MIRA
INFORM REPORT
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Report Date : |
18.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
GLOBE EXPORT LIMITED |
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Registered Office : |
28, Irish Town |
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Country : |
Gibraltar |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
18.05.1999 |
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Com. Reg. No.: |
69045 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Dealing in Durable Goods |
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. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name of the company
GLOBE EXPORT LIMITED
INCORPORATION
DATA
Date of Incorporation: 18th May 1999
Registered Number: 69045
Place of Incorporation: Gibraltar
Authorised Capital: Euro 10,000
Number of Shares: 100 shares of 100 Euros
each
Shares Paid-in: 100
Registered Office: 28, Irish Town,
Gibraltar.
Last Annual Return: 16th January,
2007.
Address of Company: 28, Irish Place,
Gibraltar
Telephone: 40079; Fax 76294.
SHAREHOLDERS
Name Occupation No.
Shares
B.I.H. Brasseries Internationales Corporation 100
Holding Limited.
Suite 3, 10th
Floor, International
Commercial Centre, 2A Main
Street. Gibraltar.
DIRECTORS
Name Occupation Nationality
Mr. Pierre Jean Marie
Fayaud General Manager French
217, Watergardens Block 2, Appointed
Gibraltar. 15/10/2001
Europa Directors Limited Nominee Company British
Suite 24, Watergardens 6, Appointed
Gibraltar. 18/05/1999
Ultimate controlling party
The immediate parent
company is B.I.H. Brasseries Internationales Holding Limited, a company
incorporated and registered in Gibraltar.
We have checked with
Companies House and there is a Company by the name B.I.H. BRASSERIES
INTERNATIONALES HOLDINGS LIMITED WITH REGISTRATION No 38005
SECRETARIES
Europa Secretaries Limited Limited Company Appointed
Suite 24, Watergardens 6, 18/05/1999
Gibraltar.
Charges
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Serial No |
Mortgage, Charge, or Debenture |
Amount Secured |
Date Registered |
Date Satisfied |
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16557 |
Charge |
Unlimited Amount |
14/11/2008 |
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Balance
sheet
As at 31st December 2006
Current assets
Stock 7,760,108 3,266,598
Debtors 73,562,247 116,214,054
Cash at bank and in hand 121,872,590 66,474,156
203,194,945 185,954,808
Creditors: amounts falling due within one year (57,653,571) (48,752,839)
Net assets 145,541,374 137,201,969
Capital and reserves
Called up capital 10,000 10,000
Profit and loss account 145,531,374 137,,191,969
Equity shareholder's funds 145,541,674 137,201,969
The financial statements were approved by the board of directors on 22nd
August 2008 and were signed on its behalf by:
P.J.M. Fayaed Director Europa Directors Limited Mark Robson. Director.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.08 |
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UK Pound |
1 |
Rs.71.17 |
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Euro |
1 |
Rs.66.98 |
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%)