MIRA INFORM REPORT
|
Report No. : |
301676 |
|
Report Date : |
06.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
KINGSPAN GROUP PUBLIC LIMITED COMPANY |
|
|
|
|
Registered Office : |
Dublin Road, Kingscourt, Co Cavan, 349609 |
|
|
|
|
Country : |
Ireland |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
14.08.1979 |
|
|
|
|
Com. Reg. No.: |
IE070576 |
|
|
|
|
Legal Form : |
Public Limited with Share Capital |
|
|
|
|
Line of Business : |
· Manufacturer of Metal Structures & Parts of Structures · A group engaged in manufacturer of Insulated Panels, Rigid Insulation Board, Raised Access Floors, Steel Frames and Timber Frame Off- Site Solutions, Environmental & Renewable Fuel & Water Storage Solutions as well as Hot Water Systems. |
|
|
|
|
No of Employees : |
6439 (31.12.2013) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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
|
Company Name: |
KINGSPAN GROUP PUBLIC LIMITED COMPANY |
|
Company No: |
IE070576 |
|
Company Status: |
Active - Accounts Filed |
|
Registered Address: |
DUBLIN ROAD |
|
|
KINGSCOURT |
|
|
CO CAVAN |
|
|
349609 |
DIRECTORS/MANAGEMENT
Total
Current Directors 11
Total
Current Secretaries 1
Total
Previous Directors / Company
Secretaries 21
|
Current Directors |
|||
|
Name |
MICHAEL CAWLEY |
Date of Birth |
28/04/1954 |
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
6 |
Function |
Director |
|
Appointment Date |
01/05/2014 |
|
|
|
Address |
CRESSLOUGH, UPPER KINDLESTOWN, DELGANY, CO. WICKLOW |
|
|
|
Name |
EUGENE MURTAGH |
Date of Birth |
23/06/1942 |
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
6 |
Function |
Director |
|
Appointment Date |
22/08/1979 |
|
|
|
Address |
LIOS NA CARRAIGE, CABRA, KINGSCOURT, CO CAVAN |
|
|
|
Name |
EUGENE MICHAEL MURTAGH |
Date of Birth |
18/05/1971 |
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
01/11/1999 |
|
|
|
Address |
THE COACH HOUSE, BLACKROCK, CO. LOUTH |
|
|
|
Name |
RUSSELL GRANT SHIELS |
Date of Birth |
20/03/1961 |
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
31/12/1996 |
|
|
|
Address |
905, HAYFIELDS ROAD, COCKEYSVILLE MARYLAND MD UNITED STATES |
|
|
|
Name |
HELEN KIRKPATRICK |
Date of Birth |
29/09/1958 |
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
01/06/2007 |
|
|
|
Address |
70 LONG RIG ROAD, NUTS CORNER, CRUMLIN BT29 4YX, CO ANTRIM |
|
|
|
Name |
PETER WILSON |
Date of Birth |
07/12/1956 |
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
14/02/2003 |
|
|
|
Address |
2, CYPRESS GARDENS OVERBURY ROAD HEREFORD, HR1 1JU |
|
|
|
Name |
GEOFFREY DOHERTY |
Date of Birth |
03/04/1971 |
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
5 |
Function |
Director |
|
Appointment Date |
04/01/2011 |
|
|
|
Address |
11 SOMERTON, CASTLEKNOCK GOLF CLUB, PORTERSTOWN ROAD, DUBLIN 15. |
|
|
|
Name |
GILBERT MCCARTHY |
Date of Birth |
07/05/1971 |
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
5 |
Function |
Director |
|
Appointment Date |
01/09/2011 |
|
|
|
Address |
FORREST HAVEN, CABRA, KINGSCOURT, CO. CAVAN. |
|
|
|
Current Company Secretary |
|||||
|
Name |
LORCAN DOWD |
Date of Birth |
27/06/1968 |
||
|
Officers Title |
|
Nationality |
|
||
|
Present Appointments |
5 |
Function |
Company Secretary |
||
|
Appointment Date |
25/07/2005 |
||||
|
Address |
25 THE VIEW ROBS WALL MALAHIDE DUBLIN IRELAND |
||||
|
Previous Director/Company Secretaries |
|||||
|
Name |
Current Directorships |
Previous Directorships |
|||
|
PATRICK MOLLOY |
2 |
7 |
|||
|
KEVIN O'CONNELL |
0 |
10 |
|||
|
EOIN MCCARTHY |
6 |
18 |
|||
|
DERMOT MULVIHILL |
10 |
55 |
|||
|
DERMOT MULVIHILL |
10 |
55 |
|||
|
THOMAS PAUL MULCAHY |
2 |
62 |
|||
|
DAVID BYRNE |
5 |
5 |
|||
|
BRIAN GERARD HILL |
0 |
4 |
|||
|
DANIEL KITCHEN |
12 |
31 |
|||
|
DANIEL KITCHEN |
12 |
31 |
|||
|
PATRICK ANTHONY MCARDLE |
15 |
1 |
|||
|
BRENDAN MURTAGH |
5 |
53 |
|||
|
JAMES PAUL |
0 |
2 |
|||
|
RORY O'HANLON |
0 |
1 |
|||
|
DERMOT MULVIHILL |
10 |
55 |
|||
|
NOEL CROWE |
0 |
9 |
|||
|
BRIAN AUGUSTINE JOYCE |
1 |
40 |
|||
|
GORDON MURPHY |
13 |
38 |
|||
|
ROBERT BARR |
5 |
1 |
|||
|
LOUIS EPERJESI |
0 |
2 |
|||
|
SAMUEL J RUSK |
0 |
6 |
|||
NEGATIVE
INFORMATION
|
Mortgage Summary |
|
|||||
|
Total Mortgage |
13 |
|
||||
|
Outstanding |
0 |
|
||||
|
Satisfied |
13 |
|
||||
|
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 |
|
||
|
Mortgage Details |
||||||
|
Mortgage Type: |
COLLATERAL COMPOSITE MORTGAGE DEBENTURE. |
|||||
|
Date Charge Created: |
14/12/93 |
|||||
|
Date Charge Registered: |
22/12/93 |
|||||
|
Date Charge Satisfied: |
09/11/00 |
|||||
|
Status: |
FULLY SATISFIED |
|||||
|
Person(s) Entitled: |
ICC BANK PLC |
|||||
|
Amount Secured: |
|
|||||
|
Details: |
ALL SUMS DUE/TO BECOME DUE WITH INTEREST UNDER SPECIFIC AGREEMENT(S) |
|||||
|
Mortgage Type: |
DEED OF ASSIGNMENT OF LIFE POLICIES. |
|||||
|
Date Charge Created: |
14/12/93 |
|||||
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Date Charge Registered: |
22/12/93 |
|||||
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Date Charge Satisfied: |
09/11/00 |
|||||
|
Status: |
FULLY SATISFIED |
|||||
|
Person(s) Entitled: |
ICC BANK PLC |
|||||
|
Amount Secured: |
|
|||||
|
Details: |
ALL SUMS DUE UNDER A SPECIFIC AGREEMENT |
|||||
|
Mortgage Type: |
COMPOSITE GUARANTEE DEBENTURE. |
|||||
|
Date Charge Created: |
26/11/93 |
|||||
|
Date Charge Registered: |
02/12/93 |
|||||
|
Date Charge Satisfied: |
09/11/00 |
|||||
|
Status: |
FULLY SATISFIED |
|||||
|
Person(s) Entitled: |
THE GOVERNOR & CO OF THE BANK OF IRELAND |
|||||
|
Amount Secured: |
|
|||||
|
Details: |
ALL MONIES OBLIGATIONS LIABILITIES DUE OR TO BECOME DUE/SOLELY/JOINTLY WITH
INTEREST |
|||||
|
Mortgage Type: |
DEED OF COLLATERAL CHATTEL MORTGAGE. |
|||||
|
Date Charge Created: |
25/05/90 |
|||||
|
Date Charge Registered: |
05/06/90 |
|||||
|
Date Charge Satisfied: |
09/11/00 |
|||||
|
Status: |
FULLY SATISFIED |
|||||
|
Person(s) Entitled: |
INDUSTRIAL CREDIT CORPORATION PLC |
|||||
|
Amount Secured: |
|
|||||
|
Details: |
ALL SUMS COLLATERALLY DUE/TO BECOME DUE BY KINGSPAN BUILDING PRODUCTS LIMITED |
|||||
|
Mortgage Type: |
DEED OF COLLATERAL DEBENTURE. |
|||||
|
Date Charge Created: |
25/05/90 |
|||||
|
Date Charge Registered: |
05/06/90 |
|||||
|
Date Charge Satisfied: |
09/11/00 |
|||||
|
Status: |
FULLY SATISFIED |
|||||
|
Person(s) Entitled: |
INDUSTRIAL CREDIT CORPORATION PLC |
|||||
|
Amount Secured: |
|
|||||
|
Details: |
ALL SUMS COLLATERALLY DUE/TO BECOME DUE BY KINGSPAN BUILDING PRODUCTS LIMITED |
|||||
|
Mortgage Type: |
A DEBENTURE. |
|||||
|
Date Charge Created: |
16/01/89 |
|||||
|
Date Charge Registered: |
27/01/89 |
|||||
|
Date Charge Satisfied: |
09/11/00 |
|||||
|
Status: |
FULLY SATISFIED |
|||||
|
Person(s) Entitled: |
IRISH INTERCONTINENTAL BANK LIMITED |
|||||
|
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: |
28/04/87 |
|||||
|
Date Charge Registered: |
19/05/87 |
|||||
|
Date Charge Satisfied: |
09/11/00 |
|||||
|
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 CHATTEL MORTGAGE. |
|||||
|
Date Charge Created: |
13/05/87 |
|||||
|
Date Charge Registered: |
19/05/87 |
|||||
|
Date Charge Satisfied: |
09/11/00 |
|||||
|
Status: |
FULLY SATISFIED |
|||||
|
Person(s) Entitled: |
INDUSTRIAL CREDIT CORPORATION PLC |
|||||
|
Amount Secured: |
|
|||||
|
Details: |
ALL SUMS COLLATERALLY DUE |
|||||
|
Mortgage Type: |
DEED OF CHATTEL MORTGAGE. |
|||||
|
Date Charge Created: |
13/05/87 |
|||||
|
Date Charge Registered: |
19/05/87 |
|||||
|
Date Charge Satisfied: |
09/11/00 |
|||||
|
Status: |
FULLY SATISFIED |
|||||
|
Person(s) Entitled: |
KINGSCOURT ENGINEERING GROUP LIMITED |
|||||
|
Amount Secured: |
|
|||||
|
Details: |
ALL SUMS COLLATERALLY DUE |
|||||
|
Mortgage Type: |
A DEBENTURE. |
|||||
|
Date Charge Created: |
17/02/84 |
|||||
|
Date Charge Registered: |
09/03/84 |
|||||
|
Date Charge Satisfied: |
09/11/00 |
|||||
|
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 THEPERSON(S) ENTITLED |
|||||
|
Mortgage Type: |
DEED OF COLLATERAL MORTGAGE. |
|||||
|
Date Charge Created: |
16/06/83 |
|||||
|
Date Charge Registered: |
30/06/83 |
|||||
|
Date Charge Satisfied: |
09/11/00 |
|||||
|
Status: |
FULLY SATISFIED |
|||||
|
Person(s) Entitled: |
INDUSTRIAL CREDIT CORPORATION PLC |
|||||
|
Amount Secured: |
|
|||||
|
Details: |
ALL SUMS COLLATERALLY DUE BY SEC FORM LTD. |
|||||
|
Mortgage Type: |
DEED OF COLLATERAL DEBENTURE. |
|||||
|
Date Charge Created: |
10/06/81 |
|||||
|
Date Charge Registered: |
26/06/81 |
|||||
|
Date Charge Satisfied: |
09/11/00 |
|||||
|
Status: |
FULLY SATISFIED |
|||||
|
Person(s) Entitled: |
INDUSTRIAL CREDIT CORPORATION PLC |
|||||
|
Amount Secured: |
|
|||||
|
Details: |
ALL SUMS COLLATERALLY DUE BY KINGSCOURT CONSTRUCTION GROUP LTD. |
|||||
|
Mortgage Type: |
DEED OF COLLATERAL DEBENTURE. |
|||||
|
Date Charge Created: |
10/06/81 |
|||||
|
Date Charge Registered: |
26/06/81 |
|||||
|
Date Charge Satisfied: |
09/11/00 |
|||||
|
Status: |
FULLY SATISFIED |
|||||
|
Person(s) Entitled: |
INDUSTRIAL CREDIT CORPORATION PLC |
|||||
|
Amount Secured: |
|
|||||
|
Details: |
ALL SUMS COLLATERALLY DUE BY SHELTER INSULATIONS LTD. |
|||||
|
Mortgage Type: |
DEED OF COLLATERAL DEBENTURE. |
|||||
|
Date Charge Created: |
10/06/81 |
|||||
|
Date Charge Registered: |
26/06/81 |
|||||
|
Date Charge Satisfied: |
09/11/00 |
|||||
|
Status: |
FULLY SATISFIED |
|||||
|
Person(s) Entitled: |
INDUSTRIAL CREDIT CORPORATION PLC |
|||||
|
Amount Secured: |
|
|||||
|
Details: |
ALL SUMS COLLATERALLY DUE BY HANGER IND DOORS MANUF. LTD. |
|||||
PAYMENT
INFORMATION
|
Trade Debtors / Bad Debt Summary |
|
|
Total Number of Documented Trade |
0 |
|
Total Value of Documented Trade |
€0 |
|
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. |
|
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
FINANCIAL
INFORMATION
|
Key Financials |
||||
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder |
Funds Employees |
|
31/12/2013 |
€1,790,291,000 |
€101,985,000 |
€851,764,000 |
6439 |
|
31/12/2012 |
€1,628,718,000 |
€89,952,000 |
€806,263,000 |
5754 |
|
31/12/2011 |
€1,546,893,000 |
€77,764,000 |
€728,848,000 |
5776 |
ADDITIONAL
INFORMATION
|
Event History |
|
|
Date |
Description |
|
28/10/2014 |
New Accounts Filed |
|
28/10/2014 |
New Accounts Filed |
|
27/10/2014 |
Annual Returns |
|
01/05/2014 |
BRIAN GERARD HILL has left the board |
|
01/05/2014 |
DAVID BYRNE has left the board |
|
01/05/2014 |
New Board Member (JOHN CRONIN) appointed |
|
01/05/2014 |
New Board Member (MICHAEL CAWLEY) appointed |
|
24/10/2013 |
New Accounts Filed |
|
24/10/2013 |
New Accounts Filed |
|
16/10/2013 |
Annual Returns |
|
01/06/2013 |
New Board Member (LINDA HICKEY) appointed |
|
09/05/2013 |
PATRICK ANTHONY MCARDLE has left the board |
|
12/11/2012 |
New Accounts Filed |
|
12/11/2012 |
New Accounts Filed |
|
10/11/2012 |
Annual Returns |
|
Previous Company Names |
|
|
Date |
Previous Name |
|
N/A |
KINGSCOURT ENGINEERING GROUP LTD |
|
06/07/1987 |
KINGSPAN GROUP LIMITED |
|
Writ Details |
|
|
No writs found |
|
NOTES
& COMMENTS
|
Commentary |
|
No exact match CCJs are recorded against the company. |
|
Sales in the latest trading period increased 9.9% on the previous trading period. |
|
Net Worth increased by 16.3% during the latest trading period. |
|
A 0.5% growth in Total Assets occurred during the latest trading period. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.39 |
|
UK Pound |
1 |
Rs.96.85 |
|
Euro |
1 |
Rs.75.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MNL |
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.