MIRA INFORM REPORT
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Report Date : |
21.09.2013 |
IDENTIFICATION DETAILS
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Name : |
DUNNES STORES |
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Registered Office : |
46-50 South Great George's Street Dublin 2 999930 |
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Country : |
Ireland |
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Date of Incorporation : |
16.12.1999 |
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Com. Reg. No.: |
IE317228 |
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Legal Form : |
Private unlimited with Share Capital |
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Line of Business : |
Chain of Retail stores |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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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 – March, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Ireland |
B1 |
B1 |
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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 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 |
REGISTERED NAME & COMPANY SUMMARY
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Company Name |
DUNNES STORES |
Company Number |
IE317228 |
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Registered Address |
46-50 SOUTH GREAT GEORGE'S STREET |
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DUBLIN 2 |
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999930 |
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Website Address |
- |
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Telephone Number |
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Fax Number |
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TPS |
No |
FPS |
No |
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Incorporation Date |
16/12/1999 |
Company Status |
Not Analysed - Pages missing |
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Previous Name |
TACADO |
Type |
Private unlimited with Share Capital |
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Date of Change |
- |
Filing Date of Accounts |
- |
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Share Capital |
€250 |
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SIC03 |
7484 |
Currency |
EUR |
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SIC03 Description |
Chain of Retail stores |
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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 |
2 |
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Total Current Secretaries |
1 |
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Total Previous Directors / Company Secretaries |
1 |
Current Directors
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Name |
Date of Birth |
23/05/1943 |
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|
Officers Title |
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Nationality |
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Present Appointments |
163 |
Function |
Director |
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Appointment Date |
28/01/2000 |
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Address |
HAMWOOD STUD, DUNBOYNE, CO MEATH |
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Name |
Date of Birth |
09/03/1942 |
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Officers Title |
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Nationality |
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Present Appointments |
164 |
Function |
Director |
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Appointment Date |
28/01/2000 |
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Address |
DILKUSHA, STILLORGAN ROAD, DUBLIN 4 |
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NEGATIVE INFORMATION
CJ
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Total Number of Exact CJs - |
Total Value of Exact CJs - |
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Total Number of Possible CJs - |
Total Value of Possible CJs - |
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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
SHARE & SHARE CAPITAL INFORMATION
Top 20 Shareholders
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
|
BENLETTERY LTD |
EUR |
100 |
ORDINARY |
2 |
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GREEN ARCH CORP. |
EUR |
25 |
ORDINARY |
2 |
Unable to report percentage holdings as filed Shareholder listing is not
full.
PAYMENT INFORMATION
Payment Information Summary
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Days Beyond Terms |
Trend Indicator |
Average
Payment Experience |
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Steady |
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GROUP STRUCTURE & AFFILIATED COMPANIES
Statistics
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Group |
49 companies |
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Linkages |
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Countries |
Summary
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Holding Company |
- |
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Ownership Status |
Intermediately Owned |
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Ultimate Holding Company |
DUNNES HOLDING COMPANY |
Business Owner Links
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Business Name |
Business No |
Business Status. |
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NORMAL |
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NORMAL |
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NORMAL |
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NORMAL |
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NORMAL |
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NORMAL |
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NORMAL |
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NORMAL |
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NORMAL |
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NORMAL |
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NORMAL |
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NORMAL |
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NORMAL |
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NORMAL |
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NORMAL |
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NORMAL |
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NORMAL |
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NORMAL |
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NORMAL |
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NORMAL |
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NORMAL |
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NORMAL |
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NORMAL |
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NORMAL |
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NORMAL |
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NORMAL |
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NORMAL |
FINANCIAL INFORMATION
N/a
FOREIGN EXCHANGE RATES
N/a
ADDITIONAL INFORMATION
Current Company Secretary
|
Name |
Date of Birth |
04/12/1957 |
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|
Officers Title |
|
Nationality |
|
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Present Appointments |
195 |
Function |
Company Secretary |
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Appointment Date |
01/11/2002 |
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Address |
193 ROEBUCK CASTLE, ROEBUCK ROAD, CLONSKEAGH, DUBLIN 14 |
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Mortgage Summary
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Outstanding |
0 |
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Satisfied |
0 |
Status History
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Date |
Description |
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|
11/12/2012 |
Petitions Winding-Up (Gazette) |
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Event History
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Date |
Description |
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12/01/2013 |
New Accounts Filed |
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09/01/2013 |
Annual Returns |
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23/12/2011 |
Annual Returns |
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12/01/2011 |
Annual Returns |
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30/06/2010 |
LAURENCE HOWARD has resigned as company secretary |
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18/01/2010 |
Annual Returns |
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05/12/2008 |
Annual Returns |
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09/07/2008 |
New Company Secretary (LAURENCE HOWARD) appointed |
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18/12/2007 |
Annual Returns |
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01/11/2002 |
New Company Secretary (THOMAS JOHN SHERIDAN) appointed |
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28/01/2000 |
New Board Member (MARGARET HEFFERNAN) appointed |
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28/01/2000 |
New Board Member (FRANCIS DUNNE) appointed |
Previous Company Names
|
Date |
Previous Name |
Companies House Documents |
|
N/A |
TACADO |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.24 |
|
|
1 |
Rs.99.89 |
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Euro |
1 |
Rs.84.22 |
INFORMATION DETAILS
|
Report Prepared
by : |
NLM |
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 |
|
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 |
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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.