MIRA
INFORM REPORT
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Report Date : |
28.06.2007 |
IDENTIFICATION DETAILS
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Name : |
Sportextrim Limited |
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Registered Office : |
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Country : |
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Date of Incorporation : |
22.01.2000 |
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Com. Reg. No.: |
C108389 |
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Legal Form : |
Private Limited
Liability Company / International Business Company (IBC) |
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Line of Business : |
General Traders Investors, NEC (commodity contract trading companies) |
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 : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
NAME & ADDRESS
Correct Registered
Name: Sportextrim Limited
Address:
Nicosia
2012
Telephone: +357-22-311948
Fax: +357-22-311947
Email: N/A
Web: N/A
LEGAL STATUS
Legal Form: Private Limited
Liability Company / International Business Company (IBC)
Registration
number and city: C108389 Nicosia
Registration date:
22.01.2000
PRINCIPALS
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SHAREHOLDERS: |
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Full Name |
Function |
Nationality |
EQUITY |
Address |
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PA.TY. SECRETARIAL LIMITED |
Shareholder |
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48.40% |
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MANAGEMENT: |
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Full Name |
Age |
Function |
Qualification |
Experience |
Address |
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Ms. Angela Kyriakidou |
53 |
Director |
N/A |
N/A |
3, Venizelou street |
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Ms. Evgenia Ioannou |
29 |
Director |
N/A |
N/A |
Agia Marina Xyliatou |
ACTIVITIES
General Traders
OPERATIONS:
SIC
6799 Investors, NEC (commodity contract trading companies)
According to the company’s Articles of Association, the company was established
in order to get involved in General Trading
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
address given overleaf
is that of the official correspondence of the company.
BRANCHES Not disclosed
RELATED COMPANIES
Not disclosed
BANKERS
Not disclosed
SHARE CAPITAL
Registered capital: CYP
1,000.00 since 22.01.2000
Number of Ordinary: 1,000
Value per share of Ordinary: CYP
1.00
Issued capital: CYP 1,000.00 since 22.01.2000
Number of Ordinary: 1000
Value per share of Ordinary: CYP 1.00
Paid-up capital: CYP 1,000.00 since 22.01.2000
of which paid in cash: CYP
1,000.00
CHARGES
None in current years
FINANCE
Subject declined further detailed Financial Information.
PAYMENT
Unable to comment
GOOD FOR AMOUNT &
TERMS OF INQUIRY
Unable to comment
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 or even comment the amount given in your inquiry.
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 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
Contact Person : Official Correspondence office
Contact Tel.No. : +357 22311948
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%)