MIRA INFORM REPORT

Report Date :

17.02.2011

IDENTIFICATION DETAILS

Name :	USV EUROPE LIMITED
Registered Office :	The Podium, 1, Eversholt Street, London, Nw1 2dn
Country :	United Kingdom
Financials (as on) :	31.03.2010
Date of Incorporation :	03.01.2008
Com. Reg. No.:	06463435
Legal Form :	Private limited with Share Capital
Line of Business :	Other Business Activities.

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	£1,500
Status :	Moderate
Payment Behaviour :	No Complaints
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 – June 30, 2010

Country Name	Previous Rating (01.04.2010)	Current Rating (30.06.2010)
United Kingdom	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company summary

Company Name	USV EUROPE LIMITED	Company Number	06463435
Registered Address	THE PODIUM, 1, EVERSHOLT STREET	Trading Address	CITY HOUSE, 126-130 HILLS ROAD CAMBRIDGE CAMBRIDGESHIRE CB2 1RY CB2 1RY
	LONDON
	NW1 2DN
Website Address	-
Telephone Number	-	Fax Number
TPS	-	FPS	No
Incorporation Date	03/01/2008	Company Status	Active - Accounts Filed
Previous Name		Type	Private limited with Share Capital
		Filing Date of Accounts	28/07/2010
Date of Change	-	Share Capital	£100
Sic Code	7487	Currency	GBP
Sic Description	OTHER BUSINESS ACTIVITIES
Principal Activity

Accounts Due Date 31/12/2011

Credit Limit

Limit	£1,500
Contract Limit	£3,000

Commentary

No exact match CCJs are recorded against the company.
The credit limit on this company has fallen 86.4% in comparison to the previously suggested credit limit.
There is insufficient data to indicate a change in this companies percentage of sales.
In the previous 12 month trading period Net Worth increased by 180.9%.
A 88.7% decline in Total Assets occurred in the previous 12 month trading period.
There is insufficient data to indicate a change in this companies pre-tax profit.
The company saw an decrease in their Cash Balance of 63.1% in the previous 12 month trading period.
The audit report contains no adverse comments.
No recent changes in directorship are recorded.
The company is part of a group.
The positive change in the P&L Account Reserve suggests that the company made a profit after tax and other appropriations.
The company has changed its registered address recently.
The company was established over 2 years ago.

Last 3 Years Credit Limit

Date	Limit
31/12/2010	£1,500
31/12/2009	£7,000
31/12/2008	£1,000

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder Funds	Employees
31/03/2010	-	-	£14,973	-
31/03/2009	-	-	£5,330	-
31/03/2008	-	-	-	-

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 -	0

Exact CCJ Details

There are no exact CCJ details

Possible CCJ Details

There are no possible CCJ details

Writ Details

There are no writ details

Mortgage Summary

Outstanding	0
Satisfied	0

Total Current Directors	1
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	0

Current Directors

Name	Debabrata Sujitkumar Gupta	Date of Birth	19/02/1963
Officers Title		Nationality	Indian
Present Appointments	1	Function	Director
Appointment Date	03/01/2008
Address	B/804, Eternia,,  Hiranandani Gardens, Powai,,  Mumbai-400076,
Other Actions	View Director Report	View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Current Company Secretary

Name	Sudhir Prabhakar Thatte	Date of Birth	-
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Company Secretary
Appointment Date	03/01/2008
Address	C/41, Tara Baug Estate,  R R Roy Road, Girgaum,  Mumbai 400004,
Other Actions		View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Top 20 Shareholders

Name	Individual Share Value
USV LIMITED	100 ORDINARY GBP 1.00

Profit & Loss

Date Of Accounts	31/03/10	(%)	31/03/09	(%)	31/03/08	(%)	-	(%)	-
Weeks	52	(%)	52	(%)	52	(%)	-	(%)	-
Currency	GBP	(%)	GBP	(%)	GBP	(%)	-	(%)	-
Consolidated A/cs	N	(%)	N	(%)	N	(%)	-	(%)	-
Turnover	-	-	-	-	-	-	-	-	-
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-
Wages & Salaries	-	-	-	-	-	-	-	-	-
Directors Emoluments	-	-	-	-	-	-	-	-	-
Operating Profit	-	-	-	-	-	-	-	-	-
Depreciation	-	-	-	-	-	-	-	-	-
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	-	-	-
Taxation	-	-	-	-	-	-	-	-	-
Profit After Tax	-	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

Date Of Accounts	31/03/10	(%)	31/03/09	(%)	31/03/08	(%)	-	(%)	-
Tangible Assets	0	-	0	-	0	-	-	-	-
Intangible Assets	0	-	0	-	0	-	-	-	-
Total Fixed Assets	0	-	0	-	0	-	-	-	-
Stock	0	-	0	-	0	-	-	-	-
Trade Debtors	£4,245	-98.9%	£376,522	-	0	-	-	-	-
Cash	£55,519	-63.1%	£150,464	-	0	-	-	-	-
Other Debtors	0	-	0	-	0	-	-	-	-
Miscellaneous Current Assets	0	-	0	-	0	-	-	-	-
Total Current Assets	£59,764	-88.7%	£526,986	-	0	-	-	-	-
Trade Creditors	£44,791	-91.4%	£521,656	-	0	-	-	-	-
Bank Loans & Overdrafts	0	-	0	-	0	-	-	-	-
Other Short Term Finance	0	-	0	-	0	-	-	-	-
Miscellaneous Current Liabilities	0	-	0	-	0	-	-	-	-
Total Current Liabilities	£44,791	-91.4%	£521,656	-	0	-	-	-	-
Bank Loans & Overdrafts and LTL	0	-	0	-	0	-	-	-	-
Other Long Term Finance	0	-	0	-	0	-	-	-	-
Total Long Term Liabilities	0	-	0	-	0	-	-	-	-

Capital & Reserves

Date Of Accounts	31/03/10	(%)	31/03/09	(%)	31/03/08	(%)	-	(%)	-
Called Up Share Capital	£100	-	£100	-	-	-	-	-	-
P & L Account Reserve	£14,873	184.4%	£5,230	-	-	-	-	-	-
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	£14,973	180.9%	£5,330	-	-	-	-	-	-

Other Financial Items

Date Of Accounts	31/03/10	(%)	31/03/09	(%)	31/03/08	(%)	-	(%)	-
Net Worth	£14,973	180.9%	£5,330	-	-	-	-	-	-
Working Capital	£14,973	180.9%	£5,330	-	-	-	-	-	-
Total Assets	£59,764	-88.7%	£526,986	-	-	-	-	-	-
Total Liabilities	£44,791	-91.4%	£521,656	-	-	-	-	-	-
Net Assets	£14,973	180.9%	£5,330	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	31/03/10	(%)	31/03/09	(%)	31/03/08	(%)	-	(%)	-
Contingent Liability	NO	-	NO	-	NO	-	-	-	-
Capital Employed	£14,973	180.9%	£5,330	-	-	-	-	-	-
Number of Employees	-	-	-	-	-	-	-	-	-
Auditors	SHARMAN FIELDING
Auditor Comments	The audit report contains no adverse comments
Bankers
Bank Branch Code

Ratios

Date Of Accounts	31/03/10	31/03/09	31/03/08	-	-
Pre-tax profit margin %	-	-	-	-	-
Current ratio	1.33	1.01	-	-	-
Sales/Net Working Capital	-	-	-	-	-
Gearing %	0	0	0	-	-
Equity in %	25.10	1	-	-	-
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	1.33	1.01	-	-	-
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	2.99	97.87	-	-	-
Total Debt Ratio	2.99	97.87	-	-	-
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	-	-	-	-	-

Status History

No Status History found

Event History

Date	Description
07/08/2010	New Accounts Filed
30/03/2010	Annual Returns
02/02/2010	Change in Reg.Office
02/02/2010	Change of Company Postcode
09/09/2009	New Accounts Filed
30/06/2009	New Accounts Filed
26/03/2009	Change in Reg.Office
26/03/2009	Change of Company Postcode
13/02/2009	Annual Returns
07/01/2008	Change of Name
07/01/2008	Change in Reg.Office
07/01/2008	Change of Company Postcode

Rating History

Date	Rating	Description
07/08/2010	50	Creditworthy
05/08/2010	88	Very Good Credit Worthiness
09/09/2009	54	Good Credit Worthiness
30/06/2009	Not Rated	Non trading
22/06/2009	Not Rated	Dormant Company
26/03/2009	18	Caution - Credit at your discretion
20/02/2009	27	Caution - Credit at your discretion
12/09/2008	40	Creditworthy
04/08/2008	58	Good Credit Worthiness
05/02/2008	0	Company's age is less than 18 months

Limit History

Date	Limit
07/08/2010	£1,500
05/08/2010	£11,000
09/09/2009	£7,000

Previous Company Names

No Previous Names found

Group Structure Summary

Company Name	USV EUROPE LIMITED	Company Number	06463435
Holding Company	-	Ownership Status	Wholly Owned
Ultimate Holding Company	USV LIMITED	Companies in group	2

Group structure

Company Name	Safe Number	Registered Number	Latest Key Financials	Consol. Accounts	Limit	Turnover
USV LIMITED			-	-	-	-
USV EUROPE LIMITED	UK06106591	06463435	31.03.2010	N	£1,500	-

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.45
UK Pound	1	Rs.72.90
Euro	1	Rs.61.43

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	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
----	NB	New Business	----

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.