MIRA INFORM REPORT

Report Date :

21.01.2012

IDENTIFICATION DETAILS

Name :	BEAUTY AND THE BIB LTD

Registered Office :	3 Balcaskie Road, Eltham, London, Se9 1hq

Country :	United Kingdom

Financials (as on) :	31.01.2011

Date of Incorporation :	20.01.2004

Com. Reg. No.:	05021133

Legal Form :	Private Limited Company

Line of Business :	Retailers of Babies Clothing & Accessories

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 :	GBP 4,500

Status :	Moderate

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

Company Identification Details

Subject Reported on	BEAUTY AND THE BIB LTD
Registration Number	05021133
Address	UNIT 27B TARVES WAY, GREENWICH, LONDON, SE10 9JU.
Telephone	0208 293 0529
Facsimile	0208 293 0408
Web Address	www.beautyandthebib.com

Creditline Recommendations

Monthly Credit Guide

GBP 4,500

Official Company Data

Legal Form	Private Limited
Registration Number	05021133
Subject Status	Trading
Date of Incorporation	20/01/2004
Registered Office	3 BALCASKIE ROAD, ELTHAM, LONDON, SE9 1HQ.
History	Previously located at A111 BUILDING A, FAIRCHARM TRADING, LONDON.
Date of Last Annual Return to Registry	20/01/2011
Accounts	The last filed accounts at Companies House are those to 31/01/2011
Accounting Reference Date	31/01

Operations

Activities	Retailers of Babies Clothing & Accessories.
Nace Code	5142
Premises	Offices,Warehouse
Auditors	Nichols & Co ( Accountancy ) Ltd
Branches	A111, BUILDING A FAIRCHARM TRADING, LONDON, SE8 3DX.

Historical Rating

Date	Monthly Credit Guide
21/01/2012	4,500
21/10/2011	10,500
21/07/2011	10,500
21/04/2011	10,500
21/01/2011	10,250

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
05/09/2008	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	5
Number Outstanding	5
Number Partially Satisfied	0
Number Satisfied	0

Date of Latest Mortgage Created	10/03/2011

Details of most recent Mortgages, Charges and Satisfactions

Date Fully Satisfied	Date Registered	Date Created	Charge Description	Form Type	Lender
	12/03/2011	10/03/2011	Mortgage Deed	MG01	Lloyds Tsb Bank Plc
	02/11/2010	18/10/2010	Rent Deposit Deed	MG01	Secretary Of State For Defence (Greenwich Hospital)
	19/03/2010	17/03/2010	Mortgage Deed	MG01	Lloyds Tsb Bank Plc
	16/02/2010	06/02/2010	Debenture	MG01	Lloyds Tsb Bank Plc
	11/09/2008	05/09/2008	Rent Deposit Deed	395	Secretary Of State For Defence In His Greenwich Hospital Cap

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

13/09/2007	Companies House Gazette	Change among directors of a company
01/03/2004	Companies House Gazette	Change among directors of a company
05/02/2004	Companies House Gazette	Change among directors of a company

Company Secretary

Secretary	KIERAN BOYLE
Service Address	3 BALCASKIE RD, LONDON, SE9 1HQ.
Country of Origin	IRISH REPUBLIC
Date of Birth	30/03/1965
Appointment Date	13/09/2007

Directors

Director	LARA BOYLE
Service Address	3 BALCASKIE ROAD, ELTHAM, LONDON, SE9 1HQ.
Country of Origin	UNITED KINGDOM
Date of Birth	26/06/1967
Appointment Date	20/01/2004
Director	KIERAN BOYLE
Service Address	3 BALCASKIE RD, LONDON, SE9 1HQ.
Country of Origin	IRISH REPUBLIC
Date of Birth	30/03/1965
Appointment Date	13/09/2007

Share Capital

Shares	Ordinary GBP 1.00
Issued Number	100
Principal Shareholder	50 Lara Boyle
	50 Kieran Patrick Boyle

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

Financial Data– Statutory Accounts

Profit and Loss

The following figures are shown in units of 1000

Number of Weeks	52	52	52	52
Accounts Date	31/01/2011	31/01/2010	31/01/2009	31/01/2008
Currency	GBP	GBP	GBP	GBP
SALES				201
Cost of goods sold				109
GROSS PROFIT				92
PRE TAX PROFIT				25

Balance Sheet

The following figures are shown in units of 1000

Number of Weeks	52	52	52	52
Accounts Date	31/01/2011	31/01/2010	31/01/2009	31/01/2008
Currency	GBP	GBP	GBP	GBP
TOTAL FIXED ASSETS	172	7	6	8
Tangible Assets	172	7	6	8
TOTAL CURRENT ASSETS	71	77	80	68
Trade debtors	11	26	26	10
Stocks	40	41	44	51
Other Current Assets	20	10	10	7
Misc Current Assets	17			2
Cash	3	10	10	5
TOTAL ASSETS	243	84	86	76
TOTAL CURRENT LIABILITIES	51	29	25	44
Trade creditors	51	29	25	6
Short Term Loans				10
Bank Overdraft				10
Other Liabilities				28
WORKING CAPITAL	20	48	55	24
TOTAL LONG TERM LIABS	154
NET ASSETS/(LIABILITIES)	38	55	61	32
SHARE CAPITAL + RESERVES	38	55	61	32
Profit and Loss account	38	55	61	32
SHAREHOLDERS FUNDS	38	55	61	32
CAPITAL EMPLOYED	192	55	61	32

Financial Comparison

The following figures are shown in units of 1000

Number of Weeks	52	52	52	52
Accounts Date	31/01/2011	31/01/2010	31/01/2009	31/01/2008
Currency	GBP	GBP	GBP	GBP
Liquid Assets	14	36	36	15
Net Working Capital	20	48	55	24
Other Deferred Liabs	154
Tangible Net Worth(T.N.W)	38	55	61	32
Equity	38	55	61	32
Number of Years Trading	7	6	5	4

Key Credit Ratios

The following figures are shown as Ratios or Percentages

Accounts Date	31/01/2011	31/01/2010	31/01/2009	31/01/2008
Current Ratio	1.4	2.7	3.2	1.5
Pre Tax Profit Margin%				12.4
Gross Profit%				45.8
Debtors Days (D.S.O)				18
Creditors Days (D.P.O)				11
Quick Ratio	0.6	1.2	1.4	0.4
W.I.P/Inventory Days				170.8
Return on Investment%				59.5
Return on Assets%				32.9
T.N.W/Total Assets%	15.6	65.5	70.9	42.1
Return on Capital%				78.1
Rtn on Shareholders Funds%				78.1
Working Capital/Sales%				11.9
Borrowing Ratio%				31.3
Equity Gearing%	18.5	189.7	244	72.7
Stock Turnover				3.9
Days Purchases Outstanding				20.1

Key Industry Sector Trends

Year	2011	2010	2009	2008
Sample Size	4346	11110	11140	11296
Pre-Tax Profit Margin	3.4	2.4	1.2	1.1
Current Ratio	1.7	1.6	1.7	1.6
Borrowing Ratio	49.2	44.4	54.8	58.6
Return on Capital	22.2	22.4	23.3	27.2
Creditors Days	66	165	121	99

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 17,000 decrease. This suggests that the Company may have made a post-tax loss of GBP 17,000.

Working Capital

The company's working capital, while remaining positive, decreased by 58 % in the period.

Net Worth

Net worth was GBP 38,000.

Fixed Assets

The subject's fixed assets increased during the year by GBP 165,000 to GBP 172,000 and are now 70 % of total assets compared with 8 % in the previous year.

Long Term Liabilities

Long term liabilities were GBP 154,000 which are 63 % of total liabilities and 80 % of capital employed.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.50.33
UK Pound	1	Rs.77.97
Euro	1	Rs.65.07

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.