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MIRA INFORM REPORT
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Report No. : |
484992 |
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Report Date : |
06.01.2018 |
IDENTIFICATION DETAILS
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Name : |
A B VICKERS |
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Registered Office : |
Burton-On-Trent Staffordshire DE14 2PQ |
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Country : |
United Kingdom |
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Date of Incorporation : |
01.01.1999 |
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Legal Form : |
Non Limited Company |
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Line of Business : |
Manufacture of machinery for food, beverage and tobacco
processing |
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No. of Employees : |
30 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 (30.06.2017) |
Current Rating (30.09.2017) |
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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 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 then CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which has continued under the new Conservative majority government. However, the deficit still remains one of the highest in the G7, standing at 4.1% of GDP as of mid-2016, and Britain has pledged to lower its corporation tax from 20% to 17% by 2020. Britain had a debt burden of 92.2% GDP at the end of 2016.
While the UK is one of the fastest growing economies in the G7, economists are concerned about the potential negative impact of the UK’s vote to leave the EU. 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.
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Source
: CIA |
Company
Name AND Address
A B VICKERS
Registered
Address:
BURTON-ON-TRENT STAFFORDSHIRE DE14 2PQ
Status
Active
Report
Summary
Company Name |
A B VICKERS |
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Trading Address |
DALLOW BRIDGE WORKS, DALLOW STREET |
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Post Code |
DE14 2PQ |
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Senior Executive |
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Position |
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Date At Address |
01/01/1999 |
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Telephone Number |
01283 563268 - View Details |
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TPS |
N |
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Company type |
Non Limited Company |
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Premises Type |
Manufacturing |
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Number of Employees |
30 |
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Business Classification |
BREWERS SUPPLIERS |
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SIC03 |
29530 |
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SIC03 Description |
Manufacture of machinery for food, beverage and tobacco
processing |
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Fax Number |
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FPS |
N |
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Website Address |
http://www.abvickers.com |
CCJs
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Exact CCJ's |
0 |
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Possible CCJ's |
0 |
Bankruptcies
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Exact Name & Address |
0 |
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Exact Address |
0 |
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Exact Name |
0 |
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 has been trading for over 15 years. |
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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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08/02/2017 |
Company Activities |
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08/02/2017 |
Address details changed |
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13/05/2014 |
Company Activities |
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03/09/2013 |
Company Name changed |
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25/05/2011 |
Company Activities |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.38 |
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1 |
INR 86.02 |
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Euro |
1 |
INR 76.50 |
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GBP |
1 |
INR 85.95 |
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 : |
TRU |
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:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
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Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
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.