|
Report No. : |
352897 |
|
Report Date : |
01.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
CETPRO LIMITED |
|
|
|
|
Registered Office : |
First Floor - Temple Hall Temple Road Blackrock Co Dublin
81610 |
|
|
|
|
Country : |
Ireland |
|
|
|
|
Financials (as on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation : |
09.11.2005 |
|
|
|
|
Com. Reg. No.: |
IE410570 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employee : |
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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 dropped sharply during the world financial crisis and the subsequent collapse of its domestic property market and construction industry. Faced with sharply reduced revenues and a burgeoning budget deficit from efforts to stabilize its fragile banking sector, the Irish Government introduced the first in a series of draconian budgets in 2009. 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. 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 banking sector and avoid defaulting on its sovereign debt. In March 2011, the KENNY government intensified austerity measures to meet the deficit targets under Ireland's EU-IMF bailout program. 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. In 2014, the economy rapidly picked up and GDP grew by 3.6%. The recovering economy assisted lowering the deficit to 4.2% of GDP. In late 2014, the government introduced a fiscally neutral budget, marking the end of the austerity program. 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. Ireland’s low corporation tax of 12.5% has been central to encouraging business investment. Loose tax residency requirements made Ireland a common destination for international firms seeking to avoid taxation. Amid growing international pressure the government announced it would phase in more stringent tax laws, effectively closing a loophole.
|
Source
: CIA |
CETPRO LIMITED
Company No
IE410570
Registered
Address
FIRST FLOOR - TEMPLE HALL TEMPLE ROAD BLACKROCK CO
DUBLIN 81610
|
Registered
Address |
FIRST FLOOR - TEMPLE HALL TEMPLE ROAD BLACKROCK CO DUBLIN 81610 |
Trading
Address |
TRINITY HOUSE CHARLESTON ROAD RANELAGH DUBLIN 6 216410 |
|
Website
Address |
-- |
|
|
|
Telephone
Number |
|
Fax Number |
|
|
TPS |
No |
FPS |
No |
|
Incorporation
Date |
09/11/2005 |
|
|
|
Previous
Name |
|
Type |
Private limited with Share Capital |
|
FTSE Index |
-- |
Date of
Change |
|
|
Filing Date
of Accounts |
-- |
Currency |
EUR |
|
Share
Capital |
€1,594,000 |
SIC07 |
20590 |
|
Charity
Number |
-- |
|
|
|
SIC07
Description |
MANUFACTURE OF OTHER CHEMICAL PRODUCTS N.E.C. |
||
|
Principal
Activity |
The manufacture and sale of Micet (2 ethy hexy nitrate) a chemical used as a cetane number improver diesel fuels. |
||
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder |
Funds Employees |
|
31/03/2014 |
-- |
€4,538,000 |
€7,452,000 |
-- |
|
31/03/2013 |
-- |
€4,142,000 |
€8,482,000 |
-- |
|
31/03/2012 |
-- |
€5,109,000 |
€6,858,000 |
-- |
No exact match CCJs are recorded against the company.
There has been no significant change in the company's credit rating.
There is insufficient data to indicate a change in this company's percentage of sales.
Pre-tax profits increased by 9.6% compared to the previous trading period.
The audit report contains no adverse comments.
|
Total Number of Exact CCJs - |
0 |
Total Value of Exact CCJs - |
€0 |
|
Total Number of Possible CCJs - |
0 |
Total Value of Possible CCJs - |
€0 |
|
Total Number of Satisfied CCJs - |
0 |
Total Value of Satisfied CCJs - |
€0 |
|
Total Number of Writs - |
- |
|
Total Current Directors |
5 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
14 |
|
Name |
DAVID JOHN SANFEY |
Date of Birth |
31/08/1953 |
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
27 |
Function |
Director |
|
Appointment Date |
23/03/2006 |
|
|
|
Address |
2 COOLGRANEY, OFF NUTGROVE PARK,
CLONSKEAGH, DUBLIN 14. |
||
|
Name |
FERNANDO IGLESIAS |
Date of Birth |
13/04/1967 |
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
23/09/2009 |
|
|
|
Address |
AVDA PABLO VI 9-10, 29 POZUELO
DE ALARCON, MADRID, SPAIN |
||
|
Name |
JOHN ANTHONY O'KEEFE |
Date of Birth |
15/01/1960 |
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
5 |
Function |
Director |
|
Appointment Date |
14/11/2006 |
|
|
|
Address |
1 GLEN CLOSE, THE PARK, CABINTEELY,
DUBLIN 18 |
||
|
Name |
JOHN ANTHONY O'KEEFE |
Date of Birth |
15/01/1960 |
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
5 |
Function |
Director |
|
Appointment Date |
01/09/2015 |
|
|
|
Address |
1 GLEN CLOSE, THE PARK, CABINTEELY,
DUBLIN 18 |
||
|
Name |
JEAN-FRANCOIS VOLLIER |
Date of Birth |
28/01/1972 |
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
21/01/2013 |
|
|
|
Address |
9 ALLEE DES CHENES, 60270 GOUVIEUX,
FRANCE |
||
|
Name |
KOMSEC LIMITED |
Date of Birth |
19/07/1991 |
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
20 |
Function |
Company Secretary |
|
Appointment Date |
23/03/2006 |
|
|
|
Address |
|
|
|
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
MAXAM CHEM SL |
EUR |
81,294 |
ORDINARY |
10 |
51 |
|
YARA TERTRE SA |
EUR |
78,106 |
ORDINARY |
10 |
49 |
|
Date Accounts |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
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 |
€7,117,000 |
10.3% |
€6,455,000 |
-12.9% |
€7,407,000 |
20.7% |
€6,136,000 |
97.4% |
€3,109,000 |
|
Wages & Salaries |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Directors Emoluments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Profit |
€4,561,000 |
9.2% |
€4,176,000 |
-17.9% |
€5,086,000 |
26.3% |
€4,028,000 |
210.6% |
€1,297,000 |
|
Depreciation |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Audit Fees |
€41,000 |
46.4% |
€28,000 |
- |
- |
- |
- |
- |
€24,000 |
|
Interest |
€23,000 |
-36.1% |
€36,000 |
300% |
€9,000 |
-62.5% |
€24,000 |
71.4% |
€14,000 |
|
Payments |
|
|
|
|
|
|
|
|
|
|
Pre Tax Profit |
€4,538,000 |
9.6% |
€4,142,000 |
-18.9% |
€5,109,000 |
27.4% |
€4,010,000 |
211.6% |
€1,287,000 |
|
Taxation |
-€568,000 |
-9.7% |
-€518,000 |
19.6% |
-€644,000 |
-28.3% |
-€502,000 |
-211.8% |
-€161,000 |
|
Profit After Tax |
€3,970,000 |
9.5% |
€3,624,000 |
-18.8% |
€4,465,000 |
27.3% |
€3,508,000 |
211.5% |
€1,126,000 |
|
Dividends |
€5,000,000 |
150% |
€2,000,000 |
-63.6% |
€5,500,000 |
150% |
€2,200,000 |
450% |
€400,000 |
|
Payable Retained Profit |
-€1,030,000 |
-163.4% |
€1,624,000 |
256.9% |
-€1,035,000 |
-179.1% |
€1,308,000 |
80.2% |
€726,000 |
|
Date Of Accounts |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
Tangible Assets |
€4,010,000 |
- |
€4,010,000 |
- |
€4,010,000 |
-0.7% |
€4,040,000 |
0.7% |
€4,010,000 |
|
Intangible Assets |
€100,000 |
- |
€100,000 |
- |
€100,000 |
- |
€100,000 |
- |
€100,000 |
|
Total Fixed Assets |
€4,110,000 |
- |
€4,110,000 |
- |
€4,110,000 |
-0.7% |
€4,140,000 |
0.7% |
€4,110,000 |
|
Stock |
€610,000 |
-33.7% |
€920,000 |
25% |
€736,000 |
-37.8% |
€1,184,000 |
196% |
€400,000 |
|
Trade Debtors |
€4,576,000 |
-30.7% |
€6,607,000 |
9% |
€6,064,000 |
2.1% |
€5,939,000 |
52.8% |
€3,886,000 |
|
Cash |
€3,586,000 |
-11.1% |
€4,034,000 |
-7.3% |
€4,350,000 |
-1.8% |
€4,430,000 |
218.5% |
€1,391,000 |
|
Other Debtors |
€73,000 |
-79.4% |
€355,000 |
0.3% |
€354,000 |
87.3% |
€189,000 |
-62% |
€498,000 |
|
Miscellaneous Current Assets |
0 |
-100% |
€32,000 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
€8,845,000 |
-26% |
€11,948,000 |
3.9% |
€11,504,000 |
-2% |
€11,742,000 |
90.2% |
€6,175,000 |
|
Trade Creditors |
€3,644,000 |
-42.3% |
€6,316,000 |
20.4% |
€5,246,000 |
-21.2% |
€6,660,000 |
208% |
€2,162,000 |
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Short Term Finance |
€1,517,000 |
24.9% |
€1,215,000 |
-15% |
€1,430,000 |
59.8% |
€895,000 |
155% |
€351,000 |
|
Miscellaneous Current Liabilities |
€342,000 |
660% |
€45,000 |
-97.8% |
€2,080,000 |
379.3% |
€434,000 |
-63.4% |
€1,187,000 |
|
Total Current Liabilities |
€5,503,000 |
-27.4% |
€7,576,000 |
-13.5% |
€8,756,000 |
9.6% |
€7,989,000 |
115.9% |
€3,700,000 |
|
Bank Loans & Overdrafts and LTL |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Long Term Liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Date Of Accounts |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
Called Up Share Capital |
€1,594,000 |
- |
€1,594,000 |
- |
€1,594,000 |
- |
€1,594,000 |
- |
€1,594,000 |
|
P & L Account Reserve |
€5,858,000 |
-15% |
€6,888,000 |
30.9% |
€5,264,000 |
-16.4% |
€6,299,000 |
26.2% |
€4,991,000 |
|
Revaluation Reserve |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Sundry Reserves |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Shareholder Funds |
€7,452,000 |
-12.1% |
€8,482,000 |
23.7% |
€6,858,000 |
-13.1% |
€7,893,000 |
19.9% |
€6,585,000 |
|
Date Of Accounts |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
Net Worth |
€7,352,000 |
-12.3% |
€8,382,000 |
24% |
€6,758,000 |
-13.3% |
€7,793,000 |
20.2% |
€6,485,000 |
|
Working Capital |
€3,342,000 |
-23.6% |
€4,372,000 |
59.1% |
€2,748,000 |
-26.8% |
€3,753,000 |
51.6% |
€2,475,000 |
|
Total Assets |
€12,955,000 |
-19.3% |
€16,058,000 |
2.8% |
€15,614,000 |
-1.7% |
€15,882,000 |
54.4% |
€10,285,000 |
|
Total Liabilities |
€5,503,000 |
-27.4% |
€7,576,000 |
-13.5% |
€8,756,000 |
9.6% |
€7,989,000 |
115.9% |
€3,700,000 |
|
Net Assets |
€7,452,000 |
-12.1% |
€8,482,000 |
23.7% |
€6,858,000 |
-13.1% |
€7,893,000 |
19.9% |
€6,585,000 |
|
Date Of Accounts |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
Net Cashflow from Operations |
€5,152,000 |
129.9% |
€2,241,000 |
-64.5% |
€6,318,000 |
14.8% |
€5,503,000 |
397.1% |
€1,107,000 |
|
Net Cashflow before Financing |
-€448,000 |
-41.8% |
-€316,000 |
-295% |
-€80,000 |
-102.6% |
€3,039,000 |
464.9% |
€538,000 |
|
Net Cashflow from Financing |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Increase in Cash |
-€448,000 |
-41.8% |
-€316,000 |
-295% |
-€80,000 |
-102.6% |
€3,039,000 |
464.9% |
€538,000 |
|
Date Of Accounts |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
€7,452,000 |
-12.1% |
€8,482,000 |
23.7% |
€6,858,000 |
-13.1% |
€7,893,000 |
19.9% |
€6,585,000 |
|
Number of Employees |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
Auditors |
BDO |
|
Auditor Comments |
The audit report contains no adverse comments |
|
Bankers |
HSBC BANK PLC |
|
Bank Branch Code |
99-02-31 |
|
Date Of Accounts |
31/03/14 |
31/03/13 |
31/03/12 |
31/03/11 |
31/03/10 |
|
Pre-tax profit margin % |
- |
- |
- |
- |
- |
|
Current ratio |
1.61 |
1.58 |
1.31 |
1.47 |
1.67 |
|
Sales/Net Working Capital |
- |
- |
- |
- |
- |
|
Gearing % |
0 |
0 |
0 |
0 |
0 |
|
Equity in % |
58 |
53.20 |
44.20 |
50 |
64.70 |
|
Creditor Days |
- |
- |
- |
- |
- |
|
Debtor Days |
- |
- |
- |
- |
- |
|
Liquidity/Acid Test |
1.49 |
1.45 |
1.22 |
1.32 |
1.56 |
|
Return On Capital Employed % |
60.89 |
48.83 |
74.49 |
50.80 |
19.54 |
|
Return On Total Assets Employed % |
35.02 |
25.79 |
32.72 |
25.24 |
12.51 |
|
Current Debt Ratio |
0.73 |
0.89 |
1.27 |
1.01 |
0.56 |
|
Total Debt Ratio |
0.73 |
0.89 |
1.27 |
1.01 |
0.56 |
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
Return on Net Assets Employed % |
60.89 |
48.83 |
74.49 |
50.80 |
19.54 |
There are no notes to display.
No Status History found
|
Date |
Description |
|
01/09/2015 |
New Board Member (JOHN ANTHONY
O'KEEFE) appointed |
|
13/02/2015 |
New Accounts Filed |
|
13/02/2015 |
New Accounts Filed |
|
11/02/2015 |
Annual Returns |
|
04/02/2014 |
New Accounts Filed |
|
03/02/2014 |
Annual Returns |
|
02/02/2013 |
New Accounts Filed |
|
31/01/2013 |
Annual Returns |
|
21/01/2013 |
NICOLAS POLLET has left the board |
|
21/01/2013 |
New Board Member (JEAN-FRANCOIS VOLLIER)
appointed |
|
16/11/2012 |
KATHRYN JOAN MAYBURY has left the
board |
|
16/11/2012 |
KATHRYN JOAN MAYBURY has left the
board |
|
14/11/2012 |
New Board Member (KATHRYN JOAN
MAYBURY) appointed |
|
28/02/2012 |
New Accounts Filed |
|
27/02/2012 |
Annual Returns |
No Previous Names found
RECEIVED
DOCUMENTS
No writs found
|
Group |
6 companies |
|
Linkages |
2 companies |
|
Countries |
In 1 countries |
|
Holding Company |
- |
|
Ownership Status |
Intermediately Owned |
|
Ultimate Holding Company |
MAXAMCORP HOLDING |
|
Company
Name |
Registered
Number |
Latest
Key Financials |
Turnover |
|
|
|
|
|
|
MAXAMCORP HOLDING |
B84598754 |
31.03.2014 |
€23,240,624 |
|
ELEY HAWK LIMITED |
02004633 |
31.03.2014 |
£12,982,681 |
|
MAXAM CHEM |
B33068982 |
31.03.2014 |
€7,678,000 |
|
CETPRO LIMITED |
IE410570 |
31.03.2014 |
|
|
MAXAM CORP SAU |
N/A |
- |
|
|
MAXAM UK LIMITED |
05440714 |
31.03.2014 |
£3,825,000 |
|
Business
Name |
Business
No |
Business Status. |
|
CETPRO LIMITED |
IE410570 |
|
|
CETPRO |
405583 |
NORMAL |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.81 |
|
|
1 |
Rs.100.367 |
|
Euro |
1 |
Rs.70.68 |
|
EUR |
1 |
Rs.70.43 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
ANK |
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.