MIRA INFORM REPORT

 

 

 

Report Date :

06.05.2008

 

IDENTIFICATION DETAILS

 

Name :

MERIDIAN INTERNATIONAL SA

 

 

Registered Office :

Oliaji Trade Centre No. 2 Victoria

 

 

Country :

Seychelles

 

 

Legal Form :

International Business Company (IBC)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

 

 

 

 

 

 

 

COMPANY REPORTED

 

MERIDIAN INTERNATIONALSA

 

Principal Address   

 

Oliaji Trade Centre No. 2 Victoria Seychelles

Telephone: +230-21133261

Telephone:  +248 324 866

Fax:+ 248 324 867

Email: None

Internet: None

 

 

Registration

 

Seychelles

 

 

Legal Form     

 

International Business Company (IBC)

 

 

Stock Listing 

 

Not Listed

 

 

Office & Factories  

 

Head offices                                   Suite 13, First Floor, Oliaji Trade centre, Francis Rachel Street, Victoria

Branches                                       None

 

 

Company Profile

 

Paid in Capital                               SCR. 10,000

Subscribed Capital                         SCR. 10,000

 

 

Shareholders     

 

Name                                           Position                          Amount                  Ratio

Information not Availed                    Directors                                                       

Mossack Fonsecka                        Trustee                                                         

Meridian Group                              Holding Co.                                                    100.00%

Total                                                                                                                  100.00%

 

Credit Opinion     

 

We proposed Secured credit (LCS)

 

 

Affiliated Companies   

 

None

 

 

Management/ Directors    

 

None disclosed

 

 

Credit Check of Subject, President & CEO (as of report date)

 

Payment Morale In the documents at our disposal nothing adverse has been shown so far.

CREDIT RATING: Financial situation could not be ascertained

 

 

COMMENTS

 

The Telephone Given was of a company located in Mauritius who refered us to the number above the information obtained is as above though it was difficult to investigate due to the Seychelles regulations protecting the non disclosure of the name of the shareholders, activities and any other information
 
We are reporting an offshore company which belongs to foreign shareholders. Although it is registered in the Seychelles Islands, it uses such territory only as its legal and administrative address, but all its operations are carried out abroad as stated above. It is managed by a resident registration agent and it is unknown in the marketplace, so its commercial morality and general reputation cannot be assessed, although nothing detrimental is noted upon subject. We suggest to control that business for each large transaction.

 

 

 

 

 

 

 

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