MIRA INFORM REPORT

 

 

Report No. :

351392

Report Date :

24.11.2015

 

IDENTIFICATION DETAILS

 

Name :

BIMEDA  CHEMICALS  EXPORT  LIMITED

 

 

Formerly Known As :

EDGELY  COMPANY  LIMITED

 

 

Registered Office :

First  Floor, The  Herbert  Building, The  Park, 216410

 

 

Country :

Ireland

 

 

Date of Incorporation :

30.08.1978

 

 

Legal Form :

Private  limited  with  Share  Capital

 

 

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 :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Dormant company

 

 

Payment Behaviour :

--

 

 

Litigation :

--

 

 

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

 


 

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

 

Company  Name

 

BIMEDA  CHEMICALS  EXPORT  LIMITED

 

 

Registered  Address

 

FIRST  FLOOR, THE  HERBERT  BUILDING, THE  PARK, 216410

 

 

Company  Summary

 

Registered  Address

FIRST  FLOOR

Trading  Address

1 BROOMHILL  ROADSTOKES

 

THE  HERBERT  BUILDING

 

PLACE

 

THE  PARK

 

TALLAGHT

 

216410

 

DUBLIN  24

 

 

 

DUBLIN  24

 

 

 

216410

Website  Address

-

 

 

Telephone  Number

 

Fax  Number

 

TPS

No

FPS

No

Incorporation  Date

30/08/1978

 

 

Previous  Name

EDGELY  COMPANY  LIMITED

Type

Private  limited  with  Share  Capital

 

 

FTSE  Index

-

Date  of  Change

-

Filing  Date  of  Accounts

-

Currency

EUR

Share  Capital

€11,428

SIC07  Description

 

Charity  Number

-

Principal  Activity

The  company  did  not  trade  during  y/e  31.12.14.

 

 

Key  Financials

 

Year  to  Date               Turnover          Pre  Tax  Profit             Shareholder     Funds  Employees

31/12/2014                    -                       -                                   -                       -

31/12/2013                    -                       -                                   -                       -

31/12/2012                    -                       -                                   -                       -

 

 

Mortgage  Summary

 

Total  Mortgage

2

Outstanding

1

Satisfied

1

 

 

Trade  Debtors  /  Bad  Debt  Summary

 

Total  Number  of  Documented  Trade

0

Total  Value  of  Documented  Trade

€0

 

 

Commentary

 

No  comments  to  display

 

 

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

4

 

 

Current  Directors

 

Name

GARY  DOYLE

Date  of  Birth

08/06/1966

Officers  Title

 

Nationality

 

Present  Appointments

20

Function

Director

Appointment  Date

20/10/2010

 

 

Address

 

24 ST.  NICHOLAS  VILLAGE,  BETTYSTOWN,  CO.  MEATH

 

Name

PAUL  BRADY

Date  of  Birth

27/02/1967

Officers  Title

 

Nationality

 

Present  Appointments

57

Function

Director

Appointment  Date

20/10/2010

 

 

Address

 

17 STEPHENSTOWN  COURT,  TWO  MILE  HOUSE,  NAAS,  CO  KILDARE

 

 

 

Current  Company  Secretary

 

Name

PAUL  BRADY

Date  of  Birth

27/02/1967

Officers  Title

 

Nationality

 

Present  Appointments

57

Function

Company  Secretary

Appointment  Date

16/06/2003

 

 

Address

 

17 STEPHENSTOWN  COURT,  TWO  MILE  HOUSE,  NAAS,  CO  KILDARE

 

 

 

Top  20  Shareholders

 

Name

 

Currency     Share  Count

Share  Type

Nominal  Value

CROSS  VETPHARM  GROUP  LTD

EUR

4,999

ORDINARY

1.27

CROSS  VETPHARM  GROUP  LTD

EUR

2,000

ORDINARY  DEFERRED  A

1.27

CROSS  VETPHARM  GROUP  LTD

EUR

2,000

ORDINARY  DEFERRED  B

1.27

DANIEL  TIERNEY

EUR

1

ORDINARY

1.27

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

 

 

Event  History

 

Date

Description

28/10/2015

New  Accounts  Filed

27/10/2015

Annual  Returns

22/10/2014

New  Accounts  Filed

22/10/2013

New  Accounts  Filed

21/10/2013

Annual  Returns

15/04/2013

New  Accounts  Filed

13/04/2013

Annual  Returns

17/12/2012

JONATHAN  JAMES  TIERNEY  has  left  the  board

17/12/2012

DANIEL  PETER  NICHOLAS  TIERNEY  has  left  the  board

17/12/2012

RANDALL  AUGUSTINE  TIERNEY  has  left  the  board

26/10/2011

Annual  Returns

26/10/2011

New  Accounts  Filed

26/10/2010

New  Accounts  Filed

25/10/2010

Annual  Returns

20/10/2010

New  Board  Member  (PAUL  BRADY)  appointed

 

 

Previous  Company  Names

 

Date

Previous  Name

N/A

EDGELY  COMPANY  LIMITED

 

 

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.66.35

UK Pound

1

Rs.100.66

Euro

1

Rs.70.47

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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.