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Report Date : |
24.03.2014 |
IDENTIFICATION DETAILS
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Name : |
FT TECH ASIA LIMITED |
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Formerly Known
as: |
ST TECH ASIA LIMITED |
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Registered Office : |
1a Church Lane Teddington Middx Tw11 8pa |
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Country : |
United Kingdom |
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Date of Incorporation : |
09.11.2007 |
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Reg. No.: |
06423378 |
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Legal Form : |
Private limited with Share Capital |
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Line of Business : |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Non Trading |
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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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
United kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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
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: |
FT TECH ASIA LIMITED |
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Company No: |
06423378 |
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Registered Address: |
|
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1A CHURCH LANE |
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TEDDINGTON |
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|
MIDDX |
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TW11 8PA |
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Company Name |
FT TECH ASIA LIMITED |
Company Number |
06423378 |
|
Registered
Address |
1A CHURCH LANE |
Trading Address |
1A Church Lane |
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Website Address |
- |
||
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Telephone Number
|
- |
||
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TPS |
- |
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Incorporation
Date |
09/11/2007 |
Company Status |
Non trading |
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Previous Name |
ST TECH ASIA LIMITED |
Type |
Private limited with Share Capital |
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Date of Change |
28/11/2007 |
Filing Date of
Accounts |
09/09/2013 |
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|
|
Share Capital |
£2,850 |
|
SIC03 |
5187 |
Currency |
GBP |
|
SIC03
Description |
Wholesale of other machinery for use in industry, trade &
navigation |
||
|
SIC07 |
46690 |
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|
SIC07
Description |
WHOLESALE OF OTHER MACHINERY AND EQUIPMENT |
||
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Principal
Activity |
The company did not trade during y/e 31.12.12. |
||
There are no exact CCJ details
There are no possible CCJ details
There are no writ details
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Outstanding |
0 |
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Satisfied |
0 |
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Total Current Directors |
3 |
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Total Current Secretaries |
0 |
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Total Previous Directors / Company Secretaries |
2 |
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Name |
Date of Birth |
21/04/1949 |
|
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Officers Title |
Mr |
Nationality |
British |
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Present Appointments |
6 |
Function |
Director |
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Appointment Date |
09/11/2007 |
||
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Address |
New Barn New Barn Lane, Ockley, Dorking, Surrey, RH5 5PF |
||
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Name |
Date of Birth |
13/10/1955 |
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Officers Title |
Dr |
Nationality |
British |
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Present
Appointments |
6 |
Function |
Director |
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Appointment Date |
09/11/2007 |
||
|
Address |
Flat 6 103 Lexham Gardens, London, W8 6JN |
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Name |
Date of Birth |
24/01/1943 |
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|
Officers Title |
Mr |
Nationality |
British |
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Present Appointments |
1 |
Function |
Director |
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Appointment Date |
07/09/2012 |
||
|
Address |
1a Church Lane, Teddington, Middx, TW11 8PA |
||
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Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share
Count |
|
|
P.F. ELGAR |
GBP |
834 |
ORDINARY |
1 |
29.26 |
|
S. KAPARTIS |
GBP |
834 |
ORDINARY |
1 |
29.26 |
|
S. NORTON |
GBP |
764 |
ORDINARY |
1 |
26.81 |
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TMS PROPERTY MANAGEMENT |
GBP |
417 |
ORDINARY |
1 |
14.63 |
|
DEREK CAVENDISH-PELL |
GBP |
1 |
ORDINARY |
1 |
0.04 |
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No Status History found |
|
Date |
Description |
|
10/12/2013 |
Annual Returns |
|
13/09/2013 |
New Accounts Filed |
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12/12/2012 |
Annual Returns |
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19/09/2012 |
New Accounts Filed |
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11/09/2012 |
New Board Member Mr D.H. Cavendish-Pell appointed |
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10/12/2011 |
Annual Returns |
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09/12/2011 |
Annual Returns |
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07/10/2011 |
New Accounts Filed |
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28/01/2011 |
Dr S.J. Norton has left the board |
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11/12/2010 |
Annual Returns |
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11/12/2010 |
New Accounts Filed |
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09/03/2010 |
Ms S.G. Insley has resigned as company secretary |
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05/01/2010 |
Annual Returns |
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14/12/2009 |
New Accounts Filed |
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07/12/2009 |
Annual Returns |
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Date |
Previous Name |
|
28/11/2007 |
ST TECH ASIA LIMITED |
No group structure
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Group |
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Linkages |
0 companies |
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Countries |
In 0 countries |
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No CCJs found |
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There are no possible CCJ details |
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No writs found |
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Name |
Current Directorships |
Previous
Directorships |
|
0 |
6 |
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|
0 |
6 |
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Average Invoice Value |
n/a |
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Invoices available |
n/a |
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Paid |
n/a |
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Outstanding |
n/a |
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Trade Payment Data is information that we collect from selected third
party partners who send us information about their whole sales ledger. |
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Within Terms |
0-30 Days |
31-60 Days |
61-90 Days |
91+ Days |
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Paid |
|||||
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Outstanding |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.05 |
|
|
1 |
Rs.100.81 |
|
Euro |
1 |
Rs.84.17 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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.