MIRA INFORM REPORT
|
Report Date : |
24.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
AARZ LONDON LIMITED |
|
|
|
|
Registered Office : |
209 Whitechapel Road London E1 1DE |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Date of Incorporation : |
20.11.2013 |
|
|
|
|
Com. Reg. No.: |
08783744 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Subject is a fresh and vibrant store that aims to stay on top of the
latest trends in order to provide the customers with the best shoes and
bags |
|
|
|
|
No of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
|
Status : |
New Business |
|
|
|
|
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 – September 30, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
United Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate 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 |
Summary
– Company Information
|
Company Name |
AARZ LONDON LIMITED |
Company Number |
08783744 |
||
|
Registered Address |
209 WHITECHAPEL ROAD |
Trading Address |
209 Whitechapel Road |
||
|
Website Address |
- |
|
|||
|
Telephone Number |
- |
|
|||
|
TPS |
- |
|
|||
|
Incorporation Date |
20/11/2013 |
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 |
|||||
Commentary
|
No exact match CCJs are recorded against the company. |
|
|
No recent changes in directorship are recorded. |
|
|
The company is not part of a group. |
|
|
Newer companies are proven to be more of an insolvency risk than more
established companies. |
Summary
– Payment History
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 |
Directors
|
Total Current Directors |
3 |
|
Total Current Secretaries |
0 |
|
Total Previous Directors / Company Secretaries |
0 |
Current Directors
|
Name |
Nasir Ali |
Date of Birth |
06/07/1961 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present
Appointments |
2 |
Function |
Director |
|
Appointment Date |
20/11/2013 |
||
|
Address |
209 Whitechapel Road, London, E1 1DE |
||
|
Name |
Kashif Ali |
Date of Birth |
04/10/1982 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present
Appointments |
2 |
Function |
Director |
|
Appointment Date |
20/11/2013 |
||
|
Address |
209 Whitechapel Road, London, E1 1DE |
||
|
Name |
Asif Ali |
Date of Birth |
09/11/1983 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present
Appointments |
1 |
Function |
Director |
|
Appointment Date |
20/11/2013 |
||
|
Address |
209 Whitechapel Road, London, E1 1DE |
||
Current Company
Secretary
Top 20 Shareholders
Event
History
Status History
No Status History found
Event History
|
Date |
Description |
|
22/11/2013 |
New Board Member Mr A. Ali appointed |
|
22/11/2013 |
New Board Member Mr K. Ali appointed |
|
22/11/2013 |
New Board Member Mr N. Ali appointed |
Rating
History
|
Date |
Rating |
Description |
|
22/11/2013 |
46 |
Creditworthy |
Limit History
|
Date |
Limit |
|
22/11/2013 |
£500 |
Previous Company Names
No Previous Names found
Group
Structure
Statistics
|
Group |
- |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Summary
|
Holding Company |
- |
|
Ownership Status |
|
|
Ultimate Holding Company |
- |
Group structure
No group structure
Linkages
Statistics
|
Group |
0 companies |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Full
CCJ Details
Exact CCJ Details
|
No CCJs found |
Possible CCJs Details
|
There are no possible CCJ details |
Writ Details
|
No writs found |
Creditor
& Debtor Details
Creditor Details
|
No Creditor Data |
|
|
Total Value |
- |
|
Trade Debtors / Bad Debt Detail
|
No Debtor Data |
|
|
Total Value |
- |
|
Directors
Previous Director/Company Secretaries
|
No Previous Director Details |
Trade
Payment Data
|
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. 61.06 |
|
|
1 |
Rs. 102.76 |
|
Euro |
1 |
Rs. 84.48 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
DPT |
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.