MIRA INFORM REPORT

Report No. :	331438
Report Date :	14.07.2015

IDENTIFICATION DETAILS

Name :	LONDON METALS & COMMODITIES LIMITED

Registered Office :	Suite 164 8 Shepherd Market Mayfair W1J 7JY

Country :	United Kingdom

Financials (as on) :	31.10.2013

Date of Incorporation :	04.05.1988

Com. Reg. No.:	02250875

Legal Form :	Private Limited with Share Capital

Line of Business :	Wholesale of Metals and Metal Ores.

No. of Employees :	2

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate

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 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. 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 5.8% in 2013. 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). In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.8%, accelerating unexpectedly because of greater consumer spending and a recovering housing market.

Source : CIA

Company Name and address

Company Name: LONDON METALS & COMMODITIES LIMITED

Company No: 02250875

Company Status: Active - Accounts Filed

Registered Address: SUITE 164 8 SHEPHERD MARKET MAYFAIR W1J 7JY

Company Summary

Registered Address SUITE 164, 8 SHEPHERD MARKET, MAYFAIR, W1J 7JY

Trading Address Park Towers, 2 Brick Street, London, London W1J 7DD

Website Address http://www.londonmetals.org

Telephone Number -

Fax Number -

TPS -

FPS No

Incorporation Date 04/05/1988

Previous Name -

Type ` Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 11/01/2014

Currency GBP

Share Capital £5,559,600

SIC07 46720

Charity Number -

SIC07 Description WHOLESALE OF METALS AND METAL ORES

Principal Activity Trading in physical metal for export and acting as agents for manufacturers

of metals and textiles.

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

31/10/2013 £33,757,321 £331,306 £555,047 2

31/10/2012 £41,229,185 £165,962 £223,751 2

31/10/2011 £62,691,456 £258,119 £58,973 2

Mortgage Summary

Total Mortgage 3

Outstanding 2

Satisfied 1

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 Medium company in respect of the rating/limit generated.

This company's ratio of total liabilities to total assets indicates the presence of moderate equity funding.

This company's return on total assets employed ratio indicates a relatively efficient use of assets.

This company has made late payments on a high percentage of invoices.

This company's bank loans and overdrafts (less cash) account for a moderate percentage of short term liabilities.

This company trades in an industry with a lower 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	3

Current Directors

Name	Balwant Singh Maru	Date of Birth	08/07/1941
Officers Title	Mr	Nationality	British
Present Appointments	5	Function	Director
Appointment Date	14/11/1991
Address	211 The Quadrangle Tower Cambridge Square, London, W2 2PJ

Name	Rama Kant Rathi	Date of Birth	11/01/1941
Officers Title	Mr	Nationality	Swiss
Present Appointments	3	Function	Director
Appointment Date	14/11/1991
Address	Hanibuhl 19, 6301 Zug

Current Company Secretary

Name	Bharatkumar Manilal Gadhia	Date of Birth	-
Officers Title	Mr	Nationality
Present Appointments	1	Function	Company Secretary
Appointment Date	28/08/2012
Address	28b Collier Drive, Edgware, Middlesex, HA8 5RT

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
SOUTH EAST ASIAN EXPORT SERVICES INC.	GBP	5,559,600	ORDINARY	1	100

Financials

PROFIT & LOSS

	Date Of Accounts	31/10/13	(%)	31/10/12	(%)	31/10/11	(%)	31/10/10	(%)	31/10/09
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Turnover	£33,757,321	-18.1%	£41,229,185	-34.2%	£62,691,456	58.8%	£39,488,554	145.1%	£16,108,203
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Export	£30,542,376	-17.1%	£36,863,491	-34.9%	£56,618,427	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Cost of Sales	£33,113,007	-18.7%	£40,751,045	-34.4%	£62,107,433	59.3%	£38,989,567	149.5%	£15,624,350
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Gross Profit	£644,314	34.8%	£478,140	-18.1%	£584,023	17%	£498,987	3.1%	£483,853
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Wages & Salaries	£70,359	5.5%	£66,702	10.7%	£60,275	13%	£53,319	16.4%	£45,813
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Directors Emoluments	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Operating Profit	£331,258	99.7%	£165,907	-35.7%	£258,065	22.6%	£210,452	18.4%	£177,720
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Depreciation	£3,175	1%	£3,143	74.3%	£1,803	-	-	-100%	£2,219
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Audit Fees	£7,000	-16.7%	£8,400	68%	£5,000	66.7%	£3,000	66.7%	£1,800
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Interest Payments	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Pre Tax Profit	£331,306	99.6%	£165,962	-35.7%	£258,119	22.1%	£211,353	18.5%	£178,302
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Taxation	-£10	99.2%	-£1,184	99.6%	-£293,769	-	-	100%	-£493
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Profit After Tax	£331,296	101.1%	£164,778	562.2%	-£35,650	-116.9%	£211,353	18.9%	£177,809
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Retained Profit	£331,296	101.1%	£164,778	562.2%	-£35,650	-116.9%	£211,353	18.9%	£177,809

BALANCE SHEET

	Date Of Accounts	31/10/13	(%)	31/10/12	(%)	31/10/11	(%)	31/10/10	(%)	31/10/09
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Tangible Assets	£17,988	1%	£17,807	2.1%	£17,446	-0.9%	£17,609	143.6%	£7,229
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Total Fixed Assets	£17,988	1%	£17,807	2.1%	£17,446	-0.9%	£17,609	143.6%	£7,229
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Stock	£1,907,703	30.2%	£1,464,963	-32.2%	£2,160,349	-17.3%	£2,611,019	31.7%	£1,982,938
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Trade Debtors	£2,450,144	-49.1%	£4,817,285	0%	£4,816,035	-31.4%	£7,015,394	118.2%	£3,215,098
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Cash	£196,865	-64.8%	£558,874	11.9%	£499,369	77%	£282,108	-32.1%	£415,673
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Other Debtors	£109,384	-82.8%	£636,915	333.8%	£146,829	-56.9%	£340,866	-29.9%	£485,972
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Total Current Assets	£4,664,096	-37.6%	£7,478,037	-1.9%	£7,622,582	-25.6%	£10,249,387	68%	£6,099,681
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Trade Creditors	£1,177,159	-47.8%	£2,255,144	30.4%	£1,729,364	27.4%	£1,357,850	-47.4%	£2,582,309
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts	£921,508	-69.7%	£3,037,102	-21.4%	£3,863,263	-42.1%	£6,671,485	367.4%	£1,427,493
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Other Short Term Finance	0	-	0	-	0	-100%	£1,883,594	3.8%	£1,813,894
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Miscellaneous Current Liabilities	£158,745	34.5%	£117,996	0.6%	£117,287	-54.8%	£259,444	-35.1%	£399,944
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Total Current Liabilities	£2,257,412	-58.3%	£5,410,242	-5.2%	£5,709,914	-43.9%	£10,172,373	63.4%	£6,223,640
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	£2,791,133	-43%	£4,898,953	-14.6%	£5,734,404	-14%	£6,671,485	367.4%	£1,427,493
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Other Long Term Finance	£1,869,625	0.4%	£1,861,851	-	0	-	0	-	0
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Total Long Term Liabilities	£1,869,625	0.4%	£1,861,851	-0.5%	£1,871,141	-	0	-	0

CAPITAL & RESERVES

	Date Of Accounts	31/10/13	(%)	31/10/12	(%)	31/10/11	(%)	31/10/10	(%)	31/10/09
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Called Up Share Capital	£5,559,600	-	£5,559,600	-	£5,559,600	-	£5,559,600	-	£5,559,600
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	P & L Account Reserve	-£5,004,553	6.2%	-£5,335,849	3%	-£5,500,627	-0.7%	-£5,464,977	3.7%	-£5,676,330
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Sundry Reserves	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Shareholder Funds	£555,047	148.1%	£223,751	279.4%	£58,973	-37.7%	£94,623	181.1%	-£116,730

OTHER FINANCIAL ITEMS

	Date Of Accounts	31/10/13	(%)	31/10/12	(%)	31/10/11	(%)	31/10/10	(%)	31/10/09
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Net Worth	£555,047	148.1%	£223,751	279.4%	£58,973	-37.7%	£94,623	181.1%	-£116,730
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Working Capital	£2,406,684	16.4%	£2,067,795	8.1%	£1,912,668	999.9%	£77,014	162.1%	-£123,959
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Total Assets	£4,682,084	-37.5%	£7,495,844	-1.9%	£7,640,028	-25.6%	£10,266,996	68.1%	£6,106,910
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Total Liabilities	£4,127,037	-43.2%	£7,272,093	-4.1%	£7,581,055	-25.5%	£10,172,373	63.4%	£6,223,640
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Net Assets	£555,047	148.1%	£223,751	279.4%	£58,973	-37.7%	£94,623	181.1%	-£116,730

CASH FLOW

	Date Of Accounts	31/10/13	(%)	31/10/12	(%)	31/10/11	(%)	31/10/10	(%)	31/10/09
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Net Cashflow from Operations	£1,756,903	97.3%	£890,298	-73.2%	£3,320,829	161.9%	-£5,368,078	-774.6%	£795,723
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Net Cashflow before Financing	£1,753,585	98%	£885,665	-70.7%	£3,025,484	156.3%	-£5,377,557	-778.7%	£792,333
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Increase in Cash	£1,753,585	98%	£885,665	-70.7%	£3,025,484	156.3%	-£5,377,557	-778.7%	£792,333

MISCELLANEOUS

	Date Of Accounts	31/10/13	(%)	31/10/12	(%)	31/10/11	(%)	31/10/10	(%)	31/10/09
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Capital Employed	£2,424,672	16.3%	£2,085,602	8.1%	£1,930,114	999.9%	£94,623	181.1%	-£116,730
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Number of Employees	2	-	2	-	2	-	2	-	2
	Accountants
	Auditors	VORA & COMPANY
	Auditor Comments	The audit report contains no adverse comments
	Bankers	UNION BANCAIRE PRIVEE
	Bank Branch Code	23-19-35

RATIOS

	Date Of Accounts	31/10/13	31/10/12	31/10/11	31/10/10	31/10/09
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Pre-tax profit margin %	0.98	0.40	0.41	0.54	1.11
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Current ratio	2.07	1.38	1.33	1.01	0.98
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Sales/Net Working Capital	14.03	19.94	32.78	512.75	-129.95
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Gearing %	502.90	2189.50	9723.80	7050.60	-1222.90
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Equity in %	11.90	3	0.80	0.90	-1.90
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Creditor Days	12.69	19.90	10.04	12.51	58.35
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Debtor Days	26.41	42.53	27.96	64.66	72.65
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Liquidity/Acid Test	1.22	1.11	0.95	0.75	0.66
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Return On Capital Employed %	13.66	7.95	13.37	223.36	-152.74
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Return On Total Assets Employed %	7.07	2.21	3.37	2.05	2.91
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Current Debt Ratio	4.06	24.17	96.82	107.50	-53.31
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Total Debt Ratio	7.43	32.50	128.55	107.50	-53.31
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Stock Turnover Ratio %	5.65	3.55	3.44	6.61	12.31
$Description: \\VIVEK\Foreign Report Raw2\LONDON METALS & COMMODITIES LIMITED_files\barchart-grey.png$	Return on Net Assets Employed %	59.68	74.17	437.69	223.36	-152.74

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
19/12/2014	Annual Returns
18/01/2014	New Accounts Filed
18/01/2014	New Accounts Filed
07/12/2013	Annual Returns
26/01/2013	New Accounts Filed
26/01/2013	New Accounts Filed
25/12/2012	Annual Returns
30/08/2012	Mr B.S. Maru has resigned as company secretary
30/08/2012	New Company Secretary Mr B.M. Gadhia appointed
27/06/2012	New Accounts Filed
19/04/2012	Change in Reg.Office
19/04/2012	Change of Company Postcode
17/01/2012	Annual Returns
12/01/2012	Change in Reg.Office
12/01/2012	Change of Company Postcode

Previous Company Names

No Previous Names found

Writ Details

No writs found

Statistics

Group	3 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status	Wholly Owned
Ultimate Holding Company	SOUTH EAST ASIAN EXPORT SERVICES INC

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
SOUTH EAST ASIAN EXPORT...	N/A	-	-
LONDON METALS & COMMOD...	02250875	31.10.2013	N	£33,757,321
R T YARNS LIMITED	06881591	31.10.2013	N

Mortgage Details

Mortgage Type:	DEBENTURE
Date Charge Created:	31/07/00
Date Charge Registered:	08/08/00
Date Charge Satisfied:	16/06/12
Status:	SATISFIED
Person(s) Entitled:	HSBC 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:	CASH DEPOSIT SECURITY TERMS.
Date Charge Created:	22/02/89
Date Charge Registered:	09/03/89
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BANK OF CREDIT AND COMMERCE INTERNATIONAL SOCIETE ANONYME.
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ALL MONIES STANDING TO THE CREDIT OF ANY DEPOSIT ACCOUNT IN THE COMPANYS NAME

Mortgage Type:	CONDITIONS FOR MULTI ACCOUNT CLIENTS.
Date Charge Created:	07/09/88
Date Charge Registered:	13/09/88
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	AMERICAN EXPRESS BANK LTD.
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ALL MONEYS HELD ON ACCOUNT OF THE COMPANY BY THE BANK, ALL STOCKS, SHARES, SECURITIES, BULLION, GOLD& SILVER, DIVIDENDS, BONUSES & INTEREST.

Previous Director/Company Secretaries

Name		Current Directorships	Previous Directorships
Balwant Singh Maru		5	2
Inuganti Narendar		0	1
Timothy Hugh Bearman		3	3
Average Invoice Value	Ł148
Invoices available	14
Paid	14
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	5	5	3	1	0
Outstanding	0	0	0	0	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.47
UK Pound	1	Rs.98.47
Euro	1	Rs.70.69

INFORMATION DETAILS

Analysis Done by :	DIV

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.