MIRA INFORM REPORT

Report Date :

04.09..2014

IDENTIFICATION DETAILS

Name :	MONSOON ACCESSORIZE LIMITED

Formerly Known As :	MONSOON LIMITED

Registered Office :	1 Nicholas Road London, W11 4AN

Country :	United Kingdom

Financials (as on) :	31.08.2013

Date of Incorporation :	22.02.1973

Legal Form :	Private Limited with Share Capital

Line of Business :	Sale of Women’s, Men’s and Children’s clothing, accessories, Homeware and Gifts.

No of Employees :	3033

RATING & COMMENTS

MIRA’s Rating :

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 – June 1, 2014

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

United Kingdom

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. 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

MONSOON ACCESSORIZE LIMITED

DIRECTORS/MANAGEMENT

Current Directors

Name	Anton Dermot Simon	Date of Birth	24/09/1952
Officers Title	Mr	Nationality	British
Present Appointments	11	Function	Director
Appointment Date	25/04/2006
Address	8 Chepstow Villas, London, W11 2RB
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Mark Grahame Holloway	Date of Birth	12/11/1963
Officers Title	Mr	Nationality	British
Present Appointments	14	Function	Director
Appointment Date	27/07/2012
Address	1 Nicholas Road, London, W11 4AN
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	John Browett	Date of Birth	10/12/1963
Officers Title	Mr	Nationality	British
Present Appointments	7	Function	Director
Appointment Date	02/05/2013
Address	1 Nicholas Road, London, W11 4AN
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Paul Christopher Allen	Date of Birth	28/05/1964
Officers Title	Mr	Nationality	Irish
Present Appointments	6	Function	Director
Appointment Date	05/02/2014
Address	1 Nicholas Road, London, W11 4AN
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Current Company Secretary

Name	Rosalynde Victoria Harrison	Date of Birth	-
Officers Title		Nationality	British
Present Appointments	3	Function	Company Secretary
Appointment Date	21/05/2003
Address	103 Saint Kilda Road, West Ealing, London, W13 9DF

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Andrew John May	9	10
Andrew John May	9	10
John Sebastian Fitzroy Spooner	0	3
Carole Robb	0	1
Nigel Jonathan Voss	0	2
Mark McMenemy	11	98
Peter Michael Simon	2	10
Peter Michael Simon	2	10
Rose Foster	0	4
John Robert Morton Clark	1	31
Steven John Back	13	63
Mark John Vandenberghe	4	4
Matthew Hudson	0	4
Peter Ridler	1	4

NEGATIVE INFORMATION

Mortgage Summary

Total Mortgage 8

Outstanding 1

Satisfied 7

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 0

Total Value of Documented Trade £0

CCJ

Total Number of Exact CCJs -	1	Total Value of Exact CCJs -	£2,271
Total Number of Possible CCJs -	2	Total Value of Possible CCJs -	£6,988
Total Number of Satisfied CCJs -	4	Total Value of Satisfied CCJs -	£2,494
Total Number of Writs -	-

Exact CCJ Details

Date	Court	Amount	Status	Case Number	Date Paid
30/08/2011	NORTHAMPTON CCBC	£805	Satisfied	1XB21010	07/11/2013
30/06/2011	NORTHAMPTON CCBC	£1,166	Satisfied	1QT54842	26/08/2011
27/05/2011	NORTHAMPTON CCBC	£394	Satisfied	1XC65835	04/07/2011
11/04/2011	NORTHAMPTON CCBC	£129	Satisfied	1XZ59322	05/07/2011
17/02/2011	KINGSTON UPON HULL	£2,271	Judgement	1KH00211	-

Possible CCJ Details

Date	Court	Amount	Status	Case Number	Date Paid	Registered CCJ / CJ Details
13/08/2013	LANARK	£833	Judgement	SA112/13	-	T/A MONSOON, 1-5 CARNWATH RD, CARLUKE, ML8 4DF, ML8 4DF, ML8 4DF
08/08/2012	NORTHAMPTON CCBC	£6,155	Judgement	2XF39415	-	T/AS MONSOON, 7 RYTON STREET, WORKSOP, S80 2AY, S80 2AY, S80 2AY

Writ Details

No writs found.

Mortgage Details

Mortgage Type:	CHARGE OF DEPOSIT
Date Charge Created:	13/07/10
Date Charge Registered:	23/07/10
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	THE ROYAL BANK OF SCOTLAND PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ALL DEPOSITS NOW AND IN THE FUTURE CREDITED TO ACCOUNTS AND ANY DEPOSIT OR ACCOUNT OF ANY OTHER CURRENCY DESCRIPTION ORDESIGNATION WHICH DERIVES IN WHOLE OR IN PART FROM SUCH DEPOSITS OR ACCOUNT

Mortgage Type:	CHARGE OVER CREDIT BALANCE
Date Charge Created:	19/11/82
Date Charge Registered:	25/11/82
Date Charge Satisfied:	25/11/82
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE IN RELATION TOA GUARANTEE STERLINGPOUNDS 500,000 IN JOWAR OF TEXTILE FINANCE LIMITED
Details:	THE SUM OF £300,000 TOGETHER WITH INTEREST ACCRUED HELD BY THE BANK ON AC ACCOUNT IN THE NAME OF THE BANK.

Mortgage Type:	ASSIGNMENT
Date Charge Created:	28/05/82
Date Charge Registered:	03/06/82
Date Charge Satisfied:	03/06/82
Status:	SATISFIED
Person(s) Entitled:	ALLIED BANK INTERNATIONAL
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF A LOAN AGREEMENTDATED 9.7.81
Details:	RENTAL PAYMENTS DUE UNDER A LEASE AGREMENTS DATED 28TH MAY, 1982 (SEE DOC M 28)

Mortgage Type:	SECURITY ASSIGNMENT
Date Charge Created:	17/11/81
Date Charge Registered:	30/11/81
Date Charge Satisfied:	30/11/81
Status:	SATISFIED
Person(s) Entitled:	ALLIED BANK INTERNATIONAL
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF A LOAN AGREEMENTDATED 9.7.81
Details:	RENTAL PAYMENTS DUE UNDER A LEASE AGREEMENT DATED 29.5.81 AS VARIED. (SEE DOC M27)

Mortgage Type:	SECURITY ASSIGNMENT
Date Charge Created:	17/11/81
Date Charge Registered:	30/11/81
Date Charge Satisfied:	30/11/81
Status:	SATISFIED
Person(s) Entitled:	ALLIED BANK INTERNATIONAL
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF A LOAN AGREEMENTDATED 9.7.81
Details:	RENTAL PAYMENTS DUE UNDER A LEASE AGREEMENTS ATED 22.5.81

Mortgage Type:	CHARGE
Date Charge Created:	19/06/81
Date Charge Registered:	25/06/81
Date Charge Satisfied:	25/06/81
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	BENEFIT OF AN AGREEMENT DATED 30.5.80

Mortgage Type:	CHARGE
Date Charge Created:	19/06/81
Date Charge Registered:	25/06/81
Date Charge Satisfied:	25/06/81
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	BENEFIT OF AN AGREEMENT DATED 30.5.80 (SEE OC 724)

Mortgage Type:	CHARGE
Date Charge Created:	19/06/81
Date Charge Registered:	25/06/81
Date Charge Satisfied:	25/06/81
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	BENEFIT OF AN AGREEMENT DATED 30.5.80 (SEE DOC M23)

SHARE & SHARE CAPITAL INFORMATION

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
MONSOON HOLDINGS LTD	GBP	100,000	ORDINARY	1	100

GROUP STRUCTURE & AFFILIATED COMPANIES

Group structure

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
BALMAIN INVEST & TRADE INC	N/A	-	-
MONSOON HOLDINGS (JERS...	N/A	-	-
DRILLGREAT LIMITED	06292597	31.08.2013	Y	£551,884,000
MONSOON JAPAN LIMITED	06678846	31.08.2013	N
MONSOON LIMITED	02585514	31.08.2013	N
MONSOON HOLDINGS...	01200163	31.08.2013	N
MONSOON ACCESSO...	01098034	31.08.2013	N	£511,268,000
MONSOON ACCES...	IE057468	31.08.2013	N
MONSOON ACC...	IE382304	31.08.2013	N	€18,546,595
MONSOON ACCESSO...	05661685	30.08.2013	N

FINANCIAL INFORMATION

Profit & Loss

Date Of Accounts	31/08/13	(%)	25/08/12	(%)	27/08/11	(%)	28/08/10	(%)	29/08/09
Weeks	53	(%)	52	(%)	52	(%)	52	(%)	52
Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
Turnover	£511,268,000	4.1%	£490,898,000	-11.7%	£555,734,000	-1.1%	£561,749,218	4%	£540,393,146
Export	£58,373,000	9.3%	£53,413,000	-10%	£59,347,000	23.2%	£48,165,920	49.6%	£32,198,070
Cost of Sales	£236,447,000	3.6%	£228,298,000	-1.1%	£230,938,000	3.9%	£222,357,957	-5%	£234,151,472
Gross Profit	£274,821,000	4.7%	£262,600,000	-19.1%	£324,796,000	-4.3%	£339,391,261	10.8%	£306,241,674
Wages & Salaries	£70,602,000	10%	£64,188,000	-10.1%	£71,373,000	-5.3%	£75,385,517	3.5%	£72,848,118
Directors Emoluments	£459,000	-	-	-	-	-	-	-	-
Operating Profit	£46,277,000	-79.7%	£228,298,000	143.9%	£93,591,000	-5%	£98,478,467	236.8%	£29,238,235
Depreciation	£13,505,000	-18.3%	£16,537,000	-18.4%	£20,256,000	-6.8%	£21,729,989	-4.5%	£22,755,727
Audit Fees	£178,000	7.9%	£165,000	3.1%	£160,000	-21.6%	£204,000	-3.8%	£212,000
Interest Payments	£4,178,000	-22.5%	£5,392,000	13.8%	£4,739,000	1.4%	£4,672,035	-54.8%	£10,343,011
Pre Tax Profit	£46,049,000	294.8%	£11,663,000	-88.9%	£105,133,000	7%	£98,225,288	252%	£27,908,685
Taxation	-£12,208,000	-14.7%	-£10,646,000	72.2%	-£38,290,000	-44.8%	-£26,444,215	-370.7%	-£5,617,911
Profit After Tax	£33,841,000	999.9%	£1,017,000	-98.5%	£66,843,000	-6.9%	£71,781,073	222%	£22,290,774
Dividends Payable	£7,200,000	11.8%	£6,440,000	-96.1%	£163,786,000	189.9%	£56,500,000	-26.2%	£76,521,062
Retained Profit	£26,641,000	591.3%	-£5,423,000	94.4%	-£96,943,000	-734.4%	£15,281,073	128.2%	-£54,230,288

Balance Sheet

Date Of Accounts	31/08/13	(%)	25/08/12	(%)	27/08/11	(%)	28/08/10	(%)	29/08/09
Tangible Assets	£45,826,000	-15.6%	£54,300,000	-25.9%	£73,244,000	-8.5%	£80,074,382	-13.5%	£92,534,997
Intangible Assets	£95,000	-36.7%	£150,000	-32.4%	£222,000	-84.2%	£1,407,114	-10.7%	£1,575,650
Total Fixed Assets	£45,921,000	-15.7%	£54,450,000	-25.9%	£73,466,000	-9.8%	£81,481,496	-13.4%	£94,110,647
Stock	£63,647,000	-5.9%	£67,615,000	-3.7%	£70,218,000	13.7%	£61,760,519	4%	£59,396,755
Trade Debtors	£23,068,000	-18.5%	£28,293,000	17.9%	£24,004,000	60.7%	£14,932,861	21.8%	£12,262,858
Cash	£64,612,000	110.8%	£30,650,000	-27.9%	£42,508,000	-63.1%	£115,104,645	15.1%	£100,008,132
Other Debtors	£268,350,000	-1.6%	£272,619,000	-3.7%	£282,953,000	3.5%	£273,353,988	-4.8%	£287,201,451
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	£419,677,000	5.1%	£399,177,000	-4.9%	£419,683,000	-9.8%	£465,152,013	1.4%	£458,869,196
Trade Creditors	£52,156,000	-14.8%	£61,215,000	3.6%	£59,100,000	-3.8%	£61,463,150	25.3%	£49,049,664
Bank Loans & Overdrafts	£3,279,000	79.7%	£1,825,000	-48%	£3,510,000	-63.8%	£9,706,678	-7.6%	£10,508,858
Other Short Term Finance	£277,737,000	-3.2%	£286,997,000	-9.9%	£318,374,000	22.5%	£259,833,083	-10.9%	£291,647,943
Miscellaneous Current Liabilities	£68,888,000	4.9%	£65,669,000	-3.3%	£67,937,000	5.4%	£64,450,647	-21.9%	£82,523,817
Total Current Liabilities	£402,060,000	-3.3%	£415,706,000	-7.4%	£448,921,000	13.5%	£395,453,558	-8.8%	£433,730,282
Bank Loans & Overdrafts and LTL	£10,804,000	4.1%	£10,374,000	-19.8%	£12,943,000	-55.6%	£29,148,114	119.1%	£13,300,978
Other Long Term Finance	0	-	0	-	0	-100%	£1,819,585	-34.8%	£2,792,120
Total Long Term Liabilities	£7,525,000	-12%	£8,549,000	-9.4%	£9,433,000	-51.5%	£19,441,436	596.3%	£2,792,120

Capital & Reserves

Date Of Accounts	31/08/13	(%)	25/08/12	(%)	27/08/11	(%)	28/08/10	(%)	29/08/09
Called Up Share Capital	£100,000	-	£100,000	-	£100,000	-	£100,000	-	£100,000
P & L Account Reserve	£55,913,000	91%	£29,272,000	-15.6%	£34,695,000	-73.6%	£131,638,515	13.1%	£116,357,441
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	£56,013,000	90.7%	£29,372,000	-15.6%	£34,795,000	-73.6%	£131,738,515	13.1%	£116,457,441

Other Financial Items

Date Of Accounts	31/08/13	(%)	25/08/12	(%)	27/08/11	(%)	28/08/10	(%)	29/08/09
Net Worth	£55,918,000	91.4%	£29,222,000	-15.5%	£34,573,000	-73.5%	£130,331,401	13.4%	£114,881,791
Working Capital	£17,617,000	206.6%	-£16,529,000	43.5%	-£29,238,000	-141.9%	£69,698,455	177.3%	£25,138,914
Total Assets	£465,598,000	2.6%	£453,627,000	-8%	£493,149,000	-9.8%	£546,633,509	-1.1%	£552,979,843
Total Liabilities	£409,585,000	-3.5%	£424,255,000	-7.4%	£458,354,000	10.5%	£414,894,994	-5%	£436,522,402
Net Assets	£56,013,000	90.7%	£29,372,000	-15.6%	£34,795,000	-73.6%	£131,738,515	13.1%	£116,457,441

Cash Flow

Date Of Accounts	31/08/13	(%)	25/08/12	(%)	27/08/11	(%)	28/08/10	(%)	29/08/09
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	31/08/13	(%)	25/08/12	(%)	27/08/11	(%)	28/08/10	(%)	29/08/09
Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
Capital Employed	£63,538,000	67.6%	£37,921,000	-14.3%	£44,228,000	-70.7%	£151,179,951	26.8%	£119,249,561
Number of Employees	3033	2.6%	2956	-20.8%	3731	-2.9%	3841	-3.1%	3965
Auditors	BDO LLP
Auditor Comments	The audit report contains no adverse comments
Bankers	BARCLAYS BANK PLC
Bank Branch Code	20-00-00

Ratios

Date Of Accounts	31/08/13	25/08/12	27/08/11	28/08/10	29/08/09
Pre-tax profit margin %	9.01	2.38	18.92	17.49	5.16
Current ratio	1.04	0.96	0.93	1.18	1.06
Sales/Net Working Capital	29.02	-29.70	-19.01	8.06	21.50
Gearing %	19.30	35.30	37.20	22.10	11.40
Equity in %	12	6.50	7.10	24.20	21.10
Creditor Days	37.84	45.39	38.70	39.82	33.03
Debtor Days	16.73	20.97	15.72	9.67	8.26
Liquidity/Acid Test	0.88	0.79	0.77	1.02	0.92
Return On Capital Employed %	72.47	30.75	237.70	64.97	23.40
Return On Total Assets Employed %	9.89	2.57	21.31	17.96	5.04
Current Debt Ratio	7.17	14.15	12.90	3	3.72
Total Debt Ratio	7.31	14.44	13.17	3.14	3.74
Stock Turnover Ratio %	12.44	13.77	12.63	10.99	10.99
Return on Net Assets Employed %	82.21	39.70	302.14	74.56	23.96

FOREIGN EXCHANGE RATES

N/a

ADDITIONAL INFORMATION

Status History

No Status History found.

Event History

Date	Description
19/07/2014	Annual Returns
17/02/2014	New Board Member Mr P. Allen appointed
14/02/2014	New Accounts Filed
14/02/2014	New Accounts Filed
17/06/2013	Annual Returns
06/05/2013	New Board Member Mr J. Browett appointed
17/04/2013	New Accounts Filed
17/04/2013	New Accounts Filed
06/08/2012	Mr P. Ridler has left the board
06/08/2012	New Board Member Mr M.G. Holloway appointed
24/07/2012	Mr S.J. Back has left the board
26/06/2012	Annual Returns
02/06/2012	New Accounts Filed
02/06/2012	New Accounts Filed
02/07/2011	Annual Returns

Previous Company Names

Date	Previous Name
13/01/1998	MONSOON LIMITED
15/10/1986	MONSOON FASHIONS LIMITED
31/12/1977	SILTROP LIMITED

NOTES & COMMENTS

Commentary

Sales in the latest trading period increased 4.1% on the previous trading period.
Net Worth increased by 91.4% during the latest trading period.
A 2.6% growth in Total Assets occurred during the latest trading period.

Multiple CCJ's recorded against the company.
Pre-tax profits increased by 294.8% compared to the previous trading period.
The company saw an increase in their Cash Balance of 110.8% during the latest trading period.
The audit report contains no adverse comments.
The company has undergone recent changes in its directorships.
The company is part of a group.
The company was established over 41 years ago.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.54
UK Pound	1	Rs.99.73
Euro	1	Rs.79.54

INFORMATION DETAILS

Analysis Done by :	SUB

Report Prepared by :	SHG

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.

Name	Number	Latest Key Financials	Turnover
MONSOON ACCESSORIZE SARL	482201233	31.08.2013	€16,021,611
MONSOON ACCESSORIZE GMBH	HRB 5470	31.08.2013