MIRA INFORM REPORT

 

 

 

Report Date :

14.07.2008

 

IDENTIFICATION DETAILS

 

Name :

CROWN WORLDWIDE MOVERS SARL                                                                 

 

 

Registered Office :

59, Bld de Verdun L-2670 Luxembourg                                                     

 

 

Country :

Luxembourg

 

 

Financials (as on) :

31.12.2004

 

 

Date of Incorporation :

01.03.2000                                         

 

 

Com. Reg. No.:

RC Luxembourg, B 74.653                      

 

 

Legal Form :

Sarl - Private Limited Company

 

 

Line of Business :

Management activities of holding companies  

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

 

 

 

 

 name & address                                                         

 

Crown Worldwide Movers Sarl                                                                 

59, Bld de Verdun                                                    

                                                                      

L-2670 Luxembourg                                                    

                                                                     

 

Legal form       

 

Sarl - Private limited company acc. to Lux. law

 

 

Foundation       

 

01.03.2000                                         

 

 

Comp. Register   

 

RC Luxembourg, B 74.653                      

 

 

Shareholders     

 

Crown Worldwide Holdings Ltd                       

HK- Hong-Kong                               100,00 %

 

 

Share capital                                 

 

 EUR          12.500,--

 

 

Management       

 

David Muir, CZ- Prag                               

Robert Foote, born 24.04.1955, CZ- Horomerice      

 

General Data     

 

Participation to in and foreign societies earlier business    article (up to 13.02.2008): Transportation and logistics services storekeeping.

 

                                                              

                                                                      

Society ranks among the world-wide active group of firms " Crown Worldwide holdings Ltd" , HK-Hong-Kong Origin: 1965 Annual turnover: over USD 500.000.000,--  (www.crownworldwide.com)

 

NACE:                                               

Management activities of holding companies 

 

 

Staff           

 

 Whether and to what extent subject employs external staff could not be ascertained            

 

 

Annual Sales     

 

No figures available                               

 

 

Real Estate      

 

None                                               

 

 

Assets           

 

Balance sheet as at 31.12.2004                     

Cheques, cash at bank and in hand                  

                                                EUR          12.510,--

                  Balance sheet total           EUR          12.510,--

Liabilities       Subscribed capital            EUR          12.500,--

                  Loss carried forward          EUR             524,--

                  Net loss for the year         EUR             235,--

                  Other provisions              EUR             104,--

                  Accounts payable              EUR              70,--

                  Liabilities towards affiliated                     

                  companies                     EUR             595,--

                  Balance sheet total           EUR          12.510,--

                  a more up-to-data balance sheet has so far not been

                  filed with the Companies Register                   

                                                                     

                  Loss 2003                      EUR              20,--

                                                                     

 

Remarks          

 

David Muir is Managing Director of:                                                                      

  - Crown Worldwide GmbH,                            

Wolf-Heidenheim-Str. 12, D-60489 Frankfurt       

 

A telephone number could not be retrieved.

                                                                     

 

 

Bankers         

 

 A bank connection is not known.                    

                                                                     

 

Mode of payments 

 

No complaints                                   

 

 

Credit Opinion   

 

Business connections are not denied   

The fixing of a maximum credit is not taken  into account as no current Financial figures are available (no recent balance sheets have been filed).

We advice you to follow the course of business.

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.42.82

UK Pound

1

Rs.84.89

Euro

1

Rs.68.07

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions