MIRA INFORM REPORT

Report No. :	484594
Report Date :	06.01.2018

IDENTIFICATION DETAILS

Name :	GENFITT (MAYO) LIMITED
Registered Office :	Knock Road, Kiltimagh, Co Mayo, 999412
Country :	Ireland
Date of Incorporation :	14.12.2000
Com. Reg. No.:	IE336567
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 :	Not available

RATING & COMMENTS

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

MIRA’s Rating :

C

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

Status :	Undetermined
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 (30.06.2017)	Current Rating (30.09.2017)
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 5.2%. The recovering economy assisted lowering the deficit to 2.5% of GDP. 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%, the highest growth in the EU for two consecutive years. This dramatic 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 4.2% in 2016.

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: GENFITT (MAYO) LIMITED

Company No: IE336567

Company Status: Section 357 (Southern Ireland)

Registered Address: KNOCK ROADKILTIMAGHCO MAYO999412

Company Name

GENFITT (MAYO) LIMITED

Company Number

IE336567

Company Summary

Registered Address KNOCK ROAD
KILTIMAGH
CO MAYO
999412

Trading Address GREYFIELD
KILTIMAGH
CO MAYO
CO MAYO
999412

Website Address -

Eircode -

VAT Number IE6356567T

Telephone Number 0949381377

Fax Number

TPS No

FPS Yes

Incorporation Date 14/12/2000

Previous Name

Type LTD - PRIVATE COMPANY LIMITED BY SHARES

FTSE Index -

Date of Change -

Filing Date of Accounts -

Currency EUR

Share Capital €3

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 ROLL UP LIMITED

Accountant -

Mortgages 3

Group 13 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

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

31/12/2016 - - - -

31/12/2015 - - - -

31/12/2014 - - - -

Mortgage Summary

Total Mortgage 3

Outstanding 3

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 -	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

Show More

Total Current Directors	4	Total Current Secretaries	1
Total Previous Directors / Company Secretaries	6

Current Directors

Title		Function	Director
Name	PAUL DUGGAN	Nationality
Date of Birth	02/1959	Present Appointments	13
Latest Address	73 HIGHFIELD ROAD, RATHGAR, DUBLIN 6	Appointment Date	30/11/2005
Title		Function	Director
Name	PAUL LARCHET	Nationality
Date of Birth	11/1955	Present Appointments	27
Latest Address	12 ST MARYS ROAD, BALLSBRIDGE, DUBLIN 4	Appointment Date	30/11/2005

Title		Function	Director
Name	RONAN EGAN	Nationality
Date of Birth	01/1969	Present Appointments	2
Latest Address	"FAIRHILL", BELCARRA, CASTLEBAR, CO. MAYO	Appointment Date	20/03/2006
Title		Function	Director
Name	RAY MC LOUGHLIN	Nationality
Date of Birth	03/1974	Present Appointments	1
Latest Address	MAYNEEN, WESTPORT, CO. MAYO	Appointment Date	09/04/2014
Eircode

Current Company Secretary

Title		Function	Company Secretary
Name	PAUL LARCHET	Nationality
Date of Birth	11/1955	Present Appointments	32
Latest Address	12 ST MARYS ROAD, BALLSBRIDGE, DUBLIN 4	Appointment Date	30/11/2005

Authorised Person

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
GARDINER GROUP LTD	EUR	2	ORDINARY	1.27	100
1

Financials

Balance Sheet

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Tangible Assets	0	-	0	-	0	-	0	-	0
	Intangible Assets	0	-	0	-	0	-	0	-	0
	Total Fixed Assets	0	-	0	-	0	-	0	-	0
	Stock	0	-	0	-	0	-	0	-	0
	Trade Debtors	0	-	0	-	0	-	0	-	0
	Cash	0	-	0	-	0	-	0	-	0
	Other Debtors	0	-	0	-	0	-	0	-	0
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	0	-	0	-	0	-	0	-	0
	Trade Creditors	0	-	0	-	0	-	0	-	0
	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
	Other Short Term Finance	0	-	0	-	0	-	0	-	0
	Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	0
	Total Current Liabilities	0	-	0	-	0	-	0	-	0
	Bank Loans & Overdrafts and LTL	0	-	0	-	0	-	0	-	0
	Other Long Term Finance	0	-	0	-	0	-	0	-	0
	Total Long Term Liabilities	0	-	0	-	0	-	0	-	0

.

Miscellaneous

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
	Capital Employed	-	-	-	-	-	-	-	-	-
	Number of Employees	-	-	-	-	-	-	-	-	-
	Accountants
	Auditors	KPMG
	Auditor Comments	The audit report contains no adverse comments
	Bankers	BANK OF IRELAND
	Bank Branch Code

Ratios

	Date Of Accounts	31/12/16	31/12/15	31/12/14	31/12/13	31/12/12
	Pre-tax profit margin %	-	-	-	-	-
	Current ratio	-	-	-	-	-
	Sales/Net Working Capital	-	-	-	-	-
	Gearing %	0	0	0	0	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.

History

No Status History found

Event History

Date	Description
21/10/2017	Annual Returns
20/10/2017	New Accounts Filed
07/12/2016	New Accounts Filed
06/12/2016	Annual Returns
21/01/2016	Annual Returns
21/01/2016	New Accounts Filed
31/03/2015	TOM NOLAN has left the board
14/10/2014	New Accounts Filed
14/10/2014	New Accounts Filed
13/10/2014	Annual Returns
09/04/2014	New Board Member (RAY MC LOUGHLIN) appointed
15/10/2013	New Accounts Filed
12/10/2013	Annual Returns
11/10/2012	New Accounts Filed
11/10/2012	New Accounts Filed

Previous Company Names

No Previous Names found

Received Documents

Writ Details

No writs found

Statistics

Group	13 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	ROLL UP LIMITED
Ownership Status	Intermediately Owned
Ultimate Holding Company	ROLL UP LIMITED

Group Structure

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
ROLL UP LIMITED	IE377933	31.12.2016	Y	€44,149,000
GARDINER GROUP LIMITED	IE118029	31.12.2016	Y
ARK SAFETY EQUIPMENT...	IE449121	31.12.2016	Y
MVI HAZEL LIMITED	IE233502	31.12.2016	Y
P.E. O'BRIEN & SONS...	IE021170	31.12.2016	Y
SAFEWAY MANUFACTURIN...	IE168610	31.12.2016	Y
MYGAN SUPPLIES LIMITED	IE118038	31.12.2016	Y
QFF DISTRIBUTION LIM...	IE073601	31.12.2016	Y
CENTURY INDUSTRIAL...	IE033416	31.12.2016	Y
TUCKS O'BRIEN LIMITED	IE023423	31.12.2016	Y
GENFITT (MAYO) LIMITED	IE336567	31.12.2016	Y
OPTIMUS HOLDINGS UNLIM...	IE053998	31.12.2016	Y
KNOCK ROAD SUPPLIES...	IE034742	31.12.2016	Y

Business Owner Links

	Business Name	Business No	Business Status.
	GENFITT (MAYO) LIMITED	IE336567
	TECH CONSULTANTS IRELAND	233309	CEASED
	GET READY FOR	595028	NORMAL
	GET READY FOR SPRING	595027	NORMAL
	GET READY FOR SILAGE	595026	NORMAL
	GET READY FOR SUMMER	595025	NORMAL
	GET READY FOR AUTUMN	595024	NORMAL
	GET READY FOR WINTER	595023	NORMAL
	BE READY	595022	NORMAL
	BE READY FOR SPRING	595020	NORMAL
	BE READY FOR SILAGE	595018	NORMAL
	BE READY FOR AUTURM	595017	NORMAL
	BE READY FOR WINTER	595016	NORMAL
	PACE AUTO EQUIP	481049	NORMAL
	PACE MARKETING	481048	NORMAL
	BE READY FOR	595021	NORMAL
	BE READY FOR SUMMER	595019	NORMAL

Statistics

Group	13 companies
Linkages	0 companies
Countries	In 0 countries

Mortgage Details

Mortgage Type:	Supplemental debenture to the Principal Deed dated 26 January 2016..
Date Charge Created:	26/01/16
Date Charge Registered:	29/01/16
Date Charge Satisfied:	-
Status:	NOT SATISFIED
Person(s) Entitled:	Gowan Group Limited
Amount Secured:
Details:
Mortgage Type:	Debenture dated 23 December 2015 creating fixed and floating charges over all rights, title and interest of the Company in and to all of its undertakings, property, assets and rights whatsoever and wheresoever both present (as at the date of the Debenture) and future..
Date Charge Created:	23/12/15
Date Charge Registered:	07/01/16
Date Charge Satisfied:	-
Status:	NOT SATISFIED
Person(s) Entitled:	Gowan Group Limited
Amount Secured:
Details:

Mortgage Type:	A charge on uncalled share capital of the company. A charge created or evidenced by an instrument which, if executed by an individual, would require registration as a bill of sale. A charge on land, wherever situate, or any interest therein, but not including a charge for any rent or other periodical sum issuing out of land. A charge on book debts of the company. A floating charge on the undertakings or property of the company. A charge on goodwill, on a patent or licence under a patent, on a trademark or on a copyright or a licence under copyright.
Date Charge Created:	30/11/05
Date Charge Registered:	20/12/05
Date Charge Satisfied:	-
Status:	NOT SATISFIED
Person(s) Entitled:	THE GOVERNOR & CO OF THE BANK OF IRELAND
Amount Secured:
Details:	All moneys, obligations and liabilities whatsoever whether principal, interest or otherwise which at the date of the Deed were or at any time thereafter may become, due owing and payable to the Bank whether collectively or individually by the........ .Please see continuation Page

Previous Director/Company Secretaries

Name	Current Active Appointments	Previous Appointments	Dissolved Companies
LAURENCE MCELLIN	0	4	1
MARK GERARD MCELLIN	0	2	0
MARK GERARD MCELLIN	0	2	0
FINBARR KENNELLY	2	4	4
TOM NOLAN	0	13	2
CHRISTIAN DIJKSTRA	0	13	0

Average Invoice Value	€225.90
Invoices available	4
Paid	3
Outstanding	1

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

	Within Terms	0-30 Days	31-60 Days	61-90 Days	91+ Days
Paid	0	3	0	0	0
Outstanding	1	0	0	0	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.38
UK Pound	1	INR 86.02
Euro	1	INR 76.50
Euro	1	INR 76.20

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

INFORMATION DETAILS

Analysis Done by :	PRI
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.