MIRA INFORM REPORT

Report Date :

07.07.2012

IDENTIFICATION DETAILS

Name :	GAMICH LLP
Registered Office :	25 Harley Street, London W1g 9br
Country :	United Kingdom
Financials (as on) :	31.03.2011
Date of Incorporation :	07.09.2006
Legal Form :	Limited Liability
Line of Business :	General Trader
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
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 – March 31^st, 2012

Country Name	Previous Rating (31.12.2011)	Current Rating (31.03.2012)
United Kingdom	A1	A1

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	GAMICH LLP	Company Number	OC322228
Registered Address	25 HARLEY STREET	Trading Address	25 Harley Street W1G 9BR
	LONDON
	W1G 9BR

Website Address	-
Telephone Number	-	Fax Number
TPS	-	FPS	No
Incorporation Date	07/09/2006	Company Status	Active - Accounts Filed
Previous Name		Type	Other
Date of Change	-	Filing Date of Accounts	23/12/2011
Share Capital	-
Currency

Previous Company Names

No Previous Names found

DIRECTORS/MANAGEMENT

Current Directors

Name	Gary Spencer Wilder	Date of Birth	06/01/1962
Officers Title	Mr	Nationality	British
Present Appointments	8	Function	LLP Designated Member
Appointment Date	07/09/2006
Address	20 Astons Road,  ,  Northwood,  HA6 2LD
Other Actions	View Director Report	View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Michelle Lyn Wilder	Date of Birth	11/05/1962
Officers Title	Ms	Nationality	British
Present Appointments	4	Function	LLP Designated Member
Appointment Date	07/09/2006
Address	20 Astons Road,  ,  Northwood,  HA6 2LD
Other Actions	View Director Report	View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	ASHMOTE LIMITED	Date of Birth	-
Officers Title		Nationality
Present Appointments	1	Function	LLP Member
Appointment Date	10/05/2011
Address	C/o Moor Park Capital Partners Llp York House,  45 Seymour Street,  London,  W1H 7JT

NEGATIVE INFORMATION

No exact match CCJs are recorded against the company.

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 -	-

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

SHARE & SHARE CAPITAL INFORMATION

Shareholder Funds

£155,137

£188,740

£724,116

Top 20 Shareholders

No Shareholder Details

PAYMENT INFORMATION

Payment Information Summary

Days Beyond Terms

Trend Indicator

                         Average Payment Experience  

N/A	10
Company DBT	UK Average DBT

Steady

Within Terms 91+ Days

GROUP STRUCTURE & AFFILIATED COMPANIES

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group structure

No group structure

FINANCIAL INFORMATION

Year to Date	Turnover	Pre Tax Profit	Shareholder Funds	Employees
31/03/2011	-	-	£155,137	-
31/03/2010	-	-	£188,740	-
31/03/2009	-	-	£724,116	-

Profit & Loss

Date Of Accounts	31/03/11	(%)	31/03/10	(%)	31/03/09	(%)	31/03/08	(%)	31/03/07
Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
Turnover	-	-	-	-	-	-	-	-	-
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-
Wages & Salaries	-	-	-	-	-	-	-	-	-
Directors Emoluments	-	-	-	-	-	-	-	-	-
Operating Profit	-	-	-	-	-	-	-	-	-
Depreciation	£195,481	-18.3%	£239,368	999.9%	£16,097	78.5%	£9,020	422%	£1,728
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	-	-	-
Taxation	-	-	-	-	-	-	-	-	-
Profit After Tax	-	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

Date Of Accounts	31/03/11	(%)	31/03/10	(%)	31/03/09	(%)	31/03/08	(%)	31/03/07
Tangible Assets	£3,261,114	-1.2%	£3,299,336	999.9%	£188,264	-1.9%	£191,857	999.9%	£3,457
Intangible Assets	0	-	0	-	0	-	0	-	0
Total Fixed Assets	£3,261,114	-1.2%	£3,299,336	999.9%	£188,264	-1.9%	£191,857	999.9%	£3,457
Stock	0	-	0	-	0	-	0	-	0
Trade Debtors	£223,728	-2.4%	£229,272	-62.9%	£617,259	-34.1%	£936,958	20.1%	£780,014
Cash	£363,780	90.5%	£190,919	294.1%	£48,445	-96.7%	£1,468,142	66.3%	£882,765
Other Debtors	£730,272	22.3%	£597,344	-	0	-	0	-	0
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	£1,317,780	29.5%	£1,017,535	52.9%	£665,704	-72.3%	£2,405,100	44.6%	£1,662,779
Trade Creditors	£1,550,127	999.9%	£93,442	147.2%	£37,796	-39.2%	£62,209	450.3%	£11,305
Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
Other Short Term Finance	0	-	0	-	0	-	0	-	0
Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	0
Total Current Liabilities	£1,550,127	999.9%	£93,442	147.2%	£37,796	-39.2%	£62,209	450.3%	£11,305
Bank Loans & Overdrafts and LTL	£2,873,630	-28.8%	£4,034,689	999.9%	£92,056	-10.4%	£102,756	-93.8%	£1,654,929
Other Long Term Finance	£1,166,723	-27.9%	£1,618,021	-	0	-	0	-100%	£1,654,929
Total Long Term Liabilities	£2,873,630	-28.8%	£4,034,689	999.9%	£92,056	-10.4%	£102,756	-93.8%	£1,654,929

Capital & Reserves

Date Of Accounts	31/03/11	(%)	31/03/10	(%)	31/03/09	(%)	31/03/08	(%)	31/03/07
Called Up Share Capital	-	-	-	-	-	-	-	-	-
P & L Account Reserve	-	-	-	-	-	-	-	-	-
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	£155,137	-17.8%	£188,740	-73.9%	£724,116	-70.2%	£2,431,992	999.9%	£2
Shareholder Funds	£155,137	-17.8%	£188,740	-73.9%	£724,116	-70.2%	£2,431,992	999.9%	£2

Other Financial Items

Date Of Accounts	31/03/11	(%)	31/03/10	(%)	31/03/09	(%)	31/03/08	(%)	31/03/07
Net Worth	£155,137	-17.8%	£188,740	-73.9%	£724,116	-70.2%	£2,431,992	999.9%	£2
Working Capital	-£232,347	-125.1%	£924,093	47.2%	£627,908	-73.2%	£2,342,891	41.9%	£1,651,474
Total Assets	£4,578,894	6.1%	£4,316,871	405.5%	£853,968	-67.1%	£2,596,957	55.9%	£1,666,236
Total Liabilities	£4,423,757	7.2%	£4,128,131	999.9%	£129,852	-21.3%	£164,965	-90.1%	£1,666,234
Net Assets	£155,137	-17.8%	£188,740	-73.9%	£724,116	-70.2%	£2,431,992	999.9%	£2

Cash Flow

Date Of Accounts	31/03/11	(%)	31/03/10	(%)	31/03/09	(%)	31/03/08	(%)	31/03/07
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	31/03/11	(%)	31/03/10	(%)	31/03/09	(%)	31/03/08	(%)	31/03/07
Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
Capital Employed	£3,028,767	-28.3%	£4,223,429	417.5%	£816,172	-67.8%	£2,534,748	53.2%	£1,654,931

Ratios

Date Of Accounts	31/03/11	31/03/10	31/03/09	31/03/08	31/03/07
Pre-tax profit margin %	-	-	-	-	-
Current ratio	0.85	10.89	17.61	38.66	147.08
Sales/Net Working Capital	-	-	-	-	-
Gearing %	1852.30	2137.70	12.70	4.20	82746450
Equity in %	3.40	4.40	84.80	93.60	-
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	0.85	10.88	17.61	38.66	147.08
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	9.99	0.49	0.05	0.02	5652.50
Total Debt Ratio	28.51	21.87	0.17	0.06	833117
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	-	-	-	-	-

Creditor Details

No Creditor Data

Total Value

-

Trade Debtors / Bad Debt Detail

No Debtor Data

Total Value

-

FOREIGN EXCHANGE RATES

N/a

ADDITIONAL INFORMATION

No exact match CCJs are recorded against the company.

The company's credit rating has increased from not rated to 75 which indicates very good creditworthiness.

The credit limit on this company has fallen 44.4% in comparison to the previously suggested credit limit.

There is insufficient data to indicate a change in this companies percentage of sales.

Net Worth decreased by 17.8% during the latest trading period.

A 6.1% growth in Total Assets occurred during the latest 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 90.5% during the latest trading period.

The audit report contains no adverse comments.

The company has undergone recent changes in its directorships.

The company is not part of a group.

The company was established over 5 years ago.

Year to Date	Turnover	Pre Tax Profit	Shareholder Funds	Employees
31/03/2011	-	-	£155,137	-
31/03/2010	-	-	£188,740	-
31/03/2009	-	-	£724,116	-

Mortgage Summary

Outstanding	1
Satisfied	1

Number of Employees	-		-	-	-	-	-	-	-	-
Auditors		KINGSWOOD
Auditor Comments		The audit report contains no adverse comments
Bankers
Bank Branch Code

Status History

No Status History found

Event History

Date	Description
12/01/2012	New Accounts Filed	View Document
12/01/2012	New Accounts Filed	View Document
22/09/2011	Annual Returns	View Document
09/06/2011	New Board Member ASHMOTE LIMITED appointed	View Document
05/01/2011	New Accounts Filed	View Document
05/10/2010	Annual Returns	View Document
06/09/2010	New Board Member Mr G.S. Wilder appointed	View Document
22/07/2010	New Board Member Ms M.L. Wilder appointed	View Document
28/01/2010	New Accounts Filed	View Document
28/01/2010	New Accounts Filed	View Document
09/10/2009	New Board Member Ms M.L. Wilder appointed	View Document
09/10/2009	New Board Member Mr G. Wilder appointed	View Document
06/10/2009	Annual Returns	View Document
01/02/2009	New Accounts Filed	View Document
19/11/2007	New Accounts Filed	View Document

Limit History

Date	Limit
12/01/2012	£25,000
06/01/2012	£45,000
01/01/2012	-
18/12/2011	£20,000
09/06/2011	£45,000
05/01/2011	£41,000
18/12/2010	£0
28/01/2010	£10,000
02/01/2010	£0
29/04/2009	£120,000

Previous Company Names

No Previous Names found

Mortgage Details

Mortgage Type:	AIRCRAFT MORTGAGE
Date Charge Created:	08/07/09
Date Charge Registered:	21/07/09
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	LOMBARD NORTH CENTRAL PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE
Details:	AIRCRAFT TYPE :HAWKER 800XP REGISTRATION MARK:N800LR SERIEL NO:258415 TOGETHER WITH AN ASSIGNMENT OF THE RIGHTS TITLE AND INTEREST IN THE INSURANCES IN RELATION THERETO:INCLUDING ALL CLAIMS THEREUN DER AND THE RETURN OF ANY PREMIUMS

Mortgage Type:	AIRCRAFT MORTGAGE
Date Charge Created:	25/01/08
Date Charge Registered:	29/01/08
Date Charge Satisfied:	23/11/09
Status:	SATISFIED
Person(s) Entitled:	LOMBARD NORTH CENTRAL PLC
Amount Secured:
Details:	FIRST PRIORITY FIXED AIRCRAFT MORTGAGE OVER DIAMOND DA40D REG MARK G-OCCR S/NO D4.256 TOGETHER WITH AN ASSIGNMENT OF THE RIGHTS TITLE AND INTEREST IN THE INSURANCES AND ALL CLAIMS

Previous Director/Company Secretaries

No Previous Director Details

NOTES & COMMENTS

N/a

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.41
UK Pound	1	Rs.86.04
Euro	1	Rs.68.60

INFORMATION DETAILS

Report Prepared by :

PDT

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.