MIRA INFORM REPORT

Report No. :	350689
Report Date :	21.11.2015

IDENTIFICATION DETAILS

Name :	TINNAKEENLY  LEATHERS  LIMITED
Registered Office :	Skeaghvasteen, Co  Kilkenny, 999932
Country :	Ireland
Financials (as on) :	30.04.2014
Date of Incorporation :	18.04.1990
Legal Form :	Limited Company
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 :

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

Company  Name

TINNAKEENLY  LEATHERS  LIMITED

Registered  Address

SKEAGHVASTEEN, CO  KILKENNY, 999932

Company  Summary

Registered  Address	SKEAGHVASTEEN	Trading  Address	SKEAGHVASTEEN
	CO  KILKENNY		CO  KILKENNY
	999932		CO  KILKENNY
			342418
Website  Address	-
Telephone  Number	0599773173	Fax  Number
TPS	No	FPS	No
Incorporation  Date	18/04/1990
Previous  Name		Type	Limited Company
		FTSE  Index	-
Date  of  Change	-	Filing  Date  of  Accounts	-
Currency	EUR	Share  Capital	€127
SIC07		Charity  Number	-

Key  Financials

Year  to  Date	Turnover	Pre  Tax  Profit	Shareholder	Funds  Employees
30/04/2014	-	-	€8,666	-
30/04/2013	-	-	€21,754	-
30/04/2012	-	-	€15,560	-

Mortgage  Summary

Total  Mortgage	0
Outstanding	0
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.

A  35.7%  growth  in  Total  Assets  occurred  during  the  latest  trading  period.

The  company  saw  an  increase  in  their  Cash  Balance  of  428.2%  during  the  latest  trading  period.

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	2
Total  Current  Secretaries	1
Total  Previous  Directors  /  Company
Secretaries	1

Current  Directors

Name	HUMPHREY  MURPHY	Date  of  Birth	13/12/1971
Officers  Title		Nationality
Present  Appointments	2	Function	Director
Appointment  Date	21/08/2002
Address	SKEAGHVASTEEN,  COUNTY  KILKENNY
Name	RODERICK  MURPHY	Date  of  Birth	19/01/1937
Officers  Title		Nationality
Present  Appointments	2	Function	Director
Appointment  Date	19/04/1990
Address	TINNAKEENLY  HOUSE,  SKEAGH,  CO  KILKENNY

Current Company  Secretary

Name	HUMPHREY  MURPHY	Date  of  Birth	13/12/1971
Officers  Title		Nationality
Present  Appointments	2	Function	Company  Secretary
Appointment  Date	10/03/2005
Address	SKEAGHVASTEEN,  COUNTY  KILKENNY

Top  20  Shareholders

Name	Currency	Share  Count	Share  Type	Nominal  Value
HUMPHREY  MURPHY	EUR	100	ORDINARY	1.27

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

Profit  &  Loss

Date Of	30/04/14(%)			30/04/13(%)		30/04/12(%)		30/04/11(%)		30/04
Accounts
Weeks		52 (%)		52 (%)		52 (%)		52 (%)		52
Currency		EUR (%)		EUR (%)		EUR (%)		EUR (%)		EUR
Consolidated		N	(%)	N	(%)	N	(%)	N	(%)	N
A/cs
Turnover		-	-	-	-	-	-	-	-	-
Export		-	-	-	-	-	-	-	-	-
Cost of Sales		-	-	-	-	-	-	-	-	-
Gross Profit		-	-	-	-	-	-	-	-	-
Wages &		-	-	-	-	-	-	-	-	-
Salaries
Directors		-	-	-	-	-	-	-	-	€42,1
Emoluments
Operating Profit-			-	-	-	-	-	-	-	-
Depreciation		-	-	-	-	-	-	-	-	-
Audit Fees		-	-	-	-	-	-	-	-	-
Interest		-	-	-	-	-	-	-	-	-
Payments
Pre Tax Profit -			-	-	-	-	-	-	-	-
Taxation		-	-	-	-	-	-	-	-	-
Profit After Tax-			-	-	-	-	-	-	-	-
Dividends		-	-	-	-	-	-	-	-	-
Payable
Retained Profit -			-	-	-	-	-	-	-	-

Balance  Sheet

Date  Of Accounts	30/04/14	(%)	30/04/13	(%)	30/04/12	(%)	30/04/11	(%)	30/04/10
Tangible  Assets	€15,393	54.1%	€9,986	19.9%	€8,327	5.7%	€7,876	-22.5%	€10,165
Intangible	0	-	0	-	0	-	0	-	0
Assets
Total  Fixed	€15,393	54.1%	€9,986	19.9%	€8,327	5.7%	€7,876	-22.5%	€10,165
Assets
Stock	€71,897	251.2%	€20,471	-43.7%	€36,367	-50.2%	€73,070	-7.6%	€79,063
Trade  Debtors	€69,723	-24.5%	€92,341	69.6%	€54,454	-24.7%	€72,340	0.4%	€72,046
Cash	€12,999	428.2%	€2,461	-60.3%	€6,197	-40.4%	€10,404	-9.5%	€11,500
Other  Debtors	0	-	0	-	0	-	0	-	0
Miscellaneous	0	-	0	-	0	-	0	-	0
Current  Assets
Total  Current Assets	€154,619	34.1%	€115,273	18.8%	€97,018	-37.7%	€155,814	-4.2%	€162,609
Trade  Creditors	€43,685	150.5%	€17,440	80.8%	€9,645	-5.4%	€10,195	-8.9%	€11,186
Bank  Loans  & Overdrafts	€52,684	806.5%	€5,812	720.9%	€708	-97.5%	€28,467	-	0
Other  Short  Term Finance	0	-100%	€4,000	33.3%	€3,000	50%	€2,000	-	0
Miscellaneous Current Liabilities	€1,827	-86.5%	€13,582	44.7%	€9,384	37.5%	€6,824	-28.6%	€9,553
Total  Current Liabilities	€98,196	140.5%	€40,834	79.6%	€22,737	-52.1%	€47,486	129%	€20,739
Bank  Loans  & Overdrafts and LTL	€115,834	69.1%	€68,483	1.1%	€67,756	-33.2%	€101,425	33.7%	€75,848
Other  Long  Term Finance	0	-100%	€62,671	-6.5%	€67,048	-8.1%	€72,958	-	0
Total  Long  Term Liabilities	€63,150	0.8%	€62,671	-6.5%	€67,048	-8.1%	€72,958	-3.8%	€75,848

Capital  &  Reserves

Date  Of Accounts	30/04/14	(%)	30/04/13	(%)	30/04/12	(%)	30/04/11	(%)	30/04/10
Called  Up  Share Capital	€127	-	€127	-	€127	-	€127	-	€127
P  &  L  Account Reserve	€8,539	-60.5%	€21,627	40.1%	€15,433	-64.2%	€43,119	-43.3%	€76,060
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	€8,666	-60.2%	€21,754	39.8%	€15,560	-64%	€43,246	-43.2%	€76,187

Other  Financial  Items

Date  Of	30/04/14	(%)	30/04/13	(%)	30/04/12	(%)	30/04/11	(%)	30/04/10
Accounts
Net  Worth	€8,666	-60.2%	€21,754	39.8%	€15,560	-64%	€43,246	-43.2%	€76,187
Working  Capital	€56,423	-24.2%	€74,439	0.2%	€74,281	-31.4%	€108,328	-23.6%	€141,870
Total  Assets	€170,012	35.7%	€125,259	18.9%	€105,345	-35.6%	€163,690	-5.3%	€172,774
Total  Liabilities	€161,346	55.9%	€103,505	15.3%	€89,785	-25.5%	€120,444	24.7%	€96,587
Net  Assets	€8,666	-60.2%	€21,754	39.8%	€15,560	-64%	€43,246	-43.2%	€76,187

Cash  Flow

Date Of	30/04/14(%)			30/04/13(%)		30/04/12(%)		30/04/11(%)		30/04
Accounts
Net Cashflow		-	-	-	-	-	-	-	-	-
from Operations
Net Cashflow		-	-	-	-	-	-	-	-	-
before Financing
Net Cashflow		-	-	-	-	-	-	-	-	-
from Financing
Increase in		-	-	-	-	-	-	-	-	-
Cash

Miscellaneous

Date  Of	30/04/14	(%)	30/04/13	(%)	30/04/12	(%)	30/04/11	(%)	30/04/10
Accounts
Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
Capital Employed	€71,816	-14.9%	€84,425	2.2%	€82,608	-28.9%	€116,204	-23.6%	€152,035
Number  of Employees	-	-	-	-	-	-	-	-	-
Accountants
Auditors	KW ACCOUNTANCY & TAXATION SERVICES LIMITED
Auditor	The  company  is  exempt  from  audit
Comments
Bankers	ALLIED  IRISH  BANKS  PLC
Bank  Branch	93-00-40
Code

Ratios

Date Of	30/04/14	30/04/13	30/04/12	30/04/11	30/04
Accounts
Pre-tax profit	-	-	-	-	-
margin %
Current ratio	1.57	2.82	4.27	3.28	7.8
Sales/Net	-	-	-	-	-
Working Capital
Gearing %	1336.60	314.80	435.40	234.50	99.6
Equity in %	5.10	17.40	14.80	26.40	44.1
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid	0.84	2.32	2.66	1.74	4.0
Test
Return On
Capital	-	-	-	-	-
Employed %
Return On Total
Assets	-	-	-	-	-
Employed %
Current Debt	11.33	1.87	1.46	1.09	0.2
Ratio
Total Debt Ratio18.61		4.75	5.77	2.78	1.2
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
18/07/2015	Annual  Returns
02/08/2014	New  Accounts  Filed
01/08/2014	Annual  Returns
19/08/2013	New  Accounts  Filed
16/08/2013	Annual  Returns
15/10/2012	New  Accounts  Filed
11/10/2012	Annual  Returns
13/09/2011	New  Accounts  Filed
13/09/2011	New  Accounts  Filed
10/09/2011	Annual  Returns
17/08/2010	New  Accounts  Filed
17/08/2010	New  Accounts  Filed
17/08/2010	Annual  Returns
23/07/2009	New  Accounts  Filed
22/07/2009	Annual  Returns

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.09
UK Pound	1	Rs.101.04
Euro	1	Rs.70.86

INFORMATION DETAILS

Analysis Done by :	HEE
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.