MIRA INFORM REPORT

 

 

Report Date :

05.05.2012

 

IDENTIFICATION DETAILS

 

Name :

CUT GRANITE SPECIALISTS LIMITED

 

 

Registered Office :

Knocknatubrid Tullow Co Carlow 999929

 

 

Country :

Ireland

 

 

Financials (as on) :

30.09.2010

 

 

Date of Incorporation :

24.10.2005

 

 

Com. Reg. No.:

IE409805

 

 

Legal Form :

Not Available

 

 

Line of Business :

Agents Specialized In The Sale Of Other Particular Products

 

 

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

 

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

 

REGISTERED NAME & COMPANY SUMMARY

 

Company Name

CUT GRANITE SPECIALISTS LIMITED

Company Number

IE409805

Registered Address

KNOCKNATUBRID

 


 

 

TULLOW

 

 

CO CARLOW

 

 

999929

 

Website Address

-

 

 

Telephone Number

 

Fax Number

 

TPS

No

FPS

No

Incorporation Date

24/10/2005

Company Status

Active - Accounts Filed

Previous Name

 

Type

Other

Date of Change

-

Filing Date of Accounts

-

 

 

Share Capital

€2

SIC03

5118

Currency

EUR

SIC03 Description

AGENTS IN PARTICULAR PRODUCTS

SIC07

46180

SIC07 Description

AGENTS SPECIALIZED IN THE SALE OF OTHER PARTICULAR PRODUCTS

Principal Activity

 

 

 

 

DIRECTORS/MANAGEMENT

 

Total Current Directors

2

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

0

Current Directors

Name

SEAMUS BYRNE

Date of Birth

12/06/1963

Officers Title

 

Nationality

 

Present Appointments

1

Function

Director

Appointment Date

24/10/2005

 

 

Address

KNOCKNATUBRID,  TULLOW,  CO CARLOW, 

Other Actions

View Director Report

 

 

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

CARMEL BYRNE

Date of Birth

08/09/1963

Officers Title

 

Nationality

 

Present Appointments

2

Function

Director

Appointment Date

24/10/2005

 

 

Address

KOCKNATUBRID,  TULLOW,  CO CARLOW, 

Other Actions

View Director Report

 

 

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Current Company Secretary

Name

CARMEL BYRNE

Date of Birth

08/09/1963

Officers Title

 

Nationality

 

Present Appointments

2

Function

Company Secretary

Appointment Date

24/10/2005

 

 

Address

KOCKNATUBRID,  TULLOW,  CO CARLOW, 

Other Actions

 

 

 

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 



Previous Director/Company Secretaries

No Previous Director Details

 

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

Unregistered - Exact CJ Details

No CJs found

Unregistered - Possible CJ Details

No CJs found

Registered - Exact CJ Details

No CJs found

Registered - Possible CJ Details

No CJs found

 

SHARE & SHARE CAPITAL INFORMATION

 

Top 20 Shareholders

Name

Individual Share Value

SEAMUS BYRNE

1 ORDINARY EUR 1.00

CARMEL BYRNE

1 ORDINARY EUR 1.00

 

PAYMENT INFORMATION

Payment Information Summary

Total number of Invoices available

12

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

4

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

7

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

1

Total number of Invoices currently outstanding beyond the due date

0

Creditor Details

No Creditor Data

 

Total Value

-

Trade Debtors / Bad Debt Detail

No Debtor Data

 

Total Value

-

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Group

-

Linkages

0 companies

Countries

In 0 countries

Summary

Holding Company

-

Ownership Status

 

Ultimate Holding Company

-

Group structure

No group structure

 

Group

0 companies

Linkages

0 companies

Countries

In 0 countries

 

FINANCIAL INFORMATION

 

Key Financials

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

30/09/2010

-

-

€512,636

-

30/09/2009

-

-

€536,603

-

30/09/2008

-

-

€516,829

-

 

Profit & Loss

 

Date Of Accounts

30/09/10

(%)

30/09/09

(%)

30/09/08

(%)

30/09/07

(%)

30/09/06

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

-

-

-

-

-

-

-

-

-

Depreciation

€46,709

33.6%

€34,972

-22.2%

€44,938

57.5%

€28,541

64.4%

€17,359

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-

 

Balance Sheet

 

Date Of Accounts

30/09/10

(%)

30/09/09

(%)

30/09/08

(%)

30/09/07

(%)

30/09/06

Tangible Assets

€305,177

-10%

€339,244

-2%

€346,130

59.7%

€216,696

49.7%

€144,760

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

€305,177

-10%

€339,244

-2%

€346,130

59.7%

€216,696

49.7%

€144,760

Stock

€395,000

33.7%

€295,422

4.6%

€282,353

33.4%

€211,614

111.6%

€100,000

Trade Debtors

€302,766

-8.9%

€332,470

-35.3%

€513,519

-31.1%

€744,998

24.6%

€597,898

Cash

€9,750

35.6%

€7,192

-

0

-100%

€1

-99.9%

€1,545

Other Debtors

€10,964

-59.8%

€27,294

-68.5%

€86,707

106.3%

€42,020

124.2%

€18,742

Miscellaneous Current Assets

0

-

0

-100%

€9,046

-

0

-

0

Total Current Assets

€718,480

8.5%

€662,378

-25.7%

€891,625

-10.7%

€998,633

39%

€718,185

Trade Creditors

€344,859

83.7%

€187,733

-50.3%

€377,630

-35.5%

€585,351

206.1%

€191,217

Bank Loans & Overdrafts

€98,558

24.6%

€79,094

-

0

-100%

€27,112

-

0

Other Short Term Finance

€29,467

-72.1%

€105,565

-55%

€234,835

127.3%

€103,307

-35.1%

€159,290

Miscellaneous Current Liabilities

€38,137

-51.6%

€78,746

120.7%

€35,681

-55.6%

€80,412

-12.5%

€91,863

Total Current Liabilities

€511,021

13.3%

€451,138

-30.4%

€648,146

-18.6%

€796,182

80%

€442,370

Bank Loans & Overdrafts and LTL

€98,558

6%

€92,975

27.7%

€72,780

-11.4%

€82,134

-66.1%

€242,231

Other Long Term Finance

0

-100%

€13,196

-81.9%

€72,780

32.3%

€55,022

-77.3%

€242,231

Total Long Term Liabilities

0

-100%

€13,881

-80.9%

€72,780

32.3%

€55,022

-77.3%

€242,231

 

Capital & Reserves

 

Date Of Accounts

30/09/10

(%)

30/09/09

(%)

30/09/08

(%)

30/09/07

(%)

30/09/06

Called Up Share Capital

€2

-

€2

-

€2

-

€2

-

€2

P & L Account Reserve

€512,634

-4.5%

€536,601

3.8%

€516,827

41.9%

€364,123

104.2%

€178,342

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

€512,636

-4.5%

€536,603

3.8%

€516,829

41.9%

€364,125

104.2%

€178,344

 

Other Financial Items

 

Date Of Accounts

30/09/10

(%)

30/09/09

(%)

30/09/08

(%)

30/09/07

(%)

30/09/06

Net Worth

€512,636

-4.5%

€536,603

3.8%

€516,829

41.9%

€364,125

104.2%

€178,344

Working Capital

€207,459

-1.8%

€211,240

-13.2%

€243,479

20.3%

€202,451

-26.6%

€275,815

Total Assets

€1,023,657

2.2%

€1,001,622

-19.1%

€1,237,755

1.8%

€1,215,329

40.8%

€862,945

Total Liabilities

€511,021

9.9%

€465,019

-35.5%

€720,926

-15.3%

€851,204

24.3%

€684,601

Net Assets

€512,636

-4.5%

€536,603

3.8%

€516,829

41.9%

€364,125

104.2%

€178,344

 

 

Miscellaneous

 

Date Of Accounts

30/09/10

(%)

30/09/09

(%)

30/09/08

(%)

30/09/07

(%)

30/09/06

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

€512,636

-6.9%

€550,484

-6.6%

€589,609

40.7%

€419,147

-0.3%

€420,575

Number of Employees

-

-

-

-

-

-

-

-

-

Auditors

 

Auditor Comments

The company is exempt from audit

Bankers

 

Bank Branch Code

 

 

Ratios

 

Date Of Accounts

30/09/10

30/09/09

30/09/08

30/09/07

30/09/06

Pre-tax profit margin %

-

-

-

-

-

Current ratio

1.41

1.47

1.38

1.25

1.62

Sales/Net Working Capital

-

-

-

-

-

Gearing %

19.20

17.30

14.10

22.60

135.80

Equity in %

50.10

53.60

41.80

30

20.70

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

0.63

0.81

0.94

0.99

1.40

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

0.99

0.84

1.25

2.18

2.48

Total Debt Ratio

0.99

0.86

1.39

2.33

3.83

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

 

FOREIGN EXCHANGE RATES

 

Na

 

ADDITIONAL INFORMATION

 

Mortgage Summary

Outstanding

0

Satisfied

0

 

Status History

No Status History found

 

 

Event History

Date

Description

11/08/2011

Annual Returns

10/08/2011

New Accounts Filed

10/08/2011

New Accounts Filed

16/07/2010

Annual Returns

16/07/2010

New Accounts Filed

16/07/2009

New Accounts Filed

16/07/2009

Annual Returns

26/08/2008

Annual Returns

26/08/2008

New Accounts Filed

31/05/2008

Annual Returns

30/04/2008

New Accounts Filed

24/10/2005

New Company Secretary (CARMEL BYRNE) appointed

24/10/2005

New Board Member (CARMEL BYRNE) appointed

24/10/2005

New Board Member (SEAMUS BYRNE) appointed

 

Previous Company Names

No Previous Names found

 

NOTES & COMMENTS

 

Na

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.72

UK Pound

1

Rs.86.98

Euro

1

Rs.70.64

 

 

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.