MIRA INFORM REPORT

 

 

Report Date :           

06.03.2012

 

IDENTIFICATION DETAILS

 

Name :

J MCALEER & SONS LTD 

 

 

Registered Office :

90 Curr Road, Beragh, Omagh, Bt79 0qw

 

 

Country :

Ireland

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

24.03.2005

 

 

Com. Reg. No.:

Ni054440

 

 

Legal Form :

Private limited with share capital

 

 

Line of Business :

Wholesale of clothing & footwear

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

£34,000

 

 

Status :

Satisfactory

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

J MCALEER & SONS LTD

Company Number

NI054440

 

 

 

 

Registered Address

90 CURR ROAD

Trading Address

90 Curr Road
Beragh
Omagh
BT79 0QW

 

BERAGH

 

 

OMAGH

 

 

BT79 0QW

 

 

 

 

 

 

Website Address

http://www.jmcaleer.com

 

 

Telephone Number

02880758220

Fax Number

 

TPS

No

FPS

No

Incorporation Date

24/03/2005

Company Status

Active - Accounts Filed

Previous Name

 

Type

Private limited with Share Capital

Date of Change

-

Filing Date of Accounts

29/11/2011

 

 

Share Capital

£100

SIC03

5142

Currency

GBP

SIC03 Description

WHOLESALE OF CLOTHING & FOOTWEAR

SIC07

46420

SIC07 Description

WHOLESALE OF CLOTHING AND FOOTWEAR

Principal Activity

 

 

 

 

 

CREDIT RECOMENDATION

 

Current Credit Limit: £34,000

 

 

DIRECTORS/MANAGEMENT

 

Total Current Directors

1

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

2

 

Current Directors

Name

Patrick Gerald Mc Aleer

Date of Birth

07/11/1955

Officers Title

Mr

Nationality

Irish

Present Appointments

1

Function

Director

Appointment Date

24/03/2005

 

 

Address

18 Pinefield Wood,  Killyclogher,  Omagh,  BT79 7YH

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Current Company Secretary

Name

Conor Gerald Mc Aleer

Date of Birth

-

Officers Title

Mr

Nationality

 

Present Appointments

1

Function

Company Secretary

Appointment Date

24/03/2005

 

 

Address

2 Oakland Avenue,  ,  Omagh,  BT79 7LQ

 

Previous Director/Company Secretaries

Name

Current Directorships

Previous Directorships

C S SECRETARIAL SERVICES

9

348

CS DIRECTOR SERVICES LIMITED

6

428

 

 

NEGATIVE INFORMATION

 

CCJ

Total Number of Exact CCJs -

0

Total Value of Exact CCJs -

Total Number of Possible CCJs -

0

Total Value of Possible CCJs -

Total Number of Satisfied CCJs -

0

Total Value of Satisfied CCJs -

Total Number of Writs -

0

 

 

 

Exact CCJ Details

There are no exact CCJ details

 

Possible CCJ Details

There are no possible CCJ details

 

Writ Details

There are no writ details

 

Mortgage Summary

Outstanding

2

Satisfied

0

 

Exact CCJ Details

No CCJs found

 

Possible CCJs Details

There are no possible CCJ details

 

Writ Details

No writs found

SHARE & SHARE CAPITAL INFORMATION

 

Top 20 Shareholders

Name

Individual Share Value

PATRICK GERALD MCALEER

100 ORDINARY GBP 1.00

 

 

PAYMENT INFORMATION

 

Payment Information Summary

Total number of Invoices available

41

Total number of Invoices paid within or up to 30 days after the due date

33

Total number of Invoices paid more than 30 days after the due date

6

Total number of Invoices currently outstanding where the due date has not yet been reached

0

Total number of Invoices currently outstanding beyond the due date

2

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Statistics

Group

-

Linkages

0 companies

Countries

In 0 countries

 

Summary

Holding Company

-

Ownership Status

 

Ultimate Holding Company

-

 

Group structure

No group structure

 

 

FINANCIAL INFORMATION

 

Key Financials

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

31/03/2011

-

-

£978,159

-

31/03/2010

-

-

£881,835

-

31/03/2009

-

-

£701,237

-

 

Profit & Loss

Date Of Accounts

31/03/11

(%)

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

-

-

-

-

-

-

-

-

-

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

-

-

-

-

-

-

-

-

-

Gross Profit

-

-

-

-

-

-

-

-

-

Wages & Salaries

-

-

-

-

-

-

-

-

-

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

-

-

-

-

-

-

-

-

-

Depreciation

£45,057

4.2%

£43,247

12.5%

£38,448

10.8%

£34,685

62%

£21,404

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-

 

Balance Sheet

Date Of Accounts

31/03/11

(%)

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

Tangible Assets

£127,558

-20.6%

£160,553

35.2%

£118,732

-10.1%

£132,086

33%

£99,325

Intangible Assets

£612,500

-19.7%

£762,500

-16.4%

£912,500

-14.1%

£1,062,500

-21.7%

£1,356,250

Total Fixed Assets

£740,058

-19.8%

£923,053

-10.5%

£1,031,232

-13.7%

£1,194,586

-17.9%

£1,455,575

Stock

£989,735

110.6%

£470,000

33.5%

£352,000

23.5%

£285,000

10.3%

£258,500

Trade Debtors

£936,336

-13.6%

£1,083,903

0.7%

£1,076,389

-5.8%

£1,143,240

-

0

Cash

£66,524

-81.5%

£360,264

999.9%

£15,357

-76.6%

£65,678

-7.6%

£71,067

Other Debtors

0

-

0

-

0

-

0

-100%

£948,751

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£1,992,595

4.1%

£1,914,167

32.6%

£1,443,746

-3.4%

£1,493,918

16.9%

£1,278,318

Trade Creditors

£888,446

-10.9%

£996,821

51.5%

£658,020

7%

£614,735

-

0

Bank Loans & Overdrafts

0

-

0

-

0

-100%

£305,372

-27.1%

£418,715

Other Short Term Finance

0

-

0

-

0

-

0

-

0

Miscellaneous Current Liabilities

0

-

0

-

0

-

0

-100%

£526,729

Total Current Liabilities

£888,446

-10.9%

£996,821

51.5%

£658,020

-28.5%

£920,107

-2.7%

£945,444

Bank Loans & Overdrafts and LTL

£866,048

-9.7%

£958,564

-14.1%

£1,115,721

-29%

£1,571,471

-11%

£1,766,365

Other Long Term Finance

£866,048

-9.7%

£958,564

-13.6%

£1,109,788

-11%

£1,247,591

-6.4%

£1,332,554

Total Long Term Liabilities

£866,048

-9.7%

£958,564

-14.1%

£1,115,721

-11.9%

£1,266,099

-6.1%

£1,347,650

 

Capital & Reserves

Date Of Accounts

31/03/11

(%)

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

Called Up Share Capital

£100

-

£100

-

£100

-

£100

-

£100

P & L Account Reserve

£978,059

10.9%

£881,735

25.8%

£701,137

39.6%

£502,198

14%

£440,699

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£978,159

10.9%

£881,835

25.8%

£701,237

39.6%

£502,298

14%

£440,799

 

Other Financial Items

Date Of Accounts

31/03/11

(%)

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

Net Worth

£365,659

206.4%

£119,335

156.5%

-£211,263

62.3%

-£560,202

38.8%

-£915,451

Working Capital

£1,104,149

20.4%

£917,346

16.8%

£785,726

36.9%

£573,811

72.4%

£332,874

Total Assets

£2,732,653

-3.7%

£2,837,220

14.6%

£2,474,978

-7.9%

£2,688,504

-1.7%

£2,733,893

Total Liabilities

£1,754,494

-10.3%

£1,955,385

10.2%

£1,773,741

-18.9%

£2,186,206

-4.7%

£2,293,094

Net Assets

£978,159

10.9%

£881,835

25.8%

£701,237

39.6%

£502,298

14%

£440,799

 

Miscellaneous

Date Of Accounts

31/03/11

(%)

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£1,844,207

0.2%

£1,840,399

1.3%

£1,816,958

2.7%

£1,768,397

-1.1%

£1,788,449

Number of Employees

-

-

-

-

-

-

-

-

-

Auditors

 

Auditor Comments

The company is exempt from audit

Bankers

NORTHERN BANK LTD

Bank Branch Code

95-04-07

 

Ratios

Date Of Accounts

31/03/11

31/03/10

31/03/09

31/03/08

31/03/07

Pre-tax profit margin %

-

-

-

-

-

Current ratio

2.24

1.92

2.19

1.62

1.35

Sales/Net Working Capital

-

-

-

-

-

Gearing %

88.50

108.70

159.10

312.90

400.70

Equity in %

46.10

42.50

44.90

30.90

32

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

1.12

1.44

1.65

1.31

1.08

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

0.90

1.13

0.93

1.83

2.14

Total Debt Ratio

1.79

2.21

2.52

4.35

5.20

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

 

 

FOREIGN EXCHANGE RATES

 

Na

 

ADDITIONAL INFORMATION

 

Status History

No Status History found

 

Event History

Date

Description

05/12/2011

New Accounts Filed

09/04/2011

Annual Returns

15/12/2010

New Accounts Filed

16/04/2010

Annual Returns

05/01/2010

New Accounts Filed

09/10/2009

New Board Member Mr P.G. Mc Aleer appointed

09/10/2009

New Company Secretary Mr C.G. Mc Aleer appointed

08/04/2009

Annual Returns

15/06/2008

New Accounts Filed

29/10/2007

New Company Secretary (CONOR MC ALEER) appointed

26/06/2007

New Accounts Filed

28/12/2006

New Accounts Filed

17/05/2005

Change in Reg.Office

17/05/2005

Change of Company Postcode

11/05/2005

New Board Member (CONOR GERALDMCALEER) appointed

 

Mortgage Details

Mortgage Type:

MORTGAGE OR CHARGE

Date Charge Created:

23/05/05

 

 

Date Charge Registered:

27/05/05

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

NORTHERN BANK LIMITED

Amount Secured:

N/A

Details:

ALL MONIES CHARGE OVER ALL BOOK DEBTS. ALL BOOK DEBTS AND OTHER DEBTS NOW AND FROM TIME TO TIME HEREAFTER DUE OWING OR INCURRED TO THE COMPANY.

 

Mortgage Type:

MORTGAGE OR CHARGE

Date Charge Created:

23/05/05

 

 

Date Charge Registered:

27/05/05

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

NORTHERN BANK LIMITED

Amount Secured:

N/A

Details:

ALL MONIES FLOATING CHARGE. THE UNDERTAKING OF THE COMPANY AND ALL ITS PROPERTY WHATSOEVER AND WHERESOEVER BOTH PRESENT AND FUTURE INCLUDING ITS UNCALLED CAPITAL FOR THE TIME BEING. SEE 402 FORFURTHER DETAILS.

 

Creditor Details

No Creditor Data

 

Total Value

-

 

Trade Debtors / Bad Debt Detail

No Debtor Data

 

Total Value

-

 

 

NOTES & COMMENTS

 

Na

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.79

UK Pound

1

Rs.78.79

Euro

1

Rs.65.73

 

 

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.