MIRA INFORM REPORT

Report Date :

09.04.2011

IDENTIFICATION DETAILS

Name :	CELESTIAL EX-IM TRADING 3 LIMITED

Registered Office :	Aviation House, Shannon, Co Clare, Co. Clare 999924

Country :	Ireland

Financials (as on) :	31.12.2009

Date of Incorporation :	10.09.2009

Com. Reg. No.:	IE475169

Legal Form :	Single Member Private Company Limited By Shares

Line of Business :	Leasing of aircraft

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	(€) 500
Status :	Moderate
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, 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	CELESTIAL EX-IM TRADING 3 LIMITED
Company Number	IE475169
Telephone Number
Address	AVIATION HOUSE, SHANNON, CO CLARE, CO. CLARE
Town Code	999924
Company Type	SINGLE MEMBER PRIVATE COMPANY LIMITED BY SHARES
Incorporation Date	10/09/2009

Company Status Summary
Company Status	Active - Accounts Filed
Limit (€)	500
Active CCJ's	0
Value of CCJ's (€)	0
Writs	0

Director Summary
Directorships	5
Total Directorships	47

Financial Information
Date	31/12/2009
Currency	NaN
Turnover	596,704
Shareholder Equity	-11,793
Number of employees	0

Accounts & Ratios

Period
Date From	10/09/2009
Date To	31/12/2009
Period of Month	4
Currency	EUR
Profit & Loss
Consolidated Accounts	N
Turnover	596,704
Export	0
Cost of Sales	-
Gross Profit	-
Operating Profit	-13,365
Pre-Tax Profit	-13,365
Tax	1,572
Post-Tax Profit	-11,793
Dividends	0
Retained Profit	-11,793
Interest Payable	0
Directors Remuneration	0
Wages & Salaries	0
Depreciation of Tangibles	259,436
Auditor Fees	0

Capitals & Reserves
Called up Share Capital	0
P&L Account Reserve	-11,793
Sundry Reserves	0
Revaluation Reserve	0
Shareholder Funds	-11,793
Net Worth	-11,793

Miscellaneous
Net Cashflow from Operations	0
Net Cashflow before Financing	0
Net Cashflow from Financing	0
Capital Employed	20,407,425
No of Employees	0

Balance Sheet
Tangible Assets	31,679,544
Intangible Assets	0
Total Fixed Assets	31,679,544
Stocks & Work-in-Progress	0
Debtors
- Trade Debtors	15,723
Cash	0
Misc. Current Assets	0
Total Current Assets
Creditors
- Trade Creditors	0
- Bank Overdraft	0
Increase in Cash	0
Total Current Liabilities	11,975,742
Other Short Term Loans	11,846,024
Miscellaneous Current Liabilities	129,718
Other Long Term Finance	20,419,218
Total Long Term Liabilities	20,419,218
Overdraft Long Term Liabilities	20,419,218
Liabilities	32,394,960
Net Assets	-11,793
Working Capital	-11,272,119
Current Assets	703,623
Other Current Assets	687,900

Ratios
Date To	31/12/2009
Trading Performance
Pre-Tax Profit Margin	-2.2 %
Return on Capital Employed	-0.1 %
Return on Total Assets Employed	0.0 %
Return on Net Assets Employed	113.3 %
Sales/Net Working Capital	-0.05
Operating Efficiency
Stock Turnover Ratio	0.0%
Debtor Days	9.62
Creditor Days	0.00
Short Term Stability
Current Ratio	0.06
Liquidity Ratio/Acid Ratio	0.05
Current Debt Ratio	-1015.5 %
Long Term Stability
Gearing	-173153.4 %
Equity in Percentage	0.0 %
Total Debt Ratio	-2747.1 %

CCJ Summary

CCJ Summary
CCJ's Amount	0
CCJ's Value (€)	0
Writs	0

Record of Payments

No record of payments for company.

Group Structure

No Group Structure for this company.

Company History

Event History
Date	Description
22/09/2010	Annual Returns
21/09/2010	New Accounts Filed
29/03/2010	JOHN LUDDEN has resigned as company secretary
29/03/2010	New Company Secretary (BERNIE DUNWORTH) appointed
22/03/2010	Annual Returns
04/03/2010	New Board Member (CATHERINE QUINLAN) appointed
30/01/2010	JOHN CUNNINGHAM has left the board
15/09/2009	New Board Member (PATRICK JOSEPH KEATING) appointed
10/09/2009	New Board Member (JOHN CUNNINGHAM) appointed
10/09/2009	New Board Member (DIARMUID HYDE) appointed
10/09/2009	New Company Secretary (JOHN LUDDEN) appointed
10/09/2009	New Board Member (PAULETTE MAIRE ROCHE) appointed

Status History
No status history for this company.

Directors

Director
Directors Title
Name of Director	BERNIE DUNWORTH
Address of Director	20A FITZHAVEN SQUARE, SOUTH CIRCULAR ROAD, LIMERICK
Postcode of Director
Date of Birth
Nationality of Director
Director Honours
Present Appointments	1
Function	Company Secretary
Appointment Date	29/03/2010

Director
Directors Title
Name of Director	DIARMUID HYDE
Address of Director	MURDEIRA, LEMONFIELD, CRECORA, CO LIMERICK
Postcode of Director
Date of Birth	13/09/1959
Nationality of Director
Director Honours
Present Appointments	0
Function	Director
Appointment Date	10/09/2009

Director
Directors Title
Name of Director	PATRICK JOSEPH KEATING
Address of Director	MACKNEY O'BRIEN, NEWPORT, CO TIPPERARY
Postcode of Director
Date of Birth	02/03/1967
Nationality of Director
Director Honours
Present Appointments	23
Function	Director
Appointment Date	15/09/2009

Director
Directors Title
Name of Director	PAULETTE MAIRE ROCHE
Address of Director	TOBARTAOSCAIN, ENNIS, CO CLARE
Postcode of Director
Date of Birth	29/08/1966
Nationality of Director
Director Honours
Present Appointments	9
Function	Director
Appointment Date	10/09/2009

Director
Directors Title
Name of Director	CATHERINE QUINLAN
Address of Director	70, KILBANE, GOLF LINKS ROAD, CASTLETROY, LIMERICK
Postcode of Director
Date of Birth	12/12/1958
Nationality of Director
Director Honours
Present Appointments	14
Function	Director
Appointment Date	04/03/2010

Image Accounts

Accounts Images
31-12-2009

Returns Images
11-03-2010
31-12-2009

Other Images
06-04-2010	B10 CHANGE IN DIRS/SEC
01-04-2010	C1 MORT/ CHARGE CREATED BY IRISH COMPANY
01-04-2010	C1 MORT/ CHARGE CREATED BY IRISH COMPANY
01-04-2010	CERTIFICATE
01-04-2010	CERTIFICATE
08-03-2010	B10 CHANGE IN DIRS/SEC
23-02-2010	B10 CHANGE IN DIRS/SEC
20-01-2010	G1 SPECIAL RESOLUTION
20-01-2010	AMENDED MEMORANDUM AND ARTICLES.
18-09-2009	B10 CHANGE IN DIRS/SEC
09-09-2009	CERTIFICATE
09-09-2009	A1 APPLICATION TO REGISTER AS A NEW COMPANY,
09-09-2009	MEMORANDUM AND ARTICLES

Creditsafe CreditNet

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.04
UK Pound	1	Rs.72.20
Euro	1	Rs.63.40

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	CELESTIAL EX-IM TRADING 3 LIMITED
Company Number	IE475169
Registered Office Address	AVIATION HOUSESHANNONCO CLARECO. CLARE
Registered Office Post Code	999924
Registered Telephone No.
TPS Registered	N
Trading Address
Trading Postal Code
Trading Telephone Number
TPS Registered

Auditor/Banker's Information
Auditor Name	KPMG
Auditor Qualification	No Adverse Comments
Banker Name
Banker Sort Code

Other Information
Website Address
Incorporation Date	10/09/2009
Company Type	SINGLE MEMBER PRIVATE COMPANY LIMITED BY SHARES
Type of Accounts	Full Accounts
Date of Latest Accounts	31/12/2009
Filing Date of Accounts
Annual Return Date	06/09/2010

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	1
Currency of Share	USD

Name of Shareholder	GECAS EX-IM TRADING LTD
Nominal Value of each Share
Currency of Share	USD

Industry Information
Industry Description	Leasing of aircraft. Accounts data converted from US Dollars. T/O = Income.