MIRA INFORM REPORT

 

 

Report Date :

28.06.2012

 

IDENTIFICATION DETAILS

 

Name :

DEEWARD LIMITED

 

 

Registered Office :

Molyneux House, Bride Street, Dublin , 8

 

 

Country :

Ireland

 

 

Financials (as on) :

30.04.2011

 

 

Date of Incorporation :

14.04.1999

 

 

Com. Reg. No.:

E0305205

 

 

Legal Form :

Private Independent

 

 

Line of Business :

Wholesale of natural stone products.

 

 

No. of Employees :

22

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

No complaints

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

 

Deeward Limited

 

 

 

Molyneux House

Bride Street

 

Dublin , 8

Ireland

 

Employees:

22

Company Type:

Private Independent

 

 

Incorporation Date:

14-Apr-1999

Auditor:

RSM Farrell Grant Sparks

 

 

 

 

 

 

Fiscal Year End:

30-Apr-2011

Reporting Currency:

Euro

Annual Sales:

NA

Total Assets:

9.9

 

 

 

 

 

 

 

Business Description

 

 

The wholesale of natural stone products.

 

 

 

Industry

 

 

Industry

Construction - Raw Materials

ANZSIC 2006:

333 - Timber and Hardware Goods Wholesaling

NACE 2002:

5153 - Wholesale of wood, construction materials and sanitary equipment

NAICS 2002:

4233 - Lumber and Other Construction Materials Merchant Wholesalers

UK SIC 2003:

5153 - Wholesale of wood, construction materials and sanitary equipment

US SIC 1987:

503 - Lumber and Other Construction Materials

 

 

Key Executives

 

 

 

Name

Title

 

Keith Sood

Secretary, Director

 

Robert Sood

Director

 

 

 

Registered No.(IRE)

 

E0305205

 

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7529087

2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.6740361

 

 

Corporate Overview

 

 

Location
Molyneux House
Bride Street
Dublin , 8
Ireland

 

 

 

 

Sales EUR(mil):

NA

Assets EUR(mil):

6.7

Employees:

22

Fiscal Year End:

30-Apr-2011

 

 

 

Industry:

Construction - Raw Materials

Incorporation Date:

14-Apr-1999

Company Type:

Private Independent

Quoted Status:

Not Quoted

Registered No.(IRE):

E0305205

 

Secretary, Director:

Keith Sood

 

 

Industry Codes

 

 

 

ANZSIC 2006 Codes:

333

-

Timber and Hardware Goods Wholesaling

 

NACE 2002 Codes:

5153

-

Wholesale of wood, construction materials and sanitary equipment

 

NAICS 2002 Codes:

4233

-

Lumber and Other Construction Materials Merchant Wholesalers

 

US SIC 1987:

503

-

Lumber and Other Construction Materials

 

UK SIC 2003:

5153

-

Wholesale of wood, construction materials and sanitary equipment

 

 

Business Description

 

The wholesale of natural stone products.

 

 

 

 

 

Financial Data

 

 

Financials in:

EUR(mil)

 

Assets:

6.7

Total Liabilities:

4.5

 

Working Capital:

2.0

 

Net Worth:

2.2

 

 

 

Date of Financial Data:

30-Apr-2011

 

1 Year Growth

NA

 

 

Key Corporate Relationships

Auditor:

RSM Farrell Grant Sparks

 

Auditor:

RSM Farrell Grant Sparks

 

 

 

 

 

Executives Report



 

Board of Directors

 

Name

Title

Function

 

Keith Sood

 

Secretary, Director

Director/Board Member

 

Robert Sood

 

Director

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Keith Sood

 

Secretary, Director

Company Secretary

 

 

 

Annual Profit & Loss

 

 

 

 

30-Apr-2011

30-Apr-2010

30-Apr-2009

30-Apr-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

EUR

EUR

EUR

EUR

Exchange Rate (Period Average)

0.752909

0.707549

0.717707

0.698503

Consolidated

No

No

No

No

 

 

 

 

 

Gross Profit

2.4

3.2

3.3

3.8

Operating Profit

-0.3

0.6

0.7

1.3

Non Trading Income

0.0

-

-

-

Interest Expenses

0.1

0.1

0.2

0.1

Pretax Profit

-0.4

0.5

0.6

1.2

Taxation

0.0

0.1

0.1

0.2

Profit after Tax

-0.3

0.5

0.5

1.0

Retained Profits

-0.3

0.5

0.5

1.0

Value Added

1.0

1.8

1.9

2.4

Wages And Salaries

1.0

0.9

0.8

0.8

Directors’ Emoluments

0.2

0.2

0.2

0.2

Auditors Fees

0.0

0.0

0.0

0.0

Depreciation

0.2

0.2

0.2

0.2

Number of Employees

22

19

17

17



Annual Balance Sheet

 

 

 

Financials in: USD (mil)

 

 

 

 

 

30-Apr-2011

30-Apr-2010

30-Apr-2009

30-Apr-2008

Filed Currency

EUR

EUR

EUR

EUR

Exchange Rate

0.674036

0.752078

0.75466

0.642302

Consolidated

No

No

No

No

 

 

 

 

 

Tangible Assets

0.4

0.3

0.4

0.6

Total Fixed Assets

0.4

0.3

0.4

0.6

Stocks

6.6

5.1

4.3

4.6

Trade Debtors

2.6

3.2

2.5

3.4

Cash

0.1

0.3

0.1

0.0

Miscellaneous Current Assets

0.1

0.1

-

0.1

Other Current Assets

0.2

0.3

0.1

0.1

Total Current Assets

9.5

8.6

6.9

8.2

Total Assets

9.9

8.9

7.4

8.8

Net assets

3.5

3.4

3.0

3.2

Total Current Liabilities

6.4

5.5

4.3

5.6

Total Debt

4.1

4.0

3.3

2.9

Total Long Term Liabilities

0.2

0.1

0.2

0.4

Total Liabilities

6.6

5.6

4.5

6.0

Profit & Loss Account Reserve

3.3

3.3

2.8

2.8

Shareholders Funds

3.3

3.3

2.8

2.8

Capital Employed

3.5

3.4

3.0

3.2

Net Worth

3.3

3.3

2.8

2.8

Working Capital

3.0

3.1

2.6

2.6

Fixed Assets

0.4

0.3

0.4

0.6

Liquid Assets

2.8

3.5

2.6

3.6

Trade Creditors

2.2

1.6

0.9

3.0

Bank Overdraft

0.0

0.0

2.1

2.3

Miscellaneous Current Liabilities

4.2

3.9

1.3

0.3

Bank Loans - Current Portion

0.9

0.8

-

-

Other Short Term Finance

3.1

3.0

1.0

0.2

Other Current Liabilities

0.2

0.0

0.3

0.1

Short Term Loans

4.0

3.9

3.1

2.5

Long Term Loans

0.2

0.1

0.2

0.4

Other Long Term Finance

0.2

0.1

0.2

0.4


Annual Cash Flows

 

 

 

Financials in: USD (mil)

 

 

 

 

 

30-Apr-2011

30-Apr-2010

30-Apr-2009

30-Apr-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

EUR

EUR

EUR

EUR

Exchange Rate (Period Average)

0.752909

0.707549

0.717707

0.698503

Consolidated

No

No

No

No

 

 

 

 

 

Net Cashflow From Operating Activities

0.4

0.5

0.3

0.1

Net Cashflow From ROI & Servicing Of Finance

-0.1

-0.1

-0.2

-0.1

Net Cashflow Before Financing

0.0

0.2

-0.1

-0.7

Net Cashflow From Financing

0.0

-0.1

-

-

Increase In Cash

0.1

0.1

-0.1

-0.7

Net Cash

0.0

0.3

-2.1

-2.1

 


Annual Ratios

 

 

 

 

30-Apr-2008

Period Length

52 Weeks

Filed Currency

-

Exchange Rate

-

Consolidated

No

 

 

Current Ratio

1.46

Liquidity Ratio

0.64

Net Worth / Total Liabilities

46.57%

Long Term Liab. / Net Worth

0.14

Pretax Profit / Capital Employed

40.68%

Pretax Profit / Total Assets

14.74%

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.57.21

UK Pound

1

Rs.89.42

Euro

1

Rs.71.46

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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.