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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

484678

Report Date :

06.01.2018

 

IDENTIFICATION DETAILS

 

Name :

WESTMILL FOODS

 

 

Registered Office :

26 Crown Road, Enfield, Middlesex, En1 1dz

 

 

Country :

United Kingdom

 

 

Date of Incorporation :

01.01.2011

 

 

Legal Form :

Non Limited Company

 

 

Line of Business :

·         Chinese Food Wholesalers and Suppliers

·         Non-Specialised Wholesale of Food, Beverages and Tobacco

 

 

No. of Employees :

200

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

B

 

Credit Rating

Explanation

Rating Comments

B

Medium Risk

Business dealings permissible on a regular monitoring basis

 

 

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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

 

Country Name

Previous Rating

(30.06.2017)

Current Rating

(30.09.2017)

United Kingdom

A1

A1

 

Risk Category

ECGC

Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately 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; 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.

 

 

Source : CIA

 

 

 

Company Name & ADDRESS

 

WESTMILL FOODS

ENFIELD MIDDLESEXEN1 1DZ

 

 

COMPANY Summary

 

Company Name

WESTMILL FOODS

Trading Address

26 CROWN ROAD, ENFIELD 
MIDDLESEX

Post Code

EN1 1DZ

Senior Executive

MR BOB AMON

Position

LOGISTICS MANAGER

Date At Address

01/01/2011

Telephone Number

020 8345 8100

TPS

N

Premises Type

Warehouses & Wholesalers

Number of Employees

200

Business Classification

CHINESE FOOD WHOLESALERS AND SUPPLIERS

SIC03

51390

SIC03 Description

Non-specialised wholesale of food, beverages and tobacco

 

Fax Number

--

FPS

N

Website Address

http://www.westmill.co.uk

 

 

CCJs

 

   

0

Possible CCJ's

0

 

 

Bankruptcies

 

Exact Name & Address

0

Exact Address

0

Exact Name

0

 

 

Commentary

 

This company has made late payments on a medium percentage of invoices.

This company trades in an industry with a moderate level of corporate failures.

This company is based in a geographical area with a low level of corporate failures.

This company operates from a type of property which has been associated with a higher risk of corporate failure.

 

 

Exact CCJ Details

 

No CCJ`s Found

 

 

Possible Address CCJ Details

 

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

 

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

 

There are no notes to display.

 

 

Event History

 

No Event History found

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 64.81

UK Pound

1

INR 85.34

Euro

1

INR 75.23

GBP

1

INR 0.016

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

PRI

 

 

Report Prepared by :

SON

 

 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

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

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.