MIRA INFORM REPORT

Report Date :

13.06.2014

IDENTIFICATION DETAILS

Name :	OCHRE BLUE LIMITED

Registered Office :	8 Islington House, 313-314 Upper Street, London N1 2XQ

Country :	United Kingdom

Financials (as on) :	30.04.2013

Date of Incorporation :	09.11.2010

Com. Reg. No.:	07434616

Legal Form :	Private Limited with Share Capital

Line of Business :	Non- Specialised Wholesale Trade [We tried to confirm / obtain the detailed activity but the same is not available from any sources]

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 – March 31, 2014

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

United Kingdom

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	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. 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, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output. 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. Falling 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 included 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 aimed to lower London's budget deficit from about 11% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 largely due to 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 21% by 2014. The Bank of England (BoE) implemented an asset purchase program of £375 billion (approximately $605 billion) as of December 2013. 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). In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.4%, accelerating unexpectedly in the second half of the year because of greater consumer spending and a recovering housing market. The budget deficit is falling but remains high at nearly 7% and public debt has continued to increase.

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

Company Name: OCHRE BLUE LIMITED

Company No: 07434616

Registered Address: 8 ISLINGTON HOUSE

313 - 314 UPPER STREET

LONDON

N1 2XQ

DIRECTORS/MANAGEMENT

Total Current Directors	7
Total Current Secretaries	0
Total Previous Directors / Company Secretaries	1

Current Directors

Name	Ivan James Lister	Date of Birth	16/10/1968
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	09/11/2010
Address	14 Elmore Street, London, N1 3AL
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Alison Elizabeth Stewart	Date of Birth	19/02/1970
Officers Title	Miss	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	09/01/2013
Address	8 Islington House, 313 - 314 Upper Street, London, N1 2XQ
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Natalie Angelique Bolton	Date of Birth	07/05/1970
Officers Title	Miss	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	09/01/2013
Address	8 Islington House, 313 - 314 Upper Street, London, N1 2XQ
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Dilip Shrikrishna Damle	Date of Birth	30/11/1960
Officers Title	Mr	Nationality	Indian
Present Appointments	1	Function	Director
Appointment Date	09/01/2013
Address	8 Islington House, 313 - 314 Upper Street, London, N1 2XQ
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Arjun Kulkarni	Date of Birth	05/10/1979
Officers Title	Mr	Nationality	Indian
Present Appointments	1	Function	Director
Appointment Date	09/01/2013
Address	8 Islington House, 313 - 314 Upper Street, London, N1 2XQ
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Mukund Vasudeo Kulkarni	Date of Birth	15/07/1950
Officers Title	Mr	Nationality	Indian
Present Appointments	1	Function	Director
Appointment Date	09/01/2013
Address	8 Islington House, 313 - 314 Upper Street, London, N1 2XQ
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Priyankur Kulkarni	Date of Birth	11/11/1982
Officers Title	Mr	Nationality	Indian
Present Appointments	1	Function	Director
Appointment Date	09/01/2013
Address	8 Islington House, 313 - 314 Upper Street, London, N1 2XQ
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Current Company Secretary

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Anthony John Darcy Corlett	7	9

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

No CCJs found

Possible CCJs Details

There are no possible CCJ details

Writ Details

No writs found

Mortgage Details

Mortgage Type:	RENT DEPOSIT DEED
Date Charge Created:	24/11/10
Date Charge Registered:	02/12/10
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	OCTAGON ASSETS LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	DEPOSIT OF £5,000.00 SEE IMAGE FOR FULLDETAILS

SHARE & SHARE CAPITAL INFORMATION

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
SHRUTI TIEUP PRIVATE LTD	GBP	122,500	ORDINARY	1	49
LOWELL HARDER	GBP	40,000	ORDINARY	1	16
NATALIE BOLTON	GBP	30,000	ORDINARY	1	12
ALISON ELIZABETH STEWART	GBP	25,000	ORDINARY	1	10
IVAN JAMES LISTER	GBP	25,000	ORDINARY	1	10
ANTHONY JOHN CORLETT	GBP	5,000	ORDINARY	1	2
DILIP DAMLE	GBP	625	ORDINARY	1	0.25
MUKUND KULKARNI	GBP	625	ORDINARY	1	0.25
ARJUN KULKARNI	GBP	625	ORDINARY	1	0.25
PRIYANKUR KULKARNI	GBP	625	ORDINARY	1	0.25

PAYMENT INFORMATION

Creditor Details

	Total Number	Total Value
Trade Creditors	0	-

No Creditor Data

Trade Debtors / Bad Debt Detail

	Total Number of Documented Trade	Total Value of Documented Trade
Trade Debtors	-	-

No Debtor Data

Average Invoice Value	£124.84
Invoices available	18
Paid	18
Outstanding	0

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

	Within Terms	0-30 Days	31-60 Days	61-90 Days	91+ Days
Paid	18	0	0	0	0
Outstanding	0	0	0	0	0

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

Statistics

Group	0 companies
Linkages	0 companies
Countries	In 0 countries

FINANCIAL INFORMATION

Profit & Loss

Date Of Accounts	30/04/13	(%)	30/04/12	(%)	-	(%)	-	(%)	-
Weeks	52	(%)	77	(%)	-	(%)	-	(%)	-
Currency	GBP	(%)	GBP	(%)	-	(%)	-	(%)	-
Consolidated A/cs	N	(%)	N	(%)	-	(%)	-	(%)	-
Turnover	-	-	-	-	-	-	-	-	-
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-
Wages & Salaries	-	-	-	-	-	-	-	-	-
Directors Emoluments	-	-	-	-	-	-	-	-	-
Operating Profit	-	-	-	-	-	-	-	-	-
Depreciation	£1,593	-86.7%	£11,992	-	-	-	-	-	-
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	-	-	-
Taxation	-	-	-	-	-	-	-	-	-
Profit After Tax	-	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

Date Of Accounts	30/04/13	(%)	30/04/12	(%)	-	(%)	-	(%)	-
Tangible Assets	£1,243	-56.2%	£2,836	-	-	-	-	-	-
Intangible Assets	£22,260	8.8%	£20,463	-	-	-	-	-	-
Total Fixed Assets	£23,503	0.9%	£23,299	-	-	-	-	-	-
Stock	£45,617	117.6%	£20,968	-	-	-	-	-	-
Trade Debtors	£441,110	615.7%	£61,630	-	-	-	-	-	-
Cash	£47,483	-5.6%	£50,293	-	-	-	-	-	-
Other Debtors	0	-	0	-	-	-	-	-	-
Miscellaneous Current Assets	0	-	0	-	-	-	-	-	-
Total Current Assets	£534,210	302%	£132,891	-	-	-	-	-	-
Trade Creditors	£436,684	154.5%	£171,567	-	-	-	-	-	-
Bank Loans & Overdrafts	0	-	0	-	-	-	-	-	-
Other Short Term Finance	0	-	0	-	-	-	-	-	-
Miscellaneous Current Liabilities	0	-	0	-	-	-	-	-	-
Total Current Liabilities	£436,684	154.5%	£171,567	-	-	-	-	-	-
Bank Loans & Overdrafts and LTL	£374,265	42.6%	£262,500	-	-	-	-	-	-
Other Long Term Finance	0	-	0	-	0	-	-	-	-
Total Long Term Liabilities	£374,265	42.6%	£262,500	-	-	-	-	-	-

Capital & Reserves

Date Of Accounts	30/04/13	(%)	30/04/12	(%)	-	(%)	-	(%)	-
Called Up Share Capital	£250,000	127.3%	£110,000	-	-	-	-	-	-
P & L Account Reserve	-£503,236	-29.7%	-£387,877	-	-	-	-	-	-
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	-£253,236	8.9%	-£277,877	-	-	-	-	-	-

Other Financial Items

Date Of Accounts	30/04/13	(%)	30/04/12	(%)	-	(%)	-	(%)	-
Net Worth	-£275,496	7.7%	-£298,340	-	-	-	-	-	-
Working Capital	£97,526	352.2%	-£38,676	-	-	-	-	-	-
Total Assets	£557,713	257.1%	£156,190	-	-	-	-	-	-
Total Liabilities	£810,949	86.8%	£434,067	-	-	-	-	-	-
Net Assets	-£253,236	8.9%	-£277,877	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	30/04/13	(%)	30/04/12	(%)	-	(%)	-	(%)	-
Contingent Liability	NO	-	NO	-	-	-	-	-	-
Capital Employed	£121,029	887.1%	-£15,377	-	-	-	-	-	-
Number of Employees	-	-	-	-	-	-	-	-	-
Auditors	EVERETT & SON
Auditor Comments	The audit report states that there is uncertainty concerning the company being a 'going concern'
Bankers
Bank Branch Code

Ratios

Date Of Accounts	30/04/13	30/04/12	-	-	-
Pre-tax profit margin %	-	-	-	-	-
Current ratio	1.22	0.77	-	-	-
Sales/Net Working Capital	-	-	-	-	-
Gearing %	-147.80	-94.50	-	-	-
Equity in %	-47.30	-204.70	-	-	-
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	1.11	0.65	-	-	-
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	-1.72	-0.61	-	-	-
Total Debt Ratio	-3.20	-1.56	-	-	-
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	-	-	-	-	-

FOREIGN EXCHANGE RATES

ADDITIONAL INFORMATION

Commentary

No exact match CCJs are recorded against the company.

Net Worth increased by 7.7% during the latest trading period.

A 257.1% growth in Total Assets occurred during the latest trading period.

The company saw a decrease in their Cash Balance of 5.6% during the latest trading period.

The audit report states that there is uncertainty concerning the company being a 'going concern'.

The company has undergone recent changes in its directorships.

The company is not part of a group.

The movement in accumulated earnings would indicate that the company incurred a loss after tax and other appropriations, including dividends.

The company was established over 3 years ago.

Status History

No Status History found

Event History

Date	Description
11/02/2014	New Accounts Filed
04/02/2014	Mr A.J. Corlett has left the board
14/01/2014	Annual Returns
07/02/2013	New Board Member Mr P. Kulkarni appointed
07/02/2013	New Board Member Mr M.V. Kulkarni appointed
07/02/2013	New Board Member Mr A. Kulkarni appointed
07/02/2013	New Board Member Mr D.S. Damle appointed
05/02/2013	New Board Member Miss N.A. Bolton appointed
04/02/2013	New Board Member Miss A.E. Stewart appointed
22/01/2013	Annual Returns
18/08/2012	New Accounts Filed
19/11/2011	Annual Returns
06/12/2010	Change in Reg.Office
06/12/2010	Change of Company Postcode
23/11/2010	New Board Member Mr I.J. Lister appointed

Previous Company Names

No Previous Names found

NOTES & COMMENTS

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.59.33
UK Pound	1	Rs.99.68
Euro	1	Rs.80.30

INFORMATION DETAILS

Analysis Done by :	SUB

Report Prepared by :	NNA

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.