MIRA INFORM REPORT

 

 

Report Date :           

03.02.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

MEADOWS & BYRNE MALAHIDE ROAD LIMITED

 

 

Registered Office :

Blarney Woollen Mills, Blarney,  Co Cork , Town Code 999937

 

 

Country :

Ireland

 

 

Financials (as on) :

31.01.2011

 

 

Date of Incorporation :

10.11.2008

 

 

Com. Reg. No.:

IE464169

 

 

Legal Form :

Private Company

 

 

Line of Business :

Retail Of Furniture, Household Articles

 

 

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

 

Maximum Credit Limit :

25,000 Euro

 

 

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

 

 

REGISTERED NAME & COMPANY SUMMARY

 

Name

MEADOWS & BYRNE MALAHIDE ROAD LIMITED

Number

IE464169

 

company summary

 

 

 

Type

Other

 

 

Address

BLARNEY WOOLLEN MILLS,
BLARNEY,
CO CORK

Company Status

Active - Accounts Filed

 

 

Town Code

999937

Incorporated Date

10/11/2008

 

company information

 

Registered Address

 

 

 

 

 

 

 

NDD

 

 

 

 

Address

 

 

BLARNEY WOOLLEN MILLS
BLARNEY
CO CORK

 

 

 

 

Web Address

 

Incorporation Date

10/11/2008

 

Type of Accounts

Full Accounts

Filing Date of Accounts

 

 

Company Type

Other

Date of Latest Accounts

31/01/2011

 

Annual Return

31/10/2011

 

 

 

 

 

Industry:

 

The operation of homestore outlets together with the operation of associated cafes.

 

 

 

 

 

 

 

 

 

 

 

SIC Code:

52440

 

SIC Description:

Retail Of Furniture, Household Articles

 

 

 

 

 

 

Mortgage Charges

 

Outstanding

1

Satisfied

0

 

 

 

 

 

 

Shareholders

 

Share Capital

100

Currency

Eur

 

 

 

 

 

CREDIT RECOMENDATION

 

Current Credit Limit:  25,000 Euro

 

DIRECTORS/MANAGEMENT

 

directors

 

 

 

Name

FREDA HAYES

View Consumer Report

 

Address

WOODLEY

 

 

 

ROCHESTOWN ROAD

 

 

CORK

 

Officers Title

 

Date Of Birth

01/09/1951

 

Honours

 

Present Appointments

18

 

Appointment Date

10/11/2008

Function

Director

 

 

 

 

 

 

 

 

Name

ROBERT REARDON

View Consumer Report

 

Address

2, ASHBROOK,

 

 

 

TERRYSLAND,

 

 

CARRIGTWOHILL,

 

 

CO. CORK.

 

Officers Title

 

Date Of Birth

22/09/1965

 

Honours

 

Present Appointments

41

 

Appointment Date

10/11/2008

Function

Company Secretary

 

 

 

 

 

 

 

 

Name

ROBERT REARDON

View Consumer Report

 

Address

2, ASHBROOK,

 

 

 

TERRYSLAND,

 

 

CARRIGTWOHILL,

 

 

CO. CORK.

 

Officers Title

 

Date Of Birth

22/09/1965

 

Honours

 

Present Appointments

41

 

Appointment Date

10/11/2008

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

 

Blarney Investments Ltd

100 Ordinary Eur 1.00

 

 

PAYMENT INFORMATION

 

Na

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Ultimate Holding Company

 

Safe Number

Company Name

 

Company Number

 

IE00311385

THE BLARNEY WOOLLEN MILLS GROUP

 

IE317389

 

 

group structure

 

 

Ultimate Holding Company

 

Safe Number

Company Name

 

Company Number

 

IE00311385

THE BLARNEY WOOLLEN MILLS GROUP

 

IE317389

Summary

 

 

 

Group - Number of companies:

9

 

 

 

Linkages - Number of companies:

0

 

 

 

Number of Countries:

0

 

 

 

 

 

 

 

Company Name

 

Safe Number

Number

Latest Key Financials

THE BLARNEY WOOLLEN MILLS GROUP

 

IE00311385

IE317389

31/01/2004

BUNRATTY WOOLLEN MILLS LIMITED

 

IE00150268

IE156136

31/12/2010

BLARNEY INVESTMENTS LIMITED

 

N/A

N/A

-

BUNRATTY SHOPPING VILLAGE ...

 

IE00230199

IE236067

31/01/2011

MONEYBACK LIMITED

 

IE00355685

IE363531

31/12/2010

HUMEDALE

 

IE00183286

IE189154

31/01/2004

MEADOWS & BYRNE

 

IE00198404

IE204272

31/01/2004

MEADOWS & BYRNE MALAHIDE R...

 

IE00455774

IE464169

31/01/2011

BWM PROPERTY LIMITED

 

IE00409479

IE417742

31/01/2011

 

 

 

Business Name

Business No.

Business Status

 

MEADOWS & BYRNE MALAHIDE ROAD LIMITED

IE464169

N/A

 

 

 

 

There are no other businesses related to this business.

 

 

FINANCIAL INFORMATION

 

accounts

profit & loss

 

Annual Accounts

02/10-01/11

Change (%)

02/09-01/10

Change (%)

11/08-01/09

 

Months

12

-

12

-

3

 

Currency

EUR

-

EUR

-

EUR

 

Consolidated A/cs

N

-

N

-

N

 

Turnover

1,382,755

-1.1 %

1,398,192

209.6 %

451,668

 

Export

-

-

-

-

-

 

Cost of Sales

658,534

-17.8 %

800,706

200.7 %

266,269

 

Gross Profit

724,221

21.2 %

597,486

222.3 %

185,399

 

Wages & Salaries

-

-

-

-

-

 

Directors Emoluments

-

-

-

-

-

 

Operating Profits

-

-

-

-

-

 

Depreciation

-

-

-

-

-

 

Audit Fees

2,040

-22.4 %

2,628

183.2 %

928

 

Interest Payments

-

-

-

-

-

 

Pre Tax Profit

38,407

-73.7 %

146,075

261.6 %

40,397

 

Taxation

-

-

-

-

-

 

Profit After Tax

38,407

-73.7 %

146,075

261.6 %

40,397

 

Dividends Payable

-

-

-

-

-

 

Retained Profits

38,407

-73.7 %

146,075

261.6 %

40,397

 

balance sheet

 

Annual Accounts

02/10-01/11

Change (%)

02/09-01/10

Change (%)

11/08-01/09

 

Tangible Assets

-

-

-

-

-

 

Intangible Assets

-

-

-

-

-

 

Total Fixed Assets

-

-

-

-

-

 

Total Current Assets

224,979

20.6 %

186,572

-25.0 %

248,712

 

Trade Debtors

-

-

-

-

-

 

Stocks & WIP

221,265

97.0 %

112,335

-54.8 %

248,712

 

Cash

-

-

-

-

-

 

Other Debtors

3,714

-95.0 %

74,237

-

-

 

Increase In Cash

-

-

-

-

0

 

Miscellaneous Current Assets

-

-

-

-

-

 

Total Assets

224,979

20.6 %

186,572

-25.0 %

248,712

 

Total Current Liabilities

-

-

-

-100.0 %

208,215

 

Trade Creditors

-

-

-

-

-

 

Bank Loans & Overdrafts

-

-

-

-

-

 

Other Short Term Fin

-

-

-

-100.0 %

208,215

 

Miscellaneous Current Liabilities

-

-

-

-

-

 

Other Long Term Fin

-

-

-

-

-

 

Total Long Term Liabilities

-

-

-

-

-

 

Bank Loans & Overdrafts & LTL

-

-

-

-

-

 

Total Liabilities

-

-

-

-100.0 %

208,215

 

Net Assets

224,979

20.6 %

186,572

360.7 %

40,497

 

Working Capital

224,979

20.6 %

186,572

360.7 %

40,497

 

capitals & reserves

 

Annual Accounts

02/10-01/11

Change (%)

02/09-01/10

Change (%)

11/08-01/09

 

Called up Share Capital

100

-

100

-

100

 

P&L Account Reserve

224,879

20.6 %

186,472

361.6 %

40,397

 

Sundry Reserves

-

-

-

-

-

 

Revaluation Reserve

-

-

-

-

-

 

Shareholder Funds

224,979

20.6 %

186,572

360.7 %

40,497

 

Net Worth

224,979

20.6 %

186,572

360.7 %

40,497

 

miscellaneous

 

Annual Accounts

02/10-01/11

Change (%)

02/09-01/10

Change (%)

11/08-01/09

 

Net Cashflow from Operations

-

-

-

-

-

 

Net Cashflow before Financing

-

-

-

-

-

 

Net Cashflow from Financing

-

-

-

-

-

 

Contingent Liability

NO

-

NO

-

NO

 

Capital Employed

224,979

20.6 %

186,572

360.7 %

40,497

 

No of Employees

-

-

-

-

-

     

Auditors

KPMG

 

AuditQualification

Adverse Comments

 

Bankers

ALLIED IRISH BANK

 

BankBranchCode

93-13-49

 

ratios

 

Annual Accounts

02/10-01/11

02/09-01/10

11/08-01/09

 

Pre-tax profit margin %

2.8 %

10.4 %

8.9 %

 

Current ratio

-

-

1.19

 

Sales/Net Working Capital

6.15

7.49

11.15

 

Gearing %

0.0 %

0.0 %

0.0 %

 

Equity in %

100.0 %

100.0 %

16.3 %

 

Creditor Days

-

-

-

 

Debtor Days

-

-

-

 

Liquidity/Acid Test

-

-

-

 

Return On Capital Employed %

17.1 %

78.3 %

99.8 %

 

Return On Total Assets Employed %

17.1 %

78.3 %

16.2 %

 

Current Debt Ratio %

-

-

5.1 %

 

Total Debt Ratio %

-

-

5.1 %

 

Stock Turnover Ratio %

16.0 %

8.0 %

55.1 %

 

Return on Net Assets Employed %

17.1 %

78.3 %

99.8 %

 

FOREIGN EXCHANGE RATES

 

Na

ADDITIONAL INFORMATION

 

Exact Active CJ's

0

 

 

 

Exact Value of CJ's [€]

€0

 

 

 

Possible Active CJ's

0

 

 

 

 

 

 

 

 

Current Directors

3

 

 

Total Directorships

59

 

 

 

Trading to Date

31/01/11

31/01/10

31/01/09

 

Turnover

€1,382,755

€1,398,192

€451,668

 

Shareholder Funds

€224,979

€186,572

€40,497

 

Employees

-

-

-

 

Secondary Industry Code Details

 

 

 

 

SIC Code

Description

 

52440

Retail Of Furniture, Household Articles

 

 

Mortgage Details

 

 

 

Mortgage Type:

A charge on uncalled share capital of the company. A charge created or evidenced by an instrument which, if executed by an individual, would require registration as a bill of sale. A charge on land, wherever situate, or any interest therein, but not including a charge for any rent or other periodical sum issuing out of land. A charge on book debts of the company. A floating charge on the undertakings or property of the company. A charge on goodwill, on a patent or licence under a patent, on a trademark or on a copyright or a licence under copyright.

 

Date Charge Created:

16/06/2009

Date Charge Registered:

18/06/2009

 

Date Charge Satisfied:

 

Status:

NOT SATISFIED

 

Person(s) Entitled:

ULSTER BANK IRELAND LIMITED

 

Amount Secured:

 

 

Details:

 

 

 

Event History

 

 

 

Date

Description

17/11/2011

Annual Returns

17/11/2011

New Accounts Filed

15/11/2010

Annual Returns

15/11/2010

New Accounts Filed

17/11/2009

Annual Returns

17/11/2009

New Accounts Filed

08/06/2009

Annual Returns

10/11/2008

New Board Member (robert Reardon) Appointed

10/11/2008

New Company Secretary (robert Reardon) Appointed

10/11/2008

New Board Member (freda Hayes) Appointed

 

 

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.64.78

 

 

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.