MIRA INFORM REPORT

 

 

Report Date :

06.07.2012

 

IDENTIFICATION DETAILS

 

Name :

AVID TECHNOLOGY INTERNATIONAL B.V.

 

 

Registered Office :

Carmanhall Road , Sandyford Business Centre, Dublin 18, Zip Code 216410

 

 

Country :

Ireland

 

 

Financials (as on) :

31.12.2001

 

 

Date of Incorporation :

11.08.1993

 

 

Com. Reg. No.:

IE903369

 

 

Legal Form :

Private Company

 

 

Line of Business :

Not Available 

 

 

No. of Employees :

Not Available 

 

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 :

Undetermined

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

 

Company Name

AVID TECHNOLOGY INTERNATIONAL B.V.

Company Number

IE903369

Registered Address

CARMANHALL ROAD

 


 

 

SANDYFORD BUSINESS CENTRE

 

 

DUBLIN 18

 

 

216410

 

Website Address

-

 

 

Telephone Number

(01)2950066

Fax Number

 

TPS

No

FPS

No

Incorporation Date

11/08/1993

Company Status

Insufficient Information

Previous Name

 

Type

Other

Date of Change

-

Filing Date of Accounts

-

 

 

Share Capital

-

SIC03

72XX

Currency

 

SIC03 Description

 

SIC07

 

SIC07 Description

 

Principal Activity

 

 

 

 

 

DIRECTORS/MANAGEMENT

 

Na

 

 

NEGATIVE INFORMATION

 

CJ

Total Number of Exact CJs -

0

Total Value of Exact CJs -

€0

Total Number of Possible CJs -

0

Total Value of Possible CJs -

€0

Total Number of Satisfied CJs -

0

Total Value of Satisfied CJs -

€0

 

Exact CJ Details

There are no exact CJ details

 

Possible CJ Details

There are no possible CJ details


 

Unregistered - Exact CJ Details

No CJs found

 

Unregistered - Possible CJ Details

No CJs found

 

Registered - Exact CJ Details

No CJs found

 

Registered - Possible CJ Details

No CJs found

 

Writ Details

 

Mortgage Details

Mortgage Type:

DEBENTURE.

Date Charge Created:

11/10/10

 

 

Date Charge Registered:

22/10/10

 

 

Date Charge Satisfied:

-

 

 

Status:

NOT SATISFIED

 

 

Person(s) Entitled:

 

Amount Secured:

 

Details:

THE COMPANY COVENANTED THAT IT WOULD ON DEMAND BY THE SECURITY TRUSTEE DISCHARGE THE SECURED OBLIGATIONS AND UNDERTOOK TO PAY TO THE SECURITY TRUSTEE EVERY SUM (OF PRINCIPAL, INTEREST OR OTHERWISE) NOW OR THEREAFTER OWING, DUE OR INCURRED BY THE COMPANY IN RESPECT OF THE SECURED OBLIGATIONS. (CONTINUED ON FORM 8E)

 

Mortgage Type:

CHARGE.

Date Charge Created:

30/07/01

 

 

Date Charge Registered:

01/08/01

 

 

Date Charge Satisfied:

-

 

 

Status:

NOT SATISFIED

 

 

Person(s) Entitled:

ALLIED IRISH BANK PLC

Amount Secured:

 

Details:

ALL SUCH SUMS AS ARE NOW OR SHALL FROM TIME TO TIME HEREAFTER BECOME OWING BY THE COMPANY TO ALLIED IRISH BANKS, P.L.C. IN ANY MANNER WHATSOEVER

 

SHARE & SHARE CAPITAL INFORMATION

 

Na

PAYMENT INFORMATION

 

Payment Information Summary

Days Beyond Terms

Trend Indicator

                         Average Payment Experience  What are Creditsafe Users saying about this company's payment behavior? This is Information on a target company's payment behaviour supplied directly by Creditsafe companies based on their direct experience of the company.

 

 

N/A

10

Company DBT

UK Average DBT

Steady

   

Improving Worsening

 


Within Terms 91+ Days

 

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Na

 

 

FINANCIAL INFORMATION

 

Key Financials

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

31/12/2001

-

-

€16,219,000

65

31/12/2000

-

-

€35,227,000

-

 

Profit & Loss

Date Of Accounts

31/12/01

(%)

31/12/00

(%)

-

(%)

-

(%)

-

Weeks

52

(%)

52

(%)

-

(%)

-

(%)

-

Currency

EUR

(%)

EUR

(%)

-

(%)

-

(%)

-

Consolidated A/cs

N

(%)

N

(%)

-

(%)

-

(%)

-

Turnover

-

-

-

-

-

-

-

-

-

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

-

-

-

-

-

-

-

-

-

Gross Profit

-

-

-

-

-

-

-

-

-

Wages & Salaries

-

-

-

-

-

-

-

-

-

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

-

-

-

-

-

-

-

-

-

Depreciation

-

-

-

-

-

-

-

-

-

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-

 

Balance Sheet

Date Of Accounts

31/12/01

(%)

31/12/00

(%)

-

(%)

-

(%)

-

Tangible Assets

€19,640,000

-0.8%

€19,805,000

-

-

-

-

-

-

Intangible Assets

0

-

0

-

-

-

-

-

-

Total Fixed Assets

€19,640,000

-0.8%

€19,805,000

-

-

-

-

-

-

Stock

€6,766,000

44.8%

€4,674,000

-

-

-

-

-

-

Trade Debtors

€3,545,000

-39.2%

€5,828,000

-

-

-

-

-

-

Cash

€10,059,000

-38.6%

€16,375,000

-

-

-

-

-

-

Other Debtors

0

-

0

-

-

-

-

-

-

Miscellaneous Current Assets

€29,693,000

-25.9%

€40,059,000

-

-

-

-

-

-

Total Current Assets

€50,063,000

-25.2%

€66,936,000

-

-

-

-

-

-

Trade Creditors

€42,022,000

5.7%

€39,743,000

-

-

-

-

-

-

Bank Loans & Overdrafts

0

-

0

-

-

-

-

-

-

Other Short Term Finance

0

-

0

-

-

-

-

-

-

Miscellaneous Current Liabilities

€11,461,000

-2.6%

€11,771,000

-

-

-

-

-

-

Total Current Liabilities

€53,483,000

3.8%

€51,514,000

-

-

-

-

-

-

Bank Loans & Overdrafts and LTL

0

-

0

-

-

-

-

-

-

Other Long Term Finance

0

-

0

-

0

-

-

-

-

Total Long Term Liabilities

0

-

0

-

-

-

-

-

-

 

Capital & Reserves

Date Of Accounts

31/12/01

(%)

31/12/00

(%)

-

(%)

-

(%)

-

Called Up Share Capital

€131,000

-5.8%

€139,000

-

-

-

-

-

-

P & L Account Reserve

-€4,006,000

-126.7%

€15,002,000

-

-

-

-

-

-

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

€20,094,000

0%

€20,086,000

-

-

-

-

-

-

Shareholder Funds

€16,219,000

-54%

€35,227,000

-

-

-

-

-

-

 

Other Financial Items

Date Of Accounts

31/12/01

(%)

31/12/00

(%)

-

(%)

-

(%)

-

Net Worth

€16,219,000

-54%

€35,227,000

-

-

-

-

-

-

Working Capital

-€3,420,000

-122.2%

€15,422,000

-

-

-

-

-

-

Total Assets

€69,703,000

-19.6%

€86,741,000

-

-

-

-

-

-

Total Liabilities

€53,483,000

3.8%

€51,514,000

-

-

-

-

-

-

Net Assets

€16,220,000

-54%

€35,227,000

-

-

-

-

-

-

 

Cash Flow

Date Of Accounts

31/12/01

(%)

31/12/00

(%)

-

(%)

-

(%)

-

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

Miscellaneous

Date Of Accounts

31/12/01

(%)

31/12/00

(%)

-

(%)

-

(%)

-

Contingent Liability

-

-

-

-

-

-

-

-

-

Capital Employed

€16,219,000

-54%

€35,227,000

-

-

-

-

-

-

Number of Employees

65

-

-

-

-

-

-

-

-

Auditors

 

Auditor Comments

No Adverse Comments

Bankers

ALLIED IRISH BANK

Bank Branch Code

93-13-65

 

Ratios

Date Of Accounts

31/12/01

31/12/00

-

-

-

Pre-tax profit margin %

-

-

-

-

-

Current ratio

0.94

1.30

-

-

-

Sales/Net Working Capital

-

-

-

-

-

Gearing %

0

0

-

-

-

Equity in %

23.30

40.60

-

-

-

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

0.81

1.21

-

-

-

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

3.30

1.46

-

-

-

Total Debt Ratio

3.30

1.46

-

-

-

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

 

 

FOREIGN EXCHANGE RATES

 

Na

 

 

ADDITIONAL INFORMATION

 

Incorporation Date

11/08/1993

Company Status

Insufficient Information

Previous Name

 

Type

Other

Date of Change

-

Filing Date of Accounts

-

SIC03

72XX

SIC03 Description

 

SIC07

 

SIC07 Description

 

Principal Activity

 

 

NOTES & COMMENTS

 

Na

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.03

UK Pound

1

Rs.85.93

Euro

1

Rs.68.97

 

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.