3decades

MIRA INFORM REPORT

Report No. :	502845
Report Date :	10.04.2018

IDENTIFICATION DETAILS

Name :	HGL DYNAMICS LIMITED

Formerly Known As :	STYLEWAY TRADING LIMITED

Registered Office :	Little Barsden Field Lane Godalming Gu7 3jt

Country :	United Kingdom

Financials (as on) :	30.09.2016

Date of Incorporation :	20.09.1999

Com. Reg. No.:	03844513

Legal Form :	Private limited with Share Capital

Line of Business :	· Information technology consultancy activities · The provision of consultancy services to the computer industry.

No. of Employees :	Not available

RATING & COMMENTS

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

MIRA’s Rating :

A+

Credit Rating	Explanation	Rating Comments
A+	Low Risk	Business dealings permissible with low risk of default

Status :	Excellent

Payment Behaviour :	Regular

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: HGL DYNAMICS LIMITED

Company No: 03844513

Registered Address: LITTLE BARSDEN FIELD LANE GODALMING GU7 3JT

Company Summary

Registered Address LITTLE BARSDEN
FIELD LANE
GODALMING
GU7 3JT

Trading Address Little Barsden
Field Lane
Godalming
Surrey
GU7 3JT

Website Address http://www.hgl-dynamics.com

Telephone Number 01483415177

Fax Number

TPS No

FPS Yes

Incorporation Date 20/09/1999

Previous Name STYLEWAY TRADING LIMITED

Type Private limited with Share Capital

FTSE Index -

Date of Change 09/02/2000

Filing Date of Accounts 23/06/2017

Currency GBP

Share Capital £100

SIC07 62020

Charity Number -

SIC07 Description INFORMATION TECHNOLOGY CONSULTANCY ACTIVITIES

Principal Activity The provision of consultancy services to the computer industry.

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company -

Accountant -

Mortgages 2

Group 0 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

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

30/09/2016 - - £498,164 -

30/09/2015 - - £445,097 -

30/09/2014 - - £376,886 -

Mortgage Summary

Total Mortgage 2

Outstanding 2

Satisfied 0

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 0

Total Value of Documented Trade £0

Commentary

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

Current Directors

Title	Mr	Function	Director
Name	James Roth Hone	Nationality	British
Date of Birth	08/1965	Present Appointments	1
Latest Address	Hamilton Barr House Bridge Mews, Godalming, Surrey	Appointment Date	02/02/2000
Post Code	GU7 1HZ
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report	View Compliance Report

Current Company Secretary

Title	Ms	Function	Company Secretary
Name	Emma Elizabeth Hone	Nationality	British
Date of Birth	-	Present Appointments	1
Latest Address	Hamilton Barr House Bridge Mews, Godalming, Surrey	Appointment Date	02/02/2000
Post Code	GU7 1HZ
Other Actions		View Consumer Report	View Trace Report
	View Compliance Report

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
JAMES ROTH HONE & EMMA ELIZABETH HONE	GBP	5,000	ORDINARY	0.01	50
ANDREW DUNCAN LAW	GBP	5,000	ORDINARY	0.01	50
1

Financials

Profit & Loss

	Date Of Accounts	30/09/16	(%)	30/09/15	(%)	30/09/14	(%)	30/09/13	(%)	30/09/12
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Turnover	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Cost of Sales	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Gross Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Wages & Salaries	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Directors Emoluments	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Operating Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Depreciation	£77,737	340.8%	£17,634	61%	£10,950	-	-	-100%	£10,385
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Audit Fees	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Interest Payments	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Pre Tax Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Taxation	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Profit After Tax	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	30/09/16	(%)	30/09/15	(%)	30/09/14	(%)	30/09/13	(%)	30/09/12
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Tangible Assets	£267,187	222.8%	£82,763	31.8%	£62,799	22.9%	£51,099	-6.4%	£54,595
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Total Fixed Assets	£267,187	222.8%	£82,763	31.8%	£62,799	22.9%	£51,099	-6.4%	£54,595
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Stock	£168,705	42.2%	£118,614	999.9%	£9,344	-98.3%	£549,134	843.1%	£58,226
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Trade Debtors	£816,844	-9.6%	£904,059	4.6%	£864,595	52.6%	£566,464	-15.7%	£671,643
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Cash	£392,953	130.3%	£170,620	-23%	£221,660	999.9%	£1,637	32.1%	£1,239
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Other Debtors	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Total Current Assets	£1,378,502	15.5%	£1,193,293	8.9%	£1,095,599	-1.9%	£1,117,235	52.8%	£731,108
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Trade Creditors	£819,143	24.2%	£659,595	12.2%	£587,629	-27.1%	£805,700	70.2%	£473,414
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Other Short Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Total Current Liabilities	£819,143	24.2%	£659,595	12.2%	£587,629	-27.1%	£805,700	70.2%	£473,414
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	£328,382	91.6%	£171,364	-11.6%	£193,883	11.5%	£173,883	0.8%	£172,523
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Total Long Term Liabilities	£328,382	91.6%	£171,364	-11.6%	£193,883	11.5%	£173,883	0.8%	£172,523

Capital & Reserves

	Date Of Accounts	30/09/16	(%)	30/09/15	(%)	30/09/14	(%)	30/09/13	(%)	30/09/12
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Called Up Share Capital	£100	-	£100	-	£100	-	£100	-	£100
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	P & L Account Reserve	£498,064	11.9%	£444,997	18.1%	£376,786	99.7%	£188,651	35.1%	£139,666
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Sundry Reserves	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Shareholder Funds	£498,164	11.9%	£445,097	18.1%	£376,886	99.7%	£188,751	35%	£139,766

Other Financial Items

	Date Of Accounts	30/09/16	(%)	30/09/15	(%)	30/09/14	(%)	30/09/13	(%)	30/09/12
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Net Worth	£498,164	11.9%	£445,097	18.1%	£376,886	99.7%	£188,751	35%	£139,766
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Working Capital	£559,359	4.8%	£533,698	5.1%	£507,970	63.1%	£311,535	20.9%	£257,694
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Total Assets	£1,645,689	29%	£1,276,056	10.2%	£1,158,398	-0.9%	£1,168,334	48.7%	£785,703
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Total Liabilities	£1,147,525	38.1%	£830,959	6.3%	£781,512	-20.2%	£979,583	51.7%	£645,937
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Net Assets	£498,164	11.9%	£445,097	18.1%	£376,886	99.7%	£188,751	35%	£139,766

Cash Flow

	Date Of Accounts	30/09/16	(%)	30/09/15	(%)	30/09/14	(%)	30/09/13	(%)	30/09/12
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	30/09/16	(%)	30/09/15	(%)	30/09/14	(%)	30/09/13	(%)	30/09/12
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Capital Employed	£826,546	34.1%	£616,461	8%	£570,769	57.4%	£362,634	16.1%	£312,289
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Number of Employees	-	-	-	-	-	-	-	-	-
	Accountants
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers	LLOYDS TSB BANK PLC
	Bank Branch Code

Ratios

	Date Of Accounts	30/09/16	30/09/15	30/09/14	30/09/13	30/09/12
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Pre-tax profit margin %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Current ratio	1.68	1.81	1.86	1.39	1.54
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Sales/Net Working Capital	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Gearing %	65.90	38.50	51.40	92.10	123.40
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Equity in %	30.30	34.90	32.50	16.20	17.80
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Creditor Days	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Debtor Days	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Liquidity/Acid Test	1.47	1.62	1.84	0.70	1.42
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Return On Capital Employed %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Return On Total Assets Employed %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Current Debt Ratio	1.64	1.48	1.55	4.26	3.38
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Total Debt Ratio	2.30	1.86	2.07	5.18	4.62
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\HGL Dynamics Ltd_files\barchart-grey.png$	Return on Net Assets Employed %	-	-	-	-	-

Event History View Documents

Date	Description
25/09/2017	Confirmation Statement
08/08/2017	Mr A.D. Law has left the board
27/06/2017	New Accounts Filed
18/05/2017	Payment Data Update Received
25/09/2016	Annual Returns
28/06/2016	New Accounts Filed
27/09/2015	Annual Returns
23/06/2015	New Accounts Filed
28/09/2014	Annual Returns
12/07/2014	New Accounts Filed
30/09/2013	Annual Returns
29/05/2013	New Accounts Filed
29/09/2012	Annual Returns
30/06/2012	New Accounts Filed
12/11/2011	Annual Returns

Previous Company Names

Date	Previous Name
09/02/2000	STYLEWAY TRADING 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

Statistics

Group	0 companies
Linkages	0 companies
Countries	In 0 countries

Mortgage Details

Mortgage Type:	DEBENTURE
Date Charge Created:	02/10/06
Date Charge Registered:	10/10/06
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	LLOYDS TSB 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 CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY
Mortgage Type:	RENT DEPOSIT DEED
Date Charge Created:	02/01/01
Date Charge Registered:	15/01/01
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	ROGER FREDERICK DAVEY
Amount Secured:	£3,125.00 DUE OR TO BECOME DUE FROM THECOMPANY TO THE CHARGEE PURSUANT TO THE PROVISIONS OF THE RENTDEPOSIT DEED
Details:	THE SECURITY DEPOSIT (BEING THE SUM OF £3,125)

Previous Director/Company Secretaries

Name	Current Active Appointments		Previous Appointments	Dissolved Companies
Andrew Duncan Law	0		1	0
GRANT DIRECTORS LIMITED	0		486	3446
GRANT SECRETARIES LIMITED	0		486	3425
Total Persons With Significant Control	3	Total Statements		1
Active	3	Active		0
Ceased	0	Ceased		1

Active Persons With Significant Control

Name	James Roth Hone	Kind	Individual Person With Significant Control
Address	Hamilton Barr House Bridge Mews, Godalming, Surrey	Country Of Residence	United Kingdom
Post Code	GU7 1HZ	Nationality	British
Date of Birth	08/1965	Notified On	06/04/2016
Nature Of Control	Ownership Of Shares 25 To 50 Percent,Voting Rights 25 To 50 Percent
Name	Andrew Duncan Law	Kind	Individual Person With Significant Control
Address	Hamilton Barr House Bridge Mews, Godalming, Surrey	Country Of Residence	United Kingdom
Post Code	GU7 1HZ	Nationality	British
Date of Birth	06/1970	Notified On	06/04/2016
Nature Of Control	Ownership Of Shares 25 To 50 Percent,Voting Rights 25 To 50 Percent

Name	Mrs Emma Elizabeth Hone	Kind	Individual Person With Significant Control
Address	Hamilton Barr House Bridge Mews, Godalming, Surrey	Country Of Residence	United Kingdom
Post Code	GU7 1HZ	Nationality	British
Date of Birth	05/1971	Notified On	06/04/2016
Nature Of Control	Ownership Of Shares 25 To 50 Percent,Voting Rights 25 To 50 Percent

Ceased Persons With Significant Control

No Ceased Persons With Significant Control To Display

Active Statements

No Active Statements To Display

Ceased Statements

Statement	The company has not yet completed taking reasonable steps to find out if there is anyone who is a registrable person or a registrable relevant legal entity in relation to the company
Notified On	20/09/2016	Ceased On	20/09/2016

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 64.93
UK Pound	1	INR 91.50
Euro	1	INR 79.69
GBP	1	INR 91.74

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

INFORMATION DETAILS

Analysis Done by :	VAR

Report Prepared by :	KET

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.