MIRA INFORM REPORT

Report No. :	504512
Report Date :	20.04.2018

IDENTIFICATION DETAILS

Name :	SONICWALL INTERNATIONAL LIMITED
Registered Office :	City Gate Park, Mahon, Cork, 999937
Country :	Ireland
Date of Incorporation :	24.02.2016
Com. Reg. No.:	IE577778
Legal Form :	Ltd - Private Company Limited By Shares
Line of Business :	Other professional, scientific and technical activities n.e.c.
No. of Employees :	Not available

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

D

Credit Rating	Explanation	Rating Comments
D	High Risk	Business dealing not recommended or on secured terms only

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

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
Ireland	A2	A2

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	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 25% in 2015. In late 2014, the government introduced a fiscally neutral budget, marking the end of the austerity program. Continued growth of tax receipts has allowed the government to lower some taxes and increase public spending while keeping to its deficit-reduction targets. In 2015, GDP growth exceeded 26%. This increase reflected one-off statistical revisions, multinational corporate restructurings, and the aircraft leasing sector, rather than gains in the on the ground economy. Growth moderated to around 4.1% in 2017, but the recovering economy assisted lowering the deficit to 0.6% of GDP.

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% and a talented pool of high-tech laborers have been key factors in encouraging business investment. Loose tax residency requirements made Ireland a common destination for international firms seeking to avoid taxation. In 2014, amid growing international pressure, the government announced it would phase in more stringent tax laws, effectively closing a commonly used loophole.

Source : CIA

Company name and address

Company Name: SONICWALL INTERNATIONAL LIMITED

Company No: IE577778

Company Status: Dormant Company

Status Not Rated

Dormant Company

Registered Address: CITY GATE PARKMAHONCORK999937

Company Name

SONICWALL INTERNATIONAL LIMITED

Company Number

IE577778

Company Summary

Registered Address CITY GATE PARK
MAHON
CORK
999937

Trading Address

Website Address -

Eircode -

VAT Number -

Telephone Number -

Fax Number

TPS -

FPS Yes

Incorporation Date 24/02/2016

Previous Name

Type LTD - PRIVATE COMPANY LIMITED BY SHARES

FTSE Index -

Date of Change -

Filing Date of Accounts -

Currency EUR

Share Capital €1

SIC07

Charity Number -

SIC07 Description

Principal Activity The company has yet to commenced trading during y/e 03.02.17.

Nace Code 7490

Nace Description OTHER PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES N.E.C.

Additional Information

CJ's 0 (€0)

No CJ Information To Display

Ultimate Holding Company -

Accountant -

Mortgages 2

Group 0 companies

Linkages 85 companies

Countries In 15 countries

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder's Funds Employees

03/02/2017 - - - -

- - - - -

- - - - -

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

Back to Top

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Total Current Directors	2	Total Current Secretaries	1
Total Previous Directors / Company Secretaries	5

Current Directors

Title		Function	Director
Name	GRAHAM MCCORMICK	Nationality
Date of Birth	01/1974	Present Appointments	1
Latest Address	11 HOLLYWOOD DRIVE, DUNDRUM, DUBLIN 14	Appointment Date	15/12/2016
Title		Function	Director
Name	MATT NEIDERMAN	Nationality
Date of Birth	04/1971	Present Appointments	1
Latest Address	5539 W PARKWAY WEST DRIVE, HIGHLAND, UT 84003-2853, UTAH	Appointment Date	10/02/2017

Current Company Secretary

Title		Function	Company Secretary
Name	MFD SECRETARIES LIMITED	Nationality
Date of Birth	02/2006	Present Appointments	1128
Latest Address	32 MOLESWORTH STREET, DUBLIN 2.	Appointment Date	31/10/2016

Authorised Person

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
SONICWALL INTERNATIONAL HOLDINGS DESIGNATED ACTIVITY	EUR	1	ORDINARY	1	100
1

Financials

Profit & Loss

	Date Of Accounts	03/02/17	(%)	-	(%)	-	(%)	-	(%)	-
	Weeks	49	(%)	-	(%)	-	(%)	-	(%)	-
	Currency	EUR	(%)	-	(%)	-	(%)	-	(%)	-
	Consolidated A/cs	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	03/02/17	(%)	-	(%)	-	(%)	-	(%)	-
	Tangible Assets	0	-	-	-	-	-	-	-	-
	Intangible Assets	0	-	-	-	-	-	-	-	-
	Total Fixed Assets	0	-	-	-	-	-	-	-	-
	Stock	0	-	-	-	-	-	-	-	-
	Trade Debtors	0	-	-	-	-	-	-	-	-
	Cash	0	-	-	-	-	-	-	-	-
	Other Debtors	0	-	-	-	-	-	-	-	-
	Miscellaneous Current Assets	0	-	-	-	-	-	-	-	-
	Total Current Assets	0	-	-	-	-	-	-	-	-
	Trade Creditors	0	-	-	-	-	-	-	-	-
	Bank Loans & Overdrafts	0	-	-	-	-	-	-	-	-
	Other Short Term Finance	0	-	-	-	-	-	-	-	-
	Miscellaneous Current Liabilities	0	-	-	-	-	-	-	-	-
	Total Current Liabilities	0	-	-	-	-	-	-	-	-
	Bank Loans & Overdrafts and LTL	0	-	-	-	-	-	-	-	-
	Other Long Term Finance	0	-	-	-	-	-	-	-	-
	Total Long Term Liabilities	0	-	-	-	-	-	-	-	-

.

Auditors
Auditor Comments	The company is exempt from audit
Bankers	CITIBANK
Bank Branch Code	99-00-51

Ratios

	Date Of Accounts	03/02/17	-	-	-	-
	Pre-tax profit margin %	-	-	-	-	-
	Current ratio	-	-	-	-	-
	Sales/Net Working Capital	-	-	-	-	-
	Gearing %	0	-	-	-	-
	Equity in %	-	-	-	-	-
	Creditor Days	-	-	-	-	-
	Debtor Days	-	-	-	-	-
	Liquidity/Acid Test	-	-	-	-	-
	Return On Capital Employed %	-	-	-	-	-
	Return On Total Assets Employed %	-	-	-	-	-
	Current Debt Ratio	-	-	-	-	-
	Total Debt Ratio	-	-	-	-	-
	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
16/12/2017	Annual Returns
07/12/2017	New Accounts Filed
10/10/2017	Annual Returns
10/02/2017	PATRICIA FOLEY has left the board
10/02/2017	New Board Member (MATT NEIDERMAN) appointed
15/12/2016	SHANE O'HANLON has left the board
15/12/2016	New Board Member (GRAHAM MCCORMICK) appointed
31/10/2016	SHIRLEY ANN CREED has resigned as company secretary
31/10/2016	SHIRLEY ANN CREED has left the board
31/10/2016	AIDEN PATRICK LYNE has left the board
31/10/2016	New Company Secretary (MFD SECRETARIES LIMITED) appointed
31/10/2016	New Board Member (SHANE O'HANLON) appointed
31/10/2016	New Board Member (PATRICIA FOLEY) appointed
05/09/2016	Annual Returns
24/02/2016	New Company Secretary (SHIRLEY ANN CREED) appointed

Previous Company Names

No Previous Names found

Received Documents

Writ Details

No writs found

Statistics

Group	-
Linkages	85 companies
Countries	In 15 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group Structure

No Group Structure

Statistics

Group	0 companies
Linkages	85 companies
Countries	In 15 countries

Other Linked Companies

Name	Number	Latest Key Financials	Turnover
DELL BANK INTERNATIONAL DESIGNATED ACTIVITY COMPANY	IE502362	31.12.2016	€86,299,000
DELL DIRECT	IE191033	03.02.2017	€129,388,000
DELL PRODUCTS	IE191034	03.02.2017	€9,336,469,436
DELL GLOBAL B.V.	33238739	03.02.2017	€30,188,217,957
DELL SYSTEMS (UK) LIMITED	03268522	03.02.2017
DELL S.P.A.	MI1544069	03.02.2017	€45,244,232
DELL GMBH	HRB 75453	31.01.2016	€158,814,048
DELL AS	861272702	31.01.2017	162,776 KNOK
DELL NV	447550278	03.02.2017	€27,615,859
DELL INTERNATIONAL HOLDINGS SAS	500789235	31.01.2017
DELL S.À R.L.	B114786	31.01.2017
DELL SERVICES GMBH	HRB 52282	31.01.2016
DELL HALLE GMBH	HRB 215298	31.01.2017	€81,373,036
DELL SOLUTIONS (UK) LIMITED	SC125234	30.01.2015	£5,377,000
QUEST SOFTWARE BVBA	882025750	31.01.2016	€1,266,729
SONICWALL B.V.	27186269	31.12.2016
DELL B.V.	33226753	03.02.2017	€228,704,000
QUEST SOFTWARE SARL	393066725	31.01.2017	€13,416,442
DELL TAIWAN B.V.	34187518	03.02.2017	€144,164,496
STATSOFT SCANDINAVIA AB	5565478087	31.12.2017	3,999 KSEK

Mortgage Details

Mortgage Type:	Security Accession Deed.
Date Charge Created:	23/12/16
Date Charge Registered:	23/12/16
Date Charge Satisfied:	05/03/18
Status:	FULLY SATISFIED
Person(s) Entitled:	Credit Suisse AG, Cayman Islands Branch
Amount Secured:
Details:
Mortgage Type:	Security Accession Deed.
Date Charge Created:	23/12/16
Date Charge Registered:	23/12/16
Date Charge Satisfied:	-
Status:	NOT SATISFIED
Person(s) Entitled:	Credit Suisse AG Cayman Islands Branch
Amount Secured:
Details:

Previous Director/Company Secretaries

Name	Current Active Appointments	Previous Appointments	Dissolved Companies
SHIRLEY ANN CREED	0	4	1
SHIRLEY ANN CREED	0	4	1
AIDEN PATRICK LYNE	0	1	0
SHANE O'HANLON	0	1	0
PATRICIA FOLEY	0	1	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 65.78
UK Pound	1	INR 93.42
Euro	1	INR 81.39
GBP	1	INR 92.98

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	NIY
Report Prepared by :	SYL

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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.