MIRA
INFORM REPORT
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Report Date : |
06.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
MATT BUCKLEY TRACTOR SPARES LIMITED |
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Registered Office : |
Zone C, Mullingar Buisness Park, Mullingar, Co Westmeath |
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Country : |
Ireland |
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Financials (as on) : |
30.09.2006 |
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Date of Incorporation : |
27.09.2000 |
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Com. Reg. No.: |
IE333183 |
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Legal Form : |
Private Limited Liability Company (IE) |
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Line of Business : |
Wholesalers of Industrial Machinery and Equipment |
RATING &
COMMENTS
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MIRA’s Rating : |
Aa |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
Euro 1,290,400 |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Identification Details
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Subject Reported on |
MATT BUCKLEY TRACTOR SPARES LIMITED |
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Trading Address |
ZONE C, MULLINGAR BUSINESS PARK,MULLINGAR, |
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There is every confidence this company will prove good for the
assigned Credit Limit |
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Credit Limit |
euro 1,290,400 |
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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 7,867,100 |
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Buying from this company? The Contract Limit is the recommended
aggregate annual value for supply contracts. |
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Official Company Data
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Legal Form |
Private Limited Liability Company (IE) |
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Registration Number |
IE333183 |
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Date of Incorporation |
27/09/2000 |
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Registered Office |
ZONE C, MULLINGAR BUISNESS PARK, MULLINGAR, CO WESTMEATH |
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Activities |
Subject is registered to operate as industrial machinery &
equipment wholesalers. |
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 |
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Occupation |
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Address |
120 HILLSIDE DRIVE , CO. WESTMEATH , |
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Date of Birth |
07/02/1950 |
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Appointment Date |
27/09/2000 |
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Other Appointments |
MATT BUCKLEY TRACTOR SPARES LIMITED |
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DIRECTOR |
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Occupation |
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Address |
120 HILLSIDE DRIVE , CO. WESTMEATH , |
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Date of Birth |
06/11/1954 |
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Appointment Date |
27/09/2000 |
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Other Appointments |
MATT BUCKLEY TRACTOR SPARES LIMITED, WOMEN'S COMMUNITY PROJECTS
(MULLINGAR) ASSOCIATION LIMITED |
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SECRETARY |
MARINA BUCKLEY |
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Address |
120 HILLSIDE DRIVE, , MULLINGAR , CO. WESTMEATH |
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Country of Origin |
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Date of Birth |
06/11/1954 |
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Appointment Date |
28/09/2000 |
Recently Resigned Directors (last
3)
None
Share Summary
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Share Currency: |
GBP |
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Priniciple Shareholders: |
Type Of Share |
No. of Shares |
Value |
Voting %age |
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Marina Buckley |
ORD |
1,000 |
1,000.00 |
50.00 |
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Matthew Buckley |
ORD |
1,000 |
1,000.00 |
50.00 |
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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 |
Subject is registered to operate as industrial machinery &
equipment wholesalers. |
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Sic Code |
Description |
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5162 |
Wholesale of construction machinery |
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Staff Employed |
27 |
Financial Data
Profit and Loss
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
30/09/2006 |
30/09/2005 |
30/09/2004 |
30/09/2003 |
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Currency |
euro |
euro |
euro |
euro |
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Units |
units |
units |
units |
units |
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Consolidated? |
No |
No |
No |
No |
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GROSS PROFIT |
3,950,242 |
3,872,208 |
3,362,145 |
2,380,831 |
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Other Expenses |
1,236,744 |
1,194,448 |
940,442 |
558,159 |
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General administration costs (-) |
1,030,608 |
854,177 |
709,800 |
655,059 |
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Net Operating Profit(Loss) |
1,682,889 |
1,823,584 |
1,711,903 |
1,167,613 |
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Non Trading Income |
71,386 |
26,896 |
19,428 |
2,348 |
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Total Non Trading Income |
71,386 |
26,896 |
19,428 |
2,348 |
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Interest expenses & similar (-) |
206 |
449 |
1,487 |
617 |
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Financial Expenses |
206 |
449 |
1,487 |
959 |
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PRE TAX PROFIT |
1,754,070 |
1,850,030 |
1,729,844 |
1,169,002 |
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Other Taxation |
-32 |
226,449 |
218,527 |
0 |
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Taxation |
229,327 |
0 |
0 |
155,178 |
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PROFIT AFTER TAX |
1,524,774 |
1,623,581 |
1,511,317 |
1,013,824 |
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Net Profit |
1,524,774 |
1,623,581 |
1,511,317 |
1,013,824 |
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Dividends Payable |
0 |
0 |
0 |
0 |
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RETAINED PROFITS |
1,524,774 |
1,623,581 |
1,511,317 |
1,013,824 |
Balance Sheet
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
30/09/2006 |
30/09/2005 |
30/09/2004 |
30/09/2003 |
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Currency |
euro |
euro |
euro |
euro |
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Units |
units |
units |
units |
units |
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Consolidated? |
No |
No |
No |
No |
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TOTAL FIXED ASSETS |
430,404 |
421,362 |
307,786 |
174,876 |
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Total Fixed Assets |
430,404 |
415,037 |
- |
- |
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TOTAL CURRENT ASSETS |
7,618,289 |
6,538,013 |
5,159,892 |
3,514,173 |
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Stocks |
3,049,722 |
2,983,585 |
2,287,422 |
1,204,058 |
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Trade Debtors |
1,700,222 |
1,751,826 |
- |
1,040,529 |
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Cash |
2,868,345 |
1,802,603 |
1,337,234 |
1,269,586 |
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TOTAL ASSETS |
8,048,693 |
6,959,375 |
5,467,678 |
3,689,049 |
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TOTAL CURRENT LIABILITIES |
968,284 |
1,403,741 |
1,535,624 |
1,264,627 |
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Other Current Liabilities |
968,284 |
1,403,741 |
1,029,519 |
- |
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WORKING CAPITAL |
6,650,004 |
5,134,272 |
3,624,268 |
2,249,545 |
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TOTAL LONG TERM LIABS |
0 |
0 |
0 |
3,685 |
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NET ASSETS/(LIABILITIES) |
7,080,409 |
5,555,634 |
3,932,054 |
2,424,421 |
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SHARE CAPITAL + RESERVES |
7,080,408 |
5,555,633 |
3,932,053 |
2,420,736 |
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Issued Share Capital |
2,539 |
2,538 |
2,539 |
2,539 |
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Profit and Loss account |
7,077,869 |
5,553,095 |
3,929,514 |
2,418,197 |
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SHAREHOLDERS FUNDS |
7,080,408 |
5,555,633 |
3,932,053 |
2,420,736 |
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CAPITAL EMPLOYED |
7,080,408 |
5,555,633 |
3,932,053 |
2,424,421 |
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TANGIBLE NET WORTH |
7,080,409 |
5,555,634 |
3,932,054 |
2,420,737 |
Key Credit Ratios
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Accounts Date |
30/09/2006 |
30/09/2005 |
30/09/2004 |
30/09/2003 |
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Current Ratio |
7.87 |
4.66 |
3.36 |
2.78 |
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Quick Ratio |
4.72 |
2.53 |
1.87 |
1.83 |
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Return on Assets |
21.79 |
26.61 |
31.64 |
31.69 |
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T.N.W/Total Assets |
0.88 |
0.80 |
0.72 |
0.66 |
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Return on Capital |
24.77 |
33.30 |
43.99 |
48.22 |
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Solvency (%) |
13.68 |
25.27 |
39.05 |
52.39 |
Financial Summary
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Operating Profit |
Totalled euro 1,682,889,units In the period prior a profit of
euro 1,823,584,units was achieved. |
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Pre Tax |
The subject made a profit of euro 1,754,070,units compared with
a profit of euro 1,850,030,units in the previous period. |
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Working Capital |
The company's working capital improved in the period by 30% |
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Tangible Net
Worth |
Net worth increased by 1,524,775 during the period and now stands at
euro 7,080,409,units |
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Fixed Assets |
The subjects fixed assets increased during the period by euro
15,367 to euro 430,404,units and are now 5% of total assets
compared with 6% in the previous period |
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Long Term
Liabilities |
Long term liabilities are now 0% of total assets compared with 0% in
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 |
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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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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<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%)