MIRA
INFORM REPORT
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Report Date : |
30.12.2008 |
IDENTIFICATION DETAILS
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Name : |
WAYZATA INDIAN OCEAN LIMITED |
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Registered Office : |
Manor House, 1st Floor, |
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Country : |
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Date of Incorporation : |
12.06.2006 |
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Com. Reg. No.: |
C071847 |
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Legal Form : |
Global Business Category
1 |
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Line of Business : |
General Business Company |
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 |
SUBJECT'S NAME
Registered Name: WAYZATA INDIAN OCEAN LIMITED
Requested Name: WAYZATA
INDIAN OCEAN LIMITED
Other Names: None found.
ADDRESS AND TELECOMMUNICATION
Physical Address: Manor House, 1st Floor,
Postal Address: Manor House, 1st Floor,
Country:
Phone: 230-2036600
Fax: 230-2036650
Email: contact@krossborder.com
Website: none
CREDIT OPINION
Financial Index as of December 2007 shows subject firm
with a medium risk of credit. We recommend secured Credit only.
LEGAL
Legal Form: Global business category 1
Date Incorporated: 12-June-2006
Reg. Number: C071847
Nominal Capital
Subscribed Capital
Subscribed
Capital is Subscribed in the following form:
PositionShares
Undisclosed
foreign shareholders MD/ CEO
Kross
Border Trust Services Limited Trustee
RELATED COMPANIES
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
OPERATIONS
Registered to operate as general business company
Territory of sales: Outside
AUDITORS AND INSURANCE
Auditors: Information not available.
Insurance Brokers: Information not available.
FINANCE
Currency Reported:
Approx. Ex. Rate: 1 US Dollar = 31.93
Fiscal Year End: December
31, 2007
Inflation: According to information
given by independent sources, the inflation at December 31st, 2007 was of
13%.
Financial Information Not Submitted
BANK
Bank Name: BARCLAYS BANK
Comments: None
COMMENTS / ADDITIONAL INFORMATION
The above company belongs
to foreign shareholders but is under c/o Kross Border Trust Services Limited,
This Company is an Global business category 1 company which is registered in
According to
The company is incorporated
with an agent who is also the legal officer who represents the company.
We are reporting an
offshore company which belongs to foreign shareholders. Although it is
registered in the
This information was obtained from outside sources
other than the subject company itself and confirmed the above trustee
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.76 |
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1 |
Rs.71.68 |
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Euro |
1 |
Rs.69.17 |
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%)