MIRA INFORM REPORT

Report No. :	347064
Report Date :	28.10.2015

IDENTIFICATION DETAILS

Name :	RAYMOND TRAVEL MACHINERY LTD

Formerly Known As :	RAYMOND TRAVEL (MACHINERY) LIMITED RAYMOND TRAVEL LIMITED

Registered Office :	Haybarn House 118 South Street Dorking Surrey RH4 2EU

Country :	United Kingdom

Financials (as on) :	30.09.2014

Date of Incorporation :	12.07.1972

Com. Reg. No.:	01061231

Legal Form :	Private Limited with Share Capital

Line of Business :	Agents Involved in the Sale of Machinery, Industrial Equipment, Ships and Aircraft

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	£29,000

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

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: RAYMOND TRAVEL MACHINERY LTD

Company No: 01061231

Company Status: Active - Accounts Filed

Registered Address: HAYBARN HOUSE 118 SOUTH STREET DORKING SURREY RH4 2EU

Credit Limits: £29,000

Company Summary

Registered Address HAYBARN HOUSE 118 SOUTH STREET, DORKING SURREY, RH4 2EU

Trading Address Haybarn House, 118 South Street, Dorking Surrey RH4 2EU

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

Telephone Number 01306743780

Fax Number -

TPS No

FPS No

Incorporation Date 12/07/1972

Previous Name RAYMOND TRAVEL (MACHINERY) LIMITED

Type Private limited with Share Capital

FTSE Index -

Date of Change 16/01/2010

Filing Date of Accounts 27/11/2014

Currency GBP

Share Capital £707

SIC07 46140

Charity Number -

SIC07 Description AGENTS INVOLVED IN THE SALE OF MACHINERY, INDUSTRIAL

EQUIPMENT, SHIPS AND AIRCRAFT

Principal Activity Agents in industrial equipment.

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

30/09/2014 - - £270,514 -

30/09/2013 - - £220,682 -

30/09/2012 - - £158,267 -

Mortgage Summary

Total Mortgage 1

Outstanding 0

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 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	3
Total Current Secretaries	0
Total Previous Directors / Company Secretaries	2

Current Directors

Name	Pamela Sophia Hart	Date of Birth	09/05/1942
Officers Title	Mrs	Nationality	British
Present Appointments	4	Function	Director
Appointment Date	31/12/1991
Address	43 Wimbledon Close, The Downs, London, SW20 8HL

Name	Paul Daniel Bernard Hart	Date of Birth	07/09/1971
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	04/01/1999
Address	6 The Rosary, Partridge Green, Horsham, West Sussex, RH13 8QX

Name	Jason Mark Edward Hart	Date of Birth	22/07/1973
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	16/12/2002
Address	5 Boleyn Walk, Leatherhead, Surrey, KT22 7HU

Current Company Secretary

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
PAUL HART	GBP	290	ORDINARY	1	41.02
JASON HART	GBP	290	ORDINARY	1	41.02
MRS PAMELA SOPHIA HART	GBP	125	ORDINARY	1	17.68
RAYMOND HART	GBP	1	ORDINARY D	1	0.14
MRS CHARLOTTE HART	GBP	1	ORDINARY B	1	0.14

Financials

Profit & Loss

	Date Of Accounts	30/09/14	(%)	30/09/13	(%)	30/09/12	(%)	30/09/11	(%)	30/09/10
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Turnover	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Cost of Sales	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Gross Profit	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Wages & Salaries	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Directors Emoluments	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Operating Profit	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Depreciation	£1,011	-15%	£1,189	-15%	£1,399	-15%	£1,646	31.3%	£1,254
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Audit Fees	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Interest Payments	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Pre Tax Profit	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Taxation	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Profit After Tax	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	30/09/14	(%)	30/09/13	(%)	30/09/12	(%)	30/09/11	(%)	30/09/10
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Tangible Assets	£30,943	359.3%	£6,737	-15%	£7,926	-15%	£9,325	31.1%	£7,112
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Total Fixed Assets	£30,943	359.3%	£6,737	-15%	£7,926	-15%	£9,325	31.1%	£7,112
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Stock	£5,542	-	0	-100%	£12,539	-44.3%	£22,500	-51.8%	£46,670
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Trade Debtors	£51,673	-62.9%	£139,307	245%	£40,375	-61.2%	£104,148	999.9%	£5,076
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Cash	£278,783	14%	£244,534	66.7%	£146,732	-28.2%	£204,308	43.5%	£142,380
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Other Debtors	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Total Current Assets	£335,998	-12.5%	£383,841	92.3%	£199,646	-39.7%	£330,956	70.5%	£194,126
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Trade Creditors	£96,427	-43.2%	£169,896	244.6%	£49,305	-58.6%	£119,114	159.4%	£45,912
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Other Short Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Total Current Liabilities	£96,427	-43.2%	£169,896	244.6%	£49,305	-58.6%	£119,114	159.4%	£45,912
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Total Long Term Liabilities	0	-	0	-	0	-	0	-	0

Capital & Reserves

	Date Of Accounts	30/09/14	(%)	30/09/13	(%)	30/09/12	(%)	30/09/11	(%)	30/09/10
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Called Up Share Capital	£708	-	£708	0.1%	£707	-	£707	-	£707
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	P & L Account Reserve	£335,511	17.4%	£285,679	28%	£223,265	-22%	£286,165	29.9%	£220,324
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Sundry Reserves	-£65,705	-	-£65,705	-	-£65,705	-	-£65,705	-	-£65,705
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Shareholder Funds	£270,514	22.6%	£220,682	39.4%	£158,267	-28.4%	£221,167	42.4%	£155,326

Other Financial Items

	Date Of Accounts	30/09/14	(%)	30/09/13	(%)	30/09/12	(%)	30/09/11	(%)	30/09/10
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Net Worth	£270,514	22.6%	£220,682	39.4%	£158,267	-28.4%	£221,167	42.4%	£155,326
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Working Capital	£239,571	12%	£213,945	42.3%	£150,341	-29%	£211,842	42.9%	£148,214
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Total Assets	£366,941	-6.1%	£390,578	88.2%	£207,572	-39%	£340,281	69.1%	£201,238
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Total Liabilities	£96,427	-43.2%	£169,896	244.6%	£49,305	-58.6%	£119,114	159.4%	£45,912
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Net Assets	£270,514	22.6%	£220,682	39.4%	£158,267	-28.4%	£221,167	42.4%	£155,326

Cash Flow

	Date Of Accounts	30/09/14	(%)	30/09/13	(%)	30/09/12	(%)	30/09/11	(%)	30/09/10
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	30/09/14	(%)	30/09/13	(%)	30/09/12	(%)	30/09/11	(%)	30/09/10
Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
Capital Employed	£270,514	22.6%	£220,682	39.4%	£158,267	-28.4%	£221,167	42.4%	£155,326
Number of Employees	-	-	-	-	-	-	-	-	-

	Accountants
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	30/09/14	30/09/13	30/09/12	30/09/11	30/09/10
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Pre-tax profit margin %	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Current ratio	3.48	2.26	4.05	2.78	4.23
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Sales/Net Working Capital	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Gearing %	0	0	0	0	0
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Equity in %	73.70	56.50	76.20	65	77.20
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Creditor Days	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Debtor Days	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Liquidity/Acid Test	3.42	2.25	3.79	2.58	3.21
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Return On Capital Employed %	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Return On Total Assets Employed %	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Current Debt Ratio	0.35	0.76	0.31	0.53	0.29
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Total Debt Ratio	0.35	0.76	0.31	0.53	0.29
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\RAYMOND TRAVEL MACHINERY LTD_files\barchart-grey.png$	Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
09/01/2015	Annual Returns
04/12/2014	New Accounts Filed
10/01/2014	Annual Returns
15/11/2013	New Accounts Filed
10/01/2013	Annual Returns
08/12/2012	New Accounts Filed
26/11/2012	Change of Company Postcode
01/06/2012	Change in Reg.Office
01/06/2012	Change of Company Postcode
10/01/2012	Annual Returns
29/11/2011	New Accounts Filed
11/01/2011	Annual Returns
12/11/2010	New Accounts Filed
24/09/2010	Mr R.M. Hart has resigned as company secretary
09/09/2010	Mr R.M. Hart has left the board

Previous Company Names

Date	Previous Name
16/01/2010	RAYMOND TRAVEL (MACHINERY) LIMITED
09/01/2002	RAYMOND TRAVEL LIMITED

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:	MORTGAGE DEBENTURE
Date Charge Created:	19/10/92
Date Charge Registered:	28/10/92
Date Charge Satisfied:	29/01/07
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC,
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	PLEASE SEE DOC FOR FULL DETAILS, A SPECIFIC EQUITABLE CHARGE OVER ALL FREEHOLD AND LEASEHOLD PROPERTIES AND/OR THE PROCEEDS OF SALE THEREOF FIXED AND FLOATING CHARGES OVER UNDERTAKING AND ALLPROPERTYAND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS AND THE BENEFITS OF ANY LICENCES

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Raymond Maurice Hart	3	5
Raymond Maurice Hart	3	5
Average Invoice Value	Ł108.16
Invoices available	18
Paid	18
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	18	0	0	0	0
Outstanding	0	0	0	0	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.64.96
UK Pound	1	Rs.99.73
Euro	1	Rs.71.84

INFORMATION DETAILS

Analysis Done by :	DIV

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.