MIRA INFORM REPORT

Report Date :

22.07.2011

IDENTIFICATION DETAILS

Name :	DUBARRY SHOES LIMITED

Registered Office :	Glentaun, Ballinasloe Co Galway Co. Galway., Post Code 41205

Country :	Ireland

Financials (as on) :	30.11.2010

Date of Incorporation :	16.03.1983

Com. Reg. No.:	IE093696

Legal Form :	Limited Company

Line of Business :	Manufacture of Other Wearing Apparel

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 :	Poor
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 – March 31^st, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Ireland

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

Bottom of Form

REGISTERED NAME & COMPANY SUMMARY

Name

DUBARRY SHOES LIMITED

Number

IE093696

company summary

		Type	Other
Address	GLENTAUN, BALLINASLOE, CO GALWAY, CO. GALWAY.	Company Status	Section 17 (Southern Ireland)
Town Code	41205	Incorporated Date	16/03/1983

company information

	Registered Address
	NDD	N
	Address
	GLENTAUN BALLINASLOE CO GALWAY CO. GALWAY.

Web Address		Incorporation Date	16/03/1983
Type of Accounts	Group	Filing Date of Accounts
Company Type	Other	Date of Latest Accounts	30/11/2010
Annual Return	12/06/2011

CREDIT RECOMENDATION

Current Credit Limit: No credit limit recommended.

DIRECTORS/MANAGEMENT

---

NEGATIVE INFORMATION

ccj's

	Exact Active CJ's	0
	Exact Value of CJ's [€]	€0
	Possible Active CJ's	0

Unregistered

CJ's
Year	Exact CJ's	Possible CJ's

EXACT CJ DETAILS

	Date	Court	Amount	Status	Case Number	Date Paid

POSSIBLE CJ DETAILS
Possible CCJ matches show CCJs that may be matched to a company based on various criteria such as similar trading names or addresses. This data is provided for your information only as an aid to decision-making and does not affect a company’s rating.

Date

Court

Amount

Status

Case Number

Date Paid

Incoming Record Details

SHARE & SHARE CAPITAL INFORMATION

Shareholders Details

	Name	Shares
	Glentawn Holdings Ltd	368,400 Ordinary Eur 1.25

The documents below have been received by CRO but are currently unavailable to view.

Document Description	Status	CRO Registered Date
B1c Annual Return - General	Received	23/06/2011
B1c Annual Return - General	Received	23/06/2011

PAYMENT INFORMATION

GROUP STRUCTURE & AFFILIATED COMPANIES

directors

View Previous Directors

Name	PAUL MC KEE	View Consumer Report
Address	14 LONDON ROAD SOUTH
	MERSTHAM,
	REDHILL
	SURREY RHI 3DT, UK
Officers Title		Date Of Birth	14/01/1958
Honours		Present Appointments	1
Appointment Date	13/02/2007	Function	Director

Name	SEAN OG HURLEY	View Consumer Report
Address	BEECHWOOD
	GARBALLY
	BALLINASLOE
	COUNTY GALWAY
Officers Title		Date Of Birth	07/12/1946
Honours		Present Appointments	1
Appointment Date	17/02/1997	Function	Director

Name	MICHAEL WALSH	View Consumer Report
Address	5 ROSEDALE
	TAYLORS HALL
	GALWAY
Officers Title		Date Of Birth	25/07/1964
Honours		Present Appointments	4
Appointment Date	17/02/1997	Function	Director

Name	EAMONN FAGAN	View Consumer Report
Address	BADGERS HILL,
	BARRYMORE,
	ATHLONE,
	CO. ROSCOMMON
Officers Title		Date Of Birth	04/04/1954
Honours		Present Appointments	7
Appointment Date	21/06/1983	Function	Director

Name	MICHAEL LARKIN	View Consumer Report
Address	CARANATHOMAS,
	CRAUGHWELL,
	CO. GALWAY
Officers Title		Date Of Birth	17/12/1958
Honours		Present Appointments	16
Appointment Date	17/06/1985	Function	Company Secretary

Name	MICHAEL LARKIN	View Consumer Report
Address	CARANATHOMAS,
	CRAUGHWELL,
	CO. GALWAY
Officers Title		Date Of Birth	17/12/1958
Honours		Present Appointments	16
Appointment Date	24/04/1987	Function	Director

Name	BRIAN GERAGHTY	View Consumer Report
Address	CLEAGHMORE,
	GARBALLY,
	BALLINASLOE, CO. GALWAY.
Officers Title		Date Of Birth	26/03/1960
Honours		Present Appointments	2
Appointment Date	13/02/2007	Function	Director

group structure

Ultimate Holding Company
Safe Number	Company Name	Company Number
IE00363959	GLENTAWN INVESTMENTS LIMITED	IE371838

	Summary
	Group - Number of companies:	6
	Linkages - Number of companies:	0
	Number of Countries:	0

Company Name	Safe Number	Number	Latest Key Financials	Rating	Limit
GLENTAWN INVESTMENTS LIMITED	IE00363959	IE371838	11/30/2010	95	€475,000	IRELAND
GLENTAWN HOLDINGS LIMITED	IE00074163	IE080031	11/30/2010	N/R	-	IRELAND
DUBARRY SHOEMAKERS, LIMITED	IE00003587	IE009379	11/30/2010	N/R	-	IRELAND
GLENTAWN SPORTS & LEISURE ...	IE00023910	IE029773	11/30/2010	N/R	-	IRELAND
DUBARRY SHOES LIMITED	IE00087828	IE093696	11/30/2010	N/R	-	IRELAND
SUNLIT PROPERTIES LIMITED	IE00289472	IE295418	11/30/2010	N/R	-	IRELAND

Business Name	Business No.	Business Status
DUBARRY SHOES LIMITED	IE93696	N/A
DUBARRY OF IRELAN	355635	Normal

FINANCIAL INFORMATION

accounts

profit & loss

Annual Accounts	12/09-11/10	Change (%)	12/08-11/09	Change (%)	12/07-11/08
Months	12	-	12	-	12
Currency	EUR	-	EUR	-	EUR
Consolidated A/cs	Y	-	Y	-	N
Turnover	-	-	-	-	-
Export	-	-	-	-	-
Cost of Sales	-	-	-	-	-
Gross Profit	-	-	-	-	-
Wages & Salaries	-	-	-	-	-
Directors Emoluments	-	-	-	-	-
Operating Profits	-	-	-	-	-
Depreciation	-	-	-	-	-
Audit Fees	-	-	-	-	-
Interest Payments	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-
Taxation	-	-	-	-	-
Profit After Tax	-	-	-	-	-
Dividends Payable	-	-	-	-	-
Retained Profits	-	-	-	-	-

balance sheet

Annual Accounts	12/09-11/10	Change (%)	12/08-11/09	Change (%)	12/07-11/08
Tangible Assets	-	-	-	-	-
Intangible Assets	-	-	-	-	-
Total Fixed Assets	-	-	-	-	-
Total Current Assets	-	-	-	-	-
Trade Debtors	-	-	-	-	-
Stocks & WIP	-	-	-	-	-
Cash	-	-	-	-	-
Other Debtors	-	-	-	-	-
Increase In Cash	-	-	-	-	-
Miscellaneous Current Assets	-	-	-	-	-
Total Assets	-		-		-
Total Current Liabilities	-	-	-	-	-
Trade Creditors	-	-	-	-	-
Bank Loans & Overdrafts	-	-	-	-	-
Other Short Term Fin	-	-	-	-	-
Miscellaneous Current Liabilities	-	-	-	-	-
Other Long Term Fin	-	-	-	-	-
Total Long Term Liabilities	-	-	-	-	-
Bank Loans & Overdrafts & LTL	-	-	-	-	-
Total Liabilities	-	-	-	-	-
Net Assets	-	-	-	-	-
Working Capital	-	-	-	-	-

capitals & reserves

Annual Accounts	12/09-11/10	Change (%)	12/08-11/09	Change (%)	12/07-11/08
Called up Share Capital	-	-	-	-	-
P&L Account Reserve	-	-	-	-	-
Sundry Reserves	-	-	-	-	-
Revaluation Reserve	-	-	-	-	-
Shareholder Funds	-	-	-	-	-
Net Worth	-	-	-	-	-

miscellaneous

Annual Accounts	12/09-11/10	Change (%)	12/08-11/09	Change (%)	12/07-11/08
Net Cashflow from Operations	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-
Contingent Liability	NO	-	NO	-	YES
Capital Employed	-	-	-	-	-
No of Employees	-	-	-	-	-

	Auditors	RUSSELL BRENNAN KEANE
	AuditQualification	No Adverse Comments
	Bankers	BANK OF IRELAND
	BankBranchCode	90-36-80

ratios

Annual Accounts	12/09-11/10	12/08-11/09	12/07-11/08
Pre-tax profit margin %	-	-	-
Current ratio	-	-	-
Sales/Net Working Capital	-	-	-
Gearing %	-	-	-
Equity in %	-	-	-
Creditor Days	-	-	-
Debtor Days	-	-	-
Liquidity/Acid Test	-	-	-
Return On Capital Employed %	-	-	-
Return On Total Assets Employed %	-	-	-
Current Debt Ratio %	-	-	-
Total Debt Ratio %	-	-	-
Stock Turnover Ratio %	-	-	-
Return on Net Assets Employed %	-	-	-

FOREIGN EXCHANGE RATES

ADDITIONAL INFORMATION

Industry:

	SIC Code	Description
	1824	Manufacture Of Other Wearing Apparel

Mortgage Charges
Outstanding	3	Satisfied	8

Shareholders
Share Capital	460500	Currency	Eur

Secondary Industry Code Details

	SIC Code	Description
	1824	Manufacture Of Other Wearing Apparel

Mortgage Details

Mortgage Type:	DEBENTURE.
Date Charge Created:	22/05/1998	Date Charge Registered:	08/06/1998
Date Charge Satisfied:		Status:	NOT SATISFIED
Person(s) Entitled:	THE GOVERNOR AND COMPANY OF THE BANK OF IRELAND
Amount Secured:	ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE LENDERS
Details:

Mortgage Type:	DEED OF CHARGE.
Date Charge Created:	22/05/1998	Date Charge Registered:	08/06/1998
Date Charge Satisfied:		Status:	NOT SATISFIED
Person(s) Entitled:	THE GOVERNOR AND COMPANY OF THE BANK OF IRELAND
Amount Secured:	ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED.
Details:

Mortgage Type:	LETTER OF UNDER FROM SOLICITORS.
Date Charge Created:	06/05/1998	Date Charge Registered:	20/05/1998
Date Charge Satisfied:		Status:	NOT SATISFIED
Person(s) Entitled:	THE GOVERNOR AND COMPANY OF THE BANK OF IRELAND
Amount Secured:	ALL SUMS NOW DUE OR HEREAFTER TO BECOME FROM THE COMPANY TO THE PERSON(S) ENTITLED
Details:

Mortgage Type:	A DEBENTURE.
Date Charge Created:	28/04/1997	Date Charge Registered:	06/05/1997
Date Charge Satisfied:	16/11/2004	Status:	FULLY SATISFIED
Person(s) Entitled:	AIB COMMERCIAL SERVICES LIMITED
Amount Secured:	ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED
Details:

Mortgage Type:	BILL OF SALE.
Date Charge Created:	27/08/1993	Date Charge Registered:	22/12/1993
Date Charge Satisfied:	16/11/2004	Status:	FULLY SATISFIED
Person(s) Entitled:	WESTERN FINANCE COMPANY LIMITED
Amount Secured:
Details:

Mortgage Type:	AN ASSIGNMENT.
Date Charge Created:	07/02/1992	Date Charge Registered:	12/02/1992
Date Charge Satisfied:	16/11/2004	Status:	FULLY SATISFIED
Person(s) Entitled:	ALLIED IRISH BANKS PLC
Amount Secured:	ALL SUMS DUE/TO BECOME DUE WHETHER SOLELY OR JOINTLY WITH INTEREST BY THE COMPANY
Details:

Mortgage Type:	A MORTGAGE DEBENTURE.
Date Charge Created:	16/08/1991	Date Charge Registered:	28/08/1991
Date Charge Satisfied:	16/11/2004	Status:	FULLY SATISFIED
Person(s) Entitled:	BANQUE NATIONALE DE PARIS (IRELAND) LTD.
Amount Secured:	ALL MONIES AND LIABILITIES DUE BY THE COMPANY TO THE LENDER EITHER SOLELY OR JOINTLY WITH INTEREST
Details:

Mortgage Type:	A SECURITY AGREEMENT.
Date Charge Created:	25/07/1991	Date Charge Registered:	09/08/1991
Date Charge Satisfied:	16/11/2004	Status:	FULLY SATISFIED
Person(s) Entitled:	BANQUE NATIONALE DE PARIS (IRELAND) LTD.
Amount Secured:	ALL SUMS DUE/TO BECOME DUE BY THE COMPANY EITHER ALONE OR JOINTLY
Details:

Mortgage Type:	A DEED OF CHARGE.
Date Charge Created:	11/03/1988	Date Charge Registered:	30/03/1988
Date Charge Satisfied:	16/11/2004	Status:	FULLY SATISFIED
Person(s) Entitled:	ALLIED IRISH BANKS PLC
Amount Secured:	ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED
Details:

Mortgage Type:	A DEBENTURE.
Date Charge Created:	24/06/1987	Date Charge Registered:	06/07/1987
Date Charge Satisfied:	16/11/2004	Status:	FULLY SATISFIED
Person(s) Entitled:	ALLIED IRISH BANKS PLC
Amount Secured:	ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED
Details:

Mortgage Type:	DEED OF FLOATING CHARGE.
Date Charge Created:	15/08/1983	Date Charge Registered:	26/08/1983
Date Charge Satisfied:	20/05/1986	Status:	FULLY SATISFIED
Person(s) Entitled:	FOIR TEORANTA
Amount Secured:	ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED
Details:

Event History

Date	Description
04/07/2011	New Accounts Filed
04/07/2011	New Accounts Filed
02/07/2011	Annual Returns
14/10/2010	Jim Ward Has Left The Board
10/07/2010	Annual Returns
09/07/2010	New Accounts Filed
06/07/2009	Annual Returns
02/07/2009	New Accounts Filed
03/08/2008	Annual Returns
14/07/2008	New Accounts Filed
16/05/2008	New Accounts Filed
04/10/2007	Annual Returns
13/02/2007	New Board Member (paul Mc Kee) Appointed
13/02/2007	New Board Member (brian Geraghty) Appointed
17/02/1997	New Board Member (michael Walsh) Appointed

The documents below have been received by CRO but are currently unavailable to view.

Document Description	Status	CRO Registered Date
B1c Annual Return - General	Received	23/06/2011
B1c Annual Return - General	Received	23/06/2011

NOTES & COMMENTS

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.43
UK Pound	1	Rs.71.90
Euro	1	Rs.63.41

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.