MIRA INFORM REPORT
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Report Date : |
16.03.2013 |
IDENTIFICATION DETAILS
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Name : |
SNORKEL UK LIMITED |
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Registered Office : |
Heathrow Business Centre, 65 High Street, Egham |
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Country : |
United Kingdom |
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Date of Incorporation : |
16.02.2012 |
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Com. Reg. No.: |
07952524 |
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Legal Form : |
Private limited with Share Capital |
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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 |
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-- |
NB |
New Business |
-- |
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Status : |
New Company |
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Payment Behaviour : |
--- |
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Litigation : |
--- |
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 (31.03.2012) |
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 |
SNORKEL UK LIMITED |
Company Number |
07952524 |
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Registered Address |
HEATHROW BUSINESS CENTRE |
Trading Address |
Heathrow Business Centre |
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65 HIGH STREET |
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EGHAM |
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TW20 9EY |
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Website Address |
- |
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Telephone Number |
- |
Fax Number |
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TPS |
- |
FPS |
No |
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Incorporation Date |
16/02/2012 |
Company Status |
Active - Newly Incorporated |
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Previous Name |
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Type |
Private limited with Share Capital |
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Date of Change |
- |
Filing Date of Accounts |
- |
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Share Capital |
- |
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SIC03 |
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Currency |
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SIC03 Description |
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SIC07 |
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SIC07 Description |
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Principal Activity |
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DIRECTORS/MANAGEMENT
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Total Current Directors |
1 |
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Total Current Secretaries |
0 |
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Total Previous Directors / Company Secretaries |
0 |
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Name |
Date of Birth |
09/01/1966 |
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Officers Title |
Mr |
Nationality |
British |
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Present Appointments |
1 |
Function |
Director |
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Appointment Date |
16/02/2012 |
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Address |
Lorentzweg 7-9, 5482 Tp Schijndel |
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Other Actions |
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Disqualified |
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Disqualified End Date |
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Disqualification Exception |
No |
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NEGATIVE INFORMATION
Commentary
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No exact match CCJs are recorded against the company. |
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There has been no significant change in the company's
credit limit. |
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No recent changes in directorship are recorded. |
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The company is not part of a group. |
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Newer companies are proven to be more of an insolvency
risk than more established companies. |
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CCJ
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Total Number of Exact CCJs - |
Total Value of Exact CCJs - |
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Total Number of Possible CCJs - |
Total Value of Possible CCJs - |
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Total Number of Satisfied CCJs - |
Total Value of Satisfied CCJs - |
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Total Number of Writs - |
- |
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Exact CCJ Details
There are no exact CCJ details
Possible CCJ Details
There are no possible CCJ details
Writ Details
There are no writ details
Exact CCJ Details
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No CCJs found |
Possible CCJs Details
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There are no possible CCJ details |
Writ Details
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No writs found |
SHARE & SHARE CAPITAL INFORMATION
Na
PAYMENT INFORMATION
Payment Information Summary
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Days Beyond Terms |
Trend Indicator |
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Steady Improving Worsening |
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Creditor Details
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No Creditor Data |
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Total Value |
- |
Trade Debtors / Bad Debt Detail
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No Debtor Data |
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Total Value |
- |
GROUP STRUCTURE & AFFILIATED COMPANIES
Statistics
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Group |
- |
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Linkages |
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Countries |
FINANCIAL
INFORMATION
Key Financials
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No key Financials Registered |
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
Mortgage Summary
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Outstanding |
0 |
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Satisfied |
0 |
Status History
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No Status History found |
Previous Company Names
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No Previous Names found |
Previous Director/Company Secretaries
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No Previous Director Details |
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.16 |
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|
1 |
Rs.81.74 |
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Euro |
1 |
Rs.70.50 |
INFORMATION DETAILS
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Report Prepared
by : |
PDT |
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.