MIRA INFORM REPORT

Report Date :

20.06.2014

IDENTIFICATION DETAILS

Name :	LOYAMERE PTY LTD
Registered Office :	110 Arthur Street, Fortitude Valley, Queensland 4006
Country :	Australia
Date of Incorporation :	01.12.2003
Com. Reg. No.:	107229569
Legal Form :	Australian Proprietary Company, Limited by Shares
Line of Business :	The Subject’s business consist of design, import, retail and distribution of women's clothing wear and accessories.
No of Employees :	15 employees

RATING & COMMENTS

MIRA’s Rating :

B

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 – March 31, 2014

Country Name	Previous Rating (31.12.2013)	Current Rating (31.03.2014)
Australia	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderate Low Risk	B1
Moderate Risk	B2
Moderate High Risk	C1
High Risk	C2
Very High Risk	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

CORPORATE DETAILS

Verified Address

Subject name LOYAMERE PTY LTD Business name / Other EASTON PEARSON / E.P. BY EASTON PEARSON Business address 110 Arthur Street Town Fortitude Valley Province Queensland Zip / Postal code 4006 Country Australia Telephone +61 7 33587200 Email eastonpearson@eastonpearson.com Website www.eastonpearson.com

Registered address 110 Arthur Street Town Fortitude Valley Province Queensland Zip / Postal code 4006 Country Australia

SUMMARY DETAILS

Report Summary

Date registered 01/12/2003 Legal form Australian Proprietary Company, Limited by Shares Key personnel Lydia Ann Pearson Line of business The Subject’s business consist of design, import, retail and distribution of women's clothing wear and accessories. Staff employed 15 employees

Paid-up capital AUD2.00

CREDIT RISK OUTLOOK

Credit Risk Interpretation

Credit risk theory Sufficient operational base. Small credits may be considered with some confidence that commitments will be sustained under normal circumstances. This is based on criterions such as years of establishment, number of employees and others. A cautious credit control policy applies. Paid-up capital AUD2.00

Subject’s Credit Risk Analysis

Country risk Country risk is minimal Operation trend Operational trend is steady Management experience Management is reasonably experienced Financial performance Financial performance is undetermined

Organisation structure Organisational structure is stable Detrimental No detrimental found Payment history No payment delays noted Credit amount requested Not described.

STATUTORY DETAILS

Registry Information

Date registered 01/12/2003 Legal form Australian Proprietary Company, Limited by Shares Registration number Australian Company Number: 107229569 Registered authority Australian Securities and Investments Commission Tax / VAT number Australian Business Number: 76107229569

Statutory status Active Previous name None reported Change of legal form None reported. Other registration EASTON PEARSON is a business name owned by the Subject registered on 03/08/2006 bearing registration number BN19970316. E.P. BY EASTON PEARSON is a business name owned by the Subject registered on 15/10/2007 bearing registration number BN20519187.

BOARD OF MANAGEMENT

Key Personnel

Name Lydia Ann Pearson Designation Managing Director Name Pamela Grace Easton Designation Joint Managing Director

+ BOARD OF DIRECTORS

Appointments

Name Lydia Ann Pearson Title Director Appointment date 01/12/03 Address 20 Dauphin Terrace Highgate Hill, QLD 4101 Australia Biography Born on 27/08/1957 in United Kingdom. Name Pamela Grace Easton Title Director and Company Secretary Appointment date 05/01/04 Address 7 Diddams Lane Brisbane, QLD 4000 Australia Biography Born on 23/04/1958 in Charters Towers, Queensland, Australia.

Staff employed 15 employees

SHARE CAPITAL

Composition

Authorized capital AUD2.00 Number / Type of shares 2 Ordinary Shares Share par value AUD1.00 Issued capital AUD2.00

Paid-up capital AUD2.00

OWNERSHIP / SHAREHOLDERS

Composition

How listed Full list Shareholder name Lydia Ann Pearson Address 20 Dauphin Terrace, Highgate Hill, QLD 4101, Australia Number / Type of shares 1 Ordinary Share Percentage (%) of shares 50% Shareholder name Pamela Grace Easton Address 7 Diddams Lane, Brisbane, QLD 4000, Australia Number / Type of shares 1 Ordinary Share Percentage (%) of shares 50%

CORPORATE AFFILIATIONS AND RELATED COMPANIES

Structure

Company name EASTON PEARSON PTY. LTD. Affiliation type Associate Country of business 110 Arthur Street, Fortitude Valley, QLD 4006, Australia

BANK AND MORTGAGES

Bank Details

Name of bank National Australia Bank Address Australia

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

Mortgages

None reported.

Legal Filings

Bankruptcy filings None reported. Court judgements None reported.

Tax liens None reported. Others None reported.

FINANCIAL STATISTICS

Remarks

The representative contacted Ms. Veronika Evans declined to provide any financial information until the inquiring party details are revealed. The Subject is classified as a small proprietary company by the Australian Securities & Investments Commission hence is not required to disclose their financial statement. A proprietary company is defined as small for a financial year if it satisfies at least two of the following: - The consolidated revenue for the financial year of the company and any entities it controls is less than $25 million; -The value of the consolidated gross assets at the end of the financial year of the company and any entities it controls is less than $12.5 million, and -The company and any entities it controls have fewer than 50 employees at the end of the financial year.

BUSINESS DETAILS

Operational Details

Main activities The Subject engages in design, import, retail and distribution of women's clothing wear and accessories. Brands EASTON PEARSON E.P. BY EASTON PEARSON

Purchases

International The Subject sources its product(s) / material(s) from countries such as India, China.

Sales

Local The Subject sells its product(s) locally.

International The Subject exports its product(s) to countries such as United Kingdom.

Business Facilities and Assets

Premises The Subject operates from the verified heading address consisting of a design studio, warehouse and an administrative office.

Branches In addition, the Subject operates from retail outlet(s) located at: 60 James Street, Fortitude Valley, QLD 4006 Australia Tel: +61 7 33586805 30 Glenmore Road, Paddington, NSW 2021 Australia Tel: +61 2 93314433

SUMMARIZED COUNTRY RISK

Gross Domestic Products (GDP) and Economic Overview

Central bank Reserve Bank of Australia Reserve of foreign exchange and gold US$ 46.714 billion Gross domestic product (GDP) US$ 1.586 trillion Purchasing power parity (GPP) 954.296 billion of International dollars GDP per capita (current prices) US$ 68,916 GDP composition by sector agriculture: 4% industry: 25.6% services: 70.4% Inflation 2010: 2.8% 2011: 3.4% 2012: 2.7% Unemployment rate 2010: 5.2% 2011: 5.1% 2012: 5.2%

Public debt (general Government gross debt as percentage (%) of GDP) 2010: 20.4% 2011: 22.9% 2012: 24% Government bond ratings Standard & Poors: AAA Moodys rating: Aaa Moodys outlook: STA Market value of publicly traded shares US$1.198 trillion Largest companies Qantas Airways (Airline),Coca-Cola Amatil (Beverages), CSL (Biotechs), Brambles (Business & Personal Services),Crown Ltd (Casinos & Gaming), Amcor (Containers & Packaging),Suncorp-Metway (Diversified Insurance), BHP Billiton (Diversified Metals & Mining),Newcrest Mining (Diversified Metals & Mining), Orica (Diversified Metals & Mining), Iluka Resources (Diversified Metals & Mining), Origin Energy (Electric Utilities), AGL Energy (Electric Utilities), Wesfarmers (Food Retail), Woolworths (Food Retail), Metcash (Food Retail), Macquarie Group (Investment services), AMP (Investment services), Challenger Ltd (Investment services), Fortescue Metals Group (Iron & Steel), Bluescope Steel (Iron & Steel), Commonwealth Bank (Major Banks), Westpac Banking Group (Major Banks), National Australia Bank (Major Banks), ANZ (Major Banks), Woodside Petroleum (Oil & Gas Operations), Santos (Oil & Gas Operations), Caltex Australia (Oil & Gas Operations), WorleyParsons (Oil Services & Equipment), Toll Holdings (Other Transportation), Transurban Group (Other Transportation), QBE Insurance Group (Property & Casualty Insurance), Insurance Australia Group (Property & Casualty Insurance), QR National (Railroads), Westfield Group (Real Estate), Stockland Australia (Real Estate), Westfield Retail Trust (Real Estate), Lend Lease (Real Estate), CFS Retail Property Trust (Real Estate), Goodman Group (Real Estate), Bendigo & Adelaide Bank (Regional Banks), Bank of Queensland (Regional Banks), Incitec Pivot (Specialized Chemicals), Telstra (Telecommunications Services)

Trade and Competitiveness Overview

Total exports US$263.9 billion Export commodities Coal, iron ore, gold, meat, wool, alumina, wheat, machinery and transport equipment Total imports US$239.7 billion Import commodities Machinery and transport equipment, computers and office machines, telecommunication equipment and parts; crude oil and petroleum products Best countries for doing business 10 out of 185 countries Global competitiveness ranking 20 (ranking by country on a basis of 144, the first is the best)

Major export partners China 27.4%, Japan 19.2%, South Korea 8.9%, India 5.8% Major import partners China 18.5%, US 11.4%, Japan 7.9%, Singapore 6.3%, Germany 4.7% FDI inflows 2009: US$26,554 million 2010: US$35,556 million 2011: US$41,317 million FDI outflows 2009: US$16,693 million 2010: US$12,791 million 2011: US$19,999 million

Country and Population Overview

Total population 22.68 million Total area 7,692,024 km2 Capital Canberra

Currency Australian dollars (AUD) Internet users as percentage (%) of total population 79%

PAYMENT OUTLOOK

Purchases Term

International Telegraphic transfer, Credit 30-90 days

Sales Term

Local Cash, Credit Card, Credit 30-90 days

International Telegraphic transfer, Credit 30-60 days

Trade Reference / Payment Behaviour

Comments As local and international trade references were not supplied, the Subject's payment track record history cannot be appropriately determined but based on our research, payments are believed to be met without delay.

Investigation Note

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. 60.00
UK Pound	1	Rs. 102.04
Euro	1	Rs. 81.71

INFORMATION DETAILS

Analysis Done by :	RSM
Report Prepared by :	DPT

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.