MIRA INFORM REPORT

 

 

Report Date :

30.07.2013

 

IDENTIFICATION DETAILS

 

Name :

the metal centre

 

 

Registered Office :

Western Way Wednesbury West Midlands WS10 7BW

 

 

Country :

United Kingdom

 

 

Date of Incorporation :

20.09.2012

 

 

Legal Form :

Not Available

 

 

Line of Business :

Wholesale of metals and metal ores

 

 

No. of Employees :

140

 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Undetermined

Payment Behaviour :

Unknown

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

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

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

 

Company name and address

 

THE METAL CENTRE

Trading Address          WESTERN WAY                        Senior Executive          MR CHRIS MERIDITH

WEDNESBURY                         Position                      GENERAL MANAGER

WEST MIDLANDS                     First Known                 20/09/2012

Post Code                    WS10 7BW                              Number of Employees 140

Telephone Number       0121 352 7200 - View Details      Premises Type             Warehouses & Wholesalers

TPS                              N                                              Business Classification STEEL STOCKHOLDERS

Fax Number                                                                 SIC03                           51520

FPS                              N                                              SIC03 Description Wholesale of metals and metal ores

 

Website Address http://www.themetalcentre.com

 

 

Commentary

 

No exact match CCJs are recorded against the company.

The business has 140 employee(s).

 

Bankruptcy Information

 

Exact Name & Address

Bankrupt          No

 

Exact Address Match

Bankrupt          No

 

Exact Name Match

Bankrupt          No

 

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

 

Other Non Limited Companies which match this Company Name & Address - 2 Results found

 

Company Name                        Address                                                                                   Postcode

THE METAL CENTRE    WESTERN WAY WEDNESBURY WEST MIDLANDS WS10 7BW             WS10 7BW

THE METAL CENTRE    WESTERN WAY WEDNESBURY WEST MIDLANDS WS10 7BW WS10 7BW

 

 

Other Companies which match this Company Address - 5 Results found

 

Company Name                        Company Number        Address                                   Postcode

ALUCAST GROUP LIMITED       02902292                      WEDNESBURY,WS10 7BW       WS10 7BW

ALUCAST LIMITED                    04881298                      WEDNESBURY, WS10 7BW      WS10 7BW

FARRELLYS METAL

POLISHERS LIMITED                04569768                      UNIT 5, WEDNESBURY, WS10 7BW WS10 7BW

MACBETH 24 LIMITED              00651942                     WEDNESBURY, WS10 7BW      WS10 7BW

SHEET TECH 2009 LIMITED      06765316                      UNIT 17, WEDNESBURY, WS10 7BW WS10 7BW

 

Other Non Limited Companies which match this Company Name - 3 Results found

 

Company Name            Address                                                                                               Postcode

THE METAL CENTRE    ADAM SQUARE BRUCEFIELD INDUSTRIAL ESTATE LIVINGSTO           EH54 9DE

THE METAL CENTRE    WESTERN WAY WEDNESBURY WEST MIDLANDS WS10 7BW             WS10 7BW

THE METAL CENTRE    WESTERN WAY WEDNESBURY WEST MIDLANDS WS10 7BW WS10 7BW

 

Directors last filed addresses which have been matched to this company’s postcode - 1 Result found

 

Company Name                                    Address                       Postcode

Andrew Clark                                         Unit 3 Western Way       WS10 7BW

 

Company Address

Company Name

THE METAL CENTRE

 

House Name / Number               Telephone Number

0121 352 7200

Street

Locality                                     if you would like to search by an alternative company address or telephone number, please do so

City / Town

WEDNESBURY

 

Post Code

WS10 7BW

 

This company has been matched to SIC Code 5152 classified as Wholesale of metals and metal ores

There are 818 companies within this classification.

 

Total number & value of CCJ’s in this SIC03

SIC03               CCJ`s               Value

5152                 100                   £672,891

 

Total number of Negative Events in this SIC03

SIC03               Bankruptcy                    Administration               Liquidation                    Wound Up

5152                 0                                  3                                  41                                 0

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.59.29

UK Pound

1

Rs.91.18

Euro

1

Rs.78.71

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

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

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

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.