MIRA INFORM REPORT

Report Date :

01.10.2012

IDENTIFICATION DETAILS

Name :	SONAGOLD LTD.
Registered Office :	1st Floor 37 Panton Street London, SW1Y 4EA
Country :	United Kingdom
Financials (as on) :	31.08.2011
Date of Incorporation :	23.04.2002
Com. Reg. No.:	04422234
Legal Form :	Private Independent
Line of Business :	Other business activities not elsewhere classified
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ca

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 :	Moderate
Payment Behaviour :	Slow
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 – June 30^th, 2012

Country Name	Previous Rating (31.03.2011)	Current Rating (30.06.2012)
United Kingdom	A1	A1

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

UNITED KINGDOM - ECONOMIC OVERVIEW

The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Over the past two decades, the government has greatly reduced public ownership and contained the growth of social welfare programs. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining and the UK became a net importer of energy in 2005. Services, particularly banking, insurance, and business services, account by far for the largest proportion of GDP while industry continues to decline in importance. After emerging from recession in 1992, Britain's economy enjoyed the longest period of expansion on record during which time growth outpaced most of Western Europe. In 2008, however, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Sharply declining home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets; these include nationalizing parts of the banking system, temporarily cutting taxes, suspending public sector borrowing rules, and moving forward public spending on capital projects. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated a five-year austerity program, which aims to lower London's budget deficit from over 10% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 because of slower-than-expected economic growth and the impact of the euro-zone debt crisis. The CAMERON government raised the value added tax from 17.5% to 20% in 2011. It has pledged to reduce the corporation tax rate to 23% by 2015. The Bank of England (BoE) implemented an asset purchase program of up to £325 billion (approximately $525 billion) as of February 2011. During times of economic crisis, the BoE coordinates interest rate moves with the European Central Bank, but Britain remains outside the European Economic and Monetary Union (EMU).

Source : CIA

Company name and address

Top of Form

Bottom of Form

Sonagold Ltd.

1st Floor

37 Panton Street

London, SW1Y 4EA

United Kingdom

Suggest Company URL

Employees:	NA
Company Type:	Private Independent
Quoted Status:	Non-quoted Company
Incorporation Date:	23-Apr-2002

Financials in:	USD (mil)
Fiscal Year End:	31-Aug-2011
Reporting Currency:	US Dollar
Annual Sales:	NA
Total Assets:	0.4

Industry

Industry	Business Services
ANZSIC 2006:	6999 - Other Professional, Scientific and Technical Services Not Elsewhere Classified
NACE 2002:	7487 - Other business activities not elsewhere classified
NAICS 2002:	5619 - Other Support Services
UK SIC 2003:	7487 - Other business activities not elsewhere classified
UK SIC 2007:	8299 - Other business support service activities n.e.c.
US SIC 1987:	7389 - Business Services, Not Elsewhere Classified

Key Executives

Name	Title
Somdev Gupta	Director

Financial Summary

FYE: 31-Aug-2011

USD (mil)

Key Figures
Current Assets	0.40
Fixed Assets	0.0000
Total Liabilities	0.36
Net Worth	0.04

Key Ratios
Current Ratio	1.11
Acid Test	1.11

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

Corporate Overview

Location
1st Floor
37 Panton Street
London, SW1Y 4EA
London County
United Kingdom

Suggest Company URL

Sales USD(mil):	NA
Assets USD(mil):	0.4
Employees:	NA
Fiscal Year End:	31-Aug-2011

Industry:	Business Services

Registered Address:
1St Floor
37 Panton Street
London, SW1Y 4EA
United Kingdom

Incorporation Date:	23-Apr-2002
Company Type:	Private Independent
Quoted Status:	Not Quoted
Registered No.(UK):	04422234

Director:	Somdev Gupta

Contents Industry Codes Financial Data Gazette Status

Industry Codes

ANZSIC 2006 Codes:
6999	-	Other Professional, Scientific and Technical Services Not Elsewhere Classified

NACE 2002 Codes:
7487	-	Other business activities not elsewhere classified

NAICS 2002 Codes:
5619	-	Other Support Services

US SIC 1987:
7389	-	Business Services, Not Elsewhere Classified

UK SIC 2003:
7487	-	Other business activities not elsewhere classified

UK SIC 2007:
8299	-	Other business support service activities n.e.c.

Financial Data

Financials in:	USD(mil)
Assets:	0.4
Current Assets:	0.4
Fixed Assets:	0.0
Long Term Debt:	0.0
Total Liabilities:	0.4
Issued Capital:	NaN
Working Capital:	0.0
Net Worth:	0.0
Date of Financial Data:	31-Aug-2011

1 Year Growth

2.4%

Gazette Status

Description	Action Date	Publication	Publication Date
Striking Off Notice Discontinued	01-Sep-2011	Companies House	01-Sep-2011
Striking Off Notice	24-Aug-2011	Companies House	30-Aug-2011

Executives Report

Board of Directors

Name	Title	Function
Somdev Gupta	Director	Director/Board Member
Age: 41

directors and Shareholders Report

Annual Return Date: 01 Dec 2011

Individual Directors
Name	Status	DOB	Filed Address	Appointment Date	Resignation Date	Summary of Directorships
Somdev Gupta	Current	01 Jul 1971	1St Floor, 37 Panton Street, London , London SW1Y 4EA	01 Jan 2010	NA	Current:1 Previous:0 Disqualifications:0
Dipak Sen Gupta	Previous	24 Sep 1946	674 Finchley Road, London , London NW11 7NP	17 Jun 2002	10 Sep 2004	Current:1 Previous:1 Disqualifications:0
Tanmay Chakrabarty	Previous	04 Sep 1970	24 Nagornyi Bulvar, Moscow, South West	16 Feb 2004	01 Mar 2007	Current:0 Previous:1 Disqualifications:0
Souleymane Soumahoro	Previous	01 Jan 1969	Unit 6 Nice Business Park, Sylvan Grove, Peckham, London SE15 1PD	01 Dec 2008	01 Jan 2010	Current:4 Previous:1 Disqualifications:0
Somdev Gupta	Previous	01 Jul 1971	21 Old Vijay Nagar Colony, Agra, U P	01 Mar 2007	01 Dec 2008	Current:0 Previous:1 Disqualifications:0
Hetti Samanala	Previous	06 Oct 1967	18/1 Gunananda Road, Panapuri	16 Feb 2004	01 Mar 2007	Current:0 Previous:1 Disqualifications:0

Corporate Directors
Company Name	Status	Registered Address	Appointment Date	Resignation Date
Total Company Formations Limited	Previous	16-18 Woodford Road, London , London E7 0HA	23 Apr 2002	21 Jun 2002

Individual Secretaries

There are no individual secretaries for this company.

Corporate Secretaries
Company Name	Status	Registered Address	Appointment Date	Resignation Date
Rkg Trustee Services Limited	Current	37 Panton Street, London , London SW1Y 4EA	01 Dec 2009	NA
Primechance Limited	Previous	Fifth Floor Kingmaker House Station Road, Barnet, Hertfordshire EN5 1NZ	10 Feb 2003	01 Mar 2007
Total Company Secretaries Limited	Previous	16-18 Woodford Road, London , London E7 0HA	23 Apr 2002	21 Jun 2002
Rkg Consulting Limited	Previous	37 Panton Street, London , London SW1Y 4EA	01 Mar 2007	01 Dec 2009

Individual Shareholders
Name	Share Details (As Reported)	Share Type	# of Shares	Share Price (GBP)	Share Value (GBP)	% of Total Shares
Somdev Gupta	100 Ordinary GBP 1.00	Ordinary	100	1.00	100.00	100.00

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

	31-Aug-2011	31-Aug-2010	31-Aug-2009	31-Aug-2008	31-Aug-2007
Period Length	52 Weeks	52 Weeks	52 Weeks	52 Weeks	52 Weeks
Filed Currency	USD	USD	USD	USD	GBP
Exchange Rate (Period Average)	1	1	1	1	0.510995
Consolidated	No	No	No	No	No

Annual Balance Sheet

Financials in: USD (mil)

Financial Glossary

	31-Aug-2011	31-Aug-2010	31-Aug-2009	31-Aug-2008	31-Aug-2007
Filed Currency	USD	USD	USD	USD	GBP
Exchange Rate	1	1	1	1	0.495774
Consolidated	No	No	No	No	No
Land & Buildings	0.0	0.0	0.0	0.0	0.0
Fixtures & Fittings	0.0	0.0	0.0	0.0	0.0
Plant & Vehicles	0.0	0.0	0.0	0.0	0.0
Total Tangible Fixed Assets	0.0	0.0	0.0	0.0	0.0
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	0.0	0.0	0.0	0.0	0.0
Stocks	0.0	0.0	0.0	0.0	0.0
Work in Progress	0.0	0.0	0.0	0.0	0.0
Total Stocks Work In Progress	0.0	0.0	0.0	0.0	0.0
Total Debtors	0.4	0.4	0.4	0.2	0.2
Cash and Equivalents	0.0	0.0	0.0	0.0	0.0
Other Current Assets	0.0	0.0	0.0	0.0	0.0
Total Current Assets	0.4	0.4	0.4	0.2	0.2
Total Assets	0.4	0.4	0.4	0.2	0.2
Other Current Liabilities	0.4	0.3	0.4	0.2	0.2
Total Current Liabilities	0.4	0.3	0.4	0.2	0.2
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)	0.0	0.0	0.0	0.0	0.0
Leasing (Long Term Liability)	0.0	0.0	0.0	0.0	0.0
Total Hire Purchase Loans (Long Term Liability)	0.0	0.0	0.0	0.0	0.0
Other Long Term Loans	0.0	0.0	0.0	0.0	0.0
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	0.0	0.0	0.0	0.0	0.0
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	0.0	0.0	0.0	0.0	0.0
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	0.0	0.0	0.0	0.0	0.0
Net Worth	0.0	0.0	0.0	0.0	0.0

Annual Cash Flows

Financials in: USD (mil)

Financial Glossary

	31-Aug-2011	31-Aug-2010	31-Aug-2009	31-Aug-2008	31-Aug-2007
Period Length	52 Weeks	52 Weeks	52 Weeks	52 Weeks	52 Weeks
Filed Currency	USD	USD	USD	USD	GBP
Exchange Rate (Period Average)	1	1	1	1	0.510995
Consolidated	No	No	No	No	No

Annual Ratios

Financials in: USD (mil)

	31-Aug-2011	31-Aug-2010	31-Aug-2009	31-Aug-2008	31-Aug-2007
Period Length	52 Weeks	52 Weeks	52 Weeks	52 Weeks	52 Weeks
Filed Currency	USD	USD	USD	USD	GBP
Exchange Rate	1	1	1	1	0.495774
Consolidated	No	No	No	No	No
Current Ratio	1.11	1.11	1.06	1.12	1.07
Liquidity Ratio	1.11	1.11	1.06	1.12	1.07
Equity Gearing	8.87%	8.16%	6.10%	8.74%	6.57%

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.52.69
UK Pound	1	Rs.85.71
Euro	1	Rs.68.15

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%)

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.