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Report No. : |
351883 |
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Report Date : |
30.11.2015 |
IDENTIFICATION DETAILS
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Name : |
LINEN DIRECT LIMITED |
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Registered Office : |
1st Floor, 2 Woodberry Grove, Finchley, N12 0dr |
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Country : |
United
Kingdom |
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Date of Incorporation : |
19.11.2013 |
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Com. Reg. No.: |
08780707 |
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Legal Form : |
Private Limited With Share Capital |
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Line of Business : |
Non Trading Company |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Dormant |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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. 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 has been a net importer of energy since 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 6.0% in 2014.
In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.7% and in 2014, 2.6%, accelerating unexpectedly because of greater consumer spending and a recovering housing market.
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).
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Source
: CIA |
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Registered Address |
1st Floor |
Trading Address |
1st Floor |
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Website Address |
-- |
Telephone Number |
-- |
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TPS |
-- |
FPS |
-- |
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Incorporation Date |
19.11.2013 |
Company Number |
08780707 |
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Previous Name |
-- |
Type |
Private Limited
with Share Capital |
|
Date of Change |
-- |
Filing Date of
Accounts |
27.07.2015 |
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Currency |
GBP |
Share Capital |
£2 |
|
SIC07 |
74990 |
Charity Number |
-- |
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SIC07 Description |
Non Trading
Company |
Principal Activity |
The company was
dormant during y/e 30.11.2014 |
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder |
Funds Employees |
|
30/11/2014 |
-- |
-- |
-- |
-- |
|
-- |
-- |
-- |
-- |
-- |
|
-- |
-- |
-- |
-- |
-- |
Total Mortgage 0
Outstanding 0
Satisfied 0
Total Number of Documented
Trade 0
Total Value of Documented
Trade £0
No comments to display
|
Name |
Patricia Doyle |
Date of Birth |
17/11/1962 |
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Officers Title |
Ms |
Nationality |
Irish |
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Present Appointments |
1 |
Function |
Director |
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Appointment Date |
19/11/2013 |
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|
Address |
20 Quay Street, Skerries, Dublin, COU NTY |
||
|
Name |
Garrett Mc Mahon |
Date of Birth |
23/05/1960 |
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Officers Title |
Mr |
Nationality |
Irish |
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Present Appointments |
1 |
Function |
Director |
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Appointment Date |
19/11/2013 |
||
|
Address |
20 Quay Street, Skerries, Dublin, COU NTY |
||
|
Name |
Garrett Mc Mahon |
Date of Birth |
- |
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Officers Title |
Mr |
Nationality |
|
|
Present Appointments |
1 |
Function |
Company Secretary |
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Appointment Date |
19/11/2013 |
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|
Address |
20 Quay Street, Skerries, Dublin, COU NTY |
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Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
|
GARRETT MCMAHON |
GBP |
1 |
ORDINARY |
1 |
50 |
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PATRICK DOYLE |
GBP |
1 |
ORDINARY |
1 |
50 |
There are no notes to display.
No status history found
|
Date |
Description |
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30/07/2015 |
New Accounts Filed |
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24/02/2015 |
Annual Returns |
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21/11/2013 |
New Company Secretary Mr G. Mc Mahon appointed |
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21/11/2013 |
New Board Member Mr G. Mc Mahon appointed |
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21/11/2013 |
New Board Member Ms P. Doyle appointed |
No writs found
No group structure
No previous director details
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.75 |
|
|
1 |
Rs.100.67 |
|
Euro |
1 |
Rs.70.87 |
|
GBP |
1 |
Rs.0.015 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
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|
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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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 |
-- |
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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.