MIRA INFORM REPORT

Report Date :

31.03.2012

IDENTIFICATION DETAILS

Name :	BANDANA LIMITED
Registered Office :	3rd Floor 207 Regent Street, London, W1B 3HH.
Country :	United Kingdom
Financials (as on) :	30.06.2010
Date of Incorporation :	14.03.2000
Com. Reg. No.:	03947271
Legal Form :	Private Limited
Line of Business :	The of womens clothing and accessories.
No. of Employees :	3

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

Maximum Credit Limit :	GBP 44,000
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 – September 30, 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 Identification Details

Subject Reported on	BANDANA LIMITED
Registration Number	03947271
Address	ALEXANDER HOUSE, 3 SHAKESPEARE ROAD, LONDON, N3 1XT.
Telephone	020 8371 5555

Creditline Recommendations

Monthly Credit Guide

GBP 44,000

Official Company Data

Legal Form	Private Limited
Registration Number	03947271
Subject Status	Trading
Date of Incorporation	14/03/2000
Registered Office	3RD FLOOR 207 REGENT STREET, LONDON, W1B 3HH.
History	27/03/2012 : The Registered Office address changed from ALBANY HOUSE SUITE 404,324 - 326 REGENT STREE.
	14/08/2011 : The Registered Office address changed from SUITE 501 KEMP HOUSE, 152-160 CITY ROAD, LOND.
	Previously located at 294-296 NETHER STREET, FINCHLEY, N3 1RJ.
	17/04/2009 : The Registered Office address changed from 5TH FLOOR MARBLE ARCH HOUSE, 66-68 SEYMOUR ST.
	17/06/2006 : The Registered Office address changed from 10 CLAREMONT ROAD, SURBITON, SURREY, KT6 4QU.
	16/12/2003 : The Registered Office address changed from 118-120 KENTON ROAD, HARROW, MIDDLESEX, HA3.
	13/06/2002 : The Registered Office address changed from SUITE B 11TH FLOOR PREMIER HOUSE, 112 STATION.
	11/01/2002 : The Registered Office address changed from 13 STATION ROAD, LONDON, N3 2SB.
Date of Last Annual Return to Registry	14/03/2012
Accounts	The last filed accounts at Companies House are those to 30/06/2011
Accounting Reference Date	30/06

Operations

Activities	The of womens clothing and accessories.
Nace Code	5142
Premises	Rented,Offices,Shop
Staff Employed	3
Import Countries	INDIA
Export Countries	No Export Activity
Auditors	Civvals
Subsidiaries	UK & INDIA SOURCING LTD

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
28/08/2009	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	2
Number Outstanding	2
Number Partially Satisfied	0
Number Satisfied	0
Date of Latest Mortgage Created	01/09/2009

Details of most recent Mortgages, Charges and Satisfactions

Date Fully Satisfied	Date Registered	Date Created	Charge Description	Form Type	Lender
	16/09/2009	01/09/2009	Lease	395	Kurt Wilhelm Weinberg And Charlotte Stefanie Weinberg
	04/09/2007	23/08/2007	Debenture	395	National Westminster 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

28/03/2012	Companies House Gazette	All documents required to be delivered to the registrar under section 441 (annual accounts and reports)
27/03/2012	Companies House Gazette	Notification of any change of the company's registered office
27/07/2007	Companies House Gazette	Change among directors of a company
17/01/2007	Companies House Gazette	Change among directors of a company
21/11/2001	Companies House Gazette	Change among directors of a company
12/07/2000	Companies House Gazette	Change among directors of a company
18/04/2000	Companies House Gazette	Change among directors of a company

Company Secretary

Secretary	CHARLES COLIN STONE
Service Address	3RD FLOOR 207 REGENT STREET, LONDON, W1B 3HH.
Country of Origin	UNITED KINGDOM
Date of Birth	10/09/1947
Appointment Date	10/01/2007
Other Directorships	EUROSTONE ASSOCIATES LIMITED

Directors

Director	CHARLES COLIN STONE
Service Address	3RD FLOOR 207 REGENT STREET, LONDON, W1B 3HH.
Country of Origin	UNITED KINGDOM
Date of Birth	10/09/1947
Appointment Date	10/01/2007
Other Directorships	EUROSTONE ASSOCIATES LIMITED
Director	ANGELA IRENE STONE
Service Address	3RD FLOOR 207 REGENT STREET, LONDON, W1B 3HH.
Country of Origin	UNITED KINGDOM
Date of Birth	17/07/1948
Appointment Date	10/01/2007

Share Capital

Shares	Ordinary GBP 1.00
Issued Number	2
Principal Shareholder	1 Charles Colin Stone
	1 Angela Irene Stone

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

General Information

03/11/2009 

Alternative number 07968814966. 

Financial Data– Statutory Accounts

For annual accounts images, view the

Profit and Loss

The following figures are shown in units of 1000

Number of Weeks	52	65	52	52
Accounts Date	30/06/2010	30/06/2009	31/03/2008	31/03/2007
Currency	GBP	GBP	GBP	GBP
SALES	2435	1737	816
Cost of goods sold	1890	1353	612
GROSS PROFIT	545	384	204
Trading Profit	147	155	84
OPERATING PROFIT	147	155	84
Interest Payable	1	3	1
PRE TAX PROFIT	146	152	83
Taxation	27	33	17
PROFIT AFTER TAX	119	119	66
Dividends Payable	70	55	28
RETAINED PROFITS	49	64	38

Balance Sheet

The following figures are shown in units of 1000

Number of Weeks	52	65	52	52
Accounts Date	30/06/2010	30/06/2009	31/03/2008	31/03/2007
Currency	GBP	GBP	GBP	GBP
TOTAL FIXED ASSETS	24	2	2	3
Tangible Assets	24	2	2	3
Fixed Assets	24	2	2
TOTAL CURRENT ASSETS	504	424	226	60
Trade debtors	338	310	195	55
Stocks		12	7	5
Other Current Assets	166	102	24
Misc Current Assets	18	18	24
Cash	148	84
TOTAL ASSETS	528	426	228	63
TOTAL CURRENT LIABILITIES	379	325	191	65
Trade creditors	347	286	81	65
Short Term Loans			58
Bank Overdraft			58
Other Liabilities	32	39	52
WORKING CAPITAL	125	99	35	(5)
NET ASSETS/(LIABILITIES)	149	101	37	(2)
SHARE CAPITAL + RESERVES	149	101	37	(2)
Share Cap + Sundry Res				(2)
Profit and Loss account	149	101	37
SHAREHOLDERS FUNDS	149	101	37	(2)
CAPITAL EMPLOYED	149	101	37	(2)

Financial Comparison

The following figures are shown in units of 1000

Number of Weeks	52	65	52	52
Accounts Date	30/06/2010	30/06/2009	31/03/2008	31/03/2007
Currency	GBP	GBP	GBP	GBP
Liquid Assets	486	394	195	55
Net Working Capital	125	99	35	(5)
Tangible Net Worth(T.N.W)	149	101	37	(2)
Equity	149	101	37	(2)
Number of Years Trading	10	9	8	7

Key Credit Ratios

The following figures are shown as Ratios or Percentages

Accounts Date	30/06/2010	30/06/2009	31/03/2008	31/03/2007
Current Ratio	1.3	1.3	1.2	0.9
Pre Tax Profit Margin%	6	8.8	10.2
Gross Profit%	22.4	22.1	25
Debtors Days (D.S.O)	51	65	87
Creditors Days (D.P.O)	52	60	36
Quick Ratio	1.3	1.3	1.1	0.8
W.I.P/Inventory Days		3.2	4.2
Return on Investment%	98.7	153.5	88.4
Return on Assets%	27.7	35.7	36.4
T.N.W/Total Assets%	28.2	23.7	16.2	(3.2)
Return on Capital%	98	150.5	224.3
Rtn on Shareholders Funds%	98	150.5	224.3
Working Capital/Sales%	5.1	5.7	4.3
Borrowing Ratio%			156.8
Equity Gearing%	39.3	31.1	19.4	(3.1)
Stock Turnover		144.8	116.6
Days Purchases Outstanding	67	77.2	48.3
Sales/Fixed Assets	101.5	868.5	408

Key Industry Sector Trends

Year	2011	2010	2009	2008
Sample Size	5715	11112	11059	11177
Pre-Tax Profit Margin	3	2.3	0.9	0.9
Current Ratio	1.6	1.6	1.6	1.6
Borrowing Ratio	41	41.1	51.7	54.9
Return on Capital	24	23.4	23.6	27.5
Creditors Days	68	169	126	102

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.

Turnover

Turnover increased by 40 % in the period and now totals GBP 2,435,000.

Operating Profit

Totalled GBP 147,000. In the year prior a Profit of GBP 155,000 was achieved.

Pre Tax Profit

The subject's profit decreased by 3 % over the previous year.

Working Capital

The company's working capital has increased by 26 % in the period.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.51.15
UK Pound	1	Rs.81.80
Euro	1	Rs.68.34

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.