MIRA INFORM REPORT

Report No. :	510679
Report Date :	21.05.2018

IDENTIFICATION DETAILS

Name :	ASTROSYN INTERNATIONAL TECHNOLOGY LIMITED
Formerly Known As :	· ASTROSYN INTERNATIONAL TECHNOLOGY PLC · ASTROSYN SALES LIMITED
Registered Office :	Montague Place Quayside Chatham Me4 4qu
Country :	United Kingdom
Financials (as on) :	30.04.2017
Date of Incorporation :	25.10.1974
Com. Reg. No.:	01188550
Legal Form :	Private limited with Share Capital
Line of Business :	· Repair Of Electrical Equipment · The Distribution Of Electronic, Electrical And Mechanical Equipment. Equipment
No. of Employees :	12

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	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

Company Name and address

Company Name: ASTROSYN INTERNATIONAL TECHNOLOGY LIMITED

Company No: 01188550

Registered Address: MONTAGUE PLACE QUAYSIDE CHATHAM ME4 4QU

Company Summary

Registered Address MONTAGUE PLACE
QUAYSIDE
CHATHAM
ME4 4QU

Trading Address The Old Courthouse
New Road Avenue
Chatham
Kent
ME4 6BE

Website Address http://www.astrosyn.com

Telephone Number -

Fax Number

TPS -

FPS Yes

Incorporation Date 25/10/1974

Previous Name ASTROSYN INTERNATIONAL TECHNOLOGY PLC

Type Private limited with Share Capital

FTSE Index -

Date of Change 30/03/2005

Filing Date of Accounts 20/12/2017

Currency GBP

Share Capital £91,400

SIC07 33140

Charity Number -

SIC07 Description REPAIR OF ELECTRICAL EQUIPMENT

Principal Activity The distribution of electronic, electrical and mechanical equipment. equipment.

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company ASTROSYN LIMITED

Accountant KRESTON REEEVES LLP

Mortgages 9

Trade Debtors -

Group 3 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

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

30/04/2017 - - £1,707,651 12

30/04/2016 - - £1,596,099 13

30/04/2015 - - £1,595,620 -

Mortgage Summary

Total Mortgage 9

Outstanding 2

Satisfied 7

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 1

Total Value of Documented Trade £2,889

Commentary

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

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 -	-

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Show More

Total Current Directors	2	Total Current Secretaries	0
Total Previous Directors / Company Secretaries	11	Total Person's With Significant Control	1

Current Directors

Title	Mr	Function	Director
Name	Simon Paul Hunt	Nationality	British
Date of Birth	08/1960	Present Appointments	3
Latest Address	Montague Place, Quayside, Chatham, Kent	Appointment Date	25/11/1997
Post Code	ME4 4QU
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report	View Compliance Report
Title	Mr	Function	Director
Name	David Joseph Melder	Nationality	British
Date of Birth	09/1958	Present Appointments	3
Latest Address	Montague Place, Quayside, Chatham, Kent	Appointment Date	15/11/2005
Post Code	ME4 4QU
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report	View Compliance Report

Current Company Secretary

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
ASTROSYN LTD	GBP	9,140,000	ORDINARY	0.01	100
1

Financials

Profit & Loss

	Date Of Accounts	30/04/17	(%)	30/04/16	(%)	30/04/15	(%)	30/04/14	(%)	30/04/13
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
	Turnover	-	-	-	-	-	-	-	-	-
	Export	-	-	-	-	-	-	-	-	-
	Cost of Sales	-	-	-	-	-	-	-	-	-
	Gross Profit	-	-	-	-	-	-	-	-	-
	Wages & Salaries	-	-	-	-	-	-	-	-	-
	Directors Emoluments	-	-	-	-	-	-	-	-	-
	Operating Profit	-	-	-	-	-	-	-	-	-
	Depreciation	£4,547	-56.9%	£10,548	486%	£1,800	-71.6%	£6,348	-	£6,348
	Audit Fees	-	-	-	-	-	-	-	-	-
	Interest Payments	-	-	-	-	-	-	-	-	-
	Pre Tax Profit	-	-	-	-	-	-	-	-	-
	Taxation	-	-	-	-	-	-	-	-	-
	Profit After Tax	-	-	-	-	-	-	-	-	-
	Dividends Payable	-	-	-	-	-	-	-	-	-
	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	30/04/17	(%)	30/04/16	(%)	30/04/15	(%)	30/04/14	(%)	30/04/13
	Tangible Assets	£204,400	-2.2%	£208,947	-2.2%	£213,547	18.7%	£179,953	-36.6%	£283,704
	Intangible Assets	0	-	0	-	0	-	0	-	0
	Total Fixed Assets	£204,400	-2.2%	£208,947	-2.2%	£213,547	18.7%	£179,953	-36.6%	£283,704
	Stock	£108,124	9.4%	£98,866	-10.2%	£110,111	6.6%	£103,338	-5%	£108,743
	Trade Debtors	£125,073	-40.1%	£208,837	10.2%	£189,565	-62.6%	£507,184	-35%	£779,957
	Cash	£1,468,181	12%	£1,311,156	-8.9%	£1,439,170	12.7%	£1,276,814	118.1%	£585,397
	Other Debtors	£33,709	-3.3%	£34,863	-	0	-	0	-	0
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£1,735,087	4.9%	£1,653,722	-4.9%	£1,738,846	-7.9%	£1,887,336	28%	£1,474,097
	Trade Creditors	£90,689	-41.2%	£154,245	-56.8%	£356,773	-54.9%	£791,205	-12%	£899,568
	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
	Other Short Term Finance	0	-	0	-	0	-	0	-	0
	Miscellaneous Current Liabilities	£141,147	25.7%	£112,325	-	0	-	0	-	0
	Total Current Liabilities	£231,836	-13%	£266,570	-25.3%	£356,773	-54.9%	£791,205	-12%	£899,568
	Bank Loans & Overdrafts and LTL	0	-	0	-	0	-	0	-	0
	Other Long Term Finance	0	-	0	-	0	-	0	-	0
	Total Long Term Liabilities	0	-	0	-	0	-	0	-	0

.

Capital & Reserves

	Date Of Accounts	30/04/17	(%)	30/04/16	(%)	30/04/15	(%)	30/04/14	(%)	30/04/13
	Called Up Share Capital	£91,400	-	£91,400	-	£91,400	-	£91,400	-	£91,400
	P & L Account Reserve	£1,481,075	8.3%	£1,367,704	0.2%	£1,365,406	29.1%	£1,057,874	66.6%	£635,117
	Revaluation Reserve	£132,776	-1.4%	£134,595	-1.3%	£136,414	9.6%	£124,410	-3.8%	£129,316
	Sundry Reserves	£2,400	-	£2,400	-	£2,400	-	£2,400	-	£2,400
	Shareholder Funds	£1,707,651	7%	£1,596,099	0%	£1,595,620	25%	£1,276,084	48.7%	£858,233

Other Financial Items

	Date Of Accounts	30/04/17	(%)	30/04/16	(%)	30/04/15	(%)	30/04/14	(%)	30/04/13
	Net Worth	£1,707,651	7%	£1,596,099	0%	£1,595,620	25%	£1,276,084	48.7%	£858,233
	Working Capital	£1,503,251	8.4%	£1,387,152	0.4%	£1,382,073	26.1%	£1,096,131	90.8%	£574,529
	Total Assets	£1,939,487	4.1%	£1,862,669	-4.6%	£1,952,393	-5.6%	£2,067,289	17.6%	£1,757,801
	Total Liabilities	£231,836	-13%	£266,570	-25.3%	£356,773	-54.9%	£791,205	-12%	£899,568
	Net Assets	£1,707,651	7%	£1,596,099	0%	£1,595,620	25%	£1,276,084	48.7%	£858,233

Cash Flow

	Date Of Accounts	30/04/17	(%)	30/04/16	(%)	30/04/15	(%)	30/04/14	(%)	30/04/13
	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	30/04/17	(%)	30/04/16	(%)	30/04/15	(%)	30/04/14	(%)	30/04/13
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
	Capital Employed	£1,707,651	7%	£1,596,099	0%	£1,595,620	25%	£1,276,084	48.7%	£858,233
	Number of Employees	12	-7.7%	13	-	-	-	-	-	-
	Accountants	KRESTON REEEVES LLP
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers	LLOYDS TSB BANK PLC
	Bank Branch Code

Ratios

	Date Of Accounts	30/04/17	30/04/16	30/04/15	30/04/14	30/04/13
	Pre-tax profit margin %	-	-	-	-	-
	Current ratio	7.48	6.20	4.87	2.39	1.64
	Sales/Net Working Capital	-	-	-	-	-
	Gearing %	0	0	0	0	0
	Equity in %	88	85.70	81.70	61.70	48.80
	Creditor Days	-	-	-	-	-
	Debtor Days	-	-	-	-	-
	Liquidity/Acid Test	7.01	5.83	4.56	2.25	1.51
	Return On Capital Employed %	-	-	-	-	-
	Return On Total Assets Employed %	-	-	-	-	-
	Current Debt Ratio	0.13	0.16	0.22	0.62	1.04
	Total Debt Ratio	0.13	0.16	0.22	0.62	1.04
	Stock Turnover Ratio %	-	-	-	-	-
	Return on Net Assets Employed %	-	-	-	-	-

Previous Company Names

Date	Previous Name
30/03/2005	ASTROSYN INTERNATIONAL TECHNOLOGY PLC
28/01/1985	ASTROSYN SALES LIMITED

Writ Details

No writs found

Statistics

Group	3 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	ASTROSYN LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	ASTROSYN LIMITED

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
ASTROSYN LIMITED	03468218	30.04.2017	N
LAWTRONICS LIMITED	01173397	30.04.2017	N
ASTROSYN INTERNATIONAL...	01188550	30.04.2017	N

Statistics

Group	3 companies
Linkages	0 companies
Countries	In 0 countries

Mortgage Details

Mortgage Type:	ALL ASSETS DEBENTURE
Date Charge Created:	30/12/10
Date Charge Registered:	04/10/13
Date Charge Satisfied:	-
Status:	SATISFIED
Person(s) Entitled:	RBS INVOICE FINANCE LIMITED;
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
Mortgage Type:	LEGAL CHARGE
Date Charge Created:	30/12/10
Date Charge Registered:	04/01/11
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ALL THAT LAND AND BUILDINGS K/A THE OLDCOURT HOUSE NEW ROAD AVENUE CHATHAM T/NO K518973 BY WAY OF FIXED CHARGE, THE BENEFIT OF ALL COVENANTS & RIGHTS CONCERNING THE PROPERTY & ALL PLANT MACHINERY, FIXTURES, FITTINGS, FURNITURE, EQUIPMENT,IMPLEMENTS & UTENSILS. THE GOODWILL OF ANY BUSINESS CARRIED ONAT THE PROPERTY & THE PROCEEDS OF ANY INSURANCE AFFECTING THE PROPERTY OR ASSETS

Mortgage Type:	DEBENTURE
Date Charge Created:	30/12/10
Date Charge Registered:	04/01/11
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	NATIONAL WESTMINSTER 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, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXEDPLANT & MACHINERY SEE IMAGE FOR FULL DETAILS
Mortgage Type:	DEBENTURE
Date Charge Created:	22/04/98
Date Charge Registered:	25/04/98
Date Charge Satisfied:	04/01/11
Status:	SATISFIED
Person(s) Entitled:	LLOYDS BANK PLC
Amount Secured:
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

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	25/11/97
Date Charge Registered:	12/12/97
Date Charge Satisfied:	26/11/98
Status:	SATISFIED
Person(s) Entitled:	THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	THE OLD COURT HOUSE NEW ROAD AVENUE CHATHAM KENT T/N K518973 FIXED CHARGE ALL BUILDINGS AND OTHER STRUCTURES FIXED TO THE PROPERTY FIXED CHARGE ANY GOODWILL RELATING TO THE PROPERTY FIXED CHARGE ALL PLANT MACHINERY AND OTHER ITEMS AFFIXED TO THE PROPERTY ASSIGNMENT OF THE RENTAL SUMS TOGETHER WITH THE BENEFIT OF ALL RIGHTS AND REMEDIES FIXED CHARGE THE PROCEEDS OF ANY CLAIM MADE UNDER INSURANCE POLICY RELATING TO THE PROPERTY FLOATING CHARGE ALL UNATTACHED PLANT MACHINERY CHATTELS AND GOODS ON OR IN OR USED IN CONNECTION WITH THE PROPERTY OR THE BUSINESS OR UNDERTAKING AT THE PROPERTY
Mortgage Type:	DEBENTURE
Date Charge Created:	25/11/97
Date Charge Registered:	05/12/97
Date Charge Satisfied:	20/06/98
Status:	SATISFIED
Person(s) Entitled:	BANK OF SCOTLAND
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
Details:	THE OLD COURTHOUSE NEW ROAD AVENUE CHATHAM KENT T/N K518973 FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITALBUILDINGS FIXTURES FIXED PLANT AND MACHINERY

Mortgage Type:	SINGLE DEBENTURE
Date Charge Created:	17/06/87
Date Charge Registered:	30/06/87
Date Charge Satisfied:	21/01/98
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:	(INCLUDING TRADE FIXTURES) FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY
Mortgage Type:	GUARANTEE & DEBENTURE
Date Charge Created:	10/10/84
Date Charge Registered:	22/10/84
Date Charge Satisfied:	31/01/95
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ASTROSYN (U.K.) LIMITEDTO THE CHARGEE ON ANYACCOUNT 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

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	17/01/83
Date Charge Registered:	27/01/83
Date Charge Satisfied:	31/01/95
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	F/H LAND & PREMISES ON THE NORTH SIDE OF NEW ROAD, CHATHAM, KENT TITLE NO. K 518973

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	1	£2,889
Company Name		Amount	Statement Date
Premier Engineerng Limited		£2,889	03/08/2010

Previous Director/Company Secretaries

Name	Current Active Appointments		Previous Appointments	Dissolved Companies
Valerie June Melville	0		2	4
Valerie June Melville	0		2	4
James Cumming Ramage	7		3	6
John Mortimer Melville	0		8	5
Marion Patricia Rose Ahmedzai	0		2	0
John Stephen Pringle	0		3	0
Diane Joan Turner	0		7	2
Diane Joan Turner	0		7	2
Caroline Dorothy Patricia Pringle	0		2	0
John M Melvilvle	0		1	0
MEDWAY REGISTRARS LTD	0		1	0
Total Persons With Significant Control	1	Total Statements		0
Active	1	Active		0
Ceased	0	Ceased		0

Active Persons With Significant Control

Name	Astrosyn Limited	Kind	Corporate Entity With Significant Control
Address	Montague Place Quayside, Chatham Maritime, Chatham, Kent	Notified On	06/04/2016
Post Code	ME4 4QU	Legal Form	Limited Company
Authority	The Companies Act	Place Registered	Companies House
Country Registered	England & Wales	Registration Number	03468218
Nature Of Control	Ownership Of Shares 75 To 100 Percent,Voting Rights 75 To 100 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 Displa

Ceased Statements

No Ceased Statements To Display

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 67.96
UK Pound	1	INR 91.88
Euro	1	INR 80.26
GBP	1	INR 91.41

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

INFORMATION DETAILS

Analysis Done by :	VAR
Report Prepared by :	KET

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.