MIRA
INFORM REPORT
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Name :
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PINSTRUCTURE LTD.
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Registered Office :
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Unit 50, Enfield Industrial Estate, Redditch, B97 6DE
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Country :
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United Kingdom
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Financials (as on) :
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31.01.2013
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Date of Incorporation :
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17.08.1981
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Com. Reg. No.:
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01580637
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Legal Form :
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Private Parent
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LINE OF BUSINESS :
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·
MANUFACTURE
OF WIRE PRODUCTS, CHAIN AND SPRINGS
·
MANUFACTURING
OF OTHER FABRICATED WIRE PRODUCT
·
MANUFACTURE
OF OTHER FABRICATED METAL PRODUCTS
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No. of Employees :
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25
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RATING
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STATUS
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PROPOSED CREDIT LINE
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26-40
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B
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Capability to overcome financial difficulties seems comparatively
below average.
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Small
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Status :
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Moderate
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Payment Behaviour :
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No complaints
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Litigation :
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Clear
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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
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Country Name
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Previous Rating
(30.06.2013)
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Current Rating
(30.09.2013)
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United Kingdom
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A1
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A1
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Risk Category
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ECGC
Classification
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Insignificant
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A1
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Low
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A2
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Moderate
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B1
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High
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B2
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Very High
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C1
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Restricted
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C2
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Off-credit
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D
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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.