MIRA INFORM REPORT
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Report No. : |
325761 |
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Report Date : |
09.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
FILMBAZAR LIMITED |
|
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|
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Registered Office : |
Cleedan House, 42 Coldharbour Lane, Harpenden, Al5 4un |
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|
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Country : |
United
Kingdom |
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Date of Incorporation : |
15.04.2015 |
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Com. Reg. No.: |
09543421 |
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|
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Legal Form : |
Private Limited With Share Capital |
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Line of Business : |
Motion Picture Production Activities |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
|
-- |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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
summary
|
Registered Address |
Cleedan House |
Trading Address |
Cleedan House |
|
Company Number |
09543421 |
FPS |
No |
|
Incorporation Date |
15/04/2015 |
Type |
Private limited with Share Capital |
|
Currency |
GBP |
Share Capital |
£100 |
|
SIC07 |
59111 |
SIC07 Description |
Motion Picture Production Activities |
Trade
Debtors / Bad Debt Summary
Total Number of Documented Trade 0
Total Value of Documented Trade £0
Commentary
|
This company has been treated as a New company in respect of the
rating/limit generated. |
|
This company has not yet filed financial statements and is aged 12
months or less. |
|
This company is based in a geographical area with a moderate level of
corporate failures. |
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This company does not have any registered mortgage charges. |
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There have been one or more director resignations in the last 6
months. |
Current
directors
|
Name |
Harsh Kedia |
Date of Birth |
21/02/1991 |
|
Officers Title |
Mr |
Nationality |
Indian |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
15/04/2015 |
||
|
Address |
Cleedan House 42 Coldharbour Lane, Harpenden, Hertfordshire, AL5 4UN |
||
Current
company secretary
TOP 20
SHAREHOLDERS
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
OVERSEAS FILMS LIMITED |
GBP |
100 |
ORDINARY |
1 |
100 |
Status
history
No status history found
Event
history
|
Date |
Description |
|
22/04/2015 |
Annual Returns |
|
21/04/2015 |
Annual Returns |
|
21/04/2015 |
Change in Reg.Office |
|
21/04/2015 |
Change of Company Postcode |
|
20/04/2015 |
New Board Member Mr H. Kedia appointed |
Previous
company names
No previous names found
Writ
details
No writs found
Summary
|
Holding Company |
OVERSEAS FILMS LIMITED |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
OVERSEAS FILMS LIMITED |
Group
structure
|
Company Name |
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
|
09134807 |
- |
N |
|
|
|
09543421 |
- |
N |
Previous
director/company secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
Graham Cowan |
47 |
1286 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.11 |
|
|
1 |
Rs.97.84 |
|
Euro |
1 |
Rs.71.12 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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|
|
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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 |
|
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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 |
|
|
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 |
-- |
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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.