MIRA INFORM REPORT

Report Date :

25.05.2012

IDENTIFICATION DETAILS

Name :	SITEC WORLDWIDE LTD.

Registered Office :	48 QUEEN ANNE STREET, LONDON W1G 9JJ

Country :	United Kingdom

Financials (as on) :	31.08.2011

Date of Incorporation :	08.08.2007

Legal Form :	Private limited with Share Capital

Line of Business :	Active as trade agent for oil products and received commission

No. of Employees :	Not Available

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

REGISTERED NAME & COMPANY SUMMARY

Company Name	SITEC WORLDWIDE LTD.	Company Number	06337767
		Safe Number	UK05981034
Registered Address	48 QUEEN ANNE STREET	Trading Address	48 Queen Anne Street London W1G 9JJ
	LONDON
	W1G 9JJ
Website Address	-
Telephone Number	-	Fax Number
TPS	-	FPS	No
Incorporation Date	08/08/2007	Company Status	Active - Accounts Filed
Previous Name		Type	Private limited with Share Capital
Date of Change	-	Filing Date of Accounts	14/10/2011
		Share Capital	£1
SIC03	5119	Currency	GBP
SIC03 Description	AGENTS IN THE SALE OF A VARIETY OF GOODS
SIC07	46190
SIC07 Description	AGENTS INVOLVED IN THE SALE OF A VARIETY OF GOODS
Principal Activity	Active as trade agent for oil products and received commission. T/O = Income.

DIRECTORS/MANAGEMENT

Total Current Directors	2
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	0

Current Directors

Name	FYNEL LIMITED	Date of Birth	-
Officers Title		Nationality	Cypriot
Present Appointments	337	Function	Director
Appointment Date	08/08/2007
Address	9 Zinonos Kitieos Street, Office 3, Nicosia,
Other Actions	View Director Report	View Consumer Report	View Trace Report

Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Danny Banger	Date of Birth	21/05/1980
Officers Title	Mr	Nationality
Present Appointments	281	Function	Director
Appointment Date	27/09/2008
Address	Apt. 7 44 Rathmines Road Upper, Rathmines, Dublin,
Other Actions	View Director Report	View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Current Company Secretary

Name	STARWELL INTERNATIONAL LTD	Date of Birth	-
Officers Title		Nationality	British
Present Appointments	238	Function	Company Secretary
Appointment Date	08/08/2007
Address	P.o.box 853 Springates East, Government Road, Charlestown,

Previous Director/Company Secretaries

No Previous Director Details

NEGATIVE INFORMATION

Commentary

No exact match CCJs are recorded against the company.
There has been no significant change in the company's credit rating.
Sales in the latest trading period increased 0.1% on the previous trading period.
Net Worth increased by 23.7% during the latest trading period.
A 11.2% growth in Total Assets occurred during the latest trading period.
Pre-tax profits increased by 0.4% compared to the previous trading period.
The company saw an increase in their Cash Balance of 30.8% during the latest trading period.
The company is exempt from audit.
No recent changes in directorship are recorded.
The company is not part of a group.
The company was established over 4 years ago.

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 -	-

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

Exact CCJ Details

No CCJs found

Possible CCJs Details

There are no possible CCJ details

Writ Details

No writs found

SHARE & SHARE CAPITAL INFORMATION

Top 20 Shareholders

Name	Individual Share Value
STARWELL INTERNATIONAL LTD	1 ORDINARY GBP 1.00

PAYMENT INFORMATION

Creditor Details

No Creditor Data

Total Value

Trade Debtors / Bad Debt Detail

No Debtor Data

Total Value

GROUP STRUCTURE & AFFILIATED COMPANIES

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group structure

No group structure

Group	0 companies
Linkages	0 companies
Countries	In 0 countries

FINANCIAL INFORMATION

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder Funds	Employees
31/08/2011	£1,980	£480	£1,808	-
31/08/2010	£1,978	£478	£1,462	-
31/08/2009	£1,993	£493	£604	-

Profit & Loss

Date Of Accounts	31/08/11	(%)	31/08/10	(%)	31/08/09	(%)	31/08/08	(%)	-
Weeks	52	(%)	52	(%)	52	(%)	56	(%)	-
Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	-
Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	-
Turnover	£1,980	0.1%	£1,978	-0.8%	£1,993	7.4%	£1,855	-	-
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-
Wages & Salaries	£700	-	£700	-	£700	-	-	-	-
Directors Emoluments	£700	-	£700	-	£700	-	£700	-	-
Operating Profit	-	-	-	-	-	-	£355	-	-
Depreciation	-	-	-	-	-	-	-	-	-
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	£480	0.4%	£478	-3%	£493	38.9%	£355	-	-
Taxation	-£134	-	-£134	2.9%	-£138	-29%	-£107	-	-
Profit After Tax	£346	0.6%	£344	-3.1%	£355	43.1%	£248	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	£346	0.6%	£344	-3.1%	£355	43.1%	£248	-	-

Balance Sheet

Date Of Accounts	31/08/11	(%)	31/08/10	(%)	31/08/09	(%)	31/08/08	(%)	-
Tangible Assets	0	-	0	-	0	-	0	-	-
Intangible Assets	0	-	0	-	0	-	0	-	-
Total Fixed Assets	0	-	0	-	0	-	0	-	-
Stock	0	-	0	-	0	-	0	-	-
Trade Debtors	£1,980	0.1%	£1,978	-0.8%	£1,993	7.4%	£1,856	-	-
Cash	£1,462	30.8%	£1,118	349%	£249	-	0	-	-
Other Debtors	0	-	0	-	0	-	0	-	-
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	-
Total Current Assets	£3,442	11.2%	£3,096	38.1%	£2,242	20.8%	£1,856	-	-
Trade Creditors	£1,634	-	£1,634	-0.2%	£1,638	1.9%	£1,607	-	-
Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	-
Other Short Term Finance	0	-	0	-	0	-	0	-	-
Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	-
Total Current Liabilities	£1,634	-	£1,634	-0.2%	£1,638	1.9%	£1,607	-	-
Bank Loans & Overdrafts and LTL	0	-	0	-	0	-	0	-	-
Other Long Term Finance	0	-	0	-	0	-	0	-	-
Total Long Term Liabilities	0	-	0	-	0	-	0	-	-

Capital & Reserves

Date Of Accounts	31/08/11	(%)	31/08/10	(%)	31/08/09	(%)	31/08/08	(%)	-
Called Up Share Capital	£1	-	£1	-	£1	-	£1	-	-
P & L Account Reserve	£1,807	23.7%	£1,461	142.3%	£603	143.1%	£248	-	-
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	£1,808	23.7%	£1,462	142.1%	£604	142.6%	£249	-	-

Other Financial Items

Date Of Accounts	31/08/11	(%)	31/08/10	(%)	31/08/09	(%)	31/08/08	(%)	-
Net Worth	£1,808	23.7%	£1,462	142.1%	£604	142.6%	£249	-	-
Working Capital	£1,808	23.7%	£1,462	142.1%	£604	142.6%	£249	-	-
Total Assets	£3,442	11.2%	£3,096	38.1%	£2,242	20.8%	£1,856	-	-
Total Liabilities	£1,634	-	£1,634	-0.2%	£1,638	1.9%	£1,607	-	-
Net Assets	£1,808	23.7%	£1,462	142.1%	£604	142.6%	£249	-	-

Cash Flow

Date Of Accounts	31/08/11	(%)	31/08/10	(%)	31/08/09	(%)	31/08/08	(%)	-
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	31/08/11	(%)	31/08/10	(%)	31/08/09	(%)	31/08/08	(%)	-
Contingent Liability	NO	-	NO	-	NO	-	NO	-	-
Capital Employed	£1,808	23.7%	£1,462	142.1%	£604	142.6%	£249	-	-
Number of Employees	-	-	-	-	-	-	-	-	-
Auditors
Auditor Comments	The company is exempt from audit
Bankers
Bank Branch Code

Ratios

Date Of Accounts	31/08/11	31/08/10	31/08/09	31/08/08	-
Pre-tax profit margin %	24.24	24.17	24.74	19.14	-
Current ratio	2.11	1.89	1.37	1.15	-
Sales/Net Working Capital	1.10	1.35	3.30	7.45	-
Gearing %	0	0	0	0	-
Equity in %	52.50	47.20	26.90	13.40	-
Creditor Days	300.39	300.69	299.16	339.59	-
Debtor Days	364	364	364	392.21	-
Liquidity/Acid Test	2.10	1.89	1.36	1.15	-
Return On Capital Employed %	26.54	32.69	81.62	142.57	-
Return On Total Assets Employed %	13.94	15.43	21.98	19.12	-
Current Debt Ratio	0.90	1.11	2.71	6.45	-
Total Debt Ratio	0.90	1.11	2.71	6.45	-
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	26.54	32.69	81.62	142.57	-

FOREIGN EXCHANGE RATES

ADDITIONAL INFORMATION

Mortgage Summary

Outstanding	0
Satisfied	0

Status History

No Status History found

Event History

Date	Description
26/10/2011	New Accounts Filed	View Document
03/09/2011	Annual Returns	View Document
14/01/2011	New Accounts Filed	View Document
14/01/2011	New Accounts Filed	View Document
06/09/2010	Annual Returns	View Document
31/05/2010	New Accounts Filed	View Document
31/05/2010	New Accounts Filed	View Document
15/09/2009	Annual Returns	View Document
29/04/2009	New Board Member Mr D. Banger appointed	View Document
27/02/2009	New Board Member Mr D. Banger appointed	View Document
11/02/2009	New Board Member Mr D. Banger appointed	View Document
24/12/2008	New Accounts Filed	View Document
16/09/2008	Annual Returns	View Document
13/08/2007	New Company Secretary ( STARWELL INTERNATIONAL LTD.) appointed	View Document
13/08/2007	New Board Member ( FYNEL LIMITED) appointed	View Document

NOTES & COMMENTS

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.56.28
UK Pound	1	Rs.88.25
Euro	1	Rs.70.81

INFORMATION DETAILS

Report Prepared by :

PDT

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.