MIRA
INFORM REPORT
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Report Date : |
01.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
Novexco (Cyprus) Ltd |
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Registered Office : |
Nicosia |
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Country : |
Cyprus |
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Date of Incorporation : |
19.09.2007 |
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Com. Reg. No.: |
C208398 |
RATING &
COMMENTS
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MIRA’s Rating : |
NR |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Undetermined |
NAME & ADDRESS
NAME INQUIRED
UNDER: Novexco (Cyprus) Ltd
COMPANY REPORTED: N/A
Other Trading
name: N/A
Address: Nicosia CYPRUS
ANTICIPATED DELAY MESSAGE
1. We have checked with the local Chamber of Commerce and the Official
Companies’ Registry. We have managed to trace a company that was registered
sometime in 19.09.2007 under the given name with Trade Reg. NoC208398. However,
during our visit at the Official Companies’ Registry, we have not been able to
receive the company’s file kept there. For unknown reasons to us, the file was
not available to the public. Our investigation depends on the preliminary data
collected from the company’s file, thus at this stage, we can not proceed with
further investigation. That will be done as soon as the company’s file becomes
available to the public.
2. At this stage we haven’t been able to
trace any contact details with the company, through directories and local
telephone authorities.
As you realize, for all above reasons (which
are beyond our control) no further investigation can be carried out at this
stage. Meanwhile we shall keep you informed on any possible progress on this
case.
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. |
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%)