MIRA
INFORM REPORT
|
Report Date : |
20.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
PHILIDAS DISTRIBUTION LTD |
|
|
|
|
Registered Office : |
C/O Uhy Hacker Young, St |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
07.01.2014 |
|
|
|
|
Com. Reg. No.: |
08835088 |
|
|
|
|
Legal Form : |
Private limited with
Share Capital |
|
|
|
|
Line of Business : |
Not Available |
|
|
|
|
No. of Employees |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
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 – 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 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 |
Company name & address
|
Company Name: |
PHILIDAS DISTRIBUTION LTD |
|
Company No: |
08835088 |
|
Registered Address: |
|
C/O Uhy Hacker Young |
|
St James Building |
|
Manchester |
|
m1 6ht |
Company summary
|
Company Name |
PHILIDAS DISTRIBUTION LTD |
Company Number |
08835088 |
|
Registered
Address |
C/O UHY HACKER YOUNG |
Trading Address |
St. James
Buildings |
|
|
|
|
|
|
TPS |
- |
|
|
|
Incorporation Date |
07/01/2014 |
Company Status |
Active - Newly Incorporated |
|
Previous Name |
|
Type |
Private limited with Share Capital |
|
Date of Change |
- |
Filing Date of
Accounts |
- |
|
|
|
Share Capital |
- |
|
|
|
Currency |
|
|
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. |
|
Key Financials
No key Financials Registered
Payment Information Summary
|
Days Beyond
Terms |
Trend Indicator |
Average
Payment Experience |
|
||||
|
Steady Improving Worsening |
Be the first to
leave a payment experience
|
|
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 |
0 |
Current Directors
|
Name |
Date of Birth |
02/08/1985 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
4 |
Function |
Director |
|
Appointment Date |
07/01/2014 |
|
|
|
Address |
C/o Uhy Hacker Young St James Building, 79 Oxford Street, Manchester,
Greater Manchester, M1 6HT |
||
|
|
|
|
|
Current Company Secretary
|
Name |
Date of Birth |
- |
|
|
Officers Title |
Ms |
Nationality |
|
|
Present Appointments |
1 |
Function |
Company Secretary |
|
Appointment Date |
07/01/2014 |
|
|
|
Address |
C/o Uhy Hacker Young St James Building, 79 Oxford Street, Manchester,
Greater Manchester, M1 6HT |
||
|
|
|
|
|
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
09/01/2014 |
New Company Secretary Ms S.E. Doolin appointed |
|
09/01/2014 |
New Board Member Mr T.F. Kirk appointed |
Previous Company Names
|
No Previous Names found |
Statistics
|
Group |
- |
|
Linkages |
|
|
Countries |
Group structure
No group structure
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.09 |
|
UK Pound |
1 |
Rs.101.41 |
|
Euro |
1 |
Rs.85.08 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.