MIRA
INFORM REPORT
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Report Date : |
06.07.2013 |
ENTIFICATION DETAILS
|
Name : |
CEFCO DIVISION |
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Registered Office : |
Unit 1 Railway Court, Ten Pound Walk Doncaster South Yorkshire DN4 5HX |
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Country : |
United Kingdom |
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Date of Incorporation : |
18.08.2010 |
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Legal Form : |
Not Available |
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Line of Business : |
Electrical Wholesalers |
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No. of Employees : |
50 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
United Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
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
CEFCO DIVISION
|
Trading Address |
UNIT 1 RAILWAY COURT, TEN POUND WALK |
Senior Executive |
MR NIGEL HALL |
|
|
DONCASTER |
Position |
REGIONAL OFFICE MANAGER |
|
|
SOUTH YORKSHIRE |
Date Incorporation |
18/08/2010 |
|
Post Code |
DN4 5HX |
Number of Employees |
50 |
|
Telephone Number |
01302 769996 |
Premises Type |
Warehouses & Wholesalers |
|
TPS |
N |
Business Classification |
ELECTRICAL WHOLESALERS |
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Fax Number |
|
SIC03 |
51439 |
|
FPS |
N |
SIC03 Description |
WHOLESALE RADIO/TV GOODS & ELECTRICAL
HOUSEHOLD APPLIANCES |
|
Website Address |
|
|
DIRECTORS/MANAGEMENT
Na
NEGATIVE INFORMATION
Bankruptcy Information
Exact Name & Address
|
Bankrupt |
No |
Exact Address Match
|
Bankrupt |
No |
Exact
Name Match
|
Bankrupt |
Yes |
CCJ Details
Exact CCJ Details
|
No CCJ`s Found |
Possible Address CCJ Details
|
No CCJ`s Found |
Possible Name CCJ Details
|
No CCJ`s Found |
SHARE & SHARE CAPITAL
INFORMATION
Na
PAYMENT INFORMATION
Payment
Information Summary
|
Days Beyond Terms |
Trend Indicator |
|
||||
|
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
|
No exact match CCJs
are recorded against the company. |
|
|
The business has 50 employee(s). |
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Other Non Limited Companies which match this
Company Name & Address - 1 Result found
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UNIT 1 RAILWAY COURT DONCASTER SOUTH
YORKSHIRE D |
DN4 5HX |
|
|
Other Non Limited Companies which match this
Company Name - 1
Result found
|
UNIT 1 RAILWAY COURT DONCASTER SOUTH
YORKSHIRE D |
DN4 5HX |
|
|
|
Company Address |
|
|
Company Name |
CEFCO DIVISION |
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House Name / Number |
Telephone Number |
|
Street |
UNIT 1 RAILWAY COURT |
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Locality |
if you
would like to search by an alternative company address or telephone number,
please do so TEN
POUND WALK |
|
City / Town |
DONCASTER |
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Post Code |
DN4 5HX |
This company has
been matched to SIC Code 5143 classified as
WHOLESALE RADIO/TV GOODS & ELECTRICAL HOUSEHOLD APPLIANCES
There are 2361 companies within this
classification.
Average Credit Rating
|
SIC03 |
|
Newly Incorporated |
Small Companies |
Medium to Large Companies |
|
|
5143 |
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|
|
|
|
9
Average Credit Limit
|
SIC03 |
|
Newly Incorporated |
Small Companies |
Medium to Large Companies |
|
|
5143 |
|
£120 |
£20,353 |
£549,274 |
|
T
otal number & value of CCJ’s in this
SIC03
|
SIC03 |
|
CCJ`s |
Value |
|
|
|
5143 |
|
451 |
£2,028,180 |
|
|
Total number of Negative Events in this SIC03
|
SIC03 |
|
Bankruptcy |
Administration |
Liquidation |
Wound Up |
|
5143 |
|
0 |
24 |
167 |
0 |
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.34 |
|
|
1 |
Rs.90.78 |
|
Euro |
1 |
Rs.77.81 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
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%)