MIRA
INFORM REPORT
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Report Date : |
31-07-2007 |
IDENTIFICATION DETAILS
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Name : |
WORLDPART LIMITED |
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Registered Office : |
Julia House 3 Themistocs, |
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Country : |
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Date of Incorporation : |
13.06.2007 |
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Legal Form : |
Private Limited Liability Company / International Business Company
(IBC) |
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Line of Business : |
Business and Management Consultancy Activities. |
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 : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
NAME & ADDRESS
Correct Registered
Name: WORLDPART LIMITED
Address: Julia
House, 3,
1066
P.O.Box: 21612 - 1591
Telephone: +357-22-555000
Fax: +357-22-555001
Email: N/A
Web: N/A
LEGAL STATUS
Legal Form: Private Limited Liability Company
/ International Business Company (IBC)
Date of
foundation: 2007
Registration
number and city: C201842 Nicosia
Registration date:
13.06.2007
PRINCIPALS
SHAREHOLDERS:
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Full Name |
Function |
Nationality |
EQUITY |
Address |
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CSIOF 1 INVESTMENTS LIMITED |
Shareholder |
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100.00% |
Julia House, 3, |
MANAGEMENT:
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Full Name |
Age |
Function |
Qualification |
Experience |
Address |
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Zet Secretarial Limited |
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Secretary |
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Elenion Bulding, 5, Themistocli Dervi |
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Mr. Soterakis (Akis) Koupepidis |
54 |
Director |
After studying accounting in |
In 1994, he joined a major retail organisation as its Financial
Controller and in 2004 was recruited by Abacus to head the firm’s Fiduciary
Services department. |
5, |
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Ms. Stella Raouna |
47 |
Director |
Graduated from the |
In 1983 joined the accountancy firm of M. Stephens Int'l in |
Elenion Bldg, 5, |
ACTIVITIES
Services
OPERATIONS:
NACE
7414 Business and management consultancy activities
SIC
8741 Management Services (single family housing construction management)
According to the
company’s Articles of Association, the company was established in order to
perform the functions of investment Trust, trustees, nominees and secretaries
for companies.
This information
has not been confirmed. Of course, the Article makes provision for other
activities as well.
MOTOR VEHICLES
Not disclosed
IMPORTS
From: Not disclosed
Terms: Not disclosed
EXPORTS
To: Not disclosed
Terms: Not disclosed
AGENCIES:
Name Country Product
Not Disclosed
TRADE SUPPLIERS
Name
Country Product
Not Disclosed
NUMBER OF EMPLOYEES
Not disclosed
DESCRIPTION OF
PREMISES
HEADQUARTERS: Despite our efforts we haven’t been able to
trace the company’s offices in
BRANCHES
Not disclosed
RELATED COMPANIES
Not disclosed
BANKERS
Not disclosed
SHARE CAPITAL
Registered capital: USD
13,390.00 since 18.06.2007
Number of Ordinary: 13,390
Value per share of Ordinary: USD
1.00
Issued capital: USD 2,678.00 since 18.06.2007
Number of Ordinary: 2678
Value per share of Ordinary: USD 1.00
Paid-up capital: USD 2,678.00 since 18.06.2007
of which paid in cash: USD
2,678.00
CHARGES
None in current years
FINANCE
As a new business accounts are not
available.
PAYMENT
Unable to comment
COMMERCIAL MORALITY
Unable to comment
FINANCIAL STRENGTH:
Unknown
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
Despite our efforts we haven’t been able to trace the company’s offices in
This information has not been confirmed. Of course, the Article makes provision
for other activities as well. 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
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.
Please note that subject is a new business
and its progress remains to be seen.
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%)