|
Report No. : |
312122 |
|
Report Date : |
30.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
PROFLO LIMITED |
|
|
|
|
Registered Office : |
Brennan's Yard, College Lands Rathcoole 564010 |
|
|
|
|
Country : |
Ireland |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
31.05.2002 |
|
|
|
|
Com. Reg. No.: |
IE357631 |
|
|
|
|
Legal Form : |
Private Limited
with Share Capital |
|
|
|
|
Line of Business : |
Wholesale of Wood, Construction
Materials and Sanitary Equipment. |
|
|
|
|
No. of Employees : |
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 : |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 has dropped sharply since the onset of the
world financial crisis. Ireland entered into a recession in 2008 for the first
time in more than a decade, with the subsequent collapse of its domestic
property market and construction industry. Property prices rose more rapidly in
Ireland in the decade up to 2007 than in any other developed economy. Since
their 2007 peak, average house prices have fallen 47%. 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. Agriculture,
once the most important sector, is now dwarfed by industry and services. In
2008 the former COWEN government moved to guarantee all bank deposits, recapitalize
the banking system, and establish partly-public venture capital funds in
response to the country's economic downturn. In 2009, in continued efforts to
stabilize the banking sector, the Irish Government established the National
Asset Management Agency (NAMA) to acquire problem commercial property and
development loans from Irish banks. Faced with sharply reduced revenues and a
burgeoning budget deficit, the Irish Government introduced the first in a
series of draconian budgets in 2009. In addition to across-the-board cuts in
spending, the 2009 budget included wage reductions for all public servants.
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 - because of additional government support for the
country’s deeply troubled banking sector. 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 fragile banking sector and avoid defaulting on
its sovereign debt. Since entering office in March 2011, the new KENNY
government has intensified austerity measures to try to meet the deficit
targets under Ireland's EU-IMF program. Ireland has grown slowly since 2011,
but managed to reduce the budget deficit to 7.2% of GDP in 2013. 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.
|
Source
: CIA |
|
Company
Name: |
PROFLO LIMITED |
|
Company
No: |
IE357631 |
|
Company
Status: |
Active - Accounts Filed |
|
Registered
Address |
BRENNAN'S YARD, COLLEGE LANDS RATHCOOLE 564010 |
|
Registered Address |
BRENNAN'S YARD |
Trading Address |
Windmill View |
|
|
COLLEGE LANDS |
|
Blackchurch |
|
|
RATHCOOLE |
|
Rathcoole |
|
|
564010 |
|
Co Dublin, 676004 |
|
Website Address |
- |
|
|
|
Telephone Number |
0469481580 |
Fax Number |
|
|
TPS |
No |
FPS |
No |
|
Incorporation Date |
31/05/2002 |
Type |
Private limited with Share Capital |
|
Previous Name |
|
FTSE Index |
- |
|
Date of Change |
- |
Filing Date of Accounts |
- |
|
Currency |
EUR |
Share Capital |
€1 |
|
SIC07 |
46730 |
Charity Number |
- |
|
SIC07 Description |
Wholesale of Wood, Construction
Materials and Sanitary Equipment. |
||
|
Year
to Date |
Turnover |
Pre
Tax Profit |
Shareholder |
Funds Employees |
|
31/12/2013 |
- |
- |
€1,342,732 |
- |
|
31/12/2012 |
- |
- |
€1,166,400 |
- |
|
31/12/2011 |
- |
- |
€1,105,663 |
- |
|
Total Mortgage |
0 |
|
Outstanding |
0 |
|
Satisfied |
0 |
|
Total Number of Documented Trade |
0 |
|
Total Value of Documented Trade |
€0 |
No exact match CCJs are recorded against the company.
Net Worth increased by 15.4% during the latest trading period.
A 8.9% growth in Total Assets occurred during the latest trading period.
The audit report contains no adverse comments.
|
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 |
|
Name |
EAMONN KAVANAGH |
Date of Birth |
29/07/1970 |
|
Officers Title |
- |
Nationality |
- |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
03/10/2008 |
|
|
|
Address |
20 OLD CHAPEL GROVE, CARAGH, NAAS, CO. KILDARE |
|
|
|
|
|
|
|
|
Name |
MARY KAVANAGH |
Date of Birth |
14/08/1974 |
|
Officers Title |
- |
Nationality |
- |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
25/03/2009 |
|
|
|
Address |
20 OLD CHAPEL GROVE, CARAGH, NAAS, CO.
KILDARE |
|
|
|
Name |
EAMONN KAVANAGH |
Date of Birth |
29/07/1970 |
|
Officers Title |
- |
Nationality |
- |
|
Present Appointments |
1 |
Function |
Company Secretary |
|
Appointment Date |
25/03/2009 |
|
|
|
Address |
20 OLD CHAPEL GROVE, CARAGH, NAAS,
CO. KILDARE |
|
|
|
Name |
Currency |
Share
Count |
Share Type |
Nominal
Value |
% of
Total Share
Count |
|
EAMON KAVANAGH |
EUR |
1 |
ORDINARY |
1 |
100 |
|
Date
of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31.12.09 |
|
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 |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Wages & Salaries |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Directors Emoluments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating
Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Depreciation |
€59,463 |
6% |
€56,076 |
-12.3% |
€63,945 |
- |
- |
- |
€46,995 |
|
Audit Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Interest Payments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Pre Tax Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Profit After Tax |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Date
of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31.12.09 |
|
Tangible Assets |
€188,793 |
51.7% |
€124,431 |
15% |
€108,227 |
-11.5% |
€122,228 |
-8.9% |
€134,157 |
|
Intangible Assets |
0 |
-100% |
€3,334 |
-50% |
€6,667 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
€188,793 |
47.8% |
€127,765 |
11.2% |
€114,894 |
-6% |
€122,228 |
-8.9% |
€134,157 |
|
Stock |
€987,559 |
16.7% |
€846,580 |
34.1% |
€631,265 |
5.1% |
€600,871 |
-2.8% |
€618,162 |
|
Trade Debtors |
€884,659 |
-3.6% |
€917,588 |
95.7% |
€468,849 |
8.5% |
€432,142 |
-2.9% |
€444,904 |
|
Cash |
0 |
- |
0 |
-100% |
€262,350 |
76.3% |
€148,820 |
-19.5% |
€184,859 |
|
Other Debtors |
0 |
- |
0 |
-100% |
€1,326 |
- |
0 |
- |
0 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
€1,872,218 |
6.1% |
€1,764,168 |
29.4% |
€1,363,790 |
15.4% |
€1,181,833 |
-5.3% |
€1,247,925 |
|
Trade Creditors |
€415,835 |
-25.8% |
€560,182 |
81% |
€309,520 |
97.3% |
€156,887 |
-18.8% |
€193,207 |
|
Bank Loans & Overdrafts |
€87,181 |
97.4% |
€44,156 |
- |
0 |
- |
0 |
- |
0 |
|
Other Short Term Finance
|
€21,977 |
219.7% |
€6,874 |
-48% |
€13,229 |
-32.2% |
€19,523 |
-51.4% |
€40,189 |
|
Miscellaneous Current Liabilities |
€135,455 |
145.3% |
€55,218 |
116.2% |
€25,538 |
-20.7% |
€32,224 |
-40.3% |
€54,010 |
|
Total Current Liabilities |
€660,448 |
-0.9% |
€666,430 |
91.3% |
€348,287 |
66.9% |
€208,634 |
-27.4% |
€287,406 |
|
Bank Loans & Overdrafts and LTL |
€145,012 |
40.4% |
€103,259 |
317.5% |
€24,734 |
158.1% |
€9,583 |
-26.6% |
€13,060 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Long Term Liabilities |
€57,831 |
-2.2% |
€59,103 |
139% |
€24,734 |
158.1% |
€9,583 |
-26.6% |
€13,060 |
CAPITAL AND RESERVES
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
Called Up Share Capital |
€1 |
- |
€1 |
- |
€1 |
- |
€1 |
- |
€1 |
|
P & L Account Reserve |
€1,342,730 |
15.1% |
€1,166,398 |
5.5% |
€1,105,661 |
1.8% |
€1,085,842 |
0.4% |
€1,081,614 |
|
Revaluation Reserve |
- |
-- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
€1 |
- |
€1 |
- |
€1 |
- |
€1 |
- |
€1 |
|
Shareholder Funds |
€1,342,732 |
15.1% |
€1,166,400 |
5.5% |
€1,105,663 |
1.8% |
€1,085,844 |
0.4% |
€1,081,616 |
OTHER FINANCIAL ITEMS
|
Date of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
Net Worth |
€1,342,732 |
15.4% |
€1,163,066 |
5.8% |
€1,098,996 |
1.2% |
€1,085,844 |
0.4% |
€1,081,616 |
|
Working Capital |
€1,211,770 |
10.4% |
€1,097,738 |
8.1% |
€1,015,503 |
4.3% |
€973,199 |
1.3% |
€960,519 |
|
Total Assets |
€2,061,011 |
8.9% |
€1,891,933 |
27.9% |
€1,478,684 |
13.4% |
€1,304,061 |
-5.6% |
€1,382,082 |
|
Total Liabilities |
€718,279 |
-1% |
€725,533 |
94.5% |
€373,021 |
70.9% |
€218,217 |
-27.4% |
€300,466 |
|
Net Assets |
€1,342,732 |
15.1% |
€1,166,400 |
5.5% |
€1,105,663 |
1.8% |
€1,085,844 |
0.4% |
€1,081,616 |
MISCELLANEOUS
|
Date of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
€1,400,563 |
14.3% |
€1,225,503 |
8.4% |
€1,130,397 |
3.2% |
€1,095,427 |
0.1% |
€1,094,676 |
|
Number of Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Auditors |
JOHN MCEVOY & CO |
|
Auditor Comments |
The audit report contains no
adverse comments |
|
|
|
|
Bankers |
BANK OF IRELAND |
|
Bank Branch Code |
90-35-25 |
RATIO
|
Date
of Accounts |
31/12/13 |
31/12/12 |
31/12/11 |
31/12/10 |
31/12/09 |
|
Pre-tax profit margin % |
- |
- |
- |
- |
- |
|
Current ratio |
2.83 |
2.65 |
3.92 |
5.66 |
4.34 |
|
Sales/Net Working Capital |
- |
- |
- |
- |
- |
|
Gearing % |
10.80 |
8.90 |
2.20 |
0.90 |
1.20 |
|
Equity in % |
65.10 |
61.80 |
75.10 |
83.30 |
78.30 |
|
Creditor Days |
- |
- |
- |
- |
- |
|
Debtor Days |
- |
- |
- |
- |
- |
|
Liquidity/Acid Test |
1.33 |
1.37 |
2.10 |
2.78 |
2.19 |
|
Return On Capital Employed % |
- |
- |
- |
- |
- |
|
Return On Total Assets Employed % |
- |
- |
- |
- |
- |
|
Current Debt Ratio |
0.49 |
0.57 |
0.31 |
0.19 |
0.26 |
|
Total Debt Ratio |
0.53 |
0.62 |
0.33 |
0.20 |
0.27 |
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
Return on Net Assets Employed % |
- |
- |
- |
- |
- |
There are no notes to display.
No Status History found
|
Date |
Description |
|
|
30/06/2014 |
New Accounts Filed |
|
|
26/06/2014 |
Annual Returns |
|
|
22/05/2013 |
New Accounts Filed |
|
|
20/05/2013 |
Annual Returns |
|
|
13/06/2012 |
New Accounts Filed |
|
|
13/06/2012 |
New Accounts Filed |
|
|
12/06/2012 |
Annual Returns |
|
|
05/07/2011 |
New Accounts Filed |
|
|
02/07/2011 |
Annual Returns |
|
|
01/07/2010 |
Annual Returns |
|
|
30/06/2010 |
New Accounts Filed |
|
|
30/06/2010 |
New Accounts Filed |
|
|
02/07/2009 |
New Accounts Filed |
|
|
02/07/2009 |
Annual Returns |
|
|
02/04/2009 |
LINDA KELLY has left the board |
|
No Previous Names found
No writs found
|
Statistics |
|
Summary |
|
|
Group |
- |
Holding Company |
- |
|
Linkages |
0 companies |
Ownership Status |
|
|
Countries |
In 0 countries |
Ultimate Holding Company |
- |
No group structure
|
Business
Name |
Business
No |
Business
Status. |
|
PROFLO LIMITED |
IE357631 |
|
|
PROFLO |
334047 |
NORMAL |
|
Name |
Current
Directorships |
Previous
Directorships |
|
LINDA KELLY |
1 |
2 |
|
RAY RENNICK |
4 |
1 |
|
MICHAEL KELLY |
2 |
3 |
|
MICHAEL KELLY |
2 |
3 |
|
LINDA KELLY |
1 |
2 |
|
- POREMA LIMITED |
0 |
12 |
|
Average Invoice Value |
€2102.37 |
|
Invoices available |
48 |
|
Paid |
29 |
|
Outstanding |
19 |
|
Trade Payment Data is information
that we collect from selected third
party partners who send us information
about their whole sales ledger. |
|
|
|
Within
Terms |
0-30 Days |
31-60 Days |
61-90 Days |
91+ Days |
|
Paid |
2 |
0 |
0 |
3 |
24 |
|
Outstanding |
7 |
9 |
3 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.61 |
|
|
1 |
Rs.92.95 |
|
Euro |
1 |
Rs.68.15 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.