MIRA INFORM REPORT

Report Date :

13.09.2014

IDENTIFICATION DETAILS

Name :	HEATONS
Registered Office :	Heaton House, IDA Business Park, Whitestown 28406
Country :	Ireland
Financials (as on) :	31.12.2002
Date of Incorporation :	17.08.1945
Legal Form :	Private Unlimited With Share Capital
Line of Business :	Subject is a independent groups of department stores, and specializes in fashions for all ages, footwear, home textiles and homewares. There are 30 branches throughout Ireland, North and South, with the most recent additions located in Bandon, Co. Cork and Coleraine, Northern Ireland. Approximately 50% of the properties are freehold and range in area from 5,500 sq. ft., t
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 – June 01, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
Ireland	B1	A2

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 & COMPANY SUMMARY

HEATONS

Company Number

IE011229 s

Company Name

HEATONS

Registered Address

HEATONHOUSE
IDA BUSINESS PARK
WHITESTOWN
28406

Website Address

-

Telephone Number

TPS

No

Incorporation Date

17/08/1945

SIC07

46410

SIC03	5141
SIC03 Description	Wholesale of textiles

SIC07 Description

WHOLESALE OF TEXTILES

Principal Activity

Heatons is one of Ireland's largest independent groups of department stores, and specialises in fashions for all ages, footwear, home textiles and homewares. There are 30 branches throughout Ireland, North and South, with the most recent additions located in Bandon, Co. Cork and Coleraine, Northern Ireland. Approximately 50% of the properties are freehold and range in area from 5,500 sq. ft., t

DIRECTORS/MANAGEMENT

Current Directors

Name	JOHN O'NEILL	Date of Birth	07/06/1956
Officers Title		Nationality
Present Appointments	12	Function	Director
Appointment Date	01/10/1986
Address	16 BURNABY WOODS, GREYSTONES, CO. WICKLOW.
Other Actions	View Director Report		View AML Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	HUGH HEATON	Date of Birth	02/10/1968
Officers Title		Nationality
Present Appointments	3	Function	Director
Appointment Date	15/12/1995
Address	NEWCOURT, ATHLONE, WESTMEATH.
Other Actions	View Director Report		View AML Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	MIKE ASHLEY	Date of Birth	09/12/1964
Officers Title		Nationality
Present Appointments	2	Function	Director
Appointment Date	15/05/2002
Address	6 THE WINDSOR, CHARTER CLOSE, GLAPWELL DERBYSHIRE, S44 5LU
Other Actions	View Director Report		View AML Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	MARK ORMSBY HEATON	Date of Birth	12/12/1959
Officers Title		Nationality
Present Appointments	8	Function	Director
Appointment Date	11/06/1984
Address	86 RATHGAR ROAD, RATHGAR, DUBLIN 6.
Other Actions	View Director Report		View AML Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Current Company Secretary

Name	BRENDAN DELANEY	Date of Birth	13/07/1950
Officers Title		Nationality
Present Appointments	296	Function	Company Secretary
Appointment Date	01/11/2002
Address	AVONLEA, DEMESNE, LUCAN, CO DUBLIN

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
HUBERT ORMSBY HEATON	1	4
JOHN O'NEILL	12	4
CAMERON HEATON	4	2
VAL GANNON	0	2
SEAN FLANAGAN	5	8
SEAN FLANAGAN	5	8
JOHN ARTHUR HEATON	1	2

NEGATIVE INFORMATION

Mortgages

38

Outstanding	11
Satisfied	27

CJ

Total Number of Exact CJs -	0	Total Value of Exact CJs -	€0
Total Number of Possible CJs -	1	Total Value of Possible CJs -	€5,510
Total Number of Satisfied CJs -	0	Total Value of Satisfied CJs -	€0

Possible CJ Details

Date	Court	Amount	Status	Case Number	Date Paid	Registered CCJ / CJ Details	Plaintiff Name
26/11/2008	Dublin	€5,510	JUDGEMENT	2008D15036		, I D A BUSINESS PARK, WHITESTOWN, TALLAGHT, DUBLIN 24, DUBLIN 24	SCHINDLER LIMITED

Unregistered - Exact CJ Details

No CJs found

Unregistered - Possible CJ Details

Date	Court	Amount	Status	Case Number	Date Paid	Registered CCJ Details	Plaintiff Name
26/11/2008	Dublin	€5,510	JUDGEMENT	2008D15036		, I D A BUSINESS PARK, WHITESTOWN, TALLAGHT, DUBLIN 24, DUBLIN 24	SCHINDLER LIMITED

Registered - Exact CJ Details

No CJs found

Registered - Possible CJ Details

No CJs found

Mortgage Details

Mortgage Type:	A charge created or evidenced by an instrument which, if executed by an individual, would require re
Date Charge Created:	15/07/13
Date Charge Registered:	22/07/13
Date Charge Satisfied:	-
Status:	NOT SATISFIED
Person(s) Entitled:	HSBC BANK PLC
Amount Secured:
Details:	ALL MONIES AND LIABILITIES WHICH AT THE DATE OF THE DEED OR AT ANY TIME THEREAFTER ARE DUE, OWING OR INCURRED TO THE BANK BY THE CUSTOMER IN ANY CURRENCY OR CURRENCIES AND WHETHER ACTUALLY OR CONTINGENTLY AND WHETHER AT THE DATE OF THE DEED OR IN THE FUTURE AND WHETHER SOLELY OR JOINTLY WITH ANY OTHER PERSON AND WHETHER AS PRINCIPAL OR SURETY OR IN ANY WAY WHATSOEVER INCLUDING WITHOUT LIMITATION (AS WELL AFTER AS BEFORE ANY DEMAND MADE OR JUDGEMENT OR DECREE OBTAINED)... (...CONTINUED AT NOTE 1 OF THE ATTACHED CONTINUATION SHEET)

Mortgage Type:	A charge on land, wherever situate, or any interest therein, but not including a charge for any rent
Date Charge Created:	24/04/09
Date Charge Registered:	15/05/09
Date Charge Satisfied:	-
Status:	NOT SATISFIED
Person(s) Entitled:	ULSTER BANK IRELAND LIMITED
Amount Secured:
Details:

Mortgage Type:	A charge on land, wherever situate, or any interest therein, but not including a charge for any rent
Date Charge Created:	24/04/09
Date Charge Registered:	12/05/09
Date Charge Satisfied:	-
Status:	NOT SATISFIED
Person(s) Entitled:	ULSTER BANK IRELAND LIMITED
Amount Secured:
Details:

Mortgage Type:	A charge on book debts of the company.
Date Charge Created:	20/02/09
Date Charge Registered:	05/03/09
Date Charge Satisfied:	-
Status:	NOT SATISFIED
Person(s) Entitled:	ULSTER BANK IRELAND LIMITED
Amount Secured:
Details:

Mortgage Type:	A charge on land, wherever situate, or any interest therein, but not including a charge for any rent
Date Charge Created:	20/02/09
Date Charge Registered:	05/03/09
Date Charge Satisfied:	-
Status:	NOT SATISFIED
Person(s) Entitled:	ULSTER BANK IRELAND LIMITED
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:	27/10/05
Date Charge Registered:	11/11/05
Date Charge Satisfied:	-
Status:	NOT SATISFIED
Person(s) Entitled:	ULSTER BANK IRELAND LIMITED
Amount Secured:
Details:

Mortgage Type:	A charge on land, wherever situate, or any interest therein, but not including a charge for any rent
Date Charge Created:	21/10/04
Date Charge Registered:	09/11/04
Date Charge Satisfied:	-
Status:	NOT SATISFIED
Person(s) Entitled:	NATIONAL IRISH BANK 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:	10/08/04
Date Charge Registered:	30/08/04
Date Charge Satisfied:	-
Status:	NOT SATISFIED
Person(s) Entitled:	ULSTER BANK IRELAND LIMITED
Amount Secured:
Details:

Mortgage Type:	A charge for the purpose of securing any issue of debentures. A charge on uncalled share capital of
Date Charge Created:	18/06/02
Date Charge Registered:	20/06/02
Date Charge Satisfied:	14/12/07
Status:	FULLY SATISFIED
Person(s) Entitled:	BANK OF SCOTLAND (IRELAND) LIMITED
Amount Secured:	1142764.27
Details:

Mortgage Type:	A charge for the purpose of securing any issue of debentures. A charge on uncalled share capital of
Date Charge Created:	10/12/01
Date Charge Registered:	20/12/01
Date Charge Satisfied:	-
Status:	NOT SATISFIED
Person(s) Entitled:	ULSTER BANK IRELAND LIMITED
Amount Secured:
Details:

Mortgage Type:	A charge for the purpose of securing any issue of debentures. A charge on uncalled share capital of
Date Charge Created:	10/12/01
Date Charge Registered:	20/12/01
Date Charge Satisfied:	-
Status:	NOT SATISFIED
Person(s) Entitled:	ULSTER BANK IRELAND LIMITED
Amount Secured:
Details:

Mortgage Type:	MORTGAGE AND CHARGE.
Date Charge Created:	19/01/00
Date Charge Registered:	09/02/00
Date Charge Satisfied:	-
Status:	NOT SATISFIED
Person(s) Entitled:	ULSTER BANK MARKETS LIMITED
Amount Secured:
Details:	ALL MONIES AND LIABILITIES DUE OR TO BECOME DUE BY THE COMPANY WHETHER SOLELY OR JOINTLY TOGETHER WITH INTEREST

Mortgage Type:	DEED OF SURETY MORTGAGE AND CHARGE.
Date Charge Created:	09/04/99
Date Charge Registered:	29/04/99
Date Charge Satisfied:	14/12/07
Status:	FULLY SATISFIED
Person(s) Entitled:	ANGLO IRISH BANK CORPORATION PLC
Amount Secured:
Details:	ALL MONIES, OBLIGATIONS AND LIABILITIES NOW DUE OR HEREAFTER TO BECOME DUE BY THE COMPANY WITH INTEREST UNDER SPECIFIC AGREEMENT(S)

Mortgage Type:	DEED OF MORTGAGE.
Date Charge Created:	04/07/96
Date Charge Registered:	11/07/96
Date Charge Satisfied:	14/12/07
Status:	FULLY SATISFIED
Person(s) Entitled:	ICC BANK PLC
Amount Secured:
Details:	ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED

Mortgage Type:	A DEED OF DEBENTURE.
Date Charge Created:	02/11/93
Date Charge Registered:	05/11/93
Date Charge Satisfied:	14/12/07
Status:	FULLY SATISFIED
Person(s) Entitled:	ICC BANK PLC
Amount Secured:
Details:	ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED

Mortgage Type:	DEED OF MORTGAGE.
Date Charge Created:	15/10/93
Date Charge Registered:	19/10/93
Date Charge Satisfied:	14/12/07
Status:	FULLY SATISFIED
Person(s) Entitled:	ICC BANK PLC
Amount Secured:
Details:	ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED

Mortgage Type:	A DEED OF MORTGAGE AND CHARGE.
Date Charge Created:	14/05/93
Date Charge Registered:	27/05/93
Date Charge Satisfied:	14/12/07
Status:	FULLY SATISFIED
Person(s) Entitled:	ANGLO IRISH BANK CORPORATION PLC
Amount Secured:
Details:	ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED

Mortgage Type:	A DEBENTURE.
Date Charge Created:	05/04/93
Date Charge Registered:	15/04/93
Date Charge Satisfied:	14/12/07
Status:	FULLY SATISFIED
Person(s) Entitled:	ALLIED IRISH BANKS PLC
Amount Secured:
Details:	ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED

Mortgage Type:	DEED OF MORTGAGE.
Date Charge Created:	24/07/92
Date Charge Registered:	06/08/92
Date Charge Satisfied:	14/12/07
Status:	FULLY SATISFIED
Person(s) Entitled:	INDUSTRIAL CREDIT CORPORATION PLC
Amount Secured:
Details:	ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED

Mortgage Type:	DEED OF MORTGAGE.
Date Charge Created:	20/11/90
Date Charge Registered:	05/12/90
Date Charge Satisfied:	11/12/96
Status:	FULLY SATISFIED
Person(s) Entitled:	INDUSTRIAL CREDIT CORPORATION PLC
Amount Secured:	0
Details:	ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED

Mortgage Type:	DEED OF MORTGAGE.
Date Charge Created:	28/02/90
Date Charge Registered:	02/03/90
Date Charge Satisfied:	30/03/99
Status:	FULLY SATISFIED
Person(s) Entitled:	INDUSTRIAL CREDIT CORPORATION PLC
Amount Secured:
Details:	ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED

Mortgage Type:	DEED OF MORTGAGE.
Date Charge Created:	19/10/88
Date Charge Registered:	26/10/88
Date Charge Satisfied:	30/03/99
Status:	FULLY SATISFIED
Person(s) Entitled:	THE GOVERNOR & CO OF THE BANK OF IRELAND
Amount Secured:
Details:	ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED

Mortgage Type:	DEED OF MORTGAGE.
Date Charge Created:	27/07/88
Date Charge Registered:	28/07/88
Date Charge Satisfied:	14/12/07
Status:	FULLY SATISFIED
Person(s) Entitled:	INDUSTRIAL CREDIT CORPORATION PLC
Amount Secured:
Details:	ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED

Mortgage Type:	DEED OF MORTGAGE.
Date Charge Created:	10/06/86
Date Charge Registered:	01/07/86
Date Charge Satisfied:	11/12/96
Status:	FULLY SATISFIED
Person(s) Entitled:	THE GOVERNOR & CO OF THE BANK OF IRELAND
Amount Secured:	0
Details:	ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED

Mortgage Type:	DEED OF MORTGAGE.
Date Charge Created:	19/06/86
Date Charge Registered:	20/06/86
Date Charge Satisfied:	14/12/07
Status:	FULLY SATISFIED
Person(s) Entitled:	INDUSTRIAL CREDIT CORPORATION PLC
Amount Secured:
Details:	ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED

Mortgage Type:	DEED OF MORTGAGE.
Date Charge Created:	14/07/82
Date Charge Registered:	20/07/82
Date Charge Satisfied:	24/11/88
Status:	FULLY SATISFIED
Person(s) Entitled:	HEATONS LTD
Amount Secured:	0
Details:	ALL SUMS COLLATERALLY DUE

Mortgage Type:	DEED OF MORTGAGE.
Date Charge Created:	14/07/82
Date Charge Registered:	20/07/82
Date Charge Satisfied:	24/11/88
Status:	FULLY SATISFIED
Person(s) Entitled:	INDUSTRIAL CREDIT CORPORATION PLC
Amount Secured:	0
Details:	ALL SUMS COLLATERALLY DUE

Mortgage Type:	MORTGAGE/CHARGE.
Date Charge Created:	19/12/79
Date Charge Registered:	09/01/80
Date Charge Satisfied:	11/12/96
Status:	FULLY SATISFIED
Person(s) Entitled:	ROYAL TRUST COMPANY (IRELAND) LIMITED
Amount Secured:	150000
Details:

Mortgage Type:	EQUITABLE DEPOSIT OF TITLE DEEDS.
Date Charge Created:	19/04/73
Date Charge Registered:	08/05/73
Date Charge Satisfied:	11/12/96
Status:	FULLY SATISFIED
Person(s) Entitled:	LOMBARD & ULSTER BANKING IRELAND LIMITED
Amount Secured:	36000
Details:

Mortgage Type:	MORTGAGE/CHARGE.
Date Charge Created:	11/11/72
Date Charge Registered:	01/12/72
Date Charge Satisfied:	11/03/83
Status:	FULLY SATISFIED
Person(s) Entitled:	THE GOVERNOR & CO OF THE BANK OF IRELAND
Amount Secured:
Details:	ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED

Mortgage Type:	A CHARGE.
Date Charge Created:	14/07/72
Date Charge Registered:	03/08/72
Date Charge Satisfied:	11/12/96
Status:	FULLY SATISFIED
Person(s) Entitled:	OLD BROAD STREET SECURITIES IRELAND LTD
Amount Secured:	26250
Details:

Mortgage Type:	A SUPPLEMENTAL MORTGAGE.
Date Charge Created:	09/10/71
Date Charge Registered:	19/10/71
Date Charge Satisfied:	14/12/07
Status:	FULLY SATISFIED
Person(s) Entitled:	INDUSTRIAL CREDIT CORPORATION PLC
Amount Secured:	10000
Details:

Mortgage Type:	A MORTGAGE.
Date Charge Created:	21/06/71
Date Charge Registered:	28/06/71
Date Charge Satisfied:	11/12/96
Status:	FULLY SATISFIED
Person(s) Entitled:	ULSTER MERCHANT FINANCE (DUBLIN) LIM ITED
Amount Secured:	37000
Details:

Mortgage Type:	A MORTGAGE.
Date Charge Created:	16/11/70
Date Charge Registered:	07/12/70
Date Charge Satisfied:	11/12/96
Status:	FULLY SATISFIED
Person(s) Entitled:	SUN LIFE ASSURANCE CO. OF CANADA
Amount Secured:	50000
Details:

Mortgage Type:	AN EQUITABLE MORTGAGE BY DEPOSIT OF TITLE DEE.
Date Charge Created:	14/05/70
Date Charge Registered:	22/05/70
Date Charge Satisfied:	01/01/71
Status:	FULLY SATISFIED
Person(s) Entitled:	LOMBARD BANK IRELAND LIMITED
Amount Secured:
Details:	ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED

Mortgage Type:	A MORTGAGE DEBENTURE.
Date Charge Created:	24/07/69
Date Charge Registered:	29/07/69
Date Charge Satisfied:	14/12/07
Status:	FULLY SATISFIED
Person(s) Entitled:	INDUSTRIAL CREDIT CORPORATION PLC
Amount Secured:	30000
Details:

Mortgage Type:	A MORTGAGE.
Date Charge Created:	07/09/67
Date Charge Registered:	18/09/67
Date Charge Satisfied:	11/12/96
Status:	FULLY SATISFIED
Person(s) Entitled:	SUNLIFE ASSURANCE CO OF CANADA
Amount Secured:	50000
Details:	ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED

Mortgage Type:	A DEED OF CHARGE.
Date Charge Created:	18/03/67
Date Charge Registered:	29/03/67
Date Charge Satisfied:	11/03/83
Status:	FULLY SATISFIED
Person(s) Entitled:	NATIONAL BANK OF IRELAND
Amount Secured:
Details:	ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED

Mortgage Type:	DEPOSIT OF TITLE DEEDS.
Date Charge Created:	13/03/67
Date Charge Registered:	15/03/67
Date Charge Satisfied:	13/10/67
Status:	FULLY SATISFIED
Person(s) Entitled:	UNITED DOMINIONS CORPORATED (IRE.) L TD
Amount Secured:	30000
Details:

SHARE & SHARE CAPITAL INFORMATION

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value
BELLATRIX ASSOCIATES LTD	EUR	183,412	ORDINARY	1.2
BELLATRIX	EUR	1	ORDINARY	1.2

GROUP STRUCTURE & AFFILIATED COMPANIES

Ultimate Holding Company

BELLATRIX ASSOCIATES LTD

Group structure

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
BELLATRIX ASSOCIATES LTD	N/A	-	-
HEATONS	IE011229	31.12.2002	Y	€72,483,000
HEATONS (N.I.) LIMITED	NI035599	30.04.2014	N	£47,542,605

FINANCIAL INFORMATION

Key financials

Year to date	30/04/2013
Turnover	-
Pre Tax Profit	-
Shareholder funds	-
Employees	-

Year to date	31/12/2002	31/12/2001
Turnover	€72,483,000	€62,313,000
Pre Tax Profit	€2,352,000	€1,794,000
Shareholder funds	€24,733,000	€21,962,000
Employees	-	-

PROFIT & LOSS

Date Of Accounts	30/04/13	(%)	31/12/02	(%)	31/12/01	(%)	-	(%)	-
Weeks	52	(%)	52	(%)	52	(%)	-	(%)	-
Currency	EUR	(%)	EUR	(%)	EUR	(%)	-	(%)	-
Consolidated A/cs	Y	(%)	Y	(%)	Y	(%)	-	(%)	-
Turnover	-	-	€72,483,000	16.3%	€62,313,000	-	-	-	-
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	-	-100%	€45,309,000	14.9%	€39,433,000	-	-	-	-
Gross Profit	-	-	€27,174,000	17.3%	€23,158,000	-	-	-	-
Wages & Salaries	-	-	-	-	-	-	-	-	-
Directors Emoluments	-	-	-	-	-	-	-	-	-
Operating Profit	-	-	€4,441,000	33.9%	€3,316,000	-	-	-	-
Depreciation	-	-	-	-100%	€2,152,000	-	-	-	-
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	€2,039,000	33.9%	€1,523,000	-	-	-	-
Pre Tax Profit	-	-	€2,352,000	31.1%	€1,794,000	-	-	-	-
Taxation	-	-	€67,000	198.5%	-€68,000	-	-	-	-
Profit After Tax	-	-	€2,419,000	40.2%	€1,726,000	-	-	-	-
Dividends Payable	-	-	€548,000	-	-	-	-	-	-
Retained Profit	-	-	€1,871,000	8.5%	€1,725,000	-	-	-	-

BALANCE SHEET

Date Of Accounts	30/04/13	(%)	31/12/02	(%)	31/12/01	(%)	-	(%)	-
Tangible Assets	0	-100%	€43,933,000	12.2%	€39,153,000	-	-	-	-
Intangible Assets	0	-	0	-	0	-	-	-	-
Total Fixed Assets	0	-100%	€43,933,000	12.2%	€39,153,000	-	-	-	-
Stock	0	-100%	€11,311,000	26.1%	€8,973,000	-	-	-	-
Trade Debtors	0	-100%	€1,712,000	34.2%	€1,276,000	-	-	-	-
Cash	0	-100%	€2,762,000	-4.6%	€2,895,000	-	-	-	-
Other Debtors	0	-100%	€47,000	-64.9%	€134,000	-	-	-	-
Miscellaneous Current Assets	0	-	0	-	0	-	-	-	-
Total Current Assets	0	-100%	€15,832,000	19.2%	€13,277,000	-	-	-	-
Trade Creditors	0	-100%	€6,718,000	-20.1%	€8,408,000	-	-	-	-
Bank Loans & Overdrafts	0	-	0	-	0	-	-	-	-
Other Short Term Finance	0	-100%	€3,779,000	20.5%	€3,137,000	-	-	-	-
Miscellaneous Current Liabilities	0	-100%	€8,174,000	62.2%	€5,039,000	-	-	-	-
Total Current Liabilities	0	-100%	€18,671,000	12.6%	€16,584,000	-	-	-	-
Bank Loans & Overdrafts and LTL	0	-100%	€16,359,000	17.8%	€13,884,000	-	-	-	-
Other Long Term Finance	0	-100%	€16,359,000	17.8%	€13,884,000	-	-	-	-
Total Long Term Liabilities	0	-100%	€16,359,000	17.8%	€13,884,000	-	-	-	-

.

CAPITAL & RESERVES

Date Of Accounts	30/04/13	(%)	31/12/02	(%)	31/12/01	(%)	-	(%)	-
Called Up Share Capital	-	-100%	€212,000	-0.9%	€214,000	-	-	-	-
P & L Account Reserve	-	-100%	€11,259,000	19.9%	€9,390,000	-	-	-	-
Revaluation Reserve	-	-100%	€12,852,000	7.5%	€11,950,000	-	-	-	-
Sundry Reserves	-	-100%	€410,000	0.5%	€408,000	-	-	-	-
Shareholder Funds	-	-100%	€24,733,000	12.6%	€21,962,000	-	-	-	-

OTHER FINANCIAL ITEMS

Date Of Accounts	30/04/13	(%)	31/12/02	(%)	31/12/01	(%)	-	(%)	-
Net Worth	-	-100%	€24,733,000	12.6%	€21,962,000	-	-	-	-
Working Capital	-	100%	-€2,839,000	14.2%	-€3,307,000	-	-	-	-
Total Assets	-	-100%	€59,765,000	14%	€52,430,000	-	-	-	-
Total Liabilities	-	-100%	€35,030,000	15%	€30,468,000	-	-	-	-
Net Assets	-	-100%	€24,735,000	12.6%	€21,962,000	-	-	-	-

CASH FLOW

Date Of Accounts	30/04/13	(%)	31/12/02	(%)	31/12/01	(%)	-	(%)	-
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

MISCELLANEOUS

Date Of Accounts	30/04/13	(%)	31/12/02	(%)	31/12/01	(%)	-	(%)	-
Contingent Liability	NO	-	-	-	-	-	-	-	-
Capital Employed	-	-100%	€24,734,000	12.6%	€21,962,000	-	-	-	-
Number of Employees	-	-	-	-	-	-	-	-	-
Auditors	COONEY CAREY ACCOUNTING LIMITED
Auditor Comments	The audit report contains no adverse comments
Bankers
Bank Branch Code

RATIOS

Date Of Accounts	30/04/13	31/12/02	31/12/01	-	-
Pre-tax profit margin %	-	3.24	2.88	-	-
Current ratio	-	0.85	0.80	-	-
Sales/Net Working Capital	-	-	-	-	-
Gearing %	0	66.10	63.20	-	-
Equity in %	-	41.40	41.90	-	-
Creditor Days	-	33.83	49.25	-	-
Debtor Days	-	8.62	7.47	-	-
Liquidity/Acid Test	-	0.24	0.26	-	-
Return On Capital Employed %	-	9.51	8.17	-	-
Return On Total Assets Employed %	-	3.94	3.42	-	-
Current Debt Ratio	-	0.75	0.76	-	-
Total Debt Ratio	-	1.42	1.39	-	-
Stock Turnover Ratio %	-	15.61	14.40	-	-
Return on Net Assets Employed %	-	9.51	8.17	-	-

FOREIGN EXCHANGE RATES

N/A

ADDITIONAL INFORMATION

STATUS HISTORY

No Status History found.

EVENT HISTORY

Date	Description
07/03/2014	Annual Returns
04/10/2013	New Accounts Filed
01/10/2013	Annual Returns
13/10/2012	Annual Returns
08/10/2011	Annual Returns
15/09/2010	Annual Returns
26/10/2009	Annual Returns
13/07/2009	Annual Returns
19/03/2009	HUBERT ORMSBY HEATON has left the board
21/12/2008	Annual Returns
14/11/2008	VAL GANNON has left the board
29/11/2007	Annual Returns
01/11/2002	JOHN JAMES O'NEILL has resigned as company secretary
01/11/2002	New Company Secretary (BRENDAN DELANEY) appointed
22/05/2002	New Board Member (VAL GANNON) appointed

PREVIOUS COMPANY NAMES

No Previous Names found.

RECEIVED DOCUMENTS

Document Description	Status	CRO Registered Date
C1 Chg By A Co Inc. In The State	Received	19/08/2014

The documents above have been received by CRO but are currently unavailable to view.

BUSINESS OWNER LINKS

Business Name	Business No	Business Status.
HEATONS	IE011229
BHS	143058	NORMAL
HEATONS	222432	NORMAL
HEATONS	222431	NORMAL
HEATONS	212225	NORMAL
HEATONS	212224	NORMAL
HEATONS	212223	NORMAL
HEATONS	212222	NORMAL
HEATONS	212221	NORMAL
HEATONS	192276	NORMAL
HEATONS	212220	NORMAL
HEATON'S STORES	53300	NORMAL

NOTES & COMMENTS

COMMENTARY

No comments to display.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.91
UK Pound	1	Rs.98.65
Euro	1	Rs.78.64

INFORMATION DETAILS

Analysis Done by :	SUB
Report Prepared by :	TPT

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.