MIRA INFORM REPORT

 

 

Report No. :

343604

Report Date :

02.10.2015

 

IDENTIFICATION DETAILS

 

Name :

ASHA EXPO & CO LIMITED

 

 

Registered Office :

77 Blackburn Way Hounslow TW4 5AH

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.07.2014

 

 

Date of Incorporation :

13.07.2007

 

 

Com. Reg. No.:

06311578

 

 

Legal Form :

Private Limited with share Capital

 

 

Line of Business :

Wholesale of Metals and Metal Ores.

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Slow

 

 

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:           ASHA EXPO & CO LIMITED

Company No:                06311578

Company Status:          Active - Accounts Filed

Registered Address:      77 BLACKBURN WAY HOUNSLOW TW4 5AH

 

 

Company Summary

 

Registered Address       77 BLACKBURN WAY, HOUNSLOW, TW4 5AH

Trading Address            77 Blackburn Way, Hounslow, Middlesex, TW4 5AH

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

Telephone Number        02036677239

Fax Number                  --

TPS                              No

FPS                              No

Incorporation Date         13/07/2007

Previous Name              --

Type                             Private limited with Share Capital

FTSE Index                   -

Date of Change             -

Filing Date of Accounts             14/10/2014

Currency                       GBP

Share Capital                £2

SIC07                           46720

Charity Number             -

SIC07 Description         WHOLESALE OF METALS AND METAL ORES

Principal Activity           Non famous metal trading.

 

 

Key Financials

 

Year to Date     Turnover           Pre Tax Profit                Shareholder      Funds Employees

31/07/2014        -                       -                                   £100,947           -

31/07/2013        -                       -                                   £29,803             -

31/07/2012        -                       -                                   -£48,859            -

 

 

Mortgage Summary

 

Total Mortgage                          2

Outstanding                              2

Satisfied                                   0

 

 

Trade Debtors/ Bad Debt Summary

 

Total Number of Documented Trade       1

Total Value of Documented Trade          £75,200

 

 

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.

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

1

 

 

Current Directors

 

Name

Asha Chutke Girmaji Rao

Date of Birth

03/07/1973

Officers Title

Ms

Nationality

Indian

Present Appointments

1

Function

Director

Appointment Date

12/09/2007

Address

77 Blackburn Way, Hounslow, TW4 5AH

 

 

Current Company Secretary

 

Name

Shailender Thakur

Date of Birth

-

Officers Title

Nationality

British

Present Appointments

1

Function

Company Secretary

Appointment Date

13/07/2007

Address

77 Blackburn Way, Hounslow, TW4 5AH

 

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

SHAILENDER THAKUR

GBP

1

ORDINARY

1

50

ASHA CHUTKE

GBP

1

ORDINARY

1

50

 

 

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\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Turnover

-

-

-

-

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Export

-

-

-

-

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Cost of Sales

-

-

-

-

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Gross Profit

-

-

-

-

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Wages & Salaries

-

-

-

-

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Directors Emoluments

-

-

-

-

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Operating Profit

-

-

-

-

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Depreciation

-

-

-

-

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Audit Fees

-

-

-

-

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Interest Payments

-

-

-

-

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Taxation

-

-

-

-

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Profit After Tax

-

-

-

-

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Dividends Payable

-

-

-

-

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Retained Profit

-

-

-

-

-

-

-

-

-

 

 

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\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Tangible Assets

0

-

0

-

0

-

0

-

0

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Intangible Assets

0

-

0

-

0

-

0

-

0

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Total Fixed Assets

0

-

0

-

0

-

0

-

0

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Stock

0

-

0

-

0

-

0

-

0

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Trade Debtors

£664,287

276%

£176,682

-54.8%

£390,846

146.9%

£158,288

-77.2%

£695,510

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Cash

£144,117

999.9%

£9,875

-64.7%

£27,981

999.9%

£444

-96%

£11,052

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Other Debtors

0

-

0

-

0

-

0

-

0

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Miscellaneous Current Assets

£41,400

-

£41,400

-

0

-

0

-

0

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Total Current Assets

£849,804

272.8%

£227,957

-45.6%

£418,827

163.9%

£158,732

-77.5%

£706,562

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Trade Creditors

£748,857

277.9%

£198,154

-57.6%

£467,686

77.8%

£263,087

-66.8%

£793,418

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Other Short Term Finance

0

-

0

-

0

-

0

-

0

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Miscellaneous Current Liabilities

0

-

0

-

0

-

0

-

0

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Total Current Liabilities

£748,857

277.9%

£198,154

-57.6%

£467,686

77.8%

£263,087

-66.8%

£793,418

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Bank Loans & Overdrafts and LTL

0

-

0

-

0

-

0

-

0

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Total Long Term Liabilities

0

-

0

-

0

-

0

-

0

 

 

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\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Called Up Share Capital

£2,000

-

£2,000

-

£2,000

-

£2,000

-

£2,000

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

P & L Account Reserve

£98,947

255.9%

£27,803

154.7%

-£50,859

52.2%

-£106,355

-298.1%

£53,675

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Sundry Reserves

-

-

-

-

-

-

-

100%

-£142,531

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Shareholder Funds

£100,947

238.7%

£29,803

161%

-£48,859

53.2%

-£104,355

-20.1%

-£86,856

 

 

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\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Net Worth

£100,947

238.7%

£29,803

161%

-£48,859

53.2%

-£104,355

-20.1%

-£86,856

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Working Capital

£100,947

238.7%

£29,803

161%

-£48,859

53.2%

-£104,355

-20.1%

-£86,856

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Total Assets

£849,804

272.8%

£227,957

-45.6%

£418,827

163.9%

£158,732

-77.5%

£706,562

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Total Liabilities

£748,857

277.9%

£198,154

-57.6%

£467,686

77.8%

£263,087

-66.8%

£793,418

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Net Assets

£100,947

238.7%

£29,803

161%

-£48,859

53.2%

-£104,355

-20.1%

-£86,856

 

 

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\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_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\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Capital Employed

£100,947

238.7%

£29,803

161%

-£48,859

53.2%

-£104,355

-20.1%

-£86,856

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Number of Employees

-

-

-

-

-

-

-

-

-

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\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Pre-tax profit margin %

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Current ratio

1.13

1.15

0.90

0.60

0.89

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Sales/Net Working Capital

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Gearing %

0

0

0

0

0

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Equity in %

11.90

13.10

-11.70

-65.70

-12.30

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Creditor Days

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Debtor Days

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Liquidity/Acid Test

1.13

1.15

0.89

0.60

0.89

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Return On Capital Employed %

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Return On Total Assets Employed %

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Current Debt Ratio

7.41

6.64

-9.57

-2.52

-9.13

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Total Debt Ratio

7.41

6.64

-9.57

-2.52

-9.13

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO LIMITED_files\barchart-grey.png

Stock Turnover Ratio %

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\ASHA EXPO & CO 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

21/07/2015

Annual Returns

20/10/2014

New Accounts Filed

20/10/2014

New Accounts Filed

20/08/2014

Annual Returns

02/09/2013

New Accounts Filed

16/08/2013

New Accounts Filed

05/08/2013

Annual Returns

21/09/2012

New Accounts Filed

21/09/2012

New Accounts Filed

18/07/2012

Annual Returns

08/03/2012

New Accounts Filed

23/09/2011

Annual Returns

03/09/2010

New Accounts Filed

12/08/2010

Annual Returns

11/08/2010

New Board Member Ms A. Chutke Girmaji Rao 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:

14/05/13

Date Charge Registered:

15/05/13

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

HSBC BANK PLC;

Amount Secured:

Details:

CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE.

Mortgage Type:

Date Charge Created:

14/05/13

Date Charge Registered:

15/05/13

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

HSBC BANK PLC;

Amount Secured:

Details:

CONTAINS FIXED CHARGE.NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE.

 

 

Trade Debtors / Bad Debt Detail

 

Total Number of Documented Trade

Total Value of Documented Trade

Trade Debtors

1

£75,200

 

 

Company Name

Amount

Statement Date

Streamland Limited

£75,200

06/12/2013

 

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

Asha Girmaji Rao Chutke

0

1

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.65.74

UK Pound

1

Rs.99.53

Euro

1

Rs.73.80

 

INFORMATION DETAILS

 

Analysis Done by :

KAS

 

 

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.