MIRA INFORM REPORT

Report Date :

21.06.2012

IDENTIFICATION DETAILS

Name :	EURO LIFECARE LTD

Formerly Known As :	EURO LABORATORIES & CHEMICALS LTD.

Registered Office :	1st Floor, 26 Fouberts Place, London, W1f 7pp.

Country :	United Kingdom

Financials (as on) :	31.12.2010

Date of Incorporation :	11.01.2002

Com. Reg. No.:	04351875

Legal Form :	Private Limited Company

Line of Business :	Wholesalers of chemical goods.

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 – March 31^st, 2012

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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	EURO LIFECARE LTD
Registration Number	04351875
VAT Number	GB798625757
Address	1ST FLOOR, 26 FOUBERTS PLACE, LONDON, W1F 7PP.
Telephone	020 7439 3400
Facsimile	020 7439 3900
Email	anilnigam2000@yahoo.com

Official Company Data

Legal Form	Private Limited
Registration Number	04351875
VAT Number	GB798625757
Subject Status	Trading
Date of Incorporation	11/01/2002
Registered Office	1ST FLOOR, 26 FOUBERTS PLACE, LONDON, W1F 7PP.
History	6/06/2008 : Change of name from EURO LABORATORIES & CHEMICALS LTD.
	10/03/2003 : The Registered Office address changed from 1ST FLOOR, 26 FOWBERTS PLACE, LONDON, W1F 7P.
	13/08/2002 : The Registered Office address changed from 72 NEW BOND STREET, MAYFAIR, LONDON, W1S 1RR.
Date of Last Annual Return to Registry	11/01/2012
Accounts	The last filed accounts at Companies House are those to 31/12/2010
Accounting Reference Date	31/12

Operations

Activities	Wholesalers of chemical goods.
Nace Code	5146
Trade Names	EURO LABS
Bankers	LLOYDS TSB BANK PLC
Address	HANOVER SQUARE, LONDON.
Sort Code	309384
Auditors	Bushey & Co

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
19/07/2011	Companies House Gazette	Notification of any change among the company's directors
08/04/2009	Companies House Gazette	Change among directors of a company
06/06/2008	Companies House Gazette	Change among directors of a company
13/05/2008	Companies House Gazette	Change among directors of a company
10/09/2004	Companies House Gazette	Change among directors of a company

Company Secretary

Secretary	FTI (SECRETARIAT) LTD
Service Address	1ST FLOOR, 26 FOUBERTS PLACE, LONDON, W1F 7PP.
Country of Origin	UNITED KINGDOM
Appointment Date	05/01/2006
Secretary	ARUNA BHAGAT
Service Address	Q 2463 SECTOR 4D, BOKARO STEEL CITY, JHARKHAND.
Country of Origin	INDIA
Appointment Date	28/09/2003

Directors

Director	SANJEEV KUMAR BHAGAT
Service Address	2463 4-D BOKARD STEEL CITY, JHARKHAND, B27004.
Country of Origin	INDIA
Date of Birth	29/07/1971
Appointment Date	11/01/2002
Director	MR ANIL NIGAM
Service Address	2 BERGEN HOUSE, CAREW STREET CAMBERWELL, LONDON, SE5 9ED.
Country of Origin	INDIA
Date of Birth	02/06/1965
Appointment Date	08/02/2011

Share Capital

Shares	Ordinary GBP 1.00
Issued Number	5,000
Principal Shareholder	5,000 Sanjeev Kumar Bhagat

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

Financial Data– Statutory Accounts

Profit and Loss
*The following figures are shown in units of 1000*
Number of Weeks	52	52	52	52
Accounts Date	31/12/2010	31/12/2009	31/12/2008	31/12/2007
Currency	USD	USD	USD	USD
SALES			85	79
PRE TAX PROFIT			27	7

Balance Sheet
*The following figures are shown in units of 1000*
Number of Weeks	52	52	52	52
Accounts Date	31/12/2010	31/12/2009	31/12/2008	31/12/2007
Currency	USD	USD	USD	USD
TOTAL CURRENT ASSETS	168	103	103	75
Trade debtors	164	31	31	33
Other Current Assets	4	72	72	42
Misc Current Assets				14
Cash	4	72	72	28
TOTAL ASSETS	168	103	103	75
TOTAL CURRENT LIABILITIES	168	61	61	55
Trade creditors	168	61	61	54
Short Term Loans				1
Bank Overdraft				1
WORKING CAPITAL		42	42	20
NET ASSETS/(LIABILITIES)		42	42	20
SHARE CAPITAL + RESERVES		42	42	20
Share Cap + Sundry Res	7	7	7	7
Profit and Loss account	(7)	35	35	13
SHAREHOLDERS FUNDS		42	42	20
CAPITAL EMPLOYED		42	42	20

Financial Comparison
*The following figures are shown in units of 1000*
Number of Weeks	52	52	52	52
Accounts Date	31/12/2010	31/12/2009	31/12/2008	31/12/2007
Currency	USD	USD	USD	USD
Liquid Assets	168	103	103	61
Net Working Capital		42	42	20
Tangible Net Worth(T.N.W)		42	42	20
Equity		42	42	20
Number of Years Trading	8	7	6	5

Key Credit Ratios
*The following figures are shown as Ratios or Percentages*
Accounts Date	31/12/2010	31/12/2009	31/12/2008	31/12/2007
Current Ratio	1	1.7	1.7	1.4
Pre Tax Profit Margin%			31.8	8.9
Debtors Days (D.S.O)				152
Quick Ratio	1	1.7	1.7	1.4
Return on Investment%			64.3	33.3
Return on Assets%			26.2	9.3
T.N.W/Total Assets%		40.8	40.8	26.7
Return on Capital%			64.3	35
Rtn on Shareholders Funds%			64.3	35
Working Capital/Sales%			49.4	25.3
Borrowing Ratio%				5
Equity Gearing%		68.9	68.9	36.4

Key Industry Sector Trends

Year	2012	2011	2010	2009
Sample Size	201	7872	10991	10913
Pre-Tax Profit Margin	8.6	2.9	2.3	0.8
Current Ratio	1.7	1.6	1.6	1.6
Borrowing Ratio	95.8	43.9	36.9	45.7
Return on Capital	20.2	23.8	24.9	24
Creditors Days	42	205	175	125

Above figures relate to companies in 2003 Standard Industry Classification (Nace) sector : Wholesale of household goods

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.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.86
UK Pound	1	Rs.87.93
Euro	1	Rs.70.88

INFORMATION DETAILS

Report Prepared by :

MNL

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.