MIRA INFORM REPORT

Report Date :

01.10.2008

IDENTIFICATION DETAILS

Name :	COMSHIRE LIMITED

Registered Office :	23 Clare Close, Elstree, Borehamwood, Hertfordshire WD6 3NJ

Country :	United Kingdom

Financials (as on) :	30.09.2005

Date of Incorporation :	05.06.1990

Legal Form :	Private Limited with Share Capital

Line of Business :	Hotels, Motels With, Without Restaurant

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate

Payment Behaviour :	Unknown

Litigation :	Clear

Name of the company

COMSHIRE LIMITED

Number 02508936

company summary

Address 23 CLARE CLOSE,
ELSTREE,
BOREHAMWOOD,
HERTFORDSHIRE WD6 3NJ

Postcode WD6 3NJ

Phone

Type Private limited with Share Capital

Company Status Financial Statements too old

Incorporated Date 05/06/1990

Active CCJ's 0

Value of CCJ's [£] £0

Number Of Writs 0

Current Directors 4

Total Directorships 29

Trading to Date 30/09/05 30/09/04 30/09/03

Turnover - - -

Shareholder Funds £390,452 £433,338 £608,074

Employees - - -

Trends

Profitability

Liquidity

Shareholders Funds

company information

Registered Address

Telephone Number

TPS

Address

23 CLARE CLOSE
ELSTREE
BOREHAMWOOD
HERTFORDSHIRE WD6 3NJ

Trading Address

Telephone Number

TPS

Address

23 Clare Close
Elstree
Borehamwood
WD6 3NJ

Web Address Incorporation Date 05/06/1990

Type of Accounts Total Exemption Small Filing Date of Accounts 27/07/2006

Company Type Private Limited With Share Capital Date of Latest Accounts 30/09/2005

Annual Return 12/07/2008

Industry:

Hotels, Motels With, Without Restaurant.

SIC Code Description

5510 Hotels And Motels

Mortgage Charges

Outstanding 0 Satisfied 5

Shareholders

Share Capital 100 Currency Gbp

Secondary Industry Code Details

SIC Code Description

5510 Hotels And Motels

Mortgage Details

Mortgage Type: debenture

Date Charge Created: 25/04/2002 Date Charge Registered: 26/04/2002

Date Charge Satisfied: 18/05/2007 Status: Satisfied

Person(s) Entitled: HSBC BANK PLC

Amount Secured: all monies due or to become due from the company to the chargee on any account whatsoever.

Details: 01 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 mortgage

Date Charge Created: 11/04/2002 Date Charge Registered: 18/04/2002

Date Charge Satisfied: 18/05/2007 Status: Satisfied

Person(s) Entitled: HSBC BANK PLC

Amount Secured: all monies due or to become due from the company to the chargee on any account whatsoever.

Details: the property k/a 60 argyle street camden london t/n ngl310149 05 with the benefit of all rights licence guarantees rent deposits contracts deeds undertakings and warranties relating to the property any shares or membership rights in any management company for the property any goodwill of any business from time to time carried on at the property any rental and other money payable under any lease licence or other interest created in respect of the property and all other payments whatever in respect of the property

Mortgage Type: legal mortgage

Date Charge Created: 08/05/2000 Date Charge Registered: 11/05/2000

Date Charge Satisfied: 18/05/2007 Status: Satisfied

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: the f/h property k/a 60 argyle st pancra s london t/n ngl310149 19 and the proceeds of sale thereof floating charge over all moveable plant machinery implements utensils furniture and equipment and an assignment of the goodwill and connection of any business together with the full benefit of all licences

Mortgage Type: legal mortgage

Date Charge Created: 29/08/1991 Date Charge Registered: 03/09/1991

Date Charge Satisfied: 18/05/2007 Status: Satisfied

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: 60, argyle st, st. pancras, london title no ngl 310149 & the proceeds of sale th ereon with a: 09 floating charge over all moveable plantmachinery implements utensils furnitureand equipment.

Mortgage Type: mortgage debenture

Date Charge Created: 27/08/1991 Date Charge Registered: 02/09/1991

Date Charge Satisfied: 20/06/2007 Status: Satisfied

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: 10 a specific equitable charge over all freehold and leasehold properties and/or the proceeds of sale thereof, fixed and floating charges over undertaking and allproperty and assets present and future including goodwill, bookdebts and the benefits of any licences.

Shareholders Details

Name Shares

Shakuntala Parekh In Trust For Pratik Parekh & Anupam Parekh In

Trust For Pratik Parekh 50 Ordinary Gbp 1.00

Anupam Parekh In Trust For Priyesh Parekh & Shakuntala Parekh In

Trust For Priyesh Parekh 50 Ordinary Gbp 1.00

Trading Address Details

Address Telephone Number TCPS

23 Clare Close Elstree Borehamwood WD6 3NJ

accounts

PROFIT & LOSS

	Annual Accounts	10/04-09/05	Change (%)	10/03-09/04	Change (%)	10/02-09/03
	Months	12	-	12	-	12
	Currency	GBP	-	GBP	-	GBP
	Consolidated A/cs	N	-	N	-	N
	Turnover	-	-	-	-	-
	Export	-	-	-	-	-
	Cost of Sales	-	-	-	-	-
	Gross Profit	-	-	-	-	-
	Wages & Salaries	-	-	-	-	-
	Directors Emoluments	-	-	-	-	-
	Operating Profits	-	-	-	-	-
	Depreciation	-	-	-	-	-
	Audit Fees	-	-	-	-	-
	Interest Payments	-	-	-	-	-
	Pre Tax Profit	-	-	-	-	-
	Taxation	-	-	-	-	-
	Profit After Tax	-	-	-	-	-
	Dividends Payable	-	-	-	-	-
	Retained Profits	-	-	-	-	-

BALANCE SHEET

	Annual Accounts	10/04-09/05	Change (%)	10/03-09/04	Change (%)	10/02-09/03
	Tangible Assets	-	-100.0 %	41,866	-96.1 %	1,075,221
	Intangible Assets	-	-	-	-	-
	Total Fix Assets	-	-100.0 %	41,866	-96.1 %	1,075,221
	Total Current Assets	553,072	-29.1 %	779,992	150.3 %	311,571
	Trade Debtors	-	-	-	-	-
	Stock	-	-	-	-	-
	Cash	2,066	-98.0 %	101,008	-50.2 %	202,629
	Other Current Assets	551,006	-18.8 %	678,984	523.3 %	108,942
	Increase In Cash	-98,942	2.6 %	-101,621	-347.3 %	41,090
	Miscellaneous Current Assets	-	-	-	-	-
	Total Assets	553,072	-32.7 %	821,858	-40.7 %	1,386,792
	Total Current Liabilities	162,620	-56.4 %	372,852	-42.6 %	649,044
	Trade Creditors	-	-	-	-	-
	Bank Overdraft	-	-	-	-	-
	Other Short Term Fin	-	-	-	-	-
	Miscellaneous Current Liabilities	162,620	-56.4 %	372,852	-42.6 %	649,044
	Other Long Term Fin	-	-	-	-100.0 %	95,610
	Total Long Term Liabilities	-	-100.0 %	15,668	-87.9 %	129,674
	Bank Overdraft & LTL	-	-100.0 %	15,668	-87.9 %	129,674
	Total Liabilities	162,620	-58.1 %	388,520	-50.1 %	778,718
	Net Assets	390,452	-9.9 %	433,338	-28.7 %	608,074
	Working Capital	390,452	-4.1 %	407,140	220.6 %	-337,473

CAPITALS & RESERVES

	Annual Accounts	10/04-09/05	Change (%)	10/03-09/04	Change (%)	10/02-09/03
	Paid up equity	100	-	100	-	100
	P&L Account Reserve	390,352	-9.9 %	433,238	813.6 %	-60,710
	Sundry Reserves	-	-	-	-	-
	Revaluation Reserve	-	-	-	-100.0 %	668,684
	Shareholder Funds	390,452	-9.9 %	433,338	-28.7 %	608,074
	Net Worth	390,452	-9.9 %	433,338	-28.7 %	608,074

MISCELLANEOUS

	Annual Accounts	10/04-09/05	Change (%)	10/03-09/04	Change (%)	10/02-09/03
	Net Cashflow from Operations	-	-	-	-	-
	Net Cashflow before Financing	-	-	-	-	-
	Net Cashflow from Financing	-	-	-	-	-
	Contingent Liability	NO	-	NO	-	NO
	Capital Employed	390,452	-13.0 %	449,006	-39.1 %	737,748
	No of Employees	-	-	-	-	-

	Auditors	ABLEMAN SHAW & CO
	AuditQualification	No Adverse Comments
	Bankers	HSBC BANK PLC
	BankBranchCode	40-18-41

	Annual Accounts	10/04-09/05	10/03-09/04	10/02-09/03
	Pre-tax profit margin %	-	-	-
	Current ratio	3.40	2.09	0.48
	Sales/Net Working Capital	0.00	0.00	0.00
	Gearing %	0.0 %	3.6 %	21.3 %
	Equity in %	70.6 %	52.7 %	43.8 %
	Creditor Days	-	-	-
	Debtor Days	-	-	-
	Liquidity/Acid Test	3.40	2.09	0.48
	Return On Capital Employed %	0.0 %	0.0 %	0.0 %
	Return On Total Assets Employed %	0.0 %	0.0 %	0.0 %
	Current Debt Ratio %	0.4 %	0.9 %	1.1 %
	Total Debt Ratio %	0.4 %	0.9 %	1.3 %
	Stock Turnover Ratio %	-	-	-
	Return on Net Assets Employed %	0.0 %	0.0 %	0.0 %

group structure

No group structure for this company.

Status History

Date Description

No Status History

Event History

Date Description

27/08/2008 Annual Returns

18/02/2008 Accounts Overdue

19/07/2007 Annual Returns

05/07/2007 Annual Returns

25/05/2007 Cherie Pandya Has Resigned As Company Secretary

11/08/2006 New Board Member (anupam Parekh) Appointed

09/08/2006 New Accounts Filed

21/10/2005 New Accounts Filed

17/08/2004 Priyesh Anupamparekh Has Left The Board

17/08/2004 New Board Member (shakuntala Parekh) Appointed

23/07/2004 Annual Returns

22/07/2004 New Accounts Filed

19/07/2004 Annual Returns

17/06/2004 Data Refresh

directors

Name Pratik Parekh

Address Flat 5 62 Argyle Street

London

WC1H 8ER

Officers Title Mr Date Of Birth 05/10/1975

Honours Present Appointments 13

Appointment Date 19/05/2000 Function Company Secretary

Name Pratik Parekh

Address Flat 5 62 Argyle Street

London

WC1H 8ER

Officers Title Mr Date Of Birth 05/10/1975

Honours Present Appointments 13

Appointment Date 01/07/1999 Function Director

Name Shakuntala Parekh

Address 23 Clare Close

Elstree

Borehamwood

Hertfordshire

WD6 3NJ

Officers Title Mrs Date Of Birth 18/08/1949

Honours Present Appointments 8

Appointment Date 24/03/2002 Function Director

Name Anupam Parekh

Address 42 Argyle Square

London

WC1H 8ER

Officers Title Mr Date Of Birth 07/01/1944

Honours Present Appointments 8

Appointment Date 19/07/2006 Function Director

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.46.96
UK Pound	1	Rs.83.91
Euro	1	Rs.66.36

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