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Report No. : |
312839 |
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Report Date : |
14.03.2015 |
IDENTIFICATION DETAILS
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Name : |
K P I T INFOSYSTEMS
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Registered Office : |
Annexe Hurst Grove, Sandford Lane, Hurst, Reading, Berkshire,
Post Code Rg10 0sq |
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Country : |
United Kingdom |
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Date of Incorporation : |
Not Available |
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Com. Reg. No.: |
1041274 |
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Legal Form : |
Private Company |
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Line of Business : |
Engaged as IT Consulting and Product Engineering focused on Technology
Solutions for corporations
specializing in Automotive & Transportation, Manufacturing as well as Energy
& Utilities. |
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No of Employees : |
13 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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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
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
United Kingdom |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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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.
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Source
: CIA |
K P I T INFOSYSTEMS
1041274
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Company Name |
K P I T INFOSYSTEMS |
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Registered address / Trading Address |
ANNEXE HURST GROVE, SANDFORD LANE |
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Post Code |
RG10 0SQ |
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Tel. No.: |
+44 118 934 5656 |
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Senior Executive |
MR PANKAJ SATHE |
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Position |
MANAGING DIRECTOR |
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Telephone Number |
0118 934 5656 |
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TPS |
Y |
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Legal Form |
Private Company |
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Premises Type |
Unclassified |
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Number of Employees |
13 |
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Business Classification |
Engaged as IT Consulting and Product Engineering focused on
Technology Solutions for corporations
specializing in Automotive & Transportation, Manufacturing as well as
Energy & Utilities. |
||
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Fax Number |
0118 951 9409 |
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FPS |
N |
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Website Address |
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This company has been treated as a Non Limited company. |
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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 lower risk of corporate failure. |
Other Non Limited
Companies which match this Company Name & Address - 1 Result found
|
Company Name |
Address |
Postcode |
|
K P I T INFOSYSTEMS |
ANNEXE HURST GROVE HURST READING BERKSHIRE RG10 0S |
RG10 0SQ |
Other Non Limited
Companies which match this Company Name - 1 Result found
|
Company Name |
Address |
Postcode |
|
K P I T INFOSYSTEMS |
ANNEXE HURST GROVE HURST READING BERKSHIRE RG10 0S |
RG10 0SQ |
Company Address
|
Company Name |
|||
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House Name / Number |
Telephone Number |
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Street |
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Locality |
|||
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City / Town |
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Post Code |
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Total number &
value of CCJ’s in this SIC03
|
SIC03 |
CCJ`s |
Value |
|
7222 |
1382 |
£7,393,515 |
Total number of
Negative Events in this SIC03
|
SIC03 |
Bankruptcy |
Administration |
Liquidation |
Wound Up |
|
7222 |
0 |
28 |
526 |
10 |
|
Date |
Description |
|
18/05/2012 |
Company Activities |
|
18/05/2012 |
Company Name changed |
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18/05/2012 |
Contact /Exec details changed |
|
17/05/2011 |
Contact /Exec details changed |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.67 |
|
UK Pound |
1 |
Rs.93.16 |
|
Euro |
1 |
Rs.66.42 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
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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 |
|
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 |
|
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 |
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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.