MIRA INFORM REPORT

Report No. :	351513
Report Date :	26.11.2015

IDENTIFICATION DETAILS

Name :	SONAGOLD LIMITED
Registered Office :	1st Floor, 37 Panton Street, London, SW1Y 4EA
Country :	United Kingdom
Financials (as on) :	31.08.2014
Date of Incorporation :	23.04.2002
Com. Reg. No.:	04422234
Legal Form :	Private Limited with Share Capital
Line of Business :	· Other Business Support Service Activities n.e.c. · Accounts Data Converted from US dollars.
No. of Employees :	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 – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
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. 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: SONAGOLD LIMITED

Company No: 04422234

Company Status: Active - Accounts Filed

Registered Address: 1ST FLOOR 37 PANTON STREET LONDON SW1Y 4EA

Company Summary

Registered Address 1ST FLOOR, 37 PANTON STREET, LONDON, SW1Y 4EA

Trading Address 1st Floor, 37 Panton Street, London, SW1Y 4EA

Website Address -

Telephone Number -

Fax Number -

TPS -

FPS No

Incorporation Date 23/04/2002

Previous Name -

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 28/05/2015

Currency GBP

Share Capital £100

SIC07 82990

Charity Number -

SIC07 Description OTHER BUSINESS SUPPORT SERVICE ACTIVITIES N.E.C.

Principal Activity Accounts data converted from US dollars.

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

31/08/2014 - - £38,134 -

31/08/2013 - - £32,410 -

31/08/2012 - - £23,943 -

Mortgage Summary

Total Mortgage 0

Outstanding 0

Satisfied 0

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	1
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	9

Current Directors

Name	Devaraj Baul	Date of Birth	07/07/1971
Officers Title	Mr	Nationality	Indian
Present Appointments	1	Function	Director
Appointment Date	28/05/2013
Address	1st Floor, 37 Panton Street, London, SW1Y 4EA

Current Company Secretary

Name	RKG TRUSTEE SERVICES LIMITED	Date of Birth	-
Officers Title		Nationality
Present Appointments	34	Function	Company Secretary
Appointment Date	01/12/2009
Address	37 Panton Street, London, SW1Y 4EA

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
DEVARAJ BAUL	GBP	100	ORDINARY	1	100

Financials

Profit & Loss

	Date Of Accounts	31/08/14	(%)	31/08/13	(%)	31/08/12	(%)	31/08/11	(%)	31/08/10
	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	-	-	-	-	-	-	-	-	-
	Audit Fees	-	-	-	-	-	-	-	-	-
	Interest Payments	-	-	-	-	-	-	-	-	-
	Pre Tax Profit	-	-	-	-	-	-	-	-	-
	Taxation	-	-	-	-	-	-	-	-	-
	Profit After Tax	-	-	-	-	-	-	-	-	-
	Dividends Payable	-	-	-	-	-	-	-	-	-
	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	31/08/14	(%)	31/08/13	(%)	31/08/12	(%)	31/08/11	(%)	31/08/10
	Tangible Assets	0	-	0	-	0	-	0	-	0
	Intangible Assets	0	-	0	-	0	-	0	-	0
	Total Fixed Assets	0	-	0	-	0	-	0	-	0
	Stock	0	-	0	-	0	-	0	-	0
	Trade Debtors	£3,379	-57.9%	£8,018	-71.5%	£28,127	-88.4%	£243,275	2.9%	£236,494
	Cash	£52,593	25.4%	£41,923	107.2%	£20,230	2.1%	£19,808	999.9%	£764
	Other Debtors	0	-	0	-	0	-	0	-	0
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£55,972	12.1%	£49,941	3.3%	£48,357	-81.6%	£263,083	10.9%	£237,258
	Trade Creditors	£14,504	1.8%	£14,243	-35%	£21,927	-90.7%	£236,920	11.3%	£212,792
	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	£14,504	1.8%	£14,243	-35%	£21,927	-90.7%	£236,920	11.3%	£212,792
	Bank Loans & Overdrafts and LTL	£3,334	1.4%	£3,288	32.2%	£2,487	-11.8%	£2,821	-44.8%	£5,109
	Other Long Term Finance	0	-	0	-	0	-	0	-	0
	Total Long Term Liabilities	£3,334	1.4%	£3,288	32.2%	£2,487	-11.8%	£2,821	-44.8%	£5,109

.

Capital & Reserves

	Date Of Accounts	31/08/14	(%)	31/08/13	(%)	31/08/12	(%)	31/08/11	(%)	31/08/10
	Called Up Share Capital	£132	-	£132	12.4%	£117	-10.5%	£131	2.5%	£128
	P & L Account Reserve	£38,003	17.7%	£32,279	35.5%	£23,826	2.6%	£23,212	20.7%	£19,229
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	-	-	-	-	-	-	-	-	-
	Shareholder Funds	£38,134	17.7%	£32,410	35.4%	£23,943	2.6%	£23,342	20.6%	£19,356

Other Financial Items

	Date Of Accounts	31/08/14	(%)	31/08/13	(%)	31/08/12	(%)	31/08/11	(%)	31/08/10
	Net Worth	£38,134	17.7%	£32,410	35.4%	£23,943	2.6%	£23,342	20.6%	£19,356
	Working Capital	£41,468	16.2%	£35,698	35.1%	£26,430	1%	£26,163	6.9%	£24,466
	Total Assets	£55,972	12.1%	£49,941	3.3%	£48,357	-81.6%	£263,083	10.9%	£237,258
	Total Liabilities	£17,838	1.7%	£17,531	-28.2%	£24,414	-89.8%	£239,741	10%	£217,902
	Net Assets	£38,134	17.7%	£32,410	35.4%	£23,943	2.6%	£23,342	20.6%	£19,356

Cash Flow

	Date Of Accounts	31/08/14	(%)	31/08/13	(%)	31/08/12	(%)	31/08/11	(%)	31/08/10
	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	31/08/14	(%)	31/08/13	(%)	31/08/12	(%)	31/08/11	(%)	31/08/10
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
	Capital Employed	£41,468	16.2%	£35,698	35.1%	£26,430	1%	£26,163	6.9%	£24,466
	Number of Employees	-	-	-	-	-	-	-	-	-
	Accountants
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	31/08/14	31/08/13	31/08/12	31/08/11	31/08/10
	Pre-tax profit margin %	-	-	-	-	-
	Current ratio	3.86	3.51	2.21	1.11	1.11
	Sales/Net Working Capital	-	-	-	-	-
	Gearing %	8.70	10.10	10.40	12.10	26.40
	Equity in %	68.10	64.90	49.50	8.90	8.20
	Creditor Days	-	-	-	-	-
	Debtor Days	-	-	-	-	-
	Liquidity/Acid Test	3.85	3.50	2.20	1.11	1.11
	Return On Capital Employed %	-	-	-	-	-
	Return On Total Assets Employed %	-	-	-	-	-
	Current Debt Ratio	0.38	0.43	0.91	10.14	10.99
	Total Debt Ratio	0.46	0.54	1.01	10.27	11.25
	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
24/06/2015	New Company Secretary RKG TRUSTEE SERVICES LIMITED appointed
03/06/2015	New Accounts Filed
03/06/2015	New Accounts Filed
11/01/2015	Annual Returns
22/07/2014	New Accounts Filed
22/07/2014	New Accounts Filed
27/06/2014	Annual Returns
08/03/2014	Annual Returns
06/03/2014	S. Gupta has left the board
06/03/2014	New Board Member Mr D. Baul appointed
05/06/2013	New Accounts Filed
05/06/2013	New Accounts Filed
17/12/2012	Annual Returns
01/06/2012	New Accounts Filed
01/06/2012	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

Previous Director/Company Secretaries

Name		Current Directorships	Previous Directorships
Dipak Sen Gupta		4	1
PRIMECHANCE LIMITED		70	11
Tanmay Chakrabarty		0	1
Hetti Samanala		0	1
RKG CONSULTING LTD		0	4
Souleymane Soumahoro		8	3
Somdev Gupta		0	1
TOTAL COMPANY FORMATIONS LIMITED		76	1542
TOTAL COMPANY SECRETARIES LIMITED		117	1569
Average Invoice Value	Ł2025.30
Invoices available	44
Paid	44
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	6	15	5	2	16
Outstanding	0	0	0	0	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.38
UK Pound	1	Rs.100.45
Euro	1	Rs.70.55

INFORMATION DETAILS

Analysis Done by :	TRI
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%)

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