MIRA
INFORM REPORT
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Report Date : |
30.07.2007 |
IDENTIFICATION DETAILS
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Name : |
STYLETRIBE LIMITED |
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Registered Office : |
Totalserve House, 17, |
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Country : |
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Date of Incorporation : |
09.11.2005 |
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Com. Reg. No.: |
C167691 |
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Legal Form : |
Private Limited
Liability Company / International Business Company (IBC) |
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Line of Business : |
Involved in General Trade activities. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Offshore Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NAME & ADDRESS
Correct Registered
Name: STYLETRIBE LIMITED
Address: Totalserve
House, 17,
3106 Limassol
Telephone: +357-25866000
Fax: +357-25866001
LEGAL STATUS
Legal Form: Private Limited
Liability Company / International Business Company (IBC)
Registration
number and city: C167691 Nicosia
Registration date: 09.11.2005
PRINCIPALS
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SHAREHOLDERS: |
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Full Name |
Function |
Nationality |
EQUITY |
Address |
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TOTALSERVE TRUSTEES LIMITED |
Shareholder |
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100.00% |
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MANAGEMENT: |
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Full Name |
Age |
Function |
Qualification |
Experience |
Address |
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ATLAS ALPHA SERVICES LIMITED |
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Director |
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Total Serve House, 17, Gregoriou Xenopoulou |
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TOTALSERVE MANAGEMENT |
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Secretary |
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ACTIVITIES
General Traders
OPERATIONS:
SIC
main activity
6799 Investors, NEC (commodity contract
trading companies)
5199 Nondurable Goods, NEC (except specialty advertising)
According to the company’s Articles of Association, the company was established
in order to get involved in General Trade activities. This information has not
been confirmed. Of course, the Article makes provision for other activities as
well.
MOTOR VEHICLES
Unknown
IMPORTS
Unknown
EXPORTS
Unknown
AGENCIES
Name Country Product
Unknown
TRADE SUPPLIERS
Name Country Product
Unknown
NUMBER OF EMPLOYEES
Unknown
DESCRIPTION OF
PREMISES
HEADQUARTERS
Despite our efforts we haven’t been able to trace the company’s
offices in
BRANCHES
Unknown
RELATED COMPANIES
Unknown
BANKERS
Unknown
SHARE CAPITAL
Registered capital: CYP
1,000.00 since 09.11.2005
Number of Ordinary: 1,000
Value per share of Ordinary: CYP 1.00
Issued capital: CYP 1,000.00 since 09.11.2005
Number of Ordinary: 1000
Value per share of Ordinary:
CYP 1.00
Paid-up capital: CYP 1,000.00 since 09.11.2005
CHARGES
None in current years
FINANCE
Unknown
PAYMENT
No complaints
GOOD FOR AMOUNT &
TERMS OF INQUIRY
Unable to comment
We cannot comment on such high amount given in your inquiry.
FINANCIAL STRENGTH
Unknown
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
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%)