MIRA INFORM REPORT

Report Date :

22.02.2011

IDENTIFICATION DETAILS

Correct Name :	STATVALE, WENTWORTH AND ASSOCIATES LIMITED

Registered Office :	7 Upper Pembroke Streetdublin 2dublin 2. 216410

Country :	Ireland

Financials (as on) :	31.12.2009

Date of Incorporation :	06.08.1999

Com. Reg. No.:	IE310678

Legal Form :	Single Member Private Company Limited By Shares

Line of Business :	---

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

Status :	Undetermined

Payment Behaviour :	----

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 – 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	STATVALE, WENTWORTH AND ASSOCIATES LIMITED
Company Number	IE310678
Telephone Number
Address	7 UPPER PEMBROKE STREET, DUBLIN 2, , DUBLIN 2.
Town Code	216410
Company Type	SINGLE MEMBER PRIVATE COMPANY LIMITED BY SHARES
Incorporation Date	06/08/1999

Company Status Summary
Company Status	Not Analysed - Pages missing
Today's Rating (0-100)	0
Today's Limit (€)	0
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	-100.0%	430,442	168.2%	160,522
Shareholder Equity	0	100.0%	-22,535	-439.6%	6,636
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	-100.0%	430,442	168.2%	160,522
Export	-	-	-	-	-
Cost of Sales	-	-	0	-	0
Gross Profit	308,701	-28.3%	430,442	168.2%	160,522
Operating Profit	-	-	-62,208	-354.2%	24,475
Pre-Tax Profit	-111,374	-281.8%	-29,171	-194.8%	30,763
Tax	0	-	0	100.0%	-3,845
Post-Tax Profit	-111,374	-281.8%	-29,171	-208.4%	26,918
Dividends	0	-	0	-	0
Retained Profit	-111,374	-281.8%	-29,171	-208.4%	26,918
Interest Payable	103,782	24.5%	83,336	1,744.5%	4,518
Directors Remuneration	0	-	0	-	0
Wages & Salaries	0	-	0	-	0
Depreciation of Tangibles	0	-	0	-	0
Auditor Fees	0	-	0	-	0

Capitals & Reserves
Called up Share Capital	0	-100.0%	3	0.0%	3
P&L Account Reserve	0	100.0%	-22,535	-439.6%	6,636
Sundry Reserves	0	100.0%	-3	0.0%	-3
Revaluation Reserve	0	-	0	-	0
Shareholder Funds	0	100.0%	-22,535	-439.6%	6,636
Net Worth	0	100.0%	-22,535	-439.6%	6,636

Miscellaneous
Net Cashflow from Operations	0	-	0	-	0
Net Cashflow before Financing	0	-	0	-	0
Net Cashflow from Financing	0	-	0	-	0
Capital Employed	0	100.0%	-22,535	-439.6%	6,636
No of Employees	0	-	0	-	0

Balance Sheet
Tangible Assets	0	-	0	-	0
Intangible Assets	0	-	0	-	0
Total Fixed Assets	0	-	0	-	0
Stocks & Work-in-Progress	0	-100.0%	270,286	410.6%	52,935
Debtors
- Trade Debtors	0	-100.0%	3,596,429	-44.0%	6,423,617
Cash	0	-100.0%	962,770	1,276.9%	69,925
Misc. Current Assets	0	-	0	-	0
Total Current Assets
Creditors
- Trade Creditors	0	-100.0%	1,256,993	122.5%	564,995
- Bank Overdraft	0	-	0	-	0
Increase in Cash	-962,770	-207.8%	892,845	-	0
Total Current Liabilities	0	-100.0%	4,852,020	-25.8%	6,539,841
Other Short Term Loans	0	-	0	-	0
Miscellaneous Current Liabilities	0	-100.0%	3,595,027	-39.8%	5,974,846
Other Long Term Finance	0	-	0	-	0
Total Long Term Liabilities	0	-	0	-	0
Overdraft Long Term Liabilities	0	-	0	-	0
Liabilities	0	-100.0%	4,852,020	-25.8%	6,539,841
Net Assets	0	100.0%	-22,535	-439.6%	6,636
Working Capital	0	100.0%	-22,535	-439.6%	6,636
Current Assets	0	-100.0%	4,829,485	-26.2%	6,546,477
Other Current Assets	0	-	0	-	0

Ratios
Date To	31/12/2009	%	31/12/2008	%	31/12/2007
Trading Performance
Pre-Tax Profit Margin	0.0%	-	-6.8 %	-	19.2 %
Return on Capital Employed	0.0%	-	129.4 %	-	463.6 %
Return on Total Assets Employed	0.0%	-	-0.6 %	-	0.5 %
Return on Net Assets Employed	0.0%	-	129.4 %	-	463.6 %
Sales/Net Working Capital	0.00	-	-19.10	-	24.19
Operating Efficiency
Stock Turnover Ratio	0.0%	-	62.8 %	-	33.0 %
Debtor Days	0.00	-	3049.65	-	14606.22
Creditor Days	0.00	-	1065.89	-	1284.70
Short Term Stability
Current Ratio	0.00	-	1.00	-	1.00
Liquidity Ratio/Acid Ratio	0.00	-	0.93	-	0.99
Current Debt Ratio	0.0%	-	-215.3 %	-	985.5 %
Long Term Stability
Gearing	0.0%	-	0.0 %	-	0.0 %
Equity in Percentage	0.0%	-	-0.5 %	-	0.1 %
Total Debt Ratio	0.0%	-	-215.3 %	-	985.5 %

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
08/09/2010	New Accounts Filed
06/09/2010	Annual Returns
26/10/2009	Annual Returns
26/10/2009	New Accounts Filed
26/08/2008	Annual Returns
26/08/2008	New Accounts Filed

Status History
No status history for this company.

Directors

Director
Directors Title
Name of Director	SERENA GUGLIELMI
Address of Director	13, RUE DE LA FONTAINE,, 1204, GENEVA,, SWITZERLAND.
Postcode of Director
Date of Birth	27/11/1952
Nationality of Director
Director Honours
Present Appointments	2
Function	Director
Appointment Date	01/05/2007

Director
Directors Title
Name of Director	FREDERIK BREEDIJK
Address of Director	PROF. KERNKAMPWEG 8A, WILLEMSTAD, CURACAO, NETHERLANDS ANTILLES
Postcode of Director
Date of Birth	18/10/1942
Nationality of Director
Director Honours
Present Appointments	3
Function	Director
Appointment Date	17/09/1999

Director
Directors Title
Name of Director	BRADWELL LIMITED
Address of Director	ARTHUR COX BUILDING,, EARLSFORT TERRACE,, DUBLIN 2.
Postcode of Director
Date of Birth	06/01/1981
Nationality of Director
Director Honours
Present Appointments	0
Function	Company Secretary
Appointment Date	17/09/1999

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.

Address Information
Company Name	STATVALE, WENTWORTH AND ASSOCIATES LIMITED
Company Number	IE310678
Registered Office Address	7 UPPER PEMBROKE STREETDUBLIN 2DUBLIN 2.
Registered Office Post Code	216410
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
Banker Sort Code

Other Information
Website Address
Incorporation Date	06/08/1999
Company Type	SINGLE MEMBER PRIVATE COMPANY LIMITED BY SHARES
Type of Accounts	Medium Company
Date of Latest Accounts	31/12/2009
Filing Date of Accounts
Annual Return Date	27/08/2010

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	3
Currency of Share	EUR

Name of Shareholder	TRADECONSULT SA
Nominal Value of each Share
Currency of Share	EUR

Industry Information
Industry Description