MIRA INFORM REPORT

 

 

Report Date :           

27.05.2011

 

IDENTIFICATION DETAILS

 

Name :

JIM QUIRKE ENGINEERING LIMITED

 

 

Registered Office :

Killoughternane, Bagnelstown, Co Carlow, Co. Carlow, Town Code 137608

 

 

Country :

Ireland

 

 

Financials (as on) :

30.06.2010

 

 

Date of Incorporation :

28.06.1997

 

 

Com. Reg. No.:

IE268089          

 

 

Legal Form :

Single Member Private Company Limited By Shares

 

 

Line of Business :

----

 

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 :

(€) 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 – 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

 

 Bottom of Form

 

Company Summary

 

Company Summary

Company Name

JIM QUIRKE ENGINEERING LIMITED

Company Number

IE268089

Telephone Number

0599773302

Address

KILLOUGHTERNANE, BAGNELSTOWN, CO CARLOW, CO. CARLOW

Town Code

137608

Company Type

SINGLE MEMBER PRIVATE COMPANY LIMITED BY SHARES

Incorporation Date

28/06/1997

 

 

Company Status Summary

Company Status

Active - Accounts Filed

Limit (€)

100,000

Active CCJ's

0

Value of CCJ's (€)

0

Writs

0

 

 

Director Summary

Directorships

3

Total Directorships

11

 

 

Financial Information

Date

30/06/2010

%

30/06/2009

%

30/06/2008

Currency

NaN

 

NaN

 

NaN

Turnover

0

-

0

-

0

Shareholder Equity

1,742,504

11.4%

1,564,008

10.4%

1,416,109

Number of employees

0

-

0

-

0

 

 

Company Information

 

Address Information

Company Name

JIM QUIRKE ENGINEERING LIMITED

Company Number

IE268089

Registered Office Address

KILLOUGHTERNANEBAGNELSTOWNCO CARLOWCO. CARLOW

Registered Office Post Code

137608

Registered Telephone No.

0599773302

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

90-65-15

 

Other Information

Website Address

 

Incorporation Date

28/06/1997

Company Type

SINGLE MEMBER PRIVATE COMPANY LIMITED BY SHARES

Type of Accounts

Small Company

Date of Latest Accounts

30/06/2010

Filing Date of Accounts

 

Annual Return Date

29/03/2011

 

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

1

Currency of Share

EUR

 

Name of Shareholder

JAMES QUIRKE

Nominal Value of each Share

 

Currency of Share

EUR

 

 

Accounts & Ratios

 

Period

Date From

01/07/2009

%

01/07/2008

%

02/07/2007

Date To

30/06/2010

-

30/06/2009

-

30/06/2008

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

28,325

10.1%

25,715

15.5%

22,273

Auditor Fees

0

-

0

-

-

 

Capitals & Reserves

Called up Share Capital

1

0.0%

1

0.0%

1

P&L Account Reserve

1,742,503

11.4%

1,564,007

10.4%

1,416,108

Sundry Reserves

0

-

0

-

0

Revaluation Reserve

0

-

0

-

0

Shareholder Funds

1,742,504

11.4%

1,564,008

10.4%

1,416,109

Net Worth

1,742,504

11.4%

1,564,008

10.4%

1,416,109

 

Miscellaneous

Net Cashflow from Operations

0

-

0

-

0

Net Cashflow before Financing

0

-

0

-

0

Net Cashflow from Financing

0

-

0

-

0

Capital Employed

1,742,504

11.0%

1,570,075

10.0%

1,427,776

No of Employees

0

-

0

-

0

 

 

Balance Sheet

Tangible Assets

1,104,984

79.4%

615,883

-0.5%

618,918

Intangible Assets

0

-

0

-

0

Total Fixed Assets

1,104,984

79.4%

615,883

-0.5%

618,918

Stocks & Work-in-Progress

174,700

108.5%

83,785

-5.4%

88,614

Debtors

- Trade Debtors

458,489

32.5%

346,076

-43.5%

612,587

Cash

148,144

-75.7%

609,885

71.0%

356,559

Misc. Current Assets

0

-100.0%

16,295

-

0

Total Current Assets

 

 

 

 

 

Creditors

- Trade Creditors

61,921

-2.8%

63,705

-45.7%

117,304

- Bank Overdraft

9,019

61.1%

5,600

-26.9%

7,657

Increase in Cash

-461,741

-282.3%

253,326

-

0

Total Current Liabilities

143,813

41.2%

101,849

-59.1%

248,902

Other Short Term Loans

0

-

0

-

0

Miscellaneous Current Liabilities

72,873

123.9%

32,544

-73.7%

123,941

Other Long Term Finance

0

-

0

-

0

Total Long Term Liabilities

0

-100.0%

6,067

-48.0%

11,667

Overdraft Long Term Liabilities

9,019

-22.7%

11,667

-39.6%

19,324

Liabilities

143,813

33.3%

107,916

-58.6%

260,569

Net Assets

1,742,504

11.4%

1,564,008

10.4%

1,416,109

Working Capital

637,520

-33.2%

954,192

18.0%

808,858

Current Assets

781,333

-26.0%

1,056,041

-0.2%

1,057,760

Other Current Assets

0

-

0

-

0

 

 

Ratios

Date To

30/06/2010

%

30/06/2009

%

30/06/2008

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

5.43

-

10.37

-

4.25

Liquidity Ratio/Acid Ratio

4.21

-

9.54

-

3.89

Current Debt Ratio

0.1 %

-

0.1 %

-

0.2 %

Long Term Stability

Gearing

0.5 %

-

0.7 %

-

1.4 %

Equity in Percentage

92.4 %

-

93.5 %

-

84.5 %

Total Debt Ratio

0.1 %

-

0.1 %

-

0.2 %

 

 

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

04/04/2011

New Accounts Filed

02/04/2011

Annual Returns

14/04/2010

Annual Returns

14/04/2010

New Accounts Filed

14/04/2010

New Accounts Filed

15/05/2009

New Accounts Filed

15/05/2009

Annual Returns

01/07/2008

Annual Returns

30/06/2008

New Accounts Filed

 

Status History

No status history for this company.

 

Directors

 

Director

Directors Title

 

Name of Director

JIM QUIRKE

Address of Director

KILLOUGHTERNANE, BAGENALSTOWN, CO CARLOW

Postcode of Director

 

Date of Birth

31/03/1958

Nationality of Director

 

Director Honours

 

Present Appointments

5

Function

Company Secretary

Appointment Date

30/06/1997

 

 

Director

Directors Title

 

Name of Director

JIM QUIRKE

Address of Director

KILLOUGHTERNANE, BAGENALSTOWN, CO CARLOW

Postcode of Director

 

Date of Birth

31/03/1958

Nationality of Director

 

Director Honours

 

Present Appointments

5

Function

Director

Appointment Date

30/06/1997

 

 

Director

Directors Title

 

Name of Director

ANDREW QUIRKE

Address of Director

KILLOUGHTERANE, BAGENALSTOWN, CO. CARLOW

Postcode of Director

 

Date of Birth

19/12/1982

Nationality of Director

 

Director Honours

 

Present Appointments

1

Function

Director

Appointment Date

28/03/2003

 

 

Image Accounts

 

Accounts Images

30-06-2010

 

30-06-2009

 

30-06-2008

 

30-06-2007

 

30-06-2006

 

 

Returns Images

30-06-2010

 

30-06-2009

 

30-06-2008

 

30-06-2007

 

30-06-2006

 

 

Other Images

19-10-2009

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FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.29

UK Pound

1

Rs.73.84

Euro

1

Rs.64.18

 

 

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.