EFTA00726604.pdf

Page I Q. LexisNexis® 1 of I DOCUMENT Copyright 2010 ICC Information Group Ltd. ICC Financial Analysis Reports ICC Information Limited is not an investment adviser and makes no warranties regarding merchantability or suitability of material for a particular purpose. May 6, 2010 FCF UK (A) III LIMITED LONDON WIS 3PD COMPANY IDENTIFIERS * * * * * * * * * * REGISTRATION NO.: 05766570 COMPANY INFORMATION * * * * * * * * * * INCORPORATION DATE: April 3, 2006 JURISDICTION/PLACE OF REGISTRATIONEngland/Wales EMPLOYEES: 12 CORPORATE STRUCTURE HOLDING COMPANY: Fortress Capital Finance III (A) LLC ULTIMATE HOLDING COMPANY: FORTRESS INVESTMENT FUND HOLDINGS (GP) LLC EXECUTIVES * * * * * * * * * * DIRECTORS: Mr John Malcolm Morrissey, Accountant Acc Mr Robert Ian, Kauffman Investment Professional Aod Mrs, Miriam Thomas General Counsel Aod Wesley Robert Edens Investment Professional, Ceo Mr Randal Alan Nardone, Coo Aod Go To ICC Directors SECRETARY: . MRRANDAL ALANNARDONE, C OPERATIONS O DESCRIPTION * * * * * * * * * * PRINCIPLE ACTIVITIES: To research opportunities for investment in residential INDUSTRY TYPE: COMPANY TYPE: Private Limited with sham capital EFTA00726604  Page 2 ICC Financial Analysis Reports, 5/6/2010, FCF UK (A) III LIMITED COMPANY SIZE: Large unquoted company MARKET AND INDUSTRY * * * * * * * * * * SIC: 74849 - Other business activities not elsewhere classified FINANCIALS * **** * * * * * FISCAL YEAR DATE: December 31, 2008 FISCAL YEAR END: December 31 LAST FILED ACCOUNTS: December 31, 2009 ACCOUNTS TYPE: Full Accounts ACCOUNTS LODGED DATE: April 30, 2010 ANNUAL RETURN: April 3, 2010 CREDIT LIMIT: 30,000 BALANCE SHEET " " " " " ASSETS Date of Accounts 31/12/2008 31/12/2007 31/12/2006 Tangible Assets 23,000 13,000 0 Intangible Assets 0 0 0 Total Fixed Assets 23,000 13,000 0 Stocks 0 0 0 Debtors 0 0 0 Cash 41,000 1,114,000 0 Miscellaneous Current Assets 2,515,000 1,601,000 0 Other Current Assets 2,556,000 2,715,000 0 Total Current Assets 2,556,000 2,715,000 0 Fixed Assets 13,000 3,000 0 Intermediate Assets 10,000 10,000 0 Due From Group, Non Current 0 0 0 Due From Group, Current 2,432,000 1,493,000 0 TOTAL ASSETS 2,579,000 2,728,000 0 LIABILITIES Date of Accounts 31/12/2008 31/12/2007 31/12/2006 Creditors 0 0 0 Bank Overdraft 0 0 0 Miscellaneous Current Liabilities 2,110,000 2,533,000 72,000 Bank Loans - Current Portion 0 0 0 Other Short Term Finance 77,000 58,000 62,000 Due To Group, Current 77,000 58,000 62,000 Due To Directors, Current 0 0 0 Other Current Liabilities 2,033,000 2,475,000 10,000 Short Term Loans 77,000 58,000 62,000 Long Term Loans 0 0 0 Long Term Banlc Loan 0 0 0 Other Long Term Finance 0 0 0 Due To Group, Non Current 0 0 0 Due To Directors, Non Current 0 0 0 Other Long Term Liabilities 0 0 0 Total Current Liabilities 2,110,000 2,533,000 72,000 Total Long Term Liabilities 0 0 0 TOTAL LIABILITIES 2,110,000 2,533,000 72,000 Called Up Share Capital and Sundry Reserves 0 0 0 EFTA00726605  Page 3 ICC Financial Analysis Reports, 5/6/2010, FCF UK (A) III LIMITED LIABILITIES Date of Accounts 31/1212008 31/1212007 31/1212006 Profit & Loss Account Reserve 469,000 195,000 -72000 Revaluation Reserve 0 0 0 Shareholder Funds 469,000 195.000 -72000 Called Up Sham Capital 0 0 0 Sundry Reserves (Including Grants) 0 0 0 Contingent Liabilities 0 0 0 NET ASSETS 469,000 195.000 -72000 INCOME STATEMENT PROFIT AND LOSS ACCOUNT Date of Accounts 31/12/2008 31/12/2007 31/12/2006 Total Sales 3,885,000 4,194,000 0 Cost of Sales Gross Profit - Operating Profit -1071000 -1270000 -72000 Export 3,885,000 4,194,000 0 Nontrading Income 24,000 38,000 0 Interest Payable 0 0 0 Pretax Profit -1047000 -1232000 -72000 Taxation 104,000 115,000 0 Profit After Tax -1151000 -1347000 -72000 Dividends Payable 0 0 0 Retained Profits -1151000 -1347000 -72000 Value Added 1,810,296 2,134,632 Capital Employed 469,000 195,000 -72000 Net Worth 469,000 195,000 -72000 Working Capital 446,000 182,000 -72000 Emp. Renumeration 2,599,000 3,083,000 Dir. Renumeration 0 0 0 Audit Fees 25,000 22,000 10,000 Non-audit Fees 0 0 0 Depreciation 12,000 1,000 0 Number of Employees 12 II OTHER FINANCIALS * * * * * * * * * * GROWTH RATES Date of Accounts 2 Years 3 Years 5 Years Sales -7 Pretax Total Assets -6 Current Assets -6 Current Liabilities -17 2,831 Capital Employed 141 Employee Wages -16 Number of Employees 9 INDUSTRY AVERAGES Compared to 1,940 companies in the same industry sector (year ending 2008) SIC Code: 74849 Other business activities not elsewhere classified EFTA00726606  Page 4 ICC Financial Analysis Reports, 5/6/2010, FCF UK (A) III LIMITED INDUSTRY QUARTILES Lower Median Upper Pretax Profit / Capital Employed (%) 0.00 18.11 62.42 Pretax Profit / Total Assets (%) -0.41 4.97 20.00 Pretax Profit / Sales (%) -0.10 3.66 15.04 Sales / Total Assets (%) 53.67 148.21 288.02 Credit Period In Days (Trade Debtors / Sales) x 365 58.67 19.93 0.00 Current Assets / Current Liabilities 0.94 1.19 2.21 Value Added / Number Of Employees (GBP) 21,486.96 43,147.00 84,080.85 Employee Remuneration / Number Of Employees (GBP) 21,407.14 33,479.41 56,765.20 Sales / Number Of Employees (GBP) 62,714.29 133,155.0 310,300.0 Wages / Turnover (%) 48.97 30.68 12.91 CREDIT RATING Year 0= 5 8 Year -1 = 6 0 Year -2 = 1 3 Year -3 = RATIOS * * * * " " Date of Accounts 31/12/2008 31/12/2007 31/12/2006 Pretax Profit / Capital Employed (%) -223.24 -631.79 Pretax Profit / Assets (%) -40.60 45.16 Pretax Profit / Shareholders Funds (%) -223.24 -631.79 Pretax Profit / Sales (%) -26.95 -29.38 Sales / Total Assets (%) 150.64 153.74 Sales / Fixed Assets (%) 298.85 1,398.00 Export / Sales (%) 100.00 100.00 Working Capital / Sales (%) 11.48 4.34 Sales / Stocks Credit Period In Days (Trade Debtors / Sales ) x 365 0.00 0.00 Current Assets / Current Liabilities 1.21 1.07 0.00 Quick Assets / Current Liabilities 1.21 1.07 0.00 Total Debt / Net Worth (%) 16.42 29.74 Shareholders Funds / Total Assets 0.18 0.07 Long Term Debt / Net Worth (%) 16.42 29.74 Interest / Pm Interest Profit (%) 0.00 0.00 Current Liabilities / Stocks Employee Remuneration / Number Of Employees (GBP) 216,583.3 280,272.7 Employee Remuneration / Sales (%) 66.90 73.51 Pretax Profit / Number Of Employees (GBP) -87250.0 -112000. Sales / Number Of Employees (GBP) 323,750.0 381,272.7 Capital Employed / Number Of Employees 39,083.33 17,727.27 Fixed Assets / Number Of Employees (GBP) 1,083.33 272.73 Total Assets / Number Of Employees (GBP) 214,916.6 248,000.0 Pretax Profit / Value Added (%) -57.84 -57.71 Value Added / Sales (%) 46.60 50.90 Value Added / Number Of Employees (GBP) 150,858.0 194,057.4 Value Added / Employee Remuneration 0.70 0.69 Sales / Audit Fees 155.40 190.64 0.00 Total Assets / Audit Fees 103.16 124.00 0.00 EFTA00726607  Page 5 ICC Financial Analysis Reports, 5/6/2010, FCF UK (A) III LIMITED Date of Accounts 31/12/2008 31/12/2007 31/12/2006 Creditors / Debtors Total Debt / Working Capital 0.17 0.32 Total Debt / Total Assets 0.03 0.02 SECURITIES INFORMATION * * * * * * * * * * CURRENT SHARES OUTSTANDING: GBP 469,000 SERVICE FIRMS * * * * * * * * * * AUDITOR: Ernst & Young LLP LOAD-DATE: May 14, 2010 EFTA00726608