MIRA INFORM REPORT

 

 

Report No. :

344628

Report Date :

15.10.2015

 

IDENTIFICATION DETAILS

 

Name :

HOLMESTEAD SADDLERY (NI) LIMITED

 

 

Registered Office :

72Clanmaghery Road Tyrella, Downpatrick BT30  8SU

 

 

Country :

Ireland

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

29.06.2011

 

 

Com. Reg. No.:

NI608070

 

 

Legal Form :

Private limited

 

 

Line of Business :

Other Retail  Sale In Non-Specialised Stores

 

[We tried to confirm / obtain the detailed activity but the same is not available from any sources]

 

 

No. of Employees :

Not Available

 

 

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

Slow

 

 

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 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Ireland

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company Name and Address

 

HOLMESTEAD SADDLERY (NI) LIMITED

 

72CLANMAGHERY   ROAD

TYRELLA DOWNPATRICK BT30  8SU

 

 

Company No

 

NI608070

 

 

Company Status

 

Active    -    Accounts    Filed

 

 

Company Summary

 

Registered  Address

72 CLANMAGHERY  ROAD

Trading  Address

72 Clanmaghery  Road

 

TYRELLA

 

Tyrella

 

DOWNPATRICK

 

Downpatrick

 

BT30  8SU

 

County  Down

 

 

 

BT30  8SU

Website  Address

http://www.holmesteadsaddlery.com

 

 

Telephone  Number

014588600

Fax  Number

 

TPS

No

FPS

No

Incorporation  Date

29/06/2011

 

 

Previous  Name

 

Type

Private  limited  with  Share  Capital

 

 

FTSE  Index

-

Date  of  Change

-

Filing  Date  of  Accounts

24/12/2014

Currency

GBP

Share  Capital

£100

SIC07

47190

Charity  Number

-

SIC07  Description

OTHER  RETAIL  SALE  IN  NON-SPECIALISED  STORES

 

 

 

Key  Financials

 

Year  to  Date

Turnover

Pre  Tax  Profit

Shareholder

Funds  Employees

31/03/2014

-

-

-£8,227

-

31/03/2013

-

-

£1,607

-

30/09/2011

-

-

-

-

Mortgage  Summary

 

 

Total  Mortgage

0

 

Outstanding

0

 

Satisfied

0

 

 

 

Trade  Debtors  /  Bad  Debt  Summary

 

Total  Number  of  Documented  Trade

0

Total  Value  of  Documented  Trade

£0

 

 

Commentary

 

This  company  has  been  treated  as  a  Small  company  in  respect  of  the  rating/limit  generated.

This  company  has  only  made  late  payments  on  a  low  percentage  of  invoices.

The  latest  Balance  Sheet  indicates  a  negative  net  working  capital  position.

The  negative  debt/equity  ratio  indicates  a  Balance  Sheet  deficiency  funded  by  creditors/debt.

This  company  trades  in  an  industry  with  a  moderate  level  of  corporate  failures.

 

 

CCJ

 

Total  Number  of  Exact  CCJs  -

0

Total  Value  of  Exact  CCJs  -

 

Total  Number  of  Possible  CCJs  -  1

 

Total  Value  of  Possible  CCJs  -

£2,408

Total  Number  of  Satisfied  CCJs  -  0

 

Total  Value  of  Satisfied  CCJs  -

 

Total  Number  of  Writs  -

-

 

 

 

Total  Current  Directors

1

Total  Current  Secretaries

0

Total  Previous  Directors  /  Company

 

 

1

Secretaries

 

 

 

Current  Directors

 

 

Name

Rachel  Elizabeth  Holmes

Date  of  Birth

28/04/1971

Officers  Title

Ms

Nationality

British

Present  Appointments

3

Function

Director

Appointment  Date

29/06/2011

 

 

Address

 

72 Clanmaghery  Road,  Tyrella,  Downpatrick,  Co.  Down,  BT30  8SU

 

Current  Company  Secretary

 

Top  20  Shareholders

 

 

 

 

Name

Currency

Share  Count

Share  Type

Nominal  Value

% of  Total  Share  Count

RACHEL  HOLMES

GBP

100

ORDINARY

1

100

 

 

Profit  &  Loss

 

Date  Of  Account

31/03/14

(%)

31/03/13

(%)

30/09/11

(%)

-

(%)

-

Weeks

52

(%)

78

(%)

52

(%)

-

(%)

-

Currency

GBP

(%)

GBP

(%)

GBP

(%)

-

(%)

-

Consolidated

A/cs

N

(%)

N

(%)

N

(%)

-

(%)

-

Turnover

-

-

-

-

-

-

-

-

-

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

-

-

-

-

-

-

-

-

-

Gross Profit

-

-

-

-

-

-

-

-

-

Wages & Salaries

-

-

-

-

-

-

-

-

-

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

-

-

-

-

-

-

-

-

-

Depreciation

-

-

-

-

-

-

-

-

-

Audit Fees

-

-

-

-

-

-

-

-

-

Interest

Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-

Dividends

Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-

 

 

Balance  Sheet

 

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

30/09/11

(%)

-

(%)

-

Tangible Assets

0

-

0

-

0

-

-

-

-

Intangible

Assets

0

-

0

-

0

-

-

-

-

Total  Fixed Assets

0

-

0

-

0

-

-

-

-

Stock

£184,601

-5.1%

£194,481

-

0

-

-

-

-

Trade  Debtors

£6,756

-

£6,756

-

0

-

-

-

-

Cash

£8,844

22.9%

£7,197

-

0

-

-

-

-

Other  Debtors

0

-

0

-

0

-

-

-

-

Miscellaneous

Current Assets

0

-

0

-

0

-

-

-

-

Total Current

Assets

£200,201

-3.9%

£208,434

-

0

-

-

-

-

Trade Creditors

£208,428

0.8%

£206,827

 

0

-

-

-

-

Bank Loans & Overdrafts

0

-

0

-

0

-

-

-

-

Other Short Term Finance

0

-

0

-

0

-

-

-

-

Miscellaneous Current

Liabilities

0

-

0

-

0

-

-

-

-

Total Current Liabilities

£208,428

0.8%

£206,827

 

0

-

-

-

-

Bank Loans & Overdrafts and LTL

0

-

0

-

0

-

-

-

-

Other Long Term Finance

0

-

0

-

0

-

-

-

-

Total Long Term Liabilities

0

-

0

-

0

-

-

-

-

 

 

 

 

 

 

0

-

-

-

-

Capital & Reserves

 

 

 

 

 

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

30/09/11

(%)

-

(%)

-

Called Up Share

Capital

£100

-

£100

-

-

-

-

-

-

P & L Account

Reserve

-£8,327

-652.6%

£1,507

-

-

-

-

-

-

Revaluation

Reserve

-

-

-

-

-

-

-

-

-

Sundry

Reserves

-

-

-

-

-

-

-

-

-

Shareholder

Funds

-£8,227

-611.9%

£1,607

-

-

-

-

-

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other  Financial  Items

 

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

30/09/11

(%)

-

(%)

-

Accounts

 

 

 

 

 

 

 

 

 

Net  Worth

-£8,227

-611.9%

£1,607

-

-

-

-

-

-

Working  Capital

-£8,227

-611.9%

£1,607

-

-

-

-

-

-

Total  Assets

£200,201

-3.9%

£208,434

-

-

-

-

-

-

Total  Liabilities

£208,428

0.8%

£206,827

-

-

-

-

-

-

Net  Assets

-£8,227

-611.9%

£1,607

-

-

-

-

-

-

 

 

Cash Flow

 

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

30/09/11

(%)

-

(%)

-

Net Cashflow from Operations

-

-

-

 

 

 

 

 

 

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

 

Miscellaneous

 

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

30/09/11

(%)

-

(%)

-

Contingent

Liability

No

-

No

 

No

 

 

 

 

Capital

Employed

-£8,227

-611.9%

£1,607

-

-

-

-

-

-

Number of

Employees

-

-

-

-

-

-

-

-

-

Accountants

M B MCGRADY & CO

-

-

-

-

-

-

Auditors

 

 

 

-

-

-

-

-

-

Auditor

Comments

The company is exempt from audit

 

 

 

 

 

 

Bankers

 

 

 

 

 

 

 

 

 

Bank Branch

Code

 

 

 

 

 

 

 

 

 

 

 

Ratios

 

Date Of Accounts

31/03/14

31/03/13

30/09/11

-

-

Pre-tax profit margin %

-

-

-

 

 

Current ratio

0.96

1.01

-

-

-

Sales/Net Working Capital

-

-

-

-

-

Gearing %

0

0

0

-

-

Equity in %

-4.10

0.80

-

-

-

Creditor Days

-

-

 

 

 

Debtor Days

-

-

 

 

 

Liquidity/Acid Test

0.07

0.06

 

 

 

Return On Capital Employed %

-

-

 

 

 

Return On Total Assets Employed %

-

-

 

 

 

Current Debt Ratio

-25.33

128.70

 

 

 

Current Debt Ratio

-25.33

128.70

 

 

 

Stock Turnover Ratio %

-

-

 

 

 

Return on Net Assets Employed %

-

-

 

 

 

 

 

Report  Notes

 

There  are  no  notes  to  display.

Status  History

 

No  Status  History  found

 

 

Event  History

 

Date

Description

 

22/07/2015

Annual  Returns

 

04/01/2015

New  Accounts  Filed

 

26/09/2014

Annual  Returns

 

07/01/2014

New  Accounts  Filed

 

10/07/2013

Annual  Returns

 

29/08/2012

Annual  Returns

 

28/03/2012

New  Accounts  Filed

 

11/10/2011

Mr  W.D.  Holmes  has  left  the  board

 

12/07/2011

New  Board  Member  Ms  R.E.  Holmes  appointed

 

01/07/2011

New  Board  Member  Mr  W.  Holmes  appointed

 

01/07/2011

New  Board  Member  Ms  R.  Holmes  appointed

 

 

 

Previous  Company  Names

 

No  Previous  Names  found

 

 

Writ  Details

 

No  writs  found

 

 

Statistics

 

 

Group

-

Linkages

0 companies

Countries

In  0  countries

 

 

Summary

 

 

Holding  Company  

-

Ownership  Status

 

Ultimate  Holding  Company

-

Group  Structure  Full

 

No  Group  Structure

 

 

Previous  Director/Company  Secretaries

 

Name

Current  Directorships

Previous  Directorships

William  David  Holmes

0

2

 

 

Average  Invoice  Value

 

 

 

Ł32.02

 

Invoices  available

 

 

 

31

 

Paid

 

 

 

31

 

Outstanding

 

 

 

0

 

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

 

 

 

 

 

 

 

Within  Terms

0-30  Days

31-60  Days

61-90  Days

91+  Days

Paid

21

8

2

0

0

Outstanding

0

0

0

0

0

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.65.11

UK Pound

1

Rs.99.50

Euro

1

Rs.74.24

 

INFORMATION DETAILS

 

Analysis Done by :

KAS

 

 

Report Prepared by :

TRU

 

               

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.