MIRA INFORM REPORT

Report No. :	330783
Report Date :	28.07.2015

IDENTIFICATION DETAILS

Name :	AVID TECHNOLOGY INTERNATIONAL B.V.

Registered Office :	Carmanhall Road, Sandyford Business Centre, Dublin 18, 733310

Country :	Ireland

Financials (as on) :	31.01.2012

Date of Incorporation :	11.08.1993

Com. Reg. No.:	IE903369

Legal Form :	Not Available

Line of Business :	Not Available [We tried to confirm / obtain the detailed activity but the same is not available from any sources]

No. of Employee :	Not Available

RATING & COMMENTS

MIRA’s Rating :

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 – March 31, 2015

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Ireland

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 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.

Source : CIA

Company Name

AVID TECHNOLOGY INTERNATIONAL B.V.

Company No

IE903369

Company Status

Insufficient Information

Address

CARMANHALL ROAD

SANDYFORD BUSINESS CENTRE

DUBLIN 18

733310

Company Summary
Registered Address	CARMANHALL ROAD	Trading Address	CARMANHALL ROAD
	SANDYFORD BUSINESS		SANDYFORD BUSINESS
	CENTRE		CENTRE
	DUBLIN 18		DUBLIN 18
	733310		DUBLIN 18
			216410
Website Address	-
Telephone Number	(01)2950066	Fax Number
TPS	No	FPS	No
Incorporation Date	11/08/1993
Previous Name		Type	Other
		FTSE Index	-
Date of Change	-	Filing Date of Accounts	-
Currency		Share Capital	-
SIC07		Charity Number	-
SIC07 Description Principal Activity

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder	Funds Employees
31/12/2001	-	-	€16,219,000	65
31/12/2000	-	-	€35,227,000	-
-	-	-	-	-

Mortgage Summary

Total Mortgage	2
Outstanding	2
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
Total Number of Possible CJs -	0	Total Value of Possible CJs -	€0
Total Number of Satisfied CJs -	0	Total Value of Satisfied CJs -	€0

Total Current Directors	0
Total Current Secretaries	0
Total Previous Directors / Company Secretaries

Balance Sheet

Date Of		31/12/01			(%)		31/12/00(%)-					(%)-		(%)-
Accounts


Tangible Assets €19,640,000 -0.8%							€19,805,000--					--		--

Intangible		0			-		0			- -		--		--
Assets


Total Fixed		€19,640,000 -0.8%					€19,805,000--					--		--
Assets


Stock		€6,766,000 44.8%					€4,674,000--					--		--

Trade Debtors		€3,545,000 -39.2%					€5,828,000--					--		--

Cash		€10,059,000-38.6%					€16,375,000--					--		--

Other Debtors		0			-		0			- -		--		--

Miscellaneous		€29,693,000-25.9%					€40,059,000--					--		--
Current Assets


Total Current		€50,063,000-25.2%					€66,936,000--					--		--
Assets


Trade Creditors		€42,022,000 5.7%					€39,743,000--					--		--

Bank Loans &		0			-		0			- -		--		--
Overdrafts


Other Short Term		0			-		0			- -		--		--
Finance


Miscellaneous
Current		€11,461,000 -2.6%					€11,771,000--					--		--
Liabilities

Total Current	€53,483,000 3.8%					€51,514,000--					--		--
Liabilities


Bank Loans &
Overdrafts and	0			-				0	- -		--		--
LTL

Other Long Term	0			-				0	- 0		--		--
Finance


Total Long Term	0			-				0	- -		--		--
Liabilities


.
Capital & Reserves
Date Of	31/12/01			(%)				31/12/00(%)-			(%)-		(%)-
Accounts


Called Up Share	€131,000			-5.8%				€139,000--			--		--
Capital


P & L Account	-€4,006,000 -126.7%					€15,002,000--					--		--
Reserve


Revaluation	-			-				-	--		--		--
Reserve


Sundry	€20,094,000			0%		€20,086,000--					--		--
Reserves


Shareholder	€16,219,000			-54%		€35,227,000--					--		--
Funds


Other Financial Items
Date Of	31/12/01			(%)				31/12/00(%)-			(%)-		(%)-
Accounts


Net Worth	€16,219,000			-54%		€35,227,000--					--		--

Working Capital	-€3,420,000-122.2%					€15,422,000--					--		--

Total Assets	€69,703,000 -19.6%					€86,741,000--					--		--

Total Liabilities€53,483,000				3.8%		€51,514,000--					--		--

Net Assets	€16,220,000			-54%		€35,227,000--					--		--

Cash Flow
Date Of	31/12/01(%)					31/12/00(%)-			(%)-				(%)-
Accounts


Net Cashflow	-		-			-		- -			- -		- -
from Operations


Net Cashflow	-		-			-		- -			- -		- -
before Financing


Net Cashflow	-		-			-		- -			- -		- -
from Financing


Increase in	-		-			-		- -			- -		- -
Cash


Miscellaneous
Date Of	31/12/01			(%)		31/12/00(%)-					(%)-		(%)-
Accounts


Contingent				-					--		--		--
Liability


Capital	€16,219,000-54%					€35,227,000--					--		--
Employed


Number of	65			-				-	--		--		--

Employees

Accountants

Auditors

Auditor

No Adverse Comments

Comments

Bankers ALLIED IRISH BANK

Bank Branch

93-13-65

Code

Ratios

Date Of	31/12/01	31/12/00-- -
Accounts	31/12/01	31/12/00-- -
Accounts

Pre-tax profit	-	- - - -
margin %	-	- - - -
margin %

Current ratio	0.94	1.30- - -

Sales/Net	-	- - - -
Working Capital	-	- - - -
Working Capital

Gearing %	0	0 - - -

Equity in %	23.30	40.60- - -

Creditor Days	-	- - - -

Debtor Days	-	- - - -

Liquidity/Acid	0.81	1.21- - -
Test	0.81	1.21- - -
Test

Return On
Capital	-	- - - -
Employed %

Return On Total
Assets	-	- - - -
Employed %

Current Debt	3.30	1.46- - -
Ratio	3.30	1.46- - -
Ratio

Total Debt Ratio	3.30	1.46- - -

Stock Turnover	-	- - - -
Ratio %	-	- - - -
Ratio %

Return on Net
Assets	-	- - - -
Employed %

Previous Company Names

No Previous Names found

Received Documents Writ Details

No writs found

Statistics		Summary
Group	-	Holding Company	-
Linkages	0 companies	Ownership Status
Countries	In 0 countries	Ultimate Holding Company	-

Group Structure

No Group Structure

Mortgage Details

Mortgage Type:	DEBENTURE.
Date Charge Created:	11/10/10
Date Charge Registered:	22/10/10
Date Charge Satisfied:	-
Status:	NOT SATISFIED
Person(s) Entitled:	WELLS FARGO CAPITAL FINANCE, LLC
Amount Secured:
	THE COMPANY COVENANTED THAT IT WOULD ON DEMAND BY THE SECURITY TRUSTEE
	DISCHARGE THE SECURED OBLIGATIONS AND UNDERTOOK TO PAY TO THE SECURITY
Details:	TRUSTEE EVERY SUM (OF PRINCIPAL, INTEREST OR OTHERWISE) NOW OR THEREAFTER
	OWING, DUE OR INCURRED BY THE COMPANY IN RESPECT OF THE SECURED OBLIGATIONS.
	(CONTINUED ON FORM 8E)
Mortgage Type:	CHARGE.
Date Charge Created:	30/07/01
Date Charge Registered:	01/08/01
Date Charge Satisfied:	-
Status:	NOT SATISFIED
Person(s) Entitled:	ALLIED IRISH BANK PLC
Amount Secured:	ALL SUCH SUMS AS ARE NOW OR SHALL FROM TIME TO TIME HEREAFTER BECOME OWING BY
Details:	THE COMPANY TO ALLIED IRISH BANKS, P.L.C. IN ANY MANNER WHATSOEVER

Previous Director/Company Secretaries

No Previous Director Details

Average Invoice Value	€413.28
Invoices available	2
Paid	1
Outstanding	1

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	0	0	0	0	1
Outstanding	0	0	0	0	1

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.64.00
UK Pound	1	Rs.99.43
Euro	1	Rs.70.61

INFORMATION DETAILS

Analysis Done by :	DIV

Report Prepared by :	ASH

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%)

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