MIRA INFORM REPORT

Report No. :	350291
Report Date :	27.11.2015

IDENTIFICATION DETAILS

Name :	PARAGON CLOTHING LIMITED

Registered Office :	Lynton House7-12 Tavistock Squarelondonwc1h 9bq

Country :	United Kingdom

Financials (as on) :	31.12.2014

Date of Incorporation :	02.05.1990

Com. Reg. No.:	02498196

Legal Form :	Private limited with Share Capital

Line of Business :	Wholesale of Clothing and Footwear

No. of Employee :	37 (2014)

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 :	Slow but correct

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, 2015

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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. 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 has been a net importer of energy since 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.

In 2008, 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. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which aimed to lower London's budget deficit from about 11% of GDP in 2010 to nearly 1% by 2015. 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 20% by 2015. However, the deficit still remains one of the highest in the G7, standing at 6.0% in 2014.

In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.7% and in 2014, 2.6%, accelerating unexpectedly because of greater consumer spending and a recovering housing market.

The Bank of England (BoE) implemented an asset purchase program of �375 billion (approximately $586 billion) as of December 2014. 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

Company Name and Address

PARAGON CLOTHING LIMITED

LYNTON HOUSE7-12 TAVISTOCK SQUARELONDONWC1H 9BQ

Company No

02498196

Company Status

Active - Accounts Filed

Company Summary

Registered Address LYNTON HOUSE
7-12 TAVISTOCK SQUARE
LONDON
WC1H 9BQ

Trading Address Lynton House
7-12 Tavistock Square
London
WC1H 9BQ

Office Address Paragon House, 17-19,

Peterborough Road, Horrow on the Road,

Middlesex HA1 2AX (U.K.),

United Kingdom

Website Address http://www.paragonclothing.co.uk

Telephone Number -

Fax Number

TPS -

FPS No

Incorporation Date 02/05/1990

Previous Name

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 25/09/2015

Currency GBP

Share Capital £112

SIC07 46420

Charity Number -

SIC07 Description WHOLESALE OF CLOTHING AND FOOTWEAR

Principal Activity Wholesale of clothing.

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

31/12/2014 £15,629,377 £1,693,911 £6,965,246 37

31/12/2013 £17,727,062 £3,707,582 £7,228,867 32

31/12/2012 £17,911,345 £3,848,331 £5,165,179 27

Mortgage Summary

Total Mortgage 8

Outstanding 7

Satisfied 1

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 0

Total Value of Documented Trade £0

Commentary

This company has been treated as a Medium company in respect of the rating/limit generated.

This company's ratio of total liabilities to total assets indicates the presence of moderate equity funding.

This company's return on total assets employed ratio indicates a highly efficient use of assets.

The company has more cash than short term bank borrowings.

This company trades in an industry with a lower level of corporate failures.

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 -	-

Total Current Directors	3
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	1

Current Directors

Name	Mario Buhus-Orwin	Date of Birth	15/08/1949
Officers Title	Mr	Nationality	British
Present Appointments	10	Function	Director
Appointment Date	02/05/1991
Address	10 Ingleby Drive, Harrow, Middlesex, HA1 3LE

Name	Michelle Anne Ward	Date of Birth	07/05/1963
Officers Title	Mrs	Nationality	British
Present Appointments	4	Function	Director
Appointment Date	12/07/1993
Address	76 Drayton Gardens, London, W13 0LQ

Name	Victoria Cecilia Gheorghe	Date of Birth	10/03/1960
Officers Title	Mrs	Nationality	British
Present Appointments	11	Function	Director
Appointment Date	01/05/2001
Address	10 Ingleby Drive, Harrow, Middlesex, HA1 3LE

Current Company Secretary

Name	Victoria Cecilia Gheorghe	Date of Birth	10/03/1960
Officers Title	Mrs	Nationality	British
Present Appointments	11	Function	Company Secretary
Appointment Date	15/06/1994
Address	10 Ingleby Drive, Harrow, Middlesex, HA1 3LE

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
MAZZURO GROUP LTD	GBP	65	ORDINARY A	1	58.04
MAZZURO GROUP LTD	GBP	35	ORDINARY B	1	31.25
MAZZURO GROUP LTD	GBP	12	ORDINARY C	1	10.71

Profit & Loss

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	30/04/12	(%)	30/04/11
	Weeks	52	(%)	52	(%)	35	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Turnover	£15,629,377	-11.8%	£17,727,062	-1%	£17,911,345	31.6%	£13,612,983	-12.3%	£15,522,675
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Cost of Sales	£11,759,152	-3.4%	£12,178,125	-4.9%	£12,799,287	33.9%	£9,561,838	-18.4%	£11,712,097
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Gross Profit	£3,870,225	-30.3%	£5,548,937	8.5%	£5,112,058	26.2%	£4,051,145	6.3%	£3,810,578
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Wages & Salaries	£1,367,846	8.8%	£1,257,378	64%	£766,764	13.5%	£675,734	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Directors Emoluments	£114,127	-4.2%	£119,127	29.4%	£92,085	-43.2%	£162,127	-0.7%	£163,308
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Operating Profit	£1,722,371	-54.1%	£3,752,638	-4.2%	£3,919,190	39%	£2,819,608	-4.8%	£2,962,024
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Depreciation	£49,984	-16.3%	£59,719	36.2%	£43,851	-36%	£68,541	404%	£13,600
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Audit Fees	£24,600	40.6%	£17,500	45.8%	£12,000	-13%	£13,800	4.1%	£13,260
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Interest Payments	£29,003	-40.3%	£48,584	-31.9%	£71,331	75.5%	£40,639	-3%	£41,888
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Pre Tax Profit	£1,693,911	-54.3%	£3,707,582	-3.7%	£3,848,331	37.2%	£2,804,176	-4%	£2,921,288
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Taxation	-£337,943	57.2%	-£788,894	15.2%	-£930,397	-26.7%	-£734,501	10.5%	-£820,379
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Profit After Tax	£1,355,968	-53.5%	£2,918,688	0%	£2,917,934	41%	£2,069,675	-1.5%	£2,100,909
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Dividends Payable	£1,619,589	89.4%	£855,000	-31.5%	£1,248,598	49.2%	£837,000	-34.4%	£1,275,000
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Retained Profit	-£263,621	-112.8%	£2,063,688	23.6%	£1,669,336	35.4%	£1,232,675	49.3%	£825,909

Balance Sheet

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	30/04/12	(%)	30/04/11
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Tangible Assets	£1,219,475	12.7%	£1,081,737	327.8%	£252,887	5%	£240,941	408.3%	£47,399
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Total Fixed Assets	£1,219,475	12.7%	£1,081,737	327.8%	£252,887	5%	£240,941	408.3%	£47,399
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Stock	£1,025,541	112.8%	£481,937	45.2%	£331,921	58.5%	£209,366	-26.4%	£284,320
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Trade Debtors	£3,547,938	-21%	£4,490,207	-17.8%	£5,461,265	416.2%	£1,058,053	69.1%	£625,830
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Cash	£3,856,139	242.8%	£1,125,020	-56.5%	£2,588,391	43.3%	£1,806,848	-9.9%	£2,006,428
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Other Debtors	£924,101	94.5%	£475,015	267.2%	£129,352	-69.1%	£418,893	175.5%	£152,073
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Miscellaneous Current Assets	£1,240,000	-	£1,240,000	-	£1,240,000	-	£1,240,000	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Total Current Assets	£10,593,719	35.6%	£7,812,179	-19.9%	£9,750,929	106%	£4,733,160	54.2%	£3,068,651
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Trade Creditors	£482,823	53.7%	£314,163	-59.4%	£773,084	56.7%	£493,404	112%	£232,701
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts	£3,529,827	999.9%	£270,206	-90.4%	£2,823,475	504.6%	£466,994	999.9%	£6,818
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Other Short Term Finance	£1,059	-93.4%	£16,082	162.8%	£6,119	-46.5%	£11,438	506.8%	£1,885
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Miscellaneous Current Liabilities	£825,669	-21.5%	£1,052,352	-13.5%	£1,216,293	149.9%	£486,756	-20.4%	£611,478
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Total Current Liabilities	£4,839,378	192.8%	£1,652,803	-65.7%	£4,818,971	230.4%	£1,458,592	71%	£852,882
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	£3,538,397	999.9%	£282,452	-90.1%	£2,843,141	484.2%	£486,660	999.9%	£6,818
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Total Long Term Liabilities	£8,570	-30%	£12,246	-37.7%	£19,666	-	£19,666	-	0

Capital & Reserves

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	30/04/12	(%)	30/04/11
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Called Up Share Capital	£112	-	£112	-	£112	-	£112	-	£112
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	P & L Account Reserve	£6,965,134	-3.6%	£7,228,755	40%	£5,165,067	47.8%	£3,495,731	54.5%	£2,263,056
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Sundry Reserves	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Shareholder Funds	£6,965,246	-3.6%	£7,228,867	40%	£5,165,179	47.8%	£3,495,843	54.5%	£2,263,168

Other Financial Items

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	30/04/12	(%)	30/04/11
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Net Worth	£6,965,246	-3.6%	£7,228,867	40%	£5,165,179	47.8%	£3,495,843	54.5%	£2,263,168
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Working Capital	£5,754,341	-6.6%	£6,159,376	24.9%	£4,931,958	50.6%	£3,274,568	47.8%	£2,215,769
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Total Assets	£11,813,194	32.8%	£8,893,916	-11.1%	£10,003,816	101.1%	£4,974,101	59.6%	£3,116,050
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Total Liabilities	£4,847,948	191.2%	£1,665,049	-65.6%	£4,838,637	227.3%	£1,478,258	73.3%	£852,882
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Net Assets	£6,965,246	-3.6%	£7,228,867	40%	£5,165,179	47.8%	£3,495,843	54.5%	£2,263,168

Cash Flow

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	30/04/12	(%)	30/04/11
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Net Cashflow from Operations	-	-	-	-	£400,316	-84.2%	£2,525,984	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Net Cashflow before Financing	-	-	-	100%	-£1,574,938	-138.7%	-£659,756	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Net Cashflow from Financing	-	-	-	-	£2,356,481	412.1%	£460,176	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Increase in Cash	-	-	-	-	£781,543	491.6%	-£199,580	-	-

Miscellaneous

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	30/04/12	(%)	30/04/11
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Capital Employed	£6,973,816	-3.7%	£7,241,113	39.7%	£5,184,845	47.5%	£3,515,509	55.3%	£2,263,168
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Number of Employees	37	15.6%	32	18.5%	27	58.8%	17	-	-
	Accountants
	Auditors	B S G VALENTINE
	Auditor Comments	The audit report contains no adverse comments
	Bankers	HSBC BANK PLC
	Bank Branch Code

Ratios

	Date Of Accounts	31/12/14	31/12/13	31/12/12	30/04/12	30/04/11
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Pre-tax profit margin %	10.84	20.91	21.49	20.60	18.82
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Current ratio	2.19	4.73	2.02	3.25	3.60
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Sales/Net Working Capital	2.72	2.88	3.63	4.16	7.01
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Gearing %	50.80	3.90	55	13.90	0.30
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Equity in %	59	81.30	51.60	70.30	72.60
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Creditor Days	11.24	6.45	10.57	13.19	5.45
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Debtor Days	82.62	92.20	74.70	28.29	14.67
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Liquidity/Acid Test	1.97	4.43	1.95	3.10	3.26
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Return On Capital Employed %	24.28	51.20	74.22	79.76	129.07
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Return On Total Assets Employed %	14.33	41.68	38.46	56.37	93.74
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Current Debt Ratio	0.69	0.22	0.93	0.41	0.37
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Total Debt Ratio	0.69	0.23	0.93	0.42	0.37
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Stock Turnover Ratio %	6.56	2.71	1.85	1.53	1.83
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\barchart-grey.png$	Return on Net Assets Employed %	24.31	51.28	74.50	80.21	129.07

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
08/10/2015	New Accounts Filed
08/10/2015	New Accounts Filed
07/06/2015	Annual Returns
14/10/2014	New Accounts Filed
14/10/2014	New Accounts Filed
21/06/2014	Annual Returns
19/06/2014	Change in Reg.Office
19/06/2014	Change of Company Postcode
03/06/2014	Annual Returns
15/10/2013	New Accounts Filed
15/10/2013	New Accounts Filed
14/05/2013	Annual Returns
10/01/2013	New Accounts Filed
10/01/2013	New Accounts Filed
25/05/2012	Annual Returns

Previous Company Names

No Previous Names found

Writ Details

No writs found

Statistics

Group	3 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	MAZZURO GROUP LTD
Ownership Status	Wholly Owned
Ultimate Holding Company	MAZZURO GROUP LTD

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\tminus.gif$ MAZZURO GROUP LTD	06552906	31.12.2014	Y	£15,631,726
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\T.gif$ PARAGON CLOTHING LIMITED	02498196	31.12.2014	N	£15,629,377
$Description: \\vivek-pc\123 Foreign Report Raw\PARAGON CLOTHING LIMITED_files\L.gif$ BESPOKE GARMENTS PROCE...	08507537	31.12.2014	N	£461,412

Mortgage Details

Mortgage Type:
Date Charge Created:	17/05/13
Date Charge Registered:	18/05/13
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC BANK PLC;
Amount Secured:
Details:	K/ANOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE.
Mortgage Type:	FIXED CHARGE ON NON-VESTING DEBTS AND FLOATING CHARGE
Date Charge Created:	18/03/13
Date Charge Registered:	19/03/13
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC INVOICE FINANCE (UK) LTD ("THE SECURITY HOLDER")
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THETERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	BY WAY OF FIRST FIXED CHARGE ALL DEBTS PURPORTEDLY ASSIGNED TO THE SECURITY HOLDER PURSUANT TO THE DEBT PURCHASE AGREEMENT. ALL ASSOCIATED RIGHTS RELATING TO ANY NON-VESTING DOMESTIC DEBTS AND NON-VESTING EXPORT DEBTS. BY WAY OF FIRST FIXED CHARGE THE EXCLUDED PROCEEDS AND BY WAY OF FIRST FLOATINGCHARGE ALL PRESENT AND FUTURE ASSETS UNDERTAKING AND ALL OTHER PROPERTY AND ASSETS. SEE IMAGE FOR FULL DETAILS

Mortgage Type:	A DEED OF CHARGE
Date Charge Created:	13/09/12
Date Charge Registered:	29/09/12
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	A FIRST FIXED CHARGE OVER ALL THE RIGHTS TITLE SHARE AND INTEREST OF THE COMPANY IN THE HSBC MARKETSELECTION SAVINGS ACCOUNT REFERERENCE NUMBER 10622652*2 INCLUDING THE COMPANY\S PRESENT AND FUTURE RIGHTS TO AND INTEREST IN ALL OF THE AMOUNTS FROM TIME TO TIME DEPOSITED INTO THE ACCOUNT LESS THAT WHICH IS THE HSBC\S AGREEMENT DEBITED TO THE SAID ACCOUNT TOGETHER WITH ALL ENTITLEMENTS OF THE COMPANY TO INTEREST INCOME CAPITAL GROWTH AND OTHER RIGHTS AND BENEFITS ACCRUING OR ARISING IN CONNECTIONTHEREWITH
Mortgage Type:	DEED OF CHARGE
Date Charge Created:	01/09/11
Date Charge Registered:	03/09/11
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	FIXED CHARGE IN THE HSBC STOCK MARKET SAVINGS ACCOUNT REF 622652*2 SEE IMAGE FOR FULL DETAILS

Mortgage Type:	DEBENTURE
Date Charge Created:	16/12/09
Date Charge Registered:	18/12/09
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY
Mortgage Type:	DEED OF CHARGE
Date Charge Created:	12/02/07
Date Charge Registered:	14/02/07
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ALL RIGHT TITLE AND INTEREST OF THE COMPANY IN THE BANK OF IRELAND (I.O. M.) LIM SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	FIXED AND FLOATING CHARGE
Date Charge Created:	13/07/95
Date Charge Registered:	15/07/95
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	MIDLAND BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING UNCALLED CAPITAL GOODWILL BOOKDEBTS AND PATENTS
Mortgage Type:	LEGAL CHARGE
Date Charge Created:	30/05/95
Date Charge Registered:	07/06/95
Date Charge Satisfied:	31/07/07
Status:	SATISFIED
Person(s) Entitled:	LITTLEWOODS SERVICES LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ALL BOOK AND OTHER DEBTS NOW OR OWING TO THE COMPANY TOGETHER WITH THE FULL BENEFIT OF ALL GUARANTEES, SECURITIES AND INDEMNITIES SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
TEMPLE SECRETARIES LIMITED	11620	198021
Average Invoice Value		Ł92.37
Invoices available		179
Paid		178
Outstanding		1

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	25	84	52	12	5
Outstanding	0	0	1	0	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.55
UK Pound	1	Rs.100.64
Euro	1	Rs.70.70
GBP	1	Rs.100.41

INFORMATION DETAILS

Analysis Done by :	KIN

Report Prepared by :	TRU

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.