|
Report No. : |
354694 |
|
Report Date : |
21.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
COMBILIFT |
|
|
|
|
Registered Office : |
Gallinagh, Monaghan, Co Monaghan, 999948 |
|
|
|
|
Country : |
Ireland |
|
|
|
|
Financials (as on) : |
31.08.2005 |
|
|
|
|
Date of Incorporation : |
09.02.1998 |
|
|
|
|
Legal Form : |
Private Unlimited with Share Capital |
|
|
|
|
Line of Business : |
Other specialised construction activities n.e.c. |
|
|
|
|
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 : |
Unknown |
|
|
|
|
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 |
COMBILIFT
GALLINAGH, MONAGHAN, CO MONAGHAN, 999948
|
Company Number |
IE280018 |
|
Company Name |
COMBILIFT |
|
|
GALLINAGH |
|
|
MONAGHAN |
|
Registered Address |
CO MONAGHAN |
|
|
999948 |
|
Eircode |
- |
|
Website Address |
- |
|
Telephone Number |
04780500 |
|
TPS |
No |
|
Incorporation Date |
09/02/1998 |
|
SIC07 |
43999 |
|
SIC07 Description |
OTHER SPECIALISED CONSTRUCTION ACTIVITIES
N.E.C. |
|
Principal Activity |
|
|
Type |
Private unlimited with Share Capital |
|
FTSE Index |
- |
|
Share Capital |
€2,006,186 |
|
Currency |
EUR |
|
Filing Date of Accounts |
- |
|
Safe Number |
IE00274150 |
|
Charity Number |
- |
|
Fax Number |
|
|
FPS |
Yes |
|
Year to date |
31/08/2005 |
|
|
Turnover |
€53,226,000 |
|
|
Pre Tax Profit |
€10,540,000 |
|
|
Shareholder funds |
€24,730,000 |
|
|
Employees |
160 |
|
|
Year to date |
31/08/2004 |
- |
|
Turnover |
€41,916,000 |
- |
|
Pre Tax Profit |
€9,493,000 |
- |
|
Shareholder funds |
€19,876,000 |
- |
|
Employees |
- |
- |
COMMENTARY
No comments to display
|
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 |
|
Title |
|
Function |
Director |
|
Name |
ROBERT MOFFETT |
Nationality |
|
|
Date of Birth |
04/1956 |
Present Appointments |
31 |
|
Latest Address |
AUGHNAMEAL, CLONTIBRET, CO.MONAGHAN |
Appointment Date |
10/02/1998 |
|
Eircode |
|
|
|
|
Title |
|
Function |
Director |
|
Name |
MARTIN MCVICAR |
Nationality |
|
|
Date of Birth |
02/1972 |
Present Appointments |
13 |
|
Latest Address |
LATHLURGAN, CO. MONAGHAN |
Appointment Date |
01/11/1999 |
|
Eircode |
|
|
|
|
Title |
|
Function |
Company Secretary |
|
Name |
ROBERT MOFFETT |
Nationality |
|
|
Date of Birth |
04/1956 |
Present Appointments |
31 |
|
|
AUGHNAMEAL, CLONTIBRET, |
|
|
|
Latest Address |
|
Appointment Date |
10/02/1998 |
|
|
CO.MONAGHAN |
|
|
|
Eircode |
|
|
|
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
|
COMBILIFT (IOM)2 |
EUR |
1,260,000 |
ORDINARY A |
1.27 |
|
COMBILIFT (IOM)2 |
EUR |
319,999 |
ORDINARY |
1.27 |
|
COMBILIFT (IOM) HOLDINGS LTD |
EUR |
1 |
ORDINARY |
1.27 |
Unable to
report percentage holdings as filed
Shareholder listing is not full.
Profit & Loss
|
Date Of |
31/08/05 |
(%) |
31/08/04 |
(%) - |
|
Accounts |
|
|
|
|
|
Weeks |
52 |
(%) |
52 |
- |
|
Currency |
EUR |
(%) |
EUR |
- |
|
Consolidated |
|
|
|
- |
|
|
Y |
(%) |
Y |
- |
|
A/cs |
|
|
|
- |
|
Turnover |
€53,226,000 |
27% |
€41,916,000 |
- |
|
Export |
- |
- |
- |
- |
|
Cost of Sales |
€27,979,000 |
38.8% |
€20,161,000 |
- |
|
Gross Profit |
€25,451,000 |
16.9% |
€21,771,000 |
- |
|
Wages & |
- |
- |
- |
- |
|
Salaries |
|
|
|
- |
|
Directors |
|
|
|
- |
|
|
- |
- |
- |
- |
|
Emoluments |
|
|
|
- |
|
Operating
Profit |
€10,381,000 |
10.1% |
€9,429,000 |
- |
|
Depreciation |
- |
- |
- |
- |
|
Audit Fees |
- |
- |
- |
- |
|
Interest |
|
|
|
- |
|
|
- |
-100% |
€3,000 |
- |
|
Payments |
|
|
|
- |
|
Pre
Tax Profit |
€10,540,000 |
11% |
€9,493,000 |
- |
|
Taxation |
-€619,000 |
-11.5% |
-€555,000 |
- |
|
Profit After Tax |
€9,921,000 |
11% |
€8,938,000 |
- |
|
Dividends Payable |
|
|
|
- |
|
Retained
Profit |
€9,955,000 |
11.4% |
€8,939,000 |
- |
Balance
Sheet
|
Date Of |
31/08/05 |
(%) |
31/08/04 |
(%) - |
|
Accounts |
|
|
|
|
|
Tangible Assets |
€8,454,000 |
6.2% |
€7,957,000 |
- |
|
Intangible
|
0 |
- |
0 |
- |
|
Assets |
|
|
|
- |
|
Total
Fixed |
€8,454,000 |
6.2% |
€7,957,000 |
- |
|
Assets |
|
|
|
- |
|
Stock |
€6,637,000 |
87.8% |
€3,534,000 |
- |
|
Trade Debtors |
€19,328,000 |
89.2% |
€10,216,000 |
- |
|
Cash |
€1,978,000 |
-56.7% |
€4,571,000 |
- |
|
Other Debtors |
€1,103,000 |
187.2% |
€384,000 |
- |
|
Miscellaneous
Current
Assets |
0 |
-100% |
€4,000 |
- |
|
Total
Current Assets
|
€29,046,000 |
55.3% |
€18,709,000 |
- |
|
Trade Creditors |
€7,152,000 |
41% |
€5,071,000 |
- |
|
Bank
Loans & Overdrafts
|
€34,000 |
- |
0 |
- |
|
Other
Short Term Finance
|
€4,256,000 |
- |
0 |
- |
|
Miscellaneous
Current Liabilities
|
€1,032,000 |
-25.8% |
€1,391,000 |
- |
|
Total
Current Liabilities
|
€12,474,000 |
93% |
€6,462,000 |
- |
|
Bank Loans & Overdrafts and LTL |
€329,000 |
0.3% |
€328,000 |
- |
|
Other Long Term Finance |
0 |
- |
0 |
- |
|
Total
Long Term Liabilities
|
€295,000 |
-10.1% |
€328,000 |
- |
Capital
& Reserves
|
Date Of |
31/08/05 |
(%) |
31/08/04 |
(%) - |
|
Accounts |
|
|
|
|
|
Called Up Share Capital |
€2,006,000 |
- |
€2,006,000 |
- |
|
P & L
Account Reserve |
€22,724,000 |
27.2% |
€17,870,000 |
- |
|
Revaluation Reserve |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
|
Shareholder
|
€24,730,000 |
24.4% |
€19,876,000 |
- |
|
Funds |
|
|
|
- |
Other
Financial Items
|
Date
Of |
31/08/05 |
(%) |
31/08/04 |
(%) - |
|
Accounts |
|
|
|
|
|
Net
Worth |
€24,730,000 |
24.4% |
€19,876,000 |
- |
|
Working
Capital |
€16,572,000 |
35.3% |
€12,247,000 |
- |
|
Total
Assets |
€37,500,000 |
40.6% |
€26,666,000 |
- |
|
Total
Liabilities |
€12,769,000 |
88.1% |
€6,790,000 |
- |
|
Net
Assets |
€24,731,000 |
24.4% |
€19,876,000 |
- |
Cash
Flow
|
Date
Of |
31/08/05 |
(%) |
31/08/04 |
(%) - |
|
Accounts |
|
|
|
|
|
Net Cashflow from Operations |
- |
- |
- |
- |
|
Net Cashflow before Financing |
- |
- |
- |
- |
|
Net Cashflow from Financing |
- |
- |
- |
- |
|
Increase in Cash |
- |
- |
- |
- |
Miscellaneous
|
Date
Of |
31/08/05 |
(%) |
31/08/04 |
(%) - |
|
Accounts |
|
|
|
|
|
Contingent Liability |
|
|
|
|
|
Capital Employed |
€24,730,000 |
24.4% |
€19,876,000 |
- |
|
Number of Employees |
160 |
- |
- |
- |
|
Accountants |
|
|
|
|
|
Auditors |
MCARDLE CASSIDY
MCQUAID |
|
|
|
|
Auditor |
No Adverse Comments |
|
|
|
|
Comments |
|
|
|
|
|
Bankers |
ALLIED IRISH BANK |
|
|
|
|
Bank Branch |
|
|
|
|
|
Code |
93-24-77 |
|
|
|
Ratios
|
Date Of |
31/08/05 |
31/08/04-- - |
||
|
Accounts |
||||
|
|
|
|
||
|
|
|
|
|
|
|
Pre-tax profit |
19.80 |
22.65- -
- |
||
|
margin % |
||||
|
|
|
|
||
|
|
|
|
|
|
|
Current ratio |
2.33 |
2.90- -
- |
||
|
|
|
|
|
|
|
Sales/Net |
- |
- -
- - |
||
|
Working Capital |
||||
|
|
|
|
||
|
|
|
|
|
|
|
Gearing % |
1.30 |
1.70- -
- |
||
|
|
|
|
|
|
|
Equity in
% |
65.90 |
74.50- -
- |
||
|
|
|
|
|
|
|
Creditor Days |
49.05 |
44.16- -
- |
||
|
|
|
|
|
|
|
Debtor Days |
132.54 |
88.96- -
- |
||
|
|
|
|
|
|
|
Liquidity/Acid |
1.80 |
2.35- -
- |
||
|
Test |
||||
|
|
|
|
||
|
|
|
|
|
|
|
Return On |
|
|
|
|
|
Capital |
42.62 |
47.76- -
- |
||
|
Employed % |
|
|
|
|
|
|
|
|
|
|
|
Return On
Total |
|
|
|
|
|
Assets |
28.11 |
35.60- -
- |
||
|
Employed % |
|
|
|
|
|
|
|
|
|
|
|
Current Debt |
0.50 |
0.33- -
- |
||
|
Ratio |
||||
|
|
|
|
||
|
|
|
|
|
|
|
Total Debt
Ratio |
0.52 |
0.34- -
- |
||
|
|
|
|
|
|
|
Stock Turnover |
12.47 |
8.43- -
- |
||
|
Ratio % |
||||
|
|
|
|
||
|
|
|
|
|
|
|
Return on
Net |
|
|
|
|
|
Assets |
42.62 |
47.76- -
- |
||
|
Employed % |
|
|
|
|
|
|
|
|
|
|
Report Notes
There are no notes to display.
Status History
No Status History found
Event History
|
Date |
Description |
|
03/08/2015 |
Annual Returns |
|
13/08/2014 |
Annual Returns |
|
03/08/2013 |
Annual Returns |
|
03/08/2012 |
Annual Returns |
|
04/07/2011 |
Annual Returns |
|
28/07/2010 |
Annual Returns |
|
23/07/2009 |
Annual Returns |
|
18/08/2008 |
Annual Returns |
|
01/11/1999 |
New Board Member (MARTIN MCVICAR) appointed |
|
10/02/1998 |
New Company Secretary (ROBERT
MOFFETT) appointed |
|
10/02/1998 |
New Board Member (ROBERT MOFFETT)
appointed |
Previous Company
Names
No Previous Names found
Received Documents
Writ Details
No writs found
|
Statistics |
|
Summary |
|
|
Group |
6 companies |
Holding Company |
COMBILIFT (IOM) 2 UNLIMITED |
|
Linkages |
0 companies |
Ownership Status |
Intermediately Owned |
|
Countries |
In 0 countries |
Ultimate Holding
Company |
COMBILIFT IRELAND HOLDINGS |
|
Company Name |
Registered |
Latest Key |
Turnover |
|
|
Number |
Financials |
|
|
COMBILIFT IRELAND HOLDINGS |
IE439016 |
- |
|
|
COMBILIFT (IOM) HOLDIN... |
N/A |
- |
|
|
COMBILIFT (IOM) 2 UN... |
IE905787 |
- |
|
|
COMBILIFT |
IE280018 |
31.08.2005 |
€53,226,000 |
|
AISLE MASTER LIMITED |
IE320340 |
31.08.2014 |
|
|
COMBILIFT U.S. HO... |
IE397327 |
31.08.2014 |
|
|
Business Owner
Links |
|
|
|
Business Name |
Business No |
Business Status. |
|
COMBILIFT |
IE280018 |
|
|
AISLEMASTER |
475049 |
NORMAL |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.42 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.72.14 |
|
EUR |
1 |
Rs. 72.07 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
ASH |
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.