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Report Date : |
31.05.2014 |
IDENTIFICATION DETAILS
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Name : |
E C O ANIMAL
HEALTH |
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Trading Address : |
The Grange, 100 High Street, London, Post Code N14 6bn |
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Country : |
United Kingdom |
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Year of Establishment : |
Since 1993 |
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Com. Reg. No.: |
595277 |
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Legal Form : |
Private Company |
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Line of Business : |
Wholesaler of Pharmaceutical Goods such as Macrolide Antibiotics, Therapeutics, Performance Promoters, Anticoccidials, Endectocides, Ectoparasiticides & Anthelmintics |
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No of Employees : |
40 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
|
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.
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Source : CIA |
Company Name E C O
ANIMAL HEALTH
Trading Address THE GRANGE, 100 HIGH STREET
LONDON
Post
Code N14 6BN
Telephone
Number 020 8447 8899
Fax
Number 020
8447 9292
TPS Y
FPS Y
Website
Address http://www.ecoanimalhealth.com
Operating Address PO
Box 47542
London
N14 6WS
United Kingdom
Legal Type Private Company
Premises
Type Warehouses
& Wholesalers
Company No.: 595277
Year of Establishment Since 1993
Senior Executive MRS JANE GOULD
Position OFFICE MANAGER
Number
of Employees 40
Business
Classification PHARMACEUTICAL SUPPLIERS AND WHOLESALERS
SIC03 51460
SIC03
Description Wholesaler of
pharmaceutical goods such as Macrolide Antibiotics, Therapeutics,
Performance Promoters, Anticoccidials,
Endectocides, Ectoparasiticides & Anthelmintics
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 Companies which match this Company Address - 0
Results found
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 Name
E C O ANIMAL HEALTH
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.59.03 |
|
UK Pound |
1 |
Rs.98.91 |
|
Euro |
1 |
Rs.80.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
|
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.