MIRA INFORM REPORT
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Report Date : |
17.05.2013 |
IDENTIFICATION DETAILS
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Name : |
MX IMPORT LIMITED |
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Registered Office : |
63 Greystoke Avenue, Pinner, Middlesex, Ha5 5sn |
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Country : |
United Kingdom |
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Date of Incorporation : |
08.11.2011 |
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Com. Reg. No.: |
07838315 |
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Legal Form : |
Private limited with Share Capital |
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Line of Business : |
Wholesaler of clothing & footwear |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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 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.
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Source : CIA |
REGISTERED NAME & COMPANY SUMMARY
Summary – Company
Information
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Company Name |
MX IMPORT LIMITED |
Company Number |
07838315 |
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Registered Address |
63 GREYSTOKE AVENUE PINNER MIDDLESEX HA5 5SN |
Trading Address |
63 Greystoke Avenue |
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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 |
08/11/2011 |
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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- |
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Share Capital |
£100 |
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SIC03 |
5142 |
Currency |
GBP |
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SIC03 Description |
WHOLESALE OF CLOTHING & FOOTWEAR |
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SIC07 |
46420 |
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SIC07 Description |
WHOLESALE OF CLOTHING AND FOOTWEAR |
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Principal Activity |
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DIRECTORS/MANAGEMENT
Directors
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Total Current Directors |
2 |
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Total Current Secretaries |
0 |
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Total Previous Directors / Company Secretaries |
0 |
Current Directors
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Name |
Date of Birth |
07/09/1954 |
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Officers Title |
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Nationality |
Indian |
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Present Appointments |
1 |
Function |
Director |
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Appointment Date |
08/11/2011 |
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Address |
63 Greystoke Avenue, Pinner, Middlesex, HA5 5SN |
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Name |
Date of Birth |
23/12/1954 |
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Officers Title |
Ms |
Nationality |
Indian |
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Present Appointments |
1 |
Function |
Director |
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Appointment Date |
08/11/2011 |
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Address |
63 Greystoke Avenue, Pinner, Middlesex, HA5 5SN |
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NEGATIVE INFORMATION
CCJ
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Total Number of Exact
CCJs - |
0 |
Total Value of Exact
CCJs - |
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Total Number of
Possible CCJs - |
0 |
Total Value of Possible
CCJs - |
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Total Number of
Satisfied CCJs - |
0 |
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
Mortgage Summary
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Outstanding |
0 |
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Satisfied |
0 |
SHARE & SHARE CAPITAL INFORMATION
Top 20
Shareholders
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Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
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KULBIR SINGH KOHLI |
GBP |
25 |
ORDINARY |
1 |
25 |
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INDERPAL SINGH SABHARWAL |
GBP |
25 |
ORDINARY |
1 |
25 |
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NARINDER PAL KAUR SABHARWAL |
GBP |
25 |
ORDINARY |
1 |
25 |
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SANJUM SINGH KOHLI |
GBP |
25 |
ORDINARY |
1 |
25 |
PAYMENT INFORMATION
Summary – Payment
History
Key Financials
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No key Financials Registered |
Payment
Information Summary
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Days Beyond Terms |
Trend Indicator |
Average
Payment Experience |
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Steady Improving Worsening |
Be the first to leave a payment experience Within Terms 91+ Days |
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GROUP STRUCTURE & AFFILIATED COMPANIES
Group Structure
Statistics
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Group |
- |
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Linkages |
0 companies |
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Countries |
In 0 countries |
Summary
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Holding Company |
- |
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Ownership Status |
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Ultimate Holding
Company |
- |
Group structure
No group structure
ADDITIONAL INFORMATION
Commentary
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No exact match CCJs are recorded against the
company. |
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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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The company was established over 12 months ago. |
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Status History
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No Status History found |
Event History
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Date |
Description |
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21/12/2012 |
Annual Returns |
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10/11/2011 |
New Board Member Ms N.P. Sabharwal appointed |
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10/11/2011 |
New Board Member I.S. Sabharwal appointed |
Previous Company
Names
|
No Previous Names found |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.54.77 |
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UK Pound |
1 |
Rs.83.31 |
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Euro |
1 |
Rs.70.46 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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.