\MIRA INFORM REPORT

Report No. :	345794
Report Date :	24.10.2015

IDENTIFICATION DETAILS

Name :	PREMIUM  DESIGN  LIMITED
Registered Office :	The  Store, Rahoon  Cemetery, Rahoon, 264005
Country :	Ireland
Financials (as on) :	28.02.2014
Date of Incorporation :	27.05.1987
Legal Form :	Private  Limited  with  Share  Capital
Line of Business :	Subject is an agents  specialized  in  the  sale  of  other  particular  products
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

PREMIUM  DESIGN  LIMITED

Registered  Address

THE  STORE, RAHOON  CEMETERY, RAHOON, 264005

Company  Summary

Registered  Address	THE  STORE	Trading  Address	THE  STORE
	RAHOON  CEMETERY		RAHOON  CEMETERY
	RAHOON		RAHOON
	264005		GALWAY
			264005
Website  Address	-
Telephone  Number	091526361	Fax  Number
TPS	No	FPS	No
Incorporation  Date	27/05/1987
Previous  Name		Type	Private  limited  with  Share  Capital
		FTSE  Index	-
Date  of  Change	-	Filing  Date  of  Accounts	-
Currency	EUR	Share  Capital	€200
SIC07	46180	Charity  Number	-
SIC07  Description	AGENTS  SPECIALIZED  IN  THE  SALE  OF  OTHER  PARTICULAR  PRODUCTS
Principal  Activity

Key  Financials

Year  to  Date	Turnover	Pre  Tax  Profit	Shareholder	Funds  Employees
28/02/2014	-	-	€102,008	-
28/02/2013	-	-	€95,748	-
28/02/2012	-	-	€90,165	-

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.

There  is  insufficient  data  to  indicate  a  change  in  this  company's  percentage  of  sales. Net  Worth  increased  by  6.2%  during  the  latest  trading  period.

The  company  saw  an  increase  in  their  Cash  Balance  of  9.7%  during  the  latest  trading  period.

The  movement  in  accumulated  earnings  would  indicate  that  the  company  made  a  profit  after  tax  and  other appropriations,  including  dividends.

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	9

Current  Directors

	CHARLES  PATRICK
Name		Date  of  Birth	-
	MCCORMACK
Officers  Title		Nationality
Present  Appointments	1	Function	Director
Appointment  Date	14/11/1988
Address		GELNMALURE,  DUBLIN  ROAD,  PORTLAOISE  CO.  LAOIS.
Name	JAMES  MC  CORMACK	Date  of  Birth	20/04/1950
Officers  Title		Nationality
Present  Appointments	1	Function	Director
Appointment  Date	01/12/2004
Address	CARTROON,  ORANMORE,  CO.GALWAY

Current  Company  Secretary

Name	MC  CORMACK  CHARLES	Date  of  Birth	02/03/1957
Officers  Title		Nationality
Present  Appointments	1	Function	Company  Secretary
Appointment  Date	01/12/2004
Address		CORRIB  HOUSE,  MINCLOON  ROAD,  RAHOON,  CO.GALWAY

Top  20  Shareholders

Name		Currency Share  Count	Share  Type	Nominal  Value	% of  Total  Share  Count
CHARLES  MCCORMACK	EUR	99	ORDINARY	2	99
JAMES  MCCORMACK	EUR	1	ORDINARY	2	1

Profit  &  Loss

Date Of	28/02/14(%)			28/02/13(%)		28/02/12(%)		28/02/11(%)		28/02
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		-	-	-	-	-	-	-	-	-
Emoluments
Operating Profit-			-	-	-	-	-	-	-	-
Depreciation€3,75595%				€1,926-		€1,926-		€1,926-		€1,9
Audit Fees		-	-	-	-	-	-	-	-	-
Interest		-	-	-	-	-	-	-	-	-
Payments
Pre Tax Profit -			-	-	-	-	-	-	-	-
Taxation		-	-	-	-	-	-	-	-	-
Profit After Tax-			-	-	-	-	-	-	-	-
Dividends		-	-	-	-	-	-	-	-	-
Payable
Retained Profit -			-	-	-	-	-	-	-	-

Balance  Sheet

Date  Of Accounts	28/02/14	(%)	28/02/13	(%)	28/02/12	(%)	28/02/11	(%)	28/02/10
Tangible  Assets	€24,235	86.9%	€12,966	-12.9%	€14,892	-11.5%	€16,818	-10.3%	€18,744
Intangible	0	-	0	-	0	-	0	-	0
Assets
Total  Fixed	€24,235	86.9%	€12,966	-12.9%	€14,892	-11.5%	€16,818	-10.3%	€18,744
Assets
Stock	€7,600	-6.7%	€8,150	-13.6%	€9,430	-5.7%	€10,000	-10.7%	€11,200
Trade  Debtors	€15,748	119.5%	€7,175	-44.8%	€12,998	-1.5%	€13,200	-27.1%	€18,100
Cash	€72,866	-8.8%	€79,915	9.7%	€72,865	12.2%	€64,940	2.5%	€63,360
Other  Debtors	0	-	0	-	0	-	0	-	0
Miscellaneous Current  Assets	0	-	0	-100%	€1,421	70.8%	€832	-3.8%	€865
Total  Current Assets	€96,214	1%	€95,240	-1.5%	€96,714	8.7%	€88,972	-4.9%	€93,525
Trade  Creditors	€5,915	-12.1%	€6,733	-34.4%	€10,271	-33.6%	€15,479	67.4%	€9,247
Bank  Loans  & Overdrafts	€651	-	€651	-	€651	-	€651	-	€651
Other  Short  Term Finance	0	-100%	€484	-44.2%	€867	-65.2%	€2,494	-	0
Miscellaneous Current Liabilities	€11,875	158.7%	€4,590	-52.4%	€9,652	-50.5%	€19,510	-16.7%	€23,426
Total  Current Liabilities	€18,441	48%	€12,458	-41.9%	€21,441	-43.8%	€38,134	14.4%	€33,324
Bank  Loans  & Overdrafts  and LTL	€651	-	€651	-	€651	-	€651	-	€651
Other  Long  Term Finance	0	-	0	-	0	-	0	-	0
Total  Long  Term Liabilities	0	-	0	-	0	-	0	-	0

Capital  &  Reserves

Date  Of Accounts	28/02/14	(%)	28/02/13	(%)	28/02/12	(%)	28/02/11	(%)	28/02/10
Called  Up  Share Capital	€200	-	€200	999.9%	€4	-	€4	-	€4
P  &  L  Account Reserve	€101,808	6.6%	€95,548	6%	€90,161	33.3%	€67,652	-14.3%	€78,941
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder	€102,008	6.5%	€95,748	6.2%	€90,165	33.3%	€67,656	-14.3%	€78,945
Funds

Other  Financial  Items

Date  Of	28/02/14	(%)	28/02/13	(%)	28/02/12	(%)	28/02/11	(%)	28/02/10
Accounts
Net  Worth	€102,008	6.5%	€95,748	6.2%	€90,165	33.3%	€67,656	-14.3%	€78,945
Working  Capital	€77,773	-6.1%	€82,782	10%	€75,273	48.1%	€50,838	-15.6%	€60,201
Total  Assets	€120,449	11.3%	€108,206	-3%	€111,606	5.5%	€105,790	-5.8%	€112,269
Total  Liabilities	€18,441	48%	€12,458	-41.9%	€21,441	-43.8%	€38,134	14.4%	€33,324
Net  Assets	€102,008	6.5%	€95,748	6.2%	€90,165	33.3%	€67,656	-14.3%	€78,945

Cash  Flow

Date  Of	28/02/14	(%)	28/02/13	(%)	28/02/12	(%)	28/02/11	(%)	28/02/10
Accounts
Net  Cashflow from  Operations	-	-	-	-	-	-	-	-	-
Net  Cashflow before  Financing	-	-	-	-	-	-	-	-	-
Net  Cashflow from  Financing	-	-	-	-	-	-	-	-	-
Increase  in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date  Of	28/02/14	(%)	28/02/13	(%)	28/02/12	(%)	28/02/11	(%)	28/02/10
Accounts
Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
Capital Employed	€102,008	6.5%	€95,748	6.2%	€90,165	33.3%	€67,656	-14.3%	€78,945
Number  of Employees		-	-	-	-	-	-	-	-
Accountants	JOHN  POWER  &  CO
Auditors
Auditor
	The  company  is  exempt  from  audit
Comments
Bankers	BANK  OF  IRELAND
Bank  Branch	90-37-95
Code

Ratios

Date Of	28/02/14		28/02/13	28/02/12	28/02/11	28/02
Accounts
Pre-tax profit		-	-	-	-	-
margin %
Current ratio		5.22	7.64	4.51	2.33	2.8
Sales/Net		-	-	-	-	-
Working Capital
Gearing %		0.60	0.70	0.70	1	0.8
Equity in %		84.70	88.50	80.80	64	70.3
Creditor Days		-	-	-	-	-
Debtor Days		-	-	-	-	-
Liquidity/Acid		4.80	6.99	4.07	2.07	2.4
Test
Return On
Capital		-	-	-	-	-
Employed %
Return On Total
Assets		-	-	-	-	-
Employed %
Current Debt		0.18	0.13	0.23	0.56	0.4
Ratio
Total Debt Ratio 0.18			0.13	0.23	0.56	0.4
Stock Turnover		-	-	-	-	-
Ratio %
Return on Net
Assets		-	-	-	-	-
Employed %

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

BUSINESS  OWNER  LINKS

Business  Name		Business  No	Business  Status.
	PREMIUM  DESIGN  LIMITED	IE122363
	CORRIB  MEMORIALS	105689	NORMAL
	CORRIB  MEMORIALS	102947	NORMAL
	SLIEVE  BLOOM  CRAFTS	96202	NORMAL

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.64.88
UK Pound	1	Rs.99.89
Euro	1	Rs.72.06

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.