MIRA INFORM REPORT

Report Date :

20.01.2012

IDENTIFICATION DETAILS

Name :	ARGHYA SERVICES LTD

Registered Office :	3 Newcourt Dorchester Close, Northolt, Middlesex, Ub5 4pf.

Country :	United Kingdom

Financials (as on) :	28.02.2011

Date of Incorporation :	01.02.2008

Com. Reg. No.:	06490942

Legal Form :	Private Limited Company

Line of Business :	Not Available

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate

Payment Behaviour :	Unknown

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 – September 30^th, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

United Kingdom

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

Company Identification Details

Subject Reported on	ARGHYA SERVICES LTD
Registration Number	06490942

Payment Behaviors

( No Payment Analysis Data is Available )

Official Company Data

Legal Form	Private Limited
Registration Number	06490942
Subject Status	Trading
Date of Incorporation	01/02/2008
Registered Office	3 NEWCOURT DORCHESTER CLOSE, NORTHOLT, MIDDLESEX, UB5 4PF.
Date of Last Annual Return to Registry	01/02/2011
Accounts	The last filed accounts at Companies House are those to 28/02/2011
Accounting Reference Date	28/02

Operations

Nace Code

5139

Historical Rating

Date	Monthly Credit Guide
18/01/2012	0
18/10/2011	0
18/07/2011	0
18/04/2011	0
18/01/2011	0

Search History Summary

Last 3 Months	Last 6 Months	Last 12 Months
0	0	0

Search History Details

The Search History Details shows details of the most recent 40 searches

Public Record Information

Summary of CCJ's/Scottish Decrees

No CCJs/Scottish Decrees are recorded in our file.

Other Filings and Notices

Date

Source

Description

30/11/2011	Companies House Gazette	All documents required to be delivered to the registrar under section 441 (annual accounts and reports)
05/02/2009	Companies House Gazette	Change among directors of a company
26/02/2008	Companies House Gazette	Change among directors of a company

Company Secretary

Secretary	MRS APARNA KADAM
Service Address	3 NEWCOURT, DORCHESTER CLOSE, NORTHOLT, MIDDLESEX, UB5 4PF.
Country of Origin	UNITED KINGDOM
Date of Birth	26/03/1977
Appointment Date	01/01/2009
Other Directorships	ARGHYA ENTERPRISES LTD

Directors

Director	MR SACHIN KADAM
Service Address	3 NEWCOURT, DORCHESTER CLOSE, NORTHOLT, MIDDLESEX, UB5 4PF.
Country of Origin	UNITED KINGDOM
Date of Birth	14/09/1974
Appointment Date	01/02/2008
Other Directorships	ARGHYA ENTERPRISES LTD
Accountant	MRS APARNA KADAM
Service Address	3 NEWCOURT, DORCHESTER CLOSE, NORTHOLT, MIDDLESEX, UB5 4PF.
Country of Origin	UNITED KINGDOM
Date of Birth	26/03/1977
Appointment Date	01/02/2008
Other Directorships	ARGHYA ENTERPRISES LTD

Share Capital

Shares	Ordinary GBP 1.00
Issued Number	2
Principal Shareholder	1 AparnaKadam
	1 SachinKadam

The above reflects the principle shareholder(s) by number of shares held, irrespective of share classification type.

Financial Data– Statutory Accounts

Balance Sheet

The following figures are shown in units of 1000

Number of Weeks	52	52	52
Accounts Date	28/02/2011	28/02/2010	28/02/2009
Currency	GBP	GBP	GBP
TOTAL CURRENT ASSETS	25	13	4
Trade debtors	6	9	2
Stocks	17	3	2
Other Current Assets	2	1
Cash	2	1
TOTAL ASSETS	25	13	4
TOTAL CURRENT LIABILITIES	40	10	3
Trade creditors	40	10	3
WORKING CAPITAL	(15)	3	1
TOTAL LONG TERM LIABS		11	4
NET ASSETS/(LIABILITIES)	(15)	(8)	(3)
SHARE CAPITAL + RESERVES	(15)	(8)	(3)
Profit and Loss account	(15)	(8)	(3)
SHAREHOLDERS FUNDS	(15)	(8)	(3)
CAPITAL EMPLOYED	(15)	3	1

Financial Comparison

The following figures are shown in units of 1000

Number of Weeks	52	52	52
Accounts Date	28/02/2011	28/02/2010	28/02/2009
Currency	GBP	GBP	GBP
Liquid Assets	8	10	2
Net Working Capital	(15)	3	1
Other Deferred Liabs		11	4
Tangible Net Worth(T.N.W)	(15)	(8)	(3)
Equity	(15)	(8)	(3)
Number of Years Trading	3	2	1

Key Credit Ratios

The following figures are shown as Ratios or Percentages

Accounts Date	28/02/2011	28/02/2010	28/02/2009
Current Ratio	0.6	1.3	1.3
Quick Ratio	0.2	1	0.7
T.N.W/Total Assets%	(60)	(61.5)	(75)
Equity Gearing%	(37.5)	(38.1)	(42.9)

Key Industry Sector Trends

Year	2011	2010	2009	2008
Sample Size	2393	8110	8044	8036
Pre-Tax Profit Margin	2.9	2.3	2	1.9
Current Ratio	1.8	1.4	1.4	1.4
Borrowing Ratio	77.1	84.1	80.3	85.3
Return on Capital	28.2	26.4	28.3	29.6
Creditors Days	56	66	69	83

Above figures relate to companies in 2003 Standard Industry Classification (Nace) sector : Wholesale of food, beverages and tobacco

Financial Summary

Auditors Qualification

The company has taken advantage of exemptions under the Companies Act such that the accounts have not been audited or examined.

No Turnover

The company's balance sheet total is less than GBP 2,800,001 and therefore this is a small company as defined by the Companies Act.It is not required to disclose turnover but it is likely to be less than GBP 5,600,000.

No Pre-Tax Profit

The Company is exempt from the requirement to file a Profit Loss Account. We note that the difference on the Profit and Loss Account shownon the Balance Sheet is GBP 7,000 decrease. This suggests that the Company may have made a post-tax loss of GBP 7,000.

Working Capital

The company's working capital position has reduced from a surplus and is now a deficiency of GBP 15,000.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.50.29
UK Pound	1	Rs.77.60
Euro	1	Rs.64.67

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.