MIRA INFORM REPORT

Report No. :	495819
Report Date :	08.03.2018

IDENTIFICATION DETAILS

Name :	JOHN CONATY LIMITED

Registered Office :	Sylvan Park Kells Co Meath 336004

Country :	United Kingdom

Financials (as on) :	31.12.2016

Date of Incorporation :	02.11.2009

Com. Reg. No.:	IE476989

Legal Form :	Ltd - Private Company Limited By Shares

Line of Business :	Agents involved in the sale of machinery, industrial equipment, ships and aircraft

No. of Employees :	10 (2016)

RATING & COMMENTS

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

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Good

Payment Behaviour :	Regular

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)

United Kingdom

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

UNITED KINGDOM - ECONOMIC OVERVIEW

The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining; the UK has been a net importer of energy since 2005. Services, particularly banking, insurance, and business services, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output.

In 2008, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Falling home prices, high consumer debt, and the global economic slowdown compounded the UK’s economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets. Facing burgeoning public deficits and debt levels, in 2010 the then CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which has continued under the Conservative government. However, the deficit still remains one of the highest in the G7, standing at 3.6% of GDP as of 2017, and the UK has pledged to lower its corporation tax from 20% to 17% by 2020. The UK had a debt burden of 90.4% GDP at the end of 2017.

The UK’s economy has begun to slow since the referendum vote to leave the EU in June 2016. A sustained depreciation of the British pound has increased consumer and producer prices, weighing on consumer spending without spurring a meaningful increase in exports. The UK has an extensive trade relationship with other EU members through its single market membership and economic observers have warned the exit will jeopardize its position as the central location for European financial services. Prime Minister MAY is seeking a new “deep and special” trade relationship with the EU following the UK’s exit. However, economists doubt that the UK will be able to preserve the benefits of EU membership without the obligations.

Source : CIA

Company Name and address

JOHN CONATY LIMITED

SYLVAN PARK KELLS CO MEATH 336004

Company No.

IE476989

Company Status

Active - Accounts Filed

Company Summary

Registered Address SYLVAN PARK
KELLS
CO MEATH
336004

Trading Address

Website Address -

Eircode -

VAT Number IE9730716U

Telephone Number -

Fax Number

TPS -

FPS Yes

Incorporation Date 02/11/2009

Previous Name

Type LTD - PRIVATE COMPANY LIMITED BY SHARES

FTSE Index -

Date of Change -

Filing Date of Accounts -

Currency EUR

Share Capital €100

SIC07 46140

Charity Number -

SIC07 Description AGENTS INVOLVED IN THE SALE OF MACHINERY, INDUSTRIAL

EQUIPMENT, SHIPS AND AIRCRAFT

Principal Activity

Nace Code -

Nace Description -

Additional Information

CJ's 0 (€0)

No CJ Information To Display

Ultimate Holding Company -

Accountant FARRELLY & SCULLY LTD

Mortgages 1

Group 0 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

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

31/12/2016 - - €693,916 10

31/12/2015 - - €835,083 10

31/12/2014 - - €915,203 10

Mortgage Summary

Total Mortgage 1

Outstanding 1

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 has been no significant change in the company's credit limit.

There is insufficient data to indicate a change in this company's percentage of sales.

The company saw an increase in their Cash Balance of 73.2% 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	2	Total Current Secretaries	1
Total Previous Directors / Company Secretaries	3

Current Directors

Title		Function	Director
Name	JOHN CONATY	Nationality
Date of Birth	07/1954	Present Appointments	2
Latest Address	SYLVAN PARK, KELLS, CO. MEATH	Appointment Date	02/11/2009
Eircode
Title		Function	Director
Name	PHILOMENA BRADLEY	Nationality
Date of Birth	01/1958	Present Appointments	1
Latest Address	SYLVAN PARK, KELLS, CO. MEATH	Appointment Date	02/11/2009
Eircode

Current Company Secretary

Title		Function	Company Secretary
Name	JOHN CONATY	Nationality
Date of Birth	07/1954	Present Appointments	2
Latest Address	SYLVAN PARK, KELLS, CO. MEATH	Appointment Date	02/11/2009
Eircode

Authorised Person

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
PHILOMENA BRADLEY	EUR	50	ORDINARY	1	50
JOHN CONATY	EUR	50	ORDINARY	1	50

Profit & Loss

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	EUR	(%)	EUR	(%)	EUR	(%)	EUR	(%)	EUR
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Turnover	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Cost of Sales	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Gross Profit	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Wages & Salaries	-	-	-	-	€308,314	27.7%	€241,377	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Directors Emoluments	€46,200	-	€46,200	-	€46,200	-31.8%	€67,756	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Operating Profit	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Depreciation	€14,701	-	-	-	€15,694	6.3%	€14,770	14.6%	€12,886
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Audit Fees	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Interest Payments	€5,158	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Pre Tax Profit	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Taxation	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Profit After Tax	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Tangible Assets	€54,778	23.3%	€44,412	-33.9%	€67,190	0.9%	€66,595	7.3%	€62,067
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Intangible Assets	€36,639	-23.8%	€48,076	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Total Fixed Assets	€91,417	-1.2%	€92,488	37.7%	€67,190	0.9%	€66,595	7.3%	€62,067
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Stock	€1,151,383	-12.5%	€1,316,092	18.6%	€1,109,792	11.5%	€995,225	49.4%	€665,960
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Trade Debtors	€31,642	6.7%	€29,658	-45.1%	€54,025	78%	€30,355	8.7%	€27,926
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Cash	€156,305	73.2%	€90,233	-69.8%	€298,320	11.9%	€266,640	-25.6%	€358,466
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Other Debtors	€14,204	42%	€10,000	-39.4%	€16,492	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-100%	€2,040	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Total Current Assets	€1,353,534	-6.4%	€1,445,983	-2.2%	€1,478,629	14.2%	€1,294,260	23%	€1,052,352
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Trade Creditors	€260,372	-1.7%	€264,808	33.8%	€197,850	57.1%	€125,949	7.3%	€117,368
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Bank Loans & Overdrafts	€8,266	97.6%	€4,184	36%	€3,076	-60.9%	€7,870	881.3%	€802
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Other Short Term Finance	€352,086	8.1%	€325,690	0.1%	€325,261	-1.6%	€330,542	-6.3%	€352,744
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Miscellaneous Current Liabilities	€130,311	19.9%	€108,706	4.1%	€104,429	38.4%	€75,465	136.8%	€31,873
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Total Current Liabilities	€751,035	6.8%	€703,388	11.5%	€630,616	16.8%	€539,826	7.4%	€502,787
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	€8,266	97.6%	€4,184	36%	€3,076	-60.9%	€7,870	881.3%	€802
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Total Long Term Liabilities	0	-	0	-	0	-	0	-	0

Capital & Reserves

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Called Up Share Capital	€100	-	€100	-	€100	-	€100	-	€100
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	P & L Account Reserve	€693,816	-16.9%	€834,983	-8.8%	€915,103	11.5%	€820,929	34.2%	€611,532
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Sundry Reserves	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Shareholder Funds	€693,916	-16.9%	€835,083	-8.8%	€915,203	11.5%	€821,029	34.2%	€611,632

Other Financial Items

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Net Worth	€657,277	-16.5%	€787,007	-14%	€915,203	11.5%	€821,029	34.2%	€611,632
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Working Capital	€602,499	-18.9%	€742,595	-12.4%	€848,013	12.4%	€754,434	37.3%	€549,565
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Total Assets	€1,444,951	-6.1%	€1,538,471	-0.5%	€1,545,819	13.6%	€1,360,855	22.1%	€1,114,419
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Total Liabilities	€751,035	6.8%	€703,388	11.5%	€630,616	16.8%	€539,826	7.4%	€502,787
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Net Assets	€693,916	-16.9%	€835,083	-8.8%	€915,203	11.5%	€821,029	34.2%	€611,632

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
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Capital Employed	€693,916	-16.9%	€835,083	-8.8%	€915,203	11.5%	€821,029	34.2%	€611,632
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Number of Employees	10	-	10	-	10	11.1%	9	-	-
	Accountants	FARRELLY & SCULLY LTD
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers	BANK OF IRELAND
	Bank Branch Code	90-34-45

Ratios

	Date Of Accounts	31/12/16	31/12/15	31/12/14	31/12/13	31/12/12
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Pre-tax profit margin %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Current ratio	1.80	2.06	2.34	2.40	2.09
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Sales/Net Working Capital	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Gearing %	1.20	0.50	0.30	1	0.10
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Equity in %	49.30	56	59.20	60.30	54.90
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Creditor Days	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Debtor Days	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Liquidity/Acid Test	0.26	0.18	0.58	0.55	0.76
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Return On Capital Employed %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Return On Total Assets Employed %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Current Debt Ratio	1.08	0.84	0.68	0.65	0.82
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Total Debt Ratio	1.08	0.84	0.68	0.65	0.82
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\barchart-grey.png$	Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
16/12/2017	Annual Returns
15/12/2017	New Accounts Filed
15/12/2017	New Accounts Filed
10/01/2017	Annual Returns
10/01/2017	New Accounts Filed
10/01/2017	New Accounts Filed
15/01/2016	New Accounts Filed
15/01/2016	New Accounts Filed
14/01/2016	Annual Returns
15/06/2015	Annual Returns
19/05/2014	New Accounts Filed
19/05/2014	Annual Returns
25/06/2013	New Accounts Filed
24/06/2013	Annual Returns
19/06/2012	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

Business Owner Links

	Business Name	Business No	Business Status.
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\dashminus.gif$	JOHN CONATY LIMITED	IE476989
$Description: \\Vivek-pc\123 Foreign Report Raw\JOHN CONATY LTD_files\L.gif$	SYLVAN TRACTOR SPARES	403246	NORMAL

Mortgage Details

Mortgage Type:	A floating charge on the undertakings or property of the company.
Date Charge Created:	20/05/10
Date Charge Registered:	26/05/10
Date Charge Satisfied:	-
Status:	NOT SATISFIED
Person(s) Entitled:	DANSKE BANK A/S TRADING AS NATIONAL IRISH BANK
Amount Secured:
Details:	All monies and/or obligations which now are, or at any time may become, due or owing to the security holder by the company on any account and all the other liabilities whatsoever of the company to the security holder whether actual or contingent and whether as principal debtor, guarantor, surety or otherwise.

Previous Director/Company Secretaries

Name	Current Active Appointments	Previous Appointments	Dissolved Companies
GILL HANLON	65	4028	2971
GILL HANLON	65	4028	2971
HILARY O'BRIEN	10	1817	968

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 64.96
UK Pound	1	INR 90.34
Euro	1	INR 80.75
GBP	1	INR 90.32

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

INFORMATION DETAILS

Analysis Done by :	NIS

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.