MIRA INFORM REPORT

Report Date :

22.12.2014

IDENTIFICATION DETAILS

Name :	LOYAMERE PTY LTD

Registered Office :	86, Arthur Street Fortitude Valley Qld 4006

Country :	Australia

Year of Establishment :	1989

Com. Reg. No.:	107229569

Legal Form :	Australian Proprietary Company

Line of Business :	Subject is engaged in design and retail of fashion clothing and accessories.

No of Employees :	30 (estimated)

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate

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, 2014

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

Australia

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

AUSTRALIA - ECONOMIC OVERVIEW

The Australian economy has experienced continuous growth and features low unemployment, contained inflation, very low public debt, and a strong and stable financial system. By 2012, Australia had experienced more than 20 years of continued economic growth, averaging 3.5% a year. Demand for resources and energy from Asia and especially China has grown rapidly, creating a channel for resources investments and growth in commodity exports. The high Australian dollar has hurt the manufacturing sector, while the services sector is the largest part of the Australian economy, accounting for about 70% of GDP and 75% of jobs. Australia was comparatively unaffected by the global financial crisis as the banking system has remained strong and inflation is under control. Australia has benefited from a dramatic surge in its terms of trade in recent years, stemming from rising global commodity prices. Australia is a significant exporter of natural resources, energy, and food. Australia's abundant and diverse natural resources attract high levels of foreign investment and include extensive reserves of coal, iron, copper, gold, natural gas, uranium, and renewable energy sources. A series of major investments, such as the US$40 billion Gorgon Liquid Natural Gas project, will significantly expand the resources sector. Australia is an open market with minimal restrictions on imports of goods and services. The process of opening up has increased productivity, stimulated growth, and made the economy more flexible and dynamic. Australia plays an active role in the World Trade Organization, APEC, the G20, and other trade forums. Australia has bilateral free trade agreements (FTAs) with Chile, Malaysia, New Zealand, Singapore, Thailand, and the US, has a regional FTA with ASEAN and New Zealand, is negotiating agreements with China, India, Indonesia, Japan, and the Republic of Korea, as well as with its Pacific neighbors and the Gulf Cooperation Council countries, and is also working on the Trans-Pacific Partnership Agreement with Brunei Darussalam, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, the US, and Vietnam

Source : CIA

IDENTIFICATION

Given
Subject name:	LOYAMERE PTY LTD
Address:	86, ARTHUR STREET
Town:	FORTITUDE VALLEY
Zip/postal code:	QLD 4006
Country:	Australia

Verified
Subject name:	LOYAMERE PTY LTD
Other style:	EASTON PEARSON
Address:	110 Arthur Street	Postal address:	PO Box 1361
Town:	Fortitude Valley	Town:	Fortitude Valley
State/province:	Queensland	State/province:	Queensland
Zip/postal code:	4006	Zip/postal code:	4006
Country:	Australia
Telephone:	+61 (7) 33587200 / 33586805
Fax:	+61 (7) 32542766
Email:	eastonpearson@eastonpearson.com
Website:	www.eastonpearson.com

EXECUTIVE SUMMARY

Date established:	1989
Legal form:	Australian Proprietary Company
Share capital	AUD 2
Main activities:	Retail of fashion labels
Employees:	30 (estimated)

Interpretation	Financial information was not available. More caution advisable when considering granting credit. Smaller credits plus guarantees an advantage. A strict credit control policy applies.

REGISTRY DATA

Key Facts
Date established:	1989
Date registered:	01-12-2003
Legal form:	Australian Proprietary Company
Registration no:	ACN: 107229569
Registry auth.	Australian Securities and Investments Commission
Tax number:	ABN: 76107229569
Registry status:	Live/Active
Comments:	Business names registered by the Subject: 1) Business name: EASTON PEARSON Registration date: 3/08/2006 Former identifier: BN19970316 Former State/Territory: QLD 2) Business name: E.P. BY EASTON PEARSON Registration date: 15/10/2007 Former identifier: BN20519187 Former State/Territory: QLD

LEGAL FILINGS

Bankruptcy filings:	None
Court judgements:	None
Tax liens:	None
Other:	None

MANAGEMENT & STAFF

Key Managers
Name:	Pamela Grace Easton
Job title:	Director and Company Secretary

Name:	Lydia Ann Pearson
Job title:	Director

Staff
No of employees	30 (estimated)

BOARD OF DIRECTORS / OTHER APPOINTMENTS

Appointments
Name:	Pamela Grace Easton
Board function:	Director and Company Secretary
Date appointed:	05-01-2004
Address:	7 Diddams Lane Brisbane, QLD 4000 Australia
Biography:	DOB: 23/04/1958 Birth Place: Charters Towers, Queensland

Name:	Lydia Ann Pearson
Board function:	Director
Date appointed:	01-12-2003
Address:	20 Dauphin Terrace Highgate Hill, QLD 4101 Australia
Biography:	DOB: 27/08/1957 Birth Place: United Kingdom

SHARE CAPITAL

Composition
Authorised:	AUD 2
Number/type:	2 ordinary shares
Share value:	AUD 1
Issued:	AUD 2
Paid-up:	AUD 2

CORPORATE AFFILIATIONS

Comments

None reported.

BANKING & FINANCING

Bankers
Bank name:	BANK OF QUEENSLAND
Address:	Australia

Comments	It is generally not the policy of local banks to provide credit status information to non-bona fide applications, and interested parties would be advised to consult first with the Subject if banker's references are required.

FINANCIAL ACCOUNTS

Description
Required to file:	No
Source:	N/A

Comments	Private Companies in Australia are not required to file accounts unless classified as "Large", which at the moment means that two out of the following three conditions are met: - The company has a sales turnover of over AUD 25,000,000; - The company has total assets of over AUD 12,500,000; - The company employs 50 people or more. The Subject does not meet the criteria of being a large proprietary company.

OPERATIONS & HISTORY

Activities
Full description:	The Subject is engaged in design and retail of fashion clothing and accessories.

Key Events	Easton Pearson turns 25 By Laura Brodnik – Sunday 19 October, 2014 Celebrate one of Brisbane’s most iconic fashion labels at this year’s hottest street party. Designers Pamela Easton and Lydia Pearson will celebrate 25 years of their namesake label Easton Pearson at the upcoming James Street RESORT series. From 23 October to 25 October, James Street will be transformed into an urban vacation, hosting presentations and parties from sunrise to sunset as part of series that will celebrate the beauty of this local label. Presented by Audi Centre Brisbane and MAC Cosmetics at the Institute of Modern Art, this is a chance for selected guests to see the latest offerings from a unique Brisbane label with a slew of style and flair. From humble beginnings, Easton Pearson has grown to be one of Australia’s most loved and recognised fashion labels. The flagship store on James Street is a visual tribute to the colour, style and exotic wonder that exudes out of each of its collections. The iconic style of Easton Pearson, and the newest addition, Take Away, can all be found in store alongside an ever changing array of eclectic accessories sourced from around the world. Known for their beautiful textiles and hand embellishments, designers, Pamela Easton and Lydia Pearson continue to create collections that reflect a sense of personality. Drawing inspiration from an eclectic mix of sources, each collection comes to life with originality and ever-present attention to detail and this collection is sure to be no exception.

PROPERTY & ASSETS

Premises	The Subject's head office is located at the heading address.

Branches	Approx. 100 'Easton Pearson' labelled stores across 24 countries reported.

PAYMENTS

Debt Collections / Judgements	No negative information was found.

Payment Experience
Payment behaviour:	As trade references were not supplied, the Subject's payment track record history CANNOT BE ACCURATELY DETERMINED, but payments are believed to be PROMPT.

INVESTIGATIVE NOTES

Sources:

Interviews and material provided by the Subject

Other official and local business sources

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.07
UK Pound	1	Rs.98.73
Euro	1	Rs.77.46

INFORMATION DETAILS

Analysis Done by :	SUB

Report Prepared by :	ANK

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.