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Report No. : |
345750 |
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Report Date : |
20.10.2015 |
IDENTIFICATION DETAILS
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Name : |
E U MATIC |
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|
|
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Registered Office : |
Herald Avenue, Coventry Business Park Coventry West Midlands |
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|
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Country : |
United Kingdom |
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|
|
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Date of Incorporation : |
Not Available |
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|
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Legal Form : |
Non Limited Company |
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|
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Line of Business : |
Manufacture of parts and accessories for motor vehicles and their engines |
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|
|
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No. of Employees : |
300 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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Status : |
Moderate |
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|
|
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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 – 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 Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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: E U MATIC
Registered Address: COVENTRYWEST
MIDLANDSCV5 6UB
|
Company Name |
E U MATIC |
|
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Trading Address |
HERALD AVENUE, COVENTRY BUSINESS PARK |
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Post Code |
CV5 6UB |
|
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Senior Executive |
MR SEAN SMITH |
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Position |
GENERAL MANAGER |
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Telephone Number |
024 7667 3333 - View Details |
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|
TPS |
N |
|
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Premises Type |
Manufacturing |
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Number of Employees |
300 |
|
|
Business Classification |
CAR ACCESSORY MANUFACTURERS |
|
|
SIC03 |
34300 |
|
|
SIC03 Description |
Manufacture of parts and accessories for
motor vehicles and their engines |
|
|
Fax Number |
|
|
FPS |
N |
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Website Address |
http://www.multimatic.com |
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Exact CCJ's |
0 |
|
Possible CCJ's |
0 |
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Exact Name & Address |
0 |
|
|
Exact Address |
0 |
|
|
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 higher 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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Average
Invoice Value |
27.25 |
|
Invoices
available |
1 |
|
Paid |
1 |
|
Outstanding |
0 |
|
Company Name |
Address |
Postcode |
|
E U MATIC |
HERALD AVENUE COVENTRY WEST MIDLANDS CV5 6UB |
CV5 6UB |
|
EUMATIC |
HERALD AVENUE COVENTRY WEST MIDLANDS CV5 6UB |
CV5 6UB |
|
Company Name |
Address |
Postcode |
|
E U MATIC |
HERALD AVENUE COVENTRY WEST MIDLANDS CV5 6UB |
CV5 6UB |
|
Company Name |
Address |
Postcode |
|
Amanda Spielman |
Ofqual Herald Avenue |
CV5 6UB |
|
Barry Raynes |
Unit 1150 Elliott Court Herald Avenue |
CV5 6UB |
|
Barry Wilkinson |
1160 Elliott Court Herald Avenue |
CV5 6UB |
|
Ben King |
Cv5 Offices Herald Avenue |
CV5 6UB |
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Christopher Morgan |
Units 1130-40 Elliott Court Herald Avenue |
CV5 6UB |
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Daniel Harrison |
1160 Elliott Court Herald Avenue |
CV5 6UB |
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Herdeep Nagra |
1170 Elliott Court Herald Avenue |
CV5 6UB |
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James Davies |
George House Herald Avenue |
CV5 6UB |
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Jennifer Raynes |
Unit 1150 Elliott Court Herald Avenue |
CV5 6UB |
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Jonathan Wood |
George House Herald Avenue |
CV5 6UB |
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SIC03 |
CCJ`s |
Value |
|
3430 |
114 |
Ł436,255 |
|
SIC03 |
Bankruptcy |
Administration |
Liquidation |
Wound Up |
|
3430 |
0 |
7 |
30 |
0 |
|
Date |
Description |
|
17/11/2011 |
Company Name changed |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 68.81 |
|
|
1 |
Rs. 100.11 |
|
Euro |
1 |
Rs. 73.74 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
DPT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.