MIRA INFORM REPORT

Report No. :	502245
Report Date :	06.04.2018

IDENTIFICATION DETAILS

Name :	BROQUET INTERNATIONAL LIMITED

Formerly Known As :	· KELCITY LIMITED [03/11/1987] · CARBONFLO SALES (U.K.) LIMITED [01/10/1991]

Registered Office :	64 Derwent Close, Rugby, Warwickshire, CV21 1JX

Country :	United Kingdom

Financials (as on) :	28.02.2017

Date of Incorporation :	12.10.1987

Com. Reg. No.:	02176410

Legal Form :	Private Limited with Share Capital

Line of Business :	· Non-specialized wholesale trade · The development and sales of energy conservation products.

No. of Employees :	Not Available

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

Credit Rating

Explanation

Rating Comments

Medium Risk

Business dealings permissible on a regular monitoring basis

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

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

United Kingdom

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	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; 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 the UK’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 then CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which has continued under the Conservative government. However, the deficit still remains one of the highest in the G7, standing at 3.6% of GDP as of 2017, and the UK has pledged to lower its corporation tax from 20% to 17% by 2020. The UK had a debt burden of 90.4% GDP at the end of 2017.

The UK’s economy has begun to slow since the referendum vote to leave the EU in June 2016. A sustained depreciation of the British pound has increased consumer and producer prices, weighing on consumer spending without spurring a meaningful increase in exports. The UK has an extensive trade relationship with other EU members through its single market membership and economic observers have warned the exit will jeopardize its position as the central location for European financial services. Prime Minister MAY is seeking a new “deep and special” trade relationship with the EU following the UK’s exit. However, economists doubt that the UK will be able to preserve the benefits of EU membership without the obligations.

Source : CIA

Company Summary

Registered Address

64 Derwent Close
Rugby
Warwickshire
CV21 1JX

Trading Address

64 Derwent Close
Rugby
Warwickshire
CV21 1JX

Trading Address

56 Percival Road, Rugby, Warwickshire,

CV22 5JT

Website Address http://www.broquet.com

Company Number 02176410

Telephone Number -

Fax Number -

TPS -

FPS Yes

Incorporation Date 12/10/1987

Previous Name CARBONFLO SALES (U.K.) LIMITED

Type Private Limited with Share Capital

FTSE Index -

Date of Change 01/10/1991

Filing Date of Accounts 22/12/2017

Currency GBP

Share Capital £7,350

SIC07 46900

Charity Number -

SIC07 Description Non-specialized wholesale trade

Principal Activity The development and sales of energy conservation products.

Additional Information

CCJ's

0 (£0)

No CCJ Information To Display

Ultimate Holding Company -

Accountant -

Mortgages 1

Group 0 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder	Funds Employees
28.02.2017	-	-	£9,960	-
28.02.2016	-	-	£92,549	-
28.02.2015	-	-	£87,959	-

Mortgage summary

Total Mortgage 1

Outstanding 1

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.

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

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

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	0
Total Previous Directors / Company Secretaries	3	Total Person's With Significant Control	1

Current Directors

Title	Mr	Function	Director
Name	Malcolm David Clements	Nationality	British
Date of Birth	10/1945	Present Appointments	1
Latest Address	64 Derwent Close, Rugby, Warwickshire	Appointment Date	01/08/1989
Post Code	CV21 1JX

Current Company Secretary

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
MALCOLM DAVID CLEMENTS	GBP	7,350	ORDINARY	1	100

Profit & Loss

	Date Of Accounts	28/02/17	(%)	28/02/16	(%)	28/02/15	(%)	28/02/14	(%)	28/02/13
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Turnover	-	-	-	-	-	-	£58,185	-36.9%	£92,175
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Cost of Sales	-	-	-	-	-	-100%	£37,270	278.5%	£9,846
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Gross Profit	-	-	-	-	-	-	£20,915	-74.6%	£82,329
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Wages & Salaries	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Directors Emoluments	-	-	-	-	-	-	£5,500	-23.6%	£7,200
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Operating Profit	-	-	-	-	-	-	-£3,466	-115%	£23,131
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Depreciation	£208	-21.5%	£265	-25.4%	£355	-11.5%	£401	0.8%	£398
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Audit Fees	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Interest Payments	-	-	-	-	-	-	£1,170	-92%	£14,711
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Pre Tax Profit	-	-	-	-	-	-	-£4,636	-155.1%	£8,420
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Taxation	-	-	-	-	-	-	-	100%	-£625
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Profit After Tax	-	-	-	-	-	-	-£4,636	-159.5%	£7,795
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-100%	£8,000
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Retained Profit	-	-	-	-	-	-	-£4,636	-999.9%	-£205

Balance Sheet

	Date Of Accounts	28/02/17	(%)	28/02/16	(%)	28/02/15	(%)	28/02/14	(%)	28/02/13
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Tangible Assets	£950	-18%	£1,158	-18.6%	£1,423	-99.4%	£227,470	-9.7%	£251,989
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Total Fixed Assets	£950	-18%	£1,158	-18.6%	£1,423	-99.4%	£227,470	-9.7%	£251,989
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Stock	£21,360	-5.5%	£22,600	-2.6%	£23,215	-4.9%	£24,417	-10%	£27,117
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Trade Debtors	0	-100%	£82,360	-15.5%	£97,500	-13.3%	£112,480	15%	£97,797
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Cash	0	-	0	-	0	-100%	£270	-53.3%	£578
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Other Debtors	0	-	0	-	0	-100%	£28,011	193.2%	£9,552
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Total Current Assets	£21,360	-79.6%	£104,960	-13.1%	£120,715	-26.9%	£165,178	22.3%	£135,044
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Trade Creditors	£12,350	-9%	£13,569	-60.3%	£34,179	999.9%	£3,041	-82.2%	£17,040
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-	0	-100%	£189,466	-2.9%	£195,029
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Other Short Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Miscellaneous Current Liabilities	0	-	0	-	0	-100%	£39,176	850.9%	£4,120
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Total Current Liabilities	£12,350	-9%	£13,569	-60.3%	£34,179	-85.2%	£231,683	7.2%	£216,189
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	0	-	0	-	0	-100%	£189,466	-5.4%	£200,272
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Total Long Term Liabilities	0	-	0	-	0	-	0	-100%	£5,243

Capital & Reserves

	Date Of Accounts	28/02/17	(%)	28/02/16	(%)	28/02/15	(%)	28/02/14	(%)	28/02/13
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Called Up Share Capital	£7,350	-	£7,350	-	£7,350	-	£7,350	-	£7,350
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	P & L Account Reserve	£2,610	-	-	100%	-£4,590	-23%	-£3,731	-512.3%	£905
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Revaluation Reserve	-	-100%	£85,199	-	£85,199	-45.9%	£157,346	5.1%	£149,696
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Sundry Reserves	-	-	-	-	-	-	-	-100%	£7,650
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Shareholder Funds	£9,960	-89.2%	£92,549	5.2%	£87,959	-45.4%	£160,965	-2.8%	£165,601

Other Financial Items

	Date Of Accounts	28/02/17	(%)	28/02/16	(%)	28/02/15	(%)	28/02/14	(%)	28/02/13
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Net Worth	£9,960	-89.2%	£92,549	5.2%	£87,959	-45.4%	£160,965	-2.8%	£165,601
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Working Capital	£9,010	-90.1%	£91,391	5.6%	£86,536	230.1%	-£66,505	18%	-£81,145
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Total Assets	£22,310	-79%	£106,118	-13.1%	£122,138	-68.9%	£392,648	1.5%	£387,033
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Total Liabilities	£12,350	-9%	£13,569	-60.3%	£34,179	-85.2%	£231,683	4.6%	£221,432
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Net Assets	£9,960	-89.2%	£92,549	5.2%	£87,959	-45.4%	£160,965	-2.8%	£165,601

Cash Flow

	Date Of Accounts	28/02/17	(%)	28/02/16	(%)	28/02/15	(%)	28/02/14	(%)	28/02/13
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	28/02/17	(%)	28/02/16	(%)	28/02/15	(%)	28/02/14	(%)	28/02/13
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Capital Employed	£9,960	-89.2%	£92,549	5.2%	£87,959	-45.4%	£160,965	-5.8%	£170,844
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Number of Employees	-	-	-	-	-	-	-	-	-
	Accountants
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers	NATIONWIDE BUILDING SOCIETY
	Bank Branch Code

Ratios

	Date Of Accounts	28/02/17	28/02/16	28/02/15	28/02/14	28/02/13
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Pre-tax profit margin %	-	-	-	-7.97	9.13
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Current ratio	1.73	7.74	3.53	0.71	0.62
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Sales/Net Working Capital	-	-	-	-0.87	-1.14
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Gearing %	0	0	0	117.70	120.90
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Equity in %	44.60	87.20	72	41	42.80
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Creditor Days	-	-	-	19.02	67.29
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Debtor Days	-	-	-	703.66	386.20
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Liquidity/Acid Test	-	6.06	2.85	0.60	0.49
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Return On Capital Employed %	-	-	-	-2.88	4.92
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Return On Total Assets Employed %	-	-	-	-1.18	2.17
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Current Debt Ratio	1.23	0.14	0.38	1.43	1.30
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Total Debt Ratio	1.23	0.14	0.38	1.43	1.33
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	41.96	29.41
$Description: \\vivek-pc\123 Foreign Report Raw\BROQUET INTERNATIONAL LIMITED_files\barchart-grey.png$	Return on Net Assets Employed %	-	-	-	-2.88	5.08

Report Notes

There are no notes to display.

Status History

Date	Description
15/03/2016	Compulsory strike off cancelled
11/02/2016	Dissolution (First Gazt)

Event History

Date	Description
29/12/2017	New Accounts Filed
22/12/2017	Confirmation Statement
28/12/2016	Annual Returns
16/11/2016	Payment Data Update Received
15/11/2016	New Accounts Filed
06/10/2016	Payment Data Update Received
01/07/2016	Annual Returns
01/07/2016	Annual Returns
29/06/2016	IVENSEC LIMITED has resigned as company secretary
26/06/2016	Annual Returns
13/04/2016	New Accounts Filed
13/04/2016	New Accounts Filed
01/04/2016	Change in Reg.Office
01/04/2016	Change of Company Postcode
03/03/2015	New Accounts Filed

Previous Company Names

Date	Previous Name
01/10/1991	CARBONFLO SALES (U.K.) LIMITED
03/11/1987	KELCITY LIMITED

Writ Details

No writs found

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group StructureFull

No Group Structure

Mortgage Details

Mortgage Type:	LEGAL MORTGAGE
Date Charge Created:	25/01/01
Date Charge Registered:	31/01/01
Date Charge Satisfied:	-
Status:	OUTSTANDING
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:	F/H PROPERTY K/A 7 REGENT PLACE RUGBY T/N WK248097 AND THE PROCEEDS OF SALE THEREOF FLOATING CHARGEOVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT AND AN ASSIGNMENT OF THE GOODWILL AND CONNECTION OF ANY BUSINESS TOGETHER WITH THE FULL BENEFIT OF ALL LICENCES

Previous Director/Company Secretaries

Name	Current Active Appointments			Previous Appointments	Dissolved Companies
Jane Fearn	0			1	3
Peter Geoffrey Fearn	0			1	2
IVENSEC LIMITED	3			22	32
Total Persons With Significant Control		1	Total Statements			0
Active		1	Active			0
Ceased		0	Ceased			0

Active Persons With Significant Control

Name	Mr Malcolm David Clements	Kind	Individual Person With Significant Control
Address	64 Derwent Close, Rugby, Warwickshire	Country Of Residence	England
Post Code	CV21 1JX	Nationality	British
Date of Birth	10/1945	Notified On	29/06/2016
Nature Of Control	Has significant influence or control

Ceased Persons With Significant Control

No Ceased Persons With Significant Control To Display

Active Statements

No Active Statements To Display

Ceased Statements

No Ceased Statements To Display

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 65.06
UK Pound	1	INR 91.50
Euro	1	INR 79.77
GBP	1	INR 90.96

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

INFORMATION DETAILS

Analysis Done by :	DIV

Report Prepared by :	TPT

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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.