MIRA INFORM REPORT

Report No. :	311562
Report Date :	14.03.2015

IDENTIFICATION DETAILS

Name :	PRINCIPAL BUILDING PRODUCTS LIMITED
Registered Office :	69 High Street Dodworth Barnsley S75 3rq
Country :	United Kingdom
Financials (as on) :	30.09.2013
Date of Incorporation :	23.07.1992
Com. Reg. No.:	02733893
Legal Form :	Private limited with Share Capital
Line of Business :	Non Specialized Wholesale Trade [We tried to confirm / obtain the detailed activity but the same is not available from any sources]
No. of Employee :	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 – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
United Kingdom	A1	A1

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. 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

PRINCIPAL BUILDING PRODUCTS LIMITED

Company No

02733893

Company Status

Active - Accounts Filed

Registered Address

69 HIGH STREET DODWORTH BARNSLEY S75 3RQ

Limited Company

Company Summary

Registered Address

69 HIGH STREET
DODWORTH
BARNSLEY
S75 3RQ

Trading Address

Unit B2
Parkgate Business Pk, Rail Mill Way
Parkgate
Rotherham, South Yorkshire
S62 6JQ

Website Address

http://www.pbpltd.co.uk

Telephone Number - Fax Number TPS -

FPS No Incorporation Date 23/07/1992

Previous Name Type Private limited with Share Capital

OCEANBASE LIMITED

FTSE Index - Date of Change 07/08/1992

Filing Date of Accounts 27/06/2014 Currency GBP

Share Capital £5,000 SIC07 46900

Charity Number -

SIC07 Description NON-SPECIALISED WHOLESALE TRADE

Principal Activity

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

30/09/2013 - - £854,931 -

01/10/2012 - - £784,668 -

30/09/2011 - - £762,053 -

Mortgage Summary

Total Mortgage 8

Outstanding 5

Satisfied 3

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 12

Total Value of Documented Trade £42,587

Commentary

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

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

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

Current Directors

Name	Stuart Adrian Riley	Date of Birth	02/07/1959
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	23/07/1992
Address	69 High Street, Dodworth, Barnsley, South Yorkshire, S75 3RQ

Current Company Secretary

Name	Lorraine Riley	Date of Birth	15/03/1960
Officers Title	Mrs	Nationality	British
Present Appointments	1	Function	Company Secretary
Appointment Date	23/07/1992
Address	69 High Street, Dodworth, Barnsley, South Yorkshire, S75 3RQ

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
MR STUART ADRIAN RILEY	GBP	3,800	ORDINARY	1	76
MRS LORRAINE RILEY	GBP	1,200	ORDINARY	1	24

Profit & Loss

Date Of Accounts	30/09/13	(%)	01/10/12	(%)	30/09/11	(%)	30/09/10	(%)	30/09/09
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	£35,297	52.9%	£23,081	-8.9%	£25,335	-13.8%	£29,405	4.2%	£28,226
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	-	-	-
Taxation	-	-	-	-	-	-	-	-	-
Profit After Tax	-	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-	-	-	-	-	-	-	-	-

Balance Shee

Date Of Accounts	30/09/13	(%)	01/10/12	(%)	30/09/11	(%)	30/09/10	(%)	30/09/09
Tangible Assets	£1,378,210	198.8%	£461,228	-1.8%	£469,887	-4.5%	£492,101	-0.8%	£496,258
Intangible Assets	0	-	0	-	0	-	0	-	0
Total Fixed Assets	£1,378,210	198.8%	£461,228	-1.8%	£469,887	-4.5%	£492,101	-0.8%	£496,258
Stock	£652,628	11.1%	£587,396	-1.9%	£598,950	13.1%	£529,401	7.9%	£490,755
Trade Debtors	£870,191	-19.5%	£1,081,646	-32.4%	£1,601,170	3.4%	£1,548,888	4.9%	£1,475,856
Cash	£167,524	-21.1%	£212,338	200.4%	£70,692	45.4%	£48,616	-38.6%	£79,122
Other Debtors	0	-	0	-	0	-	0	-	0
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	£1,690,343	-10.2%	£1,881,380	-17.1%	£2,270,812	6.8%	£2,126,905	4%	£2,045,733
Trade Creditors	£1,320,602	-1.9%	£1,346,302	-22.7%	£1,741,272	8.5%	£1,604,656	2.7%	£1,562,173
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	£1,320,602	-1.9%	£1,346,302	-22.7%	£1,741,272	8.5%	£1,604,656	2.7%	£1,562,173
Bank Loans & Overdrafts and LTL	£893,020	322%	£211,638	-10.8%	£237,374	-9.4%	£262,043	-7.5%	£283,323
Other Long Term Finance	£572,199	-	0	-	0	-	0	-	0
Total Long Term Liabilities	£893,020	322%	£211,638	-10.8%	£237,374	-9.4%	£262,043	-7.5%	£283,323

.

Capital & Reserves

Date Of Accounts	30/09/13	(%)	01/10/12	(%)	30/09/11	(%)	30/09/10	(%)	30/09/09
Called Up Share Capital	£5,000	-	£5,000	-	£5,000	-	£5,000	-	£5,000
P & L Account Reserve	£849,931	9%	£779,668	3%	£757,053	1.3%	£747,307	8.1%	£691,495
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	£854,931	9%	£784,668	3%	£762,053	1.3%	£752,307	8%	£696,495

Other Financial Items

Date Of Accounts	30/09/13	(%)	01/10/12	(%)	30/09/11	(%)	30/09/10	(%)	30/09/09
Net Worth	£854,931	9%	£784,668	3%	£762,053	1.3%	£752,307	8%	£696,495
Working Capital	£369,741	-30.9%	£535,078	1%	£529,540	1.4%	£522,249	8%	£483,560
Total Assets	£3,068,553	31%	£2,342,608	-14.5%	£2,740,699	4.6%	£2,619,006	3%	£2,541,991
Total Liabilities	£2,213,622	42.1%	£1,557,940	-21.3%	£1,978,646	6%	£1,866,699	1.1%	£1,845,496
Net Assets	£854,931	9%	£784,668	3%	£762,053	1.3%	£752,307	8%	£696,495

Cash Flow

Date Of Accounts	30/09/13	(%)	01/10/12	(%)	30/09/11	(%)	30/09/10	(%)	30/09/09
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	30/09/13	(%)	01/10/12	(%)	30/09/11	(%)	30/09/10	(%)	30/09/09
Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
Capital Employed	£1,747,951	75.4%	£996,306	-0.3%	£999,427	-1.5%	£1,014,350	3.5%	£979,818
Number of Employees	-	-	-	-	-	-	-	-	-
Auditors
Auditor Comments	The company is exempt from audit
Bankers	THE ROYAL BANK OF SCOTLAND PLC
Bank Branch Code

Ratios

Date Of Accounts	30/09/13	01/10/12	30/09/11	30/09/10	30/09/09
Pre-tax profit margin %	-	-	-	-	-
Current ratio	1.28	1.40	1.30	1.33	1.31
Sales/Net Working Capital	-	-	-	-	-
Gearing %	104.50	27	31.10	34.80	40.70
Equity in %	27.90	33.50	27.80	28.70	27.40
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	0.78	0.96	0.96	0.99	0.99
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	1.54	1.71	2.28	2.13	2.24
Total Debt Ratio	2.58	1.98	2.59	2.48	2.64
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	-	-	-	-	-

Report Notes

Status History

No Status History found

Event History

Date	Description
02/08/2014	Annual Returns
02/07/2014	New Accounts Filed
02/07/2014	New Accounts Filed
29/07/2013	Annual Returns
03/06/2013	New Accounts Filed
18/08/2012	Annual Returns
28/06/2012	New Accounts Filed
01/08/2011	Annual Returns
07/07/2011	New Accounts Filed
09/08/2010	Annual Returns
25/11/2009	New Accounts Filed
18/08/2009	Annual Returns
05/06/2009	New Accounts Filed
27/08/2008	Annual Returns
27/05/2008	New Accounts Filed

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Statistics

Group	0 companies
Linkages	0 companies
Countries	In 0 countries

Mortgage Details

Mortgage Type:	LEGAL MORTGAGE
Date Charge Created:	22/03/13
Date Charge Registered:	06/04/13
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC BANK PLC;
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY ON ANY ACCOUNT WHATSOEVER
Details:	F/H PROPERTY BEING LAND ON THE NORTH SIDE OF MANGHAM ROAD PARKGATE ROTHERHAM NOW KNOWN AS SCEPTRE POINT UNIT 2 MANGHAM ROAD ROTHERHAM T/NO SYK228779 WITH THE BENEFIT OF ALL RIGHTS, LICENCES, GUARANTEES, RENT DEPOSITS, 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 LEGAL LICENCE OR OTHER INTEREST CREATED IN RESPECT OF THE PROPERTY & ALL OTHER PAYMENTS WHATEVER IN RESPECT OF THE PROPERTY

Mortgage Type:	LEGAL ASSIGNMENT OF CONTRACT MONIES
Date Charge Created:	19/10/12
Date Charge Registered:	23/10/12
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:	ANY CREDIT BALANCE DUE TO THE COMPANY UNDER CONDITION 13 OF THE AGREEMENT FOR THE PURCHASE OF DEBTSAND ANY DISCOUNTINGALLOWANCE DUE UNDER THE CONTRACT THE BENEFIT OF ALL THE OTHER PROVISIONS OF THECONTRACT AND ALL SECURITIES IN RESPECT OF THAT CREDIT BALANCE

Mortgage Type:	FIXED CHARGE ON NON-VESTING DEBTS AND FLOATING CHARGE
Date Charge Created:	18/09/12
Date Charge Registered:	20/09/12
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC INVOICE FINANCE (UK) LTD ("THE SECURITY HOLDER")
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THETERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	BY WAY OF FIRST FIXED CHARGE ALL DEBTS AND ALL EXPORT DEBTS PURPORTEDLY ASSIGNED TO THE SECURITY HOLDER PURSUANT TO THEDEBT PURCHASE AGREEMENT. ALL ASSOCIATEDRIGHTS RELATING TO ANY NON-VESTING DOMESTIC DEBTS AND NON-VESTING EXPORT DEBTS. BY WAY OF FIRST FIXED CHARGE THE EXCLUDED PROCEEDS AND BY WAYOF FIRST FLOATING CHARGE ALL PRESENT AND FUTURE ASSETS UNDERTAKING AND ALL OTHER PROPERTY AND ASSETSSEE IMAGE FOR FULL DETAILS

Mortgage Type:	DEBENTURE
Date Charge Created:	18/09/12
Date Charge Registered:	20/09/12
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 MORTGAGE
Date Charge Created:	14/09/12
Date Charge Registered:	19/09/12
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:	F/H TITLE K/A PRINCIPAL HOUSE UNIT B2 RAILMILL WAY PARKGATE ROTHERHAM T/NO SYK360039 AND SYK362189 WITH THE BENEFIT OF ALL RIGHTS, LICENCES, GUARANTEES, RENT DEPOSITS, 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 TIMECARRIED ON AT THE PROPERTY. ANY RENTAL & OTHER MONEY PAYABLE AND ANY LEASE LICENCE OR OTHER INTEREST CREATED IN RESPECTOF THE PROPERTY & ALL OTHER PAYMENTS WHATEVER IN RESPECT OF THE PROPERTY

Mortgage Type:	LEGAL MORTGAGE
Date Charge Created:	21/09/04
Date Charge Registered:	22/09/04
Date Charge Satisfied:	23/10/12
Status:	SATISFIED
Person(s) Entitled:	YORKSHIRE BANK
Amount Secured:
Details:	UNIT B2 RAIL MILL WAY, PARKGATE, ROTHERHAMASSIGNS THE GOODWILL OF ALL BUSINESSES FROM TIME TO TIME CARRIED ON AT THE PROPERTY WITH THE BENEFIT OF ALL AUTHORISATIONS PERMITS REGISTRATION CERTIFICATES ORLICENCES OF ANY KIND ALSO BY WAY OF FIXED CHARGE THE EQUIPMENT AND GOODS (IF ANY) AND ALL OTHER FIXTURES FITTINGS PLANTAND MACHINERY AND BY WAY OF FLOATING CHARGE ON OTHER MOVEABLE PLANT MACHINERY FURNITURE EQUIPMENT GOODS AND OTHER EFFECTS WHICH FROM TIME TO TIME ON THE PROPERTY

Mortgage Type:	FIXED CHARGE ON PURCHASED DEBTS WHICH FAIL TO VEST AND OTHER TRADE DEBTS AND FLOATING CHARGE ON PROCEEDS OF OTHER TRADEDEBTS
Date Charge Created:	03/01/01
Date Charge Registered:	06/04/13
Date Charge Satisfied:	-
Status:	SATISFIED
Person(s) Entitled:	YORKSHIRE BANK PLC;
Amount Secured:
Details:	1.BY WAY OF FIXED EQUITABLE CHARGE (I) ALL DEBTS THE SUBJECT OF AN INVOICE DISCOUNTING AGREEMENT BETWEEN THE COMPANY AND THE SECURITY HOLDER THAT FAIL TO VEST ABSOLUTELY IN THE SECURITY HOLDER AND ALL ITS RIGHTS IN FAVOUR OF THE COMPANY RELATED TO SUCH DEBTS AND (II) ALL OTHER AMOUNTS NOW OR AT ANY TIME HEREAFTER OWING OR BECOMING DUE TO THE COMPANY AND ALLRIGHTS RELATING TO SUCH AMOUNTS 2.BY WAY OF FLOATING CHARGE SUCH OF THE MONEYS WHICH THE COMPANY MAY RECEIVE IN RESPECTOF THE AMOUNTS REFERRED TO IN CLAUSE 7 OF THE CHARGESEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	FIXED CHARGE ON DISCOUNTED DEBTS AND A FLOATING CHARGE ON THE RECEIPTS OF OTHERDEBTS
Date Charge Created:	09/09/96
Date Charge Registered:	18/09/96
Date Charge Satisfied:	20/09/06
Status:	SATISFIED
Person(s) Entitled:	CONFIDENTIAL INVOICE DISCOUNTING LIMITED
Amount Secured:	ALL MONIES AND LIABILITIES DUE FROM THECOMPANY TO THE CHARGEE ARISING UNDER ANINVOICE DISCOUNTING AGREEMENT OR OTHERWISE
Details:	FIXED AND FLOATING CHARGES OVER ALL DEBTS THE SUBJECT OF AN INVOICE DISCOUNTINGAGREEMENT AND ALL OTHER DEBTS OWING OR BECOMING DUE TO THE COMPANY AND ALL RIGHTS RELATING THERETO SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

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	12	£42,587

Company Name	Amount	Statement Date
Essex Dry Wall Limited	£11,563	29/10/2009
Unique Building Supplies (Norfolk) Limited	£7,992	30/10/2012
Nowra Enterprises Limited	£6,112	04/03/2010
Eastern Aggregates And Supply Company Ltd	£4,310	14/05/2013
Padfields Builders & Plumbers Merchants Limited	£2,508	21/12/2009
C B S 2010 Limited	£2,384	23/07/2010
Building & Garden Supplies (2007) Limited	£2,343	30/09/2009
Philip Cooper (Builders Merchants) Ltd	£1,519	06/01/2011
Northern Plastering & Dry Lining Supplies Ltd	£1,184	19/04/2013
Caldicot Building Supplies Ltd	£1,020	20/11/2012
Dickinson Timber Merchants Limited	£886	13/01/2010
D B S Building Supplies Limited	£766	16/11/2010

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
WILDMAN & BATTELL LIMITED	1243	40368
SAME-DAY COMPANY SERVICES LIMITED	1449	40181

Average Invoice Value	£9448.55
Invoices available	150
Paid	115
Outstanding	35

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	31	42	39	3	0
Outstanding	6	4	6	9	10

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.67
UK Pound	1	Rs.93.16
Euro	1	Rs.66.42

INFORMATION DETAILS

Analysis Done by :	SUB
Report Prepared by :	ASH

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.