MIRA
INFORM REPORT
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Report Date : |
14.04.2014 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Dallow Street
Burton-On-Trent Staffordshire DE14 2PQ |
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Country : |
United Kingdom |
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Date of Incorporation : |
01.01.1999 |
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Legal Form : |
Not Available |
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Line of Business : |
Manufacture of
Food Products |
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No. of Employees |
33 |
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 31, 2014
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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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. 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, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output. 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. Falling 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 included 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 about 11% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 largely due to 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 £375 billion (approximately $605 billion) as of December 2013. 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, however, in 2013 GDP grew 1.4%, accelerating unexpectedly in the second half of the year because of greater consumer spending and a recovering housing market. The budget deficit is falling but remains high at nearly 7% and public debt has continued to increase
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Source
: CIA |
REGISTERED NAME & COMPANY SUMMARY
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Trading Address |
DALLOW WORKS,
DALLOW STREET |
Senior Executive |
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BURTON-ON-TRENT |
Position |
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STAFFORDSHIRE |
Date At Address |
01/01/1999 |
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Post Code |
DE14 2PQ |
Number of
Employees |
33 |
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Telephone Number |
01283 563268 - View Details
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Premises Type |
Manufacturing |
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TPS |
N |
Business Classification
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FOOD PRODUCT
MANUFACTURERS |
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Fax Number |
01283 511472 |
SIC03 |
15899 |
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FPS |
Y |
SIC03 Description |
MANUFACTURE OF
OTHER FOOD PRODUCTS (NOT ELSWHERE CLASSIFIED) |
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Website Address |
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DIRECTORS/MANAGEMENT
Na
NEGATIVE INFORMATION
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 |
SHARE & SHARE CAPITAL INFORMATION
Na
PAYMENT INFORMATION
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Days Beyond Terms |
Trend Indicator |
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Steady   Improving
Worsening |
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GROUP STRUCTURE & AFFILIATED COMPANIES
Na
FINANCIAL INFORMATION
Na
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
Commentary
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No exact match
CCJs are recorded against the company. |
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The business has
44 employee(s). |
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The business has
been at the address for over 12 years. |
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DALLOW WORKS BURTON-ON-TRENT
STAFFORDSHIRE DE14 |
DE14 2PQ |
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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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This company has been
matched to SIC Code 1589 classified as MANUFACTURE OF OTHER FOOD PRODUCTS
(NOT ELSWHERE CLASSIFIED)
There are 1441 companies within this classification.
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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1589 |
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293 |
£1,599,001 |
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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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1589 |
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0 |
24 |
53 |
0 |
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.60.27 |
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1 |
Rs.101.09 |
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Euro |
1 |
Rs.83.74 |
INFORMATION DETAILS
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Analysis Done by
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KAR |
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Report Prepared
by : |
NIS |
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.