MIRA INFORM REPORT

Report Date :

20.04.2011


Tel. No.:	0116 2510121
Fax No.:	0116 2510168

IDENTIFICATION DETAILS

Name :	DIAMOND TEXTILES LIMITED

Registered Office :	78 Oakland Avenue, Leicester, Le4 7sf

Country :	United Kingdom

Financials (as on) :	31.12.2009

Date of Incorporation :	07.03.1994

Com. Reg. No.:	02905427

Legal Form :	Private Limited Company

Line of Business :	Manufacturers of fabric.

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 16,000
Status :	Small Company
Payment Behaviour :	No Complaints
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

c
ompany Identification Details

Subject Reported on	DIAMOND TEXTILES LIMITED
Registration Number	02905427
Address	UNIT 4 ABBEY MILL, 6 ROSS WALK, LEICESTER, LEICESTERSHIRE, LE4 5HH.
Telephone	0116 251 0121

Creditline Recommendations

Monthly Credit Guide

GBP 16,000
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	02905427
Subject Status	Trading
Date of Incorporation	07/03/1994
Registered Office	78 OAKLAND AVENUE, LEICESTER, LE4 7SF.
History	5/04/2001 : The Registered Office address changed from UNIT 4 ABBEY MILL KGA HOUSE, 6 ROSS WALK, LEI.
	24/04/1999 : The Registered Office address changed from 156 CANON STREET, LEICESTER, LE4 6NL, LE4 6NL.
Date of Last Annual Return to Registry	15/03/2011
Accounts	The last filed accounts at Companies House are those to 31/12/2009
Accounting Reference Date	31/12

Operations

Activities	Manufacturers of fabric.
Nace Code	5141
Bankers	NATIONAL WESTMINSTER BANK PLC
Address	LEICESTER.
Sort Code	601107
Auditors	Y R Associates

Historical Rating

Date	Monthly Credit Guide
18/04/2011	16,000
18/01/2011	10,500
18/10/2010	16,250
18/07/2010	10,500
18/04/2010	10,750

Previous Searches

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

Date	Description
26/11/2009	Wholesale of textiles

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	2
Number Outstanding	1
Number Partially Satisfied	0
Number Satisfied	1

Date of Latest Mortgage Created	21/02/2002
Date of Latest Satisfaction	22/07/2002

Details of most recent Mortgages, Charges and Satisfactions

Date Fully Satisfied	Date Registered	Date Created	Charge Description	Form Type	Lender
	28/02/2002	21/02/2002	Debenture	395	National Westminster Bank Plc
22/07/2002	08/01/1999	26/12/1998	Debenture Deed	395	Lloyds 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

15/03/2011	Companies House Gazette	Notification of any change among the company's directors
21/03/2001	Companies House Gazette	Change among directors of a company

Company Secretary

Secretary	MR SWARN SINGH DULKOAN
Service Address	78 OAKLAND AVENUE, LEICESTER, LEICESTERSHIRE, LE4 7SF.
Country of Origin	UNITED KINGDOM
Date of Birth	09/06/1952
Appointment Date	07/03/1994
Other Directorships	DIAMOND TEXTILES (K G A) LIMITED

Directors

Director	MRS KANWAL KAUR DULKOAN
Service Address	78 OAKLAND AVENUE, LEICESTER, LEICESTERSHIRE, LE4 7SF.
Country of Origin	UNITED KINGDOM
Date of Birth	03/08/1957
Appointment Date	07/03/1994
Other Directorships	DIAMOND TEXTILES (K G A) LIMITED
Director	MR SWARN SINGH DULKOAN
Service Address	78 OAKLAND AVENUE, LEICESTER, LEICESTERSHIRE, LE4 7SF.
Country of Origin	UNITED KINGDOM
Date of Birth	09/06/1952
Appointment Date	07/03/1994
Other Directorships	DIAMOND TEXTILES (K G A) LIMITED
Director	MRS GURPREET KAUR SAINI
Service Address	78 OAKLAND AVENUE, LEICESTER, LEICESTERSHIRE, LE4 7SF.
Country of Origin	UNITED KINGDOM
Date of Birth	10/08/1979
Appointment Date	07/03/2001
Director	MS KIRENJEET DULKOAN
Service Address	78 OAKLAND AVENUE, LEICESTER, LEICESTERSHIRE, LE4 7SF.
Country of Origin	UNITED KINGDOM
Date of Birth	31/08/1978
Appointment Date	07/03/2001
Director	MISS KULJEET DULKOAN
Service Address	78 OAKLAND AVENUE, LEICESTER, LE4 7SF.
Country of Origin	UNITED KINGDOM
Date of Birth	12/06/1987
Appointment Date	15/03/2011

Share Capital

Shares	Ordinary GBP 1.00
Issued Number	1,000
Principal Shareholder	389 Kuljeet Dulkoan
	389 Amrit Dulkoan
	110 Kirenjeet Dulkoan
	110 Gurpreet Saini
	1 Swarn Singh Dulkoan
	1 Kanwal Kaur Dulkoan

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

General Information

08/09/2006

The company was incorporated as a private limited concern in March 1994, but had traded for several years prior to this as a Family Partnership.

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	31/12/2009	31/12/2008	31/12/2007	31/12/2006
Currency	GBP	GBP	GBP	GBP
TOTAL FIXED ASSETS	2	3	5	8
Tangible Assets	2	2	3	4
Intangible Assets		1	2	4
TOTAL CURRENT ASSETS	409	353	372	411
Trade debtors	269	251	256	241
Stocks	140	102	116	170
TOTAL ASSETS	411	356	377	419
TOTAL CURRENT LIABILITIES	293	243	247	287
Trade creditors	293	243	247	287
WORKING CAPITAL	116	110	125	124
TOTAL LONG TERM LIABS	28
NET ASSETS/(LIABILITIES)	90	113	130	132
SHARE CAPITAL + RESERVES	90	113	130	132
Share Cap + Sundry Res	1	1	1	1
Profit and Loss account	89	112	129	131
SHAREHOLDERS FUNDS	90	113	130	132
CAPITAL EMPLOYED	118	113	130	132

Financial Comparison

The following figures are shown in units of 1000

Number of Weeks	52	52	52	52
Accounts Date	31/12/2009	31/12/2008	31/12/2007	31/12/2006
Currency	GBP	GBP	GBP	GBP
Liquid Assets	269	251	256	241
Net Working Capital	116	110	125	124
Other Deferred Liabs	28
Tangible Net Worth(T.N.W)	90	112	128	128
Equity	90	113	130	132
Number of Years Trading	15	14	13	12

Key Credit Ratios

The following figures are shown as Ratios or Percentages

Accounts Date	31/12/2009	31/12/2008	31/12/2007	31/12/2006
Current Ratio	1.4	1.5	1.5	1.4
Quick Ratio	0.9	1	1	0.8
T.N.W/Total Assets%	21.9	31.5	34	30.5
Equity Gearing%	28	46.5	52.6	46

Key Industry Sector Trends

Year	2010	2009	2008	2007
Sample Size	6679	11382	11586	11816
Pre-Tax Profit Margin	2.7	1.5	1.5	2.5
Current Ratio	1.7	1.7	1.6	1.6
Borrowing Ratio	44.8	53.7	57.9	56.4
Return on Capital	23.3	22.8	27.3	30
Creditors Days	64	83	72	85

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 23,000 decrease. This suggests that the Company may have made a post-tax loss of GBP 23,000.

Working Capital

The subject's working capital has improved by 6,000 in the period.

Net Worth

Net worth was GBP 90,000.

Long Term Liabilities

Long term liabilities were GBP 28,000 which are 7 % of total liabilities and 24 % of capital employed.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.68
UK Pound	1	Rs.72.56
Euro	1	Rs.63.53

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.

c ompany Identification Details