|
|
|
MIRA
INFORM REPORT
|
Report No. : |
509171 |
|
Report Date : |
14.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
GAFS - IE LIMITED |
|
|
|
|
Registered Office : |
32
Molesworth Street Dublin 2 662881 |
|
|
|
|
Country : |
Ireland |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
04.03.2011 |
|
|
|
|
Com. Reg. No.: |
IE495801 |
|
|
|
|
Legal Form : |
Private Company Limited by Shares |
|
|
|
|
Line of Business : |
Subject is engaged in Renting and leasing of air passenger transport
equipment. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 |
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 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 :
GAFS - IE LIMITED
Company
No :
IE495801
Company
Status :
Active - Accounts Filed
Registered
Address :
32 MOLESWORTH STREETDUBLIN 2662881
Company
Summary
Registered Address 32 MOLESWORTH STREET
DUBLIN 2
662881
Trading
Address
Website
Address -
Eircode
-
VAT
Number E9778014G
Telephone
Number -
Fax
Number
TPS
-
FPS
Yes
Incorporation
Date 04/03/2011
Previous
Name
Type
LTD - PRIVATE COMPANY
LIMITED BY SHARES
FTSE
Index -
Date
of Change -
Filing
Date of Accounts –
Currency
USD
Share
Capital €500
SIC07
77351
Charity
Number -
SIC07 Description RENTING AND LEASING
OF AIR PASSENGER TRANSPORT EQUIPMENT
Principal Activity Leasing of aircraft.
Accounts data converted from US Dollars. T/O = Operating lease income.
Nace
Code -
Nace
Description –
Additional Information
CJ's
0 (€0)
No
CJ Information To Display
Ultimate
Holding Company GAFS-P LIMITED
Accountant
-
Mortgages
6
Group
4 companies
Linkages
0 companies
Countries
In 0 countries
Key Financials
Year
to Date Turnover Pre Tax Profit Shareholder's Funds Employees
31/12/2016
€7,413,330 €44,770 €86,723
-
31/12/2015
€7,240,636 €44,491 €39,950
-
31/12/2014
€7,536,327 €16,939 €1,060
-
Mortgage Summary
Total
Mortgage 6
Outstanding
2
Satisfied
4
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 95 to 66 but the company still
indicates good creditworthiness. |
|
Sales
in the latest trading period increased 2.4% on the previous trading period. |
|
Net
Worth increased by 117.1% during the latest trading period. |
|
A
12.9% growth in Total Assets occurred during the latest trading period. |
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 |
Current Directors
|
Title |
Function |
Director |
|
|
Name |
SEAN
O'SULLIVAN |
Nationality |
|
|
Date
of Birth |
12/1972 |
Present
Appointments |
91 |
|
Latest
Address |
6
KNOCKLYON HEIGHTS, TEMPLEOGUE, DUBLIN 16. |
Appointment
Date |
19/11/2014 |
|
Eircode |
|||
|
Title |
Function |
Director |
|
|
Name |
PATRICK
SMYTH |
Nationality |
|
|
Date
of Birth |
01/1950 |
Present
Appointments |
23 |
|
Latest
Address |
3
CORR CASTLE, HOWTH ROAD, SUTTON, DUBLIN 13 |
Appointment
Date |
12/11/2015 |
|
Eircode |
|||
|
Title |
Function |
Director |
|
|
Name |
ALAN
KANE |
Nationality |
|
|
Date
of Birth |
10/1951 |
Present
Appointments |
20 |
|
Latest
Address |
34
GILFORD PARK, SANDYMOUNT, DUBLIN 4. |
Appointment
Date |
04/03/2011 |
|
Eircode |
|||
Current Company Secretary
|
Title |
Function |
Company
Secretary |
|
|
Name |
MFD
SECRETARIES LIMITED |
Nationality |
|
|
Date
of Birth |
02/2006 |
Present
Appointments |
1184 |
|
Latest
Address |
32
MOLESWORTH STREET, DUBLIN 2. |
Appointment
Date |
19/11/2014 |
|
Eircode |
Authorised Person
Top
Shareholders
|
Name |
Currency |
Share
Count |
Share
Type |
Nominal
Value |
%
of Total Share Count |
|
JA-G
ACQUISITION LTD |
USD |
50 |
ORDINARY |
10 |
100 |
Financials
Profit
& Loss
|
Date
Of Accounts |
31/12/16 |
(%) |
31/12/15 |
(%) |
31/12/14 |
(%) |
19/11/14 |
(%) |
31/12/13 |
|
|
Weeks |
52 |
(%) |
52 |
(%) |
6 |
(%) |
46 |
(%) |
52 |
|
|
Currency |
EUR |
(%) |
EUR |
(%) |
EUR |
(%) |
EUR |
(%) |
EUR |
|
|
Consolidated
A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
|
|
Turnover |
€7,413,330 |
2.4% |
€7,240,636 |
-3.9% |
€7,536,327 |
11.2% |
€6,778,867 |
8.6% |
€6,243,947 |
|
|
Export |
€7,413,330 |
2.4% |
€7,240,636 |
-3.9% |
€7,536,327 |
11.2% |
€6,778,867 |
8.6% |
€6,243,947 |
|
|
Cost
of Sales |
€7,366,031 |
2.4% |
€7,193,596 |
-4% |
€7,491,749 |
11.2% |
€6,734,568 |
8.6% |
€6,203,442 |
|
|
Gross
Profit |
€47,298 |
0.5% |
€47,039 |
5.5% |
€44,578 |
0.6% |
€44,300 |
9.4% |
€40,505 |
|
|
Wages
& Salaries |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Directors
Emoluments |
- |
- |
- |
-100% |
€5,664 |
11.2% |
€5,095 |
-62.7% |
€13,651 |
|
|
Operating
Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Depreciation |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Audit
Fees |
€2,121 |
-33.3% |
€3,181 |
587.9% |
€462 |
-87.2% |
€3,607 |
-25.2% |
€4,822 |
|
|
Interest
Payments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Pre
Tax Profit |
€44,770 |
0.6% |
€44,491 |
162.7% |
€16,939 |
2.6% |
€16,505 |
82.9% |
€9,026 |
|
|
Taxation |
€2,003 |
136% |
-€5,562 |
-162.7% |
-€2,117 |
-2.6% |
-€2,063 |
-79.7% |
-€1,148 |
|
|
Profit
After Tax |
€46,773 |
20.1% |
€38,930 |
162.6% |
€14,822 |
2.6% |
€14,442 |
83.3% |
€7,878 |
|
|
Dividends
Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Retained
Profit |
€46,773 |
20.1% |
€38,930 |
162.6% |
€14,822 |
2.6% |
€14,442 |
83.3% |
€7,878 |
Balance
Sheet
|
Date
Of Accounts |
31/12/16 |
(%) |
31/12/15 |
(%) |
31/12/14 |
(%) |
19/11/14 |
(%) |
31/12/13 |
|
|
|
Tangible
Assets |
€3,581,477 |
999.9% |
€10,099 |
-22.9% |
€13,106 |
-3.9% |
€13,635 |
4.5% |
€13,044 |
|
|
Intangible
Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total
Fixed Assets |
€3,581,477 |
999.9% |
€10,099 |
-22.9% |
€13,106 |
-3.9% |
€13,635 |
4.5% |
€13,044 |
|
|
Stock |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Trade
Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Cash |
€2,500,717 |
3.8% |
€2,408,173 |
- |
0 |
-100% |
€2,914,622 |
139.2% |
€1,218,444 |
|
|
Other
Debtors |
€2,524 |
-99.9% |
€2,969,709 |
23.3% |
€2,408,020 |
1.3% |
€2,377,435 |
59.3% |
€1,492,444 |
|
|
Miscellaneous
Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total
Current Assets |
€2,503,241 |
-53.5% |
€5,377,882 |
123.3% |
€2,408,020 |
-54.5% |
€5,292,057 |
95.2% |
€2,710,888 |
|
|
Trade
Creditors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Bank
Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Other
Short Term Finance |
€2,500,717 |
-53.2% |
€5,340,284 |
120.9% |
€2,417,797 |
-54.4% |
€5,303,025 |
97.2% |
€2,689,053 |
|
|
Miscellaneous
Current Liabilities |
€5,743 |
-25.9% |
€7,747 |
241.3% |
€2,270 |
2.3% |
€2,219 |
-62.4% |
€5,901 |
|
|
Total
Current Liabilities |
€2,506,460 |
-53.1% |
€5,348,031 |
121% |
€2,420,067 |
-54.4% |
€5,305,244 |
96.9% |
€2,694,954 |
|
|
Bank
Loans & Overdrafts and LTL |
€3,491,535 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Other
Long Term Finance |
€3,491,535 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total
Long Term Liabilities |
€3,491,535 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
.
Capital
& Reserves
|
Date
Of Accounts |
31/12/16 |
(%) |
31/12/15 |
(%) |
31/12/14 |
(%) |
19/11/14 |
(%) |
31/12/13 |
|
|
|
Called
Up Share Capital |
€424 |
- |
€424 |
-3.7% |
€440 |
-1.7% |
€448 |
22.6% |
€365 |
|
|
P
& L Account Reserve |
€86,299 |
118.3% |
€39,526 |
999.9% |
€619 |
- |
- |
-100% |
€28,613 |
|
|
Revaluation
Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Sundry
Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Shareholder
Funds |
€86,723 |
117.1% |
€39,950 |
999.9% |
€1,060 |
136.6% |
€448 |
-98.5% |
€28,978 |
Other
Financial Items
|
Date
Of Accounts |
31/12/16 |
(%) |
31/12/15 |
(%) |
31/12/14 |
(%) |
19/11/14 |
(%) |
31/12/13 |
|
|
|
Net
Worth |
€86,723 |
117.1% |
€39,950 |
999.9% |
€1,060 |
136.6% |
€448 |
-98.5% |
€28,978 |
|
|
Working
Capital |
-€3,219 |
-110.8% |
€29,851 |
347.8% |
-€12,047 |
8.6% |
-€13,187 |
-182.8% |
€15,934 |
|
|
Total
Assets |
€6,084,718 |
12.9% |
€5,387,981 |
122.5% |
€2,421,126 |
-54.4% |
€5,305,692 |
94.8% |
€2,723,932 |
|
|
Total
Liabilities |
€5,997,995 |
12.2% |
€5,348,031 |
121% |
€2,420,067 |
-54.4% |
€5,305,244 |
96.9% |
€2,694,954 |
|
|
Net
Assets |
€86,723 |
117.1% |
€39,950 |
999.9% |
€1,060 |
136.6% |
€448 |
-98.5% |
€28,978 |
Cash
Flow
|
Date
Of Accounts |
31/12/16 |
(%) |
31/12/15 |
(%) |
31/12/14 |
(%) |
19/11/14 |
(%) |
31/12/13 |
|
|
|
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 |
(%) |
19/11/14 |
(%) |
31/12/13 |
|
|
Contingent
Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
|
|
Capital
Employed |
€3,578,258 |
999.9% |
€39,950 |
999.9% |
€1,060 |
136.6% |
€448 |
-98.5% |
€28,978 |
|
|
Number
of Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Accountants |
||||||||||
|
Auditors |
ERNST
& YOUNG |
|||||||||
|
Auditor
Comments |
The
audit report contains no adverse comments |
|||||||||
|
Bankers |
BANK
OF IRELAND |
|||||||||
|
Bank
Branch Code |
90-00-84 |
|||||||||
Ratios
|
Date
Of Accounts |
31/12/16 |
31/12/15 |
31/12/14 |
19/11/14 |
31/12/13 |
|
|
|
Pre-tax
profit margin % |
0.60 |
0.61 |
0.22 |
0.24 |
0.14 |
|
|
Current
ratio |
1 |
1.01 |
1 |
1 |
1.01 |
|
|
Sales/Net
Working Capital |
-2303.01 |
242.56 |
-625.59 |
-514.05 |
391.86 |
|
|
Gearing
% |
4026.10 |
0 |
0 |
0 |
0 |
|
|
Equity
in % |
1.40 |
0.70 |
- |
- |
1.10 |
|
|
Creditor
Days |
- |
- |
- |
- |
- |
|
|
Debtor
Days |
- |
- |
- |
- |
- |
|
|
Liquidity/Acid
Test |
0.99 |
1 |
0.99 |
0.99 |
1 |
|
|
Return
On Capital Employed % |
1.25 |
111.36 |
1598.75 |
3686 |
31.14 |
|
|
Return
On Total Assets Employed % |
0.73 |
0.82 |
0.69 |
0.31 |
0.33 |
|
|
Current
Debt Ratio |
28.90 |
133.86 |
2284.09 |
11848.14 |
93 |
|
|
Total
Debt Ratio |
69.16 |
133.86 |
2284.09 |
11848.14 |
93 |
|
|
Stock
Turnover Ratio % |
- |
- |
- |
- |
- |
|
|
Return
on Net Assets Employed % |
51.62 |
111.36 |
1598.75 |
3686 |
31.14 |
Report
Notes
|
There
are no notes to display. |
Status
History
|
No
Status History found |
Event History
|
Date |
Description |
|
24/08/2017 |
Annual
Returns |
|
21/08/2017 |
New
Accounts Filed |
|
21/08/2017 |
New
Accounts Filed |
|
28/04/2016 |
Annual
Returns |
|
25/04/2016 |
New
Accounts Filed |
|
25/04/2016 |
New
Accounts Filed |
|
12/11/2015 |
MARGARET
CLANDILLON has left the board |
|
12/11/2015 |
New
Board Member (PATRICK SMYTH) appointed |
|
03/10/2015 |
New
Accounts Filed |
|
03/10/2015 |
New
Accounts Filed |
|
01/10/2015 |
Annual
Returns |
|
19/11/2014 |
PAUL
FREDRICK NEWRICK has left the board |
|
19/11/2014 |
MARGARET
CLANDILLON has resigned as company secretary |
|
19/11/2014 |
New
Company Secretary (MFD SECRETARIES LIMITED) appointed |
|
19/11/2014 |
New
Board Member (SEAN O'SULLIVAN) appointed |
Previous
Company Names
|
No
Previous Names found |
Received
Documents
|
No
writs found |
Statistics
|
Group |
4
companies |
|
Linkages |
0
companies |
|
Countries |
In
0 countries |
Summary
|
Holding
Company |
JA-G
ACQUISITION LIMITED |
|
Ownership
Status |
Wholly
Owned |
|
Ultimate
Holding Company |
GAFS-P
LIMITED |
Group StructureFull
|
Company
Name |
Registered
Number |
Latest
Key Financials |
Consol.
Accounts |
Turnover |
|
|
IE550372 |
31.12.2016 |
Y |
€68,780,308 |
|
|
IE550371 |
31.12.2016 |
Y |
€14,777,529 |
|
|
IE495800 |
31.12.2016 |
N |
€7,364,198 |
|
|
IE495801 |
31.12.2016 |
N |
€7,413,330 |
Mortgage
Details
|
Mortgage
Type: |
A
charge on book debts of the company. |
||
|
Date
Charge Created: |
24/02/15 |
||
|
Date
Charge Registered: |
13/03/15 |
||
|
Date
Charge Satisfied: |
- |
||
|
Status: |
NOT
SATISFIED |
||
|
Person(s)
Entitled: |
U.S
BANK NATIONAL ASSOCIATION |
||
|
Amount
Secured: |
|||
|
Details: |
XXX
ALL MONEYS, LIABILITIES AND OBLIGATIONS, WHETHER ACTUAL OR CONTINGENT, WHICH
ARE AT THE DATE OF THE ACCOUNT CHARGE OR AT ANY TIME THEREAFTER MAY BE
EXPRESSED TO BE INCURRED FROM OR DUE, OWING OR PAYABLE BY ANY OBLIGOR TO ANY
OF THE FINANCE PARTIES UNDER OR PURSUANT TO ANY LOAN DOCUMENT (THE
"SECURED OBLIGATIONS"). XXX |
||
|
Mortgage
Type: |
A
charge on book debts of the company. A floating charge on the undertakings or
property of the company. |
||
|
Date
Charge Created: |
19/11/14 |
||
|
Date
Charge Registered: |
10/12/14 |
||
|
Date
Charge Satisfied: |
- |
||
|
Status: |
NOT
SATISFIED |
||
|
Person(s)
Entitled: |
U.S.
BANK NATIONAL ASSOCIATION |
||
|
Amount
Secured: |
|||
|
Details: |
ALL
MONEYS, LIABILITIES AND OBLIGATIONS, WHETHER ACTUAL OR CONTINGENT, WHICH ARE
AT THE DATE OF THE SECURITY AGREEMENT OR AT ANY TIME THEREAFTER MAY BE
EXPRESSED TO BE INCURRED FROM OR DUE, OWING OR PAYABLE BY ANY OBLIGOR TO ANY
OF THE FINANCE PARTIES UNDER OR PURSUANT TO ANY LOAN DOCUMENT (THE
"SECURED OBLIGATIONS"). (CAPITALISED TERMS ARE SET OUT IN THE
FURTHER PARTICULARS ATTACHED HERETO). |
||
|
Mortgage
Type: |
A
charge on book debts of the company. |
||
|
Date
Charge Created: |
19/11/14 |
||
|
Date
Charge Registered: |
10/12/14 |
||
|
Date
Charge Satisfied: |
10/09/15 |
||
|
Status: |
FULLY
SATISFIED |
||
|
Person(s)
Entitled: |
U.S.
BANK NATIONAL ASSOCIATION |
||
|
Amount
Secured: |
|||
|
Details: |
XXX
ANY AND ALL MONEYS, LIABILITIES AND OBLIGATIONS (WHETHER ACTUAL OR
CONTINGENT, WHETHER EXISTING AT THE DATE OF THE ACCOUNTS CHARGE OR THEREAFTER
ARISING, WHETHER OR NOT FOR THE PAYMENT OF MONEY, AND INCLUDING, WITHOUT
LIMITATION, ANY OBLIGATION OR LIABILITY TO PAY DAMAGES) WHICH ARE AT THE DATE
OF THE ACCOUNTS CHARGE OR WHICH MAY AT ANY TIME AND FROM TIME TO TIME
THEREAFTER BE DUE, OWING, PAYABLE OR INCURRED OR BE EXPRESSED TO BE DUE,
OWING, PAYABLE OR INCURRED FROM OR BY ANY OBLIGOR UNDER ANY LOAN DOCUMENT
(THE "SECURED OBLIGATIONS"). XXX |
||
|
Mortgage
Type: |
A
charge on book debts of the company. A floating charge on the undertakings or
property of the company. |
||
|
Date
Charge Created: |
09/03/12 |
||
|
Date
Charge Registered: |
21/03/12 |
||
|
Date
Charge Satisfied: |
08/01/15 |
||
|
Status: |
FULLY
SATISFIED |
||
|
Person(s)
Entitled: |
DVB
BANK SE, LONDON BRANCH |
||
|
Amount
Secured: |
|||
|
Details: |
PURSUANT
TO A RECEIVABLES ACCOUNT CHARGE IN RESPECT OF ONE (1) AIRBUS A33O-2OO
AIRCRAFT WITH MANUFACTURER'S SERIAL NUMBER 956 DATED 9 MARCH 2012 BETWEEN THE
CHARGOR. DVB BANK SE,LONDON BRANCH AS SECURITY TRUSTEE (THE "SECURITY
TRUSTEE") AND INVESTEC BANK PL.C. IRISH BRANCH, AS ACCOUNT BANK (THE
"RECEIVABLES ACCOUNT CHARGE"), (THE CHARGOR COVENANTED WITH THE
SECURITY TRUSTEE (THAT IT SHALL PAY OR DISCHARGE ALL OF THE SECURED
OBLIGATIONS. (CAPITALISED TERMS ARE DEFINED IN THE ANNEX ATTACHED TO. FORM
C1) |
||
|
Mortgage
Type: |
A
charge on book debts of the company. A floating charge on the undertakings or
property of the company. |
||
|
Date
Charge Created: |
09/03/12 |
||
|
Date
Charge Registered: |
21/03/12 |
||
|
Date
Charge Satisfied: |
08/01/15 |
||
|
Status: |
FULLY
SATISFIED |
||
|
Person(s)
Entitled: |
DVB
BANK SE, LONDON BRANCH |
||
|
Amount
Secured: |
|||
|
Details: |
PURSUANT
TO A VARIABLE RENT ACCOUNT CLAUSE IN RELATION TO ONE (I ) AIRBUS A330-2OO
AIRCRAFT WITH MANUFACTURER'S SERIAL NUMBER 956 DATED 9 MARCH 2012 BETWEEN THE
CHARGOR. DVB BANK SE.. LONDON BRANCH, AS SECURITY TRUSTEE (THE "SECURITY
TRUSTEE") AND INVESTEC BANK PLC. IRISH BRANCG AS ACCOUNT BANK (THE
"VARIABLE RENT ACCOUNT CHARGE"), THE CHARGOR COVENANTED WITH THE
SECURITY TRUSTEE THAT IT SHALL PAY OR DISCHARGE ALL OF THE .SECURED
OBLIGATIONS.(DEFINED TREMS HAVE THE MEANINGS GIVEN TO THEM IN THE ANNEX
ATTACHED TO FORM C1) |
||
|
Mortgage
Type: |
A
charge on book debts of the company. A floating charge on the undertakings or
property of the company. |
||
|
Date
Charge Created: |
28/03/11 |
||
|
Date
Charge Registered: |
14/04/11 |
||
|
Date
Charge Satisfied: |
08/01/15 |
||
|
Status: |
FULLY
SATISFIED |
||
|
Person(s)
Entitled: |
WELLS
FARGO BANK NORTHWEST, NATIONAL ASSOCIATION(NOT IN ITS INDIVIDUAL CAPACITY BUT
SOLELY AS OWNER TRUSTEE |
||
|
Amount
Secured: |
|||
|
Details: |
THE
PAYMENT, PERFORMANCE AND DISCHARGE IN FULL OF THE SECURED OBLIGATIONS
PURSUANT TO THE INTERMEDIATE ASSIGNMENT DATED 31 MARCH 2011 IN RELATION TO
ONE (1) AIRBUS A330-200 AIRCRAFT WITH MANUFACTURER'S SERIAL NUMBER 956 (THE
"AIRCRAFT") BETWEEN THE ASSIGNOR AND WELLS FARGO BANK NORTHWEST,
NATIONAL ASSOCIATION NOT IN ITS INDIVIDUAL CAPACITY BUT SOLELY AS OWNER
TRUSTEE (THE "ASSIGNEE") (THE 'INTERMEDIATE ASSIGNMENT") (CAPITALISED
TERMS ARE DEFINED IN THE ANNEX ATTACHED TO FORM C1. |
||
Previous Director/Company Secretaries
|
Name |
Current
Active Appointments |
Previous
Appointments |
Dissolved
Companies |
|
MARGARET
DENISE CLANDILLON |
19 |
51 |
50 |
|
MARGARET
DENISE CLANDILLON |
19 |
51 |
50 |
|
PAUL
FREDRICK NEWRICK |
0 |
2 |
2 |
|
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 67.22 |
|
|
1 |
INR 90.87 |
|
Euro |
1 |
INR 80.87 |
|
Euro |
1 |
INR 80.52 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
|
|
|
|
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.