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Report No. : |
339520 |
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Report Date : |
07.09.2015 |
IDENTIFICATION DETAILS
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Name : |
FARTION BUSINESS LP |
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Registered Office : |
Suite 8008 4 Fullarton Street Ayr Scotland KA7
1UB |
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Country : |
United Kingdom |
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Date of Incorporation : |
05.02.2015 |
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Com. Reg. No.: |
SL019455 |
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Legal Form : |
Limited Partnership |
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Line of Business : |
Not Available |
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No. of Employee : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Business |
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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 |
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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).
|
Source
: CIA |
Company Name: FARTION
BUSINESS LP
Company No: SL019455
Company Status: Active -
Newly Incorporated
Registered Address: SUITE 8008 4 FULLARTON STREET AYR SCOTLAND KA7 1UB
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Company Number |
SL019455 |
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Company Name |
FARTION BUSINESS LP |
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Registered Address |
SUITE 8008 4 FULLARTON STREET AYR |
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Website Address |
- |
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Telephone Number |
- |
TPS |
- |
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Incorporation Date |
05/02/2015 |
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SIC07 |
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SIC07 Description |
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Principal Activity |
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Type |
Limited Partnership |
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FTSE Index |
- |
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Share Capital |
- |
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Currency |
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Filing Date of Accounts |
- |
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Accounts Due Date |
- |
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Charity Number |
- |
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Trading Address |
Suite 8008 4 Fullarton Street Ayr Ayrshire
KA7 1UB |
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Fax Number |
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FPS |
No |
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CCJ's |
0 (£0) |
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Mortgages |
0 |
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Accountant |
- |
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Group |
0 companies |
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Linkages |
0 companies |
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Countries |
In 0 countries |
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Year to date |
- |
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Turnover |
- |
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Pre Tax Profit |
- |
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Shareholder funds |
- |
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Employees |
- |
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Year to date |
- |
- |
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Turnover |
- |
- |
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Pre Tax Profit |
- |
- |
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Shareholder funds |
- |
- |
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Employees |
- |
- |
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This company has been treated as a New company in respect of the
rating/limit generated. |
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This company has not yet filed financial statements and is aged 12
months or less. |
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This company is based in a geographical area with a lower level of
corporate failures. |
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This company does not have any registered mortgage charges. |
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There have been no director resignations in the last 6 months. |
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Total Number of Exact CCJs - |
0 |
Total Value of Exact CCJs - |
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Total Number of Possible CCJs - |
0 |
Total Value of Possible CCJs - |
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Total Number of Satisfied CCJs - |
0 |
Total Value of Satisfied CCJs - |
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Total Number of Writs - |
- |
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Total Current Directors |
0 |
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Total Current Secretaries |
0 |
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Total Previous Directors / Company Secretaries |
0 |
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There are no notes to display. |
Status History
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No Status History found |
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No Event History found |
Previous Company
Names
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No Previous Names found |
Writ Details
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No writs found |
Statistics
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Group |
- |
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Linkages |
0 companies |
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Countries |
In 0 countries |
Summary
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Holding Company |
- |
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Ownership Status |
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Ultimate Holding Company |
- |
Group Structure
Full
No Group Structure
Previous
Director/Company Secretaries
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No Previous Director Details |
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Average Invoice Value |
n/a |
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Invoices available |
n/a |
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Paid |
n/a |
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Outstanding |
n/a |
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Trade Payment Data is information that we collect from selected third
party partners who send us information about their whole sales ledger. |
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Within Terms |
0-30 Days |
31-60 Days |
61-90 Days |
91+ Days |
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Paid |
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Outstanding |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.40 |
|
|
1 |
Rs.101.19 |
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Euro |
1 |
Rs.73.89 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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Report Prepared
by : |
SDA |
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.