MIRA
INFORM REPORT
|
Report Date : |
12.12.2007 |
IDENTIFICATION
DETAILS
|
Name : |
MICROSOFT IRELAND OPERATIONS LIMITED |
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Registered Office : |
70 Sir John Rogerson's Quay Dublin 2 |
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Country : |
Ireland |
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Financials (as on) : |
30.06.2006 |
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Date of Incorporation : |
15/11/1996 |
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Com. Reg. No.: |
IE256796 |
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Legal Form : |
Private Limited Liability Company (IE) |
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Line of Business : |
Manufacturers of computers |
RATING &
COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Excellent |
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Payment Behaviour : |
Regular |
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|
|
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Litigation : |
Clear |
Company Identification Details
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Subject Reported on |
MICROSOFT IRELAND OPERATIONS LIMITED |
|
Holding Company |
MICROSOFT IRELAND CAPITAL LIMITED |
|
Ultimate Holding Company |
Microsoft Corporation |
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Trading Address |
ATRIUM BUILDING BLOCK B, CARMANHALL RD, SANDYFORD INDUSTRIAL
EST,DUBLIN,18 |
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Telephone |
01 295 3826 |
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Very Low Risk - There is every confidence this company will prove good
for the assigned Credit Limit |
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Credit Limit |
euro 30,000,000 |
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Selling to this company? The Credit Limit is the recommended maximum outstanding
debtor exposure at any one time. |
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Contract Limit |
euro 1,039,600,000 |
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Buying from this company? The Contract Limit is the recommended
aggregate annual value for supply contracts. |
Significant Event
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Please note that the subject is now a subsidiary of MICROSOFT IRELAND
RESEARCH (DUNS 985431316) |
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Official Company Data
|
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|
|
Legal Form |
Private Limited Liability Company (IE) |
|
Registration Number |
IE256796 |
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Date of Incorporation |
15/11/1996 |
|
Registered Office |
70 SIR JOHN ROGERSON'S QUAY DUBLIN 2 |
|
Activities |
Manufacturers of computers |
Recently Filed Documents
Details of the most recent documents
|
Date Received |
Description |
|
It should be noted that there is no legal requirement to file
satisfaction details of mortgages/charges at Companies House. |
Known Directors
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DIRECTOR |
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Occupation |
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Address |
94 EAGLE VALLEY , ENNISKERRY , CO. WICKLOW , |
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Date of Birth |
28/09/1954 |
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Appointment Date |
01/01/2002 |
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Other Appointments |
MICROSOFT IRELAND OPERATIONS LIMITED |
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DIRECTOR |
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|
|
Occupation |
|
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Address |
2 KILLINEY GATE , CO DUBLIN , |
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Date of Birth |
27/04/1967 |
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Appointment Date |
24/05/2000 |
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Other Appointments |
AMERICAN CHAMBER OF COMMERCE IRELAND, VISIO INTERNATIONAL
LIMITED, MICROSOFT IRELAND OPERATIONS LIMITED, ROUND ISLAND THREE
LIMITED |
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|
DIRECTOR |
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|
|
Occupation |
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Address |
GLENARIFF , FOXROCK , DUBLIN 18. , |
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Date of Birth |
09/08/1963 |
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|
Appointment Date |
19/12/2001 |
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Other Appointments |
VISIO INTERNATIONAL LIMITED, MICROSOFT IRELAND OPERATIONS
LIMITED, MICROSOFT FINANCE COMPANY LIMITED, ROUND ISLAND THREE
LIMITED |
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DIRECTOR |
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Occupation |
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|
Address |
AISLING HOUSE , DALKEY , CO. DUBLIN. , |
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Date of Birth |
15/10/1966 |
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Appointment Date |
31/01/2003 |
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Other Appointments |
VISIO INTERNATIONAL LIMITED, MICROSOFT IRELAND OPERATIONS
LIMITED, MICROSOFT FINANCE COMPANY LIMITED, ROUND ISLAND THREE
LIMITED |
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DIRECTOR |
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Occupation |
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Address |
2 WINDRUSH , CO DUBLIN , |
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Date of Birth |
28/11/1962 |
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Appointment Date |
23/07/2003 |
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Other Appointments |
MICROSOFT IRELAND OPERATIONS LIMITED |
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DIRECTOR |
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Occupation |
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|
Address |
9822 62ND AVENUE S. , WASHINGTON 98118 , USA. , |
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Date of Birth |
07/09/1971 |
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Appointment Date |
04/11/2005 |
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Other Appointments |
MICROSOFT IRELAND OPERATIONS LIMITED, MICROSOFT FINANCE COMPANY
LIMITED, ROUND ISLAND THREE LIMITED, MICROSOFT GLOBAL
FINANCE, ROUND ISLAND ONE, FLAT ISLAND COMPANY |
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SECRETARY |
MATSACK TRUST LIMITED |
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|
Address |
30 HERBERT STREET, , DUBLIN , 2 |
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Country of Origin |
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Appointment Date |
06/03/1998 |
Recently Resigned Directors (last
3)
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DIRECTOR |
GERARD DEMPSEY |
|
Address |
, 4 GRATTON COURT , CO. KILDARE. , - - |
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Date of Birth |
13/09/1962 |
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Resignation Date |
27/09/2006 |
|
DIRECTOR |
KEITH RANGER DOLLIVER |
|
Address |
, 5580 179TH AVENUE , WA 98006-5930 , USA.
, - - |
|
Date of Birth |
12/01/1963 |
|
Resignation Date |
04/11/2005 |
|
DIRECTOR |
KEVIN JOHN FAY |
|
Address |
, 13392 N.E. , KIRKLAND , WA USA 98034 , - - |
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Date of Birth |
25/06/1960 |
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Resignation Date |
31/12/2004 |
Share Summary
|
Share information is not held for this company. |
Mortgages and Charges
|
There are no mortgages |
|
Public Record Information
Summary of CCJ's/Scottish Decrees
|
There are no unsatisfied CCJs against the company. |
Operations
|
|
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|
Activities |
Manufacturers of computers |
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Sic Code |
Description |
|
3002 |
Manufacture of computers and other information processing equipment |
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Staff Employed |
1115 |
|
Bankers |
Bank Of Ireland |
|
Sort Codes |
901394 |
Financial Data
|
The following figures are shown in units of 000 |
|
Profit and Loss |
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
30/06/2006 |
30/06/2005 |
30/06/2004 |
30/06/2003 |
|
Currency |
euro |
euro |
euro |
euro |
|
Consolidated? |
No |
Yes |
No |
No |
|
SALES |
9,469,844 |
8,337,616 |
8,111,621 |
6,918,616 |
|
Export Sales |
9,384,340 |
8,260,684 |
8,000,113 |
6,814,489 |
|
Cost of goods sold |
869,350 |
514,598 |
638,418 |
750,578 |
|
GROSS PROFIT |
8,600,493 |
7,823,018 |
7,473,203 |
6,168,038 |
|
Other Expenses |
168,016 |
158,207 |
200,412 |
128,793 |
|
General administration costs (-) |
6,497,111 |
5,201,236 |
5,333,848 |
4,149,317 |
|
Wages and Salaries |
96,724 |
85,263 |
84,146 |
88,866 |
|
Depreciation |
14,985 |
15,851 |
17,394 |
16,390 |
|
Net Operating Profit(Loss) |
1,935,367 |
2,389,053 |
1,938,943 |
1,889,928 |
|
Non Trading Income |
134,637 |
- |
5,760 |
5,701 |
|
Group Non Trading Income |
532 |
- |
3,296,417 |
- |
|
Total Non Trading Income |
135,169 |
0 |
3,330,613 |
5,701 |
|
Interest expenses & similar (-) |
218 |
- |
55 |
55 |
|
Other financial charges |
5,452 |
- |
3,293,753 |
568,638 |
|
Financial Expenses |
5,671 |
0 |
3,293,807 |
568,693 |
|
PRE TAX PROFIT |
2,064,865 |
2,389,053 |
1,975,749 |
1,326,936 |
|
Other Taxation |
2,960 |
237,148 |
-270 |
-11,646 |
|
Taxation |
214,791 |
0 |
188,745 |
191,539 |
|
PROFIT AFTER TAX |
1,847,113 |
2,151,905 |
1,787,274 |
1,147,043 |
|
Net Profit |
1,847,113 |
2,151,905 |
1,787,274 |
1,147,043 |
|
Dividends Payable |
2,986,014 |
2,155,629 |
5,309,312 |
0 |
|
RETAINED PROFITS |
-1,138,901 |
-3,724 |
-3,522,038 |
1,147,043 |
|
Balance Sheet |
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
30/06/2006 |
30/06/2005 |
30/06/2004 |
30/06/2003 |
|
Currency |
euro |
euro |
euro |
euro |
|
Consolidated? |
No |
Yes |
No |
No |
|
TOTAL FIXED ASSETS |
88,967 |
60,840 |
505,182 |
3,690,431 |
|
Land & buildings |
58,950 |
56,338 |
60,911 |
22,432 |
|
Plant, machinery & equipment |
28,269 |
4,502 |
10,322 |
49,463 |
|
Intermediate Assets |
1,748 |
- |
433,949 |
3,618,536 |
|
TOTAL CURRENT ASSETS |
4,713,032 |
4,860,813 |
5,363,287 |
5,662,251 |
|
Stocks |
244,553 |
59,857 |
55,882 |
65,375 |
|
Trade Debtors |
2,025,195 |
1,334,478 |
1,121,003 |
959,551 |
|
Prepaid expenses |
31,164 |
63,140 |
61,639 |
12,664 |
|
Group Loans |
1,762,738 |
2,817,558 |
3,762,385 |
4,292,050 |
|
Cash |
454,768 |
297,048 |
306,089 |
284,151 |
|
Tax Recoverable |
194,613 |
90,565 |
56,287 |
48,460 |
|
TOTAL ASSETS |
4,802,000 |
4,921,653 |
5,868,469 |
9,352,682 |
|
TOTAL CURRENT LIABILITIES |
3,866,360 |
2,841,115 |
3,759,729 |
3,721,902 |
|
Trade Creditors |
60,441 |
26,709 |
21,961 |
34,835 |
|
Taxes |
24,950 |
89,265 |
92,387 |
134,610 |
|
Due From Group |
1,034,754 |
567,200 |
1,672,411 |
1,277,588 |
|
Accruals & deferred income |
2,746,215 |
2,157,941 |
1,972,969 |
2,274,869 |
|
WORKING CAPITAL |
846,672 |
2,019,697 |
1,603,559 |
1,940,349 |
|
TOTAL LONG TERM LIABS |
0 |
0 |
0 |
0 |
|
NET ASSETS/(LIABILITIES) |
935,640 |
2,080,538 |
2,108,740 |
5,630,780 |
|
SHARE CAPITAL + RESERVES |
935,640 |
2,080,538 |
2,108,740 |
5,630,781 |
|
Issued Share Capital |
425 |
425 |
425 |
425 |
|
Reserves |
229 |
229 |
227 |
229 |
|
Profit and Loss account |
934,986 |
2,079,884 |
2,108,088 |
5,630,127 |
|
SHAREHOLDERS FUNDS |
935,640 |
2,080,538 |
2,108,740 |
5,630,781 |
|
CAPITAL EMPLOYED |
935,640 |
2,080,538 |
2,108,740 |
5,630,781 |
|
TANGIBLE NET WORTH |
935,640 |
2,080,538 |
2,108,740 |
5,630,780 |
Key Credit Ratios
|
Accounts Date |
30/06/2006 |
30/06/2005 |
30/06/2004 |
30/06/2003 |
|
Current Ratio |
1.22 |
1.71 |
1.43 |
1.52 |
|
Profit Before Tax |
0.22 |
0.29 |
0.24 |
0.19 |
|
Creditors Days (D.P.O) |
25.38 |
18.94 |
12.56 |
16.94 |
|
Quick Ratio |
1.16 |
1.69 |
1.41 |
1.50 |
|
Return on Assets |
43.02 |
48.54 |
36.36 |
23.14 |
|
T.N.W/Total Assets |
0.19 |
0.42 |
0.36 |
0.60 |
|
Return on Capital |
220.69 |
114.83 |
93.69 |
23.57 |
|
Working Capital/Sales |
0.00 |
0.00 |
0.00 |
0.00 |
|
Stock Turnover |
0.00 |
0.00 |
0.00 |
0.00 |
|
Solvency (%) |
413.23 |
136.56 |
178.29 |
66.10 |
Financial Summary
|
Turnover |
Turnover increased by more than 14% in the period. Turnover totaled
euro 9,469,844,000 for the period. |
|
Operating Profit |
Totaled euro 1,935,367,000 In the period prior a profit of euro
2,389,053,000 was achieved. |
|
Pre Tax |
The subject made a profit of euro 2,064,865,000 compared with a
profit of euro 2,389,053,000 in the previous period. |
|
Working Capital |
The company's working capital decreased in the period by 58% |
|
Tangible Net Worth |
Net worth reduced by 1,144,898,000 during the period and now stands at
euro 935,640,000 |
|
Fixed Assets |
The subjects fixed assets increased during the period by euro
26,379,000 to euro 87,220,000 and are now 2% of total assets
compared with 1% in the previous period |
|
Long Term Liabilities |
The company's long term liabilities increased during the period by 27%
and are now 294% of net worth compared with 104% in the previous period |
|
Long Term Liabilities |
Long term liabilities are now 57% of total assets compared with 44% in
the previous period |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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 |
|
NR |
In view of the lack of information, we have no basis upon which to recommend
credit dealings |
No Rating |
|
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%)