MIRA INFORM REPORT

Report No. :	337668
Report Date :	26.08.2015

IDENTIFICATION DETAILS

Name :	UNIWAX LIMITED

Registered Office :	Unit 4-8 861 Coronation Road Park Royal Nw10 7pt

Country :	United Kingdom

Financials (as on) :	31.03.2014

Date of Incorporation :	21.09.1988

Com. Reg. No.:	02298736

Legal Form :	Private limited with Share Capital

Line of Business :	Wholesaler of Floor And Wall Covering

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

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

Status :	Satisfactory

Payment Behaviour :	Slow but correct

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, 2015

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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 third largest economy in Europe after Germany and France. 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 has been a net importer of energy since 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.

In 2008, 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. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which aimed to lower London's budget deficit from about 11% of GDP in 2010 to nearly 1% by 2015. 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 20% by 2015. However, the deficit still remains one of the highest in the G7, standing at 6.0% in 2014.

In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.7% and in 2014, 2.6%, accelerating unexpectedly because of greater consumer spending and a recovering housing market.

The Bank of England (BoE) implemented an asset purchase program of �375 billion (approximately $586 billion) as of December 2014. 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

UNIWAX LIMITED

UNIT 4-8
861 CORONATION ROAD
PARK ROYAL
NW10 7PT

Company No

02298736

Company Status

Active - Accounts Filed

Company Summary

Registered Address UNIT 4-8
861 CORONATION ROAD
PARK ROYAL
NW10 7PT

Trading Address Unit 4, Vascroft Estate
861 Coronation Road
Park Royal
London
NW10 7PT

Website Address http://www.stoneworld.uk.com

Telephone Number 02088383232

Fax Number

TPS No

FPS No

Incorporation Date 21/09/1988

Previous Name

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 28/12/2014

Currency GBP

Share Capital £10,000

SIC07 43330

Charity Number -

SIC07 Description FLOOR AND WALL COVERING

Principal Activity Wholesale.

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

31/03/2014 - - £2,217,791 -

31/03/2013 - - £1,696,305 -

31/03/2012 - - £1,347,787 -

Mortgage Summary

Total Mortgage 14

Outstanding 5

Satisfied 9

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 2

Total Value of Documented Trade £20,510

Commentary

This company has been treated as a Small company in respect of the rating/limit generated.

The latest Balance Sheet indicates a positive net working capital position.

There has been an increase in shareholders funds compared with the previous balance sheet.

This company trades in an industry with a higher level of corporate failures.

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 -	-

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

Current Directors

Name	Bina Agarwal	Date of Birth	29/09/1958
Officers Title	Mrs	Nationality	British
Present Appointments	9	Function	Director
Appointment Date	29/12/2008
Address	47 Norrice Lea, London, Middlesex, N2 0RN

Name	Chandra Shekhar Agarwal	Date of Birth	15/06/1962
Officers Title	Mr	Nationality	British
Present Appointments	14	Function	Director
Appointment Date	30/04/1991
Address	47 Norrice Lea, London, Middlesex, N2 0RN

Current Company Secretary

Name	Bina Agarwal	Date of Birth	29/09/1958
Officers Title	Mrs	Nationality	British
Present Appointments	9	Function	Company Secretary
Appointment Date	30/04/1991
Address	47 Norrice Lea, London, Middlesex, N2 0RN

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
BINA AGARWAL	GBP	5,000	ORDINARY	1	50
MR C.S. AGARWAL	GBP	5,000	ORDINARY	1	50

Profit & Loss

Date Of Accounts	31/03/14	(%)	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	31/03/10
Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
Turnover	-	-	-	-	-	-	-	-	-
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-
Wages & Salaries	-	-	-	-	-	-	-	-	-
Directors Emoluments	-	-	-	-	-	-	-	-	-
Operating Profit	-	-	-	-	-	-	-	-	-
Depreciation	£33,309	-24.9%	£44,354	18.5%	£37,437	13.4%	£33,023	46.1%	£22,608
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	-	-	-
Taxation	-	-	-	-	-	-	-	-	-
Profit After Tax	-	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

Date Of Accounts	31/03/14	(%)	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	31/03/10
Tangible Assets	£3,273,772	-1%	£3,306,907	85.3%	£1,785,037	0.7%	£1,771,796	1.8%	£1,740,550
Intangible Assets	0	-	0	-	0	-	0	-	0
Total Fixed Assets	£3,273,772	-1%	£3,306,907	85.3%	£1,785,037	0.7%	£1,771,796	1.8%	£1,740,550
Stock	£978,504	-10.4%	£1,092,546	-11.6%	£1,235,544	83.1%	£674,894	-28.6%	£945,622
Trade Debtors	£1,153,988	65.7%	£696,323	24.7%	£558,230	-9.4%	£616,148	9.7%	£561,687
Cash	£420,925	92.2%	£219,007	-38.8%	£357,597	27%	£281,504	104.8%	£137,455
Other Debtors	0	-	0	-	0	-	0	-	0
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	£2,553,417	27.2%	£2,007,876	-6.7%	£2,151,371	36.8%	£1,572,546	-4.4%	£1,644,764
Trade Creditors	£1,975,356	8.4%	£1,822,369	10.1%	£1,654,764	21.4%	£1,363,388	-14%	£1,584,651
Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
Other Short Term Finance	0	-	0	-	0	-	0	-	0
Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	0
Total Current Liabilities	£1,975,356	8.4%	£1,822,369	10.1%	£1,654,764	21.4%	£1,363,388	-14%	£1,584,651
Bank Loans & Overdrafts and LTL	£1,634,042	-9%	£1,796,109	92.3%	£933,857	-1.8%	£951,119	-2.9%	£979,742
Other Long Term Finance	0	-	0	-	0	-	0	-	0
Total Long Term Liabilities	£1,634,042	-9%	£1,796,109	92.3%	£933,857	-1.8%	£951,119	-2.9%	£979,742

Capital & Reserves

Date Of Accounts	31/03/14	(%)	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	31/03/10
Called Up Share Capital	£10,000	-	£10,000	-	£10,000	-	£10,000	-	£10,000
P & L Account Reserve	£2,207,791	30.9%	£1,686,305	26.1%	£1,337,787	31.2%	£1,019,835	25.8%	£810,921
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	£2,217,791	30.7%	£1,696,305	25.9%	£1,347,787	30.9%	£1,029,835	25.4%	£820,921

Other Financial Items

Date Of Accounts	31/03/14	(%)	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	31/03/10
Net Worth	£2,217,791	30.7%	£1,696,305	25.9%	£1,347,787	30.9%	£1,029,835	25.4%	£820,921
Working Capital	£578,061	211.6%	£185,507	-62.6%	£496,607	137.4%	£209,158	247.9%	£60,113
Total Assets	£5,827,189	9.6%	£5,314,783	35%	£3,936,408	17.7%	£3,344,342	-1.2%	£3,385,314
Total Liabilities	£3,609,398	-0.3%	£3,618,478	39.8%	£2,588,621	11.8%	£2,314,507	-9.7%	£2,564,393
Net Assets	£2,217,791	30.7%	£1,696,305	25.9%	£1,347,787	30.9%	£1,029,835	25.4%	£820,921

Cash Flow

Date Of Accounts	31/03/14	(%)	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	31/03/10
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	31/03/14	(%)	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	31/03/10
Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
Capital Employed	£3,851,833	10.3%	£3,492,414	53.1%	£2,281,644	15.2%	£1,980,954	10%	£1,800,663
Number of Employees	-	-	-	-	-	-	-	-	-
Accountants
Auditors
Auditor Comments	The company is exempt from audit
Bankers
Bank Branch Code

Ratios

Date Of Accounts	31/03/14	31/03/13	31/03/12	31/03/11	31/03/10
Pre-tax profit margin %	-	-	-	-	-
Current ratio	1.29	1.10	1.30	1.15	1.04
Sales/Net Working Capital	-	-	-	-	-
Gearing %	73.70	105.90	69.30	92.40	119.30
Equity in %	38.10	31.90	34.20	30.80	24.20
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	0.79	0.50	0.55	0.65	0.44
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	0.89	1.07	1.22	1.32	1.93
Total Debt Ratio	1.62	2.13	1.92	2.24	3.12
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
03/06/2015	Annual Returns
31/12/2014	New Accounts Filed
06/05/2014	Annual Returns
03/01/2014	New Accounts Filed
13/06/2013	Annual Returns
01/01/2013	New Accounts Filed
05/05/2012	Annual Returns
31/12/2011	New Accounts Filed
31/12/2011	New Accounts Filed
16/05/2011	Annual Returns
13/01/2011	New Accounts Filed
14/07/2010	Annual Returns
18/01/2010	New Accounts Filed
14/06/2009	Annual Returns
28/01/2009	New Accounts Filed

Previous Company Names

No Previous Names found

Writ Details

No writs found

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group Structure Full

No Group Structure

Mortgage Details

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	24/04/12
Date Charge Registered:	27/04/12
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	F/H PROPERTY KNOWN AS LAND AND BUILDINGS ON THE NORTH WEST SIDE OF THE NORTH CIRCULAR ROAD AND SOUTHEAST SIDE OF QUEENSBURY ROAD
Mortgage Type:	DEED OF CHARGE OVER CREDIT BALANCES
Date Charge Created:	26/03/12
Date Charge Registered:	05/04/12
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	THE CHARGE CREATES A FIXED CHARGE OVER ALL THE DEPOSIT(S) REFERRED TO IN THE SCHEDULE TO THE FORM MG01 (INCLUDING ALL OR ANY PART OF THE MONEY PAYABLE PURSUANTTO SUCH DEPOSIT(S) & THE DEBTS REPRESENTED THEREBY) TOGETHER WITH ALL INTEREST FROM TIME TO TIME ACCRUING THEREON. IT ALSO CREATES AN ASSIGNMENT BY THE CHARGORFOR THE PURPOSES OF & TO GIVE EFFECT TOTHE SECURITY OVER THE RIGHT OF THE CHARGORTO REQUIRE REPAYMENT OF SUCH DEPOSIT(S) & INTEREST THEREON BARCLAYS BANK PLCRE UNIWAX LIMITED BUSINESS PREMIUM ACCOUNT A/C NO 10070327

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	15/03/07
Date Charge Registered:	17/03/07
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	THE F/H PROPERTY K/A UNITS 4-8 VASCROFTESTATES, 861 CORONATION ROAD, LONDON
Mortgage Type:	LEGAL CHARGE
Date Charge Created:	12/12/06
Date Charge Registered:	15/12/06
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	£1,500,000.00 DUE OR TO BECOME DUE FROM THE COMPANY TO
Details:	UNIT 4-8 VASCROFT ESTATES 861 CORONATION ROAD LONDON

Mortgage Type:	DEED OF CHARGE OVER CREDIT BALANCES
Date Charge Created:	14/07/06
Date Charge Registered:	03/08/06
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER NOT EXCEEDING FIFTY THOUSAND POUNDS UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	BARCLAYS BANK PLC RE UNIWAX LIMITED BUSINESS BASE RATE TRACKER ACCOUNT ACCOUNT NUMBER 10070327 THE CHARGE CREATES A FIXED CHARGE OVERALL THE DEPOSIT(S) REFERRED TO IN THE SCHEDULE TO THE FORM 395 (INCLUDING ALL OR ANY PART OF THE MONEY PAYABLE PURSUANTTO SUCH DEPOSIT(S) AND THE DEBTS REPRESENTED THEREBY) TOGETHER WITH ALL INTEREST FROM TIME TO TIME ACCRUING THEREON IT ALSO CREATES AN ASSIGNMENT BYTHE CHARGOR FOR THE PURPOSES OF AND TO GIVE EFFECTTO THE SECURITY OVER THE RIGHT OF THE CHARGOR TOREQUIRE REPAYMENT OF SUCH DEPOSIT(S) AND INTEREST THEREON
Mortgage Type:	LEGAL CHARGE
Date Charge Created:	20/05/05
Date Charge Registered:	24/05/05
Date Charge Satisfied:	13/04/12
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:
Details:	UNITS 4-8 VASCROFT ESTATE 861 CORONATION ROAD LONDON

Mortgage Type:	RENT DEPOSIT DEED
Date Charge Created:	03/02/03
Date Charge Registered:	05/02/03
Date Charge Satisfied:	13/04/12
Status:	SATISFIED
Person(s) Entitled:	EXCESS BAGGAGE LIMITED
Amount Secured:
Details:	£16,662
Mortgage Type:	DEBENTURE
Date Charge Created:	03/07/01
Date Charge Registered:	10/07/01
Date Charge Satisfied:	13/04/12
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:
Details:	FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY

Mortgage Type:	DEBENTURE
Date Charge Created:	01/03/96
Date Charge Registered:	11/03/96
Date Charge Satisfied:	17/07/07
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS 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 CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY
Mortgage Type:	MEMORANDUM OF DEPOSIT
Date Charge Created:	22/12/94
Date Charge Registered:	23/12/94
Date Charge Satisfied:	13/04/12
Status:	SATISFIED
Person(s) Entitled:	BYBLOS BANK BELGIUM S.A.
Amount Secured:
Details:	CASH COLLATERAL DEPOSIT EQUIVALENT TO 110% OF THE AMOUNT OUTSTANDING UNDER THE LETTER OF CREDIT FACILITY GRANTED BY THEBANK TO THE COMPANY AND IN RESPECT OF WHICH THE COMPANY AT THE REQUEST OF THE BANK HAS PLACED SUCH CASH MARGIN AS A SECURITY

Mortgage Type:	MEMORANDUM OF DEPOSIT
Date Charge Created:	10/09/93
Date Charge Registered:	24/09/93
Date Charge Satisfied:	13/04/12
Status:	SATISFIED
Person(s) Entitled:	BYBLOS BANK BELGIUM SA
Amount Secured:
Details:	DEPOSIT OF AN INITIAL AMOUNT OF US$22.640.00 OR EQUIVALENT IN ANY OTHER CURRENCY PLUS ANY ACCRUED INTEREST
Mortgage Type:	MEMORANDUM OF DEPOSIT
Date Charge Created:	08/09/93
Date Charge Registered:	14/09/93
Date Charge Satisfied:	13/04/12
Status:	SATISFIED
Person(s) Entitled:	BYBLOS BANK BELGIUM SA
Amount Secured:
Details:	DEPOSIT OF AN INITIAL AMOUNT OF US$8,200 OR EQUIVALENT IN ANY OTHER CURRENCY PLUS ANY ACCRUED INTEREST

Mortgage Type:	ASSIGNMENT
Date Charge Created:	18/08/93
Date Charge Registered:	28/08/93
Date Charge Satisfied:	13/04/12
Status:	SATISFIED
Person(s) Entitled:	BYBLOS BANK BELGIUM SA
Amount Secured:
Details:	ALL THE RIGHT TITLE AND INTEREST OF THECOMPANY IN ALL SUMS DUE PAYABLE OR OWING TO THE COMPANY UNDERANY DOCUMENTARY LETTER OF CREDITSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	LIEN ON DEPOSIT
Date Charge Created:	27/11/89
Date Charge Registered:	04/12/89
Date Charge Satisfied:	13/04/12
Status:	SATISFIED
Person(s) Entitled:	BANK OF BARODA
Amount Secured:
Details:	UKP 32,000 (DEPOSIT) AND ANY OTHER MONEYS WHICH MAY FROM TIME TO TIME BE HELD BY THE BANK FOR ACCOUNT OF THE DEPOSITOR

Creditor Details

	Total Number	Total Value
Trade Creditors	0	-
No Creditor Data

Trade Debtors / Bad Debt Detail

	Total Number of Documented Trade	Total Value of Documented Trade
Trade Debtors	2	£20,510
Company Name		Amount	Statement Date
London Stone Gallery Ltd		£16,350	21/10/2010
Stone Home Limited		£4,160	02/10/2009

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Rajendra Kumar Choraria	2	1
Average Invoice Value		Ł258.77
Invoices available		4
Paid		4
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	2	2	0	0	0
Outstanding	0	0	0	0	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.71
UK Pound	1	Rs.105.10
Euro	1	Rs.77.11

INFORMATION DETAILS

Analysis Done by :	RAS

Report Prepared by :	TRU

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.