MIRA INFORM REPORT

 

 

Report Date :           

04.04.2012

 

IDENTIFICATION DETAILS

 

Name :

SHAPES & IMAGES LIMITED

 

 

Registered Office :

Unit 22 Ashbourne Business Centre, Ballybin Road, Ashbourne, 214002

 

 

Country :

Ireland

 

 

Financials (as on) :

31.10.2010

 

 

Date of Incorporation :

22.06.1990

 

 

Com. Reg. No.:

IE160903

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Wholesale of textiles

 

 

No. of Employees :

05 (2009)

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

€13,500

 

 

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 – 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 summary

 

Company Name

SHAPES & IMAGES LIMITED

Company Number

IE160903

 

 

 

 

Registered Address

Unit 22 Ashbourne Business Centre

 


 

 

Ballybin Road

 

 

Ashbourne

 

 

214002

 

Website Address

-

 

 

Telephone Number

0419822152

Fax Number

 

TPS

No

FPS

No

Incorporation Date

22/06/1990

Company Status

Active - Accounts Filed

Previous Name

 

Type

Private limited with Share Capital

Date of Change

-

Filing Date of Accounts

-

 

 

Share Capital

€23,652

SIC03

51410

Currency

EUR

SIC03 Description

Wholesale of textiles

SIC07

46410

SIC07 Description

WHOLESALE OF TEXTILES

Principal Activity

The wholesale of textile goods.

 

 

Credit Limit

 

Limit

€13,500

Contract Limit

€28,500

 

 

 

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

31/10/2010

-

-

€371,939

-

31/10/2009

-

-€621,309

€725,673

5

31/10/2008

-

€105,206

€1,349,102

5

 

 

Payment Information Summary

 

CJ

Total Number of Exact CJs -

0

Total Value of Exact CJs -

€0

Total Number of Possible CJs -

0

Total Value of Possible CJs -

€0

Total Number of Satisfied CJs -

0

Total Value of Satisfied CJs -

€0

 

 

Exact CJ Details

 

There are no exact CJ details

 

 

Possible CJ Details

 

There are no possible CJ details

 

 

Writ Details

 

Mortgage Summary

Outstanding

2

Satisfied

0

 

 

Total Current Directors

2

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

1

 

 

Current Directors

 

Name

PHILIP LUSH

Date of Birth

-

Officers Title

 

Nationality

 

Present Appointments

2

Function

Director

Appointment Date

01/10/1990

 

 

Address

OLS RECTORY,  TERMONFECKIN,  CO. LOUTH., 

 

 

 

 

 

Name

EMER LUSH

Date of Birth

05/06/1963

Officers Title

 

Nationality

 

Present Appointments

2

Function

Director

Appointment Date

02/01/2011

 

 

Address

THE OLD RECTORY,  TERMONFECKIN,  CO. LOUTH, 

 

 

 

 

 

 

Current Company Secretary

 

Name

PHILIP LUSH

Date of Birth

-

Officers Title

 

Nationality

 

Present Appointments

2

Function

Company Secretary

Appointment Date

01/10/1990

 

 

Address

OLS RECTORY,  TERMONFECKIN,  CO. LOUTH., 

 

 

 

 

 

 

Top 20 Shareholders

 

Name

Individual Share Value

PHILIP LUSH

11,820 ORDINARY EUR 2.00

EXECUTORS OF ESTATE OF JULIET LUSH

6 ORDINARY EUR 2.00

 

 

Profit & Loss

 

Date Of Accounts

31/10/10

(%)

31/10/09

(%)

31/10/08

(%)

31/10/07

(%)

31/10/06

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

EUR

(%)

EUR

(%)

EUR

(%)

EUR

(%)

EUR

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

-

-

-

-

-

-

-

-

-

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

-

-

-

-

-

-

-

-

-

Gross Profit

-

-

€407,687

-65.1%

€1,169,083

23.8%

€944,135

-

-

Wages & Salaries

-

-

€423,589

-0.6%

€426,281

21.5%

€350,865

-

-

Directors Emoluments

-

-

€195,832

2.6%

€190,829

71.5%

€111,266

-

-

Operating Profit

-

-

-€558,732

-412.7%

€178,689

-19.5%

€221,889

-

-

Depreciation

-

-

€35,989

-11.9%

€40,862

1.5%

€40,266

-

-

Audit Fees

-

-100%

€9,800

-2%

€10,000

13.5%

€8,810

-

-

Interest Payments

-

-

€62,577

-14.8%

€73,483

27%

€57,855

-

-

Pre Tax Profit

-

-

-€621,309

-690.6%

€105,206

-35.9%

€164,034

-

-

Taxation

-

-

-€2,120

87.7%

-€17,285

15.7%

-€20,504

-

-

Profit After Tax

-

-

-€623,429

-809.1%

€87,921

-38.7%

€143,530

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-€623,429

-809.1%

€87,921

-38.7%

€143,530

-

-

 

Balance Sheet

 

Date Of Accounts

31/10/10

(%)

31/10/09

(%)

31/10/08

(%)

31/10/07

(%)

31/10/06

Tangible Assets

€153,760

-18.5%

€188,581

-10.1%

€209,883

-15.2%

€247,450

299.7%

€61,914

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

€153,760

-18.5%

€188,581

-10.1%

€209,883

-15.2%

€247,450

299.7%

€61,914

Stock

€995,387

-31.5%

€1,453,606

-39.4%

€2,399,092

18.4%

€2,026,444

28.5%

€1,576,571

Trade Debtors

€479,537

-32.4%

€709,733

-20.7%

€894,826

-2.9%

€921,696

-

0

Cash

0

-

0

-

0

-

0

-

0

Other Debtors

0

-100%

€12,782

-91.3%

€147,718

26.1%

€117,142

-88.6%

€1,031,567

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

€1,474,924

-32.2%

€2,176,121

-36.8%

€3,441,636

12.3%

€3,065,282

17.5%

€2,608,138

Trade Creditors

€920,224

55.3%

€592,433

-42.5%

€1,030,521

61%

€640,262

-

0

Bank Loans & Overdrafts

€30,108

-92.5%

€399,657

-34.7%

€612,129

-17.9%

€745,188

-

0

Other Short Term Finance

€8,311

-95.1%

€170,132

-43.9%

€303,112

-12.7%

€347,263

-

0

Miscellaneous Current Liabilities

€281,978

-32.3%

€416,724

55.3%

€268,317

-15.8%

€318,840

-79.4%

€1,544,903

Total Current Liabilities

€1,240,621

-21.4%

€1,578,946

-28.7%

€2,214,079

7.9%

€2,051,553

32.8%

€1,544,903

Bank Loans & Overdrafts and LTL

€46,232

-89.9%

€459,740

-34.4%

€700,467

-6%

€745,188

999.9%

€7,500

Other Long Term Finance

€3,570

-69.9%

€11,879

-16.4%

€14,203

-

0

-

0

Total Long Term Liabilities

€16,124

-73.2%

€60,083

-32%

€88,338

-

0

-100%

€7,500

 

 

Capital & Reserves

 

Date Of Accounts

31/10/10

(%)

31/10/09

(%)

31/10/08

(%)

31/10/07

(%)

31/10/06

Called Up Share Capital

€23,652

-

€23,652

-

€23,652

-

€23,652

-

€23,652

P & L Account Reserve

€348,287

-50.4%

€702,021

-47%

€1,325,450

7.1%

€1,237,527

13.1%

€1,093,997

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

€371,939

-48.7%

€725,673

-46.2%

€1,349,102

7%

€1,261,179

12.8%

€1,117,649

 

 

Other Financial Items

 

Date Of Accounts

31/10/10

(%)

31/10/09

(%)

31/10/08

(%)

31/10/07

(%)

31/10/06

Net Worth

€371,939

-48.7%

€725,673

-46.2%

€1,349,102

7%

€1,261,179

12.8%

€1,117,649

Working Capital

€234,303

-60.8%

€597,175

-51.4%

€1,227,557

21.1%

€1,013,729

-4.7%

€1,063,235

Total Assets

€1,628,684

-31.1%

€2,364,702

-35.2%

€3,651,519

10.2%

€3,312,732

24.1%

€2,670,052

Total Liabilities

€1,256,745

-23.3%

€1,639,029

-28.8%

€2,302,417

12.2%

€2,051,553

32.2%

€1,552,403

Net Assets

€371,939

-48.7%

€725,673

-46.2%

€1,349,102

7%

€1,261,179

12.8%

€1,117,649

 

 

Cash Flow

 

Date Of Accounts

31/10/10

(%)

31/10/09

(%)

31/10/08

(%)

31/10/07

(%)

31/10/06

Net Cashflow from Operations

-

-

€347,118

51.5%

€229,146

645.8%

€30,723

-

-

Net Cashflow before Financing

-

-100%

€252,569

190.8%

€86,868

134.6%

-€251,188

-

-

Net Cashflow from Financing

-

-

-€40,097

21%

-€50,729

-128.9%

€175,261

-

-

Increase in Cash

-

-

€212,472

487.9%

€36,139

147.6%

-€75,927

-

-

 

 

Miscellaneous

 

Date Of Accounts

31/10/10

(%)

31/10/09

(%)

31/10/08

(%)

31/10/07

(%)

31/10/06

Contingent Liability

NO

-

NO

-

NO

-

NO

-

-

Capital Employed

€388,063

-50.6%

€785,756

-45.3%

€1,437,440

14%

€1,261,179

12.8%

€1,117,649

Number of Employees

-

-

5

-

5

-

5

66.7%

3

Auditors

 

Auditor Comments

The company is exempt from audit

Bankers

ULSTER BANK LTD

Bank Branch Code

 

 

 

Ratios

 

Date Of Accounts

31/10/10

31/10/09

31/10/08

31/10/07

31/10/06

Pre-tax profit margin %

-

-

-

-

-

Current ratio

1.19

1.38

1.55

1.49

1.69

Sales/Net Working Capital

-

-

-

-

-

Gearing %

12.40

63.40

51.90

59.10

0.70

Equity in %

22.80

30.70

36.90

38.10

41.90

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

0.38

0.45

0.47

0.50

0.67

Return On Capital Employed %

-

-79.07

7.31

13

-

Return On Total Assets Employed %

-

-26.27

2.88

4.95

-

Current Debt Ratio

3.33

2.17

1.64

1.62

1.38

Total Debt Ratio

3.37

2.25

1.70

1.62

1.39

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-85.61

7.79

13

-

 

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

 

20/09/2011

New Accounts Filed

 

17/09/2011

Annual Returns

 

02/01/2011

JULIET LUSH has left the board

 

02/01/2011

New Board Member (EMER LUSH) appointed

 

16/08/2010

Annual Returns

 

14/08/2010

New Accounts Filed

 

14/08/2010

New Accounts Filed

 

25/09/2009

New Accounts Filed

 

25/09/2009

New Accounts Filed

 

24/09/2009

Annual Returns

 

15/07/2009

Annual Returns

 

15/07/2009

New Accounts Filed

 

01/10/1990

New Board Member (JULIET LUSH) appointed

 

01/10/1990

New Company Secretary (PHILIP LUSH) appointed

 

01/10/1990

New Board Member (PHILIP LUSH) appointed

 

 

 

Previous Company Names

 

No Previous Names found

 

Received Documents

 

 

Statistics

Group

-

Linkages

0 companies

Countries

In 0 countries

 

 

 

Summary

 

Holding Company

-

Ownership Status

 

Ultimate Holding Company

-

 

 

Group structure

 

No group structure

 

 

Statistics

 

Group

0 companies

Linkages

0 companies

Countries

In 0 countries

 

 

Mortgage Details

 

Mortgage Type:

A DEBENTURE.

Date Charge Created:

16/09/96

 

 

Date Charge Registered:

27/09/96

 

 

Date Charge Satisfied:

-

 

 

Status:

NOT SATISFIED

 

 

Person(s) Entitled:

ULSTER BANK LIMITED

Amount Secured:

0

Details:

ALL MONIES DUE OR TO BECOME DUE EITHER ALONE OR JOINTLY TOGETHER WITH INTEREST

 

Mortgage Type:

A DEBENTURE.

Date Charge Created:

19/03/91

 

 

Date Charge Registered:

26/03/91

 

 

Date Charge Satisfied:

-

 

 

Status:

NOT SATISFIED

 

 

Person(s) Entitled:

THE GOVERNOR & CO OF THE BANK OF IRELAND

Amount Secured:

0

Details:

ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED

 

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

JULIET LUSH

1

2

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.56

UK Pound

1

Rs.81.05

Euro

1

Rs.67.49

 

 

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.