MIRA INFORM REPORT

Report Date :

06.05.2014

IDENTIFICATION DETAILS

Name :	MAHARAJA TEXTILES LIMITED
Registered Office :	Maharaja Buildings Cemetery Road Bradford BD8 9RY
Country :	United Kingdom
Financials (as on) :	30.09.2012
Date of Incorporation :	28.06.2013
Com. Reg. No.:	02837030
Legal Form :	Private limited with Share Capital
Line of Business :	Wholesale of textiles
No. of Employees	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
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, 2014

Country Name	Previous Rating (31.12.2013)	Current Rating (31.03.2014)
United Kingdom	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderate Low Risk	B1
Moderate Risk	B2
Moderate High Risk	C1
High Risk	C2
Very High Risk	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. 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, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output. 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. Falling 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 included 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 about 11% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 largely due to 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 £375 billion (approximately $605 billion) as of December 2013. 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, however, in 2013 GDP grew 1.4%, accelerating unexpectedly in the second half of the year because of greater consumer spending and a recovering housing market. The budget deficit is falling but remains high at nearly 7% and public debt has continued to increase

Source : CIA

Company name and address

MAHARAJA TEXTILES LIMITED

REGISTERED ADDRESS:

MAHARAJA BUILDINGS

CEMETERY ROAD

BRADFORD

BD8 9RY

Summary

Company Name	MAHARAJA TEXTILES LIMITED	Company Number	02837030
		Safe Number	UK02497508
Registered Address	MAHARAJA BUILDINGS CEMETERY ROAD BRADFORD BD8 9RY	Trading Address	Maharaja Buildings 36 Cemetery Road Bradford West Yorkshire BD8 9RY
Website Address	http://www.maharajatextiles.co.uk
Telephone Number	01274493441
TPS	No
Incorporation Date	16/07/1993	Company Status	Active - Accounts Filed
Previous Name		Type	Private limited with Share Capital
Date of Change	-	Filing Date of Accounts	28/06/2013
		Share Capital	£32,137
SIC03	5141	Currency	GBP
SIC03 Description	Wholesale of textiles
SIC07	46410
SIC07 Description	WHOLESALE OF TEXTILES
Principal Activity	The importing and wholesale of textile goods.

Accounts Due Date 30/06/2014

Commentary

No exact match CCJs are recorded against the company.
There is insufficient data to indicate a change in this company's percentage of sales.
Net Worth decreased by 3.9% during the latest trading period.
A 4.2% growth in Total Assets occurred during the latest trading period.
There is insufficient data to indicate a change in this company's pre-tax profit.
The company saw an increase in their Cash Balance of 636.2% during the latest trading period.
The audit report contains no adverse comments.
No recent changes in directorship are recorded.
The company is not part of a group.
The movement in accumulated earnings would indicate that the company incurred a loss after tax and other appropriations, including dividends.
The company was established over 20 years ago.

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder Funds	Employees
30/09/2012	-	-	£2,401,445	-
30/09/2011	-	-	£2,500,150	-
30/09/2010	-	-	£2,797,989	-

Payment Information Summary

Days Beyond Terms

Trend Indicator

6	16
Company DBT	UK Average DBT

Steady

Improving Worsening

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade Debtors / Bad Debt -	4
Total Value of Documented Trade Debtors / Bad Debt -	£89,168

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

Mortgage Summary

Outstanding	3
Satisfied	4

Total Current Directors	3
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	3

Current Directors

Name	Manmohan Singh	Date of Birth	10/09/1959
Officers Title		Nationality	British
Present Appointments	4	Function	Director
Appointment Date	16/07/1993
Address	Tudor Lodge, Ling Lane, Scarcroft, Leeds, LS14 3HX
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Ravinder Singh	Date of Birth	17/06/1983
Officers Title	Mr	Nationality	British
Present Appointments	3	Function	Director
Appointment Date	05/10/2009
Address	Tudor Lodge Ling Lane, Scarcroft, Leeds, West Yorkshire, LS14 3HX
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Parminder Kaur	Date of Birth	15/06/1959
Officers Title	Mrs	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	05/10/2009
Address	Tudor Lodge Ling Lane, Scarcroft, Leeds, LS14 3HX
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Current Company Secretary

Name	Manmohan Singh	Date of Birth	10/09/1959
Officers Title		Nationality	British
Present Appointments	4	Function	Company Secretary
Appointment Date	16/07/1993
Address	Tudor Lodge, Ling Lane, Scarcroft, Leeds, LS14 3HX
Other Actions		View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
MR MANMOHAN SINGH	GBP	25,000	ORDINARY A	1	77.79
MR JASVINDER PAL SINGH	GBP	7,137	ORDINARY B	1	22.21

Profit & Loss

	Date Of Accounts	30/09/12	(%)	30/09/11	(%)	30/09/10	(%)	30/09/09	(%)	30/09/08
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
	Turnover	-	-	-	-	-	-	£5,043,046	-37%	£8,010,360
	Export	-	-	-	-	-	-	-	-	-
	Cost of Sales	-	-	-	-	-	-100%	£3,763,224	-43.9%	£6,706,645
	Gross Profit	-	-	-	-	-	-	£1,279,822	-1.8%	£1,303,715
	Wages & Salaries	-	-	-	-	-	-	£817,242	8%	£756,981
	Directors Emoluments	-	-	-	-	-	-	£196,130	-0.4%	£196,849
	Operating Profit	-	-	-	-	-	-	-£80,947	-362.8%	£30,805
	Depreciation	£18,636	7.8%	£17,292	-40%	£28,820	-17.5%	£34,930	-60.6%	£88,579
	Audit Fees	-	-	-	-	-	-	£13,577	-32%	£19,971
	Interest Payments	-	-	-	-	-	-	£216,277	-9.4%	£238,722
	Pre Tax Profit	-	-	-	-	-	-	-£229,504	-10.4%	-£207,917
	Taxation	-	-	-	-	-	-	£12,180	-89.4%	£115,418
	Profit After Tax	-	-	-	-	-	-	-£217,324	-134.9%	-£92,499
	Dividends Payable	-	-	-	-	-	-	-	-100%	£190,000
	Retained Profit	-	-	-	-	-	-	-£217,324	23.1%	-£282,499

Balance Sheet

	Date Of Accounts	30/09/12	(%)	30/09/11	(%)	30/09/10	(%)	30/09/09	(%)	30/09/08
	Tangible Assets	£2,104,157	0.1%	£2,102,542	-0.9%	£2,122,115	-0.5%	£2,132,876	-1.6%	£2,167,806
	Intangible Assets	0	-	0	-	0	-	0	-	0
	Total Fixed Assets	£2,104,157	0.1%	£2,102,542	-0.9%	£2,122,115	-0.5%	£2,132,876	-1.6%	£2,167,806
	Stock	£2,341,909	-15.9%	£2,783,943	1.1%	£2,754,331	15.5%	£2,385,473	-14.5%	£2,790,169
	Trade Debtors	£3,012,119	-1.9%	£3,070,365	13.7%	£2,699,440	-1.4%	£2,737,242	-18.4%	£3,355,417
	Cash	£966,996	636.2%	£131,358	44.6%	£90,814	-73.5%	£342,872	19.3%	£287,476
	Other Debtors	0	-	0	-	0	-	0	-100%	£334,108
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£6,321,024	5.6%	£5,985,666	8%	£5,544,585	1.4%	£5,465,587	-19.2%	£6,767,170
	Trade Creditors	£5,190,960	12%	£4,634,840	21.3%	£3,821,897	-21.3%	£4,857,909	139.6%	£2,027,887
	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-100%	£3,512,931
	Other Short Term Finance	0	-	0	-	0	-	0	-100%	£49,003
	Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-100%	£217,651
	Total Current Liabilities	£5,190,960	12%	£4,634,840	21.3%	£3,821,897	-21.3%	£4,857,909	-16.4%	£5,807,472
	Bank Loans & Overdrafts and LTL	£832,776	-12.6%	£953,218	-8.9%	£1,046,814	-	0	-100%	£3,682,557
	Other Long Term Finance	0	-	0	-	0	-	0	-100%	£1,438
	Total Long Term Liabilities	£832,776	-12.6%	£953,218	-8.9%	£1,046,814	-	0	-100%	£169,626

Capital & Reserves

	Date Of Accounts	30/09/12	(%)	30/09/11	(%)	30/09/10	(%)	30/09/09	(%)	30/09/08
	Called Up Share Capital	£34,688	-11.9%	£39,364	-21.3%	£50,000	-	£50,000	-	£50,000
	P & L Account Reserve	£1,275,910	-6.9%	£1,369,939	-17.3%	£1,657,142	3.6%	£1,599,707	-12%	£1,817,031
	Revaluation Reserve	£1,090,847	-	£1,090,847	-	£1,090,847	-	£1,090,847	-	£1,090,847
	Sundry Reserves	-	-	-	-	-	-	-	-	-
	Shareholder Funds	£2,401,445	-3.9%	£2,500,150	-10.6%	£2,797,989	2.1%	£2,740,554	-7.3%	£2,957,878

Other Financial Items

	Date Of Accounts	30/09/12	(%)	30/09/11	(%)	30/09/10	(%)	30/09/09	(%)	30/09/08
	Net Worth	£2,401,445	-3.9%	£2,500,150	-10.6%	£2,797,989	2.1%	£2,740,554	-7.3%	£2,957,878
	Working Capital	£1,130,064	-16.3%	£1,350,826	-21.6%	£1,722,688	183.5%	£607,678	-36.7%	£959,698
	Total Assets	£8,425,181	4.2%	£8,088,208	5.5%	£7,666,700	0.9%	£7,598,463	-15%	£8,934,976
	Total Liabilities	£6,023,736	7.8%	£5,588,058	14.8%	£4,868,711	0.2%	£4,857,909	-18.7%	£5,977,098
	Net Assets	£2,401,445	-3.9%	£2,500,150	-10.6%	£2,797,989	2.1%	£2,740,554	-7.3%	£2,957,878

Cash Flow

	Date Of Accounts	30/09/12	(%)	30/09/11	(%)	30/09/10	(%)	30/09/09	(%)	30/09/08
	Net Cashflow from Operations	-	-	-	-	-	-	£1,183,977	450.9%	£214,918
	Net Cashflow before Financing	-	-	-	-	-	-100%	£873,297	426.5%	-£267,461
	Net Cashflow from Financing	-	-	-	-	-	-	-£234,983	67%	-£711,999
	Increase in Cash	-	-	-	-	-	-	£638,314	165.2%	-£979,460

Miscellaneous

	Date Of Accounts	30/09/12	(%)	30/09/11	(%)	30/09/10	(%)	30/09/09	(%)	30/09/08
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
	Capital Employed	£3,234,221	-6.3%	£3,453,368	-10.2%	£3,844,803	40.3%	£2,740,554	-12.4%	£3,127,504
	Number of Employees	-	-	-	-	-	-	35	-12.5%	40
	Auditors	AUKER RHODES ACCOUNTING LIMITED
	Auditor Comments	The audit report contains no adverse comments
	Bankers	NATIONAL WESTMINSTER BANK PLC
	Bank Branch Code	56-00-36

Ratios

	Date Of Accounts	30/09/12	30/09/11	30/09/10	30/09/09	30/09/08
	Pre-tax profit margin %	-	-	-	-4.55	-2.60
	Current ratio	1.22	1.29	1.45	1.13	1.17
	Sales/Net Working Capital	-	-	-	8.30	8.35
	Gearing %	34.70	38.10	37.40	0	124.50
	Equity in %	28.50	30.90	36.50	36.10	33.10
	Creditor Days	-	-	-	350.63	92.14
	Debtor Days	-	-	-	197.57	152.47
	Liquidity/Acid Test	0.76	0.69	0.73	0.63	0.68
	Return On Capital Employed %	-	-	-	-8.37	-6.64
	Return On Total Assets Employed %	-	-	-	-3.02	-2.32
	Current Debt Ratio	2.16	1.85	1.36	1.77	1.96
	Total Debt Ratio	2.50	2.23	1.74	1.77	2.02
	Stock Turnover Ratio %	-	-	-	47.30	34.83
	Return on Net Assets Employed %	-	-	-	-8.37	-7.02

Status History

No Status History found

Event History

Date	Description
26/07/2013	Annual Returns
11/07/2013	New Accounts Filed
29/08/2012	Annual Returns
28/05/2012	New Accounts Filed
01/08/2011	Annual Returns
17/06/2011	New Accounts Filed
17/06/2011	New Accounts Filed
28/03/2011	Mr J.P. Singh has left the board
08/10/2010	New Accounts Filed
08/10/2010	New Accounts Filed
12/11/2009	New Board Member Mrs P. Singh appointed
12/11/2009	New Board Member Mr R. Singh appointed
09/11/2009	Annual Returns
07/09/2009	New Accounts Filed
07/09/2009	New Accounts Filed

Previous Company Names

No Previous Names found

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group structure

No group structure

Statistics

Group	0 companies
Linkages	0 companies
Countries	In 0 countries

Exact CCJ Details

No CCJs found

Possible CCJs Details

There are no possible CCJ details

Writ Details

No writs found

Mortgage Details

Mortgage Type:	LEGAL MORTGAGE
Date Charge Created:	20/10/09
Date Charge Registered:	21/10/09
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	MAHARAJA CEMETARY ROAD BRADFORD WITH THE BENEFIT OF ALL RIGHTS, LICENCES, GUARANTEES, RENT DEPOSITS,CONTRACTS, DEEDS UNDERTAKINGS & WARRANTIES RELATING TO THEPROPERTY. ANY SHARES OR MEMBERSHIP RIGHTSIN ANY MANAGEMENT COMPANY FOR THE PROPERTY. ANY GOODWILL OF ANY BUSINESS FROMTIME TO TIME CARRIED ON AT THE PROPERTY. ANY RENTAL & OTHER MONEY PAYABLE AND ANY LEASE LICENCE OR OTHER INTEREST CREATEDIN RESPECT OF THE PROPERTY & ALL OTHER PAYMENTS WHATEVER IN RESPECT OF THE PROPERTY

Mortgage Type:	LEGAL MORTGAGE
Date Charge Created:	20/10/09
Date Charge Registered:	21/10/09
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	161-163 ANNESLEY ROAD HUCKNALL NOTTINGHAM WITH THE BENEFIT OF ALL RIGHTS, LICENCES, GUARANTEES, RENTDEPOSITS, CONTRACTS, DEEDS UNDERTAKINGS & WARRANTIES RELATING TO THE PROPERTY. ANY SHARES OR MEMBERSHIP RIGHTS IN ANY MANAGEMENT COMPANY FOR THE PROPERTY. ANY GOODWILL OF ANY BUSINESS FROM TIME TO TIME CARRIED ON AT THE PROPERTY. ANY RENTAL & OTHER MONEY PAYABLE AND ANY LEASE LICENCE OR OTHER INTEREST CREATED IN RESPECT OF THE PROPERTY & ALL OTHER PAYMENTS WHATEVER IN RESPECTOF THE PROPERTY

Mortgage Type:	DEBENTURE
Date Charge Created:	13/10/09
Date Charge Registered:	15/10/09
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	10/08/05
Date Charge Registered:	13/08/05
Date Charge Satisfied:	18/09/10
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:
Details:	LAND & BUILDINGS TO WEST SIDE OF ANNESLEY ROAD, HUCKNALL, NOTTINGHAMSHIREBY WAY OF FIXED CHARGE THEBENEFIT OF ALL COVENANTS AND RIGHTS CONCERNING THE PROPERTY AND PLANT MACHINERY FIXTURES FITTINGS FURNITURE EQUIPMENT IMPLEMENTS ANDUTENSILS THE GOODWILL OF ANY BUSINESS CARRIED ON AT THE PROPERTY ANDTHE PROCEEDS OF ANY INSURANCE AFFECTING THE PROPERTY OR ASSETS

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	12/07/04
Date Charge Registered:	13/07/04
Date Charge Satisfied:	18/09/10
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:
Details:	24/32 (EVEN) WESTGATE AND 72/78 9EVEN) GODWIN STREET BRADFORDBY WAY OF FIXED CHARGE THE BENEFIT OF ALL COVENANTS AND RIGHTS CONCERNING THE PROPERTY AND PLANT MACHINERY FIXTURES FITTINGS FURNITURE EQUIPMENT IMPLEMENTS ANDUTENSILS THE GOODWILL OF ANY BUSINESS CARRIED ON AT THE PROPERTY AND THE PROCEEDS OF ANY INSURANCE AFFECTING THE PROPERTY OR ASSETS

Mortgage Type:	LEGAL MORTGAGE
Date Charge Created:	05/05/99
Date Charge Registered:	12/05/99
Date Charge Satisfied:	18/09/10
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:
Details:	F/H PROPERTY K/A LAND AND BUILDINGS ON WEST SIDE OF CEMETERY ROAD BRADFORD K/A FAIRFIELD MILL WEST YORKSHIRE T/N WYK311232AND THE PROCEEDS OF SALE THEREOF FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT AND AN ASSIGNMENT OF THE GOODWILL AND CONNECTION OFANY BUSINESS TOGETHER WITH THE FULL BENEFIT OF ALL LICENCES

Mortgage Type:	MORTGAGE DEBENTURE
Date Charge Created:	11/08/93
Date Charge Registered:	18/08/93
Date Charge Satisfied:	18/09/10
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:
Details:	A SPECIFIC EQUITABLE CHARGE OVER ALL FREEHOLD AND LEASEHOLD PROPERTIES AND/OR THE PROCEEDS OF SALE THEREOF FIXED AND FLOATING CHARGES OVER UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS AND THE BENEFITS OF ANY LICENCES

Creditor Details

No Creditor Data
Total Value	-

Trade Debtors / Bad Debt Detail

Company Name	Amount	Statement Date
Jaan @ Punjab Textiles (Leicester) Limited	£41,740	26/02/2013
Ujala Ltd	£24,804	04/07/2012
Designer Textiles Limited	£20,165	23/06/2011
Ujala Ltd	£2,459	04/07/2012
Total Value	£89,168

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Jasvinder Pal Singh	4	1
Sukhvinder Pal Singh	0	1
RWL REGISTRARS LIMITED	485	13045

Average Invoice Value	£315.64
Invoices available	55
Paid	55
Outstanding	0

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

	Within Terms	0-30 Days	31-60 Days	61-90 Days	91+ Days
Paid	40	11	3	0	1
Outstanding	0	0	0	0	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.05
UK Pound	1	Rs.101.32
Euro	1	Rs.83.34

INFORMATION DETAILS

Analysis Done by :	RAS
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%)

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.