|
Report Date : |
12.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
PREMIUM DESIGN LIMITED |
|
|
|
|
Registered Office : |
The |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
28.02.2011 |
|
|
|
|
Date of Incorporation : |
27.05.1987 |
|
|
|
|
Com. Reg. No.: |
IE122363 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Agents Specialized In The |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRAs 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) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Company Name |
PREMIUM DESIGN LIMITED |
Company Number |
IE122363 |
|
Registered
Address |
THE STORE |
|
|
|
|
|
|
|
|
|
RAHOON |
|
|
|
|
264005 |
|
|
|
Website Address |
- |
|
|
|
Telephone Number
|
091526361 |
Fax Number |
|
|
TPS |
No |
FPS |
No |
|
Incorporation
Date |
27/05/1987 |
Company Status |
Active - Accounts Filed |
|
Previous Name |
|
Type |
Private limited with Share Capital |
|
Date of Change |
- |
Filing Date of
Accounts |
- |
|
|
|
Share Capital |
200 |
|
SIC03 |
5118 |
Currency |
EUR |
|
SIC03
Description |
AGENTS IN PARTICULAR PRODUCTS |
||
|
SIC07 |
46180 |
||
|
SIC07
Description |
AGENTS SPECIALIZED IN THE |
||
|
Principal
Activity |
|
|
|
|
Total Current Directors |
2 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
9 |
Current Directors
|
Name |
Date of Birth |
- |
|
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
14/11/1988 |
|
|
|
Address |
GELNMALURE, DUBLIN ROAD, PORTLAOISE CO. LAOIS., |
||
|
|
|
|
|
|
Name |
Date of Birth |
20/04/1950 |
|
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
01/12/2004 |
|
|
|
Address |
CARTROON, ORANMORE, CO.GALWAY, |
||
|
|
|
|
|
Current Company Secretary
|
Name |
Date of Birth |
02/03/1957 |
|
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
1 |
Function |
Company Secretary |
|
Appointment Date |
01/12/2004 |
|
|
|
Address |
CORRIB HOUSE, |
||
Previous Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
0 |
2 |
|
|
0 |
2 |
|
|
0 |
2 |
|
|
0 |
2 |
|
|
0 |
1 |
|
|
0 |
1 |
|
|
0 |
1 |
|
|
0 |
1 |
|
|
0 |
1 |
CJ
|
Total Number of Exact CJs - |
Total Value of Exact CJs - |
||
|
Total Number of Possible CJs - |
Total Value of Possible CJs - |
||
|
Total Number of Satisfied CJs - |
Total Value of Satisfied CJs - |
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 |
Top 20 Shareholders
|
Name |
Individual Share Value |
|
CHARLES MCCORMACK |
99 ORDINARY EUR 2.00 |
|
JAMES MCCORMACK |
1 ORDINARY EUR 2.00 |
Creditor Details
|
No Creditor Data |
|
Total Value |
- |
Trade Debtors / Bad Debt Detail
|
No Debtor Data |
|
Total Value |
- |
Group structure
No group structure
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder Funds |
Employees |
|
28/02/2011 |
- |
- |
67,656 |
- |
|
28/02/2010 |
- |
- |
78,945 |
- |
|
28/02/2009 |
- |
- |
68,579 |
- |
Profit & Loss
|
Date Of Accounts |
28/02/11 |
(%) |
28/02/10 |
(%) |
28/02/09 |
(%) |
28/02/08 |
(%) |
28/02/07 |
|
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 |
1,926 |
- |
1,926 |
62.5% |
1,185 |
-33.4% |
1,780 |
-34.1% |
2,702 |
|
Audit Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Interest Payments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Pre Tax Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Profit After Tax |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Balance Sheet
|
Date Of Accounts |
28/02/11 |
(%) |
28/02/10 |
(%) |
28/02/09 |
(%) |
28/02/08 |
(%) |
28/02/07 |
|
Tangible Assets |
16,818 |
-10.3% |
18,744 |
-1.6% |
19,057 |
92.6% |
9,894 |
22.1% |
8,105 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
16,818 |
-10.3% |
18,744 |
-1.6% |
19,057 |
92.6% |
9,894 |
22.1% |
8,105 |
|
Stock |
10,000 |
-10.7% |
11,200 |
-22.8% |
14,500 |
17.2% |
12,375 |
11.5% |
11,100 |
|
Trade Debtors |
13,200 |
-27.1% |
18,100 |
7.3% |
16,863 |
-29.2% |
23,813 |
48.8% |
16,008 |
|
Cash |
64,940 |
2.5% |
63,360 |
26.6% |
50,053 |
15.9% |
43,193 |
-28.2% |
60,171 |
|
Other Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Miscellaneous Current Assets |
832 |
-3.8% |
865 |
-1.4% |
877 |
- |
0 |
- |
0 |
|
Total Current Assets |
88,972 |
-4.9% |
93,525 |
13.6% |
82,293 |
3.7% |
79,381 |
-9% |
87,279 |
|
Trade Creditors |
15,479 |
67.4% |
9,247 |
-16% |
11,006 |
-53.4% |
23,601 |
-24.6% |
31,312 |
|
Bank Loans & Overdrafts |
651 |
- |
651 |
-81.1% |
3,440 |
- |
0 |
- |
0 |
|
Other Short Term Finance |
2,494 |
- |
0 |
-100% |
433 |
- |
0 |
- |
0 |
|
Miscellaneous Current Liabilities |
19,510 |
-16.7% |
23,426 |
30.9% |
17,892 |
- |
0 |
- |
0 |
|
Total Current Liabilities |
38,134 |
14.4% |
33,324 |
1.7% |
32,771 |
38.9% |
23,601 |
-24.6% |
31,312 |
|
Bank Loans & Overdrafts and LTL |
651 |
- |
651 |
-81.1% |
3,440 |
- |
0 |
- |
0 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Long Term Liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
Capital & Reserves
|
Date Of Accounts |
28/02/11 |
(%) |
28/02/10 |
(%) |
28/02/09 |
(%) |
28/02/08 |
(%) |
28/02/07 |
|
Called Up Share Capital |
4 |
- |
4 |
- |
4 |
- |
4 |
33.3% |
3 |
|
P & L Account Reserve |
67,652 |
-14.3% |
78,941 |
15.1% |
68,575 |
4.4% |
65,670 |
2.5% |
64,069 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder Funds |
67,656 |
-14.3% |
78,945 |
15.1% |
68,579 |
4.4% |
65,674 |
2.5% |
64,072 |
Other Financial Items
|
Date Of Accounts |
28/02/11 |
(%) |
28/02/10 |
(%) |
28/02/09 |
(%) |
28/02/08 |
(%) |
28/02/07 |
|
Net Worth |
67,656 |
-14.3% |
78,945 |
15.1% |
68,579 |
4.4% |
65,674 |
2.5% |
64,072 |
|
Working Capital |
50,838 |
-15.6% |
60,201 |
21.6% |
49,522 |
-11.2% |
55,780 |
-0.3% |
55,967 |
|
Total Assets |
105,790 |
-5.8% |
112,269 |
10.8% |
101,350 |
13.5% |
89,275 |
-6.4% |
95,384 |
|
Total Liabilities |
38,134 |
14.4% |
33,324 |
1.7% |
32,771 |
38.9% |
23,601 |
-24.6% |
31,312 |
|
Net Assets |
67,656 |
-14.3% |
78,945 |
15.1% |
68,579 |
4.4% |
65,674 |
2.5% |
64,072 |
Miscellaneous
|
Date Of Accounts |
28/02/11 |
(%) |
28/02/10 |
(%) |
28/02/09 |
(%) |
28/02/08 |
(%) |
28/02/07 |
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
67,656 |
-14.3% |
78,945 |
15.1% |
68,579 |
4.4% |
65,674 |
2.5% |
64,072 |
|
Number of Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Auditors |
JOHN POWER & CO |
||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
||||||||
|
Bankers |
BANK OF |
||||||||
|
Bank Branch Code |
90-37-95 |
||||||||
Ratios
|
Date Of Accounts |
28/02/11 |
28/02/10 |
28/02/09 |
28/02/08 |
28/02/07 |
|
Pre-tax profit margin % |
- |
- |
- |
- |
- |
|
Current ratio |
2.33 |
2.81 |
2.51 |
3.36 |
2.79 |
|
Sales/Net Working Capital |
- |
- |
- |
- |
- |
|
Gearing % |
1 |
0.80 |
5 |
0 |
0 |
|
Equity in % |
64 |
70.30 |
67.70 |
73.60 |
67.20 |
|
Creditor Days |
- |
- |
- |
- |
- |
|
Debtor Days |
- |
- |
- |
- |
- |
|
Liquidity/Acid Test |
2.07 |
2.47 |
2.06 |
2.83 |
2.43 |
|
Return On Capital Employed % |
- |
- |
- |
- |
- |
|
Return On Total Assets Employed % |
- |
- |
- |
- |
- |
|
Current Debt Ratio |
0.56 |
0.42 |
0.47 |
0.35 |
0.48 |
|
Total Debt Ratio |
0.56 |
0.42 |
0.47 |
0.35 |
0.48 |
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
Return on Net Assets Employed % |
- |
- |
- |
- |
- |
Na
Mortgage Summary
|
Outstanding |
0 |
|
Satisfied |
0 |
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
26/01/2012 |
Annual Returns |
|
26/01/2012 |
New Accounts Filed |
|
23/02/2011 |
Annual Returns |
|
22/02/2011 |
New Accounts Filed |
|
22/02/2011 |
New Accounts Filed |
|
17/02/2010 |
Annual Returns |
|
17/02/2010 |
New Accounts Filed |
|
17/02/2010 |
New Accounts Filed |
|
07/05/2009 |
New Accounts Filed |
|
07/05/2009 |
Annual Returns |
|
07/10/2008 |
Annual Returns |
|
07/10/2008 |
New Accounts Filed |
|
24/10/2007 |
Annual Returns |
|
24/10/2007 |
Annual Returns |
|
23/10/2007 |
New Accounts Filed |
Previous Company Names
|
No Previous Names found |
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.64 |
|
|
1 |
Rs.86.42 |
|
Euro |
1 |
Rs.69.28 |
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 SCs 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.