MIRA INFORM REPORT

Report Date :

05.05.2011

IDENTIFICATION DETAILS

Name :	PORTLAOISE STONE CENTRE LIMITED

Registered Office :	Kellyville Centre, Portlaoise, Co Laois, Co. Laois 553226

Country :	Ireland

Financials (as on) :	31.12.2009

Date of Incorporation :	17.12.2003

Com. Reg. No.:	IE379617

Legal Form :	Private Limited By Shares

Line of Business :	----

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	50,000 (€)
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 – December 31, 2010

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

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 Name	PORTLAOISE STONE CENTRE LIMITED
Company Number	IE379617
Telephone Number
Address	KELLYVILLE CENTRE, PORTLAOISE, CO LAOIS, CO. LAOIS
Town Code	553226
Company Type	PRIVATE LIMITED BY SHARES
Incorporation Date	17/12/2003

CREDIT RECOMENDATION

Current Credit Limit: 50,000

Credit Information
Limit (€)	50,000

DIRECTORS/MANAGEMENT

Director Summary
Directorships		3
Total Directorships		5
Directors Title
Name of Director	JENNY SWAYNE
Address of Director	68 DUN MASC, PORTLAOISE, CO. LAOIS
Postcode of Director
Date of Birth	19/02/1975
Nationality of Director
Director Honours
Present Appointments	2
Function	Company Secretary
Appointment Date	18/12/2003
Director
Directors Title
Name of Director	JENNY SWAYNE
Address of Director	68 DUN MASC, PORTLAOISE, CO. LAOIS
Postcode of Director
Date of Birth	19/02/1975
Nationality of Director
Director Honours
Present Appointments	2
Function	Director
Appointment Date	17/12/2003
Director
Directors Title
Name of Director	TERRY SWAYNE
Address of Director	68 DUN MASC, PORTLAOISE, CO. LAOIS
Postcode of Director
Date of Birth	13/07/1969
Nationality of Director
Director Honours
Present Appointments	1
Function	Director
Appointment Date	17/12/2003

NEGATIVE INFORMATION

No negative information found.

SHARE & SHARE CAPITAL INFORMATION

Shareholders information
Shares Held	100
Currency of Share	XEU

Name of Shareholder	JENNY SWAYNE
Nominal Value of each Share
Currency of Share	XEU

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

Financial Information
Date	31/12/2009	%	31/12/2008	%	31/12/2007
Currency	NaN		NaN		NaN
Turnover	0	-	0	-	0
Shareholder Equity	640,306	-13.2%	737,930	36.7%	539,753
Number of employees	0	-	0	-	0

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	115,250	-10.0%	128,086	75.5%	72,969
Wages & Salaries	-	-	-	-	-
Depreciation of Tangibles	37,035	-4.5%	38,782	13.5%	34,174
Auditor Fees	0	-	0	-	0

Capitals & Reserves
Called up Share Capital	100	0.0%	100	0.0%	100
P&L Account Reserve	640,206	-13.2%	737,830	36.7%	539,653
Sundry Reserves	0	-	0	-	0
Revaluation Reserve	0	-	0	-	0
Shareholder Funds	640,306	-13.2%	737,930	36.7%	539,753
Net Worth	640,306	-13.2%	737,930	36.7%	539,753

Miscellaneous
Net Cashflow from Operations	0	-	0	-	0
Net Cashflow before Financing	0	-	0	-	0
Net Cashflow from Financing	0	-	0	-	0
Capital Employed	651,388	-14.7%	763,931	30.2%	586,743
No of Employees	0	-	0	-	0

Balance Sheet
Tangible Assets	177,295	-9.8%	196,464	1.5%	193,631
Intangible Assets	0	-	0	-	0
Total Fixed Assets	177,295	-9.8%	196,464	1.5%	193,631
Stocks & Work-in-Progress	25,655	360.2%	5,575	-84.4%	35,850
Debtors
- Trade Debtors	338,150	-26.2%	458,317	28.9%	355,426
Cash	179,151	-9.2%	197,410	-6.2%	210,532
Misc. Current Assets	0	-	0	-	0
Total Current Assets
Creditors
- Trade Creditors	26,798	-48.9%	52,466	-74.9%	208,696
- Bank Overdraft	0	-	0	-	0
Increase in Cash	-18,259	-39.1%	-13,122	-	0
Total Current Liabilities	68,863	-26.6%	93,835	-55.0%	208,696
Other Short Term Loans	42,065	1.7%	41,369	-	0
Miscellaneous Current Liabilities	0	-	0	-	0
Other Long Term Finance	0	-	0	-	0
Total Long Term Liabilities	11,082	-57.4%	26,001	-44.7%	46,990
Overdraft Long Term Liabilities	11,082	-57.4%	26,001	-44.7%	46,990
Liabilities	79,945	-33.3%	119,836	-53.1%	255,686
Net Assets	640,306	-13.2%	737,930	36.7%	539,753
Working Capital	474,093	-16.5%	567,467	44.4%	393,112
Current Assets	542,956	-17.9%	661,302	9.9%	601,808
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	7.88	-	7.05	-	2.88
Liquidity Ratio/Acid Ratio	7.51	-	6.98	-	2.71
Current Debt Ratio	0.1 %	-	0.1 %	-	0.4 %
Long Term Stability
Gearing	1.7 %	-	3.5 %	-	8.7 %
Equity in Percentage	88.9 %	-	86.0 %	-	67.9 %
Total Debt Ratio	0.1 %	-	0.2 %	-	0.5 %

FOREIGN EXCHANGE RATES

ADDITIONAL INFORMATION

Company Information

Address Information
Company Name	PORTLAOISE STONE CENTRE LIMITED
Company Number	IE379617
Registered Office Address	KELLYVILLE CENTREPORTLAOISECO LAOISCO. LAOIS
Registered Office Post Code	553226
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	90-15-97

Other Information
Website Address
Incorporation Date	17/12/2003
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	30/09/2010

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

CCJ Summary

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

Company History

Event History
Date	Description
04/12/2010	New Accounts Filed
04/12/2010	New Accounts Filed
03/12/2010	Annual Returns
04/11/2009	Annual Returns
04/11/2009	New Accounts Filed
04/11/2009	New Accounts Filed
29/10/2008	New Accounts Filed
28/10/2008	Annual Returns

Status History

No status history for this company.

Image Accounts

Accounts Images
31-12-2009	view document
31-12-2008	view document
31-12-2007	view document
31-12-2006	view document

Returns Images
31-12-2009	view document
31-12-2008	view document
31-12-2007	view document
31-12-2006	view document

Other Images

No more image documents for this company.

NOTES & COMMENTS

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.59
UK Pound	1	Rs.73.42
Euro	1	Rs.66.04

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.