MIRA INFORM REPORT

Report No. :	507305
Report Date :	05.05.2018

IDENTIFICATION DETAILS

Name :	CARD CENTRIC LIMITED

Registered Office :	33 Sundrive Road Dublin 12 662892

Country :	Ireland

Financials (as on) :	31.12.2016

Date of Incorporation :	31.02.2011

Com. Reg. No.:	IE499435

Legal Form :	LTD - Private Company Limited by Shares

Line of Business :	Other information technology service activities.

No. of Employees :	2

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 :	Satisfactory

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

Company Name : CARD CENTRIC LIMITED

Company No : IE499435

Company Status : Active - Accounts Filed

Registered Address : 33 SUNDRIVE ROADDUBLIN 12662892

Company Summary

Registered Address 33 SUNDRIVE ROAD
DUBLIN 12
662892

Trading Address

Website Address -

Eircode D12A526

VAT Number IE9817115B

Telephone Number -

Fax Number

TPS -

FPS Yes

Incorporation Date 31/05/2011

Previous Name

Type LTD - PRIVATE COMPANY LIMITED BY SHARES

FTSE Index -

Date of Change -

Filing Date of Accounts -

Currency EUR

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 -

Accountant DENIS J. RYAN & ASSOCIATES

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

31/12/2016 - - €299,370 2

31/12/2015 - - €377,614 2

31/12/2014 - - €131,044 2

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.

The company's credit rating has dropped from 81 to 59 but the company still indicates good creditworthiness.

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

There is insufficient data to indicate a change in this company's pre-tax profit.

The company is exempt from audit.

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	SOPHIE REVOY	Nationality
Date of Birth	09/1972	Present Appointments	2
Latest Address	32 CLANMAWR, SHANKILL, DUBLIN 18	Appointment Date	31/05/2011
Eircode
Title		Function	Director
Name	TOLGA KISLAL	Nationality
Date of Birth	09/1973	Present Appointments	1
Latest Address	GOKTURK MERKEZ MAH BENTLER SKBENTLER, BINA NOOOOL, BLOCK A3, DAIRE 15 EYUP	Appointment Date	27/03/2012
Eircode

Current Company Secretary

Title		Function	Company Secretary
Name	SOPHIE REVOY	Nationality
Date of Birth	09/1972	Present Appointments	2
Latest Address	32 CLANMAWR, SHANKILL, DUBLIN 18	Appointment Date	31/05/2011
Eircode

Authorised Person

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
TOLGA KISLAL	EUR	50	ORDINARY	1	50
PATRICK TRANE	EUR	50	ORDINARY	1	50

Financial

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
Turnover	-	-	-	-	-	-	-	-	-
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-
Wages & Salaries	€71,167	13.4%	€62,733	10.2%	€56,936	-	-	-	-
Directors Emoluments	€18,269	9.4%	€16,704	32.1%	€12,647	-	-	-	-
Operating Profit	-	-	-	-	-	-	-	-	-
Depreciation	-	-	-	-	-	-	-	-	-
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	-	-	-
Taxation	-	-	-	-	-	-	-	-	-
Profit After Tax	-	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
Tangible Assets	€739	-50%	€1,477	-	0	-	0	-	0
Intangible Assets	0	-	0	-	0	-	0	-	0
Total Fixed Assets	€739	-50%	€1,477	-	0	-	0	-	0
Stock	€34,761	-42.9%	€60,840	201.6%	€20,175	763.3%	€2,337	-	0
Trade Debtors	€241,610	-51.1%	€494,492	429.9%	€93,313	-11.1%	€105,003	319.8%	€25,011
Cash	€284,384	-28.5%	€397,715	48.6%	€267,636	162.5%	€101,948	44.9%	€70,371
Other Debtors	€16,366	-48.3%	€31,665	233.6%	€9,493	62.7%	€5,833	999.9%	€59
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	€577,121	-41.4%	€984,712	152.1%	€390,617	81.6%	€215,121	125.4%	€95,441
Trade Creditors	€268,522	-54.1%	€584,744	136.9%	€246,816	32.4%	€186,390	106.2%	€90,404
Bank Loans & Overdrafts	€285	-91.3%	€3,262	-	0	-	0	-	0
Other Short Term Finance	0	-	0	-	0	-	0	-	0
Miscellaneous Current Liabilities	€9,683	-52.9%	€20,569	61.2%	€12,757	422.8%	€2,440	284.3%	€635
Total Current Liabilities	€278,490	-54.2%	€608,575	134.5%	€259,573	37.5%	€188,830	107.4%	€91,039
Bank Loans & Overdrafts and LTL	€285	-91.3%	€3,262	-	0	-	0	-	0
Other Long Term Finance	0	-	0	-	0	-	0	-	0
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
Called Up Share Capital	€100	-	€100	-	€100	-	€100	-	€100
P & L Account Reserve	€299,270	-20.7%	€377,514	188.3%	€130,944	400%	€26,191	508.8%	€4,302
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	€299,370	-20.7%	€377,614	188.2%	€131,044	398.4%	€26,291	497.3%	€4,402

Other Financial Items

Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
Net Worth	€299,370	-20.7%	€377,614	188.2%	€131,044	398.4%	€26,291	497.3%	€4,402
Working Capital	€298,631	-20.6%	€376,137	187%	€131,044	398.4%	€26,291	497.3%	€4,402
Total Assets	€577,860	-41.4%	€986,189	152.5%	€390,617	81.6%	€215,121	125.4%	€95,441
Total Liabilities	€278,490	-54.2%	€608,575	134.5%	€259,573	37.5%	€188,830	107.4%	€91,039
Net Assets	€299,370	-20.7%	€377,614	188.2%	€131,044	398.4%	€26,291	497.3%	€4,402

Cash Flow

Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

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	€299,370	-20.7%	€377,614	188.2%	€131,044	398.4%	€26,291	497.3%	€4,402
Number of Employees	2	-	2	-	2	-	-	-	-

	Accountants	DENIS J. RYAN & ASSOCIATES
	Auditors
	Auditor Comments	The company is exempt from audit

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	2.07	1.62	1.50	1.14	1.05
Sales/Net Working Capital	-	-	-	-	-
Gearing %	0.10	0.90	0	0	0
Equity in %	51.80	38.30	33.50	12.20	4.60
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	1.94	1.51	1.42	1.12	1.04
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	0.93	1.61	1.98	7.18	20.68
Total Debt Ratio	0.93	1.61	1.98	7.18	20.68
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
01/07/2017	Annual Returns
30/06/2017	New Accounts Filed
30/06/2017	New Accounts Filed
18/08/2016	PATRICK TRANE has left the board
06/08/2016	New Accounts Filed
06/08/2016	New Accounts Filed
05/08/2016	Annual Returns
22/06/2015	New Accounts Filed
20/06/2015	Annual Returns
04/02/2015	New Accounts Filed
11/09/2014	Annual Returns
13/07/2013	New Accounts Filed
11/07/2013	Annual Returns
12/02/2013	New Accounts Filed
11/02/2013	Annual Returns

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 StructureFull

No Group Structure

Previous Director/Company Secretaries

Name	Current Active Appointments	Previous Appointments	Dissolved Companies
SANDRA O'NEILL	7	4028	3745
COMPANY SETUP SECRETARIAL SERVICES LIMITED	64	1201	850
PATRICK TRANE	0	1	0
ANNE O'NEILL	1	408	300
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 66.76
UK Pound	1	INR 90.58
Euro	1	INR 79.96
Euro	1	INR 80.03

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

INFORMATION DETAILS

Analysis Done by :	PRI

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.