MIRA INFORM REPORT
|
Report Date : |
20.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
AGRIGEAR LIMITED |
|
|
|
|
Registered Office : |
Kells
Road, Bailieboro, Co Cavan, Co. Cavan.Town Code 686809 |
|
|
|
|
Country : |
Ireland |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
29.11.1983 |
|
|
|
|
Com. Reg. No.: |
IE098422 |
|
|
|
|
Legal Form : |
Private Limited By Shares |
|
|
|
|
Line of Business : |
The sale and distribution
of new and second hand tyres and wheels |
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 : |
75,000 (€) |
|
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 |
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 |
AGRIGEAR LIMITED |
|
Company
Number |
IE098422 |
|
Telephone
Number |
0429665324 |
|
Address |
KELLS ROAD, BAILIEBORO,
CO CAVAN, CO. CAVAN. |
|
Town Code |
686809 |
|
Company Type |
PRIVATE LIMITED BY SHARES |
|
Incorporation
Date |
29/11/1983 |
|
Company
Status Summary |
|
|
Company
Status |
Active - Accounts Filed |
|
Limit (€) |
75,000 |
|
Active CCJ's |
0 |
|
Value of
CCJ's (€) |
0 |
|
Writs |
0 |
|
Director
Summary |
|
|
Directorships |
4 |
|
Total
Directorships |
11 |
|
Financial
Information |
|||||
|
Date |
31/12/2009 |
% |
31/12/2008 |
% |
31/12/2007 |
|
Currency |
NaN |
|
NaN |
|
NaN |
|
Turnover |
0 |
- |
0 |
- |
0 |
|
Shareholder
Equity |
3,364,368 |
4.7% |
3,213,829 |
7.1% |
3,000,044 |
|
Number of
employees |
37 |
- |
40 |
- |
42 |
Company
Information
|
Address
Information |
|
|
Company Name |
AGRIGEAR LIMITED |
|
Company
Number |
IE098422 |
|
Registered
Office Address |
KELLS ROADBAILIEBOROCO
CAVANCO. CAVAN. |
|
Registered
Office Post Code |
686809 |
|
Registered
Telephone No. |
0429665324 |
|
TPS
Registered |
N |
|
Trading
Address |
|
|
Trading
Postal Code |
|
|
Trading
Telephone Number |
|
|
TPS
Registered |
|
|
Auditor/Banker's
Information |
|
|
Auditor Name |
AMATINO PARTNERS |
|
Auditor
Qualification |
No Adverse Comments |
|
Banker Name |
NATIONAL IRISH BANK |
|
Banker Sort
Code |
|
|
Other
Information |
|
|
Website
Address |
|
|
Incorporation
Date |
29/11/1983 |
|
Company Type |
PRIVATE LIMITED BY SHARES |
|
Type of
Accounts |
Medium Company |
|
Date of
Latest Accounts |
31/12/2009 |
|
Filing Date
of Accounts |
|
|
Annual Return
Date |
30/09/2010 |
|
Industry
Information |
|
|
Industry
Description |
The sale and distribution
of new and second hand tyres and wheels. |
|
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 |
116,250 |
|
Currency of
Share |
EUR |
|
|
|
|
Name of
Shareholder |
CHARLES FREDERICK CLARKE |
|
Nominal Value
of each Share |
|
|
Currency of
Share |
EUR |
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 |
1,623,229 |
-16.5% |
1,943,734 |
-12.0% |
2,208,383 |
|
|
Operating
Profit |
293,299 |
-37.8% |
471,247 |
-46.7% |
883,780 |
|
|
Pre-Tax
Profit |
176,855 |
-30.2% |
253,254 |
-64.5% |
714,258 |
|
|
Tax |
-25,827 |
24.6% |
-34,254 |
62.4% |
-91,051 |
|
|
Post-Tax
Profit |
151,028 |
-31.0% |
219,000 |
-64.9% |
623,207 |
|
|
Dividends |
0 |
- |
0 |
- |
0 |
|
|
Retained
Profit |
151,028 |
-31.0% |
219,000 |
-64.9% |
623,207 |
|
|
Interest
Payable |
111,151 |
-50.2% |
223,365 |
31.8% |
169,522 |
|
|
Directors
Remuneration |
99,185 |
-12.9% |
113,887 |
38.1% |
82,487 |
|
|
Wages &
Salaries |
1,109,747 |
-20.7% |
1,398,672 |
2.0% |
1,371,459 |
|
|
Depreciation
of Tangibles |
106,848 |
-15.9% |
126,990 |
-1.7% |
129,159 |
|
|
Auditor Fees |
5,900 |
-1.7% |
6,000 |
-11.8% |
6,800 |
|
|
Capitals
& Reserves |
|||||
|
Called up
Share Capital |
116,250 |
0.0% |
116,250 |
0.0% |
116,250 |
|
P&L
Account Reserve |
3,225,997 |
4.9% |
3,074,970 |
7.7% |
2,855,968 |
|
Sundry
Reserves |
22,121 |
-2.2% |
22,609 |
-18.7% |
27,826 |
|
Revaluation
Reserve |
0 |
- |
0 |
- |
0 |
|
Shareholder
Funds |
3,364,368 |
4.7% |
3,213,829 |
7.1% |
3,000,044 |
|
Net Worth |
3,364,368 |
4.7% |
3,213,829 |
7.1% |
3,000,044 |
|
Miscellaneous
|
|||||
|
Net Cashflow
from Operations |
403,454 |
24.8% |
323,223 |
-60.2% |
812,707 |
|
Net Cashflow
before Financing |
-100,911 |
-18.4% |
-85,202 |
-114.2% |
600,481 |
|
Net Cashflow
from Financing |
-100,911 |
-18.4% |
-85,202 |
-114.2% |
600,481 |
|
Capital
Employed |
4,542,416 |
0.8% |
4,508,336 |
3.7% |
4,348,573 |
|
No of
Employees |
37 |
-7.5% |
40 |
-4.8% |
42 |
|
Balance Sheet |
|
|||||
|
Tangible
Assets |
2,003,663 |
-3.9% |
2,084,735 |
-1.7% |
2,121,313 |
|
|
Intangible
Assets |
0 |
- |
0 |
- |
0 |
|
|
Total Fixed
Assets |
2,003,663 |
-3.9% |
2,084,735 |
-1.7% |
2,121,313 |
|
|
Stocks &
Work-in-Progress |
2,360,854 |
2.0% |
2,315,563 |
-1.0% |
2,337,972 |
|
|
Debtors |
|
|||||
|
- Trade
Debtors |
1,707,473 |
-16.0% |
2,032,572 |
1.7% |
1,997,821 |
|
|
Cash |
8,409 |
-73.1% |
31,231 |
-81.0% |
164,470 |
|
|
Misc. Current
Assets |
0 |
-100.0% |
56,472 |
- |
0 |
|
|
Total Current
Assets |
|
|
|
|
|
|
|
Creditors |
|
|||||
|
- Trade Creditors |
217,451 |
-58.8% |
527,376 |
-31.3% |
767,260 |
|
|
- Bank
Overdraft |
1,173,124 |
-14.3% |
1,368,477 |
2.1% |
1,340,774 |
|
|
Increase in
Cash |
-22,822 |
82.9% |
-133,239 |
- |
0 |
|
|
Total Current
Liabilities |
1,599,483 |
-22.1% |
2,052,577 |
-13.4% |
2,369,839 |
|
|
Other Short
Term Loans |
26,544 |
-14.8% |
31,147 |
-11.4% |
35,173 |
|
|
Miscellaneous
Current Liabilities |
182,364 |
45.2% |
125,577 |
-44.6% |
226,632 |
|
|
Other Long
Term Finance |
36,165 |
-10.8% |
40,540 |
-13.9% |
47,099 |
|
|
Total Long
Term Liabilities |
1,178,048 |
-9.0% |
1,294,507 |
-4.0% |
1,348,529 |
|
|
Overdraft
Long Term Liabilities |
2,351,172 |
-11.7% |
2,662,984 |
-1.0% |
2,689,303 |
|
|
Liabilities |
2,777,531 |
-17.0% |
3,347,084 |
-10.0% |
3,718,368 |
|
|
Net Assets |
3,364,368 |
4.7% |
3,213,829 |
7.1% |
3,000,044 |
|
|
Working Capital |
2,538,753 |
4.8% |
2,423,601 |
8.8% |
2,227,260 |
|
|
Current
Assets |
4,138,236 |
-7.5% |
4,476,178 |
-2.6% |
4,597,099 |
|
|
Other Current
Assets |
61,500 |
52.5% |
40,340 |
-58.3% |
96,836 |
|
|
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 |
3.9 % |
- |
5.6 % |
- |
16.4 % |
|
|
Return on
Total Assets Employed |
2.9 % |
- |
3.9 % |
- |
10.6 % |
|
|
Return on Net
Assets Employed |
5.3 % |
- |
7.9 % |
- |
23.8 % |
|
|
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 |
2.59 |
- |
2.18 |
- |
1.94 |
|
|
Liquidity
Ratio/Acid Ratio |
1.11 |
- |
1.05 |
- |
0.95 |
|
|
Current Debt
Ratio |
0.5 % |
- |
0.6 % |
- |
0.8 % |
|
|
Long Term
Stability |
|
|||||
|
Gearing |
69.9 % |
- |
82.9 % |
- |
89.6 % |
|
|
Equity in
Percentage |
54.8 % |
- |
49.0 % |
- |
44.7 % |
|
|
Total Debt
Ratio |
0.8 % |
- |
1.0 % |
- |
1.2 % |
|
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 |
|
|
12/11/2010 |
Annual Returns |
|
|
12/11/2010 |
New Accounts Filed |
|
|
12/11/2010 |
New Accounts Filed |
|
|
15/07/2010 |
New Accounts Filed |
|
|
14/07/2010 |
Annual Returns |
|
|
04/11/2009 |
Annual Returns |
|
|
04/11/2009 |
New Accounts Filed |
|
|
04/11/2009 |
New Accounts Filed |
|
|
17/10/2008 |
Annual Returns |
|
|
17/10/2008 |
New Accounts Filed |
|
|
18/08/2008 |
New Board Member (ROSE
MARY CLARKE) appointed |
|
|
Status
History |
|
|
No status history for
this company. |
|
Directors
|
Director |
|
|
Directors
Title |
|
|
Name of
Director |
ROSE MARY CLARKE |
|
Address of
Director |
NEWCASTLE, MOYNALTY,
KELLS, CO.MEATH |
|
Postcode of
Director |
|
|
Date of Birth |
07/05/1976 |
|
Nationality
of Director |
|
|
Director
Honours |
|
|
Present
Appointments |
1 |
|
Function |
Director |
|
Appointment
Date |
18/08/2008 |
|
Director |
|
|
Directors
Title |
|
|
Name of
Director |
CHARLES FREDERICK CLARKE |
|
Address of
Director |
DULANE, KELLS, CO. MEATH |
|
Postcode of
Director |
|
|
Date of Birth |
26/05/1947 |
|
Nationality
of Director |
|
|
Director
Honours |
|
|
Present
Appointments |
2 |
|
Function |
Director |
|
Appointment
Date |
24/07/1987 |
|
Director |
|
|
Directors
Title |
|
|
Name of
Director |
JOYCE CLARKE |
|
Address of
Director |
DULANE, KELLS, CO. MEATH |
|
Postcode of
Director |
|
|
Date of Birth |
13/05/1947 |
|
Nationality
of Director |
|
|
Director
Honours |
|
|
Present
Appointments |
4 |
|
Function |
Company Secretary |
|
Appointment
Date |
24/07/1987 |
|
Director |
|
|
Directors
Title |
|
|
Name of
Director |
JOYCE CLARKE |
|
Address of
Director |
DULANE, KELLS, CO. MEATH |
|
Postcode of
Director |
|
|
Date of Birth |
13/05/1947 |
|
Nationality
of Director |
|
|
Director
Honours |
|
|
Present
Appointments |
4 |
|
Function |
Director |
|
Appointment
Date |
13/01/1984 |
Image
Accounts
|
Accounts
Images |
|
|
|
31-12-2008 |
|
|
|
31-12-2008 |
|
|
|
31-12-2007 |
|
|
|
Returns
Images |
|
|
|
31-12-2009 |
|
|
|
31-12-2008 |
|
|
|
31-12-2008 |
|
|
|
31-12-2007 |
|
|
|
Other Images |
|
||
|
20-08-2008 |
B10 CHANGE IN DIRS/SEC |
|
|
|
08-11-2007 |
C6 MEMO OF SATISFACTION
OF A CHARGE-FULL |
|
|
|
08-11-2007 |
C6 MEMO OF SATISFACTION
OF A CHARGE-FULL |
|
|
|
08-11-2007 |
C6 MEMO OF SATISFACTION
OF A CHARGE-FULL |
|
|
|
29-11-1983 |
CERTIFICATE |
|
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.93 |
|
UK Pound |
1 |
Rs.72.43 |
|
Euro |
1 |
Rs.63.62 |
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.