MIRA INFORM REPORT

Report Date :

06.04.2011

IDENTIFICATION DETAILS

Name :	OOMERS LIMITED

Registered Office :	8 ST Andrews Road, Walthamstow London, E17 6BD.

Country :	United Kingdom

Financials (as on) :	31.08.2009

Date of Incorporation :	03.08.1999

Com. Reg. No.:	03818379

Legal Form :	Private Limited Company

Line of Business :	Wholesaler of household goods

RATING & COMMENTS

MIRA’s Rating :

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

Maximum Credit Limit :	GBP 30,000
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 – December 31, 2010

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

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	OOMERS LIMITED
Registration Number	03818379
Address	8 ST. ANDREW'S ROAD, LONDON, E17 6BD.
Telephone	020 85278388

Creditline Recommendations

Monthly Credit Guide

GBP 30,000
Single credit applications up to and including this amount are considered by Graydon to be an acceptable credit risk

Payment Behaviour

( No Payment Analysis Data is Available )

Official Company Data

Legal Form	Private Limited
Registration Number	03818379
Subject Status	Trading
Date of Incorporation	03/08/1999
Registered Office	8 ST ANDREWS ROAD, WALTHAMSTOW LONDON, E17 6BD.
History	9/08/2004 : The Registered Office address changed from 9/10 RITZ PARADE, LONDON, W5 3RA.
Date of Last Annual Return to Registry	02/08/2010
Accounts	The last filed accounts at Companies House are those to 31/08/2009
Accounting Reference Date	31/08

Operations

Nace Code	5141
Auditors	Reddy Siddiqui
Branches	8 ST. ANDREW'S RD, LONDON, E17 6BD.

Historical Rating

Date	Monthly Credit Guide
05/04/2011	30,000
05/01/2011	30,000
05/10/2010	31,500
05/07/2010	30,000
05/04/2010	54,000

Previous Searches

Search History Summary

Last 3 Months	Last 6 Months	Last 12 Months
0	1	1

Search History Details

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

Date	Description
02/11/2010	Miscellaneous
13/08/2009	Miscellaneous

Public Record Information

Summary of CCJ's/Scottish Decrees

No CCJs/Scottish Decrees are recorded in our file.

Summary of Mortgages, Charges and Satisfactions

Total Number of Mortgages/Charges Registered	6
Number Outstanding	6
Number Partially Satisfied	0
Number Satisfied	0

Date of Latest Mortgage Created	24/12/2004

Details of most recent Mortgages, Charges and Satisfactions

Date Fully Satisfied	Date Registered	Date Created	Charge Description	Form Type	Lender
	12/01/2005	24/12/2004	Rent Deposit Deed	395	Percy Ingle Services Limited
	12/01/2005	23/12/2004	Legal Charge	395	Barclays Bank Plc
	03/11/2004	26/10/2004	Debenture	395	Barclays Bank Plc
	03/07/2002	02/07/2002	All Assets Debenture	395	Dcd Factors Plc
	29/01/2001	24/01/2001	Legal Mortgage	395	National Westminster Bank Plc
	05/06/2000	15/05/2000	Mortgage Debenture	395	National Westminster Bank Plc

It should be noted that there is no legal requirement to file satisfaction details of mortgages/charges at Companies House.

Other Filings and Notices

Date

Source

Description

10/08/1999

Companies House Gazette

Change among directors of a company

Company Secretary

Secretary	RAHILA OOMERJEE
Service Address	301 ROADING LANE NORTH, WOODFORD GREEN, ESSEX, IG8 8LH.
Country of Origin	PAKISTAN
Appointment Date	03/08/1999

Directors

Director	FAROOK AYUB OOMERJEE
Service Address	301 ROADING LANE NORTH, WOODFORD GREEN, ESSEX, IG8 8LH.
Country of Origin	UNITED KINGDOM
Date of Birth	29/04/1966
Appointment Date	03/08/1999
Other Directorships	COSY HOME TEXTILES LTD

Share Capital

Shares	Ordinary GBP 1.00
Issued Number	100
Principal Shareholder	100 Farook Ayub Comerjee

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

Financial Data– Statutory Accounts

Profit & Loss Accounts are not available for companies categorised as small companies under the companies act.

Balance Sheet

The following figures are shown in units of 1000

Number of Weeks	52	52	52	52
Accounts Date	31/08/2009	31/08/2008	31/08/2007	31/08/2006
Currency	GBP	GBP	GBP	GBP
TOTAL FIXED ASSETS	26	30	494	497
Tangible Assets	26	30	494	497
TOTAL CURRENT ASSETS	939	974	357	382
Trade debtors	658	656	139	133
Stocks	280	276	217	243
Other Current Assets	1	42	1	6
Cash	1	42	1	6
TOTAL ASSETS	965	1004	851	879
TOTAL CURRENT LIABILITIES	683	592	267	334
Trade creditors	683	592	267	334
WORKING CAPITAL	256	382	90	48
TOTAL LONG TERM LIABS	3	1	244	211
NET ASSETS/(LIABILITIES)	279	411	340	334
SHARE CAPITAL + RESERVES	279	411	340	334
Revaluation Reserves			323	323
Profit and Loss account	279	411	17	11
SHAREHOLDERS FUNDS	279	411	340	334
CAPITAL EMPLOYED	282	412	584	545

Financial Comparison

The following figures are shown in units of 1000

Number of Weeks	52	52	52	52
Accounts Date	31/08/2009	31/08/2008	31/08/2007	31/08/2006
Currency	GBP	GBP	GBP	GBP
Liquid Assets	659	698	140	139
Net Working Capital	256	382	90	48
Other Deferred Liabs	3	1	244	211
Tangible Net Worth(T.N.W)	279	411	340	334
Equity	279	411	340	334
Number of Years Trading	10	9	8	7

Key Credit Ratios

The following figures are shown as Ratios or Percentages

Accounts Date	31/08/2009	31/08/2008	31/08/2007	31/08/2006
Current Ratio	1.4	1.6	1.3	1.1
Quick Ratio	1	1.2	0.5	0.4
T.N.W/Total Assets%	28.9	40.9	40	38
Equity Gearing%	40.7	69.3	66.5	61.3

Key Industry Sector Trends

Year	2010	2009	2008	2007
Sample Size	5822	11373	11596	11829
Pre-Tax Profit Margin	2.9	1.6	1.5	2.5
Current Ratio	1.7	1.7	1.6	1.6
Borrowing Ratio	42.7	53.6	58.4	57.9
Return on Capital	24.5	22.8	27.2	30
Creditors Days	65	76	70	82

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.

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 132,000 decrease. This suggests that the Company may have made a post-tax loss of GBP 132,000.

Working Capital

The company's working capital, while remaining positive, decreased by 33 % in the period.

Net Worth

Net worth reduced by GBP 132,000 during the period and now stands at GBP 279,000.

Fixed Assets

The subject's fixed assets reduced during the year by GBP 4,000 to GBP 26,000 and are now 2 % of total assets compared with 2 % in the previous year.

Long Term Liabilities

Long term liabilities are 1 % of capital employed, an increase of 1 % over the previous period.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.45
UK Pound	1	Rs.71.59
Euro	1	Rs.63.01

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

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

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