MIRA
INFORM REPORT
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Report Date : |
31.12.2013 |
IDENTIFICATION DETAILS
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Name : |
OCHRE BLUE LTD. |
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Registered Office : |
8 Islington
House, |
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Country : |
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Financials (as on) : |
30.04.2012 |
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Date of Incorporation : |
09.11.2010 |
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Com. Reg. No.: |
07434616 |
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Legal Form : |
Private Independent Company |
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Line of Business : |
Engaged in
crafting of leather accessories such as stylish handbags |
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No. of Employees : |
02 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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, 2013
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Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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United Kingdom |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
United Kingdom ECONOMIC OVERVIEW
The UK, a
leading trading power and financial center, is the second largest economy in
Europe after Germany. 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 aimed 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 21% by 2014.
The Bank of England (BoE) implemented an asset purchase program of up to £375
billion (approximately $605 billion) as of December 2012. 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). In 2012, weak consumer spending and subdued business investment
weighed on the economy. GDP fell 0.1%, and the budget deficit remained
stubbornly high at 7.7% of GDP. Public debt continued to increase.
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Source : CIA |
Company
name & address
Ochre Blue Ltd.
8 Islington House
Upper Street
London, N1 2XQ
United Kingdom
Tel: 020 7036 3500
Web: www.ochreblue.com
Synthesis
Employees: 2
Company Type: Private Independent
Quoted Status: Non-quoted
Company
Incorporation Date: 09-Nov-2010
Auditor: Everett & Son
Financials in: USD (Millions)
Fiscal Year End: 30-Apr-2012
Reporting
Currency: British Pound Sterling
Annual Sales: NA
Total Assets: 0.3
Business
Description
Engaged in
crafting of leather accessories such as stylish handbags.
Industry
Industry
Miscellaneous Wholesale
ANZSIC 2006: 3739 - Other Goods Wholesaling Not
Elsewhere Classified
ISIC Rev 4: 4690 - Non-specialized wholesale trade
NACE Rev 2: 4690 - Non-specialised wholesale trade
NAICS 2012: 423990 - Other Miscellaneous Durable Goods
Merchant Wholesalers
UK SIC 2007: 4690 - Non-specialised wholesale trade
US SIC 1987: 5099 - Durable Goods, Not Elsewhere
Classified
Key
Executives
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Name |
Title |
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Natalie Angelique Bolton |
Director |
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Anthony John Darcy Corlett |
Director |
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Dilip Shrikrishna Damle |
Director |
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Arjun Kulkarni |
Director |
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Mukund Vasudeo Kulkarni |
Director |
1 - Profit &
Loss Item Exchange Rate: USD 1 = GBP 0.627861
2 - Balance Sheet
Item Exchange Rate: USD 1 = GBP 0.6148738
Corporate
Overview
Location
8 Islington House
Upper Street
London, N1 2XQ
London County
United Kingdom
Tel: 020 7036 3500
Web: www.ochreblue.com
Sales GBP(mil): NA
Assets GBP(mil): 0.2
Employees: 2
Fiscal Year End: 30-Apr-2012
Industry: Miscellaneous
Capital Goods
Registered Address:
8 Islington House
313 314 Upper
Street
London, N1 2XQ
United Kingdom
Incorporation
Date: 09-Nov-2010
Company Type: Private
Independent
Quoted Status: Not
Quoted
Registered No.(UK): 07434616
Director: Natalie
Angelique Bolton
Industry Codes
ANZSIC 2006
Codes:
3739 - Other
Goods Wholesaling Not Elsewhere Classified
ISIC Rev 4 Codes:
4690 - Non-specialized
wholesale trade
NACE Rev 2 Codes:
4690 - Non-specialised
wholesale trade
NAICS 2012 Codes:
423990 - Other
Miscellaneous Durable Goods Merchant Wholesalers
US SIC 1987:
5099 - Durable
Goods, Not Elsewhere Classified
UK SIC 2007:
4690 - Non-specialised wholesale trade
Business Description
Engaged in
crafting of leather accessories such as stylish handbags.
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executive report
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Board of
Directors |
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Director |
Director/Board Member |
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Director |
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Director |
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Director |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Directors
and Shareholders Report
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Main Office Address: |
Tel: 020 7036 3500 |
Annual Return Date: 09 Nov 2012 |
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Individual Directors |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
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Current |
19 Feb 1970 |
8 Islington House, 313 - 314 Upper Street, |
09 Jan 2013 |
NA |
Current:1 |
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Current |
16 Oct 1968 |
14 Elmore Street, |
09 Nov 2010 |
NA |
Current:1 |
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Current |
15 Jul 1950 |
8 Islington House, 313 - 314 Upper Street, |
09 Jan 2013 |
NA |
Current:1 |
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Current |
05 Oct 1979 |
8 Islington House, 313 - 314 Upper Street, |
09 Jan 2013 |
NA |
Current:1 |
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Current |
11 Nov 1982 |
8 Islington House, 313 - 314 Upper Street, |
09 Jan 2013 |
NA |
Current:1 |
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Current |
30 Nov 1960 |
8 Islington House, 313 - 314 Upper Street, |
09 Jan 2013 |
NA |
Current:1 |
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Current |
03 Mar 1948 |
42 Carter Lane, |
09 Nov 2010 |
NA |
Current:4 |
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Corporate Directors |
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There are no corporate directors for this company. |
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Individual Secretaries |
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There are no individual secretaries for this company. |
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Corporate Secretaries |
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There are no corporate secretaries for this company. |
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Individual Shareholders |
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Name |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
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Alison Elizabeth Stewart |
25000 Ordinary GBP 1.00 |
Ordinary |
25,000 |
1.00 |
25,000.00 |
22.73 |
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Anthony John Corlett |
5000 Ordinary GBP 1.00 |
Ordinary |
5,000 |
1.00 |
5,000.00 |
4.55 |
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Ivan James Lister |
25000 Ordinary GBP 1.00 |
Ordinary |
25,000 |
1.00 |
25,000.00 |
22.73 |
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Lowell Harder |
5000 Ordinary GBP 1.00 |
Ordinary |
5,000 |
1.00 |
5,000.00 |
4.55 |
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Shruti Tieup Private Limited |
50000 Ordinary GBP 1.00 |
Ordinary |
50,000 |
1.00 |
50,000.00 |
45.45 |
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Corporate Shareholders |
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There are no corporate shareholders for this company. |
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Annual
Profit & Loss
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
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30-Apr-2012 |
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Period Length |
77 Weeks |
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Filed Currency |
GBP |
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Exchange Rate
(Period Average) |
0.627861 |
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Consolidated |
No |
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Depreciation |
0.0 |
Annual
Balance Sheet
Financials in: USD (mil)
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30-Apr-2012 |
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Filed Currency |
GBP |
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Exchange Rate |
0.614874 |
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Consolidated |
No |
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Total Tangible Fixed Assets |
0.0 |
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Intangible Assets |
0.0 |
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Investments |
0.0 |
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Total Fixed Assets |
0.0 |
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Total Stocks Work In Progress |
0.0 |
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Total Debtors |
0.1 |
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Cash and Equivalents |
0.1 |
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Other Current Assets |
0.0 |
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Total Current Assets |
0.2 |
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Total Assets |
0.3 |
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Other Current Liabilities |
0.3 |
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Total Current Liabilities |
0.3 |
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Other Long Term Liabilities |
0.4 |
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Total Long Term Liabilities |
0.4 |
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Deferred Taxation |
0.0 |
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Other Provisions |
0.0 |
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Total Provisions |
0.0 |
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Issued Capital |
0.2 |
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Share Premium Accounts |
0.0 |
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Revaluation Reserve |
0.0 |
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Retained Earnings |
-0.6 |
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Other Reserves |
0.0 |
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Minority Interests (Balance Sheet) |
0.0 |
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Total Shareholders Funds |
-0.5 |
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Net Worth |
-0.5 |
Annual
Ratios
Financials in: USD (mil)
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30-Apr-2012 |
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Period Length |
77 Weeks |
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Filed Currency |
GBP |
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Exchange Rate |
0.614874 |
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Consolidated |
No |
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Current Ratio |
0.77 |
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Liquidity Ratio |
0.65 |
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Equity Gearing |
-17,791.00% |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.00 |
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UK Pound |
1 |
Rs.102.17 |
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Euro |
1 |
Rs.85.19 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.