MIRA INFORM REPORT

Report Date :

02.07.2012

IDENTIFICATION DETAILS

Name :	SANJEEV 1979 LTD.

Registered Office :	140 Cheetham Hill Road Manchester, M8 8PZ

Country :	United Kingdom

Financials (as on) :	30.06.2011

Date of Incorporation :	30.05.1996

Com. Reg. No.:	03205716

Legal Form :	Private Parent

Line of Business :	Wholesale of clothing and footwear

No. of Employees :	142

RATING & COMMENTS

MIRA’s Rating :

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

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 – March 31^st, 2012

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

United Kingdom

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

Company name and address

Top of Form

Bottom of Form

Top of Form

Sanjeev 1979 Ltd.

140 Cheetham Hill Road


Manchester, M8 8PZ
United Kingdom


Tel:	0161 835 2064

Employees:	142
Company Type:	Private Parent

Quoted Status:	Non-quoted Company
Incorporation Date:	30-May-1996
Auditor:	Mitchell Charlesworth

Financials in:	USD (mil)

Fiscal Year End:	30-Jun-2011
Reporting Currency:	British Pound Sterling
Annual Sales:	50.1 ¹
Net Income:	0.1
Total Assets:	20.6

Business Description

Wholesale of garments.

Industry

Industry	Apparel and Accessories
ANZSIC 2006:	371 - Textile, Clothing and Footwear Wholesaling
NACE 2002:	5142 - Wholesale of clothing and footwear
NAICS 2002:	4243 - Apparel, Piece Goods, and Notions Merchant Wholesalers
UK SIC 2003:	5142 - Wholesale of clothing and footwear
US SIC 1987:	513 - Apparel, Piece Goods, and Notions

Key Executives

Name	Title
Sanjeev Kumar	Secretary
Samesh Kumar	Director
Saroj Kumar	Director
Bimal Kumar	Director

Financial Summary

FYE: 30-Jun-2011

USD (mil)

Key Figures
Current Assets	16.88
Fixed Assets	3.73
Total Liabilities	16.03
Net Worth	3.57

Key Ratios
Current Ratio	1.05
Acid Test	0.83
Debt Gearing	28.28

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6291059
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6228783

Corporate Overview

Location
140 Cheetham Hill Road
Manchester, M8 8PZ
Greater Manchester County
United Kingdom

Tel:	0161 835 2064

Suggest Company URL

Sales GBP(mil):	31.5
Assets GBP(mil):	12.8
Employees:	142
Fiscal Year End:	30-Jun-2011


Industry:	Apparel and Accessories

Registered Address:
140 Cheetham Hill Road
Manchester, M8 8PZ
United Kingdom

Incorporation Date:	30-May-1996
Company Type:	Private Parent
Quoted Status:	Not Quoted
Registered No.(UK):	03205716


Secretary:	Sanjeev Kumar

Contents

Industry Codes

Business Description

Financial Data

Key Corporate Relationships

Industry Codes

ANZSIC 2006 Codes:
371	-	Textile, Clothing and Footwear Wholesaling

NACE 2002 Codes:
5142	-	Wholesale of clothing and footwear

NAICS 2002 Codes:
4243	-	Apparel, Piece Goods, and Notions Merchant Wholesalers

US SIC 1987:
513	-	Apparel, Piece Goods, and Notions

UK SIC 2003:
5142	-	Wholesale of clothing and footwear

Business Description

Wholesale of garments.

Financial Data

Financials in:	GBP(mil)

Revenue:	31.5
Net Income:	0.1
Assets:	12.8
Current Assets:	10.5
Fixed Assets:	2.3
Long Term Debt:	0.6
Total Liabilities:	10.6
Issued Capital:	0.0
Working Capital:	0.5
Net Worth:	2.2

Date of Financial Data:	30-Jun-2011

1 Year Growth

16.6%

Key Corporate Relationships

Auditor:	Mitchell Charlesworth
Bank:	Hsbc Bank PLC

Auditor:	Mitchell Charlesworth

	GBP(mil)
Audit Fees:	0.0
Audit Fiscal Year:	06-30-2011

Executives Report

Board of Directors

Name

Title

Function

Sanjeev Kumar

Secretary

Director/Board Member

Age: 32

Saroj Kumar

Director

Director/Board Member

Age: 62

Bimal Kumar

Director

Director/Board Member

Age: 62

Samesh Kumar

Director

Director/Board Member

Age: 54

Executives

Name

Title

Function

Sanjeev Kumar

Secretary

Company Secretary

Age: 32

Directors and Shareholders Report

Annual Return Date: 30 May 2012

Individual Directors

Name	Status	DOB	Filed Address	Appointment Date	Resignation Date	Summary of Directorships
Bimal Kumar	Current	26 Nov 1949	140 Cheetham Hill Road, Manchester, Manchester, Greater Manchester M8 8PZ	20 Oct 2010	NA	Current:2 Previous:5 Disqualifications:0
Sanjeev Kumar	Current	04 Jul 1979	140 Cheetham Hill Road, Manchester, Manchester, Greater Manchester M8 8PZ	30 Jun 2010	NA	Current:7 Previous:1 Disqualifications:0
Rajeev Kumar	Current	29 Jun 1981	9 Weston Road, Wilmslow, Cheshire SK9 2AN	02 Aug 1996	NA	Current:3 Previous:0 Disqualifications:0
Samesh Kumar	Current	14 Feb 1958	North Mount, 50 Parson Street, London , London NW4 1QX	05 Sep 1999	NA	Current:3 Previous:4 Disqualifications:0
Saroj Kumar	Current	26 May 1950	9 Weston Road, Wilmslow, Cheshire SK9 2AN	12 May 1998	NA	Current:3 Previous:0 Disqualifications:0
Sanjeev Kumar	Previous	04 Jul 1979	140 Cheetham Hill Road, Manchester, Manchester, Greater Manchester M8 8PZ	02 Aug 1996	05 Sep 1999	Current:7 Previous:1 Disqualifications:0

Corporate Directors

Company Name	Status	Registered Address	Appointment Date	Resignation Date
Mc Formations Limited	Previous	Newfoundland Chambers, 43A Whitchurch Road, Cardiff, Cardiff CF4 3JN	30 May 1996	02 Aug 1996

Individual Secretaries

Name	Status	DOB	Filed Address	Appointment Date	Resignation Date	Summary of Directorships
Sanjeev Kumar	Current	04 Jul 1979	140 Cheetham Hill Road, Manchester, Manchester, Greater Manchester M8 8PZ	02 Aug 1996	NA	Current:7 Previous:1 Disqualifications:0

Corporate Secretaries

Company Name		Status	Registered Address				Appointment Date		Resignation Date
Crs Legal Services Limited		Previous	Newfoundland Chambers, 43A Whitchurch Road, Cardiff, Cardiff CF4 3JN				30 May 1996		02 Aug 1997



Individual Shareholders

Name	Share Details (As Reported)			Share Type	# of Shares	Share Price (GBP)		Share Value (GBP)		% of Total Shares
Rajeev Kumar	1 Ordinary GBP 1.00			Ordinary	1	1.00		1.00		50.00
Sanjeev Kumar	1 Ordinary GBP 1.00			Ordinary	1	1.00		1.00		50.00

Corporate Shareholders

There are no corporate shareholders for this company.

Annual Profit & Loss

Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)

Financial Glossary

	30-Jun-2011	30-Jun-2010	30-Jun-2009	30-Jun-2008	30-Jun-2007
Period Length	52 Weeks	52 Weeks	52 Weeks	52 Weeks	52 Weeks
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate (Period Average)	0.629106	0.633607	0.627423	0.499214	0.517836
Consolidated	No	No	No	No	No

Turnover (UK)	44.2	-	-	-	-
Turnover (Exports)	5.9	-	-	-	-
Total Turnover	50.1	42.7	30.3	-	-
Cost of Sales	42.9	-	26.1	-	-
Total Expenses	-	41.0	-	-	-
Gross Profit	7.3	-	4.3	10.2	6.2
Depreciation	0.1	0.2	0.2	0.2	0.2
Other Expenses	6.8	-	4.8	7.4	5.8
Operating Profit	-	-	-	2.8	-
Other Income	0.1	0.0	0.1	0.1	0.2
Interest Paid	0.2	0.2	0.2	0.2	0.2
Exceptional Income	0.0	0.0	0.0	0.0	0.0
Discontinued Operations	0.0	0.0	0.0	0.0	0.0
Profit Before Taxes	0.4	1.5	-0.5	2.8	0.4
Tax Payable / Credit	0.1	0.5	-0.2	1.0	0.2
Extraordinary Items/Debits	0.0	0.0	0.0	0.0	0.0
Dividends	0.2	0.2	0.3	0.0	0.0
Profit After Taxes	0.1	0.9	-0.7	1.7	0.2
Minority Interests (Profit & Loss)	0.0	0.0	0.0	0.0	0.0
Audit Fees	0.0	0.0	0.0	0.0	0.0
Number of Employees	142	151	51	46	36
Wages	3.1	2.3	1.3	2.7	1.4
Social Security Costs	0.3	0.2	0.1	0.3	0.1
Pensions	0.9	0.4	-	0.0	0.0
Other Pension Costs	0.9	0.7	0.1	0.5	0.0
Employees Remuneration	4.3	3.2	1.5	3.5	1.6
Directors Emoluments	0.5	0.3	-	1.0	0.3
Other Costs	0.0	0.0	-	0.3	0.0
Directors Remuneration	1.4	0.7	-	1.3	0.3

Annual Balance Sheet

Financials in: USD (mil)

Financial Glossary

	30-Jun-2011	30-Jun-2010	30-Jun-2009	30-Jun-2008	30-Jun-2007
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate	0.622878	0.668405	0.60722	0.502475	0.498418
Consolidated	No	No	No	No	No

Land & Buildings	3.2	3.1	3.5	3.7	2.6
Fixtures & Fittings	0.2	0.2	0.3	0.3	0.3
Plant & Vehicles	0.2	0.1	0.2	0.2	0.2
Total Tangible Fixed Assets	3.7	3.5	3.9	4.2	3.1
Intangible Assets	0.0	0.0	0.0	0.0	0.0
Investments	0.0	0.0	0.0	0.0	0.0
Total Fixed Assets	3.7	3.5	3.9	4.2	3.1
Stocks	3.5	2.3	1.6	1.3	1.8
Work in Progress	0.0	0.0	0.0	0.0	0.0
Total Stocks Work In Progress	3.5	2.3	1.6	1.3	1.8
Trade Debtors	8.4	8.6	6.2	8.8	7.0
Director Loans	-	-	0.0	0.4	0.1
Other Debtors	0.6	0.5	0.4	0.4	0.4
Total Debtors	9.0	9.0	6.6	9.5	7.5
Cash and Equivalents	4.4	2.5	1.5	3.2	2.3
Other Current Assets	0.0	0.0	0.0	0.0	0.0
Total Current Assets	16.9	13.9	9.7	14.1	11.6
Total Assets	20.6	17.4	13.7	18.3	14.7
Trade Creditors	8.3	8.5	5.5	7.6	7.7
Bank Overdraft	5.5	2.8	2.1	1.2	0.9
Director Loans (Current Liability)	0.0	0.0	0.0	-	0.0
Hire Purchase (Current Liability)	0.0	0.0	0.0	0.1	0.1
Finance Lease (Current Liability)	0.0	0.0	0.0	0.0	0.0
Total Finance Lease/Hire Purchase (Current Liability)	0.0	0.0	0.0	0.1	0.1
Accruals/Deferred Income (Current Liability)	0.4	0.4	0.2	1.2	0.6
Social Security/VAT	0.1	0.1	0.1	0.2	0.3
Corporation Tax	0.1	0.0	0.5	1.0	0.6
Other Current Liabilities	1.6	1.2	1.2	1.2	1.0
Total Current Liabilities	16.0	13.1	9.7	12.5	11.2
Group Loans (Long Term Liability)	0.0	0.0	0.0	0.0	0.0
Director Loans (Long Term Liability)	0.0	0.0	0.0	0.0	0.0
Hire Purchase (Long Term Liability)	0.2	0.1	0.2	0.2	0.2
Leasing (Long Term Liability)	0.0	0.0	0.0	0.0	0.0
Total Hire Purchase Loans (Long Term Liability)	0.2	0.1	0.2	0.2	0.2
Other Long Term Loans	0.8	0.9	1.1	1.5	1.0
Accruals/Deferred Income (Long Term Liability)	0.0	0.0	0.0	0.0	0.0
Other Long Term Liabilities	0.0	0.0	0.0	0.0	0.0
Total Long Term Liabilities	1.0	1.0	1.3	1.7	1.2
Deferred Taxation	0.0	0.0	0.0	0.0	0.0
Other Provisions	0.0	0.0	0.0	0.0	0.0
Total Provisions	0.0	0.0	0.0	0.0	0.0
Issued Capital	0.0	0.0	0.0	0.0	0.0
Share Premium Accounts	0.0	0.0	0.0	0.0	0.0
Revaluation Reserve	0.0	0.0	0.0	0.0	0.0
Retained Earnings	3.6	3.2	2.7	4.1	2.4
Other Reserves	0.0	0.0	0.0	0.0	0.0
Minority Interests (Balance Sheet)	0.0	0.0	0.0	0.0	0.0
Total Shareholders Funds	3.6	3.2	2.7	4.1	2.4
Net Worth	3.6	3.2	2.7	4.1	2.4

Annual Cash Flows

Financials in: USD (mil)

Financial Glossary

	30-Jun-2011	30-Jun-2010	30-Jun-2009	30-Jun-2008	30-Jun-2007
Period Length	52 Weeks	52 Weeks	52 Weeks	52 Weeks	52 Weeks
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate (Period Average)	0.629106	0.633607	0.627423	0.499214	0.517836
Consolidated	No	No	No	No	No

Net Cash Flow From Operating Activities	-0.2	1.8	-0.9	2.1	2.6
Net Cash Flow from ROI and Servicing of Finance	-0.1	-0.1	-0.1	-0.1	-0.1
Taxation	-0.1	-0.9	-0.1	-0.6	-0.2
Capital Expenditures	-0.2	0.0	-0.6	-1.3	-0.1
Acquisitions and Disposals	0.0	0.0	0.0	0.0	0.0
Paid Up Equity	-0.2	-0.2	-0.3	0.0	0.0
Management of Liquid Resources	0.0	0.0	-0.1	0.0	0.0
Net Cash Flow From Financing	-0.1	-0.2	0.0	0.6	-0.1
Increase in Cash	-0.9	0.3	-2.2	0.7	2.1

Annual Ratios

Financials in: USD (mil)

	30-Jun-2011	30-Jun-2010	30-Jun-2009	30-Jun-2008	30-Jun-2007
Period Length	52 Weeks	52 Weeks	52 Weeks	52 Weeks	52 Weeks
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate	0.622878	0.668405	0.60722	0.502475	0.498418
Consolidated	No	No	No	No	No

Current Ratio	1.05	1.06	1.00	1.13	1.04
Liquidity Ratio	0.83	0.88	0.83	1.02	0.88
Stock Turnover	14.31	17.40	19.19	-	-
Credit Period (Days)	60.62	77.31	72.02	-	-
Working Capital by Sales	1.69%	2.02%	0.02%	-	-
Trade Credit by Debtors	0.99	0.99	0.89	0.87	1.10
Return on Capital	8.73%	34.17%	-13.76%	47.45%	12.02%
Return on Assets	1.94%	8.39%	-3.97%	15.03%	2.90%
Profit Margin	0.79%	3.60%	-1.73%	-	-
Return on Shareholders Funds	11.20%	44.90%	-20.47%	67.54%	18.18%
Borrowing Ratio	184.68%	119.98%	130.75%	72.81%	92.90%
Equity Gearing	17.33%	18.69%	19.40%	22.25%	15.98%
Debt Gearing	28.28%	31.27%	48.62%	42.19%	50.57%
Interest Coverage	2.57	10.08	-3.46	17.68	2.36
Sales by Tangible Assets	13.59	11.73	7.95	-	-
Average Remuneration per Employee	0.0	0.0	0.0	0.1	0.0
Profit per Employee	0.0	0.0	0.0	0.1	0.0
Sales per Employee	0.4	0.3	0.6	-	-
Capital Employed per Employee	0.0	0.0	0.1	0.1	0.1
Tangible Assets per Employee	0.0	0.0	0.1	0.1	0.1
Total Assets per Employee	0.1	0.1	0.3	0.4	0.4
Employee Remuneration by Sales	8.48%	7.47%	4.94%	-	-
Creditor Days (Cost of Sales Based)	70.25	76.25	74.68	-	-
Creditor Days (Sales Based)	60.09	76.25	64.12	-	-

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.56.31
UK Pound	1	Rs.88.06
Euro	1	Rs.40.91

INFORMATION DETAILS

Report Prepared by :

PRL

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.