MIRA
INFORM REPORT
|
Report Date : |
27.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
JIM QUIRKE ENGINEERING LIMITED |
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Registered Office : |
Killoughternane, bagnelstown, co. Carlow |
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Country : |
Ireland |
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Financials (as on) : |
30.06.2007 |
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Date of Incorporation : |
28.06.1997 |
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Com. Reg. No.: |
IE268089 |
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Legal Form : |
Private Limited Liability Company (IE) |
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Line of Business : |
Special Building Trade Contractors. |
RATING &
COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
company identification
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Subject Reported on |
JIM QUIRKE ENGINEERING LIMITED |
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Trading Address |
KILLOUGHTERNANE, BAGENALSTOWN,CARLOW, |
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identification |
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Telephone |
01503-73302 |
Significant Event
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Public source information received on 21/08/03 indicates that this
company is |
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Shareholding details are not quoted in this report as the issued
capital & shareholders in annual return made up to 29.03.2002, show
conflicting information. |
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Official Company Data
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|
Legal Form |
Private Limited Liability Company (IE) |
|
Registration Number |
IE268089 |
|
Date of Incorporation |
28/06/1997 |
|
Registered Office |
KILLOUGHTERNANE, BAGNELSTOWN, CO. CARLOW, |
|
Activities |
Subject is registered to operate as misc special bldg trade
contractors. |
Recently Filed Documents
( view available 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 |
JAMES QUIRKE |
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Occupation |
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Address |
KILLOUGHTERNANE,, , , |
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Country of Origin |
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Appointment Date |
30/06/1997 |
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Other Appointments |
JIM QUIRKE ENGINEERING LIMITED |
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DIRECTOR |
ANDREW QUIRKE |
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Occupation |
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|
Address |
KILLOUGHTERANE, BAGENALSTOWN , , |
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Country of Origin |
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Date of Birth |
19/12/1982 |
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Appointment Date |
28/03/2003 |
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Other Appointments |
JIM QUIRKE ENGINEERING LIMITED |
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SECRETARY |
JAMES QUIRKE |
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Address |
KILLOUGHTERNANE,, , BAGENALSTOWN , CO. CARLOW. |
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Country of Origin |
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Appointment Date |
30/06/1997 |
Recently Resigned
Directors (last 3)
|
None |
Share Summary
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Share Currency: |
GBP |
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Principal Shareholders: |
Type Of Share |
No. of Shares |
Value |
Voting %age |
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James Quirke |
ORD |
1 |
1.00 |
100.00 |
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Mortgages and Charges
|
There are no mortgages |
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Public Record
Information
Summary of CCJ's/Scottish
Decrees
|
There are no unsatisfied CCJs against the company. |
Operations
|
|
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|
Activities |
Subject is registered to operate as misc special bldg trade
contractors. |
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Sic Code |
Description |
|
4525 |
Other construction work involving special trades |
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Staff Employed |
6 |
Financial Data
Profit and Loss
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
30/06/2007 |
30/06/2006 |
30/06/2005 |
30/06/2004 |
|
Currency |
euro |
euro |
euro |
euro |
|
Units |
units |
units |
units |
units |
|
Consolidated? |
No |
No |
No |
No |
|
RETAINED PROFITS |
- |
67,887 |
- |
- |
Balance Sheet
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
30/06/2007 |
30/06/2006 |
30/06/2005 |
30/06/2004 |
|
Currency |
euro |
euro |
euro |
euro |
|
Units |
units |
units |
units |
units |
|
Consolidated? |
No |
No |
No |
No |
|
TOTAL FIXED ASSETS |
450,987 |
379,701 |
283,813 |
63,611 |
|
Total Fixed Assets |
193,051 |
- |
83,813 |
63,611 |
|
Intermediate Assets |
257,936 |
257,935 |
200,000 |
- |
|
TOTAL CURRENT ASSETS |
864,626 |
483,076 |
416,270 |
525,320 |
|
Stocks |
131,999 |
35,600 |
13,675 |
27,350 |
|
Trade Debtors |
397,742 |
304,615 |
245,244 |
269,800 |
|
Cash |
334,885 |
- |
157,351 |
228,169 |
|
TOTAL ASSETS |
1,315,612 |
862,777 |
700,083 |
588,931 |
|
TOTAL CURRENT LIABILITIES |
168,591 |
181,394 |
76,756 |
96,222 |
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Taxes |
84,796 |
16,522 |
- |
- |
|
Other Current Liabilities |
78,237 |
- |
76,756 |
96,222 |
|
Hire Purchase |
5,558 |
10,451 |
- |
- |
|
WORKING CAPITAL |
696,035 |
301,682 |
339,514 |
429,098 |
|
TOTAL LONG TERM LIABS |
17,267 |
4,059 |
13,890 |
0 |
|
Mortgages and loans |
17,267 |
- |
- |
- |
|
NET ASSETS/(LIABILITIES) |
1,147,022 |
681,383 |
623,327 |
492,709 |
|
SHARE CAPITAL + RESERVES |
1,129,754 |
677,324 |
609,437 |
492,709 |
|
Issued Share Capital |
1 |
1 |
1 |
1 |
|
Profit and Loss account |
1,129,753 |
677,323 |
609,436 |
492,708 |
|
SHAREHOLDERS FUNDS |
1,129,754 |
677,324 |
609,437 |
492,709 |
|
CAPITAL EMPLOYED |
1,147,021 |
681,383 |
623,327 |
492,709 |
|
TANGIBLE NET WORTH |
1,129,755 |
677,324 |
609,437 |
492,709 |
Key Credit Ratios
|
Accounts Date |
30/06/2007 |
30/06/2006 |
30/06/2005 |
30/06/2004 |
|
Current Ratio |
5.13 |
2.66 |
5.42 |
5.46 |
|
Profit Before Tax |
- |
0.09 |
- |
- |
|
Creditors Days (D.P.O) |
- |
65.06 |
- |
- |
|
Quick Ratio |
4.35 |
2.47 |
5.25 |
5.18 |
|
Return on Assets |
- |
13.12 |
- |
- |
|
T.N.W/Total Assets |
0.86 |
0.79 |
0.87 |
0.84 |
|
Return on Capital |
- |
11.64 |
- |
- |
|
Working Capital/Sales |
- |
0.00 |
- |
- |
|
Equity Gearing |
- |
- |
0.44 |
- |
|
Stock Turnover |
- |
0.00 |
- |
- |
|
Solvency (%) |
16.45 |
27.38 |
14.87 |
19.53 |
Financial Summary
|
Working Capital |
The company's working capital improved in the period by 131% |
|
Tangible Net Worth |
Net worth increased by 452,431 during the period and now stands at
euro 1,129,755,units |
|
Fixed Assets |
The subjects fixed assets increased during the period by euro
71,284 to euro 193,051,units and are now 15% of total assets
compared with 14% in the previous period |
|
Long Term Liabilities |
The company's long term liabilities increased during the period by
325% and are now 2% of net worth compared with 1% in the previous period |
|
Long Term Liabilities |
Long term liabilities are now 1% of total assets compared with 0% in
the previous period |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.73 |
|
UK Pound |
1 |
Rs.80.57 |
|
Euro |
1 |
Rs.64.29 |
RATING
EXPLANATIONS
|
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. |
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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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%)