MIRA INFORM REPORT
|
Report Date : |
19.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
THORN ENVIRONMENTAL LIMITED |
|
|
|
|
Registered Office : |
104 Patrick Street, Dun Laoghaire, Co Dublin, Co Dublin 216410 |
|
|
|
|
Country : |
Ireland |
|
|
|
|
Financials (as on) : |
31.01.2010 |
|
|
|
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Date of Incorporation : |
28.01.1997 |
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|
|
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Com. Reg. No.: |
IE260375 |
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|
|
|
Legal Form : |
Private Limited By Shares |
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|
|
|
Line of Business : |
distribution of packing materials |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
(€) 50,000 |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
No Complaints |
|
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 |
THORN ENVIRONMENTAL LIMITED |
|
Company Number |
IE260375 |
|
Telephone Number |
|
|
Address |
104 PATRICK STREET, DUN LAOGHAIRE, CO DUBLIN, CO DUBLIN |
|
Town Code |
216410 |
|
Company Type |
PRIVATE LIMITED BY SHARES |
|
Incorporation Date |
28/01/1997 |
|
Company Status Summary |
|
|
Company Status |
Active - Accounts Filed |
|
Limit (€) |
50,000 |
|
Active CCJ's |
0 |
|
Value of CCJ's (€) |
0 |
|
Writs |
0 |
|
Director Summary |
|
|
Directorships |
3 |
|
Total Directorships |
9 |
|
Financial Information |
|||||
|
Date |
31/01/2010 |
% |
31/01/2009 |
% |
31/01/2008 |
|
Currency |
NaN |
NaN |
NaN |
||
|
Turnover |
0 |
- |
0 |
- |
0 |
|
Shareholder Equity |
792,664 |
26.6% |
626,151 |
38.8% |
451,232 |
|
Number of employees |
3 |
- |
3 |
- |
3 |
Company Information
|
Address Information |
|
|
Company Name |
THORN ENVIRONMENTAL LIMITED |
|
Company Number |
IE260375 |
|
Registered Office Address |
104 PATRICK STREETDUN LAOGHAIRECO DUBLINCO DUBLIN |
|
Registered Office Post Code |
216410 |
|
Registered Telephone No. |
|
|
TPS Registered |
N |
|
Trading Address |
|
|
Trading Postal Code |
|
|
Trading Telephone Number |
|
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TPS Registered |
|
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Auditor/Banker's Information |
|
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Auditor Name |
ANTHONY ROSENSHINE & CO |
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Auditor Qualification |
No Adverse Comments |
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Banker Name |
BANK OF IRELAND |
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Banker Sort Code |
90-11-16 |
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Other Information |
|
|
Website Address |
|
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Incorporation Date |
28/01/1997 |
|
Company Type |
PRIVATE LIMITED BY SHARES |
|
Type of Accounts |
Medium Company |
|
Date of Latest Accounts |
31/01/2010 |
|
Filing Date of Accounts |
|
|
Annual Return Date |
27/10/2010 |
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Industry Information |
|
|
Industry Description |
The distribution of packing materials. |
|
Mortgage Information |
|
|
Mortgages(s) Outstanding |
0 |
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Mortgages(s) Satisfied |
0 |
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|
|
|
Mortgage Type |
|
|
Date Charge Created |
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Date Charge Registered |
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Date Charge Satisfied |
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Status |
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Person(s) Entitled |
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Amount Secured |
|
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Details |
|
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Shareholders information |
|
|
Shares Held |
3 |
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Currency of Share |
EUR |
|
|
|
|
Name of Shareholder |
IMELDA THORN |
|
Nominal Value of each Share |
|
|
Currency of Share |
EUR |
Accounts & Ratios
|
Period |
|||||
|
Date From |
01/02/2009 |
% |
02/02/2008 |
% |
01/02/2007 |
|
Date To |
31/01/2010 |
- |
31/01/2009 |
- |
31/01/2008 |
|
Period of Month |
12 |
- |
12 |
- |
12 |
|
Currency |
EUR |
- |
EUR |
- |
EUR |
|
Profit & Loss |
|||||
|
Consolidated Accounts |
N |
- |
N |
- |
N |
|
Turnover |
0 |
- |
0 |
- |
0 |
|
Export |
- |
- |
- |
- |
- |
|
Cost of Sales |
- |
- |
- |
- |
- |
|
Gross Profit |
545,488 |
1.5% |
537,464 |
-6.2% |
572,799 |
|
Operating Profit |
184,620 |
-6.0% |
196,322 |
- |
- |
|
Pre-Tax Profit |
189,162 |
-5.9% |
200,922 |
-20.1% |
251,592 |
|
Tax |
-22,649 |
12.9% |
-26,003 |
18.1% |
-31,761 |
|
Post-Tax Profit |
166,513 |
-4.8% |
174,919 |
-20.4% |
219,831 |
|
Dividends |
0 |
- |
0 |
- |
0 |
|
Retained Profit |
166,513 |
-4.8% |
174,919 |
-20.4% |
219,831 |
|
Interest Payable |
8,534 |
2.1% |
8,358 |
-49.1% |
16,429 |
|
Directors Remuneration |
- |
- |
- |
- |
- |
|
Wages & Salaries |
- |
- |
- |
- |
- |
|
Depreciation of Tangibles |
1,481 |
- |
0 |
- |
0 |
|
Auditor Fees |
2,900 |
0.0% |
2,900 |
0.0% |
2,900 |
|
Capitals & Reserves |
|||||
|
Called up Share Capital |
3 |
0.0% |
3 |
0.0% |
3 |
|
P&L Account Reserve |
792,661 |
26.6% |
626,148 |
38.8% |
451,229 |
|
Sundry Reserves |
0 |
- |
0 |
- |
0 |
|
Revaluation Reserve |
0 |
- |
0 |
- |
0 |
|
Shareholder Funds |
792,664 |
26.6% |
626,151 |
38.8% |
451,232 |
|
Net Worth |
792,664 |
26.6% |
626,151 |
38.8% |
451,232 |
|
Miscellaneous |
|||||
|
Net Cashflow from Operations |
0 |
- |
0 |
- |
0 |
|
Net Cashflow before Financing |
0 |
- |
0 |
- |
0 |
|
Net Cashflow from Financing |
0 |
- |
0 |
- |
0 |
|
Capital Employed |
792,664 |
26.6% |
626,151 |
38.8% |
451,232 |
|
No of Employees |
3 |
0.0% |
3 |
0.0% |
3 |
|
Balance Sheet |
|||||
|
Tangible Assets |
5,926 |
- |
0 |
- |
0 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
5,926 |
- |
0 |
- |
0 |
|
Stocks & Work-in-Progress |
217,556 |
-26.8% |
297,330 |
9.4% |
271,773 |
|
Debtors |
|||||
|
- Trade Debtors |
202,586 |
-45.9% |
374,320 |
6.0% |
353,084 |
|
Cash |
536,016 |
342.7% |
121,080 |
136.8% |
51,134 |
|
Misc. Current Assets |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
|||||
|
Creditors |
|||||
|
- Trade Creditors |
183,485 |
29.7% |
141,491 |
-26.7% |
192,936 |
|
- Bank Overdraft |
0 |
- |
0 |
- |
0 |
|
Increase in Cash |
414,936 |
493.2% |
69,946 |
- |
0 |
|
Total Current Liabilities |
206,211 |
23.8% |
166,579 |
-26.0% |
225,233 |
|
Other Short Term Loans |
77 |
1,440.0% |
5 |
-99.1% |
536 |
|
Miscellaneous Current Liabilities |
22,649 |
-9.7% |
25,083 |
-21.0% |
31,761 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
|
Total Long Term Liabilities |
0 |
- |
0 |
- |
0 |
|
Overdraft Long Term Liabilities |
0 |
- |
0 |
- |
0 |
|
Liabilities |
206,211 |
23.8% |
166,579 |
-26.0% |
225,233 |
|
Net Assets |
792,664 |
26.6% |
626,151 |
38.8% |
451,232 |
|
Working Capital |
786,738 |
25.6% |
626,151 |
38.8% |
451,232 |
|
Current Assets |
992,949 |
25.3% |
792,730 |
17.2% |
676,465 |
|
Other Current Assets |
36,791 |
- |
0 |
-100.0% |
474 |
|
Ratios |
|||||
|
Date To |
31/01/2010 |
% |
31/01/2009 |
% |
31/01/2008 |
|
Trading Performance |
|||||
|
Pre-Tax Profit Margin |
0.0% |
- |
0.0% |
- |
0.0% |
|
Return on Capital Employed |
23.9 % |
- |
32.1 % |
- |
55.8 % |
|
Return on Total Assets Employed |
18.9 % |
- |
25.3 % |
- |
37.2 % |
|
Return on Net Assets Employed |
23.9 % |
- |
32.1 % |
- |
55.8 % |
|
Sales/Net Working Capital |
0.00 |
- |
0.00 |
- |
0.00 |
|
Operating Efficiency |
|||||
|
Stock Turnover Ratio |
0.0% |
- |
0.0% |
- |
0.0% |
|
Debtor Days |
0.00 |
- |
0.00 |
- |
0.00 |
|
Creditor Days |
0.00 |
- |
0.00 |
- |
0.00 |
|
Short Term Stability |
|||||
|
Current Ratio |
4.82 |
- |
4.76 |
- |
3.00 |
|
Liquidity Ratio/Acid Ratio |
3.76 |
- |
2.97 |
- |
1.79 |
|
Current Debt Ratio |
0.3 % |
- |
0.3 % |
- |
0.5 % |
|
Long Term Stability |
|||||
|
Gearing |
0.0 % |
- |
0.0 % |
- |
0.0 % |
|
Equity in Percentage |
79.4 % |
- |
79.0 % |
- |
66.7 % |
|
Total Debt Ratio |
0.3 % |
- |
0.3 % |
- |
0.5 % |
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 |
|
06/11/2010 |
New Accounts Filed |
|
06/11/2010 |
New Accounts Filed |
|
04/11/2010 |
Annual Returns |
|
01/12/2009 |
Annual Returns |
|
30/11/2009 |
New Accounts Filed |
|
23/11/2008 |
Annual Returns |
|
23/11/2008 |
New Accounts Filed |
|
Status History |
|
|
No status history for this company. |
|
Directors
|
Director |
|
|
Directors Title |
|
|
Name of Director |
IMELDA MCGUINNESS |
|
Address of Director |
44 CLARINDA PARK EAST, DUN LAOGHAIRE, CO. DUBLIN |
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Postcode of Director |
|
|
Date of Birth |
12/08/1958 |
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Nationality of Director |
|
|
Director Honours |
|
|
Present Appointments |
1 |
|
Function |
Director |
|
Appointment Date |
11/03/1997 |
|
Director |
|
|
Directors Title |
|
|
Name of Director |
MYLES THORN |
|
Address of Director |
44, CLARINDA PARK EAST,, DUN LAOGHAIRE, COUNTY DUBLIN. |
|
Postcode of Director |
|
|
Date of Birth |
10/01/1958 |
|
Nationality of Director |
|
|
Director Honours |
|
|
Present Appointments |
4 |
|
Function |
Company Secretary |
|
Appointment Date |
11/03/1997 |
|
Director |
|
|
Directors Title |
|
|
Name of Director |
MYLES THORN |
|
Address of Director |
44, CLARINDA PARK EAST,, DUN LAOGHAIRE, COUNTY DUBLIN. |
|
Postcode of Director |
|
|
Date of Birth |
10/01/1958 |
|
Nationality of Director |
|
|
Director Honours |
|
|
Present Appointments |
4 |
|
Function |
Director |
|
Appointment Date |
11/03/1997 |
Image Accounts
|
Accounts Images |
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|
31-01-2010 |
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31-01-2009 |
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31-01-2008 |
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|
31-01-2007 |
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Returns Images |
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31-01-2010 |
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31-01-2009 |
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31-01-2008 |
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|
31-01-2007 |
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Other Images |
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|
19-12-2007 |
C1 MORT/ CHARGE CREATED BY IRISH COMPANY |
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|
19-12-2007 |
CERTIFICATE |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.27 |
|
UK Pound |
1 |
Rs.7208 |
|
Euro |
1 |
Rs.63.66 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.