MIRA INFORM REPORT

Report Date :

08.03.2013

IDENTIFICATION DETAILS

Name :	MAANI COUTURE LIMITED
Registered Office :	11 Ingleby Road, Ilford, Essex, Ig1 4rx
Country :	United Kingdom
Financials (as on) :	31.01.2012
Date of Incorporation :	07.12.2010
Com. Reg. No.:	07463110
Legal Form :	Private limited with Share Capital
Line of Business :	Retail sale of clothing
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 :	Usually 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 (31.03.2012)	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

Company Name	MAANI COUTURE LIMITED	Company Number	07463110
Registered Address	11 INGLEBY ROAD	Trading Address	11 Ingleby Road Ilford Essex IG1 4RX
	ILFORD
	ESSEX
	IG1 4RX
Website Address	-
Telephone Number	-	Fax Number
TPS	-	FPS	No
Incorporation Date	07/12/2010	Company Status	Active - Accounts Filed
Previous Name		Type	Private limited with Share Capital
Date of Change	-	Filing Date of Accounts	07/09/2012
		Share Capital	£4
SIC03	5242	Currency	GBP
SIC03 Description	RETAIL SALE OF CLOTHING
SIC07	47710
SIC07 Description	RETAIL SALE OF CLOTHING IN SPECIALISED STORES
Principal Activity

DIRECTORS/MANAGEMENT

Current Directors

Name	Bhupinder Singh Chadha	Date of Birth	06/02/1957
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	08/12/2010
Address	11 Ingleby Road, Ilford, Essex, IG1 4RX
Other Actions	View Director Report	View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Jasvir Kaur Chadha	Date of Birth	26/03/1959
Officers Title	Mrs	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	08/12/2010
Address	11 Ingleby Road, Ilford, Essex, IG1 4RX
Other Actions	View Director Report	View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Shan Chadha	Date of Birth	04/07/1988
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	08/12/2010
Address	11 Ingleby Road, Ilford, Essex, IG1 4RX
Other Actions	View Director Report	View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Maani Chadha	Date of Birth	02/11/1983
Officers Title	Miss	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	08/12/2010
Address	11 Ingleby Road, Ilford, Essex, IG1 4RX

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Barbara Kahan	76	18170

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

SHARE & SHARE CAPITAL INFORMATION

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
BHUPINDER CHADHA	GBP	1	ORDINARY	1	25
JASVIR KAUR CHADHA	GBP	1	ORDINARY	1	25
SHAH CHADHA	GBP	1	ORDINARY	1	25
MAANI CHADHA	GBP	1	ORDINARY	1	25

PAYMENT INFORMATION

Payment Information Summary

Days Beyond Terms

Trend Indicator

                         Average Payment Experience  

N/A	10
Company DBT	UK Average DBT

Steady

Improving Worsening

Be the first to leave a payment experience
for this company

Within Terms 91+ Days

GROUP STRUCTURE & AFFILIATED COMPANIES

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group structure

No group structure.

FINANCIAL INFORMATION

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder Funds	Employees
31/01/2012	-	-	£2,835	-

Profit & Loss

Date Of Accounts	31/01/12	-	(%)	-	(%)	-	(%)	-
Weeks	52	-	(%)	-	(%)	-	(%)	-
Currency	GBP	-	(%)	-	(%)	-	(%)	-
Consolidated A/cs	N	-	(%)	-	(%)	-	(%)	-
Turnover	-	-	-	-	-	-	-	-
Export	-	-	-	-	-	-	-	-
Cost of Sales	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-
Wages & Salaries	-	-	-	-	-	-	-	-
Directors Emoluments	-	-	-	-	-	-	-	-
Operating Profit	-	-	-	-	-	-	-	-
Depreciation	£1,850	-	-	-	-	-	-	-
Audit Fees	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	-	-
Taxation	-	-	-	-	-	-	-	-
Profit After Tax	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-
Retained Profit	-	-	-	-	-	-	-	-

Balance Sheet

Date Of Accounts	31/01/12	(%)	-	(%)	-	(%)	-	(%)	-
Tangible Assets	£12,948	-	-	-	-	-	-	-	-
Intangible Assets	0	-	-	-	-	-	-	-	-
Total Fixed Assets	£12,948	-	-	-	-	-	-	-	-
Stock	£165,000	-	-	-	-	-	-	-	-
Trade Debtors	£12,500	-	-	-	-	-	-	-	-
Cash	£133,963	-	-	-	-	-	-	-	-
Other Debtors	0	-	-	-	-	-	-	-	-
Miscellaneous Current Assets	0	-	-	-	-	-	-	-	-
Total Current Assets	£311,463	-	-	-	-	-	-	-	-
Trade Creditors	£321,576	-	-	-	-	-	-	-	-
Bank Loans & Overdrafts	0	-	-	-	-	-	-	-	-
Other Short Term Finance	0	-	-	-	-	-	-	-	-
Miscellaneous Current Liabilities	0	-	-	-	-	-	-	-	-
Total Current Liabilities	£321,576	-	-	-	-	-	-	-	-
Bank Loans & Overdrafts and LTL	0	-	-	-	-	-	-	-	-
Other Long Term Finance	0	-	-	-	-	-	-	-	-
Total Long Term Liabilities	0	-	-	-	-	-	-	-	-

Capital & Reserves

Date Of Accounts	31/01/12	(%)	-	(%)	-	(%)	-	(%)	-
Called Up Share Capital	£4	-	-	-	-	-	-	-	-
P & L Account Reserve	£2,831	-	-	-	-	-	-	-	-
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	£2,835	-	-	-	-	-	-	-	-

Other Financial Items

Date Of Accounts	31/01/12	(%)	-	(%)	-	(%)	-	(%)	-
Net Worth	£2,835	-	-	-	-	-	-	-	-
Working Capital	-£10,113	-	-	-	-	-	-	-	-
Total Assets	£324,411	-	-	-	-	-	-	-	-
Total Liabilities	£321,576	-	-	-	-	-	-	-	-
Net Assets	£2,835	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	31/01/12	(%)	-	(%)	-	(%)	-	(%)	-
	Contingent Liability	NO	-	-	-	-	-	-	-	-
	Capital Employed	£2,835	-	-	-	-	-	-	-	-
	Number of Employees	-	-	-	-	-	-	-	-	-
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	31/01/12	-	-	-	-
	Pre-tax profit margin %	-	-	-	-	-
	Current ratio	0.97	-	-	-	-
	Sales/Net Working Capital	-	-	-	-	-
	Gearing %	0	-	-	-	-
	Equity in %	0.90	-	-	-	-
	Creditor Days	-	-	-	-	-
	Debtor Days	-	-	-	-	-
	Liquidity/Acid Test	0.45	-	-	-	-
	Return On Capital Employed %	-	-	-	-	-
	Return On Total Assets Employed %	-	-	-	-	-
	Current Debt Ratio	113.43	-	-	-	-
	Total Debt Ratio	113.43	-	-	-	-
	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

-

ADDITIONAL INFORMATION

Commentary

No exact match CCJs are recorded against the company.
There is insufficient data to indicate a change in this companies percentage of sales.
There is insufficient data to indicate a change in this companies pre-tax profit.
The company is exempt from audit.
No recent changes in directorship are recorded.
The company is not part of a group.
The company was established over 2 years ago.

Current Company Secretary

Name	Shan Chadha	Date of Birth	-
Officers Title	Mr	Nationality
Present Appointments	1	Function	Company Secretary
Appointment Date	08/12/2010
Address	11 Ingleby Road, Ilford, Essex, IG1 4RX

Event History

Date	Description
28/12/2012	Annual Returns
12/09/2012	New Accounts Filed
08/02/2012	Annual Returns
04/03/2011	New Company Secretary Mr S. Chadha appointed
04/03/2011	New Board Member Miss M. Chadha appointed
04/03/2011	New Board Member Mr S. Chadha appointed
04/03/2011	New Board Member Mrs J.K. Chadha appointed
04/03/2011	New Board Member Mr B.S. Chadha appointed
14/12/2010	Mrs B. Kahan has left the board
09/12/2010	New Board Member Mrs B. Kahan appointed

Status History

No Status History found.

Previous Company Names

No Previous Names found.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.74
UK Pound	1	Rs.82.14
Euro	1	Rs.71.27

INFORMATION DETAILS

Report Prepared by :

MNL

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.