|
Report No. : |
347507 |
|
Report Date : |
03.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
ALFCO FARM SERVICES LIMITED |
|
|
|
|
Registered Office : |
Newtown, Trim, Co Meath, 676004 |
|
|
|
|
Country : |
Ireland |
|
|
|
|
Financials (as on) : |
28.02.2014 |
|
|
|
|
Date of Incorporation : |
20.12.1977 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Installation and service of dairy equipment and sale of farm supplies. |
|
|
|
|
No. of Employee : |
26 (28/02/2014) |
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 |
ALFCO
FARM SERVICES LIMITED
|
Registered Address: |
NEWTOWN |
|
|
TRIM |
|
|
CO MEATH |
|
|
676004 |
|
Registered Address |
NEWTOWN |
Trading Address |
NEWTOWN |
|
|
TRIM |
|
TRIM |
|
|
CO MEATH |
|
CO MEATH |
|
|
676004 |
|
CO MEATH |
|
|
|
|
676004 |
|
Website Address |
- |
|
|
|
Telephone Number |
|
Fax Number |
|
|
TPS |
No |
FPS |
No |
|
Incorporation Date |
20/12/1977 |
|
|
|
Previous Name |
|
Type |
Private limited with Share Capital |
|
|
|
FTSE Index |
- |
|
Date of Change |
- |
Filing Date of Accounts |
- |
|
Currency |
EUR |
Share Capital |
€1,900,000 |
|
SIC07 |
|
Charity Number |
- |
|
SIC07 Description |
|
|
|
|
Principal Activity |
Installation and service of dairy
equipment and sale of farm supplies. |
||
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder |
Funds Employees |
|
28/02/2014 |
- |
€409,359 |
€3,885,963 |
26 |
|
28/02/2013 |
- |
€242,743 |
€3,547,877 |
25 |
|
29/02/2012 |
- |
€180,162 |
€3,337,474 |
26 |
|
Total Mortgage |
3 |
|
Outstanding |
3 |
|
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 11.9% during
the latest trading period.
A 10.5% growth in Total Assets
occurred during the latest trading period.
Pre-tax profits increased by 68.6% compared
to the previous trading period.
|
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 |
|
Name |
KIERAN KERRIGAN |
Date of Birth |
04/02/1956 |
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
20/12/1977 |
|
|
|
Address |
26 RIVERDALE ESTATE, LEIXLIP, CO.KILDARE. |
|
|
|
Name |
PATRICK MACMAHON |
Date of Birth |
31/07/1947 |
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
20/12/1977 |
|
|
|
Address |
CONNELLSTOWN, ENFIELD, CO. MEATH |
|
|
|
Name |
PATRICK MACMAHON |
Date of Birth |
31/07/1947 |
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
2 |
Function |
Company Secretary |
|
Appointment Date |
20/12/1977 |
|
|
|
Address |
CONNELLSTOWN, ENFIELD, CO. MEATH |
|
|
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
|
PATRICK MACMAHON |
EUR |
748,236 |
ORDINARY |
1.27 |
|
KIERAN KERRIGAN |
EUR |
748,236 |
ORDINARY |
1.27 |
Unable to report
percentage holdings as filed Shareholder listing
is not full.
PROFIT & LOSS
|
Date
Of |
28/02/14 |
(%) |
28/02/13 |
(%) |
29/02/12 |
(%) |
28/02/11 |
(%) |
28/02/10 |
|
Accounts |
|
|
|
|
|
|
|
|
|
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
EUR |
(%) |
EUR |
(%) |
EUR |
(%) |
EUR |
(%) |
EUR |
|
Consolidated |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
A/cs |
|
|
|
|
|
|
|
|
|
|
Turnover |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cost
of Sales |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Gross
Profit |
€1,593,742 |
11.2% |
€1,433,032 |
-5.9% |
€1,522,528 |
26.1% |
€1,207,347 |
- |
- |
|
Wages
& |
€847,169 |
-1.3% |
€858,046 |
-3.1% |
€885,524 |
41% |
€627,975 |
-29.3% |
€887,736 |
|
Salaries |
|
|
|
|
|
|
|
|
|
|
Directors |
|
|
|
|
|
|
|
|
|
|
Emoluments |
€138,134 |
-4.7% |
€144,893 |
-2.6% |
€148,795 |
-3.1% |
€153,544 |
-65.7% |
€448,022 |
|
Operating Profit |
€403,414 |
72.2% |
€234,296 |
30.2% |
€179,971 |
4.7% |
€171,946 |
- |
- |
|
Depreciation |
€34,304 |
19.7% |
€28,656 |
-5% |
€30,165 |
73.7% |
€17,371 |
- |
- |
|
Audit
Fees |
- |
- |
- |
- |
€3,080 |
-74% |
€11,840 |
-1.3% |
€12,000 |
|
Interest |
|
|
|
|
|
|
|
|
|
|
Payments |
- |
- |
- |
- |
- |
-100% |
€3,164 |
1.5% |
€3,118 |
|
Pre Tax Profit |
€409,359 |
68.6% |
€242,743 |
34.7% |
€180,162 |
-4.3% |
€188,264 |
- |
- |
|
Taxation |
-€71,273 |
-120.4% |
-€32,340 |
-5% |
-€30,799 |
-8.7% |
-€28,331 |
- |
- |
|
Profit
After Tax |
€338,086 |
60.7% |
€210,403 |
40.9% |
€149,363 |
-6.6% |
€159,933 |
- |
- |
|
Dividends
Payable
|
|
|
|
|
|
|
|
|
|
|
Retained Profit |
€338,086 |
60.7% |
€210,403 |
40.9% |
€149,363 |
-6.6% |
€159,933 |
- |
- |
BALANCE SHEET
|
Date
Of |
28/02/14 |
(%) |
28/02/13 |
(%) |
29/02/12 |
(%) |
28/02/11 |
(%) |
28/02/10 |
|
Accounts |
|
|
|
|
|
|
|
|
|
|
Tangible
Assets |
€509,866 |
-3.1% |
€526,170 |
-3.4% |
€544,547 |
-59.5% |
€1,343,508 |
0.8% |
€1,332,956 |
|
Intangible |
|
|
|
|
|
|
|
|
|
|
Assets |
€179,931 |
-23.6% |
€235,375 |
-5.5% |
€249,147 |
-11.6% |
€281,764 |
- |
0 |
|
Total Fixed |
€689,797 |
-9.4% |
€761,545 |
-4.1% |
€793,694 |
-51.2% |
€1,625,272 |
21.9% |
€1,332,956 |
|
Assets |
|
|
|
|
|
|
|
|
|
|
Stock |
€969,280 |
-14.8% |
€1,137,317 |
3.1% |
€1,103,447 |
22.7% |
€899,040 |
0.3% |
€896,082 |
|
Trade
Debtors |
€1,953,071 |
18.9% |
€1,642,676 |
-5.6% |
€1,741,003 |
-11.4% |
€1,964,561 |
148% |
€792,168 |
|
Cash |
€1,424,040 |
47.8% |
€963,541 |
25.3% |
€768,865 |
20.2% |
€639,613 |
-48% |
€1,230,323 |
|
Other
Debtors |
0 |
-100% |
€45,700 |
436.2% |
€8,523 |
- |
€8,523 |
11.4% |
€7,654 |
|
Miscellaneous Current Assets |
0 |
-100% |
€5,048 |
83.6% |
€2,750 |
- |
0 |
-100% |
€23,036 |
|
Total Current Assets |
€4,346,391 |
14.6% |
€3,794,282 |
4.7% |
€3,624,588 |
3.2% |
€3,511,737 |
19.1% |
€2,949,263 |
|
Trade
Creditors |
€985,877 |
6% |
€930,031 |
0% |
€929,705 |
-5.2% |
€980,810 |
-55.4% |
€2,199,458 |
|
Bank Loans & Overdrafts |
€810 |
- |
0 |
- |
0 |
-100% |
€1,417 |
43.4% |
€988 |
|
Other
Short Term Finance
|
€4,310 |
-72.2% |
€15,485 |
-79.3% |
€74,843 |
43.6% |
€52,127 |
-59.2% |
€127,865 |
|
Miscellaneous Current Liabilities |
€159,228 |
155% |
€62,434 |
-18.1% |
€76,260 |
-33.4% |
€114,544 |
345.2% |
€25,729 |
|
Total Current Liabilities |
€1,150,225 |
14.1% |
€1,007,950 |
-6.7% |
€1,080,808 |
-5.9% |
€1,148,898 |
-51.2% |
€2,354,040 |
|
Bank
Loans & Overdrafts
and LTL |
€810 |
- |
0 |
- |
0 |
-100% |
€1,417 |
43.4% |
€988 |
|
Other
Long Term Finance
|
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Long Term Liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
CAPITAL & RESERVES
|
Date
Of |
28/02/14 |
(%) |
28/02/13 |
(%) |
29/02/12 |
(%) |
28/02/11 |
(%) |
28/02/10 |
|
Accounts |
|
|
|
|
|
|
|
|
|
|
Called
Up Share Capital
|
€1,900,127 |
- |
€1,900,127 |
- |
€1,900,127 |
- |
€1,900,127 |
999.9% |
€127 |
|
P
& L Account Reserve
|
€1,681,924 |
25.2% |
€1,343,838 |
18.6% |
€1,133,435 |
15.2% |
€984,072 |
19.4% |
€824,140 |
|
Revaluation
Reserve |
€303,912 |
- |
€303,912 |
- |
€303,912 |
-72.5% |
€1,103,912 |
- |
€1,103,912 |
|
Sundry
Reserves
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder |
€3,885,963 |
9.5% |
€3,547,877 |
6.3% |
€3,337,474 |
-16.3% |
€3,988,111 |
106.8% |
€1,928,179 |
|
Funds |
|
|
|
|
|
|
|
|
|
OTHER FINANCIAL ITEMS
|
Date Of |
28/02/14 |
(%) |
28/02/13 |
(%) |
29/02/12 |
(%) |
28/02/11 |
(%) |
28/02/10 |
|
Accounts |
|
|
|
|
|
|
|
|
|
|
Net Worth |
€3,706,032 |
11.9% |
€3,312,502 |
7.3% |
€3,088,327 |
-16.7% |
€3,706,347 |
92.2% |
€1,928,179 |
|
Working Capital |
€3,196,166 |
14.7% |
€2,786,332 |
9.5% |
€2,543,780 |
7.7% |
€2,362,839 |
297% |
€595,223 |
|
Total Assets |
€5,036,188 |
10.5% |
€4,555,827 |
3.1% |
€4,418,282 |
-14% |
€5,137,009 |
20% |
€4,282,219 |
|
Total Liabilities |
€1,150,225 |
14.1% |
€1,007,950 |
-6.7% |
€1,080,808 |
-5.9% |
€1,148,898 |
-51.2% |
€2,354,040 |
|
Net Assets |
€3,885,963 |
9.5% |
€3,547,877 |
6.3% |
€3,337,474 |
-16.3% |
€3,988,111 |
106.8% |
€1,928,179 |
CASH FLOW
|
Date Of |
28/02/14 |
(%) |
28/02/13 |
(%) |
29/02/12 |
(%) |
28/02/11 |
(%) |
28/02/10 |
|
Accounts |
|
|
|
|
|
|
|
|
|
|
Net
Cashflow from
Operations |
€528,942 |
123.3% |
€236,903 |
52.4% |
€155,412 |
107.1% |
-€2,176,279 |
- |
- |
|
Net
Cashflow before
Financing |
€454,641 |
130.8% |
€196,974 |
47.6% |
€133,419 |
105.4% |
-€2,479,330 |
- |
- |
|
Net
Cashflow from
Financing |
- |
- |
- |
- |
- |
-100% |
€1,900,000 |
- |
- |
|
Increase
in Cash
|
€454,641 |
130.8% |
€196,974 |
47.6% |
€133,419 |
123% |
-€579,330 |
- |
- |
MISCELLANEOUS
|
Date Of |
28/02/14 |
(%) |
28/02/13 |
(%) |
29/02/12 |
(%) |
28/02/11 |
(%) |
28/02/10 |
|
Accounts |
|
|
|
|
|
|
|
|
|
|
Contingent
Liability
|
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital
Employed |
€3,885,963 |
9.5% |
€3,547,877 |
6.3% |
€3,337,474 |
-16.3% |
€3,988,111 |
106.8% |
€1,928,179 |
|
Number
of Employees |
26 |
4% |
25 |
-3.8% |
26 |
30% |
20 |
-4.8% |
21 |
|
Accountants
|
|
|
|
|
|
|
|
|
|
|
Auditors |
MICHAEL
MCDONNELL & CO |
|
|
||||||
|
Auditor |
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The
audit report contains no adverse comments |
|
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|||||
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Comments |
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Bankers |
ALLIED
IRISH BANK |
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||||
|
Bank
Branch
Code |
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RATIOS
|
Date Of |
28/02/14 |
28/02/13 |
29/02/12 |
28/02/11 |
28/02 |
|||
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Accounts |
||||||||
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||
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Pre-tax profit |
|
- |
- |
- |
- |
- |
||
|
margin % |
|
|||||||
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|
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|
Current ratio |
|
3.78 |
3.76 |
3.35 |
3.06 |
1.2 |
||
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|
Sales/Net |
|
- |
- |
- |
- |
- |
||
|
Working Capital |
||||||||
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|||
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|
Gearing % |
|
0 |
0 |
0 |
0 |
0.1 |
||
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|
Equity in % |
|
80 |
82.10 |
80.10 |
82.10 |
45 |
||
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Creditor Days |
|
- |
- |
- |
- |
- |
||
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|
Debtor Days |
|
- |
- |
- |
- |
- |
||
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|
|
|
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|
Liquidity/Acid |
|
2.93 |
2.63 |
2.33 |
2.27 |
0.8 |
||
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Test |
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Return On |
|
|
|
|
|
|
|
|
|
Capital |
|
10.53 |
6.84 |
5.39 |
4.72 |
- |
||
|
Employed % |
|
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|
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|
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||
|
Return On Total |
|
|
|
|
|
|
||
|
Assets |
|
8.12 |
5.32 |
4.07 |
3.66 |
- |
||
|
Employed % |
|
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Current Debt |
|
0.29 |
0.28 |
0.32 |
0.28 |
1.2 |
||
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Ratio |
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|||||||
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Total Debt Ratio 0.29 |
0.28 |
0.32 |
0.28 |
1.2 |
||||
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Stock Turnover |
|
- |
- |
- |
- |
- |
||
|
Ratio % |
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|||||||
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Return on Net |
|
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|
|
|
|
|
|
|
Assets |
|
10.53 |
6.84 |
5.39 |
4.72 |
- |
||
|
Employed % |
|
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REPORT NOTES
There are no notes to display.
STATUS HISTORY
No Status History found
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Date |
Description |
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31/01/2015 |
New Accounts Filed |
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31/01/2015 |
New Accounts Filed |
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30/01/2015 |
Annual Returns |
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03/02/2014 |
New Accounts Filed |
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03/02/2014 |
New Accounts Filed |
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30/01/2014 |
Annual Returns |
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30/01/2013 |
New Accounts Filed |
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30/01/2013 |
New Accounts Filed |
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29/01/2013 |
Annual Returns |
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27/01/2012 |
New Accounts Filed |
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27/01/2012 |
New Accounts Filed |
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26/01/2012 |
Annual Returns |
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20/12/2010 |
New Accounts Filed |
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17/12/2010 |
Annual Returns |
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27/01/2010 |
New Accounts Filed |
PREVIOUS COMPANY NAMES
No Previous Names found
RECEIVED DOCUMENTS WRIT DETAILS
No writs found
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Statistics |
|
Summary |
|
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Group |
- |
Holding Company |
- |
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Linkages |
0 companies |
Ownership Status |
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Countries |
In 0 countries |
Ultimate Holding Company |
- |
GROUP STRUCTURE
No Group Structure
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Business Name |
Business No |
Business Status. |
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ALFCO FARM SERVICES LIMITED |
IE061030 |
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ALFCO ENGINEERING |
429371 |
NORMAL |
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Mortgage Details |
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Mortgage Type: |
A CHARGE. |
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Date Charge Created: |
06/08/93 |
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Date Charge Registered: |
11/08/93 |
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Date Charge Satisfied: |
- |
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Status: |
NOT SATISFIED |
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Person(s) Entitled: |
ALLIED IRISH BANKS PLC |
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Amount Secured: |
0 |
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Details: |
ALL SUMS NOW DUE OR HEREAFTER
TO BECOME DUE FROM THE COMPANY TO
THE PERSON(S) ENTITLED |
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Mortgage Type: |
A DEBENTURE. |
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Date Charge Created: |
14/04/88 |
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Date Charge Registered: |
22/04/88 |
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Date Charge Satisfied: |
- |
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Status: |
NOT SATISFIED |
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Person(s) Entitled: |
ALLIED IRISH BANKS PLC |
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Amount Secured: |
0 |
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Details: |
ALL SUMS NOW DUE OR HEREAFTER
TO BECOME DUE FROM THE COMPANY TO
THE PERSON(S) ENTITLED |
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Mortgage Type: |
A DEED OF MORTGAGE DEBENTURE. |
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Date Charge Created: |
05/04/84 |
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Date Charge Registered: |
18/04/84 |
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Date Charge Satisfied: |
- |
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Status: |
NOT SATISFIED |
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Person(s) Entitled: |
INDUSTRIAL CREDIT CORPORATION PLC |
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Amount Secured: |
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Details: |
ALL SUMS NOW DUE OR HEREAFTER
TO BECOME DUE FROM THE COMPANY TO
THE PERSON(S) ENTITLED |
PREVIOUS DIRECTOR/COMPANY SECRETARIES
No Previous Director Details
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Average Invoice Value |
n/a |
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Invoices available |
n/a |
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Paid |
n/a |
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Outstanding |
n/a |
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Trade Payment Data is information
that we collect from selected third
party partners who send us information
about their whole sales ledger. |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.65.48 |
|
|
1 |
Rs.101.06 |
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Euro |
1 |
Rs.72.22 |
INFORMATION DETAILS
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Analysis Done by
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RAS |
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Report Prepared
by : |
ASH |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.