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Report No. : |
302764 |
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Report Date : |
16.01.2015 |
IDENTIFICATION DETAILS
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Name : |
BR SUPPLIES LIMITED |
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Registered Office : |
141 Cheetham Hill Road Ground Floor 2nd Office Manchester M8 8LY |
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Country : |
United Kingdom |
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Date of Incorporation : |
27.08.2013 |
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Com. Reg. No.: |
08665161 |
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Legal Form : |
Private limited with Share Capital |
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LINE OF BUSINESS : |
RETAIL SALE IN NON-SPECIALISED STORES [WE
TRIED TO CONFIRM / OBTAIN THE DETAILED ACTIVITY BUT THE SAME IS NOT AVAILABLE
FROM ANY SOURCES] |
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No. of Employees : |
Not Available |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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
|
Source
: CIA |
141 CHEETHAM
HILL ROAD
GROUND FLOOR 2ND OFFICE
MANCHESTER
M8 8LY
United Kingdom
Company Number: 08665161
Foundation: 27/08/2013
Status Active - Newly Incorporated
Telephone 0151 4280419 /07885283500
No exact match CCJs are recorded against
the company.
No recent changes in directorship are recorded. The company is not part of a group. Newer companies
are proven to be more of an insolvency risk than more established companies. The company
was established over 12 months ago.
Legal form
Private limited with Share Capital
Foundation
27/08/2013
Company No.
08665161
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Name |
Currency |
Number of shares |
Share type |
Nominal value |
|
Mr. Baldev Saggar |
GBP |
1 |
Ordinary |
1 |
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Total |
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GBP 1 |
Director
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Name |
Address |
Date of birth |
Nationality |
Appointment date |
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Mr. baldev Saggar |
18, Calder Grange, Liverpool L183LW |
26/11/1946 |
British |
27/08/2013 |
No Secretary appointed
Ground Floor 2nd Office, 141 Cheetham Hill Road, Manchester, Lancashire M8 8LY
Main Activity
SIC03 Other retail non-specialised stores
SIC07 Other retail sale in non-specialised stores
Economic data
Turnover Employees
Not Stated Not Stated
Events
Company history
Date Action
29.08.2013 New Board member Mr. B Saggar appointed
20.11.2014 Annual Returns
County Court
Judgments (CCJs)
There are no County Court Judgments listed against this company
Accounts
No financial statement filed.
No trading details have yet been published. The first financial statement is due to be filed by 27.05.2015. This business appears to be operating from the private address of the principal. Mr Saggar has been listed on the electoral register since
2002. We have been unable to interview Mr Saggar and the property seems vacant during the day. The property has a current value of around GBP 480,000. Remains to be seen how it further develops.
Note: The company name was changed on 15.01.2015 to R.S.Imp-Exp Ltd., Appears to have traded as B R Supplies.
The registered office has also changed on 13.01.2015 to 18, Calder Grange, Liverpool, L18 3LW.
These changes have not yet been up dated on our systems
Activity: importers and exporters
Trading Address: 18, Calder Grange, Liverpool, L18 3Lw (Private address of the owner)
Branches: None
Employees: Just believed to be the principal
Bank: Not known
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.76 |
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|
1 |
Rs.94.02 |
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Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
NIS |
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 |
-- |
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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.