MIRA INFORM REPORT

Report Date :

06.06.2014

IDENTIFICATION DETAILS

Name :	CREATIVE GARDENS LANDSCAPING LIMITED
Registered Office :	"Schoenhof" Drombanna Co Limerick 999938
Country :	Ireland
Financials (as on) :	30.04.2013
Date of Incorporation :	23.03.2006
Legal Form :	Private limited with Share Capital
Line of Business :	Subject is engaged in development of building projects
No. of Employees	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ca

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

Status :	Moderate
Payment Behaviour :	Slow
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 31, 2014

Country Name	Previous Rating (31.12.2013)	Current Rating (31.03.2014)
Ireland	B1	B1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderate Low Risk	B1
Moderate Risk	B2
Moderate High Risk	C1
High Risk	C2
Very High Risk	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. Ireland entered into a recession in 2008 for the first time in more than a decade, with the subsequent collapse of its domestic property market and construction industry. 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 an even more important 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 to stabilize Ireland’s public finances. 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 country’s deeply troubled banking sector. In late 2010, the former COWEN government agreed to a $92 billion loan package from the EU and IMF to help Dublin recapitalize Ireland’s fragile 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 has grown slowly since 2011, but managed to reduce the budget deficit to 7.2% of GDP in 2013. In late 2013, Ireland formally exited its EU-IMF bailout program, benefiting from its strict adherence to deficit-reduction targets and success in refinancing a large amount of banking-related debt

Source : CIA

REGISTERED NAME

CREATIVE GARDENS LANDSCAPING LIMITED

COMPANY SUMMARY

Registered Address: "Schoenhof"

Drombanna

Co Limerick

999938

Trading Address: "Schoenhof"

Drombanna

Co Limerick

Co Limerick

999938

TPS: No

FPS: No

Incorporation Date: 23/03/2006

Type: Private limited with Share Capital

Currency: EUR

Share Capital: €100

SIC07: 41100

SIC07 Description: DEVELOPMENT OF BUILDING PROJECTS

DIRECTORS/MANAGEMENT

Current Directors

Name	BRIAN MURPHY	Date of Birth	16/01/1969
Officers Title		Nationality
Present Appointments	2	Function	Director
Appointment Date	23/03/2006
Address	SCHOENHOF, DROMBANNA, CO LIMERICK
Other Actions	View Director Report

Name	SEAMUS MARTIN	Date of Birth	21/04/1950
Officers Title		Nationality
Present Appointments	1	Function	Director
Appointment Date	20/08/2008
Address	CAHERNORRY, DROMBANA, CO. LIMERICK
Other Actions	View Director Report

Current Company Secretary

Name	BRIAN MURPHY	Date of Birth	16/01/1969
Officers Title		Nationality
Present Appointments	2	Function	Company Secretary
Appointment Date	23/03/2006
Address	SCHOENHOF, DROMBANNA, CO LIMERICK

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
ANNE HAYES	23	1183
DIARMUID HERBERT	3	3
EUGENE HAYES	80	2352
EUGENE HAYES	80	2352
ANNE MURPHY	0	3

NEGATIVE INFORMATION

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

Possible CJ Details

There are no possible CJ details

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

SHARE & SHARE CAPITAL INFORMATION

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
BRIAN MURPHY	EUR	50	ORDINARY	1	50
SEAMUS MARTIN	EUR	50	ORDINARY	1	50

PAYMENT INFORMATION

Creditor Details

	Total Number	Total Value
Trade Creditors	0	-

No Creditor Data

Trade Debtors / Bad Debt Detail

	Total Number of Documented Trade	Total Value of Documented Trade
Trade Debtors	-	-

No Debtor Data

Average Invoice Value	n/a
Invoices available	n/a
Paid	n/a
Outstanding	n/a

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
Outstanding

GROUP STRUCTURE & AFFILIATED COMPANIES

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group structure

No group structure

FINANCIAL INFORMATION

Profit & Loss

Date Of Accounts	30/04/13	(%)	30/04/12	(%)	30/04/11	(%)	30/04/10	(%)	30/04/09
Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
Currency	EUR	(%)	EUR	(%)	EUR	(%)	EUR	(%)	EUR
Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
Turnover	-	-	-	-	-	-	-	-	-
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-
Wages & Salaries	-	-	-	-	-	-	-	-	-
Directors Emoluments	-	-	-	-	-	-	-	-	-
Operating Profit	-	-	-	-	-	-	-	-	-
Depreciation	€13,237	-	€13,237	-	€13,237	-	€13,237	-	-
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	-	-	-
Taxation	-	-	-	-	-	-	-	-	-
Profit After Tax	-	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

Date Of Accounts	30/04/13	(%)	30/04/12	(%)	30/04/11	(%)	30/04/10	(%)	30/04/09
Tangible Assets	€60,237	-18%	€73,474	-15.3%	€86,711	-13.2%	€99,949	-11.5%	€112,910
Intangible Assets	0	-	0	-	0	-	0	-	0
Total Fixed Assets	€60,237	-18%	€73,474	-15.3%	€86,711	-13.2%	€99,949	-11.5%	€112,910
Stock	€150,000	-	€150,000	-23.1%	€195,000	-2.6%	€200,113	-7.6%	€216,545
Trade Debtors	€8,280	-32.4%	€12,255	-16.8%	€14,722	7.2%	€13,738	-56.3%	€31,427
Cash	€6,100	149.9%	€2,441	-18.5%	€2,995	175.3%	€1,088	193.3%	€371
Other Debtors	0	-	0	-	0	-	0	-	0
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	€164,380	-0.2%	€164,696	-22.6%	€212,717	-1%	€214,939	-13.5%	€248,343
Trade Creditors	€117,051	15.9%	€100,986	39.2%	€72,550	64.8%	€44,015	-16%	€52,414
Bank Loans & Overdrafts	€47,023	-11.7%	€53,250	4.2%	€51,094	-46.6%	€95,685	-33.4%	€143,599
Other Short Term Finance	0	-	0	-100%	€7,344	-98.2%	€410,050	5.3%	€389,435
Miscellaneous Current Liabilities	€2,275	-	€2,275	-90%	€22,766	111.7%	€10,753	-16.4%	€12,866
Total Current Liabilities	€166,349	6.3%	€156,511	1.8%	€153,754	-72.6%	€560,503	-6.3%	€598,314
Bank Loans & Overdrafts and LTL	€376,454	-7.8%	€408,468	-7.1%	€439,841	348.5%	€98,080	-38.4%	€159,265
Other Long Term Finance	0	-	0	-	0	-	0	-	0
Total Long Term Liabilities	€329,431	-7.3%	€355,218	-8.6%	€388,747	999.9%	€2,395	-84.7%	€15,666

Capital & Reserves

Date Of Accounts	30/04/13	(%)	30/04/12	(%)	30/04/11	(%)	30/04/10	(%)	30/04/09
Called Up Share Capital	€100	-	€100	-	€100	-	€100	-	€100
P & L Account Reserve	-€271,263	0.9%	-€273,659	-12.5%	-€243,173	2%	-€248,110	1.9%	-€252,827
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	-€271,163	0.9%	-€273,559	-12.5%	-€243,073	2%	-€248,010	1.9%	-€252,727

Other Financial Items

Date Of Accounts	30/04/13	(%)	30/04/12	(%)	30/04/11	(%)	30/04/10	(%)	30/04/09
Net Worth	-€271,163	0.9%	-€273,559	-12.5%	-€243,073	2%	-€248,010	1.9%	-€252,727
Working Capital	-€1,969	-124.1%	€8,185	-86.1%	€58,963	117.1%	-€345,564	1.3%	-€349,971
Total Assets	€224,617	-5.7%	€238,170	-20.5%	€299,428	-4.9%	€314,888	-12.8%	€361,253
Total Liabilities	€495,780	-3.1%	€511,729	-5.7%	€542,501	-3.6%	€562,898	-8.3%	€613,980
Net Assets	-€271,163	0.9%	-€273,559	-12.5%	-€243,073	2%	-€248,010	1.9%	-€252,727

Miscellaneous

Date Of Accounts	30/04/13	(%)	30/04/12	(%)	30/04/11	(%)	30/04/10	(%)	30/04/09
Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
Capital Employed	€58,268	-28.6%	€81,659	-43.9%	€145,674	159.3%	-€245,615	-3.6%	-€237,061
Number of Employees	-	-	-	-	-	-	-	-	-
Auditors
Auditor Comments	The company is exempt from audit
Bankers	ALLIED IRISH BANKS PLC
Bank Branch Code	93-55-14

Ratios

Date Of Accounts	30/04/13	30/04/12	30/04/11	30/04/10	30/04/09
Pre-tax profit margin %	-	-	-	-	-
Current ratio	0.99	1.05	1.38	0.38	0.42
Sales/Net Working Capital	-	-	-	-	-
Gearing %	-138.80	-149.30	-181	-39.50	-63
Equity in %	-120.70	-114.90	-81.20	-78.80	-70
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	0.08	0.09	0.11	0.02	0.05
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	-0.61	-0.57	-0.63	-2.26	-2.36
Total Debt Ratio	-1.82	-1.87	-2.23	-2.26	-2.42
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	-	-	-	-	-

FOREIGN EXCHANGE RATES

N/a

ADDITIONAL INFORMATION

Status History

No Status History found

Event History

Date	Description
04/03/2014	New Accounts Filed
01/03/2014	Annual Returns
20/03/2013	New Accounts Filed
20/03/2013	New Accounts Filed
19/03/2013	Annual Returns
02/03/2012	Annual Returns
02/03/2012	New Accounts Filed
02/03/2012	New Accounts Filed
26/09/2011	New Accounts Filed
26/09/2011	New Accounts Filed
23/09/2011	Annual Returns
24/09/2010	Annual Returns
24/09/2010	New Accounts Filed
26/06/2009	New Accounts Filed
25/06/2009	Annual Returns

Previous Company Names

No Previous Names found

Business Owner Links

Business Name	Business No	Business Status.
CREATIVE GARDENS LANDSCAPING LIMITED	IE417511
BALLYNEETY COOP	509592	NORMAL
BALLYNEETY FUELS	446137	NORMAL
NATURAL STONE SOLUTIONS	398217	NORMAL
CREATIVE GARDENS	308052	NORMAL
PRODECK	310937	NORMAL

NOTES & COMMENTS

Commentary

No exact match CCJs are recorded against the company.

There is insufficient data to indicate a change in this company's percentage of sales.

Net Worth increased by 0.9% during the latest trading period.

A 5.7% decline in Total Assets occurred during the latest trading period.

There is insufficient data to indicate a change in this company's pre-tax profit.

The company saw an increase in their Cash Balance of 149.9% during the latest trading period.

The company is exempt from audit.

No recent changes in directorship are recorded.

The company is not part of a group.

The movement in accumulated earnings would indicate that the company made a profit after tax and other appropriations, including dividends.

The company was established over 7 years ago.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.59.30
UK Pound	1	Rs.99.34
Euro	1	Rs.80.70

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	NIS

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%)

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