MIRA INFORM REPORT

 

 

Report Date :

24.03.2012

 

IDENTIFICATION DETAILS

 

Name :

WARD STONE LIMITED

 

 

Registered Office :

Malin Road, Carndonagh, Co Donegal

 

 

Country :

Ireland

 

 

Financials (as on) :

30.06.2010

 

 

Date of Incorporation :

08.01.2007

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Cutting, Shaping & Finishing Of Stone

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

1,000 €

Status :

Small Company

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

 

REGISTERED NAME & COMPANY SUMMARY

 

Name

WARD STONE LIMITED

Number

IE432592

 

company summary

 

 

 

Type

Private limited with Share Capital

 

 

Address

MALIN ROAD,
CARNDONAGH,
CO DONEGAL,
CO DONEGAL

Company Status

Active - Accounts Filed

 

 

Town Code

999945

Incorporated Date

08/01/2007

 

 

company information

 

 

Registered Address

 

 

 

 

 

 

 

NDD

N

 

 

 

Address

 

 

MALIN ROAD
CARNDONAGH
CO DONEGAL
CO DONEGAL

 

 

 

 

 

Web Address

 

Incorporation Date

08/01/2007

 

Type of Accounts

Small Company

Filing Date of Accounts

 

 

Company Type

Private Limited With Share Capital

Date of Latest Accounts

30/06/2010

 

Annual Return

08/01/2011

 

 

 

CREDIT RECOMENDATION

 

Current Credit Limit: 1,000 €

 

DIRECTORS/MANAGEMENT

 

directors

View Previous Directors  

 

 

Name

MARGARET WARD

View Consumer Report

 

Address

MAIN ROAD

 

 

 

CARNDONAGH

 

 

CO. DONEGAL

 

Officers Title

 

Date Of Birth

 

 

Honours

 

Present Appointments

1

 

Appointment Date

 

Function

Company Secretary

 

 

 

 

 

 

 

 

Name

PATRICK WARD

View Consumer Report

 

Address

MALIN ROAD

 

 

 

CARNDONAGH

 

 

CO DONEGAL

 

Officers Title

 

Date Of Birth

26/05/1977

 

Honours

 

Present Appointments

1

 

Appointment Date

08/01/2007

Function

Director

 

Name

MARGARET WARD

View Consumer Report

 

Address

MALIN ROAD

 

 

 

CARNDONAGH

 

 

CO.DONEGAL

 

Officers Title

 

Date Of Birth

30/11/1945

 

Honours

 

Present Appointments

3

 

Appointment Date

08/01/2007

Function

Director

 

 

 

 

 

 

 

 

 

Name

POREMA LIMITED

View Consumer Report

 

Address

22, NORTHUMBERLAND ROAD,

 

 

 

BALLSBRIDGE,

 

 

DUBLIN 4.

 

Officers Title

 

Date Of Birth

18/05/1993

 

Honours

 

Present Appointments

more than 200

 

Appointment Date

16/07/2010

Function

Company Secretary

 

NEGATIVE INFORMATION

 

ccj's

 

 

 

Exact Active CJ's

0

 

 

 

Exact Value of CJ's [€]

€0

 

 

 

Possible Active CJ's

0

 

 

 

Unregistered

 

CJ's

 

 

 

 

Year

Exact CJ's

Possible CJ's

 

 

 

 

 

 

 

EXACT CJ DETAILS

 

Date

Court

Amount

Status

Case Number

Date Paid

 

 

 

 

 

 

 

 

 

POSSIBLE CJ DETAILS
Possible CCJ matches show CCJs that may be matched to a company based on various criteria such as similar trading names or addresses. This data is provided for your information only as an aid to decision-making and does not affect a company’s rating.

 

Date

Court

Amount

Status

Case Number

Date Paid

Incoming Record Details

 

 

 

 

 

 

 

 

Registered

 

CJ's

 

 

 

Year

Exact CJ's

Possible CJ's

 

EXACT CJ DETAILS

 

Date

Court

Amount

Status

Case Number

Date Paid

 

 

 

 

 

 

 

 

POSSIBLE CJ DETAILS
Possible CCJ matches show CCJs that may be matched to a company based on various criteria such as similar trading names or addresses. This data is provided for your information only as an aid to decision-making and does not affect a company’s rating.

 

Date

Court

Amount

Status

Case Number

Date Paid

Incoming Record Details

 

SHARE & SHARE CAPITAL INFORMATION

 

Shareholders

 

Share Capital

100

Currency

Eur

 

Shareholders Details

 

 

 

Name

Shares

 

Patrick Ward

50 Ordinary Eur 1.00

 

Margaret Ward

50 Ordinary Eur 1.00

 

PAYMENT INFORMATION

 

Na

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

group structure

 

Summary

 

 

Group - Number of companies:

0

 

Linkages - Number of companies:

0

 

Number of Countries:

0

 

             

 

 

  No group structure available for this company.

 

Business Name

Business No.

Business Status

 

WARD STONE LIMITED

IE432592

N/A

 

There are no other businesses related to this business.

 

FINANCIAL INFORMATION

 

Accounts

profit & loss

Annual Accounts

07/09-06/10

Change (%)

07/08-06/09

Change (%)

01/07-06/08

Months

12

-

12

-

18

Currency

EUR

-

EUR

-

EUR

Consolidated A/cs

N

-

N

-

N

Turnover

-

-

-

-

-

Export

-

-

-

-

-

Cost of Sales

-

-

-

-

-

Gross Profit

-

-

-

-

-

Wages & Salaries

-

-

-

-

-

Directors Emoluments

-

-

-

-

-

Operating Profits

-

-

-

-

-

Depreciation

41,714

-13.8 %

48,373

39.4 %

34,702

Audit Fees

-

-

-

-

-

Interest Payments

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

Taxation

-

-

-

-

-

Profit After Tax

-

-

-

-

-

Dividends Payable

-

-

-

-

-

Retained Profits

-

-

-

-

-

 

Balance Sheet

Annual Accounts

07/09-06/10

Change (%)

07/08-06/09

Change (%)

01/07-06/08

Tangible Assets

91,907

-31.2 %

133,621

-19.4 %

165,868

Intangible Assets

-

-

-

-

-

Total Fixed Assets

91,907

-31.2 %

133,621

-19.4 %

165,868

Total Current Assets

82,372

-25.2 %

110,160

43.9 %

76,570

Trade Debtors

32,159

37.2 %

23,431

-36.5 %

36,890

Stocks & WIP

47,191

-19.4 %

58,536

47.9 %

39,580

Cash

3,022

-89.3 %

28,193

-

-

Other Debtors

-

-

-

-100.0 %

100

Increase In Cash

-25,171

-189.3 %

28,193

-

0

Miscellaneous Current Assets

-

-

-

-

-

Total Assets

174,279

-28.5 %

243,781

0.6 %

242,438

Total Current Liabilities

76,395

-20.9 %

96,543

32.8 %

72,694

Trade Creditors

47,690

-26.2 %

64,621

209.1 %

20,904

Bank Loans & Overdrafts

-

-

-

-100.0 %

34,929

Other Short Term Fin

18,378

-

18,378

-

-

Miscellaneous Current Liabilities

10,327

-23.8 %

13,544

-19.7 %

16,861

Other Long Term Fin

51,079

-47.9 %

97,968

-22.3 %

126,004

Total Long Term Liabilities

51,079

-47.9 %

97,968

-22.3 %

126,004

Bank Loans & Overdrafts & LTL

51,079

-47.9 %

97,968

-39.1 %

160,933

Total Liabilities

127,474

-34.5 %

194,511

-2.1 %

198,698

Net Assets

46,805

-5.0 %

49,270

12.6 %

43,740

Working Capital

5,977

-56.1 %

13,617

251.3 %

3,876

 

Capitals & Reserves

Annual Accounts

07/09-06/10

Change (%)

07/08-06/09

Change (%)

01/07-06/08

Called up Share Capital

100

-

100

-

100

P&L Account Reserve

28,705

29.5 %

22,170

190.2 %

7,640

Sundry Reserves

18,000

-33.3 %

27,000

-25.0 %

36,000

Revaluation Reserve

-

-

-

-

-

Shareholder Funds

46,805

-5.0 %

49,270

12.6 %

43,740

Net Worth

46,805

-5.0 %

49,270

12.6 %

43,740

 

Miscellaneous

Annual Accounts

07/09-06/10

Change (%)

07/08-06/09

Change (%)

01/07-06/08

Net Cashflow from Operations

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

Contingent Liability

NO

-

NO

-

NO

Capital Employed

97,884

-33.5 %

147,238

-13.3 %

169,744

 

Ratios

Annual Accounts

07/09-06/10

07/08-06/09

01/07-06/08

Pre-tax profit margin %

-

-

-

Current ratio

1.08

1.14

1.05

Sales/Net Working Capital

-

-

-

Gearing %

109.1 %

198.8 %

367.9 %

Equity in %

26.9 %

20.2 %

18.0 %

Creditor Days

-

-

-

Debtor Days

-

-

-

Liquidity/Acid Test

0.46

0.53

0.50

Return On Capital Employed %

-

-

-

Return On Total Assets Employed %

-

-

-

Current Debt Ratio %

1.6 %

2.0 %

1.7 %

Total Debt Ratio %

2.7 %

3.9 %

4.5 %

Stock Turnover Ratio %

-

-

-

Return on Net Assets Employed %

-

-

-

 

FOREIGN EXCHANGE RATES

 

Na

 

ADDITIONAL INFORMATION

 

Trading to Date

30/06/10

30/06/09

30/06/08

 

Turnover

-

-

-

 

Shareholder Funds

€46,805

€49,270

€43,740

 

Employees

-

-

-

 

SIC Code:

2670

 

SIC Description:

Cutting, Shaping & Finishing Of Stone

 

 

 

 

 

 

Mortgage Charges

 

Outstanding

0

Satisfied

0

 

Secondary Industry Code Details

 

 

 

SIC Code

Description

 

2670

Cutting, Shaping & Finishing Of Stone

 

No of Employees

-

-

-

-

-

     

Auditors

MCLAUGHLIN WALSH

 

AuditQualification

No Adverse Comments

 

Bankers

 

 

BankBranchCode

 

 

Event History

 

Date

Description

15/03/2011

Annual Returns

15/03/2011

New Accounts Filed

15/03/2011

New Accounts Filed

25/08/2010

Annual Returns

25/08/2010

New Accounts Filed

25/08/2010

New Accounts Filed

16/08/2010

Annual Returns

16/07/2010

New Company Secretary (porema Limited) Appointed

02/01/2008

Annual Returns

08/01/2007

Porema Limited Has Resigned As Company Secretary

08/01/2007

New Company Secretary (margaret Ward) Appointed

08/01/2007

New Board Member (margaret Ward) Appointed

08/01/2007

New Company Secretary (porema Limited) Appointed

08/01/2007

New Board Member (patrick Ward) Appointed

 

NOTES & COMMENTS

 

Na

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.90

UK Pound

1

Rs.80.77

Euro

1

Rs.67.40

 

 

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.