3decades

MIRA INFORM REPORT

Report No. :	496172
Report Date :	06.03.2018

IDENTIFICATION DETAILS

Name :	EUROCHEM LIMITED

Formerly Known As :	EUROCHEM (GB) LIMITED

Registered Office :	York House Empire Way Wembley Middlesex HA9 0FQ

Country :	United Kingdom

Financials (as on) :	31.12.2016

Date of Incorporation :	18.09.1997

Com. Reg. No.:	03436442

Legal Form :	Private limited with Share Capital

Line of Business :	· Other business support service activities n.e.c. · Commercial trader.

No. of Employees :	6 (2016)

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 :	No Complaints

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

EUROCHEM LIMITED

YORK HOUSE EMPIRE WAY WEMBLEY MIDDLESEX HA9 0FQ

Company No.

03436442

Company Status

Active - Accounts Filed

Company Summary

Registered Address YORK HOUSE EMPIRE WAY
WEMBLEY
MIDDLESEX
HA9 0FQ

Trading Address York House
Empire Way
Wembley
Middlesex
HA9 0FQ

Website Address

Telephone Number -

Fax Number

TPS -

FPS Yes

Incorporation Date 18/09/1997

Previous Name EUROCHEM (GB) LIMITED

Type Private limited with Share Capital

FTSE Index -

Date of Change 15/06/2009

Filing Date of Accounts 25/09/2017

Currency GBP

Share Capital £5,000

SIC07 82990

Charity Number -

SIC07 Description OTHER BUSINESS SUPPORT SERVICE ACTIVITIES N.E.C.

Principal Activity Commercial trader.

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company -

Accountant LANDAU MORLEY LLP

Mortgages 4

Group 0 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

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

31/12/2016 - - £251,341 6

31/12/2015 - - £299,688 -

31/12/2014 - - £232,341 -

Mortgage Summary

Total Mortgage 4

Outstanding 3

Satisfied 1

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 0

Total Value of Documented Trade £0

Commentary

This company has made late payments on a high percentage of invoices.

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

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	1
Total Previous Directors / Company Secretaries	5	Total Person's With Significant Control	1

Current Directors

Title	Mr	Function	Director
Name	Ranjeet Singh Sandhu	Nationality	British
Date of Birth	07/1960	Present Appointments	5
Latest Address	15 Raglan Court, South Croydon, Surrey	Appointment Date	18/09/1997
Post Code	CR2 6NT

Current Company Secretary

Title	Ms	Function	Company Secretary
Name	Angela Johanna Staudinger	Nationality
Date of Birth	-	Present Appointments	1
Latest Address	15 Raglan Court, South Croydon, Surrey	Appointment Date	27/02/2014
Post Code	CR2 6NT

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
RANJEET SINGH SANDHU	GBP	5,000	ORDINARY	1	100

Profit & Loss

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Turnover	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Cost of Sales	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Gross Profit	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Wages & Salaries	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Directors Emoluments	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Operating Profit	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Depreciation	£601	-1.3%	£609	-5.9%	£647	35.9%	£476	-6.5%	£509
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Audit Fees	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Interest Payments	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Pre Tax Profit	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Taxation	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Profit After Tax	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Tangible Assets	£3,398	-1.7%	£3,458	-5.6%	£3,665	35.8%	£2,698	-6.4%	£2,882
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Total Fixed Assets	£3,398	-1.7%	£3,458	-5.6%	£3,665	35.8%	£2,698	-6.4%	£2,882
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Stock	0	-	0	-	0	-	0	-100%	£9,868
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Trade Debtors	£225,431	-8.9%	£247,420	-51.1%	£505,912	93.3%	£261,726	1.6%	£257,650
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Cash	£21,932	-87.3%	£173,040	68.8%	£102,520	-57.5%	£241,028	114%	£112,637
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Other Debtors	£232,860	999.9%	£18,967	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Miscellaneous Current Assets	£9,303	-36%	£14,543	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Total Current Assets	£489,526	7.8%	£453,970	-25.4%	£608,432	21%	£502,754	32.2%	£380,155
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Trade Creditors	£37,388	-10%	£41,539	-86.3%	£304,006	55.7%	£195,296	-8.4%	£213,307
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts	£94,625	166.5%	£35,507	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Other Short Term Finance	£66,614	597.1%	£9,556	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Miscellaneous Current Liabilities	£7,606	-51.2%	£15,588	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Total Current Liabilities	£206,233	101.8%	£102,190	-66.4%	£304,006	55.7%	£195,296	-8.4%	£213,307
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	£129,975	42.7%	£91,057	20.2%	£75,750	-29.2%	£106,956	405.6%	£21,156
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Total Long Term Liabilities	£35,350	-36.4%	£55,550	-26.7%	£75,750	-29.2%	£106,956	405.6%	£21,156

Capital & Reserves

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Called Up Share Capital	£5,000	-	£5,000	-	£5,000	-	£5,000	-	£5,000
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	P & L Account Reserve	£246,341	-16.4%	£294,688	29.6%	£227,341	14.7%	£198,200	38%	£143,574
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Sundry Reserves	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Shareholder Funds	£251,341	-16.1%	£299,688	29%	£232,341	14.3%	£203,200	36.8%	£148,574

Other Financial Items

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Net Worth	£251,341	-16.1%	£299,688	29%	£232,341	14.3%	£203,200	36.8%	£148,574
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Working Capital	£283,293	-19.5%	£351,780	15.6%	£304,426	-1%	£307,458	84.3%	£166,848
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Total Assets	£492,924	7.8%	£457,428	-25.3%	£612,097	21.1%	£505,452	32%	£383,037
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Total Liabilities	£241,583	53.2%	£157,740	-58.5%	£379,756	25.6%	£302,252	28.9%	£234,463
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Net Assets	£251,341	-16.1%	£299,688	29%	£232,341	14.3%	£203,200	36.8%	£148,574

Miscellaneous

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Capital Employed	£286,691	-19.3%	£355,238	15.3%	£308,091	-0.7%	£310,156	82.7%	£169,730
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Number of Employees	6	-	-	-	-	-	-	-	-
	Accountants	LANDAU MORLEY LLP
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	31/12/16	31/12/15	31/12/14	31/12/13	31/12/12
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Pre-tax profit margin %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Current ratio	2.37	4.44	2	2.57	1.78
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Sales/Net Working Capital	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Gearing %	51.70	30.40	32.60	52.60	14.20
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Equity in %	51	65.50	38	40.20	38.80
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Creditor Days	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Debtor Days	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Liquidity/Acid Test	2.37	4.44	2	2.57	1.73
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Return On Capital Employed %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Return On Total Assets Employed %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Current Debt Ratio	0.82	0.34	1.30	0.96	1.43
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Total Debt Ratio	0.96	0.52	1.63	1.48	1.57
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\EUROCHEM LIMITED_files\barchart-grey.png$	Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
28/09/2017	New Accounts Filed
28/09/2017	New Accounts Filed
25/09/2017	Confirmation Statement
10/10/2016	Annual Returns
26/09/2016	New Accounts Filed
24/06/2016	Payment Data Update Received
01/06/2016	Change in Reg.Office
01/06/2016	Change of Company Postcode
27/05/2016	Payment Data Update Received
11/10/2015	New Accounts Filed
06/10/2015	Annual Returns
24/09/2014	Annual Returns
24/09/2014	New Accounts Filed
28/03/2014	Mrs T.K. Phull has resigned as company secretary
28/03/2014	New Company Secretary Ms A.J. Staudinger appointed

Previous Company Names

Date	Previous Name
15/06/2009	EUROCHEM (GB) 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

Mortgage Details

Mortgage Type:
Date Charge Created:	17/12/13
Date Charge Registered:	03/01/14
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	LLOYDS BANK PLC;
Amount Secured:
Details:	CONTAINS FIXED CHARGE.NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE.
Mortgage Type:	MORTGAGE DEED OF A LIFE POLICY TO SECURE OWN LIABILITIES
Date Charge Created:	24/08/12
Date Charge Registered:	05/09/12
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:	BY WAY OF ASSIGNMENT ALL MONEY THE BENEFIT OF ALL OPTIONS AND RIGHTS ALL THE RIGHTS TITLE AND INTEREST IN AND TO THE POLICY; POLICY BEING THE POLICY OF LIFE ASSURANCE: LIFE ASSURED:RANJEET SANDHU, DATE:01/05/12, INSURER/OFFICE: SCOTTISH WINDOWS, POLICY NUMBER:56809721, SUM ASSURED:£80,000, TERM DATE:30/04/2026

Mortgage Type:	DEBENTURE
Date Charge Created:	10/12/09
Date Charge Registered:	22/12/09
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 CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY SEE IMAGEFOR FULL DETAILS
Mortgage Type:	DEPOSIT AGREEMENT
Date Charge Created:	18/05/98
Date Charge Registered:	21/05/98
Date Charge Satisfied:	12/12/08
Status:	SATISFIED
Person(s) Entitled:	LLOYDS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	THE DEPOSIT WITH THE BANK AT IT\S CROYDON BRANCH IN THE NAME OF LLOYDS BANK RE EUROCHEM (GB) LIMITEDDENOMINATED IN STERLING DESIGNATED BUSINESS RESERVE ACCOUNT ACCOUNT NO 7819350 AND ALL SUCH RIGHTSTO THE REPAYMENT THEREOF AS THE COMPANYMAY HAVE UNDER THE TERMS UPON WHICH THEDEPOSIT WAS MADE

Previous Director/Company Secretaries

Name	Current Active Appointments			Previous Appointments	Dissolved Companies
Tarlochan Kaur Phull	0			1	0
STIRLING CORPORATE MANAGEMENT LTD	0			1	14
Cynthia Sandhu	0			2	1
FIRST DIRECTORS LIMITED	6			3713	38998
4 BUSINESS	16			4654	46605
Total Persons With Significant Control		1	Total Statements			0
Active		1	Active			0
Ceased		0	Ceased			0

Active Persons With Significant Control

Name	Mr Ranjeet Singh Sandhu	Kind	Individual Person With Significant Control
Address	York House Empire Way, Wembley, Middlesex	Country Of Residence	England
Post Code	HA9 0FQ	Nationality	British
Date of Birth	07/1960	Notified On	06/04/2016
Nature Of Control	Ownership Of Shares 75 To 100 Percent,Voting Rights 75 To 100 Percent

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 65.05
UK Pound	1	INR 89.70
Euro	1	INR 80.03
GBP	1	INR 90.12

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

INFORMATION DETAILS

Analysis Done by :	VIV

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.