MIRA INFORM REPORT

 

 

Report No. :

350839

Report Date :

19.11.2015

 

IDENTIFICATION DETAILS

 

Name :

FINNEGAN FUNERAL HOME LIMITED

 

 

Registered Office :

Old Dublin Road Cavan 999943

 

 

Country :

Ireland

 

 

Financials (as on) :

31.08.2014

 

 

Date of Incorporation :

16.08.2011

 

 

Com. Reg. No.:

IE502402

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Funeral And Related Activities.

 

 

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 :

Slow

 

 

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

 

 


Company Summary

 

Registered Address

OLD DUBLIN ROAD

CAVAN 999943

Trading Address

 

 

Website Address

--

 

 

Telephone Number

--

Fax Number

--

TPS

--

FPS

--

Incorporation Date

16/08/2011

 

 

Previous Name

--

Type

Private limited with Share Capital

FTSE Index

--

Date of Change

-

Filing Date of Accounts

--

Currency

EUR

Share Capital

€100

SIC07

96030

Charity Number

--

 

 

SIC07 Description

FUNERAL AND RELATED ACTIVITIES

Principal Activity

--

 

 

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder

Funds Employees

31/08/2014

--

--

-€2,911

--

31/08/2013

--

--

-€1,899

--

31/08/2012

--

--

-€1,121

--

 

 

Mortgage Summary

 

Total Mortgage             1

Outstanding                 1

Satisfied                       0

 

 

Trade Debtors / Bad Debt Summary

 

Total Number of Documented Trade                 0

Total Value of Documented Trade                    €0

 

 


Commentary

 

No exact match CCJs are recorded against the company.

There is insufficient data to indicate a change in this company's percentage of sales.

There is insufficient data to indicate a change in this company's pre-tax profit.

 

 

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

3

Total  Current  Secretaries

1

Total  Previous  Directors  /  Company Secretaries

0

 

 

Current Directors

 

Name

TERESA  FINNEGAN

Date  of  Birth

29/03/1959

Officers  Title

 

Nationality

 

Present  Appointments

4

Function

Director

Appointment  Date

16/08/2011

 

 

Address

3 OAKWOOD  CRESCENT,  BALLYHAISE,  CO.CAVAN

Name

DECLAN  FINNEGAN

Date  of  Birth

30/07/1961

Officers  Title

 

Nationality

 

Present  Appointments

2

Function

Director

Appointment  Date

16/08/2011

 

 

Address

3 OAKWOOD  CRESCENT,  BALHAISE,  CO.  CAVAN

Name

SHANE  FINNEGAN

Date  of  Birth

02/07/1991

Officers  Title

 

Nationality

 

Present  Appointments

3

Function

Director

Appointment  Date

16/08/2011

 

 

Address

3 OAKWOOD  CRESCENT,  BALLYHAISE,  CAVAN

 

 

Current Company Secretary

 

Name

DECLAN  FINNEGAN

Date  of  Birth

30/07/1961

Officers  Title

 

Nationality

 

Present  Appointments

2

Function

Company  Secretary

Appointment  Date

16/08/2011

 

 

Address

3 OAKWOOD  CRESCENT,  BALHAISE,  CO.  CAVAN

 

 

Top 20 Shareholders

 

Name

Currency

Share  Count

Share  Type

Nominal  Value

% of  Total  Share  Count

DECLAN  CHARLES  FINNEGAN

EUR

60

ORDINARY

1

60

TERESA  FINNEGAN

EUR

20

ORDINARY

1

20

SHANE  FINNEGAN

EUR

20

ORDINARY

1

20

 

 

Profit & Loss

 

Date Of Accounts

31/08/14

(%)

31/08/13

(%)

31/08/12

(%)

-

(%)

-

Weeks

52

(%)

52

(%)

52

(%)

-

(%)

-

Currency

EUR

(%)

EUR

(%)

EUR

(%)

-

(%)

-

Consolidated A/cs

N

(%)

N

(%)

N

(%)

-

(%)

-

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

31/08/14

(%)

31/08/13

(%)

31/08/12

(%)

-

(%)

-

Tangible Assets

0

--

0

--

0

--

--

--

--

Intangible Assets

0

--

0

--

0

--

--

--

--

Total Fixed Assets

0

--

0

--

0

--

--

--

--

Stock

0

--

0

--

0

--

--

--

--

Trade Debtors

0

--

0

--

0

--

--

--

--

Cash

0

--

0

--

0

--

--

--

--

Other Debtors

0

--

0

--

0

--

--

--

--

Miscellaneous Current Assets

0

--

0

--

0

--

--

--

--

Total Current Assets

0

--

0

--

0

--

--

--

--

Trade Creditors

€2,911

Bank Loans & Overdrafts

0

--

0

--

0

--

--

--

--

Other Short Term Finance

0

-100%

€681

--

€681

--

--

--

--

Miscellaneous Current Liabilities

0

-100%

€1,218

176.8%

€440

--

--

--

--

Total Current Liabilities

€2,911

53.3%

€1,899

69.4%

€1,121

--

--

--

--

Bank Loans & Overdrafts and LTL

0

--

0

--

0

--

--

--

--

Other Long Term Finance

0

--

0

--

0

--

--

--

--

Total Long Term Liabilities

0

--

0

--

0

--

--

--

--

 

 

Capital & Reserves

 

Date Of Accounts

31/08/14

(%)

31/08/13

(%)

31/08/12

(%)

-

(%)

-

Called Up Share Capital

€100

--

€100

--

€100

--

--

--

--

P & L Account Reserve

-€3,011

-50.6%

-€1,999

-63.7%

-€1,221

--

--

--

--

Revaluation Reserve

--

--

--

--

--

--

--

--

--

Sundry Reserves

--

--

--

--

--

--

--

--

--

Shareholder Funds

-€2,911

-53.3%

-€1,899

-69.4%

-€1,121

--

--

--

--

 

 

Other Financial Items

 

Date Of Accounts

31/08/14

(%)

31/08/13

(%)

31/08/12

(%)

-

(%)

-

Net Worth

-€2,911

-53.3%

-€1,899

-69.4%

-€1,121

--

--

--

--

Working Capital

-€2,911

-53.3%

-€1,899

-69.4%

-€1,121

--

--

--

--

Total Assets

--

--

--

--

--

--

--

--

--

Total Liabilities

-€2,911

-53.3%

-€1,899

-69.4%

-€1,121

--

--

--

--

Net Assets

-€2,911

-53.3%

-€1,899

-69.4%

-€1,121

--

--

--

--

 

 

Cash Flow

 

Date Of Accounts

31/08/14

(%)

31/08/13

(%)

31/08/12

(%)

-

(%)

-

Net Cashflow from Operations

--

--

--

--

--

--

--

--

--

Net Cashflow before Financing

--

--

--

--

--

--

--

--

--

Net Cashflow from Financing

--

--

--

--

--

--

--

--

--

Increase in Cash

--

--

--

--

--

--

--

--

--

 

 

Miscellaneous

 

Date Of Accounts

31/08/14

(%)

31/08/13

(%)

31/08/12

(%)

-

(%)

-

Contingent Liability

NO

--

NO

--

NO

--

--

--

--

Capital Employed

-€2,911

-53.3%

-€1,899

-69.4%

-€1,121

--

--

--

--

Number of Employees

--

--

--

--

--

--

--

--

--

 

Auditors

KBG

Auditor Comments

The company is exempt from audit

Bankers

Bank Branch Code

 

 

Ratios

 

Date Of Accounts

31/08/14

31/08/13

31/08/12

--

--

Pre-tax profit margin %

--

--

--

--

--

Current ratio

--

--

--

--

--

Sales/Net Working Capital

--

--

--

--

--

Gearing %

0

0

0

--

--

Equity in %

--

--

--

--

--

Creditor Days

--

--

--

--

--

Debtor Days

--

--

--

--

--

Liquidity/Acid Test

--

--

--

--

--

Return On Capital Employed %

--

--

--

--

--

Return On Total Assets Employed %

--

--

--

--

--

Current Debt Ratio

-1

-1

-1

--

--

Total Debt Ratio

-1

-1

-1

--

--

Stock Turnover Ratio %

--

--

--

--

--

Return on Net Assets Employed %

--

--

--

--

--

 

 

Report Notes

 

There are no notes to display.

 

 

Status History

 

No Status History found

 

 

 

Event History

 

Date

 

Description

18/08/2015

New  Accounts  Filed

14/08/2015

Annual  Returns

12/08/2014

New  Accounts  Filed

08/08/2014

Annual  Returns

22/03/2014

Annual  Returns

21/03/2013

New  Accounts  Filed

19/03/2013

Annual  Returns

06/03/2012

Annual  Returns

16/08/2011

New  Board  Member  (DECLAN  FINNEGAN)  appointed

16/08/2011

New  Company  Secretary  (DECLAN  FINNEGAN)  appointed

16/08/2011

New  Board  Member  (SHANE  FINNEGAN)  appointed

16/08/2011

New  Board  Member  (TERESA  FINNEGAN)  appointed

 

 

Previous Company Names

 

No Previous Names found

 

Received Documents

 

 

Writ Details

 

No writs found

 

 

Statistics

 

Group

-

Linkages

0 companies

Countries

In  0  countries

 

 

Summary

 

Holding  Company

-

Ownership  Status

 

Ultimate  Holding  Company

-

 

 

Group Structure

 

No  Group  Structure

 

 

Business Owner Links

 

Business  Name

 

Business  No

Business Status.

 

FINNEGAN  FUNERAL  HOME  LIMITED

IE502402

 

  LAKELANDS  CREMATORIUM

486660

NORMAL

 

 


Mortgage Details

 

Mortgage  Type:

A  charge  over  FINNEGAN  FUNERAL  HOME  LIMITED's  property,  undertaking  and  assets..

Date  Charge  Created:

04/06/15

Date  Charge  Registered:

19/06/15

Date  Charge  Satisfied:

-

Status:

NOT  SATISFIED

Person(s)  Entitled:

ALLIED  IRISH  BANKS  PLC

Amount Secured:

 

Details:

 

 

 

Previous Director/Company Secretaries

 

No Previous Director Details

 

 

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.

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.11

UK Pound

1

Rs.100.51

Euro

1

Rs.70.39

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAS

 

 

Report Prepared by :

ANK

 


 

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.