3decades

MIRA INFORM REPORT

Report No. :	490401
Report Date :	06.02.2018

IDENTIFICATION DETAILS

Name :	CONCRETE CANVAS LIMITED

Formerly Known As :	CRAWFORD BREWIN LIMITED

Registered Office :	Unit 3 Block A22 Severn Road Treforest Industrial Estate Pontypridd CF37 5SP

Country :	United Kingdom

Financials (as on) :	31.08.2017

Date of Incorporation :	16.08.2005

Com. Reg. No.:	05537361

Legal Form :	Private limited with Share Capital

Line of Business :	Manufacture of fibre cement

No. of Employees :	33 (2017)

RATING & COMMENTS

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

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
A	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

(30.06.2017)

Current Rating

(30.09.2017)

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

CONCRETE CANVAS LIMITED

UNIT 3 BLOCK A22 SEVERN ROAD TREFOREST INDUSTRIAL ESTATE PONTYPRIDD CF37 5SP

Company No.

05537361

Company Status

Active - Accounts Filed

Company Summary

Registered Address UNIT 3 BLOCK A22 SEVERN ROAD
TREFOREST INDUSTRIAL ESTATE
PONTYPRIDD
CF37 5SP

Trading Address Unit A22
Severn Road
Treforest Industrial Estate
Pontypridd, Mid Glamorgan
CF37 5SP

Website Address http://www.concretecanvas.com

Telephone Number 08456801908

Fax Number

TPS No

FPS Yes

Incorporation Date 16/08/2005

Previous Name CRAWFORD BREWIN LIMITED

Type Private limited with Share Capital

FTSE Index -

Date of Change 25/06/2007

Filing Date of Accounts 21/12/2017

Currency GBP

Share Capital £958

SIC07 23650

Charity Number -

SIC07 Description MANUFACTURE OF FIBRE CEMENT

Principal Activity

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company CONCRETE CANVAS GROUP LIMITED

Accountant BROOMFIELD & ALEXANDER LTD

Mortgages 2

Group 4 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

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

31/08/2017 - - £1,558,043 33

31/08/2016 - - £1,644,211 32

31/08/2015 - - £1,650,812 -

Mortgage Summary

Total Mortgage 2

Outstanding 0

Satisfied 2

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 0

Total Value of Documented Trade £0

Commentary

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

The latest cash balances represent a positive level in terms of the overall outstanding creditor obligations.

There has been a reduction in shareholders funds compared with the previous balance sheet.

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

Current Directors

Title	Mr	Function	Director
Name	Peter Eric Brewin	Nationality	British
Date of Birth	10/1979	Present Appointments	2
Latest Address	Checkley Green Cottage Checkley Lane, Checkley, Nantwich, Cheshire	Appointment Date	16/08/2005
Post Code	CW5 7QA
Title	Mr	Function	Director
Name	Richard David Winter	Nationality	British
Date of Birth	09/1952	Present Appointments	4
Latest Address	D11 First Floor, Carolina Gardens, 28 Coombe Road	Appointment Date	04/05/2006
Post Code

Title	Mr	Function	Director
Name	William Campbell Crawford	Nationality	British
Date of Birth	07/1979	Present Appointments	4
Latest Address	14b Conway Road, Cardiff	Appointment Date	16/08/2005
Post Code	CF11 9NT

Current Company Secretary

Title	Mr	Function	Company Secretary
Name	William Campbell Crawford	Nationality	British
Date of Birth	07/1979	Present Appointments	1
Latest Address	14b Conway Road, Cardiff	Appointment Date	16/08/2005
Post Code	CF11 9NT

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
CONCRETE CANVAS GROUP LTD	GBP	958,154	ORDINARY	0	100

Profit & Loss

	Date Of Accounts	31/08/17	(%)	31/08/16	(%)	31/08/15	(%)	31/08/14	(%)	31/08/13
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Turnover	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Cost of Sales	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Gross Profit	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Wages & Salaries	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Directors Emoluments	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Operating Profit	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Depreciation	£95,370	6.2%	£89,807	6.1%	£84,635	25.5%	£67,423	59.8%	£42,180
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Audit Fees	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Interest Payments	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Pre Tax Profit	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Taxation	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Profit After Tax	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	31/08/17	(%)	31/08/16	(%)	31/08/15	(%)	31/08/14	(%)	31/08/13
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Tangible Assets	£540,044	-4.3%	£564,062	-6.3%	£601,972	14.5%	£525,698	64.3%	£319,927
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Intangible Assets	£576,780	10.4%	£522,501	9.5%	£477,299	11.1%	£429,491	16.6%	£368,429
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Total Fixed Assets	£1,116,824	2.8%	£1,086,563	0.7%	£1,079,271	13%	£955,189	38.8%	£688,356
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Stock	£759,348	12.2%	£676,689	68.1%	£402,565	-37.5%	£643,992	59%	£405,035
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Trade Debtors	£652,127	-52.8%	£1,381,080	-11.4%	£1,558,299	64.5%	£947,392	-16.2%	£1,130,147
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Cash	£1,671,838	114.4%	£779,821	-44.1%	£1,394,562	37.1%	£1,017,326	208.5%	£329,777
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Other Debtors	£221,894	-89.5%	£2,105,734	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Total Current Assets	£3,305,207	-33.1%	£4,943,324	47.3%	£3,355,426	28.6%	£2,608,710	39.9%	£1,864,959
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Trade Creditors	£272,555	-6.8%	£292,595	-88.7%	£2,591,254	47.9%	£1,752,442	59.9%	£1,095,727
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Other Short Term Finance	£1,951,970	-43.2%	£3,436,560	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Miscellaneous Current Liabilities	£431,762	-5.9%	£458,892	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Total Current Liabilities	£2,656,287	-36.6%	£4,188,047	61.6%	£2,591,254	47.9%	£1,752,442	59.9%	£1,095,727
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	£207,701	5.1%	£197,629	2.6%	£192,631	140.1%	£80,214	79.8%	£44,610
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Total Long Term Liabilities	£207,701	5.1%	£197,629	2.6%	£192,631	140.1%	£80,214	79.8%	£44,610

Capital & Reserves

	Date Of Accounts	31/08/17	(%)	31/08/16	(%)	31/08/15	(%)	31/08/14	(%)	31/08/13
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Called Up Share Capital	£958	-	£958	-	£958	0.2%	£956	-0.2%	£958
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	P & L Account Reserve	£957,455	-8.3%	£1,043,623	-0.6%	£1,050,224	-7.1%	£1,130,657	39.2%	£812,390
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Sundry Reserves	£599,630	-	£599,630	-	£599,630	-	£599,630	-	£599,630
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Shareholder Funds	£1,558,043	-5.2%	£1,644,211	-0.4%	£1,650,812	-4.6%	£1,731,243	22.5%	£1,412,978

Other Financial Items

	Date Of Accounts	31/08/17	(%)	31/08/16	(%)	31/08/15	(%)	31/08/14	(%)	31/08/13
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Net Worth	£981,263	-12.5%	£1,121,710	-4.4%	£1,173,513	-9.9%	£1,301,752	24.6%	£1,044,549
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Working Capital	£648,920	-14.1%	£755,277	-1.2%	£764,172	-10.8%	£856,268	11.3%	£769,232
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Total Assets	£4,422,031	-26.7%	£6,029,887	36%	£4,434,697	24.4%	£3,563,899	39.6%	£2,553,315
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Total Liabilities	£2,863,988	-34.7%	£4,385,676	57.5%	£2,783,885	51.9%	£1,832,656	60.7%	£1,140,337
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Net Assets	£1,558,043	-5.2%	£1,644,211	-0.4%	£1,650,812	-4.6%	£1,731,243	22.5%	£1,412,978

Miscellaneous

	Date Of Accounts	31/08/17	(%)	31/08/16	(%)	31/08/15	(%)	31/08/14	(%)	31/08/13
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Capital Employed	£1,765,744	-4.1%	£1,841,840	-0.1%	£1,843,443	1.8%	£1,811,457	24.3%	£1,457,588
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Number of Employees	33	3.1%	32	-	-	-	-	-	-
	Accountants	BROOMFIELD & ALEXANDER LTD
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	31/08/17	31/08/16	31/08/15	31/08/14	31/08/13
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Pre-tax profit margin %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Current ratio	1.24	1.18	1.29	1.49	1.70
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Sales/Net Working Capital	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Gearing %	13.30	12	11.70	4.60	3.20
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Equity in %	40.50	29.90	41.70	55.20	64.70
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Creditor Days	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Debtor Days	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Liquidity/Acid Test	0.95	1.01	1.13	1.12	1.33
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Return On Capital Employed %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Return On Total Assets Employed %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Current Debt Ratio	1.70	2.54	1.56	1.01	0.77
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Total Debt Ratio	1.83	2.66	1.68	1.05	0.80
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\barchart-grey.png$	Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
28/12/2017	New Accounts Filed
28/12/2017	New Accounts Filed
14/09/2017	Payment Data Update Received
21/08/2017	Confirmation Statement
19/02/2017	New Accounts Filed
19/02/2017	New Accounts Filed
21/08/2016	Annual Returns
10/03/2016	New Accounts Filed
08/09/2015	Annual Returns
07/07/2015	Payment Data Update Received
29/04/2015	New Accounts Filed
22/08/2014	Annual Returns
11/12/2013	New Accounts Filed
30/08/2013	New Board Member Mr W.C. Crawford appointed
26/08/2013	Annual Returns

Previous Company Names

Date	Previous Name
25/06/2007	CRAWFORD BREWIN LIMITED

Writ Details

No writs found

Statistics

Group	4 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	CONCRETE CANVAS GROUP LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	CONCRETE CANVAS GROUP LIMITED

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\tminus.gif$ CONCRETE CANVAS GROUP LI...	07644731	31.08.2017	N
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\T.gif$ CONCRETE CANVAS TECHNO...	07604520	31.08.2017	N
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\T.gif$ CONCRETE CANVAS PROPER...	08391538	31.08.2017	N
$Description: \\Vivek-pc\123 Foreign Report Raw\Concrete Canvas Ltd_files\L.gif$ CONCRETE CANVAS LIMITED	05537361	31.08.2017	N

Mortgage Details

Mortgage Type:	RENT DEPOSIT DEED
Date Charge Created:	05/04/11
Date Charge Registered:	07/04/11
Date Charge Satisfied:	15/03/13
Status:	SATISFIED
Person(s) Entitled:	THE GATEHILL PROPERTY COMPANY LIMITED
Amount Secured:
Details:	INTEREST IN THE SEPARATE DESIGNATED INTEREST BEARING DEPOSIT ACCOUNT SEE IMAGE FOR FULL DETAILS
Mortgage Type:	DEBENTURE
Date Charge Created:	04/09/09
Date Charge Registered:	10/09/09
Date Charge Satisfied:	03/10/16
Status:	SATISFIED
Person(s) Entitled:	LLOYDS TSB BANK PLC;
Amount Secured:
Details:	FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY

Previous Director/Company Secretaries

No Previous Director Details

Total Persons With Significant Control	1	Total Statements
Active	1	Active
Ceased	0	Ceased

Active Persons With Significant Control

Name	Concrete Canvas Group Ltd	Kind	Corporate Entity With Significant Control
Address	Unit 3 Block A22 Severn Road, Treforest Industrial Estate, Pontypridd	Notified On	06/04/2016
Post Code	CF37 5SP	Legal Form	Private Limited Company
Authority	Laws Of England And Wales	Place Registered	Companies House Uk
Country Registered	Uk	Registration Number	7644731
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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 64.03
UK Pound	1	INR 90.40
Euro	1	INR 79.73
GBP	1	INR 89.78

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

INFORMATION DETAILS

Analysis Done by :	PRI

Report Prepared by :	TRU

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.