MIRA
INFORM REPORT
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Report Date : |
9th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
CAMIDA LIMITED |
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Registered Office : |
Tower House,, Newquay,, Clonmel, Co. Tipperary |
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Country : |
Ireland |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
23.12.1988 |
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Com. Reg. No.: |
IE138561 |
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Legal Form : |
Private Limited with share capital |
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Line of Business : |
Wholesale of pharmaceutical goods |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
EUR 60,600 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
Company Identification Details
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Subject Reported on |
CAMIDA LIMITED |
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Holding Company |
CAMIDA LIMITED |
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Trading Address |
TOWER HOUSE, NEWQUAY, CLONMEL |
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Telephone |
052-25455 |
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Risk Score |
60 out of 100 |
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Average Risk - This company has an average risk status and
should be treated with a degree of caution |
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Credit Limit |
EUR 60,600 |
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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 |
EUR 460,300 |
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Buying from this company? The Contract Limit is the recommended
aggregate annual value for supply contracts. |
Official Company Data
|
Legal Form |
Private Limited with share capital |
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Registration Number |
IE138561 |
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Date of Incorporation |
23/12/1988 |
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Registered Office |
TOWER HOUSE,, NEWQUAY,, CLONMEL, CO. TIPPERARY. . |
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History |
11//- : Change of name from A.C.I. LIMITED |
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11/07/1991 : Change of name from ALL CHEM (IRELAND) LIMITED |
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Date of Last Annual Return to Registry |
30/09/2006 |
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Activities |
The subject operates in the capacity of fine chemicals
distributors, principally for the pharmaceutical industry. They sub-contract
the warehousing of their chemicals to third parties and import raw materials
from world-wide sources. Business is conducted from freehold premises in
Newquay, Clonmel, Co. Tipperary, which is the sole location of the business.
The subject employs 20 full time staff. - - |
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Accounts |
The last filed accounts cover the period to 31/12/2005 and were
presented to Companies House on |
Recently Filed Documents
Details
of the most recent documents
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Date Received |
Description |
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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 |
DAVID ANCHELL |
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Occupation |
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Address |
NEW INN , CO. TIPPERARY. , |
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Date of Birth |
31/05/1954 |
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Appointment Date |
23/12/1988 |
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Other Appointments |
HEALY CHEMICALS IRELAND LIMITED, TOWER HOUSE MANAGEMENT
COMPANY LIMITED, CAMIDA HOLDINGS LIMITED, INTERALIA SOFTWARE
SYSTEMS LIMITED |
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DIRECTOR |
ORLA HEENAN |
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Occupation |
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Address |
12 AUBURN GREEN , CO TIPPERARY , |
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Date of Birth |
11/11/1965 |
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Appointment Date |
01/07/1997 |
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DIRECTOR |
BERNARD POLLARD |
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Occupation |
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Address |
39 CARRIGEENLEA , TRAMORE , CO WATERFORD , |
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Date of Birth |
06/07/1965 |
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Appointment Date |
05/08/2001 |
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SECRETARY |
DEIRDRE McGRATH |
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Address |
, MARLHILL NEW INN , CO. TIPPERARY , |
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Date of Birth |
19/01/1968 |
Recently Resigned Directors (last
3)
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DIRECTOR |
ALLAN HUGHES |
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Address |
, THE GREEN , LANCASTER LAL 88J , UK
, - - |
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Date of Birth |
06/02/1951 |
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Resignation Date |
31/12/2004 |
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DIRECTOR |
DONALD MCDONAGH |
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Address |
, 16 MAHOR HOUSE , CLONMEL , CO TIPPERARY
, - - |
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Date of Birth |
16/05/1962 |
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Resignation Date |
13/09/1999 |
Share Summary
Share information is not held
for this company.
Mortgages and Charges
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Total Registered |
7 |
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Total Outstanding |
7 |
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Total Satisfied |
0 |
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Date Registered |
17/08/1999 |
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Satisfied? |
No |
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Date Registered |
19/03/1999 |
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Satisfied? |
No |
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Date Registered |
04/07/1996 |
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Satisfied? |
No |
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Date Registered |
21/12/1994 |
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Satisfied? |
No |
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Date Registered |
30/08/1994 |
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Date Created |
18/08/1994 |
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Satisfied? |
No |
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Date Registered |
07/02/1991 |
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Date Created |
23/01/1991 |
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Satisfied? |
No |
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Satisfied? |
No |
Public Record Information
Summary
of CCJ's/Scottish Decrees
There are no unsatisfied CCJs
against the company.
Operations
|
Activities |
The subject operates in the capacity of fine chemicals
distributors, principally for the pharmaceutical industry. They sub-contract
the warehousing of their chemicals to third parties and import raw materials
from world-wide sources. Business is conducted from freehold premises in
Newquay, Clonmel, Co. Tipperary, which is the sole location of the business.
The subject employs 20 full time staff. - - |
|
Sic Code |
Description |
|
5146 |
Wholesale of pharmaceutical goods |
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Staff Employed |
20 |
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Auditors |
PRICEWATERHOUSECOOPERS |
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Auditors Notes |
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Bankers |
A.I.B. Bank Plc |
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Sort Codes |
935379 |
Financial Data
Profit and Loss
The
following figures are shown in units of EUR '000
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/12/2005 |
31/12/2004 |
31/12/2003 |
31/12/2002 |
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Currency |
EUR '000 |
EUR '000 |
EUR '000 |
EUR '000 |
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Consolidated? |
No |
No |
No |
No |
|
SALES |
11,672 |
11,031 |
7,700 |
8,337 |
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Cost of goods sold |
-9,119 |
-8,344 |
-5,918 |
-6,604 |
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GROSS PROFIT |
2,554 |
2,688 |
1,782 |
1,733 |
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Other Expenses |
-2,079 |
-2,336 |
-1,558 |
-1,526 |
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Depreciation |
- |
- |
-123 |
-108 |
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Operating Profit |
474 |
352 |
224 |
207 |
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Exceptional Items |
- |
- |
104 |
76 |
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Interest Payable |
115 |
114 |
92 |
144 |
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PRE TAX PROFIT |
360 |
238 |
150 |
96 |
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Taxation |
-69 |
-45 |
-37 |
-34 |
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Dividends Payable |
-1,140 |
- |
-100 |
-100 |
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RETAINED PROFITS |
-849 |
193 |
14 |
-38 |
Balance Sheet
The
following figures are shown in units of EUR '000
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/12/2005 |
31/12/2004 |
31/12/2003 |
31/12/2002 |
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Currency |
EUR '000 |
EUR '000 |
EUR '000 |
EUR '000 |
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Consolidated? |
No |
No |
No |
No |
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TOTAL FIXED ASSETS |
1,484 |
1,184 |
1,184 |
1,247 |
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Tangible Assets |
1,484 |
1,184 |
1,184 |
1,247 |
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Fixed Assets |
1,484 |
1,184 |
1,184 |
1,247 |
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TOTAL CURRENT ASSETS |
2,694 |
2,147 |
2,613 |
2,454 |
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Total Debtors |
1,879 |
1,542 |
1,362 |
1,753 |
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Trade Debtors |
- |
1,093 |
984 |
736 |
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Group Loans |
86 |
449 |
274 |
957 |
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Other Debtors |
1,793 |
- |
104 |
60 |
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Stocks/WIP |
608 |
548 |
1,029 |
519 |
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Stocks |
608 |
548 |
1,029 |
519 |
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Cash |
207 |
57 |
222 |
182 |
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TOTAL ASSETS |
4,179 |
3,331 |
3,797 |
3,701 |
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TOTAL CURRENT LIABILITIES |
2,532 |
1,873 |
2,497 |
2,367 |
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Trade creditors |
- |
525 |
- |
- |
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Short Term Loans |
1,476 |
1,156 |
971 |
575 |
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Bank Overdraft |
- |
- |
- |
74 |
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Dividends Payable |
- |
- |
100 |
100 |
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Corporation Tax |
141 |
32 |
22 |
27 |
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Other Current Liabilities |
870 |
161 |
1,404 |
1,510 |
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Misc Current Liabilities |
44 |
0 |
0 |
80 |
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WORKING CAPITAL |
162 |
274 |
116 |
88 |
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TOTAL LONG TERM LIABS |
958 |
328 |
368 |
411 |
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Long Term Loans |
917 |
328 |
358 |
321 |
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Total Hire Purchase / Leasing |
37 |
- |
- |
90 |
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Total Provisions |
2 |
- |
5 |
- |
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NET ASSETS/(LIABILITIES) |
690 |
1,130 |
937 |
924 |
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SHARE CAPITAL + RESERVES |
690 |
1,130 |
937 |
924 |
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Issued Share Capital |
0 |
0 |
0 |
0 |
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Revaluation Reserves |
552 |
158 |
158 |
158 |
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Profit and Loss account |
170 |
1,003 |
811 |
797 |
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Sundry Reserves |
-32 |
-32 |
-32 |
-32 |
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SHAREHOLDERS FUNDS |
690 |
1,130 |
937 |
924 |
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CAPITAL EMPLOYED |
1,647 |
1,458 |
1,300 |
1,334 |
Key Credit Ratios
|
Accounts Date |
31/12/2005 |
31/12/2004 |
31/12/2003 |
31/12/2002 |
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Current Ratio |
1.06 |
1.15 |
1.05 |
1.04 |
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Long Term Debt/T.N.W (%) |
13849.00 |
2903.00 |
3869.00 |
4448.00 |
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Profit Before Tax |
0.04 |
0.03 |
0.03 |
0.03 |
|
Debtors Days (D.S.O) |
0.00 |
17.00 |
0.00 |
0.00 |
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Creditors Days (D.P.O) |
0.00 |
17.00 |
0.00 |
0.00 |
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Quick Ratio |
82.38 |
85.36 |
82.70 |
80.54 |
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Return on Assets |
0.14 |
0.13 |
0.06 |
0.04 |
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T.N.W/Total Assets |
50.65 |
39.20 |
4.65 |
3.36 |
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Return on Capital |
0.00 |
0.00 |
0.00 |
0.00 |
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Rtn on Shareholders Funds |
0.52 |
0.21 |
0.16 |
0.10 |
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Working Capital/Sales |
0.01 |
0.02 |
0.02 |
0.01 |
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Borrowing Ratio |
5.05 |
1.95 |
3.05 |
3.01 |
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Equity Gearing |
0.27 |
0.60 |
0.38 |
0.39 |
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Stock Turnover |
19.18 |
20.12 |
14.05 |
15.21 |
Financial Comparison
The following figures are shown
in units of EUR '000
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/12/2005 |
31/12/2004 |
31/12/2003 |
31/12/2002 |
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Currency |
EUR '000 |
EUR '000 |
EUR '000 |
EUR '000 |
|
Tangible Net Worth(T.N.W) |
690 |
1,130 |
937 |
924 |
|
Equity |
690 |
1,130 |
937 |
924 |
|
Number of Employees |
20 |
- |
- |
- |
Financial Summary
|
Turnover |
Turnover increased by more than 6% in the period. Turnover
totalled EUR 11,672,183 for the period. |
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Operating Profit |
Totalled EUR 474,314 In the period prior a profit of
EUR 351,952 was achieved. |
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Pre Tax |
The subject made a profit of EUR 359,589 compared with a
profit of EUR 238,332 in the previous period. |
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Working Capital |
The company's working capital decreased in the period by 41% |
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Tangible Net Worth |
Net worth reduced by 439,485 during the period and now stands at
EUR 690,461 |
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Fixed Assets |
The subjects fixed assets increased during the period by
EUR 300,241 to EUR 1,484,381 and are now 36% of total assets
compared with 36% in the previous period |
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Long Term Liabilities |
The company's long term liabilities increased during the period
by 192% and are now 139% of net worth compared with 29% in the previous
period |
|
Long Term Liabilities |
Long term liabilities are now 23% of total assets compared with
10% in the previous period |
|
Long Term Liabilities |
Long term liabilities are 58% of capital employed an increase of
36% over the previous period |
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 |
|
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/normal. |
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 |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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