|
Report Date : |
10.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
JSA AIRCRAFT IRELAND 5811 LIMITED |
|
|
|
|
Registered Office : |
70 Sir John Rogerson's Quay, Dublin 2 |
|
|
|
|
Country : |
Ireland |
|
|
|
|
Date of Incorporation : |
30.08.2013 |
|
|
|
|
Com. Reg. No.: |
IE532083 |
|
|
|
|
Legal Form : |
Single Member Private Company Limited By Shares |
|
|
|
|
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 Company |
|
|
|
|
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 – March, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Ireland |
B1 |
B1 |
|
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 former 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 new KENNY government has intensified austerity
measures to try to meet the deficit targets under Ireland's EU-IMF program.
Ireland achieved moderate growth of 1.4% in 2011 and cut the budget deficit to
9.1% of GDP. Although the recovery slowed in 2012 because of weaker EU demand
for Irish exports, Dublin managed to trim the deficit to about 8.5% of GDP.
|
Source
: CIA |
Company Name JSA AIRCRAFT
IRELAND 5811 LIMITED
Company Registration Number
IE532083
Country IE
Activity Code 7123
Activity Description Renting of air
transport equipment
Company Status Active - Newly
Incorporated
Activities
Activity Code 7123
Activity Description
Renting of air
transport equipment
Company Name JSA AIRCRAFT IRELAND
5811 LIMITED
Registered Company Name JSA AIRCRAFT IRELAND 5811 LIMITED
Company Registration Number IE532083
Country IE
Date of Company Registration 30/08/2013
Date of Starting Operations 30/08/2013
Commercial Court Legal Form SINGLE MEMBER PRIVATE
COMPANY LIMITED BY SHARES
Type of Ownership Company Status Active - Newly
Incorporated
Contact Address 70 SIR JOHN
ROGERSON'S
QUAY, DUBLIN 2
Address
70
SIR JOHN ROGERSON'S QUAY, DUBLIN 2
Name WILSON CHAN
Address 559 PACIFIC
AVENUE, SAN FRANCISCO, CA 94133, USA
Date of Birth 30/03/1973
Position Director
Date Appointed 06/09/2013
Name MICHAEL NOLAN
Address RATHBRIDE,
KILDARE, CO. KILDARE
Date of Birth 03/09/1954
Position Director
Date Appointed 06/09/2013
Name GERARD EIFFE
Address CURRAGHA ROAD,
RATOATH, CO. MEATH.
Date of Birth 03/10/1956
Position Director
Date Appointed
06/09/2013
Name MATSACK TRUST
LIMITED
Address 70, SIR JOHN
ROGERSON'S QUAY, DUBLIN 2.
Date of Birth 11/11/1969
Position Company Secretary
Date Appointed 30/08/2013
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.92 |
|
|
1 |
Rs.99.45 |
|
Euro |
1 |
Rs.83.92 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.