MIRA INFORM REPORT

Report Date :

04.06.2011

IDENTIFICATION DETAILS

Name :	PREEMA INTERNATIONAL LIMITED

Registered Office :	Preema House, Preema International Ltd, 171 Camford Way Luton, Bedfordshire, Lu3 3an.

Country :	United Kingdom

Financials (as on) :	31.03.2010

Date of Incorporation :	18.10.1990

Com. Reg. No.:	02549646

Legal Form :	Private Limited Company

Line of Business :	Manufacturers and distribution of janitorial and catering products

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	GBP 10,750

Status :	Small Company

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 – 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

Bottom of Form

Company Identification Details

Subject Reported on	PREEMA INTERNATIONAL LIMITED
Registration Number	02549646
VAT Number	GB586978650
Address	PREEMA HOUSE, 171 CAMFORD WAY, LUTON, BEDFORDSHIRE, LU3 3AN.
Telephone	0845 555 1888
Facsimile	0845 555 2888
Email	info@preema.co.uk
Web Address	www.preema.co.uk

Creditline Recommendations

Monthly Credit Guide

GBP 10,750

Official Company Data

Legal Form	Private Limited
Registration Number	02549646
VAT Number	GB586978650
Subject Status	Trading
Date of Incorporation	18/10/1990
Registered Office	PREEMA HOUSE, PREEMA INTERNATIONAL LTD, 171 CAMFORD WAY LUTON, BEDFORDSHIRE, LU3 3AN.
History	28/11/2007 : The Registered Office address changed from PREEMA INTL LTD UNIT 3, SHERATON BUSINESS CEN.
	25/01/2002 : The Registered Office address changed from 7 CLEVELAND GARDENS, LONDON, NW2 1EA.
	6/03/1999 : The Registered Office address changed from 7 CLEVELAND GARDENS, LONDON, NW2 1EA, N12 9QR.
	10/01/1996 : The Registered Office address changed from ACI HOUSE, TORRINGTON PARK, NORTH FINCHLEY, L.
	At heading address since 1991.
	Previously located at UNIT 5, 1000 NORTH CIRCULAR RD, LONDON.
Date of Last Annual Return to Registry	18/10/2010
Accounts	The last filed accounts at Companies House are those to 31/03/2010
Accounting Reference Date	31/03

Operations

Activities	Manufacturers and distribution of janitorial and catering products.
Premises	Leased,Offices,Warehouse
Staff Employed	10
Import Countries	INDIA
Export Countries	No Import Activity
Bankers	BARCLAYS BANK PLC
Address	WEMBLEY.
Sort Code	200189
Auditors	Jassens

Historical Rating

Date	Monthly Credit Guide
03/06/2011	10,750
03/03/2011	15,750
03/12/2010	16,000
03/09/2010	10,500
03/06/2010	0

Previous Searches

Search History Summary

Last 3 Months	Last 6 Months	Last 12 Months
2	5	6

Search History Details

The Search History Details shows details of the most recent 40 searches

Date	Description
18/05/2011	Miscellaneous
18/05/2011	Other financial intermediation not elsewhere classified
18/02/2011	Other credit granting
01/02/2011	Other credit granting
01/02/2011	Other credit granting
04/10/2010	Processing and preserving of fruit and vegetables not elsewhere classified
15/04/2010	Other credit granting

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	3
Number Outstanding	2
Number Partially Satisfied	0
Number Satisfied	1

Date of Latest Mortgage Created	10/11/2010
Date of Latest Satisfaction	15/11/2010

Details of most recent Mortgages, Charges and Satisfactions

Date Fully Satisfied	Date Registered	Date Created	Charge Description	Form Type	Lender
	18/11/2010	10/11/2010	Fixed Floating Charge	MG01	Barclays Bank Plc
15/11/2010	22/09/2009	16/09/2009	Debenture	395	Close Invoice Finance Limited
	06/03/1997	03/03/1997	Deed Of Charge Over Credit Balances	395	Barclays 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

22/03/2010	Companies House Gazette	Notification of any change among the company's directors
22/05/2009	Companies House	First notification of strike-off action in London Gazette (section 652)
01/05/2009	Companies House Gazette	First notice from Companies House to dissolve company in 3 months
30/10/2001	Companies House Gazette	Change among directors of a company
21/12/1992	Companies House Gazette	Change among directors of a company
25/05/1991	Companies House Gazette	Change among directors of a company

Company Secretary

Secretary	PREEMA KOHLI VERMA
Service Address	49 PEBWORTH ROAD, HARROW, MIDDLESEX, HA1 3UD.
Country of Origin	UNITED KINGDOM
Date of Birth	21/12/1972
Appointment Date	09/10/1992

Directors

Director	PREEMA KOHLI VERMA
Service Address	49 PEBWORTH ROAD, HARROW, MIDDLESEX, HA1 3UD.
Country of Origin	UNITED KINGDOM
Date of Birth	21/12/1972
Appointment Date	18/10/2001
Director	DEEPAK KOHLI
Service Address	40 SEDGECOMBE AVENUE, KENTON, HARROW, HA3 8HA.
Country of Origin	UNITED KINGDOM
Date of Birth	18/11/1977
Appointment Date	18/10/2001

Share Capital

Shares	Ordinary GBP 1.00
Issued Number	6
Principal Shareholder	3 Preema Kohli-Verma
	3 Deepak Kohli

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.

Balance Sheet

The following figures are shown in units of 1000

Number of Weeks	52	52	52	52
Accounts Date	31/03/2010	31/03/2009	31/03/2008	31/03/2007
Currency	GBP	GBP	GBP	GBP
TOTAL FIXED ASSETS	54	67	82	27
Tangible Assets	54	67	82	27
TOTAL CURRENT ASSETS	958	562	517	450
Trade debtors	473	346	315	337
Stocks	379	194	181	63
Other Current Assets	106	22	21	50
Cash	106	22	21	50
TOTAL ASSETS	1012	629	599	477
TOTAL CURRENT LIABILITIES	901	533	551	317
Trade creditors	901	533	551	308
Short Term Loans				9
Bank Overdraft				9
WORKING CAPITAL	57	29	(34)	133
TOTAL LONG TERM LIABS	1		5	1
NET ASSETS/(LIABILITIES)	110	96	43	159
SHARE CAPITAL + RESERVES	110	96	43	159
Profit and Loss account	110	96	43	159
SHAREHOLDERS FUNDS	110	96	43	159
CAPITAL EMPLOYED	111	96	48	160

Financial Comparison

The following figures are shown in units of 1000

Number of Weeks	52	52	52	52
Accounts Date	31/03/2010	31/03/2009	31/03/2008	31/03/2007
Currency	GBP	GBP	GBP	GBP
Liquid Assets	579	368	336	387
Net Working Capital	57	29	(34)	133
Other Deferred Liabs	1		5	1
Tangible Net Worth(T.N.W)	110	96	43	159
Equity	110	96	43	159
Number of Years Trading	20	19	18	17

Key Credit Ratios

The following figures are shown as Ratios or Percentages

Accounts Date	31/03/2010	31/03/2009	31/03/2008	31/03/2007
Current Ratio	1.1	1.1	0.9	1.4
Quick Ratio	0.6	0.7	0.6	1.2
T.N.W/Total Assets%	10.9	15.3	7.2	33.3
Borrowing Ratio%				5.7
Equity Gearing%	12.2	18	7.7	50

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 2,800,001 and therefore this is a small company as defined by the Companies Act.It is not required to disclose turnover but it is likely to be less than GBP 5,600,000.

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 14,000 increase. This suggests that the Company may have made a post-tax profit of GBP 14,000.

Working Capital

The company's working capital has increased by 97 % in the period.

Net Worth

Net worth was GBP 110,000.

Fixed Assets

The subject's fixed assets reduced during the year by GBP 13,000 to GBP 54,000 and are now 5 % of total assets compared with 10 % in the previous year.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.85
UK Pound	1	Rs.73.29
Euro	1	Rs.64.89

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.