MIRA INFORM REPORT

Report Date :

17.06.2011

IDENTIFICATION DETAILS

Name :	SHABRA PLASTICS AND PACKAGING LIMITED

Registered Office :	Bree Industrial Estate, Castleblayney, Co Monaghan, Co. Monaghan

Country :	Ireland

Financials (as on) :	30.09.2009

Date of Incorporation :	24.05.1982

Com. Reg. No.:	IE089443

Legal Form :	Private Limited By Share

Line of Business :	Distribution of packaging materials and the supply of cleaning products and detergents on a wholesale cash and carry.

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	(€) 135,000
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 – March 31^st, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Ireland

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	SHABRA PLASTICS AND PACKAGING LIMITED
Company Number	IE089443
Telephone Number	0868106333
Address	Bree Industrial Estate, Castleblayney, Co Monaghan, Co. Monaghan
Town Code	999948
Company Type	PRIVATE LIMITED BY SHARES
Incorporation Date	24/05/1982

CREDIT RECOMENDATION

Current Credit Limit:

Today's Limit (€)

135,000

DIRECTORS/MANAGEMENT

Directors

Director
Directors Title
Name of Director	BRIAN FINNEGAN
Address of Director	CREEVY, CARRICKMACROSS, CO. MONAGHAN
Postcode of Director
Date of Birth	28/08/1966
Nationality of Director
Director Honours
Present Appointments	1
Function	Director
Appointment Date	16/12/2010

Director
Directors Title
Name of Director	OLIVER BRADY
Address of Director	CORTUBBER, CASTLEBLAYNEY, CO. MONAGHAN
Postcode of Director
Date of Birth	05/07/1939
Nationality of Director
Director Honours
Present Appointments	8
Function	Director
Appointment Date	24/05/1982

Director
Directors Title
Name of Director	RITA SHAH
Address of Director	SHABRA LODGE, CORTOBBER,, CASTLEBLAYNEY,, CO MONAGHAN
Postcode of Director
Date of Birth	07/07/1954
Nationality of Director
Director Honours
Present Appointments	8
Function	Company Secretary
Appointment Date	24/05/1982

Director
Directors Title
Name of Director	RITA SHAH
Address of Director	SHABRA LODGE, CORTOBBER,, CASTLEBLAYNEY,, CO MONAGHAN
Postcode of Director
Date of Birth	07/07/1954
Nationality of Director
Director Honours
Present Appointments	8
Function	Director
Appointment Date	24/05/1982

NEGATIVE INFORMATION

CCJ Summary

CCJ Summary
CCJ's Amount	0
CCJ's Value (€)	0
Writs	0

SHARE & SHARE CAPITAL INFORMATION

Shareholders information
Shares Held	143,480
Currency of Share	EUR

Name of Shareholder	JAYESH MULCHAND HARIA SHAH
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

Ultimate Parent Company Name
Parent Company Name	SHABRA PLASTICS AND PACKAGING LIMITED
Number of company in Group	3
Company Name	Company Number	Accounts Date
SHABRA PLASTICS AND PACKAGING LIMITED	IE089443	30/09/2009
SHABRA POLYMEX LIMITED	IE172018	30/09/2009
SHABRA RECYCLING LIMITED	IE245826	30/09/2009

FINANCIAL INFORMATION

Financial Information
Date	30/09/2009	%	30/09/2008	%	30/09/2007
Currency	NaN		NaN		NaN
Turnover	0	-	0	-	0
Shareholder Equity	4,079,811	11.0%	3,674,088	3.7%	3,541,369
Number of employees	0	-	0	-	0

Accounts & Ratios

Period
Date From	01/10/2008	%	02/10/2007	%	01/10/2006
Date To	30/09/2009	-	30/09/2008	-	30/09/2007
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	858,079	9.7%	782,009	-11.5%	883,666
Operating Profit	112,734	-49.8%	224,549	-35.6%	348,813
Pre-Tax Profit	66,972	-54.5%	147,326	-46.4%	274,671
Tax	-10,905	70.0%	-36,308	-598.4%	-5,199
Post-Tax Profit	56,067	-49.5%	111,018	-58.8%	269,472
Dividends	0	-	0	-	0
Retained Profit	56,067	-49.5%	111,018	-58.8%	269,472
Interest Payable	45,762	-40.7%	77,223	4.2%	74,142
Directors Remuneration	130,000	25.7%	103,461	-2.5%	106,115
Wages & Salaries	0	-	0	-	0
Depreciation of Tangibles	18,575	-21.0%	23,524	-14.0%	27,356
Auditor Fees	9,600	-24.7%	12,750	21.8%	10,465

Capitals & Reserves
Called up Share Capital	143,480	0.0%	143,480	0.0%	143,480
P&L Account Reserve	1,577,550	3.7%	1,521,483	7.9%	1,410,465
Sundry Reserves	0	-100.0%	4,312	-66.7%	12,938
Revaluation Reserve	2,358,781	17.7%	2,004,813	1.5%	1,974,486
Shareholder Funds	4,079,811	11.0%	3,674,088	3.7%	3,541,369
Net Worth	4,037,014	10.6%	3,648,827	4.2%	3,503,154

Miscellaneous
Net Cashflow from Operations	57,199	-67.1%	173,960	49.0%	116,747
Net Cashflow before Financing	0	-	0	-100.0%	33,812
Net Cashflow from Financing	0	-	0	-100.0%	33,812
Capital Employed	4,097,438	10.6%	3,704,597	3.7%	3,572,080
No of Employees	0	-	0	-	0

Balance Sheet
Tangible Assets	2,748,712	14.5%	2,401,269	1.0%	2,378,466
Intangible Assets	42,797	69.4%	25,261	-33.9%	38,215
Total Fixed Assets	2,791,509	15.0%	2,426,530	0.4%	2,416,681
Stocks & Work-in-Progress	1,044,184	11.2%	938,874	15.0%	816,342
Debtors
- Trade Debtors	1,015,496	12.1%	906,122	-25.6%	1,217,728
Cash	21,690	-3.9%	22,581	-77.8%	101,839
Misc. Current Assets	0	-	0	-	0
Total Current Assets
Creditors
- Trade Creditors	347,885	-9.8%	385,835	-22.9%	500,692
- Bank Overdraft	700,304	10.1%	636,048	-17.6%	771,445
Increase in Cash	-891	98.9%	-79,258	-	0
Total Current Liabilities	2,387,315	49.2%	1,599,648	9.7%	1,458,330
Other Short Term Loans	1,064,620	144.6%	435,273	1,493.2%	27,320
Miscellaneous Current Liabilities	274,506	92.6%	142,492	-10.3%	158,873
Other Long Term Finance	5,917	-71.5%	20,731	-17.7%	25,193
Total Long Term Liabilities	17,627	-42.2%	30,509	-0.7%	30,711
Overdraft Long Term Liabilites	717,931	7.7%	666,557	-16.9%	802,156
Liabilities	2,404,942	47.5%	1,630,157	9.5%	1,489,041
Net Assets	4,079,811	11.0%	3,674,088	3.7%	3,541,369
Working Captial	1,305,929	2.2%	1,278,067	10.6%	1,155,399
Current Assets	3,693,244	28.3%	2,877,715	10.1%	2,613,729
Other Current Assets	1,611,874	59.6%	1,010,138	111.4%	477,820

Ratios
Date To	30/09/2009	%	30/09/2008	%	30/09/2007
Trading Performance
Pre-Tax Profit Margin	0.0%	-	0.0%	-	0.0%
Return on Capital Employed	1.6 %	-	4.0 %	-	7.7 %
Return on Total Assets Employed	1.0 %	-	2.8 %	-	5.5 %
Return on Net Assets Employed	1.6 %	-	4.0 %	-	7.8 %
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	1.55	-	1.80	-	1.79
Liquidity Ratio/Acid Ratio	1.10	-	1.21	-	1.23
Current Debt Ratio	0.6 %	-	0.4 %	-	0.4 %
Long Term Stability
Gearing	17.6 %	-	18.1 %	-	22.7 %
Equity in Percentage	63.3 %	-	69.6 %	-	70.9 %
Total Debt Ratio	0.6 %	-	0.4 %	-	0.4 %

FOREIGN EXCHANGE RATES

ADDITIONAL INFORMATION

Director Summary
Directorships	4
Total Directorships	25
Auditor/Banker's Information
Auditor Name	KEARNEY MCARDLE MCENEANEY & CO
Auditor Qualification	No Adverse Comments
Banker Name	ALLIED IRISH BANK
Banker Sort Code
Other Information
Website Address
Incorporation Date	24/05/1982
Company Type	PRIVATE LIMITED BY SHARES
Type of Accounts	Medium Company
Date of Latest Accounts	30/09/2009
Filing Date of Accounts
Annual Return Date	30/06/2010

Industry Information
Industry Description	The import and distribution of packaging materials and the supply of cleaning products and detergents on a wholesale cash and carry.

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

Company History

Event History
Date	Description
16/12/2010	RICHARD AJ POLLARD has left the board
16/12/2010	New Board Member (BRIAN FINNEGAN) appointed
14/07/2010	Annual Returns
14/07/2010	New Accounts Filed
14/07/2010	New Accounts Filed
24/07/2009	Annual Returns
23/07/2009	New Accounts Filed
07/01/2009	New Board Member (RICHARD AJ POLLARD) appointed
21/07/2008	Annual Returns
16/07/2008	Annual Returns
10/07/2008	New Accounts Filed

Status History
No status history for this company.

Image Accounts

Accounts Images
30-09-2009	view document
30-09-2008	view document
30-09-2007	view document

Returns Images
30-09-2009	view document
30-09-2008	view document
30-09-2007	view document
29-07-1988	view document
29-07-1988	view document
09-09-1986	view document
09-09-1986	view document
09-09-1986	view document

Other Images
26-01-2011	B10 CHANGE IN DIRS/SEC	view document
20-01-2009	B10 CHANGE IN DIRS/SEC	view document
17-07-1990	G1 SPECIAL RESOLUTION	view document
17-07-1990	AMENDED MEMORANDUM AND ARTICLES.	view document
17-05-1989	C1 MORT/ CHARGE CREATED BY IRISH COMPANY	view document
17-08-1988	C1 MORT/ CHARGE CREATED BY IRISH COMPANY	view document
09-09-1986	B10 CHANGE IN DIRS/SEC	view document
09-09-1986	B2 CHANGE IN SITUATION OF REG OFFICE.	view document
24-05-1982	CERTIFICATE	view document

NOTES & COMMENTS

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.90
UK Pound	1	Rs.72.54
Euro	1	Rs.63.39

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.

Address Information
Company Name	SHABRA PLASTICS AND PACKAGING LIMITED
Company Number	IE089443
Registered Office Address	Bree Industrial EstateCastleblayneyCo MonaghanCo. Monaghan
Registered Office Post Code	999948
Registered Telephone No.	0868106333
TPS Registered	N
Trading Address
Trading Postal Code
Trading Telephone Number
TPS Registered