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Report No. : |
337999 |
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Report Date : |
24.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
ELGA |
|
|
|
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Registered Office : |
Unit 10 Lane End Industrial Park |
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|
|
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Country : |
United
Kingdom |
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|
|
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Date of Incorporation : |
01.01.2015 |
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|
|
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Com. Reg. No.: |
5728388 |
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|
|
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Legal Form : |
Not Available |
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Line of Business : |
Subject is engaged in Collection, Purification and Distribution of
Water. |
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|
|
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No. of Employees : |
130 |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
-- |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
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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. 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. In 2008, 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. Facing burgeoning public deficits and debt
levels, in 2010 the CAMERON-led coalition government (between Conservatives and
Liberal Democrats) initiated an austerity program, which aimed to lower
London's budget deficit from about 11% of GDP in 2010 to nearly 1% by 2015. 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 20% by 2015. However, the deficit
still remains one of the highest in the G7, standing at 5.8% in 2013. The Bank
of England (BoE) implemented an asset purchase program of 375 billion
(approximately $586 billion) as of December 2014. 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 1.8%, accelerating unexpectedly because of
greater consumer spending and a recovering housing market.
|
Source
: CIA |
Company Name |
ELGA |
|
|
Trading Address |
Unit 10 Lane End Industrial Park |
|
|
Post Code |
HP14 3BY |
|
|
Senior Executive |
||
|
Position |
||
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Company Number |
5728388 |
|
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Date At Address |
01/01/2015 |
|
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Telephone Number |
01494 887886 - View Details |
|
|
TPS |
N |
|
|
Premises Type |
Unclassified |
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Number of Employees |
130 |
|
Business Classification |
WATER TREATMENT SERVICES |
|
SIC03 |
41000 |
|
SIC03 Description |
Collection, purification and distribution of water |
|
Fax Number |
|
|
FPS |
N |
|
Website Address |
http://www.elgalabwater.com |
CCJs
|
Exact CCJ's |
0 |
|
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Possible CCJ's |
0 |
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|
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Bankruptcies
|
Exact Name & Address |
0 |
|
|
Exact Address |
0 |
|
|
Exact Name |
0 |
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This company has been treated as a Non Limited company. |
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This company trades in an industry with a moderate level of corporate
failures. |
|
This is still a relatively new non limited company and therefore at a
more vulnerable stage of its life cycle. |
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This company is based in a geographical area with a low level of
corporate failures. |
|
This company operates from a type of property which has been
associated with a lower risk of corporate failure. |
|
No CCJ`s Found |
|
No CCJ`s Found |
|
No CCJ`s Found |
No event history found.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.83 |
|
|
1 |
Rs.103.39 |
|
Euro |
1 |
Rs.74.27 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.