MIRA INFORM REPORT
|
Report No. : |
355221 |
|
Report Date : |
22.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
MCLOUGHLIN & SONS HARDWARE HOLDINGS LIMITED |
|
|
|
|
Formerly Known As : |
MICHAEL
MCLOUGHLIN & SONS HARDWARE LIMITED |
|
|
|
|
Registered Office : |
Unit 5 Northern Cross Business Park, North Road, Finglas 662832 |
|
|
|
|
Country : |
Ireland |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
26.09.1984 |
|
|
|
|
Com. Reg. No.: |
IE103395 |
|
|
|
|
Legal Form : |
Private Limited with Share Capital |
|
|
|
|
Line of Business : |
· Wholesale of Hardware, Plumbing and Heating Equipment and Supplies · A group engaged in the distribution of garden, homeware and associated products. |
|
|
|
|
No. of Employees : |
56 |
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 – 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 |
Company
Name and address
Company
Name: MCLOUGHLIN & SONS
HARDWARE HOLDINGS LIMITED
Company
No: IE103395
Company
Status: Active - Accounts Filed
Registered
Address: Unit 5 Northern Cross
Business Park North Road Finglas 662832
Company
Summary
Registered
Address Unit 5 Northern Cross
Business Park, North Road, Finglas 662832
Trading
Address Unit 5 Northern Cross
Business P, North Road, Finglas, Dublin 11
Website
Address -
Eircode
D11CKV6
Telephone
Number 014601333
Fax
Number --
TPS
No
FPS
Yes
Incorporation
Date 26/09/1984
Previous
Name MICHAEL MCLOUGHLIN & SONS
HARDWARE LIMITED
Type
Private
limited with Share Capital
FTSE
Index -
Date
of Change -
Filing
Date of Accounts -
Currency
EUR
Share
Capital €1,270
SIC07
46740
Charity
Number -
SIC07 Description WHOLESALE OF HARDWARE, PLUMBING AND
HEATING EQUIPMENT AND SUPPLIES
Principal Activity A group engaged in the distribution of
garden, homeware and associated
products.
Key
Financials
Year to Date Turnover Pre Tax Profit Shareholder Funds
Employees
31/12/2014
€17,028,609 €462,430 €4,311,341
56
31/12/2013
€16,080,933 €61,688 €3,919,125
57
31/12/2012
€15,572,305 €8,059 €3,890,642
65
Mortgage
Summary
Total
Mortgage 10
Outstanding 2
Satisfied 8
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. |
|
The
credit limit on this company has risen 4% in comparison to the previously
suggested credit limit. |
|
Sales
in the latest trading period increased 5.9% on the previous trading period. |
|
Net
Worth increased by 59.6% during the latest trading period. |
|
A
0.9% growth 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 |
4 |
|
Total
Current Secretaries |
1 |
|
Total
Previous Directors / Company Secretaries |
5 |
Current
Directors
|
Title |
Function |
Director |
|
|
Name |
KIERAN
MCLOUGHLIN |
Nationality |
|
|
Date
of Birth |
11/1953 |
Present
Appointments |
6 |
|
Latest
Address |
2
DUNSANDLE ROAD, CASTLEKNOCK, DUBLIN 15 |
Appointment
Date |
26/09/1984 |
|
Eircode |
|||
|
Title |
Function |
Director |
|
|
Name |
LIAM
ROCHE |
Nationality |
|
|
Date
of Birth |
07/1952 |
Present
Appointments |
17 |
|
Latest
Address |
46
THORNCLIFFE PARK ORWELL ROAD, DUBLIN 14 |
Appointment
Date |
09/10/2003 |
|
Eircode |
|||
|
Title |
Function |
Director |
|
|
Name |
PADRAIG
MCLOUGHLIN |
Nationality |
|
|
Date
of Birth |
05/1960 |
Present
Appointments |
10 |
|
Latest
Address |
1
IONA DRIVE GLASNEVIN, DUBLIN 9 |
Appointment
Date |
26/09/1984 |
|
Eircode |
|||
|
Title |
Function |
Director |
|
|
Name |
PAUL
MACQUILLAN |
Nationality |
|
|
Date
of Birth |
06/1958 |
Present
Appointments |
2 |
|
Latest
Address |
OLD
BRIDGE HOUSE KILCARNE, NAVAN, CO. MEATH |
Appointment
Date |
24/09/2010 |
|
Eircode |
|||
Current
Company Secretary
|
Title |
Function |
Company
Secretary |
|
|
Name |
LIAM
ROCHE |
Nationality |
|
|
Date
of Birth |
07/1952 |
Present
Appointments |
17 |
|
Latest
Address |
46
THORNCLIFFE PARK ORWELL ROAD, DUBLIN 14 |
Appointment
Date |
18/10/2004 |
|
Eircode |
Top
20 Shareholders
|
Currency |
Share
Count |
Share
Type |
Nominal
Value |
|
|
MR
KIERAN MCLOUGHLIN |
EUR |
491 |
ORDINARY
|
1.27 |
|
MR
PADRAIG MCLOUGHLIN |
EUR |
491 |
ORDINARY
|
1.27 |
|
MRS
ORLA DONNELLY |
EUR |
6 |
ORDINARY
|
1.27 |
|
MRS
GRAINNE SCOTT |
EUR |
6 |
ORDINARY
|
1.27 |
|
MR
MICHAEL MCLOUGHLIN |
EUR |
6 |
ORDINARY
|
1.27 |
Unable
to report percentage holdings as filed Shareholder listing is not full.
Financials
Profit
& Loss
|
Date
Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
|
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
|
Currency |
EUR |
(%) |
EUR |
(%) |
EUR |
(%) |
EUR |
(%) |
EUR |
|
|
Consolidated
A/cs |
Y |
(%) |
Y |
(%) |
Y |
(%) |
Y |
(%) |
Y |
|
|
|
Turnover |
€17,028,609 |
5.9% |
€16,080,933 |
3.3% |
€15,572,305 |
-8.9% |
€17,094,521 |
-6.6% |
€18,306,856 |
|
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Cost
of Sales |
€10,860,289 |
3.9% |
€10,450,734 |
6.3% |
€9,833,772 |
-8.5% |
€10,741,947 |
-6.1% |
€11,444,826 |
|
|
Gross
Profit |
€6,168,320 |
9.6% |
€5,630,199 |
-1.9% |
€5,738,533 |
-9.7% |
€6,352,574 |
-7.4% |
€6,862,030 |
|
|
Wages
& Salaries |
€2,493,137 |
8.6% |
€2,296,519 |
-11.2% |
€2,584,787 |
-1.2% |
€2,616,351 |
1% |
€2,591,612 |
|
|
Directors
Emoluments |
€398,916 |
48.2% |
€269,250 |
-36.8% |
€426,250 |
282.9% |
€111,320 |
-58.6% |
€268,813 |
|
|
Operating
Profit |
€731,683 |
72.5% |
€424,199 |
-2.3% |
€434,183 |
-33.2% |
€650,314 |
-36.5% |
€1,024,460 |
|
|
Depreciation |
€239,946 |
9.5% |
€219,178 |
-29.6% |
€311,456 |
-14.3% |
€363,349 |
-8.9% |
€398,674 |
|
|
Audit
Fees |
€25,465 |
1.9% |
€25,000 |
-1% |
€25,246 |
-5.6% |
€26,752 |
4.7% |
€25,550 |
|
|
Interest
Payments |
€269,253 |
-25.7% |
€362,511 |
-14.9% |
€426,124 |
-14.7% |
€499,439 |
-2.2% |
€510,827 |
|
|
Pre
Tax Profit |
€462,430 |
649.6% |
€61,688 |
665.5% |
€8,059 |
-94.7% |
€150,875 |
-70.6% |
€513,633 |
|
|
Taxation |
-€84,012 |
-193% |
-€28,677 |
-122.6% |
-€12,883 |
49.4% |
-€25,450 |
78.3% |
-€117,074 |
|
|
Profit
After Tax |
€378,418 |
999.9% |
€33,011 |
784.3% |
-€4,824 |
-103.8% |
€125,425 |
-68.4% |
€396,559 |
|
|
Dividends
Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Retained
Profit |
€378,418 |
999.9% |
€33,011 |
784.3% |
-€4,824 |
-103.8% |
€125,425 |
-68.4% |
€396,559 |
Balance
Sheet
|
Date
Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
|
|
|
Tangible
Assets |
€8,099,812 |
-2.1% |
€8,269,669 |
-1.3% |
€8,374,699 |
-3.2% |
€8,649,391 |
-3.7% |
€8,978,923 |
|
|
Intangible
Assets |
€3,260,811 |
- |
€3,260,811 |
- |
€3,260,811 |
- |
€3,260,811 |
- |
€3,260,811 |
|
|
Total
Fixed Assets |
€11,360,623 |
-1.5% |
€11,530,480 |
-0.9% |
€11,635,510 |
-2.3% |
€11,910,202 |
-2.7% |
€12,239,734 |
|
|
Stock |
€2,452,949 |
-6% |
€2,610,853 |
3.5% |
€2,522,768 |
15.9% |
€2,176,774 |
-22.6% |
€2,812,016 |
|
|
Trade
Debtors |
€2,654,900 |
17.2% |
€2,266,174 |
-13.6% |
€2,622,310 |
-8.3% |
€2,860,162 |
-3.8% |
€2,974,391 |
|
|
Cash |
€72,692 |
29.6% |
€56,087 |
-11.2% |
€63,168 |
571.1% |
€9,412 |
-72.3% |
€34,025 |
|
|
Other
Debtors |
€362,198 |
27.4% |
€284,367 |
35.8% |
€209,339 |
-8.8% |
€229,478 |
23.8% |
€185,414 |
|
|
Miscellaneous
Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total
Current Assets |
€5,542,739 |
6.2% |
€5,217,481 |
-3.7% |
€5,417,585 |
2.7% |
€5,275,826 |
-12.2% |
€6,005,846 |
|
|
Trade
Creditors |
€1,093,085 |
2.1% |
€1,070,574 |
13.1% |
€946,167 |
-11% |
€1,062,792 |
17.8% |
€902,147 |
|
|
Bank
Loans & Overdrafts |
€2,542,401 |
-30.2% |
€3,642,479 |
-14.9% |
€4,280,073 |
6.5% |
€4,019,933 |
-3.6% |
€4,170,255 |
|
|
Other
Short Term Finance |
0 |
-100% |
€170,732 |
-14.6% |
€200,016 |
- |
€200,016 |
-20.5% |
€251,508 |
|
|
Miscellaneous
Current Liabilities |
€1,465,852 |
7.2% |
€1,366,868 |
-7.4% |
€1,475,473 |
24.7% |
€1,183,286 |
4.9% |
€1,128,127 |
|
|
Total
Current Liabilities |
€5,101,338 |
-18.4% |
€6,250,653 |
-9.4% |
€6,901,729 |
6.7% |
€6,466,027 |
0.2% |
€6,452,037 |
|
|
Bank
Loans & Overdrafts and LTL |
€10,033,084 |
-1.8% |
€10,220,662 |
-3% |
€10,540,797 |
-2.8% |
€10,849,755 |
-11.1% |
€12,204,526 |
|
|
Other
Long Term Finance |
0 |
- |
0 |
-100% |
€170,721 |
-53.9% |
€370,728 |
-34.8% |
€569,002 |
|
|
Total
Long Term Liabilities |
€7,490,683 |
13.9% |
€6,578,183 |
5.1% |
€6,260,724 |
-8.3% |
€6,829,822 |
-15% |
€8,034,271 |
.
Capital
& Reserves
|
Date
Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
|
|
|
Called
Up Share Capital |
€1,270 |
- |
€1,270 |
- |
€1,270 |
- |
€1,270 |
- |
€1,270 |
|
|
P
& L Account Reserve |
€4,368,063 |
9.5% |
€3,989,645 |
0.8% |
€3,956,634 |
-0.1% |
€3,961,458 |
3.3% |
€3,836,033 |
|
|
Revaluation
Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Sundry
Reserves |
-€57,992 |
19.2% |
-€71,790 |
-6.7% |
-€67,262 |
7.3% |
-€72,549 |
7% |
-€78,031 |
|
|
Shareholder
Funds |
€4,311,341 |
10% |
€3,919,125 |
0.7% |
€3,890,642 |
0% |
€3,890,179 |
3.5% |
€3,759,272 |
Other
Financial Items
|
Date
Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
|
|
|
Net
Worth |
€1,050,530 |
59.6% |
€658,314 |
4.5% |
€629,831 |
0.1% |
€629,368 |
26.3% |
€498,461 |
|
|
Working
Capital |
€441,401 |
142.7% |
-€1,033,172 |
30.4% |
-€1,484,144 |
-24.7% |
-€1,190,201 |
-166.7% |
-€446,191 |
|
|
Total
Assets |
€16,903,362 |
0.9% |
€16,747,961 |
-1.8% |
€17,053,095 |
-0.8% |
€17,186,028 |
-5.8% |
€18,245,580 |
|
|
Total
Liabilities |
€12,592,021 |
-1.8% |
€12,828,836 |
-2.5% |
€13,162,453 |
-1% |
€13,295,849 |
-8.2% |
€14,486,308 |
|
|
Net
Assets |
€4,311,341 |
10% |
€3,919,125 |
0.7% |
€3,890,642 |
0% |
€3,890,179 |
3.5% |
€3,759,272 |
Cash
Flow
|
Date
Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
|
|
|
Net
Cashflow from Operations |
€588,119 |
-9.3% |
€648,390 |
2.1% |
€635,212 |
-61.4% |
€1,644,258 |
0.9% |
€1,629,177 |
|
|
Net
Cashflow before Financing |
€204,183 |
43.5% |
€142,333 |
-12.5% |
€162,707 |
-85.6% |
€1,131,884 |
11.1% |
€1,018,915 |
|
|
Net
Cashflow from Financing |
-€187,500 |
- |
- |
100% |
-€369,091 |
65.7% |
-€1,075,155 |
-6.1% |
-€1,013,693 |
|
|
Increase
in Cash |
€16,683 |
-88.3% |
€142,333 |
169% |
-€206,384 |
-463.8% |
€56,729 |
986.3% |
€5,222 |
Miscellaneous
|
Date
Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
|
|
Contingent
Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
|
|
Capital
Employed |
€11,802,024 |
12.4% |
€10,497,308 |
3.4% |
€10,151,366 |
-5.3% |
€10,720,001 |
-9.1% |
€11,793,543 |
|
|
Number
of Employees |
56 |
-1.8% |
57 |
-12.3% |
65 |
-11% |
73 |
-2.7% |
75 |
|
Accountants |
||||||||||
|
Auditors |
BASTOW
CHARLETON |
|||||||||
|
Auditor
Comments |
The
audit report contains no adverse comments |
|||||||||
|
Bankers |
BANK
OF IRELAND |
|||||||||
|
Bank
Branch Code |
90-14-90 |
|||||||||
Ratios
|
Date
Of Accounts |
31/12/14 |
31/12/13 |
31/12/12 |
31/12/11 |
31/12/10 |
|
|
|
Pre-tax
profit margin % |
2.72 |
0.38 |
0.05 |
0.88 |
2.81 |
|
|
Current
ratio |
1.09 |
0.83 |
0.78 |
0.82 |
0.93 |
|
|
Sales/Net
Working Capital |
38.58 |
-15.56 |
-10.49 |
-14.36 |
-41.03 |
|
|
Gearing
% |
232.70 |
260.80 |
270.90 |
278.90 |
324.70 |
|
|
Equity
in % |
31.60 |
29.10 |
28.20 |
27.90 |
25.10 |
|
|
Creditor
Days |
23.36 |
24.23 |
22.11 |
22.63 |
17.93 |
|
|
Debtor
Days |
56.75 |
51.29 |
61.29 |
60.90 |
59.14 |
|
|
Liquidity/Acid
Test |
0.60 |
0.41 |
0.41 |
0.47 |
0.49 |
|
|
Return
On Capital Employed % |
3.91 |
0.58 |
0.07 |
1.40 |
4.35 |
|
|
Return
On Total Assets Employed % |
2.73 |
0.36 |
0.04 |
0.87 |
2.81 |
|
|
Current
Debt Ratio |
1.18 |
1.59 |
1.77 |
1.66 |
1.71 |
|
|
Total
Debt Ratio |
2.92 |
3.27 |
3.38 |
3.41 |
3.85 |
|
|
Stock
Turnover Ratio % |
14.40 |
16.23 |
16.20 |
12.73 |
15.36 |
|
|
Return
on Net Assets Employed % |
10.72 |
1.57 |
0.20 |
3.87 |
13.66 |
Report
Notes
|
There
are no notes to display. |
Status
History
|
No
Status History found |
Event History
|
Date |
Description |
|
24/10/2015 |
New
Accounts Filed |
|
24/10/2015 |
New
Accounts Filed |
|
12/10/2015 |
Annual
Returns |
|
28/11/2014 |
New
Accounts Filed |
|
28/11/2014 |
New
Accounts Filed |
|
24/11/2014 |
Annual
Returns |
|
30/04/2014 |
COLM
MICHAEL DEIGNAN has left the board |
|
23/12/2013 |
New
Accounts Filed |
|
23/12/2013 |
New
Accounts Filed |
|
14/12/2013 |
Annual
Returns |
|
25/10/2012 |
New
Accounts Filed |
|
25/10/2012 |
New
Accounts Filed |
|
13/10/2012 |
Annual
Returns |
|
01/09/2012 |
New
Board Member (COLM MICHAEL DEIGNAN) appointed |
|
18/08/2012 |
DONALD
WILLIAMSON has left the board |
Previous Company Names
|
Date |
Previous
Name |
|
N/A |
MICHAEL
MCLOUGHLIN & SONS HARDWARE LIMITED |
Writ
Details
|
No
writs found |
Statistics
|
Group |
5
companies |
|
Linkages |
0
companies |
|
Countries |
In
0 countries |
Summary
|
Holding
Company
|
MCLOUGHLIN
& SONS HARDWARE HOLDINGS LIMITED |
|
Ownership
Status
|
Ultimately
Owned |
|
Ultimate
Holding Company
|
MCLOUGHLIN
& SONS HARDWARE HOLDINGS LIMITED |
Group
Structure Full
|
Company
Name |
Registered
Number |
Latest
Key Financials |
Consol.
Accounts |
Turnover |
|
MCLOUGHLIN
& SONS HARDWA... |
IE103395
|
31.12.2014 |
Y |
€17,028,609
|
|
MCLOUGHLIN
& SONS HARD... |
IE352178
|
31.12.2014 |
N |
€17,028,609
|
|
WOODCHASE
HOLDINGS L... |
IE375883
|
31.12.2014 |
N |
|
|
R
- S SALES LIMITED |
IE044325
|
31.12.2014 |
N |
|
|
R.
S. SALES (N.I.)... |
NI025311
|
31.12.2014 |
N |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.32 |
|
|
1 |
Rs.98.99 |
|
Euro |
1 |
Rs.72.13 |
|
EUR |
1 |
Rs.72.39 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
|
Report Prepared
by : |
NIT |
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.