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Report Date : |
30.05.2014 |
IDENTIFICATION DETAILS
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Name : |
E C O ANIMAL HEALTH |
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Registered Office : |
London N14 6BN |
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Country : |
United Kingdom |
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Date of Incorporation : |
Not Available |
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Com. Reg. No.: |
595277 |
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Legal Form : |
Not Available |
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Line of Business : |
Wholesale of pharmaceutical goods |
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No. of Employees : |
40 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
United Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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: E C O
ANIMAL HEALTH
Company No: 595277
Registered
Address: LONDON
N14 6BN
Operating Address : PO Box 47542, London N14 6WS, United Kingdom
Company Name E C O
ANIMAL HEALTH
Trading Address THE GRANGE, 100
HIGH STREET
LONDON
Post Code N14
6BN
Senior Executive MRS
JANE GOULD
Position OFFICE
MANAGER
Date At Address 01/01/1991
Telephone Number 020 8447
8899
TPS Y
Premises Type Warehouses
& Wholesalers
Number of Employees 40
Business Classification PHARMACEUTICAL
SUPPLIERS AND WHOLESALERS
SIC03 51460
SIC03 Description Wholesale
of pharmaceutical goods
Fax Number 020
8447 9292
FPS Y
Website Address http://www.ecoanimalhealth.com
CCJs
Exact CCJ's 0
Possible CCJ's 0
Bankruptcies
Exact Name &
Address 0
Exact Address 0
Exact Name 0
Other Limited
Companies which match this Company Name & Address - 0 Results found
Other Non Limited
Companies which match this Company Name & Address - 1 Result found
Company Name Address Postcode
E C O ANIMAL
HEALTH THE GRANGE LONDON N14 6BN N14 6BN
Other Limited
Companies which match this Company Name - 0 Results found
Other Non Limited
Companies which match this Company Name - 1 Result found
Company Name Address Postcode
E C O ANIMAL
HEALTH THE GRANGE
LONDON N14 6BN N14 6BN
Directors last
filed addresses which have been matched to this company’s postcode - 0 Results
found
Other Companies
that match this Telephone Number - 0 Results found
Company Address
Company Name
E C O ANIMAL
HEALTH
House Name /
Number Telephone Number
020 8447 8899
Street
THE GRANGE
Locality
100 HIGH STREET
City / Town
LONDON
Post Code
N14 6BN
This company has
been matched to SIC Code 5146 classified as Wholesale of pharmaceutical goods
There are 1403 companies within this classification
Total number &
value of CCJ’s in this SIC03
SIC03 CCJ`s Value
5146 127 £696,633
Total number of
Negative Events in this SIC03
SIC03 Bankruptcy Administration Liquidation
Wound Up
5146 0 3 43 0
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.84 |
|
|
1 |
Rs.98.41 |
|
Euro |
1 |
Rs.80.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NNA |
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.