|
Report No. : |
306472.2 |
|
Report Date : |
21.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
MASONITE COMPONENTS |
|
|
|
|
Formerly Known As : |
MASONITE IRELAND RESEARCH |
|
|
|
|
Registered Office : |
6th Floor, South Bank House,
Barrow St, 216410 |
|
|
|
|
Country : |
Ireland |
|
|
|
|
Date of Incorporation : |
22.05.1997 |
|
|
|
|
Legal Form : |
Private unlimited with Share Capital |
|
|
|
|
Line of Business : |
Leading Door Supplier |
|
|
|
|
No. of Employee : |
Not Available |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
Ashleigh Williams
|
Company Number |
IE266750 |
||||
|
Company Name |
MASONITE
COMPONENTS
|
|
|||
|
Registered Address |
6TH FLOOR |
|
|||
|
Website Address |
- |
||||
|
Telephone Number |
|
TPS |
No |
||
|
Incorporation Date |
22/05/1997 |
||||
|
Principal Activity |
Leading Door Supplier |
||||
|
Type |
Private unlimited with Share Capital |
|
FTSE Index |
- |
|
Share Capital |
€2 |
|
Currency |
USD |
|
Accounts Due Date |
- |
|
Filing Date of Accounts |
- |
|
Charity Number |
- |
|
Fax Number |
- |
|
FPS |
No |
Current Directors
|
Name |
CORMAC KEARNS |
Date of Birth |
22/10/1967 |
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
4 |
Function |
Director |
|
Appointment Date |
17/12/2002 |
|
|
|
Address |
BALLYSUMAGHAN, BALLINTOGHER, CO SLIGO |
||
|
Name |
JIM KINGRY |
Date of Birth |
19/04/1955 |
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
3 |
Function |
Director |
|
Appointment Date |
01/01/2014 |
|
|
|
Address |
17269 SE 122ND CT SUMMERFIELD, FL 34491, UNITED STATES |
||
Previous Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
DERMOT CURRAN |
63 |
49 |
|
KEVIN HOY |
10 |
11 |
|
JAMES HOEY |
0 |
11 |
|
PETER GREGG HEIST |
0 |
4 |
|
CAROL LOUISE BUTLER |
0 |
4 |
|
JAMES GERARD HOEY |
0 |
5 |
|
JAMES URBAN MORRISON III |
1 |
7 |
|
ROBERT VERNON TUBBESING |
2 |
3 |
|
SHARON RYAN |
0 |
4 |
|
MANCO SNAPP |
0 |
3 |
|
JAMES URBAN MORRISON III |
1 |
7 |
|
DECLAN MOYLAN |
13 |
22 |
|
BRIAN CHAPLES |
0 |
3 |
|
MHC CORPORATE SERVICES LIMITED |
306 |
135 |
|
BRADWELL LIMITED |
1134 |
688 |
|
HARLEY ULSTER |
0 |
4 |
|
JOHN MCGOEY |
0 |
3 |
|
ROSE MURPHY |
0 |
4 |
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 |
Writ Details
|
No writs found |
Top 20 Shareholders
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
|
MASONITE IRELAND |
USD |
2,000 |
ORDINARY |
0 |
|
CROWN DOOR CORP |
USD |
1 |
ORDINARY |
0 |
Payment Information
Trade Payment Information
|
Average Invoice Value |
n/a |
|
Invoices available |
n/a |
|
Paid |
n/a |
|
Outstanding |
n/a |
Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.
Statistics
|
Group |
- |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Summary
|
Holding Company |
- |
|
Ownership Status |
|
|
Ultimate Holding Company |
|
Group structure Full
|
|
Name |
ROSE MURPHY |
Date of Birth |
- |
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
4 |
Function |
Company Secretary |
|
Appointment Date |
01/03/2006 |
|
|
|
Address |
1114 SOUTH MOODY AVENUE, TAMPA, FL 33629, UNITED STATES |
||
|
|
|
|
|
No Status History found
|
Date |
Description |
|
10/11/2014 |
Annual Returns |
|
01/01/2014 |
BRIAN CHAPLES has left the board |
|
01/01/2014 |
New Board Member (JIM KINGRY) appointed |
|
15/11/2013 |
Annual Returns |
|
23/11/2012 |
Annual Returns |
|
01/11/2011 |
Annual Returns |
|
25/10/2010 |
Annual Returns |
|
10/12/2009 |
Annual Returns |
|
31/12/2008 |
JAMES HOEY has left the board |
|
26/10/2008 |
Annual Returns |
|
07/05/2008 |
New Board Member (BRIAN CHAPLES) appointed |
|
31/03/2008 |
JAMES URBAN MORRISON III has left the board |
|
29/11/2007 |
Annual Returns |
|
30/09/2006 |
ROBERT TUBBESING has left the board |
|
01/03/2006 |
HARLEY ULSTER has resigned as company secretary |
|
Date |
Previous Name |
|
N/A |
MASONITE IRELAND RESEARCH |
|
Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger. |
|
Mortgage Type: |
A charge on uncalled share capital of the company. A charge created or evidenced by an instrument |
||
|
Date Charge Created: |
06/04/05 |
|
|
|
Date Charge Registered: |
26/04/05 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
NOT SATISFIED |
|
|
|
Person(s) Entitled: |
THE BANK OF NOVA SCOTIA (THE "COLLATERAL AGENT" WHICH TERM INCLUDES ITS SUCCESSORS AND ASSIGNS) |
||
|
Amount Secured: |
|
||
|
Details: |
The payment or discharge of each of the Secured Obligations at the time and in the manner provided in the relevant Credit Document for their payment or discharge by the relevant Credit Party. Defined terms have the meanings given to them in the Annex attached to form C1 |
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.49 |
|
|
1 |
Rs.92.26 |
|
Euro |
1 |
Rs.66.80 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.