MIRA INFORM REPORT

Report Date :

26.07.2011

IDENTIFICATION DETAILS

Name :	SP COMMODITIES LLP

Registered Office :	Garden Flat 1 62 Argyle Street, London, Wc1h 8er

Country :	United Kingdom

Financials (as on) :	31.03.2009

Date of Incorporation :	31.03.2008

Com. Reg. No.:	OC336030

Legal Form :	Limited Liability Partnership

Line of Business :	-----

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Poor

Payment Behaviour :	Unknown

Litigation :	----

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 – March 31^st, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

United Kingdom

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

REGISTERED NAME & COMPANY SUMMARY

Company Name	SP COMMODITIES LLP	Company Number	OC336030
Registered Address	GARDEN FLAT 1 62 ARGYLE STREET	Trading Address	Garden Flat 1 62 Argyle Street London WC1H 8ER
	LONDON

	WC1H 8ER
Website Address	-
Telephone Number	-	Fax Number
TPS	-	FPS	No
Incorporation Date	31/03/2008	Company Status	Financial Statements too old
Previous Name		Type	Other
		Filing Date of Accounts	21/01/2010
Date of Change	-	Share Capital	-
Sic Code		Currency
Sic Description
Principal Activity

CREDIT RECOMENDATION

Current Credit Limit: No credit limit recommended.

DIRECTORS/MANAGEMENT

Total Current Directors	2
Total Current Secretaries	0
Total Previous Directors / Company Secretaries	0

Current Directors

Name	Anupam Parekh	Date of Birth	07/01/1944
Officers Title	Mr	Nationality	British
Present Appointments	16	Function	LLP Designated Member
Appointment Date	31/03/2008
Address	23 Clare Close, , Elstree, WD6 3NJ
Other Actions	View Director Report	View Consumer Report	View Trace Report

Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Shakuntala Parekh	Date of Birth	18/08/1949
Officers Title	Mrs	Nationality	British
Present Appointments	13	Function	LLP Designated Member
Appointment Date	31/03/2008
Address	23 Clare Close, Elstree, Borehamwood, WD6 3NJ
Other Actions	View Director Report	View Consumer Report	View Trace Report

NEGATIVE INFORMATION

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 -	0

Exact CCJ Details

There are no exact CCJ details

Possible CCJ Details

There are no possible CCJ details

Writ Details

There are no writ details

Mortgage Summary

SHARE & SHARE CAPITAL INFORMATION

Current Company Secretary

Top 20 Shareholders

No Shareholder Details

PAYMENT INFORMATION

GROUP STRUCTURE & AFFILIATED COMPANIES

Group Structure Summary

Company Name	SP COMMODITIES LLP	Company Number	OC336030
Holding Company	-	Ownership Status
Ultimate Holding Company	-	Companies in group	-

Group structure

No group structure

FINANCIAL INFORMATION

Profit & Loss

Date Of Accounts	31/03/09	(%)	-	(%)	-	(%)	-	(%)	-
Weeks	52	(%)	-	(%)	-	(%)	-	(%)	-
Currency	GBP	(%)	-	(%)	-	(%)	-	(%)	-
Consolidated A/cs	N	(%)	-	(%)	-	(%)	-	(%)	-
Turnover	-	-	-	-	-	-	-	-	-
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-
Wages & Salaries	-	-	-	-	-	-	-	-	-
Directors Emoluments	-	-	-	-	-	-	-	-	-
Operating Profit	-	-	-	-	-	-	-	-	-
Depreciation	£211	-	-	-	-	-	-	-	-
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	-	-	-
Taxation	-	-	-	-	-	-	-	-	-
Profit After Tax	-	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

Date Of Accounts	31/03/09	(%)	-	(%)	-	(%)	-	(%)	-
Tangible Assets	£843	-	-	-	-	-	-	-	-
Intangible Assets	£19,106	-	-	-	-	-	-	-	-
Total Fixed Assets	£19,949	-	-	-	-	-	-	-	-
Stock	0	-	-	-	-	-	-	-	-
Trade Debtors	£290,382	-	-	-	-	-	-	-	-
Cash	£10,458	-	-	-	-	-	-	-	-
Other Debtors	£23,930	-	-	-	-	-	-	-	-
Miscellaneous Current Assets	0	-	-	-	-	-	-	-	-
Total Current Assets	£324,770	-	-	-	-	-	-	-	-
Trade Creditors	£270,466	-	-	-	-	-	-	-	-
Bank Loans & Overdrafts	0	-	-	-	-	-	-	-	-
Other Short Term Finance	0	-	-	-	-	-	-	-	-
Miscellaneous Current Liabilities	0	-	-	-	-	-	-	-	-
Total Current Liabilities	£270,466	-	-	-	-	-	-	-	-
Bank Loans & Overdrafts and LTL	0	-	-	-	-	-	-	-	-
Other Long Term Finance	0	-	-	-	-	-	-	-	-
Total Long Term Liabilities	0	-	-	-	-	-	-	-	-

Capital & Reserves

Date Of Accounts	31/03/09	(%)	-	(%)	-	(%)	-	(%)	-
Called Up Share Capital	-	-	-	-	-	-	-	-	-
P & L Account Reserve	-	-	-	-	-	-	-	-	-
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	£74,253	-	-	-	-	-	-	-	-
Shareholder Funds	£74,253	-	-	-	-	-	-	-	-

Other Financial Items

Date Of Accounts	31/03/09	(%)	-	(%)	-	(%)	-	(%)	-
Net Worth	£55,147	-	-	-	-	-	-	-	-
Working Capital	£54,304	-	-	-	-	-	-	-	-
Total Assets	£344,719	-	-	-	-	-	-	-	-
Total Liabilities	£270,466	-	-	-	-	-	-	-	-
Net Assets	£74,253	-	-	-	-	-	-	-	-

Cash Flow

Date Of Accounts	31/03/09	(%)	-	(%)	-	(%)	-	(%)	-
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	31/03/09	(%)	-	(%)	-	(%)	-	(%)	-
Contingent Liability	NO	-	-	-	-	-	-	-	-
Capital Employed	£74,253	-	-	-	-	-	-	-	-
Number of Employees	-	-	-	-	-	-	-	-	-
Auditors
Auditor Comments	The company is exempt from audit
Bankers
Bank Branch Code

Ratios

Date Of Accounts	31/03/09	-	-	-	-
Pre-tax profit margin %	-	-	-	-	-
Current ratio	1.20	-	-	-	-
Sales/Net Working Capital	-	-	-	-	-
Gearing %	0	-	-	-	-
Equity in %	22.80	-	-	-	-
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	1.20	-	-	-	-
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	3.64	-	-	-	-
Total Debt Ratio	3.64	-	-	-	-
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	-	-	-	-	-

FOREIGN EXCHANGE RATES

ADDITIONAL INFORMATION

Status History

Date	Description
18/05/2011	Vol. Dissolution Suspended
17/03/2011	Dissolution (First Gazt)
09/03/2011	Vol. Dissolution Requested

Event History

Date	Description
16/07/2010	New Board Member Mrs S. Parekh appointed
30/06/2010	New Board Member Mr A. Parekh appointed
17/04/2010	Annual Returns
26/01/2010	New Accounts Filed
09/10/2009	New Board Member Ms S. Parekh appointed
09/10/2009	New Board Member Mr A. Parekh appointed
07/05/2009	Change in Reg.Office
07/05/2009	Change of Company Postcode
21/04/2009	Annual Returns
14/01/2009	New Board Member Mr A. Parekh appointed
17/10/2008	New Board Member Mrs S. Parekh appointed
26/06/2008	Change in Reg.Office
26/06/2008	Change of Company Postcode
30/04/2008	New Board Member Ms S. Parekh appointed
30/04/2008	New Board Member Mr A. Parekh appointed

NOTES & COMMENTS

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.42
UK Pound	1	Rs.72.49
Euro	1	Rs.63.87

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%)

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.