MIRA INFORM REPORT

 

 

Report Date :

19.07.2012

 

IDENTIFICATION DETAILS

 

Name :

FEELYSTONE BOYLE LIMITED

 

 

Registered Office :

Greatmeadow Boyle

 

 

Country :

Ireland

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

06.09.2002

 

 

Com. Reg. No.:

E0361082

 

 

Legal Form :

Private Independent

 

 

Line of Business :

Manufacturer and supplier of monumental stone products to the national and international markets

 

 

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 :

Slow

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 and address

 

Top of Form

Bottom of Form

Feelystone Boyle Limited

                                                                                                                                                   

 

Greatmeadow

 

 

Boyle,

Ireland

 

 

 

Employees:

NA

Company Type:

Private Independent

 

 

Incorporation Date:

06-Sep-2002

Auditor:

Ahern & Co

Financials in:

USD (mil)

 

 

Fiscal Year End:

31-Dec-2011

Reporting Currency:

Euro

Annual Sales:

NA

Total Assets:

3.7

                                      

Business Description       

 

Feelystone Boyle Limited is a manufacturer and supplier of monumental stone products to the national and international markets. The company designs, manufactures and supplies a range of architectural stone products to shopping centres and churches. It also provides various square-, rectangular-and round-shaped granite worktops for kitchens and guestrooms. The company additionally offers a variety of restoration services for offices, courts and museums. In addition, it provides granite memorial and monumental products in different sizes, shapes and designs.

          

Industry                                                                                                                               

 

Industry

Construction - Raw Materials

ANZSIC 2006:

2090 - Other Non-Metallic Mineral Product Manufacturing

NACE 2002:

2670 - Cutting, shaping and finishing of ornamental and building stone

NAICS 2002:

327991 - Cut Stone and Stone Product Manufacturing

UK SIC 2003:

2670 - Cutting, shaping and finishing of ornamental and building stone

US SIC 1987:

3281 - Cut Stone and Stone Products

                      

Key Executives           

   

 

Name

Title

Finbarr H. Feely

Secretary, Director

Aoife Feely

Director

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.770327

 

 

Corporate Overview

 

Location
Greatmeadow
Boyle, Co Roscommon County
Ireland

 

 

 

Suggest Company URL

 

Sales EUR(mil):

NA

Assets EUR(mil):

2.9

Employees:

NA

Fiscal Year End:

31-Dec-2011

 

Industry:

Construction - Raw Materials

Incorporation Date:

06-Sep-2002

Company Type:

Private Independent

Quoted Status:

Not Quoted

Registered No.(IRE):

E0361082

 

Secretary, Director:

Finbarr H. Feely

Contents

Industry Codes

Business Description

Financial Data

Key Corporate Relationships

Industry Codes

 

ANZSIC 2006 Codes:

2090

-

Other Non-Metallic Mineral Product Manufacturing

 

NACE 2002 Codes:

2670

-

Cutting, shaping and finishing of ornamental and building stone

 

NAICS 2002 Codes:

327991

-

Cut Stone and Stone Product Manufacturing

 

US SIC 1987:

3281

-

Cut Stone and Stone Products

 

UK SIC 2003:

2670

-

Cutting, shaping and finishing of ornamental and building stone

 

 

Business Description

Feelystone Boyle Limited is a manufacturer and supplier of monumental stone products to the national and international markets. The company designs, manufactures and supplies a range of architectural stone products to shopping centres and churches. It also provides various square-, rectangular-and round-shaped granite worktops for kitchens and guestrooms. The company additionally offers a variety of restoration services for offices, courts and museums. In addition, it provides granite memorial and monumental products in different sizes, shapes and designs.

 

 

 

 

 

 

 

 

Financial Data

 

Financials in:

EUR(mil)

 

Assets:

2.9

Total Liabilities:

1.9

 

Working Capital:

-0.1

 

Net Worth:

1.0

 

 

 

Date of Financial Data:

31-Dec-2011

 

1 Year Growth

NA

 

 

Key Corporate Relationships

Auditor:

Ahern & Co

 

Auditor:

Ahern & Co

 

 

 

 

 

 

 

 

 

Executives Report

 

 

Board of Directors

 

Name

Title

Function

Finbarr H. Feely

 

Secretary, Director

Director/Board Member

Aoife Feely

 

Director

Director/Board Member

 

Executives

 

Name

Title

Function

Finbarr H. Feely

 

Secretary, Director

Company Secretary

 

 

 

Annual Profit & Loss

 

 

 

 

 

31-Dec-2009

31-Dec-2008

Period Length

52 Weeks

52 Weeks

Filed Currency

EUR

EUR

Exchange Rate (Period Average)

0.719047

0.683679

Consolidated

No

No

 

 

 

Gross Profit

0.8

1.2

Operating Profit

-0.7

-0.9

Interest Expenses

0.1

0.1

Pretax Profit

-0.8

-1.0

Taxation

0.0

-0.1

Profit after Tax

-0.8

-1.0

Retained Profits

-0.8

-1.0

Directors’ Emoluments

0.1

0.1

Auditors Fees

0.0

0.0

Depreciation

0.3

0.7

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

Filed Currency

EUR

EUR

EUR

EUR

Exchange Rate

0.770327

0.745406

0.696986

0.719399

Consolidated

No

No

No

No

 

 

 

 

 

Tangible Assets

2.7

2.9

3.8

4.0

Intangible Assets

0.0

0.0

0.0

0.0

Total Fixed Assets

2.7

3.0

3.8

4.0

Stocks

0.6

0.8

0.8

1.2

Trade Debtors

-

-

0.6

0.6

Cash

0.0

0.0

0.0

0.1

Miscellaneous Current Assets

0.4

0.5

0.4

0.3

Other Current Assets

0.4

0.5

0.4

0.5

Total Current Assets

1.0

1.2

1.9

2.3

Total Assets

3.7

4.2

5.6

6.3

Net assets

2.5

2.7

4.2

4.9

Total Current Liabilities

1.2

1.5

1.4

1.4

Total Debt

-

-

1.6

1.7

Total Long Term Liabilities

1.2

0.9

1.1

1.1

Total Liabilities

2.4

2.4

2.6

2.5

Share Capital And Other Reserves

5.2

5.4

5.7

5.5

Profit & Loss Account Reserve

-3.9

-3.6

-2.6

-1.7

Shareholders Funds

1.3

1.8

3.1

3.8

Capital Employed

2.5

2.7

4.2

4.9

Net Worth

1.3

1.8

3.1

3.8

Working Capital

-0.2

-0.3

0.4

0.9

Contingent Liability

-

-

0.1

0.9

Fixed Assets

-

-

3.8

4.0

Intermediate Assets

-

-

-

0.0

Liquid Assets

0.4

0.5

1.0

1.1

Trade Creditors

-

-

0.6

0.5

Bank Overdraft

0.1

0.4

0.2

0.2

Miscellaneous Current Liabilities

1.0

1.1

0.7

0.7

    Bank Loans - Current Portion

-

-

0.2

0.2

    Other Short Term Finance

-

-

0.1

0.2

Other Current Liabilities

-

-

0.4

0.2

Short Term Loans

-

-

0.5

0.6

    Long Term Loans

-

-

1.1

1.0

    Long Term Bank Loans

-

-

1.1

0.6

Other Long Term Finance

-

-

0.1

0.5

Other Long Term Liabilities

-

-

-

0.0

Called Up Share Capital

-

-

0.0

0.0

Sundry Reserves (incl. Grants)

-

-

5.7

5.5

 

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

EUR

EUR

EUR

EUR

Exchange Rate (Period Average)

0.71919

0.755078

0.719047

0.683679

Consolidated

No

No

No

No

 

 

 

 

 

Net Cashflow From Operating Activities

-

-

0.1

-0.3

Net Cashflow From ROI & Servicing Of Finance

-

-

-0.1

-0.1

Net Cashflow Before Financing

-

-

0.0

-0.6

Net Cashflow From Financing

-

-

-0.2

0.1

Increase In Cash

-

-

-0.1

-0.6

Net Cash

-0.1

-0.4

-0.2

-0.1

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.34

UK Pound

1

Rs.86.55

Euro

1

Rs.67.95

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.