MIRA INFORM REPORT
|
Report Date : |
16.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
LINEN DIRECT LIMITED |
|
|
|
|
Registered Office : |
Unit 6 Finglas Business Centre,
Jamestown Road, Dublin 11, Dublin 11town Code 216410 |
|
|
|
|
Country : |
Ireland |
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
14.05.2003 |
|
|
|
|
Com. Reg. No.: |
IE371041 |
|
|
|
|
Legal Form : |
Private Limited By Shares |
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|
|
|
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 : |
(€) 50,000 |
|
|
|
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Ireland |
a1 |
a1 |
|
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 |
LINEN DIRECT LIMITED |
|
Company
Number |
IE371041 |
|
Telephone
Number |
|
|
Address |
UNIT 6 FINGLAS BUSINESS
CENTRE, JAMESTOWN ROAD, DUBLIN 11, DUBLIN 11 |
|
Town Code |
216410 |
|
Company Type |
PRIVATE LIMITED BY SHARES |
|
Incorporation
Date |
14/05/2003 |
|
Company
Status Summary |
|
|
Company
Status |
Active - Accounts Filed |
|
Limit (€) |
50,000 |
|
Active CCJ's |
0 |
|
Value of
CCJ's (€) |
0 |
|
Writs |
0 |
|
Director
Summary |
|
|
Directorships |
3 |
|
Total
Directorships |
5 |
|
Financial
Information |
|||||
|
Date |
31/03/2010 |
% |
31/03/2009 |
% |
31/03/2008 |
|
Currency |
NaN |
|
NaN |
|
NaN |
|
Turnover |
0 |
- |
0 |
- |
0 |
|
Shareholder
Equity |
665,441 |
15.4% |
576,656 |
4.0% |
554,217 |
|
Number of
employees |
0 |
- |
0 |
- |
0 |
Company
Information
|
Address
Information |
|
|
Company Name |
LINEN DIRECT LIMITED |
|
Company
Number |
IE371041 |
|
Registered
Office Address |
UNIT 6 FINGLAS BUSINESS
CENTREJAMESTOWN ROADDUBLIN 11DUBLIN 11 |
|
Registered
Office Post Code |
216410 |
|
Registered
Telephone No. |
|
|
TPS
Registered |
N |
|
Trading
Address |
|
|
Trading
Postal Code |
|
|
Trading
Telephone Number |
|
|
TPS
Registered |
|
|
Auditor/Banker's
Information |
|
|
Auditor Name |
|
|
Auditor
Qualification |
No Adverse Comments |
|
Banker Name |
BANK OF IRELAND |
|
Banker Sort
Code |
90-05-51 |
|
Other
Information |
|
|
Website
Address |
|
|
Incorporation
Date |
14/05/2003 |
|
Company Type |
PRIVATE LIMITED BY SHARES |
|
Type of Accounts |
Small Company |
|
Date of
Latest Accounts |
31/03/2010 |
|
Filing Date
of Accounts |
|
|
Annual Return
Date |
14/11/2010 |
|
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 |
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|
Status |
|
|
Person(s)
Entitled |
|
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Amount
Secured |
|
|
Details |
|
|
Shareholders
information |
|
|
Shares Held |
100 |
|
Currency of
Share |
EUR |
|
|
|
|
Name of
Shareholder |
GARRETT MCMAHON |
|
Nominal Value
of each Share |
|
|
Currency of
Share |
EUR |
Accounts
& Ratios
|
Period |
|
|||||
|
Date From |
01/04/2009 |
% |
01/04/2008 |
% |
02/04/2007 |
|
|
Date To |
31/03/2010 |
- |
31/03/2009 |
- |
31/03/2008 |
|
|
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 |
0 |
- |
0 |
- |
0 |
|
|
Depreciation
of Tangibles |
- |
- |
0 |
- |
0 |
|
|
Auditor Fees |
0 |
- |
0 |
- |
0 |
|
|
Capitals
& Reserves |
|||||
|
Called up
Share Capital |
100 |
0.0% |
100 |
0.0% |
100 |
|
P&L Account
Reserve |
665,341 |
15.4% |
576,556 |
4.0% |
554,117 |
|
Sundry
Reserves |
0 |
- |
0 |
- |
0 |
|
Revaluation
Reserve |
0 |
- |
0 |
- |
0 |
|
Shareholder
Funds |
665,441 |
15.4% |
576,656 |
4.0% |
554,217 |
|
Net Worth |
665,441 |
15.4% |
576,656 |
4.0% |
554,217 |
|
Miscellaneous
|
|||||
|
Net Cashflow
from Operations |
0 |
- |
0 |
- |
0 |
|
Net Cashflow
before Financing |
0 |
- |
0 |
- |
0 |
|
Net Cashflow
from Financing |
0 |
- |
0 |
- |
0 |
|
Capital
Employed |
1,036,259 |
5.2% |
985,147 |
21.4% |
811,797 |
|
No of
Employees |
0 |
- |
0 |
- |
0 |
|
Balance Sheet |
|
|||||
|
Tangible
Assets |
413,290 |
1.5% |
407,182 |
3.6% |
393,043 |
|
|
Intangible
Assets |
0 |
- |
0 |
- |
0 |
|
|
Total Fixed
Assets |
413,290 |
1.5% |
407,182 |
3.6% |
393,043 |
|
|
Stocks &
Work-in-Progress |
363,183 |
-3.6% |
376,788 |
83.7% |
205,056 |
|
|
Debtors |
|
|||||
|
- Trade
Debtors |
442,712 |
51.9% |
291,399 |
-26.0% |
393,870 |
|
|
Cash |
0 |
- |
0 |
-100.0% |
8,123 |
|
|
Misc. Current
Assets |
0 |
- |
0 |
- |
0 |
|
|
Total Current
Assets |
|
|
|
|
|
|
|
Creditors |
|
|||||
|
- Trade
Creditors |
100,914 |
78.2% |
56,644 |
-40.8% |
95,647 |
|
|
- Bank
Overdraft |
53,717 |
17.4% |
45,748 |
-11.3% |
51,602 |
|
|
Increase in
Cash |
0 |
100.0% |
-8,123 |
- |
0 |
|
|
Total Current
Liabilities |
182,926 |
78.7% |
102,392 |
-45.6% |
188,295 |
|
|
Other Short
Term Loans |
0 |
- |
0 |
- |
0 |
|
|
Miscellaneous
Current Liabilities |
28,295 |
- |
0 |
-100.0% |
41,046 |
|
|
Other Long
Term Finance |
307,286 |
-0.7% |
309,559 |
21.3% |
255,105 |
|
|
Total Long
Term Liabilities |
370,818 |
-9.2% |
408,491 |
58.6% |
257,580 |
|
|
Overdraft
Long Term Liabilities |
424,535 |
-6.5% |
454,239 |
46.9% |
309,182 |
|
|
Liabilities |
553,744 |
8.4% |
510,883 |
14.6% |
445,875 |
|
|
Net Assets |
665,441 |
15.4% |
576,656 |
4.0% |
554,217 |
|
|
Working
Capital |
622,969 |
7.8% |
577,965 |
38.0% |
418,754 |
|
|
Current
Assets |
805,895 |
18.5% |
680,357 |
12.1% |
607,049 |
|
|
Other Current
Assets |
0 |
-100.0% |
12,170 |
- |
0 |
|
|
Ratios |
|
|||||
|
Date To |
31/03/2010 |
% |
31/03/2009 |
% |
31/03/2008 |
|
|
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 |
4.41 |
- |
6.64 |
- |
3.22 |
|
|
Liquidity
Ratio/Acid Ratio |
2.42 |
- |
2.96 |
- |
2.13 |
|
|
Current Debt
Ratio |
0.3 % |
- |
0.2 % |
- |
0.3 % |
|
|
Long Term
Stability |
|
|||||
|
Gearing |
63.8 % |
- |
78.8 % |
- |
55.8 % |
|
|
Equity in
Percentage |
54.6 % |
- |
53.0 % |
- |
55.4 % |
|
|
Total Debt
Ratio |
0.8 % |
- |
0.9 % |
- |
0.8 % |
|
Limit
|
Credit
Information |
|
|
Limit (€) |
50,000 |
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 |
|
|
13/01/2011 |
Annual Returns |
|
|
13/01/2011 |
New Accounts Filed |
|
|
13/01/2011 |
New Accounts Filed |
|
|
30/11/2009 |
Annual Returns |
|
|
26/11/2009 |
New Accounts Filed |
|
|
11/11/2008 |
Annual Returns |
|
|
11/11/2008 |
New Accounts Filed |
|
|
Status
History |
|
|
No status history for
this company. |
|
Directors
|
Director |
|
|
Directors
Title |
|
|
Name of
Director |
GARRETT MCMAHON |
|
Address of
Director |
20 QUAY STREET, SKERRIES,
CO. DUBLIN |
|
Postcode of
Director |
|
|
Date of Birth |
23/05/1960 |
|
Nationality
of Director |
|
|
Director Honours |
|
|
Present
Appointments |
2 |
|
Function |
Company Secretary |
|
Appointment
Date |
14/05/2003 |
|
Director |
|
|
Directors
Title |
|
|
Name of
Director |
GARRETT MCMAHON |
|
Address of
Director |
20 QUAY STREET, SKERRIES,
CO. DUBLIN |
|
Postcode of
Director |
|
|
Date of Birth |
23/05/1960 |
|
Nationality
of Director |
|
|
Director
Honours |
|
|
Present
Appointments |
2 |
|
Function |
Director |
|
Appointment
Date |
14/05/2003 |
|
Director |
|
|
Directors
Title |
|
|
Name of Director |
TERRY MCMAHON |
|
Address of
Director |
9 HOAR ROCK, SKERRIES,
CO. DUBLIN |
|
Postcode of
Director |
|
|
Date of Birth |
23/03/1957 |
|
Nationality
of Director |
|
|
Director
Honours |
|
|
Present
Appointments |
1 |
|
Function |
Director |
|
Appointment
Date |
14/05/2003 |
Image
Accounts
|
Accounts
Images |
|
|
|
31-03-2010 |
|
|
|
31-03-2009 |
|
|
|
31-03-2008 |
|
|
|
31-03-2007 |
|
|
|
Returns
Images |
|
|
|
31-03-2010 |
|
|
|
31-03-2009 |
|
|
|
31-03-2008 |
|
|
|
31-03-2007 |
|
|
|
Other Images |
|
|
No more image documents
for this company. |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.53 |
|
UK Pound |
1 |
Rs.71.91 |
|
Euro |
1 |
Rs.62.98 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.