MIRA INFORM REPORT

Report Date :

05.01.2011

IDENTIFICATION DETAILS

Name :	WHELAN FOOTWEAR DISTRIBUTORS

Registered Office :	Lisnasarancootehillco Cavanco Cavan

Country :	Ireland

Date of Incorporation :	09.12.1998

Com. Reg. No.:	IE298205

Legal Form :	Private Unlimited With Share Capital

Line of Business :	Wholesaler of Footwear, Men’s Shoes, Boots and Shoes, Leather

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 – June 30, 2010

Country Name

Previous Rating

(01.04.2010)

Current Rating

(30.06.2010)

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	WHELAN FOOTWEAR DISTRIBUTORS
Company Number	IE298205
Telephone Number	0495552118
Address	LISNASARAN, COOTEHILL, CO CAVAN, CO CAVAN
Town Code	178809
Company Type	PRIVATE UNLIMITED WITH SHARE CAPITAL
Incorporation Date	09/12/1998

Company Status Summary
Company Status	Financial Statements not filed / too old
Limit (€)	0
Active CCJ's	0
Value of CCJ's (€)	0
Writs	0

Director Summary
Directorships	3
Total Directorships	89

Date of Accounts (last 3 years filed)

No accounts filed for this company.

Accounts & Ratios

No accounts filed for this company.

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
12/11/2010	Annual Returns
16/11/2009	Annual Returns
26/10/2008	Annual Returns

Status History
No status history for this company.

Directors

Director
Directors Title
Name of Director	MARTIN WHELAN
Address of Director	OLDBRIDGE ROAD, COOTEHILL, CO.CAVAN
Postcode of Director
Date of Birth	05/06/1951
Nationality of Director
Director Honours
Present Appointments	34
Function	Company Secretary
Appointment Date	18/12/1998

Director
Directors Title
Name of Director	MARTIN WHELAN
Address of Director	OLDBRIDGE ROAD, COOTEHILL, CO.CAVAN
Postcode of Director
Date of Birth	05/06/1951
Nationality of Director
Director Honours
Present Appointments	34
Function	Director
Appointment Date	18/12/1998

Director
Directors Title
Name of Director	VINCENT WHELAN
Address of Director	STATIONROAD, COOTEHILL, CO.CAVAN
Postcode of Director
Date of Birth	12/08/1954
Nationality of Director
Director Honours
Present Appointments	21
Function	Director
Appointment Date	18/12/1998

Image Accounts

Accounts Images
12-10-2010
20-10-2009
24-09-2007
31-12-2007

Returns Images
12-10-2010
20-10-2009
24-09-2007
31-12-2007

Other Images
23-05-2008	G1 SPECIAL RESOLUTION
23-05-2008	AMENDED MEMORANDUM AND ARTICLES.
11-01-1999	G1Q CHANGE OF NAME SPECIAL RESOLUTION
11-01-1999	AMENDED MEMORANDUM AND ARTICLES.

Creditsafe CreditNet

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.84
UK Pound	1	Rs.69.32
Euro	1	Rs.59.79

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%)

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	WHELAN FOOTWEAR DISTRIBUTORS
Company Number	IE298205
Registered Office Address	LISNASARANCOOTEHILLCO CAVANCO CAVAN
Registered Office Post Code	178809
Registered Telephone No.	0495552118
TPS Registered	Y
Trading Address
Trading Postal Code	178809
Trading Telephone Number
TPS Registered	N

Auditor/Banker's Information
Auditor Name
Auditor Qualification
Banker Name
Banker Sort Code

Other Information
Website Address
Incorporation Date	09/12/1998
Company Type	PRIVATE UNLIMITED WITH SHARE CAPITAL
Type of Accounts	Not available
Date of Latest Accounts	31/12/1999
Filing Date of Accounts
Annual Return Date	24/09/2010

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	8
Currency of Share	EUR

Name of Shareholder	COLTWAY LTD
Nominal Value of each Share
Currency of Share	EUR

Industry Information
Industry Description
Wholesaler of Footwear, Men’s Shoes, Boots and Shoes, Leather