MIRA
INFORM REPORT
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Report Date : |
12.05.2012 |
IDENTIFICATION DETAILS
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Name : |
GRACEPOINT LIMITED |
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Registered Office : |
Unit 9, Hills Hire Centre, Johnstown Road,
Cabinteely, Co |
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Country : |
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Financials (as on) : |
31.10.2011 |
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Date of Incorporation : |
17.04.1997 |
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Com. Reg. No.: |
E0264957 |
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Legal Form : |
Private Independent |
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Line of Business : |
The sale of patio products |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name
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Gracepoint Limited |
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Employees: |
NA |
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Company Type: |
Private Independent |
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Incorporation
Date: |
17-Apr-1997 |
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Auditor: |
John J. Kelly |
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Fiscal Year End: |
31-Oct-2011 |
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Reporting
Currency: |
Euro |
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Annual Sales: |
NA |
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Total Assets: |
0.5 |
Business Description
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The sale of patio products |
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Industry |
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Industry |
Business Services |
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ANZSIC 2006: |
6999 - Other Professional, Scientific and
Technical Services Not Elsewhere Classified |
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NACE 2002: |
7487 - Other business activities not
elsewhere classified |
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NAICS 2002: |
5619 - Other Support Services |
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7487 - Other business activities not
elsewhere classified |
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US SIC 1987: |
7389 - Business Services, Not Elsewhere
Classified |
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News |
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Registered No.(IRE)
E0264957
Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7184801
Balance Sheet Item Exchange Rate: USD 1 = EUR 0.7169487
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Annual Financial
Reports
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Annual Balance Sheet |
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Financials in:
USD (mil) |
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31-Oct-2011 |
31-Oct-2010 |
31-Oct-2008 |
31-Oct-2007 |
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Filed Currency |
EUR |
EUR |
EUR |
EUR |
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Exchange Rate |
0.716949 |
0.719476 |
0.788612 |
0.691204 |
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Consolidated |
No |
No |
No |
No |
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Tangible Assets |
0.0 |
0.0 |
0.1 |
0.0 |
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Total Fixed Assets |
0.0 |
0.0 |
0.1 |
0.0 |
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Stocks |
0.1 |
0.1 |
0.3 |
0.4 |
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Trade Debtors |
- |
- |
0.4 |
0.4 |
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Cash |
0.2 |
0.3 |
0.3 |
0.6 |
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Miscellaneous Current Assets |
0.1 |
0.1 |
- |
0.0 |
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Other Current Assets |
0.3 |
0.4 |
0.3 |
0.6 |
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Total Current Assets |
0.5 |
0.5 |
1.1 |
1.3 |
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Total Assets |
0.5 |
0.5 |
1.1 |
1.4 |
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Net assets |
0.0 |
0.2 |
0.2 |
0.3 |
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Total Current Liabilities |
0.4 |
0.3 |
0.9 |
1.1 |
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Total Liabilities |
0.4 |
0.3 |
0.9 |
1.1 |
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Profit & Loss Account Reserve |
0.0 |
0.2 |
0.2 |
0.3 |
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Shareholders Funds |
0.0 |
0.2 |
0.2 |
0.3 |
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Capital Employed |
0.0 |
0.2 |
0.2 |
0.3 |
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Net Worth |
0.0 |
0.2 |
0.2 |
0.3 |
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Working Capital |
0.0 |
0.2 |
0.2 |
0.2 |
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Liquid Assets |
0.3 |
0.4 |
0.7 |
1.0 |
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Trade Creditors |
0.2 |
0.2 |
0.4 |
0.3 |
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Bank Overdraft |
- |
- |
0.0 |
0.1 |
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Miscellaneous Current Liabilities |
0.2 |
0.2 |
0.4 |
0.7 |
Annual Cash Flows
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Financials in: USD (mil) |
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31-Oct-2011 |
31-Oct-2010 |
31-Oct-2008 |
31-Oct-2007 |
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Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
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Filed Currency |
EUR |
EUR |
EUR |
EUR |
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Exchange Rate
(Period Average) |
0.71848 |
0.74401 |
0.670545 |
0.744418 |
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Consolidated |
No |
No |
No |
No |
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Net Cash |
0.2 |
0.2 |
0.3 |
0.4 |
Annual Ratios
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31-Oct-2007 |
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Period Length |
52 Weeks |
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Filed Currency |
- |
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Exchange Rate |
- |
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Consolidated |
No |
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Current Ratio |
1.18 |
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Liquidity Ratio |
0.85 |
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Net Worth / Total Liabilities |
22.38% |
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Long Term Liab. / Net Worth |
0.00 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.64 |
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1 |
Rs.86.42 |
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Euro |
1 |
Rs.69.28 |
INFORMATION DETAILS
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Report Prepared
by : |
PDT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.