MIRA INFORM REPORT

 

 

Report Date :

18.05.2012

 

IDENTIFICATION DETAILS

 

Name :

NATURAL STONE YARD (THE WARD) LIMITED

 

 

Registered Office :

Dublin Road, Ashbourne, Co Meath 23604

 

 

Country :

Ireland

 

 

Financials (as on) :

30.04.2011

 

 

Date of Incorporation :

11.04.2006

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Cutting, Shaping and Finishing Of Stone

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

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

(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

NATURAL STONE YARD (THE WARD) LIMITED

Company Number

IE418409

 

 

 

 

Registered Address

DUBLIN ROAD

 


 

 

ASHBOURNE

 

 

CO MEATH

 

 

23604

 

Website Address

-

 

 

Telephone Number

 

Fax Number

 

TPS

No

FPS

No

Incorporation Date

11/04/2006

Company Status

Active - Accounts Filed

Previous Name

 

Type

Private limited with Share Capital

Date of Change

-

Filing Date of Accounts

-

 

 

Share Capital

€100

SIC03

2670

Currency

EUR

SIC03 Description

CUTTING, SHAPING & FINISHING OF STONE

SIC07

23700

SIC07 Description

CUTTING, SHAPING AND FINISHING OF STONE

Principal Activity

 

 

 

 

 

DIRECTORS/MANAGEMENT

 

Directors

NATURAL STONE YARD (THE WARD) LIMITED

IE418409

 

Total Current Directors

2

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

3

 

Current Directors

Name

TIMOTHY TWOMEY

Date of Birth

23/07/1966

Officers Title

 

Nationality

 

Present Appointments

1

Function

Director

Appointment Date

11/04/2006

 

 

Address

26 WHITE ASH PARK,  ASHBOURNE,  CO. MEATH, 

Other Actions

View Director Report

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

GILLIAN TWOMEY

Date of Birth

07/10/1977

Officers Title

 

Nationality

 

Present Appointments

2

Function

Director

Appointment Date

11/04/2006

 

 

Address

26 WHITE ASH PARK,  ASHBOURNE,  CO. MEATH, 

Other Actions

View Director Report

 

 

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Current Company Secretary

Name

GILLIAN TWOMEY

Date of Birth

07/10/1977

Officers Title

 

Nationality

 

Present Appointments

2

Function

Company Secretary

Appointment Date

11/04/2006

 

 

Address

26 WHITE ASH PARK,  ASHBOURNE,  CO. MEATH, 

 

 

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

Mortgage Summary

Outstanding

0

Satisfied

0

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Top 20 Shareholders

Name

Individual Share Value

TIMOTHY TWOMEY

50 ORDINARY EUR 1.00

GILLIAN TWOMEY

50 ORDINARY EUR 1.00

 

 

PAYMENT INFORMATION

 

Summary – Payment History

Last 3 Years Credit Rating/Limit

Date

Rating

Limit

31/12/2011

79

€50,000

31/12/2010

79

€50,000

31/12/2009

77

€24,000

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Group Structure

Statistics

Group

-

Linkages

0 companies

Countries

In 0 countries

Summary

Holding Company

-

Ownership Status

-

Ultimate Holding Company

-

Group structure

No group structure

 

 

FINANCIAL INFORMATION

 

Key Financials

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

30/04/2011

-

-

€670,074

-

30/04/2010

-

-

€679,371

-

30/04/2009

-

-

€669,702

-

 

Financials

Profit & Loss

 

Date Of Accounts

30/04/11

(%)

30/04/10

(%)

30/04/09

(%)

30/04/08

(%)

30/04/07

 

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

-

-

€75,486

1.9%

€74,110

999.9%

€4,628

-82.8%

€26,958

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-

 

Balance Sheet

 

Date Of Accounts

30/04/11

(%)

30/04/10

(%)

30/04/09

(%)

30/04/08

(%)

30/04/07

Tangible Assets

€150,990

-33.8%

€228,103

-18.4%

€279,566

-21%

€353,676

52.8%

€231,415

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

€150,990

-33.8%

€228,103

-18.4%

€279,566

-21%

€353,676

52.8%

€231,415

Stock

€419,730

6.9%

€392,769

-2.1%

€401,012

-36.2%

€628,629

53.3%

€410,139

Trade Debtors

€159,073

-17.8%

€193,635

30.9%

€147,980

-49.6%

€293,511

35.2%

€217,141

Cash

€230,188

-16.1%

€274,353

-12.3%

€312,719

13.9%

€274,482

100%

€137,253

Other Debtors

0

-

0

-100%

€13,254

-

0

-

0

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

€808,991

-6%

€860,757

-1.6%

€874,965

-26.9%

€1,196,622

56.5%

€764,533

Trade Creditors

€262,082

-19.1%

€323,861

17.9%

€274,578

-63.9%

€760,308

362.1%

€164,533

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

Other Short Term Finance

0

-

0

-

0

-

0

-100%

€261,841

Miscellaneous Current Liabilities

0

-

0

-100%

€62,856

1.9%

€61,672

-69.4%

€201,214

Total Current Liabilities

€262,082

-19.1%

€323,861

-4%

€337,434

-58.9%

€821,980

31%

€627,588

Bank Loans & Overdrafts and LTL

€27,825

-67.5%

€85,628

-41.9%

€147,395

-31.3%

€214,431

114%

€100,178

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

€27,825

-67.5%

€85,628

-41.9%

€147,395

-31.3%

€214,431

114%

€100,178

 

Capital & Reserves

 

Date Of Accounts

30/04/11

(%)

30/04/10

(%)

30/04/09

(%)

30/04/08

(%)

30/04/07

Called Up Share Capital

€100

-

€100

-

€100

-

€100

-

€100

P & L Account Reserve

€669,974

-1.4%

€679,271

1.4%

€669,602

30.3%

€513,787

91.7%

€268,082

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

€670,074

-1.4%

€679,371

1.4%

€669,702

30.3%

€513,887

91.6%

€268,182

 

Other Financial Items

 

Date Of Accounts

30/04/11

(%)

30/04/10

(%)

30/04/09

(%)

30/04/08

(%)

30/04/07

Net Worth

€670,074

-1.4%

€679,371

1.4%

€669,702

30.3%

€513,887

91.6%

€268,182

Working Capital

€546,909

1.9%

€536,896

-0.1%

€537,531

43.5%

€374,642

173.6%

€136,945

Total Assets

€959,981

-11.8%

€1,088,860

-5.7%

€1,154,531

-25.5%

€1,550,298

55.7%

€995,948

Total Liabilities

€289,907

-29.2%

€409,489

-15.5%

€484,829

-53.2%

€1,036,411

42.4%

€727,766

Net Assets

€670,074

-1.4%

€679,371

1.4%

€669,702

30.3%

€513,887

91.6%

€268,182

 

Cash Flow

 

Date Of Accounts

30/04/11

(%)

30/04/10

(%)

30/04/09

(%)

30/04/08

(%)

30/04/07

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

Miscellaneous

 

Date Of Accounts

30/04/11

(%)

30/04/10

(%)

30/04/09

(%)

30/04/08

(%)

30/04/07

 

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

€697,899

-8.8%

€764,999

-6.4%

€817,097

12.2%

€728,318

97.7%

€368,360

Number of Employees

-

-

-

-

-

-

-

-

-

 

Auditors

 

 

Auditor Comments

The company is exempt from audit

 

Bankers

ALLIED IRISH BANK

 

Bank Branch Code

93-21-32

 

Ratios

 

Date Of Accounts

30/04/11

30/04/10

30/04/09

30/04/08

30/04/07

Pre-tax profit margin %

-

-

-

-

-

Current ratio

3.09

2.66

2.59

1.46

1.22

Sales/Net Working Capital

-

-

-

-

-

Gearing %

4.20

12.60

22

41.70

37.40

Equity in %

69.80

62.40

58

33.10

26.90

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

1.48

1.44

1.40

0.69

0.56

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

0.39

0.47

0.50

1.59

2.34

Total Debt Ratio

0.43

0.60

0.72

2.01

2.71

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

 

 

FOREIGN EXCHANGE RATES

 

Na

 

 

ADDITIONAL INFORMATION

 

Event History

Status History

No Status History found

 

 

NOTES & COMMENTS

 

Na

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.38

UK Pound

1

Rs.86.57

Euro

1

Rs.69.30

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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.