MIRA INFORM REPORT

Report No. :	349506
Report Date :	09.11.2015

IDENTIFICATION DETAILS

Name :	NIKTANYA INTERNATIONAL LIMITED

Registered Office :	1 & 2 Studley Court Mewsstudley Court, Guildford Roadwokinggu 24 8eb

Country :	United Kingdom

Financials (as on) :	30.04.2014

Date of Incorporation :	03.03.2005

Legal Form :	Private limited with Share Capital

Line of Business :	Other Service Activities n.e.c. [We tried to confirm / obtain the detailed activity but the same is not available from any sources]

No. of Employees :	Not Available

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 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

NIKTANYA INTERNATIONAL LIMITED

1 & 2 STUDLEY COURT MEWSSTUDLEY COURT, GUILDFORD ROADWOKINGGU24 8EB

Company No

05382251

Company Status

Active - Accounts Filed

Company Summary

Registered Address 1 & 2 STUDLEY COURT MEWS
STUDLEY COURT, GUILDFORD ROAD
WOKING
GU24 8EB

Trading Address 1 & 2 Studley Court Mews
Studley Court, Guildford Road
Woking
Surrey GU24 8EB
GU24 8EB

28 Kings Drive,

Surbiton, Surrey,

KT5 8NG

Website Address -

Telephone Number -

Fax Number

TPS -

FPS No

Incorporation Date 03/03/2005

Previous Name

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 21/01/2015

Currency GBP

Share Capital £2

SIC07 96090

Charity Number -

SIC07 Description OTHER SERVICE ACTIVITIES N.E.C.

Principal Activity

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

30/04/2014 - - £133,317 -

30/04/2013 - - £125,705 -

30/04/2012 - - £120,842 -

Mortgage Summary

Total Mortgage 2

Outstanding 1

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 Small company in respect of the rating/limit generated.

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

The high debt/equity ratio indicates that assets are funded primarily by creditors rather than equity/reinvested profits.

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	1
Total Previous Directors / Company Secretaries	4

Current Directors

Name	Sanjiv Khanna	Date of Birth	16/08/1962
Officers Title	Mr	Nationality	Indian
Present Appointments	1	Function	Director
Appointment Date	03/03/2005
Address	501 Eassa Hussain Ali Yousaf, Al Majaz Adea, Sharjah

Name	Pietro Intranova	Date of Birth	20/06/1965
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	18/09/2009
Address	28 Kings Drive, Surbiton, Surrey, KT5 8NG

Current Company Secretary

Name	Ann Fletcher	Date of Birth	-
Officers Title	Ms	Nationality	British
Present Appointments	1	Function	Company Secretary
Appointment Date	03/03/2005
Address	Cobbs Hoppers Oast,hatch Lane, Chartham Hatch, Canterbury, Kent, CT4 7LP

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
PIETRO INTRANOVA	GBP	1	ORDINARY	1	50
SANJIV KHANNA	GBP	1	ORDINARY	1	50

Profit & Loss

	Date Of Accounts	30/04/14	(%)	30/04/13	(%)	30/04/12	(%)	30/04/11	(%)	31/03/10
	Weeks	52	(%)	52	(%)	52	(%)	56	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Turnover	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Cost of Sales	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Gross Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Wages & Salaries	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Directors Emoluments	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Operating Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Depreciation	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Audit Fees	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Interest Payments	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Pre Tax Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Taxation	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Profit After Tax	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	30/04/14	(%)	30/04/13	(%)	30/04/12	(%)	30/04/11	(%)	31/03/10
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Tangible Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Total Fixed Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Stock	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Trade Debtors	£1,473,897	21.3%	£1,214,643	164.3%	£459,510	-72.4%	£1,666,548	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Cash	£323,247	37.1%	£235,855	-38%	£380,583	9.7%	£346,832	999.9%	£1,700
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Other Debtors	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Total Current Assets	£1,797,144	23.9%	£1,450,498	72.7%	£840,093	-58.3%	£2,013,380	999.9%	£1,700
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Trade Creditors	£1,663,827	25.6%	£1,324,793	84.2%	£719,251	-62.1%	£1,895,910	999.9%	£1,323
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Other Short Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Total Current Liabilities	£1,663,827	25.6%	£1,324,793	84.2%	£719,251	-62.1%	£1,895,910	999.9%	£1,323
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Total Long Term Liabilities	0	-	0	-	0	-	0	-	0

Capital & Reserves

	Date Of Accounts	30/04/14	(%)	30/04/13	(%)	30/04/12	(%)	30/04/11	(%)	31/03/10
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Called Up Share Capital	£2	-	£2	-	£2	-	£2	-	£2
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	P & L Account Reserve	£133,315	6.1%	£125,703	4%	£120,840	2.9%	£117,468	999.9%	£375
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Sundry Reserves	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Shareholder Funds	£133,317	6.1%	£125,705	4%	£120,842	2.9%	£117,470	999.9%	£377

Other Financial Items

	Date Of Accounts	30/04/14	(%)	30/04/13	(%)	30/04/12	(%)	30/04/11	(%)	31/03/10
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Net Worth	£133,317	6.1%	£125,705	4%	£120,842	2.9%	£117,470	999.9%	£377
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Working Capital	£133,317	6.1%	£125,705	4%	£120,842	2.9%	£117,470	999.9%	£377
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Total Assets	£1,797,144	23.9%	£1,450,498	72.7%	£840,093	-58.3%	£2,013,380	999.9%	£1,700
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Total Liabilities	£1,663,827	25.6%	£1,324,793	84.2%	£719,251	-62.1%	£1,895,910	999.9%	£1,323
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Net Assets	£133,317	6.1%	£125,705	4%	£120,842	2.9%	£117,470	999.9%	£377

Cash Flow

	Date Of Accounts	30/04/14	(%)	30/04/13	(%)	30/04/12	(%)	30/04/11	(%)	31/03/10
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	30/04/14	(%)	30/04/13	(%)	30/04/12	(%)	30/04/11	(%)	31/03/10
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Capital Employed	£133,317	6.1%	£125,705	4%	£120,842	2.9%	£117,470	999.9%	£377
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Number of Employees	-	-	-	-	-	-	-	-	-
	Accountants	THB LLP
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	30/04/14	30/04/13	30/04/12	30/04/11	31/03/10
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Pre-tax profit margin %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Current ratio	1.08	1.09	1.17	1.06	1.28
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Sales/Net Working Capital	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Gearing %	0	0	0	0	0
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Equity in %	7.40	8.70	14.40	5.80	22.20
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Creditor Days	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Debtor Days	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Liquidity/Acid Test	1.08	1.09	1.16	1.06	1.28
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Return On Capital Employed %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Return On Total Assets Employed %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Current Debt Ratio	12.48	10.53	5.95	16.13	3.50
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Total Debt Ratio	12.48	10.53	5.95	16.13	3.50
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NIKTANYA INTERNATIONAL LIMITED_files\barchart-grey.png$	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	Annual Returns
24/01/2015	New Accounts Filed
15/08/2014	Change in Reg.Office
15/08/2014	Change of Company Postcode
25/03/2014	Annual Returns
23/01/2014	New Accounts Filed
01/05/2013	New Accounts Filed
03/04/2013	Annual Returns
28/03/2012	Annual Returns
10/01/2012	New Accounts Filed
20/04/2011	Annual Returns
19/04/2011	Change in Reg.Office
06/01/2011	New Accounts Filed
07/04/2010	Annual Returns
11/03/2010	New Board Member Mr P. Intranova appointed

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:
Date Charge Created:	16/06/15
Date Charge Registered:	23/06/15
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BRITISH ARAB COMMERCIAL BANK PLC;
Amount Secured:
Details:	CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.
Mortgage Type:	DEBENTURE
Date Charge Created:	29/11/11
Date Charge Registered:	01/12/11
Date Charge Satisfied:	15/10/14
Status:	SATISFIED
Person(s) Entitled:	HSBC BANK PLC;
Amount Secured:
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

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Elaine Ann Intranova	1	1
NIKTANYA INTERNATIONAL LIMITED	0	1
WATERLOW NOMINEES LIMITED	3006	104288
WATERLOW SECRETARIES LIMITED	3102	107211
Average Invoice Value		n/a
Invoices available		n/a
Paid		n/a
Outstanding		n/a

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
Outstanding

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.65.79
UK Pound	1	Rs.99.95
Euro	1	Rs.71.55

INFORMATION DETAILS

Analysis Done by :	KIN

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.