3decades

MIRA INFORM REPORT

Report No. :	516858
Report Date :	25.06.2018

IDENTIFICATION DETAILS

Name :	EUROPEAN METAL RECYCLING LIMITED

Formerly Known As :	NOBLEDRIFT LIMITED

Registered Office :	Sirius House Delta Crescent Westbrook Warrington Wa5 7ns

Country :	United Kingdom

Financials (as on) :	31.12.2016

Date of Incorporation :	02.08.1994

Com. Reg. No.:	02954623

Legal Form :	Private Limited with Share Capital

Line of Business :	· Recovery of sorted materials · A group engaged and its subsidiary is in the recycling of ferrous and non-ferrous metals.

No. of Employees :	2910

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

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

Country Name

Previous Rating

(31.12.2017)

Current Rating

(01.04.2018)

United Kingdom

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	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; 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 the UK’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 then CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which has continued under the Conservative government. However, the deficit still remains one of the highest in the G7, standing at 3.6% of GDP as of 2017, and the UK has pledged to lower its corporation tax from 20% to 17% by 2020. The UK had a debt burden of 90.4% GDP at the end of 2017.

The UK’s economy has begun to slow since the referendum vote to leave the EU in June 2016. A sustained depreciation of the British pound has increased consumer and producer prices, weighing on consumer spending without spurring a meaningful increase in exports. The UK has an extensive trade relationship with other EU members through its single market membership and economic observers have warned the exit will jeopardize its position as the central location for European financial services. Prime Minister MAY is seeking a new “deep and special” trade relationship with the EU following the UK’s exit. However, economists doubt that the UK will be able to preserve the benefits of EU membership without the obligations.

Source : CIA

Company name and address

Company Name: EUROPEAN METAL RECYCLING LIMITED

Company No: 02954623

Company Status: Active - Accounts Filed

Registered Address: SIRIUS HOUSEDELTA CRESCENT WESTBROOKWARRINGTONWA5 7NS

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.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 26/09/2017

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.

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company AUSURUS GROUP LTD

Accountant -

Mortgages 23

Trade Debtors -

Group 49 companies

Linkages 30 companies

Countries In 6 countries

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder's Funds Employees

31/12/2016 £2,221,000,000 -£167,000,000 £584,000,000\ 2910

31/12/2015 £2,020,000,000 -£56,000,000 £718,000,000 3014

31/12/2014 £2,522,000,000 £54,000,000 £777,000,000 2979

Mortgage Summary

Total Mortgage 23

Outstanding 6

Satisfied 17

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 7

Total Value of Documented Trade £18,203

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 negative return on assets.

This company has made late payments on a medium 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 -	0	Total Value of Satisfied CCJs -
Total Number of Writs -	-

Current Directors

Title	Mr	Function	Director
Name	Robin Sheppard	Nationality	British
Date of Birth	08/1954	Present Appointments	18
Latest Address	Sirius House Delta Crescent, Westbrook, Warrington, Cheshire	Appointment Date	26/09/1994
Post Code	WA5 7NS
Title	Mr	Function	Director
Name	Edward Scott Pysden	Nationality	British
Date of Birth	05/1948	Present Appointments	2
Latest Address	Sirius House, Delta Crescent Westbrook, Warrington, Cheshire	Appointment Date	27/10/2010
Post Code	WA5 7NS

Title	Mr	Function	Director
Name	David Farrington Landless	Nationality	British
Date of Birth	01/1960	Present Appointments	4
Latest Address	Sirius House Delta Crescent, Westbrook, Warrington, Cheshire	Appointment Date	30/06/2017
Post Code	WA5 7NS
Title	Mr	Function	Director
Name	Christopher Phillip Sheppard	Nationality	British
Date of Birth	07/1974	Present Appointments	57
Latest Address	Sirius House Delta Crescent, Westbrook, Warrington, Cheshire	Appointment Date	20/11/2007
Post Code	WA5 7NS

Title	Mr	Function	Director
Name	Edwin Leijnse	Nationality	Dutch
Date of Birth	09/1967	Present Appointments	3
Latest Address	Sirius House Delta Crescent, Westbrook, Warrington, Cheshire	Appointment Date	22/11/2016
Post Code	WA5 7NS

Current Company Secretary

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

Top 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

Financials

Profit & Loss

Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
Consolidated A/cs	Y	(%)	Y	(%)	Y	(%)	Y	(%)	Y
Turnover	£2,221,000,000	10%	£2,020,000,000	-19.9%	£2,522,000,000	-10.2%	£2,810,000,000	-11.7%	£3,184,000,000
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	£1,690,000,000	3.7%	£1,629,000,000	-20.1%	£2,038,000,000	-16.4%	£2,439,000,000	-13.2%	£2,811,000,000
Gross Profit	£531,000,000	35.8%	£391,000,000	-19.2%	£484,000,000	30.5%	£371,000,000	-0.5%	£373,000,000
Wages & Salaries	£119,000,000	4.4%	£114,000,000	4.6%	£109,000,000	-6%	£116,000,000	13.7%	£102,000,000
Directors Emoluments	-	-100%	£1,960,000	-21%	£2,480,000	37.8%	£1,800,000	-64.4%	£5,060,000
Operating Profit	-£154,000,000	-569.6%	-£23,000,000	-130.3%	£76,000,000	4.1%	£73,000,000	-9.9%	£81,000,000
Depreciation	£45,000,000	-2.2%	£46,000,000	21.1%	£38,000,000	-	£38,000,000	-	£38,000,000
Audit Fees	£650,000	20.4%	£540,000	260%	£150,000	-68.1%	£470,000	11.9%	£420,000
Interest Payments	£13,000,000	-31.6%	£19,000,000	-	£19,000,000	-29.6%	£27,000,000	35%	£20,000,000
Pre Tax Profit	-£167,000,000	-198.2%	-£56,000,000	-203.7%	£54,000,000	14.9%	£47,000,000	-17.5%	£57,000,000
Taxation	£12,000,000	300%	-£6,000,000	45.5%	-£11,000,000	-	-£11,000,000	47.6%	-£21,000,000
Profit After Tax	-£155,000,000	-150%	-£62,000,000	-244.2%	£43,000,000	19.4%	£36,000,000	-	£36,000,000
Dividends Payable	£2,000,000	-	-	-100%	£1,000,000	-	£1,000,000	-50%	£2,000,000
Retained Profit	-£159,000,000	-148.4%	-£64,000,000	-256.1%	£41,000,000	28.1%	£32,000,000	6.7%	£30,000,000

Balance Sheet

Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
Tangible Assets	£275,000,000	-25.5%	£369,000,000	-14%	£429,000,000	14.4%	£375,000,000	3.3%	£363,000,000
Intangible Assets	£60,000,000	-16.7%	£72,000,000	-24.2%	£95,000,000	-15.2%	£112,000,000	-18.8%	£138,000,000
Total Fixed Assets	£335,000,000	-24%	£441,000,000	-15.8%	£524,000,000	7.6%	£487,000,000	-2.8%	£501,000,000
Stock	£211,000,000	41.6%	£149,000,000	-59%	£363,000,000	3.4%	£351,000,000	-11.1%	£395,000,000
Trade Debtors	£146,000,000	60.4%	£91,000,000	-48.9%	£178,000,000	-3.3%	£184,000,000	-37.4%	£294,000,000
Cash	0	-100%	£19,000,000	90%	£10,000,000	-63%	£27,000,000	22.7%	£22,000,000
Other Debtors	£482,000,000	33.9%	£360,000,000	24.6%	£289,000,000	-11.9%	£328,000,000	29.6%	£253,000,000
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	£839,000,000	35.5%	£619,000,000	-26.3%	£840,000,000	-5.6%	£890,000,000	-7.7%	£964,000,000
Trade Creditors	£141,000,000	46.9%	£96,000,000	-28.9%	£135,000,000	1.5%	£133,000,000	-44.1%	£238,000,000
Bank Loans & Overdrafts	£237,000,000	999.9%	£4,000,000	-97.6%	£168,000,000	-17.6%	£204,000,000	29.9%	£157,000,000
Other Short Term Finance	£4,000,000	-85.7%	£28,000,000	-6.7%	£30,000,000	-14.3%	£35,000,000	-2.8%	£36,000,000
Miscellaneous Current Liabilities	£100,000,000	23.5%	£81,000,000	-2.4%	£83,000,000	-6.7%	£89,000,000	-19.8%	£111,000,000
Total Current Liabilities	£482,000,000	130.6%	£209,000,000	-49.8%	£416,000,000	-9.8%	£461,000,000	-14.9%	£542,000,000
Bank Loans & Overdrafts and LTL	£345,000,000	151.8%	£137,000,000	-59.6%	£339,000,000	-11.9%	£385,000,000	2.7%	£375,000,000
Other Long Term Finance	£1,000,000	-	£1,000,000	-99.1%	£114,000,000	-3.4%	£118,000,000	-23.9%	£155,000,000
Total Long Term Liabilities	£108,000,000	-18.8%	£133,000,000	-22.2%	£171,000,000	-5.5%	£181,000,000	-17%	£218,000,000

Capital & Reserves

Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
Called Up Share Capital	-	-	-	-	-	-	-	-	-
P & L Account Reserve	£575,000,000	-18.9%	£709,000,000	-7.7%	£768,000,000	6.1%	£724,000,000	4.3%	£694,000,000
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	£9,000,000	-	£9,000,000	-	£9,000,000	-18.2%	£11,000,000	-	£11,000,000
Shareholder Funds	£584,000,000	-18.7%	£718,000,000	-7.6%	£777,000,000	5.7%	£735,000,000	4.3%	£705,000,000

Other Financial Items

Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
Net Worth	£524,000,000	-18.9%	£646,000,000	-5.3%	£682,000,000	9.5%	£623,000,000	9.9%	£567,000,000
Working Capital	£357,000,000	-12.9%	£410,000,000	-3.3%	£424,000,000	-1.2%	£429,000,000	1.7%	£422,000,000
Total Assets	£1,174,000,000	10.8%	£1,060,000,000	-22.3%	£1,364,000,000	-0.9%	£1,377,000,000	-6%	£1,465,000,000
Total Liabilities	£590,000,000	72.5%	£342,000,000	-41.7%	£587,000,000	-8.6%	£642,000,000	-15.5%	£760,000,000
Net Assets	£584,000,000	-18.7%	£718,000,000	-7.6%	£777,000,000	5.7%	£735,000,000	4.3%	£705,000,000

Cash Flow

Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
Net Cashflow from Operations	-£125,000,000	-155.3%	£226,000,000	343.1%	£51,000,000	-40.7%	£86,000,000	-59.4%	£212,000,000
Net Cashflow before Financing	-£124,000,000	-160.5%	£205,000,000	345.7%	£46,000,000	370.6%	-£17,000,000	-115.9%	£107,000,000
Net Cashflow from Financing	£96,000,000	149%	-£196,000,000	-211.1%	-£63,000,000	-133.3%	-£27,000,000	-35%	-£20,000,000
Increase in Cash	-£28,000,000	-411.1%	£9,000,000	152.9%	-£17,000,000	61.4%	-£44,000,000	-150.6%	£87,000,000

Miscellaneous

Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
Contingent Liability	NO	-	NO	-	NO	-	YES	-	YES
Capital Employed	£692,000,000	-18.7%	£851,000,000	-10.2%	£948,000,000	3.5%	£916,000,000	-0.8%	£923,000,000
Number of Employees	2910	-3.5%	3014	1.2%	2979	1.8%	2927	5.4%	2778
Accountants
Auditors	KPMG LLP
Auditor Comments	The audit report contains no adverse comments
Bankers	HSBC BANK PLC
Bank Branch Code

Ratios

Date Of Accounts	31/12/16	31/12/15	31/12/14	31/12/13	31/12/12
Pre-tax profit margin %	-7.52	-2.77	2.14	1.67	1.79
Current ratio	1.74	2.96	2.02	1.93	1.78
Sales/Net Working Capital	6.22	4.93	5.95	6.55	7.55
Gearing %	59.10	19.10	43.60	52.40	53.20
Equity in %	52.40	72.70	61.20	58.10	53.10
Creditor Days	23.10	17.29	19.48	17.22	27.20
Debtor Days	23.92	16.39	25.69	23.83	33.61
Liquidity/Acid Test	1.30	2.24	1.14	1.16	1.04
Return On Capital Employed %	-24.13	-6.58	5.69	5.13	6.17
Return On Total Assets Employed %	-14.22	-5.28	3.95	3.41	3.89
Current Debt Ratio	0.82	0.29	0.53	0.62	0.76
Total Debt Ratio	1.01	0.47	0.75	0.87	1.07
Stock Turnover Ratio %	9.50	7.37	14.39	12.49	12.40
Return on Net Assets Employed %	-28.59	-7.79	6.94	6.39	8.08

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
24/01/2018	Confirmation Statement
15/11/2017	Mr C.D. Iles has left the board
02/11/2017	Payment Data Update Received
04/10/2017	Payment Data Update Received
03/10/2017	New Accounts Filed
03/10/2017	New Accounts Filed
27/09/2017	Payment Data Update Received
18/07/2017	New Board Member Mr D.F. Landless appointed
11/07/2017	New Board Member Mr D.F. Landless appointed
08/02/2017	Annual Returns
02/12/2016	Payment Data Update Received
24/11/2016	New Board Member Mr E. Leijnse appointed
20/08/2016	New Accounts Filed
20/08/2016	New Accounts Filed
12/07/2016	Payment Data Update Received

Previous Company Names

Date	Previous Name
21/12/1994	NOBLEDRIFT LIMITED

Writ Details

No writs found

Statistics

Group	49 companies
Linkages	30 companies
Countries	In 6 countries

Summary

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

Group StructureFull

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
AUSURUS GROUP LTD	09123549	31.12.2016	Y	£2,227,000,000
EUROPEAN METAL RECYCLI...	02954623	31.12.2016	Y	£2,221,000,000
MOUNTSTAR METAL CORP...	00941219	31.12.2016	N
MOSSDALE METALS (DUR...	02329774	31.12.2016	N
INTERNATIONAL METAL...	07033301	31.12.2016	N
EMR (USA HOLDINGS) INC	N/A	-	-
EUROPEAN METAL REC...	08355855	31.12.2016	N	£3,522,761
EUROPEAN METAL RECYC...	05689978	31.12.2016	N
EUROPEAN METAL RECYC...	05721603	31.12.2016	N
EUROPEAN METAL RECYC...	05721604	31.12.2016	N
COOPER BARNES META...	00238931	31.12.2016	N
MAYER PARRY (EAST...	00364122	31.12.2016	N
SMITH AND COMPANY...	00496831	31.12.2016	N
J.T. BROADHURST &...	00507041	31.12.2016	N
C D JORDAN & SON (...	00533750	31.12.2016	N
MEON VALLEY METALS...	00592563	31.12.2016	N
CLEVELAND METALS L...	00630903	31.12.2016	N
T.HOLLOWAY & SONS(...	00789117	31.12.2016	N
SCRAP PROCESSING (...	00977974	31.12.2016	N
EMR MIDLAND SHREDD...	01018817	31.12.2016	N
C.D. JORDAN & SON...	01041311	31.12.2016	N
T LETHBRIDGE LIMITED	01086344	31.12.2016	N
MAYER PARRY RECYCL...	01115211	31.12.2016	N
SHEPPARD GROUP LIM...	01396282	31.12.2016	N
SMITH AND COMPANY...	01410724	31.12.2016	N
SHEPPARDS WASTE RE...	01490038	31.12.2016	N
JORDANS (NEWHAVEN)...	01607188	31.12.2016	N
COOPERS HOLDINGS L...	01647343	31.12.2016	N
EMR SHIPPING LIMITED	01883741	31.12.2016	N
JACKSON DUNN LIMITED	01912355	31.12.2016	N
ROBINSON SHIPPING...	02386884	31.12.2016	N
MAYER PARRY RECYCL...	02506721	31.12.2016	N
ISLAND RECYCLING L...	03084827	31.12.2016	N
EMR EXPORTS LIMITED	03478486	31.12.2016	N
EVER 1052 LIMITED	03650781	31.12.2016	N
PREMIER GRANULES U...	06243338	31.12.2016	N
E.BARNES & CO.,LIM...	00771444	31.12.2016	N
COOPERS METALS (HO...	00518811	31.12.2016	N
HENDERSON KERR (SC...	SC093531	31.12.2016	N
ROBINSON GROUP LTD	00707119	31.12.2016	N
HENDERSON KERR LIMITED	SC029189	31.12.2016	N
MAYER ENVIRONMENTAL...	03398932	31.12.2016	N	£515,000
INVENENS LIMITED	09192949	31.12.2016	N
PRAEDIUS LTD.	09123547	31.12.2016	N
PRAEDIUS (UK) LIMITED	09176199	31.12.2016	N
PRAEDIUS UK (NO 1)...	09247662	31.12.2016	N	£9,286,000
PRAEDIUS UK (INDUS...	10240081	31.12.2016	N	£12,000
PRAEDIUS UK (DEVEL...	10240108	31.12.2016	N
PRAEDIUS UK (NO 2) L...	09751619	31.12.2016	N

Mortgage Details

Mortgage Type:
Date Charge Created:	28/03/17
Date Charge Registered:	10/04/17
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC CORPORATE TRUSTEE COMPANY (UK) LIMITED(AS SECURITY AGENT);
Amount Secured:
Details:	CONTAINS FIXED CHARGE.CONTAINS NEGATIVEPLEDGE.
Mortgage Type:
Date Charge Created:	28/03/17
Date Charge Registered:	10/04/17
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC CORPORATE TRUSTEE COMPANY (UK) LIMITED (AS SECURITY AGENT);
Amount Secured:
Details:	CONTAINS FIXED CHARGE.CONTAINS NEGATIVEPLEDGE.

Mortgage Type:
Date Charge Created:	28/03/17
Date Charge Registered:	07/04/17
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC CORPORATE TRUSTEE COMPANY (UK) LIMITED;
Amount Secured:
Details:	FIXED CHARGES OVER ALL LAND (INCLUDING THE LAND AND BUILDINGS ON THE NORTH SIDEOF REGINALD ROAD, SUTTON REGISTERED UNDER TITLE NUMBER MS100608) AND INTELLECTUAL PROPERTY OWNED BY THE COMPANY AT ANY TIME.CONTAINS FIXED CHARGE.CONTAINS FLOATING CHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.
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	7	£18,203
Company Name		Amount	Statement Date
Bosi Ltd		£10,287	17/06/2016
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
National Electrical Wholesale Ltd		£110	09/02/2017

Previous Director/Company Secretaries

Name	Current Active Appointments			Previous Appointments	Dissolved Companies
John Brian Roberts	0			10	9
Phillip Robert Sheppard	1			48	38
Malcolm Ian Cameron Wallace	0			6	9
Alan Michael Crowe	0			10	13
Peter John Callaghan	0			31	42
Michael John Cummins	0			3	0
Colin David Iles	1			45	42
Colin David Iles	1			45	42
David James Ingall	1			47	13
Nick Warren	0			13	7
Peter Thomas Armer	0			29	47
Charles Raueleigh Cooper Eddolls	1			5	13
Michael Blake Hughes	0			45	42
Nicholas Warren	0			20	22
Michael John Maher	25			45	44
LONDON LAW SERVICES LIMITED	3			12034	43111
LONDON LAW SECRETARIAL LIMITED	3			12067	43122
Total Persons With Significant Control		1	Total Statements			0
Active		1	Active			0
Ceased		0	Ceased			0

Active Persons With Significant Control

Name	Ausurus Group Ltd	Kind	Corporate Entity With Significant Control
Address	Sirius House Delta Crescent, Westbrook, Warrington, Cheshire	Notified On	06/04/2016
Post Code	WA5 7NS	Legal Form	Limited By Shares
Authority	United Kingdom (England And Wales)	Place Registered	Companies House
Country Registered	England And Wales	Registration Number	9123549
Nature Of Control	Ownership of shares - above 75%

Ceased Persons With Significant Control

No Ceased Persons With Significant Control To Display

Active Statements

No Active Statements To Display

Ceased Statements

No Ceased Statements To Display
Average Invoice Value	£2502.43
Invoices available	4202
Paid	4150
Outstanding	52

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	1692	2019	248	69	122
Outstanding	24	8	3	1	16

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 67.76
UK Pound	1	INR 89.95
Euro	1	INR 78.85
GBP	1	INR 90.30

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

INFORMATION DETAILS

Analysis Done by :	NIY

Report Prepared by :	DNS

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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.