MIRA INFORM REPORT

Report Date :

08.01.2014

IDENTIFICATION DETAILS

Name :	UNITY TRADE CAPITAL LTD

Registered Office :	7 Truro Road Wood Green London, N22 8EH

Country :	United Kingdom

Financials (as on) :	30.06.2012

Date of Incorporation :	02.06.2003

Com. Reg. No.:	04784580

Legal Form :	Private Independent

Line of Business :	International trade and commodity finance

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

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 :	Unknown
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, 2013

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

United Kingdom

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 second largest economy in Europe after Germany. 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 aimed 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 21% by 2014. The Bank of England (BoE) implemented an asset purchase program of up to £375 billion (approximately $605 billion) as of December 2012. 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). In 2012, weak consumer spending and subdued business investment weighed on the economy. GDP fell 0.1%, and the budget deficit remained stubbornly high at 7.7% of GDP. Public debt continued to increase

Source : CIA

company name and address

UNITY TRADE CAPITAL LTD

7 Truro Road

Wood Green

London, N22 8EH

United Kingdom

(Registered Address)

Map

Employees:	NA
Company Type:	Private Independent

Quoted Status:	Non-quoted Company
Incorporation Date:	02-Jun-2003
Auditor:	Brm Accountants



Fiscal Year End:	30-Jun-2012
Reporting Currency:	British Pound Sterling
Annual Sales:	0.0 ¹
Net Income:	0.0
Total Assets:	0.0

Business Description

International trade and commodity finance.

Industry

Industry	Banking
ANZSIC 2006:	6221 - Banking
ISIC Rev 4:	6419 - Other monetary intermediation
NACE Rev 2:	6419 - Other monetary intermediation
NAICS 2012:	522 - Credit Intermediation and Related Activities
UK SIC 2007:	6419 - Other monetary intermediation
US SIC 1987:	602 - Commercial Banks

Key Executives

Name	Title
Gita Biswas	Secretary
Sukhendu Bhowmik	Director

Financial Summary

FYE: 30-Jun-2012

USD (mil)

Key Figures
Current Assets	0.0027
Fixed Assets	0.0010
Total Liabilities	0.03
Net Worth	-0.05

Key Ratios
Current Ratio	0.09
Acid Test	0.09
Debt Gearing	-44.10

Registered No.(UK): 04784580

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6313531

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6452901

Corporate Overview

Location
7 Truro Road
Wood Green
London, N22 8EH
London County
United Kingdom

Suggest Company URL

Sales GBP(mil):	0.0
Assets GBP(mil):	0.0
Employees:	NA
Fiscal Year End:	30-Jun-2012



Industry:	Commercial Banks

Incorporation Date:	02-Jun-2003
Company Type:	Private Independent
Quoted Status:	Not Quoted
Registered No.(UK):	04784580


Director:	Sukhendu Bhowmik

Industry Codes

ANZSIC 2006 Codes:
6221	-	Banking

ISIC Rev 4 Codes:
6419	-	Other monetary intermediation

NACE Rev 2 Codes:
6419	-	Other monetary intermediation

NAICS 2012 Codes:
522	-	Credit Intermediation and Related Activities

US SIC 1987:
602	-	Commercial Banks

UK SIC 2007:
6419	-	Other monetary intermediation

Business Description

International trade and commodity finance.

Financial Data

Financials in:	GBP(mil)

Revenue:	0.0
Net Income:	0.0
Assets:	0.0
Current Assets:	0.0
Fixed Assets:	0.0
Long Term Debt:	0.0
Total Liabilities:	0.0
Issued Capital:	0.0
Working Capital:	0.0
Net Worth:	0.0

Date of Financial Data:	30-Jun-2012

1 Year Growth

Key Corporate Relationships

Auditor:	Brm Accountants

Auditor:	Brm Accountants

Auditor History
Brm Accountants	30-Jun-2012
Brm Accountants	30-Jun-2011
Brm Accountants	30-Jun-2010
Brm Accountants	30-Jun-2008

Executives Report

Board of Directors

Name

Title

Function

Sukhendu Bhowmik

Director

Director/Board Member

Age: 57

Executives

Name

Title

Function

Gita Biswas

Secretary

Company Secretary

Age: 46

Directors and Shareholders Report

Individual Directors

Name	Status	DOB	Filed Address	Appointment Date	Resignation Date	Summary of Directorships
Sukhendu Bhowmik	Current	01 Nov 1956	7 Truro Road, Wood Green, London N22 8EH	26 Sep 2003	NA	Current:1 Previous:0 Disqualifications:0
Rajesh Malik	Previous	09 Feb 1962	A-2/101 Gangotri Bangur Nagar, Goregaon (W) Mumbai, Maharashtra, 400 090	20 Jan 2004	20 May 2004	Current:0 Previous:1 Disqualifications:0
Sanjay Kumar Sinha	Previous	10 Jan 1963	703 Joaquim S Palm Avenue, Amboli Andheri (W) Mumbai, Maharashtra	20 Jan 2004	10 May 2004	Current:1 Previous:1 Disqualifications:0

Corporate Directors

Company Name	Status	Registered Address	Appointment Date	Resignation Date
Hanover Directors Limited	Previous	44 Upper Belgrave Road, Bristol, Bristol, Avon BS8 2XN	02 Jun 2003	10 Sep 2003

Individual Secretaries

Name	Status	DOB	Filed Address	Appointment Date	Resignation Date	Summary of Directorships
Gita Biswas	Current	01 Mar 1967	Flat 2 Maurice Court, Newnham Road, Wood Green, London N22 5ST	26 Sep 2003	NA	Current:1 Previous:0 Disqualifications:0

Corporate Secretaries

Company Name	Status	Registered Address	Appointment Date	Resignation Date
Hcs Secretarial Limited	Previous	44 Upper Belgrave Road, Clifton, Bristol, Avon BS8 2XN	02 Jun 2003	10 Sep 2003

Individual Shareholders

Name	Share Details (As Reported)	Share Type	# of Shares	Share Price (GBP)	Share Value (GBP)	% of Total Shares
Sukhendu Bhowmik	2 Ordinary GBP 1.00	Ordinary	2	1.00	2.00	100.00

Corporate Shareholders

There are no corporate shareholders for this company.

Annual Profit & Loss

	30-Jun-2012	30-Jun-2011	30-Jun-2010	30-Jun-2009	30-Jun-2008
Period Length	52 Weeks	52 Weeks	52 Weeks	52 Weeks	52 Weeks
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate (Period Average)	0.631353	0.629106	0.633607	0.627423	0.499214
Consolidated	No	No	No	No	No

Turnover (UK)	0.0	-	-	-	-
Turnover (Exports)	0.0	-	-	-	-
Total Turnover	0.0	0.1	0.1	-	0.1
Cost of Sales	0.0	0.1	0.1	-	0.1
Gross Profit	0.0	0.0	0.0	-	0.0
Depreciation	0.0	0.0	0.0	0.0	0.0
Other Expenses	0.0	0.0	0.0	-	0.0
Operating Profit	-	-	0.0	-	0.0
Other Income	0.0	0.0	0.0	-	0.0
Interest Paid	0.0	0.0	0.0	-	0.2
Exceptional Income	0.0	0.0	0.0	-	0.0
Profit Before Taxes	0.0	0.0	0.0	-	-0.2
Tax Payable / Credit	0.0	0.0	0.0	-	0.0
Extraordinary Items/Debits	0.0	0.0	0.0	-	0.0
Dividends	0.0	0.0	0.0	-	0.0
Profit After Taxes	0.0	0.0	0.0	-	-0.2
Minority Interests (Profit & Loss)	0.0	0.0	0.0	-	0.0

Annual Balance Sheet

Financials in: USD (mil)

	30-Jun-2012	30-Jun-2011	30-Jun-2010	30-Jun-2009	30-Jun-2008
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate	0.64529	0.622878	0.668405	0.60722	0.502475
Consolidated	No	No	No	No	No

Land & Buildings	0.0	0.0	0.0	-	0.0
Fixtures & Fittings	0.0	0.0	0.0	-	0.0
Plant & Vehicles	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
Trade Debtors	0.0	0.0	-	-	-
Inter-Company Debtors	0.0	0.0	-	-	-
Director Loans	0.0	0.0	-	-	-
Other Debtors	0.0	0.0	0.0	-	0.0
Total Debtors	0.0	0.0	0.0	0.0	0.0
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	0.0	0.0	0.0	0.0	0.0
Total Assets	0.0	0.0	0.0	0.0	0.0
Bank Overdraft	0.0	0.0	0.0	-	0.0
Social Security/VAT	-	0.0	0.0	-	-
Other Current Liabilities	0.0	0.0	0.1	0.1	0.1
Total Current Liabilities	0.0	0.0	0.1	0.1	0.1
Group Loans (Long Term Liability)	0.0	0.0	0.0	-	0.0
Director Loans (Long Term Liability)	0.0	0.0	0.0	-	0.0
Hire Purchase (Long Term Liability)	0.0	0.0	0.0	-	0.0
Leasing (Long Term Liability)	0.0	0.0	0.0	-	0.0
Total Hire Purchase Loans (Long Term Liability)	0.0	0.0	0.0	-	0.0
Other Long Term Loans	0.0	0.0	0.0	-	0.0
Accruals/Deferred Income (Long Term Liability)	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	-0.1	-0.1	-0.1	-0.1	-0.1
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	-0.1	-0.1	-0.1	-0.1	-0.1
Net Worth	-0.1	-0.1	-0.1	-0.1	-0.1

Annual Cash Flows

Financials in: USD (mil)

	30-Jun-2012	30-Jun-2011	30-Jun-2010	30-Jun-2009	30-Jun-2008
Period Length	52 Weeks	52 Weeks	52 Weeks	52 Weeks	52 Weeks
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate (Period Average)	0.631353	0.629106	0.633607	0.627423	0.499214
Consolidated	No	No	No	No	No

Annual Ratios

Financials in: USD (mil)

	30-Jun-2012	30-Jun-2011	30-Jun-2010	30-Jun-2009	30-Jun-2008
Period Length	52 Weeks	52 Weeks	52 Weeks	52 Weeks	52 Weeks
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate	0.64529	0.622878	0.668405	0.60722	0.502475
Consolidated	No	No	No	No	No

Current Ratio	0.09	0.10	0.46	0.03	0.17
Liquidity Ratio	0.09	0.10	0.46	0.03	0.17
Working Capital by Sales	-	-3,860.00%	-3,679.00%	-	-12,511.00%
Return on Assets	-2,477.00%	27,753.00%	8,947.00%	-	-63,589.00%
Profit Margin	-	1,580.00%	2,882.00%	-	-18,537.00%
Borrowing Ratio	-5,946.00%	-6,057.00%	-4,909.00%	-	-2,396.00%
Equity Gearing	-135,805.00%	-118,770.00%	-17,115.00%	-232,258.00%	-52,359.00%
Debt Gearing	-44.10%	-44.92%	-35.18%	-	-19.82%
Interest Coverage	-	-	-	-	-108.00
Sales by Tangible Assets	-	7,322.00	9,427.00	-	3,661.00

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.38
UK Pound	1	Rs.102.25
Euro	1	Rs.84.97

INFORMATION DETAILS

Report Prepared by :

NIS

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%)