MIRA INFORM REPORT

 

 

Report Date :

17.11.2011

 

IDENTIFICATION DETAILS

 

Name :

ISAAC HAMILTON & SONS LIMITED

 

 

Registered Office :

25 Glasdrumman Road Annalong Newry BT34 4QJ

 

 

Country :

Ireland

 

 

Financials (as on) :

30.09.2010

 

 

Date of Incorporation :

01.10.1948

 

 

Legal Form :

Private Limited With Share Capital

 

 

Line of Business :

Cutting, Shaping & Finishing of Stone

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

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 :

£  100,000

 

 

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 – 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

 

REGISTERED NAME & COMPANY SUMMARY

 

Company Name

ISAAC HAMILTON & SONS LIMITED

Company Number

NI002581

 

 

Safe Number

UK07002459

Registered Address

25 GLASDRUMMAN ROAD

Trading Address

25 Glasdrumman Road
Annalong
Newry
Co. Down
BT34 4QJ

 

ANNALONG

 

 

NEWRY

 

 

BT34 4QJ

 

 

 

 

 

Website Address

-

 

 

Telephone Number

02843768206

Fax Number

 

TPS

No

FPS

No

Incorporation Date

01/10/1948

Company Status

Active - Accounts Filed

Previous Name

 

Type

Private limited with Share Capital

Date of Change

-

Filing Date of Accounts

27/06/2011

 

 

Share Capital

£90,000

SIC03

2670

Currency

GBP

SIC03 Description

CUTTING, SHAPING & FINISHING OF STONE

SIC07

23700

SIC07 Description

CUTTING, SHAPING AND FINISHING OF STONE

Principal Activity

Miscellaneous manufacturing industries.

 

CREDIT RECOMENDATION

 

Current Credit Limit: £100,000

Limit History

 

Date

Limit

08/07/2011

£100,000

18/06/2011

£0

05/07/2010

£100,000

19/06/2010

£0

02/06/2010

£100,000

19/08/2009

£33,000

09/08/2009

£32,000

07/08/2009

-

15/06/2009

£0

09/06/2009

£32,000

DIRECTORS/MANAGEMENT

 

Total Current Directors

3

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

0

 

Current Directors

 

Name

Robert Alan Linton

Date of Birth

15/07/1937

Officers Title

Mr

Nationality

British

Present Appointments

4

Function

Director

Appointment Date

01/10/1948

 

 

Address

Packolet,  Ballyardle,  Newry, 

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Clive Robert Russell

Date of Birth

-

Officers Title

Mr

Nationality

British

Present Appointments

4

Function

Director

Appointment Date

01/10/1948

 

 

Address

178 Glassdrumman Road,  Annalong,  Newry,  BT34 4QL

Name

Brian Alexander Robinson

Date of Birth

-

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

01/10/1948

 

 

Address

"Hillmount",  51 Killkeel Road,  Annalong Newry,  BT34 4TJ

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Current Company Secretary

 

Name

Brian Alexander Robinson

Date of Birth

-

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Company Secretary

Appointment Date

01/10/1948

 

 

Address

"Hillmount",  Kilkeel Road,  Annalong,  BT34 4TJ

 

NEGATIVE INFORMATION

 

CCJ

 

Total Number of Exact CCJs -

0

Total Value of Exact CCJs -

 

Total Number of Possible CCJs -

0

Total Value of Possible CCJs -

 

Total Number of Satisfied CCJs -

0

Total Value of Satisfied CCJs -

 

Total Number of Writs -

0

 

 

 

Exact CCJ Details

There are no exact CCJ details

 

Possible CCJ Details

There are no possible CCJ details

 

Writ Details

There are no writ details

 

SHARE & SHARE CAPITAL INFORMATION

 

Top 20 Shareholders

 

Name

Individual Share Value

PAMELA LINTON

29,000 ORDINARY GBP 1.00

ANNE ROBINSON

15,000 ORDINARY GBP 1.00

MR CLIVE RUSSELL

15,000 ORDINARY GBP 1.00

BRIAN ROBINSON

15,000 ORDINARY GBP 1.00

KRISTINE RUSSELL

15,000 ORDINARY GBP 1.00

ROBERT ALAN LINTON

1,000 ORDINARY GBP 1.00

 

PAYMENT INFORMATION

 

Mortgage Summary

 

Outstanding

1

Satisfied

1

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Group Structure Summary

 

Company Name

ISAAC HAMILTON & SONS LIMITED

Company Number

NI002581

Holding Company

-

Ownership Status

 

Ultimate Holding Company

-

Companies in group

-

 

Group structure

 

No group structure

 

 

FINANCIAL INFORMATION

 

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

30/09/2010

-

-

£1,156,988

-

30/09/2009

-

-

£1,261,307

-

30/09/2008

-

-

£1,333,777

-

 

Profit & Loss

 

Date Of Accounts

30/09/10

(%)

30/09/09

(%)

30/09/08

(%)

30/09/07

(%)

30/09/06

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

-

-

-

-

-

-

-

-

-

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

-

-

-

-

-

-

-

-

-

Gross Profit

-

-

-

-

-

-

-

-

-

Wages & Salaries

-

-

-

-

-

-

-

-

-

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

-

-

-

-

-

-

-

-

-

Depreciation

£32,937

-2.2%

£33,663

-6.5%

£35,984

-7.5%

£38,899

-21.4%

£49,504

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-

 

Balance Sheet

 

Date Of Accounts

30/09/10

(%)

30/09/09

(%)

30/09/08

(%)

30/09/07

(%)

30/09/06

Tangible Assets

£812,851

-3.9%

£845,789

-3.2%

£873,336

-4%

£909,319

18.8%

£765,316

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£812,851

-3.9%

£845,789

-3.2%

£873,336

-4%

£909,319

18.8%

£765,316

Stock

£4,000

-21.6%

£5,100

2%

£5,000

-50%

£10,000

-66.6%

£29,950

Trade Debtors

£337,852

-7.1%

£363,490

-10.7%

£407,093

5.6%

£385,358

-24.4%

£509,759

Cash

£188,755

-22.6%

£243,920

-1.2%

£247,000

-3.9%

£257,102

-29.7%

£365,488

Other Debtors

0

-

0

-

0

-

0

-

0

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£530,607

-13.4%

£612,510

-7.1%

£659,093

1%

£652,460

-27.9%

£905,197

Trade Creditors

£186,470

-5.3%

£196,992

-0.8%

£198,652

19%

£166,909

-22.1%

£214,124

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

Other Short Term Finance

0

-

0

-

0

-

0

-

0

Miscellaneous Current Liabilities

0

-

0

-

0

-

0

-

0

Total Current Liabilities

£186,470

-5.3%

£196,992

-0.8%

£198,652

19%

£166,909

-22.1%

£214,124

Bank Loans & Overdrafts and LTL

0

-

0

-

0

-

0

-

0

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

0

-

0

-

0

-

0

-

0

 

Capital & Reserves

 

Date Of Accounts

30/09/10

(%)

30/09/09

(%)

30/09/08

(%)

30/09/07

(%)

30/09/06

Called Up Share Capital

£90,000

-

£90,000

-

£90,000

-

£90,000

-

£90,000

P & L Account Reserve

£1,007,409

-9.3%

£1,110,205

-6%

£1,181,152

-4.8%

£1,240,722

-4.6%

£1,300,718

Revaluation Reserve

£4,579

-25%

£6,102

-20%

£7,625

-16.6%

£9,148

-14.3%

£10,671

Sundry Reserves

£55,000

-

£55,000

-

£55,000

-

£55,000

-

£55,000

Shareholder Funds

£1,156,988

-8.3%

£1,261,307

-5.4%

£1,333,777

-4.4%

£1,394,870

-4.2%

£1,456,389

 

Other Financial Items

 

Date Of Accounts

30/09/10

(%)

30/09/09

(%)

30/09/08

(%)

30/09/07

(%)

30/09/06

Net Worth

£1,156,988

-8.3%

£1,261,307

-5.4%

£1,333,777

-4.4%

£1,394,870

-4.2%

£1,456,389

Working Capital

£344,137

-17.2%

£415,518

-9.8%

£460,441

-5.2%

£485,551

-29.7%

£691,073

Total Assets

£1,343,458

-7.9%

£1,458,299

-4.8%

£1,532,429

-1.9%

£1,561,779

-6.5%

£1,670,513

Total Liabilities

£186,470

-5.3%

£196,992

-0.8%

£198,652

19%

£166,909

-22.1%

£214,124

Net Assets

£1,156,988

-8.3%

£1,261,307

-5.4%

£1,333,777

-4.4%

£1,394,870

-4.2%

£1,456,389

 

Cash Flow

 

Date Of Accounts

30/09/10

(%)

30/09/09

(%)

30/09/08

(%)

30/09/07

(%)

30/09/06

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

Miscellaneous

 

Date Of Accounts

30/09/10

(%)

30/09/09

(%)

30/09/08

(%)

30/09/07

(%)

30/09/06

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£1,156,988

-8.3%

£1,261,307

-5.4%

£1,333,777

-4.4%

£1,394,870

-4.2%

£1,456,389

Number of Employees

-

-

-

-

-

-

-

-

-

Auditors

 

Auditor Comments

The company is exempt from audit

Bankers

FIRST TRUST BANK LTD

Bank Branch Code

93-83-27

 

Ratios

 

Date Of Accounts

30/09/10

30/09/09

30/09/08

30/09/07

30/09/06

Pre-tax profit margin %

-

-

-

-

-

Current ratio

2.85

3.11

3.32

3.91

4.23

Sales/Net Working Capital

-

-

-

-

-

Gearing %

0

0

0

0

0

Equity in %

86.10

86.50

87

89.30

87.20

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

2.82

3.08

3.29

3.85

4.09

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

0.16

0.15

0.14

0.11

0.14

Total Debt Ratio

0.16

0.15

0.14

0.11

0.14

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

 

FOREIGN EXCHANGE RATES

 

Na

 

ADDITIONAL INFORMATION

 

No exact match CCJs are recorded against the company.

The company's credit rating has increased from 26 to 82 which indicates very good creditworthiness.

There has been no significant change in the company's credit limit.

There is insufficient data to indicate a change in this companies percentage of sales.

In the previous 12 month trading period Net Worth decreased by 8.3%.

A 7.9% decline in Total Assets occurred in the previous 12 month trading period.

There is insufficient data to indicate a change in this companies pre-tax profit.

The company saw an decrease in their Cash Balance of 22.6% in the previous 12 month trading period.

The company is exempt from audit.

The company has undergone recent changes in its directorships.

The company is not part of a group.

The negative change in the P&L Account Reserve suggests that the company made a loss after tax and other appropriations.

The company has changed its registered address recently.

The company was established over 62 years ago.

 

Status History

 

No Status History found

 

Event History

 

Date

Description

08/07/2011

New Accounts Filed

07/06/2011

New Board Member Mr C.R. Russell appointed

28/05/2011

Annual Returns

27/09/2010

New Board Member Mr R.A. Linton appointed

25/08/2010

New Company Secretary Mr B.A. Robinson appointed

05/07/2010

New Accounts Filed

04/06/2010

Annual Returns

09/10/2009

New Board Member Mr C. Russel appointed

09/10/2009

New Board Member Mr R.A. Linton appointed

09/10/2009

New Board Member Mr B.A. Robinson appointed

09/10/2009

New Company Secretary Mr B. Robinson appointed

08/10/2009

Change in Reg.Office

09/08/2009

New Accounts Filed

09/06/2009

Annual Returns

31/07/2008

New Accounts Filed

 

Previous Company Names

 

No Previous Names found

 

NOTES & COMMENTS

 

Na

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.90

UK Pound

1

Rs.80.30

Euro

1

Rs.68.47

 

 

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.