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Report No. : |
322964 |
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Report Date : |
29.05.2015 |
IDENTIFICATION DETAILS
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Name : |
VENTURE LIGHTING EUROPE |
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|
|
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Registered Office : |
Castle
Donington Derby
Derbyshire De74 2us |
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Country : |
United Kingdom |
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Date of Incorporation : |
01.01.2006 |
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Com. Reg. No.: |
2896396 |
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Legal Form : |
Not Available |
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Line of Business : |
Subject is engaged in retail sale of furniture, lighting
equipment and household articles not elsewhere classified |
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No. of Employee : |
14 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
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 |
VENTURE LIGHTING EUROPE
2896396
CASTLE
DONINGTON DERBY DERBYSHIRE DE74 2US
|
Company
Name |
VENTURE LIGHTING EUROPE
|
|
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Trading
Address |
UNIT 11 SILLS ROAD |
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Post
Code |
DE74 2US |
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Senior
Executive |
MR PAUL NEWBOLD |
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Position
|
LOGISTICS MANAGER |
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Date
At Address |
01/01/2006 |
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Telephone
Number |
01332 856060 - View Details |
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|
TPS |
N |
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Premises
Type |
Shops & Retail Outlets |
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Number
of Employees |
14 |
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Business
Classification |
LIGHTING RETAILERS |
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SIC03
|
52440 |
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SIC03
Description |
Retail sale of furniture, lighting equipment and household
articles not elsewhere classified |
|
Fax
Number |
|
|
FPS |
N |
|
Website
Address |
http://www.venturelighting.co.uk |
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Exact
CCJ's |
0 |
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Possible
CCJ's |
0 |
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|
Exact Name & Address |
0 |
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Exact Address |
0 |
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Exact Name |
0 |
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This company has been treated as a Non Limited company in
respect of the rating/limit generated. |
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This company trades in an industry with a moderate level of
corporate failures. |
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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 operates from a type of property which has been associated
with a higher risk of corporate failure. |
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No CCJ`s Found |
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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.”
|
SIC03 |
CCJ`s |
Value |
|||
|
5244 |
1414 |
Ł4,112,491 |
|
SIC03 |
Bankruptcy |
Administration |
Liquidation |
Wound Up |
|
|
5244 |
0 |
28 |
448 |
2 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.90 |
|
|
1 |
Rs.98.16 |
|
Euro |
1 |
Rs.69.74 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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|
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Report Prepared
by : |
ASH |
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 |
|
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.