MIRA INFORM REPORT

Report No. :	507896
Report Date :	08.05.2018

IDENTIFICATION DETAILS

Name :	WEST PARK GRAPHIC EQUIPMENT LIMITED
Registered Office :	Unit 5, Blackburn Industrial Estate, Sherburn In Elmet, Leeds, Ls25 6nf
Country :	United Kingdom
Financials (as on) :	31.03.2017
Date of Incorporation :	14.02.1984
Com. Reg. No.:	01791356
Legal Form :	Private limited with Share Capital
Line of Business :	· Installation of industrial machinery and equipment · Sale of used printing machines.
No. of Employees :	8

RATING & COMMENTS

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

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Good
Payment Behaviour :	Regular
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 (30.09.2017)	Current Rating (31.12.2017)
United Kingdom	A1	A1

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: WEST PARK GRAPHIC EQUIPMENT LIMITED

Company No: 01791356

Company Status: Active - Accounts Filed

Status Active

Registered Address: UNIT 5 BLACKBURN INDUSTRIAL ESTATE SHERBURN IN ELMET, LEEDS LS25 6NF

Company Name

WEST PARK GRAPHIC EQUIPMENT LIMITED

Company Number

01791356

Company Summary

Registered Address UNIT 5
BLACKBURN INDUSTRIAL ESTATE
SHERBURN IN ELMET, LEEDS
LS25 6NF

Trading Address Unit 5
Blackburn Industrial Estate
Enterprise Way, Sherburn In Elmet
Leeds, West Yorkshire
LS25 6NF

Website Address http://www.westparkgraphic.com

Telephone Number 01977681125

Fax Number

TPS No

FPS Yes

Incorporation Date 14/02/1984

Previous Name

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 29/11/2017

Currency GBP

Share Capital £160

SIC07 33200

Charity Number -

SIC07 Description INSTALLATION OF INDUSTRIAL MACHINERY AND EQUIPMENT

Principal Activity Sale of used printing machines.

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company -

Accountant GARBUTT & ELLIOTT AUDIT LIMITED

Mortgages 4

Group 0 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

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

31/03/2017 - - £862,922 8

31/03/2016 - - £782,044 8

31/03/2015 - - £705,027 -

Mortgage Summary

Total Mortgage 4

Outstanding 2

Satisfied 2

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 0

Total Value of Documented Trade £0

Commentary

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	3	Total Person's With Significant Control	1

Current Directors

Title	Mr	Function	Director
Name	Gregory Colin Handley	Nationality	British
Date of Birth	06/1960	Present Appointments	2
Latest Address	Unit 5 Blackburn Industrial Estate, Enterprise Way, Sherburn In Elmet, Leeds, North Yorkshire	Appointment Date	21/12/1992
Post Code	LS25 6NF
Title	Mr	Function	Director
Name	Phillip Richard Handley	Nationality	British
Date of Birth	11/1968	Present Appointments	2
Latest Address	Unit 5 Blackburn Industrial Estate, Enterprise Way, Sherburn In Elmet, Leeds, North Yorkshire	Appointment Date	21/12/1992
Post Code	LS25 6NF

Current Company Secretary

Title	Mrs	Function	Company Secretary
Name	Julia Handley	Nationality	Dutch
Date of Birth	05/1972	Present Appointments	3
Latest Address	Unit 5 Blackburn Industrial Estate, Enterprise Way, Sherburn In Elmet, Leeds, North Yorkshire	Appointment Date	01/04/2004
Post Code	LS25 6NF

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
PHIL HANDLEY	GBP	60	ORDINARY A	1	37.5
GREG HANDLEY	GBP	60	ORDINARY A	1	37.5
IVY HANDLEY	GBP	20	B NON VOTING	1	12.5
LISA JAYNE HANDLEY	GBP	10	C NON VOTING	1	6.25
JULIA HANDLEY	GBP	10	C NON VOTING	1	6.25

Financials

Profit & Loss

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Weeks	52	(%)	52	(%)	52	(%)	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	£14,899	3.1%	£14,455	61.6%	£8,947	-9.3%	£9,862	-3.5%	£10,218
	Audit Fees	-	-	-	-	-	-	-	-	-
	Interest Payments	-	-	-	-	-	-	-	-	-
	Pre Tax Profit	-	-	-	-	-	-	-	-	-
	Taxation	-	-	-	-	-	-	-	-	-
	Profit After Tax	-	-	-	-	-	-	-	-	-
	Dividends Payable	-	-	-	-	-	-	-	-	-
	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Tangible Assets	£56,679	49.3%	£37,973	12.6%	£33,736	-10.5%	£37,675	-8.6%	£41,223
	Intangible Assets	0	-	0	-	0	-	0	-	0
	Total Fixed Assets	£56,679	49.3%	£37,973	12.6%	£33,736	-10.5%	£37,675	-8.6%	£41,223
	Stock	£1,089,365	70.3%	£639,750	19.7%	£534,321	-24.7%	£709,500	-12.8%	£813,750
	Trade Debtors	£525,913	-51%	£1,074,358	23.3%	£871,645	0.6%	£866,641	-32.4%	£1,282,934
	Cash	£737,380	53%	£482,048	-44.7%	£871,446	229.8%	£264,263	384.7%	£54,521
	Other Debtors	£131,874	-26%	£178,276	-	0	-	0	-	0
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£2,484,532	4.6%	£2,374,432	4.3%	£2,277,412	23.7%	£1,840,404	-14.4%	£2,151,205
	Trade Creditors	£761,327	67.9%	£453,419	-71.8%	£1,606,121	32.5%	£1,212,595	-22.2%	£1,557,843
	Bank Loans & Overdrafts	£396,100	-9.8%	£439,308	-	0	-	0	-	0
	Other Short Term Finance	0	-	0	-	0	-	0	-	0
	Miscellaneous Current Liabilities	£332,468	-32.2%	£490,577	-	0	-	0	-	0
	Total Current Liabilities	£1,489,895	7.7%	£1,383,304	-13.9%	£1,606,121	32.5%	£1,212,595	-22.2%	£1,557,843
	Bank Loans & Overdrafts and LTL	£584,494	-14.8%	£686,365	-	0	-	0	-	0
	Other Long Term Finance	0	-	0	-	0	-	0	-	0
	Total Long Term Liabilities	£188,394	-23.7%	£247,057	-	0	-	0	-	0

.

Capital & Reserves

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Called Up Share Capital	£160	-	£160	-	£160	-	£160	-	£160
	P & L Account Reserve	£862,762	10.3%	£781,884	10.9%	£704,867	5.9%	£665,324	4.9%	£634,425
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	-	-	-	-	-	-	-	-	-
	Shareholder Funds	£862,922	10.3%	£782,044	10.9%	£705,027	5.9%	£665,484	4.9%	£634,585

Other Financial Items

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Net Worth	£862,922	10.3%	£782,044	10.9%	£705,027	5.9%	£665,484	4.9%	£634,585
	Working Capital	£994,637	0.4%	£991,128	47.6%	£671,291	6.9%	£627,809	5.8%	£593,362
	Total Assets	£2,541,211	5.3%	£2,412,405	4.4%	£2,311,148	23.1%	£1,878,079	-14.3%	£2,192,428
	Total Liabilities	£1,678,289	2.9%	£1,630,361	1.5%	£1,606,121	32.5%	£1,212,595	-22.2%	£1,557,843
	Net Assets	£862,922	10.3%	£782,044	10.9%	£705,027	5.9%	£665,484	4.9%	£634,585

Cash Flow

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
	Capital Employed	£1,051,316	2.2%	£1,029,101	46%	£705,027	5.9%	£665,484	4.9%	£634,585
	Number of Employees	8	-	8	-	-	-	-	-	-
	Accountants	GARBUTT & ELLIOTT AUDIT LIMITED
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers	NATIONWIDE BUILDING SOCIETY
	Bank Branch Code

Ratios

	Date Of Accounts	31/03/17	31/03/16	31/03/15	31/03/14	31/03/13
	Pre-tax profit margin %	-	-	-	-	-
	Current ratio	1.67	1.72	1.42	1.52	1.38
	Sales/Net Working Capital	-	-	-	-	-
	Gearing %	67.70	87.80	0	0	0
	Equity in %	34	32.40	30.50	35.40	28.90
	Creditor Days	-	-	-	-	-
	Debtor Days	-	-	-	-	-
	Liquidity/Acid Test	0.93	1.25	1.08	0.93	0.85
	Return On Capital Employed %	-	-	-	-	-
	Return On Total Assets Employed %	-	-	-	-	-
	Current Debt Ratio	1.72	1.76	2.27	1.82	2.45
	Total Debt Ratio	1.94	2.08	2.27	1.82	2.45
	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
05/02/2018	Confirmation Statement
08/12/2017	New Accounts Filed
08/12/2017	New Accounts Filed
18/02/2017	Annual Returns
10/01/2017	New Accounts Filed
09/02/2016	Annual Returns
26/10/2015	New Accounts Filed
30/01/2015	Annual Returns
28/01/2015	Mrs I.J. Handley has left the board
03/01/2015	New Accounts Filed
10/03/2014	Annual Returns
01/10/2013	New Accounts Filed
29/01/2013	Annual Returns
12/01/2013	New Accounts Filed
18/01/2012	Annual Returns

Previous Company Names

No Previous Names found

Writ Details

No writs found

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group Structure

No Group Structure

Statistics

Group	0 companies
Linkages	0 companies
Countries	In 0 countries

Mortgage Details

Mortgage Type:
Date Charge Created:	04/07/14
Date Charge Registered:	04/07/14
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC BANK PLC;
Amount Secured:
Details:	A GENERAL PLEDGECONTAINS FIXED CHARGE.CONTAINS NEGATIVE PLEDGE.
Mortgage Type:
Date Charge Created:	04/07/14
Date Charge Registered:	04/07/14
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC BANK PLC;
Amount Secured:
Details:	A FIXED AND FLOATING CHARGE OVER ALL ASSETSCONTAINS FIXED CHARGE.CONTAINS FLOATING CHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.

Mortgage Type:
Date Charge Created:	04/11/13
Date Charge Registered:	08/11/13
Date Charge Satisfied:	08/01/15
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC;
Amount Secured:
Details:	CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE.
Mortgage Type:	DEBENTURE
Date Charge Created:	12/11/08
Date Charge Registered:	14/11/08
Date Charge Satisfied:	25/06/14
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC;
Amount Secured:
Details:	FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL UNCALLED CAPITAL BUILDINGS FIXTURES PLANT ANDMACHINERY SEE IMAGE FOR FULL DETAILS

Previous Director/Company Secretaries

Name	Current Active Appointments		Previous Appointments	Dissolved Companies
Colin Handley	0		1	2
Ivy Jean Handley	0		2	0
Ivy Jean Handley	0		2	0
Total Persons With Significant Control		1	Total Statements		0
Active		1	Active		0
Ceased		0	Ceased		0

Active Persons With Significant Control

Name	Mr Gregory Colin Handley	Kind	Individual Person With Significant Control
Address	Unit 5 Blackburn Industrial Estate, Enterprise Way, Sherburn In Elmet, Leeds, North Yorkshire	Country Of Residence	England
Post Code	LS25 6NF	Nationality	British
Date of Birth	06/1960	Notified On	06/04/2016
Nature Of Control	Ownership of shares - between 50% and 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

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 67.11
UK Pound	1	INR 90.85
Euro	1	INR 80.12
GBP	1	INR 90.69

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

INFORMATION DETAILS

Analysis Done by :	VIV
Report Prepared by :	SYL

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.