MIRA INFORM REPORT

 

 

Report Date :           

02.12.2011

 

IDENTIFICATION DETAILS

 

Name :

STRATUS TECHNOLOGIES IRELAND LIMITED

 

 

Registered Office :

Blanchardstown Industrial Park, Blanchardstown, Dublin, 15

 

 

Country :

Ireland

 

 

Financials (as on) :

28.02.2010

 

 

Date of Incorporation :

15.12.1998

 

 

Com. Reg. No.:

E0298520

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

The provision of fault-tolerant computer systems, technologies and services

 

 

No. of Employees :

10 Persons

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Poor

Payment Behaviour :

Unknown

Litigation :

----

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Ireland

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name & address 

 

Stratus Technologies Ireland Limited

Blanchardstown Industrial Park

Blanchardstown

Dublin, 15

Ireland

Tel:       353 1 897 6000

Fax:      353 1 897 6040

Web:    www.stratus.com

 

 

Synthesis 

 

Employees:                  10

Company Type:            Private Subsidiary

Corporate Family:          8 Companies

Ultimate Parent:             Stratus Technologies Inc

Incorporation Date:         15-Dec-1998

Auditor:                        PricewaterhouseCoopers           

Financials in:                 USD (Millions)

Fiscal Year End:            28-Feb-2010

Reporting Currency:       US Dollar

Annual Sales:               144.1

Total Assets:                59.8

 

 

Business Description     

 

The provision of fault-tolerant computer systems, technologies and services. Account data expressed in US Dollars.

 

Industry             

Industry            Computer Hardware

ANZSIC 2006:    2421 - Computer and Electronic Office Equipment Manufacturing

NACE 2002:      3002 - Manufacture of computers and other information processing equipment

NAICS 2002:     33411 - Computer and Peripheral Equipment Manufacturing

UK SIC 2003:    3002 - Manufacture of computers and other information processing equipment

US SIC 1987:    3571 - Electronic Computers

 

           


Key Executives   

 

Name

Title

Goainne Kaly

Financial Controller

Bill O'Dwyer

Vice President-Operations

Frederick Stephen Prifty

Director

 

Registered No.(IRE): E0298520

 

1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1

2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1

 

 

Corporate Overview

 

Location

Blanchardstown Industrial Park

Blanchardstown

Dublin, 15

Ireland

Tel:       353 1 897 6000

Fax:      353 1 897 6040

Web:    www.stratus.com

           

Sales USD(mil):             144.1

Assets USD(mil):           59.8

Employees:                   10

Fiscal Year End:            28-Feb-2010

Industry:                        Computer Hardware

Incorporation Date:         15-Dec-1998

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(IRE):      E0298520

Vice President-Operations:         Bill O'Dwyer

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

2421     -          Computer and Electronic Office Equipment Manufacturing

 

NACE 2002 Codes:

3002     -          Manufacture of computers and other information processing equipment

 

NAICS 2002 Codes:

33411   -          Computer and Peripheral Equipment Manufacturing

 

US SIC 1987:

3571     -          Electronic Computers

 

UK SIC 2003:

3002     -          Manufacture of computers and other information processing equipment

 

Business Description

The provision of fault-tolerant computer systems, technologies and services. Account data expressed in US Dollars.

 

More Business Descriptions

Computers - Micro/Personal

 

Financial Data

Financials in:

USD(mil)

 

Revenue:

144.1

Assets:

59.8

Total Liabilities:

149.1

 

Working Capital:

-12.1

 

Net Worth:

-89.3

 

 

 

Date of Financial Data:

28-Feb-2010

 

1 Year Growth

NA

NA

Key Corporate Relationships

Auditor:

PricewaterhouseCoopers

 

Auditor:

PricewaterhouseCoopers

 

 

 

 

 

 

 

 

 

 

Corporate Family

Corporate Structure News:

 

Stratus Technologies Inc
Stratus Technologies Ireland Limited

Stratus Technologies Ireland Limited 
Total Corporate Family Members: 8 
Excluded Small Branches and/or Trading Addresses: 2 (Available via export) 

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Stratus Technologies Inc

Parent

Maynard, MA

United States

Computer Hardware

250.0

90

Stratus Technologies Inc

Branch

Phoenix, AZ

United States

Computer Hardware

52.7

45

Stratus Telecommunications LLC

Branch

Allen, TX

United States

Communications Services

8.6

20

Stratus Technologies (Singapore) Pte Ltd

Subsidiary

Singapore

Singapore

Office Equipment

 

12

Stratus Technologies Ireland Limited

Subsidiary

Dublin

Ireland

Computer Hardware

144.1

10

Stratus Technologies

Subsidiary

Nanterre

France

Miscellaneous Capital Goods

4.0

7

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Frederick Stephen Prifty

 

Director

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Bill O'Dwyer

 

Vice President-Operations

Operations Executive

 

Goainne Kaly

 

Financial Controller

Finance Executive

 

 

 

Annual Profit & Loss

 

 

 

 

28-Feb-2010

22-Feb-2009

24-Feb-2008

25-Feb-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

USD

USD

USD

USD

Exchange Rate (Period Average)

1

1

1

1

Consolidated

No

No

No

No

 

 

 

 

 

Turnover

144.1

163.8

175.0

175.3

Cost of Sales

130.7

154.0

163.0

177.0

Gross Profit

13.4

9.8

12.0

-1.7

Operating Profit

10.6

-2.8

0.2

-22.7

Non Trading Income

0.0

0.1

0.1

2.1

Interest Expenses

8.2

8.2

8.2

8.3

Pretax Profit

2.4

-10.9

-7.9

-28.9

Taxation

0.0

0.0

-

0.0

Profit after Tax

2.4

-10.9

-7.9

-28.9

Retained Profits

2.4

-10.9

-7.9

-28.9

Value Added

11.4

-2.4

0.5

-22.1

Wages And Salaries

0.7

0.3

0.3

0.5

Directors’ Emoluments

0.1

0.1

0.1

0.2

Auditors Fees

0.0

0.1

0.1

0.1

Depreciation

0.0

-

0.0

0.1

Number of Employees

10

3

3

6

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

28-Feb-2010

22-Feb-2009

24-Feb-2008

25-Feb-2007

Filed Currency

USD

USD

USD

USD

Exchange Rate

1

1

1

1

Consolidated

No

No

No

No

 

 

 

 

 

Tangible Assets

0.4

-

-

0.0

Total Fixed Assets

0.4

-

-

0.0

Stocks

2.7

2.8

4.8

5.5

Trade Debtors

20.1

28.7

34.0

32.2

Cash

23.5

23.0

6.9

4.3

Miscellaneous Current Assets

13.2

89.0

89.7

88.9

Other Current Assets

36.7

111.9

96.6

93.2

Total Current Assets

59.4

143.4

135.4

130.9

Total Assets

59.8

143.4

135.4

130.9

Net assets

-11.8

-15.3

-77.0

3.1

Total Current Liabilities

71.6

158.7

212.4

127.8

Total Debt

102.5

187.4

166.9

154.2

Total Long Term Liabilities

77.5

76.4

3.8

75.9

Total Liabilities

149.1

235.1

216.2

203.7

Share Capital And Other Reserves

0.6

0.6

0.6

0.6

Profit & Loss Account Reserve

-89.9

-92.3

-81.4

-73.4

Shareholders Funds

-89.3

-91.7

-80.8

-72.8

Capital Employed

-11.8

-15.3

-77.0

3.1

Net Worth

-89.3

-91.7

-80.8

-72.8

Working Capital

-12.1

-15.3

-77.0

3.0

Fixed Assets

0.4

-

-

0.0

Liquid Assets

56.7

140.6

130.6

125.4

Trade Creditors

3.2

2.6

5.8

4.8

Miscellaneous Current Liabilities

68.4

156.1

206.6

123.0

    Other Short Term Finance

30.0

115.0

166.9

81.8

Other Current Liabilities

38.4

41.2

39.7

41.3

Short Term Loans

30.0

115.0

166.9

81.8

    Long Term Loans

72.5

72.4

-

72.4

Other Long Term Finance

72.5

72.4

-

72.4

Other Long Term Liabilities

5.0

3.9

3.8

3.5

Called Up Share Capital

0.5

0.5

0.5

0.5

Sundry Reserves (incl. Grants)

0.1

0.1

0.0

0.0

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

28-Feb-2010

22-Feb-2009

24-Feb-2008

25-Feb-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

USD

USD

USD

USD

Exchange Rate (Period Average)

1

1

1

1

Consolidated

No

No

No

No

 

 

 

 

 

Net Cash

23.5

23.0

6.9

4.3

 

 

Annual Ratios

 

 

 

 

24-Feb-2008

25-Feb-2007

Period Length

52 Weeks

52 Weeks

Filed Currency

-

-

Exchange Rate

-

-

Consolidated

No

No

 

 

 

Current Ratio

0.64

1.02

Liquidity Ratio

0.61

0.98

Stock Turnover

36.53

32.07

Net Worth / Total Liabilities

-37.37%

-35.76%

Pretax Profit / Capital Employed

-

-947.54%

Pretax Profit / Total Assets

-5.87%

-22.09%

Pretax Profit / Turnover

-4.54%

-16.49%

Debtors Days

70.88

66.95

Creditors Days

12.13

10.00

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.65

UK Pound

1

Rs.81.06

Euro

1

Rs.69.51

 

 

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

----

NB

New Business

----

 

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.