MIRA INFORM REPORT

 

 

Report No. :

330666

Report Date :

06.07.2015

 

IDENTIFICATION DETAILS

 

Name :

DEVENISH NUTRITION LIMITED

 

 

Formerly Known As :

DEVENISH FEED SUPPLEMENTS LIMITED

 

 

Registered Office :

Lagan House 19 Clarendon Road, Belfast, Co Antrim, Bt1 3bg

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.05.2014

 

 

Date of Incorporation :

18.09.1952

 

 

Com. Reg. No.:

NI003138

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Subject is manufacture and distribution of animal feedstuffs and nutritional supplements.

 

 

No. of Employee :

127

 

 

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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

United Kingdom

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

UNITED KINGDOM - ECONOMIC OVERVIEW

 

The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Over the past two decades, the government has greatly reduced public ownership. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining and the UK became a net importer of energy in 2005. Services, particularly banking, insurance, and business services, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output. After emerging from recession in 1992, Britain's economy enjoyed the longest period of expansion on record during which time growth outpaced most of Western Europe. In 2008, however, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Falling home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets; these included nationalizing parts of the banking system, temporarily cutting taxes, suspending public sector borrowing rules, and moving forward public spending on capital projects. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated a five-year austerity program, which aimed to lower London's budget deficit from about 11% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 largely due to the euro-zone debt crisis. The CAMERON government raised the value added tax from 17.5% to 20% in 2011. It has pledged to reduce the corporation tax rate to 21% by 2014. The Bank of England (BoE) implemented an asset purchase program of £375 billion (approximately $605 billion) as of December 2013. During times of economic crisis, the BoE coordinates interest rate moves with the European Central Bank, but Britain remains outside the European Economic and Monetary Union (EMU). In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.4%, accelerating unexpectedly in the second half of the year because of greater consumer spending and a recovering housing market. The budget deficit is falling but remains high at nearly 7% and public debt has continued to increase.

 

Source : CIA

 

Company Name

 

DEVENISH NUTRITION LIMITED

 

Limited Company

 

 

Company Number

 

NI003138

 

 

Company Summary

 

Registered Address

 

LAGAN HOUSE 19 CLARENDON ROAD
BELFAST
CO ANTRIM
BT1 3BG

 

Trading Address

 

Lagan House
19 Clarendon Road
Belfast
County Antrim
BT1 3BG

 

Website Address          http://www.devenishnutrition.com

 

Telephone Number                   -                                               Fax Number

 

TPS                                          -                                               FPS      No

 

Incorporation Date                   18/09/1952

 

Previous Name

DEVENISH FEED SUPPLEMENTS LIMITED                               Type     Private limited with Share Capital

 

FTSE Index                              -                                               Date of Change             02/04/1998

 

Filing Date of Accounts            27/02/2015                                Currency                      GBP

 

Share Capital                           £140,000                                   SIC07                           10910

 

Charity Number                        -                                              

 

SIC07 Description

MANUFACTURE OF PREPARED FEEDS FOR FARM ANIMALS

 

Principal Activity

 

The creation, manufacture and distribution of animal feedstuffs and nutritional supplements.

 

 

Key Financials

 

Year to Date                 Turnover                       Pre Tax Profit                Shareholder      Funds   Employees

31/05/2014                    £69,095,138                  £322,596                       £15,680,216      127

31/05/2013                    £69,864,576                  £2,518,534                    £13,445,502      117

31/05/2012                    £70,024,129                  £2,485,997                    £11,491,815      114

 

 

Mortgage Summary

 

Total Mortgage              15

Outstanding                  9

Satisfied                       6

 

 

Trade Debtors / Bad Debt Summary

 

Total Number of Documented Trade                   0

Total Value of Documented Trade                      £0

 

 

Commentary

 

This company has been treated as a Large company in respect of the rating/limit generated.

This company's return on total assets employed ratio indicates a relatively efficient use of assets.

This company has made late payments on a medium percentage of invoices.

This company's ratio of total liabilities to total assets indicates the presence of moderate equity funding.

This company's bank loans and overdrafts (less cash) account for a high percentage of short term liabilities.

This company trades in an industry with a moderate level of corporate failures.

 

 

CCJ

 

Total Number of Exact CCJs -

0

Total Value of Exact CCJs -

Total Number of Possible CCJs -

0

Total Value of Possible CCJs -

Total Number of Satisfied CCJs -

0

Total Value of Satisfied CCJs -

Total Number of Writs -

-

 

 

Total Current Directors

12

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

13

 

 

Current Directors

 

Name

Morgan Raphael Sheehy

Date of Birth

23/10/1963

Officers Title

Mr

Nationality

Irish

Present Appointments

1

Function

Director

Appointment Date

22/10/2003

Address

Boytonrath, New Inn, Cashel, Co. Tipperary

 

Name

Peter Francis Wallace

Date of Birth

31/12/1957

Officers Title

Mr

Nationality

British

Present Appointments

9

Function

Director

Appointment Date

01/12/2004

Address

68 Gleneagles, Derry, BT48 7TF

 

Name

Colm Noel McCotter

Date of Birth

13/12/1958

Officers Title

Mr

Nationality

Irish

Present Appointments

1

Function

Director

Appointment Date

01/05/2006

Address

28 Ashbourne, Glengormley, BT36 6SW

 

Name

Owen Brennan

Date of Birth

18/08/1960

Officers Title

Mr

Nationality

Irish

Present Appointments

10

Function

Director

Appointment Date

31/12/1999

Address

The Old Rectory, Beaupark, Navan, Co Meath

 

Name

Donal MacAteer

Date of Birth

02/08/1968

Officers Title

Mr

Nationality

Irish

Present Appointments

1

Function

Director

Appointment Date

01/02/2014

Address

Devenish Nutrition Ground Floor Lagan Hse 19 Clare, Belfast, Antrim, BT1 3BG

 

Name

Bronagh Owens

Date of Birth

15/01/1977

Officers Title

Ms

Nationality

Irish

Present Appointments

1

Function

Director

Appointment Date

01/02/2014

Address

Devenish Nutrition Ground Floor Lagan Hse 19 Clare, Belfast, Antrim, BT1 3BG

 

Name

Eamonn Whelan

Date of Birth

12/04/1970

Officers Title

Mr

Nationality

Irish

Present Appointments

1

Function

Director

Appointment Date

14/11/2011

Address

96 Duncrue Street, Belfast, Antrim, BT3 9AR

 

Name

Ann Hamilton

Date of Birth

14/04/1964

Officers Title

Ms

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

14/11/2011

Address

96 Duncrue Street, Belfast, Antrim, BT3 9AR

 

Name

Richard Kennedy

Date of Birth

29/07/1965

Officers Title

Mr

Nationality

Irish

Present Appointments

1

Function

Director

Appointment Date

14/11/2011

Address

96 Duncrue Street, Belfast, Antrim, BT3 9AR

 

Name

Gerard Finnegan

Date of Birth

06/10/1962

Officers Title

Mr

Nationality

Irish

Present Appointments

5

Function

Director

Appointment Date

14/11/2011

Address

96 Duncrue Street, Belfast, Antrim, BT3 9AR

 

Name

Patrick Anthony McLaughlin

Date of Birth

23/04/1966

Officers Title

Mr

Nationality

Irish

Present Appointments

8

Function

Director

Appointment Date

01/01/2013

Address

Lagan House 19 Clarendon Road, Belfast, Co Antrim, BT1 3BG

 

Name

Aidan O'Toole

Date of Birth

11/12/1971

Officers Title

Mr

Nationality

Irish

Present Appointments

1

Function

Director

Appointment Date

01/01/2013

Address

Lagan House 19 Clarendon Road, Belfast, Co Antrim, BT1 3BG

 

 

Current Company Secretary

 

Name

Peter Wallace

Date of Birth

-

Officers Title

Mr

Nationality

Present Appointments

1

Function

Company Secretary

Appointment Date

01/06/2006

Address

68 Gleneagles, Derry, BT48 TTF

 

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

DEVENISH HOLDINGS

GBP

140,000

ORDINARY

1

100

 

 

Profit & Loss

 

Date Of Accounts

31/05/14

(%)

31/05/13

(%)

31/05/12

(%)

31/05/11

(%)

31/05/10

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

£69,095,138

-1.1%

£69,864,576

-0.2%

£70,024,129

10.5%

£63,391,639

14.4%

£55,390,077

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

£55,139,868

-2.5%

£56,540,012

-1.5%

£57,421,449

13.8%

£50,459,948

17.4%

£42,983,475

Gross Profit

£13,955,270

4.7%

£13,324,564

5.7%

£12,602,680

-2.5%

£12,931,691

4.2%

£12,406,602

Wages & Salaries

£7,897,846

14.8%

£6,879,659

18.7%

£5,795,304

-2.7%

£5,955,198

19.4%

£4,989,393

Directors Emoluments

£1,768,941

30.8%

£1,351,983

3.3%

£1,309,014

-18.4%

£1,604,539

40%

£1,145,784

Operating Profit

£978,939

-65.6%

£2,849,282

8%

£2,638,788

-35%

£4,060,418

-5.6%

£4,303,432

Depreciation

£978,069

27.2%

£769,027

-17.2%

£929,064

6.5%

£872,661

14.2%

£764,076

Audit Fees

£41,000

2.5%

£40,000

-0.6%

£40,250

-

£40,250

91.7%

£21,000

Interest Payments

£656,521

98.4%

£330,936

116.1%

£153,133

-38%

£246,911

-7.6%

£267,184

Pre Tax Profit

£322,596

-87.2%

£2,518,534

1.3%

£2,485,997

-34.8%

£3,813,766

-5.5%

£4,036,401

Taxation

£1,893,061

423.3%

-£585,628

9%

-£643,797

46.2%

-£1,195,540

-7.9%

-£1,107,564

Profit After Tax

£2,215,657

14.6%

£1,932,906

4.9%

£1,842,200

-29.6%

£2,618,226

-10.6%

£2,928,837

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

£2,215,657

14.6%

£1,932,906

4.9%

£1,842,200

-29.6%

£2,618,226

-10.6%

£2,928,837

 

 

Balance Sheet

 

Date Of Accounts

31/05/14

(%)

31/05/13

(%)

31/05/12

(%)

31/05/11

(%)

31/05/10

Tangible Assets

£14,990,804

46.2%

£10,255,440

385.1%

£2,114,123

58.4%

£1,334,834

2.2%

£1,306,114

Intangible Assets

£200,000

-

0

-

0

-

0

-

0

Total Fixed Assets

£15,190,804

48.1%

£10,255,440

385.1%

£2,114,123

58.4%

£1,334,834

2.2%

£1,306,114

Stock

£4,469,794

11.9%

£3,996,030

33.3%

£2,998,482

-4.3%

£3,134,607

20.5%

£2,600,653

Trade Debtors

£10,582,002

-6.5%

£11,314,557

11.3%

£10,165,641

-2.4%

£10,412,846

35.2%

£7,700,785

Cash

£2,771

-0.6%

£2,788

-13.7%

£3,231

-99.5%

£712,179

-66.6%

£2,133,547

Other Debtors

£15,878,444

20.6%

£13,165,712

16.6%

£11,293,610

33.8%

£8,442,542

10.8%

£7,622,545

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£30,933,011

8.6%

£28,479,087

16.4%

£24,460,964

7.7%

£22,702,174

13.2%

£20,057,530

Trade Creditors

£7,696,299

6.4%

£7,236,694

2.1%

£7,087,193

2.3%

£6,930,776

-10.2%

£7,718,019

Bank Loans & Overdrafts

£6,745,094

35.4%

£4,980,670

114.7%

£2,319,437

246.8%

£668,826

-31.6%

£977,872

Other Short Term Finance

£43,286

1.3%

£42,744

999.9%

£1,105

-66.7%

£3,314

-25%

£4,418

Miscellaneous Current Liabilities

£6,308,539

-7.9%

£6,851,443

20.7%

£5,675,537

5.8%

£5,365,419

17.2%

£4,576,884

Total Current Liabilities

£20,793,218

8.8%

£19,111,551

26.7%

£15,083,272

16.3%

£12,968,335

-2.3%

£13,277,193

Bank Loans & Overdrafts and LTL

£16,395,475

46.9%

£11,158,144

381.1%

£2,319,437

10.4%

£2,100,000

-0.1%

£2,101,104

Other Long Term Finance

£130,398

-25.3%

£174,587

-

0

-

0

-100%

£1,104

Total Long Term Liabilities

£9,650,381

56.2%

£6,177,474

-

0

-100%

£1,431,174

27.4%

£1,123,232

.

 

Capital & Reserves

 

Date Of Accounts

31/05/14

(%)

31/05/13

(%)

31/05/12

(%)

31/05/11

(%)

31/05/10

Called Up Share Capital

£140,000

-

£140,000

-

£140,000

-

£140,000

-

£140,000

P & L Account Reserve

£15,413,518

16.8%

£13,197,861

17.2%

£11,264,955

19.6%

£9,422,755

38.5%

£6,804,531

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

£126,698

17.7%

£107,641

23.9%

£86,860

16.2%

£74,744

300%

£18,688

Shareholder Funds

£15,680,216

16.6%

£13,445,502

17%

£11,491,815

19.2%

£9,637,499

38.4%

£6,963,219

 

 

Other Financial Items

 

Date Of Accounts

31/05/14

(%)

31/05/13

(%)

31/05/12

(%)

31/05/11

(%)

31/05/10

Net Worth

£15,480,216

15.1%

£13,445,502

17%

£11,491,815

19.2%

£9,637,499

38.4%

£6,963,219

Working Capital

£10,139,793

8.2%

£9,367,536

-0.1%

£9,377,692

-3.7%

£9,733,839

43.6%

£6,780,337

Total Assets

£46,123,815

19.1%

£38,734,527

45.8%

£26,575,087

10.6%

£24,037,008

12.5%

£21,363,644

Total Liabilities

£30,443,599

20.4%

£25,289,025

67.7%

£15,083,272

4.7%

£14,399,509

0%

£14,400,425

Net Assets

£15,680,216

16.6%

£13,445,502

17%

£11,491,815

19.2%

£9,637,499

38.4%

£6,963,219

 

 

Cash Flow

 

Date Of Accounts

31/05/14

(%)

31/05/13

(%)

31/05/12

(%)

31/05/11

(%)

31/05/10

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

 

Miscellaneous

 

Date Of Accounts

31/05/14

(%)

31/05/13

(%)

31/05/12

(%)

31/05/11

(%)

31/05/10

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£25,330,597

29.1%

£19,622,976

70.8%

£11,491,815

3.8%

£11,068,673

36.9%

£8,086,451

Number of Employees

127

8.5%

117

2.6%

114

14%

100

22%

82

Auditors

PRICEWATERHOUSECOOPERS LLP

Auditor Comments

The audit report contains no adverse comments

Bankers

BANK OF IRELAND LIMITED

Bank Branch Code

92-21-27

 

 

Ratios

 

Date Of Accounts

31/05/14

31/05/13

31/05/12

31/05/11

31/05/10

Pre-tax profit margin %

0.47

3.60

3.55

6.02

7.29

Current ratio

1.49

1.49

1.62

1.75

1.51

Sales/Net Working Capital

6.81

7.46

7.47

6.51

8.17

Gearing %

104.60

83

20.20

21.80

30.20

Equity in %

34.10

34.70

43.20

40.10

32.60

Creditor Days

40.54

37.70

36.84

39.79

50.71

Debtor Days

55.74

58.94

52.84

59.79

50.60

Liquidity/Acid Test

1.27

1.28

1.42

1.50

1.31

Return On Capital Employed %

1.27

12.83

21.63

34.45

49.91

Return On Total Assets Employed %

0.69

6.50

9.35

15.86

18.89

Current Debt Ratio

1.32

1.42

1.31

1.34

1.90

Total Debt Ratio

1.94

1.88

1.31

1.49

2.06

Stock Turnover Ratio %

6.46

5.71

4.28

4.94

4.69

Return on Net Assets Employed %

2.05

18.73

21.63

39.57

57.96

 

 

Status History

 

Date

Description

 

01/05/2012

Compulsory strike off cancelled

01/05/2012

Dissolution (First Gazt)

 

 

*Event History

 

Date

Description

08/03/2015

New Accounts Filed

08/03/2015

New Accounts Filed

10/01/2015

Annual Returns

08/01/2015

New Board Member Ms B. Owens appointed

08/01/2015

New Board Member Mr D. MacAteer appointed

22/09/2014

S. Smyth has left the board

24/06/2014

Change in Reg.Office

24/06/2014

Change of Company Postcode

10/03/2014

New Accounts Filed

10/03/2014

New Accounts Filed

04/02/2014

New Board Member Mr A. O'Toole appointed

04/02/2014

New Board Member S. Smyth appointed

04/02/2014

New Board Member Mr P.A. McLaughlin appointed

31/01/2014

Annual Returns

06/04/2013

New Accounts Filed

 

 

Previous Company Names

 

Date

Previous Name

02/04/1998

DEVENISH FEED SUPPLEMENTS LIMITED

31/10/1988

DEVENISH TRADE DEVELOPMENT COMPANY LIMITED

 

 

Writ Details

 

No writs found

 

 

Statistics

 

Group

8 companies

Linkages

0 companies

Countries

In 0 countries

 

 

Summary

 

Holding Company

DEVENISH HOLDINGS LIMITED

Ownership Status

Wholly Owned

Ultimate Holding Company

DEVENISH (NI) LIMITED

 

 

Group structure Full

 

Company Name

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

Description: \\vivek\Foreign Report Raw2\DEVENISH NUTRITION LIMITED_files\tminus.gifDEVENISH (NI) LIMITED

 

NI063008

31.05.2014

Y

£102,672,269

Description: \\vivek\Foreign Report Raw2\DEVENISH NUTRITION LIMITED_files\tminus.gifDEVENISH HOLDINGS LIMITED

 

NI043476

31.05.2014

N

Description: \\vivek\Foreign Report Raw2\DEVENISH NUTRITION LIMITED_files\tminus.gifDEVENISH NUTRITION L...

 

NI003138

31.05.2014

N

£69,095,138

Description: \\vivek\Foreign Report Raw2\DEVENISH NUTRITION LIMITED_files\T.gifA.ONE FEED SUPPLEM...

 

01207930

30.11.2013

N

£19,343,139

Description: \\vivek\Foreign Report Raw2\DEVENISH NUTRITION LIMITED_files\tminus.gifSHIRLEY & PROCTOR...

 

00675945

31.05.2014

N

Description: \\vivek\Foreign Report Raw2\DEVENISH NUTRITION LIMITED_files\T.gifHI PEAK ORGANIC F...

 

03573833

31.05.2014

N

Description: \\vivek\Foreign Report Raw2\DEVENISH NUTRITION LIMITED_files\L.gifHI PEAK FEEDS LIM...

 

01085959

31.05.2014

N

Description: \\vivek\Foreign Report Raw2\DEVENISH NUTRITION LIMITED_files\L.gifBUNNY INVESTMENTS LI...

 

NI032357

31.05.2014

N



 

Statistics

 

Group

8 companies

Linkages

0 companies

Countries

In 0 countries

 

 

Mortgage Details

 

Mortgage Type:

Date Charge Created:

04/12/14

Date Charge Registered:

16/12/14

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

THE GOVERNOR AND COMPANY OF THE BANK OF IRELAND;

Amount Secured:

Details:

1. ALL THAT THE PROPERTY COMPRISED IN FOLIO NO. 4335F COUNTY MEATH.2. ALL THAT THE PROPERTY COMPRISED IN FOLIO NO. 172 COUNTY MEATH.3. ALL THAT THE PROPERTY COMPRISED IN FOLIO NO. 25965 COUNTY MEATH.4. ALL THAT AND THOSE THE PREMISES COMPRISED IN A DEED OF CONVEYANCE AND TRANSFER DATED THE 16TH DAY OF OCTOBER 2013 PART OF THE TOWNLAND OF DOWTH,BARONY OF UPPER SLANE AND COUNTY OF MEATH.CONTAINS FIXED CHARGE.CONTAINS NEGATIVE PLEDGE.

 

Mortgage Type:

Date Charge Created:

16/10/13

Date Charge Registered:

25/10/13

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

BANK OF IRELAND (UK) PLC;

Amount Secured:

Details:

1. FOLIOS 4335F COUNTY MEATH2. FOLIO 172 COUNTY MEATH3. FOLIO 25965 COUNTY MEATH4. THE PREMISES DESCRIBED IN THE SCHEDULE TO THE DEED OF CONVEYANCE AND TRANSFER DATED 16 OCTOBER 2013 BEING ALL THAT AND THOSE PARTS OF TOWNLAND OF DOWTH BARONY OF UPPER SLANE AND COUNTY OF MEATH.CONTAINS FIXED CHARGE.NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE.

 

Mortgage Type:

Date Charge Created:

16/10/13

Date Charge Registered:

25/10/13

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

BANK OF IRELAND (UK) PLC;

Amount Secured:

Details:

CONTAINS FIXED CHARGE.

 

Mortgage Type:

Date Charge Created:

16/10/13

Date Charge Registered:

25/10/13

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

BANK OF IRELAND (UK) PLC;

Amount Secured:

Details:

1. FOLIOS 4335F COUNTY MEATH2. FOLIO 172 COUNTY MEATH3. FOLIO 25965 COUNTY MEATH4. THE PREMISES DESCRIBED IN THE SCHEDULE TO THE DEED OF CONVEYANCE AND TRANSFER DATED 16 OCTOBER 2013 BEING ALL THAT AND THOSE PARTS OF TOWNLAND OF DOWTH BARONY OF UPPER SLANE AND COUNTY OF MEATH.

 

Mortgage Type:

Date Charge Created:

18/04/13

Date Charge Registered:

07/05/13

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

BANK OF IRELAND (UK) PLC;THE GOVERNOR AND COMPANY OF THE BANK OF IRELAND;

Amount Secured:

Details:

THE LEASEHOLD PROPERTY COMPRISED IN AN INDENTURE OF LEASE DATED 16TH AUGUST 2004 AND MADE BETWEEN (1) JAMES TOLAND HOLDINGS LIMITED AND (2) THE COMPANY AND THEREIN MORE PARTICULARLY BEING BRIEFLY DESCRIBED AS 96 DUNCRUE STREET, BELFAST SEEIMAGE FOR FULL DETAILSCONTAINS FIXED CHARGE.CONTAINS FLOATING CHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE.

 

Mortgage Type:

MORTGAGE OR CHARGE

Date Charge Created:

01/09/03

Date Charge Registered:

16/09/03

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

THE GOVERNOR AND DUBLIN 2 OF IRELAND LOWER

Amount Secured:

N/A

Details:

ALL MONIES COMPOSITE GUARANTEE AND MORTGAGE DEBENTURE 1.BY WAY OF MORTGAGE, THE LAND AND PREMISES KNOWN AS 96 DUNCRUE STREET BELFAST BT3 9AR......................... SEE DOC 159 FOR FURTHERDETAILS

 

Mortgage Type:

MORTGAGE OR CHARGE

Date Charge Created:

08/09/03

Date Charge Registered:

08/09/03

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

OF IRELAND DONEGALL SQUARE NORTH THE GOVERNOR AND

Amount Secured:

N/A

Details:

ALL MONIES FIXED & FLOATING CHARGE 1. BY WAY OF FIXED EQUITABLE CHARGE (I) ALL PURCHASED DEBTS BEING ANY BOOK DEBTS AS DEFINED IN THE AGREEMENT, PURCHASED OR PURPORTED TO BE PURCHASED BY THESECURITY HOLDER PURSUANT TO THE AGREEMENT THE OWNERSHIP OF WHICHFAIL TO VEST............................. SEE DOC 158 FOR FURTHER DETAILS

 

Mortgage Type:

MORTGAGE OR CHARGE

Date Charge Created:

05/07/00

Date Charge Registered:

19/07/00

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

BANK OF IRELAND

Amount Secured:

N/A

Details:

ALL MONIES. FIXED CHARGE ON BOOK DEBTS. 1. ALL THE COMPANY\S BOOK DEBTS AND OTHER RECEIVABLES BOTH PRESENT AND FUTURE WITH THE PAYMENT OF ALL MONIES SECURED BY THE PRINCIPAL DEBENTUREAS AMENDED THEREBY INCLUDING INTEREST AS SET OUT THEREIN. SEE DOC 146 FOR FURTHER DETAILS.

 

Mortgage Type:

MORTGAGE OR CHARGE

Date Charge Created:

05/07/00

Date Charge Registered:

19/07/00

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

BANK OF IRELAND

Amount Secured:

N/A

Details:

ALL MONIES. DEBENTURE. ALL THE COMPANY\S UNDERTAKING, PROPERTY AND ASSETS, WHATSOEVER AND WHERESOEVER BOTH PRESENT AND FUTURE INCLUDING GOODWILL AND ITS UNCALLED CAPITAL FOR THE TIME BEINGWITH THE PAYMENT OF ALL MONEYS THEREBY SECURED INCLUDING INTEREST AS SET OUT THEREIN.

 

Mortgage Type:

MORTGAGE OR CHARGE

Date Charge Created:

27/11/97

Date Charge Registered:

01/12/97

Date Charge Satisfied:

19/01/12

Status:

SATISFIED

Person(s) Entitled:

NORTHERN BANK LTD

Amount Secured:

Details:

ALL MONIES. FLOATING CHARGE THE UNDERTAKING OF THE COMPANY AND ALL ITS PROPERTY WHATSOEVER AND WHERESOEVER BOTH PRESENT AND FUTURE INCLUDING ITS UNCALLED CAPITAL FOR THE TIME BEING. THE COMPANY SHALL NOT BE AT LIBERTY WITHOUT THE PREVIOUS CONSENT IN WRITING OF NORTHERN BANK LIMITEDTO CREATE ANY MORTGAGE OR CHARGE OR CONFER ANY LIEN ON ITS ASSETS OR ANY PART THEREOF OR TO SELL OR DEAL WITH ITS BOOK OR OTHER DEBTS OR SECURITIES FOR MONEY OTHERWISE THAN FOR THE PURPOSE OF GETTING IN AND REALISING THE SAME IN THEORDINARY WAY OF BUSINESS

 

Mortgage Type:

MORTGAGE OR CHARGE

Date Charge Created:

27/11/97

Date Charge Registered:

01/12/97

Date Charge Satisfied:

19/01/12

Status:

SATISFIED

Person(s) Entitled:

NORTHERN BANK LTD

Amount Secured:

Details:

ALL MONIES CHARGE OVER ALL BOOK DEBTS ALL BOOK DEBTS AND OTHER DEBTS NOW AND FROM TIME TO TIME HEREAFTER DUE OWING OR INCURRED TO THE COMPANY

 

Mortgage Type:

MORTGAGE OR CHARGE

Date Charge Created:

01/02/93

Date Charge Registered:

02/02/93

Date Charge Satisfied:

13/01/98

Status:

SATISFIED

Person(s) Entitled:

BANK OF IRELAND

Amount Secured:

N/A

Details:

ALL MONIES. DEBENTURE PREMISES KNOWN AS NO 96 DUNCRUE STREET, BELFAST. SEE DOC 106 FOR FURTHER DETAILS

 

Mortgage Type:

MORTGAGE OR CHARGE

Date Charge Created:

25/11/83

Date Charge Registered:

14/12/83

Date Charge Satisfied:

13/01/98

Status:

SATISFIED

Person(s) Entitled:

BANK OF IRELAND

Amount Secured:

N/A

Details:

ALL MONIES MORTGAGE ALL THAT AND THOSE THE LANDS AND PREMISES COMPRISED IN AND DEMISED BYAN

 

Mortgage Type:

MORTGAGE OR CHARGE

Date Charge Created:

16/04/80

Date Charge Registered:

30/04/80

Date Charge Satisfied:

13/01/98

Status:

SATISFIED

Person(s) Entitled:

BANK OF IRELAND

Amount Secured:

N/A

Details:

ALL MONIES. DEBENTURE THE COMPANYS UNDERTAKING AND ALL ITS PROPERTY AND ASSETS WHATSOEVER AND WHERE SOEVER BOTH PRESENT AND FUTURE INCLUDING ITS UNCALLED CAPITAL FOR THE TIME BEING AND GOODWILL INCLUDING A SPECIFICCHARGE AFFECTING BOOK DEBTS FIXED AND MOVEABLE PLANT MACHINERY FIXTURES IMPLEMENTS AND UTENSILS GOODWILL AND ALL PROCEEDS OF

 

Mortgage Type:

MORTGAGE OR CHARGE

Date Charge Created:

29/03/76

Date Charge Registered:

05/04/76

Date Charge Satisfied:

19/01/12

Status:

SATISFIED

Person(s) Entitled:

ULSTER BANK LTD

Amount Secured:

Details:

ALL MONIES. DEBENTURE FLOATING CHARGE OVER THE UNDERTAKING OF THE COMPANY AND ALL ITS PROPERTY BOTH

 

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

Richard Kennedy

0

1

Michael Francis Maguire

0

1

Rhonda Nancy Glenn

0

1

Rhonda Nancy Glenn

0

1

Kevin Jordan

0

1

Michael Casserley

0

1

Robert John Fulton

0

1

Graeme John Carson

0

1

Wallace Henry

0

1

Morgan Raphael Sheehy

0

1

Alastair P Corscadden

0

5

Richard Wallace Henry

2

2

Sam Smyth

0

1

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.40

UK Pound

1

Rs.98.94

Euro

1

Rs.70.33

 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

TPT

 

               

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.