MIRA INFORM REPORT

Report No. :	341060
Report Date :	15.09.2015

IDENTIFICATION DETAILS

Name :	MONSOON ACCESSORIZE LIMITED

Formerly Known As :	MONSOON LIMITED

Registered Office :	1 Nicholas Roadlondonw11 4AN

Country :	United Kingdom

Financials (as on) :	30.08.2014

Date of Incorporation :	22.02.1973

Com. Reg. No.:	01098034

Legal Form :	Private limited with Share Capital

Line of Business :	Retail sale of clothing in specialised stores Sale of women's, men's and children's clothing, accessories, homeware and gifts.

No. of Employee :	2794

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 and address

MONSOON ACCESSORIZE LIMITED

Company No

01098034

Registered Address

1 NICHOLAS ROADLONDONW11 4AN

Company Summary

Registered Address	1 NICHOLAS ROAD LONDON W11 4AN	Trading Address	17-18 Queensgate Centre Peterborough Cambridgeshire PE1 1NH
Website Address	http://www.monsoon.co.uk
Telephone Number	02033723000	Fax Number	02086014040
TPS	No	FPS	Yes
Incorporation Date	22/02/1973
Previous Name	MONSOON LIMITED	Type	Private limited with Share Capital
FTSE Index	--	Date of Change	13/01/1998
Filing Date of Accounts	08/05/2015	Currency	GBP
Share Capital	£100,000	SIC07	47710
Charity Number	--
SIC07 Description	RETAIL SALE OF CLOTHING IN SPECIALISED STORES
Principal Activity	Sale of women's, men's and children's clothing, accessories, homeware and gifts.

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder	Funds Employees
30/08/2014	£472,465,000	£28,087,000	£53,424,000	2794
31/08/2013	£511,268,000	£46,049,000	£56,013,000	3033
25/08/2012	£490,898,000	£11,663,000	£29,372,000	2956

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

Commentary

This company has been treated as a Large company in respect of the rating/limit generated.
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's ratio of total liabilities to total assets indicates the presence of moderate equity funding.
The company has more cash than short term bank borrowings.
This company trades in an industry with a higher level of corporate failures.

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 -	-

Total Current Directors	3
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	15

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

Name	Mark Grahame Holloway	Date of Birth	12/11/1963
Officers Title	Mr	Nationality	British
Present Appointments	15	Function	Director
Appointment Date	27/07/2012
Address	1 Nicholas Road, London, W11 4AN

Name	Paul Christopher Allen	Date of Birth	28/05/1964
Officers Title	Mr	Nationality	Irish
Present Appointments	7	Function	Director
Appointment Date	05/02/2014
Address	1 Nicholas Road, London, W11 4AN

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

Top 20 Shareholders

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

Profit & Loss

Date Of Accounts	30/08/14	(%)	31/08/13	(%)	25/08/12	(%)	27/08/11	(%)	28/08/10
Weeks	52	(%)	53	(%)	52	(%)	52	(%)	52
Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
Turnover	£472,465,000	-7.6%	£511,268,000	4.1%	£490,898,000	-11.7%	£555,734,000	-1.1%	£561,749,218
Export	£49,126,000	-15.8%	£58,373,000	9.3%	£53,413,000	-10%	£59,347,000	23.2%	£48,165,920
Cost of Sales	£228,828,000	-3.2%	£236,447,000	3.6%	£228,298,000	-1.1%	£230,938,000	3.9%	£222,357,957
Gross Profit	£243,637,000	-11.3%	£274,821,000	4.7%	£262,600,000	-19.1%	£324,796,000	-4.3%	£339,391,261
Wages & Salaries	£63,990,000	-9.4%	£70,602,000	10%	£64,188,000	-10.1%	£71,373,000	-5.3%	£75,385,517
Directors Emoluments	£842,000	83.4%	£459,000	-	-	-	-	-	-
Operating Profit	£28,252,000	-39%	£46,277,000	-79.7%	£228,298,000	143.9%	£93,591,000	-5%	£98,478,467
Depreciation	£12,958,000	-4.1%	£13,505,000	-18.3%	£16,537,000	-18.4%	£20,256,000	-6.8%	£21,729,989
Audit Fees	£175,000	-1.7%	£178,000	7.9%	£165,000	3.1%	£160,000	-21.6%	£204,000
Interest Payments	£4,169,000	-0.2%	£4,178,000	-22.5%	£5,392,000	13.8%	£4,739,000	1.4%	£4,672,035
Pre Tax Profit	£28,087,000	-39%	£46,049,000	294.8%	£11,663,000	-88.9%	£105,133,000	7%	£98,225,288
Taxation	-£9,676,000	20.7%	-£12,208,000	-14.7%	-£10,646,000	72.2%	-£38,290,000	-44.8%	-£26,444,215
Profit After Tax	£18,411,000	-45.6%	£33,841,000	999.9%	£1,017,000	-98.5%	£66,843,000	-6.9%	£71,781,073
Dividends Payable	£21,000,000	191.7%	£7,200,000	11.8%	£6,440,000	-96.1%	£163,786,000	189.9%	£56,500,000
Retained Profit	-£2,589,000	-109.7%	£26,641,000	591.3%	-£5,423,000	94.4%	-£96,943,000	-734.4%	£15,281,073

Balance Sheet

Date Of Accounts	30/08/14	(%)	31/08/13	(%)	25/08/12	(%)	27/08/11	(%)	28/08/10
Tangible Assets	£49,682,000	8.4%	£45,826,000	-15.6%	£54,300,000	-25.9%	£73,244,000	-8.5%	£80,074,382
Intangible Assets	£49,000	-48.4%	£95,000	-36.7%	£150,000	-32.4%	£222,000	-84.2%	£1,407,114
Total Fixed Assets	£49,731,000	8.3%	£45,921,000	-15.7%	£54,450,000	-25.9%	£73,466,000	-9.8%	£81,481,496
Stock	£63,521,000	-0.2%	£63,647,000	-5.9%	£67,615,000	-3.7%	£70,218,000	13.7%	£61,760,519
Trade Debtors	£20,922,000	-9.3%	£23,068,000	-18.5%	£28,293,000	17.9%	£24,004,000	60.7%	£14,932,861
Cash	£75,381,000	16.7%	£64,612,000	110.8%	£30,650,000	-27.9%	£42,508,000	-63.1%	£115,104,645
Other Debtors	£262,247,000	-2.3%	£268,350,000	-1.6%	£272,619,000	-3.7%	£282,953,000	3.5%	£273,353,988
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	£422,071,000	0.6%	£419,677,000	5.1%	£399,177,000	-4.9%	£419,683,000	-9.8%	£465,152,013
Trade Creditors	£55,967,000	7.3%	£52,156,000	-14.8%	£61,215,000	3.6%	£59,100,000	-3.8%	£61,463,150
Bank Loans & Overdrafts	£3,776,000	15.2%	£3,279,000	79.7%	£1,825,000	-48%	£3,510,000	-63.8%	£9,706,678
Other Short Term Finance	£280,988,000	1.2%	£277,737,000	-3.2%	£286,997,000	-9.9%	£318,374,000	22.5%	£259,833,083
Miscellaneous Current Liabilities	£71,994,000	4.5%	£68,888,000	4.9%	£65,669,000	-3.3%	£67,937,000	5.4%	£64,450,647
Total Current Liabilities	£412,725,000	2.7%	£402,060,000	-3.3%	£415,706,000	-7.4%	£448,921,000	13.5%	£395,453,558
Bank Loans & Overdrafts and LTL	£9,429,000	-12.7%	£10,804,000	4.1%	£10,374,000	-19.8%	£12,943,000	-55.6%	£29,148,114
Other Long Term Finance	0	-	0	-	0	-	0	-100%	£1,819,585
Total Long Term Liabilities	£5,653,000	-24.9%	£7,525,000	-12%	£8,549,000	-9.4%	£9,433,000	-51.5%	£19,441,436

Capital & Reserves

Date Of Accounts	30/08/14	(%)	31/08/13	(%)	25/08/12	(%)	27/08/11	(%)	28/08/10
Called Up Share Capital	£100,000	-	£100,000	-	£100,000	-	£100,000	-	£100,000
P & L Account Reserve	£53,324,000	-4.6%	£55,913,000	91%	£29,272,000	-15.6%	£34,695,000	-73.6%	£131,638,515
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	£53,424,000	-4.6%	£56,013,000	90.7%	£29,372,000	-15.6%	£34,795,000	-73.6%	£131,738,515

Other Financial Items

Date Of Accounts	30/08/14	(%)	31/08/13	(%)	25/08/12	(%)	27/08/11	(%)	28/08/10
Net Worth	£53,375,000	-4.5%	£55,918,000	91.4%	£29,222,000	-15.5%	£34,573,000	-73.5%	£130,331,401
Working Capital	£9,346,000	-46.9%	£17,617,000	206.6%	-£16,529,000	43.5%	-£29,238,000	-141.9%	£69,698,455
Total Assets	£471,802,000	1.3%	£465,598,000	2.6%	£453,627,000	-8%	£493,149,000	-9.8%	£546,633,509
Total Liabilities	£418,378,000	2.1%	£409,585,000	-3.5%	£424,255,000	-7.4%	£458,354,000	10.5%	£414,894,994
Net Assets	£53,424,000	-4.6%	£56,013,000	90.7%	£29,372,000	-15.6%	£34,795,000	-73.6%	£131,738,515

Cash Flow

Date Of Accounts	30/08/14	(%)	31/08/13	(%)	25/08/12	(%)	27/08/11	(%)	28/08/10
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	30/08/14	(%)	31/08/13	(%)	25/08/12	(%)	27/08/11	(%)	28/08/10
Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
Capital Employed	£59,077,000	-7%	£63,538,000	67.6%	£37,921,000	-14.3%	£44,228,000	-70.7%	£151,179,951
Number of Employees	2794	-7.9%	3033	2.6%	2956	-20.8%	3731	-2.9%	3841
Accountants
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	30/08/14	31/08/13	25/08/12	27/08/11	28/08/10
Pre-tax profit margin %	5.94	9.01	2.38	18.92	17.49
Current ratio	1.02	1.04	0.96	0.93	1.18
Sales/Net Working Capital	50.55	29.02	-29.70	-19.01	8.06
Gearing %	17.60	19.30	35.30	37.20	22.10
Equity in %	11.30	12	6.50	7.10	24.20
Creditor Days	43.11	37.84	45.39	38.70	39.82
Debtor Days	16.11	16.73	20.97	15.72	9.67
Liquidity/Acid Test	0.86	0.88	0.79	0.77	1.02
Return On Capital Employed %	47.54	72.47	30.75	237.70	64.97
Return On Total Assets Employed %	5.95	9.89	2.57	21.31	17.96
Current Debt Ratio	7.72	7.17	14.15	12.90	3
Total Debt Ratio	7.83	7.31	14.44	13.17	3.14
Stock Turnover Ratio %	13.44	12.44	13.77	12.63	10.99
Return on Net Assets Employed %	52.57	82.21	39.70	302.14	74.56

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
18/08/2015	Payment Data Update Recieved
24/06/2015	Annual Returns
21/05/2015	New Accounts Filed
21/05/2015	New Accounts Filed
24/02/2015	Mr J.J. Browett has left the board
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

Previous Company Names

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

Writ Details

No writs found

Statistics

Group	9 companies
Linkages	2 companies
Countries	In 2 countries

Summary

Holding Company	MONSOON HOLDINGS LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	BALMAIN INVEST & TRADE INC

Group StructureFull

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
BALMAIN INVEST & TRADE INC	N/A	-	-
MONSOON HOLDINGS (JERS...	N/A	-	-
DRILLGREAT LIMITED	06292597	30.08.2014	Y	£509,094,000
MONSOON JAPAN LIMITED	06678846	30.08.2014	N
MONSOON LIMITED	02585514	30.08.2014	N
MONSOON HOLDINGS...	01200163	30.08.2014	N
MONSOON ACCESSO...	01098034	30.08.2014	N	£472,465,000
MONSOON ACCES...	IE057468	30.08.2014	N
MONSOON ACC...	IE382304	30.08.2014	N	€14,685,794

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	Judgment	1KH00211	-

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
13/08/2013	LANARK	£833	Judgment	SA112/13	-	T/A MONSOON, 1-5 CARNWATH RD, CARLUKE, ML8 4DF, ML8 4DF, ML8 4DF
08/08/2012	NORTHAMPTON CCBC	£6,155	Judgment	2XF39415	-	T/AS MONSOON, 7 RYTON STREET, WORKSOP, S80 2AY, S80 2AY, S80 2AY

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)

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	5	104
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	6	4
Matthew Hudson	0	4
Peter Ridler	2	4
John Julian Browett	8	14

Average Invoice Value	Ł393.56
Invoices available	21328
Paid	21284
Outstanding	44

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	10198	10748	247	54	37
Outstanding	8	32	4	0	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.37
UK Pound	1	Rs.102.54
Euro	1	Rs.75.32

INFORMATION DETAILS

Analysis Done by :	KAS

Report Prepared by :	ANK

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
MONSOON ACCESSORIZE SARL	482201233	31.08.2014	€15,775,617
MONSOON ACCESSORIZE GMBH	HRB 5470	31.08.2014