MIRA
INFORM REPORT
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Report Date : |
07.05.2007 |
IDENTIFICATION DETAILS
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Name : |
AKI CHEMICALS PVT LIMITED |
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Registered Office : |
17, |
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Country : |
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Date of Incorporation : |
20.05.2005 |
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Com. Reg. No.: |
C161021 |
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Legal Form : |
Private Limited
Liability Company (offshore) |
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Line of Business : |
General Traders |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
NAME & ADDRESS
Correct Registered
Name: AKI CHEMICALS PVT LIMITED
Address: 17,
3106 Limassol
Telephone: +357-25-866000
Fax: +357-25-866001
LEGAL STATUS
Legal Form: Private Limited
Liability Company (offshore)
Registration
number and city: C161021 Nicosia
Registration date:
20.05.2005
PRINCIPALS
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SHAREHOLDERS: |
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Full Name |
Function |
Nationality |
EQUITY |
Address |
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C.I. CHEMICALS PRIVATE LIMITED |
Shareholder |
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100.00% |
518,Swastik Chambers, |
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MANAGEMENT: |
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Full Name |
Age |
Function |
Qualification |
Experience |
Address |
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TOTALSERVE MANAGEMENT |
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Secretary |
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Mr. Viral D. Bhuta |
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Director |
N/A |
N/A |
Shilpa Bluling,3th Floor, 8,Vridanan Chs., Sion Chuna Bhatti |
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Mr. Ashwin D. Bhuta |
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Director |
N/A |
N/A |
Shilpa Bluling,3th Floor, 8,Vridanan Chs., Sion Chuna Bhatti |
ACTIVITIES
General Traders
OPERATIONS:
SIC
main activity
6799 Investors, NEC (commodity contract trading companies)
5199 Nondurable Goods, NEC (except specialty advertising)
According to the company’s Articles of Association, the company was established
in order to get involved in General Trade activities.
IMPORTS
Not disclosed
EXPORTS
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
BRANCHES
Not disclosed
RELATED COMPANIES
Parent Company
C.I. CHEMICALS PRIVATE LIMITED ,
BANKERS
Not Disclosed
SHARE CAPITAL
Registered capital: USD
5,000.00 since 20.05.2005
Number of Ordinary: 5,000
Value per share of Ordinary: USD
1.00
Issued capital: USD 5,000.00 since 20.05.2005
Number of Ordinary: 5000
Value per share of Ordinary: USD 1.00
Paid-up capital: USD 5,000.00 since 20.05.2005
of which paid in cash: USD
5,000.00
CHARGES
None in current years
FINANCE
Not disclosed
PAYMENT
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
Despite our efforts we haven’t been able to trace the company’s offices in
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
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.
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%)