MIRA
INFORM REPORT
|
Report Date : |
27.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
JAMES A. BARRY & COMPANY |
|
|
|
|
Registered Office : |
Upper Quartertown Mallow Cocork 464014 |
|
|
|
|
Country : |
Ireland |
|
|
|
|
Financials (as on) : |
31.01.2010 |
|
|
|
|
Date of Incorporation : |
09.05.1969 |
|
|
|
|
Com. Reg. No.: |
IE028804 |
|
|
|
|
Legal Form : |
Private unlimited with Share Capital |
|
|
|
|
Line of Business : |
Non-specialised wholesale of food, beverages and tobacco |
|
|
|
|
No. of Employees : |
219 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 |
|
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 |
JAMES A. BARRY & COMPANY |
Company Number |
IE028804 |
|
|
|
|
|
|
Registered Address |
UPPER QUARTERTOWN |
|
|
|
|
MALLOW |
|
|
|
|
COCORK |
|
|
|
|
464014 |
|
|
|
Website Address |
- |
|
|
|
Telephone Number |
|
Fax Number |
|
|
TPS |
No |
FPS |
No |
|
Incorporation Date |
09/05/1969 |
Company Status |
Financial Statements too old |
|
Previous Name |
|
Type |
Private unlimited with Share Capital |
|
Date of Change |
- |
Filing Date of Accounts |
- |
|
|
|
Share Capital |
€1,480 |
|
SIC03 |
51390 |
Currency |
EUR |
|
SIC03 Description |
Non-specialised wholesale of food, beverages and tobacco |
||
|
SIC07 |
46390 |
||
|
SIC07 Description |
NON-SPECIALISED WHOLESALE OF FOOD, BEVERAGES AND TOBACCO |
||
|
Principal Activity |
The operation of a retail grocery and the wholesale supply of grocery
products. |
||
DIRECTORS/MANAGEMENT
Current Directors
|
Name |
Date of Birth |
09/02/1963 |
|
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
44 |
Function |
Director |
|
Appointment Date |
24/09/1999 |
|
|
|
Address |
8 WESTBURY HEIGHTS,
ANNABELLA, MALLOW, CO. CORK. |
||
|
Other Actions |
|
|
|
|
|
|
|
|
|
Disqualified |
|
Disqualified End Date |
|
|
Disqualification
Exception |
No |
|
|
|
Name |
Date of Birth |
08/09/1962 |
|
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
7 |
Function |
Director |
|
Appointment Date |
22/06/2007 |
|
|
|
Address |
46 MARLFIELD GARDENS,
CABINTEELY, DUBLIN 18 |
||
|
Other Actions |
|
|
|
|
|
|
|
|
|
Disqualified |
|
Disqualified End Date |
|
|
Disqualification
Exception |
No |
|
|
|
Name |
Date of Birth |
05/11/1970 |
|
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
22/06/2007 |
|
|
|
Address |
SPRINGFORT, LAHERDANE,
WHITES CROSS, CO.CORK |
||
|
Other Actions |
|
|
|
|
|
|
|
|
|
Disqualified |
|
Disqualified End Date |
|
|
Disqualification
Exception |
No |
|
|
|
Name |
Date of Birth |
23/05/1967 |
|
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
01/07/2008 |
|
|
|
Address |
GREENRIDGE, 173 WEST
END, MALLOW, CO. CORK |
||
|
Other Actions |
|
|
|
|
|
|
|
|
|
Disqualified |
|
Disqualified End Date |
|
|
Disqualification
Exception |
No |
|
|
|
Name |
Date of Birth |
29/06/1943 |
|
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
27 |
Function |
Director |
|
Appointment Date |
21/04/2005 |
|
|
|
Address |
CARRIG RUA, UPPER
CLOGHROE, CO. CORK |
||
|
Other Actions |
|
|
|
|
|
|
|
|
|
Disqualified |
|
Disqualified End Date |
|
|
Disqualification
Exception |
No |
|
|
|
Name |
Date of Birth |
14/09/1962 |
|
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
01/07/2008 |
|
|
|
Address |
AN DAINGEAN, GLENDALE
GROVE, GLASHEEN, CORK |
||
|
Other Actions |
|
|
|
|
|
|
|
|
|
Disqualified |
|
Disqualified End Date |
|
|
Disqualification
Exception |
No |
|
|
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
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
|
Currency |
Share Value |
Share Type |
Nominal Value |
|
|
BIRCHBAY HOLDINGS BVI
LTD |
EUR |
4,622 |
ORDINARY |
0.32 |
|
BIRCHBAY INVESTMENTS
(BVI) UNLIMITED |
EUR |
1 |
ORDINARY |
0.32 |
|
BIRCHBAY HOLDINGS BVI
LTD |
EUR |
1 |
ORDINARY A |
0.32 |
Unable to report
percentage holdings as filed Shareholder listing is not full.
PAYMENT INFORMATION
Payment Information Summary
|
Days Beyond Terms |
Trend Indicator |
|
||||
|
Steady Improving Worsening |
|
GROUP STRUCTURE & AFFILIATED
COMPANIES
Summary
|
Holding Company |
- |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company
|
BIRCHBAY HOLDINGS BVI
LTD |
Group structure
|
Company Name |
|
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
|
|
N/A |
- |
- |
|
|
|
|
IE028804 |
31.01.2010 |
N |
€207,014,148 |
FINANCIAL INFORMATION
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder Funds |
Employees |
|
31/01/2010 |
€207,014,148 |
€3,001,188 |
€22,099,155 |
219 |
|
31/01/2009 |
€212,463,193 |
€2,677,249 |
€19,715,122 |
218 |
|
31/01/2008 |
€204,542,171 |
€2,556,884 |
€17,590,607 |
219 |
Profit & Loss
|
Date Of Accounts |
31/01/10 |
(%) |
31/01/09 |
(%) |
31/01/08 |
(%) |
31/01/07 |
(%) |
31/01/06 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
EUR |
(%) |
EUR |
(%) |
EUR |
(%) |
EUR |
(%) |
EUR |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
€207,014,148 |
-2.6% |
€212,463,193 |
3.9% |
€204,542,171 |
8% |
€189,386,489 |
5.4% |
€179,735,000 |
|
Export |
€7,942,511 |
-30.1% |
€11,369,767 |
-24.8% |
€15,128,296 |
-12.2% |
€17,226,070 |
- |
- |
|
Cost of Sales |
€186,208,854 |
-3.1% |
€192,193,992 |
3.2% |
€186,231,774 |
8% |
€172,515,875 |
5.2% |
€163,963,000 |
|
Gross Profit |
€20,805,294 |
2.6% |
€20,269,201 |
10.7% |
€18,310,397 |
8.5% |
€16,870,614 |
7% |
€15,772,000 |
|
Wages & Salaries |
€10,241,057 |
-0.3% |
€10,267,890 |
18% |
€8,699,096 |
11.1% |
€7,826,471 |
- |
- |
|
Directors Emoluments |
€1,329,056 |
-6.4% |
€1,419,798 |
83.5% |
€773,540 |
204.6% |
€253,985 |
- |
- |
|
Operating Profit |
€3,103,541 |
7% |
€2,900,232 |
17.8% |
€2,462,625 |
23.5% |
€1,993,672 |
-3.8% |
€2,072,000 |
|
Depreciation |
€1,101,672 |
-1.6% |
€1,119,779 |
11.1% |
€1,007,506 |
8.4% |
€929,302 |
- |
- |
|
Audit Fees |
€45,000 |
0% |
€45,012 |
-1.9% |
€45,883 |
-8.7% |
€50,230 |
- |
- |
|
Interest Payments |
€187,229 |
-42.2% |
€324,090 |
-15.6% |
€384,204 |
10% |
€349,394 |
16.5% |
€300,000 |
|
Pre Tax Profit |
€3,001,188 |
12.1% |
€2,677,249 |
4.7% |
€2,556,884 |
57.5% |
€1,623,826 |
1% |
€1,607,000 |
|
Taxation |
-€431,390 |
-106.5% |
-€208,871 |
77.2% |
-€914,555 |
-439.6% |
-€169,485 |
26.3% |
-€230,000 |
|
Profit After Tax |
€2,569,798 |
4.1% |
€2,468,378 |
50.3% |
€1,642,329 |
12.9% |
€1,454,341 |
5.6% |
€1,377,000 |
|
Dividends Payable |
€470,625 |
36.9% |
€343,863 |
205.7% |
€112,500 |
-55% |
€250,000 |
- |
- |
|
Retained Profit |
€2,099,173 |
-1.2% |
€2,124,515 |
38.9% |
€1,529,829 |
27% |
€1,204,341 |
-12.5% |
€1,377,000 |
Balance Sheet
|
Date Of Accounts |
31/01/10 |
(%) |
31/01/09 |
(%) |
31/01/08 |
(%) |
31/01/07 |
(%) |
31/01/06 |
|
Tangible Assets |
€16,068,919 |
2.2% |
€15,723,184 |
6.8% |
€14,725,117 |
2.9% |
€14,310,583 |
-0.9% |
€14,438,000 |
|
Intangible Assets |
€488,621 |
121.8% |
€220,281 |
-34% |
€333,845 |
44.7% |
€230,742 |
72.2% |
€134,000 |
|
Total Fixed Assets |
€16,557,540 |
3.9% |
€15,943,465 |
5.9% |
€15,058,962 |
3.6% |
€14,541,325 |
-0.2% |
€14,573,000 |
|
Stock |
€6,593,682 |
43% |
€4,612,039 |
-1.1% |
€4,662,736 |
-4.3% |
€4,873,752 |
14.6% |
€4,252,000 |
|
Trade Debtors |
€29,187,674 |
4.8% |
€27,858,182 |
5.1% |
€26,509,591 |
3.3% |
€25,671,115 |
15.1% |
€22,308,000 |
|
Cash |
€7,044,322 |
141.1% |
€2,922,011 |
19.5% |
€2,445,110 |
39.2% |
€1,756,276 |
-27.5% |
€2,424,000 |
|
Other Debtors |
€2,430,357 |
47.4% |
€1,648,556 |
-2.9% |
€1,697,617 |
-53.8% |
€3,677,027 |
70.1% |
€2,162,000 |
|
Miscellaneous Current
Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
-100% |
€1,183,000 |
|
Total Current Assets |
€45,256,035 |
22.2% |
€37,040,788 |
4.9% |
€35,315,054 |
-1.8% |
€35,978,170 |
11.3% |
€32,329,000 |
|
Trade Creditors |
€23,207,972 |
7.9% |
€21,515,620 |
12.6% |
€19,115,336 |
-12.7% |
€21,890,894 |
1.7% |
€21,520,000 |
|
Bank Loans &
Overdrafts |
€8,084,466 |
38% |
€5,859,904 |
-28.6% |
€8,202,524 |
29.1% |
€6,355,021 |
200.9% |
€2,112,000 |
|
Other Short Term Finance |
€475,102 |
-19.3% |
€588,628 |
58.1% |
€372,270 |
31.3% |
€283,490 |
-80.9% |
€1,485,000 |
|
Miscellaneous Current
Liabilities |
€7,265,719 |
100.4% |
€3,626,414 |
20.3% |
€3,015,379 |
-5.1% |
€3,178,277 |
18.5% |
€2,681,000 |
|
Total Current
Liabilities |
€39,033,259 |
23.6% |
€31,590,566 |
2.9% |
€30,705,509 |
-3.2% |
€31,707,682 |
14.1% |
€27,799,000 |
|
Bank Loans &
Overdrafts and LTL |
€8,765,627 |
16.3% |
€7,538,469 |
-26.7% |
€10,280,424 |
14.7% |
€8,962,349 |
44.2% |
€6,214,000 |
|
Other Long Term Finance |
€229,605 |
-57% |
€534,082 |
90.6% |
€280,172 |
26.2% |
€221,964 |
-94.6% |
€4,083,000 |
|
Total Long Term
Liabilities |
€681,161 |
-59.4% |
€1,678,565 |
-19.2% |
€2,077,900 |
-20.3% |
€2,607,328 |
-36.4% |
€4,102,000 |
Capital & Reserves
|
Date Of Accounts |
31/01/10 |
(%) |
31/01/09 |
(%) |
31/01/08 |
(%) |
31/01/07 |
(%) |
31/01/06 |
|
Called Up Share Capital |
€1,479 |
- |
€1,479 |
- |
€1,479 |
- |
€1,479 |
47.9% |
€1,000 |
|
P & L Account
Reserve |
€13,926,427 |
17.7% |
€11,827,254 |
21.9% |
€9,702,739 |
16.7% |
€8,316,617 |
16.9% |
€7,112,000 |
|
Revaluation Reserve |
€8,170,168 |
3.6% |
€7,885,308 |
- |
€7,885,308 |
- |
€7,885,308 |
0% |
€7,885,000 |
|
Sundry Reserves |
€1,081 |
- |
€1,081 |
- |
€1,081 |
- |
€1,081 |
8.1% |
€1,000 |
|
Shareholder Funds |
€22,099,155 |
12.1% |
€19,715,122 |
12.1% |
€17,590,607 |
8.6% |
€16,204,485 |
8% |
€14,999,000 |
Other Financial Items
|
Date Of Accounts |
31/01/10 |
(%) |
31/01/09 |
(%) |
31/01/08 |
(%) |
31/01/07 |
(%) |
31/01/06 |
|
Net Worth |
€21,610,534 |
10.9% |
€19,494,841 |
13% |
€17,256,762 |
8% |
€15,973,743 |
7.5% |
€14,865,000 |
|
Working Capital |
€6,222,776 |
14.2% |
€5,450,222 |
18.2% |
€4,609,545 |
7.9% |
€4,270,488 |
-5.7% |
€4,530,000 |
|
Total Assets |
€61,813,575 |
16.7% |
€52,984,253 |
5.2% |
€50,374,016 |
-0.3% |
€50,519,495 |
7.7% |
€46,902,000 |
|
Total Liabilities |
€39,714,420 |
19.4% |
€33,269,131 |
1.5% |
€32,783,409 |
-4.5% |
€34,315,010 |
7.6% |
€31,901,000 |
|
Net Assets |
€22,099,155 |
12.1% |
€19,715,122 |
12.1% |
€17,590,607 |
8.6% |
€16,204,485 |
8% |
€15,001,000 |
Cash Flow
|
Date Of Accounts |
31/01/10 |
(%) |
31/01/09 |
(%) |
31/01/08 |
(%) |
31/01/07 |
(%) |
31/01/06 |
|
Net Cashflow from
Operations |
€4,682,813 |
-15.4% |
€5,534,301 |
273% |
€1,483,924 |
999.9% |
€133,710 |
- |
- |
|
Net Cashflow before
Financing |
€3,233,454 |
-17.1% |
€3,900,316 |
999.9% |
-€19,716 |
99% |
-€1,891,035 |
- |
- |
|
Net Cashflow from
Financing |
-€975,303 |
-655.8% |
€175,471 |
121.4% |
-€818,725 |
52.7% |
-€1,730,982 |
- |
- |
|
Increase in Cash |
€2,258,151 |
-44.6% |
€4,075,787 |
586.1% |
-€838,441 |
76.9% |
-€3,622,017 |
- |
- |
Miscellaneous
|
Date Of Accounts |
31/01/10 |
(%) |
31/01/09 |
(%) |
31/01/08 |
(%) |
31/01/07 |
(%) |
31/01/06 |
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
- |
|
Capital Employed |
€22,780,316 |
6.5% |
€21,393,687 |
8.8% |
€19,668,507 |
4.6% |
€18,811,813 |
25.4% |
€15,000,000 |
|
Number of Employees |
219 |
0.5% |
218 |
-0.5% |
219 |
-3.5% |
227 |
13.5% |
200 |
|
Auditors |
HORGAN BARRETT & CO |
||||||||
|
Auditor Comments |
The audit report
contains no adverse comments |
||||||||
|
Bankers |
ULSTER BANK LTD |
||||||||
|
Bank Branch Code |
|
||||||||
Ratios
|
Date Of Accounts |
31/01/10 |
31/01/09 |
31/01/08 |
31/01/07 |
31/01/06 |
|
Pre-tax profit margin % |
1.45 |
1.26 |
1.25 |
0.86 |
0.89 |
|
Current ratio |
1.16 |
1.17 |
1.15 |
1.13 |
1.16 |
|
Sales/Net Working
Capital |
33.27 |
38.98 |
44.37 |
44.35 |
- |
|
Gearing % |
39.70 |
38.20 |
58.40 |
55.30 |
41.40 |
|
Equity in % |
36 |
37.40 |
35.20 |
32.20 |
32.10 |
|
Creditor Days |
40.80 |
36.86 |
34.01 |
42.07 |
43.70 |
|
Debtor Days |
51.32 |
47.72 |
47.17 |
49.34 |
45.30 |
|
Liquidity/Acid Test |
0.99 |
1.02 |
0.99 |
0.98 |
1.01 |
|
Return On Capital
Employed % |
13.17 |
12.51 |
12.99 |
8.63 |
10.71 |
|
Return On Total Assets
Employed % |
4.85 |
5.05 |
5.07 |
3.21 |
3.43 |
|
Current Debt Ratio |
1.76 |
1.60 |
1.74 |
1.95 |
1.85 |
|
Total Debt Ratio |
1.79 |
1.68 |
1.86 |
2.11 |
2.13 |
|
Stock Turnover Ratio % |
3.18 |
2.17 |
2.27 |
2.57 |
2.37 |
|
Return on Net Assets
Employed % |
13.58 |
13.57 |
14.53 |
10.02 |
10.71 |
FOREIGN EXCHANGE RATES
N/a
ADDITIONAL INFORMATION
Mortgage Summary
|
Outstanding |
5 |
|
Satisfied |
8 |
Current Company Secretary
|
Name |
Date of Birth |
09/02/1963 |
|
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
44 |
Function |
Company Secretary |
|
Appointment Date |
24/09/1999 |
|
|
|
Address |
8 WESTBURY HEIGHTS,
ANNABELLA, MALLOW, CO. CORK. |
||
|
Other Actions |
|
|
|
|
|
|
|
|
|
Disqualified |
|
Disqualified End Date |
|
|
Disqualification
Exception |
No |
|
|
Status History
|
No Status History found. |
Event History
|
Date |
Description |
|
19/12/2012 |
Annual Returns |
|
24/12/2011 |
Annual Returns |
|
31/07/2010 |
Annual Returns |
|
30/07/2010 |
New Accounts Filed |
|
30/07/2010 |
New Accounts Filed |
|
15/10/2009 |
New Accounts Filed |
|
15/10/2009 |
New Accounts Filed |
|
14/10/2009 |
Annual Returns |
|
22/01/2009 |
New Accounts Filed |
|
20/01/2009 |
Annual Returns |
|
01/07/2008 |
New Board Member (NIALL HARTNETT)
appointed |
|
01/07/2008 |
New Board Member (EDWINA
LUCEY) appointed |
|
14/12/2007 |
Annual Returns |
|
14/12/2007 |
New Accounts Filed |
|
22/06/2007 |
New Board Member (JOHN
MCALLEN) appointed |
Previous Company Names
|
No Previous Names found. |
Statistics
|
Group |
2 companies |
|
Linkages |
|
|
Countries |
Business Owner Links
|
Business Name |
Business No |
Business Status. |
|
|
||
|
NORMAL |
||
|
NORMAL |
||
|
NORMAL |
||
|
NORMAL |
||
|
NORMAL |
||
|
NORMAL |
||
|
NORMAL |
||
|
NORMAL |
||
|
NORMAL |
||
|
NORMAL |
||
|
NORMAL |
||
|
NORMAL |
||
|
NORMAL |
||
|
NORMAL |
Statistics
|
Group |
|
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Mortgage Details
|
Mortgage Type: |
A charge created or
evidenced by an instrument which, if executed by an individual, would require
re |
||
|
Date Charge Created: |
30/10/02 |
|
|
|
Date Charge Registered: |
13/11/02 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
NOT SATISFIED |
|
|
|
Person(s) Entitled: |
ULSTER BANK IRELAND
LIMITED |
||
|
Amount Secured: |
|
||
|
Details: |
|
||
|
Mortgage Type: |
A charge on book debts
of the company. |
||
|
Date Charge Created: |
30/10/02 |
|
|
|
Date Charge Registered: |
13/11/02 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
NOT SATISFIED |
|
|
|
Person(s) Entitled: |
ULSTER BANK IRELAND
LIMITED |
||
|
Amount Secured: |
|
||
|
Details: |
|
||
|
Mortgage Type: |
ASSIGNMENT OF LIFE
POLICY. |
||
|
Date Charge Created: |
23/08/00 |
|
|
|
Date Charge Registered: |
30/08/00 |
|
|
|
Date Charge Satisfied: |
08/10/04 |
|
|
|
Status: |
PARTIALLY SATISFIED |
|
|
|
Person(s) Entitled: |
ULSTER BANK LIMITED |
||
|
Amount Secured: |
|
||
|
Details: |
ALL MONEYS, OBLIGATIONS
AND LIABILITIES DUE OR TO BECOME DUE WITH INTEREST UNDER SPECIFIC
AGREEMENT(S) |
||
|
Mortgage Type: |
COMPOSITE DEBENTURE. |
||
|
Date Charge Created: |
14/07/00 |
|
|
|
Date Charge Registered: |
27/07/00 |
|
|
|
Date Charge Satisfied: |
08/09/08 |
|
|
|
Status: |
PARTIALLY SATISFIED |
|
|
|
Person(s) Entitled: |
ULSTER BANK LIMITED |
||
|
Amount Secured: |
|
||
|
Details: |
ALL MONIES, OBLIGATIONS
AND LIABILITIES WHATSOEVER WHETHER PRINCIPAL INTEREST OR OTHERWISE DUE OR TO
BECOME DUE BY THE COMPANY TO THE PERSONS ENTITLED UNDER SPECIFIC AGREEMENTS |
||
|
Mortgage Type: |
MORTGAGE/CHARGE. |
||
|
Date Charge Created: |
15/09/97 |
|
|
|
Date Charge Registered: |
16/09/97 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
NOT SATISFIED |
|
|
|
Person(s) Entitled: |
ULSTER BANK LIMITED |
||
|
Amount Secured: |
0 |
||
|
Details: |
ALL PRESENT AND/OR
FUTURE INDEBTEDNESS OF THE COMPANY WITH INTEREST |
||
|
Mortgage Type: |
A CHARGE. |
||
|
Date Charge Created: |
24/09/87 |
|
|
|
Date Charge Registered: |
02/10/87 |
|
|
|
Date Charge Satisfied: |
24/06/04 |
|
|
|
Status: |
FULLY SATISFIED |
|
|
|
Person(s) Entitled: |
ULSTER BANK LIMITED |
||
|
Amount Secured: |
0 |
||
|
Details: |
ALL INDEBTEDNESS ON ANY
CURRENT &/OR ANY OTHER A/C + INTEREST BANK CHARGES/ALL LIABILITIES/COSTS
ETC. |
||
|
Mortgage Type: |
A CHARGE. |
||
|
Date Charge Created: |
02/04/87 |
|
|
|
Date Charge Registered: |
09/04/87 |
|
|
|
Date Charge Satisfied: |
24/06/04 |
|
|
|
Status: |
FULLY SATISFIED |
|
|
|
Person(s) Entitled: |
ULSTER BANK LIMITED |
||
|
Amount Secured: |
0 |
||
|
Details: |
ALL INDEBTEDNESS ON ANY
CURRENT &/OR ANY OTHER A/C + INTEREST BANK CHARGES/ALL LIABILITIES/COSTS
ETC. |
||
|
Mortgage Type: |
LETTER OF UNDERTAKING
FROM SOLICITORS. |
||
|
Date Charge Created: |
26/02/87 |
|
|
|
Date Charge Registered: |
02/03/87 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
NOT SATISFIED |
|
|
|
Person(s) Entitled: |
ULSTER BANK LIMITED |
||
|
Amount Secured: |
0 |
||
|
Details: |
ALL SUMS NOW DUE OR HEREAFTER
TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED |
||
|
Mortgage Type: |
A DEBENTURE. |
||
|
Date Charge Created: |
23/02/87 |
|
|
|
Date Charge Registered: |
26/02/87 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
NOT SATISFIED |
|
|
|
Person(s) Entitled: |
ULSTER BANK LIMITED |
||
|
Amount Secured: |
0 |
||
|
Details: |
ALL SUMS DUE OR TO
BECOME DUE WITH INTEREST |
||
|
Mortgage Type: |
A DEBENTURE. |
||
|
Date Charge Created: |
08/04/81 |
|
|
|
Date Charge Registered: |
28/04/81 |
|
|
|
Date Charge Satisfied: |
24/11/88 |
|
|
|
Status: |
FULLY SATISFIED |
|
|
|
Person(s) Entitled: |
ALLIED IRISH BANKS PLC |
||
|
Amount Secured: |
0 |
||
|
Details: |
ALL SUMS NOW DUE OR HEREAFTER
TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED |
||
|
Mortgage Type: |
A DEBENTURE. |
||
|
Date Charge Created: |
08/04/81 |
|
|
|
Date Charge Registered: |
28/04/81 |
|
|
|
Date Charge Satisfied: |
11/11/87 |
|
|
|
Status: |
FULLY SATISFIED |
|
|
|
Person(s) Entitled: |
ALLIED IRISH BANKS PLC |
||
|
Amount Secured: |
0 |
||
|
Details: |
ALL SUMS NOW DUE OR
HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED |
||
|
Mortgage Type: |
A MORTGAGE DEBENTURE. |
||
|
Date Charge Created: |
13/10/77 |
|
|
|
Date Charge Registered: |
24/10/77 |
|
|
|
Date Charge Satisfied: |
24/11/88 |
|
|
|
Status: |
FULLY SATISFIED |
|
|
|
Person(s) Entitled: |
INDUSTRIAL CREDIT
CORPORATION PLC |
||
|
Amount Secured: |
0 |
||
|
Details: |
ALL SUMS NOW DUE OR
HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED |
||
|
Mortgage Type: |
A MORTGAGE DEBENTURE. |
||
|
Date Charge Created: |
13/10/77 |
|
|
|
Date Charge Registered: |
24/10/77 |
|
|
|
Date Charge Satisfied: |
09/11/87 |
|
|
|
Status: |
FULLY SATISFIED |
|
|
|
Person(s) Entitled: |
INDUSTRIAL CREDIT
CORPORATION PLC |
||
|
Amount Secured: |
0 |
||
|
Details: |
ALL SUMS NOW DUE OR HEREAFTER
TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED |
||
Previous Director/Company
Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
0 |
2 |
|
|
0 |
2 |
|
|
0 |
3 |
|
|
7 |
14 |
|
|
7 |
14 |
|
|
0 |
2 |
NOTES & COMMENTS
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.06 |
|
|
1 |
Rs.82.15 |
|
Euro |
1 |
Rs.70.61 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.