MIRA INFORM REPORT

 

 

Report Date :

17.10.2011

 

IDENTIFICATION DETAILS

 

Name :

MURPHY GRANITE & MARBLE MANUFACTURING CO LIMITED

 

 

Registered Office :

Main Street Drimoleague

 

 

Country :

Ireland

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

06.01.1989

 

 

Com. Reg. No.:

E0138774

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

Construction Services

 

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 :

Unknown 

 

 

Litigation :

--

 

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

 

 

Company name & address

 

Top of Form

Bottom of Form

Murphy Granite & Marble Manufacturing Co Limited

                       

 

Main Street

 

 

Drimoleague,

Ireland

 

 

 

Employees:

NA

Company Type:

Private Independent

 

 

Incorporation Date:

06-Jan-1989

Auditor:

Kerry Lehane & Co

Financials in:

USD (mil)

 

 

Fiscal Year End:

31-Dec-2009

Reporting Currency:

Euro

Annual Sales:

NA

Total Assets:

4.8

 

Business Description

 

 

 

Murphy Granite & Marble Manufacturing Co Limited is primarily engaged in the construction activities specialising in one aspect common to different kinds of structures, requiring specialised skills or equipment (construction of foundations, including pile driving; water well drilling and construction, shaft sinking; erection of not self-manufactured steel elements; steel bending; bricklaying and stone setting; scaffolds and work platform erecting and dismantling, including renting of scaffolds and work platforms; erection of chimneys and industrial ovens; de-humidification of buildings; lifting work; work with specialist access requirements necessitating climbing skills and the use of related equipment i.e. working at height on tall structures).

 

 

 

Industry

             

 

Industry

Construction Services

ANZSIC 2006:

32 - Construction Services

NACE 2002:

4525 - Other construction work involving special trades

NAICS 2002:

238 - Specialty Trade Contractors

UK SIC 2003:

4525 - Other construction work involving special trades

US SIC 1987:

179 - Miscellaneous Special Trade Contractors

 

Key Executives   

 

 

Name

Title

Maurice M.G. Murphy

Secretary, Director

Maurice Murphy

Director

William Murphy

Director

Aidan Murphy

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
Main Street
Drimoleague, Co. Cork County
Ireland

 

 

 

 

Sales EUR(mil):

NA

Assets EUR(mil):

3.4

Employees:

NA

Fiscal Year End:

31-Dec-2009

 

Industry:

Construction Services

Incorporation Date:

06-Jan-1989

Company Type:

Private Independent

Quoted Status:

Not Quoted

Registered No.(IRE):

E0138774

 

Secretary, Director:

Maurice M.G. Murphy

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

Industry Codes

 

ANZSIC 2006 Codes:

32

-

Construction Services

 

NACE 2002 Codes:

4525

-

Other construction work involving special trades

 

NAICS 2002 Codes:

238

-

Specialty Trade Contractors

 

US SIC 1987:

179

-

Miscellaneous Special Trade Contractors

 

UK SIC 2003:

4525

-

Other construction work involving special trades

 

 

Business Description

Murphy Granite & Marble Manufacturing Co Limited is primarily engaged in the construction activities specialising in one aspect common to different kinds of structures, requiring specialised skills or equipment (construction of foundations, including pile driving; water well drilling and construction, shaft sinking; erection of not self-manufactured steel elements; steel bending; bricklaying and stone setting; scaffolds and work platform erecting and dismantling, including renting of scaffolds and work platforms; erection of chimneys and industrial ovens; de-humidification of buildings; lifting work; work with specialist access requirements necessitating climbing skills and the use of related equipment i.e. working at height on tall structures).

 

 

 

 

 

 

 

 

 

 

 

Financial Data

 

Financials in:

EUR(mil)

 

Assets:

3.4

Total Liabilities:

0.2

 

Working Capital:

3.2

 

Net Worth:

3.2

 

 

 

Date of Financial Data:

31-Dec-2009

 

1 Year Growth

NA

 

 

 

Key Corporate Relationships

Auditor:

Kerry Lehane & Co

 

Auditor:

Kerry Lehane & Co

 

 

 

 

 

 

 

 

 

 

Executives Report

 

 

Board of Directors

 

Name

Title

Function

Maurice M.G. Murphy

 

Secretary, Director

Director/Board Member

Maurice Murphy

 

Director

Director/Board Member

William Murphy

 

Director

Director/Board Member

Aidan Murphy

 

Director

Director/Board Member

 

Executives

 

Name

Title

Function

Maurice M.G. Murphy

 

Secretary, Director

Company Secretary

 

Annual Financial Reports

 

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

0.1

0.4

0.1

0.4

Total Fixed Assets

0.1

0.4

0.1

0.4

Stocks

0.2

0.4

0.4

0.3

Trade Debtors

-

1.0

1.0

1.0

Cash

3.3

2.7

2.1

1.4

Miscellaneous Current Assets

1.2

0.0

0.4

0.0

Other Current Assets

4.5

2.7

2.5

1.4

Total Current Assets

4.8

4.1

3.9

2.6

Total Assets

4.8

4.6

4.0

3.1

Net assets

4.6

4.2

3.7

2.8

Total Current Liabilities

0.2

0.4

0.3

0.2

Total Liabilities

0.2

0.4

0.3

0.2

Profit & Loss Account Reserve

4.6

4.2

3.7

2.8

Shareholders Funds

4.6

4.2

3.7

2.8

Capital Employed

4.6

4.2

3.7

2.8

Net Worth

4.6

4.2

3.7

2.8

Working Capital

4.5

3.8

3.6

2.4

Liquid Assets

4.5

3.7

3.5

2.3

Trade Creditors

0.0

0.0

0.0

0.0

Bank Overdraft

-

-

-

0.0

Miscellaneous Current Liabilities

0.2

0.3

0.2

0.2

 

 

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 Cash

3.2

2.8

2.0

1.2

 

 

Annual Ratios

 

 

 

31-Dec-2007

31-Dec-2006

Period Length

52 Weeks

52 Weeks

Filed Currency

-

-

Exchange Rate

-

-

Consolidated

No

No

 

 

 

Current Ratio

14.65

10.85

Liquidity Ratio

13.18

9.59

Net Worth / Total Liabilities

1,406.59%

1,161.08%

Long Term Liab. / Net Worth

0.00

0.00

 

Bottom of Form

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.07.

UK Pound

1

Rs.77.42

Euro

1

Rs.67.72

 

 

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.