MIRA INFORM REPORT
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Report No. : |
306801 |
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Report Date : |
05.02.2015 |
IDENTIFICATION DETAILS
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Name : |
REISS RETAIL |
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Registered Office : |
12 Picton Place |
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Country : |
United Kingdom |
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Date of Incorporation : |
Not Available |
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Com. Reg. No.: |
L42181732 |
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Legal Form : |
Not Available |
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Line of Business : |
Retail Sale of Clothing |
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No. of Employee : |
100 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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United Kingdom |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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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.
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Source
: CIA |
Company
name and address
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Company
Name |
REISS RETAIL
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Trading
Address |
12 PICTON PLACE |
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Post
Code |
W1U 1BW |
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Senior
Executive |
MR DASVID RIESS |
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Position
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PROPRIETOR |
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Date
At Address |
01/05/2008 |
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Telephone
Number |
02030752000 - View
Details |
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TPS
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N |
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Premises
Type |
Shops & Retail Outlets |
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Number
of Employees |
100 |
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Business
Classification |
RETAIL SALE OF CLOTHING |
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SIC03
|
5242 |
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SIC03
Description |
Retail sale of clothing |
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Fax
Number |
02030752001 |
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FPS
|
N |
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Website
Address |
- |
CCJs
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Exact CCJ's |
0 |
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Possible CCJ's |
0 |
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Bankruptcies
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Exact Name & Address |
0 |
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Exact Address |
0 |
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Exact Name |
0 |
Commentary
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This company has been treated as a Non Limited company
in respect of the rating/limit generated. |
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This company trades in an industry with a moderate level
of corporate failures. |
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This company is based in a geographical area with a low
level of corporate failures. |
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This company operates from a type of property which has
been associated with a higher risk of corporate failure. |
Payment
Information
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DBT |
- |
Payment Trend |
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Industry DBT |
- |
Within Terms |
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Number of Experiences |
- |
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Within Terms |
0-30 Days |
31-60 Days |
61-90 Days |
91+ Days |
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Paid |
0 |
0 |
0 |
0 |
0 |
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Outstanding |
0 |
0 |
0 |
0 |
0 |
Exact
CCJ Details
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No CCJ`s Found |
Possible
Address CCJ Details
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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 |
“Possible Name 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.”
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
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12 PICTON PLACE LONDON W1U 1BW |
W1U 1BW |
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 - 4
Results found
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51 SOUTH MOLTON STREET LONDON W1K 5SD |
W1K 5SD |
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12 PICTON PLACE LONDON W1U 1BW |
W1U 1BW |
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ACADEMY HOUSE LONDON W1S 3EJ |
W1S 3EJ |
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PRINCE CHARLES DRIVE LONDON NW4 3FP |
NW4 3FP |
Directors last filed
addresses which have been matched to this company’s postcode - 11 Results found
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Reiss Building 12 Picton Place |
W1U 1BW |
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Reiss Building 12 Picton Place |
W1U 1BW |
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Reiss Building 12 Picton Place |
W1U 1BW |
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Reiss Building 12 Picton Place |
W1U 1BW |
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Reiss Building 12 Picton Place |
W1U 1BW |
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Reiss Building 12 Picton Place |
W1U 1BW |
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Reiss Building 12 Picton Place |
W1U 1BW |
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Reiss Building 12 Picton Place |
W1U 1BW |
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Reiss Building 12 Picton Place |
W1U 1BW |
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Reiss Building 12 Picton Place |
W1U 1BW |
Other Companies that
match this Telephone Number - 0 Results found
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Company Address |
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Company Name |
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House Name / Number |
Telephone Number |
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Street |
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Locality |
if you would like to search by an
alternative company address or telephone number, please do so |
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City / Town |
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Post Code |
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This company has been matched to SIC Code
5242 classified as Retail sale of clothing
There are 10388 companies within this classification.
Report
Notes
There are no notes to display.
Limit
History
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Dat |
Limit |
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24/08/2014 |
£5,000 |
A new rating system was introduced on 24/08/2014.
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10/10/2013 |
£5,000 |
Event
History
No Event History found
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
Rs.61.68 |
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|
1 |
Rs.93.53 |
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Euro |
1 |
Rs.70.75 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
ANK |
RATING EXPLANATIONS
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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 |
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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 |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.