MIRA INFORM REPORT

 

 

Report Date :           

06.12.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

TALITECH

 

 

Formerly Known As :

Talitech Limited

 

 

Registered Office :

Unit C3,  Grange Industrial Estate,  Ballycurreen, Cork, 250814

 

 

Country :

Ireland

 

 

Financials (as on) :

30.04.2006

 

 

Date of Incorporation :

05.03.1993

 

 

Com. Reg. No.:

IE199976

 

 

Legal Form :

Private unlimited with Share Capital

 

 

Line of Business :

Other Business Activities

 

 

No. of Employees :

8 Persons

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Poor

 

 

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 – 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

 

REGISTERED NAME & COMPANY SUMMARY

 

 

 

 

 

 

 

 

 

 

Name

TALITECH

Number

IE199976

 

 

 

 

 

Type

Private unlimited with Share Capital

 

 

Address

UNIT C3,
GRANGE INDUSTRIAL ESTATE,
BALLYCURREEN,
CORK

Company Status

Financial Statements too old

 

 

Town Code

250814

Incorporated Date

05/03/1993

 

 

 

Registered Address

 

 

 

 

 

 

 

 

 

 

 

NDD

N

 

 

 

 

 

Address

 

 

 

 

UNIT C3
GRANGE INDUSTRIAL ESTATE
BALLYCURREEN
CORK

 

 

 

 

DIRECTORS/MANAGEMENT

 

 

Current Directors

3

 

 

Total Directorships

5

 

 

Directors

 

Name

PADRAIG O'REILLY

View Consumer Report

 

Address

BRIANVILLE

 

 

 

GARRYHANKARD

 

 

UPTON

 

 

CO. CORK

 

Officers Title

 

Date Of Birth

08/11/1978

 

Honours

 

Present Appointments

1

 

Appointment Date

30/04/2010

Function

Director

 

 

 

 

 

 

 

 

 

Name

SHIRLEY O'REILLY

View Consumer Report

 

Address

BRIANVILLE

 

 

 

GARRYHANKARD

 

 

UPTON

 

 

CO. CORK

 

Officers Title

 

Date Of Birth

18/08/1978

 

Honours

 

Present Appointments

4

 

Appointment Date

01/03/2010

Function

Company Secretary

 

 

 

 

 

 

Name

SHIRLEY O'REILLY

View Consumer Report

Address

BRIANVILLE

 

 

GARRYHANKARD

 

UPTON

 

CO. CORK

Officers Title

 

Date Of Birth

18/08/1978

Honours

 

Present Appointments

4

Appointment Date

01/03/2010

Function

Director

 

 

 

 

 

 

NEGATIVE INFORMATION

 

 

Exact Active CJ's

0

 

 

 

Exact Value of CJ's [€]

€0

 

 

 

Possible Active CJ's

0

 

 

 

 

 

 

 

ccj's

 

 

 

 

Exact Active CJ's

0

 

 

 

Exact Value of CJ's [€]

€0

 

 

 

Possible Active CJ's

0

 

 

 

 

 

 

 

Unregistered

 

CJ's

 

 

 

 

Year

Exact CJ's

Possible CJ's

 

 

 

 

 

 

 

EXACT CJ DETAILS

 

Date

Court

Amount

Status

Case Number

Date Paid

 

 

 

 

 

 

 

 

 

POSSIBLE CJ DETAILS
Possible CCJ matches show CCJs that may be matched to a company based on various criteria such as similar trading names or addresses. This data is provided for your information only as an aid to decision-making and does not affect a company’s rating.

 

Date

Court

Amount

Status

Case Number

Date Paid

Incoming Record Details

 

 

 

 

 

 

 

 

 

Registered

 

CJ's

 

 

 

Year

Exact CJ's

Possible CJ's

 

EXACT CJ DETAILS

 

Date

Court

Amount

Status

Case Number

Date Paid

 

 

 

 

 

 

 

 

POSSIBLE CJ DETAILS
Possible CCJ matches show CCJs that may be matched to a company based on various criteria such as similar trading names or addresses. This data is provided for your information only as an aid to decision-making and does not affect a company’s rating.

 

Date

Court

Amount

Status

Case Number

Date Paid

Incoming Record Details

 

 

 

 

 

 

 

 

 

 

 

 

SHARE & SHARE CAPITAL INFORMATION

 

 

Shareholders

 

Share Capital

13967

Currency

Eur

 

 

 

 

 

Shareholders Details

 

 

 

 

Name

Shares

 

Shirley O'reilly

7,250 Ordinary Eur 1.27

 

Buttercup Investments Ltd

3,750 Ordinary Eur 1.27

 

 

PAYMENT INFORMATION

 

 

Mortgage Charges

 

Outstanding

1

Satisfied

0

 

 

 

 

 

Mortgage Details

 

 

 

 

Mortgage Type:

A DEBENTURE.

 

Date Charge Created:

30/11/1995

Date Charge Registered:

12/12/1995

 

Date Charge Satisfied:

 

Status:

NOT SATISFIED

 

Person(s) Entitled:

ULSTER BANK LIMITED

 

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE EITHER ALONE OR JOINTLY TOGETHER WITH INTEREST

 

Details:

 

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

 

Ultimate Holding Company

 

Safe Number

Company Name

 

Company Number

 

IE00194108

TALITECH

 

IE199976

 

group structure

 

 

Ultimate Holding Company

 

Safe Number

Company Name

 

Company Number

 

IE00194108

TALITECH

 

IE199976

 

 

Summary

 

 

Group - Number of companies:

2

 

Linkages - Number of companies:

0

 

Number of Countries:

0

 

             

.

 

 

 

 

 

 

Company Name

 

Safe Number

Number

Latest Key Financials

Rating

Limit

 

TALITECH

 

IE00194108

IE199976

30/04/2006

N/R

-

IRELAND

BUTTERCUP INVESTMENTS

 

IE00343118

IE350670

27/11/2009

N/R

-

IRELAND

 

 

 

Business Name

Business No.

Business Status

TALITECH

IE199976

N/A

 

There are no other businesses related to this business.

 

 

FINANCIAL INFORMATION

 

 

Trading to Date

30/04/06

30/04/05

 

Turnover

-

-

 

Shareholder Funds

€1,140,197

€1,056,360

 

Employees

8

-

profit & loss

 

 

Annual Accounts

05/05-04/06

Change (%)

05/04-04/05

 

 

Months

12

-

12

 

 

Currency

EUR

-

EUR

 

 

Consolidated A/cs

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

05/05-04/06

Change (%)

05/04-04/05

 

Tangible Assets

346,510

-13.5 %

400,685

 

Intangible Assets

482,136

-

-

 

Total Fixed Assets

828,646

106.8 %

400,685

 

Total Current Assets

682,806

-24.0 %

898,319

 

Trade Debtors

-

-

-

 

Stocks & WIP

314,083

49.6 %

209,971

 

Cash

16,469

-61.6 %

42,860

 

Other Debtors

352,254

-3.0 %

363,105

 

Increase In Cash

-26,391

-161.6 %

42,860

 

Miscellaneous Current Assets

-

-100.0 %

282,383

 

Total Assets

1,511,452

16.4 %

1,299,004

 

Total Current Liabilities

371,255

53.0 %

242,644

 

Trade Creditors

-

-

-

 

Bank Loans & Overdrafts

-

-

-

 

Other Short Term Fin

-

-

-

 

Miscellaneous Current Liabilities

371,255

53.0 %

242,644

 

Other Long Term Fin

-

-

-

 

Total Long Term Liabilities

-

-

-

 

Bank Loans & Overdrafts & LTL

-

-

-

 

Total Liabilities

371,255

53.0 %

242,644

 

Net Assets

1,140,197

7.9 %

1,056,360

 

Working Capital

311,551

-52.5 %

655,675

 

capitals & reserves

 

Annual Accounts

05/05-04/06

Change (%)

05/04-04/05

 

Called up Share Capital

19,046

-

19,046

 

P&L Account Reserve

1,104,429

8.2 %

1,020,592

 

Sundry Reserves

16,722

-

16,722

 

Revaluation Reserve

-

-

-

 

Shareholder Funds

1,140,197

7.9 %

1,056,360

 

Net Worth

658,061

-37.7 %

1,056,360

 

miscellaneous

 

Annual Accounts

05/05-04/06

Change (%)

05/04-04/05

 

Net Cashflow from Operations

-

-

-

 

Net Cashflow before Financing

-

-

-

 

Net Cashflow from Financing

-

-

-

 

Contingent Liability

-

-

-

 

Capital Employed

1,140,197

7.9 %

1,056,360

 

No of Employees

8

-

-

     

Auditors

 

 

AuditQualification

No Adverse Comments

 

Bankers

ULSTER BANK LTD

 

BankBranchCode

98-54-80

 

ratios

 

Annual Accounts

05/05-04/06

05/04-04/05

 

Pre-tax profit margin %

-

-

 

Current ratio

1.84

3.70

 

Sales/Net Working Capital

0.00

0.00

 

Gearing %

0.0 %

0.0 %

 

Equity in %

110.8 %

81.3 %

 

Creditor Days

-

-

 

Debtor Days

-

-

 

Liquidity/Acid Test

0.99

2.84

 

Return On Capital Employed %

0.0 %

0.0 %

 

Return On Total Assets Employed %

0.0 %

0.0 %

 

Current Debt Ratio %

0.3 %

0.2 %

 

Total Debt Ratio %

0.3 %

0.2 %

 

Stock Turnover Ratio %

-

-

 

Return on Net Assets Employed %

0.0 %

0.0 %

 

FOREIGN EXCHANGE RATES

 

Na

ADDITIONAL INFORMATION

 

 

Web Address

 

Incorporation Date

05/03/1993

 

Type of Accounts

Small Company

Filing Date of Accounts

 

 

Company Type

Private Unlimited With Share Capital

Date of Latest Accounts

30/04/2006

 

Annual Return

31/12/2010

 

 

 

 

 

 

Previous Name(s)

 

Changed:

05/03/1993

Talitech Limited

 

 

 

 

 

 

 

SIC Code:

7484

 

SIC Description:

Other Business Activities N.e.c.

 

 

 

 

 

Previous Names Details

 

 

 

 

Previous Name(s)

 

Changed :

05/03/1993

Talitech Limited

 

 

Secondary Industry Code Details

 

 

 

SIC Code

Description

 

7484

Other Business Activities N.e.c.

 

Event History

Date

Description

29/01/2011

Annual Returns

30/04/2010

Elizabeth O'sullivan Has Left The Board

30/04/2010

New Board Member (padraig O'reilly) Appointed

01/03/2010

Patrick O'sullivan Has Resigned As Company Secretary

01/03/2010

Patrick O'sullivan Has Left The Board

01/03/2010

New Company Secretary (shirley O'reilly) Appointed

01/03/2010

New Board Member (shirley O'reilly) Appointed

03/02/2010

Annual Returns

13/01/2009

Annual Returns

22/02/2008

Annual Returns

28/01/2008

Annual Returns

01/07/1993

New Board Member (elizabeth O'sullivan) Appointed

01/07/1993

New Company Secretary (patrick O'sullivan) Appointed

01/07/1993

New Board Member (patrick O'sullivan) Appointed

 

 

NOTES & COMMENTS

 

Na

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.40

UK Pound

1

Rs.80.20

Euro

1

Rs.68.92

 

 

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.