MIRA INFORM REPORT

 

 

Report Date :

26.05.2012

 

IDENTIFICATION DETAILS

 

Name :

DRAGON PACKAGING LTD.

 

 

Registered Office :

Gable House, 239 Regents Park Road, Finchley, London, N3 3LF

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

07.05.2003

 

 

Com. Reg. No.:

04755583

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

Business support services

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

United Kingdom 

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

Company name & address 

 

Dragon Packaging Ltd.

Gable House

239 Regents Park Road

Finchley

London, N3 3LF

United Kingdom

 

 

Synthesis  

 

Employees:                  NA

Company Type:            Private Independent

Quoted Status:             Non-quoted Company

Incorporation Date:         07-May-2003    

Financials in:                 USD (Millions)

Fiscal Year End:                        31-Mar-2011

Reporting Currency:       British Pound Sterling

Annual Sales:               NA

Total Assets:                 1.9

 

Industry

Industry            Business support services

ANZSIC 2006:    6999 - Other Professional, Scientific and Technical Services Not Elsewhere Classified

NACE 2002:      7487 - Other business activities not elsewhere classified

NAICS 2002:     5619 - Other Support Services

UK SIC 2003:    7487 - Other business activities not elsewhere classified

US SIC 1987:    7389 - Business Services, Not Elsewhere Classified

 

           

Key Executives   

 

 

Name

Title

James Stephen Cunningham

Secretary

Gary Leech

Director

 

 

Financial Summary    

 

 

FYE: 31-Mar-2011

USD (mil)

Key Figures

 

Current Assets

1.50

Fixed Assets

0.37

Total Liabilities

1.51

Net Worth

0.30

 

Key Ratios

 

Current Ratio

0.99

Acid Test

0.78

 

Registered No.(UK): 04755583

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6433939

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6238497

 

 

Corporate Overview

 

Location

Gable House

239 Regents Park Road

Finchley

London, N3 3LF

London County

United Kingdom

           

Sales GBP(mil):             NA

Assets GBP(mil):           1.2

Employees:                   NA

Fiscal Year        End:    31-Mar-2011

Industry:                        Business Services

           

Registered Address:

Gable House

239 Regents Park Road Finchley

London, N3 3LF

United Kingdom

 

Incorporation Date:         07-May-2003

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(UK):       04755583

Director:                        Gary Leech

 

Contents

Industry Codes

Financial Data

 

 

Industry Codes

 

ANZSIC 2006 Codes:

6999     -          Other Professional, Scientific and Technical Services Not Elsewhere Classified

 

NACE 2002 Codes:

7487     -          Other business activities not elsewhere classified

 

NAICS 2002 Codes:

5619     -          Other Support Services

 

US SIC 1987:

7389     -          Business Services, Not Elsewhere Classified

 

UK SIC 2003:

7487     -          Other business activities not elsewhere classified

 

Financial Data

Financials in:

GBP(mil)

 

Assets:

1.2

Current Assets:

0.9

 

Fixed Assets:

0.2

 

Long Term Debt:

0.0

 

Total Liabilities:

1.0

 

Issued Capital:

NaN

 

Working Capital:

0.0

 

Net Worth:

0.2

 

 

 

Date of Financial Data:

31-Mar-2011

 

1 Year Growth

19.1%

 

 

 

EXECUTIvE REPORT

 

Board of Directors

 

Name

Title

Function

 

Gary Leech

 

Director

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

James Stephen Cunningham

 

Secretary

Company Secretary

 

 

Directors and Shareholders Report

 

Main Office Address:
Gable House
239 Regents Park Road
London
United Kingdom N3 3LF

 

Annual Return Date: 07 May 2011

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

James Stephen
Cunningham

Current

29 Aug 1974

11 River Way, 
Epsom, Surrey KT19 0HJ

07 May 2003

NA

Current:4
Previous:1
Disqualifications:0

 

Gary 
Leech

Current

22 Jul 1962

8 Stablegates, 
Wrexham, Wrexham LL14 2SX

07 May 2003

NA

Current:1
Previous:0
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors

 

Company Name

Status

Registered Address

Appointment Date

Resignation Date

Company Directors Limited

Previous

2 Woodberry Grove, North Finchley, 
North Finchley, London N12 0DR

07 May 2003

07 May 2003

 

 

 

 

Individual Secretaries

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

James Stephen
Cunningham

Current

29 Aug 1974

11 River Way, 
Epsom, Surrey KT19 0HJ

07 May 2003

NA

Current:4
Previous:1
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

 

Company Name

Status

Registered Address

Appointment Date

Resignation Date

Temple Secretaries Limited

Previous

788-790 Finchley Road, 
London , London NW11 7TJ

07 May 2003

07 May 2003

 

 

 

Individual Shareholders

 

Name

Share Details 
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

Gary Lee

50 Ordinary GBP 1.00

Ordinary

50

1.00

50.00

50.00

James Stephen Cunningham

25 Ordinary GBP 1.00

Ordinary

25

1.00

25.00

25.00

Stephen John Cunningham

25 Ordinary GBP 1.00

Ordinary

25

1.00

25.00

25.00

 

 

 

 

 

 

 

 

Corporate Shareholders

 

There are no corporate shareholders for this company.

 

 

Annual Profit & Loss

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.643394

0.627794

0.592803

0.498361

0.528925

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Depreciation

0.1

0.1

0.1

0.1

0.1

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.62385

0.659239

0.697666

0.503145

0.509853

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Total Tangible Fixed Assets

0.4

0.4

0.3

0.3

0.3

Intangible Assets

0.0

0.0

0.0

0.0

0.0

Investments

0.0

0.0

0.0

0.0

0.0

Total Fixed Assets

0.4

0.4

0.3

0.3

0.3

Total Stocks Work In Progress

0.3

0.3

0.3

0.3

0.3

Total Debtors

1.2

0.8

0.4

0.6

0.5

Cash and Equivalents

0.0

0.0

0.0

0.0

0.0

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

1.5

1.2

0.6

0.8

0.8

Total Assets

1.9

1.5

1.0

1.1

1.1

Other Current Liabilities

1.5

1.3

0.8

1.0

1.1

Total Current Liabilities

1.5

1.3

0.8

1.0

1.1

Other Long Term Liabilities

0.1

0.1

0.2

0.0

0.1

Total Long Term Liabilities

0.1

0.1

0.2

0.0

0.1

Deferred Taxation

0.0

0.0

0.0

0.0

0.0

Other Provisions

0.0

0.0

0.0

0.0

0.0

Total Provisions

0.0

0.0

0.0

0.0

0.0

Issued Capital

0.0

0.0

0.0

0.0

0.0

Share Premium Accounts

0.0

0.0

0.0

0.0

0.0

Revaluation Reserve

0.0

0.0

0.0

0.0

0.0

Retained Earnings

0.3

0.2

0.1

0.0

-0.1

Other Reserves

0.0

0.0

0.0

0.0

0.0

Minority Interests (Balance Sheet)

0.0

0.0

0.0

0.0

0.0

Total Shareholders Funds

0.3

0.2

0.1

0.0

-0.1

Net Worth

0.3

0.2

0.1

0.0

-0.1

Annual Cash Flows

Financials in: USD (mil)

 

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.643394

0.627794

0.592803

0.498361

0.528925

Consolidated

No

No

No

No

No

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.62385

0.659239

0.697666

0.503145

0.509853

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

0.99

0.92

0.83

0.79

0.70

Liquidity Ratio

0.78

0.67

0.47

0.53

0.47

Equity Gearing

16.11%

10.33%

5.87%

0.84%

-7.12%

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.73

UK Pound

1

Rs.87.26

Euro

1

Rs.69.84

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.