3decades

MIRA INFORM REPORT

Report No. :	492619
Report Date :	19.02.2018

IDENTIFICATION DETAILS

Name :	TINNAKEENLY LEATHERS LIMITED

Registered Office :	Skeaghvasteen Co Kilkenny 999932

Country :	Ireland

Financials (as on) :	30.04.2017

Date of Incorporation :	18.04.1990

Com. Reg. No.:	IE157682

Legal Form :	Ltd - Private Company Limited By Shares

Line of Business :	Not Available [We tried to confirm / obtain the detailed activity but the same is not available from any sources]

No. of Employees :	5 (2017)

RATING & COMMENTS

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

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

Status :	Moderate

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

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

TINNAKEENLY LEATHERS LIMITED

SKEAGHVASTEEN CO KILKENNY 999932

Company No.

IE157682

Company Status

Active - Accounts Filed

Company Summary

Registered Address SKEAGHVASTEEN
CO KILKENNY
999932

Trading Address SKEAGHVASTEEN
CO KILKENNY
CO KILKENNY
342418

Website Address -

Eircode -

VAT Number IE6555682F

Telephone Number 0599773173

Fax Number

TPS No

FPS Yes

Incorporation Date 18/04/1990

Previous Name

Type LTD - PRIVATE COMPANY LIMITED BY SHARES

FTSE Index -

Date of Change -

Filing Date of Accounts -

Currency EUR

Share Capital €127

SIC07

Charity Number -

SIC07 Description

Principal Activity

Nace Code -

Nace Description -

Additional Information

CJ's 0 (€0)

No CJ Information To Display

Ultimate Holding Company -

Accountant KW ACCOUNTANCY & TAXATION SERVICES LIMITED

Mortgages 0

Group 0 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

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

30/04/2017 - - €32,093 5

30/04/2016 - - €31,264 6

30/04/2015 - - €16,118 7

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.

Net Worth increased by 2.7% during the latest trading period.

The company saw an increase in their Cash Balance of 8.9% during the latest trading period.

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

Total Current Directors	1	Total Current Secretaries	1
Total Previous Directors / Company Secretaries	3

Current Directors

Title		Function	Director
Name	HUMPHREY MURPHY	Nationality
Date of Birth	12/1971	Present Appointments	1
Latest Address	SKEAGHVASTEEN, COUNTY KILKENNY	Appointment Date	21/08/2002
Eircode

Current Company Secretary

Title		Function	Company Secretary
Name	KW ACCOUNTANCY & TAXATION SERVICES LIMITED	Nationality
Date of Birth	07/2009	Present Appointments	5
Latest Address	COUMBREAC, CURRAHEEN, TRALEE, CO KERRY	Appointment Date	27/07/2017
Eircode

Authorised Person

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
HUMPHREY MURPHY	EUR	100	ORDINARY	1.27	100

Financial

Profit & Loss

	Date Of Accounts	30/04/17	(%)	30/04/16	(%)	30/04/15	(%)	30/04/14	(%)	30/04/13
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	EUR	(%)	EUR	(%)	EUR	(%)	EUR	(%)	EUR
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Turnover	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Cost of Sales	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Gross Profit	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Wages & Salaries	€63,992	-4.4%	€66,933	-3.7%	€69,488	10.9%	€62,676	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Directors Emoluments	€25,947	-10.2%	€28,879	-13.6%	€33,417	1.9%	€32,786	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Operating Profit	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Depreciation	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Audit Fees	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Interest Payments	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Pre Tax Profit	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Taxation	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Profit After Tax	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	30/04/17	(%)	30/04/16	(%)	30/04/15	(%)	30/04/14	(%)	30/04/13
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Tangible Assets	€21,066	-15.1%	€24,821	3.1%	€24,083	56.5%	€15,393	54.1%	€9,986
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Total Fixed Assets	€21,066	-15.1%	€24,821	3.1%	€24,083	56.5%	€15,393	54.1%	€9,986
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Stock	€38,993	-31%	€56,520	32.7%	€42,592	-40.8%	€71,897	251.2%	€20,471
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Trade Debtors	€86,700	1.1%	€85,787	22.6%	€69,951	0.3%	€69,723	-24.5%	€92,341
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Cash	€6,765	8.9%	€6,212	165.1%	€2,343	-82%	€12,999	428.2%	€2,461
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Other Debtors	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Total Current Assets	€132,458	-10.8%	€148,519	29.3%	€114,886	-25.7%	€154,619	34.1%	€115,273
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Trade Creditors	€64,983	92.3%	€33,789	38.6%	€24,386	-44.2%	€43,685	150.5%	€17,440
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Bank Loans & Overdrafts	€19,519	-49.6%	€38,699	91.5%	€20,213	-61.6%	€52,684	806.5%	€5,812
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Other Short Term Finance	0	-100%	€57,842	-5.8%	€61,411	-	0	-100%	€4,000
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Miscellaneous Current Liabilities	€16,950	44.3%	€11,746	-30.3%	€16,841	821.8%	€1,827	-86.5%	€13,582
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Total Current Liabilities	€101,452	-28.6%	€142,076	15.6%	€122,851	25.1%	€98,196	140.5%	€40,834
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	€39,498	2.1%	€38,699	91.5%	€20,213	-82.6%	€115,834	69.1%	€68,483
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-100%	€63,149	0.8%	€62,671
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Total Long Term Liabilities	€19,979	-	0	-	0	-100%	€63,150	0.8%	€62,671

Capital & Reserves

	Date Of Accounts	30/04/17	(%)	30/04/16	(%)	30/04/15	(%)	30/04/14	(%)	30/04/13
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Called Up Share Capital	€127	-	€127	-	€127	-	€127	-	€127
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	P & L Account Reserve	€31,966	2.7%	€31,137	94.7%	€15,991	87.3%	€8,539	-60.5%	€21,627
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Sundry Reserves	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Shareholder Funds	€32,093	2.7%	€31,264	94%	€16,118	86%	€8,666	-60.2%	€21,754

Other Financial Items

	Date Of Accounts	30/04/17	(%)	30/04/16	(%)	30/04/15	(%)	30/04/14	(%)	30/04/13
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Net Worth	€32,093	2.7%	€31,264	94%	€16,118	86%	€8,666	-60.2%	€21,754
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Working Capital	€31,006	381.2%	€6,443	180.9%	-€7,965	-114.1%	€56,423	-24.2%	€74,439
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Total Assets	€153,524	-11.4%	€173,340	24.7%	€138,969	-18.3%	€170,012	35.7%	€125,259
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Total Liabilities	€121,431	-14.5%	€142,076	15.6%	€122,851	-23.9%	€161,346	55.9%	€103,505
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Net Assets	€32,093	2.7%	€31,264	94%	€16,118	86%	€8,666	-60.2%	€21,754

Miscellaneous

	Date Of Accounts	30/04/17	(%)	30/04/16	(%)	30/04/15	(%)	30/04/14	(%)	30/04/13
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Capital Employed	€52,072	66.6%	€31,264	94%	€16,118	-77.6%	€71,816	-14.9%	€84,425
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Number of Employees	5	-16.7%	6	-14.3%	7	75%	4	-	-
	Accountants	KW ACCOUNTANCY & TAXATION SERVICES LIMITED
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers	ALLIED IRISH BANKS PLC
	Bank Branch Code	93-00-40

Ratios

	Date Of Accounts	30/04/17	30/04/16	30/04/15	30/04/14	30/04/13
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Pre-tax profit margin %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Current ratio	1.31	1.05	0.94	1.57	2.82
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Sales/Net Working Capital	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Gearing %	123.10	123.80	125.40	1336.60	314.80
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Equity in %	20.90	18	11.60	5.10	17.40
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Creditor Days	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Debtor Days	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Liquidity/Acid Test	0.92	0.64	0.58	0.84	2.32
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Return On Capital Employed %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Return On Total Assets Employed %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Current Debt Ratio	3.16	4.54	7.62	11.33	1.87
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Total Debt Ratio	3.78	4.54	7.62	18.61	4.75
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\492619_files\barchart-grey.png$	Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
29/07/2017	Annual Returns
29/07/2017	New Accounts Filed
29/07/2017	New Accounts Filed
27/07/2017	RODERICK DREVAR MURPHY has left the board
27/07/2017	HUMPHREY MURPHY has resigned as company secretary
27/07/2017	New Company Secretary (KW ACCOUNTANCY & TAXATION SERVICES LIMITED) appointed
04/08/2016	Annual Returns
03/08/2016	New Accounts Filed
03/08/2016	New Accounts Filed
05/12/2015	New Accounts Filed
05/12/2015	New Accounts Filed
18/07/2015	Annual Returns
02/08/2014	New Accounts Filed
01/08/2014	Annual Returns
19/08/2013	New Accounts Filed

Previous Company Names

No Previous Names found

Received Documents

Writ Details

No writs found

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group Structure Full

No Group Structure

Previous Director/Company Secretaries

Name	Current Active Appointments	Previous Appointments	Dissolved Companies
CAROLINE MURPHY	0	1	0
HUMPHREY MURPHY	1	1	0
RODERICK DREVAR MURPHY	0	1	1

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.91
UK Pound	1	INR 90.31
Euro	1	INR 80.17
EUR	1	INR 80.06

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

INFORMATION DETAILS

Analysis Done by :	NIY

Report Prepared by :	TRU

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.