

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.

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

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 -	1	Total Value of Satisfied CCJs -	£613
Total Number of Writs -	-

Total Current Directors	4
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	16

Current Directors

Name	Robin Sheppard	Date of Birth	04/08/1954
Officers Title	Mr	Nationality	British
Present Appointments	20	Function	Director
Appointment Date	26/09/1994
Address	Sirius House Delta Crescent, Westbrook, Warrington, Cheshire, WA5 7NS

Name	Colin David Iles	Date of Birth	04/09/1944
Officers Title	Mr	Nationality	British
Present Appointments	27	Function	Director
Appointment Date	29/11/1994
Address	Sirius House Delta Crescent, Westbrook, Warrington, Cheshire, WA5 7NS

Name	Edward Scott Pysden	Date of Birth	06/05/1948
Officers Title	Mr	Nationality	British
Present Appointments	5	Function	Director
Appointment Date	27/10/2010
Address	Sirius House, Delta Crescent Westbrook, Warrington, Cheshire, WA5 7NS

Name	Christopher Phillip Sheppard	Date of Birth	07/07/1974
Officers Title	Mr	Nationality	British
Present Appointments	56	Function	Director
Appointment Date	20/11/2007
Address	Sirius House Delta Crescent, Westbrook, Warrington, Cheshire, WA5 7NS

Current Company Secretary

Name	Christopher John Tinsley	Date of Birth	-
Officers Title	Mr	Nationality
Present Appointments	1	Function	Company Secretary
Appointment Date	20/05/2010
Address	Sirius House, Delta Crescent Westbrook, Warrington, Cheshire, WA5 7NS

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
AUSURUS GROUP LTD	GBP	10,000,000	ORDINARY A	0.01	99.58
AUSURUS GROUP LTD	GBP	42,600	ORDINARY B	0.01	0.42

Profit & Loss

	Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	Y	(%)	Y	(%)	Y	(%)	Y	(%)	Y
	Turnover	£2,810,000,000	-11.7%	£3,184,000,000	5%	£3,032,254,000	24.7%	£2,431,157,000	31.9%	£1,843,056,000
	Export	-	-	-	-	-	-	-	-	-
	Cost of Sales	£2,439,000,000	-13.2%	£2,811,000,000	7.9%	£2,605,411,000	31.1%	£1,987,714,000	32.8%	£1,496,362,000
	Gross Profit	£371,000,000	-0.5%	£373,000,000	-12.6%	£426,843,000	-3.7%	£443,443,000	27.9%	£346,694,000
	Wages & Salaries	£116,000,000	13.7%	£102,000,000	2.7%	£99,339,000	4.2%	£95,297,000	4.6%	£91,069,000
	Directors Emoluments	£1,800,000	-64.4%	£5,060,000	36.3%	£3,713,000	-37.7%	£5,956,000	-52.7%	£12,590,000
	Operating Profit	£73,000,000	-9.9%	£81,000,000	-38.7%	£132,125,000	-11.2%	£148,782,000	57.5%	£94,487,000
	Depreciation	£38,000,000	-	£38,000,000	7.9%	£35,217,000	5%	£33,548,000	-15%	£39,476,000
	Audit Fees	£470,000	11.9%	£420,000	223.1%	£130,000	-7.1%	£140,000	-	£140,000
	Interest Payments	£27,000,000	35%	£20,000,000	40.8%	£14,209,000	31.7%	£10,793,000	40.8%	£7,664,000
	Pre Tax Profit	£47,000,000	-17.5%	£57,000,000	-50.8%	£115,958,000	-25.2%	£155,101,000	70.3%	£91,095,000
	Taxation	-£11,000,000	47.6%	-£21,000,000	38.1%	-£33,907,000	36.8%	-£53,687,000	-64%	-£32,745,000
	Profit After Tax	£36,000,000	-	£36,000,000	-56.1%	£82,051,000	-19.1%	£101,414,000	73.8%	£58,350,000
	Dividends Payable	£1,000,000	-50%	£2,000,000	-	-	-	-	-	-
	Retained Profit	£32,000,000	6.7%	£30,000,000	-63.3%	£81,656,000	-19.5%	£101,414,000	73.8%	£58,350,000

Balance Sheet

	Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
	Tangible Assets	£375,000,000	3.3%	£363,000,000	1.6%	£357,112,000	10.1%	£324,432,000	2.3%	£317,268,000
	Intangible Assets	£112,000,000	-18.8%	£138,000,000	-14.4%	£161,303,000	2%	£158,209,000	-2.8%	£162,731,000
	Total Fixed Assets	£487,000,000	-2.8%	£501,000,000	-3.4%	£518,415,000	7.4%	£482,641,000	0.6%	£479,999,000
	Stock	£351,000,000	-11.1%	£395,000,000	-16.8%	£474,907,000	56.2%	£304,020,000	21.5%	£250,125,000
	Trade Debtors	£184,000,000	-37.4%	£294,000,000	3%	£285,379,000	16.2%	£245,604,000	10.7%	£221,869,000
	Cash	£27,000,000	22.7%	£22,000,000	-38.8%	£35,969,000	-30%	£51,409,000	327.7%	£12,021,000
	Other Debtors	£328,000,000	29.6%	£253,000,000	9.6%	£230,919,000	98.6%	£116,298,000	58.6%	£73,329,000
	Miscellaneous Current Assets	0	-	0	-	0	-100%	£32,000	-78.9%	£152,000
	Total Current Assets	£890,000,000	-7.7%	£964,000,000	-6.2%	£1,027,174,000	43.2%	£717,363,000	28.7%	£557,496,000
	Trade Creditors	£133,000,000	-44.1%	£238,000,000	3.9%	£228,969,000	3.8%	£220,595,000	31.6%	£167,581,000
	Bank Loans & Overdrafts	£204,000,000	29.9%	£157,000,000	-39.7%	£260,310,000	999.9%	£7,987,000	-78.2%	£36,562,000
	Other Short Term Finance	£35,000,000	-2.8%	£36,000,000	14.6%	£31,405,000	44.9%	£21,672,000	-68.7%	£69,144,000
	Miscellaneous Current Liabilities	£89,000,000	-19.8%	£111,000,000	20.4%	£92,191,000	-3.9%	£95,965,000	-17.9%	£116,839,000
	Total Current Liabilities	£461,000,000	-14.9%	£542,000,000	-11.6%	£612,875,000	77%	£346,219,000	-11.3%	£390,126,000
	Bank Loans & Overdrafts and LTL	£385,000,000	2.7%	£375,000,000	-28%	£520,660,000	94.7%	£267,431,000	45.1%	£184,269,000
	Other Long Term Finance	£126,000,000	-18.7%	£155,000,000	-15%	£182,411,000	-8.4%	£199,202,000	107.3%	£96,075,000
	Total Long Term Liabilities	£181,000,000	-17%	£218,000,000	-16.3%	£260,350,000	0.3%	£259,444,000	75.6%	£147,707,000

Capital & Reserves

	Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
	Called Up Share Capital	-	-	-	-100%	£101,000	-	£101,000	-	£101,000
	P & L Account Reserve	£724,000,000	4.3%	£694,000,000	5.1%	£660,109,000	13.4%	£582,086,000	19.4%	£487,407,000
	Revaluation Reserve	-	-	-	-100%	£4,128,000	-	£4,128,000	-	£4,128,000
	Sundry Reserves	£11,000,000	-	£11,000,000	37.1%	£8,026,000	-	£8,026,000	-	£8,026,000
	Shareholder Funds	£735,000,000	4.3%	£705,000,000	4.9%	£672,364,000	13.1%	£594,341,000	18.9%	£499,662,000

Other Financial Items

	Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
	Net Worth	£623,000,000	9.9%	£567,000,000	10.9%	£511,061,000	17.2%	£436,132,000	29.4%	£336,931,000
	Working Capital	£429,000,000	1.7%	£422,000,000	1.9%	£414,299,000	11.6%	£371,144,000	121.8%	£167,370,000
	Total Assets	£1,377,000,000	-6%	£1,465,000,000	-5.2%	£1,545,589,000	28.8%	£1,200,004,000	15.7%	£1,037,495,000
	Total Liabilities	£642,000,000	-15.5%	£760,000,000	-13%	£873,225,000	44.2%	£605,663,000	12.6%	£537,833,000
	Net Assets	£735,000,000	4.3%	£705,000,000	4.9%	£672,364,000	13.1%	£594,341,000	18.9%	£499,662,000

Cash Flow

	Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
	Net Cashflow from Operations	£86,000,000	-59.4%	£212,000,000	323%	-£95,047,000	-172.5%	£131,058,000	27.7%	£102,622,000
	Net Cashflow before Financing	-£17,000,000	-115.9%	£107,000,000	144%	-£243,361,000	-999.9%	£20,358,000	171.7%	-£28,383,000
	Net Cashflow from Financing	-£27,000,000	-35%	-£20,000,000	7.3%	-£21,578,000	-146.7%	£46,196,000	999.9%	£3,467,000
	Increase in Cash	-£44,000,000	-150.6%	£87,000,000	132.8%	-£264,939,000	-498.1%	£66,554,000	367.1%	-£24,916,000

Miscellaneous

	Date Of Accounts	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
	Contingent Liability	YES	-	YES	-	YES	-	YES	-	YES
	Capital Employed	£916,000,000	-0.8%	£923,000,000	-1%	£932,714,000	9.2%	£853,785,000	31.9%	£647,369,000
	Number of Employees	2927	5.4%	2778	13.5%	2448	10%	2226	4.2%	2136
	Accountants
	Auditors	KPMG LLP
	Auditor Comments	The audit report contains no adverse comments
	Bankers	HSBC BANK PLC
	Bank Branch Code

Ratios

	Date Of Accounts	31/12/13	31/12/12	31/12/11	31/12/10	31/12/09
	Pre-tax profit margin %	1.67	1.79	3.82	6.38	4.94
	Current ratio	1.93	1.78	1.68	2.07	1.43
	Sales/Net Working Capital	6.55	7.55	7.32	6.55	11.01
	Gearing %	52.40	53.20	77.40	45	36.90
	Equity in %	58.10	53.10	48.60	57	57.10
	Creditor Days	17.22	27.20	27.48	33.02	33.09
	Debtor Days	23.83	33.61	34.25	36.77	43.81
	Liquidity/Acid Test	1.16	1.04	0.90	1.19	0.78
	Return On Capital Employed %	5.13	6.17	12.43	18.16	14.07
	Return On Total Assets Employed %	3.41	3.89	7.50	12.92	8.78
	Current Debt Ratio	0.62	0.76	0.91	0.58	0.78
	Total Debt Ratio	0.87	1.07	1.29	1.01	1.07
	Stock Turnover Ratio %	12.49	12.40	15.66	12.50	13.57
	Return on Net Assets Employed %	6.39	8.08	17.24	26.09	18.23

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
15/09/2015	Payment Data Update Recieved
05/08/2015	Payment Data Update Recieved
07/04/2015	Annual Returns
20/09/2014	New Accounts Filed
20/09/2014	New Accounts Filed
25/03/2014	Annual Returns
09/10/2013	New Accounts Filed
22/03/2013	Annual Returns
08/10/2012	New Accounts Filed
03/04/2012	Annual Returns
05/10/2011	New Accounts Filed
05/10/2011	New Accounts Filed
02/09/2011	Mr P.R. Sheppard has left the board
02/04/2011	Annual Returns
01/12/2010	New Board Member Mr E.S. Pysden appointed

Previous Company Names

Date	Previous Name
21/12/1994	NOBLEDRIFT LIMITED

Writ Details

No writs found

Statistics

Group	46 companies
Linkages	13 companies
Countries	In 3 countries

Summary

Holding Company	AUSURUS GROUP LTD
Ownership Status	Wholly Owned
Ultimate Holding Company	AUSURUS GROUP LTD

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
AUSURUS GROUP LTD	09123549	-	N
EUROPEAN METAL RECYCLI...	02954623	31.12.2013	Y	£2,810,000,000
MOUNTSTAR METAL CORP...	00941219	31.12.2013	N
MOSSDALE METALS (DUR...	02329774	31.12.2013	N
INTERNATIONAL METAL...	07033301	31.12.2013	N
EMR (USA HOLDINGS) INC	N/A	-	-
EMR FINANCING LIMITED	08355855	31.12.2013	N
EUROPEAN METAL RECYC...	05689978	31.12.2013	N
EUROPEAN METAL RECYC...	05721603	31.12.2013	N
EUROPEAN METAL RECYC...	05721604	31.12.2013	N
COOPER BARNES META...	00238931	31.12.2013	N
MAYER PARRY (EAST...	00364122	31.12.2013	N
SMITH AND COMPANY...	00496831	31.12.2013	N
J.T. BROADHURST &...	00507041	31.12.2013	N
C D JORDAN & SON (...	00533750	31.12.2013	N
MEON VALLEY METALS...	00592563	31.12.2013	N
CLEVELAND METALS L...	00630903	31.12.2013	N
T.HOLLOWAY & SONS(...	00789117	31.12.2013	N
SCRAP PROCESSING (...	00977974	31.12.2013	N
EMR MIDLAND SHREDD...	01018817	31.12.2013	N
C.D. JORDAN & SON...	01041311	31.12.2013	N
T LETHBRIDGE LIMITED	01086344	31.12.2013	N
MAYER PARRY RECYCL...	01115211	31.12.2013	N
SHEPPARD GROUP LIM...	01396282	31.12.2013	N
SMITH AND COMPANY...	01410724	31.12.2013	N
SHEPPARDS WASTE RE...	01490038	31.12.2013	N
JORDANS (NEWHAVEN)...	01607188	31.12.2013	N
COOPERS HOLDINGS L...	01647343	31.12.2013	N
EMR SHIPPING LIMITED	01883741	31.12.2013	N
JACKSON DUNN LIMITED	01912355	31.12.2013	N
ROBINSON SHIPPING...	02386884	31.12.2013	N
MAYER PARRY RECYCL...	02506721	31.12.2013	N
ISLAND RECYCLING L...	03084827	31.12.2013	N
EMR EXPORTS LIMITED	03478486	31.12.2013	N
EVER 1052 LIMITED	03650781	31.12.2013	N
PREMIER GRANULES U...	06243338	31.12.2013	N
E.BARNES & CO.,LIM...	00771444	31.12.2013	N
COOPERS METALS (HO...	00518811	31.12.2013	N
HENDERSON KERR (SC...	SC093531	31.12.2013	N
ROBINSON GROUP LTD	00707119	31.12.2013	N
HENDERSON KERR LIMITED	SC029189	31.12.2013	N
MAYER ENVIRONMENTAL...	03398932	31.12.2013	N	£463,000
PRAEDIUS LTD.	09123547	-	N
PRAEDIUS (UK) LIMITED	09176199	-	N
PRAEDIUS UK (NO 1)...	09247662	-	N
PRAEDIUS UK (NO 2) L...	09751619	-	N

Other Linked Companies

Name	Number	Latest Key Financials	Turnover
EMR DEUTSCHLAND BETEILIGUNGSGESELLSCHAFT MBH	HRB 97875	31.12.2013	€170,942,989
WERNER HOPP VERMÖGENSBETEILIGUNGS-GMBH	HRB 97875	31.12.2007
EMR EUROPEAN METAL RECYCLING GMBH	HRB 35223	31.12.2013	€170,942,989
EUROPEAN METAL RECYCLING B.V.	20070123	31.12.2013	€295,714,057
SMS GRUNDSTÜCKSVERWALTUNGS-GMBH	HRB 1658 IZ	31.12.2011
GRUNDSTÜCKSGESELLSCHAFT BORSIGSTRAßE 1 GMBH	HRB 72716	31.12.2011
EMR HOLDINGS B.V.	24320247	31.12.2012
INTERNATIONAL METAL & STEEL B.V.	24435887	31.12.2012
EMR EUROPEAN METAL RECYCLING GMBH	HRB 45403	-
HAR HAMBURGER AUTO RECYCLING GMBH	HRB 67628	-
SOUTHERN SCRAP RECYCLING MORGAN CITY, LLC		-	$788,000
SOUTHERN RECYCLING LLC		-
SOUTHERN SCRAP MATERIAL CO LLC		-

Exact CCJ Details

Date	Court	Amount	Status	Case Number	Date Paid
14/07/2011	BURNLEY	£613	Satisfied	1RA00381	21/09/2011

Possible CCJs Details

Possible CCJ matches show CCJs that may be matched to a company based on various criteria such as similar trading names or addresses. This data is provided for your information only as an aid to decision-making and does not affect a company’s rating.

There are no possible CCJ details

Mortgage Details

Mortgage Type:	STANDARD SECURITY EXECUTED ON 3 JULY 2012
Date Charge Created:	08/08/12
Date Charge Registered:	24/08/12
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC CORPORATE TRUSTEE COMPANY (UK) LIMITED (AS SECURITY TRUSTEE FOR THE SECURED PARTIES) (THE
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM EACH PRESENT OR FUTURE MEMBER OF THE GROUPTO THE SECURITY AGENTAND/OR THE OTHER SECURED PARTIES (OR ANY OF THEM) ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THEAFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	ALL AND WHOLE THE PROPERTY BEING AREA OF GROUND ON THE EAST SIDE OF KIRKLEE MOSSEND BELLSHILL T/N LAN203454
Mortgage Type:	SUPPLEMENTAL DEBENTURE
Date Charge Created:	18/06/12
Date Charge Registered:	26/06/12
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC CORPORATE TRUSTEE COMPANY (UK) LIMITED;
Amount Secured:
Details:	F/H LAND LYING TO THE SOUTH OF STATION ROAD, BIGGLESWADE T/NO BD213861. F/H LAND BEING HOBSON INDUSTRIAL ESTATE, BURNOPFIELD T/NO DU184392. F/H LAND BEING LANDAND BUILDINGS LYING TO THE SOUTH OF STATION ROAD, BIGGLESWADE T/NO'S BD228640, BD182158. FOR FURTHER DETAILS OF PROPERTY CHARGED PLEASE REFER TO FORM MG01

Mortgage Type:	DEBENTURE
Date Charge Created:	05/11/10
Date Charge Registered:	10/11/10
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC CORPORATE TRUSTEE COMPANY (UK) LIMITED (THE "SECURITY AGENT");
Amount Secured:
Details:	L/H LAND AT UNIT 1 DUNDAS CLOSE PORTSMOUTH T/NO PM14710,L/H LAND LYING TO THE NORTH OF LANDOR STREET NECHELLS T/NO WM569752,F/H LAND LYING TO THE WEST SIDE OF CAULDWELL WALK BEDFORD T/NO BD 119137(FOR FURTHER DETAILS OF SECURITY ASSETS PLEASE REFER TO FORM MG01) FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOK DEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY SEE IMAGE FOR FULL DETAILS
Mortgage Type:	SUPPLEMENTAL LEGAL CHARGE
Date Charge Created:	11/03/10
Date Charge Registered:	13/03/10
Date Charge Satisfied:	10/11/10
Status:	SATISFIED
Person(s) Entitled:	HSBC BANK PLC (THE SECURITY AGENT)
Amount Secured:
Details:	L/H LAND AT UNIT 1 DUNDAS CLOSE PORTSMOUTH T/N PM14710 AND ALL BUILDINGS AND FIXTURES AND FIXED PLANT AND MACHINERY ANDALL EASEMENTS RIGHTS AND AGREEMENTS SEEIMAGE FOR FULL DETAILS

Mortgage Type:	SUPPLEMENTAL LEGAL CHARGE
Date Charge Created:	09/03/10
Date Charge Registered:	12/03/10
Date Charge Satisfied:	10/11/10
Status:	SATISFIED
Person(s) Entitled:	HSBC BANK PLC (THE SECURITY AGENT)
Amount Secured:
Details:	F/H LAND AT UNIT 7 TRANSPORT AVENUE BRENTFORD T/N NGL524776 AND ALL BUILDINGS AND FIXTURES AND FIXEDPLANT AND MACHINERY AND ALL EASEMENTS RIGHTS AND AGREEMENTS SEE IMAGE FOR FULL DETAILS
Mortgage Type:	SUPPLEMENTAL LEGAL CHARGE
Date Charge Created:	08/05/09
Date Charge Registered:	20/05/09
Date Charge Satisfied:	10/11/10
Status:	SATISFIED
Person(s) Entitled:	HSBC BANK PLC (SECURITY AGENT)
Amount Secured:
Details:	ALL THE RIGHT TITLE AND INTEREST IN ANDTO THE PROPERTY BEING THE L/H LAND LYING TO THE NORTH OF LANDOR STREET, NECHELLS, WEST MIDLANDS, BIRMINGHAM T/NO WM569752 ALL BUILDINGS AND FIXTURES AND FIXED PLANT AND MACHINERY, ALL EASEMENTS, RIGHTS AND AGREEMENTS, THE BENEFIT OF ALL COVENANTS, SEE IMAGE FORFULL DETAILS

Mortgage Type:	GROUP DEBENTURE
Date Charge Created:	14/01/09
Date Charge Registered:	20/01/09
Date Charge Satisfied:	10/11/10
Status:	SATISFIED
Person(s) Entitled:	HSBC BANK PLC ("SECURITY AGENT")
Amount Secured:
Details:	FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY SEE IMAGEFOR FULL DETAILS
Mortgage Type:	FIXED AND FLOATING SECURITY DOCUMENT
Date Charge Created:	02/04/07
Date Charge Registered:	17/04/07
Date Charge Satisfied:	07/03/09
Status:	SATISFIED
Person(s) Entitled:	HSBC BANK PLC AS SECURITY TRUSTEE FOR THE BENEFIT OF THE FINANCE PARTIES
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO ANY FINANCE PARTY ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
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 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	FIXED AND FLOATING SECURITY DOCUMENT
Date Charge Created:	03/03/06
Date Charge Registered:	09/03/06
Date Charge Satisfied:	07/03/09
Status:	SATISFIED
Person(s) Entitled:	HSBC BANK PLC AS SECURITY TRUSTEE FOR THE BENEFIT OF THE FINANCE PARTIES
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO ANY FINANCE PARTY ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
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 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	FIXED AND FLOATING SECURITY DOCUMENT
Date Charge Created:	04/05/05
Date Charge Registered:	09/05/05
Date Charge Satisfied:	07/03/09
Status:	SATISFIED
Person(s) Entitled:	HSBC BANK PLC AS SECURITY TRUSTEE FOR THE BENEFIT OF THE FINANCE PARTIES
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO ANY FINANCE PARTY ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	BRIGHTON ROAD SHOREHAM BY SEA T/NO WSX204686 AND WSX204687,THAMES WHARF BOW CREEK NEWHAM T/NO EGL107110,LAND ON THE NORTH EAST OF EAST COAST ROAD ATTERCLIFFE SHEFFIELD T/NO SYK233868 AND SYK241073 (FOR DETAILS OF FURTHER PROPERTIES CHARGEDPLEASE REFER TO FORM 395) SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	FIXED AND FLOATING SECURITY DOCUMENT
Date Charge Created:	03/05/00
Date Charge Registered:	16/05/00
Date Charge Satisfied:	12/05/05
Status:	SATISFIED
Person(s) Entitled:	HSBC INVESTMENT BANK PLC (THE "SECURITY TRUSTEE")
Amount Secured:	ALL PRESENT AND FUTURE MONEYS DEBTS ANDLIABILITIES DUE OWING OR INCURRED BY ANY CHARGOR (INCLUDING THE COMPANY) TO ANYFINANCE PARTY UNDER OR IN CONNECTION WITH ANY FINANCE DOCUMENT (IN EACH CASE WHETHER ALONE OR JOINTLY OR JOINTLY AND SEVERALLY WITH ANY OTHER PERSON WHETHER ACTUALLY OR CONTINGENTLYAND WHETHER AS PRINCIPAL SURETY OR OTHERWISE)(ALL TERMS AS DEFINED)
Details:	LEGAL MORTGAGE ALL REAL PROPERTY IN ENGLAND AND WALES (INCLUDING THAT DESCRIBEDIN SCHEDULE 1 TO THE395) BELONGING TO IT AT THE DATE OF THE DEBENTURE; FIXED EQUITABLE CHARGE ALL OTHER REAL PROPERTY BELONGING TO IT AT THE DATE OF THE DEBENTURE AND ALL REAL PROPERTY ACQUIRED BY IT THEREAFTER; AND FIXED CHARGE,ALL ITS PRESENT AND FUTURE: (I) BOOK DEBTS;(II) BANK ACCOUNTS;(III) INVESTMENTS; (V) INSURANCES; (V) UNCALLED CAPITAL AND GOODWILL; (VI) INTELLECTUAL PROPERTY; (VII) PLANT AND MACHINERY. SEETHE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	FIXED CHARGE
Date Charge Created:	03/02/00
Date Charge Registered:	04/02/00
Date Charge Satisfied:	12/05/05
Status:	SATISFIED
Person(s) Entitled:	LLOYDS UDT LIMITED
Amount Secured:	THE PRINCIPAL SUM OF £514,305.56 TOGETHER WITH INTEREST AND CHARGES THEREON DUEOR TO BECOME DUE FROMTHE COMPANY TO THE CHARGEE
Details:	A FIRST FIXED CHARGE OVER 1 X LIEBHERR R984C-EW S/N 624/2026

Mortgage Type:	FIXED CHARGE
Date Charge Created:	25/11/99
Date Charge Registered:	26/11/99
Date Charge Satisfied:	12/05/05
Status:	SATISFIED
Person(s) Entitled:	LLOYDS UDT LIMITED
Amount Secured:	THE PRINCIPAL SUM OF £415,512.19 DUE ORTO BECOME DUE FROM THE COMPANY TO THE CHARGEE
Details:	A FIRST FIXED CHARGER OVER 1 X HYUNDAI R2002-2 INDUSTRIAL WHEELED LOADING MACHINE C/W ARDEN AE4100R GRAB SERIAL NUMBER E0377 1 X FUCHS 350A SERIAL NUMBER 0299 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	EQUITABLE CHARGE
Date Charge Created:	09/11/98
Date Charge Registered:	18/11/98
Date Charge Satisfied:	02/06/00
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:	ALL THAT THE COMPANY\S SHARE OF THE NETPROCEEDS OF SALE AND OF THE NET RENTS PROFITS TILL SALE OF THE UNDERMENTIONED PROPERTY: 123 GYPSY LANE SWINDON WITLSHIRE T/N WT91703 AND ALL OTHER THE INTERESTOFTHE COMPANY UNDER THE TRUST AFFECTING THE SAID PROPERTY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	09/03/96
Date Charge Registered:	20/03/96
Date Charge Satisfied:	02/06/00
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:	LAND AND PREMISES AT CARPENTERS ROAD, STRATFORD, L/B OF NEWHAM
Mortgage Type:	LEGAL CHARGE
Date Charge Created:	09/03/96
Date Charge Registered:	20/03/96
Date Charge Satisfied:	02/06/00
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:	LAND AND PREMISES AT CARPENTERS ROAD, STRATFORD, L/B OF NEWHAM

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	09/03/96
Date Charge Registered:	20/03/96
Date Charge Satisfied:	02/06/00
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:	LAND AND PREMISES AT CARPENTERS ROAD, STRATFORD, L/B OF NEWHAM
Mortgage Type:	LEGAL CHARGE
Date Charge Created:	09/03/96
Date Charge Registered:	18/03/96
Date Charge Satisfied:	02/06/00
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 ON THE EAST SIDEOF UNCOUTH ROAD MILNROW ROCHDALE GREATER MANCHESTER T/N-GM543302. F/H-LAND ON THE NORTH WEST SIDE OF TRINITY ROAD KINGSBURY (NORTH) WARWICKSHIRE T/N-WK308647. F/H-LAND ON THE SOUTH EAST SIDE OF BENTLEY ROAD SOUTH DARLASTON WEST MIDLANDS T/N-WM471486 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	GUARANTEE AND DEBENTURE
Date Charge Created:	29/11/94
Date Charge Registered:	14/12/94
Date Charge Satisfied:	02/06/00
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE OTHERCOMPANIES NAMED THEREIN 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 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	SECOND FIXED AND FLOATING CHARGE
Date Charge Created:	29/11/94
Date Charge Registered:	08/12/94
Date Charge Satisfied:	28/04/97
Status:	SATISFIED
Person(s) Entitled:	ROBERT COOPER"THE PARTIES"
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE PURSUANT TO CLAUSE 3.5.1. OF A SHARESALE AGREEMENT OF EVEN DATE
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 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

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	5	£7,806
Company Name		Amount	Statement Date
Swanshaws Ltd		£6,474	15/10/2014
W E 3 Recycling Limited		£726	10/01/2014
T C G Global Limited		£288	20/09/2012
Recycling North East Ltd		£160	23/05/2014
Bliss Aggregates Com Limited		£158	22/05/2013

Previous Director/Company Secretaries

Name	Current Directorships		Previous Directorships
John Brian Roberts	2		17
Phillip Robert Sheppard	33		54
Malcolm Ian Cameron Wallace	2		13
Alan Michael Crowe	2		21
Peter John Callaghan	9		64
Michael John Cummins	0		3
Colin David Iles	27		61
David James Ingall	7		54
Nick Warren	0		20
Peter Thomas Armer	8		68
Charles Raueleigh Cooper Eddolls	10		9
Michael Blake Hughes	23		65
Nicholas Warren	0		42
Michael John Maher	25		85
LONDON LAW SERVICES LIMITED	1697		53451
LONDON LAW SECRETARIAL LIMITED	1799		53393
Average Invoice Value		Ł3401.07
Invoices available		5508
Paid		5256
Outstanding		252

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	2775	1956	318	107	100
Outstanding	98	139	2	3	10

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.65.63
UK Pound	1	Rs.101.73
Euro	1	Rs.73.26

INFORMATION DETAILS

Analysis Done by :	RAS
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.