MIRA
INFORM REPORT
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Report Date : |
16.03.2013 |
IDENTIFICATION DETAILS
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Name : |
TATA STEEL |
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Registered Office : |
Narrow Strip, Sheffield Road, Rotherham |
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Country : |
United Kingdom |
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Date of Incorporation : |
01.01.2002 |
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Legal Form : |
Not Available |
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Line of Business : |
Manufacture of basic iron and steel and of ferro-alloys |
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No. of Employees : |
120 |
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 : |
Undetermined |
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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 |
COMPANY NAME & ADDRESS
TATA STEEL
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Trading Address |
NARROW STRIP, SHEFFIELD ROAD |
Senior Executive |
MR CAHEL FERGUSON |
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ROTHERHAM |
Position |
COMMERCIAL MANAGER |
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SOUTH YORKSHIRE |
Date At Address |
01/01/2002 |
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Post Code |
S60 1BN |
Number of Employees |
120 |
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Telephone Number |
01709 377113 - View Details |
Premises Type |
Manufacturing |
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TPS |
N |
Business Classification |
STEEL MANUFACTURERS OF |
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Fax Number |
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SIC03 |
27100 |
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FPS |
N |
SIC03 Description |
Manufacture of basic iron and steel and of ferro-alloys
(ECSC) |
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Website Address |
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Commentary
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No exact match CCJs are recorded against the company. |
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The company's credit rating has increased from 40 to 50
which indicates it is creditworthy. |
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The business has 120 employee(s). |
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The business has been at the address for over 10 years. |
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Bankruptcy
Information
Exact Name &
Address
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Bankrupt |
No |
Exact Address Match
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Bankrupt |
No |
Exact Name Match
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Bankrupt |
No |
CCJ Details
Exact CCJ Details
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No CCJ`s Found |
Possible Address
CCJ Details
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No CCJ`s Found |
Possible Name CCJ
Details
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No CCJ`s Found |
Other Non Limited
Companies which match this Company Name & Address - 3 Results
found
|
BRINSWORTH STRIP MILLS ROTHERHAM SOUTH YORKSHIRE |
S60 1BN |
|
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BRINSWORTH STRIP MILLS ROTHERHAM SOUTH YORKSHIRE |
S60 1BN |
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TATA BRINSWORTH STRIP MILLS ROTHERHAM SOUTH YORK |
S60 1BN |
Other Non Limited
Companies which match this Company Name - 40 Results found
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TEESIDE BEAM MILL BLAYDON-ON-TYNE TYNE AND WEAR |
NE21 5SS |
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UNIT 4 SYMONDSCLIFFE WAY PORTSKEWETT CALDICOT GWEN |
NP26 5PW |
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SHAPFELL LIMESTONE QUARRIES SHAP PENRITH CUMBRIA C |
CA10 3QG |
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BRINSWORTH STRIP MILLS ROTHERHAM SOUTH YORKSHIRE |
S60 1BN |
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11 OLDFIELD LANE LEEDS WEST YORKSHIRE LS12 4DH |
LS12 4DH |
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BLACKVEIN INDUSTRIAL ESTATE CROSS KEYS NEWPORT GWE |
NP11 7YD |
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JOY HOUSE BESTWOOD BUSINESS PARK PARK ROAD BESTWOO |
NG6 8TQ |
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CROWTHORNE ENTERPRISE CENTRE CROWTHORNE BUSINESS E |
RG45 6AW |
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BROCKHURST CRESCENT WALSALL WEST MIDLANDS WS5 4A |
WS5 4AX |
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STATION ROAD SOUTH DARENTH DARTFORD KENT DA4 9LD |
DA4 9LD |
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Company Address |
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Company Name |
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House Name / Number |
Telephone Number |
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Street |
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Locality |
if you would like to search by an alternative company
address or telephone number, please do so |
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City / Town |
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Post Code |
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TATA STEEL
This company has been matched to
SIC Code 2710 classified as Manufacture of basic iron and steel and of
ferro-alloys (ECSC)
There are 951 companies within this classification.
Average Credit
Rating
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SIC03 |
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Newly Incorporated |
Small Companies |
Medium to Large Companies |
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2710 |
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8Average Credit
Limit
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SIC03 |
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Newly Incorporated |
Small Companies |
Medium to Large Companies |
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2710 |
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£100 |
£16,338 |
£775,678 |
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Total number &
value of CCJ’s in this SIC03
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SIC03 |
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CCJ`s |
Value |
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2710 |
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150 |
£689,839 |
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Total number of
Negative Events in this SIC03
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SIC03 |
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Bankruptcy |
Administration |
Liquidation |
Wound Up |
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2710 |
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0 |
13 |
68 |
0 |
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
|
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%)