MIRA
INFORM REPORT
|
Report Date : |
17.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
APTREE AVIATION TRADING 5 CO., LIMITED |
|
|
|
|
Registered Office : |
First Floor, 7 Exchange Place , Ifsc, Zip Code 216410 |
|
|
|
|
Country : |
Ireland |
|
|
|
|
Date of Incorporation : |
12.10.2011 |
|
|
|
|
Com. Reg. No.: |
IE504748 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Renting of air transport equipment |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
---- |
NB |
New Business |
---- |
|
Status : |
New business |
|
|
|
|
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 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Ireland |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 |
APTREE AVIATION TRADING 5 CO., LIMITED |
Company Number |
IE504748 |
|
Registered
Address |
FIRST FLOOR |
|
|
|
|
7 EXCHANGE PLACE |
|
|
|
|
IFSC |
|
|
|
|
216410 |
|
|
|
Website Address |
- |
|
|
|
Telephone Number
|
- |
Fax Number |
|
|
TPS |
- |
FPS |
No |
|
Incorporation
Date |
12/10/2011 |
Company Status |
Active - Newly Incorporated |
|
Previous Name |
|
Type |
Other |
|
Date of Change |
- |
Filing Date of
Accounts |
- |
|
|
|
Share Capital |
€1 |
|
SIC03 |
7123 |
Currency |
USD |
|
SIC03
Description |
RENTING OF AIR TRANSPORT EQUIPMENT |
||
DIRECTORS/MANAGEMENT
|
Total Current Directors |
3 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
5 |
Current Directors
|
Name |
ALAN GERAGHTY |
Date of Birth |
16/07/1974 |
|
Officers Title |
|
Nationality |
|
|
Present
Appointments |
143 |
Function |
Director |
|
Appointment Date |
19/06/2012 |
|
|
|
Address |
21 PARK MANOR, CASTLEKNOCK, DUBLIN 15. |
||
|
Name |
WEI WANG |
Date of Birth |
23/02/1979 |
|
Officers Title |
|
Nationality |
|
|
Present
Appointments |
14 |
Function |
Director |
|
Appointment Date |
13/10/2011 |
|
|
|
Address |
8B BUILIDING NO. 3, HUANGPU ELEGANCE PARK PHASE III, MINTIAN ROAD
FUTIAN DISTRICT, SHENZHEN 518026 |
||
|
Name |
BING YI |
Date of Birth |
01/06/1960 |
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
13 |
Function |
Director |
|
Appointment Date |
13/10/2011 |
|
|
|
Address |
A-402 PALM BEACH GARDEN, YINHU ROAD, SHENZHEN 518029, CHINA |
||
Current Company
Secretary
|
Name |
MATSACK TRUST
LIMITED |
Date of Birth |
- |
|
Officers Title |
|
Nationality |
|
|
Present
Appointments |
87 |
Function |
Company Secretary |
|
Appointment Date |
12/10/2011 |
|
|
|
Address |
70 SIR JOHN ROGERSON'S QUAY, DUBLIN 2. |
||
NEGATIVE INFORMATION
CJ
|
Total Number of
Exact CJs - |
0 |
Total Value of
Exact CJs - |
€0 |
|
Total Number of
Possible CJs - |
0 |
Total Value of
Possible CJs - |
€0 |
|
Total Number of Satisfied
CJs - |
0 |
Total Value of
Satisfied CJs - |
€0 |
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 |
|
|
APONE AVIATION LEASING CO LIMITED |
1 ORDINARY USD 1.00 |
|
|
Share Capital |
€1 |
|
PAYMENT INFORMATION
Payment Information Summary
|
Days Beyond Terms |
Trend Indicator |
Average Payment Experience |
|
||||
|
Steady Improving Worsening |
Be the first to leave a payment experience |
|
GROUP STRUCTURE & AFFILIATED COMPANIES
Statistics
|
Group |
- |
|
Linkages |
|
|
Countries |
Summary
|
Holding Company |
- |
|
Ownership Status
|
|
|
Ultimate Holding
Company |
- |
Group structure
|
FINANCIAL INFORMATION
Key Financials
|
No key Financials Registered |
ADDITIONAL INFORMATION
|
SIC03 |
7123 |
|
SIC03
Description |
RENTING OF AIR TRANSPORT EQUIPMENT |
|
|
Number of Employees |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Auditors |
- |
||||||||
|
|
Auditor Comments |
- |
||||||||
|
|
Bankers |
- |
||||||||
|
|
Bank Branch Code |
- |
||||||||
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
19/06/2012 |
LISA ANNE O'BRIEN has left the board |
|
19/06/2012 |
LISA HAND has left the board |
|
19/06/2012 |
New Board Member (LISA ANNE O'BRIEN) appointed |
|
19/06/2012 |
New Board Member (ALAN GERAGHTY) appointed |
|
04/05/2012 |
Annual Returns |
|
18/10/2011 |
JOANNA TAYLOR has left the board |
|
18/10/2011 |
New Board Member (JOANNA TAYLOR) appointed |
|
13/10/2011 |
MARIE O'BRIEN has left the board |
|
13/10/2011 |
BARRY LYNCH has left the board |
|
13/10/2011 |
New Board Member (WEI WANG) appointed |
|
13/10/2011 |
New Board Member (BING YI) appointed |
|
13/10/2011 |
New Board Member (LISA HAND) appointed |
|
12/10/2011 |
New Board Member (MARIE O'BRIEN) appointed |
|
12/10/2011 |
New Board Member (BARRY LYNCH) appointed |
|
12/10/2011 |
New Company Secretary (MATSACK TRUST LIMITED) appointed |
Previous Company
Names
|
No Previous Names found |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.39 |
|
UK Pound |
1 |
Rs.87.78 |
|
Euro |
1 |
Rs.71.29 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.