MIRA INFORM REPORT

Report Date :

13.07.2014

IDENTIFICATION DETAILS

Name :	HIMANI STORE

Registered Office :	Crawleywest Sussexrh11 7RS

Country :	United Kingdom

Date of Incorporation :	Not Available

Com. Reg. No.:	5210000

Legal Form :	Proprietor

Line of Business :	Retail sale Non - Specialised stores with alcohol licence & food.

No. of Employees	05

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
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

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

Company name and address

Company Name: HIMANI STORE

Company No: 5210000

Credit Limit £1,000

Status Active

DBT -

Industry DBT -

Registered Address: CRAWLEYWEST SUSSEXRH11 7RS

Company summary

Your Login: R1CH4RD

Your User ID:

100897869

Date / Time:

9:31 Monday, 14 July 2014

Non Limited Company

Company Name:

HIMANI STORE

Report Summary

Company Number:

5210000

Click to view full map.

Company Name	HIMANI STORE
Trading Address	1 LANGLEY PARADE CRAWLEY WEST SUSSEX
Post Code	RH11 7RS
Senior Executive	MR KISSOR PATEL
Position	PROPRIETOR
Date At Address	01/01/1988
Telephone Number	01293 533319 - View Details
TPS	N

Premises Type	Shops & Retail Outlets
Number of Employees	5
Business Classification	GENERAL AND CONVENIENCE STORES
SIC03	52112
SIC03 Description	RETAIL SALE N/SPECIALISED STORES WITH ALCOHOL LICENCE & FOOD
Fax Number
FPS	N
Website Address	-

Show more

CCJs

Exact CCJ's	0
Possible CCJ's	0

Bankruptcies

Exact Name & Address	0
Exact Address	0
Exact Name	0
To perform a consumer report on the senior executive CLICK HERE

Commentary

No exact match CCJs are recorded against the company.
The business has been at the address for over 26 years.
The business has 5 employee(s).

Payment Information

DBT	-	Payment Trend	Stable
Industry DBT	-	Within Terms
Number of Experiences	-

	Within Terms	0-30 Days	31-60 Days	61-90 Days	91+ Days
Paid	0	0	0	0	0
Outstanding	0	0	0	0	0

Exact CCJ Details

No CCJ`s Found

Possible Address CCJ Details

No CCJ`s Found

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.19
UK Pound	1	Rs.103.15
Euro	1	Rs.81.87

INFORMATION DETAILS

Analysis Done by :	DIV

Report Prepared by :	NIS

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%)