|
Report Date : |
27.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
HEALY CHEMICALS
IRELAND LIMITED |
|
|
|
|
Registered Office : |
Hcl House Cookstown, Industrial Estate, Tallaght, Dublin 24, 216410 |
|
|
|
|
Country : |
Ireland |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
02.07.1984 |
|
|
|
|
Com. Reg. No.: |
IE101919 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
· Wholesaler of chemical products A group engaged
in the importation and distribution of bulk chemicals. |
|
|
|
|
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 : |
Slow But Correct |
|
|
|
|
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: |
HEALY CHEMICALS IRELAND
LIMITED |
|
Company No: |
IE101919 |
|
Registered Address: |
HCL HOUSE COOKSTOWN INDUSTRIAL ESTATE TALLAGHT DUBLIN 24 216410 |
Trading Address: |
HCL HOUSE COOKSTOWN INDUSTRIAL ESTATE TALLAGHT DUBLIN 24 DUBLIN 24 216410 |
|
Incorporation Date |
02/07/1984 |
|
Telephone Number |
|
Type |
Private limited with
Share Capital |
|
|
|
FTSE INDEX |
- |
Date of Change |
- |
|
Filing Date of Accounts |
- |
Currency |
EUR |
|
Share Capital |
€184,112 |
SIC07 |
46750 |
|
Principal Activity |
· Wholesaler of chemical products A group engaged
in the importation and distribution of bulk chemicals. |
||
Current Directors
|
Name |
Date of Birth |
31/05/1954 |
|
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
8 |
Function |
Director |
|
Appointment Date |
01/01/2005 |
|
|
|
Address |
NEW INN, CASHEL, CO.
TIPPERARY. |
||
|
Name |
Date of Birth |
10/07/1953 |
|
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
09/11/2004 |
|
|
|
Address |
Hillside Whitehall Road,
Churchtown, Dublin 16 |
||
|
Name |
Date of Birth |
19/07/1937 |
|
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
09/11/2004 |
|
|
|
Address |
81 Meadow Grove,
Churchtown, Dublin 16 |
||
|
Name |
Date of Birth |
13/06/1953 |
|
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
11 |
Function |
Director |
|
Appointment Date |
10/09/1985 |
|
|
|
Address |
HILLSIDE, WHITEHALL
ROAD, CHURCHTOWN, DUBLIN 14 |
||
|
Name |
Date of Birth |
02/12/1978 |
|
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
19/08/2010 |
|
|
|
Address |
2 MARINE VIEW, ROCK
ROAD, BLACKROCK, CO.DUBLIN |
||
|
Name |
Date of Birth |
07/07/1982 |
|
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
01/09/2011 |
|
|
|
Address |
37 GLEANN NA RI, DRUID
VALLEY, CHERRYWOOD, DUBLIN 18 |
||
Previous
Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
8 |
6 |
|
|
0 |
2 |
|
|
0 |
1 |
|
|
0 |
1 |
|
|
0 |
1 |
|
|
0 |
3 |
|
|
0 |
1 |
|
|
1 |
1 |
|
|
0 |
1 |
|
|
2 |
2 |
|
|
8 |
3 |
|
|
8 |
3 |
|
|
2 |
4 |
|
|
0 |
2 |
|
|
0 |
2 |
|
|
0 |
1 |
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 |
Top 20
Shareholders
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
|
MAURICE ANTHONY HEALY |
EUR |
144,999 |
ORDINARY |
1.27 |
|
ADELAIDE HEALY |
EUR |
1 |
ORDINARY |
1.27 |
Payment Trend
Stable
Within terms
Within terms 91+ Days
Mortgage Details
|
Mortgage Type: |
A floating charge on the
undertakings or property of the company. |
|
Date Charge Created: |
03/03/03 |
|
Date Charge Registered: |
07/03/03 |
|
Date Charge Satisfied: |
- |
|
Status: |
NOT SATISFIED |
|
Person(s) Entitled: |
BANK OF SCOTLAND
(IRELAND) COMMERCIAL FINANCE LIMITED |
|
Amount Secured: |
|
|
Details: |
|
|
Mortgage Type: |
DEED OF MORTGAGE. |
|
Date Charge Created: |
17/09/98 |
|
Date Charge Registered: |
25/09/98 |
|
Date Charge Satisfied: |
- |
|
Status: |
NOT SATISFIED |
|
Person(s) Entitled: |
ICC BANK PLC |
|
Amount Secured: |
|
|
Details: |
ALL SUMS NOW DUE OR
HEREAFTER TO BECOME DUE BY THE COMPANY TO THE LENDER(S) |
|
Mortgage Type: |
DEED OF SPECIFIC CHARGE
ON BOOK DEBTS. |
|
Date Charge Created: |
09/12/97 |
|
Date Charge Registered: |
23/12/97 |
|
Date Charge Satisfied: |
- |
|
Status: |
NOT 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 MORTGAGE. |
|
Date Charge Created: |
16/04/93 |
|
Date Charge Registered: |
23/04/93 |
|
Date Charge Satisfied: |
08/03/06 |
|
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 MORTGAGE. |
|
Date Charge Created: |
03/12/92 |
|
Date Charge Registered: |
11/12/92 |
|
Date Charge Satisfied: |
08/03/06 |
|
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: |
A DEBENTURE. |
|
Date Charge Created: |
09/12/88 |
|
Date Charge Registered: |
21/12/88 |
|
Date Charge Satisfied: |
21/05/04 |
|
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 MORTGAGE
DEBENTURE. |
|
Date Charge Created: |
17/06/88 |
|
Date Charge Registered: |
22/06/88 |
|
Date Charge Satisfied: |
- |
|
Status: |
NOT 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 |
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 |
€668.53 |
|
Invoices available |
2 |
|
Paid |
2 |
|
Outstanding |
0 |
|
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 |
0 |
2 |
0 |
0 |
0 |
|
Outstanding |
0 |
0 |
0 |
0 |
0 |
Statistics
|
Group |
2 companies |
|
Linkages |
|
|
Countries |
Summary
|
Holding Company |
HEALY CHEMICALS IRELAND
LIMITED |
|
Ownership Status |
Ultimately Owned |
|
Ultimate Holding Company
|
HEALY CHEMICALS IRELAND
LIMITED |
Group structure
|
Company Name |
|
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
|
IE101919 |
31.12.2012 |
Y |
€4,897,647 |
|
|
|
02750658 |
31.12.2012 |
N |
|
Business Owner
Links
|
|
Business Name |
Business No |
Business Status. |
|
|
|
||
|
|
NORMAL |
Other Linked
companies
|
|
Number |
Latest Key Financials |
||
|
|
04334528 |
31.12.2012 |
£8,635,246 |
|
|
|
03045524 |
31.12.2012 |
|
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 |
Y |
(%) |
Y |
(%) |
Y |
(%) |
Y |
(%) |
Y |
|
Turnover |
€4,897,647 |
5% |
€4,666,470 |
18.7% |
€3,932,807 |
-19.1% |
€4,859,482 |
-1.3% |
€4,923,821 |
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cost of Sales |
€3,773,021 |
8.9% |
€3,464,274 |
13.2% |
€3,061,499 |
-19% |
€3,778,817 |
-2.3% |
€3,867,751 |
|
Gross Profit |
€1,124,626 |
-6.5% |
€1,202,196 |
38% |
€871,308 |
-19.4% |
€1,080,665 |
2.3% |
€1,056,070 |
|
Wages & Salaries |
€811,709 |
-15.4% |
€959,227 |
37.9% |
€695,422 |
-6.7% |
€745,517 |
-9% |
€819,460 |
|
Directors Emoluments |
€344,553 |
9.5% |
€314,725 |
0.9% |
€312,000 |
-0.4% |
€313,275 |
-20% |
€391,608 |
|
Operating Profit |
-€838,495 |
-528.8% |
€195,524 |
34.5% |
€145,404 |
-61.6% |
€379,082 |
-29.2% |
€535,365 |
|
Depreciation |
€55,589 |
11.7% |
€49,768 |
12.7% |
€44,156 |
13.4% |
€38,928 |
3.7% |
€37,544 |
|
Audit Fees |
- |
- |
- |
- |
€23,684 |
10.2% |
€21,500 |
17% |
€18,375 |
|
Interest Payments |
€91,789 |
-16.6% |
€110,089 |
-16.8% |
€132,397 |
-26.4% |
€179,886 |
-42.4% |
€312,339 |
|
Pre Tax Profit |
-€272,729 |
-147.3% |
€576,028 |
-81.7% |
€3,146,653 |
232.3% |
€946,968 |
-10.9% |
€1,063,337 |
|
Taxation |
-€135,281 |
-11% |
-€121,890 |
35.5% |
-€188,869 |
11.2% |
-€212,750 |
-12.1% |
-€189,736 |
|
Profit After Tax |
-€408,010 |
-189.8% |
€454,138 |
-84.6% |
€2,957,784 |
302.8% |
€734,218 |
-16% |
€873,601 |
|
Dividends Payable |
€79,303 |
-20% |
€99,129 |
150% |
€39,652 |
-69.6% |
€130,225 |
-27.3% |
€179,244 |
|
Retained Profit |
-€487,313 |
-237.3% |
€355,009 |
-87.8% |
€2,918,132 |
383.1% |
€603,993 |
-13% |
€694,357 |
Balance Sheet
|
Date Of Accounts |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
|
Tangible Assets |
€4,274,180 |
-15.9% |
€5,084,467 |
6.3% |
€4,785,121 |
-11.3% |
€5,395,686 |
14.1% |
€4,728,126 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
€4,274,180 |
-15.9% |
€5,084,467 |
6.3% |
€4,785,121 |
-11.3% |
€5,395,686 |
14.1% |
€4,728,126 |
|
Stock |
€218,693 |
-33.2% |
€327,159 |
36% |
€240,581 |
49.4% |
€161,055 |
-11.7% |
€182,364 |
|
Trade Debtors |
€1,570,639 |
73.1% |
€907,153 |
-41.9% |
€1,561,950 |
44.6% |
€1,080,206 |
36.7% |
€790,054 |
|
Cash |
€3,100,911 |
2.5% |
€3,024,645 |
9.9% |
€2,752,964 |
783.1% |
€311,743 |
-36.2% |
€488,980 |
|
Other Debtors |
€1,752,644 |
0.5% |
€1,743,585 |
-11.4% |
€1,969,024 |
139.1% |
€823,615 |
-40.7% |
€1,388,240 |
|
Miscellaneous Current
Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
€6,642,887 |
10.7% |
€6,002,542 |
-8% |
€6,524,519 |
174.5% |
€2,376,619 |
-16.6% |
€2,849,638 |
|
Trade Creditors |
€1,504,890 |
80.8% |
€832,136 |
-20% |
€1,040,265 |
123.8% |
€464,860 |
-36.3% |
€730,083 |
|
Bank Loans &
Overdrafts |
€300,492 |
- |
€300,492 |
-42.3% |
€521,230 |
73.5% |
€300,492 |
-19% |
€370,822 |
|
Other Short Term Finance |
€16,620 |
286.3% |
€4,302 |
-56.6% |
€9,902 |
- |
0 |
- |
0 |
|
Miscellaneous Current
Liabilities |
€208,434 |
21.3% |
€171,837 |
-4.1% |
€179,221 |
28.9% |
€139,079 |
1.7% |
€136,760 |
|
Total Current
Liabilities |
€2,030,436 |
55.1% |
€1,308,767 |
-25.2% |
€1,750,618 |
93.6% |
€904,431 |
-26.9% |
€1,237,665 |
|
Bank Loans &
Overdrafts and LTL |
€606,275 |
-31.9% |
€890,079 |
-35.6% |
€1,381,867 |
-3.5% |
€1,432,444 |
-17.7% |
€1,741,498 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Long Term
Liabilities |
€305,783 |
-48.1% |
€589,587 |
-31.5% |
€860,637 |
-24% |
€1,131,952 |
-17.4% |
€1,370,676 |
Capital &
Reserves
|
Date Of Accounts |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
|
Called Up Share Capital |
€184,112 |
- |
€184,112 |
- |
€184,112 |
- |
€184,112 |
- |
€184,112 |
|
P & L Account
Reserve |
€8,396,736 |
-4.5% |
€8,790,122 |
5.9% |
€8,299,852 |
60.9% |
€5,157,439 |
17.5% |
€4,390,940 |
|
Revaluation Reserve |
- |
-100% |
€214,421 |
- |
€214,421 |
-45.6% |
€394,371 |
- |
€394,371 |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder Funds |
€8,580,848 |
-6.6% |
€9,188,655 |
5.6% |
€8,698,385 |
51.6% |
€5,735,922 |
15.4% |
€4,969,423 |
Other Financial
Items
|
Date Of Accounts |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
|
Net Worth |
€8,580,848 |
-6.6% |
€9,188,655 |
5.6% |
€8,698,385 |
51.6% |
€5,735,922 |
15.4% |
€4,969,423 |
|
Working Capital |
€4,612,451 |
-1.7% |
€4,693,775 |
-1.7% |
€4,773,901 |
224.3% |
€1,472,188 |
-8.7% |
€1,611,973 |
|
Total Assets |
€10,917,067 |
-1.5% |
€11,087,009 |
-2% |
€11,309,640 |
45.5% |
€7,772,305 |
2.6% |
€7,577,764 |
|
Total Liabilities |
€2,336,219 |
23.1% |
€1,898,354 |
-27.3% |
€2,611,255 |
28.2% |
€2,036,383 |
-21.9% |
€2,608,341 |
|
Net Assets |
€8,580,848 |
-6.6% |
€9,188,655 |
5.6% |
€8,698,385 |
51.6% |
€5,735,922 |
15.4% |
€4,969,423 |
Cash Flow
|
Date Of Accounts |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
|
Net Cashflow from
Operations |
€1,142,445 |
-12.3% |
€1,302,648 |
-24.7% |
€1,730,968 |
-6.2% |
€1,846,265 |
-12.7% |
€2,114,555 |
|
Net Cashflow before
Financing |
€608,256 |
32.3% |
€459,594 |
-68.6% |
€1,464,194 |
35.8% |
€1,077,886 |
20.6% |
€893,825 |
|
Net Cashflow from
Financing |
-€248,186 |
-181.7% |
€303,875 |
-70.4% |
€1,027,604 |
207.7% |
-€954,128 |
-174.3% |
-€347,802 |
|
Increase in Cash |
€360,070 |
-52.8% |
€763,469 |
-69.4% |
€2,491,798 |
999.9% |
€123,758 |
-77.3% |
€546,023 |
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 |
€8,886,631 |
-9.1% |
€9,778,242 |
2.3% |
€9,559,022 |
39.2% |
€6,867,874 |
8.3% |
€6,340,099 |
Ratios
|
Date Of Accounts |
31/12/12 |
31/12/11 |
31/12/10 |
31/12/09 |
31/12/08 |
|
Pre-tax profit margin % |
-5.57 |
12.34 |
80.01 |
19.49 |
21.60 |
|
Current ratio |
3.27 |
4.59 |
3.73 |
2.63 |
2.30 |
|
Sales/Net Working
Capital |
1.06 |
0.99 |
0.82 |
3.30 |
3.05 |
|
Gearing % |
7.10 |
9.70 |
15.90 |
25 |
35 |
|
Equity in % |
78.60 |
82.90 |
76.90 |
73.80 |
65.60 |
|
Creditor Days |
111.84 |
64.90 |
96.28 |
34.82 |
53.97 |
|
Debtor Days |
116.73 |
70.76 |
144.56 |
80.91 |
58.40 |
|
Liquidity/Acid Test |
3.16 |
4.33 |
3.58 |
2.44 |
2.15 |
|
Return On Capital
Employed % |
-3.06 |
5.89 |
32.91 |
13.78 |
16.77 |
|
Return On Total Assets
Employed % |
-2.49 |
5.19 |
27.82 |
12.18 |
14.03 |
|
Current Debt Ratio |
0.23 |
0.14 |
0.20 |
0.15 |
0.24 |
|
Total Debt Ratio |
0.27 |
0.20 |
0.30 |
0.35 |
0.52 |
|
Stock Turnover Ratio % |
4.46 |
7.01 |
6.11 |
3.31 |
3.70 |
|
Return on Net Assets
Employed % |
-3.17 |
6.26 |
36.17 |
16.50 |
21.3 |
|
Number of Employees |
- |
- |
- |
- |
- |
|
Auditors |
WHELAN DOWLING &
ASSOCIATES |
|
Auditor Comments |
The audit report
contains no adverse comments |
|
Bankers |
ALLIED IRISH BANKS PLC |
|
Bank Branch Code |
93-11-36 |
Current Company
Secretary
|
Name |
Date of Birth |
02/12/1978 |
|
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
2 |
Function |
Company Secretary |
|
Appointment Date |
01/08/2008 |
|
|
|
Address |
2 MARINE VIEW, ROCK
ROAD, BLACKROCK, CO.DUBLIN |
||
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
11/09/2013 |
New Accounts Filed |
|
11/09/2013 |
New Accounts Filed |
|
10/09/2013 |
Annual Returns |
|
22/10/2012 |
New Accounts Filed |
|
22/10/2012 |
New Accounts Filed |
|
20/10/2012 |
Annual Returns |
|
10/12/2011 |
Annual Returns |
|
10/12/2011 |
New Accounts Filed |
|
10/12/2011 |
New Accounts Filed |
|
01/09/2011 |
New Board Member (GARETH
HEALY) appointed |
|
09/09/2010 |
Annual Returns |
|
08/09/2010 |
New Accounts Filed |
|
08/09/2010 |
New Accounts Filed |
|
19/08/2010 |
New Board Member
(ANTHONY HEALY) appointed |
|
21/12/2009 |
Annual Returns |
Previous Company
Names
|
No Previous Names found |
Commentary
|
No exact match CCJs are
recorded against the company. |
|
|
Sales in the latest
trading period increased 5% on the previous trading period. |
|
|
Net Worth decreased by
6.6% during the latest trading period. |
|
|
A 1.5% decline in Total
Assets occurred during the latest trading period. |
|
|
Pre-tax profits
decreased by 147.3% compared to the previous trading period. |
|
|
The company saw an
increase in their Cash Balance of 2.5% 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 company was
established over 29 years ago. |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.58 |
|
UK Pound |
1 |
Rs.98.66 |
|
Euro |
1 |
Rs.79.81 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.