|
Report No. : |
345434 |
|
Report Date : |
23.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
HEATONS |
|
|
|
|
Registered Office : |
Heatonhouse Ida Business Park
Whitestown 662811 |
|
|
|
|
Country : |
Ireland |
|
|
|
|
Financials (as on) : |
30.04.2013 |
|
|
|
|
Date of Incorporation : |
17.08.1945 |
|
|
|
|
Com. Reg. No.: |
IE011229 |
|
|
|
|
Legal Form : |
Private unlimited with Share Capital |
|
|
|
|
Line of Business : |
Wholesale of Textiles |
|
|
|
|
No. of Employees : |
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 – 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 Number IE011229
Company Name HEATONS
Registered Address HEATONHOUSE
IDA BUSINESS PARK
WHITESTOWN
662811
Website Address -
Telephone Number
TPS No
Incorporation Date 17/08/1945
SIC07 46410
SIC07 Description WHOLESALE OF TEXTILES
Principal
Activity Heatons is
one of Ireland's largest independent groups of department stores, and
specialises in fashions for all ages, footwear, home textiles and homewares.
There are 30 branches throughout Ireland, North and South, with the most recent
additions located in Bandon, Co. Cork and Coleraine, Northern Ireland.
Approximately 50% of the properties are freehold and range in area from 5,500
sq. ft., t
|
Type |
Private unlimited with Share Capital |
|
FTSE Index |
- |
|
Share Capital |
€220,106 |
|
Currency |
EUR |
|
Filing Date of Accounts |
- |
|
Charity Number |
- |
|
Fax Number |
|
|
FPS |
No |
|
CJ's |
0 (€0) |
|
Mortgages |
39 |
|
Accountant |
- |
|
Ultimate Holding Company |
BELLATRIX ASSOCIATES LTD |
|
Group |
4 companies |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
|
Year to date |
|
30/04/2013 |
|
|
Turnover |
|
- |
|
|
Pre Tax Profit |
|
- |
|
|
Shareholder funds |
|
- |
|
|
Employees |
|
- |
|
|
Year to date |
31/12/2002 |
|
31/12/2001 |
|
Turnover |
€72,483,000 |
|
€62,313,000 |
|
Pre Tax Profit |
€2,352,000 |
|
€1,794,000 |
|
Shareholder funds |
€24,733,000 |
|
€21,962,000 |
|
Employees |
- |
|
- |
No comments to display
|
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 |
4 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company |
|
|
|
7 |
|
Secretaries |
|
|
Name |
JOHN O'NEILL |
Date
of Birth |
07/06/1956 |
|
Officers
Title |
|
Nationality |
|
|
Present
Appointments |
14 |
Function |
Director |
|
Appointment
Date |
01/10/1986 |
|
|
|
Address |
16 BURNABY WOODS, GREYSTONES, CO.
WICKLOW. |
|
|
|
Name |
HUGH HEATON |
Date
of Birth |
02/10/1968 |
|
Officers
Title |
|
Nationality |
|
|
Present
Appointments |
3 |
Function |
Director |
|
Appointment
Date |
15/12/1995 |
|
|
|
Address |
NEWCOURT, ATHLONE, WESTMEATH. |
|
|
|
Name |
MIKE ASHLEY |
Date
of Birth |
09/12/1964 |
|
Officers
Title |
|
Nationality |
|
|
Present
Appointments |
3 |
Function |
Director |
|
Appointment
Date |
15/05/2002 |
|
|
|
Address |
6 THE WINDSOR, CHARTER CLOSE,
GLAPWELL DERBYSHIRE, S44 5LU |
|
|
|
Name |
MARK ORMSBY HEATON |
Date
of Birth |
12/12/1959 |
|
Officers
Title |
|
Nationality |
|
|
Present
Appointments |
8 |
Function |
Director |
|
Appointment
Date |
11/06/1984 |
|
|
|
Address |
86 RATHGAR ROAD, RATHGAR, DUBLIN 6. |
|
|
|
Name |
BRENDAN DELANEY |
Date
of Birth |
13/07/1950 |
|
Officers
Title |
|
Nationality |
|
|
Present
Appointments |
292 |
Function |
Company Secretary |
|
Appointment
Date |
01/11/2002 |
|
|
|
Address |
AVONLEA, DEMESNE, LUCAN, CO DUBLIN |
|
|
|
Name |
Currency |
Share
Count |
Share
Type |
Nominal
Value |
|
BELLATRIX ASSOCIATES LTD |
EUR |
183,412 |
ORDINARY |
1.2 |
|
BELLATRIX |
EUR |
1 |
ORDINARY |
1.2 |
Unable to report percentage holdings
as filed Shareholder listing is not full.
|
Date of |
30/04/13 |
(%) |
31/12/02 |
(%) |
31/12/01 |
(%) - |
|
(%) - |
|
|
Accounts |
|
|
|
|
|
|
|
|
|
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) - |
|
(%) - |
|
|
Currency |
EUR |
(%) |
EUR |
(%) |
EUR |
(%) - |
|
(%) - |
|
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
|
Y |
(%) |
Y |
(%) |
Y |
(%) - |
|
(%) - |
|
|
A/cs |
|
|
|
|
|
|
|
|
|
|
Turnover |
- |
- |
€72,483,000 |
16.3% |
€62,313,000 |
- |
- |
- |
- |
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cost of Sales |
- |
-100% |
€45,309,000 |
14.9% |
€39,433,000 |
- |
- |
- |
- |
|
Gross Profit |
- |
- |
€27,174,000 |
17.3% |
€23,158,000 |
- |
- |
- |
- |
|
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Salaries |
|
|
|
|
|
|
|
|
|
|
Directors |
|
|
|
|
|
|
|
|
|
|
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Emoluments |
|
|
|
|
|
|
|
|
|
|
Operating Profit |
- |
- |
€4,441,000 |
33.9% |
€3,316,000 |
- |
- |
- |
- |
|
Depreciation |
- |
- |
- |
-100% |
€2,152,000 |
- |
- |
- |
- |
|
Audit Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Interest |
|
|
|
|
|
|
|
|
|
|
|
- |
- |
€2,039,000 |
33.9% |
€1,523,000 |
- |
- |
- |
- |
|
Payments |
|
|
|
|
|
|
|
|
|
|
Pre Tax Profit |
- |
- |
€2,352,000 |
31.1% |
€1,794,000 |
- |
- |
- |
- |
|
Taxation |
- |
- |
€67,000 |
198.5% |
-€68,000 |
- |
- |
- |
- |
|
Profit After Tax |
- |
- |
€2,419,000 |
40.2% |
€1,726,000 |
- |
- |
- |
- |
|
Dividends Payable |
- |
- |
€548,000
|
- |
- |
- |
- |
- |
- |
|
Retained Profit |
- |
- |
€1,871,000 |
8.5% |
€1,725,000 |
- |
- |
- |
- |
|
Date of |
30/04/13 |
(%) |
31/12/02 |
(%) |
31/12/01 |
(%) - |
|
(%) - |
- |
|
Accounts |
|
|
|
|
|
|
|
|
|
|
|
0 |
- |
0 |
- |
0 |
- |
- |
- |
- |
|
Assets |
|
|
|
|
|
|
|
|
|
|
Total Fixed |
|
|
|
|
|
|
|
|
|
|
|
0 |
-100% |
€43,933,000 |
12.2% |
€39,153,000 |
- |
- |
- |
- |
|
Assets |
|
|
|
|
|
|
|
|
|
|
Stock |
0 |
-100% |
€11,311,000 |
26.1% |
€8,973,000 |
- |
- |
- |
- |
|
Trade Debtors |
0 |
-100% |
€1,712,000 |
34.2% |
€1,276,000 |
- |
- |
- |
- |
|
Cash |
0 |
-100% |
€2,762,000 |
-4.6% |
€2,895,000 |
- |
- |
- |
- |
|
Other Debtors |
0 |
-100% |
€47,000 |
-64.9% |
€134,000 |
- |
- |
- |
- |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
- |
- |
- |
|
Total Current Assets |
0 |
-100% |
€15,832,000 |
19.2% |
€13,277,000 |
- |
- |
- |
- |
|
Trade Creditors |
0 |
-100% |
€6,718,000 |
-20.1% |
€8,408,000 |
- |
- |
- |
- |
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
- |
- |
- |
|
Other Short Term
Finance |
0 |
-100% |
€3,779,000 |
20.5% |
€3,137,000 |
- |
- |
- |
- |
|
Miscellaneous Current Liabilities |
0 |
-100% |
€8,174,000 |
62.2% |
€5,039,000 |
- |
- |
- |
- |
|
Total Current Liabilities |
0 |
-100% |
€18,671,000 |
12.6% |
€16,584,000 |
- - |
- |
- |
0 |
|
Bank Loans & Overdrafts and LTL |
0 |
-100% |
€16,359,000 |
17.8% |
€13,884,000 |
- - |
- |
- |
0 |
|
Other Long Term
Finance |
0 |
-100% |
€16,359,000 |
17.8% |
€13,884,000 |
- - |
- |
- |
0 |
|
Total Long Term Liabilities |
0 |
-100% |
€16,359,000 |
17.8% |
€13,884,000 |
- - |
- |
- |
0 |
|
Date of |
30/04/13 |
(%) |
31/12/02 |
(%) |
31/12/01 |
(%)
- |
|
(%)
- |
- |
|
Accounts |
- |
|
|
|
|
- |
|
- |
|
|
Called Up Share Capital |
- |
-100% |
€212,000 |
-0.9%
€ |
€214,000 |
- |
- |
- |
- |
|
P & L Account Reserve |
- |
-100% |
€11,259,000 |
19.9% |
€9,390,000 |
- |
- |
- |
- |
|
Revaluation Reserve |
- |
-100% |
€12,852,000 |
7.5% |
€11,950,000 |
- |
- |
- |
- |
|
Sundry Reserves |
- |
-100% |
€410,000 |
0.5% |
€408,000 |
- |
- |
- |
- |
|
Shareholder Funds |
- |
-100% |
€24,733,000 |
12.6% |
€21,962,000 |
- |
- |
- |
- |
|
Date of |
30/04/13 |
(%) |
31/12/02 |
(%) |
31/12/01 |
(%)
- |
|
(%)
- |
- |
|
Accounts |
|
|
|
|
|
- |
|
- |
|
|
Net Worth |
- |
-100% |
€24,733,000 |
12.6% |
€21,962,000 |
- |
- |
- |
- |
|
Working Capital |
- |
-100% |
-€2,839,000 |
14.2% |
-€3,307,000 |
- |
- |
- |
- |
|
Total Assets |
- |
-100% |
€59,765,000 |
14% |
€52,430,000 |
- |
- |
- |
- |
|
Total Liabilities |
- |
-100% |
€35,030,000 |
15% |
€30,468,000 |
- |
- |
- |
- |
|
Net Assets |
- |
-100% |
€24,735,000 |
12.6% |
€21,962,000 |
- |
- |
- |
- |
|
Date of |
30/04/13 |
(%) |
31/12/02 |
(%) |
31/12/01 |
(%)
- |
|
(%)
- |
- |
|
Accounts |
|
|
|
|
|
- |
|
- |
|
|
Net Cashflow from Operations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow before Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Increase in Cash |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Date of Account |
30/04/13 |
(%) |
31/12/02 |
(%) |
31/12/01 |
(%)
- |
|
(%)
- |
- |
|
Contingent Liability |
No |
- |
|
- |
|
- |
- |
- |
|
|
Capital Employed |
- |
-100% |
€24,734,000 |
12.6% |
€21,962,000 |
- |
- |
- |
- |
|
Number of Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Accountants |
|
|
|
|
|
|
|
|
|
|
Auditors |
COONEY CAREY ACCOUNTING LIMITED |
|
|
|
|
|
|||
|
Auditor Comments |
The audit report contains no adverse comments |
|
|
|
|
|
|||
|
Bankers |
|
|
|
|
|
|
|
|
|
|
Bank Branch Code |
|
|
|
|
|
|
|
|
|
|
Date of |
30/04/13 |
31/12/02 |
31/12/01 |
- |
- |
|
Accounts |
|
|
|
|
|
|
Pre-tax profit margin % |
- |
3.24 |
2.88 |
- |
- |
|
Current ratio |
- |
0.85 |
0.80 |
- |
- |
|
Sales/Net Working Capital |
- |
- |
- |
- |
- |
|
Gearing % |
- |
66.10
|
63.20 |
- |
- |
|
Equity in % |
- |
41.40 |
41.90 |
- |
- |
|
Creditor Days |
- |
33.83 |
49.25 |
- |
- |
|
Debtor Days |
- |
8.62 |
7.47 |
- |
- |
|
Liquidity/Acid Test |
- |
0.24 |
0.26 |
- |
- |
|
Return On Capital Employed % |
- |
9.51 |
8.17 |
- |
- |
|
Return On Total Assets Employed % |
- |
3.94 |
3.42 |
- |
- |
|
Current Debt Ratio |
- |
0.75
|
0.76 |
- |
- |
|
Total Debt Ratio |
- |
1.42 |
1.39 |
- |
- |
|
Stock Turnover Ratio % |
- |
15.61 |
14.40
|
- |
- |
|
Return on Net Assets Employed % |
- |
9.51 |
8.17
|
- |
- |
There are no notes to display.
No Status History found
|
Date |
Description |
|
10/09/2015 |
Annual Returns |
|
03/11/2014 |
Annual Returns |
|
07/03/2014 |
Annual Returns |
|
04/10/2013 |
New Accounts Filed |
|
01/10/2013 |
Annual Returns |
|
13/10/2012 |
Annual Returns |
|
08/10/2011 |
Annual Returns |
|
15/09/2010 |
Annual Returns |
|
26/10/2009 |
Annual Returns |
|
13/07/2009 |
Annual Returns |
|
19/03/2009 |
HUBERT ORMSBY HEATON has left
the board |
|
21/12/2008 |
Annual Returns |
|
14/11/2008 |
VAL GANNON has left the board |
|
29/11/2007 |
Annual Returns |
|
01/11/2002 |
JOHN JAMES O'NEILL has resigned
as company secretary |
No Previous Names found
Received
Documents
No writs found
|
Group |
4 companies |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
|
Holding Company |
- |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
BELLATRIX ASSOCIATES LTD |
|
Company
Name |
Registered
Number |
Latest
Key Financials |
Consol. Accounts |
Turnover |
|
BELLATRIX ASSOCIATES LTD |
N/A |
- |
- |
|
|
HEATONS |
IE011229 |
31.12.2002 |
Y |
€72,483,000 |
|
HEATONS (N.I.) LIMITED |
NI035599 |
30.04.2015 |
N |
£49,642,578 |
|
HSPORTS LIMITED |
NI628585 |
- |
N |
|
|
Business Name |
Business No |
Business Status. |
|
HEATONS |
IE011229 |
|
|
PARTY
MOR |
551177 |
NORMAL |
|
BHS |
143058 |
NORMAL |
|
HEATONS |
222432 |
NORMAL |
|
HEATONS |
222431 |
NORMAL |
|
HEATONS |
212225 |
NORMAL |
|
HEATONS |
212224 |
NORMAL |
|
HEATONS |
212223 |
NORMAL |
|
HEATONS |
212222 |
NORMAL |
|
HEATONS |
212221 |
NORMAL |
|
HEATONS |
212220 |
NORMAL |
|
HEATONS |
192276 |
NORMAL |
|
HEATON'S
STORES |
53300 |
NORMAL |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.15 |
|
UK Pound |
1 |
Rs.100.54 |
|
Euro |
1 |
Rs.73.97 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
TRU |
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.