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Report Date : |
09.12.2013 |
IDENTIFICATION DETAILS
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Name : |
BRENTWOOD TRADING LIMITED |
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Registered Office : |
26 Lulworth Avenue Hounslow Middlesex TW5 0TZ |
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Country : |
United Kingdom |
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Date of Incorporation : |
10.05.2012 |
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Com. Reg. No.: |
08064641 |
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Legal Form : |
Private limited
with Share Capital |
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Line of Business : |
Supplier of non-ferrous scrap products |
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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 : |
-- |
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 – March 31st, 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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
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Telephone |
+44(0)203 086 9610 (Service number) |
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26 LULWORTH AVENUE |
Fax |
- |
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HOUNSLOW |
Website |
www.bt-gp.com |
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MIDDLESEX |
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TW5 0TZ |
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United Kingdom |
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Company Number: Foundation: |
08064641 10/05/2012 |
Status: |
Active - Newly Incorporated |
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Comments No exact match CCJs are recorded against the company. There has been no significant change in the company’s credit limit. The company has undergone recent changes in its directorships. The company is not part of a group. Newer companies are proven to be more of an insolvency risk than more established companies. The company has changed its registered address recently. The company has changed its registered name recently. The company was established over 18 months ago. |
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Private limited with Share Capital
10/05/2012
08064641
Date of Change Previous
Name
02/09/2013 OPTIMA
METAL TRADING LIMITED
Name Currency
number of shares share type Nominal value
Kamal Deep Sandhu GBP 10 Ordinary 1
Total share capital GBP 10
Directors
Name Address
Date of birth Nationality Appointment
Date
Kamal Deep Sandhu 26 Lulworth Avenue,
08/08/1978 British 08/11/2013
Hounslow, Middlesex
TW5 0TZ
Mrs Harbans Kaur 26 Lulworth Avenue, 04/05/1925
British 11/10.2014
Sandhu Hounslow,
Middlesex
TW5 0TZ
26 Lulworth Avenue, Hounslow, Middlesex TW5 0TZ
Main Activity
SIC03 Other
Services activities
SIC07 Other
Services activities
Turnover and Employees
Turnover Employees
Not Stated Not
Stated
Company history
Date Action
14/05.2012 New
Board Member Mr. R Tour appointed
14/05/2012 New
company Secretary Mr. R Tour appointed
19/08/2013 Mr. R
Tour has left the board
19/08/2013 Mr. R
Tour has resigned
19/08/2013 New
company Secretary Mr. K. Sandhu appointed
19/08/2013 New
Board member Mr. K. Sandhu appointed
23/08/2013 Annual
returns
04/09/2013 Change
of name
12/.09/2013 Change
in Reg. Office
12/09/2013 Change
of company Postcode
01/11/2013 Annual
returns
27/11/2013 Mr.
K. Sandhu has resigned
27/11/2013 New
Board Member Mrs. H K Sandhu has appointed
There are no County Court Judgments listed
against this company
No financial statement filed.
No trading details have yet been published. The first financial statement is due to be filed by 10.02.2014.
We have been unable to locate and contact this company. The telephone number and address given only
appears to be used for accommodation purposes. There are over 100 companies registered at this address.
The registered office address is the private residence of the principals. There are no public contact details
for this address. Remains to be seen how it develops.
Activity: Supplier of non-ferrous scrap products
Trading Address (not confirmed): 29th Floor, One Canada Square Canary Wharf, London, E14 5DY
Branches: None
Employees: N/A
Bank: N/A
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.67 |
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1 |
Rs.100.65 |
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Euro |
1 |
Rs.84.25 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.