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Report No. : |
325993 |
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Report Date : |
08.06.2015 |
IDENTIFICATION DETAILS
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Name : |
BASS PREMIER CO |
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Registered Office : |
London EC1N 8LE |
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Country : |
United Kingdom |
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Date of Incorporation : |
01.01.1997 |
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Com. Reg. No.: |
5221304 |
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Legal Form : |
Not Available |
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Line of Business : |
Manufacture of jewellery and related articles not elsewhere classified |
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No. of Employees : |
5 |
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
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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. 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 |
BASS PREMIER CO
5221304
LONDON EC1N 8LE
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Company Name |
BASS PREMIER CO 5221304 |
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Trading Address |
63-66 HATTON GARDEN |
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Post Code |
EC1N 8LE |
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Senior Executive |
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Position |
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Date At Address |
01/01/1997 |
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Telephone Number |
020 7242 2278 - View Details |
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TPS |
N |
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Premises Type |
Manufacturing |
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Number of Employees |
5 |
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Business Classification |
DIAMOND CUTTERS MERCHANTS AND POLISHERS |
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SIC03 |
36220 |
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SIC03 Description |
Manufacture of jewellery and related articles not elsewhere classified |
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Fax Number |
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FPS |
N |
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Website Address |
- |
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Exact CCJ's |
0 |
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Possible CCJ's |
0 |
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Exact Name & Address |
0 |
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Exact Address |
0 |
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Exact Name |
0 |
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This company trades in an industry with a moderate level of corporate failures. |
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This company has been trading for over 15 years. |
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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. |
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No CCJ`s Found |
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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.”
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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.”
Directors last
filed addresses which have been matched to this company’s postcode - 169
Results found
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Company Name |
Address |
Postcode |
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Alan Clarke |
C/o. Tobin Associates Ltd 4th Floor |
EC1N 8LE |
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Alexis Demetriades |
4th Floor |
EC1N 8LE |
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Allan Hooper |
63-66 Hatton Garden |
EC1N 8LE |
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Andrea Pirisi |
63-66 Hatton Garden Hatton Garden |
EC1N 8LE |
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Andreas Heumann |
4th Floor |
EC1N 8LE |
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Andrew Farquharson |
Fifth Floor |
EC1N 8LE |
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Andrew Sykes |
4th Floor 63/66 |
EC1N 8LE |
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Aniruddha Mukherjee |
Ip Federation Fifth Floor 63-66 Hatton Garden |
EC1N 8LE |
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Anne Whitaker |
4th Floor 63-66 Hatton Garden |
EC1N 8LE |
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Anthony Baker |
4th Floor |
EC1N 8LE |
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Company Address |
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Company Name BASS PREMIER CO |
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House Name / Number |
Telephone Number 020 7242 2278 |
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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 LONDON |
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Post Code EC1N 8LE |
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This company has been matched to SIC Code 3622 classified as Manufacture of jewellery and related articles not elsewhere classified
There are 1037 companies within this classification.
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SIC03 |
CCJ`s |
Value |
|||
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3622 |
49 |
Ł229,750 |
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SIC03 |
Bankruptcy |
Administration |
Liquidation |
Wound
Up |
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3622 |
0 |
6 |
33 |
0 |
No Event History found
DIAMOND INDUSTRY – INDIA
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From time immemorial, India is well known in the world
as the birthplace for diamonds. It is difficult to trace the origin of
diamonds but history says that in the remote past, diamonds were mined only in
India. Diamond production in India can be traced back to almost 8th
Century B.C. India, in fact, remained undisputed leader till 18th
Century when Brazilian fields were discovered in 1725 followed by emergence of
S. Africa, Russia and Australia.
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The achievement of the Indian diamond industry was
possible only due to combination of the manufacturing skills of the Indian
workforce and the untiring and unflagging efforts of the Indian diamantaires,
supported by progressive Government policies.
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The area of study of family owned diamond businesses
derives its importance from the huge conglomerate of family run organizations
which operate in the diamond industry since many generations.
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Some of the basic traits of family run business
enterprises include spirit of entrepreneurship, mutual trust lowers transaction
costs, small, nimble and quick to react, information as a source of advantage
and philanthropy.
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Family owned diamond businesses need to improve on
many fronts including higher standard of corporate governance, long-term
performance – focused strategies, modern management and technology.
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Utmost caution is to be exercised while dealing with
some medium and large diamond traders which are usually engaged in fictitious
import – export, inter-company transactions, financially assisted by banks. In
the process, several public sector banks lost several hundred million rupees.
They mostly diverted borrowed money for diamond business into real estate and
capital markets.
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Excerpts from Times of India dated 30th
October 2010 is as under –
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Gem & Jewellery Export Promotion Council in its
statistical data has shown the export of polished diamonds to have increase by
28 % in February 2013. Compared to $ 1.4 bn worth of polished diamond export in
February, 2012, India exported $ 1.84 billion worth of polished diamonds in February
2013. A senior executive of GJEPC said, “Export of cut and polished diamonds
started falling month-wise after the imposition of 2 % of import duty on the
polished diamonds. But February, 2013 has given a new ray of hope to the
industry as the export of polished diamonds has actually increased by 28 %. It
means the industry is on the track of recovery and round tripping of
diamonds has stopped completely.” Demand has started coming from the US, the
UK, Japan and China. India’s polished diamond export is expected to cross $ 21
bn in 2013-14.
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The banking sector has started exercising restraint
while following prudent risk management norms when lending money to gems and
jewellery sector. This follows the implementation of Basel III accord – a
global voluntary regulatory standard on bank capital adequacy, stress testing
and market liquidity.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.63.90 |
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|
1 |
Rs.97.97 |
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Euro |
1 |
Rs.71.82 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
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Report Prepared
by : |
VNT |
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.