MIRA INFORM REPORT
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Report No. : |
341943 |
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Report Date : |
24.09.2015 |
IDENTIFICATION DETAILS
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Name : |
MINT VELVET CLOTHING LIMITED |
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Registered Office : |
Prospect House Crendon Streethigh Wycombebuckinghamshirehp13
6la |
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Country : |
United Kingdom |
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Date of Incorporation : |
15.05.2015 |
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Com. Reg. No.: |
09593110 |
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Legal Form : |
Private limited with Share Capital |
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Line of Business : |
Not Available [Note: We tried to confirm
the detailed activity but the same is not available from any sources] |
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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
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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).
|
Source
: CIA |
Company Name and address
MINT VELVET CLOTHING LIMITED
Company No
09593110
Registered Address
PROSPECT HOUSE CRENDON
STREETHIGH WYCOMBEBUCKINGHAMSHIREHP13 6LA
Company
summary
|
Company Number |
09593110 |
||
|
Company Name |
MINT VELVET
CLOTHING LIMITED |
||
|
Registered Address |
PROSPECT HOUSE
CRENDON STREET |
||
|
Website Address |
- |
||
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Telephone Number |
- |
TPS |
- |
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Incorporation Date |
15/05/2015 |
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SIC07 |
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SIC07 Description |
|||
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Principal Activity |
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Type |
Private limited
with Share Capital |
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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 |
28/02/2017 |
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Charity Number |
- |
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Trading Address |
Prospect House |
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|
Fax Number |
||
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FPS |
No |
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Additional information
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CCJ's |
0 (£0) |
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Mortgages |
0 |
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Accountant |
- |
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Ultimate Holding Company |
SABRE RETAIL FASHION LIMITED |
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Group |
19 companies |
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Linkages |
0 companies |
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Countries |
In 0 countries |
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Commentary
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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. |
CCJ
|
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 |
1 |
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Total Current Secretaries |
1 |
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Total Previous Directors / Company
Secretaries |
0 |
Current Directors
|
Name |
Stuart Grant |
Date of Birth |
04/02/1975 |
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Officers Title |
Mr |
Nationality |
British |
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Present Appointments |
17 |
Function |
Director |
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Appointment Date |
15/05/2015 |
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|
Address |
Prospect House Crendon Street, High
Wycombe, Buckinghamshire, HP13 6LA |
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Current Company Secretary
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Name |
Christopher Inman |
Date of Birth |
- |
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Officers Title |
Mr |
Nationality |
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Present Appointments |
1 |
Function |
Company Secretary |
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Appointment Date |
15/05/2015 |
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|
Address |
Prospect House Crendon Street, High
Wycombe, Buckinghamshire, HP13 6LA |
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Top 20 Shareholders
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Report Notes
|
There are no notes to display. |
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
19/05/2015 |
New Company Secretary Mr C. Inman appointed |
|
19/05/2015 |
New Board Member Mr S. Grant appointed |
Previous Company Names
|
No Previous Names found |
Writ Details
|
No writs found |
Statistics
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Group |
19 companies |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Summary
|
Holding Company |
SABRE RETAIL FASHION LIMITED |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
SABRE RETAIL FASHION LIMITED |
Group StructureFull
|
Company Name |
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
|
07920155 |
30.04.2014 |
Y |
£48,103,000 |
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|
09592932 |
- |
N |
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|
|
09592978 |
- |
N |
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|
09592995 |
- |
N |
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09593110 |
- |
N |
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09593112 |
- |
N |
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09593126 |
- |
N |
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09593141 |
- |
N |
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09593144 |
- |
N |
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09593145 |
- |
N |
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09593611 |
- |
N |
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09593620 |
- |
N |
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09593626 |
- |
N |
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09593709 |
- |
N |
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09593711 |
- |
N |
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09593714 |
- |
N |
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09593757 |
- |
N |
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09713437 |
- |
N |
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06941177 |
30.04.2014 |
N |
£1,067,010 |
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 |
|
Trade Payment Data is information that we
collect from selected third party partners who send us information about
their whole sales ledger. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.97 |
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|
1 |
Rs.101.19 |
|
Euro |
1 |
Rs.73.38 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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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 |
|
<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.