MIRA INFORM REPORT

 

 

 

Report Date :

08.10.2008

 

IDENTIFICATION DETAILS

 

Name :

AUGHEY SCREENS LIMITED

 

 

formerly Known as :

AUGHEY PROPERTY LIMITED

 

 

Registered Office :

Killyconnigan Industrial Estate, Clones Road, Monaghan

 

 

Country :

Ireland

 

 

Financials (as on) :

30.06.2007

 

 

Date of Incorporation :

25.01.1973         

 

 

Legal Form :

Private Limited with Share Capital

 

 

Line of Business :

Provide  Products for the Sizing and Grading of Materials:

Woven Wire Screens, Clean Screens, Elongated Screens , Speed Screens , Finger Screens, Rubber Screen Mats and Perforated Plate.

 

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 :

(£) 136,000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Name of the company

 

AUGHEY SCREENS LIMITED

Number                        IE040281

 

 

company summary

 

Address                                                           Killyconnigan Industrial Estate,
Clones Road,
Monaghan,
Monaghan

Town Code                                                       486816

Type                                                                Private limited with Share Capital                      

 Company Status                                              Active - Accounts Filed                                    

 Incorporated Date                                             25/01/1973    

 

 

Todays Limit [£]                                                              136,000                                                          

 

Active CCJ's                                                   0                                                                            

Value of CCJ's [?]                                           €0                                                                            

                                                                                                                                                   

Current Directors                                            3                                                                              

Total Directorships                                          24                                                                            

 

Trading to Date                                        30/06/07                       30/06/06                       30/06/05

Turnover                                                  -                                  -                                  -

Shareholder Funds                                   €1,857,198                   €1,584,287                   €2,796,301

Employees                                              -                                  30                                -

 

Trends                                                                                     

Profitability                                                                            

Liquidity                                                                                

Shareholders Funds                                                               

 

 

company information

 

                                                                                    Registered Address    

                                                                                                                                   

                                                                NDD              N                                             

                                                                                    Address           

                                                                                    Killyconnigan Industrial Estate
Clones Road
Monaghan
Monaghan                                                                    

 

 

 

Web Address                                                                                 Incorporation Date                    25/01/1973

Type of Accounts         Small Company                                           Filing Date of Accounts           

Company Type             Private Limited With Share Capital                 Date of Latest Accounts           30/06/2007

Annual Return              02/06/2008                                                                                               

 

 

 

Previous Name(s)

Changed:                       02/11/2004                         Aughey Property Limited

                                                                                   

 

 

 

 

Mortgage Charges

Outstanding                                                                      4       Satisfied                                                  4

                                                                                                                                                                       

 

Shareholders

Share Capital     1277987.34       Currency           Eur

                                                                                                                                                           

 

 

Previous Names Details

 

 

            Previous Name(s)

                                      Changed :                          02/11/2004 Aughey Property Limited

                                      Changed :                               Aughey Screens Limited

 

 

 

Mortgage Details

           

 

                                           Mortgage Type:    A floating charge on the undertakings or property of the company.

                                           Date Charge Created:                                                    07/10/2003           Date Charge Registered:                         17/07/2003

                                           Date Charge Satisfied:                                                     Status: NOT SATISFIED

                                           Person(s) Entitled: BANK OF SCOTLAND (IRELAND) COMMERCIAL FINANCE LIMITED

                                           Amount Secured: 

 

 

 

                                           Mortgage Type:     DEED OF CHATTEL MORTGAGE.

                                           Date Charge Created:                                                 13/04/1995   Date Charge Registered: 25/04/1995

                                           Date Charge Satisfied:                                               04/07/2003   Status: FULLY SATISFIED

                                           Person(s) Entitled: ICC BANK PLC

                                           Amount Secured:  ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED

 

 

 

                                           Mortgage Type:     A DEED OF MORTGAGE DEBENTURE.

                                           Date Charge Created:                                                 09/02/1994   Date Charge Registered: 09/06/1994

                                           Date Charge Satisfied:                                               04/07/2003   Status: FULLY SATISFIED

                                           Person(s) Entitled: ICC BANK PLC

                                           Amount Secured:  ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE

                                           Details:     

 

 

 

                                           Mortgage Type:    A MORTGAGE DEBENTURE.

                                           Date Charge Created:                                                    01/05/1990           Date Charge Registered:                         01/12/1990

                                           Date Charge Satisfied:                                                     Status: NOT SATISFIED

                                           Person(s) Entitled:            ULSTER BANK LIMITED

                                           Amount Secured: ALL SUMS DUE OR TO BECOME DUE WITH INTEREST

 

 

 

                                          

Mortgage Type:                   A MORTGAGE DEBENTURE.

                                           Date Charge Created:                                                    11/06/1989           Date Charge Registered:                         13/11/1989

                                           Date Charge Satisfied:                                                     Status: NOT SATISFIED

                                           Person(s) Entitled:            ULSTER BANK LIMITED

                                           Amount Secured: ALL SUMS DUE OR TO BECOME DUE WITH INTEREST

 

 

 

                                           Mortgage Type:    FIXED CHARGE ON MACHINERY.

                                           Date Charge Created:                                                    11/06/1989           Date Charge Registered:                         13/11/1989

                                           Date Charge Satisfied:                                                     Status: NOT SATISFIED

                                           Person(s) Entitled:            ULSTER BANK LIMITED

                                           Amount Secured: ALL SUMS DUE OR TO BECOME DUE WITH INTEREST

 

 

 

                                           Mortgage Type:     DEED OF MORTGAGE.

                                           Date Charge Created:                                                 24/09/1982   Date Charge Registered: 10/07/1982

                                           Date Charge Satisfied:                                               12/04/1989   Status: FULLY SATISFIED

                                           Person(s) Entitled: INDUSTRIAL CREDIT CORPORATION PLC

                                           Amount Secured:  ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED

 

 

 

                                           Mortgage Type:    A DEED OF DEBENTURE.

                                           Date Charge Created:                                                18/08/1980  Date Charge Registered: 09/08/1980

                                           Date Charge Satisfied:                                               12/04/1989  Status: FULLY SATISFIED

                                           Person(s) Entitled:            INDUSTRIAL CREDIT CORPORATION PLC

                                           Amount Secured: ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED

 

 

 

 

Shareholders Details

           

 

                                                                           Name            Shares

                                                                           Aughey Holdings Limited          682,000 Ordinary A Eur 1.00

                                                                           Aughey Holdings Limited          429,999 Ordinary Eur 1.269738

                                                                           Enterprise Ireland        50,000 Preference Eur 1.00

                                                                           Barry Aughey  1 Ordinary Eur 1.269738

 

 

Trading Address Details                          

 

Address                                                                                                               Telephone Number     TCPS

Killyconnigan Industrial Estate Clones Road Monaghan Monaghan 486816                                                 

 

 

 

 

 

accounts

 

PROFIT & LOSS

 

 

Annual Accounts

07/06-06/07

Change (%)

07/05-06/06

Change (%)

07/04-06/05

 

Months

12

-

12

-

12

 

Currency

EUR

-

EUR

-

EUR

 

Consolidated A/cs

N

-

N

-

N

 

Turnover

-

-

-

-

-

 

Export

-

-

-

-

-

 

Cost of Sales

-

-

-

-

-

 

Gross Profit

-

-

-

-

-

 

Wages & Salaries

-

-

-

-

-

 

Directors Emoluments

-

-

-

-

-

 

Operating Profits

-

-

-

-

-

 

Depreciation

-

-

-

-

-

 

Audit Fees

-

-

-

-

-

 

Interest Payments

-

-

-

-

-

 

Pre Tax Profit

-

-

-

-

-

 

Taxation

-

-

-

-

-

 

Profit After Tax

-

-

-

-

-

 

Dividends Payable

-

-

-

-

-

 

Retained Profits

-

-

-

-

-

 

BALANCE SHEET

 

 

Annual Accounts

07/06-06/07

Change (%)

07/05-06/06

Change (%)

07/04-06/05

 

Tangible Assets

756,528

-12.4 %

863,652

-71.3 %

3,008,103

 

Intangible Assets

81,393

-

-

-

-

 

Total Fix Assets

837,921

-3.0 %

863,652

-71.3 %

3,008,103

 

Total Current Assets

2,628,905

6.6 %

2,466,062

-7.9 %

2,676,765

 

Trade Debtors

1,795,494

-

-

-

-

 

Stock

539,575

127.3 %

237,359

-2.6 %

243,789

 

Cash

293,836

999.9%

13,885

142.2 %

5,732

 

Other Current Assets

-

-100.0 %

2,214,818

-8.8 %

2,427,244

 

Increase In Cash

279,951

999.9%

8,153

42.2 %

5,732

 

Miscellaneous Current Assets

-

-

-

-

-

 

Total Assets

3,466,826

4.1 %

3,329,714

-41.4 %

5,684,868

 

Total Current Liabilities

1,396,495

-13.0 %

1,604,761

-6.2 %

1,710,988

 

Trade Creditors

1,237,447

-

-

-

-

 

Bank Overdraft

65,704

-

-

-

-

 

Other Short Term Fin

23,135

-78.3 %

106,582

-27.5 %

147,035

 

Miscellaneous Current Liabilities

70,209

-95.3 %

1,498,179

-4.2 %

1,563,953

 

Other Long Term Fin

17,155

-48.0 %

33,012

-96.8 %

1,047,842

 

Total Long Term Liabilities

213,133

51.5 %

140,666

-88.1 %

1,177,579

 

Bank Overdraft & LTL

278,837

98.2 %

140,666

-88.1 %

1,177,579

 

Total Liabilities

1,609,628

-7.8 %

1,745,427

-39.6 %

2,888,567

 

Net Assets

1,857,198

17.2 %

1,584,287

-43.3 %

2,796,301

 

Working Capital

1,232,410

43.1 %

861,301

-10.8 %

965,777

 

CAPITALS & RESERVES

 

 

Annual Accounts

07/06-06/07

Change (%)

07/05-06/06

Change (%)

07/04-06/05

 

Paid up equity

1,277,987

-

1,277,987

-

1,277,987

 

P&L Account Reserve

519,559

69.6 %

306,300

13.3 %

270,411

 

Sundry Reserves

59,652

-

-

-

-

 

Revaluation Reserve

-

-

-

-100.0 %

1,247,903

 

Shareholder Funds

1,857,198

17.2 %

1,584,287

-43.3 %

2,796,301

 

Net Worth

1,775,805

12.1 %

1,584,287

-43.3 %

2,796,301

 

MISCELLANEOUS

 

 

Annual Accounts

07/06-06/07

Change (%)

07/05-06/06

Change (%)

07/04-06/05

 

Net Cashflow from Operations

-

-

-

-

-

 

Net Cashflow before Financing

-

-

-

-

-

 

Net Cashflow from Financing

-

-

-

-

-

 

Contingent Liability

NO

-

-

-

-

 

Capital Employed

2,070,331

30.7 %

1,584,287

-43.3 %

2,796,301

 

No of Employees

-

-

30

-

-

     

Auditors

MCARDLE CASSIDY MCQUAID

 

AuditQualification

No Adverse Comments

 

Bankers

ULSTER BANK LTD

 

BankBranchCode

 

 

RATIOS

 

Annual Accounts

07/06-06/07

07/05-06/06

07/04-06/05

 

Pre-tax profit margin %

-

-

-

 

Current ratio

1.88

1.54

1.56

 

Sales/Net Working Capital

-

0.00

0.00

 

Gearing %

15.0 %

8.9 %

42.1 %

 

Equity in %

54.9 %

47.6 %

49.2 %

 

Creditor Days

-

-

-

 

Debtor Days

-

-

-

 

Liquidity/Acid Test

1.50

1.39

1.42

 

Return On Capital Employed %

-

0.0 %

0.0 %

 

Return On Total Assets Employed %

-

0.0 %

0.0 %

 

Current Debt Ratio %

0.8 %

1.0 %

0.6 %

 

Total Debt Ratio %

0.9 %

1.1 %

1.0 %

 

Stock Turnover Ratio %

-

-

-

 

Return on Net Assets Employed %

-

0.0 %

0.0 %

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

group structure

 

                                                                           Ultimate Parent Company        AUGHEY HOLDINGS LIMITED

                                                                           Companies in Group    5

 

 

 

                                                                              Company Name     Registered Number      Latest Annual Accounts

AUGHEY HOLDINGS LIMITED                                 IE300765                 30/06/2007

AUGHEY PLANT INTERNATIONAL LIMITED              IE382200                 30/06/2007

AUGHEY RESEARCH AND DESIGNS LIMITED         IE205381                 30/06/200

AUGHEY RESIDUAL HOLDINGS                              IE391470                 N/A

AUGHEY SCREENS LIMITED<<<                            IE040281                 30/06/2007

 

 

 

Event History

 

 

Date                                               Description

26/02/2008                                      Annual Returns

21/02/2008                                      New Accounts Filed

 

 

 

directors

 

                                      Name                                   DEIRDRE COSTELLO    

                                      Address                                TULLYCALLICK, 

                                                GLASLOUGH,

                                                CO. MONAGHAN.

                                      Officers Title                                                              Date Of Birth    08/02/1971

                                      Honours                                                                     Present Appointments  6

                                      Appointment Date                01/03/1996                     Function           Director

                                                                                                                                    

 

 

 

                                      Name                                   BARRY AUGHEY           

                                      Address                                Tullycallick         

                                                Glaslough

                                                Co. Monaghan

                                      Officers Title                                                              Date Of Birth    21/06/1965

                                      Honours                                                                     Present Appointments  18

                                      Appointment Date                06/02/1991                     Function           Company Secretary

                                                                                                                                    

 

 

 

                                      Name                                   BARRY AUGHEY           

                                      Address                                Tullycallick         

                                                Glaslough

                                                Co. Monaghan

                                      Officers Title                                                              Date Of Birth    21/06/1965

                                      Honours                                                                     Present Appointments  18

                                      Appointment Date                06/02/1991                     Function           Director

                                                                                                                                    

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.72

UK Pound

1

Rs.82.17

Euro

1

Rs.65.90

 

 

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