MIRA INFORM
REPORT
|
Report Date : |
23.02.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
TRUE TEMPER LIMITED |
|
|
|
|
Registered Office : |
Whites Crosscorkcork, 180014 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
03.10.2009 |
|
|
|
|
Date of Incorporation : |
23.12.1980 |
|
|
|
|
Com. Reg. No.: |
IE079790 |
|
|
|
|
Legal Form : |
Single Member Private Company Limited By Shares |
|
|
|
|
Line of Business : |
Manufacture and Distribution of Lawn, Garden and Agricultural Tools. |
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 : |
€ 70,000 |
|
Status : |
Satisfactory |
|
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) |
|
|
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 |
TRUE TEMPER LIMITED |
|
Company Number |
IE079790 |
|
Telephone Number |
0214302433 |
|
Address |
WHITES CROSS, |
|
Town Code |
180014 |
|
Company Type |
SINGLE MEMBER PRIVATE COMPANY LIMITED BY SHARES |
|
Incorporation Date |
23/12/1980 |
|
Company Status Summary |
|
|
Limit (€) |
70,000 |
|
Active CCJ's |
0 |
|
Value of CCJ's (€) |
0 |
|
Writs |
0 |
|
Director Summary |
|
|
Directorships |
7 |
|
Total Directorships |
10 |
|
Financial Information |
|||||
|
Date |
03/10/2009 |
% |
03/10/2008 |
% |
26/09/2008 |
|
Currency |
|
|
|
|
|
|
Turnover |
0 |
- |
0 |
- |
0 |
|
Shareholder Equity |
1,199,686 |
-51.2% |
2,460,428 |
0.0% |
2,460,428 |
|
Number of employees |
44 |
- |
53 |
- |
53 |
|
Address Information |
|
|
Company Name |
TRUE TEMPER LIMITED |
|
Company Number |
IE079790 |
|
Registered Office Address |
WHITES CROSSCORKCORK. |
|
Registered Office Post Code |
180014 |
|
Registered Telephone No. |
0214302433 |
|
TPS Registered |
N |
|
Trading Address |
|
|
Trading Postal Code |
180014 |
|
Trading Telephone Number |
|
|
TPS Registered |
N |
|
Auditor/Banker's Information |
|
|
Auditor Name |
DELOITTE & TOUCHE |
|
Auditor Qualification |
No Adverse Comments |
|
Banker Name |
BANK OF |
|
Banker Sort Code |
|
|
Other Information |
|
|
Website Address |
|
|
Incorporation Date |
23/12/1980 |
|
Company Type |
SINGLE MEMBER PRIVATE COMPANY LIMITED BY SHARES |
|
Type of Accounts |
Medium Company |
|
Date of Latest Accounts |
03/10/2009 |
|
Filing Date of Accounts |
|
|
Annual Return Date |
15/06/2010 |
|
Industry Information |
|
|
Industry Description |
The manufacture and distribution of lawn, garden and agricultural
tools. |
|
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 |
3,119,453 |
|
Currency of Share |
EUR |
|
|
|
|
Name of Shareholder |
AMES TRUE TEMPER INC (FORMERLY ATT ACQUISITION CO) |
|
Nominal Value of each Share |
|
|
Currency of Share |
EUR |
Accounts
& Ratios
|
Period |
|||||
|
Date From |
04/10/2008 |
% |
05/10/2007 |
% |
28/09/2007 |
|
Date To |
03/10/2009 |
- |
03/10/2008 |
- |
26/09/2008 |
|
Period of Month |
13 |
- |
13 |
- |
13 |
|
Currency |
EUR |
- |
EUR |
- |
EUR |
|
Profit & Loss |
|||||
|
Consolidated Accounts |
N |
- |
N |
- |
N |
|
Turnover |
0 |
- |
0 |
- |
0 |
|
Export |
- |
- |
- |
- |
- |
|
Cost of Sales |
- |
- |
- |
- |
- |
|
Gross Profit |
1,527,626 |
-21.7% |
1,950,468 |
0.0% |
1,950,468 |
|
Operating Profit |
-110,542 |
-425.6% |
-21,030 |
0.0% |
-21,030 |
|
Pre-Tax Profit |
-832,375 |
-4,309.5% |
-18,877 |
0.0% |
-18,877 |
|
Tax |
-18,367 |
-87.1% |
-9,818 |
0.0% |
-9,818 |
|
Post-Tax Profit |
-850,742 |
-2,864.8% |
-28,695 |
0.0% |
-28,695 |
|
Dividends |
0 |
- |
0 |
- |
0 |
|
Retained Profit |
-850,742 |
-2,864.8% |
-28,695 |
0.0% |
-28,695 |
|
Interest Payable |
374,913 |
13.4% |
330,721 |
0.0% |
330,721 |
|
Directors Remuneration |
356,748 |
31.4% |
271,455 |
0.0% |
271,455 |
|
Wages & Salaries |
1,778,317 |
-23.1% |
2,311,643 |
0.0% |
2,311,643 |
|
Depreciation of Tangibles |
200,067 |
40.7% |
142,223 |
0.0% |
142,223 |
|
Auditor Fees |
25,000 |
13.6% |
22,000 |
0.0% |
22,000 |
|
Capitals & Reserves |
|||||
|
Called up Share Capital |
856,248 |
0.0% |
856,248 |
0.0% |
856,248 |
|
P&L Account Reserve |
-1,919,768 |
-191.3% |
-659,026 |
0.0% |
-659,026 |
|
Sundry Reserves |
2,263,206 |
0.0% |
2,263,206 |
0.0% |
2,263,206 |
|
Revaluation Reserve |
0 |
- |
0 |
- |
0 |
|
Shareholder Funds |
1,199,686 |
-51.2% |
2,460,428 |
0.0% |
2,460,428 |
|
Net Worth |
1,199,686 |
-51.2% |
2,460,428 |
0.0% |
2,460,428 |
|
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 |
3,663,253 |
-5.1% |
3,860,160 |
0.0% |
3,860,160 |
|
No of Employees |
44 |
-17.0% |
53 |
0.0% |
53 |
|
Balance Sheet |
|||||
|
Tangible Assets |
810,063 |
-15.5% |
958,865 |
0.0% |
958,865 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
810,063 |
-15.5% |
958,865 |
0.0% |
958,865 |
|
Stocks & Work-in-Progress |
1,609,717 |
-13.8% |
1,867,263 |
0.0% |
1,867,263 |
|
Debtors |
|||||
|
- Trade Debtors |
471,985 |
-34.7% |
722,564 |
0.0% |
722,564 |
|
Cash |
599,674 |
0.4% |
597,037 |
0.0% |
597,037 |
|
Misc. Current Assets |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
|
|
|
|
|
|
Creditors |
|||||
|
- Trade Creditors |
108,667 |
-37.7% |
174,312 |
0.0% |
174,312 |
|
- Bank Overdraft |
0 |
- |
0 |
- |
0 |
|
Increase in Cash |
2,637 |
- |
0 |
- |
0 |
|
Total Current Liabilities |
453,493 |
-26.5% |
617,083 |
0.0% |
617,083 |
|
Other Short Term Loans |
96,575 |
133.9% |
41,289 |
0.0% |
41,289 |
|
Miscellaneous Current Liabilities |
248,251 |
-38.2% |
401,482 |
0.0% |
401,482 |
|
Other Long Term Finance |
1,921,067 |
236.9% |
570,232 |
0.0% |
570,232 |
|
Total Long Term Liabilities |
2,463,567 |
76.0% |
1,399,732 |
0.0% |
1,399,732 |
|
Overdraft Long Term Liabilities |
2,463,567 |
76.0% |
1,399,732 |
0.0% |
1,399,732 |
|
Liabilities |
2,917,060 |
44.6% |
2,016,815 |
0.0% |
2,016,815 |
|
Net Assets |
1,199,686 |
-51.2% |
2,460,428 |
0.0% |
2,460,428 |
|
Working Capital |
2,853,190 |
-1.7% |
2,901,295 |
0.0% |
2,901,295 |
|
Current Assets |
3,306,683 |
-6.0% |
3,518,378 |
0.0% |
3,518,378 |
|
Other Current Assets |
625,307 |
88.6% |
331,514 |
0.0% |
331,514 |
|
Ratios |
|||||
|
Date To |
03/10/2009 |
% |
03/10/2008 |
% |
26/09/2008 |
|
Trading Performance |
|||||
|
Pre-Tax Profit Margin |
0.0% |
- |
0.0% |
- |
0.0% |
|
Return on Capital Employed |
-22.7 % |
- |
-0.5 % |
- |
-0.5 % |
|
Return on Total Assets Employed |
-20.2 % |
- |
-0.4 % |
- |
-0.4 % |
|
Return on Net Assets Employed |
-69.4 % |
- |
-0.8 % |
- |
-0.8 % |
|
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 |
7.29 |
- |
5.70 |
- |
5.70 |
|
Liquidity Ratio/Acid Ratio |
3.74 |
- |
2.67 |
- |
2.67 |
|
Current Debt Ratio |
0.4 % |
- |
0.3 % |
- |
0.3 % |
|
Long Term Stability |
|||||
|
Gearing |
205.4 % |
- |
56.9 % |
- |
56.9 % |
|
Equity in Percentage |
29.1 % |
- |
55.0 % |
- |
55.0 % |
|
Total Debt Ratio |
2.4 % |
- |
0.8 % |
- |
0.8 % |
Limit
|
Credit Information |
|
|
Limit (€) |
70,000 |
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
|
Ultimate Parent Company Name |
||
|
Parent Company Name |
CHATT HOLDINGS LLC |
|
|
Number of company in Group |
3 |
|
|
Company Name |
Company Number |
Accounts Date |
|
CHATT HOLDINGS LLC |
|
|
|
-AMES TRUE TEMPER INC |
|
|
|
TRUE TEMPER LIMITED |
IE079790 |
03/10/2009 |
Company
History
|
Event History |
|
|
Date |
Description |
|
06/07/2010 |
Annual Returns |
|
05/07/2010 |
New Accounts Filed |
|
05/07/2010 |
New Accounts Filed |
|
13/11/2009 |
ROBERT DALY has left the board |
|
15/07/2009 |
Annual Returns |
|
15/07/2009 |
New Accounts Filed |
|
02/01/2009 |
New Board Member (DAVID MICHAEL NUTI) appointed |
|
02/01/2009 |
New Board Member (CHRISTOPHER EBLING) appointed |
|
23/09/2008 |
RICHARD DELL has left the board |
|
23/09/2008 |
New Board Member (DUANE GREENLY) appointed |
|
23/09/2008 |
New Board Member (ROBERT DALY) appointed |
|
29/07/2008 |
Annual Returns |
|
11/07/2008 |
New Accounts Filed |
|
11/07/2008 |
New Accounts Filed |
|
16/05/2008 |
New Accounts Filed |
|
Status History |
|
|
No status history for this company. |
|
Directors
|
Director |
|
|
Directors Title |
|
|
Name of Director |
CHRISTOPHER EBLING |
|
Address of Director |
45 AFFIRMED DRIVE,, |
|
Postcode of Director |
|
|
Date of Birth |
26/03/1951 |
|
Nationality of Director |
|
|
Director Honours |
|
|
Present Appointments |
1 |
|
Function |
Director |
|
Appointment Date |
02/01/2009 |
|
Director |
|
|
Directors Title |
|
|
Name of Director |
DAVID MICHAEL NUTI |
|
Address of Director |
5030 PELLINGHAM CIRCLE,,
ENOLA, PA 17025,, USA. |
|
Postcode of Director |
|
|
Date of Birth |
26/07/1959 |
|
Nationality of Director |
|
|
Director Honours |
|
|
Present Appointments |
1 |
|
Function |
Director |
|
Appointment Date |
02/01/2009 |
|
Director |
|
|
Directors Title |
|
|
Name of Director |
DUANE GREENLY |
|
Address of Director |
|
|
Postcode of Director |
|
|
Date of Birth |
09/05/1950 |
|
Nationality of Director |
|
|
Director Honours |
|
|
Present Appointments |
1 |
|
Function |
Director |
|
Appointment Date |
23/09/2008 |
|
Director |
|
|
Directors Title |
|
|
Name of Director |
JOHN ANTHONY O'MAHONY |
|
Address of Director |
|
|
Postcode of Director |
|
|
Date of Birth |
12/05/1966 |
|
Nationality of Director |
|
|
Director Honours |
|
|
Present Appointments |
2 |
|
Function |
Company Secretary |
|
Appointment Date |
30/09/2002 |
|
Director |
|
|
Directors Title |
|
|
Name of Director |
JOHN ANTHONY O'MAHONY |
|
Address of Director |
|
|
Postcode of Director |
|
|
Date of Birth |
12/05/1966 |
|
Nationality of Director |
|
|
Director Honours |
|
|
Present Appointments |
2 |
|
Function |
Director |
|
Appointment Date |
15/11/2004 |
|
Director |
|
|
Directors Title |
|
|
Name of Director |
RICHARD DELL |
|
Address of Director |
|
|
Postcode of Director |
|
|
Date of Birth |
01/01/1946 |
|
Nationality of Director |
|
|
Director Honours |
|
|
Present Appointments |
1 |
|
Function |
Company Secretary |
|
Appointment Date |
08/03/2002 |
|
Director |
|
|
Directors Title |
|
|
Name of Director |
THOMAS O'CONNOR |
|
Address of Director |
16 ASHBOURNE COURT,, CARRIGALINE,, CO. |
|
Postcode of Director |
|
|
Date of Birth |
28/06/1946 |
|
Nationality of Director |
|
|
Director Honours |
|
|
Present Appointments |
2 |
|
Function |
Director |
|
Appointment Date |
01/01/1901 |
Image
Accounts
|
Accounts Images |
|
|
03-10-2009 |
|
|
26-09-2008 |
|
|
30-09-2007 |
|
|
Returns Images |
|
|
03-10-2009 |
|
|
26-09-2008 |
|
|
30-09-2007 |
|
|
09-08-1988 |
|
|
22-09-1987 |
|
|
22-09-1987 |
|
|
22-09-1987 |
|
|
03-11-1987 |
|
|
03-11-1987 |
|
|
28-01-1983 |
|
|
Other Images |
||
|
17-11-2009 |
B10 CHANGE IN DIRS/SEC |
|
|
08-01-2009 |
B10 CHANGE IN DIRS/SEC |
|
|
06-10-2008 |
B10 CHANGE IN DIRS/SEC |
|
|
09-11-2007 |
B47 NOTICE(LETTER) OF RESIGNATION OF AUDITOR |
|
|
09-08-1988 |
B10 CHANGE IN DIRS/SEC |
|
|
09-08-1988 |
B10 CHANGE IN DIRS/SEC |
|
|
03-11-1987 |
B10 CHANGE IN DIRS/SEC |
|
|
03-11-1987 |
B2 CHANGE IN SITUATION OF REG OFFICE. |
|
|
22-09-1987 |
B10 CHANGE IN DIRS/SEC |
|
|
22-09-1987 |
B10 CHANGE IN DIRS/SEC |
|
|
22-09-1987 |
B10 CHANGE IN DIRS/SEC |
|
|
22-09-1987 |
B10 CHANGE IN DIRS/SEC |
|
|
22-09-1987 |
B10 CHANGE IN DIRS/SEC |
|
|
22-09-1987 |
B10 CHANGE IN DIRS/SEC |
|
|
22-09-1987 |
B10 CHANGE IN DIRS/SEC |
|
|
15-10-1986 |
B10 CHANGE IN DIRS/SEC |
|
|
15-10-1986 |
B10 CHANGE IN DIRS/SEC |
|
|
12-12-1985 |
B5 RETURN OF ALLOTMENTS. |
|
|
26-01-1984 |
B5 RETURN OF ALLOTMENTS. |
|
|
04-01-1983 |
G1Q CHANGE OF NAME SPECIAL RESOLUTION |
|
|
04-01-1983 |
AMENDED MEMORANDUM AND ARTICLES. |
|
|
26-01-1982 |
B10 CHANGE IN DIRS/SEC |
|
|
22-01-1981 |
B10 CHANGE IN DIRS/SEC |
|
|
22-01-1981 |
B2 CHANGE IN SITUATION OF REG OFFICE. |
|
|
23-12-1980 |
CERTIFICATE |
|
|
23-01-1980 |
A1 APPLICATION TO REGISTER AS A NEW COMPANY, |
|
|
23-01-1980 |
AMENDED MEMORANDUM AND ARTICLES. |
|
|
23-01-1980 |
AMENDED MEMORANDUM AND ARTICLES. |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.20 |
|
|
1 |
Rs.73.07 |
|
Euro |
1 |
Rs.61.41 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.