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Report Date : |
22.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
BASS PREMIER COMPANY LIMITED |
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Registered Office : |
82 Saint John Street London EC1M 4JN |
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Country : |
United Kingdom |
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Date of Incorporation : |
29.12.2000 |
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Com. Reg. No.: |
04133617 |
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Legal Form : |
Private limited with Share Capital |
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Line of Business : |
Manufacturers and Repairers of Jewellery |
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No. of Employees |
Not Available |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
United Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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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 |
REGISTERED NAME &
COMPANY SUMMARY
|
Company Name |
BASS PREMIER COMPANY LIMITED |
Company Number |
04133617 |
|
Registered Address |
82 SAINT JOHN STREET |
Trading Address |
BASS PREMIER COMPANY LIMITED |
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Office Address |
63/66 Hatton Garden, Third Floor, London EC IN 8 LE England United Kingdom |
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Website Address |
- |
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Telephone Number |
- |
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TPS |
- |
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Incorporation Date |
29/12/2000 |
Company Status |
Non trading |
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Previous Name |
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Type |
Private limited with Share Capital |
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Date of Change |
- |
Filing Date of Accounts |
13/02/2013 |
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Total Current Directors |
1 |
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Total Current Secretaries |
0 |
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Total Previous Directors / Company Secretaries |
2 |
Current Directors
|
Name |
Jeremy Rogers |
Date of Birth |
08/01/1973 |
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Officers Title |
Mr |
Nationality |
British |
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Present Appointments |
12 |
Function |
Director |
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Appointment Date |
23/01/2009 |
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Address |
25a The Cottage, Cumberland Road, Leeds, LS6 2EF |
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CCJ
|
Total Number of Exact CCJs - |
0 |
Total Value of Exact CCJs - |
D:\csukserver01002INT'L CREDIT REPORT2014.04.002014.04.17CCJDetails.aspx?CompanyNumber=04133617 |
|
Total Number of Possible CCJs - |
0 |
Total Value of Possible CCJs - |
D:\csukserver01002INT'L CREDIT REPORT2014.04.002014.04.17CCJDetails.aspx?CompanyNumber=04133617 |
|
Total Number of Satisfied CCJs - |
0 |
Total Value of Satisfied CCJs - |
D:\csukserver01002INT'L CREDIT REPORT2014.04.002014.04.17CCJDetails.aspx?CompanyNumber=04133617 |
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Total Number of Writs - |
- |
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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
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Outstanding |
0 |
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Satisfied |
0 |
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Share Capital |
£2 |
Top 20 Shareholders
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
JEREMY ROGERS |
GBP |
2 |
ORDINARY |
1 |
100 |
Payment Information Summary
|
Days Beyond Terms |
Trend Indicator |
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||||
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Steady
Improving Worsening |
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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 |
Group structure
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Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder Funds |
Employees |
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31/12/2012 |
- |
- |
- |
- |
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31/12/2011 |
- |
- |
- |
- |
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31/12/2010 |
- |
- |
- |
- |
N/a
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SIC03 |
7499 |
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SIC03 Description |
Non-trading company |
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SIC07 |
74990 |
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SIC07 Description |
NON-TRADING COMPANY |
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Principal Activity |
The company did not trade during y/e 31.12.12. |
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Number of Employees |
- |
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- |
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- |
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- |
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- |
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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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Status History
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No Status History found |
Event History
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Date |
Description |
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03/01/2014 |
Annual Returns |
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15/02/2013 |
New Accounts Filed |
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07/01/2013 |
Annual Returns |
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24/03/2012 |
New Accounts Filed |
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10/01/2012 |
Annual Returns |
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28/01/2011 |
New Accounts Filed |
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18/01/2011 |
Annual Returns |
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02/02/2010 |
New Accounts Filed |
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25/01/2010 |
Annual Returns |
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25/01/2010 |
Annual Returns |
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25/01/2010 |
Annual Returns |
|
10/02/2009 |
VANTIS NOMINEES LIMITED has left the board |
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10/02/2009 |
New Board Member Mr J. Rogers appointed |
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09/01/2009 |
Annual Returns |
|
09/01/2008 |
Annual Returns |
Previous Company Names
|
No Previous Names found |
N/a
DIAMOND INDUSTRY – INDIA
-
From time immemorial, India is well known in the world
as the birthplace for diamonds. It is difficult to trace the origin of
diamonds but history says that in the remote past, diamonds were mined only in
India. Diamond production in India can be traced back to almost 8th
Century B.C. India, in fact, remained undisputed leader till 18th
Century when Brazilian fields were discovered in 1725 followed by emergence of
S. Africa, Russia and Australia.
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The achievement of the Indian diamond industry was
possible only due to combination of the manufacturing skills of the Indian
workforce and the untiring and unflagging efforts of the Indian diamantaires,
supported by progressive Government policies.
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The area of study of family owned diamond businesses
derives its importance from the huge conglomerate of family run organizations
which operate in the diamond industry since many generations.
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Some of the basic traits of family run business
enterprises include spirit of entrepreneurship, mutual trust lowers transaction
costs, small, nimble and quick to react, information as a source of advantage
and philanthropy.
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Family owned diamond businesses need to improve on
many fronts including higher standard of corporate governance, long-term
performance – focused strategies, modern management and technology.
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Utmost caution is to be exercised while dealing with
some medium and large diamond traders which are usually engaged in fictitious
import – export, inter-company transactions, financially assisted by banks. In
the process, several public sector banks lost several hundred million rupees.
They mostly diverted borrowed money for diamond business into real estate and
capital markets.
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Excerpts from Times of India dated 30th
October 2010 is as under –
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Gem & Jewellery Export Promotion Council in its
statistical data has shown the export of polished diamonds to have increase by
28 % in February 2013. Compared to $ 1.4 bn worth of polished diamond export in
February, 2012, India exported $ 1.84 billion worth of polished diamonds in
February 2013. A senior executive of GJEPC said, “Export of cut and polished
diamonds started falling month-wise after the imposition of 2 % of import duty
on the polished diamonds. But February, 2013 has given a new ray of hope to the
industry as the export of polished diamonds has actually increased by 28 %. It
means the industry is on the track of recovery and round tripping of
diamonds has stopped completely.” Demand has started coming from the US, the
UK, Japan and China. India’s polished diamond export is expected to cross $ 21
bn in 2013-14.
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The banking sector has started exercising restraint
while following prudent risk management norms when lending money to gems and
jewellery sector. This follows the implementation of Basel III accord – a
global voluntary regulatory standard on bank capital adequacy, stress testing
and market liquidity.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.30 |
|
|
1 |
Rs.99.16 |
|
Euro |
1 |
Rs.78.59 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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 |
|
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 |
|
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 iiiiiits officials.