MIRA
INFORM REPORT
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Report Date : |
20.04.2013 |
IDENTIFICATION DETAILS
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Name : |
TOUCH 14 LIMITED |
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Registered Office : |
26 Ives Street Knightsbridge London SW3 2ND |
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Country : |
United Kingdom |
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Date of Incorporation : |
06.09.2011 |
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Com. Reg. No.: |
07763755 |
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Legal Form : |
Private limited with Share Capital |
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Line of Business : |
Not Available |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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United Kingdom |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
UNITED KINGDOM - ECONOMIC OVERVIEW
The UK, a leading trading power and financial center, is the
second largest economy in Europe after Germany. Over the past two decades, the
government has greatly reduced public ownership and contained the growth of
social welfare programs. 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 and the UK became
a net importer of energy in 2005. Services, particularly banking, insurance,
and business services, account by far for the largest proportion of GDP while
industry continues to decline in importance. After emerging from recession in
1992, Britain's economy enjoyed the longest period of expansion on record during
which time growth outpaced most of Western Europe. In 2008, however, the global
financial crisis hit the economy particularly hard, due to the importance of
its financial sector. Sharply declining home prices, high consumer debt, and
the global economic slowdown compounded Britain'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; these include nationalizing parts
of the banking system, temporarily cutting taxes, suspending public sector
borrowing rules, and moving forward public spending on capital projects. Facing
burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition
government (between Conservatives and Liberal Democrats) initiated a five-year
austerity program, which aimed to lower London's budget deficit from over 10%
of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the
Exchequer George OSBORNE announced additional austerity measures through 2017
because of slower-than-expected economic growth and the impact of the euro-zone
debt crisis. The CAMERON government raised the value added tax from 17.5% to
20% in 2011. It has pledged to reduce the corporation tax rate to 21% by 2014.
The Bank of England (BoE) implemented an asset purchase program of up to £375
billion (approximately $605 billion) as of December 2012. During times of
economic crisis, the BoE coordinates interest rate moves with the European
Central Bank, but Britain remains outside the European Economic and Monetary
Union (EMU). In 2012, weak consumer spending and subdued business investment
weighed on the economy. GDP fell 0.1%, and the budget deficit remained
stubbornly high at 7.7% of GDP. Public debt continued to increase.
Source
: CIA
REGISTERED NAME & COMPANY
SUMMARY
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Company Name |
TOUCH 14 LIMITED |
Company Number |
07763755 |
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Registered
Address |
26 IVES STREET |
Trading Address |
26 Ives Street |
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KNIGHTSBRIDGE |
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LONDON |
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SW3 2ND |
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Website Address |
- |
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Telephone Number
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- |
Fax Number |
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TPS |
- |
FPS |
No |
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Incorporation
Date |
06/09/2011 |
Company Status |
Active - Newly Incorporated |
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Previous Name |
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Type |
Private limited with Share Capital |
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Date of Change |
- |
Filing Date of
Accounts |
- |
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Share Capital |
- |
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SIC03 |
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Currency |
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SIC03 Description
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SIC07 |
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SIC07
Description |
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Principal
Activity |
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DIRECTORS/MANAGEMENT
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Total Current Directors |
1 |
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Total Current Secretaries |
0 |
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Total Previous Directors / Company Secretaries |
1 |
Current Directors
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Name |
Date of Birth |
08/11/1979 |
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|
Officers Title |
Mr |
Nationality |
British |
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Present
Appointments |
1 |
Function |
Director |
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Appointment Date |
06/09/2011 |
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Address |
11 Laura Place, Bath, BA2 4BL |
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Previous Director/Company
Secretaries
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Name |
Current
Directorships |
Previous
Directorships |
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2 |
1 |
NEGATIVE INFORMATION
CCJ
|
Total Number of
Exact CCJs - |
Total Value of
Exact CCJs - |
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Total Number of
Possible CCJs - |
Total Value of
Possible CCJs - |
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Total Number of
Satisfied CCJs - |
Total Value of
Satisfied CCJs - |
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Total Number of
Writs - |
- |
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Exact
CCJ Details
|
Date |
Court |
Amount |
Status |
Case Number |
Date Paid |
|
13/03/2013 |
NORTHAMPTON CCBC |
£208 |
Judgement |
3QT24328 |
- |
Possible CCJ Details
There are no possible CCJ details
Writ Details
There are no writ details
Mortgage Summary
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Outstanding |
0 |
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Satisfied |
0 |
SHARE & SHARE CAPITAL
INFORMATION
N/a
PAYMENT INFORMATION
Payment Information Summary
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Days Beyond Terms |
Trend Indicator |
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||||
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Steady |
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GROUP STRUCTURE & AFFILIATED
COMPANIES
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Group |
- |
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Linkages |
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Countries |
Summary
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Holding Company |
- |
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Ownership Status
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Ultimate Holding
Company |
- |
Group structure
No group structure
FINANCIAL INFORMATION
Key Financials
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No key Financials Registered |
Creditor Details
|
No Creditor Data |
Trade Debtors / Bad Debt
Detail
|
No Debtor Data |
FOREIGN EXCHANGE RATES
N/a
ADDITIONAL INFORMATION
*Status History
|
Date |
Description |
|
16/04/2013 |
Compulsory strike off cancelled |
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01/02/2013 |
Suspension of striking off letter |
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17/01/2013 |
Dissolution (First Gazt) |
Event History
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Date |
Description |
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19/07/2012 |
Change in Reg.Office |
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19/07/2012 |
Change of Company Postcode |
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15/02/2012 |
Ms J. Zapico has left the board |
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08/09/2011 |
New Board Member Mr P.H. Sackey appointed |
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08/09/2011 |
New Board Member Ms J. Zapico appointed |
Previous Company Names
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No Previous Names found |
NOTES & COMMENTS
Commentary
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CCJ recorded against the company. |
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No recent changes in directorship are recorded. |
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The company is not part of a group. |
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Newer companies are proven to be more of an insolvency risk than more
established companies. |
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The company has changed its registered address recently. |
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The company was established over 18 months ago. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.03 |
|
|
1 |
Rs.82.43 |
|
Euro |
1 |
Rs.70.49 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.