MIRA INFORM REPORT

 

 

Report No. :

346457

Report Date :

21.10.2015

 

IDENTIFICATION DETAILS

 

Name :

GEMINI DISPERSIONS LIMITED

 

 

Formerly Known As :

CASTLEGATE 374 LIMITED

 

 

Registered Office :

Holt Mill Road Waterfoot Rossendale BB4 7JB

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

16.05.2005

 

 

Com. Reg. No.:

05452955

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Manufacture of Dyes and Pigments

 

 

No. of Employee :

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 :

Small Company 

Payment Behaviour :

Slow but correct

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)

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. 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 has been a net importer of energy since 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.

In 2008, 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. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which aimed to lower London's budget deficit from about 11% of GDP in 2010 to nearly 1% by 2015. 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 20% by 2015. However, the deficit still remains one of the highest in the G7, standing at 6.0% in 2014.

In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.7% and in 2014, 2.6%, accelerating unexpectedly because of greater consumer spending and a recovering housing market.

The Bank of England (BoE) implemented an asset purchase program of �375 billion (approximately $586 billion) as of December 2014. 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

 

GEMINI DISPERSIONS LIMITED

 

Company No: 05452955

 

Company Summary

 

Registered Address

HOLT MILL ROAD
WATERFOOT
ROSSENDALE
BB4 7JB

 

Trading Address

Holt Mill Road
Waterfoot
Rossendale
Lancashire
BB4 7JB

 

Website Address           http://www.geminidispersions.com

 

 

Telephone Number         01706214751

 

TPS                              No

FPS                              No

Incorporation Date          16/05/2005

 

 

Previous Name CASTLEGATE 374 LIMITED

Type                             Private limited with Share Capital

 

 

FTSE Index                   -

Date of Change 05/07/2005

Filing Date of Accounts 16/12/2014

Currency                       GBP

Share Capital                 £300,100

SIC07                           20120

Charity Number -

SIC07 Description          MANUFACTURE OF DYES AND PIGMENTS

 

 

Mortgage Summary

 

Total Mortgage               3

Outstanding                   1

Satisfied                        2

 

 

Trade Debtors / Bad Debt Summary

 

Total Number of Documented Trade         1

Total Value of Documented Trade            £4,166

 

 

Commentary

 

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

 

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

 

The latest Balance Sheet indicates a very positive net working capital position.

 

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 -

0

Total Value of Possible CCJs -

 

Total Number of Satisfied CCJs -

0

Total Value of Satisfied CCJs -

 

Total Number of Writs -

-

 

 

 

Total Current Directors

6

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

6

 

 

Current Directors

 

Name

Susan Veronica Ashby

Date of Birth

08/12/1961

Officers Title

Ms

Nationality

British

Present Appointments

7

Function

Director

Appointment Date

07/06/2005

 

 

Address

Holt Mill Road, Waterfoot, Rossendale, Lancashire, BB4 7JB

 

Name

George Anthony Hughes

Date of Birth

24/06/1953

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

30/06/2015

 

 

Address

Dominion Colour Europe Ltd Holt Mill Road, Waterfoot, Rossendale, Lancashire, BB4 7JB

 

Name

John Francis Nelligan

Date of Birth

15/04/1950

Officers Title

Mr

Nationality

Canadian

Present Appointments

4

Function

Director

Appointment Date

11/08/2005

 

 

Address

Holt Mill Road, Waterfoot, Rossendale, Lancashire, BB4 7JB

 

Name

Elias Michael Klein

Date of Birth

11/11/1946

Officers Title

Mr

Nationality

Canadian

Present Appointments

4

Function

Director

Appointment Date

11/08/2005

 

 

Address

Holt Mill Road, Waterfoot, Rossendale, Lancashire, BB4 7JB

 

Name

Mark John Vincent

Date of Birth

07/07/1970

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

11/08/2005

 

 

Address

Holt Mill Road, Waterfoot, Rossendale, Lancashire, BB4 7JB

 

Name

Jonathan Paul Rymer

Date of Birth

14/06/1972

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

01/11/2010

 

 

Address

Holt Mill Road, Waterfoot, Rossendale, Lancashire, BB4 7JB

 

 

Current Company Secretary

 

Name

Susan Veronica Ashby

Date of Birth

08/12/1961

Officers Title

Ms

Nationality

British

Present Appointments

7

Function

Company Secretary

Appointment Date

07/06/2005

 

 

Address

Holt Mill Road, Waterfoot, Rossendale, Lancashire, BB4 7JB

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

DOMINION COLOUR CORPORATION (EUROPE)

GBP

3,000

PREFERENCE

100

96.77

DOMINION COLOUR CORPORATION (EUROPE)

GBP

85

ORDINARY A

1

2.74

DOMINION COLOUR CORPORATION (EUROPE)

GBP

15

ORDINARY B

1

0.48

 

 

Financials

 

Profit & Loss

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

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

£56,066

-7.8%

£60,826

4.1%

£58,416

8.1%

£54,060

55.8%

£34,694

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

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

Tangible Assets

£207,208

-16%

£246,576

-17.3%

£298,166

-6.1%

£317,483

3.6%

£306,472

Intangible Assets

0

-

0

-

0

-

0

100%

-£11,596

Total Fixed Assets

£207,208

-16%

£246,576

-17.3%

£298,166

-6.1%

£317,483

7.7%

£294,876

Stock

£1,035,769

18.1%

£877,272

0.1%

£876,536

-7.8%

£950,539

15%

£826,788

Trade Debtors

£2,293,539

-9.8%

£2,542,661

25.3%

£2,029,254

22.3%

£1,659,307

25.3%

£1,323,973

Cash

£129,258

999.9%

£215

7.5%

£200

-

£200

-99.2%

£24,478

Other Debtors

0

-

0

-

0

-

0

-

0

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£3,458,566

1.1%

£3,420,148

17.7%

£2,905,990

11.3%

£2,610,046

20%

£2,175,239

Trade Creditors

£1,250,778

11%

£1,127,174

-25%

£1,503,725

2.4%

£1,468,537

38.1%

£1,063,378

Bank Loans & Overdrafts

£675,997

-4.1%

£705,006

219.7%

£220,512

-35%

£339,448

-37.9%

£546,418

Other Short Term Finance

0

-

0

-100%

£8,100

-

£8,100

-

£8,100

Miscellaneous Current Liabilities

0

-

0

-

0

-

0

-

0

Total Current Liabilities

£1,926,775

5.2%

£1,832,180

5.8%

£1,732,337

-4.6%

£1,816,085

12.2%

£1,617,896

Bank Loans & Overdrafts and LTL

£1,125,434

-2.5%

£1,154,443

70.5%

£677,123

-18.4%

£829,858

-20.5%

£1,044,002

Other Long Term Finance

0

-

0

-

0

-100%

£8,100

-50%

£16,200

Total Long Term Liabilities

£449,437

-

£449,437

-1.6%

£456,611

-6.9%

£490,410

-1.4%

£497,584

.

Capital & Reserves

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

Called Up Share Capital

£100

-

£100

-

£100

-

£100

-

£100

P & L Account Reserve

£1,289,462

-6.9%

£1,385,007

36.4%

£1,015,108

63.5%

£620,934

75.1%

£354,535

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£1,289,562

-6.9%

£1,385,107

36.4%

£1,015,208

63.5%

£621,034

75.1%

£354,635

Other Financial Items

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

Net Worth

£1,289,562

-6.9%

£1,385,107

36.4%

£1,015,208

63.5%

£621,034

69.6%

£366,231

Working Capital

£1,531,791

-3.5%

£1,587,968

35.3%

£1,173,653

47.8%

£793,961

42.5%

£557,343

Total Assets

£3,665,774

0%

£3,666,724

14.4%

£3,204,156

9.4%

£2,927,529

18.5%

£2,470,115

Total Liabilities

£2,376,212

4.1%

£2,281,617

4.2%

£2,188,948

-5.1%

£2,306,495

9%

£2,115,480

Net Assets

£1,289,562

-6.9%

£1,385,107

36.4%

£1,015,208

63.5%

£621,034

75.1%

£354,635

Cash Flow

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

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

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£1,738,999

-5.2%

£1,834,544

24.6%

£1,471,819

32.4%

£1,111,444

30.4%

£852,219

Number of Employees

-

-

-

-

-

-

-

-

-

Accountants

 

Auditors

BAKER TILLY UK AUDIT LLP

Auditor Comments

The audit report contains no adverse comments

Bankers

 

Bank Branch Code

 

Ratios

Date Of Accounts

31/03/14

31/03/13

31/03/12

31/03/11

31/03/10

Pre-tax profit margin %

-

-

-

-

-

Current ratio

1.80

1.87

1.68

1.44

1.34

Sales/Net Working Capital

-

-

-

-

-

Gearing %

87.30

83.30

66.70

133.60

294.40

Equity in %

35.20

37.80

31.70

21.20

14.30

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

1.25

1.38

1.17

0.91

0.83

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

1.49

1.32

1.70

2.92

4.56

Total Debt Ratio

1.84

1.64

2.15

3.71

5.96

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

18/08/2015

Mr A.G. Abel has left the board

18/08/2015

New Board Member Mr G.A. Hughes appointed

23/05/2015

Annual Returns

28/12/2014

New Accounts Filed

28/05/2014

Annual Returns

20/12/2013

New Accounts Filed

14/06/2013

Annual Returns

24/12/2012

New Accounts Filed

21/05/2012

Annual Returns

17/10/2011

Mr M. Serene has left the board

08/08/2011

New Accounts Filed

25/05/2011

Annual Returns

04/11/2010

New Board Member Mr J.P. Rymer appointed

01/11/2010

Mr P. Gabriel has left the board

12/07/2010

New Accounts Filed

 

Previous Company Names

 

Date

Previous Name

05/07/2005

CASTLEGATE 374 LIMITED

 

Writ Details

 

No writs found

 

Statistics

 

Group

7 companies

Linkages

0 companies

Countries

In 0 countries

 

Summary

 

Holding Company

-

Ownership Status

Intermediately Owned

Ultimate Holding Company

KNRV INVESTMENTS INC

 

 

Group Structure Full

 

Company Name

 

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

KNRV INVESTMENTS INC

 

N/A

-

-

 

DCC (EUROPE) INC

 

N/A

-

-

 

DOMINION COLOUR CORP...

 

06540698

31.03.2014

N

 

DOMINION COLOUR CORP (...

 

N/A

-

-

 

DCC PROPERTIES UK LI...

 

05452946

31.03.2014

N

 

GEMINI DISPERSIONS L...

 

05452955

31.03.2014

N

 

STAMPMAGNET LIMITED

 

04980954

31.03.2014

N

 

 

 

Mortgage Details

 

Mortgage Type:

 

Date Charge Created:

28/05/13

 

 

Date Charge Registered:

31/05/13

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

HSBC BANK PLC;

Amount Secured:

 

Details:

CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE.

Mortgage Type:

DEBENTURE

Date Charge Created:

22/06/07

 

 

Date Charge Registered:

03/07/13

 

 

Date Charge Satisfied:

-

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

BARCLAYS BANK PLC;

Amount Secured:

 

Details:

FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY

 

Mortgage Type:

COMPOSITE GUARANTEE AND DEBENTURE

Date Charge Created:

27/10/05

 

 

Date Charge Registered:

12/11/05

 

 

Date Charge Satisfied:

03/02/11

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

ROYAL BANK OF CANADA, LONDON BRANCH

Amount Secured:

 

Details:

F/H PROPERTY LYING ON THE NORTH WEST SIDE OF HOLT MILL ROAD WATERFOOT ROSSENDALE LANCASHIRE T/NO LA754651FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTUREINCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERYSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

 

Trade Debtors / Bad Debt Detail

 

 

Total Number of Documented Trade

Total Value of Documented Trade

Trade Debtors

1

£4,166

Company Name

Amount

Statement Date

 

Advance C P Ltd

£4,166

07/08/2013

 

 

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

Adrian George Abel

2

4

Michael Serene

0

1

Jeffrey Henry Cox

0

1

BOISDUR-SALBRIS LINE

245

403

CASTLEGATE SECRETARIES LIMITED

135

484

Philip Gabriel

0

2

Average Invoice Value

Ł283.03

 

 

Invoices available

248

 

 

Paid

242

 

 

Outstanding

6

 

 

 

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

46

125

59

8

4

Outstanding

0

2

4

0

0

 

 

Bottom of Form

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.64.89

UK Pound

1

Rs.100.39

Euro

1

Rs.73.52

 

INFORMATION DETAILS

 

Analysis Done by :

KAS

 

 

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