MIRA INFORM REPORT

 

 

Report Date :

21.03.2012

 

 

 

Fax No.:

01 450 1173

 

IDENTIFICATION DETAILS

 

Name :

P.G. POWER DISTRIBUTION LIMITED

 

 

Registered Office :

1/2 Jfk Park Killeen Road Dublin , 12

 

 

Country :

Ireland

 

 

Financials (as on) :

31.01.2011

 

 

Date of Incorporation :

26.11.1979

 

 

Com. Reg. No.:

E0072441

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

The distribution of floor coverings to the retail trade

 

 

No. of Employees :

20

 

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 – September 30, 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

 

Top of Form

Bottom of Form

Top of Form

Company name and address

 

P.G. Power Distribution Limited

                                                                                                                                                    

 

1/2 Jfk Park

Killeen Road

 

Dublin , 12

Ireland

 

 

 

Employees:

20

Company Type:

Private Subsidiary

Corporate Family:

2 Companies

Ultimate Parent:

P.G. Power Holdings Company Limited

 

 

Incorporation Date:

26-Nov-1979

Auditor:

Mazars

Financials in:

USD (mil)

 

 

Fiscal Year End:

31-Jan-2011

Reporting Currency:

Euro

Annual Sales:

11.2

Total Assets:

7.8

                                      

Business Description       

 

The distribution of floor coverings to the retail trade.

     Industry                                                  

 

Industry

Miscellaneous Capital Goods

ANZSIC 2006:

3739 - Other Goods Wholesaling Not Elsewhere Classified

NACE 2002:

5147 - Wholesale of other household goods

NAICS 2002:

423990 - Other Miscellaneous Durable Goods Merchant Wholesalers

UK SIC 2003:

51479 - Wholesale of other household goods not elsewhere classified

US SIC 1987:

5099 - Durable Goods, Not Elsewhere Classified

                      

Key Executives           

   

 

Name

Title

Siobhan Clery

Secretary, Director

William Mills

Director

Elizabeth Moffatt

Director

Michael Moffatt

Director

1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7590508
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7293946


Corporate Overview

 

Location
1/2 Jfk Park
Killeen Road
Dublin , 12
Ireland

 

 

 

Suggest Company URL

 

Sales EUR(mil):

8.5

Assets EUR(mil):

5.7

Employees:

20

Fiscal Year End:

31-Jan-2011

 

Industry:

Miscellaneous Capital Goods

Incorporation Date:

26-Nov-1979

Company Type:

Private Subsidiary

Quoted Status:

Not Quoted

Registered No.(IRE):

E0072441

 

Secretary, Director:

Siobhan Clery

Contents

Industry Codes

Business Description

Financial Data

Key Corporate Relationships

Industry Codes

 

ANZSIC 2006 Codes:

3739

-

Other Goods Wholesaling Not Elsewhere Classified

 

NACE 2002 Codes:

5147

-

Wholesale of other household goods

 

NAICS 2002 Codes:

423990

-

Other Miscellaneous Durable Goods Merchant Wholesalers

 

US SIC 1987:

5099

-

Durable Goods, Not Elsewhere Classified

 

UK SIC 2003:

51479

-

Wholesale of other household goods not elsewhere classified

 

 

Business Description

The distribution of floor coverings to the retail trade.

 

 

 

 

 

 

 

 

Financial Data

 

Financials in:

EUR(mil)

 

Revenue:

8.5

Assets:

5.7

Total Liabilities:

1.8

 

Working Capital:

2.3

 

Net Worth:

4.0

 

 

 

Date of Financial Data:

31-Jan-2011

 

1 Year Growth

NA

NA

 

 

 

Key Corporate Relationships

Auditor:

Mazars

 

Auditor:

Mazars

 

 

 

 

 

 

 

 

 

 

Corporate Structure News

 

P.G. Power Distribution Limited
Total Corporate Family Members: 2

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

P.G. Power Holdings Company Limited

Parent

Dublin

Ireland

Investment Services

 

 

P.G. Power Distribution Limited

Subsidiary

Dublin

Ireland

Miscellaneous Capital Goods

11.2

20

 

 

 

 

Executives Report

 

 

Board of Directors

 

Name

Title

Function

Siobhan Clery

 

Secretary, Director

Director/Board Member

William Mills

 

Director

Director/Board Member

Elizabeth Moffatt

 

Director

Director/Board Member

Michael Moffatt

 

Director

Director/Board Member

 

Executives

 

Name

Title

Function

Siobhan Clery

 

Secretary, Director

Company Secretary

 

Annual Profit & Loss

 

 

 

 

31-Jan-2011

31-Jan-2010

31-Jan-2009

31-Jan-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

EUR

EUR

EUR

EUR

Exchange Rate (Period Average)

0.759051

0.714938

0.688599

0.722989

Consolidated

No

No

No

No

 

 

 

 

 

Turnover

11.2

-

-

-

Cost of Sales

8.7

-

-

-

Gross Profit

2.5

2.9

4.6

5.2

Operating Profit

-0.3

-0.6

0.1

1.0

Non Trading Income

0.0

0.0

0.0

-

Interest Expenses

0.1

0.1

0.2

0.2

Pretax Profit

-0.4

-0.7

-0.1

0.9

Taxation

-

-

-

0.1

Profit after Tax

-0.4

-0.7

-0.1

0.7

Dividends Payable

0.0

0.1

0.1

0.1

Retained Profits

-0.4

-0.8

-0.2

0.6

Value Added

1.0

1.1

2.4

3.3

Exports

1.1

-

-

-

Wages And Salaries

1.0

1.3

1.7

1.8

Directors’ Emoluments

0.3

0.4

0.6

0.5

Auditors Fees

0.0

0.0

0.0

0.0

Depreciation

0.2

0.3

0.3

0.3

Number of Employees

20

24

28

29

 

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Jan-2011

31-Jan-2010

31-Jan-2009

31-Jan-2008

Filed Currency

EUR

EUR

EUR

EUR

Exchange Rate

0.729395

0.71945

0.76147

0.675402

Consolidated

No

No

No

No

 

 

 

 

 

Tangible Assets

2.3

0.9

1.0

0.9

Total Fixed Assets

2.3

0.9

1.0

0.9

Stocks

2.3

2.1

2.8

3.6

Trade Debtors

3.0

3.0

4.2

5.7

Cash

0.1

0.1

0.1

0.9

Miscellaneous Current Assets

0.2

1.2

1.0

1.2

Other Current Assets

0.3

1.3

1.1

2.1

Total Current Assets

5.5

6.5

8.1

11.4

Total Assets

7.8

7.4

9.1

12.3

Net assets

5.5

6.0

6.4

7.6

Total Current Liabilities

2.3

1.4

2.6

4.8

Total Debt

1.8

1.1

2.4

2.9

Total Long Term Liabilities

0.1

0.1

0.2

0.3

Total Liabilities

2.4

1.5

2.8

5.0

Share Capital And Other Reserves

0.7

0.7

0.7

0.8

Profit & Loss Account Reserve

4.7

5.2

5.6

6.5

Shareholders Funds

5.4

5.9

6.3

7.3

Capital Employed

5.5

6.0

6.4

7.6

Net Worth

5.4

5.9

6.3

7.3

Working Capital

3.2

5.1

5.4

6.7

Fixed Assets

0.7

0.9

1.0

0.9

Intermediate Assets

1.6

-

-

-

Liquid Assets

3.2

4.4

5.3

7.8

Trade Creditors

0.5

0.3

0.2

1.0

Miscellaneous Current Liabilities

1.8

1.1

2.4

3.7

    Other Short Term Finance

1.7

1.0

2.3

2.7

Other Current Liabilities

0.1

0.1

0.1

1.0

Short Term Loans

1.7

1.0

2.3

2.7

    Long Term Loans

0.0

0.0

0.1

0.2

Other Long Term Finance

0.0

0.0

0.1

0.2

Other Long Term Liabilities

0.0

0.0

0.0

0.0

Called Up Share Capital

0.7

0.7

0.7

0.8

 

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

31-Jan-2011

31-Jan-2010

31-Jan-2009

31-Jan-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

EUR

EUR

EUR

EUR

Exchange Rate (Period Average)

0.759051

0.714938

0.688599

0.722989

Consolidated

No

No

No

No

 

 

 

 

 

Net Cashflow From Operating Activities

-0.6

1.8

0.3

0.1

Net Cashflow From ROI & Servicing Of Finance

-0.1

-0.2

-0.4

-0.3

Net Cashflow Before Financing

-0.7

1.6

-0.5

-0.5

Net Cashflow From Financing

0.7

-1.5

-0.3

1.3

Increase In Cash

0.0

0.1

-0.8

0.8

Net Cash

0.1

0.1

0.1

0.8

 

 

 

Annual Ratios

 

 

 

 

31-Jan-2008

Period Length

52 Weeks

Filed Currency

-

Exchange Rate

-

Consolidated

No

 

 

Current Ratio

2.40

Liquidity Ratio

1.63

Net Worth / Total Liabilities

144.56%

Long Term Liab. / Net Worth

0.04

Pretax Profit / Capital Employed

12.13%

Pretax Profit / Total Assets

7.45%

 

 

 Bottom of Form

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.25

UK Pound

1

Rs.79.76

Euro

1

Rs.66.52

 

 

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.