MIRA INFORM REPORT

Report Date :

08.10.2008

IDENTIFICATION DETAILS

Name :	URBAN OUTFITTERS UK LIMITED
formerly Known as :	INPUTMEGA LIMITED
Registered Office :	Stephenson Harwood, 1 St Pauls Churchyard, London EC4M 8SH
Country :	United Kingdom
Financials (as on) :	31.01.2008
Date of Incorporation :	09.11.1995
Legal Form :	Private Limited with Share Capital
Line of Business :	Speciality Retailing of Fashion Apparel, Accessories and Household Merchandise and Music.

RATING & COMMENTS

MIRA’s Rating :

A

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	[£] 750,000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear

Name of the company

URBAN OUTFITTERS UK LIMITED

Number 03124253

company summary

Address STEPHENSON HARWOOD,
1 ST PAULS CHURCHYARD,
LONDON EC4M 8SH

Postcode EC4M 8SH

Phone

Type Private limited with Share Capital

Company Status Active - Accounts Filed

Incorporated Date 09/11/1995

Todays Limit [£] 750,000

Active CCJ's 0

Value of CCJ's [£] £0

Number Of Writs 0

Current Directors 5

Total Directorships 12

Trading to Date 31/01/08 31/01/07 31/01/06

Turnover £42,236,105 £34,277,009 £23,862,000

Shareholder Funds £10,324,295 £6,512,871 £3,481,000

Employees 450 375 -

Trends

Profitability

Liquidity

Shareholders Funds

company information

Registered Address

Telephone Number

TPS

Address

STEPHENSON HARWOOD
1 ST PAULS CHURCHYARD
LONDON EC4M 8SH

Trading Address

Telephone Number

TPS

Address

Stephenson Harwood
1 St Pauls Churchyard
London
EC4M 8SH

Web Address urbanoutfitters.co.uk Incorporation Date 09/11/1995

Type of Accounts Full Accounts Filing Date of Accounts 11/07/2008

Company Type Private Limited With Share Capital Date of Latest Accounts 31/01/2008

Annual Return 09/11/2006

Previous Name(s)

Changed: 26/01/1996 Inputmega Limited

Industry:

Speciality Retailing Of Fashion Apparel, Accessories And Household Merchandise And Music.

SIC Code Description

5242 Retail Sale Of Clothing

Mortgage Charges

Outstanding 1 Satisfied 0

Shareholders

Share Capital 7974623 Currency Gbp

Previous Names Details

Previous Name(s)

Changed : 26/01/1996 Inputmega Limited

Secondary Industry Code Details

SIC Code Description

5242 Retail Sale Of Clothing

Mortgage Details

Mortgage Type: rent deposit deed

Date Charge Created: 11/03/2005 Date Charge Registered: 26/03/2005

Date Charge Satisfied: Status: Outstanding

Person(s) Entitled: RANENSEFT PROPERTIES LIMITED

Amount Secured: all monies due or to become due from the company to the chargee under the terms of the aforementioned instrument creating or evidencing the charge

Details: £95,000

Shareholders Details

Name Shares

U D D Secondary Inc 7,974,623 Ord £1 Shares

Trading Address Details

Address Telephone Number TCPS

Stephenson Harwood 1 St Pauls Churchyard London EC4M 8SH

36-38 KENSINGTON HIGH ST LONDON W8 4PF 02077611001 N

accounts

PROFIT & LOSS

Annual Accounts	02/07-01/08	Change (%)	02/06-01/07	Change (%)	02/05-01/06
Months	12	-	12	-	12
Currency	GBP	-	GBP	-	GBP
Consolidated A/cs	N	-	N	-	N
Turnover	42,236,105	23.2 %	34,277,009	43.6 %	23,862,000
Export	3,036,579	137.8 %	1,276,868	-	-
Cost of Sales	30,980,210	24.6 %	24,871,115	36.3 %	18,241,000
Gross Profit	11,255,895	19.7 %	9,405,894	67.3 %	5,621,000
Wages & Salaries	7,730,643	26.8 %	6,094,903	11.0 %	5,490,000
Directors Emoluments	388,001	38.2 %	280,714	3.6 %	271,000
Operating Profits	2,277,359	-24.2 %	3,005,659	514.0 %	-726,000
Depreciation	1,530,257	27.4 %	1,201,430	29.5 %	928,000
Audit Fees	22,500	-	22,500	18.4 %	19,000
Interest Payments	-	-	-	-	-
Pre Tax Profit	2,371,424	-22.0 %	3,041,502	752.7 %	-466,000
Taxation	1,440,000	999.9%	-9,160	-358.0 %	-2,000
Profit After Tax	3,811,424	25.7 %	3,032,342	747.9 %	-468,000
Dividends Payable	-	-	-	-	-
Retained Profits	3,811,424	25.7 %	3,032,342	747.9 %	-468,000

BALANCE SHEET

Annual Accounts	02/07-01/08	Change (%)	02/06-01/07	Change (%)	02/05-01/06
Tangible Assets	17,225,450	23.8 %	13,918,167	12.8 %	12,337,000
Intangible Assets	-	-	-	-	-
Total Fix Assets	17,225,450	23.8 %	13,918,167	12.8 %	12,337,000
Total Current Assets	17,027,977	55.9 %	10,920,145	42.1 %	7,683,000
Trade Debtors	698,763	157.3 %	271,527	-42.0 %	468,000
Stock	3,469,148	5.1 %	3,301,165	52.3 %	2,168,000
Cash	4,006,433	53.6 %	2,609,101	-8.9 %	2,864,000
Other Current Assets	8,853,633	86.9 %	4,738,352	117.1 %	2,183,000
Increase In Cash	1,397,332	648.2 %	-254,899	66.6 %	-764,000
Miscellaneous Current Assets	-	-	-	-	-
Total Assets	34,253,427	37.9 %	24,838,312	24.1 %	20,020,000
Total Current Liabilities	23,929,132	30.6 %	18,325,441	10.8 %	16,539,000
Trade Creditors	3,032,913	5.7 %	2,868,907	51.6 %	1,893,000
Bank Overdraft	-	-	-	-	-
Other Short Term Fin	14,723,385	41.3 %	10,419,276	19.5 %	8,722,000
Miscellaneous Current Liabilities	6,172,834	22.5 %	5,037,258	-15.0 %	5,924,000
Other Long Term Fin	-	-	-	-	-
Total Long Term Liabilities	-	-	-	-	-
Bank Overdraft & LTL	-	-	-	-	-
Total Liabilities	23,929,132	30.6 %	18,325,441	10.8 %	16,539,000
Net Assets	10,324,295	58.5 %	6,512,871	87.1 %	3,481,000
Working Capital	-6,901,155	6.8 %	-7,405,296	16.4 %	-8,856,000

CAPITALS & RESERVES

Annual Accounts	02/07-01/08	Change (%)	02/06-01/07	Change (%)	02/05-01/06
Paid up equity	7,974,623	-	7,974,623	0.0 %	7,975,000
P&L Account Reserve	2,349,672	260.7 %	-1,461,752	67.5 %	-4,494,000
Sundry Reserves	-	-	-	-	-
Revaluation Reserve	-	-	-	-	-
Shareholder Funds	10,324,295	58.5 %	6,512,871	87.1 %	3,481,000
Net Worth	10,324,295	58.5 %	6,512,871	87.1 %	3,481,000

MISCELLANEOUS

Annual Accounts	02/07-01/08	Change (%)	02/06-01/07	Change (%)	02/05-01/06
Net Cashflow from Operations	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-
Contingent Liability	YES	-	NO	-	YES
Capital Employed	10,324,295	58.5 %	6,512,871	87.1 %	3,481,000
No of Employees	450	20.0 %	375	-	-

Auditors	KINGSTON SMITH LLP
AuditQualification	No Adverse Comments
Bankers	WACHOVIA BANK
BankBranchCode	16-56-71

RATIOS

Annual Accounts	02/07-01/08	02/06-01/07	02/05-01/06
Pre-tax profit margin %	5.6 %	8.9 %	-2.0 %
Current ratio	0.71	0.60	0.46
Sales/Net Working Capital	-6.12	-4.63	-2.69
Gearing %	0.0 %	0.0 %	0.0 %
Equity in %	30.1 %	26.2 %	17.4 %
Creditor Days	26.14	30.47	28.96
Debtor Days	6.02	2.88	7.16
Liquidity/Acid Test	0.57	0.42	0.33
Return On Capital Employed %	23.0 %	46.7 %	-13.4 %
Return On Total Assets Employed %	6.9 %	12.2 %	-2.3 %
Current Debt Ratio %	2.3 %	2.8 %	4.8 %
Total Debt Ratio %	2.3 %	2.8 %	4.8 %
Stock Turnover Ratio %	8.2 %	9.6 %	9.1 %
Return on Net Assets Employed %	23.0 %	46.7 %	-13.4 %

group structure

Ultimate Parent Company URBAN OUTFITTERS INC

Companies in Group 2

Company Name Registered Number Latest Annual Accounts

URBAN OUTFITTERS INC U.S.A. N/A

 URBAN OUTFITTERS UK LIMITED<<< 03124253 31/01/2008

Status History

Date Description

No Status History

Event History

Date Description

20/07/2008 New Accounts Filed

26/11/2007 New Accounts Filed

19/12/2006 New Accounts Filed

01/08/2006 New Board Member (john Kyees) Appointed

13/12/2005 New Accounts Filed

13/12/2004 Annual Returns

10/12/2004 New Accounts Filed

08/12/2004 Annual Returns

16/01/2004 Parent Company And Ultimate Parent

directors

Name John  Kyees

Address 1303 Bishops View Circle,

Cherry Hill

New Jersey

08002

Usa

Officers Title Mr Date Of Birth 10/11/1946

Honours Present Appointments 1

Appointment Date 23/05/2006 Function Director

Name Elizabeth  Field

Address 35 Grove Park Gardens

Chiswick

London

W4 3RY

Officers Title Ms Date Of Birth 21/11/1963

Honours Present Appointments 2

Appointment Date 29/05/1996 Function Company Secretary

Name Glen Alan Bodzy

Address 237 S. 18th Street \3c

Philadelphia

Pennsylvania

19103

Us

Officers Title Mr Date Of Birth 04/11/1952

Honours Present Appointments 1

Appointment Date 19/08/2003 Function Director

Name Martin  Parker

Address 8 Old Brewery Mews

London

NW3 1PZ

Officers Title Mr Date Of Birth 24/01/1952

Honours Present Appointments 7

Appointment Date 19/08/2003 Function Director

Name Richard Allan Hayne

Address 715 West Gravers Lane

Philadelphia

Pennsylvania 19118

Usa

Officers Title Mr Date Of Birth 26/05/1947

Honours Present Appointments 1

Appointment Date 14/11/1995 Function Director

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.48.74
UK Pound	1	Rs.85.12
Euro	1	Rs.66.12

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