MIRA INFORM REPORT

Report Date :

07.01.2012

IDENTIFICATION DETAILS

Name :	HUMBUG DESIGN LTD

Registered Office :	Unit 9 The Glasshouse, 49a Goldhawk Road, London, W12 8qp

Country :	United Kingdom

Financials (as on) :	30.04.2010

Date of Incorporation :	16.04.2008

Com. Reg. No.:	06567648

Legal Form :	Private limited with Share Capital

Line of Business :	Wholesale of textiles

No. of Employees :	Not Available

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 :	£5,000
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 – September 30^th, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

United Kingdom

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

REGISTERED NAME & COMPANY SUMMARY

Company Name HUMBUG DESIGN LTD

Company Number 06567648

Safe Number UK06210587

Registered Address UNIT 9 THE GLASSHOUSE,

49A GOLDHAWK ROAD

LONDON

W12 8QP

Trading Address UNIT 9 THE GLASSHOUSE
49A GOLDHAWK ROAD
LONDON
W12 8QP

Website Address –

Telephone Number –

Fax Number --

TPS No

FPS No

Incorporation Date 16/04/2008

Previous Name --

Type Private limited with Share Capital

Date of Change –

Filing Date of Accounts 30/04/2010

Share Capital £100

SIC03 5141

Currency GBP

SIC03 Description WHOLESALE OF TEXTILES

CREDIT RECOMENDATION

Current Credit Limit: £5,000

DIRECTORS/MANAGEMENT

Total Current Directors	2
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	0

Current Directors

Name	Catherine Scourfield	Date of Birth	17/03/1976
Officers Title	Mrs	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	16/04/2008
Address	60 Kilravock Street, , London, W10 4HY

Name	Thuy Laurie-Tang	Date of Birth	23/11/1972
Officers Title	Mrs	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	16/04/2008
Address	18 Tubbs Road, , London, NW10 4RE

Current Company Secretary

Name	Ian Broughton	Date of Birth	-
Officers Title	Mr	Nationality	British
Present Appointments	8	Function	Company Secretary
Appointment Date	30/04/2008
Address	Suite 9 The Glasshouse, 49a Goldhawk Road, London, W12 8QP

Previous Director/Company Secretaries

No Previous Director Details

NEGATIVE INFORMATION

Commentary

No exact match CCJs are recorded against the company.
There has been no significant change in the company's credit limit.
There is insufficient data to indicate a change in this companies percentage of sales.
In the previous 12 month trading period Net Worth increased by 156.2%.
A 138.4% growth in Total Assets occurred in the previous 12 month trading period.
There is insufficient data to indicate a change in this companies pre-tax profit.
The company saw an increase in their Cash Balance of 570.3% in the previous 12 month trading period.
The company is exempt from audit.
No recent changes in directorship are recorded.
The company is not part of a group.
The positive change in the P&L Account Reserve suggests that the company made a profit after tax and other appropriations.
The company was established over 3 years ago.

CCJ

Total Number of Exact CCJs -	0	Total Value of Exact CCJs -
Total Number of Possible CCJs -	0	Total Value of Possible CCJs -
Total Number of Satisfied CCJs -	0	Total Value of Satisfied CCJs -
Total Number of Writs -	0

Exact CCJ Details

There are no exact CCJ details

Possible CCJ Details

There are no possible CCJ details

Writ Details

There are no writ details

Exact CCJ Details

No CCJs found

Possible CCJs Details

There are no possible CCJ details

Writ Details

No writs found

SHARE & SHARE CAPITAL INFORMATION

Top 20 Shareholders

Name	Individual Share Value
MRS THUY LAURIE-TANG	50 ORDINARY GBP 1.00
MRS CATHERINE SCOURFIELD	50 ORDINARY GBP 1.00

PAYMENT INFORMATION

Creditor Details

No Creditor Data

Total Value

Trade Debtors / Bad Debt Detail

No Debtor Data

Total Value

GROUP STRUCTURE & AFFILIATED COMPANIES

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group structure

No group structure

FINANCIAL INFORMATION

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder Funds	Employees
30/04/2010	-	-	£76,186	-
30/04/2009	-	-	£29,738	-

Profit & Loss

Date Of Accounts	30/04/10	(%)	30/04/09	(%)	-	(%)	-	(%)	-
Weeks	52	(%)	54	(%)	-	(%)	-	(%)	-
Currency	GBP	(%)	GBP	(%)	-	(%)	-	(%)	-
Consolidated A/cs	N	(%)	N	(%)	-	(%)	-	(%)	-
Turnover	-	-	-	-	-	-	-	-	-
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-
Wages & Salaries	-	-	-	-	-	-	-	-	-
Directors Emoluments	-	-	-	-	-	-	-	-	-
Operating Profit	-	-	-	-	-	-	-	-	-
Depreciation	£699	154.2%	£275	-	-	-	-	-	-
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	-	-	-
Taxation	-	-	-	-	-	-	-	-	-
Profit After Tax	-	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

Date Of Accounts	30/04/10	(%)	30/04/09	(%)	-	(%)	-	(%)	-
Tangible Assets	£2,097	154.5%	£824	-	-	-	-	-	-
Intangible Assets	0	-	0	-	-	-	-	-	-
Total Fixed Assets	£2,097	154.5%	£824	-	-	-	-	-	-
Stock	0	-	0	-	-	-	-	-	-
Trade Debtors	£236,286	126.4%	£104,363	-	-	-	-	-	-
Cash	£19,244	570.3%	£2,871	-	-	-	-	-	-
Other Debtors	0	-	0	-	-	-	-	-	-
Miscellaneous Current Assets	0	-	0	-	-	-	-	-	-
Total Current Assets	£255,530	138.3%	£107,234	-	-	-	-	-	-
Trade Creditors	£181,441	131.7%	£78,320	-	-	-	-	-	-
Bank Loans & Overdrafts	0	-	0	-	-	-	-	-	-
Other Short Term Finance	0	-	0	-	-	-	-	-	-
Miscellaneous Current Liabilities	0	-	0	-	-	-	-	-	-
Total Current Liabilities	£181,441	131.7%	£78,320	-	-	-	-	-	-
Bank Loans & Overdrafts and LTL	0	-	0	-	-	-	-	-	-
Other Long Term Finance	0	-	0	-	0	-	-	-	-
Total Long Term Liabilities	0	-	0	-	-	-	-	-	-

Capital & Reserves

Date Of Accounts	30/04/10	(%)	30/04/09	(%)	-	(%)	-	(%)	-
Called Up Share Capital	£100	-	£100	-	-	-	-	-	-
P & L Account Reserve	£76,086	156.7%	£29,638	-	-	-	-	-	-
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	£76,186	156.2%	£29,738	-	-	-	-	-	-

Other Financial Items

Date Of Accounts	30/04/10	(%)	30/04/09	(%)	-	(%)	-	(%)	-
Net Worth	£76,186	156.2%	£29,738	-	-	-	-	-	-
Working Capital	£74,089	156.2%	£28,914	-	-	-	-	-	-
Total Assets	£257,627	138.4%	£108,058	-	-	-	-	-	-
Total Liabilities	£181,441	131.7%	£78,320	-	-	-	-	-	-
Net Assets	£76,186	156.2%	£29,738	-	-	-	-	-	-

Cash Flow

Date Of Accounts	30/04/10	(%)	30/04/09	(%)	-	(%)	-	(%)	-
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	30/04/10	(%)	30/04/09	(%)	-	(%)	-	(%)	-
Contingent Liability	NO	-	NO	-	-	-	-	-	-
Capital Employed	£76,186	156.2%	£29,738	-	-	-	-	-	-
Number of Employees	-	-	-	-	-	-	-	-	-
Auditors
Auditor Comments	The company is exempt from audit
Bankers
Bank Branch Code

Ratios

Date Of Accounts	30/04/10	30/04/09	-	-	-
Pre-tax profit margin %	-	-	-	-	-
Current ratio	1.41	1.37	-	-	-
Sales/Net Working Capital	-	-	-	-	-
Gearing %	0	0	-	-	-
Equity in %	29.60	27.50	-	-	-
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	1.40	1.36	-	-	-
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	2.38	2.63	-	-	-
Total Debt Ratio	2.38	2.63	-	-	-
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	-	-	-	-	-

FOREIGN EXCHANGE RATES

ADDITIONAL INFORMATION

Mortgage Summary

Outstanding	1
Satisfied	0

Status History

No Status History found

Event History

Date	Description
14/05/2011	Annual Returns
07/10/2010	New Accounts Filed
05/05/2010	Annual Returns
04/11/2009	New Accounts Filed
24/04/2009	Annual Returns
13/05/2008	New Board Member Mr T. Laurie-Tang appointed
13/05/2008	New Board Member Ms C. Scourfield appointed
18/04/2008	Change of Name
18/04/2008	Change in Reg.Office
18/04/2008	Change of Company Postcode

Previous Company Names

No Previous Names found

Mortgage Details

Mortgage Type:	ALL ASSETS DEBENTURE
Date Charge Created:	26/06/08
Date Charge Registered:	28/06/08
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	LLOYDS TSB COMMERCIAL FINANCE LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THETERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY SEE IMAGEFOR FULL DETAILS

NOTES & COMMENTS

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.52.78
UK Pound	1	Rs.81.79
Euro	1	Rs.67.46

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%)

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.