MIRA INFORM REPORT
|
Report Date : |
01.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
CHEFARO IRELAND LIMITED |
|
|
|
|
Formerly Known As : |
Recoba limited |
|
|
|
|
Registered Office : |
First Floor Block A The Crescent Building , The Northwood Office Park , Zip Code 216410 |
|
|
|
|
Country : |
Ireland |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
21.12.1999 |
|
|
|
|
Com. Reg. No.: |
IE317406 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Wholesale of other household goods |
|
|
|
|
No. of Employees : |
18 (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 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow |
|
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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 |
CHEFARO IRELAND LIMITED |
Company Number |
IE317406 |
|
Registered Address |
FIRST FLOOR |
Trading Address |
Farnham Drive Finglas Dublin 11, Ireland |
|
|
BLOCK A THE CRESCENT BUILDING |
|
|
|
|
THE NORTHWOOD OFFICE PARK |
|
|
|
|
216410 |
|
|
|
Website Address |
- |
|
|
|
Telephone Number |
|
Fax Number |
|
|
TPS |
No |
FPS |
No |
|
Incorporation Date |
21/12/1999 |
Company Status |
Section 17 (Southern Ireland) |
|
Previous Name |
RECOBA LIMITED |
Type |
Other |
|
Date of Change |
- |
Filing Date of Accounts |
- |
|
|
|
Share Capital |
€10,002 |
|
SIC03 |
51479 |
Currency |
EUR |
|
SIC03 Description |
WHOLESALE OF OTHER HOUSEHOLD GOODS (NOT ELSEWHERE CLASSIFIED) |
||
|
SIC07 |
46499 |
||
|
SIC07 Description |
WHOLESALE OF HOUSEHOLD GOODS (OTHER THAN MUSICAL INSTRUMENTS) N.E.C. |
||
|
Principal Activity |
Centre of excellence for the management of international supply chain for key brands. |
||
DIRECTORS/MANAGEMENT
Current Directors
|
Name |
Date of Birth |
24/12/1950 |
|
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
3 |
Function |
Director |
|
Appointment Date |
17/05/2000 |
|
|
|
Address |
20 OFFINGTON COURT, SUTTON, DUBLIN 13, |
||
|
Name |
Date of Birth |
26/04/1964 |
|
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
4 |
Function |
Director |
|
Appointment Date |
14/04/2005 |
|
|
|
Address |
62 CASTAHEANEY, NAVAN ROAD, DUBLIN 15, |
||
|
Name |
Date of Birth |
24/02/1967 |
|
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
01/11/2011 |
|
|
|
Address |
CHERIN DU CHAMPS DES PIERRES 6, 1272 GENOLIER, SWITZERLAND, |
||
Current Company
Secretary
|
Name |
Date of Birth |
26/04/1964 |
|
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
4 |
Function |
Company Secretary |
|
Appointment Date |
17/05/2000 |
|
|
|
Address |
62 CASTAHEANEY, NAVAN ROAD, DUBLIN 15, |
||
Previous
Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
4 |
103 |
|
|
16 |
85 |
|
|
0 |
2 |
|
|
0 |
2 |
|
|
0 |
1 |
|
|
0 |
1 |
|
|
0 |
1 |
NEGATIVE INFORMATION
CJ
|
Total Number of Exact CJs - |
Total Value of Exact CJs - |
||
|
Total Number of Possible CJs - |
Total Value of Possible CJs - |
||
|
Total Number of Satisfied CJs - |
Total Value of Satisfied CJs - |
Exact CJ Details
There are no exact CJ details
Possible CJ
Details
There are no possible CJ details
Writ Details
Mortgage Summary
There are no Mortgage Details
SHARE & SHARE CAPITAL
INFORMATION
|
Share Capital |
€10,002 |
|
Currency |
EUR |
Top 20
Shareholders
|
Name |
Individual Share Value |
|
OMEGA PHARMA HOLDING (NEDERLAND) BV |
10,002 ORDINARY EUR 1.00 |
PAYMENT INFORMATION
Payment
Information Summary
|
Days Beyond Terms |
Trend Indicator |
Average Payment Experience |
||||
|
Steady
Improving Worsening |
|
GROUP STRUCTURE & AFFILIATED
COMPANIES
|
Summary
|
Group structure
|
Company Name |
Registered Number |
Latest Key Financials |
Consol. Accounts |
Limit |
Turnover |
|
|
431676229 |
31.12.2011 |
N |
€8,600,000 |
€23,358,280 |
|
|
09091869 |
- |
N |
- |
|
|
|
IE317406 |
31.12.2010 |
N |
- |
|
|
|
00922235 |
31.12.2010 |
N |
£100,000 |
£20,454,000 |
|
|
IE048561 |
31.12.2010 |
N |
- |
|
OMEGA
PHARMA NV Other Linked
companies
|
|
Number |
Latest Key Financials |
|||
|
OMEGA PHARMA |
|
380243972 |
31.12.2010 |
€250,000 |
|
|
LABORATOIRES OMEGA PHARMA FRANCE |
|
542044656 |
31.12.2010 |
€2,000,000 |
€155,897,070 |
|
LABORATOIRE DE LA MER |
|
438737108 |
31.12.2010 |
€960,000 |
€27,233,924 |
|
ACO HUD NORGE AS |
|
976134257 |
31.12.2010 |
€204,000 |
€16,498,882 |
|
COSMEDIET BIOTECHNIE |
|
332823707 |
31.12.2010 |
€510,000 |
€10,301,174 |
|
DEUTSCHE CHEFARO PHARMA GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG |
|
HRB 67494 |
31.12.2010 |
€30,000 |
€17,124,923 |
|
CTC MEDICAL AKTIEBOLAG |
|
5564655313 |
31.12.2008 |
- |
5,709 KSEK |
|
PROMEDENT |
|
B21735 |
31.12.2002 |
- |
|
|
BIONAL FRANCE |
|
415186337 |
31.12.2010 |
€50,000 |
€990,658 |
|
ACO HUD AB |
|
5561118042 |
31.12.2010 |
25,000 KSEK |
459,575 KSEK |
|
ACO PHARMA OY |
|
17636494 |
31.12.2010 |
€12,500 |
€7,680,000 |
|
PARACELSIA PHARMA GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG |
|
HRB 67719 |
31.12.2010 |
€125,000 |
|
|
ACO HUD NORDIC AB |
|
5566026224 |
31.12.2010 |
50,000 KSEK |
436,837 KSEK |
|
ACO PHARMA AB |
|
5566427414 |
01.12.2005 |
- |
2,626 KSEK |
|
OMEGAPHARMA SCANDINAVIA AKTIEBOLAG |
|
5566469887 |
01.12.2005 |
- |
196,307 KSEK |
|
OMEGA PHARMA UK |
|
04500869 |
31.12.2006 |
- |
|
|
BIONAL NEDERLAND B.V. |
|
01063199 |
- |
- |
|
|
BIONAL INTERNATIONAL B.V. |
|
01063988 |
- |
- |
|
|
DAMIANUS B.V. |
|
16032091 |
- |
- |
|
|
WARTNER EUROPE B.V. |
|
20104491 |
- |
- |
|
FINANCIAL INFORMATION
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder Funds |
Employees |
|
31/12/2010 |
- |
- |
- |
- |
|
31/12/2009 |
€29,758,227 |
-€75,564 |
€164,939,701 |
18 |
|
31/12/2008 |
€23,110,146 |
-€1,730,018 |
€143,137,076 |
17 |
Profit & Loss
|
Date Of Accounts |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
(%) |
31/12/07 |
(%) |
31/12/06 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
EUR |
(%) |
EUR |
(%) |
EUR |
(%) |
EUR |
(%) |
EUR |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
- |
- |
€29,758,227 |
28.8% |
€23,110,146 |
106.4% |
€11,196,298 |
- |
- |
|
Export |
- |
- |
€26,822,794 |
16.4% |
€23,037,741 |
198.2% |
€7,724,628 |
- |
- |
|
Cost of Sales |
- |
- |
€23,670,693 |
26.5% |
€18,706,919 |
147% |
€7,574,187 |
- |
- |
|
Gross Profit |
- |
- |
€6,087,533 |
38.3% |
€4,403,227 |
21.6% |
€3,622,111 |
- |
- |
|
Wages & Salaries |
- |
- |
€1,272,803 |
37.1% |
€928,148 |
8.3% |
€856,917 |
- |
- |
|
Directors Emoluments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Profit |
- |
- |
€798,171 |
144.9% |
-€1,778,587 |
-571.5% |
€377,207 |
- |
- |
|
Depreciation |
- |
- |
€9,587 |
66.6% |
€5,755 |
53.8% |
€3,741 |
- |
- |
|
Audit Fees |
- |
- |
€10,530 |
15.4% |
€9,125 |
-27.6% |
€12,600 |
- |
- |
|
Interest Payments |
- |
- |
€3,437 |
- |
- |
-100% |
€886 |
- |
- |
|
Pre Tax Profit |
- |
- |
-€75,564 |
95.6% |
-€1,730,018 |
-208.3% |
€1,597,798 |
- |
- |
|
Taxation |
- |
- |
-€164,920 |
-208.5% |
€151,992 |
249.2% |
-€101,845 |
- |
- |
|
Profit After Tax |
- |
- |
-€240,484 |
84.8% |
-€1,578,026 |
-205.5% |
€1,495,953 |
- |
- |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
- |
- |
-€240,484 |
84.8% |
-€1,578,026 |
-205.5% |
€1,495,953 |
- |
- |
Balance Sheet
|
Date Of Accounts |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
(%) |
31/12/07 |
(%) |
31/12/06 |
|
Tangible Assets |
0 |
100% |
-€423,572 |
-999.9% |
€18,146 |
999.9% |
€1,101 |
- |
0 |
|
Intangible Assets |
0 |
-100% |
€158,768,044 |
15.4% |
€137,580,627 |
-1.7% |
€139,970,497 |
- |
0 |
|
Total Fixed Assets |
0 |
-100% |
€158,344,472 |
15.1% |
€137,598,773 |
-1.7% |
€139,971,598 |
- |
0 |
|
Stock |
0 |
-100% |
€1,903,980 |
63.2% |
€1,166,390 |
-57.7% |
€2,754,989 |
- |
0 |
|
Trade Debtors |
0 |
-100% |
€2,049,337 |
-27.9% |
€2,843,081 |
-15.7% |
€3,371,080 |
- |
0 |
|
Cash |
0 |
-100% |
€7,876,535 |
220% |
€2,461,593 |
-18.8% |
€3,032,734 |
- |
0 |
|
Other Debtors |
0 |
-100% |
€6,305,298 |
15.4% |
€5,463,863 |
86.6% |
€2,928,843 |
- |
0 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
0 |
-100% |
€17,540,515 |
47% |
€11,934,927 |
-1.3% |
€12,087,646 |
- |
0 |
|
Trade Creditors |
0 |
-100% |
€9,502,509 |
57.3% |
€6,041,753 |
85.9% |
€3,249,658 |
- |
0 |
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Short Term Finance |
0 |
-100% |
€1,180,824 |
278% |
€312,355 |
-92.1% |
€3,968,746 |
- |
0 |
|
Miscellaneous Current Liabilities |
0 |
-100% |
€49,063 |
15.4% |
€42,516 |
-66.2% |
€125,738 |
- |
0 |
|
Total Current Liabilities |
0 |
-100% |
€10,945,286 |
71.1% |
€6,396,624 |
-12.9% |
€7,344,142 |
- |
0 |
|
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 |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
(%) |
31/12/07 |
(%) |
31/12/06 |
|
Called Up Share Capital |
- |
-100% |
€11,542 |
15.4% |
€10,002 |
- |
€10,002 |
- |
- |
|
P & L Account Reserve |
- |
100% |
-€1,817,912 |
-33% |
-€1,366,922 |
-747.5% |
€211,104 |
- |
- |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
-100% |
€166,746,071 |
15.4% |
€144,493,996 |
- |
€144,493,996 |
- |
- |
|
Shareholder Funds |
- |
-100% |
€164,939,701 |
15.2% |
€143,137,076 |
-1.1% |
€144,715,102 |
- |
- |
Other Financial
Items
|
Date Of Accounts |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
(%) |
31/12/07 |
(%) |
31/12/06 |
|
Net Worth |
- |
-100% |
€6,171,657 |
11.1% |
€5,556,449 |
17.1% |
€4,744,605 |
- |
- |
|
Working Capital |
- |
-100% |
€6,595,229 |
19.1% |
€5,538,303 |
16.8% |
€4,743,504 |
- |
- |
|
Total Assets |
- |
-100% |
€175,884,987 |
17.6% |
€149,533,700 |
-1.7% |
€152,059,244 |
- |
- |
|
Total Liabilities |
- |
-100% |
€10,945,286 |
71.1% |
€6,396,624 |
-12.9% |
€7,344,142 |
- |
- |
|
Net Assets |
- |
-100% |
€164,939,701 |
15.2% |
€143,137,076 |
-1.1% |
€144,715,102 |
- |
- |
Miscellaneous
|
Date Of Accounts |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
(%) |
31/12/07 |
(%) |
31/12/06 |
|
Contingent Liability |
YES |
- |
YES |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
- |
-100% |
€164,939,701 |
15.2% |
€143,137,076 |
-1.1% |
€144,715,102 |
- |
- |
|
Number of Employees |
- |
- |
18 |
5.9% |
17 |
70% |
10 |
- |
- |
Ratios
|
Date Of Accounts |
31/12/10 |
31/12/09 |
31/12/08 |
31/12/07 |
31/12/06 |
|
Pre-tax profit margin % |
- |
-0.25 |
-7.49 |
14.27 |
- |
|
Current ratio |
- |
1.60 |
1.87 |
1.65 |
- |
|
Sales/Net Working Capital |
- |
4.51 |
4.17 |
2.36 |
- |
|
Gearing % |
0 |
0 |
0 |
0 |
0 |
|
Equity in % |
- |
963.60 |
1197.50 |
1197.10 |
- |
|
Creditor Days |
- |
116.23 |
95.16 |
105.64 |
- |
|
Debtor Days |
- |
25.06 |
44.78 |
109.59 |
- |
|
Liquidity/Acid Test |
- |
1.42 |
1.68 |
1.27 |
- |
|
Return On Capital Employed % |
- |
-0.04 |
-1.20 |
1.10 |
- |
|
Return On Total Assets Employed % |
- |
-0.04 |
-1.15 |
1.05 |
- |
|
Current Debt Ratio |
- |
0.06 |
0.04 |
0.05 |
- |
|
Total Debt Ratio |
- |
0.06 |
0.04 |
0.05 |
- |
|
Stock Turnover Ratio % |
- |
6.39 |
5.04 |
24.60 |
- |
|
Return on Net Assets Employed % |
- |
-0.04 |
-1.20 |
1.10 |
- |
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
|
Incorporation
Date |
21/12/1999 |
Company Status |
Section 17 (Southern Ireland) |
|
Previous Name |
RECOBA LIMITED |
Type |
Other |
|
Date of Change |
- |
Filing Date of
Accounts |
- |
|
SIC03 |
51479 |
||
|
SIC03
Description |
WHOLESALE OF OTHER HOUSEHOLD GOODS (NOT ELSEWHERE CLASSIFIED) |
||
|
SIC07 |
46499 |
||
|
SIC07 Description
|
WHOLESALE OF HOUSEHOLD GOODS (OTHER THAN MUSICAL INSTRUMENTS) N.E.C. |
||
|
Principal
Activity |
Centre of excellence for the management of international supply chain
for key brands. |
||
|
Auditors |
PRICEWATERHOUSECOOPERS |
|
Auditor Comments |
The audit report contains no adverse comments |
|
Bankers |
BANK OF IRELAND |
|
Bank Branch Code |
90-05-78 |
Previous Company
Names
|
Date |
Previous Name |
|
N/A |
RECOBA LIMITED |
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.41 |
|
UK Pound |
1 |
Rs.86.93 |
|
Euro |
1 |
Rs.68.10 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.