MIRA INFORM REPORT

 

Report Date :

22.02.2011

 

IDENTIFICATION DETAILS

 

Name :

FITZPATRICK TEA BROKERS LIMITED

 

 

Registered Office :

20 Terenure Park, Terenure, Dublin 6w, Dublin 6w 999930

 

 

Country :

Ireland

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

16.07.2007

 

 

Com. Reg. No.:

IE443205

 

 

Legal Form :

Private Limited By Shares

 

 

Line of Business :

----

 

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 :

(€) 170,000

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

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

FITZPATRICK TEA BROKERS LIMITED

Company Number

IE443205

Telephone Number

 

Address

20 TERENURE PARK, TERENURE, DUBLIN 6W, DUBLIN 6W

Town Code

999930

Company Type

PRIVATE LIMITED BY SHARES

Incorporation Date

16/07/2007

 

 

Company Status Summary

Company Status

Active - Accounts Filed

Limit (€)

170,000

Active CCJ's

0

Value of CCJ's (€)

0

Writs

0

 

 

Director Summary

Directorships

3

Total Directorships

5

 

 

Financial Information

Date

31/12/2009

%

31/12/2008

%

31/12/2007

Currency

NaN

 

NaN

 

NaN

Turnover

0

-

0

-

0

Shareholder Equity

1,814,597

54.2%

1,177,101

135.4%

500,123

Number of employees

0

-

4

-

4

 

 

Company Information

 

Address Information

Company Name

FITZPATRICK TEA BROKERS LIMITED

Company Number

IE443205

Registered Office Address

20 TERENURE PARKTERENUREDUBLIN 6WDUBLIN 6W

Registered Office Post Code

999930

Registered Telephone No.

 

TPS Registered

N

Trading Address

 

Trading Postal Code

999930

Trading Telephone Number

 

TPS Registered

N

 

 

Auditor/Banker's Information

Auditor Name

HUGH MCCARTHY & ASSOCIATES

Auditor Qualification

No Adverse Comments

Banker Name

 

Banker Sort Code

 

 

Other Information

Website Address

 

Incorporation Date

16/07/2007

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

18/05/2010

 

 

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

THE ESTATE OF JOHN FITZPATRICK

Nominal Value of each Share

 

Currency of Share

EUR

 

 

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

-

0

Export

-

-

-

-

-

Cost of Sales

-

-

-

-

-

Gross Profit

-

-

-

-

-

Operating Profit

-

-

-

-

-

Pre-Tax Profit

0

-

0

-

0

Tax

-

-

-

-

-

Post-Tax Profit

-

-

-

-

-

Dividends

-

-

-

-

-

Retained Profit

-

-

-

-

-

Interest Payable

-

-

-

-

-

Directors Remuneration

-

-

-

-

-

Wages & Salaries

-

-

361,523

832.3%

38,778

Depreciation of Tangibles

8,361

16.3%

7,188

23.5%

5,822

Auditor Fees

-

-

0

-

0

 

 

Capitals & Reserves

Called up Share Capital

100

0.0%

100

0.0%

100

P&L Account Reserve

1,814,497

54.2%

1,177,001

135.4%

500,023

Sundry Reserves

0

-

0

-

0

Revaluation Reserve

0

-

0

-

0

Shareholder Funds

1,814,597

54.2%

1,177,101

135.4%

500,123

Net Worth

1,814,597

54.2%

1,177,101

135.4%

500,123

 

 

Miscellaneous

Net Cashflow from Operations

0

-

0

-

0

Net Cashflow before Financing

0

-

0

-

0

Net Cashflow from Financing

0

-

0

-

0

Capital Employed

1,814,597

54.2%

1,177,101

135.4%

500,123

No of Employees

0

-100.0%

4

0.0%

4

 

 

Balance Sheet

Tangible Assets

3,710

-56.6%

8,555

-26.5%

11,645

Intangible Assets

0

-

0

-

0

Total Fixed Assets

3,710

-56.6%

8,555

-26.5%

11,645

Stocks & Work-in-Progress

1,796,620

-

0

-

0

Debtors

- Trade Debtors

1,487,989

-7.7%

1,612,753

27.3%

1,266,864

Cash

1,386,470

183.2%

489,512

150.9%

195,117

Misc. Current Assets

0

-

0

-

0

Total Current Assets

 

 

 

 

 

Creditors

- Trade Creditors

2,198,291

302.2%

546,633

-11.0%

614,525

- Bank Overdraft

0

-

0

-

0

Increase in Cash

896,958

204.7%

294,395

-

0

Total Current Liabilities

2,860,192

203.6%

942,046

-4.2%

982,990

Other Short Term Loans

552,255

56.3%

353,307

0.0%

353,307

Miscellaneous Current Liabilities

109,646

160.4%

42,106

177.8%

15,158

Other Long Term Finance

0

-

0

-

0

Total Long Term Liabilities

0

-

0

-

0

Overdraft Long Term Liabilites

0

-

0

-

0

Liabilities

2,860,192

203.6%

942,046

-4.2%

982,990

Net Assets

1,814,597

54.2%

1,177,101

135.4%

500,123

Working Captial

1,810,887

55.0%

1,168,546

139.2%

488,478

Current Assets

4,671,079

121.3%

2,110,592

43.4%

1,471,468

Other Current Assets

0

-100.0%

8,327

-12.2%

9,487

 

 

Ratios

Date To

31/12/2009

%

31/12/2008

%

31/12/2007

Trading Performance

Pre-Tax Profit Margin

0.0%

-

0.0%

-

0.0%

Return on Capital Employed

0.0%

-

0.0%

-

0.0%

Return on Total Assets Employed

0.0%

-

0.0%

-

0.0%

Return on Net Assets Employed

0.0%

-

0.0%

-

0.0%

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

1.63

-

2.24

-

1.50

Liquidity Ratio/Acid Ratio

1.00

-

2.24

-

1.49

Current Debt Ratio

1.6 %

-

0.8 %

-

2.0 %

Long Term Stability

Gearing

0.0 %

-

0.0 %

-

0.0 %

Equity in Percentage

38.8 %

-

55.5 %

-

33.7 %

Total Debt Ratio

1.6 %

-

0.8 %

-

2.0 %

 

 

Limit

 

Credit Information

Limit (€)

170,000

 

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

04/06/2010

Annual Returns

02/06/2010

New Accounts Filed

02/06/2010

New Accounts Filed

25/09/2009

JOHN FITZPATRICK has left the board

25/09/2009

New Board Member (CAROL FITZPATRICK) appointed

08/09/2009

Annual Returns

07/09/2009

New Accounts Filed

07/09/2009

New Accounts Filed

18/11/2008

New Accounts Filed

26/02/2008

Annual Returns

 

 

Status History

No status history for this company.

 

 

 

Directors

 

Director

Directors Title

 

Name of Director

CAROL FITZPATRICK

Address of Director

18 LAKELANDS PARK, TERENURE, DUBLIN 6W

Postcode of Director

 

Date of Birth

22/11/1969

Nationality of Director

 

Director Honours

 

Present Appointments

1

Function

Director

Appointment Date

25/09/2009

 

 

Director

Directors Title

 

Name of Director

ARTHUR FITZPATRICK

Address of Director

18 LAKELANDS PARK, TERRENURE, DUBLIN 6W

Postcode of Director

 

Date of Birth

22/06/1966

Nationality of Director

 

Director Honours

 

Present Appointments

2

Function

Company Secretary

Appointment Date

16/07/2007

 

 

Director

Directors Title

 

Name of Director

ARTHUR FITZPATRICK

Address of Director

18 LAKELANDS PARK, TERRENURE, DUBLIN 6W

Postcode of Director

 

Date of Birth

22/06/1966

Nationality of Director

 

Director Honours

 

Present Appointments

2

Function

Director

Appointment Date

16/07/2007

 

 

Image Accounts

 

Accounts Images

31-12-2009

 

31-12-2008

 

31-12-2007

 

 

 

Returns Images

31-12-2009

 

31-12-2008

 

04-02-2008

 

31-12-2007

 

 

 

Other Images

30-09-2009

B10 CHANGE IN DIRS/SEC

 

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FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.11

UK Pound

1

Rs.73.25

Euro

1

Rs.61.70

 

 

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.