MIRA INFORM REPORT

Report Date :

29.11.2012

IDENTIFICATION DETAILS

Name :	NATURAL KIDSCO LTD.

Registered Office :	Ibex House Baker Street, Weybridge, KT13 8AH

Country :	United Kingdom

Financials (as on) :	12.05.2008

Date of Incorporation :	31.03.2010

Reg. No.:	06589926

Legal Form :	Private Subsidiary

Line of Business :	Sale of infant products.

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Slow
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

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

Company Name and Address

NATURAL KIDSCO LTD.

Ibex House Baker Street

Weybridge, KT13 8AH

United Kingdom

Employees: NA

Company Type: Private Subsidiary

Corporate Family: 2 Companies

Ultimate Parent: Amie Design Group Holdings Ltd.

Quoted Status: Non-quoted Company

Incorporation Date: 12-May-2008

Auditor: Midgley Snelling

Financials in:

Fiscal Year End: 31-Mar-2010

Reporting Currency: British Pound Sterling

Annual Sales: 0.5 ¹

Net Income: (0.1)

Total Assets: 0.5

Business Description

Sale of infant products.

Industry

Industry	Textiles - Non Apparel
ANZSIC 2006:	1332 - Rope, Cordage and Twine Manufacturing
NACE 2002:	1754 - Manufacture of other textiles not elsewhere classified
NAICS 2002:	31499 - All Other Textile Product Mills
UK SIC 2003:	1754 - Manufacture of other textiles not elsewhere classified
UK SIC 2007:	1399 - Manufacture of other textiles n.e.c.
US SIC 1987:	2299 - Textile goods, Not Elsewhere Classified

Key Executives

Name	Title
Amellia Anne Bristed Nilsson	Director
James Douglas Fordham Nilsson	Director

Registered No.(UK): 06589926

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6277937
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6592392

Corporate Overview

Location
Ibex House Baker Street
Weybridge, KT13 8AH
Surrey County
United Kingdom

Sales GBP(mil): 0.3

Assets GBP(mil): 0.3

Employees: NA

Fiscal Year End: 31-Mar-2010

Industry: Textiles - Non Apparel

Incorporation Date: 12-May-2008

Company Type: Private Subsidiary

Quoted Status: Not Quoted

Registered No.(UK): 06589926

Director: James Douglas Fordham Nilsson

Industry Codes

ANZSIC 2006 Codes:
1332	-	Rope, Cordage and Twine Manufacturing

NACE 2002 Codes:
1754	-	Manufacture of other textiles not elsewhere classified

NAICS 2002 Codes:
31499	-	All Other Textile Product Mills

US SIC 1987:
2299	-	Textile goods, Not Elsewhere Classified

UK SIC 2003:
1754	-	Manufacture of other textiles not elsewhere classified

UK SIC 2007:
1399	-	Manufacture of other textiles n.e.c.

Business Description

Sale of infant products.

Financial Data

Financials in:	GBP(mil)	1 Year Growth
Revenue:	0.3	143.0%
Net Income:	-0.1	NA
Assets:	0.3	NA
Current Assets:	0.3
Fixed Assets:	0.0
Long Term Debt:	0.0
Total Liabilities:	0.6
Issued Capital:	0.0
Working Capital:	-0.3
Net Worth:	-0.3
Date of Financial Data:	31-Mar-2010

Key Corporate Relationships

Auditor: Midgley Snelling

Gazette Status

Description	Action Date	Publication	Publication Date
Striking Off Notice	20-Dec-2011	Companies House	27-Dec-2011
Striking Off Notice Discontinued	17-May-2011	Companies House	17-May-2011
Striking Off Suspended	12-Apr-2011	Companies House	12-Apr-2011
Striking Off Notice	30-Mar-2011	Companies House	05-Apr-2011
Striking Off Notice Discontinued	13-Apr-2010	Companies House	13-Apr-2010
Striking Off Notice	27-Mar-2010	Companies House	06-Apr-2010

Corporate Structure News

Natural Kidsco Ltd.
Total Corporate Family Members: 2

Company Name	Company Type	Location	Country	Industry	Sales (USD mil)	Employees
Amie Design Group Holdings Ltd.	Parent
Natural Kidsco Ltd.	Subsidiary	Weybridge	United Kingdom	Textiles - Non Apparel	0.5

Board of Directors

Name

Title

Function

Amellia Anne Bristed Nilsson

Director

Director/Board Member

Age: 38

James Douglas Fordham Nilsson

Director

Director/Board Member

Age: 39

Directors and Shareholders Report

Main Office Address:
Ibex House Baker Street
Weybridge
United Kingdom KT13 8AH

Annual Return Date: 12 May 2012
Total Issued Capital (GBP 000): 1

Individual Directors
Name	Status	DOB	Filed Address	Appointment Date	Resignation Date	Summary of Directorships
James Douglas Fordham Nilsson	Current	12 Mar 1973	76 St Michaels Avenue, Pt Chevalier, Auckland	08 Sep 2008	NA	Current:1 Previous:0 Disqualifications:0
Amellia Anne Bristed Nilsson	Current	01 Dec 1973	76 St Michaels Avenue, Pt Chevalier, Auckland	08 Sep 2008	NA	Current:1 Previous:0 Disqualifications:0
Mark Slessor-White	Previous	10 Sep 1966	155 Jervois Road, Herne Bay, Auckland	12 May 2008	11 Sep 2008	Current:0 Previous:1 Disqualifications:0

Corporate Directors

There are no corporate directors for this company.

Individual Secretaries

There are no individual secretaries for this company.

Corporate Secretaries

There are no corporate secretaries for this company.

Individual Shareholders
Name	Share Details (As Reported)	Share Type	# of Shares	Share Price (GBP)	Share Value (GBP)	% of Total Shares
Amie Design Group Holdings Limited	1000 Ordinary GBP 1.00	Ordinary	1,000	1.00	1,000.00	100.00

Corporate Shareholders

There are no corporate shareholders for this company.

Annual Profit & Loss

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

	31-Mar-2010	31-Mar-2009
Period Length	52 Weeks	46 Weeks
Filed Currency	GBP	GBP
Exchange Rate (Period Average)	0.627794	0.592803
Consolidated	No	No

Turnover (UK)	0.4	0.2
Turnover (Exports)	0.0	0.0
Total Turnover	0.5	0.2
Cost of Sales	0.1	0.2
Gross Profit	0.4	0.0
Depreciation	0.0	0.0
Other Expenses	0.5	0.4
Other Income	0.0	0.0
Interest Paid	0.0	0.0
Exceptional Income	0.0	0.0
Profit Before Taxes	-0.1	-0.3
Tax Payable / Credit	0.0	0.0
Extraordinary Items/Debits	0.0	0.0
Dividends	0.0	0.0
Profit After Taxes	-0.1	-0.3
Minority Interests (Profit & Loss)	0.0	0.0
Directors Remuneration	0.2	0.1

Annual Cash Flows

Financials in: USD (mil)

	31-Mar-2010	31-Mar-2009
Period Length	52 Weeks	46 Weeks
Filed Currency	GBP	GBP
Exchange Rate (Period Average)	0.627794	0.592803
Consolidated	No	No

Annual Ratios

Financials in: USD (mil)

	31-Mar-2010	31-Mar-2009
Period Length	52 Weeks	46 Weeks
Filed Currency	GBP	GBP
Exchange Rate	0.659239	0.697666
Consolidated	No	No

Current Ratio	0.51	0.50
Liquidity Ratio	0.12	0.10
Stock Turnover	1.33	0.85
Working Capital by Sales	-94.90%	-147.26%
Return on Assets	-24.37%	-111.71%
Profit Margin	-24.86%	-164.94%
Borrowing Ratio	-10.67%	-157.37%
Equity Gearing	-90.57%	-98.32%
Interest Coverage	-18.35	-167.67
Sales by Tangible Assets	40.01	47.71
Creditor Days (Cost of Sales Based)	150.17	102.70
Creditor Days (Sales Based)	20.01	89.74

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.70
UK Pound	1	Rs.89.34
Euro	1	Rs.72.35

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.