MIRA INFORM REPORT

Report Date :

04.04.2012

IDENTIFICATION DETAILS

Name :	RUSSIAN COFFEE COMPANY LIMITED
Registered Office :	Grove House 2nd Floor, 55 Lowlands Road, Harrow, Middlesex, Ha1 3aw.
Country :	United Kingdom
Financials (as on) :	31.10.2010
Date of Incorporation :	08.10.1996
Com. Reg. No.:	03260122
Legal Form :	Private Limited Company
Line of Business :	Importers and distributors of coffee
No. of Employees :	09

RATING & COMMENTS

MIRA’s Rating :

B

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

Maximum Credit Limit :	GBP 38,000
Status :	Moderate
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 – September 30^th, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
United Kingdom	a1	a1

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	RUSSIAN COFFEE COMPANY LIMITED
Registration Number	03260122
VAT Number	GB672745313
Address	GROVE HOUSE 2ND FLOOR, 55 LOWLANDS ROAD, HARROW, MIDDLESEX, HA1 3AW.
Telephone	020 8427 9948
Facsimile	020 8424 0529
Web Address	www.equatorialtraders.com

Creditline Recommendations

Monthly Credit Guide

GBP 38,000

Official Company Data

Legal Form	Private Limited
Registration Number	03260122
VAT Number	GB672745313
Subject Status	Trading
Date of Incorporation	08/10/1996
Registered Office	GROVE HOUSE 2ND FLOOR, 55 LOWLANDS ROAD, HARROW, MIDDLESEX, HA1 3AW.
History	Previously located at CONGRESS HOUSE, LYON ROAD, HARROW, HA1 2EN.
	19/05/2010 : The Registered Office address changed from THE HEIGHTS, 3RD FLOOR, 59-65 LOWLANDS ROAD,.
	19/10/2005 : The Registered Office address changed from FITGERALD HOUSE, WILLOWCOURT AVENUE, KENTON H.
	12/04/2002 : The Registered Office address changed from CONGRESS HOUSE, LYON ROAD, HARROW, MIDDLESEX,.
	21/10/1999 : The Registered Office address changed from FLAT 1 SUMMIT HOUSE, LONDON ROAD, HARROW ON T.
	10/10/1996 : The Registered Office address changed from 47/49 GREEN LANE, NORTHWOOD, MIDDLESEX, HA6.
Date of Last Annual Return to Registry	08/10/2011
Accounts	The last filed accounts at Companies House are those to 31/10/2010
Accounting Reference Date	31/10

Operations

Activities	Importers and distributors of coffee.
Nace Code	5137
Premises	Owned,Offices
Staff Employed	9
Import Countries	FAR EAST
Export Countries	No Export Activity
Bankers	BNP PARIBAS
Auditors	Leftley Rowe & Co

Previous Searches

Search History Summary

Last 3 Months	Last 6 Months	Last 12 Months
0	0	0

Search History Details

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

Date	Description
02/04/2009	Miscellaneous

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	6
Number Outstanding	2
Number Partially Satisfied	0
Number Satisfied	4
Date of Latest Mortgage Created	23/03/2010
Date of Latest Satisfaction	20/01/2010

Details of most recent Mortgages, Charges and Satisfactions

Date Fully Satisfied	Date Registered	Date Created	Charge Description	Form Type	Lender
	10/04/2010	23/03/2010	Legal Mortgage	MG01	Hsbc Bank Plc
	05/11/2009	23/10/2009	Trade Finance Security Agreement	MG01	Bnp Paribas (Suisse) Sa
20/01/2010	28/10/2006	11/10/2006	General Letter Of Pledge	395	Fortis Bank Sa-Nv
20/01/2010	28/10/2006	26/10/2006	Debenture	395	Fortis Bank Sa-Nv
08/09/2007	01/11/2005	26/10/2005	Commercial Pledge Agreement	395	"Hvb Bank Latvia" As
08/09/2007	27/02/1997	24/02/1997	Fixed And Floating Charge	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

12/03/2009	Companies House Gazette	Alteration in memorandum or articles of association
10/10/1996	Companies House Gazette	Change among directors of a company

Company Secretary

Secretary	MRS SONA MANHERLAL MEHTA
Service Address	2 GRACES MEWS, LONDON, NW8 9AZ.
Country of Origin	UNITED KINGDOM
Date of Birth	16/06/1973
Appointment Date	08/10/1996

Directors

Director	RUPEN SOOCHAK
Service Address	84 BRYANSTON COURT, GEORGE STREET, LONDON, W1H 7HD.
Country of Origin	UNITED KINGDOM
Date of Birth	12/04/1971
Appointment Date	08/10/1996
Other Directorships	EQUATORIAL TRADERS LIMITED

Share Capital

Shares	Ordinary GBP 1.00
Issued Number	625,000
Principal Shareholder	625,000 Rupen Soochak

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	31/10/2010	31/10/2009	31/10/2008	31/10/2007
Currency	GBP	GBP	GBP	GBP
TOTAL FIXED ASSETS	603	8	12	6
Tangible Assets	603	8	12	6
TOTAL CURRENT ASSETS	3214	1251	884	1221
Trade debtors	1562	289	241	574
Stocks	1619	827	495	557
Other Current Assets	33	135	148	90
Cash	33	135	148	90
TOTAL ASSETS	3817	1259	896	1227
TOTAL CURRENT LIABILITIES	2351	280	128	684
Trade creditors	2351	280	128	684
WORKING CAPITAL	863	971	756	537
TOTAL LONG TERM LIABS	374	1	2
NET ASSETS/(LIABILITIES)	1092	978	766	543
SHARE CAPITAL + RESERVES	1092	978	766	543
Share Cap + Sundry Res	625	625	500	300
Profit and Loss account	467	353	266	243
SHAREHOLDERS FUNDS	1092	978	766	543
CAPITAL EMPLOYED	1466	979	768	543

Financial Comparison

The following figures are shown in units of 1000

Number of Weeks	52	52	52	52
Accounts Date	31/10/2010	31/10/2009	31/10/2008	31/10/2007
Currency	GBP	GBP	GBP	GBP
Liquid Assets	1595	424	389	664
Net Working Capital	863	971	756	537
Other Deferred Liabs	374	1	2
Tangible Net Worth(T.N.W)	1092	978	766	543
Equity	1092	978	766	543
Number of Years Trading	14	13	12	11

Key Credit Ratios

The following figures are shown as Ratios or Percentages

Accounts Date	31/10/2010	31/10/2009	31/10/2008	31/10/2007
Current Ratio	1.4	4.5	6.9	1.8
Quick Ratio	0.7	1.5	3	1
T.N.W/Total Assets%	28.6	77.7	85.5	44.3
Equity Gearing%	40.1	348	589.2	79.4

Key Industry Sector Trends

Year	2011	2010	2009	2008
Sample Size	4438	8011	7885	7874
Pre-Tax Profit Margin	2.6	2.2	2	1.8
Current Ratio	1.5	1.4	1.4	1.4
Borrowing Ratio	76.6	84.5	76.5	84
Return on Capital	27	27.6	28.8	30.1
Creditors Days	57	70	71	84

Above figures relate to companies in 2003 Standard Industry Classification (Nace) sector : Wholesale of food, beverages and tobacco

Financial Summary

Auditors Qualification

The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the accounts for the period ended 31/10/2010.

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 114,000 increase. This suggests that the Company may have made a post-tax profit of GBP 114,000.

Working Capital

The subject's working capital decreased by 11 % in the period but remains positive.

Net Worth

Net worth has increased by 12 % and now stands at GBP 1,092,000.

Long Term Liabilities

Long term liabilities are 26 % of capital employed, an increase of 26 % over the previous period.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.50.56
UK Pound	1	Rs.81.05
Euro	1	Rs.67.49

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.