MIRA INFORM REPORT

 

 

Report Date :

19.11.2008

 

IDENTIFICATION DETAILS

 

Name :

RR DONNELLEY DOCUMENT SOLUTIONS (IRELAND) LIMITED                        

 

 

Formerly Known as :

Astron Media Services Limited

 

 

Registered Office :

Astron House Unit 6b, Westgate Business Park, Ballymount, Dublin 24

 

 

Country :

Ireland

 

 

Financials (as on) :

31.12.2007

 

 

Date of Incorporation :

25.02.2000 

 

 

Legal Form :

Other

 

 

Line of Business :

Print Management and the Provision of Print and Mail Services

 

 

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

 

Maximum Credit Limit :

[£] 319,000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Name of the company

 

RR DONNELLEY DOCUMENT SOLUTIONS (IRELAND) LIMITED                                           

Number      IE321694                                      

 

 

company summary

 

 

 

Type

Other

 

 

Address

ASTRON HOUSE UNIT 6B,
WESTGATE BUSINESS PARK,
BALLYMOUNT,
DUBLIN 24

Company Status

Active - Accounts Filed

 

 

Town Code

216410

Incorporated Date

25/02/2000

 

 

 Todays Limit [£]                                                              319,000                                                          

 

 

Active CCJ's

0

 

 

 

Value of CCJ's [?]

€0

 

 

 

 

 

 

 

 

 

Current Directors

4

 

 

Total Directorships

4

 

 

 

* Trading to Date

31/12/07

31/12/06

31/12/05

 

Turnover

-

-

-

 

Shareholder Funds

€3,864,857

€2,548,775

€1,425,687

 

Employees

75

73

8

 

 

Trends

 

 

 

Profitability

 

 

Liquidity

 

 

Shareholders Funds

 

 

 

company information

 

 

Registered Address

 

 

 

 

 

 

 

NDD

N

 

 

 

Address

 

 

ASTRON HOUSE UNIT 6B
WESTGATE BUSINESS PARK
BALLYMOUNT
DUBLIN 24

 

 

 

Web Address

 

Incorporation Date

25/02/2000

 

Type of Accounts

Medium Company

Filing Date of Accounts

 

 

Company Type

Other

Date of Latest Accounts

31/12/2007

 

Annual Return

30/09/2008

 

 

 

 

Previous Name(s)

 

Changed:

04/02/2003

Astron Media Services Limited

 

 

Industry:

 

Print Management And The Provision Of Print And Mail Services.

 

 

 

 

 

SIC Code

Description

 

74849

Other Business Activities N.e.c.

 

 

Mortgage Charges

 

Outstanding

0

Satisfied

1

 

 

Shareholders

 

Share Capital

3.13

Currency

Eur

 

 

Previous Names Details                            

 

 

Previous Name(s)

 

Changed :

04/02/2003

Astron Media Services Limited

 

Changed :

25/02/2000

I.p.l.s.com Limited

 

 

Secondary Industry Code Details          

 

 

SIC Code

Description

 

74849

Other Business Activities N.e.c.

 

 

Mortgage Details                                      

 

 

Mortgage Type:

FLOATING CHARGE.

 

Date Charge Created:

06/04/2001

Date Charge Registered:

23/04/2001

 

Date Charge Satisfied:

10/11/2005

Status:

FULLY SATISFIED

 

Person(s) Entitled:

NATIONAL IRISH BANK LIMITED

 

Amount Secured:

ALL SUMS DUE OR TO BECOME DUE WHETHER AS PRINCIPAL OR SURETY BY THE COMPANY TO THE LENDER ON ANY ACCOUNT WHATSOEVER BOTH PRINCIPAL AND INTEREST

 

Details:

 

 

 

Shareholders Details                              

 

 

Name

Shares

 

Rr Donnelley Global Document Solutions Limited

3,125 Ordinary Eur 0.001

 

 

Trading Address Details                          

 

 

Address

Telephone Number

TCPS

 

ASTRON HOUSE UNIT 6B WESTGATE BUSINESS PARK BALLYMOUNT DUBLIN 24 216410

 

 

 

accounts

 

PROFIT & LOSS

* 

Annual Accounts

01/07-12/07

Change (%)

01/06-12/06

Change (%)

01/05-12/05

 

Months

12

-

12

-

12

 

Currency

EUR

-

EUR

-

EUR

 

Consolidated A/cs

N

-

N

-

N

 

Turnover

-

-

-

-

-

 

Export

-

-

-

-

-

 

Cost of Sales

-

-

-

-

-

 

Gross Profit

6,221,375

8.1 %

5,756,865

1.9 %

5,651,510

 

Wages & Salaries

3,003,909

4.7 %

2,869,159

-

-

 

Directors Emoluments

148,709

-36.3 %

233,517

-

-

 

Operating Profits

1,480,186

14.3 %

1,294,715

83.3 %

706,170

 

Depreciation

248,616

7.6 %

231,119

-

-

 

Audit Fees

25,000

-

25,000

-

-

 

Interest Payments

-

-100.0 %

14,923

186.5 %

5,208

 

Pre Tax Profit

1,480,186

15.7 %

1,279,792

82.6 %

700,962

 

Taxation

-192,252

-22.7 %

-156,704

-40.6 %

-111,444

 

Profit After Tax

1,287,934

14.7 %

1,123,088

90.5 %

589,518

 

Dividends Payable

-

-

-

-

-

 

Retained Profits

1,287,934

14.7 %

1,123,088

90.5 %

589,518

 

BALANCE SHEET

* 

Annual Accounts

01/07-12/07

Change (%)

01/06-12/06

Change (%)

01/05-12/05

 

Tangible Assets

596,118

-7.5 %

644,406

3.6 %

622,241

 

Intangible Assets

-

-

-

-

-

 

Total Fix Assets

596,118

-7.5 %

644,406

3.6 %

622,241

 

Total Current Assets

9,151,161

-16.7 %

10,984,218

16.4 %

9,439,116

 

Trade Debtors

6,004,692

-13.6 %

6,948,625

29.0 %

5,384,894

 

Stock

1,335,372

27.4 %

1,047,800

6.9 %

980,524

 

Cash

760,334

150.7 %

303,277

-80.4 %

1,547,958

 

Other Current Assets

1,050,763

-60.9 %

2,684,516

75.9 %

1,525,740

 

Increase In Cash

457,057

136.7 %

-1,244,681

-180.4 %

1,547,685

 

Miscellaneous Current Assets

-

-

-

-

-

 

Total Assets

9,747,279

-16.2 %

11,628,624

15.6 %

10,061,357

 

Total Current Liabilities

5,882,422

-35.2 %

9,079,849

5.1 %

8,635,670

 

Trade Creditors

2,795,480

-1.7 %

2,845,223

-27.6 %

3,927,579

 

Bank Overdraft

-

-

-

-

-

 

Other Short Term Fin

1,641,863

-56.3 %

3,753,793

-

-

 

Miscellaneous Current Liabilities

1,445,079

-41.8 %

2,480,833

-47.3 %

4,708,091

 

Other Long Term Fin

-

-

-

-

-

 

Total Long Term Liabilities

-

-

-

-

-

 

Bank Overdraft & LTL

-

-

-

-

-

 

Total Liabilities

5,882,422

-35.2 %

9,079,849

5.1 %

8,635,670

 

Net Assets

3,864,857

51.6 %

2,548,775

78.8 %

1,425,687

 

Working Capital

3,268,739

71.6 %

1,904,369

137.0 %

803,446

 

CAPITALS & RESERVES

 

* 

Annual Accounts

01/07-12/07

Change (%)

01/06-12/06

Change (%)

01/05-12/05

 

Paid up equity

3

-

3

-

3

 

P&L Account Reserve

3,834,706

50.6 %

2,546,772

78.9 %

1,423,684

 

Sundry Reserves

30,148

999.9%

2,000

-

2,000

 

Revaluation Reserve

-

-

-

-

-

 

Shareholder Funds

3,864,857

51.6 %

2,548,775

78.8 %

1,425,687

 

Net Worth

3,864,857

51.6 %

2,548,775

78.8 %

1,425,687

 

MISCELLANEOUS

 

* 

Annual Accounts

01/07-12/07

Change (%)

01/06-12/06

Change (%)

01/05-12/05

 

Net Cashflow from Operations

-

-

-

-

-

 

Net Cashflow before Financing

-

-

-

-

-

 

Net Cashflow from Financing

-

-

-

-

-

 

Contingent Liability

NO

-

NO

-

-

 

Capital Employed

3,864,857

51.6 %

2,548,775

78.8 %

1,425,687

 

No of Employees

75

2.7 %

73

812.5 %

8

 

     

Auditors

DELOITTE & TOUCHE

 

AuditQualification

No Adverse Comments

 

Bankers

BANK OF IRELAND

 

BankBranchCode

 

 

RATIOS

 

* 

Annual Accounts

01/07-12/07

01/06-12/06

01/05-12/05

 

Pre-tax profit margin %

-

-

-

 

Current ratio

1.56

1.21

1.09

 

Sales/Net Working Capital

-

-

0.00

 

Gearing %

0.0 %

0.0 %

0.0 %

 

Equity in %

39.7 %

21.9 %

14.2 %

 

Creditor Days

-

-

-

 

Debtor Days

-

-

-

 

Liquidity/Acid Test

1.32

1.09

0.98

 

Return On Capital Employed %

38.3 %

50.2 %

49.2 %

 

Return On Total Assets Employed %

15.2 %

11.0 %

7.0 %

 

Current Debt Ratio %

1.5 %

3.6 %

6.1 %

 

Total Debt Ratio %

1.5 %

3.6 %

6.1 %

 

Stock Turnover Ratio %

-

-

-

 

Return on Net Assets Employed %

38.3 %

50.2 %

49.2 %

 

 

group structure

 

 

Ultimate Parent Company

RRD DUTCH HOLDCO INC

 

Companies in Group

27

 

 

Company Name

Registered Number

Latest Annual Accounts

 

RRD DUTCH HOLDCO INC

U.S.A.

N/A

 

RRD GDS LIMITED

05424810

31/12/2007

 

RR DONNELLEY GLOBAL DOCUMENT SOLUTIONS LIMITED

03906860

31/12/2007

 

CRITICAL MAIL CONTINUITY SERVICES LIMITED

03369486

31/12/2007

 

RR DONNELLEY DOCUMENT SOLUTIONS (IRELAND) LIMITED<<<

IE321694

31/12/2007

 

RR DONNELLEY BUSINESS COMMUNICATION SERVICES LIMITED

03871504

31/12/2007

 

EDOTECH TRUSTEE COMPANY LIMITED

03902061

31/12/2007

 

ONLINE BILLS LIMITED

04226883

31/12/2006

 

EDOTECH INVESTMENTS LIMITED

04080270

31/12/2006

 

PAPERFLOW SERVICES LIMITED

02785434

31/12/2006

 

LASERCOM HOLDINGS LIMITED

04121318

31/12/2007

 

LASERCOM (UK) LTD

02891197

31/12/2007

 

RRD BPO HOLDINGS LIMITED

04805445

31/12/2007

 

DEI GROUP LIMITED

02613886

31/12/2007

 

DATA ENTRY HOLDINGS LTD

JERSEY

N/A

 

BUSINESS SYSTEMS (BUREAU) LIMITED

03864196

31/12/2007

 

ASTRON CUSTOMER SOLUTIONS LIMITED

03342990

31/12/2006

 

RR DONNELLEY BSL LIMITED

03851600

31/12/2007

 

RR DONNELLEY BUSINESS PROCESS OUTSOURCING LIMITED

04768804

31/12/2007

 

RRD GDS HOLDINGS (EUROPE) LIMITED

03141916

31/12/2007

 

KADOCOURT LIMITED

01564944

31/12/2007

 

HUNT BARNARD PRINTING LIMITED

01581122

31/12/2006

 

SATELLITE PRESS LIMITED

02005665

31/12/2007

 

RR DONNELLEY ON-LINE LIMITED

02263210

31/12/2007

 

RRD PM HOLDINGS LIMITED

03647911

31/12/2007

 

E-DOC GROUP PENSION SCHEME TRUSTEE LIMITED

03323715

31/12/2007

 

 RR DONNELLEY PRINT & MEDIA SERVICES LIMITED

03658746

31/12/2007

 

Event History

 

Date

Description

11/11/2008

Annual Returns

11/11/2008

New Accounts Filed

31/05/2008

Annual Returns

30/05/2008

New Company Secretary (dave Furney) Appointed

30/04/2008

New Accounts Filed

 

 

Directors

 

 

Name

SIMON SMALL

 

 

Address

6 ROWLEY CLOSE,

 

 

 

EDINGALE,

 

 

STAFFORDSHIRE B79 9LN,

 

 

UK

 

Officers Title

 

Date Of Birth

24/06/1961

 

Honours

 

Present Appointments

1

 

Appointment Date

01/07/2007

Function

Director

 

 

Name

FREDERICK POLLOCK

 

 

Address

61 EAST CLAREMONT STREET,

 

 

 

EDINBURGH EH7 4HU,

 

 

SCOTLAND

 

Officers Title

 

Date Of Birth

10/01/1965

 

Honours

 

Present Appointments

1

 

Appointment Date

01/07/2007

Function

Director

 

 

Name

DAVE FURNEY

 

 

Address

161 WHITECLIFF

 

 

 

RATHFARNHAM

 

 

DUBLIN16

 

Officers Title

 

Date Of Birth

21/07/1967

 

Honours

 

Present Appointments

2

 

Appointment Date

29/02/2008

Function

Company Secretary

 

 

 

 

 

 

 

Name

DAVE FURNEY

 

 

Address

161 WHITECLIFF

 

 

 

RATHFARNHAM

 

 

DUBLIN16

 

Officers Title

 

Date Of Birth

21/07/1967

 

Honours

 

Present Appointments

2

 

Appointment Date

31/05/2007

Function

Director

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.03

UK Pound

1

Rs.74.42

Euro

1

Rs.62.71

 

 

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%)

 

 

 

 

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