MIRA
INFORM REPORT
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Report Date : |
02.02.2013 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Unit 10 Rectory Farm Business Park,
Meppershall Road |
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Country : |
United Kingdom |
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Date of Incorporation : |
26.04.2011 |
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Legal Form : |
Not Available |
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Line of Business : |
Manufacture Electronic Equip for
Measuring/Testing/Navigating |
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No. of Employees : |
3 |
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 (31.03.2012) |
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 third largest economy in Europe after Germany and France. 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 aims 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 23% by 2015. The Bank of England (BoE) implemented an asset purchase program of up to £325 billion (approximately $525 billion) as of February 2011. 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).
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Source : CIA |
REGISTERED NAME & COMPANY
SUMMARY
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COMPANY NAME |
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Trading Address |
UNIT 10 RECTORY
FARM BUSINESS PARK, MEPPERSHALL ROAD |
Senior Executive |
MR MIKE SMURTHWAITE |
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HENLOW |
Position |
MANAGER |
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BEDFORDSHIRE |
First Known to Creditsafe |
26/04/2011 |
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Post Code |
SG16 6LJ |
Number of Employees |
3 |
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Telephone Number |
01462 816966 |
Premises Type |
Manufacturing |
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TPS |
Y |
Business Classification |
SCIENTIFIC MACHINERY AND INSTRUMENT
MANUFACTURERS |
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Fax Number |
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SIC03 |
33201 |
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FPS |
N |
SIC03 Description |
MANUFACTURE
ELECTRONIC EQUIP FOR MEASURING/TESTING/NAVIGATING |
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Website Address |
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DIRECTORS/MANAGEMENT
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Senior Executive |
MR MIKE SMURTHWAITE |
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Position |
MANAGER |
NEGATIVE INFORMATION
Bankruptcy Information
Exact Name & Address
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Bankrupt |
No |
Exact Address Match
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Bankrupt |
No |
Exact Name Match
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Bankrupt |
No |
CCJ Details
Exact CCJ Details
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Date |
Court |
Amount |
Status |
Case Number |
Date Paid |
|
13/12/2009 |
NORTHAMPTON CCBC |
£111 |
Judgement |
9QZ55643 |
- |
Possible Address CCJ Details
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No CCJ`s Found |
Possible Name CCJ Details
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No CCJ`s Found |
SHARE & SHARE CAPITAL
INFORMATION
Na
PAYMENT INFORMATION
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Days Beyond Terms |
Trend Indicator |
Average
Payment Experience |
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||||
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Steady   Improving Worsening |
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There is currently no payment data for this
company. |
GROUP STRUCTURE & AFFILIATED
COMPANIES
Na
FINANCIAL INFORMATION
Na
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
Commentary
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The business has an exact match CCJ. |
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The company's credit rating has dropped from
38 to 16 which puts the company in a discretionary Credit banding. |
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The business has 3 employee(s). |
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Other Limited Companies which match this Company Name & Address - 0 Results
found
Other Non Limited Companies which match this Company Name & Address
- 1
Result found
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UNIT 10 RECTORY FARM BUSINESS PARK UPPER
STONDON H |
SG16 6LJ |
Other Companies which match this Company Address - 0 Results
found
Other Limited Companies which match this Company Name - 0 Results
found
Other Non Limited Companies which match this Company Name - 1 Result
found
|
UNIT 10 RECTORY FARM BUSINESS PARK UPPER
STONDON H |
SG16 6LJ |
Directors last filed addresses which have been matched to this
company’s postcode - 0 Results found
Other Companies that match this Telephone Number - 0 Results
found
This company has been matched to SIC Code 3320 classified as
MANUFACTURE ELECTRONIC EQUIP FOR MEASURING/TESTING/NAVIGATING There are 1686
companies within this classification.
Total number & value of CCJ’s in this SIC03
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SIC03 |
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CCJ`s |
Value |
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3320 |
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100 |
£286,752 |
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Total number of Negative Events in this SIC03
|
SIC03 |
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Bankruptcy |
Administration |
Liquidation |
Wound Up |
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3320 |
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0 |
4 |
57 |
0 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.32 |
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|
1 |
Rs.84.60 |
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Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.