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Report No. : |
326900 |
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Report Date : |
11.06.2015 |
IDENTIFICATION DETAILS
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Name : |
YAKIMA OIL TRADING, LLP |
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Registered Office : |
7 Welbeck Street, London, W1G 9YE |
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Country : |
United Kingdom |
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Date of Incorporation : |
10.02.2014 |
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Com. Reg. No.: |
OC390985 |
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Legal Form : |
Not Available |
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Line of Business : |
Not Available |
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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 |
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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 |
In absence of financials, no credit limit could be recommended.
Company
Name: YAKIMA OIL TRADING, LLP
Company
No: OC390985
Company
Status: Active - Newly
Incorporated
Registered
Address: 7 WELBECK STREET LONDON W1G
9YE
Registered
Address 7 WELBECK STREET, LONDON,
W1G 9YE
Trading
Address 7 Welbeck Street,
London, W1G 9YE
Website
Address -
Telephone
Number -
Fax
Number -
TPS
-
FPS
No
Incorporation
Date 10/02/2014
Previous
Name -
Type
-
Other
-
FTSE
Index -
Date
of Change -
Filing
Date of Accounts -
Currency
-
Share
Capital -
SIC07
-
Charity
Number -
SIC07
Description -
Principal
Activity -
Total
Mortgage 0
Outstanding 0
Satisfied 0
Total
Number of Documented Trade 0
Total
Value of Documented Trade £0
|
This
company has been treated as a New company in respect of the rating/limit
generated. |
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This
company has not yet filed financial statements and is aged 12 months or less.
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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 no director resignations in the last 6 months. |
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Total
Number of Exact CCJs - |
0 |
Total
Value of Exact CCJs - |
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|
Total
Number of Possible CCJs - |
0 |
Total
Value of Possible CCJs - |
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|
Total
Number of Satisfied CCJs - |
0 |
Total
Value of Satisfied CCJs - |
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|
Total
Number of Writs - |
- |
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Total
Current Directors |
2 |
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Total
Current Secretaries |
0 |
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Total
Previous Directors / Company Secretaries |
2 |
|
Name |
2000
S INVESTMENT GROUP LTD |
Date
of Birth |
- |
|
Officers
Title |
Nationality |
||
|
Present
Appointments |
1 |
Function |
LLP
Designated Member |
|
Appointment
Date |
18/03/2014 |
||
|
Address |
Hunkins
Waterfront Plaza Suite 556, Main Street, Charlestown |
||
|
Name |
IVYCITY
WORLDWIDE LIMITED |
Date
of Birth |
- |
|
Officers
Title |
Nationality |
||
|
Present
Appointments |
1 |
Function |
LLP
Designated Member |
|
Appointment
Date |
10/02/2014 |
||
|
Address |
Trident
Chambers Wickhams Cay, Road Town, Tortola |
||
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There
are no notes to display. |
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No
Status History found |
|
Date |
Description |
|
03/05/2015 |
Annual
Returns |
|
17/09/2014 |
YAKIMA
TRADING CORP. has left the board |
|
17/09/2014 |
New
Board Member IVYCITY WORLDWIDE LIMITED appointed |
|
21/03/2014 |
1000
INVESTMENT GROUP LIMITED has left the board |
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21/03/2014 |
New
Board Member 2000 S INVESTMENT GROUP LTD appointed |
|
12/02/2014 |
New
Board Member 1000 INVESTMENT GROUP LIMITED appointed |
|
12/02/2014 |
New
Board Member YAKIMA TRADING CORP. appointed |
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No
Previous Names found |
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No
writs found |
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Group |
-
|
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Linkages |
0
companies |
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Countries |
In
0 countries |
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Holding
Company
|
-
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Ownership
Status
|
|
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Ultimate
Holding Company
|
-
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|
Name |
Current
Directorships |
Previous
Directorships |
|
|
YAKIMA
TRADING CORP. |
0 |
1 |
|
|
1000
INVESTMENT GROUP LIMITED |
0 |
1 |
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Average
Invoice Value
|
n/a
|
||
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Invoices
available
|
n/a
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||
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Paid |
n/a
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||
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Outstanding
|
n/a
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||
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Trade
Payment Data is information that we collect from selected third party
partners who send us information about their whole sales ledger. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.88 |
|
|
1 |
Rs.98.47 |
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Euro |
1 |
Rs.72.15 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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|
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
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 |
|
|
<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.