MIRA INFORM REPORT

 

 

Report Date :

12.07.2012

 

IDENTIFICATION DETAILS

 

Name :

ABBEYFIELD FOOD SOURCING LIMITED

 

 

Registered Office :

1 Priory Hall, Stillorgan Road

 

 

Country :

Ireland

 

 

Financials (as on) :

31.10.2010

 

 

Date of Incorporation :

18.09.1998

 

 

Com. Reg. No.:

E0293662

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

The import and export of beef

 

 

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 :

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 – 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

 

Company name & address 

 

Abbeyfield Food Sourcing Limited

1 Priory Hall

Stillorgan Road

Ireland

 

 

Synthesis  

 

Employees:                  NA

Company Type:            Private Independent

Incorporation Date:         18-Sep-1998    

Financials in:                 USD (Millions)

Fiscal Year End:            31-Oct-2010

Reporting Currency:       Euro

Annual Sales:               NA

Total Assets:                0.8

 

 

Business Description     

 

The import and export of beef.

 

Industry             

Industry            Food Processing

ANZSIC 2006:    1111 - Meat Processing

NACE 2002:      1511 - Production and preserving of meat

NAICS 2002:     31161 - Animal Slaughtering and Processing

UK SIC 2003:    1511 - Production and preserving of meat

US SIC 1987:    2011 - Meat Packing Plants

 

           

Key Executives   

 

Name

Title

Sinead Lennon-Murphy

Secretary, Director

Paul Murphy

Director

 

 

Registered No.(IRE):                  E0293662

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7440097

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7194762

Corporate Overview

 

Location

1 Priory Hall

Stillorgan Road

Co. Dublin County

Ireland

           

Sales EUR(mil):             NA

Assets EUR(mil):           0.6

Employees:                   NA

Fiscal Year End:            31-Oct-2010

Industry:                        Food Processing

Incorporation Date:         18-Sep-1998

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(IRE):      E0293662

Secretary, Director:        Sinead Lennon-Murphy

 

Contents

·         Industry Codes

Business Description

Financial Data

 

Industry Codes

 

ANZSIC 2006 Codes:

1111     -          Meat Processing

 

NACE 2002 Codes:

1511     -          Production and preserving of meat

 

NAICS 2002 Codes:

31161   -          Animal Slaughtering and Processing

 

US SIC 1987:

2011     -          Meat Packing Plants

 

UK SIC 2003:

1511     -          Production and preserving of meat

 

Business Description

The import and export of beef.

 

Financial Data

Financials in:

EUR(mil)

 

Assets:

0.6

Total Liabilities:

0.6

 

Working Capital:

0.0

 

Net Worth:

0.0

 

 

 

Date of Financial Data:

31-Oct-2010

 

1 Year Growth

NA

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Sinead Lennon-Murphy

 

Secretary, Director

Director/Board Member

 

Paul Murphy

 

Director

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Sinead Lennon-Murphy

 

Secretary, Director

Company Secretary

 

 

 

Annual Financial Reports

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Oct-2010

30-Sep-2009

30-Sep-2008

30-Sep-2007

Filed Currency

EUR

EUR

EUR

EUR

Exchange Rate

0.719476

0.684135

0.711921

0.703161

Consolidated

No

No

No

No

 

 

 

 

 

Trade Debtors

-

0.0

0.0

0.0

Miscellaneous Current Assets

0.8

-

-

-

Other Current Assets

0.8

-

-

-

Total Current Assets

0.8

0.0

0.0

0.0

Total Assets

0.8

0.0

0.0

0.0

Net assets

0.0

0.0

0.0

0.0

Total Current Liabilities

0.8

0.0

0.0

0.0

Total Liabilities

0.8

0.0

0.0

0.0

Profit & Loss Account Reserve

0.0

0.0

0.0

0.0

Shareholders Funds

0.0

0.0

0.0

0.0

Capital Employed

0.0

0.0

0.0

0.0

Net Worth

0.0

0.0

0.0

0.0

Working Capital

0.0

0.0

0.0

0.0

Liquid Assets

0.8

0.0

0.0

0.0

Trade Creditors

0.8

-

-

-

Miscellaneous Current Liabilities

0.0

0.0

0.0

0.0

 

 

Annual Ratios

 

 

30-Sep-2007

Period Length

52 Weeks

Filed Currency

-

Exchange Rate

-

Consolidated

No

 

 

Current Ratio

2.00

Liquidity Ratio

2.00

Net Worth / Total Liabilities

100.00%

Long Term Liab. / Net Worth

0.00

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.37

UK Pound

1

Rs.85.95

Euro

1

Rs.67.87

 

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.