MIRA
INFORM REPORT
|
Report Date : |
31.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
PFIZER IRELAND PHARMACEUTICALS |
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Registered Office : |
Operations Support Group, Ringaskiddy, CO Cork 999937 |
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Country : |
Ireland |
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Date of Incorporation : |
03.11.2010 |
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Legal Form : |
Private unlimited with Share Capital |
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line of business
: |
Financial Intermediation Not Elsewhere Classified |
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Ireland |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
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 has dropped sharply since the onset of the world financial crisis, with GDP falling by over 3% in 2008, nearly 7% in 2009, and less than 1% in 2010. Ireland entered into a recession in 2008 for the first time in more than a decade, with the subsequent collapse of its domestic property and construction markets. Property prices rose more rapidly in Ireland in the decade up to 2007 than in any other developed economy. Since their 2007 peak, average house prices have fallen 47%. 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 a key component of Ireland's economy. Agriculture, once the most important sector, is now dwarfed by industry and services. In 2008 the COWEN government moved to guarantee all bank deposits, recapitalize the banking system, and establish partly-public venture capital funds in response to the country's economic downturn. In 2009, in continued efforts to stabilize the banking sector, the Irish Government established the National Asset Management Agency (NAMA) to acquire problem commercial property and development loans from Irish banks. Faced with sharply reduced revenues and a burgeoning budget deficit, the Irish Government introduced the first in a series of draconian budgets in 2009. In addition to across-the-board cuts in spending, the 2009 budget included wage reductions for all public servants. These measures were not sufficient. In 2010, the budget deficit reached 32.4% of GDP - the world's largest deficit, as a percentage of GDP - because of additional government support for the banking sector. In late 2010, the former COWEN Government agreed to a $112 billion loan package from the EU and IMF to help Dublin further increase the capitalization of its banking sector and avoid defaulting on its sovereign debt. Since entering office in March 2011, the KENNY government has intensified austerity measures to try to meet the deficit targets under Ireland's EU-IMF program. Ireland achieved moderate growth in 2011 and cut the budget deficit to 10.1% of GDP, although the recovery is expected to slow in 2012 as a result of the euro-zone debt crisis.
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Source
: CIA |
REGISTERED NAME & COMPANY
SUMMARY
|
Company Name |
PFIZER IRELAND PHARMACEUTICALS |
Company Number |
IE490938 |
|
Registered Address |
OPERATIONS SUPPORT GROUP |
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RINGASKIDDY |
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CO CORK |
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999937 |
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Website Address |
- |
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Telephone Number |
- |
Fax Number |
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|
TPS |
- |
FPS |
No |
|
Incorporation Date |
03/11/2010 |
Company Status |
Active - Newly Incorporated |
|
Previous Name |
|
Type |
Private unlimited with Share Capital |
|
Date of Change |
- |
Filing Date of Accounts |
- |
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|
|
Share Capital |
€4,410,843,217 |
|
SIC03 |
6523 |
Currency |
USD |
|
SIC03 Description |
OTHER FINANCIAL INTERMEDIATION (NOT
ELSEWHERE CLASSIFIED) |
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SIC07 |
64999 |
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SIC07 Description |
FINANCIAL INTERMEDIATION NOT ELSEWHERE
CLASSIFIED |
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Principal Activity |
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DIRECTORS/MANAGEMENT
Directors
|
Total Current Directors |
2 |
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Total Current Secretaries |
1 |
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Total Previous Directors / Company
Secretaries |
5 |
Current Directors
|
Name |
Date of Birth |
29/01/1964 |
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|
Officers Title |
|
Nationality |
|
|
Present Appointments |
26 |
Function |
Director |
|
Appointment Date |
08/11/2010 |
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|
|
Address |
STONERIDGE, COOLATUDOR,
BALLINHASSIG, |
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Name |
Date of Birth |
12/08/1954 |
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Officers Title |
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Nationality |
|
|
Present Appointments |
56 |
Function |
Director |
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Appointment Date |
08/11/2010 |
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|
|
Address |
71 HOLMWOOD, BRENNANSTOWN ROAD,
CABINTEELY, |
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Current Company Secretary
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Name |
Date of Birth |
12/08/1954 |
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|
Officers Title |
|
Nationality |
|
|
Present Appointments |
56 |
Function |
Company Secretary |
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Appointment Date |
08/11/2010 |
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Address |
71 HOLMWOOD, BRENNANSTOWN ROAD,
CABINTEELY, |
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Directors
Previous Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
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197 |
85 |
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1 |
6 |
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21 |
28 |
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28 |
15 |
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|
3 |
9 |
NEGATIVE INFORMATION
CJ
|
Total Number of Exact CJs - |
Total Value of Exact CJs - |
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|
Total Number of Possible CJs - |
Total Value of Possible CJs - |
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|
Total Number of Satisfied CJs - |
Total Value of Satisfied CJs - |
Exact CJ Details
There are no exact CJ details
Possible CJ Details
There are no possible CJ details
Writ Details
Mortgage Summary
|
Outstanding |
0 |
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Satisfied |
0 |
Full CCJ Details
Unregistered - Exact CJ Details
|
No CJs found |
Unregistered - Possible CJ Details
|
No CJs found |
Registered - Exact CJ Details
|
No CJs found |
Registered - Possible CJ Details
|
No CJs found |
SHARE & SHARE CAPITAL
INFORMATION
Top 20 Shareholders
|
Name |
Individual Share Value |
|
PFIZER IRELAND VENTURES |
4,410,843,216 ORDINARY USD 1.00 |
|
PFIZER INVESTMENT CAPITAL |
1 ORDINARY USD 1.00 |
PAYMENT INFORMATION
Summary – Payment History
Key Financials
|
No key Financials Registered |
Payment
Information Summary
|
Days Beyond Terms |
Trend Indicator |
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||||
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Steady Improving Worsening |
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Creditor & Debtor Details
Creditor Details
|
No Creditor Data |
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Total Value |
- |
Trade Debtors / Bad Debt Detail
|
No Debtor Data |
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Total Value |
- |
GROUP STRUCTURE & AFFILIATED
COMPANIES
Group Structure
Statistics
|
Group |
- |
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Linkages |
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Countries |
Summary
|
Holding Company |
- |
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Ownership Status |
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Ultimate Holding Company |
- |
Group structure
No group structure
Linkages
Statistics
|
Group |
|
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Linkages |
0 companies |
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Countries |
In 0 countries |
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
Commentary
|
The credit limit on this company has fallen
100% in comparison to the previously suggested credit limit. |
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The company has undergone recent changes in
its directorships. |
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The company is not part of a group. |
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Newer companies are proven to be more of an
insolvency risk than more established companies. |
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The company was established over 18 months
ago. |
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Event History
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
22/05/2012 |
Annual Returns |
|
08/09/2011 |
SUSAN WEBB has left the board |
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02/09/2011 |
SUSAN WEBB has left the board |
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30/08/2011 |
New Board Member (SUSAN WEBB) appointed |
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18/05/2011 |
Annual Returns |
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20/01/2011 |
New Board Member (SUSAN WEBB) appointed |
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08/11/2010 |
DAVID LYDON has left the board |
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08/11/2010 |
ALAN FULLER has left the board |
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08/11/2010 |
HMP SECRETARIAL LIMITED has resigned as
company secretary |
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08/11/2010 |
New Board Member (JAMES PAUL DUFFY)
appointed |
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08/11/2010 |
New Board Member (PETER BERNARD DUFFY)
appointed |
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08/11/2010 |
New Company Secretary (PETER BERNARD DUFFY)
appointed |
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03/11/2010 |
New Board Member (DAVID LYDON) appointed |
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03/11/2010 |
New Board Member (ALAN FULLER) appointed |
|
03/11/2010 |
New Company Secretary (HMP SECRETARIAL
LIMITED) appointed |
Previous Company Names
|
No Previous Names found |
Received Documents
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.65 |
|
UK Pound |
1 |
Rs.88.10 |
|
Euro |
1 |
Rs.69.84 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
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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 |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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---- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.