MIRA INFORM REPORT

 

 

Report No. :

345808

Report Date :

15.10.2015

 

IDENTIFICATION DETAILS

 

Name :

TEXTILE HIGH TECHNOLOGY GROUP LTD

 

 

Registered Office :

Chase Business Centre, 39-41 Chase Side, London, N14 5BP

 

 

Country :

United Kingdom 

 

 

Date of Incorporation :

29.05.2014

 

 

Com. Reg. No.:

09062074

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Not Available

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Dormant

 

 

Payment Behaviour :

--

 

 

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

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. 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).

 

Source : CIA

 

 

Company Name

 

TEXTILE HIGH TECHNOLOGY GROUP LTD

 

 

Company No

 

09062074

 

 

Company Status

 

Non Trading

 

 

Registered Address

 

CHASE BUSINESS CENTRE

39-41 CHASE SIDE

LONDON

N14 5BP

 

 

Company Summary

 

Registered Address

CHASE BUSINESS CENTRE

Trading Address

Chase Business Centre

 

39-41 CHASE SIDE

 

39-41 Chase Side

 

LONDON

 

London

 

N14 5BP

 

N14 5BP

Website Address

-

 

N14 5BP

 

 

Telephone Number

-

Fax Number

 

TPS

-

FPS

No

Incorporation Date

29/05/2014

 

 

Previous Name

 

Type

Private limited with Share Capital

 

 

FTSE Index

-

Date of Change

-

Filing Date of Accounts

31/05/2015

Currency

GBP

Share Capital

£1,000

SIC07

99999

Charity Number

-

SIC07 Description

DORMANT COMPANY

 

 

Principal Activity

The company was dormant during y/e 31.05.15.

 

 

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder

Funds Employees

31/05/2015

-

-

-

-

-

-

-

-

-

-

-

-

-

-

 

 

Mortgage Summary

 

Total Mortgage

0

Outstanding

0

Satisfied

0

 

 

Trade Debtors / Bad Debt Summary

 

Total Number of Documented Trade

0

Total Value of Documented Trade

£0

 

 

Commentary

 

No comments to display

 

 

CCJ

 

Total Number of Exact CCJs -

0

Total Value of Exact CCJs -

Total Number of Possible CCJs -

0

Total Value of Possible CCJs -

Total Number of Satisfied CCJs -

0

Total Value of Satisfied CCJs -

Total Number of Writs -

 

 

 

Total Current Directors

1

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

0

 

 

Current Directors

 

Name

Xiaoxing Xie

Date of Birth

19/03/1971

Officers Title

 

Nationality

Chinese

Present Appointments

1

Function

Director

Appointment Date

29/05/2014

 

 

Address

Chase Business Centre 39-41 Chase Side, London, N14 5BP

Current Company Secretary

 

Name

SKY CHARM SECRETARIAL SERVICES LIMITED

Date of Birth

-

Officers Title

 

Nationality

 

Present Appointments

1

Function

Company Secretary

Appointment Date

29/05/2014

 

 

Address

Chase Business Centre 39-41 Chase Side, London, N14 5BP

 

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

XIAOXING XIE

GBP

1,000

ORDINARY

1

100

 

 

Report Notes

 

There are no notes to display.

 

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

04/06/2015

New Accounts Filed

10/05/2015

Annual Returns

02/06/2014

New Board Member X. Xie appointed

02/06/2014

New Company Secretary SKY CHARM SECRETARIAL SERVICES LIMI appointed

 

 

Previous Company Names

 

No Previous Names found

 

Writ Details

 

No writs found

 

 

Statistics

 

Group

-

Linkages

0 companies

Countries

In 0 countries

 

 

Summary

 

Holding Company

-

Ownership Status

 

Ultimate Holding Company

-

 

 

Previous Director/Company Secretaries

 

No Previous Director Details

 

 

Average Invoice Value

n/a

Invoices available

n/a

Paid

n/a

Outstanding

n/a

 

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

 

Within Terms

0-30 Days

31-60 Days

61-90 Days

91+ Days

Paid

 

 

 

 

Outstanding

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.65.11

UK Pound

1

Rs.99.50

Euro

1

Rs.74.24

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

VNT

 

               

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%)

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.