MIRA INFORM REPORT

 

 

Report No. :

347251

Report Date :

04.11.2015

 

IDENTIFICATION DETAILS

 

Name :

DUNNES STORES (BANGOR) LIMITED

 

 

Registered Office :

Milestone  House, 28 Hill  Street, Newry,  BT34  1AR

 

 

Country :

Ireland

 

 

Financials (as on) :

01.02.2014

 

 

Date of Incorporation :

13.05.1969

 

 

Legal Form :

Private  limited  with  Share  Capital

 

 

Line of Business :

  • Retail  sale  in  non-specialised  stores  with  food,  beverages  or  tobacco predominating
  • Group  engaged  in  the  retail  of  textiles,  grocery  and  homeware  goods

 

 

No. of Employee :

1724 (2014)

 

 

 

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 :

Slow but correct

 

 

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

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 

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

 

DUNNES STORES (BANGOR) LIMITED

 

 

Registered  Address

 

MILESTONE HOUSE, 28 HILL  STREET, NEWRY,  BT34  1AR

 

 

Company  Summary

 

Registered  Address

MILESTONE  HOUSE

Trading  Address

Milestone  House

 

28 HILL  STREET

 

28 Hill  Street

 

NEWRY

 

Newry

 

BT34  1AR

 

County  Down

 

 

 

BT34  1AR

Website  Address

http://www.dunnesstores.com

 

 

Telephone  Number

02830261907

Fax  Number

 

TPS

No

FPS

No

Incorporation  Date

13/05/1969

 

 

Previous  Name

 

Type

Private  limited  with  Share  Capital

 

 

FTSE  Index

-

Date  of  Change

-

Filing  Date  of  Accounts

03/11/2014

Currency

GBP

Share  Capital

£25,502

SIC07

47110

Charity  Number

-

SIC07  Description

RETAIL  SALE  IN  NON-SPECIALISED  STORES  WITH  FOOD,  BEVERAGES  OR  TOBACCO PREDOMINATING

Principal  Activity

A  group  engaged  in  the  retail  of  textiles,  grocery  and  homeware  goods.

 

 

Key  Financials

 

Year  to  Date

Turnover

Pre  Tax  Profit

Shareholder

Funds  Employees

01/02/2014

£140,526,000

£13,893,000

£317,117,000

1724

02/02/2013

£157,558,000

£15,947,000

£306,985,000

1944

28/01/2012

£166,368,000

£12,372,000

£297,758,000

1999

Mortgage  Summary

 

Total  Mortgage

5

Outstanding

0

Satisfied

5

 

 

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  strong  equity  funding. The  company  has  more  cash  than  short  term  bank  borrowings.

 

 

CCJ

 

Total  Number  of  Exact  CCJs  -

1

Total  Value  of  Exact  CCJs  -

£44,061

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

2

Total  Current  Secretaries

1

Total  Previous  Directors  /  Company

 

Secretaries

3

 

 

Current  Directors

 

Name

Frank  Dunne

Date  of  Birth

23/05/1943

Officers  Title

Mr

Nationality

Irish

Present  Appointments

21

Function

Director

Appointment  Date

13/05/1969

 

 

Address

Hamwood  Stud,  Dunboyne,  Co  Meath

 

 

Name

Margaret  Heffernan

Date  of  Birth

09/03/1942

Officers  Title

Ms

Nationality

Irish

Present  Appointments

15

Function

Director

Appointment  Date

13/05/1969

 

 

Address

Dilkusha,  Stillorgan  Road,  Dublin,  4

 

 

 

 

Current  Company  Secretary

 

Name

Thomas  John  Sheridan

Date  of  Birth

-

Officers  Title

Mr

Nationality

 

Present  Appointments

1

Function

Company  Secretary

Appointment  Date

13/05/1969

 

 

Address

193 Roebuck  Castle,  Roebuck  Rd,  Clonskeagh,  Dublin  14

 

 

 

 

Top  20  Shareholders

 

Name

 

Currency     Share  Count

Share  Type

Nominal  Value

% of  Total  Share  Count

DUNNES  STORES

GBP

25,501

ORDINARY

1

100

DUNNES  STORES  LTD

GBP

1

ORDINARY

1

0

 

 

Profit  &  Loss

 

 

Date  Of

01/02/14

(%)

02/02/13

(%)

28/01/12

(%)

29/01/11

(%)

30/01/10

Accounts

 

 

 

 

 

 

 

 

 

Weeks

52

(%)

53

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated

 

 

 

 

 

 

 

 

 

 

Y

(%)

Y

(%)

Y

(%)

Y

(%)

Y

A/cs

 

 

 

 

 

 

 

 

 

Turnover

£140,526,000

-10.8%

£157,558,000

-5.3%

£166,368,000

-6.5%

£177,878,000

-8.6%

£194,677,449

Export

-

-

-

-

-

-

-

-

-

Cost  of  Sales

£87,348,000

-10.2%

£97,249,000

-9.6%

£107,557,000

-5.5%

£113,833,000

-5.8%

£120,854,202

Gross  Profit

£53,178,000

-11.8%

£60,309,000

2.5%

£58,811,000

-8.2%

£64,045,000

-13.2%

£73,823,247

Wages  &

£17,580,000

-7%

£18,897,000

-5.9%

£20,081,000

-3.6%

£20,834,000

-11.6%

£23,555,449

Salaries

 

 

 

 

 

 

 

 

 

Directors

-

-

-

-

-

-

-

-

-

Emoluments

 

 

 

 

 

 

 

 

 

Operating  Profit

£13,412,000

-11.9%

£15,226,000

27.5%

£11,945,000

-43.3%

£21,055,000

-3.6%

£21,843,550

Depreciation

£3,179,000

-11.6%

£3,596,000

-26.9%

£4,922,000

-18.3%

£6,022,000

5.9%

£5,687,542

Audit  Fees

£60,000

-

£60,000

-

£60,000

-13%

£69,000

-20.4%

£86,708

Interest

 

 

 

 

 

 

 

 

 

 

£532,000

2.5%

£519,000

-8.3%

£566,000

13.2%

£500,000

-

-

Payments

 

 

 

 

 

 

 

 

 

Pre  Tax  Profit

£13,893,000

-12.9%

£15,947,000

28.9%

£12,372,000

-52.9%

£26,287,000

-6%

£27,974,943

Taxation

-£3,627,000

15.8%

-£4,308,000

-44%

-£2,991,000

63.6%

-£8,208,000

2.8%

-£8,444,184

Profit  After  Tax

£10,266,000

-11.8%

£11,639,000

24.1%

£9,381,000

-48.1%

£18,079,000

-7.4%

£19,530,759

Dividends

Payable

£466,000

-86.8%

£3,527,000

-14.7%

£4,137,000

-55.4%

£9,281,000

-22.3%

£11,943,111

Retained  Profit

£9,800,000

20.8%

£8,112,000

54.7%

£5,244,000

-40.4%

£8,798,000

16%

£7,587,648

 

 

Balance  Sheet

 

Date  Of

01/02/14

(%)

02/02/13

(%)

28/01/12

(%)

29/01/11

(%)

30/01/10

Accounts

 

 

 

 

 

 

 

 

 

Tangible  Assets

£107,195,000

0%

£107,146,000

-2.5%

£109,883,000

-4.2%

£114,714,000

-5%

£120,694,302

Intangible

£68,000

-20.9%

£86,000

-16.5%

£103,000

-14.2%

£120,000

-

0

Assets

 

 

 

 

 

 

 

 

 

Total  Fixed

£107,263,000

0%

£107,232,000

-2.5%

£109,986,000

-4.2%

£114,834,000

-4.9%

£120,694,302

Assets

 

 

 

 

 

 

 

 

 

Stock

£6,739,000

-3%

£6,944,000

-5.5%

£7,347,000

-11.2%

£8,276,000

16.1%

£7,129,948

Trade  Debtors

0

-

0

-

0

-

0

-

0

Cash

£104,168,000

259.4%

£28,984,000

-31.1%

£42,053,000

18.3%

£35,555,000

-90.1%

£358,415,799

Other  Debtors

£121,116,000

-33.2%

£181,437,000

14.7%

£158,117,000

-0.6%

£159,077,000

999.9%

£5,214,511

Miscellaneous

0

-

0

-

0

-

0

-

0

Current  Assets

 

 

 

 

 

 

 

 

 

Total  Current

Assets

£232,023,000

6.7%

£217,365,000

4.7%

£207,517,000

2.3%

£202,908,000

-45.3%

£370,760,258

Trade  Creditors

£7,978,000

31.7%

£6,059,000

12.7%

£5,377,000

-29%

£7,573,000

-19.1%

£9,365,873

Bank  Loans  &

Overdrafts

£3,434,000

12.1%

£3,062,000

-26.8%

£4,181,000

5.3%

£3,969,000

-17.4%

£4,804,767

Other  Short  Term

Finance

0

-

0

-

0

-

0

-100%

£180,817,054

Miscellaneous

Current

Liabilities

£8,813,000

31.4%

£6,708,000

-12.3%

£7,648,000

-30.1%

£10,943,000

10.5%

£9,905,364

Total  Current

Liabilities

£20,225,000

27.8%

£15,829,000

-8%

£17,206,000

-23.5%

£22,485,000

-89%

£204,893,058

Bank  Loans  &

Overdrafts  and LTL

£5,378,000

11%

£4,845,000

-27.9%

£6,720,000

1.4%

£6,624,000

-11.9%

£7,515,690

Other  Long  Term

Finance

0

-

0

-

0

-

0

-

0

Total  Long  Term

Liabilities

£1,944,000

9%

£1,783,000

-29.8%

£2,539,000

-4.4%

£2,655,000

-2.1%

£2,710,923

 

 

Capital  &  Reserves

 

Date  Of

01/02/14

(%)

02/02/13

(%)

28/01/12

(%)

29/01/11

(%)

30/01/10

Accounts

 

 

 

 

 

 

 

 

 

Called  Up  Share

Capital

£1,000

-

£1,000

-

£1,000

-

£1,000

-21.7%

£1,277

P  &  L  Account

Reserve

£317,116,000

3.3%

£306,984,000

3.1%

£297,757,000

1.8%

£292,601,000

3.1%

£283,849,302

Revaluation

Reserve

-

-

-

-

-

-

-

-

-

Sundry

Reserves

-

-

-

-

-

-

-

-

-

Shareholder

£317,117,000

3.3%

£306,985,000

3.1%

£297,758,000

1.8%

£292,602,000

3.1%

£283,850,579

Funds

 

 

 

 

 

 

 

 

 

 

 

Other  Financial  Items

 

Date  Of

01/02/14

(%)

02/02/13

(%)

28/01/12

(%)

29/01/11

(%)

30/01/10

Accounts

 

 

 

 

 

 

 

 

 

Net  Worth

£317,049,000

3.3%

£306,899,000

3.1%

£297,655,000

1.8%

£292,482,000

3%

£283,850,579

Working  Capital

£211,798,000

5.1%

£201,536,000

5.9%

£190,311,000

5.5%

£180,423,000

8.8%

£165,867,200

Total  Assets

£339,286,000

4.5%

£324,597,000

2.2%

£317,503,000

-0.1%

£317,742,000

-35.3%

£491,454,560

Total  Liabilities

£22,169,000  25.9%

 

£17,612,000

-10.8%

£19,745,000

-21.5%

£25,140,000

-87.9%

£207,603,981

Net  Assets

£317,117,000

3.3%

£306,985,000

3.1%

£297,758,000

1.8%

£292,602,000

3.1%

£283,850,579

 

 

Cash  Flow

 

Date  Of

01/02/14

(%)

02/02/13

(%)

28/01/12

(%)

29/01/11

(%)

30/01/10

Accounts

 

 

 

 

 

 

 

 

 

Net  Cashflow

from  Operations

£80,031,000 

999.9%

-£4,881,000 

-127.9%

£17,504,000 

105.6%

-£311,170,000

-436.2%

£92,560,796

Net  Cashflow

before  Financing

£74,812,000

726%

-£11,950,000 

-290.1%

£6,286,000

102%

-£322,025,000

-512.9%

£77,996,226

Net  Cashflow

from  Financing

-

-

-

-

-

-

-

-

-

Increase  in

Cash

£74,812,000

726%

-£11,950,000 

-290.1%

£6,286,000

102%

-£322,025,000

-512.9%

£77,996,226

 

 

Miscellaneous

 

Date  Of

01/02/14

(%)

02/02/13

(%)

28/01/12

(%)

29/01/11

(%)

30/01/10

Accounts

 

 

 

 

 

 

 

 

 

Contingent

Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital

Employed

£319,061,000

3.3%

£308,768,000

2.8%

£300,297,000

1.7%

£295,257,000

3%

£286,561,502

Number  of

Employees

1724

-11.3%

2944

-2.8%

1999

-14.6%

2342

-9.4%

2585

Accountants

 

 

 

 

 

 

 

 

 

Auditors

ERNST  &  YOUNG

 

 

 

 

 

 

 

 

Auditor

 

 

 

 

 

 

 

 

 

 

The  audit  report  contains  no  adverse  comments

 

 

 

 

 

 

 

 

Comments

 

 

 

 

 

 

 

 

 

Bankers

ULSTER  BANK  LTD

 

 

 

 

 

 

 

 

Bank  Branch

98-11-40

 

 

 

 

 

 

 

 

Code

 

 

 

 

 

 

 

 

 

 

 

Ratios

 

Date    Of

01/02/14

02/02/13

28/01/12

29/01/11

30/01

 

Accounts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-tax    profit

 

9.89

10.12

7.44

14.78

14.3

 

margin    %

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current    ratio

 

11.47

13.73

12.06

9.02

1.8

 

 

 

 

 

 

 

 

 

 

Sales/Net

 

0.66

0.78

0.87

0.99

1.1

 

Working    Capital

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gearing    %

 

1.70

1.60

2.30

2.30

2.6

 

 

 

 

 

 

 

 

 

 

Equity    in    %

 

93.50

94.60

93.80

92.10

57.8

 

 

 

 

 

 

 

 

 

 

Creditor    Days

 

20.66

14.26

11.76

15.49

17.5

 

 

 

 

 

 

 

 

 

 

Debtor    Days

 

-

-

-

-

-

 

 

 

 

 

 

 

 

 

 

Liquidity/Acid

 

11.13

13.29

11.63

8.65

1.7

 

Test

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Return    On

 

 

 

 

 

 

 

 

Capital

 

4.35

5.16

4.11

8.90

9.7

 

Employed    %

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Return    On    Total

 

 

 

 

 

 

 

Assets

 

4.09

4.91

3.89

8.27

5.6

 

Employed    %

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current    Debt

 

0.06

0.05

0.05

0.07

0.7

 

Ratio

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total    Debt    Ratio 0.06

0.05

0.06

0.08

0.7

 

 

 

 

 

 

 

 

 

 

Stock    Turnover

 

4.79

4.40

4.41

4.65

3.6

 

Ratio    %

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Return    on    Net

 

 

 

 

 

 

 

 

Assets

 

4.38

5.19

4.15

8.98

9.8

 

Employed    %

 

 

 

 

 

 

 

 

 

 

PREVIOUS  COMPANY  NAMES

 

No  Previous  Names  found

 

WRIT  DETAILS

 

No  writs  found

 

 

Statistics

 

Summary

 

Group

65 companies

Holding  Company

DUNNES  STORES

Linkages

0 companies

Ownership  Status

Wholly  Owned

Countries

In  0  countries

 

DUNNES  HOLDING

COMPANY

 

 

Ultimate  Holding  Company

 

Group  Structure

 

Company  Name

Registered

Latest  Key

Consol.

 

 

Number

Financials

Accounts

Turnover

DUNNES  HOLDING  COMPANY

IE020461

28.01.2012

N

 

BENLETTERY  LTD

N/A

-

-

 

DUNNES  STORES

IE317228

28.01.2012

N

 

BARAMA  LIMITED

IE319244

01.02.2014

N

 

CHARTERTON  INVESTM...

IE216335

01.02.2014

N

 

DUNNES  STORES  (BAN...

NI007608

01.02.2014

Y

£140,526,000

DUNNES  STORES  (UK...

01756685

01.02.2014

N

£24,459,000

DUNNES  STORES  HOL...

01758106

01.02.2014

N

 

TACADO

IE021315

28.01.2012

N

 

CORNELSCOURT  SHOP...

IE023628

01.02.2014

N

 

CRUMLIN  INVESTM...

IE038958

01.02.2014

N

 

DUNNES  STORES  (GE...

IE003713

28.01.2012

N

 

BALLYVOLANE  LIM...

IE052774

01.02.2014

N

 

DUNNES  STORES  (...

IE084767

01.02.2014

N

 

DUNNES  STORES  (...

IE044734

01.02.2014

N

 

DUNNES  STORES  (...

IE045275

01.02.2014

N

 

DUNNES  STORES  (...

IE053736

01.02.2014

N

 

DUNNES  STORES  (...

IE055831

01.02.2014

N

 

DUNNES  STORES  (...

IE084769

01.02.2014

N

 

DUNNES  STORES  (...

IE100522

01.02.2014

N

 

DUNNES  STORES  (...

IE109245

01.02.2014

N

 

DUNNES  STORES  (...

IE116092

01.02.2014

N

 

DUNNES  STORES  (...

IE151147

01.02.2014

N

 

FELLHURST  LIMITED

IE117227

01.02.2014

N

 

INTERFIT  LIMITED

IE057234

01.02.2014

N

 

JOSNOR  LIMITED

IE379628

01.02.2014

N

 

MASPIL  LIMITED

IE081228

01.02.2014

N

 

MERSADA  LIMITED

IE207390

01.02.2014

N

 

NEWBRIDGE  FOODS...

IE150791

01.02.2014

N

 

NOSTEX  PROPERTI...

IE043976

01.02.2014

N

 

OAKVILLE  LIMITED

IE043847

01.02.2014

N

 

TENDER  MEATS  LI...

IE047557

01.02.2014

N

 

VARINANKA  LIMITED

IE373227

01.02.2014

N

 

DUNNES  STORES  (CO...

IE015815

01.02.2014

N

 

DUNNES  STORES  (...

IE014559

01.02.2014

N

 

DUNNES  STORES  (...

IE015510

01.02.2014

N

 

DUNNES  STORES  (...

IE015684

01.02.2014

€50,000

 

DUNNES  STORES  (...

IE026776

01.02.2014

€1,000

 

DUNNES  STORES  (...

IE050132

01.02.2014

€1,000

 

DUNNES  STORES  (...

IE050133

01.02.2014

€25,000

 

DUNNES  STORES  (...

IE103443

01.02.2014

€1,000

 

DUNNES  STORES  (HE...

IE016365

28.01.2012

-

 

CASSIDY'S  LIMITED

IE010146

01.02.2014

€100,000

 

EDWARD  LEE  AN...

IE049567

01.02.2014

€100,000

 

BESTS  STORE...

IE023547

01.02.2014

€100,000

 

EDWARD  LEE...

IE002876

01.02.2014

€1,000

 

DUNNES  STORES  (...

IE010142

01.02.2014

€50,000

 

DUNNES  STORES  (...

IE025153

01.02.2014

€50,000

 

DUNNES  STORES  (...

IE027530

01.02.2014

€100,000

 

DUNNES  STORES  (...

IE031216

01.02.2014

€100,000

 

DUNNES  STORES  (...

IE031367

01.02.2014

€25,000

 

DUNNES  STORES  (...

IE031818

01.02.2014

€100,000

 

DUNNES  STORES  (...

IE031990

01.02.2014

€25,000

 

DUNNES  STORES  (...

IE033494

01.02.2014

€100,000

 

DUNNES  STORES  (...

IE036277

01.02.2014

€50,000

 

DUNNES  STORES  (...

IE096640

01.02.2014

-

 

J.  BOLGER  &  CO...

IE007072

01.02.2014

€100,000

 

BOLGER'S  STOR...

IE010260

01.02.2014

€100,000

 

TALLAGHT  SHOPPI...

IE050818

01.02.2014

€1,000

 

TALLAGHT  SHOP...

IE059374

01.02.2014

€1,500

 

DUNNES  STORES  IRE...

IE109137

28.01.2012

-

 

DUNNES  STORES  P...

IE251730

01.02.2014

-

 

DUNNES  STORES  F...

IE278264

01.02.2014

€1,000

 

SARSFIELD  CENTR...

IE062089

01.02.2014

€25,000

 

CASTLEBROOK  I...

IE108975

01.02.2014

€100,000

 

 

 

Exact  CCJ  Details

 

Date

Court

Amount    Status

Case  Number

Date  Paid

28/04/2014

COUNTY  COURT  MONEY  CLAIMS  CENTRE

£44,061

Judgment     A60YJ384

-

 

 

Possible  CCJs  Details

 

Possible  CCJ  matches  show  CCJs  that  may  be  matched  to  a  company  based  on  various  criteria  such  as  similar  trading  names  or  addresses.  This data  is  provided  for  your  information  only  as  an  aid  to  decision-making  and  does  not  affect  a  company’s  rating.

 

There  are  no  possible  CCJ  details

 

Mortgage  Details

 

Mortgage  Type:

MORTGAGE  OR  CHARGE

Date  Charge  Created:

25/02/97

Date  Charge  Registered:

03/03/97

Date  Charge  Satisfied:

17/02/11

Status:

SATISFIED

Person(s)  Entitled:

BANNSIDE  INVESTMENT

Amount  Secured:

ALL  MONIES.  MORTGAGE  THE  PREMISES  COMPRISED  IN  AND  DEMISEDBY  A  LEASE  MADE 10/6/96  FROM  THE  COLERAINE  HARBOUR  COMMISSIONERS  TO  BANNSIDE  INVEST  MENTS LIMITED  AND  THEREIN  DESCRIBED  AS  "ALL  THAT  PIECE  OR  PARCEL  OF  LAND  SITUATE  AT

 

Details:

COLERAINE  HARBOUR  IN  THE  TOWN  AND  PARISH  OF  COLERAINE  BARONY  OFNORTH  EAST

 

LIBERTIES  OF  COLERAINE  AND  COUNTY  LONDONDERRY  OUTLINED  IN  RED  ON  THE  MAP

 

ATTACHED  HERETO  TOGETHER  WITH  THE  BUILDING"  AND  FIXTURES  AND  FIXED  PLANT  AND

 

MACHINERY.

Mortgage  Type:

MORTGAGE  OR  CHARGE

Date  Charge  Created:

02/01/96

Date  Charge  Registered:

04/01/96

Date  Charge  Satisfied:

19/07/10

Status:

SATISFIED

Person(s)  Entitled:

IRWIN  GLENBANK  LTD

Amount  Secured:

ALL  MONIES.  MORTGAGE  FIRSTLY  THE  PREMISES  COMPRISED  IN  AND  DEMISED  BY  A  LEASE MADE  2/1/96  BETWEEN  IRWIN  GLENBANK  LIMITED  OF  THE  ONE  PART  AND  DUNNES  STORES (BANGOR)  LIMITEDOF  THE  OTHER  PARTAND  KNOWN  AS  THE  MAJOR  UNIT  IRWIN  CENTRE PORTADOWN  IN  THE  CO.  OF  ARMAGH  AND  SECONDLY  THE  PREMISES  COMPRISED  IN  AND

Details:

DEMISED  BY  A  LEASE  MADE  2/1/96  BETWEEN  IRWIN  GLENBANKLIMITED  OF  THE  ONEPART  AND

 

DUNNES  STORES  (BANGOR)  LIMITED  OF  THE  OTHER  PART  FORMERLY  KNOWN  AS  UNIT  8 ANDNOW  KNOWN  AS  UNIT  10  IRWIN  CENTRE  PORTADOWN  IN  THE  COUNTY  OF  ARMAGH.  ALL BUILDINGSFIXTURES  AND  FIXED  PLANT  AND  MACHINERY  FROM  TIME  TO  TIME  THEREON  AND THEREIN.

Mortgage  Type:

MORTGAGE  OR  CHARGE

Date  Charge  Created:

31/03/94

Date  Charge  Registered:

07/04/94

Date  Charge  Satisfied:

08/09/97

Status:

SATISFIED

Person(s)  Entitled:

CARMEL  MCGUCKIAN

Amount  Secured:

N/A

Details:

ALL  MONIES.  MORTGAGE  SEE  DOC  59  FOR  DETAILS

Mortgage  Type:

MORTGAGE  OR  CHARGE

Date  Charge  Created:

04/12/92

Date  Charge  Registered:

09/12/92

Date  Charge  Satisfied:

21/01/93

Status:

SATISFIED

Person(s)  Entitled:

COLINGTON  LTD  &

Amount  Secured:

200000

 

EQUITABLE  DEPOSIT  OF  TITLE  DEEDS  UNITS  B1,B2,B3  AND  C  NEWRY  RETAIL  PARK  NEWRY

Details:

 

 

COUNTY  DOWN.

Mortgage  Type:

MORTGAGE  OR  CHARGE

Date  Charge  Created:

16/11/89

Date  Charge  Registered:

21/11/89

Date  Charge  Satisfied:

08/09/97

Status:

SATISFIED

Person(s)  Entitled:

KOREA  FIRST  BANK

Amount  Secured:

ALL  MONIES  AND  LIABILITIES  PRESENT  OR  FUTURE,  ACTUAL  OR  CONTINGENT  DUE  NOW  OR  AT ANY  TIMES  IN  THE  FUTURE  BY  XL  SPORTS  LIMITED  HAVING  ITS  REGISTERED  OFFICE  AT  190

STRAND,  LONDON  WC2  1JN  AND  REGISTEREDIN  ENGLAND  UNDER  COMPANY  NUMBER

2403649 NOT  EXCEEDING  IN  AMOUNT  THE  DEPOSIT  OF  FUNDS  MADE  IN  CONNECTION HEREWITH  PLUS  INTEREST  ACCRUED  AND  ACCRUING  THEREON.

Details:

ALL  MONIES.  DEED  OF  GUARANTEE  THE  SUM  OF  US$500,000  DEPOSITED  OR  AGREED  TO  BE

DEPOSITED  WITH  THEKOREA  FIRST  BANK  BY  THE  COMPANY.

 

 

Previous  Director/Company  Secretaries

 

Name

Current  Directorships

Previous  Directorships

Laurence  Howard

0

1

Anne  Dunne

0

1

Patrick  O'Driscoll

12

2

 

 

Average  Invoice  Value

 

Invoices  available

16

Paid

16

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

10

4

1

0

1

Outstanding

0

0

0

0

0

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.65.45

UK Pound

1

Rs.100.96

Euro

1

Rs.72.10

 

INFORMATION DETAILS

 

Analysis Done by :

KIN

 

 

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%)

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.