MIRA INFORM REPORT

Report Date :

03.09.2014

IDENTIFICATION DETAILS

Name :	JOHN DOBSON (MILNTHORPE) LIMITED

Registered Office :	Bela Mill, Milnthorpe, Cumbria, LA7 7QP

Country :	United Kingdom

Financials (as on) :	31.12.2012

Date of Incorporation :	15.05.1925

Legal Form :	Private limited with Share Capital

Line of Business :	Manufacture of other plastics products.

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

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 01, 2014

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

United Kingdom

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderate Low Risk	B1
Moderate Risk	B2
Moderate High Risk	C1
High Risk	C2
Very High Risk	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. 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, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output. 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. Falling 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 included 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 about 11% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 largely due to 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 £375 billion (approximately $605 billion) as of December 2013. 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, however, in 2013 GDP grew 1.4%, accelerating unexpectedly in the second half of the year because of greater consumer spending and a recovering housing market. The budget deficit is falling but remains high at nearly 7% and public debt has continued to increase.

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

Company Name:	JOHN DOBSON (MILNTHORPE) LIMITED
Company Number:	00205983

Registered Address	BELA MILL	Trading Address	Bela Mill
	MILNTHORPE		Milnthorpe
	CUMBRIA		Cumbria
	LA7 7QP		LA7 7QP
Website Address	http://www.combs.co.uk	Telephone Number	01539563528
Fax Number	No	TPS	No
FPS	-	Incorporate Date	15/05/1925
Type	Private limited with Share Capital	Previous Name	-
FTSE Index	-	Date of Change	27/09/2013
Filing Date of Accounts	-	Currency	GBP
Share Capital	£4,503	SIC07	22290
Charity Number	-	SIC07 Description	MANUFACTURE OF OTHER PLASTIC PRODUCTS
Principal Activity	Manufacture of other plastics products.

DIRECTORS/MANAGEMENT

Current Directors

Name	Jeremy Paul Dickinson	Date of Birth	18/09/1971
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	30/08/2007
Address	8a Blackbull Lane, Fulwood, Preston, PR2 3PU
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Andrew Gerard Dickinson	Date of Birth	18/04/1970
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	30/08/2007
Address	11 Magnolia Close, Fulwood, Preston, PR2 9PB

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Gerald Edward Dickinson	1	2
Gerald Edward Dickinson	1	2
Winifred Mary Cattermole	0	1
Jean Mary Gee	0	1
Sheila Brown	0	1
Jean Mary Gee	0	1

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 -	-

Exact CCJ Details

No CCJs found

Possible CCJs Details

There are no possible CCJ details

Writ Details

No writs found

SHARE & SHARE CAPITAL INFORMATION

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
MRS JEAN MARY GEE	GBP	1,125	ORDINARY	1	24.98
MRS SHEILA BROWN	GBP	1,125	ORDINARY	1	24.98
ANDREW GERARD DICKINSON	GBP	1,125	ORDINARY	1	24.98
JEREMY PAUL DICKINSON	GBP	1,125	ORDINARY	1	24.98
MRS SHEILA BROWN	GBP	1	ORDINARY C	1	0.02
ANDREW GERARD DICKINSON	GBP	1	ORDINARY A	1	0.02
JEREMY PAUL DICKINSON	GBP	1	ORDINARY B	1	0.02

PAYMENT INFORMATION

Mortgage Summary

Total Mortgage	2
Summary	2
Satisfied	0

Trade debtors / Bad debts Summary

Total Number of Documented Trade	1
Total Value of Documented Trade	£561

Trade Payment Information

Average Invoice Value	138.62
Invoices available	5
Paid	1
Outstanding	4

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

Enquiries Trend

There have been 54 enquiries in the last 12 months.

There are an average of 5 reports taken each month.

	3 MONTHS	6 MONTHS	9 MONTHS
Enquiries	21	29	36

Mortgage Details

Mortgage Type:	FIXED & FLOATING CHARGE
Date Charge Created:	28/03/08
Date Charge Registered:	09/04/08
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS 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 CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	04/03/76
Date Charge Registered:	25/03/76
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK LTD
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	BELA MILLS MIENTHORPE CUMBRIA

Creditor Details

	Total Number	Total Value
Trade Creditors	0	-

No Creditor Data

Trade Debtors / Bad Debt Detail

	Total Number of Documented Trade	Total Value of Documented Trade
Trade Debtors	1	£561

Company Name	Amount	Statement Date
Wacs Trade Centre Limited	£561	26/01/2010

	Within Terms	0-30 Days	31-60 Days	61-90 Days	91+ Days
Paid	0	1	0	0	0
Outstanding	0	1	1	2	0

GROUP STRUCTURE & AFFILIATED COMPANIES

Statistics

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 Employee
31/12/2012	-	-	£185,599	-
31/12/2011	-	-	£190,805	-
31/12/2010	-	-	£223,313	-

Profit & Loss

Date Of Accounts	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08
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	£2,688	-21.9%	£3,440	-18.7%	£4,233	-20.5%	£5,325	-22.4%	£6,861
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	-	-	-
Taxation	-	-	-	-	-	-	-	-	-
Profit After Tax	-	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

Date Of Accounts	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08
Tangible Assets	£45,122	24%	£36,395	-10.8%	£40,785	-9.4%	£45,018	-10.6%	£50,343
Intangible Assets	0	-100%	£4,800	-50%	£9,600	-33.3%	£14,400	-25%	£19,200
Total Fixed Assets	£45,122	9.5%	£41,195	-18.2%	£50,385	-15.2%	£59,418	-14.6%	£69,543
Stock	£202,299	20%	£168,540	-19.8%	£210,025	-0.4%	£210,898	-20.9%	£266,674
Trade Debtors	£101,372	-26.7%	£138,372	12.7%	£122,805	-43.5%	£217,539	2.3%	£212,615
Cash	£24,702	24.4%	£19,857	31.8%	£15,061	-45%	£27,394	80.3%	£15,191
Other Debtors	0	-	0	-	0	-	0	-	0
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	£328,373	0.5%	£326,769	-6.1%	£347,891	-23.7%	£455,831	-7.8%	£494,480
Trade Creditors	£184,776	5%	£176,021	0.6%	£174,963	-31.1%	£253,929	-14.2%	£295,966
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	£184,776	5%	£176,021	0.6%	£174,963	-31.1%	£253,929	-14.2%	£295,966
Bank Loans & Overdrafts and LTL	£3,120	174.2%	£1,138	-	0	-	0	-	0
Other Long Term Finance	0	-	0	-	0	-	0	-	0
Total Long Term Liabilities	£3,120	174.2%	£1,138	-	0	-	0	-	0

Capital & Reserves

Date Of Accounts	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08
Called Up Share Capital	£4,503	-	£4,503	-	£4,503	-	£4,503	0.1%	£4,500
P & L Account Reserve	£181,096	-2.8%	£186,302	-14.9%	£218,810	-14.8%	£256,817	-2.6%	£263,557
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	£185,599	-2.7%	£190,805	-14.6%	£223,313	-14.5%	£261,320	-2.5%	£268,057

Other Financial Items

Date Of Accounts	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08
Net Worth	£185,599	-0.2%	£186,005	-13%	£213,713	-13.4%	£246,920	-0.8%	£248,857
Working Capital	£143,597	-4.7%	£150,748	-12.8%	£172,928	-14.4%	£201,902	1.7%	£198,514
Total Assets	£373,495	1.5%	£367,964	-7.6%	£398,276	-22.7%	£515,249	-8.6%	£564,023
Total Liabilities	£187,896	6.1%	£177,159	1.3%	£174,963	-31.1%	£253,929	-14.2%	£295,966
Net Assets	£185,599	-2.7%	£190,805	-14.6%	£223,313	-14.5%	£261,320	-2.5%	£268,057

Cash Flow

Date Of Accounts	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08
Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
Capital Employed	£188,719	-1.7%	£191,943	-14%	£223,313	-14.5%	£261,320	-2.5%	£268,057

Ratios

Date Of Accounts	31/12/12	31/12/11	31/12/10	31/12/09	31/12/08
Pre-tax profit margin %	-	-	-	-	-
Current ratio	1.78	1.86	1.99	1.80	1.67
Sales/Net Working Capital	-	-	-	-	-
Gearing %	1.70	0.60	0	0	0
Equity in %	49.70	52.50	57.50	52.20	49.20
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	0.68	0.89	0.78	0.96	0.76
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	0.99	0.92	0.78	0.97	1.10
Total Debt Ratio	1.01	0.92	0.78	0.97	1.10
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	-	-	-	-	-

FOREIGN EXCHANGE RATES

N/a

ADDITIONAL INFORMATION

Current Company Secretary

Name	Andrew Gerard Dickinson	Date of Birth	18/04/1970
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Company Secretary
Appointment Date	11/04/2008
Address	11 Magnolia Close, Fulwood, Preston, PR2 9PB

Number of Employees	-	-	-	-	-	-	-	-	-
Auditors
Auditor Comments	The company is exempt from audit
Bankers	BARCLAYS BANK PLC
Bank Branch Code	20-45-28

Status History

No Status History found

Event History

Date	Description
28/07/2014	Annual Returns
03/10/2013	New Accounts Filed
26/07/2013	Annual Returns
26/09/2012	New Accounts Filed
08/09/2012	Annual Returns
03/10/2011	New Accounts Filed
03/08/2011	Ms S. Brown has left the board
23/07/2011	Annual Returns
02/10/2010	New Accounts Filed
02/10/2010	New Accounts Filed
30/07/2010	Annual Returns
29/10/2009	New Accounts Filed
26/07/2009	Annual Returns
07/11/2008	New Accounts Filed
21/10/2008	New Company Secretary Mr A.G. Dickinson appointed

Previous Company Names

No Previous Names found

NOTES & COMMENTS

Commentary

No exact match CCJs are recorded against the company.
There is insufficient data to indicate a change in this company's percentage of sales.
Net Worth decreased by 0.2% during the latest trading period.

A 1.5% growth in Total Assets occurred during the latest trading period.
There is insufficient data to indicate a change in this company's pre-tax profit.
The company saw an increase in their Cash Balance of 24.4% 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 movement in accumulated earnings would indicate that the company incurred a loss after tax and other appropriations, including dividends.
The company was established over 89 years ago.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.61
UK Pound	1	Rs.100.49
Euro	1	Rs.79.56

INFORMATION DETAILS

Analysis Done by :	SUM

Report Prepared by :	SMN

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.