MIRA INFORM REPORT

Report No. :	351575
Report Date :	30.11.2015

IDENTIFICATION DETAILS

Name :	FOUR SEASONS FUEL LTD

Registered Office :	Four Seasons Farm, Coneyhurst, West Sussex, RH14 9DG

Country :	United Kingdom

Financials (as on) :	31.07.2014

Date of Incorporation :	11.11.2002

Com. Reg. No.:	04586343

Legal Form :	Private Limited with Share Capital

Line of Business :	· Other Retail Sale Not in Stores, Stalls or Markets · Bottled Gas and Logs.

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

Company Name: FOUR SEASONS FUEL LTD

Company No: 04586343

Company Status: Active - Accounts Filed

Registered Address: FOUR SEASONS FARM CONEYHURST WEST SUSSEX RH14 9DG

Company Summary

Registered Address FOUR SEASONS FARM, CONEYHURST, WEST SUSSEX, RH14 9DG

Trading Address Four Seasons Farm, Coneyhurst Road, Coneyhurst, Billingshurst, West Sussex RH14 9DG

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

Telephone Number 01403783379

Fax Number -

TPS Yes

FPS No

Incorporation Date 11/11/2002

Previous Name -

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 28/04/2015

Currency GBP

Share Capital £100

SIC07 47990

Charity Number -

SIC07 Description OTHER RETAIL SALE NOT IN STORES, STALLS OR MARKETS

Principal Activity Bottled gas and logs.

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

31/07/2014 - - £36,262 -

31/07/2013 - - £65,556 -

31/07/2012 - - £84,621 -

Mortgage Summary

Total Mortgage 2

Outstanding 1

Satisfied 1

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 4

Total Value of Documented Trade £2,194

Commentary

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

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

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

The latest cash balances are considered to be low in terms of the overall outstanding creditor obligations.

There has been a reduction 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	1

Current Directors

Name	Jeremy Gordon Harris	Date of Birth	10/10/1964
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	11/11/2002
Address	1 Windmill Place Rectory Lane, Ashington, Pulborough, West Sussex, RH20 3LF

Name	Nicholas Warren Harris	Date of Birth	02/05/1969
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	01/11/2010
Address	Four Seasons Farm, Coneyhurst, West Sussex, RH14 9DG

Current Company Secretary

Name	Helen May Harris	Date of Birth	12/08/1940
Officers Title	Mrs	Nationality	British
Present Appointments	3	Function	Company Secretary
Appointment Date	11/11/2002
Address	Four Seasons Farm, Coneyhurst, Billingshurst, West Sussex, RH14 9DG

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
J.G. HARRIS	GBP	60	ORDINARY	1	60
N.W. HARRIS	GBP	30	ORDINARY	1	30
S. HARRIS	GBP	10	ORDINARY	1	10

FINANCIALS

Profit & Loss

	Date Of Accounts	31/07/14	(%)	31/07/13	(%)	31/07/12	(%)	31/07/11	(%)	31/07/10
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Turnover	-	-	-	-	-	-	-	-	£791,682
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Cost of Sales	-	-	-	-	-	-	-	-100%	£602,063
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Gross Profit	-	-	-	-	-	-	-	-	£189,619
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Wages & Salaries	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Directors Emoluments	-	-	-	-	-	-	-	-	£5,700
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Operating Profit	-	-	-	-	-	-	-	-	£47,090
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Depreciation	£64,932	57.2%	£41,310	26.3%	£32,718	20%	£27,267	25.1%	£21,802
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Audit Fees	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Interest Payments	-	-	-	-	-	-	-	-	£2,483
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Pre Tax Profit	-	-	-	-	-	-	-	-	£44,607
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Taxation	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Profit After Tax	-	-	-	-	-	-	-	-	£44,607
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	£44,277
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Retained Profit	-	-	-	-	-	-	-	-	£330

Balance Sheet

	Date Of Accounts	31/07/14	(%)	31/07/13	(%)	31/07/12	(%)	31/07/11	(%)	31/07/10
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Tangible Assets	£766,977	12.9%	£679,093	41.6%	£479,540	112.1%	£226,075	20.8%	£187,200
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Total Fixed Assets	£766,977	12.9%	£679,093	41.6%	£479,540	112.1%	£226,075	20.8%	£187,200
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Stock	£56,000	-	£56,000	19.1%	£47,000	-16.1%	£56,000	12%	£50,000
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Trade Debtors	£105,051	-9.9%	£116,531	32.7%	£87,836	4.7%	£83,877	82.8%	£45,874
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Cash	£1,293	-	0	-	0	-	0	-	0
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Other Debtors	0	-	0	-	0	-	0	-100%	£18,637
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Total Current Assets	£162,344	-5.9%	£172,531	28%	£134,836	-3.6%	£139,877	22.2%	£114,511
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Trade Creditors	£152,640	2.7%	£148,622	-6%	£158,068	67.6%	£94,334	150.9%	£37,604
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-100%	£21,190
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Other Short Term Finance	0	-	0	-	0	-	0	-100%	£8,458
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-100%	£4,605
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Total Current Liabilities	£152,640	2.7%	£148,622	-6%	£158,068	67.6%	£94,334	31.3%	£71,857
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	£740,419	16.2%	£637,446	71.5%	£371,687	95.8%	£189,802	-2%	£193,761
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	0	-100%	£161,299
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Total Long Term Liabilities	£740,419	16.2%	£637,446	71.5%	£371,687	95.8%	£189,802	10%	£172,571

Capital & Reserves

	Date Of Accounts	31/07/14	(%)	31/07/13	(%)	31/07/12	(%)	31/07/11	(%)	31/07/10
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Called Up Share Capital	£100	-	£100	-	£100	-	£100	-	£100
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	P & L Account Reserve	£36,162	-44.8%	£65,456	-22.6%	£84,521	3.4%	£81,716	42.9%	£57,183
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Sundry Reserves	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Shareholder Funds	£36,262	-44.7%	£65,556	-22.5%	£84,621	3.4%	£81,816	42.8%	£57,283

Other Financial Items

	Date Of Accounts	31/07/14	(%)	31/07/13	(%)	31/07/12	(%)	31/07/11	(%)	31/07/10
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Net Worth	£36,262	-44.7%	£65,556	-22.5%	£84,621	3.4%	£81,816	42.8%	£57,283
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Working Capital	£9,704	-59.4%	£23,909	202.9%	-£23,232	-151%	£45,543	6.8%	£42,654
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Total Assets	£929,321	9.1%	£851,624	38.6%	£614,376	67.9%	£365,952	21.3%	£301,711
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Total Liabilities	£893,059	13.6%	£786,068	48.4%	£529,755	86.4%	£284,136	16.2%	£244,428
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Net Assets	£36,262	-44.7%	£65,556	-22.5%	£84,621	3.4%	£81,816	42.8%	£57,283

Cash Flow

	Date Of Accounts	31/07/14	(%)	31/07/13	(%)	31/07/12	(%)	31/07/11	(%)	31/07/10
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	31/07/14	(%)	31/07/13	(%)	31/07/12	(%)	31/07/11	(%)	31/07/10
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Capital Employed	£776,681	10.5%	£703,002	54.1%	£456,308	68%	£271,618	18.2%	£229,854
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Number of Employees	-	-	-	-	-	-	-	-	7
	Accountants
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	31/07/14	31/07/13	31/07/12	31/07/11	31/07/10
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Pre-tax profit margin %	-	-	-	-	5.63
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Current ratio	1.06	1.16	0.85	1.48	1.59
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Sales/Net Working Capital	-	-	-	-	18.56
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Gearing %	2041.90	972.40	439.20	232	338.30
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Equity in %	3.90	7.70	13.80	22.40	19
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Creditor Days	-	-	-	-	17.28
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Debtor Days	-	-	-	-	21.09
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Liquidity/Acid Test	0.69	0.78	0.55	0.88	0.89
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Return On Capital Employed %	-	-	-	-	19.40
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Return On Total Assets Employed %	-	-	-	-	14.78
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Current Debt Ratio	4.20	2.26	1.86	1.15	1.25
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Total Debt Ratio	24.62	11.99	6.26	3.47	4.26
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	6.31
$Description: \\VIVEK-PC\123 Foreign Report Raw\FOUR SEASONS FUEL LTD_files\barchart-grey.png$	Return on Net Assets Employed %	-	-	-	-	77.87

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
26/10/2015	Annual Returns
09/05/2015	New Accounts Filed
17/11/2014	Annual Returns
30/10/2013	Annual Returns
30/10/2013	New Accounts Filed
20/11/2012	New Accounts Filed
27/10/2012	Annual Returns
12/12/2011	Annual Returns
12/12/2011	New Accounts Filed
16/11/2010	New Accounts Filed
03/11/2010	New Board Member Mr N.W. Harris appointed
19/10/2010	Annual Returns
22/12/2009	Annual Returns
20/11/2009	New Accounts Filed
30/10/2009	Annual Returns

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:	DEBENTURE
Date Charge Created:	08/08/12
Date Charge Registered:	15/08/12
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS 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:	DEBENTURE
Date Charge Created:	19/11/10
Date Charge Registered:	05/09/13
Date Charge Satisfied:	-
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC;
Amount Secured:
Details:	FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL UNCALLED CAPITAL BUILDINGS FIXTURES PLANT ANDMACHINERY

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	4	£2,194
Company Name	Amount	Statement Date
J R K Hickling Ltd	£1,577	26/02/2014
The Vinyard (Hassocks) Ltd	£276	26/07/2012
Gofers Printing Company Limited	£226	06/05/2011
Amtechnica Limited	£115	26/09/2012

Previous Director/Company Secretaries

Name		Current Directorships	Previous Directorships
SWIFT INCORPORATIONS LIMITED		2579	263489
Average Invoice Value	Ł113.94
Invoices available	43
Paid	43
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	27	10	4	0	2
Outstanding	0	0	0	0	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.75
UK Pound	1	Rs.100.68
Euro	1	Rs.70.88
GBP	1	Rs.100.41

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

INFORMATION DETAILS

Analysis Done by :	KIN

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.