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Report No. : |
311630 |
|
Report Date : |
13.03.2015 |
IDENTIFICATION DETAILS
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Name : |
TREXPORT INDUSTRIAL LLP |
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|
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Registered Office : |
175 Darkes Lane, Suite
B, 2nd Floor, Potters Bar, En6 1bw |
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Country : |
United Kingdom |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
22.03.2013 |
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Com. Reg. No.: |
OC383665 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Subject act as Trade Agent for Agriculture Product [NOTE: 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 [NOTE: We tried to confirm the
number of employees but no one is ready to part any information from the
company management.] |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 – 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 |
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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 |
TREXPORT INDUSTRIAL LLP
OC383665
Registered Address
175 DARKES LANE
SUITE
B, 2ND FLOOR
POTTERS BAR
EN6 1BW
Trading Address
Suite
B, 2nd Floor
Brosnan House
175 Darkes Lane
Potters Bar, Hertfordshire
EN6 1BW
FPS No
Incorporation Date 22/03/2013
Type Limited Liability
Partnership
Filing Date of Accounts 13/05/2014
Principal Activity
Subject act as Trade Agent for Agriculture Product
Year
to Date Turnover Pre Tax Profit Shareholder
31/03/2014 £2,803 £1,303 £1,603
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This company has been treated as a Small company |
|
The latest Balance Sheet indicates a very positive net working capital
position. |
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The latest cash balances represent a positive level in terms of the
overall outstanding creditor obligations. |
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Name |
OSTBERG LTD. |
Date of Birth |
- |
|
Officers Title |
Nationality |
||
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Present Appointments |
1 |
Function |
LLP Designated Member |
|
Appointment Date |
22/03/2013 |
||
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Address |
8 Copthall, Roseau Valley, 00152 |
||
|
Name |
KENMARK INC. |
Date of Birth |
- |
|
Officers Title |
Nationality |
||
|
Present Appointments |
1 |
Function |
LLP Designated Member |
|
Appointment Date |
22/03/2013 |
||
|
Address |
8 Copthall, Roseau Valley, 00152 |
||
|
Date Of Accounts |
31/03/14 |
|
Weeks |
53 |
|
Currency |
GBP |
|
Consolidated A/cs |
N |
|
Turnover |
£2,803 |
|
Export |
- |
|
Cost of Sales |
- |
|
Gross Profit |
- |
|
Wages & Salaries |
£700 |
|
Directors Emoluments |
£700 |
|
Operating Profit |
£1,303 |
|
Depreciation |
- |
|
Audit Fees |
- |
|
Interest Payments |
- |
|
Pre Tax Profit |
£1,303 |
|
Taxation |
- |
|
Profit After Tax |
£1,303 |
|
Dividends Payable |
- |
|
Retained Profit |
£1,303 |
|
Date Of Accounts |
31/03/14 |
|
Tangible Assets |
0 |
|
Intangible Assets |
0 |
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Total Fixed Assets |
0 |
|
Stock |
0 |
|
Trade Debtors |
0 |
|
Cash |
£3,103 |
|
Other Debtors |
0 |
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Miscellaneous Current Assets |
0 |
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Total Current Assets |
£3,103 |
|
Trade Creditors |
£1,500 |
|
Bank Loans & Overdrafts |
0 |
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Other Short Term Finance |
0 |
|
Miscellaneous Current Liabilities |
0 |
|
Total Current Liabilities |
£1,500 |
|
Bank Loans & Overdrafts and LTL |
0 |
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Other Long Term Finance |
0 |
|
Total Long Term Liabilities |
0 |
.
|
Date Of Accounts |
31/03/14 |
|
Called Up Share Capital |
- |
|
P & L Account Reserve |
£1,303 |
|
Revaluation Reserve |
- |
|
Sundry Reserves |
£300 |
|
Shareholder Funds |
£1,603 |
|
Date Of Accounts |
31/03/14 |
|
Net Worth |
£1,603 |
|
Working Capital |
£1,603 |
|
Total Assets |
£3,103 |
|
Total Liabilities |
£1,500 |
|
Net Assets |
£1,603 |
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Date Of Accounts |
31/03/14 |
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Contingent Liability |
NO |
|
Capital Employed |
£1,603 |
|
Number of Employees |
- |
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Auditors |
|
|
Auditor Comments |
The company is exempt from audit |
|
Date Of Accounts |
31/03/14 |
|
Pre-tax profit margin % |
46.49 |
|
Current ratio |
2.07 |
|
Sales/Net Working Capital |
1.75 |
|
Gearing % |
0 |
|
Equity in % |
51.70 |
|
Creditor Days |
198.53 |
|
Debtor Days |
- |
|
Liquidity/Acid Test |
2.06 |
|
Return On Capital Employed % |
81.28 |
|
Return On Total Assets Employed % |
41.99 |
|
Current Debt Ratio |
0.93 |
|
Total Debt Ratio |
0.93 |
|
Stock Turnover Ratio % |
- |
|
Return on Net Assets Employed % |
81.28 |
|
Date |
Description |
|
20/05/2014 |
New Accounts Filed |
|
03/04/2014 |
Annual Returns |
|
26/03/2013 |
New Board Member KENMARK INC. appointed |
|
26/03/2013 |
New Board Member OSTBERG LTD. appointed |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.57 |
|
UK Pound |
1 |
Rs.93.57 |
|
Euro |
1 |
Rs.65.95 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MNL |
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 |
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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 |
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-- |
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.