MIRA
INFORM REPORT
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Report Date : |
16.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
ROSCHIM COMMERCE LIMITED |
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Registered Office : |
3, Chrysanthou
Mylona Street, 3030 Limassol, P. O. Box 53180 – 3301 |
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Country : |
Cyprus |
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Date of Incorporation : |
19.06.1996 |
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Com. Reg. No.: |
C79705 Nicosia |
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Legal Form : |
Private Limited Liability Company (offshore) |
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Line of Business : |
Trading of chemicals and metals. |
RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Offshore Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Correct Registered
Name
ROSCHIM COMMERCE LIMITED
Address
3, Chrysanthou
Mylona Street
3030 Limassol CYPRUS
P. O. Box : 53180
- 3301
Telephone:
+357-25-857808
Fax: +357-25-341272
LEGAL STATUS
Legal Form: Private Limited
Liability Company (offshore)
Registration
number and city: C79705 Nicosia
Registration date:
19.06.1996
Former
registration name: AVRILIUS
COMMERCE LIMITED, valid since: 19.06.1996, until: 18.02.1998
Former company
names: AVRILIUS COMMERCE
LIMITED
PRINCIPALS
SHAREHOLDERS:
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Full Name |
Function |
Nationality |
EQUITY |
Address |
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MERITSERVUS (TRUSTEES) LIMITED REGISTRATION: No. C47557, 17.02.1992, NICOSIA, CYPRUS |
Shareholder |
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80.00% |
3, Chrysanthou Mylona |
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Sanmeritus Investments Limited REGISTRATION: No. C72627, 31.07.1995, Nicosia, CYPRUS |
Shareholder |
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20.00% |
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MANAGEMENT: |
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Full Name |
Age |
Function |
Qualification |
Experience |
Address |
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Meritservus Secretaries Limited |
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Secretary |
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Mrs. Panagiota Constantinou |
47 |
Director |
N/A |
N/A |
14 Siarlo, Agios.Athanasios |
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Mrs. Maria Elia |
46 |
Director |
N/A |
N/A |
1, Mantinias Street,Monovolikos |
OPERATIONS
SIC
main activity
6799 Investors, NEC (commodity contract trading companies)
5169 Chemicals and Allied Products, NEC
According to the Articles of Association the company was established in order to
get involved in Trading of chemicals and metals. This information was not
confirmed; of course the Article makes provision for other activities as well.
IMPORTS
Unknown
EXPORTS
Unknown
AGENCIES
Name Country Product
Unknown
TRADE SUPPLIERS
Name Country Product
Unknown
NUMBER OF EMPLOYEES
Unknown
DESCRIPTION OF
PREMISES
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HEADQUARTERS: |
The company doesn't maintain offices of it's own in Cyprus. The address
given overleaf is that of the official correspondence of the company and the
official register address. |
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BRANCHES: |
Unknown |
RELATED COMPANIES
Unknown
BANKERS
Unknown
SHARE CAPITAL
Registered capital: CYP
1,000.00 since 19.06.1996
Number of Ordinary: 1,000
Value per share of Ordinary: CYP
1.00
Issued capital: CYP 1,000.00 since 19.06.1996
Number of Ordinary: 1000
Value per share of Ordinary: CYP 1.00
Paid-up capital: CYP 1,000.00 since 19.06.2006
of which paid in cash: CYP
1,000.00
CHARGES
None in current years
FINANCE
Unknown
PAYMENT
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COMMENT: |
Given the fact that no detailed information on the company was
released at this stage, including financial information ones, we feel unable to
express a safe and reliable opinion on their creditability and payment
records. |
GENERAL COMMENTS
The present is an
International Business Company - IBC (Offshore Company) registered in Cyprus on
19.06.1996.According to the Articles of Association the company was established
in order to get involved in Trading of chemicals and metals. This information
was not confirmed; of course the Article makes provision for other activities
as well.
The company doesn't maintain offices of it's own in Cyprus.
IBC companies,
being covered by the law of confidentiality, may use nominee shareholders that
hold the shares in trust for beneficial owners. Until recently beneficial
owners were made known only to the Central Bank of Cyprus that used to grant
the permission for the company’s registration in Cyprus. After Cyprus accession
in the EU this practice changed. Beneficial owners of an IBC are now known to
the Lawyers/Auditors who affect the company's registration.
We contacted the
official correspondence of the company several times and the only answer that
we were receiving was that they will speak with their client and they will
inform us accordingly. Furthermore we send a questionnaire, up to date no
response was received.
If we received any
further information we will reply back to you immediately.
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)