MIRA INFORM REPORT

Report Date :

05.04.2011

IDENTIFICATION DETAILS

Correct Name :	MILLBROOK PAVING CENTRE LIMITED
Registered Office :	Farrankelly, Delgany, Co Wicklow, Co. Wicklow, Town Code 999936
Country :	Ireland
Financials (as on) :	31.12.2009
Date of Incorporation :	03.01.2008
Com. Reg. No.:	IE451276
Legal Form :	Private Limited By Shares
Line of Business :	----

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	(€) 500
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – December 31, 2010

Country Name	Previous Rating (30.09.2010)	Current Rating (31.12.2010)
Ireland	a2	a2

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company Summary

Company Summary
Company Name	MILLBROOK PAVING CENTRE LIMITED
Company Number	IE451276
Telephone Number
Address	FARRANKELLY, DELGANY, CO WICKLOW, CO. WICKLOW
Town Code	999936
Company Type	PRIVATE LIMITED BY SHARES
Incorporation Date	03/01/2008

Company Status Summary
Company Status	Active - Accounts Filed
Limit (€)	500
Active CCJ's	0
Value of CCJ's (€)	0
Writs	0

Director Summary
Directorships	3
Total Directorships	6

Financial Information
Date	31/12/2009	%	31/12/2008
Currency	NaN		NaN
Turnover	0	-	0
Shareholder Equity	-155,028	-12,342.1%	-1,246
Number of employees	0	-	0

Company Information

Address Information
Company Name	MILLBROOK PAVING CENTRE LIMITED
Company Number	IE451276
Registered Office Address	FARRANKELLYDELGANYCO WICKLOWCO. WICKLOW
Registered Office Post Code	999936
Registered Telephone No.
TPS Registered	N
Trading Address
Trading Postal Code
Trading Telephone Number
TPS Registered

Auditor/Banker's Information
Auditor Name	LEWIS & CO
Auditor Qualification	No Adverse Comments
Banker Name
Banker Sort Code

Other Information
Website Address
Incorporation Date	03/01/2008
Company Type	PRIVATE LIMITED BY SHARES
Type of Accounts	Small Company
Date of Latest Accounts	31/12/2009
Filing Date of Accounts
Annual Return Date	25/06/2010

Industry Information

Industry Description

Mortgage Information
Mortgages(s) Outstanding	0
Mortgages(s) Satisfied	0
Mortgage Type
Date Charge Created
Date Charge Registered
Date Charge Satisfied
Status
Person(s) Entitled
Amount Secured
Details

Shareholders information
Shares Held	100
Currency of Share	EUR
Name of Shareholder	GRATTAN EVANS
Nominal Value of each Share
Currency of Share	EUR

Accounts & Ratios

Period
Date From	01/01/2009	%	02/01/2008
Date To	31/12/2009	-	31/12/2008
Period of Month	12	-	12
Currency	EUR	-	EUR
Profit & Loss
Consolidated Accounts	N	-	N
Turnover	0	-	0
Export	-	-	-
Cost of Sales	-	-	-
Gross Profit	-	-	-
Operating Profit	-	-	-
Pre-Tax Profit	0	-	0
Tax	-	-	-
Post-Tax Profit	-	-	-
Dividends	-	-	-
Retained Profit	-	-	-
Interest Payable	-	-	-
Directors Remuneration	-	-	-
Wages & Salaries	-	-	-
Depreciation of Tangibles	21,411	14.4%	18,717
Auditor Fees	-	-	-

Capitals & Reserves
Called up Share Capital	100	0.0%	100
P&L Account Reserve	-155,128	-11,425.1%	-1,346
Sundry Reserves	0	-	0
Revaluation Reserve	0	-	0
Shareholder Funds	-155,028	-12,342.1%	-1,246
Net Worth	-155,028	-12,342.1%	-1,246

Miscellaneous
Net Cashflow from Operations	0	-	0
Net Cashflow before Financing	0	-	0
Net Cashflow from Financing	0	-	0
Capital Employed	-18,937	-130.0%	63,227
No of Employees	0	-	0

Balance Sheet
Tangible Assets	131,402	0.3%	131,020
Intangible Assets	0	-	0
Total Fixed Assets	131,402	0.3%	131,020
Stocks & Work-in-Progress	216,119	-36.8%	341,893
Debtors
- Trade Debtors	176,533	-20.7%	222,506
Cash	0	-	0
Misc. Current Assets	0	-	0
Total Current Assets
Creditors
- Trade Creditors	136,764	116.7%	63,106
- Bank Overdraft	147,932	-50.8%	300,893
Increase in Cash	0	-	0
Total Current Liabilities	542,991	-14.1%	632,192
Other Short Term Loans	248,442	4.0%	238,887
Miscellaneous Current Liabilities	9,853	-66.4%	29,306
Other Long Term Finance	0	-	0
Total Long Term Liabilities	136,091	111.1%	64,473
Overdraft Long Term Liabilities	284,023	-22.3%	365,366
Liabilities	679,082	-2.5%	696,665
Net Assets	-155,028	-12,342.1%	-1,246
Working Capital	-150,339	-121.8%	-67,793
Current Assets	392,652	-30.4%	564,399
Other Current Assets	0	-	0

Ratios
Date To	31/12/2009	%	31/12/2008
Trading Performance
Pre-Tax Profit Margin	0.0%	-	0.0%
Return on Capital Employed	0.0%	-	0.0%
Return on Total Assets Employed	0.0%	-	0.0%
Return on Net Assets Employed	0.0%	-	0.0%
Sales/Net Working Capital	0.00	-	0.00
Operating Efficiency
Stock Turnover Ratio	0.0%	-	0.0%
Debtor Days	0.00	-	0.00
Creditor Days	0.00	-	0.00
Short Term Stability
Current Ratio	0.72	-	0.89
Liquidity Ratio/Acid Ratio	0.32	-	0.35
Current Debt Ratio	-3.5 %	-	-507.4 %
Long Term Stability
Gearing	-183.2 %	-	-29323.1 %
Equity in Percentage	-29.6 %	-	-0.2 %
Total Debt Ratio	-4.4 %	-	-559.1 %

CCJ Summary

CCJ Summary
CCJ's Amount	0
CCJ's Value (€)	0
Writs	0

Record of Payments

No record of payments for company.

Group Structure

No Group Structure for this company.

Company History

Event History
Date	Description
28/07/2010	Annual Returns
28/07/2010	New Accounts Filed
27/08/2009	New Accounts Filed
26/08/2009	Annual Returns
03/08/2008	Annual Returns

Status History

No status history for this company.

Directors

Director
Directors Title
Name of Director	NIALL MC ADAMS
Address of Director	27 GILTSPUR BROOK, BRAY, CO. WICKLOW
Postcode of Director
Date of Birth	06/07/1975
Nationality of Director
Director Honours
Present Appointments	2
Function	Company Secretary
Appointment Date	03/01/2008

Director
Directors Title
Name of Director	NIALL MC ADAMS
Address of Director	27 GILTSPUR BROOK, BRAY, CO. WICKLOW
Postcode of Director
Date of Birth	06/07/1975
Nationality of Director
Director Honours
Present Appointments	2
Function	Director
Appointment Date	03/01/2008

Director
Directors Title
Name of Director	GRATTAN EVANS
Address of Director	ROCKFIELD HOUSE, PRIESTNEWTOWN, DELGANY, CO. WICKLOW
Postcode of Director
Date of Birth	15/12/1972
Nationality of Director
Director Honours
Present Appointments	2
Function	Director
Appointment Date	03/01/2008

Image Accounts

Accounts Images

31-12-2009

31-12-2008

Returns Images

31-12-2009

07-07-2008

31-12-2008

Other Images
10-02-2011	B3 SIT. OF MEMBERS/DEBENTURE HOLDERS/DIRECTORS
06-11-2009	B10 CHANGE IN DIRS/SEC
12-03-2008	CERTIFICATE
12-03-2008	C1 MORT/ CHARGE CREATED BY IRISH COMPANY
21-01-2008	B10 CHANGE IN DIRS/SEC
20-12-2007	A1 APPLICATION TO REGISTER AS A NEW COMPANY,
20-12-2007	MEMORANDUM AND ARTICLES

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FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.65
UK Pound	1	Rs.71.93
Euro	1	Rs.63.24

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	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

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.