MIRA INFORM REPORT

Report No. :	355665
Report Date :	22.12.2015

IDENTIFICATION DETAILS

Name :	SCHUF VALVE TECHNOLOGY GMBH

Registered Office :	Lehenaghmore Togher Cork 180014

Country :	Ireland

Financials (as on) :	31.12.2002

Date of Incorporation :	12.11.1991

Com. Reg. No.:	IE903161

Legal Form :	Not Available

Line of Business :	Not Available Note [We tried to confirm / obtain the detailed activity but the same is not available from any sources]

No. of Employee :	Not Available

RATING & COMMENTS

MIRA’s Rating :

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

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 Name Address

SCHUF VALVE TECHNOLOGY GMBH

LEHENAGHMORE TOGHER CORK 180014

Company No

IE903161

Company Status

Insufficient Information

Company Summary

Registered Address LEHENAGHMORE
TOGHER
CORK
180014

Trading Address LEHENAGHMORE
TOGHER
CORK
CORK
180014

Website Address -

Eircode -

Telephone Number 0214312027

Fax Number

TPS No

FPS Yes

Incorporation Date 12/11/1991

Previous Name

Type Other

FTSE Index -

Date of Change -

Filing Date of Accounts -

Currency

Share Capital -

SIC07

Charity Number -

SIC07 Description

Principal Activity -

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

31/12/2002 €13,117,000 €1,159,000 €2,713,000 43

- - - - -

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 comments to display

CJ

Total Number of Exact CJs -	Total Value of Exact CJs -	€0
Total Number of Possible CJs -	Total Value of Possible CJs -	€0
Total Number of Satisfied CJs -	Total Value of Satisfied CJs -	€0

Total Current Directors	0
Total Current Secretaries	0
Total Previous Directors / Company Secretaries	0

Current Directors

Current Company Secretary

Top 20 Shareholders

Profit & Loss

Date Of Accounts	31/12/02	(%)	-	(%)	-	(%)	-	(%)	-
Weeks	52	(%)	-	(%)	-	(%)	-	(%)	-
Currency	EUR	(%)	-	(%)	-	(%)	-	(%)	-
Consolidated A/cs	N	(%)	-	(%)	-	(%)	-	(%)	-
Turnover	€13,117,000	-	-	-	-	-	-	-	-
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	€5,504,000	-	-	-	-	-	-	-	-
Gross Profit	€7,613,000	-	-	-	-	-	-	-	-
Wages & Salaries	-	-	-	-	-	-	-	-	-
Directors Emoluments	-	-	-	-	-	-	-	-	-
Operating Profit	€1,346,000	-	-	-	-	-	-	-	-
Depreciation	-	-	-	-	-	-	-	-	-
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	€202,000	-	-	-	-	-	-	-	-
Pre Tax Profit	€1,159,000	-	-	-	-	-	-	-	-
Taxation	-€166,000	-	-	-	-	-	-	-	-
Profit After Tax	€993,000	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	€993,000	-	-	-	-	-	-	-	-

Balance Sheet

Date Of Accounts	31/12/02	(%)	-	(%)	-	(%)	-	(%)	-
Tangible Assets	€1,300,000	-	-	-	-	-	-	-	-
Intangible Assets	€29,000	-	-	-	-	-	-	-	-
Total Fixed Assets	€1,329,000	-	-	-	-	-	-	-	-
Stock	€1,486,000	-	-	-	-	-	-	-	-
Trade Debtors	0	-	-	-	-	-	-	-	-
Cash	€467,000	-	-	-	-	-	-	-	-
Other Debtors	€2,171,000	-	-	-	-	-	-	-	-
Miscellaneous Current Assets	€37,000	-	-	-	-	-	-	-	-
Total Current Assets	€4,161,000	-	-	-	-	-	-	-	-
Trade Creditors	€286,000	-	-	-	-	-	-	-	-
Bank Loans & Overdrafts	0	-	-	-	-	-	-	-	-
Other Short Term Finance	€755,000	-	-	-	-	-	-	-	-
Miscellaneous Current Liabilities	€544,000	-	-	-	-	-	-	-	-
Total Current Liabilities	€1,585,000	-	-	-	-	-	-	-	-
Bank Loans & Overdrafts and LTL	€1,192,000	-	-	-	-	-	-	-	-
Other Long Term Finance	0	-	-	-	-	-	-	-	-
Total Long Term Liabilities	€1,192,000	-	-	-	-	-	-	-	-

Capital & Reserves

Date Of Accounts	31/12/02	(%)	-	(%)	-	(%)	-	(%)	-
Called Up Share Capital	€160,000	-	-	-	-	-	-	-	-
P & L Account Reserve	€1,176,000	-	-	-	-	-	-	-	-
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	€1,377,000	-	-	-	-	-	-	-	-
Shareholder Funds	€2,713,000	-	-	-	-	-	-	-	-

Other Financial Items

Date Of Accounts	31/12/02	(%)	-	(%)	-	(%)	-	(%)	-
Net Worth	€2,684,000	-	-	-	-	-	-	-	-
Working Capital	€2,576,000	-	-	-	-	-	-	-	-
Total Assets	€5,490,000	-	-	-	-	-	-	-	-
Total Liabilities	€2,777,000	-	-	-	-	-	-	-	-
Net Assets	€2,713,000	-	-	-	-	-	-	-	-

Cash Flow

Date Of Accounts	31/12/02	(%)	-	(%)	-	(%)	-	(%)	-
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	31/12/02	(%)	-	(%)	-	(%)	-	(%)	-
Contingent Liability		-	-	-	-	-	-	-	-
Capital Employed	€2,713,000	-	-	-	-	-	-	-	-
Number of Employees	43	-	-	-	-	-	-	-	-
Accountants
Auditors
Auditor Comments	No Adverse Comments
Bankers	BANK OF IRELAND
Bank Branch Code	90-27-92

Ratios

Date Of Accounts	31/12/02	-	-	-	-
Pre-tax profit margin %	8.84	-	-	-	-
Current ratio	2.63	-	-	-	-
Sales/Net Working Capital	-	-	-	-	-
Gearing %	43.90	-	-	-	-
Equity in %	49.70	-	-	-	-
Creditor Days	7.96	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	1.69	-	-	-	-
Return On Capital Employed %	42.72	-	-	-	-
Return On Total Assets Employed %	21.11	-	-	-	-
Current Debt Ratio	0.58	-	-	-	-
Total Debt Ratio	1.02	-	-	-	-
Stock Turnover Ratio %	11.33	-	-	-	-
Return on Net Assets Employed %	42.72	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

No Event History found

Previous Company Names

No Previous Names found

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 StructureFull

No Group Structure

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.32
UK Pound	1	Rs.98.99
Euro	1	Rs.72.13
Euro	1	Rs.72.39

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

INFORMATION DETAILS

Analysis Done by :	KAS

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%)

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