MIRA INFORM REPORT

 

 

Report Date :           

17.01.2012

 

IDENTIFICATION DETAILS

 

Name :

MANOR STONE QUARRIES LIMITED

 

 

Registered Office :

Tentore, Ballacolla, Co Laoise

 

 

Country :

Ireland

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

06.03.2001

 

 

Com. Reg. No.:

IE339919

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

The quarrying and retail of stone and stone by products

 

 

No. of Employees :

33

 

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 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

MANOR STONE QUARRIES LIMITED

Number

IE339919

 

Company Summary

Type

Private limited with Share Capital

 

 

 

Address

TENTORE,
BALLACOLLA,
CO LAOISE,
CO LAOISE

Company Status

Financial Statements too old

 

 

Town Code

 

Incorporated Date

06/03/2001

 

 

company information

 

 

Registered Address

 

 

 

 

 

 

 

NDD

N

 

 

 

Address

 

 

TENTORE
BALLACOLLA
CO LAOISE
CO LAOISE

 

 

 

 

Web Address

 

Incorporation Date

06/03/2001

 

Type of Accounts

Medium Company

Filing Date of Accounts

 

 

Company Type

Private Limited With Share Capital

Date of Latest Accounts

31/12/2009

 

Annual Return

16/09/2010

 

 

 

 

 

Industry:

 

The quarrying and retail of stone and stone by products.

 

 

 

 

 

 

 

 

 

 

 

SIC Code:

14110

 

SIC Description:

Quarrying Of Stone For Construction

 

 

 

 

 

 

Mortgage Charges

 

Outstanding

3

Satisfied

0

 

 

 

 

 

 

Shareholders

 

Share Capital

2.54

Currency

Eur

 

 

 

 

 

 

 

 

Secondary Industry Code Details

 

 

 

SIC Code

Description

 

14110

Quarrying Of Stone For Construction

 

 

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 calls made but not paid. 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:

16/11/2007

Date Charge Registered:

22/11/2007

 

Date Charge Satisfied:

 

Status:

NOT SATISFIED

 

Person(s) Entitled:

ALLIED IRISH BANKS PLC

 

Amount Secured:

 

 

Details:

 

 

 

 

 

Mortgage Type:

A charge on book debts of the company.

 

Date Charge Created:

10/05/2006

Date Charge Registered:

16/05/2006

 

Date Charge Satisfied:

 

Status:

NOT SATISFIED

 

Person(s) Entitled:

AIB COMMERCIAL SERVICES LIMITED

 

Amount Secured:

 

 

Details:

 

 

 

 

 

Mortgage Type:

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.

 

Date Charge Created:

15/11/2004

Date Charge Registered:

25/11/2004

 

Date Charge Satisfied:

 

Status:

NOT SATISFIED

 

Person(s) Entitled:

ALLIED IRISH BANKS PLC

 

Amount Secured:

 

 

Details:

 

 

 

 

 

CREDIT RECOMENDATION

 

Current Credit Limit: No credit limit recommended.

 

DIRECTORS/MANAGEMENT

 

Directors

  

 

 

Name

THOMAS HENNESSY

 

 

Address

TENTORE

 

 

 

BALLACOLLA

 

 

CO. LAOIS

 

Officers Title

 

Date Of Birth

07/07/1969

 

Honours

 

Present Appointments

1

 

Appointment Date

31/01/2008

Function

Company Secretary

 

 

 

 

 

 

 

 

 

Name

THOMAS HENNESSY

 

 

Address

TENTORE

 

 

 

BALLACOLLA

 

 

CO LAOIS

 

Officers Title

 

Date Of Birth

07/07/1961

 

Honours

 

Present Appointments

5

 

Appointment Date

06/03/2001

Function

Director

 

 

 

 

 

 

 

 

 

Name

PATRICK HENNESSY

 

 

Address

TENTORE

 

 

 

BALLACOLLA

 

 

CO LAOISE

 

Officers Title

 

Date Of Birth

07/07/1970

 

Honours

 

Present Appointments

3

 

Appointment Date

06/03/2001

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

 

Thomas Hennessy

1 Ordinary Eur 1.27

 

Patrick Hennessy

1 Ordinary Eur 1.27

 

 

PAYMENT INFORMATION

 

Na

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Group Structure

 

Summary

 

 

Group - Number of companies:

0

 

Linkages - Number of companies:

0

 

Number of Countries:

0

 

             

Where you see these flags click straight through for a Creditsafe online report.

 

  No group structure available for this company.

 

 

 

 

 

Business Name

Business No.

Business Status

 

MANOR STONE QUARRIES LIMITED

IE339919

N/A

 

 

There are no other businesses related to this business

 

 

 FINANCIAL INFORMATION

 

accounts

Profit & Loss

 

Annual Accounts

01/09-12/09

Change (%)

01/08-12/08

Change (%)

01/07-12/07

 

Months

12

-

12

-

12

 

Currency

EUR

-

EUR

-

EUR

 

Consolidated A/cs

N

-

N

-

N

 

Turnover

-

-

-

-

-

 

Export

-

-

-

-

-

 

Cost of Sales

-

-

-

-

-

 

Gross Profit

1,763,354

-43.8 %

3,137,690

-21.9 %

4,017,753

 

Wages & Salaries

1,072,312

-48.0 %

2,062,157

-20.2 %

2,585,763

 

Directors Emoluments

103,875

-24.0 %

136,687

23.7 %

110,507

 

Operating Profits

-325,535

53.1 %

-694,154

-296.6 %

353,143

 

Depreciation

282,012

4.7 %

269,270

-8.0 %

292,703

 

Audit Fees

3,000

-

3,000

-

3,000

 

Interest Payments

121,942

-56.3 %

278,771

187.5 %

96,973

 

Pre Tax Profit

-447,477

54.0 %

-972,925

-480.1 %

255,995

 

Taxation

-

-100.0 %

53,741

200.0 %

-53,741

 

Profit After Tax

-447,477

51.3 %

-919,184

-554.5 %

202,254

 

Dividends Payable

-

-

-

-

-

 

Retained Profits

-447,477

51.3 %

-919,184

-554.5 %

202,254

 

Balance Sheet

 

Annual Accounts

01/09-12/09

Change (%)

01/08-12/08

Change (%)

01/07-12/07

 

Tangible Assets

1,762,577

-10.2 %

1,963,502

-9.2 %

2,163,375

 

Intangible Assets

-

-

-

-

-

 

Total Fixed Assets

1,762,577

-10.2 %

1,963,502

-9.2 %

2,163,375

 

Total Current Assets

3,720,988

-26.7 %

5,073,487

5.7 %

4,801,334

 

Trade Debtors

600,598

-11.1 %

675,498

-53.3 %

1,445,920

 

Stocks & WIP

3,098,890

-29.1 %

4,368,831

31.7 %

3,316,758

 

Cash

101

-96.7 %

3,021

-92.2 %

38,656

 

Other Debtors

21,399

999.9%

1,137

-

-

 

Increase In Cash

-2,920

91.8 %

-35,635

-313.8 %

16,670

 

Miscellaneous Current Assets

-

-100.0 %

25,000

-

-

 

Total Assets

5,483,565

-22.1 %

7,036,989

1.0 %

6,964,709

 

Total Current Liabilities

4,161,245

-19.0 %

5,136,429

28.5 %

3,998,243

 

Trade Creditors

1,344,233

-24.3 %

1,776,811

60.1 %

1,110,067

 

Bank Loans & Overdrafts

2,123,994

-19.5 %

2,638,593

31.5 %

2,005,880

 

Other Short Term Fin

287,229

-43.6 %

509,433

-25.7 %

685,797

 

Miscellaneous Current Liabilities

405,789

91.8 %

211,592

7.7 %

196,499

 

Other Long Term Fin

15,091

-79.1 %

72,133

-59.1 %

176,202

 

Total Long Term Liabilities

709,739

-15.6 %

840,501

-14.9 %

987,227

 

Bank Loans & Overdrafts & LTL

2,833,733

-18.5 %

3,479,094

16.2 %

2,993,107

 

Total Liabilities

4,870,984

-18.5 %

5,976,930

19.9 %

4,985,470

 

Net Assets

612,581

-42.2 %

1,060,059

-46.4 %

1,979,239

 

Working Capital

-440,257

-599.5 %

-62,942

-107.8 %

803,091

 

Capitals & Reserves

 

Annual Accounts

01/09-12/09

Change (%)

01/08-12/08

Change (%)

01/07-12/07

 

Called up Share Capital

3

-

3

-

3

 

P&L Account Reserve

584,296

-43.4 %

1,031,774

-47.1 %

1,950,954

 

Sundry Reserves

28,282

-

28,282

-

28,282

 

Revaluation Reserve

-

-

-

-

-

 

Shareholder Funds

612,581

-42.2 %

1,060,059

-46.4 %

1,979,239

 

Net Worth

612,581

-42.2 %

1,060,059

-46.4 %

1,979,239

 

Miscellaneous

 

Annual Accounts

01/09-12/09

Change (%)

01/08-12/08

Change (%)

01/07-12/07

 

Net Cashflow from Operations

892,804

999.9%

-27,728

-120.6 %

134,910

 

Net Cashflow before Financing

716,012

291.2 %

-374,574

67.9 %

-1,166,871

 

Net Cashflow from Financing

-33,773

-104.3 %

778,081

139.6 %

324,753

 

Contingent Liability

NO

-

NO

-

NO

 

Capital Employed

1,322,320

-30.4 %

1,900,560

-35.9 %

2,966,466

 

No of Employees

33

-46.8 %

62

-27.1 %

85

     

Auditors

SIMON BAIN CA AITI

 

Audit Qualification

Adverse Comments

 

Bankers

ALLIED IRISH BANK

 

BankBranchCode

 

 

ratios

 

Annual Accounts

01/09-12/09

01/08-12/08

01/07-12/07

 

Pre-tax profit margin %

-

-

-

 

Current ratio

0.89

0.99

1.20

 

Sales/Net Working Capital

-

-

-

 

Gearing %

462.6 %

328.2 %

151.2 %

 

Equity in %

11.2 %

15.1 %

28.4 %

 

Creditor Days

-

-

-

 

Debtor Days

-

-

-

 

Liquidity/Acid Test

0.14

0.13

0.37

 

Return On Capital Employed %

-33.8 %

-51.2 %

8.6 %

 

Return On Total Assets Employed %

-8.2 %

-13.8 %

3.7 %

 

Current Debt Ratio %

6.8 %

4.8 %

2.0 %

 

Total Debt Ratio %

8.0 %

5.6 %

2.5 %

 

Stock Turnover Ratio %

-

-

-

 

Return on Net Assets Employed %

-73.0 %

-91.8 %

12.9 %

 

 

FOREIGN EXCHANGE RATES

 

Na

 

 

ADDITIONAL INFORMATION

 

Event History

 

Date

Description

15/11/2010

Annual Returns

15/11/2010

New Accounts Filed

15/11/2010

New Accounts Filed

29/10/2009

Annual Returns

28/10/2009

New Accounts Filed

17/03/2009

Annual Returns

16/03/2009

New Accounts Filed

11/04/2008

New Accounts Filed

11/04/2008

New Accounts Filed

10/04/2008

Annual Returns

31/01/2008

Patrick Hennessy Has Resigned As Company Secretary

31/01/2008

New Company Secretary (thomas Hennessy) Appointed

26/03/2003

Stephanie Hennessy Has Left The Board

26/02/2003

Margaret Hennessy Has Resigned As Company Secretary

26/02/2003

New Company Secretary (patrick Hennessy) Appointed

 

 

NOTES & COMMENTS

 

Na

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.65

UK Pound

1

Rs.79.09

Euro

1

Rs.65.32

 

 

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.