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MIRA INFORM REPORT
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Report Date : |
07.03.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
BARCLAY CHEMICALS (HOLDINGS) LIMITED |
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Registered Office : |
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Country : |
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|
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
23.06.1986 |
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Com. Reg. No.: |
IE115017 |
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|
|
Legal Form : |
Private Limited By Shares |
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|
|
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Line of Business : |
manufacture and |
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 : |
(€) 190,000 |
|
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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company Summary
|
Company Summary |
|
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Company Name |
BARCLAY CHEMICALS (HOLDINGS) LIMITED |
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Company Number |
IE115017 |
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Telephone Number |
018224555 |
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Address |
|
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Town Code |
216410 |
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Company Type |
PRIVATE LIMITED BY SHARES |
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Incorporation Date |
23/06/1986 |
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Company Status Summary |
|
|
Company Status |
Active - Accounts Filed |
|
Limit (€) |
190,000 |
|
Active CCJ's |
0 |
|
Value of CCJ's (€) |
0 |
|
Writs |
0 |
|
Director Summary |
|
|
Directorships |
3 |
|
Total Directorships |
37 |
|
Financial Information |
|||||
|
Date |
31/12/2009 |
% |
31/12/2008 |
% |
31/12/2007 |
|
Currency |
|
|
|
|
|
|
Turnover |
25,601,257 |
-66.0% |
75,260,971 |
98.4% |
37,932,392 |
|
Shareholder Equity |
17,603,249 |
-13.7% |
20,406,067 |
114.4% |
9,517,715 |
|
Number of employees |
50 |
- |
48 |
- |
41 |
|
Address Information |
|
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Company Name |
BARCLAY CHEMICALS (HOLDINGS) LIMITED |
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Company Number |
IE115017 |
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Registered Office Address |
Damastown WayDamastown Industrial
ParkMulhuddartDublin 15 |
|
Registered Office Post Code |
216410 |
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Registered Telephone No. |
018224555 |
|
TPS Registered |
N |
|
Trading Address |
|
|
Trading Postal Code |
|
|
Trading Telephone Number |
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TPS Registered |
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Auditor/Banker's Information |
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Auditor Name |
BAKER TILLY RYAN GLENNON |
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Auditor Qualification |
No Adverse Comments |
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Banker Name |
ULSTER BANK LTD |
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Banker Sort Code |
|
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Other Information |
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Website Address |
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Incorporation Date |
23/06/1986 |
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Company Type |
PRIVATE LIMITED BY SHARES |
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Type of Accounts |
Group |
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Date of Latest Accounts |
31/12/2009 |
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Filing Date of Accounts |
|
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Annual Return Date |
30/09/2010 |
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Industry Information |
|
|
Industry Description |
A group engaged in the manufacture and sale
of agricultural and fine chemicals and holding of patents and collecting of
related royalty income. |
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Mortgage Information |
|
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Mortgages(s) Outstanding |
0 |
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Mortgages(s) Satisfied |
0 |
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Mortgage Type |
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Date Charge Created |
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Date Charge Registered |
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Date Charge Satisfied |
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Status |
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Person(s) Entitled |
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Amount Secured |
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Details |
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Shareholders information |
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Shares Held |
164,742 |
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Currency of Share |
EUR |
|
|
|
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Name of Shareholder |
BARCLAY CHEMICALS LTD |
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Nominal Value of each Share |
|
|
Currency of Share |
EUR |
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Period |
|||||
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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 |
|||||
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Consolidated Accounts |
Y |
- |
Y |
- |
Y |
|
Turnover |
25,601,257 |
-66.0% |
75,260,971 |
98.4% |
37,932,392 |
|
Export |
- |
- |
- |
- |
- |
|
Cost of Sales |
24,119,318 |
-55.1% |
53,719,779 |
70.9% |
31,441,344 |
|
Gross Profit |
1,481,939 |
-93.1% |
21,541,192 |
231.9% |
6,491,048 |
|
Operating Profit |
-3,432,454 |
-129.1% |
11,811,880 |
893.1% |
1,189,378 |
|
Pre-Tax Profit |
-3,521,779 |
-130.5% |
11,554,202 |
1,138.6% |
932,866 |
|
Tax |
1,013,801 |
160.7% |
-1,669,134 |
-1,108.4% |
-138,126 |
|
Post-Tax Profit |
-2,507,978 |
-125.4% |
9,885,068 |
1,143.8% |
794,740 |
|
Dividends |
0 |
- |
0 |
-100.0% |
25,000 |
|
Retained Profit |
-2,507,978 |
-125.4% |
9,885,068 |
1,184.2% |
769,740 |
|
Interest Payable |
91,532 |
-69.1% |
296,698 |
4.5% |
283,961 |
|
Directors Remuneration |
689,332 |
-82.9% |
4,026,153 |
369.3% |
857,931 |
|
Wages & Salaries |
2,556,805 |
-65.0% |
7,304,929 |
109.0% |
3,494,574 |
|
Depreciation of Tangibles |
467,207 |
3.5% |
451,489 |
8.8% |
415,061 |
|
Auditor Fees |
24,120 |
-3.3% |
24,950 |
-11.7% |
28,271 |
|
Capitals & Reserves |
|||||
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Called up Share Capital |
164,742 |
0.0% |
164,742 |
0.0% |
164,742 |
|
P&L Account Reserve |
14,789,590 |
-14.5% |
17,297,568 |
133.4% |
7,412,500 |
|
Sundry Reserves |
2,648,917 |
-10.0% |
2,943,757 |
51.7% |
1,940,473 |
|
Revaluation Reserve |
0 |
- |
0 |
- |
0 |
|
Shareholder Funds |
17,603,249 |
-13.7% |
20,406,067 |
114.4% |
9,517,715 |
|
Net Worth |
17,603,249 |
-13.7% |
20,406,067 |
114.4% |
9,517,715 |
|
Miscellaneous |
|||||
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Net Cashflow from Operations |
4,800,827 |
492.1% |
810,874 |
-79.0% |
3,858,391 |
|
Net Cashflow before Financing |
-255,737 |
-20.8% |
-211,662 |
-27.7% |
-165,773 |
|
Net Cashflow from Financing |
-255,737 |
-20.8% |
-211,662 |
-27.7% |
-165,773 |
|
Capital Employed |
18,684,907 |
-14.8% |
21,937,749 |
97.5% |
11,108,549 |
|
No of Employees |
50 |
4.2% |
48 |
17.1% |
41 |
|
Balance Sheet |
|||||
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Tangible Assets |
6,778,931 |
-3.8% |
7,044,882 |
0.4% |
7,016,059 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
6,778,931 |
-3.8% |
7,044,882 |
0.4% |
7,016,059 |
|
Stocks & Work-in-Progress |
5,850,983 |
-66.6% |
17,502,767 |
204.7% |
5,743,587 |
|
Debtors |
|||||
|
- Trade Debtors |
3,036,706 |
-59.5% |
7,491,976 |
45.2% |
5,159,035 |
|
Cash |
3,185,491 |
274.6% |
850,391 |
-76.6% |
3,634,472 |
|
Misc. Current Assets |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
|
|
|
|
|
|
Creditors |
|||||
|
- Trade Creditors |
557,063 |
-84.4% |
3,572,610 |
-18.8% |
4,400,937 |
|
- Bank Overdraft |
328,203 |
-66.8% |
988,165 |
-70.2% |
3,315,863 |
|
Increase in Cash |
2,335,100 |
183.9% |
-2,784,081 |
- |
0 |
|
Total Current Liabilities |
1,679,872 |
-85.5% |
11,624,211 |
0.8% |
11,527,812 |
|
Other Short Term Loans |
0 |
-100.0% |
1,474,206 |
48.9% |
990,193 |
|
Miscellaneous Current
Liabilities |
794,606 |
-85.8% |
5,589,230 |
98.1% |
2,820,819 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
|
Total Long Term Liabilities |
1,081,658 |
-29.4% |
1,531,682 |
-3.7% |
1,590,834 |
|
Overdraft Long Term Liabilities |
1,409,861 |
-44.0% |
2,519,847 |
-48.6% |
4,906,697 |
|
Liabilities |
2,761,530 |
-79.0% |
13,155,893 |
0.3% |
13,118,646 |
|
Net Assets |
17,603,249 |
-13.7% |
20,406,067 |
114.4% |
9,517,715 |
|
Working Capital |
11,905,976 |
-20.1% |
14,892,867 |
263.9% |
4,092,490 |
|
Current Assets |
13,585,848 |
-48.8% |
26,517,078 |
69.8% |
15,620,302 |
|
Other Current Assets |
1,512,668 |
125.1% |
671,944 |
-38.0% |
1,083,208 |
|
Ratios |
|||||
|
Date To |
31/12/2009 |
% |
31/12/2008 |
% |
31/12/2007 |
|
Trading Performance |
|||||
|
Pre-Tax Profit Margin |
-13.8 % |
- |
15.4 % |
- |
2.5 % |
|
Return on Capital Employed |
-18.8 % |
- |
52.7 % |
- |
8.4 % |
|
Return on Total Assets Employed |
-17.3 % |
- |
34.4 % |
- |
4.1 % |
|
Return on Net Assets Employed |
-20.0 % |
- |
56.6 % |
- |
9.8 % |
|
Sales/Net Working Capital |
2.15 |
- |
5.05 |
- |
9.27 |
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Operating Efficiency |
|||||
|
Stock Turnover Ratio |
22.9 % |
- |
23.3 % |
- |
15.1 % |
|
Debtor Days |
43.29 |
- |
36.33 |
- |
49.64 |
|
Creditor Days |
7.94 |
- |
17.33 |
- |
42.35 |
|
Short Term Stability |
|||||
|
Current Ratio |
8.09 |
- |
2.28 |
- |
1.36 |
|
Liquidity Ratio/Acid Ratio |
4.60 |
- |
0.77 |
- |
0.86 |
|
Current Debt Ratio |
0.1 % |
- |
0.6 % |
- |
1.2 % |
|
Long Term Stability |
|||||
|
Gearing |
8.0 % |
- |
12.3 % |
- |
51.6 % |
|
Equity in Percentage |
86.4 % |
- |
60.8 % |
- |
42.0 % |
|
Total Debt Ratio |
0.2 % |
- |
0.6 % |
- |
1.4 % |
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 |
||
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Parent Company Name |
BARCLAY CHEMICALS (HOLDINGS) LIMITED |
|
|
Number of company in Group |
4 |
|
|
Company Name |
Company Number |
Accounts Date |
|
BARCLAY
CHEMICALS (HOLDINGS) LIMITED |
IE115017 |
31/12/2009 |
|
BARCLAY
CHEMICALS LIMITED |
IE061278 |
31/12/2009 |
|
BARCLAY
CHEMICALS MANUFACTURING LIMITED |
IE111664 |
31/12/2009 |
|
BRANCH
CONSULTING LIMITED |
IE414113 |
31/12/2009 |
Company History
|
Event History |
|
|
Date |
Description |
|
02/12/2010 |
New Accounts Filed |
|
01/12/2010 |
Annual Returns |
|
05/05/2010 |
Annual Returns |
|
06/07/2009 |
Annual Returns |
|
06/07/2009 |
New Accounts Filed |
|
04/08/2008 |
Annual Returns |
|
04/08/2008 |
New Accounts Filed |
|
Status History |
|
|
No status history for this company. |
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Directors
|
Director |
|
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Directors Title |
|
|
Name of Director |
LISA SHEERAN |
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Address of Director |
22, FARMLEIGH CLOSE,, FARMLEIGH WOOD,,
CASTLEKNOCK,, |
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Postcode of Director |
|
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Date of Birth |
22/05/1972 |
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Nationality of Director |
|
|
Director Honours |
|
|
Present Appointments |
10 |
|
Function |
Company
Secretary |
|
Appointment Date |
29/01/2004 |
|
Director |
|
|
Directors Title |
|
|
Name of Director |
PHILIP SHERIDAN |
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Address of Director |
CONVENT LANE,,
COAST ROAD,, PORTMARNOCK,, CO. |
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Postcode of Director |
|
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Date of Birth |
03/06/1944 |
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Nationality of Director |
|
|
Director Honours |
|
|
Present Appointments |
12 |
|
Function |
Director |
|
Appointment Date |
30/06/1986 |
|
Director |
|
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Directors Title |
|
|
Name of Director |
NUALA |
|
Address of Director |
CONVENT LANE,
COAST RD, PORTMARNOCK, CO |
|
Postcode of Director |
|
|
Date of Birth |
06/08/1947 |
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Nationality of Director |
|
|
Director Honours |
|
|
Present Appointments |
15 |
|
Function |
Director |
|
Appointment Date |
08/06/1998 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.99 |
|
|
1 |
Rs.73.24 |
|
Euro |
1 |
Rs.62.80 |
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 |
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.