MIRA
INFORM REPORT
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Report Date : |
24.04.2013 |
IDENTIFICATION DETAILS
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Name : |
S JEWELLERS LTD |
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Registered Office : |
37 St Peters Avenue Caversham Reading RG4 7DH |
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Country : |
United Kingdom |
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Date of Incorporation : |
05.10.2012 |
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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 : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Business |
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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) |
|
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 |
S JEWELLERS LTD |
Company Number |
08242073 |
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Registered Address |
37 ST PETERS AVENUE |
Trading Address |
37 St. Peters Avenue |
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CAVERSHAM |
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READING |
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RG4 7DH |
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Trading
Address |
253 Kings Road, Rayners Lane, Harrow Middlesex, HA2 9LG, United Kingdom |
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Website Address |
- |
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Telephone Number |
- |
Fax Number |
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TPS |
- |
FPS |
No |
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Incorporation Date |
05/10/2012 |
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
Current Directors
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Name |
Date of Birth |
01/07/1994 |
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Officers Title |
Mrs |
Nationality |
British |
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Present Appointments |
1 |
Function |
Director |
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Appointment Date |
05/10/2012 |
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Address |
88 Breamore Road,
Ilford, Essex, IG3 9NJ |
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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
There are no exact CCJ
details
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 Improving Worsening |
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GROUP STRUCTURE & AFFILIATED
COMPANIES
Statistics
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Group |
- |
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Linkages |
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Countries |
Group structure
No group structure.
FINANCIAL INFORMATION
Key Financials
|
No key Financials
Registered. |
FOREIGN EXCHANGE RATES
N/a
ADDITIONAL INFORMATION
Status History
|
No Status History found. |
Event History
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Date |
Description |
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09/10/2012 |
New Board Member Mrs P.K.
Bassi appointed |
Previous Company Names
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No Previous Names found. |
NOTES & COMMENTS
Commentary
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No exact match CCJs are
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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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.30 |
|
|
1 |
Rs.82.88 |
|
Euro |
1 |
Rs.70.80 |
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.