MIRA
INFORM REPORT
|
Report Date : |
18.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
TI AMO DIAMONDS LTD |
|
|
|
|
Registered Office : |
Office 4, 219 Kensington High
Street, Kensington, London, W8 6BD |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Date of Incorporation : |
17.05.2013 |
|
|
|
|
Com. Reg. No.: |
08534212 |
|
|
|
|
Legal Form : |
Private Limited With Share Capital |
|
|
|
|
Line of Business : |
Not Available |
|
|
|
|
No. of Employees |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
-- |
NB |
New Business |
-- |
|
|
Status : |
New company |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
United Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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
|
Source
: CIA |
Company name and address
|
Company Name: |
TI AMO DIAMONDS LTD |
|
Company No: |
08534212 |
|
Registered Address: |
|
|
OFFICE 4 |
|
|
219 KENSINGTON HIGH STREET |
|
|
KENSINGTON |
|
|
W8 6BD |
|
Company details
|
Company
Name |
TI AMO DIAMONDS LTD |
Company
Number |
08534212 |
|
Registered
Address |
OFFICE 4 |
Trading
Address |
Office
4 |
|
Website
Address |
- |
||
|
Telephone
Number |
- |
||
|
TPS |
- |
||
|
Incorporation
Date |
17/05/2013 |
Company
Status |
Active - Newly Incorporated |
|
Previous
Name |
Type |
Private limited with Share Capital |
|
|
Date
of Change |
- |
Filing
Date of Accounts |
- |
|
|
|
Share
Capital |
- |
|
SIC03
|
Currency
|
||
|
SIC03
Description |
|||
|
SIC07
|
|||
|
SIC07
Description |
|||
|
Principal
Activity |
|||
Limit Definition
|
The Creditsafe recommended credit limit is calculated
using a formula that analyses information from a company's financial accounts
and payment record. The ltd company credit limit is our recommendation of the
total amount of credit that should be outstanding at any one time. |
Commentary
|
No exact match CCJs are recorded against the company. |
|
|
There has been no significant change in the company's
credit limit. |
|
|
The company has undergone recent changes in its
directorships. |
|
|
The company is not part of a group. |
|
|
Newer companies are proven to be more of an insolvency
risk than more established companies. |
|
Key Financials
|
No key Financials Registered |
CCJ
|
Total
Number of Exact CCJs - |
Total
Value of Exact CCJs - |
||
|
Total
Number of Possible CCJs - |
Total
Value of Possible CCJs - |
||
|
Total
Number of Satisfied CCJs - |
Total
Value of Satisfied CCJs - |
||
|
Total
Number of Writs - |
- |
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
|
Outstanding |
0 |
|
Satisfied |
0 |
|
Total Current Directors |
1 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
1 |
Current Directors
|
Name |
Date
of Birth |
23/06/1980 |
|
|
Officers
Title |
Mr |
Nationality |
British |
|
Present
Appointments |
1 |
Function |
Director |
|
Appointment
Date |
17/05/2013 |
||
|
Address |
Office 4 219 Kensington High Street, Kensington, London,
W8 6BD |
||
Current Company Secretary
|
Name |
Date
of Birth |
- |
|
|
Officers
Title |
Mr |
Nationality |
|
|
Present
Appointments |
1 |
Function |
Company Secretary |
|
Appointment
Date |
06/06/2013 |
||
|
Address |
Office 4 219 Kensington High Street, Kensington, London,
W8 6BD |
||
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
|
10/06/2013 |
Mr S. Jaj has resigned as company secretary |
|
|
10/06/2013 |
New Company Secretary Mr B. Kanani appointed |
|
|
21/05/2013 |
New Company Secretary Mr S. Jaj appointed |
|
|
21/05/2013 |
New Board Member Mr S. Jaj appointed |
Previous Company Names
|
No Previous Names found |
Statistics
|
Group
|
- |
|
Linkages
|
|
|
Countries
|
Summary
|
Holding
Company |
- |
|
Ownership
Status |
|
|
Ultimate
Holding Company |
- |
Group structure
No group structure
Exact CCJ Details
|
No CCJs found |
Possible CCJs Details
|
There are no possible CCJ details |
Writ Details
No writs found
Mortgage Details
No mortgage details
Creditor Details
|
No Creditor Data |
|
|
Total
Value |
- |
|
Trade Debtors / Bad Debt Detail
No Debtor Data
Previous Director/Company Secretaries
|
Name |
Current
Directorships |
Previous
Directorships |
|
0 |
1 |
|
Average Invoice Value |
n/a |
|
Invoices available |
n/a |
|
Paid |
n/a |
|
Outstanding |
n/a |
|
Trade Payment Data is information that we collect from
selected third party partners who send us information about their whole sales
ledger. |
|
Within
Terms |
0-30
Days |
31-60
Days |
61-90
Days |
91+
Days |
|
|
Paid |
|||||
|
Outstanding |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.38 |
|
|
1 |
Rs.101.63 |
|
Euro |
1 |
Rs.83.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.