MIRA INFORM REPORT

Report Date :

18.02.2011

IDENTIFICATION DETAILS

Correct Name :	CALLAIGHSTOWN ENTERPRISE LIMITED

Registered Office :	Callaghstown, Rathcoole, Co Dublin, Co Dublin, 564010

Country :	Ireland

Financials (as on) :	31.12.2009

Date of Incorporation :	06.07.2005

Com. Reg. No.:	IE404751

Legal Form :	Private Limited By Shares

Line of Business :	The Supply and Manufacture of Concrete Plus Related Products for the Construction Sector.

RATING & COMMENTS

MIRA’s Rating :

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 :	Good
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 – June 30, 2010

Country Name

Previous Rating

(01.04.2010)

Current Rating

(30.06.2010)

Ireland

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	CALLAIGHSTOWN ENTERPRISE LIMITED
Company Number	IE404751
Telephone Number
Address	CALLAGHSTOWN, RATHCOOLE, CO DUBLIN, CO DUBLIN
Town Code	564010
Company Type	PRIVATE LIMITED BY SHARES
Incorporation Date	06/07/2005

Company Status Summary
Limit (€)	50,000
Active CCJ's	0
Value of CCJ's (€)	0
Writs	0

Director Summary
Directorships	5
Total Directorships	7

Financial Information
Date	31/12/2009	%	31/12/2008	%	31/12/2007
Currency	NaN		NaN		NaN
Turnover	0	-	0	-100.0%	3,143,330
Shareholder Equity	598,053	-27.0%	819,394	-12.5%	936,029
Number of employees	0	-	0	-	0

Accounts & Ratios

Period
Date From	01/01/2009	%	02/01/2008	%	01/01/2007
Date To	31/12/2009	-	31/12/2008	-	31/12/2007
Period of Month	12	-	12	-	12
Currency	EUR	-	EUR	-	EUR
Profit & Loss
Consolidated Accounts	N	-	N	-	N
Turnover	0	-	0	-100.0%	3,143,330
Export	-	-	-	-	-
Cost of Sales	-	-	-	-	1,097,714
Gross Profit	-	-	-	-	2,045,616
Operating Profit	-	-	-	-	-
Pre-Tax Profit	0	-	0	-100.0%	412,435
Tax	-	-	-	-	-50,000
Post-Tax Profit	-	-	-	-	362,435
Dividends	-	-	-	-	0
Retained Profit	-	-	-	-	362,435
Interest Payable	-	-	-	-	15,458
Directors Remuneration	-	-	-	-	-
Wages & Salaries	-	-	-	-	1,103,785
Depreciation of Tangibles	105,586	8.2%	97,558	16.3%	83,858
Auditor Fees	0	-	0	-	-

Capitals & Reserves
Called up Share Capital	10	0.0%	10	0.0%	10
P&L Account Reserve	598,043	-27.0%	819,384	-12.5%	936,019
Sundry Reserves	0	-	0	-	0
Revaluation Reserve	0	-	0	-	0
Shareholder Funds	598,053	-27.0%	819,394	-12.5%	936,029
Net Worth	598,053	-27.0%	819,394	-12.5%	936,029

Miscellaneous
Net Cash flow from Operations	0	-	0	-	0
Net Cash flow before Financing	0	-	0	-	0
Net Cash flow from Financing	0	-	0	-	0
Capital Employed	996,530	-2.0%	1,016,927	8.6%	936,029
No of Employees	0	-	0	-	0

Balance Sheet
Tangible Assets	788,734	37.6%	573,363	21.1%	473,388
Intangible Assets	0	-	0	-	0
Total Fixed Assets	788,734	37.6%	573,363	21.1%	473,388
Stocks & Work-in-Progress	386,378	-29.4%	546,993	4.2%	524,806
Debtors
- Trade Debtors	347,847	28.1%	271,587	-41.4%	463,490
Cash	23,028	19.6%	19,261	-88.5%	167,454
Misc. Current Assets	0	-100.0%	55,702	-	0
Total Current Assets
Creditors
- Trade Creditors	309,583	69.0%	183,174	-23.2%	238,532
- Bank Overdraft	0	-100.0%	276,621	-17.1%	333,808
Increase in Cash	3,767	102.5%	-148,193	-	0
Total Current Liabilities	549,457	4.3%	526,896	-24.0%	693,109
Other Short Term Loans	67,371	-	0	-	0
Miscellaneous Current Liabilities	172,503	157.1%	67,101	-44.4%	120,769
Other Long Term Finance	0	-	0	-	0
Total Long Term Liabilities	398,477	101.7%	197,533	-	0
Overdraft Long Term Liabilities	398,477	-16.0%	474,154	42.0%	333,808
Liabilities	947,934	30.9%	724,429	4.5%	693,109
Net Assets	598,053	-27.0%	819,394	-12.5%	936,029
Working Capital	207,796	-53.2%	443,564	-4.1%	462,641
Current Assets	757,253	-22.0%	970,460	-16.0%	1,155,750
Other Current Assets	0	-100.0%	76,917	-	0

Ratios
Date To	31/12/2009	%	31/12/2008	%	31/12/2007
Trading Performance
Pre-Tax Profit Margin	0.0%	-	0.0%	-	13.1 %
Return on Capital Employed	0.0%	-	0.0%	-	44.1 %
Return on Total Assets Employed	0.0%	-	0.0%	-	25.3 %
Return on Net Assets Employed	0.0%	-	0.0%	-	44.1 %
Sales/Net Working Capital	0.00	-	0.00	-	6.79
Operating Efficiency
Stock Turnover Ratio	0.0%	-	0.0%	-	16.7 %
Debtor Days	0.00	-	0.00	-	53.82
Creditor Days	0.00	-	0.00	-	27.70
Short Term Stability
Current Ratio	1.38	-	1.84	-	1.67
Liquidity Ratio/Acid Ratio	0.67	-	0.80	-	0.91
Current Debt Ratio	0.9 %	-	0.6 %	-	0.7 %
Long Term Stability
Gearing	66.6 %	-	57.9 %	-	35.7 %
Equity in Percentage	38.7 %	-	53.1 %	-	57.5 %
Total Debt Ratio	1.6 %	-	0.9 %	-	0.7 %

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
02/09/2010	New Accounts Filed
31/08/2010	Annual Returns
07/09/2009	New Accounts Filed
07/09/2009	New Accounts Filed
04/09/2009	Annual Returns
28/08/2008	Annual Returns
26/08/2008	New Accounts Filed

Status History
No status history for this company.

Directors

Director
Directors Title
Name of Director	JASON LEE
Address of Director	CALLAIGHSTOWN,, RATHCOOLE,, CO. DUBLIN
Postcode of Director
Date of Birth	11/06/1982
Nationality of Director
Director Honours
Present Appointments	1
Function	Director
Appointment Date	30/05/2007

Director
Directors Title
Name of Director	CECELIA LEE
Address of Director	CALLAIGHSTOWN, RATHCOOLE, CO. DUBLIN
Postcode of Director
Date of Birth	16/04/1952
Nationality of Director
Director Honours
Present Appointments	1
Function	Director
Appointment Date	06/07/2005

Director
Directors Title
Name of Director	NOEL LEE
Address of Director	CALLAIGHSTOWN, RATHCOOLE, CO. DUBLIN
Postcode of Director
Date of Birth	27/11/1949
Nationality of Director
Director Honours
Present Appointments	1
Function	Director
Appointment Date	06/07/2005

Director
Directors Title
Name of Director	DAMIEN LEE
Address of Director	CALLAIGHSTOWN, RATHCOOLE, CO. DUBLIN
Postcode of Director
Date of Birth	09/03/1977
Nationality of Director
Director Honours
Present Appointments	2
Function	Company Secretary
Appointment Date	06/07/2005

Director
Directors Title
Name of Director	DAMIEN LEE
Address of Director	CALLAIGHSTOWN, RATHCOOLE, CO. DUBLIN
Postcode of Director
Date of Birth	09/03/1977
Nationality of Director
Director Honours
Present Appointments	2
Function	Director
Appointment Date	06/07/2005

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.38
UK Pound	1	Rs.73.08
Euro	1	Rs.61.60

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 Company	----

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.

Address Information
Company Name	CALLAIGHSTOWN ENTERPRISE LIMITED
Company Number	IE404751
Registered Office Address	CALLAGHSTOWNRATHCOOLECO DUBLINCO DUBLIN
Registered Office Post Code	564010
Registered Telephone No.
TPS Registered	N
Trading Address
Trading Postal Code	216410
Trading Telephone Number
TPS Registered	N

Auditor/Banker's Information
Auditor Name
Auditor Qualification	No Adverse Comments
Banker Name	ULSTER BANK
Banker Sort Code

Other Information
Website Address
Incorporation Date	06/07/2005
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	06/07/2010

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	10
Currency of Share	EUR

Name of Shareholder	CECELIA LEE
Nominal Value of each Share
Currency of Share	EUR

Industry Information
Industry Description	The supply and manufacture of concrete plus related products for the construction sector.