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Report Date : |
07.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
PILZ INTERNATIONAL SERVICE GROUP & TECHNOLOGY |
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|
|
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Registered Office : |
Cork Business & Technology
Park, Model Farm Road, Cork |
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|
|
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Country : |
Ireland |
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|
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Financials (as on) : |
2011 |
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Date of Incorporation : |
28.10.1998 |
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Com. Reg. No.: |
IE295497 |
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Legal Form : |
Single Member
Private Company Limited By Shares |
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|
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Line of Business : |
Agents involved in the sale of machinery, industrial equipment, ships and aircraft. |
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|
|
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
No complaints |
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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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Ireland |
B1 |
B1 |
|
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 former 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 new KENNY government has intensified austerity measures to try to meet the deficit targets under Ireland's EU-IMF program. Ireland achieved moderate growth of 1.4% in 2011 and cut the budget deficit to 9.1% of GDP. Although the recovery slowed in 2012 because of weaker EU demand for Irish exports, Dublin managed to trim the deficit to about 8.5% of GDP.
Source
: CIA
PILZ INTERNATIONAL SERVICE GROUP & TECHNOLOGY
Company Name PILZ INTERNATIONAL
SERVICE GROUP & TECHNOLOGY
Company Registration IE295497
Country IE
Activity Code 51140
Activity Description Agents involved
in the sale of machinery, industrial
equipment, ships and aircraft
Company Status Active - Accounts Filed
Latest Turnover
0.00 (EUR)
Latest Shareholders Equity 108.00 (EUR)
Activities
Activity Code 51140
Activity Description Agents involved
in the sale of machinery, industrial equipment, ships and aircraft
Company Name PILZ INTERNATIONAL
SERVICE
GROUP &
TECHNOLOGY
Registered Company Name PILZ INTERNATIONAL
SERVICE GROUP
& TECHNOLOGY
Company Registration Number IE295497
Country IE
Date of Company
Registration 28/10/1998
Date of Starting
Operations 28/10/1998
Legal Form SINGLE MEMBER PRIVATE COMPANY LIMITED BY SHARES
Company Status Active - Accounts Filed
Principal Activity Description
The sale, production and development
of
safety products and related
components for industrial and electrical equipment and software developments.
Contact Address CORK BUSINESS
& TECHNOLOGY PARK, MODEL
FARM ROAD, CORK
Contact Telephone
Number 0214346535
Main Address
Address CORK BUSINESS
& TECHNOLOGY PARK,
MODEL
FARM ROAD, CORK
Telephone 0214346535
Name RENATE PILZ
Address HELLERWEG 75, ESSLINGEN AN, GERMANY-,73D728
Date of Birth 22/11/1940
Position Company Secretary
Date Appointed
29/10/1998
Name RENATE PILZ
Address HELLERWEG
75, ESSLINGEN AN,
GERMANY-,73D728
Date of Birth 22/11/1940
Position Director
Date Appointed
29/10/1998
Name JOHN MCAULIFFE
Address WEST END,
BOHERBUE,
CO CORK
Date of Birth 02/08/1958
Position Director
Date Appointed
31/08/1999
Share Capital
Structure
Issued Share capital
126.97 (EUR)
Name PILZ BETEILIGUNGS UND VERWALTUNGS GMBH
Employee Information
Year 2011
Number of Employees
0
Year 2010
Number of Employees
0
Year 2009
Number of Employees
0
Bankers
Name ALLIED IRISH BANK
Profit & Loss
Financial Year 2011 2010 2009
Number of Weeks 52 52 52
Currency EUR EUR EUR
Consolidated Accounts False False False
Revenue 0.00 0.00 0.00
Wages & Salaries 0.00 0.00 0.00
Pension Costs 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00
Amortisation 0.00 0.00 0.00
Profit Before Tax 0.00 0.00 0.00
Other Appropriations 0.00 0.00 0.00
Balance Sheet
Financial Year 2011 2010 2009
Number of Weeks 52 52 52
Currency EUR EUR EUR
Consolidated Accounts False False False
Total Tangible Assets 0.00 0.00 0.00
Total Intangible
Assets 5.00 5.00 5.00
Total Other Fixed Assets 0.00 0.00 0.00
Total Fixed Assets 5.00 5.00 5.00
Total Inventories
0.00 0.00 0.00
Trade Receivables
137.00 133.00
130.00
Miscellaneous Receivables 0.00 0.00 0.00
Total Receivables 137.00 133.00 130.00
Cash 0.00 0.00 0.00
Other Current Assets
0.00 0.00 0.00
Total Current Assets 137.00 133.00 130.00
Total Assets 142.00 138.00 135.00
Trade Payables
34.00 46.00
60.00
Bank Liabilities
0.00 0.00 0.00
Other Loans/Finance 0.00 0.00 0.00
Miscellaneous Liabilities 0.00 0.00 0.00
Total Current Liabilities
34.00 46.00
60.00
Bank Liabilities
due after 1 year 0.00 0.00 0.00
Other Loans/Finance
due after 1
year 0.00 0.00 0.00
Miscellaneous Liabilities
due after 1 year 0.00 0.00 0.00
Total Long Term Liabilities
0.00 0.00 0.00
Total Liabilities
34.00 46.00
60.00
Called Up Share Capital
0.00 0.00 0.00
Revenue Reserves 108.00 92.00 75.00
Other Reserves 0.00 0.00 0.00
Total Shareholders Equity 108.00 92.00 75.00
Other Financials
Contingent Liabilities No No No
Working Capital 103.00 87.00 70.00
Net Worth 103.00 87.00 70.00
|
Sales/Net Working
Capital |
0.00 |
0.00 |
0.00 |
|
Debtor Days |
0.00 |
0.00 |
0.00 |
|
Creditor Days |
0.00 |
0.00 |
0.00 |
|
Current Ratio |
4.03 |
2.89 |
2.17 |
|
Liquidity Ratio/Acid Test |
4.02 |
2.89 |
2.16 |
|
Current Debt Ratio |
0.31 |
0.50 |
0.80 |
|
Gearing |
0.00 |
0.00 |
0.00 |
|
Equity in Percentage |
78.83 |
69.17 |
57.69 |
|
Total Debt Ratio |
0.31 |
0.50 |
0.80 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.96 |
|
|
1 |
Rs.102.91 |
|
Euro |
1 |
Rs.85.58 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.