Graydon UK Level 3-Comprehensive Credit Rating Report : Supplied on 20/01/2001 Reference : ja Company Identification Details Subject Reported on : A.Z.C.(UK) LIMITED Address : CHURCH ROAD, MAIDSTONE, KENT, ME20 6PG. Telephone : 01622 830 430 Facsimile : 01622 830 429       Creditline Recommendations Graydon Rating : 2A   GBP 20m-49m financial strength rating based on net   worth plus net current assets/liabilities       Monthly Credit Guide : GBP 400,000 Risk Category : LOW RISK Official Company Data Legal Form : Private Limited Registration Number : 98888888 VAT Number : GB238749129 Date of Incorporation : 31/03/1984 Registered Office : CHURCH ROAD, MAIDSTONE, KENT, ME20 6PG. History : 05/04/1984 Change of name from SHELFCO (5895)   LIMITED. Date of Last Annual   Return to Registry : 01/06/1999 Registered Objectives : TO CARRY ON BUSINESS AS GENERAL MERCHANTS Accounts : The last filed accounts at Companies House   are those to 31/05/1999 Registered Charges Details of the most recent documents Date Received Type Description 05/06/1997 M Mortgage document 24/11/1996 413A Issue of debentures 21/10/1996 410 Particulars of a charge 02/10/1996 416 Charge on a property There have been 4 registered charge documents filed at CRO since 1987 It should be noted that there is no legal requirement to file satisfaction details of mortgages/charges at Companies House. Known Directors Secretary : MR ROBERT SMITH Address : 4 HIGH STREET, DOVER, KENT, CT19 1ZZ. Country of Origin : UNITED KINGDOM Director : MR RAYMOND CORRIGAN Address : 215 PARADISE WAY, BASINGSTOKE, HANTS, RG20 1SD. Country of Origin : UNITED KINGDOM Other Directorships : AZC (EUROPE) LIMITED, AZC (INTERNATIONAL)   LIMITED. Director : MR JONATHAN GALBRAITH Address : FLAT 1, 66 PARK AVENUE, LONDON, W1A 8DF. Country of Origin : UNITED KINGDOM Director : MR GRAHAM JOHNSON Address : 98 COOPERS WAY, LEEDS, W. YORKS, LS2 2QW. Country of Origin : UNITED KINGDOM Director : MR STEPHEN COLLIER Address : 11 GAVEL ROAD, BASINGSTOKE, HANTS, RG19 1EE. Country of Origin : UNITED KINGDOM Director : MR CHRISTOPHER BRYANT Address : 2 HORSECROFT ROAD, BURNT OAK, EDGWARE, MIDDLESEX,   HA8 6PL. Country of Origin : UNITED KINGDOM Share Capital Shares : ORDINARY ONE POUND EACH Nominal Number : 3,000,000 Issued Number : 2,500,000 Capital : Return of allotments 11/11/1999 when 100 shares   were allotted. Shares : PREFERENCE FIFTY PENCE EACH Nominal Number : 1,000,000 Issued Number : 524,000 Capital : Return of allotments 11/11/1999 when 100 shares   were allotted. Principal Shareholder : 3,023,999 Shares A.Z.C.(HOLDINGS) LIMITED   1 Shares MR ROBERT SMITH & A.Z.C.(HOLDINGS)   LIMITED The above reflects the principal shareholder(s) by number of shares held, irrespective of share classification type. Holding Company : A.Z.C.(HOLDINGS) LIMITED Ultimate Parent : A.Z.C.INC. UNITED STATES Public Record Information Summary of CCJs/Scottish Decrees since January 1999 Number of CCJs/Decrees : 0       Total Amount of CCJs/Decrees : GBP 0       Details of most recent CCJs/Scottish Decrees Date Amount Type Case No Settled Court                   28/06/1996 843 C 69528   MAIDSTONE 20/04/1995 5,000 C 12345 02/10/1995 MAIDSTONE Payment Analysis Analysis indicates that the subject pays its suppliers on average between 50 and 59 days. To contribute sales ledger information to Graydon, please contact Specialist Product Division - mail@graydon.co.uk Operations Activities : THE MANUFACTURE AND SALE OF BUILDING MATERIALS,   PRIMARILY CEMENT, READY-MIXED CONCRETE AND   BRICKS.         At heading address since 1989.         Previously located at 22 HIGH STREET, MAIDSTONE,   KENT ME19 1AR.       Nace Code : 2653 (1992) Premises : Owned, Offices, Warehouse, Factory. Staff Employed : 489 Trading Divisions : AZC AGGREGATES. Trade Names : THE BUILDING SPECIALISTS. Product Names : BRIX-FILLA. Import countries : GERMANY. Export countries : ALL OVER THE WORLD. Branches : 12 FACTORIES THROUGHOUT THE UK INCLUDING   LIVERPOOL, BRISTOL, MANCHESTER, LEEDS, BIRMINGHAM   AND GLASGOW. Associated Companies : A.Z.C.BUILDING LIMITED   A.Z.C.ROOFING LIMITED   A.Z.C.SURVEYING LIMITED Subsidiaries : WAREHOUSE PACKAGING LIMITED Bankers : NATIONAL WESTMINSTER BANK PLC, P.O.BOX 4, 3 HIGH   STREET, MAIDSTONE, KENT, ME14 1XU. Bank Sort Code : 606008 Financial Data Profit & Loss Account consolidated The following figures are shown in 000's Number of weeks 52 52 52 52   31/05/1999 31/05/1998 31/05/1997 31/05/1996 Currency GBP GBP GBP GBP                SALES 21259 19764 18366 20255   UK sales 17848 16589 15896 17563   Export 3411 3175 2470 2692 Cost of goods sold 9123 8966 8036 10340 GROSS PROFIT 12136 10798 10330 9915 Wages and Salaries 8442 7736 7076 6289 Directors Emoluments 418 471 366 361 Auditors Fees 58 57 56 56 Trading Profit 3218 2534 2832 3209 Depreciation 994 879 901 1005 OPERATING PROFIT 2224 1655 1931 2204 Non Trading Income 118 172 236 282 Interest payable 85 7 40 132 PRE TAX PROFIT 2257 1820 2127 2354 Taxation 1085 554 742 848 PROFIT AFTER TAX 1172 1266 1385 1506 Dividends Payable 733 994 994 994 RETAINED PROFITS 439 272 391 512 Balance Sheet consolidated The following figures are shown in 000's Number of weeks 52 52 52 52   31/05/1999 31/05/1998 31/05/1997 31/05/1996 Currency GBP GBP GBP GBP                TOTAL FIXED ASSETS 8888 7521 6322 6390   Tangible Assets 8488 7476 6256 6390     Fixed Assets 8329 7317 6097 6218     Intermediate assets 159 159 159 172   Intangible Assets 400 45 66                  TOTAL CURRENT ASSETS 14249 13265 14664 14819   Trade debtors 4232 4641 3742 4232   Stocks 6231 5949 6049 5004   Other Current Assets 3786 2675 4873 5583     Misc. Current Assets 243 495 456 533     Cash 3543 2180 4417 5050                TOTAL ASSETS 23137 20786 20986 21209                TOTAL CURRENT LIABILITIES 5424 3698 3995 4317   Trade creditors 2985 1351 1310 945   Short Term Loans 189 151 26 1212     Bank Overdraft 85 60 20 895     Bank Loans 39 39 3 186     Other Finance 65 52 3 131   Other Liabilities 2250 2196 2659 2160                WORKING CAPITAL 8825 9567 10669 10502                TOTAL LONG TERM LIABS 286 355 536 247   Long Term Loans 226 255 398 52     Bank loans 199 199 228 38     Other Finance 27 56 170 14   Other Liabilities 60 100 138 195                NET ASSETS/(LIABILITIES) 17427 16733 16455 16645                SHARE CAPITAL & RESERVES           Share Cap. & Sundry Res. 6626 6626 6626 6626     Issued Share Capital 2762 2762 2762 2762     Sundry Reserves 3864 3864 3864 3864   Revaluation Reserves 1848 1593 1625 1657   Profit and Loss account 8953 8514 8204 8362                SHAREHOLDERS FUNDS 17427 16733 16455 16645                CAPITAL EMPLOYED 17713 17088 16991 16892 Financial Comparison The following Profit/Loss & Balance sheet figures are shown in 000's Number of weeks 52 52 52 52   31/05/1999 31/05/1998 31/05/1997 31/05/1996 Currency GBP GBP GBP GBP                Net Cashflow from Oper.   1649 3344 3887 Increase in Cash   2237- 633- 1122- Directors Remuneration 418 471 366 361 Auditors Remuneration 58 57 56 56 Liquid Assets 7775 6821 8159 9282 Net Working Capital 8825 9567 10669 10502 Long Term Debt(>12 Months) 226 255 398 52 Other Deferred Liabs 60 100 138 195 Tangible Net Worth(T.N.W) 17027 16688 16389 16645 Equity 17427 16733 16455 16645                               Number of Years Trading 15 14 13 12 Number of Employees 489 446 412 451 Profit per Employee 4615.5 4615.5 4615.5 4615.5 Sales per Employee 43474.4 43474.4 43474.4 43474.4 Key Credit Ratios   31/05/1999 31/05/1998 31/05/1997 31/05/1996                Current Ratio 2.6 2.6 2.6 2.6 Profit before Tax % 10.6 10.6 10.6 10.6 Gross Profit % 57.1 54.6 56.2 49.0 Debtors Days (D.S.O) 73 73 73 73 Creditors Days (D.P.O) 51 51 51 51 Quick Ratio 1.5 1.5 1.5 1.5 W.I.P/Inventory Days 249.3 249.3 249.3 249.3 Return on Investment % 13.1 13.1 13.1 13.1 Return on Assets % 9.8 9.8 9.8 9.8 Growth % 7.6 7.6 9.3-   T.N.W/Total Assets % 73.6 73.6 73.6 73.6 Return on Capital % 12.7 12.7 12.7 12.7 Rtn on Shareholders Funds% 13.0 13.0 13.0 13.0 Working Capital/Sales % 41.5 41.5 41.5 41.5 Borrowing Ratio % 2.4 2.4 2.4 2.4 Equity Gearing % 305.2 305.2 305.2 305.2 Stock Turnover 3.4 3.4 3.4 3.4 Days Purchases Outstanding 119.4 119.4 119.4 119.4 Key Industry Sector Trends Year 1999 1998 1997 1996 Sample Size 70 76 73 79                1) Pre-Tax Profit Margin 8.9 6.7 8.1 7.1                2) Current Ratio 1.5 1.3 1.4 1.2                3) Borrowing Ratio 76.6 157.9 79.8 44.2                4) Return on Capital 33.6 22.0 61.3 42.9                5) Creditors Days 26.0 106.0 34.0 35.0 Above figures relate to companies in 1992 Standard Industry Classification (Nace) sector : Manufacture of cement, lime and plaster Financial Summary Turnover Turnover has increased from GBP 19,764,000 to GBP   21,259,000, a growth of 8 % in the period. Operating Profit Totalled GBP 2,224,000. In the year prior a   Profit of GBP 1,655,000 was achieved. Pre-Tax Profit The subject's profit increased by 24 % in the   year. Working Capital The company's working capital remains positive   but reduced by 8 % in the period. Net Worth Net worth has increased by 4 % and now stands at   GBP 17,427,000. Fixed Assets The subject's fixed assets increased during the   year by GBP 1,367,000 to GBP 8,888,000 and are   now 38 % of total assets compared with 36 % in   the previous year. Long-Term Liabilities The company's long term liabilities reduced   during the period by 19 % and are now 2 % of net   worth compared with 2 % in the previous period.   Long term liabilities are now 1 % of total   liabilities compared with 2 % in the previous   period. *** End of report on A.Z.C.(UK) LIMITED ***