European Business Information Report: D & B Sample Co Ltd

The following is the report you requested. This report will remain on file for 5 days. You can set a bookmark to this page if you wish to view it again during that time.
       COPYRIGHT 1999 DUN & BRADSTREET INC. - PROVIDED UNDER CONTRACT
                FOR THE EXCLUSIVE USE OF SUBSCRIBER 034-004303L.

                     ATTN: vm
 IN DATE

 D&B EUROPEAN REPORT
 DATE PRINTED 10 SEP 1999

    IDENTIFICATION

    D & B SAMPLE CO LTD

    ADDRESS:                 11TH FLOOR, CENTRE CITY TOWER
                             7 HILL ST
                             BIRMINGHAM
                             WEST MIDLANDS
                             B5 4UN
                             UK

    TEL:                     0121-631-2323
    FAX:                     0121-631-3268
    REGISTERED OFFICE:       11th Floor, Centre City Tower, 7 Hill St,
                             Birmingham B5 4UN

    DUNS:                    21-456-7885


    CURRENCY: Shown in Pounds Sterling, unless otherwise stated.



    LANGUAGE: In certain circumstances information in this report may be quoted
    in the local language.  In case of difficulty, please contact your D&B
    local Customer Service Department.

    EVALUATION

             D&B RATING:                         2A3
             CONDITION:                          FAIR
             MAXIMUM CREDIT:                     120,000
             TREND:                              EVEN
             ACCOUNTS INCORPORATED IN REPORT:    31-03-1998
             LATEST ACCOUNTS PUBLICLY FILED:     31-03-1998


    The D&B Rating of 2A3 indicates:
         A Financial Strength of 1.5 - 7 million (based on tangible Net Worth)
         and an overall condition which is Fair (slightly greater than average
         risk).

    The D&B 'maximum credit recommendation' for this business is 120,000.

    SUMMARY


    STARTED:         1984                 SALES:                    13,545,000
    DATE INC:        1984                 As at 31-03-1998
    LEGAL FORM:      PRIV LTD CO          PROFIT/(LOSS):               114,120
    REG NO:          434567               NET WORTH:                 2,978,191
    EMPLOYS:         203                  As at 31-03-1998
    ISSUED CAPITAL:  432,000

    LINE OF BUSINESS:        COMMERCIAL MACHINERY WHOLESALERS
                             COMPUTER PROGRAMMING & SOFTWARE SERVICES

    SIC CODE(S):             5081     7372

    PUBLIC NOTICE INFORMATION

    Public Notice information is added to the D&B Database and, if present,
    will appear in this section.  This section was last updated from public
    sources on 10 SEPTEMBER 1999.


    COUNTY COURT JUDGMENTS

    Judgments Registered During The Last 12 Months:       0








    DETAILS OF JUDGMENT(S) REGISTERED (LAST 5 YEARS)

    Date:    Name Quoted:            Amount:  Court:            Plaint. No:
    11-1996  D & B SAMPLE CO LTD       6,764  DARLINGTON           DL555666
    10-1996  D & B SAMPLE CO LTD         426  SALFORD              SF400031


    SCOTTISH DECREES

    Decrees Registered During The Last 12 Months:         0


    MORTGAGES & CHARGES

    Total Mortgages & Charges Registered:                 5


    DETAILS OF MORTGAGES AND CHARGES REGISTERED

    Date:    Co. Number:     Particulars:
     3-1997  434567          A DUMMY MORTGAGE CREATED 20.03.97/MIDLAND DUMMY
                             BANK PLC.
     3-1997  434567          A DUMMY MORTGAGE CREATED 20.03.97 TO MIDLAND
                             DUMMY BANK PLC.
     5-1992  434567          DEBENTURE CREATED 01.05.92/D. & B. SAMPLE HOLDING
                             CO/ALL MONEYS/GENERAL CHARGE.
       1993                  A DEBENTURE TO NATIONAL WESTMINSTER BANK PLC
       1992                  A MORTGAGE TO BARCLAYS BANK PLC


    DETAILS OF MORTGAGES AND CHARGES SATISFIED

    Date:    Co. Number:     Particulars:
     3-1998  434567          20.3.97

    All Public Notice information has been obtained in good faith from the
    appropriate public sources.

    SPECIAL EVENTS

    Critical legal notice information filed is investigated by D&B Analysts,
    and where relevant, comment is presented in this section.

    BANKERS

    Barclays Bank PLC, P O Box 65, 56 New St, Birmingham West Midlands B2 4EF.
    BANK SORT CODE: (20-07-71).

    National Westminster Bank PLC, 25 High St, Colchester Essex CO1 1DG. BANK
    SORT CODE: (60-06-06).


    PRINCIPALS


    Name:            Mr Jonathan McCready, Chairman
    Born:            22-06-1936
    Address:         Craven Cottage, New Denson Rd, Willenhall, West Midlands
                     WV23 2XB UK
    DIRECTORSHIPS:   D & B SAMPLE SUBSIDIARY CO LTD (23-080-9378), D & B
    (Current)        SAMPLE HOLDING CO LTD (23-308-3567),

    Name:            Mrs Joan Beatrix Culloden, Managing Director
    Born:            01-09-1961
    Address:         16B Lundy Ho, Evergreen La, St. Johns, Edinburgh EH11 1FH
                     UK
    DIRECTORSHIPS:   D & B SAMPLE SUBSIDIARY CO LTD (23-080-9378), D & B
    (Current)        SAMPLE HOLDING CO LTD (23-308-3567),

    Name:            Mr Paul Shelley, Financial Director
    Born:            16-09-1962
    Address:         116a Upper High St, Long Meadow Bank, Edgbaston,
                     Birmingham B62 9PL UK
    DIRECTORSHIPS:   D & B SAMPLE SUBSIDIARY CO LTD (23-080-9378), D & B
    (Current)        SAMPLE HOLDING CO LTD (23-308-3567),




    Name:            Mr Guy Jacques-Pierot, Sales Director
    Born:            01-11-1967
    Address:         11 Rue De Poulenc, Boulon-Devion, Paris 75006 FR
    DIRECTORSHIPS:   D & B SAMPLE SUBSIDIARY CO LTD (23-080-9378), D & B
    (Current)        SAMPLE HOLDING CO LTD (23-308-3567),

    Name:            Mr Paul Vert, Marketing Director
    Profession:      Director
    Born:            24-02-1965
    Nationality:     French
    DIRECTORSHIPS:   No other recorded directorships.

    Name:            Mr Klaus Preston, Personnel Director
    Born:            16-02-1956
    Address:         'Johnstone Step', Blackheath Way, Coventry Rd, Sheffield,
                     South Yorkshire S16 9LL UK
    DIRECTORSHIPS:   D & B SAMPLE SUBSIDIARY CO LTD (23-080-9378), D & B
    (Current)        SAMPLE HOLDING CO LTD (23-308-3567),

    Name:            Miss Julie Whittaker, Director, Company Secretary
    Born:            02-08-1967
    Address:         20 Hurford Rd, Leeds, West Yorkshire LS11 9PS
    DIRECTORSHIPS:   D & B SAMPLE SUBSIDIARY CO LTD (23-080-9378), D & B
    (Current)        SAMPLE HOLDING CO LTD (23-308-3567),

    Name:            Mr Marcus Voodarini, Non-Executive Director
    Born:            22-05-1971
    Address:         11th Floor, Centre City Tower, 7 Hill St, Birmingham B5
                     4UN UK
    DIRECTORSHIPS:   D & B SAMPLE SUBSIDIARY CO LTD (23-080-9378), D & B
    (Current)        SAMPLE HOLDING CO LTD (23-308-3567),

    There is one additional principal recorded at Companies House.

    PAYMENT HABITS


    INDUSTRY COMPARISON - THIS QUARTER ONLY
    Based on the 11395 firms in SIC code 5081 where D&B has payment
    experiences.

         UPPER SEGMENT (Top 25%)                         SCORE = 80
             Pays Within Terms

         MEDIAN SEGMENT (Middle 50%)                     SCORE = 73
             Pays 11 day(s) Beyond Terms

         LOWER SEGMENT (Bottom 25%)                      SCORE = 64
             Pays 19 day(s) Beyond Terms

    PAYMENTS: PROMPT

    FINANCIAL COMPARISONS

                                      Fiscal           Fiscal           Fiscal
                                       Group            Group            Group
                                  31-03-1996       31-03-1997       31-03-1998

 Net Sales                       13,122,000       13,226,149       13,545,000
 Exports                          4,902,000        4,070,165           24,975
 Pre-Tax Profit (Loss)            2,710,000          218,422          114,120
 Net worth                        3,375,000        2,508,400        2,978,191
 Total Fixed Assets               4,249,000        1,726,358        1,692,710
 Total Assets                    10,810,000        5,875,737        5,779,707
 Current Assets                   5,561,000        4,149,379        4,086,997
 Current Liabilities              4,440,000        2,817,498        2,627,009
 Working Capital                  1,121,000        1,331,881        1,459,988
 Long Term Debt                   2,995,000          160,839          174,507
 Employees                              476              203               50











    KEY PERFORMANCE RATIOS

                                  31-03-1996       31-03-1997       31-03-1998

 PROFITABILITY
 Profit Margin (%)                      20.7              1.7              0.8

 FINANCIAL STATUS
 Acid Test (X)                           0.6              0.2              0.3
 Current Ratio (X)                       1.3              1.5              1.6
 Solvency Ratio (%)                    220.3            118.7             94.1
 Fixed Assets/Net Worth (%)            125.9             68.8             56.8

 ASSET UTILITY
 Collection Period (Days)               70.8              6.4             14.7

    FINANCIAL STATEMENT


                                                 Consolidated
 Closing date                                      31-03-1998

 ASSETS

 Land & Buildings                                    720,365
 Fixtures & Equipment                                972,345

 Tot. Net Stocks & WIP                             2,597,845
 Accounts Receivable                                 546,879
 Prepaid Expenses                                    475,281
 Other Receivables                                    15,649
 Cash                                                350,659
 Taxation Recoverable                                100,497
 Other Current Assets                                    187

 Total Current Assets                              4,086,997

 TOTAL ASSETS                                      5,779,707
                       --------------------------------------------------------

 LIABILITIES

 Issued Capital                                      529,743
 Reserves                                            175,000
 Retained Earnings                                 2,273,448
 Lease pay. after 1 yr                               160,258
 Other Long-term Liabs                                14,249

 Accruals/Deferred Inc                               474,653
 Bank Loans/Overdrafts                               500,150
 Loans from Principals                                 3,500
 Tax & Social Security                             1,506,230
 Lease pay. in 1 year                                121,726
 Other Current Liabs.                                 20,750

 Total Current Liabs.                              2,627,009

 TOTAL LIABILITIES                                 5,779,707
                       --------------------------------------------------------
 Closing date                                      31-03-1998
 PROFIT AND LOSS ACCOUNT

 Net Sales                                        13,545,000

 Cost of Sales                                     7,841,801

 Gross Profit                                      5,703,199

 Advert. & Commercial Exp.                           361,495
 General Expenses                                  5,219,893
 Net Operating Income                                121,811


 Total Financial Income                                    0

 Interest Payable                                      7,691

 Total Financial Expenses                              7,691

 Profit Before Tax                                   114,120

 Net Taxation                                        130,000
 Other Tax                                                 0
 Profit After Tax                                    (15,880)


 Net Loss                                             15,880

 Exports                                              24,975


 Retained Earnings at Start                        2,289,328
 Net Loss                                             15,880
 Dividends                                                 0
 Retained Earnings at End                          2,273,448

    Payroll                                        3,752,649
    Depreciation                                     427,953

 Directors' Remuneration                             115,022

 Number of Employees                                      50

    Statement obtained from Companies House.

    Contingent debt: none indicated.
    Debtors shown as a net value, less undisclosed allowance for doubtful
    debts.
    Fixed assets shown as a net value, less undisclosed accumulated
    depreciation.
    Long term debt/Liabilities: Other
    Small and exempt from the requirement to file audited accounts, criteria
    for which include a turnover of less than 90,000, HP after one year
    consists of:Finance Lease Due After 1 Year
    Other Current Assets consist of: Other 187
    Other Current Liabs. consist of: Other 20750

    SECURED CHARGES

    Registered 1992 a mortgage to Barclays Bank PLC.
    Registered 1993 a debenture to National Westminster Bank PLC.

    CORPORATE STRUCTURE

    SUBSIDIARIES

    Subject has one subsidiary.

    D & B Sample Subsidiary Co Ltd, Birmingham, U K, DUNS: 23-080-9378,
    ownership: 100%

    It should be noted that the Accounting Reference Date is 31-03.

    BRANCHES

    Number of branches or divisions: 1

    5th Floor, Westminster Ho Manchester, branch

    PARENT COMPANY

             IMMEDIATE PARENT

             NAME:           D & B SAMPLE HOLDING CO LTD
             TOWN:           BIRMINGHAM
             COUNTRY:        UK
             D-U-N-S NUMBER: 23-308-3567
             OWNERSHIP:      99%

    HISTORY/OPERATIONS

    HISTORY
    Business started 1984
    Private limited company registered 01-11-1984

    Subject was accredited with BSI 5750 in November 1996




    OPERATIONS

    SIC CODE(S):   5081     7372

    COMMERCIAL MACHINERY WHOLESALERS
    COMPUTER PROGRAMMING & SOFTWARE SERVICES

    Laptop personal computers, computer hardware and accessories distributors
    (60%) and software developers (40%).

    Sells to: Blue chip companies and Government departments
    Terms are: Net 30 days (U K) & letter of credit (overseas)
    Number of accounts: 400.

    Non-seasonal business.
    Exports:            30% of sales to U S A; Germany
    EMPLOYEES:          203

    Premises:           Owns offices, factory, warehouses, at the heading
                        address covering 20,000 sq. ft.

    REGISTERED OFFICE: 11th Floor, Centre City Tower, 7 Hill St, Birmingham B5
    4UN

    Copyright (c) 1999 Dun & Bradstreet.   All Rights Reserved.    This report
    is provided for your internal business use only and may not be reproduced
    or re-distributed in any manner whether mechanical or electronic without
    the permission of D&B.

    Disclaimer: Whilst D&B attempts to ensure that the Information provided is
    accurate and complete, by reason of the immense quantity of detailed matter
    dealt with in compiling the Information and the fact that the data are
    supplied from sources not controlled by D&B which cannot always be
    verified, as well as the possibility of negligence or mistake, D&B does not
    guarantee the correctness or the effective delivery of the Information and
    will not be held responsible for any errors therein or omissions therefrom.



                          FOREIGN EBR DISPLAY COMPLETE

European Business Information Report: D & B Sample Co Ltd

The following is the report you requested. This report will remain on file for 5 days. You can set a bookmark to this page if you wish to view it again during that time.
       COPYRIGHT 1999 DUN & BRADSTREET INC. - PROVIDED UNDER CONTRACT
                FOR THE EXCLUSIVE USE OF SUBSCRIBER 034-004303L.

                     ATTN: vm
 IN DATE

 D&B EUROPEAN REPORT
 DATE PRINTED 10 SEP 1999

    IDENTIFICATION

    D & B SAMPLE CO LTD

    ADDRESS:                 11TH FLOOR, CENTRE CITY TOWER
                             7 HILL ST
                             BIRMINGHAM
                             WEST MIDLANDS
                             B5 4UN
                             UK

    TEL:                     0121-631-2323
    FAX:                     0121-631-3268
    REGISTERED OFFICE:       11th Floor, Centre City Tower, 7 Hill St,
                             Birmingham B5 4UN

    DUNS:                    21-456-7885


    CURRENCY: Shown in Pounds Sterling, unless otherwise stated.



    LANGUAGE: In certain circumstances information in this report may be quoted
    in the local language.  In case of difficulty, please contact your D&B
    local Customer Service Department.

    EVALUATION

             D&B RATING:                         2A3
             CONDITION:                          FAIR
             MAXIMUM CREDIT:                     120,000
             TREND:                              EVEN
             ACCOUNTS INCORPORATED IN REPORT:    31-03-1998
             LATEST ACCOUNTS PUBLICLY FILED:     31-03-1998


    The D&B Rating of 2A3 indicates:
         A Financial Strength of 1.5 - 7 million (based on tangible Net Worth)
         and an overall condition which is Fair (slightly greater than average
         risk).

    The D&B 'maximum credit recommendation' for this business is 120,000.

    SUMMARY


    STARTED:         1984                 SALES:                    13,545,000
    DATE INC:        1984                 As at 31-03-1998
    LEGAL FORM:      PRIV LTD CO          PROFIT/(LOSS):               114,120
    REG NO:          434567               NET WORTH:                 2,978,191
    EMPLOYS:         203                  As at 31-03-1998
    ISSUED CAPITAL:  432,000

    LINE OF BUSINESS:        COMMERCIAL MACHINERY WHOLESALERS
                             COMPUTER PROGRAMMING & SOFTWARE SERVICES

    SIC CODE(S):             5081     7372

    PUBLIC NOTICE INFORMATION

    Public Notice information is added to the D&B Database and, if present,
    will appear in this section.  This section was last updated from public
    sources on 10 SEPTEMBER 1999.


    COUNTY COURT JUDGMENTS

    Judgments Registered During The Last 12 Months:       0








    DETAILS OF JUDGMENT(S) REGISTERED (LAST 5 YEARS)

    Date:    Name Quoted:            Amount:  Court:            Plaint. No:
    11-1996  D & B SAMPLE CO LTD       6,764  DARLINGTON           DL555666
    10-1996  D & B SAMPLE CO LTD         426  SALFORD              SF400031


    SCOTTISH DECREES

    Decrees Registered During The Last 12 Months:         0


    MORTGAGES & CHARGES

    Total Mortgages & Charges Registered:                 5


    DETAILS OF MORTGAGES AND CHARGES REGISTERED

    Date:    Co. Number:     Particulars:
     3-1997  434567          A DUMMY MORTGAGE CREATED 20.03.97/MIDLAND DUMMY
                             BANK PLC.
     3-1997  434567          A DUMMY MORTGAGE CREATED 20.03.97 TO MIDLAND
                             DUMMY BANK PLC.
     5-1992  434567          DEBENTURE CREATED 01.05.92/D. & B. SAMPLE HOLDING
                             CO/ALL MONEYS/GENERAL CHARGE.
       1993                  A DEBENTURE TO NATIONAL WESTMINSTER BANK PLC
       1992                  A MORTGAGE TO BARCLAYS BANK PLC


    DETAILS OF MORTGAGES AND CHARGES SATISFIED

    Date:    Co. Number:     Particulars:
     3-1998  434567          20.3.97

    All Public Notice information has been obtained in good faith from the
    appropriate public sources.

    SPECIAL EVENTS

    Critical legal notice information filed is investigated by D&B Analysts,
    and where relevant, comment is presented in this section.

    BANKERS

    Barclays Bank PLC, P O Box 65, 56 New St, Birmingham West Midlands B2 4EF.
    BANK SORT CODE: (20-07-71).

    National Westminster Bank PLC, 25 High St, Colchester Essex CO1 1DG. BANK
    SORT CODE: (60-06-06).


    PRINCIPALS


    Name:            Mr Jonathan McCready, Chairman
    Born:            22-06-1936
    Address:         Craven Cottage, New Denson Rd, Willenhall, West Midlands
                     WV23 2XB UK
    DIRECTORSHIPS:   D & B SAMPLE SUBSIDIARY CO LTD (23-080-9378), D & B
    (Current)        SAMPLE HOLDING CO LTD (23-308-3567),

    Name:            Mrs Joan Beatrix Culloden, Managing Director
    Born:            01-09-1961
    Address:         16B Lundy Ho, Evergreen La, St. Johns, Edinburgh EH11 1FH
                     UK
    DIRECTORSHIPS:   D & B SAMPLE SUBSIDIARY CO LTD (23-080-9378), D & B
    (Current)        SAMPLE HOLDING CO LTD (23-308-3567),

    Name:            Mr Paul Shelley, Financial Director
    Born:            16-09-1962
    Address:         116a Upper High St, Long Meadow Bank, Edgbaston,
                     Birmingham B62 9PL UK
    DIRECTORSHIPS:   D & B SAMPLE SUBSIDIARY CO LTD (23-080-9378), D & B
    (Current)        SAMPLE HOLDING CO LTD (23-308-3567),




    Name:            Mr Guy Jacques-Pierot, Sales Director
    Born:            01-11-1967
    Address:         11 Rue De Poulenc, Boulon-Devion, Paris 75006 FR
    DIRECTORSHIPS:   D & B SAMPLE SUBSIDIARY CO LTD (23-080-9378), D & B
    (Current)        SAMPLE HOLDING CO LTD (23-308-3567),

    Name:            Mr Paul Vert, Marketing Director
    Profession:      Director
    Born:            24-02-1965
    Nationality:     French
    DIRECTORSHIPS:   No other recorded directorships.

    Name:            Mr Klaus Preston, Personnel Director
    Born:            16-02-1956
    Address:         'Johnstone Step', Blackheath Way, Coventry Rd, Sheffield,
                     South Yorkshire S16 9LL UK
    DIRECTORSHIPS:   D & B SAMPLE SUBSIDIARY CO LTD (23-080-9378), D & B
    (Current)        SAMPLE HOLDING CO LTD (23-308-3567),

    Name:            Miss Julie Whittaker, Director, Company Secretary
    Born:            02-08-1967
    Address:         20 Hurford Rd, Leeds, West Yorkshire LS11 9PS
    DIRECTORSHIPS:   D & B SAMPLE SUBSIDIARY CO LTD (23-080-9378), D & B
    (Current)        SAMPLE HOLDING CO LTD (23-308-3567),

    Name:            Mr Marcus Voodarini, Non-Executive Director
    Born:            22-05-1971
    Address:         11th Floor, Centre City Tower, 7 Hill St, Birmingham B5
                     4UN UK
    DIRECTORSHIPS:   D & B SAMPLE SUBSIDIARY CO LTD (23-080-9378), D & B
    (Current)        SAMPLE HOLDING CO LTD (23-308-3567),

    There is one additional principal recorded at Companies House.

    PAYMENT HABITS


    INDUSTRY COMPARISON - THIS QUARTER ONLY
    Based on the 11395 firms in SIC code 5081 where D&B has payment
    experiences.

         UPPER SEGMENT (Top 25%)                         SCORE = 80
             Pays Within Terms

         MEDIAN SEGMENT (Middle 50%)                     SCORE = 73
             Pays 11 day(s) Beyond Terms

         LOWER SEGMENT (Bottom 25%)                      SCORE = 64
             Pays 19 day(s) Beyond Terms

    PAYMENTS: PROMPT

    FINANCIAL COMPARISONS

                                      Fiscal           Fiscal           Fiscal
                                       Group            Group            Group
                                  31-03-1996       31-03-1997       31-03-1998

 Net Sales                       13,122,000       13,226,149       13,545,000
 Exports                          4,902,000        4,070,165           24,975
 Pre-Tax Profit (Loss)            2,710,000          218,422          114,120
 Net worth                        3,375,000        2,508,400        2,978,191
 Total Fixed Assets               4,249,000        1,726,358        1,692,710
 Total Assets                    10,810,000        5,875,737        5,779,707
 Current Assets                   5,561,000        4,149,379        4,086,997
 Current Liabilities              4,440,000        2,817,498        2,627,009
 Working Capital                  1,121,000        1,331,881        1,459,988
 Long Term Debt                   2,995,000          160,839          174,507
 Employees                              476              203               50











    KEY PERFORMANCE RATIOS

                                  31-03-1996       31-03-1997       31-03-1998

 PROFITABILITY
 Profit Margin (%)                      20.7              1.7              0.8

 FINANCIAL STATUS
 Acid Test (X)                           0.6              0.2              0.3
 Current Ratio (X)                       1.3              1.5              1.6
 Solvency Ratio (%)                    220.3            118.7             94.1
 Fixed Assets/Net Worth (%)            125.9             68.8             56.8

 ASSET UTILITY
 Collection Period (Days)               70.8              6.4             14.7

    FINANCIAL STATEMENT


                                                 Consolidated
 Closing date                                      31-03-1998

 ASSETS

 Land & Buildings                                    720,365
 Fixtures & Equipment                                972,345

 Tot. Net Stocks & WIP                             2,597,845
 Accounts Receivable                                 546,879
 Prepaid Expenses                                    475,281
 Other Receivables                                    15,649
 Cash                                                350,659
 Taxation Recoverable                                100,497
 Other Current Assets                                    187

 Total Current Assets                              4,086,997

 TOTAL ASSETS                                      5,779,707
                       --------------------------------------------------------

 LIABILITIES

 Issued Capital                                      529,743
 Reserves                                            175,000
 Retained Earnings                                 2,273,448
 Lease pay. after 1 yr                               160,258
 Other Long-term Liabs                                14,249

 Accruals/Deferred Inc                               474,653
 Bank Loans/Overdrafts                               500,150
 Loans from Principals                                 3,500
 Tax & Social Security                             1,506,230
 Lease pay. in 1 year                                121,726
 Other Current Liabs.                                 20,750

 Total Current Liabs.                              2,627,009

 TOTAL LIABILITIES                                 5,779,707
                       --------------------------------------------------------
 Closing date                                      31-03-1998
 PROFIT AND LOSS ACCOUNT

 Net Sales                                        13,545,000

 Cost of Sales                                     7,841,801

 Gross Profit                                      5,703,199

 Advert. & Commercial Exp.                           361,495
 General Expenses                                  5,219,893
 Net Operating Income                                121,811


 Total Financial Income                                    0

 Interest Payable                                      7,691

 Total Financial Expenses                              7,691

 Profit Before Tax                                   114,120

 Net Taxation                                        130,000
 Other Tax                                                 0
 Profit After Tax                                    (15,880)


 Net Loss                                             15,880

 Exports                                              24,975


 Retained Earnings at Start                        2,289,328
 Net Loss                                             15,880
 Dividends                                                 0
 Retained Earnings at End                          2,273,448

    Payroll                                        3,752,649
    Depreciation                                     427,953

 Directors' Remuneration                             115,022

 Number of Employees                                      50

    Statement obtained from Companies House.

    Contingent debt: none indicated.
    Debtors shown as a net value, less undisclosed allowance for doubtful
    debts.
    Fixed assets shown as a net value, less undisclosed accumulated
    depreciation.
    Long term debt/Liabilities: Other
    Small and exempt from the requirement to file audited accounts, criteria
    for which include a turnover of less than 90,000, HP after one year
    consists of:Finance Lease Due After 1 Year
    Other Current Assets consist of: Other 187
    Other Current Liabs. consist of: Other 20750

    SECURED CHARGES

    Registered 1992 a mortgage to Barclays Bank PLC.
    Registered 1993 a debenture to National Westminster Bank PLC.

    CORPORATE STRUCTURE

    SUBSIDIARIES

    Subject has one subsidiary.

    D & B Sample Subsidiary Co Ltd, Birmingham, U K, DUNS: 23-080-9378,
    ownership: 100%

    It should be noted that the Accounting Reference Date is 31-03.

    BRANCHES

    Number of branches or divisions: 1

    5th Floor, Westminster Ho Manchester, branch

    PARENT COMPANY

             IMMEDIATE PARENT

             NAME:           D & B SAMPLE HOLDING CO LTD
             TOWN:           BIRMINGHAM
             COUNTRY:        UK
             D-U-N-S NUMBER: 23-308-3567
             OWNERSHIP:      99%

    HISTORY/OPERATIONS

    HISTORY
    Business started 1984
    Private limited company registered 01-11-1984

    Subject was accredited with BSI 5750 in November 1996




    OPERATIONS

    SIC CODE(S):   5081     7372

    COMMERCIAL MACHINERY WHOLESALERS
    COMPUTER PROGRAMMING & SOFTWARE SERVICES

    Laptop personal computers, computer hardware and accessories distributors
    (60%) and software developers (40%).

    Sells to: Blue chip companies and Government departments
    Terms are: Net 30 days (U K) & letter of credit (overseas)
    Number of accounts: 400.

    Non-seasonal business.
    Exports:            30% of sales to U S A; Germany
    EMPLOYEES:          203

    Premises:           Owns offices, factory, warehouses, at the heading
                        address covering 20,000 sq. ft.

    REGISTERED OFFICE: 11th Floor, Centre City Tower, 7 Hill St, Birmingham B5
    4UN

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