MIRA INFORM REPORT
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Report No. : |
329180 |
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Report Date : |
01.07.2015 |
IDENTIFICATION DETAILS
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Name : |
KERRY INGREDIENTS & FLAVOURS LIMITED |
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Registered Office : |
Prince's Street Tralee Co Kerry 672822 |
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Country : |
Ireland |
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Date of Incorporation : |
10.06.2009 |
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Com. Reg. No.: |
IE471704 |
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Legal Form : |
Limited Company |
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Line of Business : |
Agents Involved In The Sale of Food, Beverages And Tobacco |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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 Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 dropped sharply during the world financial crisis and the subsequent collapse of its domestic property market and construction industry. Faced with sharply reduced revenues and a burgeoning budget deficit from efforts to stabilize its fragile banking sector, the Irish Government introduced the first in a series of draconian budgets in 2009. 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. 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 banking sector and avoid defaulting on its sovereign debt. In March 2011, the KENNY government intensified austerity measures to meet the deficit targets under Ireland's EU-IMF bailout program. 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. In 2014, the economy rapidly picked up and GDP grew by 3.6%. The recovering economy assisted lowering the deficit to 4.2% of GDP. In late 2014, the government introduced a fiscally neutral budget, marking the end of the austerity program. 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. Ireland’s low corporation tax of 12.5% has been central to encouraging business investment. Loose tax residency requirements made Ireland a common destination for international firms seeking to avoid taxation. Amid growing international pressure the government announced it would phase in more stringent tax laws, effectively closing a loophole.
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Source
: CIA |
Company
name & address
Company Name: KERRY INGREDIENTS & FLAVOURS LIMITED
Company No: IE471704
Company Status: Section 17 (Southern Ireland)
Registered Address: PRINCE'S STREET TRALEE CO KERRY 672822
Company
Summary
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Registered
Address |
PRINCE'S STREET |
Trading Address |
- |
|
Website Address |
-- |
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Telephone Number |
-- |
Fax Number |
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TPS |
-- |
FPS |
No |
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Incorporation
Date |
10/06/2009 |
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Previous Name |
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Type |
Other |
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FTSE Index |
- |
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Date of Change |
- |
Filing Date of
Accounts |
- |
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Currency |
EUR |
Share Capital |
€2 |
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SIC07 |
46170 |
Charity Number |
- |
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SIC07
Description |
AGENTS INVOLVED IN THE SALE OF FOOD, BEVERAGES AND TOBACCO |
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Principal
Activity |
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KERRY
AGRIBUSINESS
Old Limerick Road, Charleville Co Cork
Tel. No.: +353 6335236
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
Commentary
No comments to display
CJ
|
Total Number of Exact CJs - |
0 |
Total Value of Exact CJs - |
€0 |
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Total Number of Possible CJs - |
0 |
Total Value of Possible CJs - |
€0 |
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Total Number of Satisfied CJs - |
0 |
Total Value of Satisfied CJs - |
€0 |
Payment
Information
Trade Payment
Information
|
Average Invoice Value |
9887.40 |
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Invoices available |
63 |
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Paid |
63 |
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Outstanding |
0 |
Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.
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Total Current Directors |
3 |
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Total Current Secretaries |
1 |
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Total Previous Directors / Company Secretaries |
3 |
Current
Directors
|
Name |
STAN MCCARTHY |
Date of Birth |
24/09/1957 |
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Officers Title |
Nationality |
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Present
Appointments |
66 |
Function |
Director |
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Appointment Date |
10/06/2009 |
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Address |
119 N LINCOLN AVENUE, HINSDALE, CHICAGO, IL 60521 |
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Name |
BRIAN MEHIGAN |
Date of Birth |
01/07/1961 |
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Officers Title |
Nationality |
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Present
Appointments |
25 |
Function |
Director |
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Appointment Date |
10/06/2009 |
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Address |
KILLELTON, CAMP, TRALEE, CO. KERRY |
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Name |
FLOR HEALY |
Date of Birth |
03/04/1962 |
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Officers Title |
Nationality |
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Present
Appointments |
69 |
Function |
Director |
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Appointment Date |
10/06/2009 |
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Address |
10 WHITES GATE, WHITES ROAD, CASTLEKNOCK, DUBLIN 15. |
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Current
Company Secretary
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Name |
BRIAN DURRAN |
Date of Birth |
07/12/1954 |
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Officers Title |
Nationality |
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Present
Appointments |
119 |
Function |
Company
Secretary |
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Appointment Date |
10/06/2009 |
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Address |
3 CLOGHERS, BALLYARD, TRALEE, CO. KERRY. |
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Top
20 Shareholders
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Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share
Count |
|
KERRY INGREDIENTS HOLDINGS (IRELAND) LTD |
EUR |
2 |
ORDINARY |
1 |
100 |
Report
Notes
|
There are no notes to display. |
Status
History
No Status History found
Event
History
|
Date |
Description |
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31/07/2014 |
Annual Returns |
|
31/07/2014 |
New Accounts Filed |
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10/07/2013 |
New Accounts Filed |
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09/07/2013 |
Annual Returns |
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30/07/2012 |
New Accounts Filed |
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30/07/2012 |
New Accounts Filed |
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27/07/2012 |
Annual Returns |
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23/07/2011 |
New Accounts Filed |
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20/07/2011 |
Annual Returns |
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20/07/2010 |
Annual Returns |
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19/07/2010 |
New Accounts Filed |
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18/01/2010 |
Annual Returns |
|
10/06/2009 |
JOANNE KENNY has left the board |
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10/06/2009 |
NOREEN KENNY has resigned as company secretary |
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10/06/2009 |
NOREEN KENNY has left the board |
Previous
Company Names
|
No Previous Names found |
Received
Documents
|
No writs found |
Statistics
|
Group |
15 companies |
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Linkages |
86 companies |
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Countries |
In 26 countries |
Summary
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Holding Company |
KERRY INGREDIENTS HOLDINGS (IRELAND) LIMITED |
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Ownership Status |
Wholly Owned |
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Ultimate Holding Company |
KERRY GROUP PUBLIC LIMITED COMPANY |
Group
Structure
|
Company Name |
Registered
Number |
Latest Key
Financials |
Consol. Accounts |
Turnover |
|
|
IE111471 |
31.12.2013 |
Y |
€5,836,700,000 |
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|
IE469222 |
31.12.2013 |
N |
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|
IE290428 |
31.12.2013 |
N |
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IE171614 |
31.12.2014 |
N |
|
|
|
01663249 |
31.12.2013 |
N |
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02002852 |
31.12.2013 |
N |
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02594161 |
31.12.2013 |
N |
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NI023119 |
31.12.2013 |
N |
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NI027729 |
31.12.2013 |
N |
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NI023259 |
31.12.2013 |
N |
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NI022542 |
31.12.2013 |
N |
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|
|
NI001817 |
31.12.2013 |
N |
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NI003860 |
31.12.2013 |
N |
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|
|
NI016383 |
31.12.2013 |
N |
|
|
|
01821692 |
31.12.2013 |
N |
KERRY
GROUP PUBLIC LIMIT... FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 63.75 |
|
|
1 |
Rs. 100.12 |
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Euro |
1 |
Rs. 71.20 |
INFORMATION DETAILS
|
Analysis Done by
: |
RSM |
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Report Prepared
by : |
DPT |
RATING EXPLANATIONS
|
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 |
|
<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.