MIRA INFORM REPORT
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Report Date : |
15.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
THE CONCENTRATE MANUFACTURING COMPANY OF IRELAND |
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Registered Office : |
70 Sir John Rogerson's Quay Dublin 2 216410 |
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Country : |
Ireland |
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Date of Incorporation : |
27.08.1985 |
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Reg. No.: |
IE109336 |
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Legal Form : |
Private unlimited with Share Capital |
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Line of Business : |
Production of Mineral Waters & Soft Drinks |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
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.
Source
: CIA
REGISTERED
NAME & COMPANY SUMMARY
|
Company Name |
THE CONCENTRATE MANUFACTURING COMPANY OF IRELAND |
Company Number |
IE109336 |
|
Registered Address |
70 SIR JOHN ROGERSON'S QUAY |
|
|
|
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DUBLIN 2 |
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|
216410 |
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Website Address |
- |
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|
Telephone Number |
|
Fax Number |
|
|
TPS |
No |
FPS |
No |
|
Incorporation Date |
27/08/1985 |
Company Status |
Financial Statements not filed / too old |
|
Previous Name |
ARMLEY ESTATES |
Type |
Private unlimited with Share Capital |
|
Date of Change |
- |
Filing Date of Accounts |
- |
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|
|
Share Capital |
€123,145,800 |
|
SIC03 |
1598 |
Currency |
EUR |
|
SIC03 Description |
PRODUCTION OF MINERAL WATERS & SOFT DRINKS |
||
|
SIC07 |
11070 |
||
|
SIC07 Description |
MANUFACTURE OF SOFT DRINKS |
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|
Principal Activity |
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DIRECTORS/MANAGEMENT
|
Total Current Directors |
3 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
14 |
Current Directors
|
Name |
Date of Birth |
02/08/1955 |
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|
Officers Title |
|
Nationality |
|
|
Present Appointments |
7 |
Function |
Director |
|
Appointment Date |
31/03/2009 |
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|
|
Address |
56 KNAPTON HILL, SMITH'S PARISH HS 01, BERMUDA |
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|
Name |
Date of Birth |
13/12/1968 |
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|
Officers Title |
|
Nationality |
|
|
Present Appointments |
4 |
Function |
Director |
|
Appointment Date |
02/02/2004 |
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|
|
Address |
49 HURSTWOOD, ASCOT, BERKSHIRE, U.K. SL5 9SP. |
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|
Name |
Date of Birth |
17/12/1960 |
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|
Officers Title |
|
Nationality |
|
|
Present Appointments |
5 |
Function |
Director |
|
Appointment Date |
30/09/2009 |
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|
|
Address |
38 MIDDLE ROAD, SOUTHAMPTON, SB04, BERMUDA |
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Company Secretary
|
Name |
Date of Birth |
14/08/1950 |
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|
Officers Title |
|
Nationality |
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|
Present Appointments |
13 |
Function |
Company Secretary |
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Appointment Date |
31/10/2003 |
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|
Address |
8 WEST POINT LANE, HAMILTON, PARISH, CR 01 |
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Previous Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
0 |
1 |
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0 |
2 |
|
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0 |
6 |
|
|
3 |
3 |
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|
0 |
1 |
|
|
5 |
5 |
|
|
5 |
5 |
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|
0 |
2 |
|
|
5 |
4 |
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0 |
5 |
|
|
6 |
4 |
|
|
6 |
4 |
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|
1 |
7 |
|
|
5 |
5 |
NEGATIVE
INFORMATION
CJ
|
Total Number of Exact CJs - |
Total Value of Exact CJs - |
||
|
Total Number of Possible CJs - |
Total Value of Possible CJs - |
||
|
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 |
|
Satisfied |
0 |
SHARE
& SHARE CAPITAL INFORMATION
Top 20 Shareholders
|
Name |
Individual Share Value |
|
PEPSI-COLA (BERMUDA) LTD |
96,965,196 ORDINARY EUR 1.27 |
|
CMC INVESTMENT COMPANY |
1 ORDINARY EUR 1.27 |
|
Share Capital |
€123,145,800 |
PAYMENT
INFORMATION
Payment Information
Summary
|
Days Beyond
Terms |
Trend Indicator |
Average Payment
Experience |
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||||
|
Steady Improving Worsening |
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GROUP
STRUCTURE & AFFILIATED COMPANIES
Statistics
|
Group |
2 companies |
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Linkages |
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Countries |
Summary
|
Holding Company |
THE CONCENTRATE MANUFACTURING COMPANY OF IRELAND |
|
Ownership Status |
Ultimately Owned |
|
Ultimate Holding Company |
THE CONCENTRATE MANUFACTURING COMPANY OF IRELAND |
Group structure
|
Company Name |
|
Registered
Number |
Latest Key
Financials |
Consol. Accounts |
Turnover |
|
THE CONCENTRATE
MANUFACTURING... |
|
IE109336 |
- |
N |
|
|
PEPSI-COLA
INTERNATIONAL, CORK |
|
IE013606 |
31.12.2001 |
N |
€865,398,000 |
Business Owner
Links
|
Business Name |
Business No |
Business Status. |
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||
|
NORMAL |
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|
NORMAL |
||
|
NORMAL |
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|
NORMAL |
FINANCIAL
INFORMATION
Key Financials
No key Financials Registered
FOREIGN
EXCHANGE RATES
N/a
ADDITIONAL
INFORMATION
|
SIC03 |
1598 |
|
SIC03 Description |
PRODUCTION OF MINERAL WATERS & SOFT DRINKS |
|
SIC07 |
11070 |
|
SIC07 Description |
MANUFACTURE OF SOFT DRINKS |
|
Principal Activity |
|
|
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Number of Employees |
- |
|
- |
|
- |
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- |
|
- |
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Auditors |
- |
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Auditor Comments |
- |
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Bankers |
- |
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Bank Branch Code |
- |
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Status History
|
No Status History found |
Event History
|
Date |
Description |
|
24/11/2012 |
Annual Returns |
|
08/11/2011 |
Annual Returns |
|
10/12/2010 |
Annual Returns |
|
07/12/2009 |
Annual Returns |
|
30/09/2009 |
JULIE MCLEAN has left the board |
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30/09/2009 |
RICHARD BRIAN LEMAN has left the board |
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30/09/2009 |
JOHN CHARLES ROSS COLLIS has left the board |
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30/09/2009 |
New Board Member (MARY-LYNN ROBINSON) appointed |
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31/03/2009 |
JULIE MCLEAN has left the board |
|
31/03/2009 |
DONALD HARRIGAN MALCOLM has left the board |
|
31/03/2009 |
JOHN CHARLES ROSS COLLIS has left the board |
|
31/03/2009 |
New Board Member (JULIE MCLEAN) appointed |
|
31/03/2009 |
New Board Member (KENT SMITH) appointed |
|
31/03/2009 |
New Board Member (JOHN CHARLES ROSS COLLIS) appointed |
|
24/12/2008 |
Annual Returns |
Previous Company Names
|
Date |
Previous Name |
|
N/A |
ARMLEY ESTATES |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.39 |
|
|
1 |
Rs.87.78 |
|
Euro |
1 |
Rs.71.29 |
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 |
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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 |
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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 |
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.