MIRA INFORM REPORT

 

 

Report Date :

29.11.2012

 

IDENTIFICATION DETAILS

 

Name :

GRAEME ELLISDON LIMITED

 

 

Registered Office :

Riverside House, 14 Prospect Place Welwyn Al6 9en

 

 

Country :

United Kingdom

 

 

Financials (as on) :

30.06.2011

 

 

Date of Incorporation :

15.05.1995

 

 

Reg. No.:

03056677

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Manufacture of Nonwovens Goods Not 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

 

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2011)

Current Rating

(30.06.2012)

United Kingdom

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

United Kingdom - ECONOMIC OVERVIEW

 

The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Over the past two decades, the government has greatly reduced public ownership and contained the growth of social welfare programs. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining and the UK became a net importer of energy in 2005. Services, particularly banking, insurance, and business services, account by far for the largest proportion of GDP while industry continues to decline in importance. After emerging from recession in 1992, Britain's economy enjoyed the longest period of expansion on record during which time growth outpaced most of Western Europe. In 2008, however, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Sharply declining home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets; these include nationalizing parts of the banking system, temporarily cutting taxes, suspending public sector borrowing rules, and moving forward public spending on capital projects. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated a five-year austerity program, which aims to lower London's budget deficit from over 10% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 because of slower-than-expected economic growth and the impact of the euro-zone debt crisis. The CAMERON government raised the value added tax from 17.5% to 20% in 2011. It has pledged to reduce the corporation tax rate to 23% by 2015. The Bank of England (BoE) implemented an asset purchase program of up to £325 billion (approximately $525 billion) as of February 2011. During times of economic crisis, the BoE coordinates interest rate moves with the European Central Bank, but Britain remains outside the European Economic and Monetary Union (EMU).

 

Source : CIA


 

Company Name

GRAEME ELLISDON LIMITED

Company Number

03056677

 

 

 

 

Registered Address

RIVERSIDE HOUSE

Trading Address

5 Dudley Street
Luton
Bedfordshire
LU2 0NP

 

14 PROSPECT PLACE

 

 

WELWYN

 

 

AL6 9EN

 

 

 

 

 

Website Address

http://www.ospreylondon.com

 

 

Telephone Number

-

Fax Number

 

TPS

-

FPS

No

Incorporation Date

15/05/1995

Company Status

Active - Accounts Filed

Previous Name

 

Type

Private limited with Share Capital

Date of Change

-

Filing Date of Accounts

30/03/2012

 

 

Share Capital

£20,002

SIC03

1753

Currency

GBP

SIC03 Description

MANUFACTURE OF NONWOVENS GOODS NOT APPAREL

SIC07

13950

SIC07 Description

MANUFACTURE OF NON-WOVENS AND ARTICLES MADE FROM NON-WOVENS, EXCEPT APPAREL

Principal Activity

Manufacture nonwovens and goods, not apparel and retail of footwear and leather goods.

 

 

Commentary

 

No exact match CCJs are recorded against the company.

The company's credit rating has increased from 72 to 86 which indicates very good creditworthiness.

The credit limit on this company has risen 300% in comparison to the previously suggested credit limit.

Net Worth increased by 18% during the latest trading period.

A 32.5% growth in Total Assets occurred during the latest trading period.

The company saw an increase in their Cash Balance of 999.9% during the latest trading period.

The audit report contains no adverse comments.

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 17 years ago.

 

Last 3 Years Credit Rating/Limit

 

Date

Limit

31/12/2011

£100,000

31/12/2010

£0

31/12/2009

£21,500

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

30/06/2011

-

-

£1,467,843

-

31/03/2010

-

-

£1,249,093

-

31/03/2009

-

-

£1,097,536

-

 

 

Payment Information Summary

 

Days Beyond Terms

Trend Indicator

                         Average Payment Experience  

 

 

N/A

10

Company DBT

UK Average DBT

Steady

   

Improving Worsening

Be the first to leave a payment experience
for this company


Within Terms 91+ Days

 

 

 

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 -

-

 

 

 

 

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

 

Mortgage Summary

 

Outstanding

5

Satisfied

0

 

Total Current Directors

2

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

5

 

 

Current Directors

 

Name

Graeme James Ellisdon

Date of Birth

07/07/1955

Officers Title

Mr

Nationality

British

Present Appointments

5

Function

Director

Appointment Date

15/05/1995

 

 

Address

The Barnhouse Three Houses Lane,  Codicote,  Hitchin,  SG4 8TA

 

 

 

 

 

Name

Alexandra Rachel Teresa Ellisdon

Date of Birth

08/02/1965

Officers Title

Ms

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

03/11/2007

 

 

Address

The Barn House,  Three Houses Lane,  Codicote,  SG4 8TA

 

 

 

 

 

 

Current Company Secretary

 

Name

Graeme James Ellisdon

Date of Birth

07/07/1955

Officers Title

Mr

Nationality

British

Present Appointments

5

Function

Company Secretary

Appointment Date

10/01/1998

 

 

Address

The Barnhouse Three Houses Lane,  Codicote,  Hitchin,  SG4 8TA

 

 

 

 

 

 

Top 20 Shareholders

 

Name

Individual Share Value

GRAEME JAMES ELLISDON

10,001 ORDINARY GBP 1.00

ALEXANDRA R.T ELLISDON

10,001 ORDINARY GBP 1.00

 

 

Profit & Loss

 

Date Of Accounts

30/06/11

31/03/10

31/03/09

31/03/08

31/03/07

Weeks

65

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

£101,879

£44,304

£27,898

£33,551

£27,392

Audit Fees

-

-

-

-

-

Interest Payments

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

Taxation

-

-

-

-

-

Profit After Tax

-

-

-

-

-

Dividends Payable

-

-

-

-

-

Retained Profit

-

-

-

-

-

 

 

Balance Sheet

 

Date Of Accounts

30/06/11

31/03/10

31/03/09

31/03/08

31/03/07

Tangible Assets

£2,618,449

£1,921,190

£1,695,395

£1,554,144

£1,554,112

Intangible Assets

£23,001

£25,112

£26,801

£28,490

£30,179

Total Fixed Assets

£2,641,450

£1,946,302

£1,722,196

£1,582,634

£1,584,291

Stock

£957,986

£663,800

£445,412

£201,466

£173,961

Trade Debtors

£585,717

£684,122

£531,894

£131,739

£400,625

Cash

£377,132

£1,053

£475

£244

£17,985

Other Debtors

0

£147,740

0

£835

0

Miscellaneous Current Assets

0

0

0

0

0

Total Current Assets

£1,920,835

£1,496,715

£977,781

£334,284

£592,571

Trade Creditors

£2,594,583

£1,648,234

£1,022,074

£347,625

£485,665

Bank Loans & Overdrafts

0

0

0

0

£25,450

Other Short Term Finance

0

0

£4,598

0

0

Miscellaneous Current Liabilities

0

0

0

0

0

Total Current Liabilities

£2,594,583

£1,648,234

£1,026,672

£347,625

£511,115

Bank Loans & Overdrafts and LTL

£499,859

£545,690

£575,769

£508,712

£584,076

Other Long Term Finance

0

0

0

0

0

Total Long Term Liabilities

£499,859

£545,690

£575,769

£508,712

£558,626

 

 

Capital & Reserves

 

Date Of Accounts

30/06/11

31/03/10

31/03/09

31/03/08

31/03/07

Called Up Share Capital

£20,002

£20,002

£20,002

£20,002

£20,002

P & L Account Reserve

£1,175,474

£956,724

£805,167

£768,212

£814,752

Revaluation Reserve

£272,367

£272,367

£272,367

£272,367

£272,367

Sundry Reserves

-

-

-

-

-

Shareholder Funds

£1,467,843

£1,249,093

£1,097,536

£1,060,581

£1,107,121

 

 

Other Financial Items

 

Date Of Accounts

30/06/11

31/03/10

31/03/09

31/03/08

31/03/07

Net Worth

£1,444,842

£1,223,981

£1,070,735

£1,032,091

£1,076,942

Working Capital

-£673,748

-£151,519

-£48,891

-£13,341

£81,456

Total Assets

£4,562,285

£3,443,017

£2,699,977

£1,916,918

£2,176,862

Total Liabilities

£3,094,442

£2,193,924

£1,602,441

£856,337

£1,069,741

Net Assets

£1,467,843

£1,249,093

£1,097,536

£1,060,581

£1,107,121

 

 

Cash Flow

 

Date Of Accounts

30/06/11

31/03/10

31/03/09

31/03/08

31/03/07

Net Cashflow from Operations

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

Increase in Cash

-

-

-

-

-

 

 

Miscellaneous

 

Date Of Accounts

30/06/11

31/03/10

31/03/09

31/03/08

31/03/07

 

Contingent Liability

NO

NO

NO

NO

NO

Capital Employed

£1,967,702

£1,794,783

£1,673,305

£1,569,293

£1,665,747

 

Number of Employees

-

-

-

-

-

 

Auditors

RS PARTNERSHIP LTD

Auditor Comments

The audit report contains no adverse comments

Bankers

 

Bank Branch Code

 

 

 

Ratios

 

Date Of Accounts

30/06/11

31/03/10

31/03/09

31/03/08

31/03/07

Pre-tax profit margin %

-

-

-

-

-

Current ratio

0.74

0.91

0.95

0.96

1.16

Sales/Net Working Capital

-

-

-

-

-

Gearing %

34.10

43.70

52.50

48

52.80

Equity in %

32.30

36.50

41.10

56.20

51.60

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

0.37

0.50

0.51

0.38

0.82

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

1.76

1.31

0.93

0.32

0.46

Total Debt Ratio

2.10

1.75

1.46

0.80

0.96

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

 

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

02/06/2012

Annual Returns

10/04/2012

New Accounts Filed

23/07/2011

Annual Returns

13/01/2011

New Accounts Filed

29/05/2010

Annual Returns

29/12/2009

New Accounts Filed

29/12/2009

New Accounts Filed

21/06/2009

Annual Returns

06/02/2009

New Accounts Filed

23/09/2008

Annual Returns

01/09/2008

Change in Reg.Office

01/09/2008

Change of Company Postcode

31/03/2008

New Accounts Filed

18/02/2008

Ms L.E. Ellisdon has left the board

21/05/2007

New Accounts Filed

 

 

Previous Company Names

 

No Previous Names found

 

 

Statistics

 

Group

-

Linkages

0 companies

Countries

In 0 countries

 

Summary

 

Holding Company

-

Ownership Status

 

Ultimate Holding Company

-

 

 

Group structure

 

No group structure

 

 

Statistics

 

Group

0 companies

Linkages

0 companies

Countries

In 0 countries

 

Exact CCJ Details

 

No CCJs found

 

 

Possible CCJs Details

 

There are no possible CCJ details

 

 

Writ Details

 

No writs found

 

 

Mortgage Details

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

02/03/11

 

 

Date Charge Registered:

09/03/11

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

THE ROYAL BANK OF SCOTLAND PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

1 DUDLEY STREET LUTON T/NO. BD259753 AND ANY OTHER INTERESTS IN THE PROPERTY ALL RENTS AND PROCEEDSOF ANY INSURANCE

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

18/04/01

 

 

Date Charge Registered:

24/04/01

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

THE ROYAL BANK OF SCOTLAND PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

PROPERTY K/A 5 DUDLEY STREET LUTON BY WAY OF FIXED CHARGE THE BENEFIT OF ALL COVENANTS AND RIGHTS CONCERNING THE PROPERTY AND PLANT MACHINERY FIXTURES FITTINGS FURNITURE EQUIPMENT IMPLEMENTS AND UTENSILS THE GOODWILL OF ANY BUSINESS CARRIED ON AT THE PROPERTY AND THE PROCEEDS OF ANY INSURANCE AFFECTING THE PROPERTY OR ASSETS

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

09/06/97

 

 

Date Charge Registered:

13/06/97

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

THE ROYAL BANK OF SCOTLAND PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

F/H PROPERTY K/A THE STUDIO, CUTTS LANE, KIMPTON NORTH HERTFORDSHIRE HERTFORDSHIRE T/NO: HD337808 AND THE GOODWILL OF ANY BUSINESS BY WAY OF FIXED CHARGE THE BENEFIT OF ALL COVENANTS AND RIGHTS CONCERNING THE PROPERTY AND THE PLANT MACHINERY FIXTURES AND FITTINGS FURNITURE EQUIPMENT IMPLEMENTS AND UTENSILS

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

07/03/97

 

 

Date Charge Registered:

11/03/97

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

THE ROYAL BANK OF SCOTLAND PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

THE BARNS SUTTONS FARM COPPERS GREEN STALBANS HERTFORDSHIRE T/N HD270436 AND THE PRESENT AND FUTUREGOODWILL OF ANY BUSINESS BY WAY OF FIXED CHARGE THE BENEFIT OF ALL COVENANTS AND RIGHTS CONCERNING THE PROPERTY AND THE PLANT MACHINERY FIXTURES AND FITTINGS FURNITURE EQUIPMENT IMPLEMENTS AND UTENSILS

 

Mortgage Type:

DEBENTURE

Date Charge Created:

07/05/96

 

 

Date Charge Registered:

10/05/96

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

THE ROYAL BANK OF SCOTLAND 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 PROPERY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL FIXTURES AND FITTINGS AND FIXED PLANT AND MACHINERY

 

 

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

David John Mills

4

4

David John Mills

4

4

Laraine Elizabeth Ellisdon

2

2

LUCIENE JAMES LIMITED

346

4415

THE COMPANY REGISTRATION AGENTS LIMITED

106

1623

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.70

UK Pound

1

Rs.89.34

Euro

1

Rs.72.35

 

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

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.