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MIRA INFORM REPORT
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Report No. : |
493206 |
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Report Date : |
26.02.2018 |
IDENTIFICATION DETAILS
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Name : |
AGRICAST |
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Registered Office : |
East Torrington Market Rasen Lincolnshire
LN8 5SE |
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Country : |
United Kingdom |
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Date of Incorporation : |
01.01.2011 |
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Legal Form : |
Non Limited Company |
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Line of Business : |
Wholesale of Grain, Seeds and Animal Feeds. |
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No. of Employees : |
4 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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; 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 the UK’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 then CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which has continued under the Conservative government. However, the deficit still remains one of the highest in the G7, standing at 3.6% of GDP as of 2017, and the UK has pledged to lower its corporation tax from 20% to 17% by 2020. The UK had a debt burden of 90.4% GDP at the end of 2017.
The UK’s economy has begun to slow since the referendum vote to leave the EU in June 2016. A sustained depreciation of the British pound has increased consumer and producer prices, weighing on consumer spending without spurring a meaningful increase in exports. The UK has an extensive trade relationship with other EU members through its single market membership and economic observers have warned the exit will jeopardize its position as the central location for European financial services. Prime Minister MAY is seeking a new “deep and special” trade relationship with the EU following the UK’s exit. However, economists doubt that the UK will be able to preserve the benefits of EU membership without the obligations.
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Source
: CIA |
COMPANY NAME AND ADDRESS
Company
Name: AGRICAST
Registered
Address: EAST
TORRINGTONMARKET RASENLINCOLNSHIRELN8 5SE
Company Summary
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Company
Name |
AGRICAST
4183348 |
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Trading
Address |
COLLOW
ABBEY FARM |
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Post
Code |
LN8
5SE |
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Senior
Executive |
MR
JAMES ROBINSON |
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Position
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MANAGING
DIRECTOR |
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Date
At Address |
01/01/2011
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Telephone
Number |
01673
857619 |
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TPS
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N
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Premises
Type |
Warehouses
& Wholesalers |
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Number
of Employees |
4
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Business
Classification |
AGRICULTURAL
MERCHANTS |
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SIC03
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51210
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SIC03
Description |
Wholesale
of grain, seeds and animal feeds |
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Fax
Number |
- |
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FPS
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N
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Website
Address |
http://www.agricast.net
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CCJs
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Exact
CCJ's |
0
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Possible
CCJ's |
0
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Bankruptcies
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Exact
Name & Address |
0
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Exact
Address |
0
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Exact
Name |
0
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Commentary
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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 moderate 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. |
Exact CCJ Details
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No
CCJ`s Found |
Possible Address CCJ Details
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No
CCJ`s Found |
“Possible Address CCJ matches show CCJs that may
be matched to a company based on various criteria such as similar trading names
or addresses. This data is provided for your information only as an aid to
decision-making and does not affect a company’s rating.”
Possible Name CCJ Details
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No
CCJ`s Found |
“Possible Name CCJ matches show CCJs that may
be matched to a company based on various criteria such as similar trading names
or addresses. This data is provided for your information only as an aid to
decision-making and does not affect a company’s rating.”
Report Notes
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There
are no notes to display. |
Event History
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Date |
Description |
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20/05/2014 |
Company
Name changed |
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22/05/2012 |
Company
Name changed |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.82 |
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1 |
INR 90.40 |
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Euro |
1 |
INR 79.76 |
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GBP |
1 |
INR 90.94 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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PRI |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low risk
of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably on
secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the business
is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
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Financial condition covering various ratios
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Company background and operations size
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Promoters / Management background
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Payment record
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Litigation against the subject
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Industry scenario / competitor analysis
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Supplier / Customer / Banker review (wherever
available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.