MIRA
INFORM REPORT
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Report Date : |
29.01.2014 |
IDENTIFICATION DETAILS
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Name : |
METROSEAL
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Registered Office : |
Unit 30 Purdeys Industrial Estate, |
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Country : |
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Date of Incorporation : |
Not Available |
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Legal Form : |
Private Company |
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Line of Business : |
Manufacturers of rubber product such as :- |
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No. of Employees : |
11 |
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
United Kingdom |
A1 |
A1 |
|
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 |
REGISTERED NAME & COMPANY SUMMARY
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Company Name |
METROSEAL |
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Trading Address |
UNIT 30 PURDEYS INDUSTRIAL ESTATE, PURDEYS WAY |
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|
ROCHFORD |
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|
ESSEX |
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Post Code |
SS4 1ND |
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Telephone Number |
01702 548800 |
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TPS |
N |
|
Fax Number |
01702 549966 |
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FPS |
Y |
|
Website Address |
DIRECTORS/MANAGEMENT
|
Senior Executive |
MR MARK STEVENS |
|
Position |
MANAGING DIRECTOR |
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Date At Address |
01/01/1998 |
NEGATIVE INFORMATION
Bankruptcy
Information
Exact Name &
Address
|
Bankrupt
|
No |
Exact Address
Match
|
Bankrupt |
No |
Exact Name Match
|
Bankrupt |
Yes |
CCJ Details
Exact CCJ Details
|
No CCJ`s Found |
Possible Address
CCJ Details
|
No CCJ`s Found |
Possible Name CCJ
Details
|
No CCJ`s Found |
PAYMENT INFORMATION
Payment
Information Summary
|
Days Beyond Terms |
Trend Indicator |
Average
Payment Experience |
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||||
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Steady   Improving Worsening |
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There is
currently no payment data for this company. |
ADDITIONAL INFORMATION
|
Number of Employees |
11 |
|
Premises Type |
Manufacturing |
|
Business Classification |
RUBBER PRODUCT MANUFACTURERS OF |
|
SIC03 |
25130 |
|
SIC03 Description |
Manufacturers of rubber product such as :- |
Total number &
value of CCJ’s in this SIC03
|
SIC03 |
|
CCJ`s |
Value |
|
|
|
2513 |
|
50 |
£323,291 |
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Total number of
Negative Events in this SIC03
|
SIC03 |
|
Bankruptcy |
Administration |
Liquidation |
Wound Up |
|
2513 |
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0 |
3 |
20 |
0 |
NOTES & COMMENTS
Commentary
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No exact match CCJs are recorded against the company. |
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The business has been at the address for over 13 years. |
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The business has 11 employee(s). |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.99 |
|
UK Pound |
1 |
Rs.104.61 |
|
Euro |
1 |
Rs.86.17 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
|
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 |
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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 |
|
-- |
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.