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Report No. : |
304595 |
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Report Date : |
31.01.2015 |
IDENTIFICATION DETAILS
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Name : |
CENTRAPART (UK) LTD |
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Formerly Known As : |
CENTRAPOT LIMITED |
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Registered Office : |
THE LOFT, UNIT 11, HUNTHAY BUSINESS PARK, AXMINSTER DEVON, EX13 5RJ |
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Country : |
United Kingdom |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
05.10.2005 |
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Com. Reg. No.: |
05584282 |
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Legal Form : |
Private Limited with Share Capital |
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Line of Business : |
Wholesale of agricultural machinery & accessories & implements, including tractors. |
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No. of Employee : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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 |
|
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 |
CENTRAPART (UK)
LTD Telephone - 01404
42811 Fax -
THE LOFT, UNIT 11 Website
- www.centrapart.com
HUNTHAY BUSINESS PARK
AXMINSTER DEVON
EX13 5RJ
United Kingdom
|
Company Number: |
05584282 |
Status: |
Active - Accounts Filed |
|
Foundation: |
05/10/2005 |
VAT No: |
N/A |
The latest Balance Sheet indicates a very positive net working capital
position. The latest cash balances represent a positive level in terms of the
overall outstanding creditor obligations. There has been an increase in
shareholders funds compared with the previous balance sheet.
This company has been treated as a Small company in respect of the
rating/limit generated. This company trades in an industry with a moderate level
of corporate failures.
This information is addressed exclusively o the addressee. Contractor is obligated to
provide updated information. Although maximum effort is used to collect actual
and exact information, it cannot be held accountable if there are any
particular inaccuracies contained within the information, which are not
considered as essential in terms of the objective for which the information is
provided to the addressee. Contractor and recipient conform to the rules of the
Name and Description Security Act, Nub.101/2000. According to the Name and
Description Security Act, recipient has the right to process or to use
forwarding data only for the purpose for which information has been sent to the
recipient. Usage for other purposes are acceptable only in the case referring
to valid regulations of the above mentioned act.
LEGAL FORM
Private limited with Share Capital
FOUNDATION
05/10/2005
COMPANY NO.
05584282
PREVIOUS NAMES
|
Date of Change |
Previous Name |
|
26/10/2005 |
CENTRAPOT LIMITED |
|
Name |
Currency |
Number of |
Share type |
Nominal value |
|
|
|
shares |
|
|
|
DENVER CADMAN |
GBP |
10 |
ORDINARY |
1 |
|
JAKE CADMAN |
GBP |
35 |
ORDINARY |
1 |
|
ROBERT WATSON CADMAN |
GBP |
45 |
ORDINARY |
1 |
|
WILLIAM CADMAN |
GBP |
10 |
ORDINARY |
1 |
|
Total Share Capital |
|
|
|
GBP 100 |
Management
|
|
|
|
|
|
DIRECTORS |
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|
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Name |
Address: |
Date of |
Nationality |
Appointment |
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|
|
birth |
date |
|
|
Mr Robert Watson |
Bridge House, Weston, Honiton, Devon |
13/09/1950 |
British |
05/10/2005 |
|
Cadman |
EX14 3NZ |
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|
|
|
Jean Anne Cadman |
Bridge House, Weston, Honiton, Devon EX14 3NZ |
04/04/1954 |
British |
05/10/2005 |
|
Name |
Address: |
Appointment date
|
|
Mr Robert Watson Cadman |
Bridge House, Weston, Honiton, Devon EX14 3NZ |
05/10/2005 |
The Loft, Unit 11, Hunthay Business Park, Axminster, Devon EX13 5RJ
MAIN ACTIVITY
|
SIC03 |
Wholesale of agricultural machinery & accessories &
implements, including tractors |
|
SIC07 |
Wholesale of agricultural machinery, equipment and supplies |
Economic
data
|
|
|
|
Turnover and Employees |
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|
|
Date of
Accounts Turnover |
|
Employees |
|
31/12/2011 |
Not Stated |
Not Stated |
|
31/12/2012 |
Not Stated |
Not Stated |
|
31/12/2013 |
Not Stated |
Not Stated |
Supplementary
data
|
||
|
EVENTS |
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|
|
Company history |
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|
Date |
Action |
|
|
22/06/2010 |
New Accounts Filed |
|
|
08/11/2010 |
Annual Returns |
|
|
13/07/2011 |
New Accounts Filed |
|
|
08/10/2011 |
Annual Returns |
|
|
26/09/2012 |
New Accounts Filed |
|
|
13/10/2012 |
Annual Returns |
|
|
11/09/2013 |
New Accounts Filed |
|
|
11/09/2013 |
New Accounts Filed |
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|
11/10/2013 |
Annual Returns |
|
|
17/09/2014 |
New Accounts Filed |
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|
19/11/2014 |
Change in Reg.Office |
|
|
19/11/2014 |
Change of Company Postcode |
|
|
21/11/2014 |
Annual Returns |
|
Mortgages
|
|
|
Charge created |
19/03/2007 |
|
Charge registered |
23/03/2007 |
|
Status |
OUTSTANDING |
|
Entitled person |
HSBC BANK PLC |
|
Secured amount |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
|
Mortgage detail |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL
BUILDINGS FIXTURESFIXED PLANT AND MACHINERY |
There are no County Court Judgments listed against this company
|
|
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
52 |
52 |
52 |
52 |
|
|
GBP |
GBP |
GBP |
GBP |
|
|
Group: No |
Group: No |
Group: No |
Group: No |
|
Turnover |
0 |
0 |
0 |
0 |
|
Export |
- |
- |
- |
- |
|
Cost of Sales |
- |
- |
- |
- |
|
Gross Profit |
- |
- |
- |
- |
|
Wages And Salaries |
0 |
0 |
0 |
0 |
|
Directors Emoluments |
- |
- |
- |
- |
|
Operating Profit |
- |
- |
- |
- |
|
Depreciation |
3,016 |
0 |
0 |
0 |
|
Audit Fees |
0 |
0 |
0 |
0 |
|
Interests Payments |
- |
- |
- |
- |
|
Pre Tax Profit |
0 |
0 |
0 |
0 |
|
Taxation |
- |
- |
- |
- |
|
Profit After Tax |
- |
- |
- |
- |
|
Dividends Payable |
- |
- |
- |
- |
|
Retained Profit |
- |
- |
- |
- |
|
|
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
52 |
52 |
52 |
52 |
|
|
GBP |
GBP |
GBP |
GBP |
|
|
Group: No |
Group: No |
Group: No |
Group: No |
|
Tangible Assets |
9,049 |
0 |
0 |
0 |
|
Intangible Assets |
0 |
0 |
0 |
0 |
|
Total Fixed Assets |
9,049 |
0 |
0 |
0 |
|
Stock |
91,109 |
126,569 |
57,867 |
227,717 |
|
Trade Debtors |
72,938 |
74,082 |
122,411 |
28,553 |
|
Cash |
65,399 |
57,288 |
16,843 |
45,848 |
|
Other Debtors |
0 |
0 |
0 |
0 |
|
Miscellaneous Current Assets |
0 |
0 |
0 |
0 |
|
Total Current Assets |
229,446 |
257,939 |
197,121 |
302,118 |
|
Trade Creditors |
89,410 |
134,519 |
85,349 |
260,994 |
|
Bank Loans and Overdraft |
0 |
0 |
0 |
0 |
|
Other Short Term Finance |
0 |
0 |
0 |
0 |
|
Miscellaneous Current Liabilities |
0 |
0 |
0 |
0 |
|
Total Current Liabilities |
89,410 |
134,519 |
85,349 |
260,994 |
|
Bank Loans and Overdrafts LTL |
7,445 |
0 |
0 |
0 |
|
Other Long Term Finance |
0 |
0 |
0 |
0 |
|
Total Long Term Liabilities |
7,445 |
0 |
0 |
0 |
|
|
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
52 |
52 |
52 |
52 |
|
|
GBP |
GBP |
GBP |
GBP |
|
|
Group: No |
Group: No |
Group: No |
Group: No |
|
Called Up Share Capital |
200 |
100 |
100 |
2 |
|
P and L Account Reserve |
141,440 |
123,320 |
111,672 |
41,122 |
|
Revaluation Reserve |
0 |
0 |
0 |
0 |
|
Sundry Reserves |
0 |
0 |
0 |
0 |
|
Shareholders Funds |
141,640 |
123,420 |
111,772 |
41,124 |
|
|
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
52 |
52 |
52 |
52 |
|
|
GBP |
GBP |
GBP |
GBP |
|
|
Group: No |
Group: No |
Group: No |
Group: No |
|
Net Worth |
141,640 |
123,420 |
111,772 |
41,124 |
|
Working Capital |
140,036 |
123,420 |
111,772 |
41,124 |
|
Total Assets |
238,495 |
257,939 |
197,121 |
302,118 |
|
Total Liabilities |
96,855 |
134,519 |
85,349 |
260,994 |
|
Net Assets |
141,640 |
123,420 |
111,772 |
41,124 |
|
|
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
52 |
52 |
52 |
52 |
|
|
GBP |
GBP |
GBP |
GBP |
|
|
Group: No |
Group: No |
Group: No |
Group: No |
|
Net Cash Flow from Operations |
0 |
0 |
0 |
0 |
|
Net Cash Flow before Financing |
0 |
0 |
0 |
0 |
|
Net Cash Flow from Financing |
0 |
0 |
0 |
0 |
|
Increase in Cash |
8,111 |
40,445 |
-29,005 |
-53,525 |
|
|
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
31/12/2010 |
|
|
52 |
52 |
52 |
|
52 |
|
|
GBP |
GBP |
GBP |
|
GBP |
|
|
Group: No |
Group: No |
Group: No |
|
Group: No |
|
Capital Employed |
149,085 |
123,420 |
111,772 |
|
41,124 |
FINANCIAL
RATIOS
|
|
|
|
|
|
Name |
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
Pre Tax Profit Margin |
0.0% |
0.0% |
0.0% |
0.0% |
|
Current Ration |
2.57 |
1.92 |
2.31 |
1.16 |
|
Sales or Net Working Capital |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gearing |
5.26 % |
0.00 % |
0.00 % |
0.00 % |
|
Equity |
59.39 % |
47.85 % |
56.70 % |
13.61 % |
|
Creditor Days |
0.00 |
0.00 |
0.00 |
0.00 |
|
Debtor Days |
0.00 |
0.00 |
0.00 |
0.00 |
|
Liquidity or Acid test |
1.54 |
0.97 |
1.63 |
0.28 |
|
Return on Capital Employed |
0.0% |
0.0% |
0.0% |
0.0% |
|
Return on Total Assets Employed |
0.0% |
0.0% |
0.0% |
0.0% |
|
Current Debt Ratio |
0.63 % |
1.08 % |
0.76 % |
6.34 % |
|
Name |
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
Total Debt Ratio |
0.68 % |
1.08 % |
0.76 % |
6.34 % |
|
Stock Turnover Ratio |
0.0% |
0.0% |
0.0% |
0.0% |
|
Return on Net Assets Employed |
0.0% |
0.0% |
0.0% |
0.0% |
Only abbreviated financial statement has been filed. In 2013 Post Appropriation
Profit amounted to GBP 18,120 (2012 Profit GBP 11,648). The Annual Turnover is
estimated to be in excess of GBP 1.5 million. The general financial position
seems to be in order and good reserves have been built up. Remains to be seen
how it further performed in 2014.
Activity: Importer and Exporter of Tractor Parts
Trading Address: Bridge House Weston, Honiton, Exeter - Ex14 3nz, Devon,
Branches: None
Employees: 11-20
Bank: HSBC Bank PLC
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.76 |
|
|
1 |
Rs. 93.13 |
|
Euro |
1 |
Rs. 70.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
ASH |
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.