MIRA INFORM REPORT

 

 

Report Date :

18.12.2012

 

IDENTIFICATION DETAILS

 

Name :

K-SCROLL LIMITED 

 

 

Formerly Known As :

GLOBAL CPD.COM LIMITED

 

 

Registered Office :

10 Crocknamohill Road, Draperstown , Co Derry, Bt45 7lb

 

 

Country :

Ireland

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

03.11.1999

 

 

Com. Reg. No.:

NI037263

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

The design and manufacture of wrought iron products to include gates, railings and staircases

 

 

No. of Employees :

Not Available

 

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 :

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 – June 30th, 2012

                                                   

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

Ireland

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Ireland - ECONOMIC OVERVIEW

 

Ireland is a small, modern, trade-dependent economy. Ireland was among the initial group of 12 EU nations that began circulating the euro on 1 January 2002. GDP growth averaged 6% in 1995-2007, but economic activity has dropped sharply since the onset of the world financial crisis, with GDP falling by over 3% in 2008, nearly 7% in 2009, and less than 1% in 2010. Ireland entered into a recession in 2008 for the first time in more than a decade, with the subsequent collapse of its domestic property and construction markets. Property prices rose more rapidly in Ireland in the decade up to 2007 than in any other developed economy. Since their 2007 peak, average house prices have fallen 47%. In the wake of the collapse of the construction sector and the downturn in consumer spending and business investment, the export sector, dominated by foreign multinationals, has become a key component of Ireland's economy. Agriculture, once the most important sector, is now dwarfed by industry and services. In 2008 the COWEN government moved to guarantee all bank deposits, recapitalize the banking system, and establish partly-public venture capital funds in response to the country's economic downturn. In 2009, in continued efforts to stabilize the banking sector, the Irish Government established the National Asset Management Agency (NAMA) to acquire problem commercial property and development loans from Irish banks. Faced with sharply reduced revenues and a burgeoning budget deficit, the Irish Government introduced the first in a series of draconian budgets in 2009. In addition to across-the-board cuts in spending, the 2009 budget included wage reductions for all public servants. These measures were not sufficient. In 2010, the budget deficit reached 32.4% of GDP - the world's largest deficit, as a percentage of GDP - because of additional government support for the banking sector. In late 2010, the former COWEN Government agreed to a $112 billion loan package from the EU and IMF to help Dublin further increase the capitalization of its banking sector and avoid defaulting on its sovereign debt. Since entering office in March 2011, the KENNY government has intensified austerity measures to try to meet the deficit targets under Ireland's EU-IMF program. Ireland achieved moderate growth in 2011 and cut the budget deficit to 10.1% of GDP, although the recovery is expected to slow in 2012 as a result of the euro-zone debt crisis.

 

Source CIA


REGISTERED NAME & COMPANY SUMMARY

 

Company Name

K-SCROLL LIMITED

Company Number

NI037263

Registered Address

10 CROCKNAMOHILL ROAD

Trading Address

10 Crocknamohil Road
Draperstown
Magherafelt
County Londonderry
BT45 7LB

 

DRAPERSTOWN

 

 

CO DERRY

 

 

BT45 7LB

 

Website Address

http://www.kscroll.com

 

 

Telephone Number

02879628688

Fax Number

 

TPS

No

FPS

No

Incorporation Date

03/11/1999

Company Status

Active - Accounts Filed

Previous Name

GLOBAL CPD.COM LIMITED

Type

Private limited with Share Capital

Date of Change

06/04/2001

Filing Date of Accounts

23/12/2011

 

 

Share Capital

£100

SIC03

2875

Currency

GBP

SIC03 Description

MANUFACTURE OF OTHER FABRICATED METAL PRODUCTS

SIC07

25990

SIC07 Description

MANUFACTURE OF OTHER FABRICATED METAL PRODUCTS N.E.C.

Principal Activity

The design and manufacture of wrought iron products to include gates, railings and staircases.

 

 

DIRECTORS/MANAGEMENT

 

Total Current Directors

4

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

4

 

Current Directors

Name

Paul Kelly

Date of Birth

22/09/1967

Officers Title

Mr

Nationality

Irish

Present Appointments

2

Function

Director

Appointment Date

18/07/2001

 

 

Address

5 Shanmullagh Road, Draperstown, Co Londonderry, BT45 7BF

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Noel Kelly

Date of Birth

02/12/1976

Officers Title

Mr

Nationality

Irish

Present Appointments

2

Function

Director

Appointment Date

18/01/2012

 

 

Address

10 Crocknamohill Road, Draperstown, Co Derry, BT45 7LB

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Dermot Kelly

Date of Birth

01/01/1971

Officers Title

Mr

Nationality

Irish

Present Appointments

2

Function

Director

Appointment Date

18/01/2012

 

 

Address

10 Crocknamohill Road, Draperstown, Co Derry, BT45 7LB

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Liam Joseph Kelly

Date of Birth

01/08/1968

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

18/01/2012

 

 

Address

10 Crocknamohill Road, Draperstown, Co Derry, BT45 7LB

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

Current Company Secretary

Name

Anita Conway

Date of Birth

-

Officers Title

Ms

Nationality

 

Present Appointments

1

Function

Company Secretary

Appointment Date

20/11/2003

 

 

Address

41 Bradlay Park, Draperstown, Magherafelt, Derry, BT45 7JP

 

Previous Director/Company Secretaries

Name

Current Directorships

Previous Directorships

Martina O'Kane

0

1

Oonagh Kelly

0

1

James Joseph Kelly

0

1

Robert Desmond Palmer

33

2775

 

 

NEGATIVE INFORMATION

 

CCJ

Total Number of Exact CCJs -

1

Total Value of Exact CCJs -

£535

Total Number of Possible CCJs -

0

Total Value of Possible CCJs -

Total Number of Satisfied CCJs -

0

Total Value of Satisfied CCJs -

Total Number of Writs -

-

 

 

 

Exact CCJ Details

Date

Court

Amount

Status

Case Number

Date Paid

01/08/2007

CIVIL PROCESSING CENTRE

£535

Judgement

06/099953

-

 

Possible CCJ Details

There are no possible CCJ details

 

Writ Details

There are no writ details

 

Mortgage Summary

Outstanding

0

Satisfied

0

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Share Capital

£100

 

Top 20 Shareholders

Name

Individual Share Value

PAUL KELLY

31 ORDINARY GBP 1.00

LIAM KELLY

27 ORDINARY GBP 1.00

DERMOT KELLY

26 ORDINARY GBP 1.00

NOEL KELLY

16 ORDINARY GBP 1.00

 

 

PAYMENT INFORMATION

 

Payment Information Summary

Days Beyond Terms

Trend Indicator

Average Payment Experience

 

 

N/A

10

Company DBT

UK Average DBT

Steady

   

Improving Worsening

Be the first to leave a payment experience
for this company


Within Terms 91+ Days

 

 

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade Debtors / Bad Debt -

1

 

Total Value of Documented Trade Debtors / Bad Debt -

£6,253

 

 

 

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

 

Statistics

Group

0 companies

Linkages

0 companies

Countries

In 0 countries

 

 

FINANCIAL INFORMATION

 

Key Financials

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

31/03/2011

-

-

£443,924

-

31/03/2010

-

-

£525,496

-

31/03/2009

-

-

£526,940

-

 

Profit & Loss

 

Date Of Accounts

31/03/11

(%)

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

 

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

 

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

 

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

-

-

-

-

-

-

-

-

-

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

-

-

-

-

-

-

-

-

-

Gross Profit

-

-

-

-

-

-

-

-

-

Wages & Salaries

-

-

-

-

-

-

-

-

-

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

-

-

-

-

-

-

-

-

-

Depreciation

£30,521

12%

£27,259

8.5%

£25,132

16.7%

£21,534

4.9%

£20,527

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-

 

Balance Sheet

 

Date Of Accounts

31/03/11

(%)

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

Tangible Assets

£95,164

27.4%

£74,722

1.5%

£73,602

2.5%

£71,822

58%

£45,451

Intangible Assets

£15,905

-35.7%

£24,738

-26.3%

£33,569

-20.8%

£42,402

-19%

£52,318

Total Fixed Assets

£111,069

11.7%

£99,460

-7.2%

£107,171

-6.2%

£114,224

16.8%

£97,769

Stock

£74,316

-6.3%

£79,299

-14.8%

£93,074

-30.4%

£133,779

-10.4%

£149,338

Trade Debtors

£394,172

-1.1%

£398,737

2.5%

£388,984

9.2%

£356,348

12.1%

£317,877

Cash

£245,947

-34.2%

£373,517

30.1%

£287,146

0.1%

£286,807

-6.1%

£305,280

Other Debtors

0

-

0

-

0

-

0

-

0

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£714,435

-16.1%

£851,553

10.7%

£769,204

-1%

£776,934

0.6%

£772,495

Trade Creditors

£305,627

20.4%

£253,803

-9.5%

£280,305

14.4%

£245,062

6.8%

£229,436

Bank Loans & Overdrafts

0

-100%

£4,775

59.8%

£2,989

350.2%

£664

-

0

Other Short Term Finance

0

-

0

-

0

-

0

-

0

Miscellaneous Current Liabilities

0

-

0

-

0

-

0

-

0

Total Current Liabilities

£305,627

18.2%

£258,578

-8.7%

£283,294

15.3%

£245,726

7.1%

£229,436

Bank Loans & Overdrafts and LTL

£75,953

-55.8%

£171,714

148.4%

£69,130

-72.5%

£251,029

-45.1%

£456,929

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

£75,953

-54.5%

£166,939

152.4%

£66,141

-73.6%

£250,365

-45.2%

£456,929

 

Capital & Reserves

 

Date Of Accounts

31/03/11

(%)

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

Called Up Share Capital

£100

-

£100

-

£100

-

£100

-

£100

P & L Account Reserve

£443,824

-15.5%

£525,396

-0.3%

£526,840

33.4%

£394,967

114.9%

£183,799

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£443,924

-15.5%

£525,496

-0.3%

£526,940

33.4%

£395,067

114.8%

£183,899

 

Other Financial Items

 

Date Of Accounts

31/03/11

(%)

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

Net Worth

£428,019

-14.5%

£500,758

1.5%

£493,371

39.9%

£352,665

168%

£131,581

Working Capital

£408,808

-31.1%

£592,975

22%

£485,910

-8.5%

£531,208

-2.2%

£543,059

Total Assets

£825,504

-13.2%

£951,013

8.5%

£876,375

-1.7%

£891,158

2.4%

£870,264

Total Liabilities

£381,580

-10.3%

£425,517

21.8%

£349,435

-29.6%

£496,091

-27.7%

£686,365

Net Assets

£443,924

-15.5%

£525,496

-0.3%

£526,940

33.4%

£395,067

114.8%

£183,899

 

Miscellaneous

 

Date Of Accounts

31/03/11

(%)

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

 

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£519,877

-24.9%

£692,435

16.8%

£593,081

-8.1%

£645,432

0.7%

£640,828

 

Ratios

 

Date Of Accounts

31/03/11

31/03/10

31/03/09

31/03/08

31/03/07

Pre-tax profit margin %

-

-

-

-

-

Current ratio

2.34

3.29

2.72

3.16

3.37

Sales/Net Working Capital

-

-

-

-

-

Gearing %

17.10

32.70

13.10

63.50

248.50

Equity in %

54.80

56.70

62.50

46.50

22.50

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

2.09

2.98

2.38

2.61

2.72

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

0.68

0.49

0.53

0.62

1.24

Total Debt Ratio

0.85

0.80

0.66

1.25

3.73

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

 

 

ADDITIONAL INFORMATION

 

SIC03

2875

SIC03 Description

MANUFACTURE OF OTHER FABRICATED METAL PRODUCTS

SIC07

25990

SIC07 Description

MANUFACTURE OF OTHER FABRICATED METAL PRODUCTS N.E.C.

Principal Activity

The design and manufacture of wrought iron products to include gates, railings and staircases.

 

Number of Employees

-

-

-

-

-

-

-

-

-

 

Auditors

 

 

Auditor Comments

The company is exempt from audit

 

Bankers

BANK OF IRELAND LIMITED

 

Bank Branch Code

90-49-82

 

Status History

No Status History found

 

Event History

Date

Description

14/02/2012

New Board Member Mr L. Kelly appointed

14/02/2012

New Board Member Mr D. Kelly appointed

14/02/2012

New Board Member Mr N. Kelly appointed

10/01/2012

New Accounts Filed

02/12/2011

Annual Returns

04/02/2011

Annual Returns

20/01/2011

Annual Returns

08/01/2011

New Accounts Filed

05/05/2010

Annual Returns

23/02/2010

New Accounts Filed

09/10/2009

New Company Secretary Ms A. Conway appointed

09/10/2009

New Board Member Mr P. Kelly appointed

06/02/2009

New Accounts Filed

26/03/2008

CCJ RECORD (JUDGEMENT)

20/02/2008

New Accounts Filed

 

Previous Company Names

Date

Previous Name

06/04/2001

GLOBAL CPD.COM LIMITED

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.63

UK Pound

1

Rs.88.40

Euro

1

Rs.71.86

 

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%)

 

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.