MIRA INFORM REPORT
|
Report Date : |
06.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
CROSS VETPHARM
GROUP UK LIMITED |
|
|
|
|
Formerly Known As : |
BIMEDA U.K.
LIMITED |
|
|
|
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Registered Office : |
Broomhill Road
Tallaght Co Dublin 216410 |
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|
Country : |
Ireland |
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Date of Incorporation : |
06.06.1974 |
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Com. Reg. No.: |
IE047819 |
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|
Legal Form : |
Private Limited with share capital |
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|
Line of Business : |
Wholesale of grain, seeds and animal feeds. |
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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 : |
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 |
Company
name and address
CROSS VETPHARM GROUP UK LIMITED
Company No: IE047819
Registered Address BROOMHILL ROAD TALLAGHT CO
DUBLIN 216410
Company
information
Activity Wholesale of grain, seeds and
animal feeds.
DIRECTORS/MANAGEMENT
|
Total Current
Directors |
2 |
|
Total Current
Secretaries |
1 |
|
Total Previous Directors
/ Company Secretaries |
5 |
Current Directors
|
Name |
Date of Birth |
08/06/1966 |
|
|
Officers Title |
|
Nationality |
|
|
Present
Appointments |
18 |
Function |
Director |
|
Appointment Date |
15/02/2007 |
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|
|
Address |
24 ST. NICHOLAS
VILLAGE, BETTYSTOWN, CO. MEATH. |
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Other Actions |
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|
Name |
Date of Birth |
27/02/1967 |
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|
Officers Title |
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Nationality |
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|
Present
Appointments |
48 |
Function |
Director |
|
Appointment Date |
15/02/2007 |
|
|
|
Address |
20 RIPLEY HILLS,
BRAY, CO. WICKLOW. |
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|
Other Actions |
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|
Current
Company Secretary
|
Name |
Date of Birth |
27/02/1967 |
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|
Officers Title |
|
Nationality |
|
|
Present
Appointments |
48 |
Function |
Company Secretary |
|
Appointment Date |
16/06/2003 |
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|
|
Address |
20 RIPLEY HILLS,
BRAY, CO. WICKLOW. |
||
Previous
Director/Company Secretaries
|
Name |
Current
Directorships |
Previous
Directorships |
|
14 |
13 |
|
|
4 |
16 |
|
|
0 |
5 |
|
|
25 |
37 |
|
|
15 |
15 |
NEGATIVE
INFORMATION
CJ
|
Total Number of Exact
CJs - |
Total Value of
Exact CJs - |
||
|
Total Number of
Possible CJs - |
Total Value of
Possible CJs - |
||
|
Total Number of
Satisfied CJs - |
Total Value of
Satisfied CJs - |
Possible CJ
Details
There are no
possible CJ details
Writ 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 |
Mortgage
Details
|
Mortgage Type: |
A charge on land,
wherever situate, or any interest therein, but not including a charge for any
rent |
||
|
Date Charge
Created: |
08/08/12 |
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Date Charge
Registered: |
22/08/12 |
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Date Charge
Satisfied: |
- |
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Status: |
NOT SATISFIED |
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|
Person(s)
Entitled: |
RABOBANK IRELAND
PLC |
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Amount Secured: |
|
||
|
Details: |
THE SECURED
LIABILITIES AS DEFINED IN PART II OF THE ANNEXURE HERETO |
||
|
Mortgage Type: |
A charge on land,
wherever situate, or any interest therein, but not including a charge for any
rent |
||
|
Date Charge
Created: |
08/08/12 |
|
|
|
Date Charge
Registered: |
22/08/12 |
|
|
|
Date Charge
Satisfied: |
- |
|
|
|
Status: |
NOT SATISFIED |
|
|
|
Person(s)
Entitled: |
RABOBANK IRELAND
PLC |
||
|
Amount Secured: |
|
||
|
Details: |
THE SECURED
LIABILITIES AS DEFINED IN PART I OF THE ANNEXURE ATTACHED TO FORM C1 |
||
|
Mortgage Type: |
A charge created or
evidenced by an instrument which, if executed by an individual, would require
re |
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Date Charge
Created: |
12/09/07 |
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Date Charge
Registered: |
27/09/07 |
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Date Charge
Satisfied: |
- |
|
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Status: |
NOT SATISFIED |
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Person(s)
Entitled: |
BANK OF SCOTLAND
(IRELAND) LIMITED |
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Amount Secured: |
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Details: |
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Mortgage Type: |
A charge created
or evidenced by an instrument which, if executed by an individual, would
require re |
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Date Charge
Created: |
12/09/07 |
|
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Date Charge
Registered: |
27/09/07 |
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Date Charge
Satisfied: |
- |
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Status: |
NOT SATISFIED |
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Person(s)
Entitled: |
BANK OF SCOTLAND
(IRELAND) LIMITED |
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Amount Secured: |
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||
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Details: |
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Mortgage Type: |
SECURITY
ASSIGNMENT OF AN UNDERTAKING. |
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|
Date Charge
Created: |
16/11/99 |
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Date Charge
Registered: |
01/12/99 |
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Date Charge
Satisfied: |
08/05/12 |
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Status: |
FULLY SATISFIED |
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|
Person(s)
Entitled: |
ICC BANK PLC |
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Amount Secured: |
|
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Details: |
ALL MONEYS,
OBLIGATIONS AND LIABILITIES DUE OR TO BECOME DUE WITH INTEREST UNDER SPECIFIC
AGREEMENT(S) |
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Mortgage Type: |
DEBENTURE. |
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|
Date Charge
Created: |
09/01/98 |
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Date Charge
Registered: |
26/01/98 |
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Date Charge
Satisfied: |
08/05/12 |
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Status: |
FULLY SATISFIED |
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Person(s)
Entitled: |
ULSTER BANK
MARKETS LIMITED |
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Amount Secured: |
|
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Details: |
ALL MONIES OBLIGATIONS
LIABILITIES DUE OR TO BECOME DUE, SOLELY, JOINTLY TOGETHER WITH INTEREST. |
||
|
Mortgage Type: |
DEBENTURE. |
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|
Date Charge
Created: |
09/01/98 |
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Date Charge
Registered: |
26/01/98 |
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Date Charge
Satisfied: |
08/05/12 |
|
|
|
Status: |
FULLY SATISFIED |
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|
Person(s)
Entitled: |
ICC BANK PLC |
||
|
Amount Secured: |
|
||
|
Details: |
ALL MONIES
OBLIGATIONS LIABILITIES DUE OR TO BECOME DUE, SOLELY, JOINTLY TOGETHER WITH
INTEREST. |
||
|
Mortgage Type: |
A DEBENTURE. |
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|
Date Charge
Created: |
28/02/94 |
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Date Charge
Registered: |
09/03/94 |
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Date Charge
Satisfied: |
09/10/07 |
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|
Status: |
FULLY SATISFIED |
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|
Person(s)
Entitled: |
ULSTER BANK
LIMITED |
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|
Amount Secured: |
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||
|
Details: |
ALL MONIES DUE OR
TO BECOME DUE EITHER ALONE OR JOINTLY TOGETHER WITH INTEREST |
||
|
Mortgage Type: |
DEED OF COLLATERAL
DEBENTURE. |
||
|
Date Charge
Created: |
21/02/79 |
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Date Charge
Registered: |
27/02/79 |
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Date Charge
Satisfied: |
09/10/07 |
|
|
|
Status: |
FULLY SATISFIED |
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|
Person(s)
Entitled: |
INDUSTRIAL CREDIT
CORPORATION PLC |
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|
Amount Secured: |
|
||
|
Details: |
ALL SUMS
COLLATERALLY DUE BY OSMOND & SONS (DUBLIN) LIMITED |
||
|
Mortgage Type: |
DEED OF COLLATERAL
DEBENTURE. |
||
|
Date Charge
Created: |
21/02/79 |
|
|
|
Date Charge
Registered: |
27/02/79 |
|
|
|
Date Charge
Satisfied: |
09/10/07 |
|
|
|
Status: |
FULLY SATISFIED |
|
|
|
Person(s)
Entitled: |
OSMOND & SON
DUBLIN LTD |
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|
Amount Secured: |
|
||
|
Details: |
ALL SUMS
COLLATERALLY DUE BY OSMOND & SONS (DUBLIN) LIMITED |
||
SHARE
& SHARE CAPITAL INFORMATION
Top 20
Shareholders
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
|
BIMEDA HOLDINGS
PLC |
EUR |
999 |
ORDINARY |
1.26 |
|
DANIEL PETER
TIERNEY |
EUR |
1 |
ORDINARY |
1.26 |
Unable to report
percentage holdings as filed Shareholder listing is not full.
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 |
14 companies |
|
Linkages |
|
|
Countries |
Summary
|
Holding Company |
BIMEDA HOLDINGS |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding
Company |
VETPHARM
INTERNATIONAL HOLDINGS |
Group
structure
|
Company Name |
|
Registered Number |
Latest Key
Financials |
Consol. Accounts |
Turnover |
|
|
IE372965 |
31.12.2012 |
Y |
€150,587,544 |
|
|
|
IE422985 |
31.12.2012 |
N |
|
|
|
|
IE111180 |
31.12.2012 |
N |
€20,327,955 |
|
|
|
IE422582 |
31.12.2012 |
N |
€200,000 |
|
|
|
FC008460 |
31.12.2012 |
Y |
|
|
|
|
01389211 |
31.12.2012 |
N |
£100,000 |
|
|
|
IE125354 |
31.12.2012 |
Y |
€142,822,677 |
|
|
|
IE008340 |
31.12.2012 |
N |
|
|
|
|
IE468633 |
31.12.2012 |
N |
|
|
|
|
03135240 |
31.12.2012 |
N |
|
|
|
|
IE047819 |
31.12.2012 |
N |
|
|
|
|
IE172292 |
31.12.2012 |
N |
€3,256,398 |
|
|
|
IE035153 |
31.12.2012 |
N |
|
|
|
|
01770940 |
31.12.2012 |
N |
£12,632 |
Statistics
|
Group |
|
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Miscellaneous
|
|
Date Of Accounts |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
|
|
Contingent
Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
|
Capital Employed |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Number of
Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Auditors |
KPMG LLP |
||||||||
|
|
Auditor Comments |
The audit report
contains no adverse comments |
||||||||
|
|
Bankers |
ULSTER BANK LTD |
||||||||
|
|
Bank Branch Code |
|
||||||||
FOREIGN
EXCHANGE RATES
Na
ADDITIONAL
INFORMATION
Commentary
No comments to display
Status History
|
No Status History
found |
Event History
|
Date |
Description |
|
17/12/2013 |
DONAL TIERNEY has
left the board |
|
17/12/2013 |
DANIEL PETER
NICHOLAS TIERNEY has left the board |
|
17/12/2013 |
JONATHAN JAMES TIERNEY
has left the board |
|
24/10/2013 |
New Accounts Filed |
|
23/10/2013 |
Annual Returns |
|
20/05/2013 |
New Accounts Filed |
|
18/05/2013 |
Annual Returns |
|
13/04/2013 |
New Accounts Filed |
|
12/04/2013 |
Annual Returns |
|
26/10/2011 |
Annual Returns |
|
26/10/2011 |
New Accounts Filed |
|
26/10/2010 |
New Accounts Filed |
|
25/10/2010 |
Annual Returns |
|
29/10/2009 |
Annual Returns |
|
28/10/2009 |
New Accounts Filed |
Previous
Company Names
|
Date |
Previous Name |
|
N/A |
BIMEDA U.K.
LIMITED |
Received Documents
Business Owner
Links
|
|
Business Name |
Business No |
Business Status. |
|
|
|
||
|
|
NORMAL |
NOTES
& COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.30 |
|
|
1 |
Rs.99.34 |
|
Euro |
1 |
Rs.80.70 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.