MIRA INFORM REPORT

Report Date :

17.01.2014

IDENTIFICATION DETAILS

Name :	POPLAR LINENS TRADING COMPANY
Registered Office :	Altamont Street, Westport Co Mayo, 999412
Country :	Ireland
Date of Incorporation :	11.06.1996
Com. Reg. No.:	IE250190
Legal Form :	Private unlimited with Share Capital
Line of Business :	Engaged in security broking & fund management
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	---

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 – September 30, 2013

Country Name	Previous Rating (30.06.2013)	Current Rating (30.09.2013)
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 sales 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 & address

Company Name: POPLAR LINENS TRADING COMPANY

Company No: IE250190

Registered Address:

ALTAMONT STREET

WESTPORT

CO MAYO

999412

Company summary

Company Name	POPLAR LINENS TRADING COMPANY	Company Number	IE250190
Registered Address	ALTAMONT STREET WESTPORT CO MAYO 999412
Website Address	-
Telephone Number	09825633
TPS	No
Incorporation Date	11/06/1996	Company Status	Financial Statements not filed / too old
Previous Name		Type	Private unlimited with Share Capital
Date of Change	-	Filing Date of Accounts	-
		Share Capital	€131
SIC03	6712	Currency	EUR
SIC03 Description	Security broking & fund management
SIC07	66120
SIC07 Description	SECURITY AND COMMODITY CONTRACTS DEALING ACTIVITIES

Key Financials

No key Financials Registered

Payment Information Summary

Days Beyond Terms

Trend Indicator

Average Payment Experience  

N/A	29
Company DBT	UK Average DBT

Steady

ImprovingWorsening

Be the first to leave a payment experience
for this company

Within Terms91+ Days

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

Mortgage Summary

Outstanding	3
Satisfied	0
Total Current Directors	3
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	7

Current Directors

Name	SEAN WALSH	Date of Birth	26/01/1967
Officers Title		Nationality
Present Appointments	25	Function	Director
Appointment Date	12/06/1996
Address	WESTHAVEN, TUBBER HILL, WESTPORT, CO. MAYO

Name	LIAM B WALSH	Date of Birth	24/05/1969
Officers Title		Nationality
Present Appointments	9	Function	Director
Appointment Date	12/06/1996
Address	BELCLARE, WESTPORT, CO. MAYO

Name	BENEDICT WALSH	Date of Birth	27/11/1970
Officers Title		Nationality
Present Appointments	22	Function	Director
Appointment Date	27/04/2011
Address	5 SLI NA MISEAN, LOUISBURG ROAD, WESTPORT, CO. MAYO

Current Company Secretary

Name	SEAN WALSH	Date of Birth	26/01/1967
Officers Title		Nationality
Present Appointments	25	Function	Company Secretary
Appointment Date	23/10/2000
Address	WESTHAVEN, TUBBER HILL, WESTPORT, CO. MAYO

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value
WINDMILL INVESTMENTS LTD	EUR	40	ORDINARY	1.27
MANSION INVESTMENTS LTD	EUR	40	ORDINARY	1.27
RICHLAND INVESTMENTS LTD	EUR	20	ORDINARY	1.27
POPLAR LINENS (I.O.M.) CO	EUR	3	ORDINARY A	1.27

Unable to report percentage holdings as filed Shareholder listing is not full.

Status History

No Status History found

Event History

Date	Description
26/07/2013	Annual Returns
09/10/2012	Annual Returns
23/09/2011	Annual Returns
27/04/2011	New Board Member (BENEDICT WALSH) appointed
28/03/2011	BENEDICT WALSH has left the board
30/03/2010	Annual Returns
09/10/2009	Annual Returns
13/08/2008	COLM WALSH has left the board
11/08/2008	PAMELA WALSH has left the board
05/06/2008	Annual Returns
03/04/2008	JOHN OLDMAN has left the board
05/02/2008	MARTIN REDDINGTON has left the board
01/08/2005	New Board Member (JOHN OLDMAN) appointed
16/08/2001	New Board Member (MARTIN REDDINGTON) appointed
23/10/2000	LIAM WALSH has resigned as company secretary

Previous Company Names

No Previous Names found

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Group structure

No group structure

Business Owner Links

	Business Name	Business No	Business Status.
	POPLAR LINENS TRADING COMPANY	IE250190
	THE COTTON COLLECTION	443745	NORMAL

Statistics

Group	0 companies
Linkages	0 companies
Countries	In 0 countries

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

Mortgage Details

Mortgage Type:	A charge on book debts of the company.
Date Charge Created:	19/10/06
Date Charge Registered:	26/10/06
Date Charge Satisfied:	-
Status:	NOT SATISFIED
Person(s) Entitled:	AIB COMMERCIAL SERVICES LIMITED
Amount Secured:
Details:

Mortgage Type:	A charge on uncalled share capital of the company. A charge created or evidenced by an instrument wh
Date Charge Created:	27/09/06
Date Charge Registered:	29/09/06
Date Charge Satisfied:	-
Status:	NOT SATISFIED
Person(s) Entitled:	ALLIED IRISH BANKS PLC
Amount Secured:
Details:

Mortgage Type:	A charge created or evidenced by an instrument which, if executed by an individual, would require re
Date Charge Created:	30/05/06
Date Charge Registered:	16/06/06
Date Charge Satisfied:	-
Status:	NOT SATISFIED
Person(s) Entitled:	ANGLO IRISH BANK CORPORATION PLC
Amount Secured:
Details:

Creditor Details

No Creditor Data
Total Value	-

Trade Debtors / Bad Debt Detail

No Debtor Data
Total Value	-

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
LIAM WALSH	0	14
LIAM WALSH	0	14
PAMELA WALSH	4	8
MARTIN REDDINGTON	6	3
COLM WALSH	4	7
BENEDICT WALSH	22	6
JOHN OLDMAN	0	1

Average Invoice Value	€195.39
Invoices available	30
Paid	25
Outstanding	5

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

	Within Terms	0-30 Days	31-60 Days	61-90 Days	91+ Days
Paid	20	4	1	0	0
Outstanding	0	0	5	0	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.53
UK Pound	1	Rs.100.73
Euro	1	Rs.83.84

INFORMATION DETAILS

Report Prepared by :

MNL

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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