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Report Date : |
12.09.2012 |
IDENTIFICATION DETAILS
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Name : |
UNITED TRADEX LTD
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Registered Office : |
3 Tithe Lane
Wraysbury Staines, TW19 5NQ |
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Country : |
United Kingdom |
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Date of Incorporation : |
14.04.2010 |
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Com. Reg. No.: |
07222777 |
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Legal Form : |
Private Independent |
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Line of Business : |
Developing New Products like
fragrances, luxuriant hair and body products and other specialist items. |
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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
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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 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).
Source
: CIA
United Tradex Ltd
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Description
We work with leading specialists and
fragrance houses around the world to research and develop new products. Our
ranges include fragrances, luxuriant hair and body products and other
specialist items.
Industry
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Industry |
Personal
Services |
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ANZSIC 2006: |
9539 - Other
Personal Services Not Elsewhere Classified |
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NACE 2002: |
9305 - Other
service activities not elsewhere classified |
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NAICS 2002: |
812990 - All
Other Personal Services |
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UK SIC 2003: |
93059 - Other service
activities not elsewhere classified |
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UK SIC 2007: |
9609 - Other
personal service activities n.e.c. |
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US SIC 1987: |
7299 -
Miscellaneous Personal Services, Not Elsewhere Classified |
Key Executives
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1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6400078
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.5995383
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Executives
Report
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Annual Return
Date: 14 Apr 2012
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Individual Directors |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
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Current |
18 Sep 1959 |
Woodford Cottage 30 Queen Street, |
14 Apr 2010 |
NA |
Current:1 |
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Current |
03 Jan 1969 |
Palm Spring Society 3 Geet Govind, |
14 Apr 2010 |
NA |
Current:1 |
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Current |
17 Nov 1982 |
3 Tithe Lane, Wraysbury, |
13 Jun 2012 |
NA |
Current:2 |
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Previous |
20 Jul 1960 |
3 Tithe Lane, |
14 Apr 2010 |
30 Jun 2010 |
Current:0 |
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Corporate Directors |
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There are no corporate directors for this
company. |
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Individual Secretaries |
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There are no individual secretaries for
this company. |
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Corporate Secretaries |
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There are no corporate secretaries for this
company. |
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Individual Shareholders |
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Name |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
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David Arthur Keith Williams |
1 Ordinary GBP 1.00 |
Ordinary |
1 |
1.00 |
1.00 |
33.33 |
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Khadija Butt |
1 Ordinary GBP 1.00 |
Ordinary |
1 |
1.00 |
1.00 |
33.33 |
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Sadanand Pandey |
1 Ordinary GBP 1.00 |
Ordinary |
1 |
1.00 |
1.00 |
33.33 |
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Corporate Shareholders |
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There are no corporate shareholders for
this company. |
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Annual Balance Sheet |
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Financials in: USD (mil) |
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30-Apr-2011 |
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Filed Currency |
GBP |
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Exchange Rate |
0.599538 |
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Consolidated |
No |
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Cash and Equivalents |
0.0 |
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Other Current Assets |
0.0 |
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Total Current Assets |
0.0 |
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Total Assets |
0.0 |
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Trade Creditors |
0.0 |
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Bank Overdraft |
0.0 |
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Bank Loan Overdrafts |
0.0 |
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Total Short Term Loans |
0.0 |
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Other Current Liabilities |
0.0 |
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Total Current Liabilities |
0.0 |
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Working Capital |
0.0 |
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Total Long Term Loans |
0.0 |
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Other Long Term Liabilities |
0.0 |
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Total Long Term Liabilities |
0.0 |
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Issued Capital |
0.0 |
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Retained Earnings |
0.0 |
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Total Reserve |
0.0 |
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Total Shareholders Funds |
0.0 |
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Net Worth |
0.0 |
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Annual Ratios |
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30-Apr-2011 |
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Period Length |
12 Months |
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Filed Currency |
- |
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Exchange Rate |
- |
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Consolidated |
No |
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Current Ratio |
0.01 |
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Solvency Ratio |
-18,733.93% |
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Current Debt Ratio |
-1.01 |
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Long Term Debt Ratio |
0.00 |
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Total Debt Ratio |
-1.01 |
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Debt Asset Ratio |
18,833.93% |
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Financial Strength Ratio |
0.01 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.52 |
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1 |
Rs.88.85 |
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Euro |
1 |
Rs.70.85 |
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.