MIRA INFORM REPORT

Report Date :

08.09.2014

IDENTIFICATION DETAILS

Name :	HARRISON BURNELL 2000 LIMITED
Registered Office :	Deansgrange Road Blackrock Co Dublin 81610
Country :	Ireland
Financials (as on) :	31.12.2012
Date of Incorporation :	15.12.2000
Legal Form :	Private Limited with Share Capital
Line of Business :	Other Specialised Construction Activities NEC [We tried to confirm / obtain the detailed activity but the same is not available from any sources]
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 :	No Complaints
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 – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
Ireland	A2	A2

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. 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 & COMPANY SUMMARY

HARRISON BURNELL 2000 LIMITED

DIRECTORS/MANAGEMENT

Current Directors

Name	CATHERINE NOONAN	Date of Birth	17/12/1945
Officers Title		Nationality
Present Appointments	2	Function	Director
Appointment Date	15/12/2000
Address	85 GRANITEFIELD, ROCHESTOWN AVE. DUN LAOGHAIRE CO. DUBLIN
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	VICKY NOONAN	Date of Birth	11/09/1975
Officers Title		Nationality
Present Appointments	1	Function	Director
Appointment Date	15/12/2000
Address	5 WOODSTOWN DALE, KNOCKLYON, DUBLIN 16.
Disqualified		Disqualified End Date
Disqualification Exception	No

Current Company Secretary

Name	CATHERINE NOONAN	Date of Birth	17/12/1945
Officers Title		Nationality
Present Appointments	2	Function	Company Secretary
Appointment Date	18/12/2000
Address	85 GRANITEFIELD, ROCHESTOWN AVE. DUN LAOGHAIRE CO. DUBLIN

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
COMPANY SERVICES LIMITED	2	5

NEGATIVE INFORMATION

Mortgage Summary

Total Mortgage 0

Outstanding 0

Satisfied 0

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 0

Total Value of Documented Trade €0

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

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
KAY NOONAN	EUR	90	ORDINARY	2
VICKY NOONAN	EUR	5	ORDINARY	2
THOMAS NOONAN	EUR	5	ORDINARY	2

GROUP STRUCTURE & AFFILIATED COMPANIES

Group structure

No group structure

FINANCIAL INFORMATION

Profit & Loss

Date Of Accounts	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08
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	-	-	-	-	-	-	-	-	-
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	-	-	-
Taxation	-	-	-	-	-	-	-	-	-
Profit After Tax	-	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

Date Of Accounts	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08
Tangible Assets	€8,169	-11%	€9,175	-11.9%	€10,417	-12.1%	€11,852	-11.3%	€13,356
Intangible Assets	0	-	0	-	0	-	0	-	0
Total Fixed Assets	€8,169	-11%	€9,175	-11.9%	€10,417	-12.1%	€11,852	-11.3%	€13,356
Stock	€7,339	27.1%	€5,775	-18.2%	€7,063	5.3%	€6,710	-10.7%	€7,516
Trade Debtors	€1,420	-47.5%	€2,704	-35.3%	€4,179	-64.8%	€11,888	-17.5%	€14,410
Cash	€5,405	-47.6%	€10,306	382%	€2,138	-76.1%	€8,927	15.4%	€7,735
Other Debtors	0	-	0	-	0	-	0	-100%	€4,845
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	€14,164	-24.6%	€18,785	40.4%	€13,380	-51.4%	€27,525	-20.2%	€34,506
Trade Creditors	€6,289	31.1%	€4,798	13.8%	€4,215	-70.1%	€14,078	-37.9%	€22,681
Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
Other Short Term Finance	0	-	0	-100%	€1,950	-	0	-100%	€7,569
Miscellaneous Current Liabilities	€7,415	-39.5%	€12,250	-43.1%	€21,512	-40.4%	€36,071	84.9%	€19,510
Total Current Liabilities	€13,704	-19.6%	€17,048	-38.4%	€27,677	-44.8%	€50,149	0.8%	€49,760
Bank Loans & Overdrafts and LTL	0	-	0	-	0	-	0	-	0
Other Long Term Finance	0	-	0	-	0	-	0	-	0
Total Long Term Liabilities	0	-	0	-	0	-	0	-	0

.

Capital & Reserves

Date Of Accounts	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08
Called Up Share Capital	€200	-	€200	-	€200	-	€200	-	€200
P & L Account Reserve	€8,429	-21.3%	€10,712	362.5%	-€4,080	62.8%	-€10,972	-423%	-€2,098
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	€8,629	-20.9%	€10,912	381.2%	-€3,880	64%	-€10,772	-467.5%	-€1,898

Other Financial Items

Date Of Accounts	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08
Net Worth	€8,629	-20.9%	€10,912	381.2%	-€3,880	64%	-€10,772	-467.5%	-€1,898
Working Capital	€460	-73.5%	€1,737	112.1%	-€14,297	36.8%	-€22,624	-48.3%	-€15,254
Total Assets	€22,333	-20.1%	€27,960	17.5%	€23,797	-39.6%	€39,377	-17.7%	€47,862
Total Liabilities	€13,704	-19.6%	€17,048	-38.4%	€27,677	-44.8%	€50,149	0.8%	€49,760
Net Assets	€8,629	-20.9%	€10,912	381.2%	-€3,880	64%	-€10,772	-467.5%	-€1,898

Cash Flow

Date Of Accounts	31/12/12	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09	(%)	31/12/08
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

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	€8,629	-20.9%	€10,912	381.2%	-€3,880	64%	-€10,772	-467.5%	-€1,898
Number of Employees	-	-	-	-	-	-	-	-	-
Auditors
Auditor Comments	The company is exempt from audit
Bankers
Bank Branch Code

Ratios

Date Of Accounts	31/12/12	31/12/11	31/12/10	31/12/09	31/12/08
Pre-tax profit margin %	-	-	-	-	-
Current ratio	1.03	1.10	0.48	0.55	0.69
Sales/Net Working Capital	-	-	-	-	-
Gearing %	0	0	0	0	0
Equity in %	38.60	39	-16.30	-27.40	-4
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	0.49	0.76	0.22	0.41	0.54
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	1.58	1.56	-7.13	-4.65	-26.21
Total Debt Ratio	1.58	1.56	-7.13	-4.65	-26.21
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
15/10/2013	New Accounts Filed
12/10/2013	Annual Returns
14/11/2012	New Accounts Filed
13/11/2012	Annual Returns
29/09/2011	New Accounts Filed
29/09/2011	New Accounts Filed
29/09/2011	Annual Returns
23/08/2010	Annual Returns
21/08/2010	New Accounts Filed
21/08/2010	New Accounts Filed
29/10/2009	Annual Returns
28/10/2009	New Accounts Filed
02/11/2008	Annual Returns
02/11/2008	New Accounts Filed
21/11/2007	Annual Returns

Previous Company Names

No Previous Names found.

NOTES & COMMENTS

Commentary

No exact match CCJs are recorded against the company.

The company's credit rating has dropped from 63 to 54 but the company still indicates good creditworthiness.

There has been no significant change in the company's credit limit.

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

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

Net Worth decreased by 20.9% during the latest trading period.

A 20.1% decline in Total Assets occurred during the latest trading period.

The company saw a decrease in their Cash Balance of 47.6% 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 incurred a loss after tax and other appropriations, including dividends.

The company was established over 13 years ago.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.44
UK Pound	1	Rs.98.64
Euro	1	Rs.78.20

INFORMATION DETAILS

Analysis Done by :	SUM
Report Prepared by :	SDA

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.