MIRA INFORM REPORT
|
Report Date : |
30.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
GERARD DANIEL WORLDWIDE, LIMITED |
|
|
|
|
Formerly Known As : |
OBLIGATOLIMITED |
|
|
|
|
Registered Office : |
Mountmahon Industrial Estate Abbeyfeale County Limerick 401 |
|
|
|
|
Country : |
Ireland |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
13.05.1987 |
|
|
|
|
Com. Reg. No.: |
IE121989 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Subject is engaged in weaving of fine wire mesh |
|
|
|
|
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Ireland |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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. Ireland entered into a
recession in 2008 for the first time in more than a decade, with the subsequent
collapse of its domestic property market and construction industry. 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 an even more important 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 to
stabilize Ireland’s public finances. 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 country’s deeply troubled banking sector.
In late 2010, the former COWEN government agreed to a $92 billion loan package
from the EU and IMF to help Dublin recapitalize Ireland’s fragile 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 has grown
slowly since 2011, but managed to reduce the budget deficit to 7.2% of GDP in
2013. In late 2013, Ireland formally exited its EU-IMF bailout program,
benefiting from its strict adherence to deficit-reduction targets and success
in refinancing a large amount of banking-related debt.
Source : CIA
Company
name
GERARD DANIEL
WORLDWIDE, LIMITED
Company No IE121989
Company Status Active - Accounts Filed
Registered Address: MOUNTMAHON INDUSTRIAL ESTATE
ABBEYFEALE COUNTY
LIMERICK 401
Company
summary
|
Registered Address |
MOUNTMAHON INDUSTRIAL ESTATE ABBEYFEALE COUNTY LIMERICK 401 |
Trading Address |
MOUNTMAHON INDUSTRIAL ESTATE ABBEYFEALE COUNTY LIMERICK 401 |
|
Website Address |
-- |
Telephone Number |
-- |
|
FPS |
No |
TPS |
No |
|
Incorporate Date |
13/05/1987 |
Previous Name |
OBLIGATOLIMITED |
|
Type |
Other |
|
|
|
Filing Date of
Accounts |
-- |
Date of Change |
-- |
|
Share Capital |
£57,138 |
Currency |
EUR |
|
Charity Number |
- |
SIC07 |
-- |
|
SIC07 Description |
The weaving of fine wire mesh. |
Principal Activity |
-- |
DIRECTORS/MANAGEMENT
|
Total Current Directors |
3 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
6 |
Current Directors
|
Name |
Date of Birth |
24/03/1947 |
|
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
3 |
Function |
Director |
|
Appointment Date |
31/12/1998 |
|
|
|
Address |
34 BARNHART DRIVE, HANOVER, PA 17331, USA |
||
|
Other Actions |
|
|
|
|
Name |
Date of Birth |
23/05/1955 |
|
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
01/12/2011 |
|
|
|
Address |
313 BARBERRY DRIVE, HANOVER, PA 17331 |
||
|
Other Actions |
|
|
|
|
Name |
Date of Birth |
06/04/1967 |
|
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
29/09/2011 |
|
|
|
Address |
21 THE ORCHARD, ABBEYFEALE, CO. LIMERICK |
||
|
Other Actions |
|
|
|
Current Company Secretary
|
Name |
Date of Birth |
23/05/1955 |
|
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
2 |
Function |
Company Secretary |
|
Appointment Date |
01/12/2011 |
|
|
|
Address |
313 BARBERRY DRIVE, HANOVER, PA 17331 |
||
Previous
Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
0 |
6 |
|
|
0 |
6 |
|
|
1 |
2 |
|
|
2 |
4 |
|
|
2 |
4 |
|
|
0 |
2 |
NEGATIVE
INFORMATION
Mortgage Summary
Total Mortgage 10
Outstanding 3
Satisfied 7
Trade Debtors /
Bad Debt Summary
Total Number of Documented Trade 0
Total Value of Documented Trade €0
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 - |
Possible CJ
Details
There are no possible CJ 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 |
Mortgage Details
|
Mortgage Type: |
LEGAL MORTGAGE. |
||
|
Date Charge Created: |
27/10/99 |
|
|
|
Date Charge Registered: |
02/11/99 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
NOT SATISFIED |
|
|
|
Person(s) Entitled: |
NATIONAL IRISH BANK LIMITED |
||
|
Amount Secured: |
|
||
|
Details: |
ALL SUMS DUE OR TO BECOME DUE WHETHER AS PRINCIPAL OR SURETY BY THE COMPANY ON ANY ACCOUNT WITH INTEREST |
||
|
Mortgage Type: |
FLOATING CHARGE. |
||
|
Date Charge Created: |
27/10/99 |
|
|
|
Date Charge Registered: |
02/11/99 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
NOT SATISFIED |
|
|
|
Person(s) Entitled: |
NATIONAL IRISH BANK LIMITED |
||
|
Amount Secured: |
|
||
|
Details: |
ALL SUMS DUE OR TO BECOME DUE WHETHER AS PRINCIPAL OR SURETY BY THE COMPANY TO THE LENDER WITH INTEREST |
||
|
Mortgage Type: |
CHATTEL MORTGAGE COMPRISING A FIRST FIXED CHARGE. |
||
|
Date Charge Created: |
28/04/99 |
|
|
|
Date Charge Registered: |
19/05/99 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
NOT SATISFIED |
|
|
|
Person(s) Entitled: |
FLEET NATIONAL BANK |
||
|
Amount Secured: |
|
||
|
Details: |
ALL MONIES DUE OR TO BECOME DUE WITH INTEREST UNDER SPECIFIC AGREEMENT(S) |
||
|
Mortgage Type: |
A DEED OF MORTGAGE DEBENTURE. |
||
|
Date Charge Created: |
23/12/96 |
|
|
|
Date Charge Registered: |
02/01/97 |
|
|
|
Date Charge Satisfied: |
15/02/05 |
|
|
|
Status: |
FULLY SATISFIED |
|
|
|
Person(s) Entitled: |
ICC BANK PLC |
||
|
Amount Secured: |
|
||
|
Details: |
ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED |
||
|
Mortgage Type: |
DEED OF CHATTEL MORTGAGE. |
||
|
Date Charge Created: |
23/12/96 |
|
|
|
Date Charge Registered: |
02/01/97 |
|
|
|
Date Charge Satisfied: |
15/02/05 |
|
|
|
Status: |
FULLY SATISFIED |
|
|
|
Person(s) Entitled: |
ICC BANK PLC |
||
|
Amount Secured: |
|
||
|
Details: |
ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED |
||
|
Mortgage Type: |
DEED OF COLLATERAL MORTGAGE DEBENTURE. |
||
|
Date Charge Created: |
27/10/95 |
|
|
|
Date Charge Registered: |
03/11/95 |
|
|
|
Date Charge Satisfied: |
15/02/05 |
|
|
|
Status: |
FULLY SATISFIED |
|
|
|
Person(s) Entitled: |
ICC BANK PLC |
||
|
Amount Secured: |
|
||
|
Details: |
ALL SUMS DUE OR TO BECOME DUE |
||
|
Mortgage Type: |
DEED OF COLLATERAL MORTGAGE DEBENTURE. |
||
|
Date Charge Created: |
27/10/95 |
|
|
|
Date Charge Registered: |
03/11/95 |
|
|
|
Date Charge Satisfied: |
15/02/05 |
|
|
|
Status: |
FULLY SATISFIED |
|
|
|
Person(s) Entitled: |
WIRE WEAVERS SCREEN DIVISION LIMITED |
||
|
Amount Secured: |
|
||
|
Details: |
ALL SUMS DUE OR TO BECOME DUE |
||
|
Mortgage Type: |
DEED OF COLLATERAL CHATTEL MORTGAGE. |
||
|
Date Charge Created: |
27/10/95 |
|
|
|
Date Charge Registered: |
03/11/95 |
|
|
|
Date Charge Satisfied: |
15/02/05 |
|
|
|
Status: |
FULLY SATISFIED |
|
|
|
Person(s) Entitled: |
ICC BANK PLC |
||
|
Amount Secured: |
|
||
|
Details: |
ALL SUMS DUE OR TO BECOME DUE |
||
|
Mortgage Type: |
DEED OF COLLATERAL CHATTEL MORTGAGE. |
||
|
Date Charge Created: |
27/10/95 |
|
|
|
Date Charge Registered: |
03/11/95 |
|
|
|
Date Charge Satisfied: |
15/02/05 |
|
|
|
Status: |
FULLY SATISFIED |
|
|
|
Person(s) Entitled: |
WIRE WEAVERS SCREEN DIVISION LIMITED |
||
|
Amount Secured: |
|
||
|
Details: |
ALL SUMS DUE OR TO BECOME DUE |
||
|
Mortgage Type: |
A CHARGE. |
||
|
Date Charge Created: |
28/08/89 |
|
|
|
Date Charge Registered: |
05/09/89 |
|
|
|
Date Charge Satisfied: |
07/04/98 |
|
|
|
Status: |
FULLY 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: |
FIXED CHARGE ON PLANT AND MACHINERY. |
||
|
Date Charge Created: |
02/10/87 |
|
|
|
Date Charge Registered: |
14/10/87 |
|
|
|
Date Charge Satisfied: |
07/04/98 |
|
|
|
Status: |
FULLY 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: |
02/09/87 |
|
|
|
Date Charge Registered: |
14/10/87 |
|
|
|
Date Charge Satisfied: |
15/02/05 |
|
|
|
Status: |
FULLY 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
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
|
GERARD DANIEL & CO. INC. |
EUR |
45,000 |
ORDINARY |
1.27 |
PAYMENT
INFORMATION
Trade Payment
Information
|
Average Invoice Value |
n/a |
|
Invoices available |
n/a |
|
Paid |
n/a |
|
Outstanding |
n/a |
Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.
|
Average Invoice Value |
n/a |
|
Invoices available |
n/a |
|
Paid |
n/a |
|
Outstanding |
n/a |
|
Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger. |
|
|
Within Terms |
0-30 Days |
31-60 Days |
61-90 Days |
91+ Days |
|
Paid |
|
|
|
|
|
|
Outstanding |
|
|
|
|
|
GROUP
STRUCTURE & AFFILIATED COMPANIES
Statistics
|
Group |
3 companies |
|
Linkages |
|
|
Countries |
Summary
|
Holding Company |
- |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
GERARD DANIEL & CO INC |
Group
structure
|
Company Name |
|
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
|
|
- |
- |
|
|
|
|
IE121989 |
31.12.2012 |
N |
|
|
|
|
IE240317 |
31.12.2011 |
N |
|
FINANCIAL
INFORMATION
Profit & Loss
|
|
Date Of Accounts |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
|
|
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 |
- |
- |
€1,395,543 |
15.6% |
€1,207,525 |
-0.9% |
€1,218,641 |
-18.1% |
€1,488,786 |
|
|
Wages & Salaries |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Directors Emoluments |
- |
- |
€176,008 |
84.7% |
€95,298 |
14.3% |
€83,355 |
- |
€83,355 |
|
|
Operating Profit |
- |
- |
€716,407 |
16.3% |
€616,190 |
-9.5% |
€681,158 |
-25.9% |
€919,733 |
|
|
Depreciation |
€32,903 |
6.7% |
€30,844 |
-9.2% |
€33,951 |
-4% |
€35,364 |
-6.7% |
€37,904 |
|
|
Audit Fees |
- |
- |
€16,088 |
0.2% |
€16,050 |
14% |
€14,080 |
-10.6% |
€15,750 |
|
|
Interest Payments |
- |
- |
- |
- |
- |
- |
- |
-100% |
€1,387 |
|
|
Pre Tax Profit |
- |
- |
€726,841 |
15.4% |
€629,952 |
-8.8% |
€690,758 |
-28.2% |
€962,503 |
|
|
Taxation |
- |
- |
-€92,309 |
-26.1% |
-€73,197 |
16.7% |
-€87,888 |
13.2% |
-€101,210 |
|
|
Profit After Tax |
- |
- |
€634,532 |
14% |
€556,755 |
-7.6% |
€602,870 |
-30% |
€861,293 |
|
|
Dividends Payable |
- |
- |
- |
-100% |
€1,102,450 |
- |
- |
- |
- |
|
|
Retained Profit |
- |
- |
€634,532 |
216.3% |
-€545,695 |
-190.5% |
€602,870 |
-30% |
€861,293 |
Balance Sheet
|
|
Date Of Accounts |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
|
|
Tangible Assets |
€443,547 |
3.9% |
€426,842 |
0.9% |
€423,196 |
-5.7% |
€448,993 |
19.6% |
€375,257 |
|
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Fixed Assets |
€443,547 |
3.9% |
€426,842 |
0.9% |
€423,196 |
-5.7% |
€448,993 |
19.6% |
€375,257 |
|
|
Stock |
€1,949,939 |
3.8% |
€1,877,785 |
22.9% |
€1,527,811 |
19% |
€1,284,278 |
-16.8% |
€1,543,140 |
|
|
Trade Debtors |
€2,273,175 |
133.2% |
€974,907 |
5.3% |
€925,792 |
-1.9% |
€943,547 |
-18.4% |
€1,156,048 |
|
|
Cash |
€2,044,949 |
98.3% |
€1,031,078 |
82.9% |
€563,624 |
-56.4% |
€1,293,984 |
312.8% |
€313,437 |
|
|
Other Debtors |
0 |
-100% |
€1,433,205 |
-14.7% |
€1,680,490 |
-0.2% |
€1,683,773 |
-4.2% |
€1,757,118 |
|
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
-100% |
€9,623 |
- |
0 |
|
|
Total Current Assets |
€6,268,063 |
17.9% |
€5,316,975 |
13.2% |
€4,697,717 |
-9.9% |
€5,215,205 |
9.3% |
€4,769,743 |
|
|
Trade Creditors |
€190,516 |
274.1% |
€50,924 |
-51.3% |
€104,616 |
181.1% |
€37,216 |
-54.3% |
€81,450 |
|
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
-100% |
€376 |
|
|
Other Short Term Finance |
0 |
-100% |
€291,679 |
- |
€291,679 |
-9.1% |
€320,713 |
-11.3% |
€361,537 |
|
|
Miscellaneous Current Liabilities |
0 |
-100% |
€117,017 |
56.1% |
€74,953 |
-32.4% |
€110,909 |
1.6% |
€109,147 |
|
|
Total Current Liabilities |
€190,516 |
-58.5% |
€459,620 |
-2.5% |
€471,248 |
0.5% |
€468,838 |
-15.1% |
€552,510 |
|
|
Bank Loans & Overdrafts and LTL |
€8,927 |
- |
€8,927 |
- |
€8,927 |
- |
€8,927 |
-4% |
€9,303 |
|
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Long Term Liabilities |
€8,927 |
- |
€8,927 |
- |
€8,927 |
- |
€8,927 |
- |
€8,927 |
Capital &
Reserves
|
|
Date Of Accounts |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
|
|
Called Up Share Capital |
€57,138 |
- |
€57,138 |
- |
€57,138 |
- |
€57,138 |
- |
€57,138 |
|
|
P & L Account Reserve |
€6,455,029 |
23.7% |
€5,218,132 |
13.8% |
€4,583,600 |
-10.6% |
€5,129,295 |
13.3% |
€4,526,425 |
|
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Shareholder Funds |
€6,512,167 |
23.4% |
€5,275,270 |
13.7% |
€4,640,738 |
-10.5% |
€5,186,433 |
13.2% |
€4,583,563 |
Other Financial Items
|
|
Date Of Accounts |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
|
|
Net Worth |
€6,512,167 |
23.4% |
€5,275,270 |
13.7% |
€4,640,738 |
-10.5% |
€5,186,433 |
13.2% |
€4,583,563 |
|
|
Working Capital |
€6,077,547 |
25.1% |
€4,857,355 |
14.9% |
€4,226,469 |
-11% |
€4,746,367 |
12.5% |
€4,217,233 |
|
|
Total Assets |
€6,711,610 |
16.8% |
€5,743,817 |
12.2% |
€5,120,913 |
-9.6% |
€5,664,198 |
10.1% |
€5,145,000 |
|
|
Total Liabilities |
€199,443 |
-57.4% |
€468,547 |
-2.4% |
€480,175 |
0.5% |
€477,765 |
-14.9% |
€561,437 |
|
|
Net Assets |
€6,512,167 |
23.4% |
€5,275,270 |
13.7% |
€4,640,738 |
-10.5% |
€5,186,433 |
13.2% |
€4,583,563 |
Cash Flow
|
|
Date Of Accounts |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
|
|
Net Cashflow from Operations |
- |
- |
€569,083 |
33.8% |
€425,301 |
-64.8% |
€1,208,848 |
242.3% |
-€849,395 |
|
|
Net Cashflow before Financing |
- |
-100% |
€467,454 |
164% |
-€730,360 |
-174.5% |
€980,922 |
203.6% |
-€947,228 |
|
|
Net Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
100% |
-€1,255 |
|
|
Increase in Cash |
- |
- |
€467,454 |
164% |
-€730,360 |
-174.5% |
€980,922 |
203.4% |
-€948,483 |
Miscellaneous
|
|
Date Of Accounts |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
|
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
YES |
- |
NO |
|
|
Capital Employed |
€6,521,094 |
23.4% |
€5,284,197 |
13.6% |
€4,649,665 |
-10.5% |
€5,195,360 |
13.1% |
€4,592,490 |
|
|
Number of Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Auditors |
MORRISSEY MCCRANN LIMITED |
||||||||
|
|
Auditor Comments |
The audit report contains no adverse comments |
||||||||
|
|
Bankers |
NATIONAL IRISH BANK |
||||||||
|
|
Bank Branch Code |
95-16-87 |
||||||||
Ratios
|
|
Date Of Accounts |
31/12/12 |
31/12/11 |
31/12/10 |
31/12/09 |
31/12/08 |
|
|
Pre-tax profit margin % |
- |
- |
- |
- |
- |
|
|
Current ratio |
32.90 |
11.57 |
9.97 |
11.12 |
8.63 |
|
|
Sales/Net Working Capital |
- |
- |
- |
- |
- |
|
|
Gearing % |
0.10 |
0.20 |
0.20 |
0.20 |
0.20 |
|
|
Equity in % |
97 |
91.80 |
90.60 |
91.60 |
89.10 |
|
|
Creditor Days |
- |
- |
- |
- |
- |
|
|
Debtor Days |
- |
- |
- |
- |
- |
|
|
Liquidity/Acid Test |
22.66 |
7.48 |
6.72 |
8.38 |
5.83 |
|
|
Return On Capital Employed % |
- |
13.75 |
13.54 |
13.29 |
20.95 |
|
|
Return On Total Assets Employed % |
- |
12.65 |
12.30 |
12.19 |
18.70 |
|
|
Current Debt Ratio |
0.02 |
0.08 |
0.10 |
0.09 |
0.12 |
|
|
Total Debt Ratio |
0.03 |
0.08 |
0.10 |
0.09 |
0.12 |
|
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
|
Return on Net Assets Employed % |
- |
13.77 |
13.57 |
13.31 |
20.99 |
FOREIGN
EXCHANGE RATES
Na
ADDITIONAL
INFORMATION
Commentary
|
No exact match CCJs are recorded against the company. |
|
|
The company's credit rating has increased from not rated to 94 which indicates very good creditworthiness. |
|
|
There has been no significant change in the company's credit limit. |
|
|
There is insufficient data to indicate a change in this company's percentage of sales. |
|
|
Net Worth increased by 23.4% during the latest trading period. |
|
|
A 16.8% growth in Total Assets occurred during the latest trading period. |
|
|
There has been no discernible change in the company's pre-tax profit. |
|
|
The company saw an increase in their Cash Balance of 98.3% during the latest trading period. |
|
|
The audit report contains no adverse comments. |
|
|
No recent changes in directorship are recorded. |
|
|
The company is part of a group. |
|
|
The movement in accumulated earnings would indicate that the company made a profit after tax and other appropriations, including dividends. |
|
|
The company was established over 27 years ago. |
|
Enquiries Trend
|
There have been 1 enquiries in the last 12 months. |
|
There are an average of 0 reports taken each month. |
|
|
MONTHS |
6 MONTHS |
9 MONTHS |
|
Enquiries |
1 |
1 |
1 |
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
24/05/2014 |
New Accounts Filed |
|
23/05/2014 |
Annual Returns |
|
23/02/2013 |
New Accounts Filed |
|
23/02/2013 |
New Accounts Filed |
|
21/02/2013 |
Annual Returns |
|
21/02/2012 |
Annual Returns |
|
20/02/2012 |
New Accounts Filed |
|
20/02/2012 |
New Accounts Filed |
|
01/12/2011 |
KIRBY OREWILER has left the board |
|
01/12/2011 |
KIRBY OREWILER has resigned as company secretary |
|
01/12/2011 |
New Board Member (MICHAEL FAKE) appointed |
|
01/12/2011 |
New Company Secretary (MICHAEL FAKE) appointed |
|
29/09/2011 |
MICHAEL QUIGLEY has left the board |
|
29/09/2011 |
New Board Member (REDMOND QUIGLEY) appointed |
|
07/10/2010 |
Annual Returns |
Previous Company
Names
|
Date |
Previous Name |
|
|
N/A |
OBLIGATO LIMITED |
|
|
13/05/1987 |
THE WIRE WEAVERS IRELAND LIMITED |
|
Business Owner Links
|
|
Business Name |
Business No |
Business Status. |
|
|
|
||
|
|
NORMAL |
NOTES
& COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.10 |
|
|
1 |
Rs.102.40 |
|
Euro |
1 |
Rs.81.88 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.