MIRA
INFORM REPORT
|
Report Date : |
10.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
CARL SCARPA (GRAFTON ST.) LIMITED |
|
|
|
|
Formerly Known As : |
CARL SCARPA (WICKLOW ST.) LTD |
|
|
|
|
Registered Office : |
21 North Park North Road Finglas |
|
|
|
|
Country : |
Ireland |
|
|
|
|
Financials (as on) : |
30.01.2011 |
|
|
|
|
Date of Incorporation : |
21.07.1981 |
|
|
|
|
Com. Reg. No.: |
IE083982 |
|
|
|
|
Legal Form : |
Financial Statements too old |
|
|
|
|
Line of Business : |
Not Available |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Ireland |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
IRELAND - ECONOMIC
OVERVIEW
Ireland is a small, modern, trade-dependent economy. Ireland was among the initial group of 12 EU nations that began circulating the euro on 1 January 2002. GDP growth averaged 6% in 1995-2007, but economic activity has dropped sharply since the onset of the world financial crisis, with GDP falling by over 3% in 2008, nearly 7% in 2009, and less than 1% in 2010. Ireland entered into a recession in 2008 for the first time in more than a decade, with the subsequent collapse of its domestic property and construction markets. Property prices rose more rapidly in Ireland in the decade up to 2007 than in any other developed economy. Since their 2007 peak, average house prices have fallen 47%. In the wake of the collapse of the construction sector and the downturn in consumer spending and business investment, the export sector, dominated by foreign multinationals, has become a key component of Ireland's economy. Agriculture, once the most important sector, is now dwarfed by industry and services. In 2008 the COWEN government moved to guarantee all bank deposits, recapitalize the banking system, and establish partly-public venture capital funds in response to the country's economic downturn. In 2009, in continued efforts to stabilize the banking sector, the Irish Government established the National Asset Management Agency (NAMA) to acquire problem commercial property and development loans from Irish banks. Faced with sharply reduced revenues and a burgeoning budget deficit, the Irish Government introduced the first in a series of draconian budgets in 2009. In addition to across-the-board cuts in spending, the 2009 budget included wage reductions for all public servants. These measures were not sufficient. In 2010, the budget deficit reached 32.4% of GDP - the world's largest deficit, as a percentage of GDP - because of additional government support for the banking sector. In late 2010, the former COWEN Government agreed to a $112 billion loan package from the EU and IMF to help Dublin further increase the capitalization of its banking sector and avoid defaulting on its sovereign debt. Since entering office in March 2011, the KENNY government has intensified austerity measures to try to meet the deficit targets under Ireland's EU-IMF program. Ireland achieved moderate growth in 2011 and cut the budget deficit to 10.1% of GDP, although the recovery is expected to slow in 2012 as a result of the euro-zone debt crisis.
Source
: CIA
REGISTERED NAME & COMPANY
SUMMARY
|
Company Name |
CARL SCARPA (GRAFTON ST.) LIMITED |
Company Number |
IE083982 |
|
Registered Address |
21 North Park |
|
|
|
|
North Road |
|
|
|
|
Finglas |
|
|
|
|
216410 |
|
|
|
Website Address |
- |
|
|
|
Telephone Number |
|
Fax Number |
|
|
TPS |
No |
FPS |
No |
|
Incorporation Date |
21/07/1981 |
Company Status |
Financial Statements too old |
|
Previous Name |
CARL SCARPA (WICKLOW ST.) LTD |
Type |
Other |
|
Date of Change |
- |
Filing Date of Accounts |
- |
|
|
|
Share Capital |
€6 |
|
SIC03 |
|
Currency |
EUR |
|
SIC03 Description |
|
||
|
SIC07 |
|
||
|
SIC07 Description |
|
||
|
Principal Activity |
|
|
|
DIRECTORS/MANAGEMENT
|
Total Current Directors |
2 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
6 |
Current Directors
|
Name |
Date of Birth |
11/01/1972 |
|
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
5 |
Function |
Director |
|
Appointment Date |
08/08/2005 |
|
|
|
Address |
THE OAKS, WATERLOO LANE, DUBLIN 4 |
||
|
Disqualified |
|
|
|
|
Name |
Date of Birth |
05/04/1964 |
|
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
4 |
Function |
Director |
|
Appointment Date |
08/08/2005 |
|
|
|
Address |
DARDISTOWN LODGE, JULIANSTOWN, CO. MEATH |
||
Current Company Secretary
|
Name |
Date of Birth |
11/01/1972 |
|
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
5 |
Function |
Company Secretary |
|
Appointment Date |
08/08/2005 |
|
|
|
Address |
THE OAKS, WATERLOO LANE, DUBLIN 4 |
||
Previous Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
0 |
8 |
|
|
9 |
1 |
|
|
19 |
3 |
|
|
0 |
9 |
|
|
19 |
3 |
|
|
1 |
7 |
NEGATIVE INFORMATION
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
Mortgage Summary
|
Outstanding |
8 |
|
Satisfied |
0 |
Mortgage Details
|
Mortgage Type: |
A charge on land, wherever situate, or any interest therein, but not
including a charge for any rent |
|
Date Charge Created: |
19/04/06 |
|
Date Charge Registered: |
03/05/06 |
|
Date Charge Satisfied: |
- |
|
Status: |
NOT SATISFIED |
|
Person(s) Entitled: |
ULSTER BANK IRELAND LIMITED |
|
Amount Secured: |
|
|
Details: |
|
|
Mortgage Type: |
A charge on land, wherever situate, or any interest therein, but not
including a charge for any rent |
|
Date Charge Created: |
10/03/06 |
|
Date Charge Registered: |
30/03/06 |
|
Date Charge Satisfied: |
- |
|
Status: |
NOT SATISFIED |
|
Person(s) Entitled: |
ULSTER BANK IRELAND LIMITED |
|
Amount Secured: |
|
|
Details: |
|
|
Mortgage Type: |
A floating charge on the undertakings or property of the company. |
|
Date Charge Created: |
30/09/05 |
|
Date Charge Registered: |
19/10/05 |
|
Date Charge Satisfied: |
- |
|
Status: |
NOT SATISFIED |
|
Person(s) Entitled: |
ULSTER BANK IRELAND LIMITED |
|
Amount Secured: |
|
|
Details: |
|
|
Mortgage Type: |
A charge on land, wherever situate, or any interest therein, but not including
a charge for any rent |
|
Date Charge Created: |
25/03/04 |
|
Date Charge Registered: |
15/04/04 |
|
Date Charge Satisfied: |
- |
|
Status: |
NOT SATISFIED |
|
Person(s) Entitled: |
THE GOVERNOR & CO OF THE BANK OF IRELAND |
|
Amount Secured: |
|
|
Details: |
|
|
Mortgage Type: |
AN EQUITABLE MORTGAGE BY DEPOSIT OF TITLE DEE. |
|
Date Charge Created: |
12/03/91 |
|
Date Charge Registered: |
21/03/91 |
|
Date Charge Satisfied: |
- |
|
Status: |
NOT SATISFIED |
|
Person(s) Entitled: |
THE GOVERNOR & CO OF THE BANK OF IRELAND |
|
Amount Secured: |
0 |
|
Details: |
ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE
PERSON(S) ENTITLED |
|
Mortgage Type: |
A DEBENTURE. |
|
Date Charge Created: |
23/03/90 |
|
Date Charge Registered: |
04/04/90 |
|
Date Charge Satisfied: |
- |
|
Status: |
NOT SATISFIED |
|
Person(s) Entitled: |
THE GOVERNOR & CO OF THE BANK OF IRELAND |
|
Amount Secured: |
0 |
|
Details: |
ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE
PERSON(S) ENTITLED |
|
Mortgage Type: |
AN EQUITABLE MORTGAGE BY DEPOSIT OF TITLE DEE. |
|
Date Charge Created: |
29/04/85 |
|
Date Charge Registered: |
10/05/85 |
|
Date Charge Satisfied: |
- |
|
Status: |
NOT SATISFIED |
|
Person(s) Entitled: |
THE GOVERNOR & CO OF THE BANK OF IRELAND |
|
Amount Secured: |
|
|
Details: |
ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE
PERSON(S) ENTITLED |
|
Mortgage Type: |
A DEBENTURE. |
|
Date Charge Created: |
03/06/83 |
|
Date Charge Registered: |
24/06/83 |
|
Date Charge Satisfied: |
- |
|
Status: |
NOT SATISFIED |
|
Person(s) Entitled: |
THE GOVERNOR & CO OF THE BANK OF IRELAND |
|
Amount Secured: |
|
|
Details: |
ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE
PERSON(S) ENTITLED |
SHARE & SHARE CAPITAL
INFORMATION
Top 20
Shareholders
|
|
Individual Share Value |
|
CS CALZATURE LTD |
4 ORDINARY EUR 1.50 |
|
Share Capital |
€6 |
PAYMENT INFORMATION
Payment
Information Summary
|
Days Beyond Terms |
Trend Indicator |
Average Payment Experience |
|
||||
|
Steady Improving Worsening |
Be the first to leave a payment experience
|
|
GROUP STRUCTURE & AFFILIATED
COMPANIES
Statistics
|
Group |
3 companies |
|
Linkages |
|
|
Countries |
Summary
|
Holding Company |
CS CALZATURE LIMITED |
|
Ownership Status |
Intermediately Owned |
|
Ultimate Holding Company |
CS CALZATURE LIMITED |
Group structure
|
Company Name |
|
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
CS CALZATURE
LIMITED |
|
IE301366 |
29.01.2012 |
N |
|
|
CARL SCARPA
(GRAFTON ST.) LI... |
|
IE083982 |
29.01.2012 |
N |
|
|
MOFFITTS FAMILY
SHOE SHOPS L... |
|
IE304479 |
29.01.2012 |
N |
|
FINANCIAL INFORMATION
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder Funds |
Employees |
|
30/01/2011 |
- |
- |
-€290,406 |
- |
|
31/01/2010 |
- |
-€535,593 |
-€414,604 |
- |
|
01/02/2009 |
- |
-€1,811 |
€120,989 |
|
Profit & Loss
|
|
Date Of Accounts |
30/01/11 |
|
31/01/10 |
|
01/02/09 |
|
27/01/08 |
|
28/01/07 |
|
|
Weeks |
52 |
|
52 |
|
53 |
|
52 |
|
52 |
|
|
Currency |
EUR |
|
EUR |
|
EUR |
|
EUR |
|
EUR |
|
|
Consolidated A/cs |
N |
|
N |
|
N |
|
N |
|
N |
|
|
Turnover |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Export |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Cost of Sales |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Gross Profit |
- |
|
€2,232,146 |
|
€3,272,002 |
|
- |
|
- |
|
|
Wages & Salaries |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Directors Emoluments |
- |
|
€184,610 |
|
€227,697 |
|
- |
|
- |
|
|
Operating Profit |
- |
|
-€491,332 |
|
€93,062 |
|
- |
|
- |
|
|
Depreciation |
- |
|
€158,186 |
|
€171,690 |
|
- |
|
- |
|
|
Audit Fees |
- |
|
€10,746 |
|
€7,483 |
|
- |
|
- |
|
|
Interest Payments |
- |
|
€44,261 |
|
€94,873 |
|
- |
|
- |
|
|
Pre Tax Profit |
- |
|
-€535,593 |
|
-€1,811 |
|
- |
|
- |
|
|
Taxation |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Profit After Tax |
- |
|
-€535,593 |
|
-€1,811 |
|
- |
|
- |
|
|
Dividends Payable |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Retained Profit |
- |
|
-€535,593 |
|
-€1,811 |
|
- |
|
- |
%20LIMITED%20-%20206681%2010-Jan-2013_files/image002.gif){kind=small}
Balance Sheet
|
|
Date Of Accounts |
30/01/11 |
|
31/01/10 |
|
01/02/09 |
|
27/01/08 |
|
28/01/07 |
|
|
Tangible Assets |
€92,783 |
|
€412,384 |
|
€496,921 |
|
€755,635 |
|
€757,078 |
|
|
Intangible Assets |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Total Fixed Assets |
€92,783 |
|
€412,384 |
|
€496,921 |
|
€755,635 |
|
€757,078 |
|
|
Stock |
€115,882 |
|
€860,227 |
|
€1,577,757 |
|
€949,918 |
|
€905,492 |
|
|
Trade Debtors |
€49,296 |
|
0 |
|
0 |
|
€967,058 |
|
€96,048 |
|
|
Cash |
€793 |
|
€364,040 |
|
€70,055 |
|
€106,528 |
|
€79,790 |
|
|
Other Debtors |
0 |
|
€836,270 |
|
€934,701 |
|
0 |
|
0 |
|
|
Miscellaneous Current Assets |
0 |
|
€38,936 |
|
0 |
|
€6,302 |
|
€7,151 |
|
|
Total Current Assets |
€165,971 |
|
€2,099,473 |
|
€2,582,513 |
|
€2,029,806 |
|
€1,088,481 |
|
|
Trade Creditors |
€533,674 |
|
€2,265,360 |
|
€715,059 |
|
€1,490,809 |
|
€449,640 |
|
|
Bank Loans & Overdrafts |
0 |
|
0 |
|
€771,666 |
|
€282,855 |
|
€264,627 |
|
|
Other Short Term Finance |
0 |
|
0 |
|
€240,639 |
|
€17,020 |
|
€17,020 |
|
|
Miscellaneous Current Liabilities |
€15,486 |
|
€44,800 |
|
€318,419 |
|
€37,871 |
|
€51,710 |
|
|
Total Current Liabilities |
€549,160 |
|
€2,310,160 |
|
€2,045,783 |
|
€1,828,555 |
|
€782,997 |
|
|
Bank Loans & Overdrafts and LTL |
0 |
|
€616,301 |
|
€1,684,328 |
|
€813,103 |
|
€829,888 |
|
|
Other Long Term Finance |
0 |
|
€12,293 |
|
€36,248 |
|
€41,132 |
|
€58,152 |
|
|
Total Long Term Liabilities |
0 |
|
€616,301 |
|
€912,662 |
|
€530,248 |
|
€565,261 |
Capital & Reserves
|
|
Date Of Accounts |
30/01/11 |
|
31/01/10 |
|
01/02/09 |
|
27/01/08 |
|
28/01/07 |
|
|
Called Up Share Capital |
€6 |
|
€6 |
|
€6 |
|
€6 |
|
€6 |
|
|
P & L Account Reserve |
-€290,412 |
|
-€414,610 |
|
€120,983 |
|
€122,794 |
|
€187,177 |
|
|
Revaluation Reserve |
- |
|
- |
|
- |
|
€303,838 |
|
€310,118 |
|
|
Sundry Reserves |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Shareholder Funds |
-€290,406 |
|
-€414,604 |
|
€120,989 |
|
€426,638 |
|
€497,301 |
Other Financial Items
|
|
Date Of Accounts |
30/01/11 |
|
31/01/10 |
|
01/02/09 |
|
27/01/08 |
|
28/01/07 |
|
|
Net Worth |
-€290,406 |
|
-€414,604 |
|
€120,989 |
|
€426,638 |
|
€497,301 |
|
|
Working Capital |
-€383,189 |
|
-€210,687 |
|
€536,730 |
|
€201,251 |
|
€305,484 |
|
|
Total Assets |
€258,754 |
|
€2,511,857 |
|
€3,079,434 |
|
€2,785,441 |
|
€1,845,559 |
|
|
Total Liabilities |
€549,160 |
|
€2,926,461 |
|
€2,958,445 |
|
€2,358,803 |
|
€1,348,258 |
|
|
Net Assets |
-€290,406 |
|
-€414,604 |
|
€120,989 |
|
€426,638 |
|
€497,301 |
Cash Flow
|
|
Date Of Accounts |
30/01/11 |
|
31/01/10 |
|
01/02/09 |
|
27/01/08 |
|
28/01/07 |
|
|
Net Cashflow from Operations |
- |
|
€393,487 |
|
-€609,248 |
|
- |
|
- |
|
|
Net Cashflow before Financing |
- |
|
€275,577 |
|
-€7,114,633 |
|
- |
|
- |
|
|
Net Cashflow from Financing |
- |
|
-€193,665 |
|
€6,889,349 |
|
- |
|
- |
|
|
Increase in Cash |
- |
|
€81,912 |
|
-€225,284 |
|
- |
|
- |
Miscellaneous
|
|
Date Of Accounts |
30/01/11 |
|
31/01/10 |
|
01/02/09 |
|
27/01/08 |
|
28/01/07 |
|
|
Contingent Liability |
YES |
|
YES |
|
YES |
|
YES |
|
YES |
|
|
Capital Employed |
-€290,406 |
|
€201,697 |
|
€1,033,651 |
|
€956,886 |
|
€1,062,562 |
Ratios
|
|
Date Of Accounts |
30/01/11 |
31/01/10 |
01/02/09 |
27/01/08 |
28/01/07 |
|
|
Pre-tax profit margin % |
- |
- |
- |
- |
- |
|
|
Current ratio |
0.30 |
0.91 |
1.26 |
1.11 |
1.39 |
|
|
Sales/Net Working Capital |
- |
- |
- |
- |
- |
|
|
Gearing % |
0 |
-148.60 |
1392.10 |
190.60 |
166.90 |
|
|
Equity in % |
-112.20 |
-16.50 |
3.90 |
15.30 |
26.90 |
|
|
Creditor Days |
- |
- |
- |
- |
- |
|
|
Debtor Days |
- |
- |
- |
- |
- |
|
|
Liquidity/Acid Test |
0.09 |
0.53 |
0.49 |
0.59 |
0.23 |
|
|
Return On Capital Employed % |
- |
-265.54 |
-0.17 |
- |
- |
|
|
Return On Total Assets Employed % |
- |
-21.32 |
-0.05 |
- |
- |
|
|
Current Debt Ratio |
-1.89 |
-5.57 |
16.90 |
4.28 |
1.57 |
|
|
Total Debt Ratio |
-1.89 |
-7.05 |
24.45 |
5.52 |
2.71 |
|
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
|
Return on Net Assets Employed % |
- |
129.18 |
-1.49 |
- |
- |
FOREIGN EXCHANGE RATES
N/a
ADDITIONAL INFORMATION
|
SIC03 |
|
|
SIC03 Description |
|
|
SIC07 |
|
|
SIC07 Description |
|
|
Principal Activity |
|
|
|
Number of Employees |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Auditors |
CROWLEYS - DFK |
||||||||
|
|
Auditor Comments |
The audit report states that there is uncertainty concerning the
company being a 'going concern' |
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|
|
Bankers |
ULSTER BANK LTD |
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|
|
Bank Branch Code |
|
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Status History
|
No Status History found |
Event History
|
Date |
Description |
|
27/12/2012 |
Annual Returns |
|
21/12/2011 |
New Accounts Filed |
|
21/12/2011 |
New Accounts Filed |
|
20/12/2011 |
Annual Returns |
|
15/12/2010 |
Annual Returns |
|
15/12/2010 |
New Accounts Filed |
|
15/12/2010 |
New Accounts Filed |
|
07/12/2009 |
Annual Returns |
|
07/12/2009 |
New Accounts Filed |
|
11/05/2009 |
Annual Returns |
|
07/12/2008 |
Annual Returns |
|
07/12/2008 |
New Accounts Filed |
|
30/11/2007 |
Annual Returns |
|
20/11/2007 |
New Accounts Filed |
|
20/11/2007 |
New Accounts Filed |
Previous Company Names
|
Date |
Previous Name |
|
N/A |
CARL SCARPA (WICKLOW ST.) LTD |
Received Documents
|
DocumentDescription |
Status |
CRO Registered Date |
|
B1c Annual Return - General |
Received |
26/11/2012 |
|
B1c Annual Return - General |
Received |
26/11/2012 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.96 |
|
UK Pound |
1 |
Rs.88.23 |
|
Euro |
1 |
Rs.71.92 |
INFORMATION DETAILS
|
Report Prepared by
: |
SDA |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.