MIRA INFORM REPORT

 

 

Report No. :

353063

Report Date :

03.12.2015

 

IDENTIFICATION DETAILS

 

Name :

TREANOR STONE-TEC IRELAND LIMITED

 

 

Formerly Known As :

TREANOR  FIREPLACES

 

 

Registered Office :

Drumhirk Monaghan Co  Monaghan 999948

 

 

Country :

Ireland

 

 

Financials (as on) :

30.04.2014

 

 

Date of Incorporation :

14.04.1994

 

 

Com. Reg. No.:

IE215906

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Subject enggaged in manufacturer and installation of fireplace, fireplace stoves, granite, quartz and marble kitchen counter tops and granited headstones and memorials. (Indirect source)

 

 

No. of Employee :

Not Available

 

 

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

Slow

 

 

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

 

Company  Summary

 

Registered  Address

DRUMHIRK

Trading  Address

DRUMHIRK

 

MONAGHAN

 

MONAGHAN

 

CO  MONAGHAN

 

CO  MONAGHAN

 

999948

 

CO  MONAGHAN

 

 

 

486816

Website  Address

-

 

 

Telephone  Number

 

Fax  Number

 

TPS

No

FPS

No

Incorporation  Date

14/04/1994

 

 

Previous  Name

TREANOR  FIREPLACES

Type

Private  limited  with  Share  Capital

 

(SALES)  LIMITED

 

 

FTSE  Index

-

Date  of  Change

-

Filing  Date  of  Accounts

-

Currency

EUR

Share  Capital

€3

SIC07

32990

Charity  Number

-

SIC07  Description

 

Principal  Activity

OTHER  MANUFACTURING  N.E.C.

 

 

 

 

Key  Financials

 

Year  to  Date

Turnover

Pre  Tax  Profit

Shareholder

Funds  Employees

30/04/2014

-

-

€3

-

30/04/2013

-

-

€3

-

30/04/2012

-

-

€3

-

 

 

Mortgage  Summary

 

Total  Mortgage

0

Outstanding

0

Satisfied

0

 

 

Trade  Debtors  /  Bad  Debt  Summary

 

Total  Number  of  Documented  Trade

0

Total  Value  of  Documented  Trade

€0

 

Commentary

 

No  exact  match  CCJs  are  recorded  against  the  company.

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.

A  4.3%  decline  in  Total  Assets  occurred  during  the  latest  trading  period.

 

 

CJ

 

Total  Number  of  Exact  CJs  -

0

Total  Value  of  Exact  CJs  -

€0

Total  Number  of  Possible  CJs  -

0

Total  Value  of  Possible  CJs  -

€0

Total  Number  of  Satisfied  CJs  -

0

Total  Value  of  Satisfied  CJs  -

€0

 

Total  Current  Directors

2

Total  Current  Secretaries

1

Total  Previous  Directors  /  Company Secretaries

0

 

 

Current  Directors

 

Name

JAMES  TREANOR

Date  of  Birth

09/10/1943

Officers  Title

 

Nationality

 

Present  Appointments

9

Function

Director

Appointment  Date

18/04/1994

 

 

Address

DRUMHIRK,  MONAGHAN,  CO.  MONAGHAN

 

 

Name

GLENN  TREANOR

Date  of  Birth

27/12/1972

Officers  Title

 

Nationality

 

Present  Appointments

3

Function

Director

Appointment  Date

18/04/1994

 

 

Address

DRUMHIRK,  MONAGHAN,  CO.  MONAGHAN

 

 

 

 

Current Company Secretary

 

Name

JAMES  TREANOR

Date  of  Birth

09/10/1943

Officers  Title

 

Nationality

 

Present  Appointments

9

Function

Company  Secretary

Appointment  Date

18/04/1994

 

 

Address

DRUMHIRK,  MONAGHAN,  CO.  MONAGHAN

 

 

 

 

Top  20  Shareholders

 

Name

Currency

Share  Count

Share  Type

Nominal  Value

% of  Total  Share  Count

JAMES  TREANOR

EUR

1

ORDINARY

1.25

50

GLENN  TREANOR

EUR

1

ORDINARY

1.25

50

 

 

Balance  Sheet

 

Date Of

Accounts

30/04/14

(%)

30/04/13

(%)

30/04/12

(%)

30/04/11

(%)

30/04/10

Tangible Assets

0

-

0

-

0

-

0

-

0

Intangible

Assets

0

-

0

-

0

-

0

-

0

Total Fixed

Assets

0

-

0

-

0

-

0

-

0

Stock

0

-

0

-

0

-

0

-

0

Trade Debtors

€192,658

-4.3%

€201,408

3.8%

€194,115

-37.4%

€310,265

-10.5%

€346,568

Cash

€3

-

€3

-

€3

-

€3

-

€3

Other Debtors

0

-

0

-

0

-

0

-

0

Miscellaneous

Current Assets

0

-

0

-

0

-

0

-

0

Total Current

Assets

€192,661

-4.3%

€201,411

3.8%

€194,118

-37.4%

€310,268

-10.5%

€346,571

Trade Creditors

€192,658

-4.3%

€201,408

3.8%

€194,115

-

0

-100%

€346,568

Bank Loans &

Overdrafts

0

-

0

-

0

-

0

-

0

Other Short Term

Finance

0

-

0

-

0

-100%

€310,265

-

0

Miscellaneous

Current

Liabilities

0

-

0

-

0

-

0

-

0

Total Current

Liabilities

€192,658

-4.3%

€201,408

3.8%

€194,115

-37.4%

€310,265

-10.5%

€346,568

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

 

 

Capital & Reserves

 

Date Of

Accounts

30/04/14

(%)

30/04/13

(%)

30/04/12

(%)

30/04/11

(%)

30/04/10

Called Up Share

Capital

€3

-

€3

-

€3

-

€3

-

€3

P & L Account

Reserve

-

-

-

-

-

-

-

-

-

Revaluation

Reserve

-

-

-

-

-

-

-

-

-

Sundry

Reserves

-

-

-

-

-

-

-

-

-

Shareholder

Funds

€3

-

€3

-

€3

-

€3

-

€3

 

 

Other Financial Items

 

Date Of

Accounts

30/04/14

(%)

30/04/13

(%)

30/04/12

(%)

30/04/11

(%)

30/04/10

Net Worth

€3

-

€3

-

€3

-

€3

-

€3

Working Capital

€3

-

€3

-

€3

-

€3

-

€3

Total Assets

€192,661

-4.3%

€201,411

3.8%

€194,118

-37.4%

€310,268

-10.5%

€346,571

Total Liabilities

€192,658

-4.3%

€201,408

3.8%

€194,115

-37.4%

€310,265

-10.5%

€346,568

Net Assets

€3

-

€3

-

€3

-

€3

-

€3

 

 

Miscellaneous

 

Date Of

Accounts

30/04/14

(%)

30/04/13

(%)

30/04/12

(%)

30/04/11

(%)

30/04/10

Contingent

Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital

Employed

€3

-

€3

-

€3

-

€3

-

€3

Number of

Employees

-

-

-

-

-

-

-

-

-

Accountants

MCDWYER LENNON & CO

 

 

 

 

 

Auditors

 

 

 

 

 

 

 

 

 

Auditor

Comments

The company is exempt from audit

 

 

 

 

Bankers

 

 

 

 

 

 

 

 

 

Bank Branch

Code

 

 

 

 

 

 

 

 

 

 

 

Ratios

 

Date Of

Accounts

30/04/14

30/04/13

30/04/12

30/04/11

30/04/10

Pre-tax profit

margin %

-

-

-

-

 

Current ratio

1

1

1

1

1

Sales/Net

Working Capital

-

-

-

-

-

Gearing %

0

0

0

0

0

Equity in %

-

-

-

-

-

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid

Test

1

1

1

1

1

Return On

Capital

Employed %

-

-

-

-

-

Return On Total

Assets

Employed %

-

-

-

-

-

Current Debt

Ratio

64219.33

67136

64705

103421.66

115522.66

Total Debt Ratio

64219.33

67136

64705

103421.66

115522.66

Stock Turnover

Ratio %

-

-

-

-

-

Return on Net

Assets

Employed %

-

-

-

-

-

 

 

Report Notes

 

There are no notes to display.

 

 

Status  History

 

No  Status  History  found

 

 

Event  History

 

Date

Description

 

06/03/2015

New  Accounts  Filed

 

05/03/2015

Annual  Returns

 

26/03/2014

New  Accounts  Filed

 

26/03/2014

New  Accounts  Filed

 

24/03/2014

Annual  Returns

 

26/03/2013

New  Accounts  Filed

 

26/03/2013

New  Accounts  Filed

 

22/03/2013

Annual  Returns

 

22/03/2012

New  Accounts  Filed

 

19/03/2012

Annual  Returns

 

10/03/2011

New  Accounts  Filed

 

08/03/2011

Annual  Returns

 

27/03/2010

New  Accounts  Filed

 

26/03/2010

Annual  Returns

 

03/02/2009

New  Accounts  Filed

 

 

 

 

Previous  Company  Names

 

Date

 

Previous  Name

N/A

 

TREANOR  FIREPLACES  (SALES)  LIMITED

 

Received  Documents

 

 

Writ  Details

 

No  writs  found

 

 

Statistics

 

Group

-

-

Linkages

0 companies

 

Countries

In  0  countries

-

 

 

Summary

 

Holding  Company

Ownership  Status

Ultimate  Holding  Company

 

 

Group Structure Full

 

No  Group  Structure

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.62

UK Pound

1

Rs.100.34

Euro

1

Rs.70.67

EUR

1

Rs.70.369

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

HEE

 

 

Report Prepared by :

TRU

 

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.