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Report No. : |
344883 |
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Report Date : |
19.10.2015 |
IDENTIFICATION DETAILS
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Name : |
OASIS TEXTILE AND MANUFACTURE LTD |
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Registered Office : |
Winnington House, 2 Woodberry Grove |
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Country : |
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Date of Incorporation : |
11.09.2012 |
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Com. Reg. No.: |
08210214 |
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Legal Form : |
Private limited with Share Capital |
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Line of Business : |
Wholesale of textiles. |
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No. of Employee : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Dissolved |
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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
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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
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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OASIS TEXTILE AND MANUFACTURE LTD |
Telephone |
- |
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WINNINGTON HOUSE, 2 |
Fax |
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WOODBERRY GROVE |
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Website |
- |
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LONDON |
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N12 0DR |
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United Kingdom |
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Company Number: |
08210214 |
Status: |
Company is dissolved |
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Foundation: |
11/09/2012 |
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This company does not have any registered mortgage charges. There have been no director resignations in the last 6 months.
This company has not yet filed financial statements and is aged 19 months or more.
This company has been treated as a New company in respect of the rating/limit generated. This company is based in a geographical area with a moderate level of corporate failures.
LEGAL FORM
Private limited with Share Capital
FOUNDATION
11/09/2012
COMPANY NO.
08210214
SHAREHOLDERS
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Name |
Currency |
Number of shares |
Share type |
Nominal value |
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JABRAYIL NAGHIYEV |
GBP |
1 |
ORDINARY |
1 |
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Total Share Capital |
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GBP 1 |
DIRECTORS
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Name |
Address |
Date of |
Nationality |
Appointment date |
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Jabrayil Naghiyev |
45 Hamilton Terrace, 45 Hamilton |
10/05/1951 |
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11/09/2012 |
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Terrace, London NW8 9RG |
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SECRETARY
No Secretary appointed
560 High Road, London E11 3DH
Winnington House, 2 Woodberry Grove, London N12 0DR
Main activity
SIC03 Wholesale of textiles
SIC07 Wholesale of textiles
TURNOVER AND
EMPLOYEES
Turnover Employees
Not Stated Not Stated
SUPPLEMENTARY DATA
EVENTS
Company history
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Date |
Action |
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13/09/2012 |
New Board Member J. Naghiyev appointed |
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03/01/2014 |
Annual Returns |
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11/03/2014 |
Change in Reg.Office |
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11/03/2014 |
Change of Company Postcode |
COUNTY COURT
JUDGMENTS (CCJS)
There are no County Court Judgments listed against this company
No financial statement filed.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.64.97 |
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1 |
Rs.100.54 |
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Euro |
1 |
Rs.73.99 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
ANK |
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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.