|
|
|
MIRA
INFORM REPORT
|
Report No. : |
507122 |
|
Report Date : |
07.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
PHILIP
J. DIX & CO. LIMITED |
|
|
|
|
Registered Office : |
6 Aston
Quay, Dublin 2, 662881 |
|
|
|
|
Country : |
Ireland |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
08.07.1975
|
|
|
|
|
Com. Reg. No.: |
IE052028
|
|
|
|
|
Legal Form : |
Ltd -
Private Company Limited by Shares |
|
|
|
|
Line of Business : |
Not Available [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
|
|
|
|
No. of Employees : |
Not available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Ireland |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 25% in 2015. In late 2014, the government introduced a fiscally neutral budget, marking the end of the austerity program. Continued growth of tax receipts has allowed the government to lower some taxes and increase public spending while keeping to its deficit-reduction targets. In 2015, GDP growth exceeded 26%. This increase reflected one-off statistical revisions, multinational corporate restructurings, and the aircraft leasing sector, rather than gains in the on the ground economy. Growth moderated to around 4.1% in 2017, but the recovering economy assisted lowering the deficit to 0.6% of GDP.
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% and a talented pool of high-tech laborers have been key factors in encouraging business investment. Loose tax residency requirements made Ireland a common destination for international firms seeking to avoid taxation. In 2014, amid growing international pressure, the government announced it would phase in more stringent tax laws, effectively closing a commonly used loophole.
|
Source
: CIA |
Company name and address
Company
Name: PHILIP J. DIX & CO.
LIMITED
Company
No: IE052028
Company
Status: Active - Accounts
Filed
Status Active
Registered
Address: 6 ASTON QUAYDUBLIN
2662881
Company Name
PHILIP J.
DIX & CO. LIMITED
Company Number
IE052028
Company Summary
Registered Address 6 ASTON QUAY
DUBLIN 2
662881
Trading Address 6 ASTON QUAY
DUBLIN 2
DUBLIN 2
216410
Website
Address -
Eircode D02RX23
VAT
Number -
Telephone
Number -
Fax
Number
TPS -
FPS Yes
Incorporation
Date 08/07/1975
Previous
Name
Type LTD - PRIVATE COMPANY LIMITED BY SHARES
FTSE
Index -
Date of
Change -
Filing
Date of Accounts -
Currency EUR
Share
Capital €10,478
SIC07
Charity
Number -
SIC07
Description
Principal
Activity
Nace Code
-
Nace
Description -
Additional Information
CJ's 0 (€0)
No CJ Information To Display
Ultimate
Holding Company -
Accountant
-
Mortgages
0
Group 0 companies
Linkages 0 companies
Countries
In 0 countries
Key Financials
Year to
Date Turnover Pre Tax Profit Shareholder's
Funds Employees
31/12/2016
- -
€2,249,863
17
31/12/2015
- -
€2,136,539
14
31/12/2014
- -
€2,036,512 14
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
exact match CCJs are recorded against the company. |
|
Net
Worth increased by 5.3% during the latest trading period. |
|
A 3.2%
growth in Total Assets occurred during the latest trading period. |
|
The
company saw an increase in their Cash Balance of 9.3% during the latest
trading period. |
|
The
audit report contains no adverse comments. |
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 |
3 |
Total
Current Secretaries |
1 |
|
Total
Previous Directors / Company Secretaries |
2 |
Current Directors
|
Title |
Function |
Director |
|
|
Name |
MICHAEL
DIX |
Nationality |
|
|
Date of
Birth |
10/1954 |
Present
Appointments |
1 |
|
Latest
Address |
21
BUTTERFIELD PARK, RATHFARNHAM, DUBLIN 14 |
Appointment
Date |
09/07/1975 |
|
Eircode |
|||
|
Title |
Function |
Director |
|
|
Name |
PHILIP
DIX JNR |
Nationality |
|
|
Date of
Birth |
03/1953 |
Present
Appointments |
1 |
|
Latest
Address |
53
LARAGHCON, LUCAN, CO. DUBLIN |
Appointment
Date |
09/07/1975 |
|
Eircode |
|||
|
Title |
Function |
Director |
|
|
Name |
RICHARD
DIX |
Nationality |
|
|
Date of
Birth |
01/1960 |
Present
Appointments |
1 |
|
Latest
Address |
13 THE
ORCHARD, STONEPARK ABBEY, GRANGE ROAD, RATHFARNHAM DUBLIN 14 |
Appointment
Date |
27/11/1984 |
|
Eircode |
|||
Current Company Secretary
|
Title |
Function |
Company
Secretary |
|
|
Name |
PHILIP
J DIX |
Nationality |
|
|
Date of
Birth |
03/1953 |
Present
Appointments |
1 |
|
Latest
Address |
BLACKROCK
TERRACE, BANTRY, CO. CORK. |
Appointment
Date |
09/10/2006 |
|
Eircode |
|||
|
Other
Actions |
Authorised Person
Top
Shareholders
|
Name |
Currency |
Share
Count |
Share
Type |
Nominal
Value |
% of
Total Share Count |
|
|
RICHARD
DIX |
EUR |
2,750 |
ORDINARY
|
1.27 |
33.33 |
|
|
PHILIP
DIX JNR |
EUR |
2,750 |
ORDINARY
|
1.27 |
33.33 |
|
|
MICHAEL
DIX |
EUR |
2,750 |
ORDINARY
|
1.27 |
33.33 |
|
Financials
Profit
& Loss
|
Date Of
Accounts |
31/12/16 |
(%) |
31/12/15 |
(%) |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
|
|
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 |
€674,414 |
6.6% |
€632,764 |
-2.7% |
€650,607 |
- |
- |
- |
- |
|
|
Directors
Emoluments |
€377,081 |
-4.8% |
€395,996 |
-2.3% |
€405,158 |
- |
- |
- |
- |
|
|
Operating
Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Depreciation |
- |
- |
- |
- |
€11,450 |
-2.6% |
€11,760 |
159.4% |
€4,533 |
|
|
Audit Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Interest
Payments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Pre Tax
Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Taxation |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Profit
After Tax |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Dividends
Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Retained
Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Balance
Sheet
|
Date Of
Accounts |
31/12/16 |
(%) |
31/12/15 |
(%) |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
|
|
|
Tangible
Assets |
€13,644 |
55.2% |
€8,793 |
-52.5% |
€18,496 |
-37.3% |
€29,507 |
67.2% |
€17,653 |
|
|
Intangible
Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total
Fixed Assets |
€13,644 |
55.2% |
€8,793 |
-52.5% |
€18,496 |
-37.3% |
€29,507 |
67.2% |
€17,653 |
|
|
Stock |
€1,103,349 |
15.3% |
€956,860 |
-8.4% |
€1,044,692 |
1% |
€1,034,776 |
7.2% |
€965,669 |
|
|
Trade
Debtors |
€1,297,954 |
-7.2% |
€1,398,408 |
17.3% |
€1,192,206 |
7% |
€1,114,012 |
-7.6% |
€1,206,100 |
|
|
Cash |
€424,517 |
9.3% |
€388,349 |
4.4% |
€371,910 |
-32.1% |
€547,433 |
-3.2% |
€565,305 |
|
|
Other
Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Miscellaneous
Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total
Current Assets |
€2,825,820 |
3% |
€2,743,617 |
5.2% |
€2,608,808 |
-3.2% |
€2,696,221 |
-1.5% |
€2,737,074 |
|
|
Trade
Creditors |
€394,297 |
6.2% |
€371,135 |
207.6% |
€120,661 |
-13.7% |
€139,778 |
30% |
€107,515 |
|
|
Bank
Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Other
Short Term Finance |
€195,304 |
-20.2% |
€244,736 |
-8.5% |
€267,513 |
-20.1% |
€334,825 |
0.5% |
€333,287 |
|
|
Miscellaneous
Current Liabilities |
0 |
- |
0 |
-100% |
€202,618 |
5.4% |
€192,208 |
12.3% |
€171,204 |
|
|
Total
Current Liabilities |
€589,601 |
-4.3% |
€615,871 |
4.2% |
€590,792 |
-11.4% |
€666,811 |
9% |
€612,006 |
|
|
Bank
Loans & Overdrafts and LTL |
0 |
- |
0 |
- |
0 |
-100% |
€29,226 |
-69.6% |
€96,178 |
|
|
Other
Long Term Finance |
0 |
- |
0 |
- |
0 |
-100% |
€5,048 |
- |
0 |
|
|
Total
Long Term Liabilities |
0 |
- |
0 |
- |
0 |
-100% |
€29,226 |
-69.6% |
€96,178 |
.
Capital
& Reserves
|
Date Of
Accounts |
31/12/16 |
(%) |
31/12/15 |
(%) |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
|
|
|
Called
Up Share Capital |
€10,477 |
- |
€10,477 |
- |
€10,477 |
- |
€10,477 |
- |
€10,477 |
|
|
P &
L Account Reserve |
€2,239,386 |
5.3% |
€2,126,062 |
4.9% |
€2,026,035 |
0.3% |
€2,019,214 |
-0.8% |
€2,036,066 |
|
|
Revaluation
Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Sundry
Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Shareholder
Funds |
€2,249,863 |
5.3% |
€2,136,539 |
4.9% |
€2,036,512 |
0.3% |
€2,029,691 |
-0.8% |
€2,046,543 |
Other
Financial Items
|
Date Of
Accounts |
31/12/16 |
(%) |
31/12/15 |
(%) |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
|
|
|
Net
Worth |
€2,249,863 |
5.3% |
€2,136,539 |
4.9% |
€2,036,512 |
0.3% |
€2,029,691 |
-0.8% |
€2,046,543 |
|
|
Working
Capital |
€2,236,219 |
5.1% |
€2,127,746 |
5.4% |
€2,018,016 |
-0.6% |
€2,029,410 |
-4.5% |
€2,125,068 |
|
|
Total
Assets |
€2,839,464 |
3.2% |
€2,752,410 |
4.8% |
€2,627,304 |
-3.6% |
€2,725,728 |
-1.1% |
€2,754,727 |
|
|
Total
Liabilities |
€589,601 |
-4.3% |
€615,871 |
4.2% |
€590,792 |
-15.1% |
€696,037 |
-1.7% |
€708,184 |
|
|
Net
Assets |
€2,249,863 |
5.3% |
€2,136,539 |
4.9% |
€2,036,512 |
0.3% |
€2,029,691 |
-0.8% |
€2,046,543 |
Miscellaneous
|
Date Of
Accounts |
31/12/16 |
(%) |
31/12/15 |
(%) |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
|
|
Contingent
Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
|
|
Capital
Employed |
€2,249,863 |
5.3% |
€2,136,539 |
4.9% |
€2,036,512 |
-1.1% |
€2,058,917 |
-3.9% |
€2,142,721 |
|
|
Number
of Employees |
17 |
21.4% |
14 |
- |
14 |
- |
- |
- |
- |
|
Accountants |
||||||||||
|
Auditors |
GRANT
SUGRUE & COMPANY |
|||||||||
|
Auditor
Comments |
The
audit report contains no adverse comments |
|||||||||
|
Bankers |
ALLIED
IRISH BANK PLC |
|||||||||
|
Bank
Branch Code |
90-26-02 |
|||||||||
Ratios
|
Date Of
Accounts |
31/12/16 |
31/12/15 |
31/12/14 |
31/12/13 |
31/12/12 |
|
|
|
Pre-tax
profit margin % |
- |
- |
- |
- |
- |
|
|
Current
ratio |
4.79 |
4.45 |
4.42 |
4.04 |
4.47 |
|
|
Sales/Net
Working Capital |
- |
- |
- |
- |
- |
|
|
Gearing
% |
0 |
0 |
0 |
1.40 |
4.70 |
|
|
Equity
in % |
79.20 |
77.60 |
77.50 |
74.50 |
74.30 |
|
|
Creditor
Days |
- |
- |
- |
- |
- |
|
|
Debtor
Days |
- |
- |
- |
- |
- |
|
|
Liquidity/Acid
Test |
2.92 |
2.90 |
2.64 |
2.49 |
2.89 |
|
|
Return
On Capital Employed % |
- |
- |
- |
- |
- |
|
|
Return
On Total Assets Employed % |
- |
- |
- |
- |
- |
|
|
Current
Debt Ratio |
0.26 |
0.28 |
0.29 |
0.32 |
0.29 |
|
|
Total
Debt Ratio |
0.26 |
0.28 |
0.29 |
0.34 |
0.34 |
|
|
Stock
Turnover Ratio % |
- |
- |
- |
- |
- |
|
|
Return
on Net Assets Employed % |
- |
- |
- |
- |
- |
Report
Notes
|
There are no notes to display. |
Status History
|
No
Status History found |
Event History
|
Date |
Description |
|
10/11/2017 |
Annual
Returns |
|
10/11/2017 |
New
Accounts Filed |
|
05/12/2016 |
New
Accounts Filed |
|
05/12/2016 |
New
Accounts Filed |
|
03/12/2016 |
Annual
Returns |
|
16/10/2015 |
New
Accounts Filed |
|
15/10/2015 |
Annual
Returns |
|
22/10/2014 |
New
Accounts Filed |
|
15/10/2013 |
New
Accounts Filed |
|
12/10/2013 |
Annual
Returns |
|
10/10/2012 |
New
Accounts Filed |
|
09/10/2012 |
Annual
Returns |
|
11/10/2011 |
New
Accounts Filed |
|
11/10/2011 |
New
Accounts Filed |
|
10/10/2011 |
Annual
Returns |
Previous
Company Names
|
No
Previous Names found |
|
No
writs found |
Statistics
|
Group |
- |
|
Linkages |
0
companies |
|
Countries |
In 0
countries |
Summary
|
Holding
Company |
- |
|
Ownership
Status |
|
|
Ultimate
Holding Company |
- |
Group
Structure
|
|
Group |
0
companies |
|
Linkages
|
0
companies |
|
Countries
|
In 0
countries |
Previous Director/Company Secretaries
|
Name |
Current
Active Appointments |
Previous
Appointments |
Dissolved
Companies |
|
JAMES
DIX |
0 |
2 |
0 |
|
JAMES
DIX |
0 |
2 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 66.78 |
|
|
1 |
INR 90.58 |
|
Euro |
1 |
INR 79.97 |
|
GBP |
1 |
INR 90.91 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
SYL |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.