MIRA INFORM REPORT

Report Date :

06.05.2013

IDENTIFICATION DETAILS

Name :	BOMBAY LOOKS LTD
Registered Office :	5 Brookdene Drive Northwood HA6 3NS
Country :	United Kingdom
Financials (as on) :	31.03.2012
Date of Incorporation :	08.03.2005
Com. Reg. No.:	05385112
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 :	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, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
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	BOMBAY LOOKS LTD	Company Number	05385112
Registered Address	5 BROOKDENE DRIVE	Trading Address	5 Brookdene Drive Northwood Middlesex HA6 3NS
	NORTHWOOD
	HA6 3NS
Website Address	-
Telephone Number	-	Fax Number
TPS	-	FPS	No
Incorporation Date	08/03/2005	Company Status	Active - Accounts Filed
Previous Name		Type	Private limited with Share Capital
Date of Change	-	Filing Date of Accounts	31/12/2012

DIRECTORS/MANAGEMENT

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

Current Directors

Name	Vinod Dattani	Date of Birth	16/07/1952
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	30/10/2008
Address	42 Wensleydale Avenue, Clayhall, Essex, IG5 0NA
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Subash Dattani	Date of Birth	08/09/1957
Officers Title	Mr	Nationality	British
Present Appointments	5	Function	Director
Appointment Date	23/04/2012
Address	44 Windsor Road, Ilford, Essex, IG1 1HQ

NEGATIVE INFORMATION

CCJ

Total Number of Exact CCJs -	0	Total Value of Exact CCJs -	\csukserver01002INT'L CREDIT REPORT2013.04.002013.04.30CCJDetails.aspx?CompanyNumber=05385112
Total Number of Possible CCJs -	0	Total Value of Possible CCJs -	\csukserver01002INT'L CREDIT REPORT2013.04.002013.04.30CCJDetails.aspx?CompanyNumber=05385112
Total Number of Satisfied CCJs -	0	Total Value of Satisfied CCJs -	\csukserver01002INT'L CREDIT REPORT2013.04.002013.04.30CCJDetails.aspx?CompanyNumber=05385112
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	1
Satisfied	0

SHARE & SHARE CAPITAL INFORMATION

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
AJIT DATTANI	GBP	20	ORDINARY	1	20
SUBHAS DATTANI	GBP	20	ORDINARY	1	20
VINOD DATTANI	GBP	20	ORDINARY	1	20
SANDIP DATTANI	GBP	20	ORDINARY	1	20
PARESH DATTANI	GBP	20	ORDINARY	1	20

Share Capital

£100

PAYMENT INFORMATION

Payment Information Summary

Days Beyond Terms

Trend Indicator

Average Payment Experience

N/A	11
Company DBT	UK Average DBT

Steady

Improving Worsening

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

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder Funds	Employees
31/03/2012	-	-	£502,124	-
31/03/2011	-	-	£400,235	-
31/03/2010	-	-	£330,107	-

Profit & Loss

	Date Of Accounts	31/03/12	(%)	31/03/11	(%)	31/03/10	(%)	31/03/09	(%)	31/03/08
	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	£5,331	-17.7%	£6,480	30.9%	£4,952	-25%	£6,604	-25%	£8,804
	Audit Fees	-	-	-	-	-	-	-	-	-
	Interest Payments	-	-	-	-	-	-	-	-	-
	Pre Tax Profit	-	-	-	-	-	-	-	-	-
	Taxation	-	-	-	-	-	-	-	-	-
	Profit After Tax	-	-	-	-	-	-	-	-	-
	Dividends Payable	-	-	-	-	-	-	-	-	-
	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	31/03/12	(%)	31/03/11	(%)	31/03/10	(%)	31/03/09	(%)	31/03/08
	Tangible Assets	£42,929	-7.5%	£46,385	11%	£41,796	-10.6%	£46,748	-12.4%	£53,353
	Intangible Assets	£129,250	-2.3%	£132,250	-2.2%	£135,250	-2.2%	£138,250	-2.1%	£141,250
	Total Fixed Assets	£172,179	-3.6%	£178,635	0.9%	£177,046	-4.3%	£184,998	-4.9%	£194,603
	Stock	£478,135	-0.4%	£480,190	20.2%	£399,476	25.3%	£318,763	3.1%	£309,128
	Trade Debtors	£60,000	140%	£25,000	400%	£5,000	-	£5,000	-	0
	Cash	£14,788	10%	£13,439	-30.6%	£19,356	26.8%	£15,265	25.9%	£12,125
	Other Debtors	0	-	0	-	0	-	0	-	0
	Miscellaneous Current Assets	£3,695	-3.8%	£3,839	-13.6%	£4,443	666%	£580	-60.1%	£1,455
	Total Current Assets	£556,618	6.5%	£522,468	22%	£428,275	26.1%	£339,608	5.2%	£322,708
	Trade Creditors	£225,040	-25.1%	£300,296	9.3%	£274,662	4.6%	£262,604	-19.5%	£326,166
	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	£225,040	-25.1%	£300,296	9.3%	£274,662	4.6%	£262,604	-19.5%	£326,166
	Bank Loans & Overdrafts and LTL	£1,633	185.5%	£572	3.6%	£552	-32.5%	£818	-	0
	Other Long Term Finance	0	-	0	-	0	-	0	-	0
	Total Long Term Liabilities	£1,633	185.5%	£572	3.6%	£552	-32.5%	£818	-	0

Capital & Reserves

	Date Of Accounts	31/03/12	(%)	31/03/11	(%)	31/03/10	(%)	31/03/09	(%)	31/03/08
	Called Up Share Capital	£100	-	£100	-	£100	-	£100	-	£100
	P & L Account Reserve	£502,024	25.5%	£400,135	21.3%	£330,007	26.4%	£261,084	36.7%	£191,045
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	-	-	-	-	-	-	-	-	-
	Shareholder Funds	£502,124	25.5%	£400,235	21.2%	£330,107	26.4%	£261,184	36.6%	£191,145

Other Financial Items

	Date Of Accounts	31/03/12	(%)	31/03/11	(%)	31/03/10	(%)	31/03/09	(%)	31/03/08
	Net Worth	£372,874	39.1%	£267,985	37.5%	£194,857	58.5%	£122,934	146.4%	£49,895
	Working Capital	£331,578	49.2%	£222,172	44.6%	£153,613	99.5%	£77,004	999.9%	-£3,458
	Total Assets	£728,797	4%	£701,103	15.8%	£605,321	15.4%	£524,606	1.4%	£517,311
	Total Liabilities	£226,673	-24.7%	£300,868	9.3%	£275,214	4.5%	£263,422	-19.2%	£326,166
	Net Assets	£502,124	25.5%	£400,235	21.2%	£330,107	26.4%	£261,184	36.6%	£191,145

Cash Flow

	Date Of Accounts	31/03/12	(%)	31/03/11	(%)	31/03/10	(%)	31/03/09	(%)	31/03/08
	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	31/03/12	(%)	31/03/11	(%)	31/03/10	(%)	31/03/09	(%)	31/03/08
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
	Capital Employed	£503,757	25.7%	£400,807	21.2%	£330,659	26.2%	£262,002	37.1%	£191,145
	Number of Employees	-	-	-	-	-	-	-	-	-

Ratios

	Date Of Accounts	31/03/12	31/03/11	31/03/10	31/03/09	31/03/08
	Pre-tax profit margin %	-	-	-	-	-
	Current ratio	2.47	1.74	1.56	1.29	0.99
	Sales/Net Working Capital	-	-	-	-	-
	Gearing %	0.30	0.10	0.20	0.30	0
	Equity in %	83.80	70.40	70.20	67.60	50.80
	Creditor Days	-	-	-	-	-
	Debtor Days	-	-	-	-	-
	Liquidity/Acid Test	0.34	0.14	0.10	0.07	0.04
	Return On Capital Employed %	-	-	-	-	-
	Return On Total Assets Employed %	-	-	-	-	-
	Current Debt Ratio	0.44	0.75	0.83	1	1.70
	Total Debt Ratio	0.45	0.75	0.83	1	1.70
	Stock Turnover Ratio %	-	-	-	-	-
	Return on Net Assets Employed %	-	-	-	-

FOREIGN EXCHANGE RATES

N/a

ADDITIONAL INFORMATION

SIC03	5242
SIC03 Description	RETAIL SALE OF CLOTHING
SIC07	47710
SIC07 Description	RETAIL SALE OF CLOTHING IN SPECIALISED STORES
Principal Activity

Current Company Secretary

Name	Ajit Dattani	Date of Birth	-
Officers Title		Nationality	British
Present Appointments	1	Function	Company Secretary
Appointment Date	08/03/2005
Address	51 Crown Road, Ilford, Essex, IG6 1NN

Auditors
Auditor Comments	The company is exempt from audit
Bankers
Bank Branch Code

Status History

No Status History found

Event History

Date	Description
15/01/2013	New Accounts Filed
15/01/2013	New Accounts Filed
04/05/2012	New Board Member Mr S. Dattani appointed
26/04/2012	New Board Member Mr S. Dattani appointed
08/03/2012	Annual Returns
28/12/2011	New Accounts Filed
28/12/2011	New Accounts Filed
16/03/2011	Annual Returns
14/12/2010	New Accounts Filed
10/03/2010	Annual Returns
30/06/2009	New Accounts Filed
13/05/2009	New Board Member Mr V. Dattani appointed
06/03/2009	Annual Returns
19/11/2008	New Accounts Filed
03/11/2008	Mr P. Dattani has left the board

Previous Company Names

No Previous Names found

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.95
UK Pound	1	Rs.83.80
Euro	1	Rs.70.49

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.