MIRA
INFORM REPORT
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Report Date : |
03.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
ATTAR LTD |
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Registered Office : |
Trust House 112 Bonadie St Kingstown |
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Country : |
Saint Vincent and the Grenadines |
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Legal Form : |
Offshore Company - International Business Company ("IBC") |
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Line of Business : |
Specializing in Corporate Secretarial / Business Center
services |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name of the company
ATTAR LTD
Company Details
Identifier : P1042511
Country : Saint Vincent and the Grenadines
Operating Address : Trust House 112 Bonadie St Kingstown
Tel : [+1784] 4571145
Fax : [+1784] 4571961
Key Industry : Not Applicable - Tax Haven Entity
Key Facts
Registered Legal Address (***) : Trust House 112 Bonadie St
Kingstown
License Number : 11727
Issuing Authority : Registrar of International Business Companies
Legal Form : Offshore Company - International Business
Company ("IBC")
Operational Status of Business :
No operational office exists. License used as a tax-haven holding company.
Recommended Credit Limit - Trade
Finance
Maximum Recommended Credit : No Recommendation
Note: (***)
OPERATIONAL STATUS
The Subject Business Entity does NOT maintain an operational office at the address listed above. The office located at the address above (including telephone and fax numbers) is operated and managed by a firm specializing in Corporate Secretarial / Business Center services. Based on telephone discussions with the management of the Corporate Secretarial / Business Center firm, it manages the annual legal corporate license renewals and related matters on behalf of the Subject Business Entity. There is no known operational office for the Subject Business Entity in the country listed above.
The name of the Corporate Secretarial / Business Center firm is:
ST
VINCENT TRUST SERVICES LTD
Fullcheck Report Details
Country : Saint Vincent and the Grenadines
Company Name : ATTAR
LTD
Key Industry : Not Applicable - Tax Haven Entity
Office Contact Details
Operating Address : Trust
House 112 Bonadie St
City : Kingstown
Tel : [+1784] 4571145
Fax : [+1784] 4571961
Postal Details
P.O. Box : 613
FINANCIAL & LEGAL STATUS
*Operation Status*
===============
Although the Subject Company is a legally registered entity, it does not
maintain an operational office, nor any employees in this country, but rather
employs the services of a local firm engaged in corporate secretarial
management services to "maintain" their license on behalf of the
owners who are located overseas.
The management services usually involves registering the office address as the
same one used by the firm employed to "maintain" the license, as well
as receive any mail address to the company, forward mail to owners,
attend to license renewals, corporate levies and related issues.
The local firm employed to perform maintenance of this company is:
Company Name : ST VINCENT TRUST SERVICES LTD
Address : Trust House 112
Bonadie St
City
: Kingstown
As an offshore company (referred to as "International Business Company
(IBC)"), any commercial activities are required by law to be conducted
outside Saint Vincent & the Grenadines, but it has not been possible to
ascertain the whereabouts of its overseas operations.
Companies are registered in Saint Vincent & the Grenadines mainly for tax
reasons and there is no taxation on profits generated offshore.
*Financials*
==========
Under Saint Vincent & the Grenadines corporate law, the Subject Company,
which is an IBC entity, is exempt from the provisions of the Income Tax Act and
therefore not obliged to disclose their financial statements.
*Reputation*
===========
Due to the fact that the subject company:
(i) Does not maintain an operational office in Saint Vincent & the
Grenadines; and
(ii) There is no knowledge or public record of overseas business activities
It has not been possible to ascertain the reputation of the company.
ADVERSE DATA MONITORING
DISHONORED CHECKS No Record Found
DEBT No Record Found
LITIGATION No Record Found
PERFORMANCE DEFAULTS No Record Found
ADVERSE PRESS COVERAGE No Record Found
FORMER COMPANY RELATIONSHIPS No Record Found
RELATED PARTIES DESCRIPTION
*Major Shareholders*
=================
Names of company directors and shareholders have not been disclosed.
Under the IBC Ordinance, a company incorporated in Saint Vincent & the
Grenadines is not required to disclose details of its directors/officers and
shareholders.
DIRECTORS &
SHAREHOLDERS
Not available. -
There is no legal requirement for public disclosure of Shareholders / Directors
names.
OVERSEAS BUSINESS
ACTIVITIES
Country Date Type of Business
Activity
United Kingdom April, 2008 Investment
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%)