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Report No. : |
324868 |
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Report Date : |
28.05.2015 |
IDENTIFICATION DETAILS
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Name : |
GLOBAL RECYCLING METALS (UK) LIMITED |
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Registered Office : |
18-20 Darnall Roadsuite G4sheffields9 5AA |
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Country : |
United Kingdom |
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Date of Incorporation : |
19.05.2014 |
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Com. Reg. No.: |
09046507 |
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Legal Form : |
Private limited with Share Capital |
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Line of Business : |
Wholesale of Waste and Scrap. |
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No. of Employee : |
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 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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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
T he 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 |
GLOBAL RECYCLING METALS
(UK) LIMITED
Company No:
09046507
Registered
Address:
18-20 DARNALL ROADSUITE G4SHEFFIELDS9 5AA
|
Registered
Address |
18-20
DARNALL ROAD |
Trading
Address |
Suite G4 Epic House |
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Website
Address |
-- |
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Telephone
Number |
-- |
Fax Number |
-- |
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TPS |
-- |
FPS |
No |
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Incorporation
Date |
19/05/2014 |
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|
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Previous
Name |
-- |
Type |
Private limited with Share Capital |
|
FTSE Index |
-- |
Date of
Change |
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|
Filing Date
of Accounts |
-- |
Currency |
GBP |
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Share
Capital |
£100 |
SIC07 |
46770 |
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Charity
Number |
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SIC07
Description |
WHOLESALE OF WASTE AND SCRAP |
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Principal
Activity |
-- |
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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 higher 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 |
3 |
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Total Current Secretaries |
0 |
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Total Previous Directors / Company Secretaries |
1 |
|
Name |
Paul William Duffin |
Date of Birth |
20/04/1956 |
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Officers Title |
Mr |
Nationality |
British |
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Present Appointments |
17 |
Function |
Director |
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Appointment Date |
18/12/2014 |
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Address |
18-20 Darnall Road, Suite G4, Sheffield, S9 5AA |
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Other Actions |
View Director Report |
View Consumer Report |
View AML Report |
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View Trace Report |
|||
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Disqualified |
Disqualified End Date |
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Disqualification Exception |
No |
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Name |
Muhammad Sohail |
Date of Birth |
24/11/1965 |
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Officers Title |
Mr |
Nationality |
Pakistani |
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Present Appointments |
2 |
Function |
Director |
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Appointment Date |
19/05/2014 |
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Address |
Al Habbai Building Suite # 201, 2nd Floor, Port Saeed, Deira, Dubai |
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Other Actions |
View Director Report |
View Consumer Report |
View AML Report |
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View Trace Report |
|||
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Disqualified |
Disqualified End Date |
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Disqualification Exception |
No |
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Name |
Zahid Manzoor Ahmad |
Date of Birth |
19/02/1975 |
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Officers Title |
Mr |
Nationality |
Pakistani |
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Present Appointments |
1 |
Function |
Director |
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Appointment Date |
19/05/2014 |
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Address |
Al Habai Suite # 201, 2nd Floor, Port Saeed, Deira, Dubai |
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Other Actions |
View Director Report |
View Consumer Report |
View AML Report |
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View Trace Report |
|||
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Disqualified |
Disqualified End Date |
||
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Disqualification Exception |
No |
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--
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Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
|
MUHAMMAD SOHAIL SULEMAN |
GBP |
50 |
ORDINARY |
1 |
50 |
|
ZAHID MANZOOR AHMAD |
GBP |
50 |
ORDINARY |
1 |
50 |
There are no notes to display.
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No Status History found |
|
Date |
Description |
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22/12/2014 |
New Board Member Mr P.W. Duffin appointed |
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14/11/2014 |
Annual Returns |
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12/11/2014 |
Mr M.H. Sohail has resigned as company secretary |
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31/10/2014 |
Change in Reg.Office |
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31/10/2014 |
Change of Company Postcode |
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09/07/2014 |
New Company Secretary Mr M.H. Sohail appointed |
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21/05/2014 |
New Board Member Mr Z.M. Ahmad appointed |
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21/05/2014 |
New Board Member Mr M.S. Suleman 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 |
- |
No Group Structure
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Name |
Current Directorships |
Previous Directorships |
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Muhammad Hassnat Sohail |
0 |
1 |
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Average Invoice Value |
n/a |
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Invoices available |
n/a |
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Paid |
n/a |
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Outstanding |
n/a |
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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.63.95 |
|
|
1 |
Rs.98.64 |
|
Euro |
1 |
Rs.69.86 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ANK |
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.