MIRA INFORM REPORT
|
Report No. : |
302306 |
|
Report Date : |
08.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
JOHN CONATY LIMITED |
|
|
|
|
Registered Office : |
Sylvan Park, Kells, Co Meath, 336004 |
|
|
|
|
Country : |
Ireland |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
02.11.2009 |
|
|
|
|
Com. Reg. No.: |
IE476989 |
|
|
|
|
Legal Form : |
Private Limited With Share Capital |
|
|
|
|
Line of Business : |
Agents involved in the sale
of machinery, Industrial
Equipment, Ships and Aircraft [We tried to confirm / obtain the detailed activity but the same is not available from any sources.] |
|
|
|
|
No of Employees : |
Not Available [We tried to confirm the number of employees but no one is ready to
part any information from the company management.] |
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 : |
Satisfactory |
|
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: |
JOHN
CONATY LIMITED |
|
Company
Number: |
IE476989 |
|
Company
Status: |
Active –
Accounts Filled |
|
Registered
Address |
SYLVAN
PARK |
FPS |
Yes |
|
|
KELLS |
Incorporate
Date |
02/11/2009 |
|
|
CO MEATH |
Type |
Private
limited with Share Capital |
|
|
336004 |
Share
Capital |
€100 |
|
Currency |
EUR |
|
|
Principal
Activity |
|
|
|
|
AGENTS INVOLVED
IN THE SALE OF MACHINERY, INDUSTRIAL EQUIPMENT, SHIPS AND AIRCRAFT |
|||
DIRECTORS/MANAGEMENT
Current Directors
|
Name |
JOHN
CONATY |
Date of
Birth |
06/07/1954 |
|
Officers
Title |
|
Nationality |
|
|
Present
Appointments |
2 |
Function |
Director |
|
Appointment
Date |
02/11/2009 |
|
|
|
Address |
SYLVAN
PARK, KELLS, CO. MEATH |
||
|
Name |
PHILOMENA
BRADLEY |
Date of
Birth |
22/01/1958 |
|
Officers Title |
|
Nationality |
|
|
Present
Appointments |
1 |
Function |
Director |
|
Appointment
Date |
02/11/2009 |
|
|
|
Address |
SYLVAN
PARK, KELLS, CO. MEATH |
||
Previous
Director/Company Secretaries
|
Name |
Current
Directorships |
Previous
Directorships |
|
GILL
HANLON |
189 |
5815 |
|
HILARY
O'BRIEN |
85 |
2091 |
|
GILL
HANLON |
189 |
5815 |
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 |
Mortgage Details
|
Mortgage
Type: |
A
floating charge on the undertakings or property of the company. |
||
|
Date
Charge Created: |
20/05/10 |
|
|
|
Date
Charge Registered: |
26/05/10 |
|
|
|
Status: |
NOT
SATISFIED |
|
|
|
Person(s)
Entitled: |
DANSKE
BANK A/S TRADING AS NATIONAL IRISH BANK |
||
SHARE
& SHARE CAPITAL INFORMATION
Top 20
Shareholders
|
Name |
Currency |
Share
Count |
Share Type |
Nominal
Value |
% of
Total Share Count |
|
PHILOMENA
BRADLEY |
EUR |
50 |
ORDINARY |
1 |
50 |
|
JOHN
CONATY |
EUR |
50 |
ORDINARY |
1 |
50 |
PAYMENT
INFORMATION
Mortgage Summary
|
Total
Mortgage |
1 |
|
Summary |
1 |
|
Satisfied |
0 |
Trade debtors / Bad
debts Summary
|
Total
Number of Documented Trade |
0 |
|
Total
Value of Documented Trade |
€0 |
|
Average Invoice Value |
€180.93 |
|
Invoices available |
27 |
|
Paid |
23 |
|
Outstanding |
4 |
|
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
|
Business Owner
Links
|
Business
Name |
Business
No |
Business
Status. |
|
JOHN
CONATY LIMITED |
IE476989 |
---- |
|
SYLVAN
TRACTOR SPARES |
403246 |
NORMAL |
FINANCIAL
INFORMATION
Key Financials
|
Year to
Date |
Shareholder
Funds |
|
31/12/2013 |
€821,029 |
|
31/12/2012 |
€611,632 |
|
31/12/2011 |
€387,960 |
Profit & Loss
|
Date Of
Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
- |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
- |
|
Currency |
EUR |
(%) |
EUR |
(%) |
EUR |
(%) |
EUR |
(%) |
- |
|
Consolidated
A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
- |
|
Depreciation |
€14,770 |
14.6% |
€12,886 |
35% |
€9,542 |
5.1% |
€9,078 |
- |
- |
Balance Sheet
|
Date Of
Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
- |
|
Tangible
Assets |
€66,595 |
7.3% |
€62,067 |
7.5% |
€57,717 |
-9.2% |
€63,544 |
- |
- |
|
Intangible
Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
- |
|
Total
Fixed Assets |
€66,595 |
7.3% |
€62,067 |
7.5% |
€57,717 |
-9.2% |
€63,544 |
- |
- |
|
Stock |
€995,225 |
49.4% |
€665,960 |
9.5% |
€608,450 |
60.8% |
€378,450 |
- |
- |
|
Trade
Debtors |
€30,355 |
8.7% |
€27,926 |
27.2% |
€21,956 |
-62.3% |
€58,264 |
- |
- |
|
Cash |
€266,640 |
-25.6% |
€358,466 |
67.9% |
€213,476 |
146.1% |
€86,734 |
- |
- |
|
Other
Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
- |
|
Miscellaneous
Current Assets |
€2,040 |
- |
0 |
- |
0 |
- |
0 |
- |
- |
|
Total
Current Assets |
€1,294,260 |
23% |
€1,052,352 |
24.7% |
€843,882 |
61.2% |
€523,448 |
- |
- |
|
Trade
Creditors |
€125,949 |
7.3% |
€117,368 |
-3.6% |
€121,717 |
5% |
€115,909 |
- |
- |
|
Bank
Loans & Overdrafts |
€7,870 |
881.3% |
€802 |
29.4% |
€620 |
- |
0 |
- |
- |
|
Other
Short Term Finance |
€330,542 |
-6.3% |
€352,744 |
-3.3% |
€364,594 |
45.1% |
€251,227 |
- |
- |
|
Miscellaneous
Current Liabilities |
€75,465 |
136.8% |
€31,873 |
19.3% |
€26,708 |
-12.7% |
€30,608 |
- |
- |
|
Total
Current Liabilities |
€539,826 |
7.4% |
€502,787 |
-2.1% |
€513,639 |
29.1% |
€397,744 |
- |
- |
|
Bank
Loans & Overdrafts and LTL |
€7,870 |
881.3% |
€802 |
29.4% |
€620 |
- |
0 |
- |
- |
|
Other
Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
- |
|
Total
Long Term Liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
- |
Capital &
Reserves
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
- |
|
Called Up
Share Capital |
€100 |
- |
€100 |
- |
€100 |
- |
€100 |
- |
- |
|
P & L
Account Reserve |
€820,929 |
34.2% |
€611,532 |
57.7% |
€387,860 |
105.1% |
€189,148 |
- |
- |
|
Shareholder
Funds |
€821,029 |
34.2% |
€611,632 |
57.7% |
€387,960 |
105% |
€189,248 |
- |
- |
Other Financial
Items
|
Date Of
Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
- |
|
Net Worth |
€821,029 |
34.2% |
€611,632 |
57.7% |
€387,960 |
105% |
€189,248 |
- |
- |
|
Working
Capital |
€754,434 |
37.3% |
€549,565 |
66.4% |
€330,243 |
162.7% |
€125,704 |
- |
- |
|
Total
Assets |
€1,360,855 |
22.1% |
€1,114,419 |
23.6% |
€901,599 |
53.6% |
€586,992 |
- |
- |
|
Total
Liabilities |
€539,826 |
7.4% |
€502,787 |
-2.1% |
€513,639 |
29.1% |
€397,744 |
- |
- |
|
Net
Assets |
€821,029 |
34.2% |
€611,632 |
57.7% |
€387,960 |
105% |
€189,248 |
- |
- |
Miscellaneous
|
Date Of
Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
|
Contingent
Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
|
Capital
Employed |
€821,029 |
34.2% |
€611,632 |
57.7% |
€387,960 |
105% |
€189,248 |
- |
Ratios
|
Date Of
Accounts |
31/12/13 |
31/12/12 |
31/12/11 |
31/12/10 |
|
Pre-tax
profit margin % |
- |
- |
- |
- |
|
Current
ratio |
2.40 |
2.09 |
1.64 |
1.32 |
|
Sales/Net
Working Capital |
- |
- |
- |
- |
|
Gearing % |
1 |
0.10 |
0.20 |
0 |
|
Equity in
% |
60.30 |
54.90 |
43 |
32.20 |
|
Creditor
Days |
- |
- |
- |
- |
|
Debtor
Days |
- |
- |
- |
- |
|
Liquidity/Acid
Test |
0.55 |
0.76 |
0.45 |
0.36 |
|
Return On
Capital Employed % |
- |
- |
- |
- |
|
Return On
Total Assets Employed % |
- |
- |
- |
- |
|
Current
Debt Ratio |
0.65 |
0.82 |
1.32 |
2.10 |
|
Total
Debt Ratio |
0.65 |
0.82 |
1.32 |
2.10 |
|
Stock
Turnover Ratio % |
- |
- |
- |
- |
|
Return on
Net Assets Employed % |
- |
- |
- |
- |
ADDITIONAL
INFORMATION
Current Company
Secretary
|
Name |
JOHN
CONATY |
Date of
Birth |
06/07/1954 |
|
Officers
Title |
|
Nationality |
|
|
Present Appointments |
2 |
Function |
Company
Secretary |
|
Appointment
Date |
02/11/2009 |
|
|
|
Address |
SYLVAN
PARK, KELLS, CO. MEATH |
||
|
Auditors |
|
|
Auditor
Comments |
The
company is exempt from audit |
|
Bankers |
DANSKE
BANK |
|
Bank
Branch Code |
95-18-99 |
Status History
|
No Status
History found |
Event History
|
Date |
Description |
|
19/05/2014 |
New
Accounts Filed |
|
19/05/2014 |
Annual
Returns |
|
25/06/2013 |
New
Accounts Filed |
|
24/06/2013 |
Annual
Returns |
|
19/06/2012 |
New
Accounts Filed |
|
19/06/2012 |
New
Accounts Filed |
|
16/06/2012 |
Annual
Returns |
|
09/07/2011 |
New
Accounts Filed |
|
07/07/2011 |
Annual
Returns |
|
17/06/2010 |
Annual
Returns |
|
02/11/2009 |
GILL
HANLON has resigned as company secretary |
|
02/11/2009 |
GILL HANLON
has left the board |
|
02/11/2009 |
HILARY
O'BRIEN has left the board |
|
02/11/2009 |
New Board
Member (PHILOMENA BRADLEY) appointed |
|
02/11/2009 |
New Board
Member (JOHN CONATY) appointed |
Previous Company
Names
|
No
Previous Names found |
NOTES
& COMMENTS
Commentary
|
No exact
match CCJs are recorded against the company. |
|
Net Worth
increased by 34.2% during the latest trading period. |
|
A 22.1%
growth in Total Assets occurred during the latest trading period. |
|
The movement
in accumulated earnings would indicate that the company made a profit after
tax and other appropriations, including dividends. |
|
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. |
|
The
company saw a decrease in their Cash Balance of 25.6% 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
company was established over 5 years ago. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.45 |
|
UK Pound |
1 |
Rs.95.99 |
|
Euro |
1 |
Rs.75.28 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.