MIRA INFORM REPORT
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Report Date : |
21.03.2013 |
IDENTIFICATION DETAILS
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Name : |
EAST COAST GRANITE LIMITED |
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Registered Office : |
11 Orchard Grove, Annacloy, Co. Down, BT30 9DX |
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Country : |
Ireland |
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Date of Incorporation : |
04.05.2012 |
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Com. Reg. No.: |
NI612592 |
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Legal Form : |
Private limited with Share Capital |
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Line of Business : |
Not Available |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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) |
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Ireland |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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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
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Company
Name |
EAST COAST GRANITE LIMITED |
Company
Number |
NI612592 |
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Registered
Address |
11 ORCHARD GROVE |
Trading
Address |
11
Orchard Grove |
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ANNACLOY |
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CO. DOWN |
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BT30 9DX |
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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 |
04/05/2012 |
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
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Currency
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SIC03
Description |
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SIC07
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SIC07
Description |
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Principal
Activity |
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DIRECTORS/MANAGEMENT
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Total Current Directors |
1 |
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Total Current Secretaries |
0 |
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Total Previous Directors / Company Secretaries |
0 |
Current Directors
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Name |
Date
of Birth |
12/02/1968 |
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Officers
Title |
Mr |
Nationality |
Irish |
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Present
Appointments |
1 |
Function |
Director |
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Appointment
Date |
04/05/2012 |
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Address |
11 Orchard Grove, Annacloy,
Co. Down, BT30 9DX |
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Disqualified
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Previous Director/Company Secretaries
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No Previous Director Details |
NEGATIVE INFORMATION
CCJ
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Total
Number of Exact CCJs - |
Total
Value of Exact CCJs - |
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Total
Number of Possible CCJs - |
Total
Value of Possible CCJs - |
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Total
Number of Satisfied CCJs - |
Total
Value of Satisfied CCJs - |
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Total
Number of Writs - |
- |
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Exact CCJ Details
There are no exact CCJ details
Possible CCJ Details
There are no possible CCJ details
Writ Details
There are no writ details
Mortgage Summary
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Outstanding |
0 |
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Satisfied |
0 |
SHARE & SHARE CAPITAL INFORMATION
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Share
Capital |
- |
PAYMENT INFORMATION
Payment Information Summary
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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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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
Statistics
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Group
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- |
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Linkages
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Countries
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Summary
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Holding
Company |
- |
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Ownership
Status |
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Ultimate
Holding Company |
- |
Group structure
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FINANCIAL INFORMATION
Key Financials
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No key Financials Registered |
FOREIGN EXCHANGE RATES
N/a
ADDITIONAL INFORMATION
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SIC03
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SIC03
Description |
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SIC07
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SIC07
Description |
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Principal
Activity |
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Auditors |
- |
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Auditor Comments |
- |
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Bankers |
- |
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Bank Branch Code |
- |
Event History
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Date |
Description |
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09/05/2012 |
New Board Member Mr B.C. McDonald appointed |
Previous Company Names
|
No Previous Names found |
NOTES & COMMENTS
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.37 |
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|
1 |
Rs.82.07 |
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Euro |
1 |
Rs.70.03 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
RATING EXPLANATIONS
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.