MIRA
INFORM REPORT
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Report Date : |
20.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
LAURENTHALL ENTERPRISES LTD. |
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Registered Office : |
Chera Chambers, Main Street, P.O.
Box 3163, Road
Town ,Tortola,
BVI |
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Country : |
British Virgin Islands |
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Date of Incorporation : |
September 29th
2003 |
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Legal Form : |
IBC/International Business
Company |
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Line of Business : |
Finance and investment |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
2,000,000 USD |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
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REQUIRED CREDIT |
ADVISED CREDIT |
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MAXIMUM |
2,000,000 USD |
GEOPOLITICS
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POLITICAL DATA |
ECONOMICAL DATA |
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FORM OF GOVERNMENT ECONOMICAL RISK |
Parliamentary None |
CURRENCY BRANCH SITUATION |
USD Satisfying |
Company's style
LAURENTHALL
ENTERPRISES LTD.
Trading Address
Chera Chambers, Main Street
P.O. Box 3163
Road Town ,Tortola
Town :
TORTOLA
Island :
BVI
Country : BRITISH VIRGIN ISLANDS
Telephone : (284) 494-5555
Fax :
(284) 494-5558
Mailing address : same
BACKGROUND INFORMATION & BUSINESS
PROFILE
Legal
form :
IBC/International Business Company
Date
established : September 29th 2003
Automatically
RE-Registered as a (B.V.I) Business Company on :
January 1st ,2007
Company registration number : 561731
REGULATORY
FRAMEWORK: The British Virgin Islands
("BVI") are a British Colony located in the Caribbean. The BVI are
independent from the United Kingdom, except with respect to their external
matters, defense and internal safety. Its legal system is based on the English
Common Law. English is their official language and their official currency is
the U.S. dollar. There are no exchange controls nor do requirements to file
corporate reports of any nature, therefore the islands offer multiple tax
advantages to the non-resident that organizes companies therein.
BVI International
Business Companies (IBCs) are the off-shore companies with a great number of
advantages, such as:
1)
Exemption from payment of any income tax;
2)
Can conduct most business transactions
(except conducting banking and insurance activities and other businesses with
residents of the BVI; or to possess real estate in BVI);
3)
Requires a minimum of only one shareholder
and one director;
4)
The directors and shareholders can be
entities or individuals resident in any country;
5)
The shares can be issued to the bearer or
registered;
6)
The Board of Directors can meet in any
part of the world and even by telephone;
7)
The payment of minimum capital is not
required, and the shares can be issued at par or non par value;
8)
The names of the Directors, Officers and
shareholders do not need to be registered in a public record
9)
No need to file annual reports nor tax
returns;
10) Can transfer its domicile and continue existing as a company
incorporated under the laws of a jurisdiction outside of BVI; a foreign company
can also become a BVI IBC;
11) Neither the minutes book nor the shares book need to be certified by any
authority of BVI;
12) It is not necessary to carry out Directors or shareholder meetings on a
regular basis.
13) The name of the company must include the word 'Limited', 'Corporation'
or 'Incorporation', or the abbreviation 'Ltd.', 'Corp.', 'Inc.' or 'S.A.'.
Names in Chinese characters may also be recorded.
14) It is not necessary to issue shares of the company, unless the Board of
directors decides so. The shares should be paid in full at the time of
issuance, and they can be issued for money, services or properties received.
The name of the shareholder must be registered in the shares book, which is not
open to the public. The meetings of the shareholders will be conducted whenever
the Directors consider it necessary or desirable or through written request of
the shareholders that represent more than 50% of the votes. The resolutions of
the shareholders can be approved by telephone or in a duly convened meeting,
and they can also be adopted through written consent. The company must have a
registered office and agent in BVI.
15) The IBC can be dissolved by resolution of the Board of directors, if no
shares have been issued. In case that the shares have been issued, the company
must be dissolved through a shareholders resolution.
16) All the dividends, interest, rents, royalties, compensations and other
amounts paid by company established under the IBC Act to persons that are
non-residents of BVI are exempt from payment of income tax. The capital gains
earned from the sale of whatever shares or other securities of an IBC are also
exempt from payment of any tax.
CAPITAL STRUCTURE: Authorized capital:
50,000.00 USD
REGISTRATION AGENT
Sucre
& Sucre Trust Limited
Chera
Chambers, Main Street
P.O.
Box 3163
Road
Town ,Tortola
British
Virgin Islands
TEL/FAX
NUMBERS: (284) 494-5555 / (284) 494-5558
LINE OF BUSINESS : Finance and investment
Subject has the
following purposes and objects: The principal object is to engage either in the
Virgin Islands or abroad, in the purchase, sell, disposal, dealing, transfer,
barter, ownership, negotiate, finance, administration to grant guaranties in
favor of obligation of third parties with or without mortgage or pledge of the
corporation assets, give or borrowing money in loan, giving or taking in
commission, mortgage, security, lease, use, usufruct, or receivership, any kind
of property, whether real or personal stock or rights, and make and accept all
kinds of deals, contracts, operations, business and transactions of lawful
commerce.
The corporation
could engage also in fulfilling all activities, contracts, operations, business
or transactions allowed by Law to the Corporation.
In particular it
is engaged in financial intermediation operations, participation in overseas
companies, shareholdings, overseas investments in general, etc.
According to
informed by subject's resident agent, it is legally registered in the British
Virgin Islands, with head offices abroad.
It means that
subject uses the British Virgin Islands territory only as its legal and
administrative address, but all its operations are carried out abroad.
It is under the
same condition as many companies that are established in the British Virgin
Islands, founded in order to protect their shareholder's investments and, to
avail of tax exemption laws in that country.
Subject's annual
business volume is not disclosed by its Resident Agent.
Outside sources
could provide us with the following information:
Laurenthall
Enterprises Ltd specializes in manufacturing and exporting products like powder
milk and sunflower-seed oil.
Delivery terms
FOB, Ukranian port
Payment
terms-Letter of Credit-100%
Time period of
delivery-within one month from the moment of L/C issuing.
Contact
telephones: +90 533 560 82 12 (Turkey), +380 67 720 37 93 (Ukraine)
The company was
created in Europe in 1964.
Mr. Oleg Aleksandr
was reported to be the Accountant and Legal representative.
STAFF :
nil. It uses the Registered agent staff.
BANKERS :
STANDART CHARTERED BANK
SCOTIA BANK
TANGIBLE FIXED ASSETS, INVESTMENTS, ETC.
PHYSICAL ASSET HOLDINGS: No properties in the British Virgin Islands. Possible properties abroad are unknown.
However our banking
sources could provide us with the following information:
Fiscal
Year 2006
Revenue in USD 0
Net income in USD 87,000,000
Liabilities in USD 0
Cash 300,000,000
on the account
CREDIT STANDING
TRADE
REFERENCES SURVEY: -
Not available.
As a private and
offshore business there is no financial information available.
Payments are made on a 20 days basis.
FINAL OPINION
We are reporting
upon a finance & investments company which belongs to undisclosed foreign
shareholders. Although it is registered in the Virgin Islands, it uses such
territory only as its legal and administrative address, but all its operations
are carried out abroad. It is managed by a resident registration agent and it
is unknown in the marketplace, so its commercial morality and general
reputation cannot be assessed, although nothing detrimental is noted upon
subject. As there are no visible assets, and taking into account also that it
is unknown as making use of credit facilities, credit in general must be
regarded as a matter of confidence, and amounts of certain importance would
have to be secured by collateral.
The company is in Good Standing with the BVI
authorities.
A credit line may be considered for a
maximum of USD 2,000,000.
SUMMARY
ADVISED CREDIT
2,000,000 USD
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%)