MIRA INFORM REPORT

Report No. :	326045
Report Date :	06.06.2015

IDENTIFICATION DETAILS

Name :	PRIMARK

Formerly Known As :	PRIMARK EXPORTS LIMITED

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 :	Retail Sale of Clothing In Specialised Stores.

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 – December 31, 2014

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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

REGISTERED NAME & COMPANY SUMMARY

Company Name: PRIMARK

Company No: IE047371

Company Status: Financial Statements not filed / too old

Company Number

IE047371

Company Name

PRIMARK

Previous Name	PRIMARK EXPORTS LIMITED
Date of Change	-

Registered Address

47 MARY STREET
DUBLIN 1
216410

Website Address

Telephone Number

018727788

TPS

Incorporation Date

06/05/1974

SIC07

47710

SIC03	5242
SIC03 Description	Retail sale of clothing

SIC07 Description

RETAIL SALE OF CLOTHING IN SPECIALISED STORES

Principal Activity

Type

Private unlimited with Share Capital

FTSE Index

Share Capital

€4

Currency

EUR

Accounts Due Date

Filing Date of Accounts

Charity Number		-

Fax Number
FPS	No

DIRECTORS/MANAGEMENT

Current Directors

Name	BREEGE O'DONOGHUE	Date of Birth	21/06/1944
Officers Title		Nationality
Present Appointments	3	Function	Director
Appointment Date	25/01/1988
Address	53 LANDSDOWNE WOOD, DUBLIN 4
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	ARTHUR ST. JOHN RYAN	Date of Birth	19/07/1935
Officers Title		Nationality
Present Appointments	18	Function	Director
Appointment Date	31/05/1974
Address	60 LANSDOWNE ROAD, BALLSBRIDGE, DUBLIN 4.
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	PAUL JOHN MARCHANT	Date of Birth	22/02/1968
Officers Title		Nationality
Present Appointments	2	Function	Director
Appointment Date	01/01/2009
Address	SANTA MARIA, CUNNINGHAM ROAD, DALKEY, CO. DUBLIN
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	AIDAN HUGH SHIELDS	Date of Birth	21/09/1967
Officers Title		Nationality
Present Appointments	8	Function	Director
Appointment Date	01/06/2010
Address	GLENDASAN HOUSE, CONVENT ROAD, DELGANY, CO.WICKLOW
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	JOHN LYTTLE	Date of Birth	15/06/1967
Officers Title		Nationality
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
Officers Title		Nationality
Present Appointments	1	Function	Director
Appointment Date	14/09/2014
Address	65 COLIEMORE ROAD, DALKEY, CO. DUBLIN

NEGATIVE INFORMATION

CJ's

0 (€0)

Total Number of Exact CJ's	Total Value of Exact CJ's	€0
Total Number of Possible CJ's	Total Value of Possible CJ's	€0
Total Number of Satisfied CJ's	Total Value of Satisfied CJ's	€0
Total Number of Writs

Mortgages

CJ

Total Number of Exact CJs -	Total Value of Exact CJs -	€0
Total Number of Possible CJs -	Total Value of Possible CJs -	€0
Total Number of Satisfied CJs -	Total Value of Satisfied CJs -	€0

Writ Details

No writs found

SHARE & SHARE CAPITAL INFORMATION

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value
SIZZLERS	EUR	2	ORDINARY	1.27
A.B.F. NOMINEES LTD	EUR	1	ORDINARY	1.27

Unable to report percentage holdings as filed Shareholder listing is not full

GROUP STRUCTURE & AFFILIATED COMPANIES

Ultimate Holding Company

	-
Safe Number	-
Company Number	-

Group	0 companies	We have also found other companies linked to this company but outside its immediate group structure. These are linked through shareholdings or through linked group structures identified in other European databases.
Linkages	0 companies
Countries	In 0 countries

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

FINANCIAL INFORMATION

Key financials

Year to date	-
Turnover	-
Pre Tax Profit	-
Shareholder funds	-
Employees	-

Year to date	-	-
Turnover	-	-
Pre Tax Profit	-	-
Shareholder funds	-	-
Employees	-	-

Profit & Loss

Date Of Accounts	-	(%)	-	(%)	-	(%)	-	(%)	-
Weeks	-	(%)	-	(%)	-	(%)	-	(%)	-
Currency	-	(%)	-	(%)	-	(%)	-	(%)	-
Consolidated A/cs	-	(%)	-	(%)	-	(%)	-	(%)	-
Turnover	-	-	-	-	-	-	-	-	-
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-
Wages & Salaries	-	-	-	-	-	-	-	-	-
Directors Emoluments	-	-	-	-	-	-	-	-	-
Operating Profit	-	-	-	-	-	-	-	-	-
Depreciation	-	-	-	-	-	-	-	-	-
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	-	-	-
Taxation	-	-	-	-	-	-	-	-	-
Profit After Tax	-	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

Date Of Accounts	-	(%)	-	(%)	-	(%)	-	(%)	-
Tangible Assets	-	-	-	-	-	-	-	-	-
Intangible Assets	-	-	-	-	-	-	-	-	-
Total Fixed Assets	-	-	-	-	-	-	-	-	-
Stock	-	-	-	-	-	-	-	-	-
Trade Debtors	-	-	-	-	-	-	-	-	-
Cash	-	-	-	-	-	-	-	-	-
Other Debtors	-	-	-	-	-	-	-	-	-
Miscellaneous Current Assets	-	-	-	-	-	-	-	-	-
Total Current Assets	-	-	-	-	-	-	-	-	-
Trade Creditors	-	-	-	-	-	-	-	-	-
Bank Loans & Overdrafts	-	-	-	-	-	-	-	-	-
Other Short Term Finance	-	-	-	-	-	-	-	-	-
Miscellaneous Current Liabilities	-	-	-	-	-	-	-	-	-
Total Current Liabilities	-	-	-	-	-	-	-	-	-
Bank Loans & Overdrafts and LTL	-	-	-	-	-	-	-	-	-
Other Long Term Finance	-	-	-	-	-	-	-	-	-
Total Long Term Liabilities	-	-	-	-	-	-	-	-	-

Capital & Reserves

Date Of Accounts	-	(%)	-	(%)	-	(%)	-	(%)	-
Called Up Share Capital	-	-	-	-	-	-	-	-	-
P & L Account Reserve	-	-	-	-	-	-	-	-	-
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	-	-	-	-	-	-	-	-	-

Other Financial Items

Date Of Accounts	-	(%)	-	(%)	-	(%)	-	(%)	-
Net Worth	-	-	-	-	-	-	-	-	-
Working Capital	-	-	-	-	-	-	-	-	-
Total Assets	-	-	-	-	-	-	-	-	-
Total Liabilities	-	-	-	-	-	-	-	-	-
Net Assets	-	-	-	-	-	-	-	-	-

Cash Flow

Date Of Accounts	-	(%)	-	(%)	-	(%)	-	(%)	-
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	-	(%)	-	(%)	-	(%)	-	(%)	-
Contingent Liability	-	-	-	-	-	-	-	-	-
Capital Employed	-	-	-	-	-	-	-	-	-
Number of Employees	-	-	-	-	-	-	-	-	-
Auditors	-
Auditor Comments	-
Bankers	-
Bank Branch Code	-

Ratios

Date Of Accounts	-	-	-	-	-
Pre-tax profit margin %	-	-	-	-	-
Current ratio	-	-	-	-	-
Sales/Net Working Capital	-	-	-	-	-
Gearing %	-	-	-	-	-
Equity in %	-	-	-	-	-
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	-	-	-	-	-
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	-	-	-	-	-
Total Debt Ratio	-	-	-	-	-
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	-	-	-	-	-

FOREIGN EXCHANGE RATES

N/a

ADDITIONAL INFORMATION

Enquiries Trend

There have been 31 enquiries in the last 12 months.

There are an average of 3 reports taken each month.

Current Company Secretary

Name	ROSALYN SHARON SCHOFIELD	Date of Birth	-
Officers Title		Nationality
Present Appointments	1	Function	Company Secretary
Appointment Date	13/08/2001
Address	45 OAKLEIGH PARK SOUTH, LONDON N20 9JR, ENGLAND
Other Actions
Disqualified		Disqualified End Date
Disqualification Exception	No

Report Notes

Note

Wrong number of characters (1-4000)

Status History

No Status History found

Event History View Documents

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

Previous Company Names

Date	Previous Name
N/A	PRIMARK EXPORTS LIMITED
24/08/1987	PRIMARK LIMITED
11/01/1977	PRIMARK EXPORTS

Previous Director/Company Secretaries

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

Average Invoice Value	€53110.30
Invoices available	12
Paid	12
Outstanding	0

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	2	2	0	2	6
Outstanding	0	0	0	0	0

NOTES & COMMENTS

Commentary

No comments to display

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.90
UK Pound	1	Rs.97.98
Euro	1	Rs.71.82

INFORMATION DETAILS

Analysis Done by :	RAS

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