MIRA INFORM REPORT

 

 

Report Date :           

06.12.2011

 

IDENTIFICATION DETAILS

 

Name :

MULTIABBEY TRADING LTD.

 

 

Registered Office :

Gould Street, Oldham, OL1 3LL

 

 

Country :

United Kingdom 

 

 

Date of Incorporation :

07.10.2002

 

 

Com. Reg. No.:

04555021

 

 

Legal Form :

Private Parent Company

 

 

Line of Business :

Wholesale of metals and metal ores

 

 

No. of Employees :

5 Persons

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

United Kingdom 

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


Company name & address 

 

Multiabbey Trading Ltd.

Gould Street

Oldham, OL1 3LL

United Kingdom

Tel:       0161 652 1222

Fax:      0161 652 0666

 

 

Synthesis     

 

Employees:                   5

Company Type:            Private Parent

Corporate Family:          1 Companies

Quoted Status:             Non-quoted Company

Incorporation Date:         07-Oct-2002     

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2010

Reporting Currency:       British Pound Sterling

Annual Sales:                NA

Total Assets:                 0.6

 

 

Business Description     

 

Wholesale of metals and metal ores.

 

Industry

Industry            Miscellaneous Capital Goods

ANZSIC 2006:    3322 - Metal and Mineral Wholesaling

NACE 2002:      5152 - Wholesale of metals and ores

NAICS 2002:     423520 - Coal and Other Mineral and Ore Merchant Wholesalers

UK SIC 2003:    5152 - Wholesale of metals and ores

US SIC 1987:    505 - Metals and Minerals, Except Petroleum

 

           

Key Executives   

 

Name

Title

Saikah Arif

Secretary

Stalin Cruz

Director

Mohammed Tariq

Director

 

 

Financial Summary    

 

FYE: 31-Dec-2010          USD (mil)

Key Figures    

Current Assets              0.14

Fixed Assets                 0.42

Total Liabilities               0.14

Net Worth                     0.16

 

Key Ratios

Current Ratio                 1.02

Acid Test                      0.50

 

Registered No.(UK): 04555021

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6475734

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6387123

                                           

Corporate Overview

 

Location

Gould Street

Oldham, OL1 3LL

Greater Manchester County

United Kingdom

Tel:       0161 652 1222

Fax:      0161 652 0666

Suggest Company URL

           

Sales GBP(mil):             NA

Assets GBP(mil):           0.4

Employees:                   5

Fiscal Year End:            31-Dec-2010

Industry:            Miscellaneous Capital Goods

           

Registered Address:

4 Thurland Road

Oldham, OL4 1PR

United Kingdom

 

Incorporation Date:         07-Oct-2002

Company Type:             Private Parent

Quoted Status:              Not Quoted

Registered No.(UK):       04555021

Director:                        Stalin Cruz


Contents

·         Industry Codes

·         Business Description

·         Financial Data

 

Industry Codes

 

ANZSIC 2006 Codes:

3322     -          Metal and Mineral Wholesaling

 

NACE 2002 Codes:

5152     -          Wholesale of metals and ores

 

NAICS 2002 Codes:

423520  -          Coal and Other Mineral and Ore Merchant Wholesalers

 

US SIC 1987:

505       -          Metals and Minerals, Except Petroleum

 

UK SIC 2003:

5152     -          Wholesale of metals and ores

 

Business Description

Wholesale of metals and metal ores.

 

More Business Descriptions

Wrought Iron Product Design and Production

 

Financial Data

Financials in:

GBP(mil)

 

Assets:

0.4

Current Assets:

0.1

 

Fixed Assets:

0.3

 

Long Term Debt:

0.2

 

Total Liabilities:

0.2

 

Issued Capital:

0.0

 

Working Capital:

0.0

 

Net Worth:

0.1

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

NA

 

 


 

Corporate Family

Corporate Structure News:

 

Multiabbey Trading Ltd.

Multiabbey Trading Ltd. 
Total Corporate Family Members: 1 

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

Multiabbey Trading Ltd.

Parent

Oldham

United Kingdom

Miscellaneous Capital Goods

 

5

 

 

 

 

Executive report

 

 

Board of Directors

 

Name

Title

Function

 

Stalin Cruz

 

Director

Director/Board Member

 

Mohammed Tariq

 

Director

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Saikah Arif

 

Secretary

Company Secretary

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.51.40

UK Pound

1

Rs.80.20

Euro

1

Rs.68.92

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

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 and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

 

 

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.