MIRA INFORM REPORT

Report Date :

11.04.2011

IDENTIFICATION DETAILS

Name :	EAST ASIA TEXTILES LIMITED

Registered Office :	2nd Floor, Clifton Court Corner Hall, Hemel Hempstead, Hp3 9xy.

Country :	United Kingdom

Date of Incorporation :	30.10.2009

Com. Reg. No.:	07061531

Legal Form :	Private Limited Company

Line of Business :	Wholesale of household goods

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
----	NB	New Business	----

Maximum Credit Limit :	GBP 1,000
Status :	New Company
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 CategoryECGC Classification

Insignificant

Low

Moderate

High

Very High

Restricted

Off-credit

Company Identification Details

Subject Reported on	EAST ASIA TEXTILES LIMITED
Registration Number	07061531

Creditline Recommendations

Monthly Credit Guide

GBP 1,000

Payment Behaviour

( No Payment Analysis Data is Available )

Official Company Data

Legal Form	Private Limited
Registration Number	07061531
Subject Status	Trading
Date of Incorporation	30/10/2009
Registered Office	2ND FLOOR, CLIFTON COURT CORNER HALL, HEMEL HEMPSTEAD, HP3 9XY.
Date of Last Annual Return to Registry	30/10/2010
Accounting Reference Date	31/10

Operations

Activities
Nace Code	5141

Historical Rating

Date	Monthly Credit Guide
11/04/2011	1,000
11/01/2011	0
11/10/2010	1,000
11/07/2010	1,000
11/04/2010	2,000

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

30/01/2010	Companies House Gazette	Notification of any change among the company's directors
31/10/2009	Companies House Gazette	Notification of any change among the company's directors

Directors

Director	DAVID WILLIAMS
Service Address	THE HOLLIES 42 GREEN LANE, SEAGRAVE, LOUGHBOROUGH, LE12 7LU.
Country of Origin	UNITED KINGDOM
Date of Birth	21/06/1964
Appointment Date	30/10/2009

Share Capital

Shares	Ordinary GBP 1.00
Issued Number	4
Principal Shareholder	4 David Anthony Williams

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

Financial Data– Statutory Accounts

No accounts filed since inception. We anticipate that accounts will be filed at Companies House and available for inspection within 22 months from the date of incorporation.

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.04
UK Pound	1	Rs.72.20
Euro	1	Rs.63.40

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.