MIRA INFORM REPORT

 

 

Report Date :

27.07.2012

 

IDENTIFICATION DETAILS

 

Name :

IRR ADVISERS LIMITED

 

 

Formerly Known As :

VANTPAR LIMITED

 

 

Registered Office :

7 Upper Pembroke St Dublin 2 216410

 

 

Country :

Ireland

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

15.04.1999

 

 

Com. Reg. No.:

IE305384

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Agents specialising in the sale of particular products or ranges of products not elsewhere classified

 

 

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

 

REGISTERED NAME & COMPANY SUMMARY

 

IRR ADVISERS LIMITED

 

Company Name

IRR ADVISERS LIMITED

Company Number

IE305384

 

 

 

 

Registered Address

7 UPPER PEMBROKE ST

 


 

 

DUBLIN 2

 

 

 

 

 

216410

 

Website Address

-

Legal Status

Limited Company

Telephone Number

 

Fax Number

 

TPS

No

FPS

No

Incorporation Date

15/04/1999

Company Status

Active - Accounts Filed

Previous Name

VANTPAR LIMITED

Type

Other

Date of Change

-

Filing Date of Accounts

-

 

 

Share Capital

€3

SIC03

51180

Currency

EUR

SIC03 Description

Agents specialising in the sale of particular products or ranges of products not elsewhere classified

SIC07

46180

SIC07 Description

AGENTS SPECIALIZED IN THE SALE OF OTHER PARTICULAR PRODUCTS

Principal Activity

The distribution and invoicing products.

 

DIRECTORS/MANAGEMENT

 

Current Directors

Name

FREDERIK BREEDIJK

Date of Birth

18/10/1942

Officers Title

 

Nationality

 

Present Appointments

3

Function

Director

Appointment Date

17/09/1999

 

 

Address

PROF. KERNKAMPWEG 8A,  WILLEMSTAD,  CURACAO, 

Other Actions

View Director Report

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

GUGLILEMI SERENA

Date of Birth

27/11/1952

Officers Title

 

Nationality

 

Present Appointments

1

Function

Director

Appointment Date

01/05/2007

 

 

Address

13 RUE DE LA FONTAINE,  1204 GENEVA,  SWITZERLAND, 

Other Actions

View Director Report

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Current Company Secretary

Name

BRADWELL LIMITED

Date of Birth

06/01/1981

Officers Title

 

Nationality

 

Present Appointments

1021

Function

Company Secretary

Appointment Date

17/09/1999

 

 

Address

ARTHUR COX BUILDING,  EARLSFORT TERRACE,  DUBLIN 2., 

Previous Director/Company Secretaries

Name

Current Directorships

Previous Directorships

ANTHONY ALBERT LAVER

1

3

 

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

Writ Details

Mortgage Summary

There are no Mortgage Details

 

SHARE & SHARE CAPITAL INFORMATION

 

Share Capital

€3

Currency

EUR

 

Top 20 Shareholders

Name

Individual Share Value

TRADECONSULT SA

2 ORDINARY EUR 1.25

 

PAYMENT INFORMATION

 

Payment Information Summary

Days Beyond Terms

Trend Indicator

 

N/A

10

Company DBT

UK Average DBT

Steady

   

Improving Worsening

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Group structure

No group structure

 

FINANCIAL INFORMATION

 

Key Financials

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

31/12/2010

-

-€2,630

-€21,898

-

31/12/2009

-

-€3,998

-€19,268

-

31/12/2008

-

-€4,315

€15,270

-

 

Profit & Loss

 

Date Of Accounts

31/12/10

(%)

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

EUR

(%)

EUR

(%)

EUR

(%)

EUR

(%)

EUR

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

-

-

-

-

-

-

-

-

-

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

-

-

-

-

-

-

-

-

-

Gross Profit

-

-

-

-

-

-

-

-

-

Wages & Salaries

-

-

-

-

-

-

-

-

-

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

-

-

-

-

-€4,315

-41.5%

-€3,050

-15.3%

-€2,645

Depreciation

-

-

-

-

-

-

-

-

-

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-€2,630

34.2%

-€3,998

7.3%

-€4,315

-41.5%

-€3,050

-15.3%

-€2,645

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-€2,630

34.2%

-€3,998

7.3%

-€4,315

-41.5%

-€3,050

-15.3%

-€2,645

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-€2,630

34.2%

-€3,998

7.3%

-€4,315

-41.5%

-€3,050

-15.3%

-€2,645

 

Balance Sheet

 

Date Of Accounts

31/12/10

(%)

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

Tangible Assets

0

-

0

-

0

-

0

-

0

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

0

-

0

-

0

-

0

-

0

Stock

0

-

0

-

0

-

0

-

0

Trade Debtors

0

-

0

-

0

-

0

-

0

Cash

0

-

0

-

0

-

0

-

0

Other Debtors

0

-

0

-

0

-

0

-

0

Miscellaneous Current Assets

0

-

0

-100%

€15,270

-

0

-100%

€7,905

Total Current Assets

0

-

0

-100%

€15,270

-

0

-100%

€7,905

Trade Creditors

0

-

0

-

0

-

0

-

0

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

Other Short Term Finance

0

-

0

-

0

-

0

-

0

Miscellaneous Current Liabilities

€21,898

13.6%

€19,268

-

0

-100%

€10,955

-

0

Total Current Liabilities

€21,898

13.6%

€19,268

-

0

-100%

€10,955

-

0

Bank Loans & Overdrafts and LTL

0

-

0

-

0

-

0

-

0

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

0

-

0

-

0

-

0

-

0

 

Capital & Reserves

 

Date Of Accounts

31/12/10

(%)

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

Called Up Share Capital

€3

-

€3

-

€3

-

€3

-

€3

P & L Account Reserve

-€21,898

-13.6%

-€19,268

-226.2%

€15,270

239.4%

-€10,955

-238.6%

€7,902

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-€3

-

-€3

-

-€3

-

-€3

-

-

Shareholder Funds

-€21,898

-13.6%

-€19,268

-226.2%

€15,270

239.4%

-€10,955

-238.6%

€7,905

 

Other Financial Items

 

Date Of Accounts

31/12/10

(%)

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

Net Worth

-€21,898

-13.6%

-€19,268

-226.2%

€15,270

239.4%

-€10,955

-238.6%

€7,905

Working Capital

-€21,898

-13.6%

-€19,268

-226.2%

€15,270

239.4%

-€10,955

-238.6%

€7,905

Total Assets

-

-

-

-100%

€15,270

-

-

-100%

€7,905

Total Liabilities

€21,898

13.6%

€19,268

-

-

-100%

€10,955

-

-

Net Assets

-€21,898

-13.6%

-€19,268

-226.2%

€15,270

239.4%

-€10,955

-238.6%

€7,905

 

Miscellaneous

 

Date Of Accounts

31/12/10

(%)

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

-€21,898

-13.6%

-€19,268

-226.2%

€15,270

239.4%

-€10,955

-238.6%

€7,905

Number of Employees

-

-

-

-

-

-

-

-

-

 

Ratios

 

Date Of Accounts

31/12/10

31/12/09

31/12/08

31/12/07

31/12/06

Pre-tax profit margin %

-

-

-

-

-

Current ratio

-

-

-

-

-

Sales/Net Working Capital

-

-

-

-

-

Gearing %

0

0

0

0

0

Equity in %

-

-

100

-

100

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

-

-

-

-

-

Return On Capital Employed %

12.01

20.74

-28.25

27.84

-33.46

Return On Total Assets Employed %

-

-

-28.25

-

-33.45

Current Debt Ratio

-1

-1

-

-1

-

Total Debt Ratio

-1

-1

-

-1

-

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

12.01

20.74

-28.25

27.84

-33.46

 

FOREIGN EXCHANGE RATES

 

Na

 

ADDITIONAL INFORMATION

 

Incorporation Date

15/04/1999

Company Status

Active - Accounts Filed

Previous Name

VANTPAR LIMITED

Type

Other

Date of Change

-

Filing Date of Accounts

-

 

SIC03

51180

 

SIC03 Description

Agents specialising in the sale of particular products or ranges of products not elsewhere classified

SIC07

46180

SIC07 Description

AGENTS SPECIALIZED IN THE SALE OF OTHER PARTICULAR PRODUCTS

Principal Activity

The distribution and invoicing products.

 

Auditors

Auditor Comments

The company is exempt from audit

Bankers

Bank Branch Code

 

 

Status History

No Status History found

 

Event History

Date

Description

18/10/2011

Annual Returns

18/10/2011

New Accounts Filed

18/10/2011

New Accounts Filed

07/09/2010

New Accounts Filed

07/09/2010

New Accounts Filed

06/09/2010

Annual Returns

26/10/2009

Annual Returns

26/10/2009

New Accounts Filed

26/08/2008

Annual Returns

26/08/2008

New Accounts Filed

21/11/2007

Annual Returns

29/10/2007

New Accounts Filed

01/05/2007

ANTHONY ALBERT LAVER has left the board

01/05/2007

New Board Member (GUGLILEMI SERENA) appointed

17/09/1999

New Board Member (FREDERIK BREEDIJK) appointed

 

Previous Company Names

Date

Previous Name

N/A

VANTPAR LIMITED

15/04/1999

NURIKON FINANCIAL SERVICES LIMITED

 

NOTES & COMMENTS

 

Na

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.95

UK Pound

1

Rs.86.56

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.