MIRA
INFORM REPORT
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Report Date : |
21.06.2007 |
IDENTIFICATION DETAILS
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Name : |
TUNDRA CORPORATION |
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Registered Office : |
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Country : |
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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 |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: TUNDRA
CORPORATION
Address:
City:
State/Province: N/A
Zip Code: N/A
Country:
Telephone: N/A
Facsimile: N/A
As of:
Sales / Revenue:
Net Income:
Total Equity:
Legal Form:
Website: N/A
Business Activity:
IMPERATIVES
The subject is registered
in The British Virgin Islands as a BVI BC company.
We Believe that the
Subject is an offshore company.
We have come to this
conclusion after undertaking the following steps:
The Firm's address;
Citco Building, Wickhams Cay P.O. Box 662, Road Town, Tortola, British Virgin
Islands is listed to a registered agent in The British Virgin Islands; Citco
Fund Services (BVI) Ltd. which specializes in offshore company registration.
No contact, address,
activity, officer or banking information could be traced to the Firm in The
British Virgin Islands.
The requested
address is believed to be that of the Subject's registered agent (ei we believe
that Citco Fund Services (BVI) Ltd. is the Firm's registered agent)
Companies frequently
use a Registered Agent, which is a third party to incorporate their businesses.
For a fee, the Registered Agent incorporates companies, both foreign and
domestic, to do business in the British Virgin Islands and provides these
companies with a registered British Virgin Islands address, as long as the
companies pay the annual fees as required, they are considered to be active and
in good standing. The companies are represented to the Registered Agent through
an attorney. Therefore the only information we are able to obtain is the legal
standing.
At this time we have
been unable to locate the Subject.
All of this
information indicates that the Firm is an offshore company.
The British Virgin
Island Registrar of Corporate Affairs has confirmed TUNDRA CORPORATION to be incorporated
in the British Virgin Islands, under
At this time we
await full registration details on the Subject from the British Virgin Island
Registrar of Corporate Affairs. Once we have received this information, this
report will be amended and forwarded on.
Companies incorporate in the
We did not find any adverse
information against the Subject.
This is a full
report.
LEGAL
Legal Form:
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
FINANCIAL INFORMATION
No financial
information could be obtained.
CURRENT OPERATIONS
NAICS Code: 99
Unclassified Establishments
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%)