MIRA INFORM REPORT

 

 

Report Date :

03.02.2012

 

 

IDENTIFICATION DETAILS

 

Name :

A. F. O'LEARY & COMPANY LIMITED.

 

 

Registered Office :

Unit 1300 Blarney Business Park, Blarney, Co Cork, 180014

 

 

Country :

Ireland

 

 

Financials (as on) :

January 2010

 

 

Date of Incorporation :

22.10.1971

 

 

Legal Form :

--

 

 

Line of Business :

Wholesale Of Other Household Goods

 

 

No. of Employees :

18

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

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 – September 30, 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

 

REGISTERED NAME & COMPANY SUMMARY

 

 

Name

A. F. O'LEARY & COMPANY LIMITED.

Number

IE035487

 

company summary

 

 

 

Type

Other

 

 

Address

Unit 1300 Blarney Business Park,
Blarney,
Co Cork,
Co Cork

Company Status

Financial Statements too old

 

 

Town Code

180014

Incorporated Date

22/10/1971

 

company information

 

Registered Address

 

 

 

 

 

 

 

NDD

N

 

 

 

Address

 

 

Unit 1300 Blarney Business Park
Blarney
Co Cork
Co Cork

 

 

 

 

Web Address

 

Incorporation Date

22/10/1971

 

Type of Accounts

Medium Company

Filing Date of Accounts

 

 

Company Type

Other

Date of Latest Accounts

31/01/2010

 

Annual Return

30/07/2010

 

 

 

 

 

Industry:

 

The wholesale of textiles, furniture and hardware.

 

 

 

 

 

 

 

 

 

 

 

SIC Code:

51471

 

SIC Description:

Wholesale Of Other Household Goods

 

 

 

 

 

 

Mortgage Charges

 

Outstanding

2

Satisfied

3

 

DIRECTORS/MANAGEMENT

 

directors

View Previous Directors  

 

 

Name

DENIS RYAN

View Consumer Report

 

Address

78 Rossmore Lawn,

 

 

 

Templeogue,

 

 

Dublin 6W

 

Officers Title

 

Date Of Birth

01/12/1962

 

Honours

 

Present Appointments

1

 

Appointment Date

18/05/2006

Function

Director

 

 

 

 

 

 

 

 

Name

MARY O'LEARY

View Consumer Report

 

Address

ESTORIL

 

 

 

HETTYFIELD

 

 

DOUGLAS

 

 

CORK

 

Officers Title

 

Date Of Birth

07/12/1960

 

Honours

 

Present Appointments

3

 

Appointment Date

23/10/2004

Function

Company Secretary

 

 

 

 

 

 

 

 

Name

MARY O'LEARY

View Consumer Report

 

Address

ESTORIL

 

 

 

HETTYFIELD

 

 

DOUGLAS

 

 

CORK

 

Officers Title

 

Date Of Birth

07/12/1960

 

Honours

 

Present Appointments

3

 

Appointment Date

23/10/2004

Function

Director

 

 

 

 

 

 

 

 

Name

AIDEN O'LEARY

View Consumer Report

 

Address

ESTORIL

 

 

 

HETTYFIELD

 

 

DOUGLAS

 

 

CORK

 

Officers Title

 

Date Of Birth

11/03/1959

 

Honours

 

Present Appointments

3

 

Appointment Date

08/06/1982

Function

Director

 

NEGATIVE INFORMATION

 

ccj's

 

 

Exact Active CJ's

0

 

 

 

Exact Value of CJ's [€]

€0

 

 

 

Possible Active CJ's

0

 

 

 

 

 

 

 

Unregistered

 

CJ's

 

 

 

 

Year

Exact CJ's

Possible CJ's

 

 

 

 

 

 

 

EXACT CJ DETAILS

 

Date

Court

Amount

Status

Case Number

Date Paid

 

 

 

 

 

 

 

 

 

POSSIBLE CJ DETAILS
Possible CCJ matches show CCJs that may be matched to a company based on various criteria such as similar trading names or addresses. This data is provided for your information only as an aid to decision-making and does not affect a company’s rating.

 

Date

Court

Amount

Status

Case Number

Date Paid

Incoming Record Details

 

 

 

 

 

 

 

 

 

Registered

 

CJ's

 

 

 

Year

Exact CJ's

Possible CJ's

 

EXACT CJ DETAILS

 

Date

Court

Amount

Status

Case Number

Date Paid

 

 

 

 

 

 

 

 

POSSIBLE CJ DETAILS
Possible CCJ matches show CCJs that may be matched to a company based on various criteria such as similar trading names or addresses. This data is provided for your information only as an aid to decision-making and does not affect a company’s rating.

 

Date

Court

Amount

Status

Case Number

Date Paid

Incoming Record Details

 

 

 

 

 

 

 

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Shareholders Details

 

 

 

Name

Shares

 

Aiden O'leary

15,000 Ordinary Eur 1.27

Shareholders

 

Share Capital

19046.07

Currency

Eur

 

PAYMENT INFORMATION

 

Na

 

GROUP STRUCTURE & AFFILIATED COMPANIES

group structure

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary

 

 

 

 

 

 

 

 

 

 

 

 

 

Group - Number of companies:

 

 

0

 

 

 

 

 

 

 

 

 

 

Linkages - Number of companies:

 

 

0

 

 

 

 

 

 

 

 

 

 

Number of Countries:

 

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business Name

Business No.

Business Status

 

A. F. O'LEARY & COMPANY LIMITED.

IE35487

N/A

 

 

 

 

 

 

 

 

 

 

 

There are no other businesses related to this business.

 

 

 

 

 

 

FINANCIAL INFORMATION

 

accounts

profit & loss

 

 

Annual Accounts

02/09-01/10

Change (%)

02/08-01/09

Change (%)

02/07-01/08

 

Months

12

-

12

-

12

 

Currency

EUR

-

EUR

-

EUR

 

Consolidated A/cs

N

-

N

-

N

 

Turnover

-

-

-

-

-

 

Export

-

-

-

-

-

 

Cost of Sales

-

-

-

-

-

 

Gross Profit

1,338,612

-59.4 %

3,297,873

49.9 %

2,200,596

 

Wages & Salaries

907,229

-18.8 %

1,116,599

-6.9 %

1,199,895

 

Directors Emoluments

273,990

-12.6 %

313,587

-3.2 %

324,084

 

Operating Profits

-1,026,665

-335.2 %

436,426

-88.7 %

3,872,524

 

Depreciation

160,222

2.6 %

156,223

14.4 %

136,533

 

Audit Fees

4,900

12.9 %

4,339

-1.2 %

4,390

 

Interest Payments

122,868

-63.0 %

331,901

10.9 %

299,148

 

Pre Tax Profit

-1,146,183

-1,116.1 %

112,802

-96.9 %

3,619,701

 

Taxation

20,541

178.2 %

-26,259

96.3 %

-703,013

 

Profit After Tax

-1,125,642

-1,400.7 %

86,543

-97.0 %

2,916,688

 

Dividends Payable

-

-

-

-

-

 

Retained Profits

-1,125,642

-1,400.7 %

86,543

-97.0 %

2,916,688

 

balance sheet

 

 

Annual Accounts

02/09-01/10

Change (%)

02/08-01/09

Change (%)

02/07-01/08

 

Tangible Assets

986,472

-8.9 %

1,082,598

-1.3 %

1,096,514

 

Intangible Assets

-

-

-

-

-

 

Total Fixed Assets

986,472

-8.9 %

1,082,598

-1.3 %

1,096,514

 

Total Current Assets

6,949,793

-18.6 %

8,535,324

11.9 %

7,624,322

 

Trade Debtors

831,066

-38.4 %

1,349,884

256.3 %

378,846

 

Stocks & WIP

5,942,441

-12.9 %

6,821,342

25.1 %

5,454,553

 

Cash

99,270

-8.0 %

107,953

-90.9 %

1,188,164

 

Other Debtors

56,475

-78.0 %

256,145

-48.0 %

492,738

 

Increase In Cash

-8,683

99.2 %

-1,080,211

-194.4 %

1,144,236

 

Miscellaneous Current Assets

20,541

-

-

-100.0 %

110,021

 

Total Assets

7,936,265

-17.5 %

9,617,922

10.3 %

8,720,836

 

Total Current Liabilities

4,180,762

-10.9 %

4,689,609

22.0 %

3,844,959

 

Trade Creditors

3,157,319

-3.8 %

3,283,056

-3.7 %

3,408,673

 

Bank Loans & Overdrafts

599,389

-35.9 %

935,690

-

-

 

Other Short Term Fin

150,228

-0.3 %

150,663

-4.1 %

157,122

 

Miscellaneous Current Liabilities

273,826

-14.5 %

320,200

14.7 %

279,164

 

Other Long Term Fin

127,642

-27.0 %

174,810

-16.3 %

208,917

 

Total Long Term Liabilities

127,642

-27.0 %

174,810

-16.3 %

208,917

 

Bank Loans & Overdrafts & LTL

727,031

-34.5 %

1,110,500

431.6 %

208,917

 

Total Liabilities

4,308,404

-11.4 %

4,864,419

20.0 %

4,053,876

 

Net Assets

3,627,861

-23.7 %

4,753,503

1.9 %

4,666,960

 

Working Capital

2,769,031

-28.0 %

3,845,715

1.8 %

3,779,363

 

capitals & reserves

 

 

Annual Accounts

02/09-01/10

Change (%)

02/08-01/09

Change (%)

02/07-01/08

 

Called up Share Capital

19,046

-

19,046

-

19,046

 

P&L Account Reserve

3,608,815

-23.8 %

4,734,457

1.9 %

4,647,914

 

Sundry Reserves

-

-

-

-

-

 

Revaluation Reserve

-

-

-

-

-

 

Shareholder Funds

3,627,861

-23.7 %

4,753,503

1.9 %

4,666,960

 

Net Worth

3,627,861

-23.7 %

4,753,503

1.9 %

4,666,960

 

 

Miscellaneous

 

 

Annual Accounts

02/09-01/10

Change (%)

02/08-01/09

Change (%)

02/07-01/08

 

Net Cashflow from Operations

589,040

136.1 %

-1,633,936

-21.9 %

-1,340,116

 

Net Cashflow before Financing

422,557

121.7 %

-1,943,177

-204.8 %

1,854,362

 

Net Cashflow from Financing

-94,939

-30.5 %

-72,724

67.3 %

-222,557

 

Contingent Liability

NO

-

NO

-

NO

 

Capital Employed

3,755,503

-23.8 %

4,928,313

1.1 %

4,875,877

 

No of Employees

18

-10.0 %

20

-9.1 %

22

     

Auditors

THOS GOODALL & SON

 

AuditQualification

No Adverse Comments

 

Bankers

ALLIED IRISH BANK

 

BankBranchCode

 

 

Ratios

 

 

Annual Accounts

02/09-01/10

02/08-01/09

02/07-01/08

 

Pre-tax profit margin %

-

-

-

 

Current ratio

1.66

1.82

1.98

 

Sales/Net Working Capital

-

-

-

 

Gearing %

20.0 %

23.4 %

4.5 %

 

Equity in %

45.7 %

49.4 %

53.5 %

 

Creditor Days

-

-

-

 

Debtor Days

-

-

-

 

Liquidity/Acid Test

0.24

0.36

0.56

 

Return On Capital Employed %

-30.5 %

2.3 %

74.2 %

 

Return On Total Assets Employed %

-14.4 %

1.2 %

41.5 %

 

Current Debt Ratio %

1.2 %

1.0 %

0.8 %

 

Total Debt Ratio %

1.2 %

1.0 %

0.9 %

 

Stock Turnover Ratio %

-

-

-

 

Return on Net Assets Employed %

-31.6 %

2.4 %

77.6 %

 

FOREIGN EXCHANGE RATES

 

Na

 

ADDITIONAL INFORMATION

 

Secondary Industry Code Details

 

 

 

SIC Code

Description

 

51471

Wholesale Of Other Household Goods

 

 

Mortgage Details

 

 

 

Mortgage Type:

A DEBENTURE.

 

Date Charge Created:

01/07/1996

Date Charge Registered:

11/07/1996

 

Date Charge Satisfied:

 

Status:

NOT SATISFIED

 

Person(s) Entitled:

AIB COMMERCIAL SERVICES LIMITED

 

Amount Secured:

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

 

Details:

 

 

 

 

 

Mortgage Type:

A MORTGAGE DEBENTURE.

 

Date Charge Created:

10/06/1996

Date Charge Registered:

17/06/1996

 

Date Charge Satisfied:

 

Status:

NOT SATISFIED

 

Person(s) Entitled:

ICC BANK PLC

 

Amount Secured:

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

 

Details:

 

 

 

 

 

Mortgage Type:

A DEBENTURE.

 

Date Charge Created:

06/10/1995

Date Charge Registered:

16/10/1995

 

Date Charge Satisfied:

06/05/2004

Status:

FULLY SATISFIED

 

Person(s) Entitled:

THE GOVERNOR & CO OF THE BANK OF IRELAND

 

Amount Secured:

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

 

Details:

 

 

 

 

 

Mortgage Type:

EQUITABLE MORTGAGE - DEPOSIT TITLE DEEDS/LAND.

 

Date Charge Created:

26/02/1991

Date Charge Registered:

04/03/1991

 

Date Charge Satisfied:

31/05/2002

Status:

FULLY SATISFIED

 

Person(s) Entitled:

ALLIED IRISH BANKS PLC

 

Amount Secured:

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

 

Details:

 

 

 

 

 

Mortgage Type:

AN EQUITABLE MORTGAGE BY DEPOSIT OF TITLE DEE.

 

Date Charge Created:

04/10/1988

Date Charge Registered:

12/10/1988

 

Date Charge Satisfied:

31/05/2002

Status:

FULLY SATISFIED

 

Person(s) Entitled:

ALLIED IRISH BANKS PLC

 

Amount Secured:

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

 

Details:

 

 

 

 

EVENT HISTORY

 

 

Date

Description

28/08/2010

Annual Returns

27/08/2010

New Accounts Filed

27/08/2010

New Accounts Filed

04/11/2009

Annual Returns

04/11/2009

New Accounts Filed

26/09/2008

Annual Returns

25/09/2008

New Accounts Filed

07/12/2007

Annual Returns

05/12/2007

New Accounts Filed

18/05/2006

New Board Member (denis Ryan) Appointed

23/10/2004

Kathleen O'leary Has Resigned As Company Secretary

23/10/2004

Kathleen O'leary Has Left The Board

23/10/2004

New Company Secretary (mary O'leary) Appointed

23/10/2004

New Board Member (mary O'leary) Appointed

01/02/1996

Desmond Gerard O'leary Has Left The Board

 

NOTES & COMMENTS

 

Na

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.13

UK Pound

1

Rs.77.85

Euro

1

Rs.64.75

 

 

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.