3decades

MIRA INFORM REPORT

Report No. :	498379
Report Date :	22.03.2018

IDENTIFICATION DETAILS

Name :	JK TEXTILES LTD

Registered Office :	128 Soho Road Birmingham West Midlands B21 9LN

Country :	United Kingdom

Financials (as on) :	30.09.2016

Date of Incorporation :	23.09.2003

Com. Reg. No.:	04909121

Legal Form :	Private limited with Share Capital

Line of Business :	· Wholesale Of Textiles · Wholesale of textiles.

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 :	Good

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

JK TEXTILES LTD

128 SOHO ROAD BIRMINGHAM WEST MIDLANDS B21 9LN

Company No.

04909121

Company Status

Active - Accounts Filed

Company Summary

Registered Address 128 SOHO ROAD
BIRMINGHAM
WEST MIDLANDS
B21 9LN

Trading Address 128 Soho Road
Birmingham
West Midlands
B21 9LN

Branch office (Indirect source) Unit-3 Tulsi Centre 97

Constitution Hill

Birminghan

Website Address -

Telephone Number 07944600378

Fax Number

TPS No

FPS Yes

Incorporation Date 23/09/2003

Previous Name

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 09/06/2017

Currency GBP

Share Capital £11

SIC07 46410

Charity Number -

SIC07 Description WHOLESALE OF TEXTILES

Principal Activity Wholesale of textiles.

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company -

Accountant R PAU & CO LIMITED

Mortgages 1

Trade Debtors -

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 - - £1,012,654 -

30/09/2015 - - £1,051,667 -

30/09/2014 - - £1,051,476 -

Mortgage Summary

Total Mortgage 1

Outstanding 1

Satisfied 0

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 2

Total Value of Documented Trade £64,608

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.

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

Current Directors

Title	Mr	Function	Director
Name	Jasbir Kudhail	Nationality	British
Date of Birth	10/1960	Present Appointments	2
Latest Address	334 Lordswood Road Harborne, Birmingham, West Midlands	Appointment Date	23/09/2003
Post Code	B17 8AN
Title	Mrs	Function	Director
Name	Manjit Kudhail	Nationality	British
Date of Birth	12/1965	Present Appointments	2
Latest Address	334 Lordswood Road Harborne, Birmingham, West Midlands	Appointment Date	01/06/2005
Post Code	B17 8AN

Title	Mr	Function	Director
Name	Bharat Kudhail	Nationality	British
Date of Birth	04/1985	Present Appointments	1
Latest Address	334 Lordswood Road Harborne, Birmingham, West Midlands	Appointment Date	24/09/2011
Post Code	B17 8AN

Current Company Secretary

Title	Mr	Function	Company Secretary
Name	Bharat Kumar Kudhail	Nationality	British
Date of Birth	-	Present Appointments	1
Latest Address	334 Lordswood Road Harborne, Birmingham, West Midlands	Appointment Date	23/09/2003
Post Code	B17 8AN

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
JASBIR KUDHAIL	GBP	5	ORDINARY	1	45.45
MRS MANJIT KUDHAIL	GBP	3	ORDINARY	1	27.27
BHARAT KUMAR KUDHAIL	GBP	2	ORDINARY	1	18.18
BHARAT KUDHAIL	GBP	1	ORDINARY B	1	9.09

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
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Turnover	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Cost of Sales	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Gross Profit	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Wages & Salaries	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Directors Emoluments	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Operating Profit	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Depreciation	£10,079	-20.2%	£12,635	25.3%	£10,082	-18.6%	£12,381	20.1%	£10,310
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Audit Fees	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Interest Payments	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Pre Tax Profit	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Taxation	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Profit After Tax	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	30/09/16	(%)	30/09/15	(%)	30/09/14	(%)	30/09/13	(%)	30/09/12
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Tangible Assets	£51,878	-16.3%	£61,957	8.9%	£56,870	-14.2%	£66,269	103.5%	£32,571
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Total Fixed Assets	£51,878	-16.3%	£61,957	8.9%	£56,870	-14.2%	£66,269	103.5%	£32,571
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Stock	£141,142	-2.7%	£144,998	11%	£130,587	-12.2%	£148,753	-4.8%	£156,241
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Trade Debtors	£1,056,387	-8.6%	£1,155,234	0.9%	£1,145,419	-5.6%	£1,212,898	-14.9%	£1,425,759
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Cash	£92,814	29.3%	£71,784	-23.6%	£93,993	101.2%	£46,712	-57.4%	£109,769
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Other Debtors	£17,004	208.5%	£5,511	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Total Current Assets	£1,307,347	-5.1%	£1,377,527	0.5%	£1,369,999	-2.7%	£1,408,363	-16.8%	£1,691,769
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Trade Creditors	£218,567	0.5%	£217,584	-30.1%	£311,341	-5.3%	£328,893	-41.1%	£557,944
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Bank Loans & Overdrafts	£14,388	2.6%	£14,028	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Other Short Term Finance	£55,136	9.7%	£50,277	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Miscellaneous Current Liabilities	£24,670	-50.5%	£49,827	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Total Current Liabilities	£312,761	-5.7%	£331,716	6.5%	£311,341	-5.3%	£328,893	-41.1%	£557,944
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	£48,198	-31.3%	£70,129	9.5%	£64,052	-34%	£97,018	-23.6%	£127,012
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Other Long Term Finance	£569	-92.1%	£7,190	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Total Long Term Liabilities	£33,810	-39.7%	£56,101	-12.4%	£64,052	-34%	£97,018	-23.6%	£127,012

Capital & Reserves

	Date Of Accounts	30/09/16	(%)	30/09/15	(%)	30/09/14	(%)	30/09/13	(%)	30/09/12
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Called Up Share Capital	£11	-	£11	-	£11	-	£11	-	£11
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	P & L Account Reserve	£1,012,643	-3.7%	£1,051,656	0%	£1,051,465	0.3%	£1,048,710	0.9%	£1,039,373
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Sundry Reserves	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Shareholder Funds	£1,012,654	-3.7%	£1,051,667	0%	£1,051,476	0.3%	£1,048,721	0.9%	£1,039,384

Other Financial Items

	Date Of Accounts	30/09/16	(%)	30/09/15	(%)	30/09/14	(%)	30/09/13	(%)	30/09/12
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Net Worth	£1,012,654	-3.7%	£1,051,667	0%	£1,051,476	0.3%	£1,048,721	0.9%	£1,039,384
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Working Capital	£994,586	-4.9%	£1,045,811	-1.2%	£1,058,658	-1.9%	£1,079,470	-4.8%	£1,133,825
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Total Assets	£1,359,225	-5.6%	£1,439,484	0.9%	£1,426,869	-3.2%	£1,474,632	-14.5%	£1,724,340
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Total Liabilities	£346,571	-10.6%	£387,817	3.3%	£375,393	-11.9%	£425,911	-37.8%	£684,956
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Net Assets	£1,012,654	-3.7%	£1,051,667	0%	£1,051,476	0.3%	£1,048,721	0.9%	£1,039,384

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
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Capital Employed	£1,046,464	-5.5%	£1,107,768	-0.7%	£1,115,528	-2.6%	£1,145,739	-1.8%	£1,166,396
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Number of Employees	-	-	-	-	-	-	-	-	-
	Accountants	R PAU & CO LIMITED
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers	LLOYDS TSB BANK PLC
	Bank Branch Code	30-76-97

Ratios

	Date Of Accounts	30/09/16	30/09/15	30/09/14	30/09/13	30/09/12
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Pre-tax profit margin %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Current ratio	4.18	4.15	4.40	4.28	3.03
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Sales/Net Working Capital	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Gearing %	4.80	6.70	6.10	9.30	12.20
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Equity in %	74.50	73.10	73.70	71.10	60.30
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Creditor Days	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Debtor Days	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Liquidity/Acid Test	3.72	3.71	3.98	3.82	2.75
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Return On Capital Employed %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Return On Total Assets Employed %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Current Debt Ratio	0.30	0.31	0.29	0.31	0.53
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Total Debt Ratio	0.34	0.36	0.35	0.40	0.65
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\2\J K TEXTILES LTD._files\barchart-grey.png$	Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
30/09/2017	Confirmation Statement
13/06/2017	New Accounts Filed
13/06/2017	New Accounts Filed
01/10/2016	Annual Returns
21/06/2016	New Accounts Filed
29/09/2015	Annual Returns
30/06/2015	New Accounts Filed
05/10/2014	Annual Returns
27/06/2014	New Accounts Filed
30/09/2013	Annual Returns
01/07/2013	New Accounts Filed
28/06/2013	Change in Reg.Office
28/06/2013	Change of Company Postcode
11/10/2012	Annual Returns
21/05/2012	New Accounts Filed

Previous Company Names

No Previous Names found

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:	DEBENTURE
Date Charge Created:	07/07/05
Date Charge Registered:	12/07/05
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

Creditor Details

	Total Number	Total Value
Trade Creditors	0	-
No Creditor Data

Trade Debtors / Bad Debt Detail

	Total Number of Documented Trade	Total Value of Documented Trade
Trade Debtors	2	£64,608
Company Name		Amount	Statement Date
Jaan @ Punjab Textiles (Leicester) Limited		£59,305	26/02/2013
Ujala Ltd		£5,303	04/07/2012

Previous Director/Company Secretaries

Name	Current Active Appointments		Previous Appointments	Dissolved Companies
SWIFT INCORPORATIONS LIMITED	11		76062	189995
Total Persons With Significant Control		1	Total Statements		0
Active		1	Active		0
Ceased		0	Ceased		0

Active Persons With Significant Control

Name	Mr Jasbir Kudhail	Kind	Individual Person With Significant Control
Address	334 Lordswood Road Harborne, Birmingham, West Midlands	Country Of Residence	United Kingdom
Post Code	B17 8AN	Nationality	British
Date of Birth	10/1960	Notified On	06/04/2016
Nature Of Control	Ownership Of Shares 25 To 50 Percent,Voting Rights 25 To 50 Percent,Right To Appoint And Remove Directors

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 65.22
UK Pound	1	INR 91.33
Euro	1	INR 79.96
GBP	1	INR 92.25

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

INFORMATION DETAILS

Analysis Done by :	VAR

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.