MIRA INFORM REPORT

Report No. :	502217
Report Date :	07.04.2018

IDENTIFICATION DETAILS

Name :	AAR TEE COMMODITIES (UK) LTD.

Registered Office :	3rd Floor, 33 Cavendish Square, London W1g 0pw

Country :	United Kingdom

Financials (as on) :	30.09.2016

Date of Incorporation :	13.07.2012

Com. Reg. No.:	08143121

Legal Form :	Private Limited with Share Capital

Line of Business :	· Wholesale of metals and metal ores · Trader in ferrous and non-ferrous metals. Accounts converted from US Dollar.

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

Acceptable Risk

Business dealings permissible with moderate risk of default

Status :	Satisfactory

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 name and address

Company Name: AAR TEE COMMODITIES (UK) LTD.

Company No: 08143121

Company Status: Active - Accounts Filed

Registered Address: 3RD FLOOR, 33 CAVENDISH SQUARELONDONW1G 0PW

Company Summary

Registered Address 3RD FLOOR, 33 CAVENDISH SQUARE, LONDON W1G 0PW

Trading Address 3RD 33 Cavendish Square, London W1G 0PW

Website Address --

Telephone Number --

Fax Number --

TPS --

FPS Yes

Incorporation Date 13/07/2012

Previous Name --

Type Private limited with Share Capital

FTSE Index --

Date of Change --

Filing Date of Accounts 27/05/2017

Currency GBP

Share Capital £263,430

SIC07 46720

Charity Number --

SIC07 Description WHOLESALE OF METALS AND METAL ORES

Principal Activity Trader in ferrous and non ferrous metals. Accounts converted from US Dollar.

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company AAR TEE GROUP PTE LTD

Accountant --

Mortgages 0

Group 2 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder's Funds Employees

30/09/2016 £284,795,657 £133,401 £15,326,280 --

31/12/2015 £387,322,293 £101,936 £7,473,033 1

31/12/2014 £375,096,001 £58,207 £135,629 1

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 Large company in respect of the rating/limit generated.

This company's return on total assets employed ratio indicates a relatively efficient use of assets.

This company's ratio of total liabilities to total assets indicates the presence of moderate equity funding.

The company has more cash than short term bank borrowings.

This company trades in an industry with a lower 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	0
Total Previous Directors / Company Secretaries	0	Total Person's With Significant Control	1

Current Directors

Title	Mr	Function	Director
Name	Hitesh Kanji Pattani	Nationality	British
Date of Birth	01/1961	Present Appointments	2
Latest Address	3rd Floor, 33 Cavendish Square, London	Appointment Date	24/03/2016
Post Code	W1G 0PW

Title	Mr	Function	Director
Name	Ravi Kumar Trehan	Nationality	Indian
Date of Birth	01/1959	Present Appointments	2
Latest Address	3rd Floor, 33 Cavendish Square, London	Appointment Date	13/07/2012
Post Code	W1G 0PW

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
AAR TEE GROUP PTE LIMITED	GBP	263,430	ORDINARY	1	100

Profit & Loss

	Date Of Accounts	30/09/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	-
	Weeks	39	(%)	52	(%)	52	(%)	77	(%)	-
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	-
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Turnover	£284,795,657	-26.5%	£387,322,293	3.3%	£375,096,001	-21.3%	£476,911,357	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Export	£155,025,342	-48.2%	£299,257,700	17.5%	£254,657,651	-46.6%	£476,911,357	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Cost of Sales	£284,604,871	-26.5%	£387,061,939	3.2%	£374,976,102	-21.3%	£476,692,907	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Gross Profit	£190,786	-26.7%	£260,355	117.1%	£119,899	-45.1%	£218,450	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Wages & Salaries	-	-100%	£92,937	-	-	-100%	£116,558	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Directors Emoluments	-	-100%	£92,937	-	-	-100%	£116,558	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Operating Profit	£133,401	30.9%	£101,936	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Depreciation	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Audit Fees	£8,367	-30.7%	£12,071	26.8%	£9,519	11.3%	£8,555	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Interest Payments	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Pre Tax Profit	£133,401	30.9%	£101,936	75.1%	£58,207	-39.3%	£95,887	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Taxation	-£24,887	-24.3%	-£20,026	-67%	-£11,989	40.5%	-£20,148	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Profit After Tax	£108,514	32.5%	£81,910	77.2%	£46,218	-39%	£75,740	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Retained Profit	£108,514	32.5%	£81,910	77.2%	£46,218	-39%	£75,740	-	-

Balance Sheet

	Date Of Accounts	30/09/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Tangible Assets	0	-100%	£4,065,985	-	0	-	0	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Total Fixed Assets	0	-100%	£4,065,985	-	0	-	0	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Stock	0	-	0	-	0	-100%	£1,554,102	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Trade Debtors	£34,100,570	-0.6%	£34,291,848	60.4%	£21,373,609	-39.8%	£35,501,077	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Cash	£40,974	160.9%	£15,704	363.8%	£3,386	-99.6%	£778,334	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Other Debtors	£408	-	0	-100%	£10,276,900	999.9%	£87	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Total Current Assets	£34,141,952	-0.5%	£34,307,552	8.4%	£31,653,894	-16.3%	£37,833,600	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Trade Creditors	£18,756,310	-39%	£30,758,004	26.5%	£24,308,038	-33.3%	£36,443,227	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Other Short Term Finance	0	-100%	£77,157	-98.9%	£7,149,979	-	0	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Miscellaneous Current Liabilities	£59,363	-9.2%	£65,343	8.5%	£60,248	-95.4%	£1,314,533	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Total Current Liabilities	£18,815,672	-39.1%	£30,900,504	-2%	£31,518,266	-16.5%	£37,757,761	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	0	-	0	-	0	-	0	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	0	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Total Long Term Liabilities	0	-	0	-	0	-	0	-	-

Capital & Reserves

	Date Of Accounts	30/09/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Called Up Share Capital	£14,998,383	106.8%	£7,253,649	999.9%	£118	17.9%	£100	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	P & L Account Reserve	£327,897	49.5%	£219,384	61.9%	£135,511	78.9%	£75,740	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Sundry Reserves	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Shareholder Funds	£15,326,280	105.1%	£7,473,033	999.9%	£135,629	78.8%	£75,840	-	-

Other Financial Items

	Date Of Accounts	30/09/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Net Worth	£15,326,280	105.1%	£7,473,033	999.9%	£135,629	78.8%	£75,840	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Working Capital	£15,326,280	349.8%	£3,407,048	999.9%	£135,629	78.8%	£75,840	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Total Assets	£34,141,952	-11%	£38,373,537	21.2%	£31,653,894	-16.3%	£37,833,600	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Total Liabilities	£18,815,672	-39.1%	£30,900,504	-2%	£31,518,266	-16.5%	£37,757,761	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Net Assets	£15,326,280	105.1%	£7,473,033	999.9%	£135,629	78.8%	£75,840	-	-

Cash Flow

	Date Of Accounts	30/09/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Net Cashflow from Operations	-£11,693,445	-390.8%	£4,020,452	149.9%	-£8,064,206	-999.9%	£778,234	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Net Cashflow before Financing	-£7,642,306	-999.9%	-£64,887	99.2%	-£8,064,206	-999.9%	£778,234	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Net Cashflow from Financing	£7,667,577	999.9%	£77,157	-98.9%	£7,149,979	999.9%	£100	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Increase in Cash	£25,270	106%	£12,269	101.3%	-£914,227	-217.5%	£778,334	-	-

Miscellaneous

	Date Of Accounts	30/09/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	-
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Capital Employed	£15,326,280	105.1%	£7,473,033	999.9%	£135,629	78.8%	£75,840	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Number of Employees	-	-	1	-	1	-	1	-	-
	Accountants
	Auditors	KING & KING
	Auditor Comments	The audit report contains no adverse comments
	Bankers	BANK OF BARODA
	Bank Branch Code	60-93-74

Ratios

	Date Of Accounts	30/09/16	31/12/15	31/12/14	31/12/13	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Pre-tax profit margin %	0.05	0.03	0.02	0.02	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Current ratio	1.81	1.11	1	1	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Sales/Net Working Capital	18.58	113.68	2765.61	6288.43	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Gearing %	0	0	0	0	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Equity in %	44.90	19.50	0.40	0.20	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Creditor Days	17.97	28.90	23.58	41.18	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Debtor Days	32.68	32.22	20.74	40.12	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Liquidity/Acid Test	1.81	1.11	1	0.96	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Return On Capital Employed %	0.87	1.36	42.91	126.43	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Return On Total Assets Employed %	0.39	0.26	0.18	0.25	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Current Debt Ratio	1.22	4.13	232.38	497.86	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Total Debt Ratio	1.22	4.13	232.38	497.86	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	0.32	-
$Description: \\vivek-pc\123 Foreign Report Raw\AAR TEE COMMODITIES (UK) LTD._files\barchart-grey.png$	Return on Net Assets Employed %	0.87	1.36	42.91	126.43	-

Report Notes

There are no notes to display.

Status History

Date	Description
24/04/2015	Restored to Index

Event History

Date	Description
20/07/2017	Confirmation Statement
09/06/2017	New Accounts Filed
09/06/2017	New Accounts Filed
12/09/2016	New Accounts Filed
12/09/2016	New Accounts Filed
24/07/2016	Annual Returns
15/04/2016	New Board Member Mr H.K. Pattani appointed
31/03/2016	Change in Reg.Office
31/03/2016	Change of Company Postcode
31/03/2016	New Board Member Mr H.K. Pattani appointed
22/12/2015	Annual Returns
19/12/2015	Annual Returns
24/11/2015	New Accounts Filed
24/11/2015	New Accounts Filed
01/09/2015	Annual Returns

Previous Company Names

No Previous Names found

Writ Details

No writs found

Statistics

Group	2 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status	Wholly Owned
Ultimate Holding Company	AAR TEE GROUP PTE LTD

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
AAR TEE GROUP PTE LTD	N/A	-	-
AAR TEE COMMODITIES (U...	08143121	30.09.2016	N	£284,795,657

Statistics

Group	2 companies
Linkages	0 companies
Countries	In 0 countries

Previous Director/ Company Secretaries

No Previous Director Details
Total Persons With Significant Control	1	Total Statements	0
Active	1	Active	0
Ceased	0	Ceased	0

Active Persons With Significant Control

Name	Aartee Group Pte Ltd	Kind	Corporate Entity With Significant Control
Address	171 Tras Street, #04-171a, Union Building, Singapore, Singapore	Notified On	06/04/2016
Post Code	-	Legal Form	Private Limited
Authority	Companies Law	Place Registered	Accounting And Corporate Regulatory Authority
Country Registered	Singapore	Registration Number	201201877h
Nature Of Control	Ownership of shares - above 75%

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
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	INR 64.99
UK Pound	1	INR 90.96
Euro	1	INR 79.51
GBP	1	INR 91.45

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

INFORMATION DETAILS

Analysis Done by :	NIY

Report Prepared by :	NIT

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.