MIRA INFORM REPORT

Report Date :

29.01.2013

IDENTIFICATION DETAILS

Name :	GERARD LABORATORIES (IRELAND) LIMITED
Registered Office :	Unit 35/36 Baldoyle Industrial Estate Dublin 13 216410
Country :	Ireland
Date of Incorporation :	01.08.1991
Com. Reg. No.:	IE177197
Legal Form :	Private limited with Share Capital
Line of Business :	Non-Trading or Ceased to Trade
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

C

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

Status :	Dormant
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 30^th, 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	GERARD LABORATORIES (IRELAND) LIMITED	Company Number	IE177197
Registered Address	UNIT 35/36
	BALDOYLE INDUSTRIAL ESTATE
	DUBLIN 13
	216410
Website Address	-
Telephone Number		Fax Number
TPS	No	FPS	No
Incorporation Date	01/08/1991	Company Status	Dormant Company
Previous Name	EDENTATA LIMITED	Type	Private limited with Share Capital
Date of Change	-	Filing Date of Accounts	-
		Share Capital	€125
SIC03	74990	Currency	EUR
SIC03 Description	NON-TRADING OR CEASED TO TRADE
SIC07	74990
SIC07 Description	NON-TRADING COMPANY
Principal Activity	The company did not trade during y/e 31.12.11.

DIRECTORS/MANAGEMENT

Total Current Directors	2
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	16

Current Directors

Name	PAUL WOODS	Date of Birth	18/08/1962
Officers Title		Nationality
Present Appointments	8	Function	Director
Appointment Date	01/12/2010
Address	44 AVOCA PARK, BLACKROCK, CO DUBLIN
Other Actions	View Director Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	CHRISTINE LOWRY	Date of Birth	11/08/1959
Officers Title		Nationality
Present Appointments	4	Function	Director
Appointment Date	18/12/2007
Address	5 CASTLE AVENUE, CLONTARF, DUBLIN 3.
Other Actions	View Director Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Current Company Secretary

Name	PAUL WOODS	Date of Birth	18/08/1962
Officers Title		Nationality
Present Appointments	8	Function	Company Secretary
Appointment Date	01/12/2010
Address	44 AVOCA PARK, BLACKROCK, CO DUBLIN

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
KPMG SERVICES	33	65
TONY ALLEN	0	2
ANNA POWER	0	5
ANNA POWER	0	5
PATRICK WHITE	1	2
PETER WEINBERG	0	1
DERMOT PURCELL	0	1
IAN MCCUBBIN	0	2
STEFAN ALBRECHT RUPP	0	2
ELEANOR MARY GARVEY	1	2
LAWRENCE STOLZENBERG	0	1
EDWARD HART	0	2
JOHN HANNON	6	7
JOHN HANNON	6	7
DAVID WILLIAM COOPER	0	2
PAUL HARRISON	0	4

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

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
MCDERMOTT LABORATORIES LTD	99 ORDINARY EUR 1.25
PATRICK WHITE	1 ORDINARY EUR 1.25

PAYMENT INFORMATION

Payment Information Summary

Days Beyond Terms

Trend Indicator

                         Average Payment Experience  

N/A	10
Company DBT	IE Average DBT

Steady

Improving Worsening

Within Terms 91+ Days

Creditor Details

No Creditor Data

Total Value

-

Trade Debtors / Bad Debt Detail

No Debtor Data

Total Value

-

GROUP STRUCTURE & AFFILIATED COMPANIES

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group structure

No group structure

Group	0 companies
Linkages	0 companies
Countries	In 0 countries

FINANCIAL INFORMATION

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder Funds	Employees
31/12/2011	-	-	-	-
31/12/2010	-	-	-	-
31/12/2009	-	-	-

FOREIGN EXCHANGE RATES

Na

ADDITIONAL INFORMATION

Mortgage Summary

Outstanding	0
Satisfied	0

Status History

No Status History found

Event History

Date	Description
17/01/2013	New Accounts Filed
16/01/2013	Annual Returns
10/12/2011	Annual Returns
10/12/2011	New Accounts Filed
07/12/2010	Annual Returns
07/12/2010	New Accounts Filed
01/12/2010	JOHN HANNON has left the board
01/12/2010	JOHN HANNON has resigned as company secretary
01/12/2010	New Board Member (PAUL WOODS) appointed
01/12/2010	New Company Secretary (PAUL WOODS) appointed
20/09/2010	Annual Returns
20/09/2010	New Accounts Filed
09/01/2009	Annual Returns
09/01/2009	New Accounts Filed
18/12/2007	New Board Member (CHRISTINE LOWRY) appointed

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.89
UK Pound	1	Rs.84.92
Euro	1	Rs.72.51

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
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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.