MIRA
INFORM REPORT
|
Report Date : |
20.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
DUNNES HOLDING COMPANY |
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Registered Office : |
46-50 South Great George's Street, Dublin 2, 216410 |
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Country : |
Ireland |
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Date of Incorporation : |
30.04.1963 |
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Com. Reg. No.: |
IE020461 |
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Legal Form : |
Private unlimited with Share Capital |
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Line of Business : |
Other financial intermediation |
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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.
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.
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Source
: CIA |
REGISTERED NAME & COMPANY
SUMMARY
|
Company Name |
DUNNES HOLDING COMPANY |
Company Number |
IE020461 |
|
Registered Address |
46-50 SOUTH GREAT GEORGE'S STREET |
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Website Address |
- |
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Telephone Number |
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TPS |
No |
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Incorporation Date |
30/04/1963 |
Company Status |
Not Analysed - Pages missing |
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Previous Name |
|
Type |
Private unlimited with Share Capital |
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Date of Change |
- |
Filing Date of Accounts |
- |
|
|
|
Share Capital |
€80,853 |
|
SIC03 |
6523 |
Currency |
EUR |
|
SIC03 Description |
Other financial intermediation |
||
|
SIC07 |
64999 |
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|
SIC07 Description |
FINANCIAL INTERMEDIATION NOT ELSEWHERE CLASSIFIED |
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|
Principal Activity |
The subject itself does not trade. The principal trading entity within
the Dunnes group is Dunnes Stores Ireland Company. |
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DIRECTORS/MANAGEMENT
|
Total Current Directors |
2 |
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Total Current Secretaries |
1 |
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Total Previous Directors / Company Secretaries |
9 |
Current Directors
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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 |
14/10/1971 |
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Address |
DILKUSHA, STILLORGAN ROAD, DUBLIN 4 |
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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 |
14/10/1971 |
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|
|
Address |
HAMWOOD STUD, DUNBOYNE, CO MEATH |
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NEGATIVE INFORMATION
CJ
|
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 |
|
LOWER MOUNT LTD |
EUR |
21,244 |
ORDINARY A |
1.25 |
|
LOWER MOUNT LTD |
EUR |
21,244 |
ORDINARY C |
1.25 |
|
LOWER MOUNT LTD |
EUR |
21,244 |
ORDINARY B |
1.25 |
|
FRANCIS DUNNE |
EUR |
671 |
PREFERENCE |
1.25 |
|
MARGARET HEFFERNAN |
EUR |
279 |
PREFERENCE |
1.25 |
PAYMENT INFORMATION
Payment Information Summary
|
Days Beyond Terms |
Trend Indicator |
Average
Payment Experience |
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||||
|
Steady Improving Worsening |
Within Terms 91+ Days |
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GROUP STRUCTURE & AFFILIATED
COMPANIES
Statistics
|
Group |
54 companies |
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Linkages |
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Countries |
Summary
|
Holding Company |
DUNNES HOLDING COMPANY |
|
Ownership Status |
Ultimately Owned |
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Ultimate Holding Company |
DUNNES HOLDING COMPANY |
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
Mortgage Summary
|
Outstanding |
0 |
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Satisfied |
0 |
Company Secretary
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Name |
Date of Birth |
04/12/1957 |
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|
Officers Title |
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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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Status History
|
No Status History found |
Event History
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Date |
Description |
|
11/01/2014 |
Annual Returns |
|
12/01/2013 |
New Accounts Filed |
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09/01/2013 |
Annual Returns |
|
23/12/2011 |
Annual Returns |
|
12/01/2011 |
Annual Returns |
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18/01/2010 |
Annual Returns |
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07/12/2008 |
Annual Returns |
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18/12/2007 |
Annual Returns |
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01/11/2002 |
PATRICK O'DONOGHUE has resigned as company secretary |
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01/11/2002 |
New Company Secretary (THOMAS JOHN SHERIDAN) appointed |
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31/07/1996 |
MICHAEL DONOHOE has resigned as company secretary |
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31/07/1996 |
New Company Secretary (PATRICK O'DONOGHUE) appointed |
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16/09/1995 |
THERESE DUNNE has left the board |
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18/01/1994 |
BERNARD DUNNE has left the board |
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26/07/1993 |
ELIZABETH MCMAHON has left the board |
Previous Company Names
|
No Previous Names found |
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.35 |
|
|
1 |
Rs.100.21 |
|
Euro |
1 |
Rs.83.52 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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 |
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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 |
|
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.