MIRA INFORM REPORT

Report Date :

09.05.2011

IDENTIFICATION DETAILS

Name :	S. & N. GRANITE LIMITED

Registered Office :	The Bay, Camolin, Co Wexford, Co. Wexford 216410

Country :	Ireland

Financials (as on) :	31.12.2009

Date of Incorporation :	29.05.2001

Com. Reg. No.:	IE343737

Legal Form :	Private Limited By Shares

Line of Business :	--

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 :	(€) 100,000
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)

Ireland

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	S. & N. GRANITE LIMITED
Company Number	IE343737
Telephone Number
Address	THE BAY, CAMOLIN, CO WEXFORD, CO. WEXFORD
Town Code	216410
Company Type	PRIVATE LIMITED BY SHARES
Incorporation Date	29/05/2001

Company Status Summary
Today's Limit (€)	100,000
Active CCJ's	0
Value of CCJ's (€)	0
Writs	0

Director Summary

Directorships

Total Directorships

Financial Information
Date	31/12/2009	%	31/12/2008	%	31/12/2007
Currency	NaN		NaN		NaN
Turnover	0	-	0	-	0
Shareholder Equity	3,528,600	1.1%	3,490,320	18.7%	2,940,167
Number of employees	0	-	0	-	0

Company Information

Address Information
Company Name	S. & N. GRANITE LIMITED
Company Number	IE343737
Registered Office Address	THE BAYCAMOLINCO WEXFORDCO. WEXFORD
Registered Office Post Code	216410
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

Other Information
Website Address
Incorporation Date	29/05/2001
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	01/09/2010

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

Shareholders information
Shares Held	5
Currency of Share	EUR

Name of Shareholder	MARY NOLAN
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	-	-	-	-	-
Operating Profit	-	-	-	-	-
Pre-Tax Profit	0	-	0	-	0
Tax	-	-	-	-	-
Post-Tax Profit	-	-	-	-	-
Dividends	-	-	-	-	-
Retained Profit	-	-	-	-	-
Interest Payable	-	-	-	-	-
Directors Remuneration	-	-	-	-	-
Wages & Salaries	-	-	-	-	-
Depreciation of Tangibles	63,202	7.5%	58,810	0.0%	58,810
Auditor Fees	0	-	0	-	0

Capitals & Reserves
Called up Share Capital	5	0.0%	5	0.0%	5
P&L Account Reserve	3,528,595	1.1%	3,490,315	18.7%	2,940,162
Sundry Reserves	0	-	0	-	0
Revaluation Reserve	0	-	0	-	0
Shareholder Funds	3,528,600	1.1%	3,490,320	18.7%	2,940,167
Net Worth	3,528,600	1.1%	3,490,320	18.7%	2,940,167

Miscellaneous
Net Cashflow from Operations	0	-	0	-	0
Net Cashflow before Financing	0	-	0	-	0
Net Cashflow from Financing	0	-	0	-	0
Capital Employed	3,897,257	-1.8%	3,967,264	12.7%	3,520,995
No of Employees	0	-	0	-	0

Balance Sheet
Tangible Assets	1,924,018	13.2%	1,698,995	-1.9%	1,732,617
Intangible Assets	0	-	0	-	0
Total Fixed Assets	1,924,018	13.2%	1,698,995	-1.9%	1,732,617
Stocks & Work-in-Progress	1,839,473	-2.2%	1,880,450	39.1%	1,352,082
Debtors
- Trade Debtors	372,159	-30.7%	537,152	-17.8%	653,129
Cash	11,378	-50.2%	22,841	-74.9%	90,995
Misc. Current Assets	0	-	0	-	0
Total Current Assets
Creditors
- Trade Creditors	27,501	-43.1%	48,314	29.9%	37,180
- Bank Overdraft	0	-	0	-	0
Increase in Cash	-11,463	83.2%	-68,154	-	0
Total Current Liabilities	249,771	45.1%	172,174	-44.1%	307,828
Other Short Term Loans	172,908	101.3%	85,901	-55.4%	192,729
Miscellaneous Current Liabilities	49,362	30.0%	37,959	-51.3%	77,919
Other Long Term Finance	368,657	-22.7%	476,944	-17.9%	580,828
Total Long Term Liabilities	368,657	-22.7%	476,944	-17.9%	580,828
Overdraft Long Term Liabilites	368,657	-22.7%	476,944	-17.9%	580,828
Liabilities	618,428	-4.7%	649,118	-27.0%	888,656
Net Assets	3,528,600	1.1%	3,490,320	18.7%	2,940,167
Working Captial	1,973,239	-13.0%	2,268,269	26.8%	1,788,378
Current Assets	2,223,010	-8.9%	2,440,443	16.4%	2,096,206
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	8.90	-	14.17	-	6.81
Liquidity Ratio/Acid Ratio	1.53	-	3.25	-	2.42
Current Debt Ratio	0.1 %	-	0.0 %	-	0.1 %
Long Term Stability
Gearing	10.4 %	-	13.7 %	-	19.8 %
Equity in Percentage	85.1 %	-	84.3 %	-	76.8 %
Total Debt Ratio	0.2 %	-	0.2 %	-	0.3 %

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
10/09/2010	Annual Returns
09/09/2010	New Accounts Filed
09/09/2010	New Accounts Filed
31/08/2009	New Accounts Filed
27/08/2009	Annual Returns
16/06/2009	Annual Returns
02/07/2008	Annual Returns
01/07/2008	Annual Returns
01/07/2008	New Accounts Filed
01/07/2008	New Accounts Filed

Status History

No status history for this company.

Directors

Director
Directors Title
Name of Director	MARY CHRISTINA NOLAN
Address of Director	THE BAY, CAMOLIN, ENNISCORTHY, CO. WEXFORD
Postcode of Director
Date of Birth	31/12/1944
Nationality of Director
Director Honours
Present Appointments	1
Function	Company Secretary
Appointment Date	01/01/2003

Director
Directors Title
Name of Director	MARY CHRISTINA NOLAN
Address of Director	BAYLANDS, CAMOLIN, ENNISCORTHY, CO. WEXFORD
Postcode of Director
Date of Birth	21/12/1944
Nationality of Director
Director Honours
Present Appointments	1
Function	Director
Appointment Date	29/05/2001

Director
Directors Title
Name of Director	MICHAEL NOLAN
Address of Director	BAYLANDS, CAMOLIN, ENNISCORTHY, CO. WEXFORD
Postcode of Director
Date of Birth	03/01/1944
Nationality of Director
Director Honours
Present Appointments	1
Function	Director
Appointment Date	29/05/2001

Image Accounts

Accounts Images
31-12-2009
31-12-2008
31-12-2007

Returns Images
31-12-2009
05-06-2009
31-12-2008
31-12-2007

Other Images

05-06-2009

B73 REQUEST TO CHANGE A COMPANYS NARD

31-03-2009

B72 AUDITOR'S NOTICE BEFORE COMPANY CLAIMS AUDIT

Creditsafe CreditNet

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.78
UK Pound	1	Rs.73.43
Euro	1	Rs.65.27

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.