MIRA
INFORM REPORT
|
Report Date : |
19.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
RANBAXY IRELAND LIMITED |
|
|
|
|
Formerly Known As : |
RIMA PHARMACEUTICALS LIMITED |
|
|
|
|
Registered Office : |
Spafield, Cork Road, Cashel 142821 |
|
|
|
|
Country : |
Ireland |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
12.06.1980 |
|
|
|
|
Com. Reg. No.: |
IE075951 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Manufacturer of Pharmaceutical |
|
|
|
|
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, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 |
REGISTERED NAME & COMPANY SUMMARY
Company
Name:
RANBAXY
IRELAND LIMITED
Limited
Company
Company
Number:
IE075951
Company
Summary
Registered
Address
SPAFIELD
CORK
ROAD
CASHEL
142821
Trading
Address
SPAFIELD
CORK
ROAD
CASHEL
CO
TIPPERARY
142821
Website
Address
-
Telephone
Number
06261206
Fax
Number
TPS
No
FPS
No
Incorporation
Date
12/06/1980
Previous
Name
RIMA
PHARMACEUTICALS LIMITED
Type
Other
FTSE
Index
-
Date
of Change
-
Filing
Date of Accounts
-
Currency
EUR
DIRECTORS/MANAGEMENT
|
Total Current Directors |
3 |
|
Total Current
Secretaries |
1 |
|
Total Previous Directors
/ Company Secretaries |
17 |
Current Directors
|
Name |
Date of Birth |
30/04/1956 |
|
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
07/03/2011 |
|
|
|
Address |
HOUSE NO 1513, SECTOR
18-D, CHANDIGARH - 160018, INDIA |
||
|
Other Actions |
|
|
|
|
Name |
Date of Birth |
30/07/1963 |
|
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
26/03/2012 |
|
|
|
Address |
BUILDING 4, CHISWICK
PARK, 566 CHISWICK HIGH ROAD, LONDON W4 5YE UNITED KINGDOM |
||
|
Other Actions |
|
|
|
|
Name |
Date of Birth |
29/05/1972 |
|
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
29/01/2013 |
|
|
|
Address |
VIA RENONCINO 1117,
BASIGLIO (MI) 20080 MILAN ITALY |
||
|
Other Actions |
|
|
|
Current Company Secretary
|
Name |
Date of Birth |
11/06/1971 |
|
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
1 |
Function |
Company Secretary |
|
Appointment Date |
18/05/2004 |
|
|
|
Address |
MORTLESTOWN, CAHIR,
CO.TIPPERARY |
||
Previous Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
0 |
1 |
|
|
0 |
1 |
|
|
0 |
1 |
|
|
0 |
1 |
|
|
0 |
1 |
|
|
0 |
1 |
|
|
0 |
1 |
|
|
0 |
1 |
|
|
0 |
2 |
|
|
0 |
2 |
|
|
0 |
1 |
|
|
0 |
1 |
|
|
0 |
1 |
|
|
0 |
1 |
|
|
0 |
1 |
|
|
0 |
1 |
|
|
0 |
1 |
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 - |
Possible
CJ Details
There
are no possible CJ details
Writ Details
Mortgage Details
|
Mortgage Type: |
CONDITIONS FOR MULTI
ACCOUNT CLIENTS. |
||
|
Date Charge Created: |
29/01/97 |
|
|
|
Date Charge Registered: |
13/02/97 |
|
|
|
Date Charge Satisfied: |
08/12/11 |
|
|
|
Status: |
FULLY SATISFIED |
|
|
|
Person(s) Entitled: |
AMERICAN EXPRESS BANK
LTD |
||
|
Amount Secured: |
0 |
||
|
Details: |
ALL PRESENT AND FUTURE
INDEBTEDNESS OF THE COMPANY WITH INTEREST UNDER SPECIFIC AGREEMENT(S) |
||
|
Mortgage Type: |
DEED OF CHATTEL
MORTGAGE. |
||
|
Date Charge Created: |
09/10/95 |
|
|
|
Date Charge Registered: |
12/10/95 |
|
|
|
Date Charge Satisfied: |
08/12/11 |
|
|
|
Status: |
FULLY SATISFIED |
|
|
|
Person(s) Entitled: |
ICC BANK PLC |
||
|
Amount Secured: |
0 |
||
|
Details: |
ALL SUMS NOW DUE OR
HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED |
||
|
Mortgage Type: |
A CHARGE. |
||
|
Date Charge Created: |
15/12/89 |
|
|
|
Date Charge Registered: |
03/01/90 |
|
|
|
Date Charge Satisfied: |
08/12/11 |
|
|
|
Status: |
FULLY SATISFIED |
|
|
|
Person(s) Entitled: |
ALLIED IRISH BANKS PLC |
||
|
Amount Secured: |
0 |
||
|
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: |
15/09/88 |
|
|
|
Date Charge Registered: |
19/09/88 |
|
|
|
Date Charge Satisfied: |
08/12/11 |
|
|
|
Status: |
FULLY SATISFIED |
|
|
|
Person(s) Entitled: |
INDUSTRIAL CREDIT
CORPORATION PLC |
||
|
Amount Secured: |
0 |
||
|
Details: |
ALL SUMS NOW DUE OR
HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED |
||
|
Mortgage Type: |
LETTER OF LIEN AND
SET-OFF. |
||
|
Date Charge Created: |
25/02/87 |
|
|
|
Date Charge Registered: |
09/03/87 |
|
|
|
Date Charge Satisfied: |
08/12/11 |
|
|
|
Status: |
FULLY SATISFIED |
|
|
|
Person(s) Entitled: |
ALLIED IRISH BANKS PLC |
||
|
Amount Secured: |
0 |
||
|
Details: |
ALL SUMS NOW DUE OR
HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED |
||
|
Mortgage Type: |
DEED OF MORTGAGE. |
||
|
Date Charge Created: |
20/01/86 |
|
|
|
Date Charge Registered: |
25/03/86 |
|
|
|
Date Charge Satisfied: |
08/12/11 |
|
|
|
Status: |
FULLY SATISFIED |
|
|
|
Person(s) Entitled: |
INDUSTRIAL CREDIT
CORPORATION PLC |
||
|
Amount Secured: |
0 |
||
|
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: |
02/12/85 |
|
|
|
Date Charge Registered: |
10/12/85 |
|
|
|
Date Charge Satisfied: |
08/12/11 |
|
|
|
Status: |
FULLY SATISFIED |
|
|
|
Person(s) Entitled: |
INDUSTRIAL CREDIT
CORPORATION PLC |
||
|
Amount Secured: |
0 |
||
|
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: |
23/05/85 |
|
|
|
Date Charge Registered: |
07/06/85 |
|
|
|
Date Charge Satisfied: |
08/12/11 |
|
|
|
Status: |
FULLY SATISFIED |
|
|
|
Person(s) Entitled: |
INDUSTRIAL CREDIT
CORPORATION PLC |
||
|
Amount Secured: |
|
||
|
Details: |
ALL SUMS NOW DUE OR
HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED |
||
|
Mortgage Type: |
A DEED OF CHARGE. |
||
|
Date Charge Created: |
31/01/85 |
|
|
|
Date Charge Registered: |
15/02/85 |
|
|
|
Date Charge Satisfied: |
08/12/11 |
|
|
|
Status: |
FULLY SATISFIED |
|
|
|
Person(s) Entitled: |
INDUSTRIAL CREDIT
CORPORATION PLC |
||
|
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: |
20/08/84 |
|
|
|
Date Charge Registered: |
03/09/84 |
|
|
|
Date Charge Satisfied: |
08/12/11 |
|
|
|
Status: |
FULLY SATISFIED |
|
|
|
Person(s) Entitled: |
ALLIED IRISH BANKS PLC |
||
|
Amount Secured: |
|
||
|
Details: |
ALL SUMS NOW DUE OR
HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED |
||
|
Mortgage Type: |
A DEED OF DEBENTURE. |
||
|
Date Charge Created: |
03/08/84 |
|
|
|
Date Charge Registered: |
15/08/84 |
|
|
|
Date Charge Satisfied: |
08/12/11 |
|
|
|
Status: |
FULLY SATISFIED |
|
|
|
Person(s) Entitled: |
INDUSTRIAL CREDIT
CORPORATION PLC |
||
|
Amount Secured: |
|
||
|
Details: |
ALL SUMS NOW DUE OR
HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED |
||
SHARE & SHARE CAPITAL INFORMATION
Share
Capital
€7,111,465
SIC07
21100
Top
20 Shareholders
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
|
RANBAXY (NETHERLANDS) BV |
EUR |
5,644,020 |
ORDINARY |
1.26 |
PAYMENT INFORMATION
Company
DBT
Payment
Trend
Stable
Within
terms
Within terms 91+ Days
Within
Terms
0-30
Days
31-60
Days
61-90
Days
91+
Days
Creditor Details
|
|
Total
Number |
Total
Value |
|
Trade Creditors |
0 |
- |
|
No Creditor Data |
Trade Debtors / Bad Debt Detail
|
|
Total
Number of Documented Trade |
Total
Value of Documented Trade |
|
Trade Debtors |
- |
- |
|
No Debtor Data |
|
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 |
11 companies |
|
Linkages |
|
|
Countries |
Summary
|
Holding Company |
- |
|
Ownership Status |
Intermediately Owned |
|
Ultimate Holding Company
|
DAIICHI SANKYO CO LTD |
Group structure
|
Company Name |
Registered Number |
Latest Key Financials |
Consol. Accounts |
Rating |
Limit |
Turnover |
|
|
N/A |
- |
- |
- |
- |
|
|
HRB
6262 |
31.03.2013 |
Y |
100 |
€15,000,000 |
€767,776,207 |
|
|
IE462208 |
31.03.2013 |
N |
86 |
€25,000 |
€5,304,000 |
|
|
01998736 |
31.03.2013 |
N |
94 |
£490,000 |
£10,431,000 |
|
|
02805907 |
31.03.2013 |
N |
97 |
£455,000 |
£22,439,000 |
|
|
N/A |
31.12.2013 |
- |
40 |
€565,000 |
€163,448,447 |
|
|
33254757 |
31.12.2012 |
N |
82 |
€9,500,000 |
|
|
|
03062051
|
31.12.2012 |
N |
95 |
£100,000
|
|
|
|
03592373 |
31.12.2012 |
N |
96 |
£100,000 |
£6,883,345 |
|
|
IE075951 |
31.12.2012 |
N |
95 |
€385,000 |
€36,708,991 |
|
|
02992795 |
31.12.2012 |
N |
88 |
£175,000 |
£23,951,769 |
DAIICHI
SANKYO CO LTD Other Linked companies
|
|
Number |
Latest Key Financials |
||||
|
|
|
31.03.2013 |
85 |
€50,000,000 |
€8,556,513,090 |
|
|
|
|
31.03.2013 |
70 |
€50,000,000 |
€893,079,172 |
|
|
|
382677144 |
31.03.2013 |
81 |
€950,000 |
€139,888,032 |
|
|
|
HRB
4128 |
31.03.2013 |
84 |
€150,000
|
€1,343,338
|
|
|
|
HRB 177122 |
31.03.2013 |
56 |
€235,000 |
€10,000,559 |
|
|
|
HRB
24383 |
31.03.2009 |
N/R
|
- |
|
|
|
|
305506412 |
31.03.2011 |
57 |
€75,000 |
€6,304,343 |
|
|
|
MI1787791 |
31.12.2012 |
€27,393,391 |
|||
|
|
HRB
7243 |
31.12.2006 |
76 |
€50,000
|
€32,385,540
|
|
|
|
HRB
96373 |
31.03.2010 |
N/R
|
- |
|
|
|
|
34095893
|
31.03.2013 |
50 |
€300,000
|
€7,602,758
|
|
|
|
|
- |
N/R |
- |
|
|
|
|
428546790 |
31.12.2012 |
74 |
€70,000 |
€28,088 |
|
|
|
456957 |
31.03.2011 |
80 |
€0 |
€58,101,977 |
|
|
|
HRA
1919 |
31.03.2012 |
N/R
|
- |
€3,708,620 |
|
|
|
|
- |
70 |
$13,300 |
$1,329,000 |
|
|
|
|
- |
27 |
$17,600 |
$994,000 |
|
|
|
|
- |
85 |
$37,700 |
$2,218,000 |
|
|
|
|
- |
75 |
$14,000 |
$1,402,000 |
|
|
|
|
- |
18 |
$13,200 |
|
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 |
€36,708,991 |
8.7% |
€33,785,253 |
8.3% |
€31,207,696 |
15.6% |
€26,994,607 |
-32.2% |
€39,786,884 |
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cost of Sales |
€22,609,549 |
5.2% |
€21,483,647 |
8.1% |
€19,869,496 |
18.4% |
€16,782,370 |
-33.2% |
€25,123,907 |
|
Gross Profit |
€14,099,442 |
14.6% |
€12,301,606 |
8.5% |
€11,338,200 |
11% |
€10,212,237 |
-30.4% |
€14,662,977 |
|
Wages & Salaries |
€3,528,990 |
5.4% |
€3,347,881 |
2.2% |
€3,274,588 |
5.2% |
€3,111,565 |
4.3% |
€2,984,590 |
|
Directors Emoluments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Profit |
€2,234,552 |
130.9% |
€967,905 |
36.3% |
€709,912 |
-14.3% |
€828,420 |
-62.9% |
€2,229,994 |
|
Depreciation |
€519,388 |
-0.6% |
€522,308 |
0.1% |
€521,969 |
-6.8% |
€559,820 |
0% |
€559,751 |
|
Audit Fees |
€36,000 |
2.9% |
€35,000 |
-49.7% |
€69,607 |
45.4% |
€47,880 |
-7.9% |
€51,995 |
|
Interest Payments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Pre Tax Profit |
€2,286,769 |
124.4% |
€1,018,857 |
35.1% |
€754,237 |
-12.4% |
€861,124 |
-63.3% |
€2,344,997 |
|
Taxation |
-€293,255 |
-82.6% |
-€160,603 |
-48.2% |
-€108,361 |
31.7% |
-€158,629 |
45.8% |
-€292,832 |
|
Profit After Tax |
€1,993,514 |
132.3% |
€858,254 |
32.9% |
€645,876 |
-8.1% |
€702,495 |
-65.8% |
€2,052,165 |
|
Dividends Payable |
- |
- |
- |
-100% |
€2,500,000 |
-50% |
€5,000,000 |
-28.6% |
€7,000,000 |
|
Retained Profit |
€1,993,514 |
132.3% |
€858,254 |
146.3% |
-€1,854,124 |
56.9% |
-€4,297,505 |
13.1% |
-€4,947,835 |
Balance Sheet
|
Date Of Accounts |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
|
Tangible Assets |
€7,828,044 |
12.3% |
€6,968,914 |
-0.7% |
€7,021,159 |
-2.2% |
€7,182,151 |
-28.5% |
€10,042,726 |
|
Intangible Assets |
0 |
- |
0 |
-100% |
€128,896 |
-50% |
€257,740 |
-40.7% |
€434,701 |
|
Total Fixed Assets |
€7,828,044 |
12.3% |
€6,968,914 |
-2.5% |
€7,150,055 |
-3.9% |
€7,439,891 |
-29% |
€10,477,427 |
|
Stock |
€3,931,256 |
88.8% |
€2,082,029 |
-5.9% |
€2,211,806 |
-24.1% |
€2,914,340 |
45.4% |
€2,004,753 |
|
Trade Debtors |
€4,317,615 |
16.7% |
€3,699,185 |
4.2% |
€3,548,776 |
-4.3% |
€3,706,826 |
192.2% |
€1,268,702 |
|
Cash |
€4,802,033 |
87.3% |
€2,563,246 |
-13% |
€2,945,095 |
119.5% |
€1,341,746 |
-61.2% |
€3,459,075 |
|
Other Debtors |
€5,503,400 |
73.2% |
€3,177,482 |
44.2% |
€2,202,974 |
-67.6% |
€6,792,595 |
-42.5% |
€11,817,675 |
|
Miscellaneous Current
Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
€18,554,304 |
61% |
€11,521,942 |
5.6% |
€10,908,651 |
-26.1% |
€14,755,507 |
-20.5% |
€18,550,205 |
|
Trade Creditors |
€497,473 |
25.7% |
€395,638 |
31.6% |
€300,746 |
10% |
€273,449 |
45.1% |
€188,415 |
|
Bank Loans &
Overdrafts |
€1,883 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Short Term Finance |
€7,815,191 |
203% |
€2,579,080 |
-4.6% |
€2,704,782 |
-53% |
€5,760,240 |
-10.4% |
€6,428,427 |
|
Miscellaneous Current
Liabilities |
€1,913,650 |
62.2% |
€1,179,573 |
-24.6% |
€1,563,928 |
94.7% |
€803,121 |
113% |
€377,099 |
|
Total Current
Liabilities |
€10,228,197 |
146.2% |
€4,154,291 |
-9.1% |
€4,569,456 |
-33.2% |
€6,836,810 |
-2.2% |
€6,993,941 |
|
Bank Loans &
Overdrafts and LTL |
€304,668 |
8.8% |
€280,081 |
3% |
€272,017 |
1.4% |
€268,223 |
37.3% |
€195,325 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Long Term
Liabilities |
€302,785 |
8.1% |
€280,081 |
3% |
€272,017 |
1.4% |
€268,223 |
37.3% |
€195,325 |
.
Capital & Reserves
|
Date Of Accounts |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
|
Called Up Share Capital |
€7,111,465 |
- |
€7,111,465 |
- |
€7,111,465 |
- |
€7,111,465 |
- |
€7,111,465 |
|
P & L Account
Reserve |
€6,984,308 |
39.9% |
€4,990,794 |
20.8% |
€4,132,540 |
-31% |
€5,986,664 |
-41.8% |
€10,284,169 |
|
Revaluation Reserve |
€1,294,853 |
-12.2% |
€1,474,472 |
- |
€1,474,472 |
- |
€1,474,472 |
-62.3% |
€3,905,960 |
|
Sundry Reserves |
€460,740 |
-4% |
€479,753 |
-3.8% |
€498,756 |
-3.7% |
€517,764 |
-3.5% |
€536,772 |
|
Shareholder Funds |
€15,851,366 |
12.8% |
€14,056,484 |
6.3% |
€13,217,233 |
-12.4% |
€15,090,365 |
-30.9% |
€21,838,366 |
Other Financial Items
|
Date Of Accounts |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
|
Net Worth |
€15,851,366 |
12.8% |
€14,056,484 |
7.4% |
€13,088,337 |
-11.8% |
€14,832,625 |
-30.7% |
€21,403,665 |
|
Working Capital |
€8,326,107 |
13% |
€7,367,651 |
16.2% |
€6,339,195 |
-19.9% |
€7,918,697 |
-31.5% |
€11,556,264 |
|
Total Assets |
€26,382,348 |
42.7% |
€18,490,856 |
2.4% |
€18,058,706 |
-18.6% |
€22,195,398 |
-23.5% |
€29,027,632 |
|
Total Liabilities |
€10,530,982 |
137.5% |
€4,434,372 |
-8.4% |
€4,841,473 |
-31.9% |
€7,105,033 |
-1.2% |
€7,189,266 |
|
Net Assets |
€15,851,366 |
12.8% |
€14,056,484 |
6.3% |
€13,217,233 |
-12.4% |
€15,090,365 |
-30.9% |
€21,838,366 |
Cash Flow
|
Date Of Accounts |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
|
Net Cashflow from
Operations |
€3,901,170 |
999.9% |
€211,860 |
-95% |
€4,223,528 |
59.6% |
€2,647,146 |
-67.2% |
€8,062,726 |
|
Net Cashflow before
Financing |
€2,236,904 |
685.8% |
-€381,849 |
-123.8% |
€1,603,349 |
175.7% |
-€2,117,329 |
-999.9% |
-€138,416 |
|
Net Cashflow from
Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Increase in Cash |
€2,236,904 |
685.8% |
-€381,849 |
-123.8% |
€1,603,349 |
175.7% |
-€2,117,329 |
-999.9% |
-€138,416 |
Miscellaneous
|
Date Of Accounts |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
€16,154,151 |
12.7% |
€14,336,565 |
6.3% |
€13,489,250 |
-12.2% |
€15,358,588 |
-30.3% |
€22,033,691 |
|
Number of Employees |
85 |
2.4% |
83 |
- |
83 |
3.8% |
80 |
- |
80 |
|
Auditors |
KPMG |
||||||||
|
Auditor Comments |
The audit report
contains no adverse comments |
||||||||
|
Bankers |
ULSTER BANK LTD |
||||||||
|
Bank Branch Code |
98-63-04 |
||||||||
Ratios
|
Date Of Accounts |
31/12/12 |
31/12/11 |
31/12/10 |
31/12/09 |
31/12/08 |
|
Pre-tax profit margin % |
6.23 |
3.02 |
2.42 |
3.19 |
5.89 |
|
Current ratio |
1.81 |
2.77 |
2.39 |
2.16 |
2.65 |
|
Sales/Net Working
Capital |
4.41 |
4.59 |
4.92 |
3.41 |
3.44 |
|
Gearing % |
1.90 |
2 |
2.10 |
1.80 |
0.90 |
|
Equity in % |
60.10 |
76 |
73.70 |
68.80 |
76.40 |
|
Creditor Days |
4.93 |
4.26 |
3.50 |
3.68 |
1.72 |
|
Debtor Days |
42.81 |
39.85 |
41.39 |
49.98 |
11.60 |
|
Liquidity/Acid Test |
1.42 |
2.27 |
1.90 |
1.73 |
2.36 |
|
Return On Capital
Employed % |
14.15 |
7.10 |
5.59 |
5.60 |
10.64 |
|
Return On Total Assets
Employed % |
8.66 |
5.51 |
4.17 |
3.87 |
8.07 |
|
Current Debt Ratio |
0.64 |
0.29 |
0.34 |
0.45 |
0.32 |
|
Total Debt Ratio |
0.66 |
0.31 |
0.36 |
0.47 |
0.32 |
|
Stock Turnover Ratio % |
10.70 |
6.16 |
7.08 |
10.79 |
5.03 |
|
Return on Net Assets
Employed % |
14.42 |
7.24 |
5.70 |
5.70 |
10.73 |
FOREIGN EXCHANGE RATES
N/a
ADDITIONAL INFORMATION
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
11/12/2013 |
PRADEEP CHAUHAW has left
the board |
|
05/03/2013 |
New Accounts Filed |
|
27/02/2013 |
Annual Returns |
|
29/01/2013 |
New Board Member (NEERAJ
SHARMA) appointed |
|
20/12/2012 |
DEBASHIS DAS GUPTA has
left the board |
|
09/05/2012 |
New Accounts Filed |
|
09/05/2012 |
New Accounts Filed |
|
25/04/2012 |
Annual Returns |
|
26/03/2012 |
New Board Member
(VICKRAMAN SATTANTHAN) appointed |
|
23/03/2012 |
SANDEEP MEHANDROO has
left the board |
|
05/03/2012 |
SANDEEP PURI has left
the board |
|
23/08/2011 |
New Accounts Filed |
|
12/08/2011 |
Annual Returns |
|
07/03/2011 |
ARUN SAWHNEY has left
the board |
|
07/03/2011 |
New Board Member
(PRADEEP CHAUHAW) appointed |
Previous Company Names
|
Date |
Previous Name |
|
N/A |
RIMA PHARMACEUTICALS
LIMITED |
Received Documents
Statistics
|
Group |
|
|
Linkages |
25 companies |
|
Countries |
In 8 countries |
NOTES & COMMENTS
Commentary
|
No exact match CCJs are
recorded against the company. |
|
|
Sales in the latest
trading period increased 8.7% on the previous trading period. |
|
|
Net Worth increased by
12.8% during the latest trading period. |
|
|
A 42.7% growth in Total Assets occurred
during the latest trading period. |
|
|
Pre-tax profits increased by 124.4%
compared to the previous trading period. |
|
|
The company saw an increase in their Cash
Balance of 87.3% during the latest trading period. |
|
|
The audit report contains no adverse
comments. |
|
|
The company has undergone recent changes
in its directorships. |
|
|
The company is part of a group. |
|
|
The company was established over 33 years
ago. |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 58.86 |
|
|
1 |
Rs. 98.82 |
|
Euro |
1 |
Rs. 80.71 |
INFORMATION DETAILS
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
DPT |
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.