MIRA
INFORM REPORT
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Report Date : |
13.04.2013 |
IDENTIFICATION DETAILS
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Name : |
MCCARTHY FUELS & BUILDERS PROVIDERS
LIMITED |
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Registered Office : |
Unit 10 Riverstown Business Park , Tramore , Co Waterford |
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Country : |
Ireland |
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Date of Incorporation : |
03.04.2013 |
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Com. Reg. No.: |
IE525754 |
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Legal Form : |
Private limited with Share Capital |
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Line of Business : |
Other service activities |
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No. of Employees : |
Not
available |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Status : |
New Company |
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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 (31.03.2012) |
Current Rating (30.06.2012) |
|
Ireland |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
|
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 |
MCCARTHY FUELS &
BUILDERS PROVIDERS LIMITED |
Company Number |
IE525754 |
|
Registered Address |
UNIT 10 RIVERSTOWN
BUSINESS PARK |
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TRAMORE |
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CO WATERFORD |
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Website Address |
- |
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Telephone Number |
- |
Fax Number |
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TPS |
- |
FPS |
No |
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Incorporation Date |
03/04/2013 |
Company Status |
Active - Newly Incorporated |
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Previous Name |
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Type |
Private limited with Share Capital |
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Date of Change |
- |
Filing Date of Accounts
|
- |
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Share Capital |
- |
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SIC03 |
9305 |
Currency |
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SIC03 Description |
OTHER SERVICE ACTIVITIES |
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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 |
0 |
Current Directors
|
Name |
THOMAS MCCARTHY |
Date of Birth |
09/03/1964 |
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Officers Title |
|
Nationality |
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Present Appointments |
2 |
Function |
Director |
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Appointment Date |
03/04/2013 |
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|
Address |
FRAGGLE ROCK, KNOCKENDUFF, TRAMORE, CO. WATERFORD |
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|
Name |
ASHLEY MCCARTHY |
Date of Birth |
10/04/1991 |
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Officers Title |
|
Nationality |
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|
Present Appointments |
1 |
Function |
Director |
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Appointment Date |
03/04/2013 |
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|
|
Address |
50 SWEET BRIAR LAWN, TRAMORE, CO. WATERFORD |
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Current Company
Secretary
|
Name |
THOMAS MCCARTHY |
Date of Birth |
09/03/1964 |
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Officers Title |
|
Nationality |
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|
Present Appointments |
2 |
Function |
Company Secretary |
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Appointment Date |
03/04/2013 |
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|
Address |
FRAGGLE ROCK, KNOCKENDUFF, TRAMORE, CO. WATERFORD |
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Directors
Previous
Director/Company Secretaries
|
No Previous Director Details |
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 |
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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
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Outstanding |
0 |
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Satisfied |
0 |
Full CCJ Details
Unregistered -
Exact CJ Details
|
No CJs found |
Unregistered - Possible
CJ Details
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No CJs found |
Registered - Exact
CJ Details
|
No CJs found |
Registered -
Possible CJ Details
|
No CJs found |
PAYMENT INFORMATION
Summary – Payment History
Key Financials
|
No key Financials Registered |
Payment Information
Summary
|
Days Beyond Terms |
Trend Indicator |
Average
Payment Experience |
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||||
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Steady Improving Worsening |
Be the first to leave a payment experience
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Creditor & Debtor Details
Creditor Details
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No Creditor Data |
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Total Value |
- |
Trade Debtors /
Bad Debt Detail
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No Debtor Data |
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Total Value |
- |
GROUP STRUCTURE & AFFILIATED
COMPANIES
Group Structure
Statistics
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Group |
- |
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Linkages |
0 companies |
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Countries |
In 0 countries |
Summary
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Holding Company |
- |
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Ownership Status |
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Ultimate Holding
Company |
- |
Group structure
No group structure
Linkages
Statistics
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Group |
0 companies |
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Linkages |
0 companies |
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Countries |
In 0 countries |
ADDITIONAL INFORMATION
Commentary
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There has been no significant change in the
company's credit limit. |
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No recent changes in directorship are recorded. |
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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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Event History
Status History
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No Status History found |
*Event History
|
Date |
Description |
|
03/04/2013 |
New Board Member (ASHLEY MCCARTHY) appointed |
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03/04/2013 |
New Board Member (THOMAS MCCARTHY) appointed |
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03/04/2013 |
New Company Secretary (THOMAS MCCARTHY) appointed |
Previous Company
Names
|
No Previous Names found |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.44 |
|
UK Pound |
1 |
Rs.83.78 |
|
Euro |
1 |
Rs.71.33 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>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 |
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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 |
|
---- |
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.