MIRA INFORM REPORT

Report Date :

22.10.2007

IDENTIFICATION DETAILS

Name :	GARDNER INDUSTRIES LIMITED

Registered Office :	41 Central Chambers, Dame Court, Dublin 2

Country :	United Kingdom

Financials (as on) :	31.12.2005

Date of Incorporation :	18/06/1998

Com. Reg. No.:	IE288336

Legal Form :	Private Limited Liability Company (IE)

Line of Business :	Operate as film production - cinema.

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Small Company

Payment Behaviour :	No Complaints

Litigation :	Clear

Company Identification Details


Subject Reported on	GARDNER INDUSTRIES LIMITED
Trading Address	98 LOWER BAGGOT STREET,DUBLIN,2


	Average Risk - This company has an average risk status and should be treated with a degree of caution

Credit Limit	euro 0
	Selling to this company? The Credit Limit is the recommended maximum outstanding debtor exposure at any one time.

Contract Limit	euro 0
	Buying from this company? The Contract Limit is the recommended aggregate annual value for supply contracts.

Official Company Data


Legal Form	Private Limited Liability Company (IE)
Registration Number	IE288336
Date of Incorporation	18/06/1998
Registered Office	41 CENTRAL CHAMBERS, DAME COURT, DUBLIN 2
Activities	Subject is registered to operate as film production - cinema.

Recently Filed Documents

Details of the most recent documents

Date Received

Description

It should be noted that there is no legal requirement to file satisfaction details of mortgages/charges at Companies House.

Known Directors

DIRECTOR

MARTIN STEIN

Occupation

Address

6 ALBEMARLE STREET , W1S 4HG , ENGLAND ,

Date of Birth

31/07/1936

Appointment Date

01/01/2004

Other Appointments

GARDNER INDUSTRIES LIMITED

DIRECTOR

PHILIP O'DONOGHUE

Occupation

Address

34 THE OAKS , PORTARLINGTON , CO. LAOIS. ,

Date of Birth

27/11/1961

Appointment Date

01/05/2005

Other Appointments

VINTO LIMITED, KENCOT LIMITED, LIBERTY SECURITIES LIMITED, TERFORD LIMITED, CREATON INVESTMENTS LIMITED, KERRY ASSOCIATES LIMITED, SHOETRADE LIMITED, SOUTHPORT PROPERTIES LIMITED, CASSION LIMITED, ETERNAL FINANCE LIMITED, BRADGLEN LIMITED, WHITELEGG LIMITED, GARDNER INDUSTRIES LIMITED, ORION CONSULTANTS LIMITED, PRACTICAL CORPORATE HOLDINGS LIMITED, ESSENTIAL CORPORATE HOLDINGS LIMITED, FAIRMONT NOVELTIES TRADING CORPORATION LIMITED, BLAST RIGHTS LIMITED, AXPROT LIMITED

SECRETARY

HECTOR RAMOS

Address

6 ALBEMARLE STREET LONDON, W1S 4HG , ENGLAND

Country of Origin

Date of Birth

19/02/1944

Appointment Date

01/01/2004

SECRETARY

HECTOR RAMOS

Address

10 LONDON MEWS LONDON, W2 1HY

Country of Origin

Date of Birth

19/02/1945

Appointment Date

01/01/2004

Recently Resigned Directors (last 3)


DIRECTOR	RAYMOND KEARNEY
Address	, 1 , DUN LAOGHAIRE , CO. DUBLIN. , - -
Date of Birth	16/11/1978
Resignation Date	01/05/2005
DIRECTOR	HECTOR RAMOS
Address	, 6 Albemarle Street , W1S 4HG , England , - -
Date of Birth	19/02/1944
Resignation Date	14/10/2004
DIRECTOR	RONAN MAHON
Address	, 79 , BALLSBRIDGE , 080805 DUBLIN 4. , - -
Date of Birth	17/05/1982
Resignation Date	01/01/2004

Share Summary


Principle Shareholders:	Type Of Share	No. of Shares	Value	%age
Crossways London				50.00
Chantset Ltd				50.00

Mortgages and Charges

There are no mortgages

Public Record Information

Summary of CCJ's/Scottish Decrees

There are no unsatisfied CCJs against the company.

Operations


Activities	Subject is registered to operate as film production - cinema.
Sic Code	Description
9211	Motion picture and video production
Staff Employed

Financial Data

The following figures are shown in units of 000

Profit and Loss

Number of Weeks	52	52	52	52
Accounts Date	31/12/2005	31/12/2004	31/12/2003	31/12/2002
Currency	euro	GBP	euro	euro
Consolidated?	No	No	No	No
RETAINED PROFITS	-	7	-	-

Balance Sheet

Number of Weeks	52	52	52	52
Accounts Date	31/12/2005	31/12/2004	31/12/2003	31/12/2002
Currency	euro	GBP	euro	euro
Consolidated?	No	No	No	No
TOTAL FIXED ASSETS	215	0	0	0
Intermediate Assets	212	-	-	-
Intangible Assets	3	-	-	-
TOTAL CURRENT ASSETS	211	112	0	0
Trade Debtors	210	101	-	-
Cash	1	10	-	-
TOTAL ASSETS	426	112	0	0
TOTAL CURRENT LIABILITIES	425	115	10	9
Other Current Liabilities	425	114	10	9
WORKING CAPITAL	-214	-3	0	0
TOTAL LONG TERM LIABS	0	0	0	0
NET ASSETS/(LIABILITIES)	0	-3	-10	-9
SHARE CAPITAL + RESERVES	0	-3	-10	-9
Issued Share Capital	1	1	1	1
Profit and Loss account	-1	-4	-11	-10
SHAREHOLDERS FUNDS	0	-3	-10	-9
CAPITAL EMPLOYED	0	-3	-10	-9
TANGIBLE NET WORTH	-2	-3	-10	-9

Key Credit Ratios

Accounts Date	31/12/2005	31/12/2004	31/12/2003	31/12/2002
Current Ratio	0.50	0.97	-	-
Profit Before Tax	-	0.05	-	-
Quick Ratio	-	-	-	-
T.N.W/Total Assets	0.00	-0.03	NaN	NaN
Return on Capital	-	-233.33	-	-
Working Capital/Sales	-	0.00	-	-
Stock Turnover	-	0.00	-	-

Financial Summary

Working Capital	The company's working capital deficiency increased in the period and now stands at euro 214,000
Tangible Net Worth	Net worth increased by 1,000 during the period and now stands at euro -2,000

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	Unfavourable & favourable factors carry similar weight in credit consideration. 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
NR		In view of the lack of information, we have no basis upon which to recommend credit dealings	No Rating

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