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Report Date : |
13.06.2013 |
IDENTIFICATION DETAILS
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Name : |
OCEANDALE (UK) LIMITED |
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Registered Office : |
1A Totterdown Street, London, SW17 8TB. |
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Country : |
United Kingdom |
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Date of Incorporation : |
15.05.2013 |
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Com. Reg. No.: |
08530555 |
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Legal Form : |
Private Limited |
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Line of Business : |
Not Available |
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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 |
|
|
-- |
NB |
New Business |
-- |
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Status : |
New Company |
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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 |
|
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
|
Subject Reported on |
OCEANDALE (UK) LIMITED |
|
Registration Number |
08530555 |
|
Legal Form |
Private Limited |
|
Registration Number |
08530555 |
|
Subject Status |
Trading |
|
Date of Incorporation |
15/05/2013 |
|
Registered Office |
1A TOTTERDOWN STREET, LONDON, SW17 8TB. |
|
Accounting Reference Date |
31/05 |
|
Search History Summary |
|
Last 3 Months |
Last 6 Months |
Last 12 Months |
|
0 |
0 |
0 |
|
Search History Details |
|
|
|
The Search History Details shows details of the most recent 40
searches |
|
Summary of CCJ's/Scottish Decrees |
|
No CCJs/Scottish Decrees are recorded in
our file. |
|
Date |
Source |
Description |
|
15/05/2013 |
Companies House Gazette |
Certificates of new Incorporation |
|
Director |
MR ROHIT MEHTA |
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Service Address |
1A TOTTERDOWN STREET, LONDON, SW17 8TB. |
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Country of Origin |
UNITED KINGDOM |
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Date of Birth |
31/01/1959 |
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Appointment Date |
15/05/2013 |
|
Other Directorships |
D.L. ELECTRICAL SUPPLIES (MITCHAM) LIMITED, ABBEYNET ENTERPRISES
LIMITED |
|
|
|
|
Service Address |
1A TOTTERDOWN STREET, LONDON, SW17 8TB. |
|
Country of Origin |
UNITED KINGDOM |
|
Date of Birth |
17/05/1952 |
|
Appointment Date |
15/05/2013 |
|
Shares |
Ordinary GBP 1.00 |
|
Issued Number |
1,000 |
|
Principal Shareholder |
500 Rohit Mehta |
|
|
500 Sharadkumar Amritlal Bhatt |
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The above reflects the principle shareholder(s) by number of shares
held, irrespective of share classification type. |
|
No accounts filed since inception. We anticipate that accounts will be
filed at Companies House and available for inspection within 22 months from
the date of incorporation. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.27 |
|
|
1 |
Rs.91.16 |
|
Euro |
1 |
Rs.77.50 |
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 |
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.