MIRA INFORM REPORT

Report Date :

23.11.2012

IDENTIFICATION DETAILS

Name :	OASIS FASHIONS LIMITED
Formerly Known As :	O FASHIONS OPCO LIMITED
Registered Office :	The Triangle Stanton Harcourt Industrial Esta Witney OX29 5UT
Country :	United Kingdom
Date of Incorporation :	17.02.2009
Com. Reg. No.:	06822219
Legal Form :	Private limited with Share Capital
Line of Business :	Retail Sale of Clothing
No. of Employees :	2463

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 :	Slow but Correct
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 – June 30^th, 2012

Country Name	Previous Rating (31.03.2011)	Current Rating (30.06.2012)
United Kingdom	A1	A1

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

United Kingdom - ECONOMIC OVERVIEW

The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Over the past two decades, the government has greatly reduced public ownership and contained the growth of social welfare programs. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining and the UK became a net importer of energy in 2005. Services, particularly banking, insurance, and business services, account by far for the largest proportion of GDP while industry continues to decline in importance. After emerging from recession in 1992, Britain's economy enjoyed the longest period of expansion on record during which time growth outpaced most of Western Europe. In 2008, however, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Sharply declining home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets; these include nationalizing parts of the banking system, temporarily cutting taxes, suspending public sector borrowing rules, and moving forward public spending on capital projects. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated a five-year austerity program, which aims to lower London's budget deficit from over 10% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 because of slower-than-expected economic growth and the impact of the euro-zone debt crisis. The CAMERON government raised the value added tax from 17.5% to 20% in 2011. It has pledged to reduce the corporation tax rate to 23% by 2015. The Bank of England (BoE) implemented an asset purchase program of up to £325 billion (approximately $525 billion) as of February 2011. During times of economic crisis, the BoE coordinates interest rate moves with the European Central Bank, but Britain remains outside the European Economic and Monetary Union (EMU).

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

Summary – Company Information

Company Name	OASIS FASHIONS LIMITED	Company Number	06822219
Registered Address	THE TRIANGLE	Trading Address	The Triangle Stanton Harcourt Industrial Estate Stanton Harcourt Witney, Oxfordshire OX29 5UT
	STANTON HARCOURT INDUSTRIAL ESTA
	WITNEY
	OX29 5UT
Website Address	-
Telephone Number	-	Fax Number
TPS	-	FPS	No
Incorporation Date	17/02/2009	Company Status	Active - Accounts Filed
Previous Name	O FASHIONS OPCO LIMITED	Type	Private limited with Share Capital
Date of Change	17/09/2009	Filing Date of Accounts	03/12/2011
		Share Capital	£1
SIC03	5242	Currency	GBP
SIC03 Description	RETAIL SALE OF CLOTHING
SIC07	47710
SIC07 Description	RETAIL SALE OF CLOTHING IN SPECIALISED STORES
Principal Activity	The origination and production of exclusive ladies clothing and fashion accessories.

DIRECTORS/MANAGEMENT

Directors

Total Current Directors	4
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	2

Current Directors

Name	Margaret Eve Lustman	Date of Birth	06/08/1962
Officers Title	Ms	Nationality	British
Present Appointments	57	Function	Director
Appointment Date	23/02/2009
Address	The Triangle Stanton Harcourt Industrial Estate,  Stanton Harcourt,  Witney,  OX29 5UT
Other Actions	View Director Report	View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Richard Glanville	Date of Birth	02/08/1955
Officers Title	Mr	Nationality	British
Present Appointments	69	Function	Director
Appointment Date	23/02/2009
Address	The Triangle Stanton Harcourt Industrial Estate,  Stanton Harcourt,  Witney,  OX29 5UT
Other Actions	View Director Report	View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Mike Shearwood	Date of Birth	12/11/1962
Officers Title	Mr	Nationality	British
Present Appointments	51	Function	Director
Appointment Date	23/02/2009
Address	The Triangle Stanton Harcourt Industrial Estate,  Stanton Harcourt,  Witney,  OX29 5UT
Other Actions	View Director Report	View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Derek John Lovelock	Date of Birth	01/01/1950
Officers Title	Mr	Nationality	British
Present Appointments	62	Function	Director
Appointment Date	23/02/2009
Address	The Triangle Stanton Harcourt Industrial Estate,  Stanton Harcourt,  Witney,  OX29 5UT
Other Actions	View Director Report	View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Current Company Secretary

Name	HEATONS SECRETARIES LIMITED	Date of Birth	-
Officers Title		Nationality	British
Present Appointments	53	Function	Company Secretary
Appointment Date	17/02/2009
Address	5th Floor Free Trade Exchange,  37 Peter Street,  Manchester,  M2 5GB

Directors

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
HEATONS DIRECTORS LIMITED	28	132
James Christy Truscott	26	69

NEGATIVE INFORMATION

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

Mortgage Summary

Outstanding	2
Satisfied	1

Full CCJ Details

Exact CCJ Details

No CCJs found

Possible CCJs Details

There are no possible CCJ details

Writ Details

No writs found

Mortgage Details

Mortgage Details

Mortgage Type:	DEBENTURE
Date Charge Created:	28/02/11
Date Charge Registered:	09/03/11
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	KAUPTHING BANK HF (THE "SECURITY TRUSTEE")
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM EACH OBLIGOR AND EACH GRANTOR OF SECURITY TO THE SECURED PARTIES (OR ANY OF THEM) ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS 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

Mortgage Type:	GROUP GUARANTEE AND DEBENTURE
Date Charge Created:	02/03/09
Date Charge Registered:	11/03/09
Date Charge Satisfied:	16/12/11
Status:	SATISFIED
Person(s) Entitled:	KAUPTHING BANK HF (“SECURITY TRUSTEE�)
Amount Secured:
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

Mortgage Type:	GROUP DEBENTURE
Date Charge Created:	02/03/09
Date Charge Registered:	07/03/09
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	KAUPTHING BANK HF (AS SECURITY TRUSTEE FOR THE SECURED PARTIES) (IN SUCH CAPACITY THE SECURITY
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM EACH PRESENT OR FUTURE MEMBER OF THE GROUPTO THE CHARGEE AND/ORTHE OTHER SECUREDPARTIES ON ANY ACCOUNT WHATSOEVER UNDERTHE TERMS OF THE AFOREMENTIONED INSTRUMENTCREATING 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

SHARE & SHARE CAPITAL INFORMATION

Top 20 Shareholders

Name	Individual Share Value
OASIS FASHIONS HOLDINGS LIMITED	1 ORDINARY GBP 1.00

PAYMENT INFORMATION

Summary – Payment History

Last 3 Years Credit Rating/Limit

Date	Rating	Limit
31/12/2011	55	£60,000
31/12/2010	28	£0
31/12/2009	54	£1,000

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder Funds	Employees
28/02/2011	£157,500,000	-£9,700,000	-£27,400,000	2463
30/01/2010	£131,600,000	-£20,000,000	-£18,300,000	2449

Payment Information Summary

Days Beyond Terms

Trend Indicator

                         Average Payment Experience  

2	10
Company DBT	UK Average DBT

Steady

Improving Worsening

Be the first to leave a payment experience
for this company Click Here

Within Terms 91+ Days

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade Debtors / Bad Debt -	1
Total Value of Documented Trade Debtors / Bad Debt -	£769

Creditor & Debtor Details

Creditor Details

No Creditor Data

Total Value

-

Trade Debtors / Bad Debt Detail

Company Name	Amount	Statement Date
Koodos Ltd	£769	28/10/2010

Total Value

£769

GROUP STRUCTURE & AFFILIATED COMPANIES

Group Structure

Statistics

Group	71 companies
Linkages	14 companies
Countries	In 5 countries

Summary

Holding Company	OASIS FASHIONS HOLDINGS LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	KAUPTHING BANK HF

Group structure

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
KAUPTHING BANK HF	N/A	-	-
AURORA FASHIONS GROUP LIMITED	07410878	27.02.2011	N
AURORA FASHIONS HOLDINGS L...	06822133	28.02.2011	Y	£612,600,000
AURORA FASHIONS FINANCE...	06787528	28.02.2011	N
AURORA CENTRAL SERVICE...	07410874	27.02.2011	N
AND OTHER BRANDS LIMITED	06822125	28.02.2011	N
AURORA SPECIALTY BRAND...	06822718	28.02.2011	N
ANOUSHKA G LIMITED	06822185	28.02.2011	N
BASTYAN FASHIONS LIM...	06969547	28.02.2011	N	£1,800,000
COAST HOLDINGS LIMITED	06818458	28.02.2011	Y	£98,800,000
COAST FASHIONS US LI...	07487231	-	N
COAST FASHIONS LIMITED	06822210	28.02.2011	N	£96,700,000
COAST RETAIL LIMITED	06822212	28.02.2011	N	£10,100,000
COAST STORES IRELAN...	IE413393	28.02.2011	N	€10,300,000
OASIS FASHIONS HOLDING...	06818415	28.02.2011	Y	£169,200,000
OASIS FASHIONS IRELA...	IE361076	28.02.2011	N	€20,400,000
OASIS FASHIONS LIMITED	06822219	28.02.2011	N	£157,500,000
OASIS FASHIONS RETAI...	06822670	28.02.2011	N	£22,700,000
WAREHOUSE FASHIONS HOL...	06818428	28.02.2011	Y	£147,600,000
OASIS FASHIONS US LI...	07532046	-	N
WAREHOUSE FASHIONS U...	07532122	-	N
WAREHOUSE FASHION IR...	IE433424	28.02.2011	N	€10,500,000
WAREHOUSE FASHIONS L...	06822214	28.02.2011	N	£142,500,000
WAREHOUSE RETAIL LIM...	06822218	28.02.2011	N	£15,000,000
CHESHIRE PLATO LLP	OC308524	28.02.2011	N
ASQUITH COURT NURSERIES LI...	03077271	28.02.2011	N
SECRET GARDEN (WILMINGTO...	03486788	28.02.2011	N
RIVERTIDE EDUCATION LIMITED	03247722	28.02.2011	N
CROUCH HILL LIMITED	03293239	28.02.2011	N
THE SECRET GARDEN (CHAUC...	03507021	28.02.2011	N
THE SECRET GARDEN DAY NU...	03182997	28.02.2011	N
THE SECRET GARDEN (WKC)...	03822233	28.02.2011	N
CONCHORD LIMITED	06905645	28.02.2011	Y	£49,651,000
CHESTNUTBAY ACQUISITIONCO...	06259744	28.02.2011	Y	£49,651,000
CHESTNUTBAY LIMITED	04134749	28.02.2011	N
ACORNDRIVE LIMITED	04167362	28.02.2011	N
ACORNDRIFT LIMITED	04167034	28.02.2011	N	£29,231,000
ASQUITH COURT HOLD...	02512315	28.02.2011	N
GNS PROPERTY SER...	03296707	28.02.2011	N
ASQUITH NURSERIE...	05133988	28.02.2011	N	£45,267,000
ASQUITH DAY NU...	03437108	28.02.2011	N
ASQUITH NURSER...	04430375	28.02.2011	N	£2,821,512
KINDERSTART DA...	04666917	28.02.2011	N	£1,562,715
GOOSEBROOK LIMITED	05109220	28.02.2011	N	£2,499,000
RIVERTIDE DAY...	03714933	28.02.2011	N	£39,000
KAREN MILLEN GROUP LIMITED	07410883	27.02.2011	N
HS 524 LIMITED	07487239	-	N
KAREN MILLEN HOLDINGS LIMITED	06818444	28.02.2011	Y	£189,300,000
KAREN MILLEN FASHIONS LI...	06822177	28.02.2011	N	£153,200,000
KAREN MILLEN IRELAND LIM...	IE413391	28.02.2011	N	€10,800,000
KAREN MILLEN RETAIL LIMITED	06822157	28.02.2011	N	£15,500,000
MOSAIC FASHIONS US LIMITED	04327477	28.02.2011	N	£9,600,000
KAUPTHING HOLDINGS UK LIMITED	05370063	31.12.2011	N
KAUPTHING GROUP UK LIMITED	00970842	31.12.2011	N	£33,000
KAUPTHING SINGER & FRIED...	00875947	31.12.2007	Y	£465,666,000
SINJUL INVESTMENTS LIM...	00734618	31.12.2006	N
CHEAPSIDE NOMINEES LIM...	00828389	31.12.2011	N
SINGER & FRIEDLANDER I...	01944779	30.06.2012	N	£2,104,000
SINJUL NOMINEES LIMITED	00293097	31.12.2011	N
SINGER & FRIEDLANDER...	03035403	30.06.2012	N	£3,075
PRIVATE NOMINEES L...	03052640	31.12.2011	N
KAUPTHING LIMITED	03852334	31.12.2006	N	£43,590,000
KCP II (GP) LIMITED	06140282	-	N
SINGER & FRIEDLANDER F...	05084823	31.12.2007	N	£15,442,000
ANCOMASS LIMITED	01437775	31.12.2006	N
SINGER & FRIEDLANDER H...	00283119	31.12.2006	N
WINTRUST LIMITED	00243230	30.06.2010	N
LA TASCA HOLDINGS LIMITED	07505029	-	N
LA TASCA GROUP LIMITED	04220541	27.02.2011	Y	£66,362,000
LA TASCA RESTAURANTS HOL...	03349330	27.02.2011	N
LA TASCA RESTAURANTS L...	02820794	27.02.2011	N	£58,457,000

Linkages

Group	71 companies
Linkages	14 companies
Countries	In 5 countries

Other Linked companies

Name	Number	Latest Key Financials	Turnover
SONORA HOLDINGS LIMITED	05075052	26.01.2008
MOHAVE LIMITED	05074656	26.01.2008
NOEL ACQUISITIONS LIMITED	04871393	26.01.2008
MOSAIC FASHIONS LIMITED	04871389	26.01.2008
SIERRA HOLDINGS LIMITED	04226585	26.01.2008
KAREN MILLEN HOLLAND B.V.	24332019	29.01.2011
KAREN MILLEN SWEDEN AB	5566191267	31.01.2011	30,790 KSEK
WHISTLES LIMITED	01514754	28.01.2012	£39,100,000
WHISTLES INTERNATIONAL LIMITED	02863418	28.01.2012
WHISTLES (BICESTER) LIMITED	03184219	26.01.2008
SIERRA ACQUISITIONS LIMITED	04235394	26.01.2008
STANTON HARCOURT INTERNATIONAL CENTRE LIMITED	05209154	26.01.2008
KAREN MILLEN DEUTSCHLAND GMBH	HRB 85738	31.01.2012
MOSAIC FASHIONS		-

FINANCIAL INFORMATION

Financials

Profit & Loss

Date Of Accounts	28/02/11	30/01/10	-	-	-
Weeks	56	50	-	-	-
Currency	GBP	GBP	-	-	-
Consolidated A/cs	N	N	-	-	-
Turnover	£157,500,000	£131,600,000	-	-	-
Export	£29,200,000	£17,300,000	-	-	-
Cost of Sales	£75,800,000	£57,900,000	-	-	-
Gross Profit	£81,700,000	£73,700,000	-	-	-
Wages & Salaries	£25,900,000	£26,300,000	-	-	-
Directors Emoluments	-	-	-	-	-
Operating Profit	-£8,600,000	-£1,100,000	-	-	-
Depreciation	£2,800,000	£1,900,000	-	-	-
Audit Fees	-	-	-	-	-
Interest Payments	£1,000,000	£2,200,000	-	-	-
Pre Tax Profit	-£9,700,000	-£20,000,000	-	-	-
Taxation	£600,000	£1,700,000	-	-	-
Profit After Tax	-£9,100,000	-£18,300,000	-	-	-
Dividends Payable	-	-	-	-	-
Retained Profit	-£9,100,000	-£18,300,000	-	-	-

Balance Sheet

Date Of Accounts	28/02/11	30/01/10	-	-	-
Tangible Assets	£11,700,000	£8,800,000	-	-	-
Intangible Assets	£8,900,000	£9,300,000	-	-	-
Total Fixed Assets	£20,600,000	£18,100,000	-	-	-
Stock	£13,200,000	£11,000,000	-	-	-
Trade Debtors	£5,200,000	£6,000,000	-	-	-
Cash	£2,400,000	0	-	-	-
Other Debtors	£3,600,000	£6,100,000	-	-	-
Miscellaneous Current Assets	0	0	-	-	-
Total Current Assets	£24,400,000	£23,100,000	-	-	-
Trade Creditors	£9,000,000	£6,600,000	-	-	-
Bank Loans & Overdrafts	0	£2,000,000	-	-	-
Other Short Term Finance	£57,400,000	£13,400,000	-	-	-
Miscellaneous Current Liabilities	£6,000,000	£5,100,000	-	-	-
Total Current Liabilities	£72,400,000	£27,100,000	-	-	-
Bank Loans & Overdrafts and LTL	0	£34,400,000	-	-	-
Other Long Term Finance	0	0	0	-	-
Total Long Term Liabilities	0	£32,400,000	-	-	-

Capital & Reserves

Date Of Accounts	28/02/11	30/01/10	-	-	-
Called Up Share Capital	-	-	-	-	-
P & L Account Reserve	-£27,400,000	-£18,300,000	-	-	-
Revaluation Reserve	-	-	-	-	-
Sundry Reserves	-	-	-	-	-
Shareholder Funds	-£27,400,000	-£18,300,000	-	-	-

Other Financial Items

Date Of Accounts	28/02/11	30/01/10	-	-	(%)	-
Net Worth	-£36,300,000	-£27,600,000	-	-	-	-
Working Capital	-£48,000,000	-£4,000,000	-	-	-	-
Total Assets	£45,000,000	£41,200,000	-	-	-	-
Total Liabilities	£72,400,000	£59,500,000	-	-	-	-
Net Assets	-£27,400,000	-£18,300,000	-	-	-	-

Cash Flow

Date Of Accounts	28/02/11	30/01/10	-	-	-
Net Cashflow from Operations	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-
Increase in Cash	-	-	-	-	-

Miscellaneous

Date Of Accounts	28/02/11	30/01/10	-	-	-
Contingent Liability	NO	NO	-	-	-
Capital Employed	-£27,400,000	£14,100,000	-	-	-
Number of Employees	2463	2449	-	-	-
Auditors	KPMG LLP
Auditor Comments	The audit report contains no adverse comments
Bankers	BARCLAYS BANK PLC
Bank Branch Code	20-00-00

Ratios

Date Of Accounts	28/02/11	30/01/10	-	-	-
Pre-tax profit margin %	-6.16	-15.20	-	-	-
Current ratio	0.34	0.85	-	-	-
Sales/Net Working Capital	-3.28	-32.90	-	-	-
Gearing %	0	-188	-	-	-
Equity in %	-75.90	-57.40	-	-	-
Creditor Days	22.39	17.55	-	-	-
Debtor Days	12.94	15.95	-	-	-
Liquidity/Acid Test	0.15	0.44	-	-	-
Return On Capital Employed %	35.40	-141.84	-	-	-
Return On Total Assets Employed %	-21.55	-48.54	-	-	-
Current Debt Ratio	-2.64	-1.48	-	-	-
Total Debt Ratio	-2.64	-3.25	-	-	-
Stock Turnover Ratio %	8.38	8.35	-	-	-
Return on Net Assets Employed %	35.40	109.28	-	-	-

FOREIGN EXCHANGE RATES

Na

ADDITIONAL INFORMATION

Commentary

No exact match CCJs are recorded against the company.
The company's credit rating has increased from 78 to 87 which indicates very good creditworthiness.
There has been no significant change in the company's credit limit.
Net Worth decreased by 31.5% during the latest trading period.
A 9.2% growth in Total Assets occurred during the latest trading period.
The audit report contains no adverse comments.
No recent changes in directorship are recorded.
The company is part of a group.
The company was established over 3 years ago.

Event History

Status History

No Status History found

Event History

Date	Description
14/04/2012	Annual Returns
14/12/2011	New Accounts Filed
14/12/2011	New Accounts Filed
30/04/2011	Annual Returns
28/08/2010	New Accounts Filed
27/03/2010	Annual Returns
21/09/2009	Change of Name
13/03/2009	Mr J.C. Truscott has left the board
13/03/2009	HEATONS DIRECTORS LIMITED has left the board
13/03/2009	New Board Member Mr D.J. Lovelock appointed
13/03/2009	New Board Member Mr M. Shearwood appointed
13/03/2009	New Board Member Mr R. Glanville appointed
13/03/2009	New Board Member Ms M.E. Lustman appointed
25/02/2009	Change of Name
25/02/2009	Change in Reg.Office

Previous Company Names

Date	Previous Name
17/09/2009	O FASHIONS OPCO LIMITED
21/02/2009	HS 473 LIMITED

NOTES & COMMENTS

Na

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.16
UK Pound	1	Rs.88.03
Euro	1	Rs.70.86

INFORMATION DETAILS

Report Prepared by :

SDA

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.