MIRA INFORM REPORT

Report No. :	345718
Report Date :	24.10.2015

IDENTIFICATION DETAILS

Name :	FRENCH CONNECTION LIMITED

Formerly Known As :	FRENCH CONNECTION LIMITED (THE)

Registered Office :	20-22 Bedford Rowlondonwc1R 4JS

Country :	United Kingdom

Financials (as on) :	31.01.2015

Date of Incorporation :	01.09.1972

Com. Reg. No.:	01069342

Legal Form :	Private limited with Share Capital

Line of Business :	Management consultancy activities other than financial management The design of fashion clothing and accessories and the management, licensing and franchising of its brands.

No. of Employee :	Not Available

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 :	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

FRENCH CONNECTION LIMITED

Company No

01069342

Registered Address

20-22 BEDFORD ROWLONDONWC1R 4JS

Company Summary

Registered Address

20-22 BEDFORD ROW, LONDON, WC1R 4JS

Trading Address

20-22 Bedford Row, London, WC1R 4JS

Centro One, 39 Camden Street, London, , NW1 0DX

Tel. No.: 020 70367200

Website Address http://www.frenchconnection.com

Telephone Number -

Fax Number

TPS -

FPS No

Incorporation Date 01/09/1972

Previous Name FRENCH CONNECTION LIMITED (THE)

Type Private limited with Share Capital

FTSE Index -

Date of Change 07/08/1992

Filing Date of Accounts 07/07/2015

Currency GBP

Share Capital £50,000

SIC07 70229

Charity Number -

SIC07 Description MANAGEMENT CONSULTANCY ACTIVITIES OTHER THAN FINANCIAL MANAGEMENT

Principal Activity The design of fashion clothing and accessories and the management, licensing and franchising of its brands.

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

31/01/2015 £8,861,000 £885,000 £10,193,000 -

31/01/2014 £8,077,000 -£1,708,000 £38,282,000 -

31/01/2013 £8,446,000 -£2,007,000 £39,852,000 -

Mortgage Summary

Total Mortgage 11

Outstanding 0

Satisfied 11

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 3

Total Value of Documented Trade £6,533

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 strong equity funding.

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

This company has only made late payments on a low percentage of invoices.

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

CCJ

Total Number of Exact CCJs -	1	Total Value of Exact CCJs -	£1,411
Total Number of Possible CCJs -	1	Total Value of Possible CCJs -	£508
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	5

Current Directors

Name	Stephen Anthony Solomon Marks	Date of Birth	23/05/1946
Officers Title	Mr	Nationality	British
Present Appointments	26	Function	Director
Appointment Date	07/07/1992
Address	39-41 Egerton Terrace, London, SW3 2BU

Name	Neil Pryce Williams	Date of Birth	08/09/1964
Officers Title	Mr	Nationality	British
Present Appointments	21	Function	Director
Appointment Date	15/12/2000
Address	Beech Hurst Tyrrells Wood, Leatherhead, Surrey, KT22 8QJ

Name	Adam Castleton	Date of Birth	13/03/1964
Officers Title	Mr	Nationality	British
Present Appointments	12	Function	Director
Appointment Date	12/08/2013
Address	20-22 Bedford Row, London, WC1R 4JS

Current Company Secretary

Name	Dinesh Raichand Shah	Date of Birth	12/01/1951
Officers Title		Nationality	British
Present Appointments	19	Function	Company Secretary
Appointment Date	07/07/1992
Address	4 Chantry Close, Harrow, Middlesex, HA3 9QZ

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
FRENCH CONNECTION GROUP PLC	GBP	49,999	ORDINARY	1	100
MR STEPHEN ANTHONY SOLOMON MARKS	GBP	1	ORDINARY	1	0

Financials

PROFIT & LOSS

Date Of Accounts	31/01/15	(%)	31/01/14	(%)	31/01/13	(%)	31/01/12	(%)	31/01/11
Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
Turnover	£8,861,000	9.7%	£8,077,000	-4.4%	£8,446,000	-17.1%	£10,187,000	-0.1%	£10,197,000
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	£10,197,000
Wages & Salaries	£3,158,000	-3.9%	£3,286,000	-2.6%	£3,373,000	-2.1%	£3,446,000	-	-
Directors Emoluments	-	-	£99,000	-	-	-	£123,000	55.7%	£79,000
Operating Profit	£885,000	151.7%	-£1,711,000	13.9%	-£1,988,000	-76.6%	-£1,126,000	-999.9%	£23,000
Depreciation	-	-	-	-	-	-	-	-	-
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-100%	£19,000	-20.8%	£24,000	-	-
Pre Tax Profit	£885,000	151.8%	-£1,708,000	14.9%	-£2,007,000	-74.5%	-£1,150,000	-999.9%	£23,000
Taxation	£1,026,000	643.5%	£138,000	250%	-£92,000	83.9%	-£570,000	-36.7%	-£417,000
Profit After Tax	£1,911,000	221.7%	-£1,570,000	25.2%	-£2,099,000	-22%	-£1,720,000	-336.5%	-£394,000
Dividends Payable	£30,000,000	-	-	-	-	-	-	-	-
Retained Profit	-£28,089,000	-999.9%	-£1,570,000	25.2%	-£2,099,000	-22%	-£1,720,000	-336.5%	-£394,000

BALANCE SHEET

Date Of Accounts	31/01/15	(%)	31/01/14	(%)	31/01/13	(%)	31/01/12	(%)	31/01/11
Tangible Assets	0	-	0	-	0	-100%	£9,000	-	£9,000
Intangible Assets	0	-	0	-	0	-	0	-	0
Total Fixed Assets	0	-	0	-	0	-100%	£9,000	-	£9,000
Stock	0	-	0	-	0	-	0	-	0
Trade Debtors	0	-	0	-	0	-	0	-	0
Cash	0	-	0	-	0	-	0	-	0
Other Debtors	£13,981,000	-66.4%	£41,647,000	-2.3%	£42,632,000	-3.8%	£44,317,000	-10.5%	£49,530,000
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	£13,981,000	-66.4%	£41,647,000	-2.3%	£42,632,000	-3.8%	£44,317,000	-10.5%	£49,530,000
Trade Creditors	0	-	0	-	0	-	0	-	0
Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
Other Short Term Finance	£3,355,000	14.5%	£2,930,000	27.7%	£2,295,000	39.9%	£1,641,000	-71.5%	£5,754,000
Miscellaneous Current Liabilities	£278,000	5.3%	£264,000	-5.4%	£279,000	-47.2%	£528,000	-	0
Total Current Liabilities	£3,633,000	13.7%	£3,194,000	24.1%	£2,574,000	18.7%	£2,169,000	-62.3%	£5,754,000
Bank Loans & Overdrafts and LTL	£155,000	-9.4%	£171,000	-17%	£206,000	-	£206,000	80.7%	£114,000
Other Long Term Finance	0	-	0	-	0	-	0	-	0
Total Long Term Liabilities	£155,000	-9.4%	£171,000	-17%	£206,000	-	£206,000	80.7%	£114,000

CAPITAL & RESERVES

Date Of Accounts	31/01/15	(%)	31/01/14	(%)	31/01/13	(%)	31/01/12	(%)	31/01/11
Called Up Share Capital	£50,000	-	£50,000	-	£50,000	-	£50,000	-	£50,000
P & L Account Reserve	£10,143,000	-73.5%	£38,232,000	-3.9%	£39,802,000	-5%	£41,901,000	-3.9%	£43,621,000
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	£10,193,000	-73.4%	£38,282,000	-3.9%	£39,852,000	-5%	£41,951,000	-3.9%	£43,671,000

OTHER FINANCIAL ITEMS

Date Of Accounts	31/01/15	(%)	31/01/14	(%)	31/01/13	(%)	31/01/12	(%)	31/01/11
Net Worth	£10,193,000	-73.4%	£38,282,000	-3.9%	£39,852,000	-5%	£41,951,000	-3.9%	£43,671,000
Working Capital	£10,348,000	-73.1%	£38,453,000	-4%	£40,058,000	-5%	£42,148,000	-3.7%	£43,776,000
Total Assets	£13,981,000	-66.4%	£41,647,000	-2.3%	£42,632,000	-3.8%	£44,326,000	-10.5%	£49,539,000
Total Liabilities	£3,788,000	12.6%	£3,365,000	21%	£2,780,000	17.1%	£2,375,000	-59.5%	£5,868,000
Net Assets	£10,193,000	-73.4%	£38,282,000	-3.9%	£39,852,000	-5%	£41,951,000	-3.9%	£43,671,000

CASH FLOW

Date Of Accounts	31/01/15	(%)	31/01/14	(%)	31/01/13	(%)	31/01/12	(%)	31/01/11
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

MISCELLANEOUS

Date Of Accounts	31/01/15	(%)	31/01/14	(%)	31/01/13	(%)	31/01/12	(%)	31/01/11
Contingent Liability	NO	-	NO	-	NO	-	NO	-	YES
Capital Employed	£10,348,000	-73.1%	£38,453,000	-4%	£40,058,000	-5%	£42,157,000	-3.7%	£43,785,000
Number of Employees	-	-	-	-	-	-	-	-	-
Accountants
Auditors	KPMG LLP
Auditor Comments	The audit report contains no adverse comments
Bankers	CITIBANK N.A.
Bank Branch Code

RATIOS

Date Of Accounts	31/01/15	31/01/14	31/01/13	31/01/12	31/01/11
Pre-tax profit margin %	9.99	-21.15	-23.76	-11.29	0.23
Current ratio	3.85	13.04	16.56	20.43	8.61
Sales/Net Working Capital	0.86	0.21	0.21	0.24	0.23
Gearing %	1.50	0.40	0.50	0.50	0.30
Equity in %	72.90	91.90	93.50	94.60	88.20
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	3.84	13.03	16.56	20.43	8.60
Return On Capital Employed %	8.55	-4.44	-5.01	-2.72	0.05
Return On Total Assets Employed %	6.33	-4.10	-4.70	-2.59	0.04
Current Debt Ratio	0.35	0.08	0.06	0.05	0.13
Total Debt Ratio	0.37	0.08	0.06	0.05	0.13
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	8.68	-4.46	-5.03	-2.74	0.05

Previous Company Names

Date	Previous Name
07/08/1992	FRENCH CONNECTION LIMITED (THE)

WRIT DETAILS

No writs found

Statistics

Group	12 companies
Linkages	3 companies
Countries	In 2 countries

Summary

Holding Company	FRENCH CONNECTION GROUP PLC
Ownership Status	Wholly Owned
Ultimate Holding Company	FRENCH CONNECTION GROUP PLC

Group Structure

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
FRENCH CONNECTION GROUP PLC	01410568	31.01.2015	Y	£178,500,000
WESTERN JEAN COMPANY L...	01242025	31.01.2014	N
FRENCH CONNECTION OVER...	01364202	31.01.2014	N
N F RESTAURANTS LIMITED	03028187	31.01.2014	N
EFSEL LIMITED	03372070	31.01.2014	N
FRENCH CONNECTION (CHI...	05267768	31.01.2014	N
CONTRACTS LIMITED	01825819	31.01.2015	N	£185,000
FRENCH CONNECTION (LON...	00996609	31.01.2015	N	£11,840,000
FRENCH CONNECTION UK L...	01222335	31.01.2015	N	£93,189,000
FRENCH CONNECTION LIMITED	01069342	31.01.2015	N	£8,861,000
TOAST (MAIL ORDER) LIM...	03399254	31.01.2015	N	£15,703,000
YMC LIMITED	03118702	31.01.2015	N	£3,286,000

Exact CCJ Details

Date	Court	Amount	Status	Case Number	Date Paid
11/12/2009	LIVERPOOL	£1,411	Judgment	9LV08377	-

Possible CCJs Details

Possible CCJ matches show CCJs that may be matched to a company based on various criteria such as similar trading names or addresses. This data is provided for your information only as an aid to decision-making and does not affect a company’s rating.

Date	Court	Amount	Status	Case Number	Date Paid	Registered CCJ Details
20/07/2011	BIRMINGHAM	£508	Judgment	1IQ11403	-	FRENCH CONNECTION, 32 HIGH STREET, SOLIHULL, B91 3TB, B91 3TB, B91 3TB

Mortgage Details

Mortgage Type:	SUPPLEMENTAL LEGAL CHARGE
Date Charge Created:	13/06/96
Date Charge Registered:	24/06/96
Date Charge Satisfied:	30/01/98
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC, AS AGENT AND TRUSTEE FOR THE LENDERS
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER BUT PURSUANT TO A GUARANTEE AND DEBENTURE DATED 1ST DECEMBER 1989 ANDDEED OF ACCESSION AND SUPPLEMENTAL CHARGEDATED 1ST MAY 1996
Details:	L/H PROPERTY SITUATED ON PART OF THE GROUND FLOOR AND BASEMENT AT 52 TO 66 MORTIMER STREET, L/B OF CITY OF WESTMINSTER. SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	SUPPLEMENTAL LEGAL CHARGE
Date Charge Created:	13/06/96
Date Charge Registered:	24/06/96
Date Charge Satisfied:	30/01/98
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC, AS AGENT AND TRUSTEE FOR THE LENDERS
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER BUT PURSUANT TO A GUARANTEE AND DEBENTURE DATED 1ST DECEMBER 1989 ANDDEED OF ACCESSION AND SUPPLEMENTAL CHARGEDATED 1ST MAY 1996
Details:	L/H PROPERTY COMPRISED IN PART OF THE GROUND FLOOR AND BASEMENT AT 64 TO 66 GREAT PORTLAND STREET, L/B OF CITY OF WESTMINSTER. SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	DEED OF ACCESSION AND SUPPLEMENTAL CHARGE
Date Charge Created:	01/05/96
Date Charge Registered:	16/05/96
Date Charge Satisfied:	30/01/98
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM FRENCH CONNECTION (HONG KONG) LIMITED TO THE CHARGEE AND TO THELENDERS OR EACH OFTHEM ON ANY ACCOUNT WHATSOEVER
Details:	FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	TRADE MARKS MORTGAGE
Date Charge Created:	02/03/95
Date Charge Registered:	03/03/95
Date Charge Satisfied:	30/01/98
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR STEPHEN MARKS (LONDON) LIMITED TO THE CHARGEE UNDER THE FACILITY LETTER DATED 1ST JUNE 1994 AND THIS DEED
Details:	ALL THE TRADE MARKS LISTED UNDER THE COMPANY\S NAME, ALL OTHER TRADE MARKS OR THEIR EQUIVALENT IN OTHER LOCAL JURISDICTIONS REGISTERED OR NOT PRESENTLY AND/OR HEREAFTER BELONGING TO OR ACQUIRED BY THECOMPANY IN THE UNITED KINGDOM AND ELSEWHERE WORLDWIDE, ALL INTERESTS AND RIGHTS OF THE COMPANY BOTHPRESENT AND FUTUREIN TRADE MARKS OR TRADENAMES BELONGING TO THIRD PARTIES OR TO WHICH THE COMPANYISNOT ABSOLUTELY ENTITLED TOGETHER WITH ALL THE GOODWILL OF THE BUSINESS ABOVE, ALL OTHER GOODWILL, BOTH PRESENT AND FUTURE SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	SUPPLEMENTAL LEGAL CHARGE
Date Charge Created:	11/06/91
Date Charge Registered:	12/06/91
Date Charge Satisfied:	30/01/98
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE. SUPPLEMENTAL TO A GUARANTEE AND DEBENTURE DATED 1/12/89.
Details:	L/H 29 HAMPSTEAD HIGH STREET, L/B OF CAMDEN T/N NGL 645519
Mortgage Type:	SUPPLEMENTAL LEGAL CHARGE
Date Charge Created:	05/09/90
Date Charge Registered:	06/09/90
Date Charge Satisfied:	30/01/98
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE SUPPLEMENTAL TO A GUARANTEE AND DEBENTURE DATED 1.12.89
Details:	F/H 29, HAMPSTEAD HIGH STREET. IN THE LONDON BOROUGH OF CAMDEN T/N NGL 645519

Mortgage Type:	TRADE MARKS MORTGAGE.
Date Charge Created:	01/12/89
Date Charge Registered:	11/12/89
Date Charge Satisfied:	30/01/98
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	TRADE MARKS (SEE FORM 395 REF M172 FOR FULL DETAILS)
Mortgage Type:	GUARANTEE & DEBENTURE
Date Charge Created:	01/12/89
Date Charge Registered:	11/12/89
Date Charge Satisfied:	30/01/98
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	(SEE FORM 395 REF M 155 FOR FULL DETAILS) FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY

Mortgage Type:	GENERAL LETTER OF PLEDGED HYPOTHECATION
Date Charge Created:	30/06/87
Date Charge Registered:	20/07/87
Date Charge Satisfied:	03/02/88
Status:	SATISFIED
Person(s) Entitled:	BANQUE INTERNATIONALE A LUXEMBOURG
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	ALL GOODS, BILLS OF LADING, WARRANTS, DELIVERY ORDERS, DOCUMENTS OF TITLE TO GOODS, AND ALL PROPERTY& OTHER RIGHTS EMBODIED THEREIN (SEE DOC M395 FOR FULL DETAILS)
Mortgage Type:	LEGAL CHARGE
Date Charge Created:	12/06/80
Date Charge Registered:	26/06/80
Date Charge Satisfied:	26/06/80
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	85,87,89,91,93,95,97 & 99 FAIRFIELD ROAD BOW E.3 TOWER HAMLETS LONDON TITLE NOSNGL 96974 122582 165161

Mortgage Type:	FURTHER GUARANTEE & DEBENTURE
Date Charge Created:	04/03/80
Date Charge Registered:	12/03/80
Date Charge Satisfied:	12/03/80
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER.
Details:	ALL THAT UNDERTAKING ETC CHARGED BY THEPRINCIPAL & FURTHER DEEDS

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	3	£6,533
Company Name		Amount	Statement Date
Exit Clothing Ltd		£3,868	05/08/2010
Sublime (Scarborough) Limited		£1,397	30/05/2012
The Sporting Occasion Ltd		£1,268	06/10/2014

Previous Director/Company Secretaries

Name	Current Directorships		Previous Directorships
John Ellis	0		3
Nicholas Charles Holt Mather	7		15
Roy Cameron Naismith	23		97
Nicholas William Edwin Selby Burman	0		5
Barry Joseph Dean	0		2
Average Invoice Value		Ł3737.46
Invoices available		431
Paid		405
Outstanding		26

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	46	339	15	2	3
Outstanding	4	18	2	0	2

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.64.88
UK Pound	1	Rs.99.89
Euro	1	Rs.72.06

INFORMATION DETAILS

Analysis Done by :	RAS

Report Prepared by :	ASH

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.

Name	Number	Latest Key Financials	Turnover
PRETEX TEXTILHANDELSGESELLSCHAFT MBH	HRB 62586	31.01.2014
LOUISIANA CONNECTION LIMITED		-
FRENCH CONNECTION HOLDINGS, INC		-	$4,673,000