MIRA INFORM REPORT

 

 

Report Date :

06.03.2013

 

IDENTIFICATION DETAILS

 

Name :

NORBROOK LABORATORIES (IRELAND) LIMITED

 

 

Registered Office :

Rossmore Industrial Estate , Monaghan, Zip Code  486816

 

 

Country :

Ireland

 

 

Financials (as on) :

29.07.2011

 

 

Date of Incorporation :

08.01.1980

 

 

Com. Reg. No.:

IE073011

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Not available 

 

 

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 – 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

 

Company name & address

 

Company Name:

NORBROOK LABORATORIES (IRELAND) LIMITED

 

Company No:

IE073011

 

Registered Address:

ROSSMORE INDUSTRIAL ESTATE

MONAGHAN

 

486816

 

 

COMPANY SUMMARY

 

Company Name

NORBROOK LABORATORIES (IRELAND) LIMITED

Company Number

IE073011

Registered Address

ROSSMORE INDUSTRIAL ESTATE

 



 

MONAGHAN

 

 

 

 

 

486816

 

Website Address

-

 

 

Telephone Number

0862538973

Fax Number

 

TPS

No

FPS

No

Incorporation Date

08/01/1980

Company Status

Active - Accounts Filed

Previous Name

 

Type

Private limited with Share Capital

Date of Change

-

Filing Date of Accounts

-

 

 

Share Capital

€3

SIC03

 

Currency

EUR

SIC03 Description

 

SIC07

 

SIC07 Description

 

Principal Activity

 

 

Accounts Due Date -

Commentary

 

There is insufficient data to indicate a change in this companies percentage of sales.

Net Worth increased by 26.2% during the latest trading period.

A 21.3% growth in Total Assets occurred during the latest trading period.

There is insufficient data to indicate a change in this companies pre-tax profit.

The audit report contains no adverse comments.

No recent changes in directorship are recorded.

The company is part of a group.

The positive change in the P&L Account Reserve suggests that the company made a profit after tax and other appropriations.

The company was established over 32 years ago.

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

29/07/2011

-

-

€9,823,176

-

31/07/2010

-

-

€7,781,288

-

31/07/2009

-

-

€6,563,012

-



Payment Information Summary

 

Days Beyond Terms

Trend Indicator

                         Average Payment Experience  What are Creditsafe Users saying about this company's payment behavior? This is Information on a target company's payment behaviour supplied directly by Creditsafe companies based on their direct experience of the company.

 

 

N/A

10

Company
DBT

IE Average
DBT

Steady

   

Improving Worsening

Be the first to leave a payment experience
for this company


Within Terms 91+ Days

 

Know more Share more...

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

1

Satisfied

1

 

 

 

Total Current Directors

3

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

1

 

 

Current Directors

 

Name

MARTIN PATRICK MURDOCK

Date of Birth

25/02/1962

Officers Title

 

Nationality

 

Present Appointments

8

Function

Director

Appointment Date

02/06/1997

 

 

Address

15 WELL ROAD, WARRENPOINT, NEWRY, CO.DOWN BT34 3RS

Other Actions

View Director Report

 

 

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

PATRICK FINTAN HUGHES

Date of Birth

07/02/1956

Officers Title

 

Nationality

 

Present Appointments

6

Function

Director

Appointment Date

13/04/2001

 

 

Address

4 PINEVIEW, COMMONS ROAD, NAVAN, CO. MEATH

Other Actions

View Director Report

 

 

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

LORD BALLYEDMOND

Date of Birth

05/01/1944

Officers Title

 

Nationality

 

Present Appointments

8

Function

Director

Appointment Date

14/08/1980

 

 

Address

BALLYEDMOND CASTLE, ROSTREVOR, CO. DOWN, BT34 3AG

Other Actions

View Director Report

 

 

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Current Company Secretary

Name

MARTIN PATRICK MURDOCK

Date of Birth

25/02/1962

Officers Title

 

Nationality

 

Present Appointments

8

Function

Company Secretary

Appointment Date

01/01/1901

 

 

Address

15 WELL ROAD, WARRENPOINT, NEWRY, CO.DOWN BT34 3RS

Other Actions

 

 

 

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

LORD BALLYMOND

EUR

1

ORDINARY

1.27

NORBROOK LABORATORIES LTD

EUR

1

ORDINARY

1.27

 

Unable to report percentage holdings as filed Shareholder listing is not full.


Profit & Loss

 

 

Date Of Accounts

29/07/11

(%)

31/07/10

(%)

31/07/09

(%)

01/08/08

(%)

03/08/07

 

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

€21,839

31.8%

€16,570

-2.4%

€16,969

-3.1%

€17,514

-7.8%

€18,987

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-

 

 

Balance Sheet

 

 

Date Of Accounts

29/07/11

(%)

31/07/10

(%)

31/07/09

(%)

01/08/08

(%)

03/08/07

Tangible Assets

€8,902,490

41.7%

€6,283,601

33.9%

€4,693,370

17.9%

€3,981,524

14.5%

€3,476,822

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

€8,902,490

41.7%

€6,283,601

33.9%

€4,693,370

17.9%

€3,981,524

14.5%

€3,476,822

Stock

€1,487,178

-20.8%

€1,878,292

28.3%

€1,463,430

-10.8%

€1,639,925

40.1%

€1,170,169

Trade Debtors

€2,402,256

0.5%

€2,389,161

13.7%

€2,101,271

-6.1%

€2,238,711

-21.3%

€2,846,143

Cash

0

-

0

-

0

-

0

-

0

Other Debtors

€57,489

49.1%

€38,558

28.1%

€30,098

-47%

€56,761

24.3%

€45,653

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

€3,946,923

-8.3%

€4,306,011

19.8%

€3,594,799

-8.7%

€3,935,397

-3.1%

€4,061,965

Trade Creditors

€479,269

4.1%

€460,272

27%

€362,370

-9.4%

€399,887

14.6%

€349,047

Bank Loans & Overdrafts

€1,823,489

3.1%

€1,769,076

98.4%

€891,876

-27.7%

€1,233,150

-36.1%

€1,930,322

Other Short Term Finance

0

-

0

-

0

-

0

-

0

Miscellaneous Current Liabilities

€705,163

26.1%

€559,002

24.1%

€450,274

-16.6%

€539,601

31.2%

€411,232

Total Current Liabilities

€3,007,921

7.9%

€2,788,350

63.6%

€1,704,520

-21.5%

€2,172,638

-19.3%

€2,690,601

Bank Loans & Overdrafts and LTL

€1,841,805

2.9%

€1,789,050

96.1%

€912,513

-27.3%

€1,254,664

-35.6%

€1,947,553

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

€18,316

-8.3%

€19,974

-3.2%

€20,637

-4.1%

€21,514

24.9%

€17,231

 

Capital & Reserves

 

 

Date Of Accounts

29/07/11

(%)

31/07/10

(%)

31/07/09

(%)

01/08/08

(%)

03/08/07

Called Up Share Capital

€3

-

€3

-

€3

-

€3

-

€3

P & L Account Reserve

€9,823,173

26.2%

€7,781,285

18.6%

€6,563,009

14.7%

€5,722,766

18.5%

€4,830,952

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

€9,823,176

26.2%

€7,781,288

18.6%

€6,563,012

14.7%

€5,722,769

18.5%

€4,830,955

 

Other Financial Items

 

 

Date Of Accounts

29/07/11

(%)

31/07/10

(%)

31/07/09

(%)

01/08/08

(%)

03/08/07

Net Worth

€9,823,176

26.2%

€7,781,288

18.6%

€6,563,012

14.7%

€5,722,769

18.5%

€4,830,955

Working Capital

€939,002

-38.1%

€1,517,661

-19.7%

€1,890,279

7.2%

€1,762,759

28.5%

€1,371,364

Total Assets

€12,849,413

21.3%

€10,589,612

27.8%

€8,288,169

4.7%

€7,916,921

5%

€7,538,787

Total Liabilities

€3,026,237

7.8%

€2,808,324

62.8%

€1,725,157

-21.4%

€2,194,152

-19%

€2,707,832

Net Assets

€9,823,176

26.2%

€7,781,288

18.6%

€6,563,012

14.7%

€5,722,769

18.5%

€4,830,955

 

Miscellaneous

 

 

Date Of Accounts

29/07/11

(%)

31/07/10

(%)

31/07/09

(%)

01/08/08

(%)

03/08/07

 

Contingent Liability

YES

-

YES

-

YES

-

YES

-

YES

Capital Employed

€9,841,492

26.2%

€7,801,262

18.5%

€6,583,649

14.6%

€5,744,283

18.5%

€4,848,186

Number of Employees

-

-

-

-

-

-

-

-

-

 

Auditors

KPMG

 

Auditor Comments

The audit report contains no adverse comments

 

Bankers

BANK OF IRELAND

 

Bank Branch Code

 

 

 

Ratios

 

 

Date Of Accounts

29/07/11

31/07/10

31/07/09

01/08/08

03/08/07

Pre-tax profit margin %

-

-

-

-

-

Current ratio

1.31

1.54

2.11

1.81

1.51

Sales/Net Working Capital

-

-

-

-

-

Gearing %

18.70

23

13.90

21.90

40.30

Equity in %

76.40

73.50

79.20

72.30

64.10

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

0.81

0.87

1.25

1.05

1.07

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

0.30

0.35

0.25

0.37

0.55

Total Debt Ratio

0.30

0.36

0.26

0.38

0.56

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

Status History

 

No Status History found

 


Event History

 

Date

Description

19/06/2012

New Accounts Filed

19/06/2012

New Accounts Filed

16/06/2012

Annual Returns

02/06/2011

Annual Returns

02/06/2011

New Accounts Filed

13/07/2010

Annual Returns

17/06/2010

Annual Returns

17/06/2010

New Accounts Filed

23/06/2009

Annual Returns

23/06/2009

New Accounts Filed

30/06/2008

Annual Returns

30/06/2008

Annual Returns

13/04/2001

New Board Member (PATRICK FINTAN HUGHES) appointed

02/06/1997

New Board Member (MARTIN PATRICK MURDOCK) appointed

14/08/1980

New Board Member (LORD BALLYEDMOND) appointed

 

 

Previous Company Names

 

No Previous Names found

 

 

Statistics

 

Group

11 companies

Linkages

0 companies

Countries

In 0 countries

 

 

Summary

 

Holding Company

NORBROOK LABORATORIES LIMITED

Ownership Status

Intermediately Owned

Ultimate Holding Company

NORBROOK HOLDINGS LIMITED

 

 

Group structure

 

Company Name

 

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

NORBROOK HOLDINGS LIMITED

 

02258447

29.07.2011

Y

£171,550,286

NORBROOK HOLDINGS B.V.

 

33204983

31.07.2010

N

 

NORBROOK MANUFACTURING LIM...

 

IE128703

29.07.2011

N

 

NORBROOK LABORATORIES LIMITED

 

NI007665

29.07.2011

Y

£160,888,858

NORBROOK EXPORTS LIMITED

 

NI032757

31.07.2011

N

 

CORBY INVESTMENTS LIMITED

 

03425483

29.07.2011

N

 

HAUGHEY AIR LIMITED

 

NI027648

29.07.2011

N

 

NORBROOK LABORATORIES (IRE...

 

IE073011

29.07.2011

N

 

NORBROOK LABORATORIES (G.B...

 

01778942

29.07.2011

N

 

NORBROOK LABORATORIES (N.I...

 

NI014172

31.07.2011

N

 

BALLYEDMOND CASTLE FARMS LTD

 

NI017640

29.07.2011

N

 


Statistics

 

Group

11 companies

Linkages

0 companies

Countries

In 0 countries

 

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

 

 

Mortgage Details

 

Mortgage Type:

A charge on uncalled share capital of the company. A charge created or evidenced by an instrument wh

Date Charge Created:

28/10/08

 

 

Date Charge Registered:

06/11/08

 

 

Date Charge Satisfied:

-

 

 

Status:

NOT SATISFIED

 

 

Person(s) Entitled:

ULSTER BANK LIMITED,

Amount Secured:

 

Details:

 

 

Mortgage Type:

A charge on uncalled share capital of the company. A charge created or evidenced by an instrument wh

Date Charge Created:

07/04/03

 

 

Date Charge Registered:

24/04/03

 

 

Date Charge Satisfied:

11/02/09

 

 

Status:

FULLY SATISFIED

 

 

Person(s) Entitled:

THE GOVERNOR AND COMPANY OF THE BANK OF IRELAND AS SECURITY TRUSTEE FOR THE SECURED PARTIES ( AS DEFINED IN THE DEED)

Amount Secured:

 

Details:

ALL PRESENT AND FUTURE OBLIGATIONS AND LIABILITIES DUE BY THE COMPANY TO THE PERSONS ENTITLED UNDER THE SPECIFIC AGREEMENTS.

 

 

Creditor Details

 

No Creditor Data

Total Value

-

 

Trade Debtors / Bad Debt Detail

 

No Debtor Data

Total Value

-

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

ALAN HOWARD PATTERSON

0

3

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.65

UK Pound

1

Rs.82.66

Euro

1

Rs.71.21

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.