MIRA
INFORM REPORT
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Report Date : |
04.05.2007 |
IDENTIFICATION DETAILS
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Name : |
A G PROCESSING & TRADING LIMITED |
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Registered Office : |
22, |
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Country : |
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Date of Incorporation : |
27.06.1997 |
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Com. Reg. No.: |
C87012 |
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Legal Form : |
Public Limited
Liability Company |
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Line of Business : |
Industrial Supplies (fluid power accessories) Imports and trading of crude diamonds. |
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 : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
NAME & ADDRESS
Correct Registered Name: A G PROCESSING & TRADING LIMITED
Address: 22,
1082
P.O.Box: N/A
Telephone: +357-99-615575
Fax: +357-N/A
Email: N/A
Web: N/A
LEGAL STATUS
Legal Form: Public Limited
Liability Company
Registration
number and city: C87012 Nicosia
Registration date:
27.06.1997
PRINCIPALS
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SHAREHOLDERS: |
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Full Name |
Function |
Nationality |
EQUITY |
Address |
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Mr. Chopra Gopal |
Shareholder |
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83.67% |
26, |
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Mr. Anjali Chopra |
Shareholder |
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16.33% |
N/A, 26, |
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MANAGEMENT: |
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Full Name |
Age |
Function |
Qualification |
Experience |
Address |
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Mr. Chopra Gopal |
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Director |
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N/A |
26, Tashkent Marg Street |
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Mr. Anjali Chopra |
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Director |
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N/A, 26, Tashkent Marg Street |
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Iosif Kokkinos |
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Secretary |
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22, Eantos, Ay. Omoligites, Nicosia |
ACTIVITIES
Importers
OPERATIONS:
SIC
5085 Industrial Supplies (fluid power accessories)
According to the Articles of Association the company was established in order
to get involved in the imports and trading of crude diamonds.
This information was not confirmed; of course the Article makes provision for
other activities as well.
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
DESCRIPTION OF
PREMISES
HEADQUARTERS: Despite our efforts we haven’t been able to
trace the company’s offices in
RELATED COMPANIES
Not disclosed
BANKERS
Not disclosed
SHARE CAPITAL
Registered capital: CYP
300,000.00 since 03.03.2003
Number of Ordinary: 300,000
Value per share of Ordinary: CYP
1.00
Issued capital: CYP 300,000.00 since 03.03.2003
Number of Ordinary: 300000
Value per share of Ordinary: CYP 1.00
Paid-up capital: CYP 300,000.00 since 03.03.2003
of which paid in cash: CYP
300,000.00
CHARGES
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see details |
Floating |
CYP 6,000.00 |
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in f/o:Cyprus
Popular Bank Limited |
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15.12.2004 |
Floating |
CYP 30,000.00 |
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in f/o:Cyprus
Popular Bank Limited |
PAYMENT
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.
GENERAL COMMENTS
The present is an International Business
Company - IBC (Offshore Company) registered 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.
Despite our efforts we haven’t been able to trace the company’s offices in
We have tried several times to contact with the company on the telephone
numbers you provided us with and talked with Mr Gopal Chopra. Unforunately he
was unavailable all these times to talk with us so we couldn't get any further
information concerning the company.
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%)