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Report No. : |
317282 |
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Report Date : |
11.04.2015 |
IDENTIFICATION DETAILS
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Name : |
RED TOURS LIMITED |
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|
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Registered Office : |
327 327 Harrow Road Wembley Middlesex Ha9 6BA |
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Country : |
United Kingdom |
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Date of Incorporation : |
03.03.2014 |
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Com. Reg. No.: |
08918981
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Legal Form : |
Private Limited with Share Capital |
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Line of Business : |
Tour Operator Activities. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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-- |
NB |
New Business |
-- |
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Status : |
New Business |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
United Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 |
Company
Name: RED TOURS LIMITED
Company
No: 08918981
Company
Status: Active - Newly
Incorporated
Registered
Address: 327 327 HARROW ROAD WEMBLEY
MIDDLESEX HA9 6BA
Company
Summary
Registered
Address 327 327 HARROW ROAD,
WEMBLEY, MIDDLESEX, HA9 6BA
Trading
Address 327 327 Harrow Road,
Wembley, Middlesex, HA9 6BA
Website
Address -
Telephone
Number -
Fax
Number -
TPS
-
FPS
No
Incorporation
Date 03/03/2014
Previous
Name -
Type
Private
limited with Share Capital
FTSE
Index -
Date
of Change -
Filing
Date of Accounts -
Currency
GBP
Share
Capital £100,000
SIC07
79120
Charity
Number -
SIC07
Description TOUR OPERATOR
ACTIVITIES
Principal
Activity
Total
Mortgage 0
Outstanding 0
Satisfied 0
Total
Number of Documented Trade 0
Total
Value of Documented Trade £0
|
This
company has been treated as a New company in respect of the rating/limit
generated. |
|
This
company has not yet filed financial statements and is aged 13-18 months. |
|
This
company is based in a geographical area with a moderate level of corporate
failures. |
|
This
company does not have any registered mortgage charges. |
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There
have been no director resignations in the last 6 months. |
|
Total
Number of Exact CCJs - |
0 |
Total
Value of Exact CCJs - |
|
|
Total
Number of Possible CCJs - |
0 |
Total
Value of Possible CCJs - |
|
|
Total
Number of Satisfied CCJs - |
0 |
Total
Value of Satisfied CCJs - |
|
|
Total
Number of Writs - |
- |
|
Name |
Jesmin
Sorab |
Date
of Birth |
16/04/1955 |
|
Officers
Title |
Mrs |
Nationality |
British |
|
Present
Appointments |
5 |
Function |
Director |
|
Appointment
Date |
03/03/2014 |
||
|
Address |
327
327 Harrow Road, Wembley, Middlesex, HA9 6BA |
||
|
Currency |
Share
Count |
Share
Type |
Nominal
Value |
%
of Total Share Count |
|
|
BURJOR
MISTRY |
GBP |
85,000 |
ORDINARY
|
1 |
85 |
|
JESMIN
SORAB |
GBP |
15,000 |
ORDINARY
|
1 |
15 |
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There
are no notes to display. |
|
No
Status History found |
|
Date |
Description |
|
05/04/2015 |
Annual
Returns |
|
16/01/2015 |
Change
in Reg.Office |
|
16/01/2015 |
Change
of Company Postcode |
|
25/06/2014 |
Mrs
S. Effendi has left the board |
|
05/03/2014 |
New
Board Member Mrs S. Effendi appointed |
|
05/03/2014 |
New
Board Member Mrs J. Sorab appointed |
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No
Previous Names found |
|
No
writs found |
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Group |
-
|
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Linkages |
0
companies |
|
Countries |
In
0 countries |
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Holding
Company
|
-
|
|
Ownership
Status
|
|
|
Ultimate
Holding Company
|
-
|
|
|
Name |
Current
Directorships |
Previous
Directorships |
|
Shabnaz
Effendi |
0 |
1 |
|
Average
Invoice Value
|
N/A
|
|
Invoices
available
|
N/A
|
|
Paid
|
N/A
|
|
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.37 |
|
|
1 |
Rs.91.60 |
|
Euro |
1 |
Rs.66.49 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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|
|
|
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 |
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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 |
|
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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 |
|
|
<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.