MIRA INFORM REPORT
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Report No. : |
302795 |
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Report Date : |
23.01.2015 |
IDENTIFICATION DETAILS
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Name : |
MERVUE LABORATORIES LIMITED |
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Registered Office : |
White's Cross Cork 180014 |
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Country : |
Ireland |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
15.04.2008 |
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Com. Reg. No.: |
IE456058 |
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Legal Form : |
Private limited with Share Capital |
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Line of Business : |
Other Research and Experimental Development on Natural Sciences and
Engineering. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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Ireland |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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Source
: CIA |
REGISTERED
NAME & COMPANY SUMMARY
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Company Name: |
MERVUE LABORATORIES LIMITED |
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Company Number: |
IE456058 |
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Company Status: |
Active – Accounts Filed |
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Registered Address |
WHITE'S CROSS |
Trading Address |
WHITE'S CROSS |
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CORK |
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CORK |
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180014 |
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CORK |
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180014 |
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Website Address |
- |
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Telephone Number |
- |
Fax Number |
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TPS |
- |
FPS |
No |
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Incorporate Date |
15/04/2008 |
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Previous Name |
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Type |
Private limited with Share Capital |
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FTSE Index |
- |
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Date of Change |
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Filing Date of Accounts |
- |
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Currency |
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Share Capital |
€100 |
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SIC 07 |
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Charity Number |
- |
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SIC07 Description |
OTHER RESEARCH AND EXPERIMENTAL DEVELOPMENT ON NATURAL SCIENCES AND
ENGINEERING |
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Principal Activity
-- |
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DIRECTORS/MANAGEMENT
Current
Directors
Name MARTIN JAMES BEIRNE Date of Birth 14/10/1955
Officers Title Nationality
Present Appointments 8 Function Director
Appointment Date 15/04/2008
Address CARRIGNAVEEN, INISCARRA, CO. CORK.
Name WILLIAM TWOMEY Date of Birth 05/05/1970
Officers Title Nationality
Present Appointments 4 Function Director
Appointment Date 15/04/2008
Address 16 HEATHERFIELD AVE, WATERFALL, CORK
Previous
Director/Company Secretaries
Name Current Directorships Previous Directorships
ICC TRUST & CORPORATE SERVICES LIMITED 387 10520
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
SHARE
& SHARE CAPITAL INFORMATION
Top 20 Shareholders
Name Currency Share Count Share Type Nominal Value % of Total Share Count
WILLIAM TWOMEY EUR 50 ORDINARY 1 50
MARTIN BEIRNE EUR 50 ORDINARY 1 50
PAYMENT
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
Enquiries Trend
The last enquiry date was
28/11/2014
There have been 11 enquiries
in the last 12 months.
There are an average of 1
reports taken each month.
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
Statistics
Group -
Linkages 0 companies
Countries In 0 countries
Summary
Holding Company -
Ownership Status
Ultimate Holding Company -
Group structure
No group structure
FINANCIAL
INFORMATION
Key Financials
Year to Date Turnover Pre Tax Profit Shareholder Funds Employees
31/03/2013 - - €160,238 -
31/03/2012 - - €48,016 -
31/03/2011 - - €33,159 -
FOREIGN
EXCHANGE RATES
N/A
ADDITIONAL
INFORMATION
Current Company Secretary
Name MARTIN JAMES BEIRNE Date of Birth 14/10/1955
Officers Title Nationality
Present Appointments 8 Function Company Secretary
Appointment Date 15/04/2008
Address CARRIGNAVEEN, INISCARRA, CO. CORK.
Status History
No Status History found
Event History
Date Description
25/02/2014 New Accounts Filed
25/02/2014 New Accounts Filed
30/01/2014 Annual Returns
05/03/2013 New Accounts Filed
04/03/2013 Annual Returns
07/02/2012 Annual Returns
06/02/2012 New Accounts Filed
02/02/2011 Annual Returns
02/02/2011 New Accounts Filed
04/02/2010 Annual Returns
04/02/2010 New Accounts Filed
30/10/2009 Annual Returns
11/03/2009 Annual Returns
11/03/2009 Annual Returns
15/04/2008 ICC TRUST & CORPORATE SERVICES
LIMITED has resigned as company secretary
Previous Company Names
No Previous Names found
Writ Details
No writs found
NOTES
& COMMENTS
Commentary
No exact match CCJs are
recorded against the company.
Net Worth increased by
233.7% during the latest trading period.
A 18.2% growth in Total
Assets occurred during the latest trading period.
The company saw an increase
in their Cash Balance of 2.7% during the latest trading period.
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 audit report contains no
adverse comments.
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 made a profit after tax and other
appropriations, including dividends.
The company was established
over 6 years ago.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.69 |
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1 |
Rs.93.33 |
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Euro |
1 |
Rs.71.49 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
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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.