MIRA INFORM REPORT

 

 

Report Date :           

03.08.2011

 

IDENTIFICATION DETAILS

 

Name :

O'CONNELL STONE LIMITED

 

 

Registered Office :

Begley's Forge, Ovens

 

 

Country :

Ireland

 

 

Financials (as on) :

30.04.2010

 

 

Date of Incorporation :

01.05.2007

 

 

Com. Reg. No.:

E0438837

 

 

Legal Form :

Private Independent

 

 

Line of Business :

Miscellaneous Capital Goods

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

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 name & address 

 

O'Connell Stone Limited

Begley's Forge

Ovens

Ireland

 

 

Synthesis  

 

Employees:                  NA

Company Type:            Private Independent

Incorporation Date:         01-May-2007   

Financials in:                 USD (Millions)

Fiscal Year End:            30-Apr-2010

Reporting Currency:       Euro

Annual Sales:               NA

Total Assets:                0.5

 

 

Business Description     

 

O'Connell Stone Limited is primarily engaged in the agents specialising in the sale of particular products or ranges of products not elsewhere classified. This class also includes: agents involved in the sale of bicycles.

 

Industry

Industry            Miscellaneous Capital Goods

ANZSIC 2006:    3739 - Other Goods Wholesaling Not Elsewhere Classified

NACE 2002:      5118 - Agents specialising in the sale of particular products or ranges of products not elsewhere

classified

NAICS 2002:     425120 - Wholesale Trade Agents and Brokers

UK SIC 2003:    5118 - Agents specialising in the sale of particular products or ranges of products not elsewhere classified

US SIC 1987:    5099 - Durable Goods, Not Elsewhere Classified

 

           

Key Executives   

 

Name

Title

Tim O'Connell

Secretary

Louise O Connell

Director

Tim O Connell

Director

 

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7075491

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7520776

 

 

Corporate Overview

 

Location

Begley's Forge

Ovens

Co. Cork County

Ireland

 

 

Company suumary

 

Sales EUR(mil):             NA

Assets EUR(mil):           0.4

Employees:                   NA

Fiscal Year End:            30-Apr-2010

Industry:                        Miscellaneous Capital Goods

Incorporation Date:         01-May-2007

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(IRE):      E0438837

Director:                        Louise O Connell

 

Contents

 

·         Industry Codes

·         Business Description

·         Financial Data

 

 

Industry Codes

 

ANZSIC 2006 Codes:

3739     -          Other Goods Wholesaling Not Elsewhere Classified

 

NACE 2002 Codes:

5118     -          Agents specialising in the sale of particular products or ranges of products not elsewhere classified

 

NAICS 2002 Codes:

425120  -          Wholesale Trade Agents and Brokers

 

US SIC 1987:

5099     -          Durable Goods, Not Elsewhere Classified

 

UK SIC 2003:

5118     -          Agents specialising in the sale of particular products or ranges of products not elsewhere classified

 

Business Description

O'Connell Stone Limited is primarily engaged in the agents specialising in the sale of particular products or ranges of products not elsewhere classified. This class also includes: agents involved in the sale of bicycles.

 

 

Financial Data

Financials in:

EUR(mil)

 

Assets:

0.4

Total Liabilities:

0.2

 

Working Capital:

0.0

 

Net Worth:

0.2

 

 

 

Date of Financial Data:

30-Apr-2010

 

1 Year Growth

NA

 

 

Executives Report

 

Board of Directors

 

Name

Title

Function

 

Louise O Connell

 

Director

Director/Board Member

 

Tim O Connell

 

Director

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Tim O'Connell

 

Secretary

Company Secretary

 

 

 

Annual Financial Reports

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

30-Apr-2010

30-Apr-2009

30-Apr-2008

Filed Currency

EUR

EUR

EUR

Exchange Rate

0.752078

0.75466

0.642302

Consolidated

No

No

No

 

 

 

 

Tangible Assets

0.2

0.3

0.2

Total Fixed Assets

0.2

0.3

0.2

Stocks

0.1

0.1

0.1

Trade Debtors

-

0.1

0.3

Cash

0.0

0.0

0.0

Miscellaneous Current Assets

0.1

-

-

Other Current Assets

0.2

0.0

0.0

Total Current Assets

0.3

0.3

0.4

Total Assets

0.5

0.6

0.7

Net assets

0.3

0.2

0.3

Total Current Liabilities

0.3

0.3

0.4

Total Long Term Liabilities

0.0

0.1

0.1

Total Liabilities

0.3

0.4

0.5

Profit & Loss Account Reserve

0.2

0.2

0.2

Shareholders Funds

0.2

0.2

0.2

Capital Employed

0.3

0.2

0.3

Net Worth

0.2

0.2

0.2

Working Capital

0.0

-0.1

0.1

Liquid Assets

0.2

0.2

0.3

Trade Creditors

-

0.3

0.4

Miscellaneous Current Liabilities

0.3

0.0

-

 

 

Annual Cash Flows

 

Financials in: USD (mil)

 

 

 

30-Apr-2010

30-Apr-2009

30-Apr-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

Filed Currency

EUR

EUR

EUR

Exchange Rate (Period Average)

0.707549

0.717707

0.698503

Consolidated

No

No

No

 

 

 

 

Net Cash

0.0

0.0

0.0

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.23

UK Pound

1

Rs.72.09

Euro

1

Rs.62.99

 

 

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.