MIRA INFORM REPORT

 

 

Report Date :           

23.11.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

TIPPERARY GARDEN PEAT LIMITED

 

 

Registered Office :

Macloon, Terryglass, Nenagh, Cotipperary, Post Code 499621

 

 

Country :

Ireland

 

 

Financials (as on) :

30.06.2010

 

 

Date of Incorporation :

04.04.1991

 

 

Com. Reg. No.:

IE172035

 

 

Legal Form :

Private Limited By Shares

 

 

Line of Business :

The harvesting and manufacture of peat 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

 

Maximum Credit Limit :

50,000 Euro

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 30th, 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 Summary

Company Summary

Company Name

TIPPERARY GARDEN PEAT LIMITED

Company Number

IE172035

Telephone Number

06722299

Address

MACLOON, TERRYGLASS, NENAGH, COTIPPERARY

Town Code

499621

Company Type

PRIVATE LIMITED BY SHARES

Incorporation Date

04/04/1991

 

 

Company Information

Address Information

Company Name

TIPPERARY GARDEN PEAT LIMITED

Company Number

IE172035

Registered Office Address

MACLOONTERRYGLASSNENAGHCOTIPPERARY

Registered Office Post Code

499621

Registered Telephone No.

06722299

TPS Registered

Y

Trading Address

 

Trading Postal Code

 

Trading Telephone Number

 

TPS Registered

 

 

 

CREDIT RECOMENDATION

 

Current Credit Limit: 50,000 Euro

 

 

DIRECTORS/MANAGEMENT

 

Directors

Directors Title

 

Name of Director

ANNE TIERNEY

Address of Director

MACCOON, TERRYGLASS, NENAGH, TIPERARY

Postcode of Director

 

Date of Birth

23/11/1958

Nationality of Director

 

Director Honours

 

Present Appointments

2

Function

Company Secretary

Appointment Date

16/12/2006

 

 

Director

Directors Title

 

Name of Director

ANNE TIERNEY

Address of Director

MACCOON, TERRYGLASS, NENAGH, TIPERARY

Postcode of Director

 

Date of Birth

23/11/1958

Nationality of Director

 

Director Honours

 

Present Appointments

2

Function

Director

Appointment Date

16/12/2006

 

 

Director

Directors Title

 

Name of Director

THOMAS HOGAN

Address of Director

MACLOON,, TERRYGLASS,, NENAGH, CO. TIPPERARY.

Postcode of Director

 

Date of Birth

 

Nationality of Director

 

Director Honours

 

Present Appointments

2

Function

Director

Appointment Date

05/04/1991

Director Summary

 

Directorships

3

 

Total Directorships

6

 

 

 

NEGATIVE INFORMATION

 

CCJ Summary

CCJ Summary

CCJ's Amount

0

CCJ's Value (€)

0

Writs

0

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Shareholders information

Shares Held

3

Currency of Share

EUR

 

Name of Shareholder

ANNE TIERNEY

Nominal Value of each Share

 

Currency of Share

EUR

 

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

 

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

0

-

0

-

0

Depreciation of Tangibles

76,343

-11.3%

86,116

22.0%

70,578

Auditor Fees

0

-

0

-

0

 

 

Capitals & Reserves

Called up Share Capital

3

0.0%

3

0.0%

3

P&L Account Reserve

930,413

37.4%

677,359

21.7%

556,659

Sundry Reserves

0

-

0

-

0

Revaluation Reserve

0

-

0

-

0

Shareholder Funds

930,416

37.4%

677,362

21.7%

556,662

Net Worth

930,416

37.4%

677,362

21.7%

556,662

 

 

Miscellaneous

Net Cashflow from Operations

0

-

0

-

0

Net Cashflow before Financing

0

-

0

-

0

Net Cashflow from Financing

0

-

0

-

0

Capital Employed

994,679

29.6%

767,657

15.6%

664,015

No of Employees

0

-

0

-

0

 

 

Balance Sheet

Tangible Assets

586,244

-9.5%

647,711

19.1%

544,060

Intangible Assets

0

-

0

-

0

Total Fixed Assets

586,244

-9.5%

647,711

19.1%

544,060

Stocks & Work-in-Progress

197,361

-1.6%

200,511

-18.2%

245,141

Debtors

- Trade Debtors

543,119

16.3%

467,022

-6.2%

498,076

Cash

179,147

141.2%

74,286

438.7%

13,790

Misc. Current Assets

0

-

0

-

0

Total Current Assets

 

 

 

 

 

Creditors

- Trade Creditors

511,192

-17.8%

621,873

-2.4%

637,052

- Bank Overdraft

0

-

0

-

0

Increase in Cash

104,861

73.3%

60,496

-

0

Total Current Liabilities

511,192

-17.8%

621,873

-2.4%

637,052

Other Short Term Loans

0

-

0

-

0

Miscellaneous Current Liabilities

0

-

0

-

0

Other Long Term Finance

0

-

0

-

0

Total Long Term Liabilities

64,263

-28.8%

90,295

-15.9%

107,353

Overdraft Long Term Liabilites

64,263

-28.8%

90,295

-15.9%

107,353

Liabilities

575,455

-19.2%

712,168

-4.3%

744,405

Net Assets

930,416

37.4%

677,362

21.7%

556,662

Working Captial

408,435

240.5%

119,946

0.0%

119,955

Current Assets

919,627

24.0%

741,819

-2.0%

757,007

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

1.80

-

1.19

-

1.19

Liquidity Ratio/Acid Ratio

1.41

-

0.87

-

0.80

Current Debt Ratio

0.5 %

-

0.9 %

-

1.1 %

Long Term Stability

Gearing

6.9 %

-

13.3 %

-

19.3 %

Equity in Percentage

61.8 %

-

48.7 %

-

42.8 %

Total Debt Ratio

0.6 %

-

1.1 %

-

1.3 %

Financial Information

Date

30/06/2010

%

30/06/2009

%

30/06/2008

Currency

NaN

 

NaN

 

NaN

Turnover

0

-

0

-

0

Shareholder Equity

930,416

37.4%

677,362

21.7%

556,662

Number of employees

0

-

0

-

0

 

 

FOREIGN EXCHANGE RATES

 

Na

 

 

ADDITIONAL INFORMATION

 

Auditor/Banker's Information

Auditor Name

 

Auditor Qualification

No Adverse Comments

Banker Name

BANK OF IRELAND

Banker Sort Code

90-43-68

Other Information

Website Address

 

Incorporation Date

04/04/1991

Company Type

PRIVATE LIMITED BY SHARES

Type of Accounts

Small Company

Date of Latest Accounts

30/06/2010

Filing Date of Accounts

 

Annual Reurn Date

31/12/2010

 

 

Industry Information

Industry Description

The harvesting and manufacture of peat products.

 

 

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

 

 

Company History

Event History

Date

Description

15/01/2011

Annual Returns

15/01/2011

New Accounts Filed

01/02/2010

Annual Returns

29/01/2010

New Accounts Filed

17/02/2009

Annual Returns

17/02/2009

New Accounts Filed

 

 

Status History

No status history for this company.

 

 

Image Accounts

Accounts Images

30-06-2010

 

30-06-2009

 

30-06-2008

 

30-06-2007

 

 

 

Returns Images

30-06-2010

 

30-06-2009

 

30-06-2008

 

30-06-2007

 

 

 

Other Images

22-11-2007

B10 CHANGE IN DIRS/SEC

 

16-11-2007

B72 AUDITOR'S NOTICE BEFORE COMPANY CLAIMS AUDIT

 

 

 

NOTES & COMMENTS

 

Na

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.72

UK Pound

1

Rs.81.42

Euro

1

Rs.68.89

 

 

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.