MIRA INFORM REPORT

Report Date :

15.12.2011

IDENTIFICATION DETAILS

Name :	POMODORO CLOTHING CO. LTD.
Registered Office :	5A Bathurst Street, London, W2 2SD
Country :	United Kingdom
Financials (as on) :	31.03.2010
Date of Incorporation :	06.03.1992
Com. Reg. No.:	02694440
Legal Form :	Private Subsidiary Company
Line of Business :	Wholesale of clothing and footwear
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B

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

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 – September 30^th, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
United Kingdom	a1	a1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company name & address

Pomodoro Clothing Co. Ltd.

5A Bathurst Street

London, W2 2SD

United Kingdom

Tel: 02089614000

Fax: 02089631485

Web: www.pomodoroclothing.com

Synthesis

Employees: NA

Company Type: Private Subsidiary

Corporate Family: 5 Companies

Ultimate Parent: Kristan Ltd.

Quoted Status: Non-quoted Company

Incorporation Date: 06-Mar-1992

Financials in: USD (Millions)

Fiscal Year End: 31-Mar-2010

Reporting Currency: British Pound Sterling

Annual Sales: NA

Total Assets: 2.5

Industry

Industry Apparel and Accessories

ANZSIC 2006: 371 - Textile, Clothing and Footwear Wholesaling

NACE 2002: 5142 - Wholesale of clothing and footwear

NAICS 2002: 4243 - Apparel, Piece Goods, and Notions Merchant Wholesalers

UK SIC 2003: 5142 - Wholesale of clothing and footwear

US SIC 1987: 513 - Apparel, Piece Goods, and Notions

Key Executives

Name	Title
Noreen Puri	Secretary
Deepack Sing	Assistant Administrator
Balram Puri	Director
Damyanti Puri	Director
Hemant Puri	Director

Financial Summary

FYE: 31-Mar-2010 USD (mil)

Key Figures

Current Assets 2.44

Fixed Assets 0.07

Total Liabilities 1.62

Net Worth 0.90

Key Ratios

Current Ratio 1.51

Acid Test 1.23

Registered No.(UK): 02694440

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6277937

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6592392

Corporate Overview

Location

5A Bathurst Street

London, W2 2SD

London County

United Kingdom

Tel: 02089614000

Fax: 02089631485

Web: www.pomodoroclothing.com

Sales GBP(mil): NA

Assets GBP(mil): 1.7

Employees: NA

Fiscal Year End: 31-Mar-2010

Industry: Apparel and Accessories

Incorporation Date: 06-Mar-1992

Company Type: Private Subsidiary

Quoted Status: Not Quoted

Registered No.(UK): 02694440

Director: Hemant Puri

Contents

· Industry Codes

· Financial Data

Industry Codes

ANZSIC 2006 Codes:

4251 - Clothing Retailing

371 - Textile, Clothing and Footwear Wholesaling

NACE 2002 Codes:

5142 - Wholesale of clothing and footwear

5242 - Retail sale of clothing

NAICS 2002 Codes:

4243 - Apparel, Piece Goods, and Notions Merchant Wholesalers

4481 - Clothing Stores

US SIC 1987:

5651 - Family Clothing Stores

513 - Apparel, Piece Goods, and Notions

UK SIC 2003:

5242 - Retail sale of clothing

5142 - Wholesale of clothing and footwear

Financial Data

Financials in:	GBP(mil)
Assets:	1.7
Current Assets:	1.6
Fixed Assets:	0.0
Long Term Debt:	0.0
Total Liabilities:	1.1
Issued Capital:	NaN
Working Capital:	0.5
Net Worth:	0.6
Date of Financial Data:	31-Mar-2010

1 Year Growth

NA

Corporate Family	Corporate Structure News:
	Kristan Ltd. Pomodoro Clothing Co. Ltd.
Pomodoro Clothing Co. Ltd. Total Corporate Family Members: 5 Excluded Small Branches and/or Trading Addresses: 2 (Available via export)

Company Name	Company Type	Location	Country	Industry	Sales (USD mil)	Employees
Kristan Ltd.	Parent	London	United Kingdom	Construction Services
Pomodoro Clothing Co. Ltd.	Subsidiary	London	United Kingdom	Apparel and Accessories
Tanya Collections Ltd.	Subsidiary	London	United Kingdom	Retail (Apparel)

Executive report

Board of Directors

Name	Title	Function
Balram Puri	Director	Director/Board Member
Damyanti Puri	Director	Director/Board Member
Hemant Puri	Director	Director/Board Member

Executives

Name	Title	Function
Deepack Sing	Assistant Administrator	Administration Executive
Noreen Puri	Secretary	Company Secretary
Balram Puri	Director	Other
Noreen Puri *	Director	Other
H. Puri *	Director	Other

Directors and Shareholders Report

Main Office Address: 5A Bathurst Street London United Kingdom W2 2SD

Tel: 02089614000 Fax: 02089631485 URL:www.pomodoroclothing.com

Annual Return Date: 06 Mar 2011

Individual Directors
Name	Status	DOB	Filed Address	Appointment Date	Resignation Date	Summary of Directorships
Balram Puri	Current	21 Nov 1926	39 Sudbury Court Drive, Harrow, Middlesex HA1 3SZ	12 May 1992	NA	Current:3 Previous:1 Disqualifications:0
Damyanti Puri	Current	02 Mar 1936	39 Sudbury Court Drive, Harrow, Middlesex HA1 3SZ	12 May 1992	NA	Current:4 Previous:0 Disqualifications:0
Hemant Puri	Current	09 Jun 1959	5A Bathurst Street, Paddington, London W2 2SD	06 Mar 1992	NA	Current:5 Previous:0 Disqualifications:0
Noreen Puri	Current	23 Feb 1966	5A Bathurst Street, Paddington, London W2 2SD	06 Mar 1992	NA	Current:7 Previous:0 Disqualifications:0

Corporate Directors

There are no corporate directors for this company.

Individual Secretaries
Name	Status	DOB	Filed Address	Appointment Date	Resignation Date	Summary of Directorships
Noreen Puri	Current	23 Feb 1966	5A Bathurst Street, Paddington, London W2 2SD	06 Mar 1992	NA	Current:7 Previous:0 Disqualifications:0

Corporate Secretaries

There are no corporate secretaries for this company.

Individual Shareholders

There are no individual shareholders for this company.

Corporate Shareholders
Company Name	Registration Number	Share Details (As Reported)	Share Type	# of Shares	Share Price (GBP)	Share Value (GBP)	% of Total Shares
Kristan Limited	04991587	45 Ordinary GBP 1.00	Ordinary	45	1.00	45.00	90.00
Kristan Limited	04991587	5 Ordinary GBP 1.00	Ordinary	5	1.00	5.00	10.00

Annual Profit & Loss

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Mar-2010	31-Mar-2009	31-Mar-2008	31-Mar-2007	31-Mar-2006
Period Length	52 Weeks	52 Weeks	52 Weeks	52 Weeks	52 Weeks
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate (Period Average)	0.627794	0.592803	0.498361	0.528925	0.560422
Consolidated	No	No	No	No	No
Turnover (UK)	-	-	-	6.9	6.5
Turnover (Exports)	-	-	-	0.0	0.0
Total Turnover	-	-	-	6.9	6.5
Cost of Sales	-	-	-	4.7	4.5
Gross Profit	-	-	-	2.2	2.1
Depreciation	0.0	0.0	0.0	0.1	0.1
Other Expenses	-	-	-	1.9	1.7
Operating Profit	-	-	-	0.3	0.3
Other Income	-	-	-	0.0	0.0
Interest Paid	-	-	-	0.1	0.1
Exceptional Income	-	-	-	0.0	0.0
Discontinued Operations	-	-	-	0.0	-
Profit Before Taxes	-	-	-	0.3	0.2
Tax Payable / Credit	-	-	-	0.1	0.1
Extraordinary Items/Debits	-	-	-	0.0	0.0
Dividends	-	-	-	0.0	0.0
Profit After Taxes	-	-	-	0.2	0.2
Minority Interests (Profit & Loss)	-	-	-	0.0	0.0
Audit Fees	-	-	-	0.0	0.0
Number of Employees	-	-	-	24	24
Wages	-	-	-	0.8	0.7
Social Security Costs	-	-	-	0.1	0.1
Pensions	-	-	-	0.0	0.0
Other Pension Costs	-	-	-	0.0	0.0
Employees Remuneration	-	-	-	0.8	0.8
Directors Emoluments	-	-	-	0.1	0.2
Other Costs	-	-	-	0.0	0.0
Directors Remuneration	-	-	-	0.1	0.2

Annual Balance Sheet

Financials in: USD (mil)

	31-Mar-2010	31-Mar-2009	31-Mar-2008	31-Mar-2007	31-Mar-2006
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate	0.659239	0.697666	0.503145	0.509853	0.576518
Consolidated	No	No	No	No	No
Land & Buildings	-	-	-	0.0	0.9
Fixtures & Fittings	-	-	-	0.2	0.2
Plant & Vehicles	-	-	-	0.0	0.0
Total Tangible Fixed Assets	0.1	0.1	0.2	0.2	1.1
Intangible Assets	0.0	0.0	0.0	0.0	0.0
Investments	0.0	0.0	0.0	0.0	0.0
Total Fixed Assets	0.1	0.1	0.2	0.2	1.1
Stocks	-	-	-	0.3	0.3
Work in Progress	-	-	-	0.0	0.0
Total Stocks Work In Progress	0.5	0.7	0.4	0.3	0.3
Trade Debtors	1.7	1.2	2.1	2.1	2.7
Inter-Company Debtors	-	-	-	0.0	0.0
Director Loans	-	-	-	0.0	0.0
Other Debtors	0.0	0.0	0.0	0.1	0.0
Total Debtors	1.8	1.2	2.1	2.2	2.7
Cash and Equivalents	0.2	0.2	0.2	0.5	0.1
Other Current Assets	0.0	0.0	0.0	0.0	0.0
Total Current Assets	2.4	2.1	2.7	3.0	3.0
Total Assets	2.5	2.2	2.9	3.2	4.1
Trade Creditors	1.5	1.1	1.3	1.7	2.4
Inter-Company Creditors	-	-	0.0	-	-
Total Short Term Loans	-	-	-	-	0.0
Accruals/Deferred Income (Current Liability)	0.0	0.0	0.0	0.0	0.0
Social Security/VAT	0.1	0.0	0.1	0.2	0.0
Corporation Tax	0.0	0.0	0.1	0.1	0.1
Other Current Liabilities	0.1	0.2	0.1	0.1	0.4
Total Current Liabilities	1.6	1.4	1.7	2.1	2.9
Group Loans (Long Term Liability)	0.0	0.0	0.0	0.0	0.0
Director Loans (Long Term Liability)	0.0	0.0	0.0	0.0	0.0
Hire Purchase (Long Term Liability)	0.0	0.0	0.0	0.0	0.0
Leasing (Long Term Liability)	0.0	0.0	0.0	0.0	0.0
Total Hire Purchase Loans (Long Term Liability)	0.0	0.0	0.0	0.0	0.0
Other Long Term Loans	0.0	0.0	0.0	0.0	0.4
Accruals/Deferred Income (Long Term Liability)	0.0	0.0	0.0	0.0	0.0
Other Long Term Liabilities	0.0	0.0	0.0	0.0	0.0
Total Long Term Liabilities	0.0	0.0	0.0	0.0	0.4
Deferred Taxation	0.0	0.0	0.0	0.0	0.0
Other Provisions	0.0	0.0	0.0	0.0	0.0
Total Provisions	0.0	0.0	0.0	0.0	0.0
Issued Capital	0.0	0.0	0.0	0.0	0.0
Share Premium Accounts	0.0	0.0	0.0	0.0	0.0
Revaluation Reserve	0.0	0.0	0.0	0.0	0.0
Retained Earnings	0.9	0.8	1.2	1.1	0.8
Other Reserves	0.0	0.0	0.0	0.0	0.0
Minority Interests (Balance Sheet)	0.0	0.0	0.0	0.0	0.0
Total Shareholders Funds	0.9	0.8	1.2	1.1	0.8
Net Worth	0.9	0.8	1.2	1.1	0.8

Annual Cash Flows

Financials in: USD (mil)

	31-Mar-2010	31-Mar-2009	31-Mar-2008	31-Mar-2007	31-Mar-2006
Period Length	52 Weeks	52 Weeks	52 Weeks	52 Weeks	52 Weeks
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate (Period Average)	0.627794	0.592803	0.498361	0.528925	0.560422
Consolidated	No	No	No	No	No

Annual Ratios

Financials in: USD (mil)

	31-Mar-2010	31-Mar-2009	31-Mar-2008	31-Mar-2007	31-Mar-2006
Period Length	52 Weeks	52 Weeks	52 Weeks	52 Weeks	52 Weeks
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate	0.659239	0.697666	0.503145	0.509853	0.576518
Consolidated	No	No	No	No	No
Current Ratio	1.51	1.48	1.64	1.42	1.04
Liquidity Ratio	1.23	0.99	1.43	1.29	0.93
Stock Turnover	-	-	-	25.47	19.28
Credit Period (Days)	-	-	-	107.79	153.01
Working Capital by Sales	-	-	-	12.36%	1.87%
Trade Credit by Debtors	0.84	0.93	0.60	0.83	0.90
Return on Capital	-	-	-	25.40%	19.89%
Return on Assets	-	-	-	8.73%	5.83%
Profit Margin	-	-	-	3.89%	3.81%
Return on Shareholders Funds	-	-	-	25.40%	29.52%
Borrowing Ratio	-	-	2.80%	-	54.28%
Equity Gearing	35.82%	35.35%	42.71%	34.38%	19.74%
Debt Gearing	-	-	-	-	48.36%
Interest Coverage	-	-	-	3.61	3.16
Sales by Tangible Assets	-	-	-	33.64	5.79
Average Remuneration per Employee	-	-	-	0.0	0.0
Profit per Employee	-	-	-	0.0	0.0
Sales per Employee	-	-	-	0.3	0.3
Capital Employed per Employee	-	-	-	0.0	0.1
Tangible Assets per Employee	-	-	-	0.0	0.0
Total Assets per Employee	-	-	-	0.1	0.2
Employee Remuneration by Sales	-	-	-	12.02%	12.15%
Creditor Days (Cost of Sales Based)	-	-	-	131.79	200.94
Creditor Days (Sales Based)	-	-	-	89.13	137.45

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.58
UK Pound	1	Rs.82.97
Euro	1	Rs.69.89

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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