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Report Date : |
20.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
International Forest Products (UK) LTD |
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Previous Name |
GLOWPARK LIMITED |
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Registered Office : |
Belmont House Station Way, Crawley, West Sussex, Rh10 1JA |
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Country : |
United Kingdom |
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Date of Incorporation : |
14.06.2005 |
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Com. Reg. No.: |
05479979 |
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Legal Form : |
Private limited with Share Capital |
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Line of Business : |
Non-trading company |
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Non Trading 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
United Kingdom |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
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
|
Source
: CIA |
INTERNATIONAL FOREST PRODUCTS (UK) LTD
BELMONT HOUSE STATION WAY
CRAWLEY
WEST SUSSEX
RH10 1JA
United Kingdom
Website www.ifpcorp.com
Company Number: 05479979
Status: Non trading
Foundation: 14/06/2005
Legal form
Private limited with Share Capital
Foundation
14/06/2005
05479979
|
Date of Change |
Previous Name |
|
22/06/2005 |
GLOWPARK LIMITED |
|
Name |
Currency |
Number of shares |
Share type |
Nominal value |
|
I.F.P. FOREST
& PAPER PRODUCTS (UK) LTD |
GBP |
1 |
ORDINARY |
1 |
|
Total Share Capital |
GBP 1 |
|||
|
Directors |
||||
|
Name |
Address: |
Date of birth |
Nationality |
Appointment date |
|
Mr Jonathan Garnett Heywood |
Hurst Farm, Woodborough, Pewsey, Wiltshire
SN9 5PR |
05/07/1956 |
British |
06/10/2006 |
|
Mr Daniel Adam Kraft |
66 Montrose Street, Newton, 0 Massachusetts 02458 |
4/10/1965
|
American |
06/10/2006 |
Secretary
No Secretary appointed
Belmont House, Station Way, Crawley, West
Sussex RH10 1JA
|
Company No. |
Name |
Status |
Country |
|
Ultimate parent |
|||
|
US44252910 |
INTERNATIONAL FOREST PRODUCTS LLC |
Active |
USA |
Main activity
Non-trading company
Turnover and Employees
|
Date of Accounts |
Turnover |
Employees |
|
31/12/2010 |
Not Stated |
Not Stated |
|
31/12/2011 |
Not Stated |
Not Stated |
|
31/12/2012 |
Not Stated |
Not Stated |
Events
|
Company history |
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Date |
Action |
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22/10/2008 |
New Accounts Filed |
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23/06/2009 |
Annual Returns |
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26/10/2009 |
New Accounts Filed |
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20/07/2010 |
Annual Returns |
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27/09/2010 |
New Accounts Filed |
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17/06/2011 |
Annual Returns |
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||
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27/09/2011 |
New Accounts Filed |
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26/06/2012 |
Annual Returns |
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24/09/2012 |
New Accounts Filed |
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14/12/2012 |
Change in Reg.Office |
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14/12/2012 |
Change of Company Postcode |
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02/04/2013 |
New Company Secretary THOMAS EGGAR SECRETARIES LIMITED
appointed |
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05/07/2013 |
Annual Returns |
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18/09/2013 |
New Accounts Filed |
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County Court Judgments (CCJs) |
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There are no County Court Judgments listed against
this company |
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Profit & Loss
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|
31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
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|
52 |
52 |
52 |
52 |
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|
GBP |
GBP |
GBP |
GBP |
|
|
Group: No |
Group: No |
Group: No |
Group: No |
|
Turnover |
0 |
0 |
0 |
0 |
|
Wages And Salaries |
0 |
0 |
0 |
0 |
|
Pre Tax Profit |
0 |
0 |
0 |
0 |
|
31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
52 |
52 |
52 |
52 |
|
GBP |
GBP |
GBP |
GBP |
|
Group: No |
Group: No |
Group: No |
Group: No |
|
0 |
0 |
0 |
0 |
|
|
31/12/2012 52 GBP Group: No |
31/12/2011 52 GBP Group: No |
31/12/2010 52 GBP Group: No |
31/12/2009 52 GBP Group: No |
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Total Fixed Assets |
0 |
0 |
0 |
0 |
|
Stock |
0 |
0 |
0 |
0 |
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Trade Debtors |
0 |
0 |
0 |
0 |
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Cash |
0 |
0 |
0 |
0 |
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Other Debtors |
0 |
0 |
0 |
0 |
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Miscellaneous Current Assets |
0 |
0 |
0 |
0 |
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Total Current Assets |
0 |
0 |
0 |
0 |
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Trade Creditors |
0 |
0 |
0 |
0 |
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Bank Loans and Overdraft |
0 |
0 |
0 |
0 |
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Other Short Term Finance |
0 |
0 |
0 |
0 |
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Miscellaneous Current Liabilities |
0 |
0 |
0 |
0 |
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Total Current Liabilities |
0 |
0 |
0 |
0 |
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Bank Loans and Overdrafts LTL |
0 |
0 |
0 |
0 |
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Other Long Term Finance |
0 |
0 |
0 |
0 |
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Total Long Term Liabilities |
0 |
0 |
0 |
0 |
Capital & Reserves
|
|
31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
52 |
52 |
52 |
52 |
|
|
GBP |
GBP |
GBP |
GBP |
|
|
Group: No |
Group: No |
Group: No |
Group: No |
|
Called Up Share Capital |
0 |
0 |
0 |
0 |
|
P and L Account Reserve |
0 |
0 |
0 |
0 |
|
Revaluation Reserve |
0 |
0 |
0 |
0 |
|
Sundry Reserves |
0 |
0 |
0 |
0 |
|
Shareholders Funds |
0 |
0 |
0 |
0 |
Other Financial Items
|
|
31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
52 |
52 |
52 |
52 |
|
|
GBP |
GBP |
GBP |
GBP |
|
|
Group: No |
Group: No |
Group: No |
Group: No |
|
Net Worth |
0 |
0 |
0 |
0 |
|
Working Capital |
0 |
0 |
0 |
0 |
|
Total Assets |
0 |
0 |
0 |
0 |
|
Total Liabilities |
0 |
0 |
0 |
0 |
Net Assets 0 0 0 0
Cash Flow
|
|
31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
52 |
52 |
52 |
52 |
|
|
GBP |
GBP |
GBP |
GBP |
|
|
Group: No |
Group: No |
Group: No |
Group: No |
|
Net Cash Flow from Operations |
0 |
0 |
0 |
0 |
|
Net Cash Flow before Financing |
0 |
0 |
0 |
0 |
|
Net Cash Flow from Financing |
0 |
0 |
0 |
0 |
|
Increase in Cash |
0 |
0 |
0 |
0 |
Miscellaneous
|
31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
52 |
52 |
52 |
52 |
|
GBP |
GBP |
GBP |
GBP |
|
Group: No |
Group: No |
Group: No |
Group: No |
|
Capital Employed 0 |
0 |
0 |
0 |
Financial Ratios
|
Name |
31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
Pre Tax Profit Margin |
0.0% |
0.0% |
0.0% |
0.0% |
|
Current Ration |
0.00 |
0.00 |
0.00 |
0.00 |
|
Sales or Net Working Capital |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gearing |
0.0% |
0.0% |
0.0% |
0.0% |
|
Equity |
0.0% |
0.0% |
0.0% |
0.0% |
|
Creditor Days |
0.00 |
0.00 |
0.00 |
0.00 |
|
Debtor Days |
0.00 |
0.00 |
0.00 |
0.00 |
|
Liquidity or Acid test |
0.00 |
0.00 |
0.00 |
0.00 |
|
Return on Capital Employed |
0.0% |
0.0% |
0.0% |
0.0% |
|
Return on Total Assets Employed |
0.0% |
0.0% |
0.0% |
0.0% |
|
Current Debt Ratio |
0.0% |
0.0% |
0.0% |
0.0% |
|
Total Debt Ratio |
0.0% |
0.0% |
0.0% |
0.0% |
|
Stock Turnover Ratio |
0.0% |
0.0% |
0.0% |
0.0% |
|
Return on Net Assets Employed |
0.0% |
0.0% |
0.0% |
0.0% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.78 |
|
|
1 |
Rs.99.56 |
|
Euro |
1 |
Rs.83.54 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.