MIRA INFORM REPORT

 

 

Report Date :

15.11.2011

 

IDENTIFICATION DETAILS

 

Name :

CAMIDA LIMITED

 

 

Registered Office :

Tower House Newquay Clonmel

 

 

Country :

Ireland

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

23.12.1988

 

 

Com. Reg. No.:

E0138561

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Wholesale of chemical products

 

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

 

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Ireland

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name and address

 

Top of Form

Bottom of Form

Camida Limited

                                                                                                                                                 

 

Tower House

Newquay

 

Clonmel,

Ireland

 

Tel:

+353 52 25455

 

www.camida.com

 

Employees:

25

Company Type:

Private Subsidiary

Corporate Family:

2 Companies

Ultimate Parent:

Camida Holdings Limited

 

 

Incorporation Date:

23-Dec-1988

Auditor:

PricewaterhouseCoopers

Financials in:

USD (mil)

 

 

Fiscal Year End:

31-Dec-2009

Reporting Currency:

Euro

Annual Sales:

18.2

Total Assets:

6.6

                                     

Business Description       

 

CAMIDA Limited is a supplier of chemical products to the pharmaceutical, agrochemical and petrochemical industries. The company offers a range of natural extracts, reagents and solvents for printing and surface coating applications. In addition, it supplies inorganic salts, organic intermediates, antioxidants and vitamins to the food and healthcare sectors. The company provides logistics, technical support, and product management and sourcing services to its clients. It additionally supplies various resins, pharmaceutical substances and chemical products to the domestic and international markets.

          

Industry                                                                                                                               

 

Industry

Chemical Manufacturing

ANZSIC 2006:

3323 - Industrial and Agricultural Chemical Product Wholesaling

NACE 2002:

5155 - Wholesale of chemical products

NAICS 2002:

4246 - Chemical and Allied Products Merchant Wholesalers

UK SIC 2003:

5155 - Wholesale of chemical products

US SIC 1987:

516 - Chemicals and Allied Products

                      

Key Executives           

   

 

Name

Title

Deirdre Mc Grath

Secretary

David Anchell

Director

Brendan Hanniffy

Director

Noel Hastings

Director

Maurice Anthony Healy

Director

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7190468
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6969855

 


Corporate Overview

 

Location
Tower House
Newquay
Clonmel, Ireland

 

Tel:

+353 52 25455

 

www.camida.com

Sales EUR(mil):

13.1

Assets EUR(mil):

4.6

Employees:

25

Fiscal Year End:

31-Dec-2009

 

Industry:

Chemical Manufacturing

Incorporation Date:

23-Dec-1988

Company Type:

Private Subsidiary

Quoted Status:

Not Quoted

Registered No.(IRE):

E0138561

 

Director:

David Anchell

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

3323

-

Industrial and Agricultural Chemical Product Wholesaling

 

NACE 2002 Codes:

5155

-

Wholesale of chemical products

 

NAICS 2002 Codes:

4246

-

Chemical and Allied Products Merchant Wholesalers

 

US SIC 1987:

516

-

Chemicals and Allied Products

 

UK SIC 2003:

5155

-

Wholesale of chemical products

 

 

Business Description

CAMIDA Limited is a supplier of chemical products to the pharmaceutical, agrochemical and petrochemical industries. The company offers a range of natural extracts, reagents and solvents for printing and surface coating applications. In addition, it supplies inorganic salts, organic intermediates, antioxidants and vitamins to the food and healthcare sectors. The company provides logistics, technical support, and product management and sourcing services to its clients. It additionally supplies various resins, pharmaceutical substances and chemical products to the domestic and international markets.

 

 

 

 

 

 

 

 

Financial Data

 

Financials in:

EUR(mil)

 

Revenue:

13.1

Assets:

4.6

Total Liabilities:

2.7

 

Working Capital:

0.8

 

Net Worth:

1.9

 

 

 

Date of Financial Data:

31-Dec-2009

 

1 Year Growth

NA

NA

 

 

Key Corporate Relationships

Auditor:

PricewaterhouseCoopers

 

Auditor:

PricewaterhouseCoopers

 

 

 

 

 

 

 

 

 

 

Corporate Structure News

 

Camida Limited
Total Corporate Family Members: 2

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Camida Holdings Limited

Parent

 

 

 

 

 

Camida Limited

Subsidiary

Clonmel

Ireland

Chemical Manufacturing

18.2

25

 

 

 

 

 

Executives Report

 

 

Board of Directors

 

Name

Title

Function

David Anchell

 

Director

Director/Board Member

Brendan Hanniffy

 

Director

Director/Board Member

Noel Hastings

 

Director

Director/Board Member

Maurice Anthony Healy

 

Director

Director/Board Member

Orla Heenan

 

Director

Director/Board Member

Bernard Pollard

 

Director

Director/Board Member

 

Executives

 

Name

Title

Function

Deirdre Mc Grath

 

Secretary

Company Secretary

 

 

 

Annual Profit & Loss

 

 

 

 

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

EUR

EUR

EUR

EUR

Exchange Rate (Period Average)

0.719047

0.683679

0.730637

0.796979

Consolidated

No

No

No

No

 

 

 

 

 

Turnover

18.2

24.2

26.3

23.3

Cost of Sales

14.4

19.2

20.7

18.9

Gross Profit

3.8

5.0

5.6

4.4

Operating Profit

0.2

1.0

1.7

1.4

Interest Expenses

0.1

0.2

0.2

0.2

Pretax Profit

0.0

0.8

1.5

1.2

Taxation

0.1

0.1

0.2

0.2

Profit after Tax

0.0

0.6

1.2

1.0

Dividends Payable

0.3

0.4

0.4

0.1

Retained Profits

-0.3

0.2

0.8

0.9

Value Added

2.4

3.2

3.9

3.2

Exports

8.1

11.6

12.5

11.0

Wages And Salaries

1.9

1.8

1.8

1.5

Directors’ Emoluments

0.8

0.9

0.6

0.5

Auditors Fees

0.0

0.0

0.0

0.0

Depreciation

0.2

0.2

0.2

0.2

Number of Employees

25

21

21

23

 

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

 

 

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Filed Currency

EUR

EUR

EUR

EUR

Exchange Rate

0.696986

0.719399

0.683971

0.758351

Consolidated

No

No

No

No

 

 

 

 

 

Tangible Assets

2.9

2.8

2.3

2.0

Total Fixed Assets

2.9

2.8

2.3

2.0

Stocks

1.0

1.4

1.4

1.2

Trade Debtors

2.5

1.7

2.9

4.1

Cash

0.1

0.4

0.3

0.2

Miscellaneous Current Assets

0.1

0.4

0.4

0.2

Other Current Assets

0.2

0.8

0.7

0.4

Total Current Assets

3.7

3.9

4.9

5.7

Total Assets

6.6

6.7

7.2

7.7

Net assets

4.1

4.4

3.8

2.9

Total Current Liabilities

2.6

2.3

3.3

4.8

Total Debt

2.7

2.6

1.6

3.5

Total Long Term Liabilities

1.3

1.4

0.9

1.0

Total Liabilities

3.9

3.7

4.2

5.8

Share Capital And Other Reserves

-

-

0.0

0.0

Profit & Loss Account Reserve

2.0

2.2

2.2

1.2

Revaluation Reserve

0.8

0.8

0.8

0.7

Shareholders Funds

2.8

3.0

2.9

1.8

Capital Employed

4.1

4.4

3.8

2.9

Net Worth

2.8

3.0

2.9

1.8

Working Capital

1.2

1.5

1.5

0.9

Fixed Assets

2.9

2.8

2.3

2.0

Liquid Assets

2.7

2.5

3.5

4.5

Trade Creditors

1.1

1.1

2.4

2.2

Bank Overdraft

0.2

0.1

0.1

0.2

Miscellaneous Current Liabilities

1.3

1.2

0.8

2.4

    Other Short Term Finance

1.3

1.1

0.6

2.3

Other Current Liabilities

0.1

0.1

0.3

0.1

Short Term Loans

1.4

1.2

0.7

2.5

    Long Term Loans

1.3

1.4

0.9

1.0

Other Long Term Finance

1.3

1.4

0.9

1.0

Sundry Reserves (incl. Grants)

-

-

0.0

0.0

 

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

 

 

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

EUR

EUR

EUR

EUR

Exchange Rate (Period Average)

0.719047

0.683679

0.730637

0.796979

Consolidated

No

No

No

No

 

 

 

 

 

Net Cashflow From Operating Activities

0.3

0.7

3.3

0.4

Net Cashflow From ROI & Servicing Of Finance

-0.4

-0.6

-0.6

-0.3

Net Cashflow Before Financing

-0.3

-1.0

2.2

-0.3

Net Cashflow From Financing

0.0

1.2

-2.0

0.0

Increase In Cash

-0.3

0.1

0.1

-0.3

Net Cash

0.0

0.3

0.1

0.0

 

 

 

Annual Ratios

 

 

 

 

 

 

31-Dec-2007

31-Dec-2006

Period Length

52 Weeks

52 Weeks

Filed Currency

-

-

Exchange Rate

-

-

Consolidated

No

No

 

 

 

Current Ratio

1.46

1.19

Liquidity Ratio

1.05

0.93

Stock Turnover

20.68

19.74

Net Worth / Total Liabilities

69.51%

31.59%

Long Term Liab. / Net Worth

0.30

0.55

Pretax Profit / Capital Employed

40.60%

43.57%

Pretax Profit / Total Assets

21.71%

16.23%

Pretax Profit / Turnover

5.53%

5.09%

Debtors Days

37.14

61.04

Creditors Days

30.87

33.22

 

 

 

Bottom of Form

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.08

UK Pound

1

Rs.80.36

Euro

1

Rs.68.83

 

 

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.