MIRA INFORM REPORT

Report Date :

30.09.2014

IDENTIFICATION DETAILS

Name :	HARSCO INFERSTRUCTURE

Registered Office :	Tamworth Staffordshire B77 5PA

Country :	United Kingdom

Date of Incorporation :	19.06.2014

Com. Reg. No.:	L53125346

Legal Form :	Not Available

Line of Business :	Renting of Construction and Civil Engineering Machinery and Equipment.

No. of Employees :	25

RATING & COMMENTS

MIRA’s Rating :

RATING

STATUS

PROPOSED CREDIT LINE

New Business

Status :	New Business

Payment Behaviour :	No Complaints

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

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
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: HARSCO INFERSTRUCTURE

Company No: L53125346

Registered Address: TAMWORTH STAFFORDSHIRE B77 5PA

Company Name	HARSCO INFERSTRUCTURE
Trading Address	BUILDING 100, RELAY DRIVE RELAY POINT TAMWORTH STAFFORDSHIRE
Post Code	B77 5PA
Senior Executive	MR RICHARD SHUTTLEWORTH
Position	MANAGING DIRECTOR
First Known	19/06/2014
Telephone Number	01827266100 - View Details
TPS	N

Premises Type	Unclassified
Number of Employees	25
Business Classification	RENTING OF CONSTRUCTION AND CIVIL ENGINEERING MACHINERY AND EQUIPMENT
SIC03	7132
SIC03 Description	Rent civil engineering machinery

Fax Number
FPS	N

DIRECTORS/ MANAGEMENT

Directors last filed addresses which have been matched to this company’s postcode - 3 Results found

Company Name	Address	Postcode
David Witsken	Building 100 Relay Point	B77 5PA
Ian Farrell	Building 100 Relay Point	B77 5PA
Theresa Gore	Building 100 Relay Point	B77 5PA

NEGATIVE INFORMATION

CCJs

Exact CCJ's	0
Possible CCJ's	0

Bankruptcies

Exact Name & Address	0
Exact Address	0
Exact Name	0

Exact CCJ Details

No CCJ`s Found

Possible Address CCJ Details

No CCJ`s Found

“Possible Address CCJ matches show CCJs that may be matched to a company based on various criteria such as similar trading names or addresses. This data is provided for your information only as an aid to decision-making and does not affect a company’s rating.”

Possible Name CCJ Details

No CCJ`s Found

Total number & value of CCJ’s in this SIC03

SIC03		CCJ`s	Value
7132		201	£1,126,578

Total number of Negative Events in this SIC03

SIC03		Bankruptcy	Administration	Liquidation	Wound Up
7132		0	9	65	0

SHARE & SHARE CAPITAL INFORMATION

N/A

GROUP STRUCTURE & AFFILIATED COMPANIES

Company Name	Address	Postcode
HARSCO INFERSTRUCTURE	BUILDING 100 TAMWORTH STAFFORDSHIRE B77 5PA	B77 5PA

Company Name	Address	Postcode
HARSCO INFERSTRUCTURE	BUILDING 100 TAMWORTH STAFFORDSHIRE B77 5PA	B77 5PA

FINANCIAL INFORMATION

N/A

FOREIGN EXCHANGE RATES

N/A

ADDITIONAL INFORMATION

Other Companies that match this Telephone Number - 1 Result found

Company Name	Company Number	Address	Postcode
HARSCO INFRASTRUCTURE GROUP LIMITED	00164238	HARSCO HOUSE, REGENT PARK KINGSTON ROAD, LEATHERHE	KT22 7SG

Company Address
Company Name
House Name / Number	Telephone Number
Street
Locality
City / Town
Post Code

NOTES & COMMENTS

Commentary

No exact match CCJs are recorded against the company.
The business has 25 employee(s).

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.43
UK Pound	1	Rs.99.73
Euro	1	Rs.77.93

INFORMATION DETAILS

Analysis Done by :	SUB

Report Prepared by :	NIT

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%)