3decades

MIRA INFORM REPORT

Report No. :	493969
Report Date :	12.03.2018

IDENTIFICATION DETAILS

Name :	SRI APPAREL LIMITED

Registered Office :	1 Ontario Terrace, Rathmines, Dublin 6, 662833

Country :	Ireland

Financials (as on) :	31.12.2016

Date of Incorporation :	20.02.2008

Com. Reg. No.:	IE453610

Legal Form :	Ltd - Private Company Limited By Shares

Line of Business :	· Retail sale of clothing in specialised stores · The wholesale of clothing and accessories under the cat brand.

No. of Employees :	4

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

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

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Ireland

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

IRELAND - ECONOMIC OVERVIEW

Ireland is a small, modern, trade-dependent economy. Ireland was among the initial group of 12 EU nations that began circulating the euro on 1 January 2002. GDP growth averaged 6% in 1995-2007, but economic activity dropped sharply during the world financial crisis and the subsequent collapse of its domestic property market and construction industry. Faced with sharply reduced revenues and a burgeoning budget deficit from efforts to stabilize its fragile banking sector, the Irish Government introduced the first in a series of draconian budgets in 2009. These measures were not sufficient to stabilize Ireland’s public finances. In 2010, the budget deficit reached 32.4% of GDP - the world's largest deficit, as a percentage of GDP. In late 2010, the former COWEN government agreed to a $92 billion loan package from the EU and IMF to help Dublin recapitalize Ireland’s banking sector and avoid defaulting on its sovereign debt. In March 2011, the KENNY government intensified austerity measures to meet the deficit targets under Ireland's EU-IMF bailout program.

In late 2013, Ireland formally exited its EU-IMF bailout program, benefiting from its strict adherence to deficit-reduction targets and success in refinancing a large amount of banking-related debt. In 2014, the economy rapidly picked up and GDP grew by 25% in 2015. In late 2014, the government introduced a fiscally neutral budget, marking the end of the austerity program. Continued growth of tax receipts has allowed the government to lower some taxes and increase public spending while keeping to its deficit-reduction targets. In 2015, GDP growth exceeded 26%. This increase reflected one-off statistical revisions, multinational corporate restructurings, and the aircraft leasing sector, rather than gains in the on the ground economy. Growth moderated to around 4.1% in 2017, but the recovering economy assisted lowering the deficit to 0.6% of GDP.

In the wake of the collapse of the construction sector and the downturn in consumer spending and business investment, the export sector, dominated by foreign multinationals, has become an even more important component of Ireland's economy. Ireland’s low corporation tax of 12.5% and a talented pool of high-tech laborers have been key factors in encouraging business investment. Loose tax residency requirements made Ireland a common destination for international firms seeking to avoid taxation. In 2014, amid growing international pressure, the government announced it would phase in more stringent tax laws, effectively closing a commonly used loophole.

Source : CIA

Company name and address

Top of Form

Company Name: SRI APPAREL LIMITED

Company No: IE453610

Company Status: Active - Accounts Filed

Status Active

Active - Accounts Filed

Registered Address: 1 ONTARIO TERRACERATHMINESDUBLIN 6662833

Company Name

SRI APPAREL LIMITED

Company Number

IE453610

Company Summary

Registered Address 1 ONTARIO TERRACE
RATHMINES
DUBLIN 6
662833

Trading Address 29 EARLSFORT TERRACE
DUBLIN 2
DUBLIN 2
216410

Website Address -

Eircode D06H2W9

VAT Number IE9684074D

Telephone Number -

Fax Number

TPS -

FPS Yes

Incorporation Date 20/02/2008

Previous Name

Type LTD - PRIVATE COMPANY LIMITED BY SHARES

FTSE Index -

Date of Change -

Filing Date of Accounts -

Currency EUR

Share Capital €25,000

SIC07 47710

Charity Number -

SIC07 Description RETAIL SALE OF CLOTHING IN SPECIALISED STORES

Principal Activity The wholesale of clothing and accesories under the CAT brand. Accounts data converted from US Dollars.

Nace Code -

Nace Description -

Additional Information

CJ's 0 (€0)

No CJ Information To Display

Ultimate Holding Company JPD LLC

Accountant -

Mortgages 2

Group 3 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder's Funds Employees

31/12/2016 - - -€194,020 4

31/12/2015 - - €945,313 4

31/12/2014 - - €211,993 3

Mortgage Summary

Total Mortgage 2

Outstanding 2

Satisfied 0

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 0

Total Value of Documented Trade €0

Commentary

No exact match CCJs are recorded against the company.
There is insufficient data to indicate a change in this company's percentage of sales.
A 0.3% growth in Total Assets occurred during the latest trading period.
There is insufficient data to indicate a change in this company's pre-tax profit.

CJ

Total Number of Exact CJs -	Total Value of Exact CJs -	€0
Total Number of Possible CJs -	Total Value of Possible CJs -	€0
Total Number of Satisfied CJs -	Total Value of Satisfied CJs -	€0

Total Current Directors	6	Total Current Secretaries	1
Total Previous Directors / Company Secretaries	7

Current Directors

Title		Function	Director
Name	GARETH SMITH	Nationality
Date of Birth	03/1968	Present Appointments	3
Latest Address	15 BERWICK CRESCENT, SWORDS, CO. DUBLIN	Appointment Date	04/12/2014

Title		Function	Director
Name	LORRAINE DIVVER GALLINGER	Nationality
Date of Birth	09/1947	Present Appointments	1
Latest Address	6336 STRATTON ROAD, BILLINGS MONTANA 59101, UNITED STATES OF AMERICA	Appointment Date	20/02/2008

Title		Function	Director
Name	KENNETH D TOLLIVER	Nationality
Date of Birth	06/1945	Present Appointments	1
Latest Address	6335 STRATTON ROAD, BILLINGS MT 59101, UNITED STATES OF AMERICA	Appointment Date	20/02/2008

Title		Function	Director
Name	KURTIS CHARLES TOLLIVER	Nationality
Date of Birth	07/1967	Present Appointments	1
Latest Address	1375 MOOSE POINT ROAD, BOZEMAN MONTANA 59715, UNITED STATES OF AMERICA	Appointment Date	20/02/2008

Title		Function	Director
Name	SEAN PATRICK GALLINGER	Nationality
Date of Birth	06/1976	Present Appointments	2
Latest Address	11 GALLATIN DRIVE B, BOZEMAN MONTANA 59715, UNITED STATES	Appointment Date	20/02/2008

Title		Function	Director
Name	MATTHEW BROWNING GALLINGER	Nationality
Date of Birth	07/1974	Present Appointments	1
Latest Address	3645 HARPAR, BILLINGS MONTANA 59102, UNITED STATES OF AMERICA	Appointment Date	20/02/2008

Current Company Secretary

Title		Function	Company Secretary
Name	KURTIS CHARLES TOLLIVER	Nationality
Date of Birth	-	Present Appointments	1
Latest Address	1375 MOOSE POINT ROAD, BOZEMAN MONTANA 59715, UNITED STATES OF AMERICA	Appointment Date	21/06/2012

Authorised Person

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
J.P. DIVVER HOLDING COMPANY LTD	EUR	25,000	ORDINARY	1	100
1

Financials

Profit & Loss

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	EUR	(%)	EUR	(%)	EUR	(%)	EUR	(%)	EUR
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Turnover	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Cost of Sales	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Gross Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Wages & Salaries	€246,053	-13.5%	€284,525	5.9%	€268,672	58.5%	€169,518	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Directors Emoluments	€37,612	0.2%	€37,536	25.1%	€30,003	-16.7%	€36,010	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Operating Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Depreciation	-	-	€1,228	13.1%	€1,085	-1.9%	€1,106	62.3%	€681
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Audit Fees	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Interest Payments	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Pre Tax Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Taxation	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Profit After Tax	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Tangible Assets	€587	-56.2%	€1,340	-20.4%	€1,684	-40.3%	€2,819	-13%	€3,241
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Total Fixed Assets	€587	-56.2%	€1,340	-20.4%	€1,684	-40.3%	€2,819	-13%	€3,241
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Stock	0	-100%	€557,569	999.9%	€10,998	-53.3%	€23,575	30.5%	€18,060
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Trade Debtors	€2,115,422	37.6%	€1,537,243	-79.4%	€7,462,028	-3.2%	€7,705,137	62%	€4,756,283
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Cash	€1,790,741	-0.5%	€1,800,303	44.2%	€1,248,068	-35.3%	€1,928,229	36.9%	€1,408,920
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Other Debtors	0	-	0	-	0	-	0	-100%	€175,774
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Total Current Assets	€3,906,162	0.3%	€3,895,115	-55.3%	€8,721,095	-9.7%	€9,656,941	51.9%	€6,359,036
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Trade Creditors	€3,925,735	41.1%	€2,782,510	-63.1%	€7,546,796	-10.2%	€8,402,428	249.4%	€2,404,855
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Other Short Term Finance	0	-	0	-	0	-	0	-100%	€87,066
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-100%	€2,538,422
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Total Current Liabilities	€3,925,735	41.1%	€2,782,510	-63.1%	€7,546,796	-10.2%	€8,402,428	67%	€5,030,344
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	€175,034	3.8%	€168,632	-82.5%	€963,991	27.1%	€758,158	28.2%	€591,384
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	0	-100%	€591,384
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Total Long Term Liabilities	€175,034	3.8%	€168,632	-82.5%	€963,991	27.1%	€758,158	28.2%	€591,384

Capital & Reserves

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Called Up Share Capital	€33,815	-	€33,815	-4.6%	€35,454	-1.8%	€36,093	21.1%	€29,807
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	P & L Account Reserve	-€278,876	-132.4%	€860,457	599.4%	€123,023	-69.9%	€408,604	-38.6%	€665,752
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Sundry Reserves	€51,041	-	€51,041	-4.6%	€53,515	-1.8%	€54,479	21.1%	€44,990
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Shareholder Funds	-€194,020	-120.5%	€945,313	345.9%	€211,993	-57.5%	€499,175	-32.6%	€740,549

Other Financial Items

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Net Worth	-€194,020	-120.5%	€945,313	345.9%	€211,993	-57.5%	€499,175	-32.6%	€740,549
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Working Capital	-€19,573	-101.8%	€1,112,605	-5.3%	€1,174,299	-6.4%	€1,254,514	-5.6%	€1,328,692
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Total Assets	€3,906,750	0.3%	€3,896,455	-55.3%	€8,722,779	-9.7%	€9,659,761	51.8%	€6,362,277
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Total Liabilities	€4,100,770	39%	€2,951,142	-65.3%	€8,510,786	-7.1%	€9,160,586	62.9%	€5,621,728
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Net Assets	-€194,020	-120.5%	€945,313	345.9%	€211,993	-57.5%	€499,175	-32.6%	€740,549

Cash Flow

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Capital Employed	-€18,986	-101.7%	€1,113,945	-5.3%	€1,175,983	-6.5%	€1,257,333	-5.6%	€1,331,933
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Number of Employees	4	-	4	33.3%	3	-	3	-	-
	Accountants
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers	ULSTER BANK LTD
	Bank Branch Code	98-50-00

Ratios

	Date Of Accounts	31/12/16	31/12/15	31/12/14	31/12/13	31/12/12
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Pre-tax profit margin %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Current ratio	1	1.40	1.16	1.15	1.26
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Sales/Net Working Capital	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Gearing %	-90.20	17.80	454.70	151.90	79.90
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Equity in %	-5	24.30	2.40	5.20	11.60
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Creditor Days	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Debtor Days	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Liquidity/Acid Test	0.99	1.19	1.15	1.14	1.26
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Return On Capital Employed %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Return On Total Assets Employed %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Current Debt Ratio	-20.23	2.94	35.59	16.83	6.79
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Total Debt Ratio	-21.13	3.12	40.14	18.35	7.59
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\barchart-grey.png$	Return on Net Assets Employed %	-	-	-	-	-

Success!

Report notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
20/10/2017	New Accounts Filed
20/10/2017	New Accounts Filed
19/10/2017	Annual Returns
31/10/2016	New Accounts Filed
31/10/2016	New Accounts Filed
24/10/2016	Annual Returns
23/11/2015	New Accounts Filed
23/11/2015	New Accounts Filed
19/11/2015	Annual Returns
04/12/2014	EAMONN MACKEN has left the board
04/12/2014	New Board Member (GARETH SMITH) appointed
18/09/2014	New Accounts Filed
18/09/2014	New Accounts Filed
13/09/2014	Annual Returns
22/10/2013	New Accounts Filed

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	J. P. DIVVER HOLDING COMPANY LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	JPD LLC

Group Structure

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\tminus.gif$ JPD LLC	N/A	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\tminus.gif$ J. P. DIVVER HOLDING C...	IE412367	31.12.2016	N
$Description: \\vivek-pc\123 Foreign Report Raw\2\SRI Apparel Limited_files\L.gif$ SRI APPAREL LIMITED	IE453610	31.12.2016	N

Statistics

Group	3 companies
Linkages	0 companies
Countries	In 0 countries

Mortgage Details

Mortgage Type:	A charge on book debts of the company.
Date Charge Created:	28/01/09
Date Charge Registered:	18/02/09
Date Charge Satisfied:	-
Status:	NOT SATISFIED
Person(s) Entitled:	R. MICHAEL PRICE
Amount Secured:
Details:	All monies and/or obligations which now are, or at any time may become, due or owing to the security holder under an agreement between SRI APPAREL LIMITED and R. MICHAEL PRICE dated 28/01/2009
Mortgage Type:	A charge on book debts of the company.
Date Charge Created:	26/01/09
Date Charge Registered:	16/02/09
Date Charge Satisfied:	-
Status:	NOT SATISFIED
Person(s) Entitled:	300 NORTH 25TH LIMITED LIABILITY COMPANY
Amount Secured:
Details:	All monies and/or obligations which now are, or at any time may become, due or owing to the security holder under an agreement between SRI APPAREL LIMITED and 300 NORTH 25th LIMITED LIABILITY COMPANY dated 26/01/2009

Previous Director/Company Secretaries

Name	Current Active Appointments	Previous Appointments	Dissolved Companies
NOREEN KENNY	6	528	577
NOREEN KENNY	6	528	577
EAMONN MACKEN	0	3	2
EAMONN MACKEN	0	2	0
PAUL FRANCIS BOND	2	1	0
KENNETH D TOLLIVER	1	3	0
JOANNE KENNY	19	311	122

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 65.08
UK Pound	1	INR 89.85
Euro	1	INR 80.16
Euro	1	INR 80.11

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	NIY

Report Prepared by :	SYL

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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.