MIRA INFORM REPORT

Report No. :	355824
Report Date :	21.12.2015

IDENTIFICATION DETAILS

Name :	SONGKARN LIMITED

Registered Office :	Gladstone House 77-79 High Street Egham Tw20 9HY

Country :	United Kingdom

Financials (as on) :	31.12.2014

Date of Incorporation :	09.05.1978

Com. Reg. No.:	01367442

Legal Form :	Private Limited with Share Capital

Line of Business :	Non-Specialised Wholesale Trade (Note: We tried to confirm obtain the details activity but the same is not available from any source.)

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 :	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, 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

Company Name: SONGKARN LIMITED

Company No: 01367442

Company Status: Active - Accounts Filed

Registered Address: GLADSTONE HOUSE 77-79 HIGH STREET EGHAM TW20 9HY

Company Summary

Registered Address GLADSTONE HOUSE, 77-79 HIGH STREET, EGHAM, TW20 9HY

Trading Address Gladstone House, 77-79 High Street, Egham, Surrey, TW20 9HY

Website Address http://www.adini.co.uk

Telephone Number -

Fax Number -

TPS -

FPS Yes

Incorporation Date 09/05/1978

Previous Name -

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 13/04/2015

Currency GBP

Share Capital £250,000

SIC07 46900

Charity Number -

SIC07 Description NON-SPECIALISED WHOLESALE TRADE

Principal Activity -

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

31/12/2014 - - £1,409,654 -

31/12/2013 - - £1,174,278 -

31/12/2012 - - £971,155 -

Mortgage Summary

Total Mortgage 13

Outstanding 7

Satisfied 6

Trade Debtors/ Bad Debt Summary

Total Number of Documented Trade 0

Total Value of Documented Trade £0

Commentary

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

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

The latest cash balances represent a positive level in terms of the overall outstanding creditor obligations.

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

This company trades in an industry with a moderate 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	0
Total Previous Directors / Company Secretaries	6

Current Directors

Title		Function	Director
Name	Subhash Chander Sachdev	Nationality	Indian
Date of Birth	12/1940	Present Appointments	2
Latest Address	46 Aqua House, 41 Mellis Avenue, Kew, Surrey	Appointment Date	29/12/1991
Post Code	TW9 4EL
Title	Mr	Function	Director
Name	Dev Sachdev	Nationality	British
Date of Birth	08/1979	Present Appointments	3
Latest Address	891 Great West Road, Isleworth, Middlesex	Appointment Date	04/11/2002
Post Code	TW7 5PD

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
SUBHASH CHANDER SACHDEV	GBP	195,000	ORDINARY	1	78
RAM SACHDEV	GBP	21,250	ORDINARY	1	8.5
DEV SACHDEV	GBP	21,250	ORDINARY	1	8.5
AMAR SACHDEV	GBP	12,500	ORDINARY	1	5

Financials

Profit & Loss

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Turnover	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Cost of Sales	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Gross Profit	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Wages & Salaries	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Directors Emoluments	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Operating Profit	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Depreciation	£11,879	12.1%	£10,595	30.2%	£8,138	-9.7%	£9,011	20.4%	£7,485
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Audit Fees	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Interest Payments	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Pre Tax Profit	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Taxation	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Profit After Tax	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Tangible Assets	£657,554	-1%	£664,028	0.2%	£662,654	-1.2%	£670,792	-1.3%	£679,803
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Total Fixed Assets	£657,554	-1%	£664,028	0.2%	£662,654	-1.2%	£670,792	-1.3%	£679,803
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Stock	£744,771	9.6%	£679,807	9.8%	£619,359	5.8%	£585,209	21.3%	£482,381
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Trade Debtors	£413,889	16.9%	£354,105	19.5%	£296,270	-9%	£325,648	13%	£288,251
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Cash	£699,246	9.6%	£638,110	13.4%	£562,767	-1.4%	£570,638	9.8%	£519,776
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Other Debtors	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Total Current Assets	£1,857,906	11.1%	£1,672,022	13.1%	£1,478,396	-0.2%	£1,481,495	14.8%	£1,290,408
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Trade Creditors	£1,105,806	-4.8%	£1,161,772	-0.7%	£1,169,895	-1.4%	£1,186,865	7.1%	£1,107,775
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Other Short Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Total Current Liabilities	£1,105,806	-4.8%	£1,161,772	-0.7%	£1,169,895	-1.4%	£1,186,865	7.1%	£1,107,775
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	0	-	0	-	0	-	0	-100%	£320
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Total Long Term Liabilities	0	-	0	-	0	-	0	-100%	£320

Capital & Reserves

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Called Up Share Capital	£250,000	-	£250,000	-	£250,000	-	£250,000	-	£250,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	P & L Account Reserve	£820,532	40.9%	£582,421	54.7%	£376,563	2.3%	£368,095	40.9%	£261,267
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Revaluation Reserve	£339,122	-0.8%	£341,857	-0.8%	£344,592	-0.8%	£347,327	-1%	£350,849
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Sundry Reserves	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Shareholder Funds	£1,409,654	20%	£1,174,278	20.9%	£971,155	0.6%	£965,422	12%	£862,116

Other Financial Items

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Net Worth	£1,409,654	20%	£1,174,278	20.9%	£971,155	0.6%	£965,422	12%	£862,116
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Working Capital	£752,100	47.4%	£510,250	65.4%	£308,501	4.7%	£294,630	61.3%	£182,633
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Total Assets	£2,515,460	7.7%	£2,336,050	9.1%	£2,141,050	-0.5%	£2,152,287	9.2%	£1,970,211
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Total Liabilities	£1,105,806	-4.8%	£1,161,772	-0.7%	£1,169,895	-1.4%	£1,186,865	7.1%	£1,108,095
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Net Assets	£1,409,654	20%	£1,174,278	20.9%	£971,155	0.6%	£965,422	12%	£862,116

Cash Flow

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/12/11	(%)	31/12/10
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Capital Employed	£1,409,654	20%	£1,174,278	20.9%	£971,155	0.6%	£965,422	11.9%	£862,436
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Number of Employees	-	-	-	-	-	-	-	-	-
	Accountants
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers	NATIONAL WESTMINSTER BANK PLC
	Bank Branch Code	53-61-01

Ratios

	Date Of Accounts	31/12/14	31/12/13	31/12/12	31/12/11	31/12/10
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Pre-tax profit margin %	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Current ratio	1.68	1.44	1.26	1.25	1.16
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Sales/Net Working Capital	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Gearing %	0	0	0	0	0
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Equity in %	56	50.30	45.40	44.90	43.80
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Creditor Days	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Debtor Days	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Liquidity/Acid Test	1	0.85	0.73	0.75	0.72
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Return On Capital Employed %	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Return On Total Assets Employed %	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Current Debt Ratio	0.78	0.98	1.20	1.22	1.28
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Total Debt Ratio	0.78	0.98	1.20	1.22	1.28
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\SONGKARN LIMITED_files\barchart-grey.png$	Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
15/04/2015	New Accounts Filed
09/01/2015	Annual Returns
22/04/2014	New Accounts Filed
17/01/2014	Annual Returns
05/07/2013	New Accounts Filed
07/01/2013	Annual Returns
23/06/2012	New Accounts Filed
23/06/2012	New Accounts Filed
17/01/2012	Annual Returns
13/10/2011	New Accounts Filed
25/07/2011	Ms P. Sachdev has resigned as company secretary
25/07/2011	Ms P. Sachdev has left the board
20/01/2011	Annual Returns
10/06/2010	Change in Reg.Office
10/06/2010	Change of Company Postcode

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:	CHARGE ON CASH DEPOSIT
Date Charge Created:	19/01/06
Date Charge Registered:	25/01/06
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	CANARA BANK
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	THE DEPOSIT SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	LEGAL CHARGE AND ASSIGNMENT
Date Charge Created:	22/05/98
Date Charge Registered:	26/05/98
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	CANARA BANK
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	FREEHOLD PROPERTY K/A 891 GREAT WEST ROAD IN THE LONDON BOROUGH OF HOUNSLOW T/NP138506 TOGETHER WITHALL RENTAL INCOMETHE FIXED PLANT MACHINERY AND FIXTURES ALL THE GOODWILL THE BOOK DEBTS ALL COVENANTS FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT

Mortgage Type:	DEBENTURE
Date Charge Created:	22/05/98
Date Charge Registered:	26/05/98
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	CANARA BANK
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:	LETTER OF LIEN
Date Charge Created:	01/08/97
Date Charge Registered:	14/08/97
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	CANARA BANK
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ALL MONIES FROM TIME TO TIME STANDING TO THE CREDIT OF THE COMPANY

Mortgage Type:	LETTER OF HYPOTHECATION
Date Charge Created:	01/08/97
Date Charge Registered:	14/08/97
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	CANARA BANK
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
Details:	ALL BILLS OF EXCHANGE SHIPPING DOCUMENTS DOCK WARRANTS DELIVERY ORDERS WAREHOUSE RECEIPTS INSURANCEPOLICES AND DOCUMENTS RELATING TO GOODS AND ALL MARKETABLE SECURITIES IN WHICH THE COMPANY HAS AN INTEREST
Mortgage Type:	DEBENTURE
Date Charge Created:	17/06/96
Date Charge Registered:	29/06/96
Date Charge Satisfied:	09/07/98
Status:	SATISFIED
Person(s) Entitled:	UNITED BANK LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF THE FINANCE DOCUMENTS (AS DEFINED IN THE DEBENTURE)
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 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	SECURITY AGREEMENT OVER CASH DEPOSITS
Date Charge Created:	26/03/96
Date Charge Registered:	02/04/96
Date Charge Satisfied:	27/07/11
Status:	SATISFIED
Person(s) Entitled:	UNITED BANK LIMITED
Amount Secured:
Details:	DEPOSIT BEING ANY SUM OR SUMS FROM TIMETO TIME DEPOSITED IN EACH ACCOUNTSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	CORPORATE GUARANTEE AND MEMORANDUM OF CASH COLLATERAL
Date Charge Created:	01/12/95
Date Charge Registered:	12/12/95
Date Charge Satisfied:	27/07/11
Status:	SATISFIED
Person(s) Entitled:	UNITED BANK LIMITED
Amount Secured:
Details:	MONIES ON DEPOSIT AT UNITED BANK LIMITED AT 42 BELL ROAD HOUNSLOW HELD UNDER LIEN BY UNITED BANK LIMITED

Mortgage Type:	LETTER OF HYPOTHECATION
Date Charge Created:	05/01/95
Date Charge Registered:	13/01/95
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	CANARA BANK
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ALL BILLS OF EXCHANGE SHIPPING DOCUMENTS DOC/WARRANTS DELIVERY ORDERS WAREHOUSERECEIPTS POLICIES OFINSURANCE SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	LETTER OF LIEN
Date Charge Created:	05/01/95
Date Charge Registered:	13/01/95
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	CANARA BANK
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ANY MONIES FROM TIME TO TIME STANDING TO THE CREDIT OF THE COMPANIES SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	04/11/91
Date Charge Registered:	08/11/91
Date Charge Satisfied:	06/12/95
Status:	SATISFIED
Person(s) Entitled:	UNITED BANK LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	23 AND 25 GREAT PORTLAND STREET LONDON W.1.
Mortgage Type:	DEBENTURE
Date Charge Created:	12/03/82
Date Charge Registered:	25/03/82
Date Charge Satisfied:	09/07/98
Status:	SATISFIED
Person(s) Entitled:	UNITED BANK LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	FIXED & FLOATING CHARGE OVER UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL UNCALLED CAPITAL.

Mortgage Type:	LEGAL MORTGAGE
Date Charge Created:	27/11/81
Date Charge Registered:	02/12/81
Date Charge Satisfied:	03/08/11
Status:	SATISFIED
Person(s) Entitled:	UNITED BANK LIMITED
Amount Secured:
Details:	F/H 891 GREAT WEST ROAD ISLEWORTH, HOUNSLOW TITLE NO P 138506

Previous Director/Company Secretaries

Name		Current Directorships	Previous Directorships
DART SECRETARIAL SERVICES LTD		5	22
Ranjit Singh Sandhu		0	1
Satvir Kaur Sachdev		3	2
Satvir Kaur Sachdev		3	2
Puja Krishnadasan		2	2
Puja Krishnadasan		2	2
Average Invoice Value	£116.65
Invoices available	7
Paid	5
Outstanding	2

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	5	0	0	0	0
Outstanding	0	0	2	0	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.42
UK Pound	1	Rs.99.17
Euro	1	Rs.72.14
GBP	1	Rs.98.90

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	KAS

Report Prepared by :	NIT

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.