MIRA INFORM REPORT

Report Date :

29.02.2012

IDENTIFICATION DETAILS

Name :	DE LE CUONA DESIGNS LIMITED

Formerly Known As :	MAILGAME LIMITED

Registered Office :	Mistress Pages House 13b High Street Windsor Sl4 1ld

Country :	United Kingdom

Financials (as on) :	31.03.2011

Date of Incorporation :	19.11.1996

Com. Reg. No.:	03280499

Legal Form :	Private limited with Share Capital

Line of Business :	Manufacture of Household Textiles

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	£51,000
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 30, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

United Kingdom

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	DE LE CUONA DESIGNS LIMITED	Company Number	03280499
		Safe Number	UK02938953
Registered Address	MISTRESS PAGES HOUSE	Trading Address	Mistress Pages House 13B High Street Windsor Berkshire SL4 1LD
	13B HIGH STREET
	WINDSOR
	SL4 1LD

Website Address	http://www.delecuona.com
Telephone Number	01753830301	Fax Number
TPS	No	FPS	No
Incorporation Date	19/11/1996	Company Status	Active - Accounts Filed
Previous Name	MAILGAME LIMITED	Type	Private limited with Share Capital
Date of Change	17/12/1996	Filing Date of Accounts	23/12/2011
		Share Capital	£48,117
SIC03	1740	Currency	GBP
SIC03 Description	MANUFACTURE OF MADE-UP TEXTILES, NOT APPAREL
SIC07	13923
SIC07 Description	MANUFACTURE OF HOUSEHOLD TEXTILES
Principal Activity	Retail sale of textiles.

CREDIT RECOMENDATION

Current Credit Limit: £51,000

DIRECTORS/MANAGEMENT

Total Current Directors	1
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	5

Current Directors

Name	Bernadette Marie De Le Cuona	Date of Birth	15/05/1953
Officers Title	Ms	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	11/12/1996
Address	Mistress Pages House, 13b High Street, Windsor, SL4 1LD

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
MRS BERNADETTE DE LE CUONA	40,900 ORDINARY GBP 1.00
GRANT PEARSON	7,217 ORDINARY GBP 1.00

PAYMENT INFORMATION

Payment Information Summary

Total number of Invoices available	6
Total number of Invoices paid within or up to 30 days after the due date	6
Total number of Invoices paid more than 30 days after the due date	0
Total number of Invoices currently outstanding where the due date has not yet been reached	0
Total number of Invoices currently outstanding beyond the due date

Mortgage Summary

Outstanding	1
Satisfied	0

Mortgage Details

Mortgage Type:	DEBENTURE DEED
Date Charge Created:	26/01/98
Date Charge Registered:	29/01/98
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	LLOYDS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE 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

GROUP STRUCTURE & AFFILIATED COMPANIES

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group structure

No group structure

FINANCIAL INFORMATION

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder Funds	Employees
31/03/2011	-	-	£1,184,802	-
31/03/2010	-	-	£1,182,425	-
31/03/2009	-	-	£1,178,479	-

Profit & Loss

Date Of Accounts	31/03/11	(%)	31/03/10	(%)	31/03/09	(%)	31/03/08	(%)	31/03/07
Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
Turnover	-	-	-	-	-	-	-	-	-
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-
Wages & Salaries	-	-	-	-	-	-	-	-	-
Directors Emoluments	-	-	-	-	-	-	-	-	-
Operating Profit	-	-	-	-	-	-	-	-	-
Depreciation	£31,743	45.5%	£21,823	11.6%	£19,550	-2.7%	£20,091	7.3%	£18,729
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	-	-	-
Taxation	-	-	-	-	-	-	-	-	-
Profit After Tax	-	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

Date Of Accounts	31/03/11	(%)	31/03/10	(%)	31/03/09	(%)	31/03/08	(%)	31/03/07
Tangible Assets	£91,412	-20.1%	£114,427	261.5%	£31,654	-29.9%	£45,129	-18.6%	£55,411
Intangible Assets	0	-	0	-	0	-	0	-	0
Total Fixed Assets	£91,412	-20.1%	£114,427	261.5%	£31,654	-29.9%	£45,129	-18.6%	£55,411
Stock	£436,389	-7.1%	£469,945	-17.4%	£569,118	43.4%	£396,928	23.9%	£320,432
Trade Debtors	£736,836	-3.8%	£765,820	53.5%	£499,062	21.5%	£410,632	8.5%	£378,561
Cash	£556,793	-3%	£574,187	-28.4%	£801,975	30.4%	£614,996	66.9%	£368,585
Other Debtors	0	-	0	-	0	-	0	-	0
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	£1,730,018	-4.4%	£1,809,952	-3.2%	£1,870,155	31.5%	£1,422,556	33.3%	£1,067,578
Trade Creditors	£636,628	-14.2%	£741,954	2.6%	£723,330	57.1%	£460,315	58.7%	£290,085
Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
Other Short Term Finance	0	-	0	-	0	-	0	-	0
Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	0
Total Current Liabilities	£636,628	-14.2%	£741,954	2.6%	£723,330	57.1%	£460,315	58.7%	£290,085
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	31/03/11	(%)	31/03/10	(%)	31/03/09	(%)	31/03/08	(%)	31/03/07
Called Up Share Capital	£48,117	-	£48,117	-	£48,117	-	£48,117	-	£48,117
P & L Account Reserve	£1,013,996	0.2%	£1,011,619	0.4%	£1,007,673	20.5%	£836,564	26.4%	£662,098
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	£122,689	-	£122,689	-	£122,689	-	£122,689	-	£122,689
Shareholder Funds	£1,184,802	0.2%	£1,182,425	0.3%	£1,178,479	17%	£1,007,370	20.9%	£832,904

Other Financial Items

Date Of Accounts	31/03/11	(%)	31/03/10	(%)	31/03/09	(%)	31/03/08	(%)	31/03/07
Net Worth	£1,184,802	0.2%	£1,182,425	0.3%	£1,178,479	17%	£1,007,370	20.9%	£832,904
Working Capital	£1,093,390	2.4%	£1,067,998	-6.9%	£1,146,825	19.2%	£962,241	23.8%	£777,493
Total Assets	£1,821,430	-5.3%	£1,924,379	1.2%	£1,901,809	29.6%	£1,467,685	30.7%	£1,122,989
Total Liabilities	£636,628	-14.2%	£741,954	2.6%	£723,330	57.1%	£460,315	58.7%	£290,085
Net Assets	£1,184,802	0.2%	£1,182,425	0.3%	£1,178,479	17%	£1,007,370	20.9%	£832,904

Miscellaneous

Date Of Accounts	31/03/11	(%)	31/03/10	(%)	31/03/09	(%)	31/03/08	(%)	31/03/07
Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
Capital Employed	£1,184,802	0.2%	£1,182,425	0.3%	£1,178,479	17%	£1,007,370	20.9%	£832,904
Number of Employees	-	-	-	-	-	-	-	-	-
Auditors
Auditor Comments	The company is exempt from audit
Bankers
Bank Branch Code

Ratios

Date Of Accounts	31/03/11	31/03/10	31/03/09	31/03/08	31/03/07
Pre-tax profit margin %	-	-	-	-	-
Current ratio	2.72	2.44	2.59	3.09	3.68
Sales/Net Working Capital	-	-	-	-	-
Gearing %	0	0	0	0	0
Equity in %	65	61.40	62	68.60	74.20
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	2.03	1.80	1.79	2.22	2.58
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	0.53	0.62	0.61	0.45	0.34
Total Debt Ratio	0.53	0.62	0.61	0.45	0.34
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	-	-	-	-	-

FOREIGN EXCHANGE RATES

ADDITIONAL INFORMATION

Commentary

No exact match CCJs are recorded against the company.
The company's credit rating has increased from 48 to 77 which indicates very good creditworthiness.
The credit limit on this company has risen 250.9% in comparison to the previously suggested credit limit.
There is insufficient data to indicate a change in this companies percentage of sales.
Net Worth increased by 0.3% during the latest trading period.
A 1.2% growth in Total Assets occurred during the latest trading period.
There is insufficient data to indicate a change in this companies pre-tax profit.
The company saw a decrease in their Cash Balance of 28.4% during the latest trading period.
The company is exempt from audit.
No recent changes in directorship are recorded.
The company is not part of a group.
The positive change in the P&L Account Reserve suggests that the company made a profit after tax and other appropriations.
The company was established over 15 years ago.

Current Company Secretary

Name	Hugh Jackson	Date of Birth	07/06/1962
Officers Title	Mr	Nationality	British
Present Appointments	47	Function	Company Secretary
Appointment Date	01/08/2004
Address	Landswood, 193 Almners Road, Lyne, KT16 0BL

Status History

No Status History found

Event History

Date	Description
12/01/2012	New Accounts Filed
24/12/2011	Annual Returns
10/01/2011	New Accounts Filed
29/12/2010	Annual Returns
06/03/2010	Annual Returns
28/01/2010	New Accounts Filed
30/01/2009	New Accounts Filed
28/11/2008	Annual Returns
16/01/2008	New Accounts Filed
01/02/2007	New Accounts Filed
14/02/2006	New Accounts Filed
08/02/2005	New Accounts Filed
09/12/2004	Annual Returns
18/09/2004	Directors Data Refresh
30/08/2004	Change in Reg.Office

Previous Company Names

Date	Previous Name	Companies House Documents
17/12/1996	MAILGAME LIMITED	View Document

Creditor Details

No Creditor Data

Total Value

Trade Debtors / Bad Debt Detail

No Debtor Data

Total Value

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Christine Jean Howe	0	1
Mairead Garrihy	0	1
Darren Hersey	0	2
INSTANT COMPANIES LIMITED	2435	120334
SWIFT INCORPORATIONS LIMITED	2584	263481

NOTES & COMMENTS

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.14
UK Pound	1	Rs.77.86
Euro	1	Rs.66.06

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.