MIRA INFORM REPORT

Report Date :

03.07.2008

IDENTIFICATION DETAILS

Name :	MVS IMPORTS LTD
Registered Office :	235 Imperial Drive, Rayners Lane Harrow, Middlesex HA2 7HE
Country :	United Kingdom
Financials (as on) :	31.03.2007
Date of Incorporation :	10.03.2006
Com. Reg. No.:	05739101
Legal Form :	Private Limited Liability Company (GB)

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	No Complaints
Litigation :	Clear

Company Identification Details

Subject Reported on	MVS IMPORTS LTD
Registered Office	235 Imperial Drive, Rayners Lane Harrow, Middlesex HA2 7HE

Official Company Data

Legal Form	Private Limited Liability Company (GB)
Registration Number	05739101
Date of Incorporation	10/03/2006
Registered Office	235 Imperial Drive, Rayners Lane Harrow, Middlesex HA2 7HE
Date of Last Annual Return to Registry	10/03/2008
Accounts	The last filed accounts cover the period to 31/03/2007 and were filed on 17/12/2007 with Companies House. Please note that the transition, analysis and publication of these accounts may take up to 10 days to appear on this report.

Recently Filed Documents

Details of the most recent documents

Date Received	Description
10/03/2008	Annual Return
31/03/2007	Financial Statement / Set of Accounts

It should be noted that there is no legal requirement to file satisfaction details of mortgages/charges at Companies House.

Known Directors

DIRECTOR	LALITHA  RAGUNATHAN
Occupation	DIRECTOR
Address	12,  KINGSDOWN CLOSE EARLEY , READING , RG6 5PN
Country of Origin	INDIAN
Date of Birth	03/02/1978
Appointment Date	10/03/2006
Other Appointments	MVS IMPORTS LTD
DIRECTOR	VINOTHKUMAR  SATHYANARAYANAN
Occupation	DIRECTOR
Address	12,  KINGSDOWN CLOSE EARLEY , READING , RG6 5PN
Country of Origin	INDIAN
Date of Birth	15/02/1975
Appointment Date	10/03/2006
Other Appointments	MVS IMPORTS LTD
DIRECTOR	NATARAJAN  NAGARAJAN
Occupation	ENGINEER
Address	12,  KINGSDOWN CLOSE EARLEY , READING , RG6 5PN
Country of Origin	INDIAN
Date of Birth	26/05/1965
Appointment Date	15/06/2006
Other Appointments	MVS IMPORTS LTD
SECRETARY	AMARAVATHY PERINPANATHAN
Address	NO 14 THE PADDOCKS,  , WEMBLEY PARK , MIDDLESEX , HA9 9HH
Country of Origin	BRITISH
Appointment Date	10/03/2006

Recently Resigned Directors (last 3)

None

Share Summary

Share Currency:	GBP
Priniciple Shareholders:	Type Of Share	No. of Shares	Value	Voting %age
Lalitha Ragunathan	ORD	1	1.00	50.00
Vinothkumar Sathyanarayanan	ORD	1	1.00	50.00

Mortgages and Charges

There are no mortgages

Public Record Information

Summary of CCJ's/Scottish Decrees

There are no unsatisfied CCJs against the company.

Operations

Sic Code	Description
Staff Employed

Financial Data

Profit and Loss

Number of Weeks	52
Accounts Date	31/03/2007
Currency	GBP
Units	units
Consolidated?	No
RETAINED PROFITS	-	-	-

Balance Sheet

Number of Weeks	52
Accounts Date	31/03/2007
Currency	GBP
Units	units
Consolidated?	No
TOTAL FIXED ASSETS	0
TOTAL CURRENT ASSETS	206,023
Stocks	66,247	-	-	-
Trade Debtors	118,762	-	-	-
Cash	21,014	-	-	-
TOTAL ASSETS	206,023
TOTAL CURRENT LIABILITIES	194,621
Other Current Liabilities	194,621	-	-	-
WORKING CAPITAL	11,402
TOTAL LONG TERM LIABS	0
NET ASSETS/(LIABILITIES)	11,402
SHARE CAPITAL + RESERVES	11,402
Issued Share Capital	2	-	-	-
Profit and Loss account	11,400	-	-	-
SHAREHOLDERS FUNDS	11,402
CAPITAL EMPLOYED	11,402
TANGIBLE NET WORTH	11,402

Key Credit Ratios

Accounts Date	31/03/2007
Current Ratio	1.06
Quick Ratio	0.72
T.N.W/Total Assets	0.06
Solvency (%)	1706.90

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.43.21
UK Pound	1	Rs.85.72
Euro	1	Rs.67.92

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
NR		In view of the lack of information, we have no basis upon which to recommend credit dealings	No Rating

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 and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

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