3decades

MIRA INFORM REPORT

Report No. :	509270
Report Date :	14.05.2018

IDENTIFICATION DETAILS

Name :	ECHA MICROBIOLOGY LIMITED

Registered Office :	Units 22 & 23, Willowbrook Technology Park, St Mellons, Cf3 0ef

Country :	United Kingdom

Financials (as on) :	31.07.2017

Date of Incorporation :	01.08.1988

Com. Reg. No.:	02282264

Legal Form :	Private limited with Share Capital

Line of Business :	Other professional, scientific and technical activities n.e.c.

No. of Employees :	17

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

(30.09.2017)

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: ECHA MICROBIOLOGY LIMITED

Company No: 02282264

Company Status: Active - Accounts Filed

Status Active

Active - Accounts Filed

Registered Address: UNITS 22 & 23WILLOWBROOK TECHNOLOGY PARKST MELLONSCF3 0EF

Company Name

ECHA MICROBIOLOGY LIMITED

Company Number

02282264

Company Summary

Registered Address UNITS 22 & 23
WILLOWBROOK TECHNOLOGY PARK
ST MELLONS
CF3 0EF

Trading Address Units 22 & 23
Crickhowell Road
St. Mellons
Cardiff, South Glamorgan
CF3 0EF

Website Address http://www.echamicrobiology.co.uk

Telephone Number 02920365930

Fax Number

TPS No

FPS Yes

Incorporation Date 01/08/1988

Previous Name

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 19/04/2018

Currency GBP

Share Capital £15,100

SIC07 74909

Charity Number -

SIC07 Description OTHER PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES N.E.C.

Principal Activity

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company -

Accountant AWG WARREN & SON

Mortgages 0

Group 0 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

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

31/07/2017 - - £1,182,124 17

31/07/2016 - - £884,282 -

31/07/2015 - - £1,282,550 -

Mortgage Summary

Total Mortgage 0

Outstanding 0

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 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	5	Total Current Secretaries	1
Total Previous Directors / Company Secretaries	0	Total Person's With Significant Control	2

Current Directors

Title	Mr	Function	Director
Name	Edward Charles Hill	Nationality	British
Date of Birth	02/1928	Present Appointments	2
Latest Address	Units 22 & 23 Willowbrook Technology Park, Llandogo Road, St Mellons, Cardiff	Appointment Date	28/02/1992
Post Code	CF3 0GA
Title	Dr	Function	Director
Name	Gisela Hill	Nationality	German
Date of Birth	11/1934	Present Appointments	1
Latest Address	Units 22 & 23 Willowbrook Technology Park, Llandogo Road, St Mellons, Cardiff	Appointment Date	28/02/1992
Post Code	CF3 0GA

Title	Mr	Function	Director
Name	Graham Charles Hill	Nationality	British
Date of Birth	03/1962	Present Appointments	1
Latest Address	Units 22 & 23 Willowbrook Technology Park, Llandogo Road, St Mellons, Cardiff	Appointment Date	28/02/1992
Post Code	CF3 0GA
Title	Mr	Function	Director
Name	Steven Keith Wilson	Nationality	British
Date of Birth	03/1953	Present Appointments	2
Latest Address	Units 22 & 23 Willowbrook Technology Park, Llandogo Road, St Mellons, Cardiff	Appointment Date	26/01/2016
Post Code	CF3 0GA

Title	Mr	Function	Director
Name	Derek John Collins	Nationality	British
Date of Birth	04/1970	Present Appointments	1
Latest Address	Units 22 & 23 Willowbrook Technology Park, Llandogo Road, St Mellons, Cardiff	Appointment Date	25/04/2018
Post Code	CF3 0EF

Current Company Secretary

Title	Mr	Function	Company Secretary
Name	Edward Charles Hill	Nationality	British
Date of Birth	02/1928	Present Appointments	2
Latest Address	Units 22 & 23 Willowbrook Technology Park, Llandogo Road, St Mellons, Cardiff	Appointment Date	28/02/1992
Post Code	CF3 0GA

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
E.C. HILL	GBP	7,560	ORDINARY	1	50.07
G.C. HILL	GBP	4,530	ORDINARY	1	30
G.A. HILL	GBP	3,010	ORDINARY	1	19.93
1

FINANCIALS

Profit & Loss

	Date Of Accounts	31/07/17	(%)	31/07/16	(%)	31/07/15	(%)	31/07/14	(%)	31/07/13
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Turnover	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Cost of Sales	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Gross Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Wages & Salaries	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Directors Emoluments	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Operating Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Depreciation	£35,049	-12.8%	£40,171	5.4%	£38,127	-33.8%	£57,582	45.4%	£39,600
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Audit Fees	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Interest Payments	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Pre Tax Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Taxation	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Profit After Tax	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	31/07/17	(%)	31/07/16	(%)	31/07/15	(%)	31/07/14	(%)	31/07/13
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Tangible Assets	£143,251	-20.8%	£180,810	-9.2%	£199,236	-11.7%	£225,526	-4.9%	£237,113
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Total Fixed Assets	£143,251	-20.8%	£180,810	-9.2%	£199,236	-11.7%	£225,526	-4.9%	£237,113
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Stock	£74,556	1.7%	£73,297	10.4%	£66,394	19.7%	£55,468	-5.5%	£58,720
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Trade Debtors	£264,309	0%	£264,281	5.7%	£250,016	12.4%	£222,420	5.2%	£211,490
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Cash	£1,108,540	50.6%	£735,907	-32.7%	£1,093,214	-2.8%	£1,125,097	71%	£657,979
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Other Debtors	£30,225	86.5%	£16,207	-	0	-	0	-	0
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Total Current Assets	£1,477,630	35.6%	£1,089,692	-22.7%	£1,409,624	0.5%	£1,402,985	51.2%	£928,189
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Trade Creditors	£42,642	-8.5%	£46,624	-84.7%	£305,032	-7.6%	£330,196	-3.6%	£342,673
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Other Short Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Miscellaneous Current Liabilities	£376,100	17.8%	£319,330	-	0	-	0	-	0
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Total Current Liabilities	£418,742	14.4%	£365,954	20%	£305,032	-7.6%	£330,196	-3.6%	£342,673
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	£20,015	-1.2%	£20,266	-4.8%	£21,278	-50.8%	£43,256	-	£43,256
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Total Long Term Liabilities	£20,015	-1.2%	£20,266	-4.8%	£21,278	-50.8%	£43,256	-	£43,256

Capital & Reserves

	Date Of Accounts	31/07/17	(%)	31/07/16	(%)	31/07/15	(%)	31/07/14	(%)	31/07/13
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Called Up Share Capital	£15,100	-	£15,100	-	£15,100	-	£15,100	-	£15,100
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	P & L Account Reserve	£1,155,693	34.7%	£857,851	-31.7%	£1,256,119	2.2%	£1,228,628	63.2%	£752,942
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Revaluation Reserve	£11,331	-	£11,331	-	£11,331	-	£11,331	-	£11,331
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Sundry Reserves	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Shareholder Funds	£1,182,124	33.7%	£884,282	-31.1%	£1,282,550	2.2%	£1,255,059	61%	£779,373

Other Financial Items

	Date Of Accounts	31/07/17	(%)	31/07/16	(%)	31/07/15	(%)	31/07/14	(%)	31/07/13
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Net Worth	£1,182,124	33.7%	£884,282	-31.1%	£1,282,550	2.2%	£1,255,059	61%	£779,373
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Working Capital	£1,058,888	46.3%	£723,738	-34.5%	£1,104,592	3%	£1,072,789	83.2%	£585,516
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Total Assets	£1,620,881	27.6%	£1,270,502	-21%	£1,608,860	-1.2%	£1,628,511	39.8%	£1,165,302
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Total Liabilities	£438,757	13.6%	£386,220	18.4%	£326,310	-12.6%	£373,452	-3.2%	£385,929
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Net Assets	£1,182,124	33.7%	£884,282	-31.1%	£1,282,550	2.2%	£1,255,059	61%	£779,373

Cash Flow

	Date Of Accounts	31/07/17	(%)	31/07/16	(%)	31/07/15	(%)	31/07/14	(%)	31/07/13
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	31/07/17	(%)	31/07/16	(%)	31/07/15	(%)	31/07/14	(%)	31/07/13
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Capital Employed	£1,202,139	32.9%	£904,548	-30.6%	£1,303,828	0.4%	£1,298,315	57.8%	£822,629
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Number of Employees	17	-	-	-	-	-	-	-	-
	Accountants	AWG WARREN & SON
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	31/07/17	31/07/16	31/07/15	31/07/14	31/07/13
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Pre-tax profit margin %	-	-	-	-	-
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Current ratio	3.53	2.98	4.62	4.25	2.71
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Sales/Net Working Capital	-	-	-	-	-
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Gearing %	1.70	2.30	1.70	3.40	5.60
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Equity in %	72.90	69.60	79.70	77.10	66.90
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Creditor Days	-	-	-	-	-
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Debtor Days	-	-	-	-	-
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Liquidity/Acid Test	3.35	2.77	4.40	4.08	2.53
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Return On Capital Employed %	-	-	-	-	-
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Return On Total Assets Employed %	-	-	-	-	-
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Current Debt Ratio	0.35	0.41	0.23	0.26	0.43
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Total Debt Ratio	0.37	0.43	0.25	0.29	0.49
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	-
$Description: \\vivek-pc\E\ECHA MICROBIOLOGY LTD_files\barchart-grey.png$	Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

*Event History

Date	Description
04/05/2018	New Board Member Mr D.J. Collins appointed
23/04/2018	New Accounts Filed
23/04/2018	New Accounts Filed
12/03/2018	Confirmation Statement
23/09/2017	Payment Data Update Received
20/03/2017	New Accounts Filed
03/03/2017	Annual Returns
03/04/2016	Annual Returns
05/03/2016	New Accounts Filed
05/03/2016	New Accounts Filed
26/02/2016	New Board Member Mr S.K. Wilson appointed
20/04/2015	New Accounts Filed
20/04/2015	New Accounts Filed
15/03/2015	Annual Returns
05/05/2014	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

No Group Structure

Statistics

Group	0 companies
Linkages	0 companies
Countries	In 0 countries

Previous Director/Company Secretaries

No Previous Director Details
Total Persons With Significant Control	2	Total Statements	0
Active	2	Active	0
Ceased	0	Ceased	0

Active Persons With Significant Control

Name	Mr Edward Charles Hill	Kind	Individual Person With Significant Control
Address	Units 22 & 23 Willowbrook Technology Park, Llandogo Road, St Mellons, Cardiff	Country Of Residence	Wales
Post Code	CF3 0EF	Nationality	British
Date of Birth	02/1932	Notified On	06/04/2016
Nature Of Control	Ownership of shares - between 50% and 75%
Name	Mr Graham Charles Hill	Kind	Individual Person With Significant Control
Address	Units 22 & 23 Willowbrook Technology Park, Llandogo Road, St Mellons, Cardiff	Country Of Residence	Wales
Post Code	CF3 0EF	Nationality	British
Date of Birth	03/1962	Notified On	06/04/2016
Nature Of Control	Ownership of shares - between 25% and 50%

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 67.22
UK Pound	1	INR 90.88
Euro	1	INR 80.09
GBP	1	INR 91.72

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

INFORMATION DETAILS

Analysis Done by :	PRA

Report Prepared by :	SYL

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.