3decades

MIRA INFORM REPORT

Report No. :	511239
Report Date :	25.05.2018

IDENTIFICATION DETAILS

Name :	KLAATU AIRCRAFT LEASING (IRELAND) LIMITED

Registered Office :	8 Fitzwilliam Place, Dublin 2, 662881

Country :	Ireland

Financials (as on) :	31.12.2016

Date of Incorporation :	24.05.2012

Com. Reg. No.:	IE513581

Legal Form :	Ltd - Private Company Limited By Shares

Line of Business :	· Financial intermediation not elsewhere classified · The arrangement of operating lease and sub-lease transactions to international airlines in Ireland and overseas. Accounts data converted from US Dollars. T/O = Revenue.

No. of Employees :	3 [2014]

RATING & COMMENTS

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

MIRA’s Rating :

Credit Rating

Explanation

Rating Comments

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)

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 Summary

Registered Address

8 Fitzwilliam Place
Dublin 2
662881

Trading Address

Website Address -

Company Number IE513581

Eircode -

VAT Number IE9830222C

Telephone Number -

Fax Number -

TPS -

FPS Yes

Incorporation Date 24/05/2012

Previous Name -

Type Ltd - Private Company Limited By Shares

FTSE Index -

Date of Change -

Filing Date of Accounts -

Currency EUR

Share Capital €1

SIC07 64999

Charity Number -

SIC07 Description Financial intermediation not elsewhere classified

Principal Activity The arrangement of operating lease and sub-lease transactions to international

airlines in Ireland and overseas. Accounts data converted from US Dollars. T/O = Revenue.

Nace Code -

Nace Description -

Additional Information

CJ's

0 (€0)

No CJ Information To Display

Ultimate Holding Company AIRCASTLE LIMITED

Accountant -

Mortgages 0

Group 31 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder	Funds Employees
31.12.2016	€36,358,977	€15,358,036	€59,827,522	-
31.12.2015	€18,315,258	€5,484,225	€20,758,254	-
31.12.2014	€19,131,713	-€1,506,215	€17,545,561	3

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.

Sales in the latest trading period increased 98.5% on the previous trading period.

Net Worth increased by 188.2% during the latest trading period.

A 106.5% growth in Total Assets occurred 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

Current Directors

Title		Function	Director
Name	SARAH CLARKIN	Nationality
Date of Birth	10/1972	Present Appointments	26
Latest Address	9 HOLLYBROOK ROAD, CLONTARF, DUBLIN 3	Appointment Date	24/05/2012
Eircode
Title		Function	Director
Name	PAUL GERARD O'CALLAGHAN	Nationality
Date of Birth	07/1972	Present Appointments	25
Latest Address	35 ANNA VILLA, RANELAGH, DUBLIN 6, D06 RW68	Appointment Date	04/07/2016
Eircode

Current Company Secretary

Title		Function	Company Secretary
Name	SARAH CLARKIN	Nationality
Date of Birth	10/1972	Present Appointments	42
Latest Address	9 HOLLYBROOK ROAD, CLONTARF, DUBLIN 3	Appointment Date	24/05/2012
Eircode

Authorised Person

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
AIRCASTLE ADVISOR (IRELAND) LTD	EUR	1	ORDINARY	1	100

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
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Turnover	€36,358,977	98.5%	€18,315,258	-4.3%	€19,131,713	15%	€16,639,842	310.5%	€4,053,997
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Cost of Sales	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Gross Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Wages & Salaries	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Directors Emoluments	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Operating Profit	€24,685,376	98.2%	€12,455,970	28%	€9,728,872	999.9%	-€412,101	-	-
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Depreciation	€10,044,371	86.9%	€5,373,912	-32.5%	€7,958,598	17%	€6,804,656	404.3%	€1,349,338
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Audit Fees	€12,728	25%	€10,183	-5.5%	€10,778	8.2%	€9,963	2.5%	€9,724
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Interest Payments	€9,327,340	33.8%	€6,971,746	-37.9%	€11,235,087	-0.5%	€11,296,109	300.5%	€2,820,595
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Pre Tax Profit	€15,358,036	180%	€5,484,225	464.1%	-€1,506,215	87.1%	-€11,708,210	-999.9%	-€436,814
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Taxation	-€1,280,473	1.7%	-€1,302,535	-999.9%	€120,353	-91.8%	€1,463,640	999.9%	€54,602
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Profit After Tax	€14,077,563	236.6%	€4,181,690	401.7%	-€1,385,861	86.5%	-€10,244,571	-999.9%	-€382,213
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Retained Profit	€14,077,563	236.6%	€4,181,690	401.7%	-€1,385,861	86.5%	-€10,244,571	-999.9%	-€382,213

Balance Sheet

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Tangible Assets	€344,093,321	126.6%	€151,849,303	4.1%	€145,869,316	-5.1%	€153,784,495	74.8%	€87,988,200
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Total Fixed Assets	€344,093,321	126.6%	€151,849,303	4.1%	€145,869,316	-5.1%	€153,784,495	74.8%	€87,988,200
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Stock	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Trade Debtors	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Cash	€26,648,937	999.9%	€721,274	132.1%	€310,763	-86.5%	€2,306,863	84.7%	€1,249,110
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Other Debtors	€395,092,455	93.9%	€203,723,299	25.5%	€162,324,511	27.3%	€127,469,778	59.6%	€79,865,246
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Miscellaneous Current Assets	€45,063,476	23.8%	€36,390,374	39.5%	€26,086,168	56.7%	€16,649,805	289.9%	€4,270,161
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Total Current Assets	€466,804,868	93.8%	€240,834,946	27.6%	€188,721,442	28.9%	€146,426,446	71.5%	€85,384,516
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Trade Creditors	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Other Short Term Finance	€569,556,654	105.1%	€277,734,454	53.5%	€180,897,568	1.6%	€177,968,965	86.7%	€95,302,599
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Miscellaneous Current Liabilities	€342,817	113.8%	€160,377	-94.4%	€2,845,372	999.9%	€9,963	-29.9%	€14,211
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Total Current Liabilities	€569,899,471	105.1%	€277,894,832	51.2%	€183,742,939	3.2%	€177,978,928	86.7%	€95,316,810
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	€181,171,196	92.7%	€94,031,164	-29.5%	€133,302,257	0.3%	€132,939,407	69.5%	€78,438,119
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Other Long Term Finance	€133,436,461	145.7%	€54,309,355	-47.8%	€103,983,610	-10%	€115,585,859	56.6%	€73,811,924
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Total Long Term Liabilities	€181,171,196	92.7%	€94,031,164	-29.5%	€133,302,257	0.3%	€132,939,407	69.5%	€78,438,119

Capital & Reserves

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Called Up Share Capital	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	P & L Account Reserve	€6,918,286	196.6%	-€7,159,277	40.4%	-€12,003,912	-12.1%	-€10,707,393	-999.9%	-€382,213
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Sundry Reserves	€52,909,236	89.5%	€27,917,530	-5.5%	€29,549,474	-	-	-	-
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Shareholder Funds	€59,827,522	188.2%	€20,758,254	18.3%	€17,545,561	263.9%	-€10,707,393	-999.9%	-€382,213

Other Financial Items

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Net Worth	€59,827,522	188.2%	€20,758,254	18.3%	€17,545,561	263.9%	-€10,707,393	-999.9%	-€382,213
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Working Capital	-€103,094,603	-178.2%	-€37,059,885	-844.4%	€4,978,503	115.8%	-€31,552,481	-217.7%	-€9,932,294
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Total Assets	€810,898,189	106.5%	€392,684,249	17.4%	€334,590,758	11.5%	€300,210,942	73.2%	€173,372,716
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Total Liabilities	€751,070,667	101.9%	€371,925,996	17.3%	€317,045,196	2%	€310,918,334	78.9%	€173,754,929
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Net Assets	€59,827,522	188.2%	€20,758,254	18.3%	€17,545,561	263.9%	-€10,707,393	-999.9%	-€382,213

Cash Flow

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	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
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Capital Employed	€240,998,718	109.9%	€114,789,418	-23.9%	€150,847,818	23.4%	€122,232,014	56.6%	€78,055,906
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Number of Employees	-	-	-	-	3	-	3	-	-
	Accountants
	Auditors	ERNST & YOUNG
	Auditor Comments	The audit report contains no adverse comments
	Bankers	CITIBANK EUROPE PLC
	Bank Branch Code	99-00-51

Ratios

	Date Of Accounts	31/12/16	31/12/15	31/12/14	31/12/13	31/12/12
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Pre-tax profit margin %	42.24	29.94	-7.87	-70.36	-10.77
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Current ratio	0.82	0.87	1.03	0.82	0.90
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Sales/Net Working Capital	-0.35	-0.49	3.84	-0.53	-0.41
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Gearing %	302.80	453	759.70	-1241.60	-20522.10
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Equity in %	7.40	5.30	5.20	-3.60	-0.20
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Creditor Days	-	-	-	-	-
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Debtor Days	-	-	-	-	-
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Liquidity/Acid Test	0.81	0.86	1.02	0.82	0.89
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Return On Capital Employed %	6.37	4.77	-0.99	-9.57	-0.55
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Return On Total Assets Employed %	1.89	1.39	-0.45	-3.89	-0.25
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Current Debt Ratio	9.52	13.38	10.47	-16.62	-249.38
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Total Debt Ratio	12.55	17.91	18.06	-29.03	-454.60
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	-
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\barchart-grey.png$	Return on Net Assets Employed %	25.67	26.41	-8.58	109.34	114.28

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
13/04/2018	ALEXANDER ADLER GREEN has left the board
17/10/2017	Annual Returns
17/10/2017	New Accounts Filed
17/10/2017	New Accounts Filed
24/12/2016	Annual Returns
29/09/2016	Annual Returns
14/09/2016	New Accounts Filed
14/09/2016	New Accounts Filed
04/07/2016	JANE O'CALLAGHAN has left the board
04/07/2016	New Board Member (PAUL GERARD O'CALLAGHAN) appointed
18/03/2016	Annual Returns
07/11/2015	New Accounts Filed
07/11/2015	New Accounts Filed
06/11/2015	Annual Returns
05/09/2014	Annual Returns

Previous Company Names

No Previous Names found

Received Documents

Writ Details

No writs found

Statistics

Group	31 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	AIRCASTLE ADVISOR (IRELAND) LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	AIRCASTLE LIMITED

Group StructureFull

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\tminus.gif$ AIRCASTLE LIMITED	N/A	-	-
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\tminus.gif$ ACS AIRCRAFT FINANCE B...	N/A	-	-
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\L.gif$ ACS AIRCRAFT LEASING...	IE417427	-	N
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\tminus.gif$ ACS 2007-1 LTD	N/A	-	-
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\L.gif$ CONSTITUTION AIRCRAF...	IE435925	31.12.2016	N	€13,891,482
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\tminus.gif$ ACS 2008-1 LIMITED	N/A	-	-
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\T.gif$ CONSTITUTION AIRCRAF...	IE440878	31.12.2015	N	€17,603,942
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\L.gif$ CONSTITUTION AIRCRAF...	IE455041	31.12.2016	N	€12,183,430
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\tminus.gif$ AIRCASTLE INVESTMENT H...	N/A	-	-
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\tminus.gif$ CONSTITUTION AIRCRAF...	IE461285	31.12.2016	N	€115,026,165
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\T.gif$ DOLPHIN LEASING (I...	IE437132	31.12.2016	N	€2,485,968
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\L.gif$ PENGUIN LEASING (I...	IE437131	31.12.2016	N	€2,485,127
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\L.gif$ KELSTERBACH AIRCRAFT...	IE512983	-	N
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\tminus.gif$ AIRCASTLE INVESTMENT H...	N/A	-	-
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\L.gif$ ORCHARD AVIATION 415...	08754679	31.12.2016	N	£11,077,138
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\tminus.gif$ AYR DELAWARE LLC	N/A	-	-
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\tminus.gif$ AIRCASTLE ADVISOR (I...	IE407932	31.12.2016	N	€2,485,968
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\T.gif$ TEMPELHOF AIRCRAFT...	IE416739	31.12.2016	N	€16,467,436
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\T.gif$ ACS AIRCRAFT FINAN...	IE437045	31.12.2016	N	€2,811,431
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\T.gif$ ACS AIRCRAFT FINAN...	IE455595	31.12.2016	N	€2,330,986
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\T.gif$ BRISBANE AIRCRAFT...	08550939	31.12.2016	N	£7,622,226
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\tminus.gif$ CONSTITUTION AIRCR...	IE493077	31.12.2016	N	€4,406,557
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\L.gif$ EMER AIRCRAFT LEA...	IE423042	-	N
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\T.gif$ DUNVEGAN AIRCRAFT...	IE503919	31.12.2016	N	€4,839,060
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\T.gif$ KALE AIRCRAFT LEAS...	IE524880	31.12.2016	N	€4,817,194
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\T.gif$ KLAATU AIRCRAFT LE...	IE513581	31.12.2016	N	€36,358,977
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\T.gif$ KOALA AIRCRAFT LEA...	IE526826	31.12.2016	N	€11,620,990
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\T.gif$ MARROW AIRCRAFT LE...	IE524879	31.12.2016	N	€3,257,997
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\T.gif$ MELBOURNE AIRCRAFT...	10257389	31.12.2016	N	£549,433
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\T.gif$ SALMON AIRCRAFT LE...	IE538415	31.12.2016	N	€6,530,292
$Description: \\vivek-pc\E\KLAATU AIRCRAFT LEASING (IRELAND) LIMITED_files\L.gif$ SULACO AIRCRAFT LE...	IE491096	31.12.2016	N	€9,269,638

Previous Director/Company Secretaries

Name	Current Active Appointments	Previous Appointments	Dissolved Companies
JANE O'CALLAGHAN	0	25	16
ALEXANDER ADLER GREEN	2	11	3
DAVID WALTON	0	1	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 68.39
UK Pound	1	INR 91.44
Euro	1	INR 80.14
Euro	1	INR 79.70

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

INFORMATION DETAILS

Analysis Done by :	NIS

Report Prepared by :	TPT

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.