MIRA INFORM REPORT

 

 

Report Date :

18.08.2012

 

IDENTIFICATION DETAILS

 

Name :

JUST METAL RECYCLING LIMITED

 

 

Registered Office :

Blair House Upper O'connell Street Ennis 238424

 

 

Country :

Ireland

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

09.11.2009

 

 

Com. Reg. No.:

IE477290

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Recycling of metal waste and scrap

 

 

No. of Employees :

Not Available

 

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 :

Unknown

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

JUST METAL RECYCLING LIMITED

Company Number

IE477290

 

 

 

 

Registered Address

BLAIR HOUSE

 



 

UPPER O'CONNELL STREET

 

 

ENNIS

 

 

238424

 

Website Address

-

 

 

Telephone Number

-

Fax Number

 

TPS

-

FPS

No

Incorporation Date

09/11/2009

Company Status

Active - Accounts Filed

Previous Name

 

Type

Private limited with Share Capital

Date of Change

-

Filing Date of Accounts

-

 

 

Share Capital

€100

SIC03

37100

Currency

EUR

SIC03 Description

Recycling of metal waste and scrap

SIC07

38320

SIC07 Description

RECOVERY OF SORTED MATERIALS

 

DIRECTORS/MANAGEMENT

Current Directors

Name

NADEEM MOHAMMED BHATTI

Date of Birth

11/05/1972

Officers Title

 

Nationality

 

Present Appointments

1

Function

Director

Appointment Date

09/11/2009

 

 

Address

15 WERNETH HALL ROAD,  OLDHAM,  GREATER MANCHESTER, 

Other Actions

View Director Report

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

KHURSHID BEGUM

Date of Birth

14/03/1936

Officers Title

 

Nationality

 

Present Appointments

1

Function

Director

Appointment Date

09/11/2009

 

 

Address

53 SUTTON ROAD,  ERDINGTON,  BIRMINGHAM, 

 

NEGATIVE INFORMATION

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

 

Unregistered - Exact CJ Details

No CJs found

Unregistered - Possible CJ Details

No CJs found

Registered - Exact CJ Details

No CJs found

Registered - Possible CJ Details

No CJs found

SHARE & SHARE CAPITAL INFORMATION

 

Share Capital

€100

 

Year to Date

Shareholder Funds

31/12/2010

€47,085

 

Top 20 Shareholders

Name

Individual Share Value

NADEEM MOHAMMED BHATTI

95 ORDINARY EUR 1.00

KHURSHID BEGUM

5 ORDINARY EUR 1.00

 

PAYMENT INFORMATION

 

N/a

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Statistics

Group

-

Linkages

0 companies

Countries

In 0 countries

Summary

Holding Company

-

Ownership Status

 

Ultimate Holding Company

-

 

Group structure

No group structure

 

FINANCIAL INFORMATION

Key Financials

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

31/12/2010

-

-

€47,085

-

 

Profit & Loss

Date Of Accounts

31/12/10

(%)

-

(%)

-

(%)

-

(%)

-

Weeks

52

(%)

-

(%)

-

(%)

-

(%)

-

Currency

EUR

(%)

-

(%)

-

(%)

-

(%)

-

Consolidated A/cs

N

(%)

-

(%)

-

(%)

-

(%)

-

Turnover

-

-

-

-

-

-

-

-

-

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

-

-

-

-

-

-

-

-

-

Gross Profit

-

-

-

-

-

-

-

-

-

Wages & Salaries

-

-

-

-

-

-

-

-

-

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

-

-

-

-

-

-

-

-

-

Depreciation

-

-

-

-

-

-

-

-

-

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-

 

Balance Sheet

Date Of Accounts

31/12/10

(%)

-

(%)

-

(%)

-

(%)

-

Tangible Assets

0

-

-

-

-

-

-

-

-

Intangible Assets

0

-

-

-

-

-

-

-

-

Total Fixed Assets

0

-

-

-

-

-

-

-

-

Stock

0

-

-

-

-

-

-

-

-

Trade Debtors

€135,707

-

-

-

-

-

-

-

-

Cash

€132,923

-

-

-

-

-

-

-

-

Other Debtors

0

-

-

-

-

-

-

-

-

Miscellaneous Current Assets

€58,540

-

-

-

-

-

-

-

-

Total Current Assets

€327,170

-

-

-

-

-

-

-

-

Trade Creditors

€280,085

-

-

-

-

-

-

-

-

Bank Loans & Overdrafts

0

-

-

-

-

-

-

-

-

Other Short Term Finance

0

-

-

-

-

-

-

-

-

Miscellaneous Current Liabilities

0

-

-

-

-

-

-

-

-

Total Current Liabilities

€280,085

-

-

-

-

-

-

-

-

Bank Loans & Overdrafts and LTL

0

-

-

-

-

-

-

-

-

Other Long Term Finance

0

-

-

-

-

-

-

-

-

Total Long Term Liabilities

0

-

-

-

-

-

-

-

-

 

Capital & Reserves

Date Of Accounts

31/12/10

(%)

-

(%)

-

(%)

-

(%)

-

Called Up Share Capital

€100

-

-

-

-

-

-

-

-

P & L Account Reserve

€46,985

-

-

-

-

-

-

-

-

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

€47,085

-

-

-

-

-

-

-

-

 

Other Financial Items

Date Of Accounts

31/12/10

(%)

-

(%)

-

(%)

-

(%)

-

Net Worth

€47,085

-

-

-

-

-

-

-

-

Working Capital

€47,085

-

-

-

-

-

-

-

-

Total Assets

€327,170

-

-

-

-

-

-

-

-

Total Liabilities

€280,085

-

-

-

-

-

-

-

-

Net Assets

€47,085

-

-

-

-

-

-

-

-

 

Cash Flow

Date Of Accounts

31/12/10

(%)

-

(%)

-

(%)

-

(%)

-

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

Ratios

Date Of Accounts

31/12/10

-

-

-

-

Pre-tax profit margin %

-

-

-

-

-

Current ratio

1.17

-

-

-

-

Sales/Net Working Capital

-

-

-

-

-

Gearing %

0

-

-

-

-

Equity in %

14.40

-

-

-

-

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

1.16

-

-

-

-

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

5.94

-

-

-

-

Total Debt Ratio

5.94

-

-

-

-

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

 

Creditor Details

No Creditor Data

 

Total Value

-

 

Trade Debtors / Bad Debt Detail

No Debtor Data

 

Total Value

-

 

FOREIGN EXCHANGE RATES

 

N/a

 

ADDITIONAL INFORMATION

 

Year to Date

Employees

31/12/2010

-

 

Mortgage Summary

Outstanding

0

Satisfied

0

 

Current Company Secretary

Name

FORMACOMPANY IRELAND LIMITED

Date of Birth

-

Officers Title

 

Nationality

 

Present Appointments

20

Function

Company Secretary

Appointment Date

09/11/2009

 

 

Address

BLAIR HOUSE,  O'CONNELL STREET,  ENNIS, 

 

Miscellaneous

Date Of Accounts

31/12/10

(%)

-

(%)

-

(%)

-

(%)

-

Contingent Liability

NO

-

-

-

-

-

-

-

-

Capital Employed

€47,085

-

-

-

-

-

-

-

-

Number of Employees

-

-

-

-

-

-

-

-

-

Auditors

 

Auditor Comments

The company is exempt from audit

Bankers

BANK OF IRELAND

Bank Branch Code

90-13-94

 

Status History

No Status History found

 

Event History

Date

Description

16/06/2012

Annual Returns

14/07/2011

New Accounts Filed

13/07/2011

Annual Returns

08/06/2010

Annual Returns

09/11/2009

New Company Secretary (FORMACOMPANY IRELAND LIMITED) appointed

09/11/2009

New Board Member (NADEEM MOHAMMED BHATTI) appointed

09/11/2009

New Board Member (KHURSHID BEGUM) appointed

 

Previous Company Names

No Previous Names found

 

NOTES & COMMENTS

Commentary

There has been no significant change in the company's credit rating.

The credit limit on this company has risen 14.3% in comparison to the previously suggested credit limit.

There is insufficient data to indicate a change in this companies percentage of sales.

There is insufficient data to indicate a change in this companies pre-tax profit.

The company is exempt from audit.

No recent changes in directorship are recorded.

The company is not part of a group.

The company was established over 2 years ago.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.70

UK Pound

1

Rs.87.54

Euro

1

Rs.68.85

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.