MIRA INFORM REPORT

Report No. :	512664
Report Date :	01.06.2018

IDENTIFICATION DETAILS

Name :	SINOCHEM (UK) INDUSTRY LIMITED
Registered Office :	Fifth Floor 3 Gower Street, WC1E 6HA London
Country :	United Kingdom
Financials (as on) :	30.04.2017
Date of Incorporation :	05.04.2013
Com. Reg. No.:	08475827
Legal Form :	Private Limited Company
Line of Business :	Not Available [We tried to confirm / obtain the detailed activity but the same is not available from any sources]
No. of Employees :	Not Available

RATING & COMMENTS

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

MIRA’s Rating :

C

Credit Rating	Explanation	Rating Comments
C	Medium High Risk	Business dealings permissible preferably on secured basis

Status :	Non Trading Company
Payment Behaviour :	Unknown
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	A1	A1

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

Summary

Company name	SINOCHEM (UK) INDUSTRY LIMITED
Operative address	Fifth Floor 3 Gower Street WC1E 6HA London United Kingdom
Status	Active

Legal form	Private Limited Company
Registration number	Trade register number: 08475827
Year	2017	Mutation	2016	Mutation	2015
Fixed assets	11.840	-7,62	12.816	-6,83	13.755
Total equity	11.840	-7,62	12.816	-6,83	13.755

Contact information

Company name	Sinochem (UK) Industry Limited
Operative address	Fifth Floor 3 Gower Street WC1E 6HA London United Kingdom
Correspondence address	Fifth Floor 3 Gower Street WC1E 6HA London United Kingdom

Website

www.sinochem.com/en

Registration

Registration number	Trade register number: 08475827
Status	Active
Establishment date	2013-04-05

Legal form	Private limited company
Subscribed share capital	GBP 10.000

Activities

Goal	The 30.04.17 accounts did not indicate the business activities.

Relations

Shareholders

ULTIMATE GLOBAL SHAREHOLDER Name: MR NAXIN JIA Type: One or more named individuals or families Share direct: 100.00% Share total: 100.00% ULTIMATE DOMESTIC SHAREHOLDER Name: SINOCHEM (UK) INDUSTRY LIMITED National id number: 08475827 Address: Fifth Floor 3 Gower Street City: LONDON Country: GB Website: www.sinochem.com/en Type: Corporate Share direct: 100.00% Share total: 100.00% Total assets: 0.00914913 mil. GBP Shareholders funds: 0.00999961 mil. GBP SHAREHOLDERS Name: MR NAXIN JIA Type: One or more named individuals or families Share direct: 100.00%

Management

Management

Fullname: Mr Naxin Jia Type: Individual Gender: Male date of birth: 1968/11/05 Age: 49 Address: No. 1007 Sunshine Ginza, No. 35 2nd Avenve, Teda, Tianjin, China, China Number of involvements: 2 Function: Director (Occupation: Merchant) Level of responsibility: Member; Unspecified executive Appointment date: 2013/04/05 Fullname: Mr Naxin Jia Type: Individual Gender: Male date of birth: 1968/11/05 Age: 49 Address: Fifth Floor 3 Gower Street, WC1E 6HA, London, London, United Kingdom Number of involvements: 2 Function: Company Secretary Level of responsibility: Company secretary Appointment date: 2017/04/19 Fullname: Mr Naxin Jia Type: Individual Gender: Male date of birth: 1968/11/05 Age: 49 Address: Fifth Floor 3 Gower Street, WC1E 6HA, London, London, United Kingdom Number of involvements: 2 Function: Company Secretary - Admin Contact Level of responsibility: Senior / Executive contact; Administration department contact

Financial analysis

Trend	Cannot be evaluated
Show amount in	Euro

Key figures

Year	2017	2016	2015	2014
Working capital/ balance total				1,00
Equity / balance total	1,00	1,00	1,00	1,00
Equity / Fixed assets	1,00	1,00	1,00
Working capital				12.145
Equity	11.840	12.816	13.755	12.145
Mutation equity	-7,62	-6,83	13,26

Financial statement

Last annual account	2017
Remark annual account	The company is obliged to file its financial statements.
Type of annual account	Corporate
Annual account	Sinochem (UK) Industry Limited Fifth Floor 3 Gower Street WC1E 6HA London United Kingdom

Balance

Year	2017	2016	2015	2014
End date	2017-04-30	2016-04-30	2015-04-30	2014-04-30
Type of annual account	Corporate	Corporate	Corporate	Corporate
Other fixed assets	11.840	12.816	13.755
Fixed assets	11.840	12.816	13.755
Other current assets				12.145
Current assets				12.145
Total assets	11.840	12.816	13.755	12.145
Total equity	11.840	12.816	13.755	12.145
Total liabilities	11.840	12.816	13.755	12.145
Summary	The total assets of the company decreased with -7.62 % between 2016 and 2017. In 2017 the assets of the company were 100 % composed of fixed assets and 0 % by current assets. The assets are being financed by an equity of 100 %, and total debt of 0 %. The total assets of the company decreased with -6.83 % between 2015 and 2016. In 2016 the assets of the company were 100 % composed of fixed assets and 0 % by current assets. The assets are being financed by an equity of 100 %, and total debt of 0 %.

Country information

Population	65.6 million
GDP per capita	40.050 USD
Country risk	Low
Company risk	Very Low

Publications

Remarks

Status: Active (dormant) Category: Small company Last year: 2017 TOTAL assets last year: 11.840 EUR Number of shareholders: 1 Number of subsidiaries: 0 Number of branches: 0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 67.45
UK Pound	1	INR 89.79
Euro	1	INR 78.79
GBP	1	INR 89.22

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

INFORMATION DETAILS

Analysis Done by :	PRI
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)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.