MIRA INFORM REPORT

 

 

Report Date :           

20.12.2011

 

IDENTIFICATION DETAILS

 

Name :

OLLARD WESTCOMBE (2000) LIMITED 

 

 

Formerly Known As :

LISNODE LIMITED

 

 

Registered Office :

Cameo Works, Bridge Street, Downpatrick  Bt30 6hd

 

 

Country :

Ireland

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

10.11.1999

 

 

Com. Reg. No.:

NI037318

 

 

Legal Form :

Private limited with share capital

 

 

Line of Business :

Manufacture of other wearing apparel

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

£5,000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Ireland

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

REGISTERED NAME & COMPANY SUMMARY

 

Company Name

OLLARD WESTCOMBE (2000) LIMITED

Company Number

NI037318

 

 

Safe Number

UK07032215

Registered Address

CAMEO WORKS

Trading Address

Cameo Works
Bridge Street
Downpatrick
BT30 6HD

 

BRIDGE STREET

 

 

 

DOWNPATRICK

 

 

 

BT30 6HD

 

 

Website Address

http://www.cameoequestrian.co.uk 

 

 

Telephone Number

02844617557

Fax Number

 

TPS

No

FPS

No

Incorporation Date

10/11/1999

Company Status

Active - Accounts Filed

Previous Name

LISNODE LIMITED

Type

Private limited with Share Capital

Date of Change

09/12/1999

Filing Date of Accounts

18/04/2011

 

 

Share Capital

£50,000

SIC03

1824

Currency

GBP

SIC03 Description

MANUFACTURE OF OTHER WEARING APPAREL

SIC07

14190

SIC07 Description

MANUFACTURE OF OTHER WEARING APPAREL AND ACCESSORIES N.E.C.

Principal Activity

Textile industries, wholesale distribution textiles.

 

 

CREDIT RECOMENDATION

 

Current Credit Limit: £5,000

 

DIRECTORS/MANAGEMENT

 

Total Current Directors

2

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

2

 

Current Directors

Name

Richard Hunter Thomason

Date of Birth

01/03/1948

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

08/12/1999

 

 

Address

35 Shimna Road,  Newcastle,  Co Down,  BT33 0EE

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Mary Josephine Thomason

Date of Birth

26/03/1952

Officers Title

Mrs

Nationality

Irish

Present Appointments

1

Function

Director

Appointment Date

08/12/1999

 

 

Address

35 Shimna Road,  Newcastle,  Co Down,  BT33 0EE

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Current Company Secretary

Name

Richard Hunter Thomason

Date of Birth

01/03/1948

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Company Secretary

Appointment Date

10/11/1999

 

 

Address

35 Shimna Road,  Newcastle,  Co Down,  BT33 0EE

Other Actions

 

View Consumer Report

View Trace Report

 

 

 

 

 

NEGATIVE INFORMATION

 

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 -

0

 

 

 

Exact CCJ Details

There are no exact CCJ details

Possible CCJ Details

There are no possible CCJ details

Writ Details

There are no writ details

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Top 20 Shareholders

Name

Individual Share Value

MR RICHARD HUNTER THOMASON

25,001 ORDINARY GBP 1.00

DAVID THOMASON

24,999 ORDINARY GBP 1.00

 

 

PAYMENT INFORMATION

 

Na

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Group Structure Summary

Company Name

OLLARD WESTCOMBE (2000) LIMITED

Company Number

NI037318

Holding Company

-

Ownership Status

 

Ultimate Holding Company

-

Companies in group

-

 

Group structure

No group structure

 

 

FINANCIAL INFORMATION

 

Key Financials

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

31/12/2010

-

-

£83,340

-

31/12/2009

-

-

£82,601

-

31/12/2008

-

-

£79,474

-

 

Balance Sheet

Date Of Accounts

31/12/10

(%)

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

Tangible Assets

£2,367

16.1%

£2,038

-60.5%

£5,154

-20.9%

£6,517

-19.2%

£8,068

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£2,367

16.1%

£2,038

-60.5%

£5,154

-20.9%

£6,517

-19.2%

£8,068

Stock

£62,755

1.1%

£62,086

1.4%

£61,210

3.8%

£58,944

20.8%

£48,775

Trade Debtors

£46,832

81.8%

£25,760

-4.8%

£27,069

-29.6%

£38,444

-

0

Cash

£12,546

-45.8%

£23,142

66.4%

£13,911

-35%

£21,396

32.7%

£16,128

Other Debtors

0

-

0

-

0

-

0

-100%

£30,734

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£122,133

10%

£110,988

8.6%

£102,190

-14%

£118,784

24.2%

£95,637

Trade Creditors

£41,160

35.3%

£30,425

9.2%

£27,870

-26.4%

£37,862

-

0

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

Other Short Term Finance

0

-

0

-

0

-

0

-

0

Miscellaneous Current Liabilities

0

-

0

-

0

-

0

-100%

£29,087

Total Current Liabilities

£41,160

35.3%

£30,425

9.2%

£27,870

-26.4%

£37,862

30.2%

£29,087

Bank Loans & Overdrafts and LTL

0

-

0

-

0

-

0

-

0

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

0

-

0

-

0

-

0

-

0

 

Capital & Reserves

Date Of Accounts

31/12/10

(%)

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

Called Up Share Capital

£50,000

-

£50,000

-

£50,000

-

£50,000

-

£50,000

P & L Account Reserve

£33,340

2.3%

£32,601

10.6%

£29,474

-21.3%

£37,439

-

-

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-100%

£24,618

Shareholder Funds

£83,340

0.9%

£82,601

3.9%

£79,474

-9.1%

£87,439

17.2%

£74,618

 

Other Financial Items

Date Of Accounts

31/12/10

(%)

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

Net Worth

£83,340

0.9%

£82,601

3.9%

£79,474

-9.1%

£87,439

17.2%

£74,618

Working Capital

£80,973

0.5%

£80,563

8.4%

£74,320

-8.2%

£80,922

21.6%

£66,550

Total Assets

£124,500

10.2%

£113,026

5.3%

£107,344

-14.3%

£125,301

20.8%

£103,705

Total Liabilities

£41,160

35.3%

£30,425

9.2%

£27,870

-26.4%

£37,862

30.2%

£29,087

Net Assets

£83,340

0.9%

£82,601

3.9%

£79,474

-9.1%

£87,439

17.2%

£74,618

 

Miscellaneous

Date Of Accounts

31/12/10

(%)

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£83,340

0.9%

£82,601

3.9%

£79,474

-9.1%

£87,439

17.2%

£74,618

Number of Employees

-

-

-

-

-

-

-

-

-

Auditors

 

Auditor Comments

The company is exempt from audit

Bankers

NORTHERN BANK LTD

Bank Branch Code

95-02-91

 

Ratios

Date Of Accounts

31/12/10

31/12/09

31/12/08

31/12/07

31/12/06

Pre-tax profit margin %

-

-

-

-

-

Current ratio

2.97

3.65

3.67

3.14

3.29

Sales/Net Working Capital

-

-

-

-

-

Gearing %

0

0

0

0

0

Equity in %

66.90

73.10

74

69.80

72

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

1.44

1.60

1.47

1.58

1.61

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

0.49

0.36

0.35

0.43

0.39

Total Debt Ratio

0.49

0.36

0.35

0.43

0.39

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

 

 

FOREIGN EXCHANGE RATES

 

Na

 

 

ADDITIONAL INFORMATION

 

Mortgage Summary

Outstanding

0

Satisfied

0

 

Status History

No Status History found

 

Event History

Date

Description

13/12/2011

Annual Returns

03/05/2011

New Accounts Filed

19/02/2011

Annual Returns

30/07/2010

New Company Secretary Mr R.H. Thomason appointed

24/04/2010

New Accounts Filed

23/03/2010

Annual Returns

09/10/2009

New Board Member Ms M.J. Thomason appointed

09/10/2009

New Board Member Mr R.H. Thomason appointed

09/10/2009

New Company Secretary Mr R. Thomason appointed

21/05/2009

New Accounts Filed

03/12/2008

Annual Returns

13/05/2008

New Accounts Filed

30/04/2008

New Company Secretary Mr R. Thomason appointed

05/03/2008

Annual Returns

29/10/2007

New Company Secretary (RICHARD THOMASON) appointed

 

Previous Company Names

Date

Previous Name

09/12/1999

LISNODE LIMITED

 

 

NOTES & COMMENTS

 

Na

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.96

UK Pound

1

Rs.82.04

Euro

1

Rs.68.91

 

 

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.