|
Report No. : |
341542 |
|
Report Date : |
01.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
BRANDWELL (IRL) LIMITED |
|
|
|
|
Formerly Known As : |
FUNDIT COMPANY LIMITED |
|
|
|
|
Registered Office : |
Unit 12, Northwest Business Park, Ballycoolin, 216410 |
|
|
|
|
Country : |
Ireland |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
20.11.1984 |
|
|
|
|
Legal Form : |
Not Available |
|
|
|
|
Line of Business : |
Subject is engaged in importation and distribution
of hosiery, handbags and other travel
goods. |
|
|
|
|
No. of Employee : |
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 : |
Slow but correct |
|
|
|
|
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 |
BRANDWELL (IRL)
LIMITED
UNIT 12, NORTHWEST
BUSINESS PARK, BALLYCOOLIN, 216410
|
Registered
Address |
UNIT 12 |
Trading
Address |
UNIT 12 |
|
|
NORTHWEST BUSINESS PARK |
|
NORTHWEST BUSINESS PARK |
|
|
BALLYCOOLIN |
|
BALLYCOOLIN |
|
|
216410 |
|
DUBLIN 15 |
|
|
|
|
216410 |
|
Website
Address |
- |
|
|
|
Telephone
Number |
|
Fax
Number |
|
|
TPS |
No |
FPS |
No |
|
Incorporation
Date |
20/11/1984 |
|
|
|
Previous
Name |
FUNDIT COMPANY LIMITED |
Type |
Other |
|
|
|
FTSE
Index |
- |
|
Date
of Change |
- |
Filing
Date of Accounts |
- |
|
Currency |
EUR |
Share
Capital |
€3 |
|
SIC07 |
|
Charity
Number |
- |
|
SIC07
Description |
|
|
|
|
Principal
Activity |
The importation and
distribution of hosiery, handbags and
other travel goods. |
||
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder |
Funds Employees |
|
31/12/2013 |
- |
€158,767 |
€2,920,021 |
- |
|
31/12/2012 |
- |
€109,247 |
€2,791,871 |
- |
|
31/12/2011 |
- |
€643,408 |
€2,710,957 |
- |
|
Total Mortgage |
4 |
|
Outstanding |
3 |
|
Satisfied |
1 |
|
Total Number of
Documented Trade |
0 |
|
Total Value of
Documented Trade |
€0 |
No exact match CCJs are recorded
against the company.
The credit limit on this company
has risen 37.5% in comparison to the
previously suggested credit limit. Net Worth
increased by 4.6% during the latest
trading period.
Pre-tax profits increased by 45.3%
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 |
7 |
|
Name |
SEAN MAHON |
Date of Birth |
24/01/1967 |
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
12 |
Function |
Director |
|
Appointment Date |
12/02/1990 |
|
|
|
Address |
GREENOGUE, KILSALLAGHAN, CO.MEATH |
|
|
|
Name |
JEFF MAHON |
Date of Birth |
30/09/1970 |
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
6 |
Function |
Director |
|
Appointment Date |
25/09/1998 |
|
|
|
Address |
45 BROOKVILLE, ASHBOURNE, CO. MEATH |
|
|
|
Name |
ROBERT BARTER |
Date of Birth |
22/08/1970 |
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
3 |
Function |
Company Secretary |
|
Appointment Date |
04/10/1999 |
|
|
|
Address |
GREEN ACRES, KENTSTOWN, CO.MEATH |
|
|
|
Name |
|
Currency Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
BRANDWELL GROUP LTD |
EUR |
2 |
ORDINARY |
1.27 |
100 |
Profit & Loss
|
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 |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
A/cs |
|
|
|
|
|
|
|
|
|
|
Turnover |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cost of Sales |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Gross Profit |
€3,329,398 |
7.8% |
€3,087,443 |
5.7% |
€2,920,292 |
18.1% |
€2,472,797 |
-24.6% |
€3,280,839 |
|
Wages & Salaries |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Directors |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Emoluments |
|
|
|
|
|
|
|
|
|
|
Operating
Profit |
€230,877 |
41.9% |
€162,696 |
-62.9% |
€438,137 |
740% |
€52,158 |
-75.6% |
€213,646 |
|
Depreciation |
€169,898 |
-38.9% |
€278,069 |
70.6% |
€162,979 |
44.3% |
€112,928 |
-30.8% |
€163,083 |
|
Audit Fees |
€17,096 |
7.9% |
€15,846 |
21.2% |
€13,070 |
-12.5% |
€14,935 |
-21.2% |
€18,965 |
|
Interest |
|
|
|
|
|
|
|
|
|
|
|
€72,110 |
34.9% |
€53,449 |
-39% |
€87,600 |
32.6% |
€66,067 |
-29.9% |
€94,189 |
|
Payments |
|
|
|
|
|
|
|
|
|
|
Pre
Tax Profit |
€158,767 |
45.3% |
€109,247 |
-83% |
€643,408 |
169.9% |
-€920,499 |
-870.6% |
€119,457 |
|
Taxation |
-€30,617 |
-8.1% |
-€28,333 |
-231.7% |
-€8,542 |
-183.7% |
€10,207 |
200% |
-€10,207 |
|
Profit After
Tax |
€128,150 |
58.4% |
€80,914 |
-87.3% |
€634,866 |
169.7% |
-€910,292 |
-933.2% |
€109,250 |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained
Profit |
€128,150 |
58.4% |
€80,914 |
-87.3% |
€634,866 |
169.7% |
-€910,292 |
-933.2% |
€109,250 |
Balance Sheet
|
|
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
Accounts |
|
|
|
|
|
|
|
|
|
|
Tangible Assets |
€253,925 |
-32.9% |
€378,347 |
-19.5% |
€469,810 |
-6.6% |
€503,177 |
-6.4% |
€537,567 |
|
Intangible
|
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Assets |
|
|
|
|
|
|
|
|
|
|
Total
Fixed |
€253,925 |
-32.9% |
€378,347 |
-19.5% |
€469,810 |
-6.6% |
€503,177 |
-6.4% |
€537,567 |
|
Assets |
|
|
|
|
|
|
|
|
|
|
Stock |
€2,802,073 |
-19.7% |
€3,491,058 |
25.8% |
€2,775,327 |
-7.3% |
€2,994,666 |
-4.3% |
€3,128,259 |
|
Trade Debtors |
€2,475,202 |
8.8% |
€2,275,120 |
-9.1% |
€2,501,839 |
21.4% |
€2,060,485 |
-2.2% |
€2,107,275 |
|
Cash |
€295,447 |
999.9% |
€3,834 |
-99.4% |
€601,088 |
607.3% |
€84,978 |
17% |
€72,630 |
|
Other Debtors |
€611,277 |
10.6% |
€552,522 |
6.7% |
€517,778 |
-20.7% |
€653,104 |
-55.1% |
€1,454,109 |
|
Miscellaneous
Current
Assets |
0 |
- |
0 |
- |
0 |
-100% |
€10,207 |
- |
0 |
|
Total
Current Assets |
€6,183,999 |
-2.2% |
€6,322,534 |
-1.1% |
€6,396,032 |
10.2% |
€5,803,440 |
-14.2% |
€6,762,273 |
|
Trade Creditors |
€1,149,058 |
-12.7% |
€1,316,152 |
3.4% |
€1,272,323 |
14.7% |
€1,109,270 |
-8.7% |
€1,214,721 |
|
Bank
Loans & Overdrafts
|
€1,273,820 |
-18.9% |
€1,569,812 |
-14.6% |
€1,838,402 |
0.3% |
€1,833,675 |
8.8% |
€1,685,852 |
|
Other
Short Term Finance
|
€157,555 |
-43.7% |
€279,885 |
-34.8% |
€429,420 |
-31.7% |
€628,690 |
-15.5% |
€744,410 |
|
Miscellaneous
Current Liabilities
|
€888,190 |
28% |
€693,710 |
14.7% |
€604,576 |
-4.1% |
€630,577 |
2.2% |
€617,248 |
|
Total
Current Liabilities
|
€3,468,623 |
-10.1% |
€3,859,559 |
-6.9% |
€4,144,721 |
-1.4% |
€4,202,212 |
-1.4% |
€4,262,231 |
|
Bank Loans
& Overdrafts and |
€1,323,100 |
-18.3% |
€1,619,263 |
-12.4% |
€1,848,566 |
-0.7% |
€1,861,989 |
7.2% |
€1,737,078 |
|
Other Long
Term Finance |
€49,280 |
-0.3% |
€49,451 |
386.5% |
€10,164 |
-64.1% |
€28,314 |
-44.7% |
€51,226 |
|
Total Long
Term Liabilities |
€49,280 |
-0.3% |
€49,451 |
386.5% |
€10,164 |
-64.1% |
€28,314 |
-44.7% |
€51,226 |
Capital & Reserves
|
|
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
Accounts |
|
|
|
|
|
|
|
|
|
|
Called Up
Share Capital |
€3 |
- |
€3 |
- |
€3 |
- |
€3 |
- |
€3 |
|
P &
L Account Reserve |
€2,920,018 |
4.6% |
€2,791,868 |
3% |
€2,710,954 |
30.6% |
€2,076,088 |
-30.5% |
€2,986,380 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder Funds |
€2,920,021 |
4.6% |
€2,791,871 |
3% |
€2,710,957 |
30.6% |
€2,076,091 |
-30.5% |
€2,986,383 |
Other Financial Items
|
Date Of |
|
|
|
|
|
|
|
|
|
|
Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
|
|
|
|
|
|
|
|
|
|
|
Net Worth |
€2,920,021 |
4.6% |
€2,791,871 |
3% |
€2,710,957 |
30.6% |
€2,076,091 |
-30.5% |
€2,986,383 |
|
Working Capital |
€2,715,376 |
10.2% |
€2,462,975 |
9.4% |
€2,251,311 |
40.6% |
€1,601,228 |
-36% |
€2,500,042 |
|
Total Assets |
€6,437,924 |
-3.9% |
€6,700,881 |
-2.4% |
€6,865,842 |
8.9% |
€6,306,617 |
-13.6% |
€7,299,840 |
|
Total Liabilities |
€3,517,903 |
-10% |
€3,909,010 |
-5.9% |
€4,154,885 |
-1.8% |
€4,230,526 |
-1.9% |
€4,313,457 |
|
Net Assets |
€2,920,021 |
4.6% |
€2,791,871 |
3% |
€2,710,957 |
30.6% |
€2,076,091 |
-30.5% |
€2,986,383 |
Cash Flow
|
Date Of |
|
|
|
|
|
|
|
|
|
|
Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
|
|
|
|
|
|
|
|
|
|
|
Net Cashflow |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
from Operations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
before Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Increase in |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cash |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Miscellaneous
|
Date
Of |
|
|
|
|
|
|
|
|
|
|
Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
|
|
|
|
|
|
|
|
|
|
|
Contingent |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
liability |
|
|
|
|
|
|
|
|
|
|
Capital Employed |
€2,969,301 |
4.5% |
€2,841,322 |
4.4% |
€2,721,121 |
29.3% |
€2,104,405 |
-30.7% |
€3,037,609 |
|
Number of Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Accountants |
|
|
|
|
|
|
|
|
|
|
Auditors |
SINNOTT
HUGHES & CO |
|
|
|
|
||||
|
Auditor |
|
|
|
|
|
|
|
|
|
|
Comments |
The
audit report contains no adverse comments |
|
|
|
|
||||
|
Bankers |
ALLIED
IRISH BANK |
|
|
|
|
|
|
||
|
Bank Branch Code |
|
|
|
|
|
|
|
|
|
Ratios
|
Date Of Accounts |
31/12/13 |
31/12/12 |
31/12/11 |
31/12/10 |
31/12/09 |
|
Pre-tax profit margin % |
- |
- |
- |
- |
- |
|
Current
ratio |
1.78 |
1.64 |
1.54 |
1.38 |
1.59 |
|
Sales/Net |
|
|
|
|
|
|
Working
Capital |
|
|
|
|
|
|
Gearing
% |
45.30 |
58 |
68.20 |
89.70 |
58.20 |
|
Equity
in % |
45.40 |
41.70 |
39.50 |
32.90 |
40.90 |
|
Creditor
Days |
- |
- |
- |
- |
- |
|
Debtor
Days |
- |
- |
- |
- |
- |
|
Liquidity/Acid Test |
0.97 |
0.73 |
0.87 |
0.66 |
0.85 |
|
Return
On |
|
|
|
|
|
|
Capital Employed
% |
5.34 |
3.84 |
23.64 |
-43.74 |
3.93 |
|
Return
On Total |
|
|
|
|
|
|
Assets Employed
% |
2.46 |
1.63 |
9.37 |
-14.59 |
1.63 |
|
Current Debt Ratio |
1.18 |
1.38 |
1.52 |
2.02 |
1.42 |
|
Total
Debt Ratio |
1.20 |
1.40 |
1.53 |
2.03 |
1.44 |
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
Return
on Net |
|
|
|
|
|
|
Assets Employed % |
5.43 |
3.91 |
23.73 |
-44.33 |
4 |
Report Notes
There are no notes to display.
Status History
No Status History found
|
Date |
Description |
|
|
19/11/2014 |
New Accounts Filed |
|
|
18/11/2014 |
Annual Returns |
|
|
30/11/2013 |
Annual Returns |
|
|
30/11/2013 |
New Accounts Filed |
|
|
28/11/2012 |
New Accounts Filed |
|
|
27/11/2012 |
Annual Returns |
|
|
01/12/2011 |
New Accounts Filed |
|
|
30/11/2011 |
Annual Returns |
|
|
02/12/2010 |
Annual Returns |
|
|
01/12/2010 |
New Accounts Filed |
|
|
01/12/2010 |
New Accounts Filed |
|
|
06/11/2009 |
Annual Returns |
|
|
05/11/2009 |
New Accounts Filed |
|
|
05/11/2009 |
New Accounts Filed |
|
|
13/11/2008 |
New Accounts Filed |
|
|
Date |
Previous Name |
|
N/A |
FUNDIT COMPANY LIMITED |
|
08/12/1989 |
SYMPHONY INTERNATIONAL (IRELAND) LIMITED |
Received Documents
Writ Details
No writs found
|
Statistics |
|
Summary |
|
|
Group |
4 companies |
Holding Company |
BRANDWELL GROUP |
|
Linkages |
0 companies |
|
LIMITED |
|
Countries |
In 0 countries |
Ownership Status |
Wholly Owned |
|
|
|
Ultimate Holding Company |
BRANDWELL GROUP LIMITED |
|
|
|
|
|
|
|
Company Name |
Registered |
Latest Key |
Consol. |
Turnover |
|
|
Number |
Financials |
Accounts |
|
|
BRANDWELL GROUP LIMITED |
IE283844 |
31.12.2013 |
N |
|
|
BELLEVUE PROPERTIES LI... |
IE307974 |
31.03.2014 |
N |
|
|
BRANDWELL (IRL) LIMITED |
IE104370 |
31.12.2013 |
N |
|
|
TREND STREET UK LTD |
03888313 |
31.12.2013 |
|
|
|
|
|
|
|
Business Name |
Business No |
Business Status. |
|
BRANDWELL (IRL) LIMITED |
IE104370 |
|
|
BRANDWELL |
451444 |
NORMAL |
|
SYMPHONY IRELAND |
83837 |
NORMAL |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.74 |
|
|
1 |
Rs.99.53 |
|
Euro |
1 |
Rs.73.80 |
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.