MIRA INFORM REPORT

 

 

Report No. :

306472

Report Date :

28.02.2015

 

IDENTIFICATION DETAILS

 

Name :

MASONITE COMPONENTS

 

 

Formerly Known As :

MASONITE IRELAND RESEARCH

 

 

Registered Office :

6th Floor, South Bank House, Barrow St, 216410

 

 

Country :

Ireland

 

 

Date of Incorporation :

22.05.1997

 

 

Legal Form :

Private unlimited with Share Capital

 

 

Line of Business :

Not Available

 

[We tried to confirm / obtain the detailed activity but the same is not available from any sources]

 

 

No. of Employee :

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 :

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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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

 

Ashleigh Williams

 

Company Number

IE266750

Company Name

MASONITE COMPONENTS

 

Previous Name

MASONITE IRELAND RESEARCH

Date of Change

-

Show more

Registered Address

6TH FLOOR
SOUTH BANK HOUSE
BARROW ST
216410

 

Website Address

-

Telephone Number

 

TPS

No

Incorporation Date

22/05/1997

SIC07

SIC03

7484

SIC03 Description

 

 

SIC07 Description

 

Principal Activity

 

 

Type

Private unlimited with Share Capital

FTSE Index

-

Share Capital

€2

Currency

USD

Accounts Due Date

-

Filing Date of Accounts

-

 

Charity Number

-

Fax Number

 

FPS

No

 

 

DIRECTORS/MANAGEMENT

 

Current Directors

Name

CORMAC KEARNS

Date of Birth

22/10/1967

Officers Title

 

Nationality

 

Present Appointments

4

Function

Director

Appointment Date

17/12/2002

 

 

Address

BALLYSUMAGHAN, BALLINTOGHER, CO SLIGO

Other Actions

View Director Report

 

View AML Report

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

JIM KINGRY

Date of Birth

19/04/1955

Officers Title

 

Nationality

 

Present Appointments

3

Function

Director

Appointment Date

01/01/2014

 

 

Address

17269 SE 122ND CT SUMMERFIELD, FL 34491, UNITED STATES

 

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

DERMOT CURRAN

63

49

KEVIN HOY

10

11

JAMES HOEY

0

11

PETER GREGG HEIST

0

4

CAROL LOUISE BUTLER

0

4

JAMES GERARD HOEY

0

5

JAMES URBAN MORRISON III

1

7

ROBERT VERNON TUBBESING

2

3

SHARON RYAN

0

4

MANCO SNAPP

0

3

JAMES URBAN MORRISON III

1

7

DECLAN MOYLAN

13

22

BRIAN CHAPLES

0

3

MHC CORPORATE SERVICES LIMITED

306

135

BRADWELL LIMITED

1134

688

HARLEY ULSTER

0

4

JOHN MCGOEY

0

3

ROSE MURPHY

0

4

 

 

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

 

Writ Details

No writs found

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Top 20 Shareholders

Name

Currency

Share Count

Share Type

Nominal Value

MASONITE IRELAND

USD

2,000

ORDINARY

0

CROWN DOOR CORP

USD

1

ORDINARY

0

 

PAYMENT INFORMATION

 

Payment Information

 

Trade Payment Information

 

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.

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Statistics

 

Group

-

Linkages

0 companies

Countries

In 0 countries

 

Summary

 

Holding Company

-

Ownership Status

 

Ultimate Holding Company

 

 

Group structure Full

No group structure

 

 

FINANCIAL INFORMATION

 

Key financials

Year to date

-

Turnover

-

Pre Tax Profit

-

Shareholder funds

-

Employees

-

 

Year to date

-

-

Turnover

-

-

Pre Tax Profit

-

-

Shareholder funds

-

-

Employees

-

-

 

Last 3 Years Credit Rating/Limit

Date

Rating

Limit

31/12/2014

Not Rated

-

31/12/2013

Not Rated

-

31/12/2012

Not Rated

-

 

 

Profit & Loss

 

Date Of Accounts

-

(%)

-

(%)

-

(%)

-

(%)

-

Weeks

-

(%)

-

(%)

-

(%)

-

(%)

-

Currency

-

(%)

-

(%)

-

(%)

-

(%)

-

Consolidated A/cs

-

(%)

-

(%)

-

(%)

-

(%)

-

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

-

(%)

-

(%)

-

(%)

-

(%)

-

Tangible Assets

-

-

-

-

-

-

-

-

-

Intangible Assets

-

-

-

-

-

-

-

-

-

Total Fixed Assets

-

-

-

-

-

-

-

-

-

Stock

-

-

-

-

-

-

-

-

-

Trade Debtors

-

-

-

-

-

-

-

-

-

Cash

-

-

-

-

-

-

-

-

-

Other Debtors

-

-

-

-

-

-

-

-

-

Miscellaneous Current Assets

-

-

-

-

-

-

-

-

-

Total Current Assets

-

-

-

-

-

-

-

-

-

Trade Creditors

-

-

-

-

-

-

-

-

-

Bank Loans & Overdrafts

-

-

-

-

-

-

-

-

-

Other Short Term Finance

-

-

-

-

-

-

-

-

-

Miscellaneous Current Liabilities

-

-

-

-

-

-

-

-

-

Total Current Liabilities

-

-

-

-

-

-

-

-

-

Bank Loans & Overdrafts and LTL

-

-

-

-

-

-

-

-

-

Other Long Term Finance

-

-

-

-

-

-

-

-

-

Total Long Term Liabilities

-

-

-

-

-

-

-

-

-

.

 

Capital & Reserves

 

Date Of Accounts

-

(%)

-

(%)

-

(%)

-

(%)

-

Called Up Share Capital

-

-

-

-

-

-

-

-

-

P & L Account Reserve

-

-

-

-

-

-

-

-

-

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

-

-

-

-

-

-

-

-

-

 

 

Other Financial Items

 

Date Of Accounts

-

(%)

-

(%)

-

(%)

-

(%)

-

Net Worth

-

-

-

-

-

-

-

-

-

Working Capital

-

-

-

-

-

-

-

-

-

Total Assets

-

-

-

-

-

-

-

-

-

Total Liabilities

-

-

-

-

-

-

-

-

-

Net Assets

-

-

-

-

-

-

-

-

-

 

 

Cash Flow

 

Date Of Accounts

-

(%)

-

(%)

-

(%)

-

(%)

-

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

 

Miscellaneous

 

Date Of Accounts

-

(%)

-

(%)

-

(%)

-

(%)

-

Contingent Liability

-

-

-

-

-

-

-

-

-

Capital Employed

-

-

-

-

-

-

-

-

-

Number of Employees

-

-

-

-

-

-

-

-

-

Auditors

-

Auditor Comments

-

Bankers

-

Bank Branch Code

-

 

 

Ratios

 

Date Of Accounts

-

-

-

-

-

Pre-tax profit margin %

-

-

-

-

-

Current ratio

-

-

-

-

-

Sales/Net Working Capital

-

-

-

-

-

Gearing %

-

-

-

-

-

Equity in %

-

-

-

-

-

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

-

-

-

-

-

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

-

-

-

-

-

Total Debt Ratio

-

-

-

-

-

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

 

 

FOREIGN EXCHANGE RATES

 

N/a

 

 

ADDITIONAL INFORMATION

 

 

Commentary

No comments to display

 

Enquiries Trend

 

There have been 4 enquiries in the last 12 months.

There are an average of 0 reports taken each month.

 

CURRENT COMPANY SECRETARY

 

Name

ROSE MURPHY

Date of Birth

-

Officers Title

 

Nationality

 

Present Appointments

4

Function

Company Secretary

Appointment Date

01/03/2006

 

 

Address

1114 SOUTH MOODY AVENUE, TAMPA, FL 33629, UNITED STATES

 

 

Other Actions

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Status History

 

No Status History found

 

Event History View Documents

 

Date

Description

10/11/2014

Annual Returns

01/01/2014

BRIAN CHAPLES has left the board

01/01/2014

New Board Member (JIM KINGRY) appointed

15/11/2013

Annual Returns

23/11/2012

Annual Returns

01/11/2011

Annual Returns

25/10/2010

Annual Returns

10/12/2009

Annual Returns

31/12/2008

JAMES HOEY has left the board

26/10/2008

Annual Returns

07/05/2008

New Board Member (BRIAN CHAPLES) appointed

31/03/2008

JAMES URBAN MORRISON III has left the board

29/11/2007

Annual Returns

30/09/2006

ROBERT TUBBESING has left the board

01/03/2006

HARLEY ULSTER has resigned as company secretary

 

Rating History

 

Date

Rating

Description

 

31/08/2007

0

Financial Statements not filed / too old

 

Limit History

 

Date

Limit

 

 

 

31/08/2007

€0

 

 

 

Previous Company Names

 

Date

Previous Name

N/A

MASONITE IRELAND RESEARCH

 

Received Documents

 

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

 

 

 

 

 

 

Mortgage Details

 

Mortgage Type:

A charge on uncalled share capital of the company. A charge created or evidenced by an instrument wh

Date Charge Created:

06/04/05

 

 

Date Charge Registered:

26/04/05

 

 

Date Charge Satisfied:

-

 

 

Status:

NOT SATISFIED

 

 

Person(s) Entitled:

THE BANK OF NOVA SCOTIA (THE "COLLATERAL AGENT" WHICH TERM INCLUDES ITS SUCCESSORS AND ASSIGNS)

Amount Secured:

 

Details:

The payment or discharge of each of the Secured Obligations at the time and in the manner provided in the relevant Credit Document for their payment or discharge by the relevant Credit Party. Defined terms have the meanings given to them in the Annex attached to form C1

 

 

 

NOTES & COMMENTS

 

N/a

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.79

UK Pound

1

Rs.95.42

Euro

1

Rs.69.28

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

ASH

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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