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Report No. : |
309852 |
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Report Date : |
20.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
HOUSE OF FRASER
NATIONAL DISTRIBUTION CENTRE |
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|
|
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Registered Office : |
Park Farm Industrial Estate,
Wellingborough, Northamptonshire, Post Code NN8 6BN |
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|
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Country : |
United Kingdom |
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Date of Incorporation : |
Not Available |
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Com. Reg. No.: |
5686825 |
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|
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Legal Form : |
Private Company |
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Line of Business : |
· Engaged as Distribution Service Providers ·
Engaged in
Freight transport by road [NOTE: We tried to confirm / obtain the detailed activity but the same is not available from any sources.] |
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|
|
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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
|
MIRA’s Rating : |
nB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
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Status : |
New Company |
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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 |
|
Restricted |
C2 |
|
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 |
|
Company Name |
HOUSE OF FRASER NATIONAL DISTRIBUTION
CENTRE |
|
Company No.: |
5686825 |
|
Registered
/ Trading Address |
SHAW CLOSE PARK FARM INDUSTRIAL ESTATE WELLINGBOROUGH NORTHAMPTONSHIRE |
|
|
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Post Code |
NN8 6BN |
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Telephone Number |
0844 800 3777 |
|
Legal Type |
Private Company |
|
TPS |
N |
|
Premises Type |
Transport |
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Number of Employees ---- |
|
|
Business Classification |
· Engaged as Distribution Service Providers ·
Engaged in
Freight transport by road |
This company has been treated as a Non Limited company.
This company trades in an industry with a moderate level
of corporate failures.
This is still a relatively new non limited company and
therefore at a more vulnerable stage of its life cycle.
This company is based in a geographical area with a low
level of corporate failures.
This company operates from a type of property which has
been associated with a higher risk of corporate failure.
No CCJ`s Found
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.”
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.”
Other Non Limited Companies which match this Company Name
& Address - 1 Result found
Company Name Address
Postcode
HOUSE OF FRASER NATIONAL DISTRIBUTION SHAW CLOSE PARK FARM NN8 6BN
CENTRE INDUSTRIAL
ESTATE
WELLINGBORO
Other Non Limited Companies which match this Company Name
- 1 Result found
Company Name
HOUSE OF FRASER NATIONAL DISTRIBUTION CENTRE
Company
Address
SHAW CLOSE PARK FARM INDUSTRIAL ESTATE
WELLINGBORO
Postcode
NN8 6BN
Telephone Number
0844 800 3777
Total number & value of CCJ’s in this SIC03
SIC03 CCJ`s
Value
6024 2645
£13,545,711
Total number of Negative Events in this SIC03
SIC03 Bankruptcy
Administration Liquidation Wound Up
6024 0
83 1021 1
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.42 |
|
UK Pound |
1 |
Rs.92.99 |
|
Euro |
1 |
Rs.67.29 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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 |
|
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 |
-- |
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.