MIRA
INFORM REPORT
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Report Date : |
09.05.2014 |
IDENTIFICATION DETAILS
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Name : |
JIER INTERNATIONAL LIMITED |
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Registered Office : |
Chase Business
Centre 39-41 Chase Side London N14 5bp
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Country : |
United
Kingdom |
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Date of Incorporation : |
02.06.2011 |
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Com. Reg. No.: |
07656198 |
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Legal Form : |
Private limited with Share Capital |
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Line of Business : |
Dormant Company |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Dormant |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
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
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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United Kingdom |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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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
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Source
: CIA |
Company name and address
JIER INTERNATIONAL LIMITED
Company No: 07656198
Registered Address:
CHASE BUSINESS
CENTRE
39-41 CHASE SIDE
LONDON N14 5BP
COMPANY SUMMARY
Company Name: JIER INTERNATIONAL LIMITED
Company Number: 07656198
Registered Address
CHASE BUSINESS CENTRE
39-41 CHASE SIDE
LONDON
N14 5BP
Trading Address
Chase Business Centre
39-41 Chase Side
London
N14 5BPN14 5BP
Previous address 311 Shoreha Street
Shffield England S2 40FA
United Kingdom
Incorporation Date 02/06/2011
Type Private
limited with Share Capital
Filing Date of
Accounts30/06/2013
Currency GBP
Share Capital £10,000
SIC07 99999
SIC07 Description DORMANT COMPANY
Principal Activity The company did not trade during y/e
30.06.13.
Commentary
No comments to display
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CCJ
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Total Number of Exact CCJs - |
Total Value of Exact CCJs - |
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Total Number of Possible CCJs - |
Total Value of Possible CCJs - |
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Total Number of Satisfied CCJs - |
Total Value of Satisfied CCJs - |
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Total Number of Writs - |
- |
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Payment term
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Current Directors
Total Current Directors |
1 |
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Total Current Secretaries |
1 |
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Total Previous Directors / Company Secretaries |
0 |
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Name |
Date of Birth |
20/12/1970 |
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Officers Title |
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Nationality |
Chinese |
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Present Appointments |
1 |
Function |
Director |
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Appointment Date |
02/06/2011 |
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Address |
Chase Business Centre 39-41 Chase Side, London, N14 5BP |
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Other Actions |
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Current Company Secretary
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Name |
Date of Birth |
- |
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Officers Title |
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Nationality |
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Present Appointments |
1 |
Function |
Company Secretary |
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Appointment Date |
06/06/2013 |
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Address |
Chase Business Centre 39-41 Chase Side, London, N14 5BP |
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Top 20 Shareholders
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Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
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HONGBIN CHEN |
GBP |
10,000 |
ORDINARY |
1 |
100 |
Miscellaneous
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Date Of Accounts |
30/06/13 |
(%) |
30/06/12 |
(%) |
- |
(%) |
- |
(%) |
- |
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Contingent Liability |
NO |
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NO |
- |
- |
- |
- |
- |
- |
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Capital Employed |
- |
- |
- |
- |
- |
- |
- |
- |
- |
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Number of Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
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Auditors |
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Auditor Comments |
The company is exempt from audit |
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Bankers |
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Bank Branch Code |
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No Status History found |
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Date |
Description |
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03/07/2013 |
New Accounts Filed |
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11/06/2013 |
Annual Returns |
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10/06/2013 |
New Company Secretary LHY INVESTMENT LTD appointed |
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06/06/2013 |
Change in Reg.Office |
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06/06/2013 |
Change of Company Postcode |
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11/07/2012 |
New Accounts Filed |
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22/06/2012 |
Annual Returns |
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12/06/2012 |
Annual Returns |
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12/06/2012 |
Change in Reg.Office |
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12/06/2012 |
Change of Company Postcode |
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07/06/2011 |
New Board Member Mr B.H. Chen appointed |
Statistics
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Group |
- |
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Linkages |
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Countries |
Summary
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Holding Company |
- |
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Ownership Status |
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Ultimate Holding Company |
- |
Group structure
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Statistics
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Group |
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Linkages |
0 companies |
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Countries |
In 0 countries |
Exact CCJ Details
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No CCJs found |
Possible CCJs Details
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There are no possible CCJ details |
Writ Details
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No writs found |
Creditor Details
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Total Number |
Total Value |
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Trade Creditors |
0 |
- |
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No Creditor Data |
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Trade Debtors / Bad Debt Detail
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Total Number of Documented Trade |
Total Value of Documented Trade |
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Trade Debtors |
- |
- |
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No Debtor Data |
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Previous Director/Company Secretaries
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No Previous Director Details |
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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. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.59.99 |
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1 |
Rs.101.75 |
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Euro |
1 |
Rs.83.48 |
INFORMATION DETAILS
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Analysis Done by
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RAS |
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Report Prepared
by : |
NIS |
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 |
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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 |
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-- |
NB |
New Business |
-- |
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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.