MIRA INFORM REPORT

Report Date :

08.04.2011

IDENTIFICATION DETAILS

Name :	TREDSTEP IRELAND LIMITED

Registered Office :	Spruce Lodgekiltiernancodublin Co.Dublin, Zip Code 496407

Country :	Ireland

Financials (as on) :	31.12.2009

Date of Incorporation :	27.01.1994

Com. Reg. No.:	IE212304

Legal Form :	Private Limited By Shares

Line of Business :	----

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 – December 31, 2010

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

Ireland

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company Summary

Company Summary
Company Name	TREDSTEP IRELAND LIMITED
Company Number	IE212304
Telephone Number	012950598
Address	SPRUCE LODGE, KILTIERNAN, CODUBLIN , CO.DUBLIN .
Town Code	496407
Company Type	PRIVATE LIMITED BY SHARES
Incorporation Date	27/01/1994

Company Status Summary
Company Status	Active - Accounts Filed
Limit (€)	5,000
Active CCJ's	1
Value of CCJ's (€)	3,025
Writs	0

Director Summary
Directorships	3
Total Directorships	10

Financial Information
Date	31/12/2009	%	31/12/2008	%	31/12/2007
Currency	NaN		NaN		NaN
Turnover	0	-	0	-	0
Shareholder Equity	242,913	-9.8%	269,304	4.0%	258,824
Number of employees	0	-	0	-	0

Accounts & Ratios

Period
Date From	01/01/2009	%	02/01/2008	%	01/01/2007
Date To	31/12/2009	-	31/12/2008	-	31/12/2007
Period of Month	12	-	12	-	12
Currency	EUR	-	EUR	-	EUR
Profit & Loss
Consolidated Accounts	N	-	N	-	N
Turnover	0	-	0	-	0
Export	-	-	-	-	-
Cost of Sales	-	-	-	-	-
Gross Profit	-	-	-	-	-
Operating Profit	-	-	-	-	-
Pre-Tax Profit	0	-	0	-	0
Tax	-	-	-	-	-
Post-Tax Profit	-	-	-	-	-
Dividends	-	-	-	-	-
Retained Profit	-	-	-	-	-
Interest Payable	-	-	-	-	-
Directors Remuneration	-	-	-	-	-
Wages & Salaries	-	-	-	-	-
Depreciation of Tangibles	-	-	-	-	-
Auditor Fees	0	-	0	-	0

Capitals & Reserves
Called up Share Capital	49,532	0.0%	49,532	0.0%	49,532
P&L Account Reserve	15,871	-62.4%	42,262	33.0%	31,782
Sundry Reserves	177,510	0.0%	177,510	0.0%	177,510
Revaluation Reserve	0	-	0	-	0
Shareholder Funds	242,913	-9.8%	269,304	4.0%	258,824
Net Worth	242,913	-9.8%	269,304	4.0%	258,824

Miscellaneous
Net Cashflow from Operations	0	-	0	-	0
Net Cashflow before Financing	0	-	0	-	0
Net Cashflow from Financing	0	-	0	-	0
Capital Employed	242,913	-9.8%	269,304	4.0%	258,824
No of Employees	0	-	0	-	0

Balance Sheet
Tangible Assets	10,146	-42.7%	17,701	-42.5%	30,776
Intangible Assets	0	-	0	-	0
Total Fixed Assets	10,146	-42.7%	17,701	-42.5%	30,776
Stocks & Work-in-Progress	326,314	23.5%	264,328	-1.1%	267,301
Debtors
- Trade Debtors	172,349	-5.7%	182,679	-12.2%	208,007
Cash	4,278	-50.3%	8,602	-29.1%	12,138
Misc. Current Assets	0	-	0	-	0
Total Current Assets
Creditors
- Trade Creditors	228,761	23.5%	185,270	-22.6%	239,287
- Bank Overdraft	0	-	0	-	0
Increase in Cash	-4,324	-22.3%	-3,536	-	0
Total Current Liabilities	270,174	32.4%	204,006	-21.4%	259,398
Other Short Term Loans	0	-	0	-	0
Miscellaneous Current Liabilities	41,413	121.0%	18,736	-6.8%	20,111
Other Long Term Finance	0	-	0	-	0
Total Long Term Liabilities	0	-	0	-	0
Overdraft Long Term Liabilites	0	-	0	-	0
Liabilities	270,174	32.4%	204,006	-21.4%	259,398
Net Assets	242,913	-9.8%	269,304	4.0%	258,824
Working Captial	232,767	-7.5%	251,603	10.3%	228,048
Current Assets	502,941	10.4%	455,609	-6.5%	487,446
Other Current Assets	0	-	0	-	0

Ratios
Date To	31/12/2009	%	31/12/2008	%	31/12/2007
Trading Performance
Pre-Tax Profit Margin	0.0%	-	0.0%	-	0.0%
Return on Capital Employed	0.0%	-	0.0%	-	0.0%
Return on Total Assets Employed	0.0%	-	0.0%	-	0.0%
Return on Net Assets Employed	0.0%	-	0.0%	-	0.0%
Sales/Net Working Capital	0.00	-	0.00	-	0.00
Operating Efficiency
Stock Turnover Ratio	0.0%	-	0.0%	-	0.0%
Debtor Days	0.00	-	0.00	-	0.00
Creditor Days	0.00	-	0.00	-	0.00
Short Term Stability
Current Ratio	1.86	-	2.23	-	1.88
Liquidity Ratio/Acid Ratio	0.65	-	0.93	-	0.85
Current Debt Ratio	1.1 %	-	0.8 %	-	1.0 %
Long Term Stability
Gearing	0.0 %	-	0.0 %	-	0.0 %
Equity in Percentage	47.3 %	-	56.9 %	-	49.9 %
Total Debt Ratio	1.1 %	-	0.8 %	-	1.0 %

CCJ Summary

CCJ Summary
CCJ's Amount	3,025
CCJ's Value (€)	1
Writs	0

Record of Payments

Case Number	2008D05537
Date of CCJs	26/06/2008
Date Paid
Court	Dublin
Status	JG
Amount	3025
Case Number	2009D16457
Date of CCJs	11/03/2010
Date Paid
Court	Dublin
Status	JG
Amount	2493

Group Structure

No Group Structure for this company.

Company History

Event History
Date	Description
02/10/2010	Annual Returns
02/10/2010	New Accounts Filed
07/10/2009	New Accounts Filed
06/10/2009	Annual Returns
15/10/2008	Annual Returns
15/10/2008	New Accounts Filed

Status History
No status history for this company.

Directors

Director
Directors Title
Name of Director	JACQUELINE CAREY
Address of Director	THE OLD YARD, KILTERNAN, DUBLIN 18
Postcode of Director
Date of Birth	06/08/1961
Nationality of Director
Director Honours
Present Appointments	2
Function	Director
Appointment Date	29/01/1994

Director
Directors Title
Name of Director	AIDAN KEOGH
Address of Director	THE OLD YARD, KILTERNAN, DUBLIN 18
Postcode of Director
Date of Birth	18/09/1967
Nationality of Director
Director Honours
Present Appointments	4
Function	Company Secretary
Appointment Date	29/01/1994

Director
Directors Title
Name of Director	AIDAN KEOGH
Address of Director	THE OLD YARD, KILTERNAN, DUBLIN 18
Postcode of Director
Date of Birth	18/09/1967
Nationality of Director
Director Honours
Present Appointments	4
Function	Director
Appointment Date	29/01/1994

Image Accounts

Accounts Images
31-12-2009
31-12-2008
31-12-2007

Returns Images
31-12-2009
31-12-2008
31-12-2007

Other Images
17-06-2008	B10 CHANGE IN DIRS/SEC

Creditsafe CreditNet

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.22
UK Pound	1	Rs.71.97
Euro	1	Rs.63.23

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

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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

Address Information
Company Name	TREDSTEP IRELAND LIMITED
Company Number	IE212304
Registered Office Address	SPRUCE LODGEKILTIERNANCODUBLIN CO.DUBLIN .
Registered Office Post Code	496407
Registered Telephone No.	012950598
TPS Registered	N
Trading Address
Trading Postal Code
Trading Telephone Number
TPS Registered

Auditor/Banker's Information
Auditor Name
Auditor Qualification	No Adverse Comments
Banker Name	BANK OF IRELAND
Banker Sort Code

Other Information
Website Address
Incorporation Date	27/01/1994
Company Type	PRIVATE LIMITED BY SHARES
Type of Accounts	Small Company
Date of Latest Accounts	31/12/2009
Filing Date of Accounts
Annual Return Date	31/07/2010

Mortgage Information
Mortgages(s) Outstanding	0
Mortgages(s) Satisfied	0

Mortgage Type
Date Charge Created
Date Charge Registered
Date Charge Satisfied
Status
Person(s) Entitled
Amount Secured
Details

Shareholders information
Shares Held	49,532
Currency of Share	EUR

Name of Shareholder	AIDAN KEOGH
Nominal Value of each Share
Currency of Share	EUR

Industry Information
Industry Description