MIRA INFORM REPORT

Report No. :	507009
Report Date :	30.04.2018

IDENTIFICATION DETAILS

Name :	OPTIONTOWN IRELAND LIMITED

Registered Office :	Mespil House Sussex Road Dublin 4 662883

Country :	Ireland

Financials (as on) :	31.12.2015

Date of Incorporation :	24.02.2014

Com. Reg. No.:	IE540022

Legal Form :	LTD - Private Company Limited by Shares

Line of Business :	Other information technology service activities

No. of Employees :	1

RATING & COMMENTS

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

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
C	Medium High Risk	Business dealings permissible preferably on secured basis

Status :	Moderate

Payment Behaviour :	Slow but Delayed

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

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Ireland

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 : OPTIONTOWN IRELAND LIMITED

Company No : IE540022

Company Status : Financial Statements too old

Registered Address : MESPIL HOUSESUSSEX ROADDUBLIN 4662883

Company Summary

Registered Address MESPIL HOUSE
SUSSEX ROAD
DUBLIN 4
662883

Trading Address

Website Address -

Eircode D04T4A6

VAT Number -

Telephone Number -

Fax Number

TPS -

FPS Yes

Incorporation Date 24/02/2014

Previous Name

Type LTD - PRIVATE COMPANY LIMITED BY SHARES

FTSE Index -

Date of Change -

Filing Date of Accounts -

Currency GBP

Share Capital €100

SIC07 62090

Charity Number -

SIC07 Description OTHER INFORMATION TECHNOLOGY SERVICE ACTIVITIES

Principal Activity

Nace Code -

Nace Description -

Additional Information

CJ's 0 (€0)

No CJ Information To Display

Ultimate Holding Company OPTIONTOWN INTERNATIONAL LIMITED

Accountant -

Mortgages 0

Group 2 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

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

31/12/2015 - - -€276,975 1

31/12/2014 - - -€223,675 -

- - - - -

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 comments to display

CJ

Total Number of Exact CJs -	Total Value of Exact CJs -	€0
Total Number of Possible CJs -	Total Value of Possible CJs -	€0
Total Number of Satisfied CJs -	Total Value of Satisfied CJs -	€0

Current Directors

Title		Function	Director
Name	SACHIN GOEL	Nationality
Date of Birth	02/1977	Present Appointments	2
Latest Address	8 OLYMPIC COURT EAST WALPOLE, MA, 02032, UNITED STATES	Appointment Date	24/02/2014
Eircode
Title		Function	Director
Name	ANUJ GOEL	Nationality
Date of Birth	09/1983	Present Appointments	2
Latest Address	8 OLYMPIC COURT EAST WALPOLE, MA, 02032, UNITED STATES	Appointment Date	24/02/2014
Eircode

Current Company Secretary

Title		Function	Company Secretary
Name	SACHIN GOEL	Nationality
Date of Birth	-	Present Appointments	1
Latest Address	8 OLYMPIC COURT, EAST WALPOLE, MA 02032, UNITED STATES	Appointment Date	21/09/2015
Eircode

Authorised Person

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
OPTIONTOWN INTERNATIONAL LIMITED	GBP	100	ORDINARY	1	100

Financial

Profit & Loss

Date Of Accounts	31/12/15	(%)	31/12/14	(%)	-	(%)	-	(%)	-
Weeks	52	(%)	52	(%)	-	(%)	-	(%)	-
Currency	EUR	(%)	EUR	(%)	-	(%)	-	(%)	-
Consolidated A/cs	N	(%)	N	(%)	-	(%)	-	(%)	-
Turnover	-	-	-	-	-	-	-	-	-
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-
Wages & Salaries	€1,500	-	-	-	-	-	-	-	-
Directors Emoluments	€1,383	-	-	-	-	-	-	-	-
Operating Profit	-	-	-	-	-	-	-	-	-
Depreciation	-	-	-	-	-	-	-	-	-
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	-	-	-
Taxation	-	-	-	-	-	-	-	-	-
Profit After Tax	-	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

Date Of Accounts	31/12/15	(%)	31/12/14	(%)	-	(%)	-	(%)	-
Tangible Assets	0	-	0	-	-	-	-	-	-
Intangible Assets	0	-	0	-	-	-	-	-	-
Total Fixed Assets	0	-	0	-	-	-	-	-	-
Stock	0	-	0	-	-	-	-	-	-
Trade Debtors	€4,921,798	-10.7%	€5,514,150	-	-	-	-	-	-
Cash	€674,947	192.7%	€230,587	-	-	-	-	-	-
Other Debtors	0	-	0	-	-	-	-	-	-
Miscellaneous Current Assets	0	-	0	-	-	-	-	-	-
Total Current Assets	€5,596,745	-2.6%	€5,744,737	-	-	-	-	-	-
Trade Creditors	€5,873,720	-1.6%	€5,968,412	-	-	-	-	-	-
Bank Loans & Overdrafts	0	-	0	-	-	-	-	-	-
Other Short Term Finance	0	-	0	-	-	-	-	-	-
Miscellaneous Current Liabilities	0	-	0	-	-	-	-	-	-
Total Current Liabilities	€5,873,720	-1.6%	€5,968,412	-	-	-	-	-	-
Bank Loans & Overdrafts and LTL	0	-	0	-	-	-	-	-	-
Other Long Term Finance	0	-	0	-	0	-	-	-	-
Total Long Term Liabilities	0	-	0	-	-	-	-	-	-

Capital & Reserves

Date Of Accounts	31/12/15	(%)	31/12/14	(%)	-	(%)	-	(%)	-
Called Up Share Capital	€100	-	€100	-	-	-	-	-	-
P & L Account Reserve	-€277,075	-23.8%	-€223,775	-	-	-	-	-	-
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	-€276,975	-23.8%	-€223,675	-	-	-	-	-	-

Other Financial Items

Date Of Accounts	31/12/15	(%)	31/12/14	(%)	-	(%)	-	(%)	-
Net Worth	-€276,975	-23.8%	-€223,675	-	-	-	-	-	-
Working Capital	-€276,975	-23.8%	-€223,675	-	-	-	-	-	-
Total Assets	€5,596,745	-2.6%	€5,744,737	-	-	-	-	-	-
Total Liabilities	€5,873,720	-1.6%	€5,968,412	-	-	-	-	-	-
Net Assets	-€276,975	-23.8%	-€223,675	-	-	-	-	-	-

Cash Flow

Date Of Accounts	31/12/15	(%)	31/12/14	(%)	-	(%)	-	(%)	-
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	31/12/15	(%)	31/12/14	(%)	-	(%)	-	(%)	-
Contingent Liability	NO	-	NO	-	-	-	-	-	-
Capital Employed	-€276,975	-23.8%	-€223,675	-	-	-	-	-	-
Number of Employees	1	-	-	-	-	-	-	-	-
Accountants
Auditors	O'MAHONY DONNELLY
Auditor Comments	The audit report contains no adverse comments
Bankers
Bank Branch Code

Ratios

Date Of Accounts	31/12/15	31/12/14	-	-	-
Pre-tax profit margin %	-	-	-	-	-
Current ratio	0.95	0.96	-	-	-
Sales/Net Working Capital	-	-	-	-	-
Gearing %	0	0	-	-	-
Equity in %	-4.90	-3.90	-	-	-
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	0.95	0.96	-	-	-
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	-21.20	-26.68	-	-	-
Total Debt Ratio	-21.20	-26.68	-	-	-
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
13/03/2018	PAUL STIRRAT has left the board
03/02/2017	Annual Returns
03/02/2017	New Accounts Filed
03/02/2017	New Accounts Filed
22/12/2015	New Accounts Filed
21/12/2015	Annual Returns
06/10/2015	Annual Returns
21/09/2015	INTERTRUST MANAGEMENT IRELAND LIMITED has resigned as company secretary
21/09/2015	New Company Secretary (SACHIN GOEL) appointed
23/10/2014	Annual Returns
15/09/2014	BRADWELL LIMITED has resigned as company secretary
15/09/2014	New Company Secretary (INTERTRUST MANAGEMENT IRELAND LIMITED) appointed
26/02/2014	JUAN FRANCISCO MAGAZ PÉREZ has left the board
26/02/2014	New Board Member (PAUL STIRRAT) appointed
24/02/2014	New Company Secretary (BRADWELL LIMITED) appointed

Previous Company Names

No Previous Names found

Received Documents

Writ Details

No writs found

Statistics

Group	2 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	OPTIONTOWN INTERNATIONAL LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	OPTIONTOWN INTERNATIONAL LIMITED

Group StructureFull

Company Name	Registered Number	Latest Key Financials	Consol. Accounts
OPTIONTOWN INTERNATIONAL...	IE540041	31.12.2015	N
OPTIONTOWN IRELAND LIM...	IE540022	31.12.2015	N

Previous Director/Company Secretaries

Name	Current Active Appointments	Previous Appointments	Dissolved Companies
BRADWELL LIMITED	472	481	486
JUAN FRANCISCO MAGAZ PÉREZ	0	2	0
INTERTRUST MANAGEMENT IRELAND LIMITED	347	65	86
PAUL STIRRAT	15	8	17
Average Invoice Value			n/a
Invoices available			n/a
Paid			n/a
Outstanding			n/a

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 66.78
UK Pound	1	INR 92.89
Euro	1	INR 80.74
Euro	1	INR 80.55

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

INFORMATION DETAILS

Analysis Done by :	VAR

Report Prepared by :	DNS

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.