MIRA INFORM REPORT

Report Date :

18.01.2011

IDENTIFICATION DETAILS

Name :	SUNDERDASS TRADING COMPANY LIMITED

Registered Office :	110 The Broadway, Southall, Middlesex, UB1 1QF.

Country :	United Kingdom

Financials (as on) :	30.11.2009

Date of Incorporation :	18.03.1994

Com. Reg. No.:	02910014

Legal Form :	Private Limited

Line of Business :	Diamond Merchants & Brokers

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory

Payment Behaviour :	No Complaints

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 – June 30, 2010

Country Name

Previous Rating

(01.04.2010)

Current Rating

(30.06.2010)

United Kingdom

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company Identification Details

Subject Reported on	SUNDERDASS TRADING COMPANY LIMITED
Registration Number	02910014
Address	110 THE BROADWAY, SOUTHALL, MIDDLESEX, UB1 1QF.
Telephone	020 8571 9448

Official Company Data

Legal Form	Private Limited
Registration Number	02910014
Subject Status	Trading
Date of Incorporation	18/03/1994
Registered Office	20 THE BROADWAY, SOUTHALL, MIDDLESEX, UB1 1PS.
Date of Last Annual Return to Registry	18/03/2010
Accounts	The last filed accounts at Companies House are those to 30/11/2009
Accounting Reference Date	30/11

Operations

Activities	Diamond Merchants & Brokers
Auditors	M. Pattni & Co

Public Record Information

Summary of CCJ's/Scottish Decrees

No CCJs/Scottish Decrees are recorded in our file.

Summary of Mortgages, Charges and Satisfactions

Total Number of Mortgages/Charges Registered	1
Number Outstanding	1
Number Partially Satisfied	0
Number Satisfied	0

Date of Latest Mortgage Created	09/09/1997

Details of most recent Mortgages, Charges and Satisfactions

Date Fully Satisfied	Date Registered	Date Created	Charge Description	Form Type	Lender
	20/09/1997	09/09/1997	Debenture	395	Midland Bank Plc

It should be noted that there is no legal requirement to file satisfaction details of mortgages/charges at Companies House.

Other Filings and Notices

Date

Source

Description

30/03/2010	Companies House	Notice of striking-off action discontinued
31/12/2009	Companies House	First notification of strike-off action in London Gazette (section 652)
22/12/2009	Companies House Gazette	First notice from Companies House to dissolve company in 3 months
28/02/2004	Companies House Gazette	Change among directors of a company
16/04/1998	Companies House Gazette	Change among directors of a company
10/03/1997	Companies House Gazette	Change among directors of a company
04/01/1995	Companies House Gazette	Change among directors of a company
21/11/1994	Companies House Gazette	Change among directors of a company
19/07/1994	Companies House Gazette	Change among directors of a company

Company Secretary

Secretary	HARISH ROY BABBER
Service Address	6 NORWOOD ROAD, SOUTHALL, MIDDLESEX, UB2 4DL.
Country of Origin	UNITED KINGDOM
Date of Birth	20/04/1953
Appointment Date	18/03/1994
Other Directorships	R P S PROPERTIES LIMITED

Directors

Director	MR SUNEEL BABBER
Service Address	43 SHAFTESBURY AVENUE, NORWOOD GREEN, SOUTHALL, MIDDLESEX, UB2 4HH.
Country of Origin	UNITED KINGDOM
Date of Birth	18/02/1958
Appointment Date	18/03/1994
Director	MR PARMOD KUMAR BABBER
Service Address	51 WARLEY AVENUE, HAYES, MIDDLESEX, UB4 0RA.
Country of Origin	UNITED KINGDOM
Date of Birth	26/11/1949
Appointment Date	19/02/2004

Share Capital

Shares	Ordinary GBP 1.00
Issued Number	2
Principal Shareholder	1 Suneel Babber
	1 Harish Roy Babber

The above reflects the principle shareholder(s) by number of shares held, irrespective of share classification type.

Financial Data– Statutory Accounts

Profit & Loss Accounts are not available for companies categorised as small companies under the companies act.

For annual accounts images, view the

Balance Sheet

The following figures are shown in units of 1000

Number of Weeks	52	52	52	52
Accounts Date	30/11/2009	30/11/2008	30/11/2007	30/11/2006
Currency	GBP	GBP	GBP	GBP
TOTAL FIXED ASSETS	25	27	29	31
Tangible Assets	25	7	29	31
Intangible Assets		20
TOTAL CURRENT ASSETS	3341	3753	3523	3541
Trade debtors		3169	2558	2697
Stocks	952	580	963	843
Other Current Assets	2389	4	2	1
Misc Current Assets	2353
Cash	36	4	2	1
TOTAL ASSETS	3366	3780	3552	3572
TOTAL CURRENT LIABILITIES	1909	2365	2164	2278
Trade creditors		2365	2164	2278
Other Liabilities	1909
WORKING CAPITAL	1432	1388	1359	1263
NET ASSETS/(LIABILITIES)	1457	1415	1388	1294
SHARE CAPITAL + RESERVES	1457	1415	1388	1294
Profit and Loss account	1457	1415	1388	1294
SHAREHOLDERS FUNDS	1457	1415	1388	1294
CAPITAL EMPLOYED	1457	1415	1388	1294

Financial Comparison

The following figures are shown in units of 1000

Number of Weeks	52	52	52	52
Accounts Date	30/11/2009	30/11/2008	30/11/2007	30/11/2006
Currency	GBP	GBP	GBP	GBP
Liquid Assets	36	3173	2560	2698
Net Working Capital	1432	1388	1359	1263
Tangible Net Worth(T.N.W)	1457	1395	1388	1294
Equity	1457	1415	1388	1294
Number of Years Trading	15	14	13	12

Key Credit Ratios

The following figures are shown as Ratios or Percentages

Accounts Date	30/11/2009	30/11/2008	30/11/2007	30/11/2006
Current Ratio	1.8	1.6	1.6	1.6
Quick Ratio	1.3	1.3	1.2	1.2
T.N.W/Total Assets%	43.3	36.9	39.1	36.2
Equity Gearing%	76.3	59.8	64.1	56.8

Financial Summary

Auditors Qualification

The company has taken advantage of exemptions under the Companies Act such that the accounts have not been audited or examined.

No Turnover

The company's balance sheet total is less than GBP 5,600,000 and is a medium sized company as defined by the Companies Act. It is not required to disclose turnover but it is likely to be in the range of GBP 2,800,000 - GBP 11,200,000.

No Pre-Tax Profit

The Company is exempt from the requirement to file a Profit Loss Account. We note that the difference on the Profit and Loss Account shown on the Balance Sheet is GBP 42,000 increase. This suggests that the Company may have made a post-tax profit of GBP 42,000.

Working Capital

The subject's working capital has improved by 44,000 in the period.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.59
UK Pound	1	Rs.72.31
Euro	1	Rs.60.73

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

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 and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.