|
Report No. : |
304562 |
|
Report Date : |
23.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
PRIMARK |
|
|
|
|
Registered Office : |
47 Mary Street, Dublin 1, 216410 |
|
|
|
|
Country : |
Ireland |
|
|
|
|
Date of Incorporation : |
06.05.1974 |
|
|
|
|
Com. Reg. No.: |
IE047371 |
|
|
|
|
Legal Form : |
Private Unlimited With Share Capital |
|
|
|
|
Line of Business : |
·
Engaged in Retail sale
of clothing for Baby, Kid’s,
Women’s & Men’s · Subject also offers Home Ware, Accessories, Beauty and Confectionery Products |
|
|
|
|
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 : |
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 – 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 |
Company Name: PRIMARK
Company No: IE047371
Registered Address: 47 MARY STREET
DUBLIN
1
216410
Company Number IE047371
Company Name PRIMARK
Registered Address 47
MARY STREET
DUBLIN 1
216410
Website Address -
Telephone Number 018727788
Incorporation Date 06/05/1974
Type Private
unlimited with Share Capital
Share Capital €4
Currency EUR
Accounts Due Date -
Filing Date of Accounts -
Principal Activity
·
Engaged in Retail sale of
clothing for Baby, Kid’s, Women’s
& Men’s
· Subject also offers Home Ware, Accessories, Beauty and Confectionery Products
Name BREEGE
O'DONOGHUE
Date of Birth 21/06/1944
Present Appointments 3
Function Director
Appointment Date 25/01/1988
Address 53
LANDSDOWNE WOOD, DUBLIN 4
Name ARTHUR
ST. JOHN RYAN
Date of Birth 19/07/1935
Present Appointments 18
Function Director
Appointment Date 31/05/1974
Address 60
LANSDOWNE ROAD, BALLSBRIDGE, DUBLIN 4.
Name PAUL
JOHN MARCHANT
Date of Birth 22/02/1968
Present Appointments 2
Function Director
Appointment Date 01/01/2009
Address SANTA
MARIA, CUNNINGHAM ROAD, DALKEY, CO. DUBLIN
Name AIDAN
HUGH SHIELDS
Date of Birth 21/09/1967
Present Appointments 8
Function Director
Appointment Date 01/06/2010
Address GLENDASAN
HOUSE, CONVENT ROAD, DELGANY, CO.WICKLOW
Name JOHN
LYTTLE
Date of Birth 15/06/1967
Present Appointments 1
Function Director
Appointment Date 14/01/2011
Address RED
HOUSE, RIVERHEAD, SEVENOAKS, KENT TN13 3BI
Name JOANNE
MARION FERRIS
Date of Birth 11/11/1972
Present Appointments 1
Function Director
Appointment Date 14/09/2014
Address 65 COLIEMORE
ROAD, DALKEY, CO. DUBLIN
Name ROSALYN
SHARON SCHOFIELD
Present Appointments 1
Function Company
Secretary
Appointment Date 13/08/2001
Address 45
OAKLEIGH PARK SOUTH, LONDON N20 9JR, ENGLAND
Name Currency
Share Count Share Type
Nominal Value
SIZZLERS EUR
2 ORDINARY 1.27
A.B.F. NOMINEES LTD EUR 1
ORDINARY 1.27
Date Description
14/09/2014 New
Board Member (JOANNE MARION FERRIS) appointed
25/06/2013 Annual
Returns
28/03/2013
Annual Returns
28/07/2012 Annual
Returns
15/07/2011 Annual
Returns
15/06/2011 SEAMUS
MICHAEL HALFORD has left the board
27/01/2011 PATRICK
BRENDAN PRIOR has left the board
14/01/2011 New
Board Member (JOHN LYTTLE) appointed
07/07/2010 Annual
Returns
01/06/2010 New
Board Member (AIDAN HUGH SHIELDS) appointed
16/07/2009 Annual
Returns
01/01/2009 New
Board Member (PAUL JOHN MARCHANT) appointed
07/07/2008 Annual
Returns
19/12/2007 BERNARD
JOHN MICHAEL MANSFIELD has left the board
05/01/2004 New
Board Member (BERNARD JOHN MICHAEL MANSFIELD) appointed
Date Previous
Name
N/A PRIMARK
EXPORTS LIMITED
24/08/1987 PRIMARK
LIMITED
11/01/1977 PRIMARK
EXPORTS
Business Name Business
No Business
Status.
PRIMARK IE047371 --
PENNEYS 53984
NORMAL
Name Current
Directorships Previous
Directorships
WILLIAM BERNARD WRIGHT 2
17
DONALD JAMES TIDEY 5
26
LYN RICHARDSON 0
9
SEAMUS MICHAEL HALFORD 2
3
BRIAN PHILIP CREAGH 0
1
ERIC PAUL MC CULLOUGH
0 1
PATRICK BRENDAN PRIOR 25
18
CATHERINE SPRINGETT 0
11
BERNARD JOHN MICHAEL
MANSFIELD 1 1
JESSICA SOPHIE FOSTER 0
9
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.69 |
|
UK Pound |
1 |
Rs.93.33 |
|
Euro |
1 |
Rs.71.49 |
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.