MIRA INFORM REPORT

 

 

Report Date :           

18.07.2011

 

IDENTIFICATION DETAILS

 

Name :

WELLS GRANITE & MARBLE LIMITED

 

 

Registered Office :

Dughlone, Kilmuckridge, Gorey, Co Wexford, Town Code 274825

 

 

Country :

Ireland

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

12.02.2001

 

 

Com. Reg. No.:

IE338884

 

 

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 :

100,000 EUR

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Ireland

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

REGISTERED NAME & COMPANY SUMMARY

 

Company Summary

Company Summary

Company Name

WELLS GRANITE & MARBLE LIMITED

Company Number

IE338884

Telephone Number

 

Address

DUGHLONE, KILMUCKRIDGE, GOREY, CO WEXFORD

Town Code

274825

Company Type

PRIVATE LIMITED BY SHARES

Incorporation Date

12/02/2001

 

Company Information

Address Information

Company Name

WELLS GRANITE & MARBLE LIMITED

Company Number

IE338884

Registered Office Address

DUGHLONEKILMUCKRIDGEGOREYCO WEXFORD

Registered Office Post Code

274825

Registered Telephone No.

 

TPS Registered

N

Trading Address

 

Trading Postal Code

 

Trading Telephone Number

 

TPS Registered

 

 

 

 

CREDIT RECOMENDATION

 

Current Credit Limit: 100,000 EUR

 

DIRECTORS/MANAGEMENT

 

Director Summary

Directorships

3

Total Directorships

9

 

Directors

Director

Directors Title

 

Name of Director

MICHAEL FANNING

Address of Director

DUGHLONE, KILMUCKRIDGE, GOREY, CO. WEXFORD

Postcode of Director

 

Date of Birth

20/08/1967

Nationality of Director

 

Director Honours

 

Present Appointments

1

Function

Director

Appointment Date

01/09/2004

 

Director

Directors Title

 

Name of Director

LISA CARTY

Address of Director

DUGHLONE, KILMUCKRIDGE, GOREY, CO. WEXFORD

Postcode of Director

 

Date of Birth

02/07/1968

Nationality of Director

 

Director Honours

 

Present Appointments

4

Function

Company Secretary

Appointment Date

12/02/2001

 

Director

Directors Title

 

Name of Director

LISA CARTY

Address of Director

DUGHLONE, KILMUCKRIDGE, GOREY, CO. WEXFORD

Postcode of Director

 

Date of Birth

02/07/1968

Nationality of Director

 

Director Honours

 

Present Appointments

4

Function

Director

Appointment Date

12/02/2001

 

 

NEGATIVE INFORMATION

 

CCJ Summary

CCJ Summary

CCJ's Amount

0

CCJ's Value (€)

0

Writs

0

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Shareholders information

Shares Held

13

Currency of Share

EUR

 

Name of Shareholder

LISA CARTY

Nominal Value of each Share

 

Currency of Share

EUR

 

 

PAYMENT INFORMATION

 

Record of Payments

No record of payments for company.

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Group Structure

No Group Structure for this company.

 

 

FINANCIAL INFORMATION

 

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

0

-

0

-

0

Depreciation of Tangibles

-

-

-

-

-

Auditor Fees

0

-

0

-

-

 

Capitals & Reserves

Called up Share Capital

13

0.0%

13

0.0%

13

P&L Account Reserve

1,404,435

-3.3%

1,452,126

17.4%

1,236,845

Sundry Reserves

11,375

-16.7%

13,650

-14.3%

15,925

Revaluation Reserve

0

-

0

-

0

Shareholder Funds

1,415,823

-3.4%

1,465,789

17.0%

1,252,783

Net Worth

1,415,823

-3.4%

1,465,789

17.0%

1,252,783

 

Miscellaneous

Net Cashflow from Operations

0

-

0

-

0

Net Cashflow before Financing

0

-

0

-

0

Net Cashflow from Financing

0

-

0

-

0

Capital Employed

1,415,823

-3.4%

1,465,789

15.1%

1,273,565

No of Employees

0

-

0

-

0

 

Balance Sheet

Tangible Assets

354,149

-23.9%

465,305

-11.5%

525,520

Intangible Assets

0

-

0

-

0

Total Fixed Assets

354,149

-23.9%

465,305

-11.5%

525,520

Stocks & Work-in-Progress

115,936

-27.1%

158,996

-21.3%

202,148

Debtors

- Trade Debtors

160,774

12.7%

142,642

-47.8%

273,323

Cash

876,725

15.4%

759,987

-10.7%

851,508

Misc. Current Assets

4,776

-31.7%

6,989

-

0

Total Current Assets

 

 

 

 

 

Creditors

- Trade Creditors

69,352

44.4%

48,015

-84.1%

301,194

- Bank Overdraft

0

-

0

-

0

Increase in Cash

116,738

227.6%

-91,521

-

0

Total Current Liabilities

96,537

41.7%

68,130

-88.2%

578,934

Other Short Term Loans

0

-

0

-100.0%

70,712

Miscellaneous Current Liabilities

27,185

35.1%

20,115

-90.3%

207,028

Other Long Term Finance

0

-

0

-100.0%

20,782

Total Long Term Liabilities

0

-

0

-100.0%

20,782

Overdraft Long Term Liabilities

0

-

0

-100.0%

20,782

Liabilities

96,537

41.7%

68,130

-88.6%

599,716

Net Assets

1,415,823

-3.4%

1,465,789

17.0%

1,252,783

Working Capital

1,061,674

6.1%

1,000,484

33.7%

748,045

Current Assets

1,158,211

8.4%

1,068,614

-19.5%

1,326,979

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%

-

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

12.00

-

15.68

-

2.29

Liquidity Ratio/Acid Ratio

10.79

-

13.35

-

1.94

Current Debt Ratio

0.1 %

-

0.0 %

-

0.5 %

Long Term Stability

Gearing

0.0 %

-

0.0 %

-

1.7 %

Equity in Percentage

93.6 %

-

95.6 %

-

67.6 %

Total Debt Ratio

0.1 %

-

0.0 %

-

0.5 %

Financial Information

Date

31/12/2009

%

31/12/2008

%

31/12/2007

Currency

NaN

 

NaN

 

NaN

Turnover

0

-

0

-

0

Shareholder Equity

1,415,823

-3.4%

1,465,789

17.0%

1,252,783

Number of employees

0

-

0

-

0

 

FOREIGN EXCHANGE RATES

 

Na

 

 

ADDITIONAL INFORMATION

 

Auditor/Banker's Information

Auditor Name

 

Auditor Qualification

No Adverse Comments

Banker Name

ALLIED IRISH BANK

Banker Sort Code

 

 

Other Information

Website Address

 

Incorporation Date

12/02/2001

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

12/08/2010

 

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

 

Event History

Date

Description

01/09/2010

New Accounts Filed

31/08/2010

Annual Returns

18/09/2009

Annual Returns

18/09/2009

New Accounts Filed

03/08/2008

Annual Returns

24/07/2008

New Accounts Filed

 

Status History

No status history for this company.

 

 

 

NOTES & COMMENTS

 

Na

 

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%)

 

 

 

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.