MIRA INFORM REPORT

 

 

Report Date :

07.02.2012

 

IDENTIFICATION DETAILS

 

Name :

J. W. BALFOUR LIMITED

 

 

Formerly Known As :

SERVCO LIMITED

 

 

Registered Office :

Unit 6 Phoenix Industrial Estate, Navan Road, Ashtown, Dublin 15

 

 

Country :

Ireland

 

 

Financials (as on) :

31.01.2011

 

 

Date of Incorporation :

04.09.1989

 

 

Legal Form :

Private Limited With Share Capital

 

 

Line of Business :

Specialize in various industry specific uniforms

 

 

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

 

Maximum Credit Limit :

115,000 Eur

Status :

Good

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 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

 

J. W. BALFOUR LIMITED

 

 

Type

Private limited with Share Capital

 

 

Address

UNIT 6 PHOENIX INDUSTRIAL ESTATE,
NAVAN ROAD,
ASHTOWN,
DUBLIN 15

Company Status

Active - Accounts Filed

 

 

Town Code

216410

Incorporated Date

04/09/1989

 

 

 

company information

 

 

 

Registered Address

 

 

NDD

N

 

 

 

Address

 

 

UNIT 6 PHOENIX INDUSTRIAL ESTATE
NAVAN ROAD
ASHTOWN
DUBLIN 15

 

 

 

 

Web Address

 

Incorporation Date

04/09/1989

 

Type of Accounts

Small Company

Filing Date of Accounts

 

 

Company Type

Private Limited With Share Capital

Date of Latest Accounts

31/01/2011

 

Annual Return

25/07/2011

 

 

 

 

CREDIT RECOMMENDATION

 

Current Credit Limit:  115,000 Eur

 

 

DIRECTORS/MANAGEMENT

 

Current Directors

3

 

 

Total Directorships

10

 

directors

View Previous Directors  

 

 

Name

LORCAN BROPHY

View Consumer Report

 

Address

1 CARPENTERSTOWN MANOR

 

 

 

CARPENTERSTOWN

 

 

DUBLIN 15

 

Officers Title

 

Date Of Birth

25/05/1960

 

Honours

 

Present Appointments

6

 

Appointment Date

22/12/1997

Function

Company Secretary

 

 

 

 

 

 

 

 

Name

LORCAN BROPHY

View Consumer Report

 

Address

1 CARPENTERSTOWN MANOR

 

 

 

CARPENTERSTOWN

 

 

DUBLIN 15

 

Officers Title

 

Date Of Birth

25/05/1960

 

Honours

 

Present Appointments

6

 

Appointment Date

22/12/1997

Function

Director

 

 

 

 

 

 

 

 

Name

CATHERINE BROPHY

View Consumer Report

 

Address

1 CARPENTERSTOWN MANOR

 

 

 

CARPENTERSTOWN

 

 

DUBLIN 15

 

Officers Title

 

Date Of Birth

05/04/1966

 

Honours

 

Present Appointments

4

 

Appointment Date

20/10/2001

Function

Director

 

 

 

 

 

 

 

NEGATIVE INFORMATION

 

 

Exact Active CJ's

0

 

 

 

Exact Value of CJ's [€]

€0

 

 

 

Possible Active CJ's

0

 

 

 

 

 

 

 

 

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

 

Share Capital

101579.04

Currency

Eur

 

Shareholders Details

 

 

 

Name

Shares

 

Visionclean Ltd

78,000 Ordinary Eur 1.27

 

Lorcan Brophy

2,000 Ordinary Eur 1.27

 

 

PAYMENT INFORMATION

 

Na

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Ultimate Holding Company

 

Safe Number

Company Name

 

Company Number

 

IE00230001

VISIONCLEAN LIMITED

 

IE235869

 

group structure

 

 

Ultimate Holding Company

 

Safe Number

Company Name

 

Company Number

 

IE00230001

VISIONCLEAN LIMITED

 

IE235869

 

 

Summary

 

 

Group - Number of companies:

2

 

Linkages - Number of companies:

0

 

Number of Countries:

0

 

         

 

 

Company Name

 

Safe Number

Number

Latest Key Financials

Rating

Limit

 

VISIONCLEAN LIMITED

 

IE00230001

IE235869

31/01/2011

89

€10,000

IRELAND

J. W. BALFOUR LIMITED

 

IE00143148

IE149016

31/01/2011

95

€115,000

IRELAND

 

 

Business Name

Business No.

Business Status

 

J. W. BALFOUR LIMITED

IE149016

N/A

 

There are no other businesses related to this business.

 

 

FINANCIAL INFORMATION

 

Trading to Date

31/01/11

31/01/10

31/01/09

 

Turnover

-

-

-

 

Shareholder Funds

€2,665,137

€2,601,313

€2,558,985

 

Employees

-

-

-

 

accounts

profit & loss

 

 

Annual Accounts

02/10-01/11

Change (%)

02/09-01/10

Change (%)

02/08-01/09

 

 

Months

12

-

12

-

12

 

 

Currency

EUR

-

EUR

-

EUR

 

 

Consolidated A/cs

N

-

N

-

N

 

 

Turnover

-

-

-

-

-

 

 

Export

-

-

-

-

-

 

 

Cost of Sales

-

-

-

-

-

 

 

Gross Profit

-

-

-

-

-

 

 

Wages & Salaries

-

-

-

-

-

 

 

Directors Emoluments

-

-

-

-

-

 

 

Operating Profits

-

-

-

-

-

 

Depreciation

16,913

-5.0 %

17,806

-9.4 %

19,656

 

 

Audit Fees

-

-

-

-

-

 

 

Interest Payments

-

-

-

-

-

 

 

Pre Tax Profit

-

-

-

-

-

 

 

Taxation

-

-

-

-

-

 

 

Profit After Tax

-

-

-

-

-

 

 

Dividends Payable

-

-

-

-

-

 

 

Retained Profits

-

-

-

-

-

 

balance sheet

 

 

Annual Accounts

02/10-01/11

Change (%)

02/09-01/10

Change (%)

02/08-01/09

 

Tangible Assets

242,609

-6.4 %

259,191

6.7 %

242,839

 

 

Intangible Assets

-

-

-

-

-

 

Total Fixed Assets

242,609

-6.4 %

259,191

6.7 %

242,839

 

Total Current Assets

2,596,122

3.0 %

2,519,733

-0.1 %

2,521,002

 

Trade Debtors

670,993

0.9 %

664,828

-0.6 %

668,625

 

Stocks & WIP

516,124

15.2 %

448,113

-8.1 %

487,782

 

Cash

1,409,005

0.2 %

1,406,792

3.1 %

1,364,595

 

 

Other Debtors

-

-

-

-

-

 

Increase In Cash

2,213

-94.8 %

42,197

-87.7 %

341,952

 

 

Miscellaneous Current Assets

-

-

-

-

-

 

Total Assets

2,838,731

2.2 %

2,778,924

0.5 %

2,763,841

 

Total Current Liabilities

173,594

-2.3 %

177,611

-13.3 %

204,856

 

Trade Creditors

173,594

-2.3 %

177,611

-13.3 %

204,856

 

 

Bank Loans & Overdrafts

-

-

-

-

-

 

 

Other Short Term Fin

-

-

-

-

-

 

 

Miscellaneous Current Liabilities

-

-

-

-

-

 

 

Other Long Term Fin

-

-

-

-

-

 

 

Total Long Term Liabilities

-

-

-

-

-

 

 

Bank Loans & Overdrafts & LTL

-

-

-

-

-

 

Total Liabilities

173,594

-2.3 %

177,611

-13.3 %

204,856

 

Net Assets

2,665,137

2.5 %

2,601,313

1.7 %

2,558,985

 

Working Capital

2,422,528

3.4 %

2,342,122

1.1 %

2,316,146

 

capitals & reserves

 

 

Annual Accounts

02/10-01/11

Change (%)

02/09-01/10

Change (%)

02/08-01/09

 

Called up Share Capital

101,579

-

101,579

-

101,579

 

P&L Account Reserve

2,467,114

2.7 %

2,403,290

1.8 %

2,360,962

 

Sundry Reserves

96,444

-

96,444

-

96,444

 

 

Revaluation Reserve

-

-

-

-

-

 

Shareholder Funds

2,665,137

2.5 %

2,601,313

1.7 %

2,558,985

 

Net Worth

2,665,137

2.5 %

2,601,313

1.7 %

2,558,985

 

miscellaneous

 

 

Annual Accounts

02/10-01/11

Change (%)

02/09-01/10

Change (%)

02/08-01/09

 

 

Net Cashflow from Operations

-

-

-

-

-

 

 

Net Cashflow before Financing

-

-

-

-

-

 

 

Net Cashflow from Financing

-

-

-

-

-

 

 

Contingent Liability

NO

-

NO

-

NO

 

Capital Employed

2,665,137

2.5 %

2,601,313

1.7 %

2,558,985

 

 

No of Employees

-

-

-

-

-

     

Auditors

WHITE DOWLING AND ASSOCIATES

 

AuditQualification

No Adverse Comments

 

Bankers

BANK OF IRELAND

 

BankBranchCode

90-00-33

 

ratios

 

 

Annual Accounts

02/10-01/11

02/09-01/10

02/08-01/09

 

 

Pre-tax profit margin %

-

-

-

 

Current ratio

14.96

14.19

12.31

 

 

Sales/Net Working Capital

-

-

-

 

Gearing %

0.0 %

0.0 %

0.0 %

 

Equity in %

93.9 %

93.6 %

92.6 %

 

 

Creditor Days

-

-

-

 

 

Debtor Days

-

-

-

 

Liquidity/Acid Test

11.98

11.66

9.92

 

 

Return On Capital Employed %

-

-

-

 

 

Return On Total Assets Employed %

-

-

-

 

Current Debt Ratio %

0.1 %

0.1 %

0.1 %

 

Total Debt Ratio %

0.1 %

0.1 %

0.1 %

 

 

Stock Turnover Ratio %

-

-

-

 

 

Return on Net Assets Employed %

-

-

-

 

FOREIGN EXCHANGE RATES

 

Na

 

 

ADDITIONAL INFORMATION

 

Previous Name(s)

 

Changed:

 

Servco Limited

 

 

 

 

 

 

Industry:

 

 

 

Mortgage Charges

 

Outstanding

1

Satisfied

0

 

 

 

 

Previous Names Details

 

 

 

Previous Name(s)

 

Changed :

 

Servco Limited

 

 

Mortgage Details

 

 

 

Mortgage Type:

A DEBENTURE.

 

Date Charge Created:

31/07/1991

Date Charge Registered:

12/08/1991

 

Date Charge Satisfied:

 

Status:

NOT 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

 

 

 

Event History

 

Date

Description

27/08/2011

New Accounts Filed

26/08/2011

Annual Returns

24/06/2010

Annual Returns

24/06/2010

New Accounts Filed

29/09/2009

Annual Returns

28/09/2009

New Accounts Filed

28/09/2009

New Accounts Filed

30/06/2008

Annual Returns

26/06/2008

Annual Returns

25/06/2008

New Accounts Filed

25/06/2008

New Accounts Filed

20/10/2001

New Board Member (catherine Brophy) Appointed

22/12/1997

New Board Member (lorcan Brophy) Appointed

22/12/1997

New Company Secretary (lorcan Brophy) Appointed

02/08/1996

Lorcan Brophy Has Left The Board

 

 

 

NOTES & COMMENTS

 

Na

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.67

UK Pound

1

Rs.76.75

Euro

1

Rs.63.56

 

 

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.