MIRA
INFORM REPORT
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Report Date : |
31.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
aimecor ltd. |
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Registered Office : |
Room 802 |
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Country : |
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RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Foreign Registered Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name & address
aimecor ltd.
ROOM 802 KUNTAI BUILDING, NO.
CHAOYANG DISTRICT,
TEL: 86 (0)
10-65995586 FAX: 86 (0) 10-65991079
Narrative report:
This refers to a
type of report whose format is different from that of a standard report. Such
type of report is provided when:
l
Information obtained is insufficient for compiling a standard report.
l
The enquired co has been out of business or its business address has
been untraceable.
It should be noted that the time and manpower spent on preparing such
type of report might be greater than those on a standard report. On many
occasions, the information in this type of report still indicates the current
status of the enquired co. and serves as a useful reference to assess its
credit standing.
The telephone number client given in the order is 86 10-65995586/89 and
65991079.
When we dialed the number 010-65995586, a male surnamed Li answered and
released the following information on SC:
SC is a B.V.I. registered company mainly engaged in international trade
of ferroalloy, non ferrous metal, refractory material, metal pipes, castings,
etc.
SC is known
to have approx. 10 employees at present.
However, Mr. Li refused to release SC’s registered information.
BVI Company Registration
====================
The British Virgin Islands (BVI) is a group of islands located in the
WHY INCORPORATE IN THE BVI?
By incorporating in the BVI, a company gains a wide range of competitive
advantages, including:
* Exemption from all local taxes and stamp duty.
*Asset security – abilities to transfer domicile; protect assets from
expropriation or confiscation orders from foreign governments; transfer assets
to another company, trust, foundation, association or partnership; merge or
consolidate with any other BVI or foreign company in an accommodating
jurisdiction.
*Maximum confidentiality and anonymity – no requirements to file
organizational or accounting information with the Registrar of Companies (except
the Memorandum of Articles of Association); share registers available for
inspection only by registered shareholders or by order of the
*Statutory flexibility in filing Registers of Directors of Members at
their own option and in their de-registering at any time. This facilitates an appropriate balance
combining anonymity with the option to file such business information as
determined by the business needs of the IBC.
*Ease of operation, maintenance and control – IBCs can:
-Reacquire and reissue their owned shares;
-Issue shares for consideration other than cash, with or without par
value, denominated in any currency;
-Have only one subscriber and thereafter only one shareholder;
- Have a single directorate;
- Have corporate directors or shareholders’
- Hold shareholders’ or directors’ meetings, and maintain books of
accounts, records and minutes outside the BVI.
*Facilitation of swift, straight-forward and cost-competitive operation
through:
- Uncomplicated, user-friendly procedures
- Exemption from all BVI taxes provided that the beneficiaries are
resident outside the BVI
-Competitive, start-up and operating cost
- Specific facilitative provisions such as majority trustee decisions
and short-form trust deeds
The address client given is:
1607 Tower sung Garden,
According Mr. Li, it was the former address of SC, and it is operating
in the heading address at present. However, Mr. Li declined our request for a spot
visit.
SC’s registered
infroamtion is kept confidentially by local garnverment, so SC’s registered
infromation are not available.
It is said that SC is a BVI registered company. Information on hand would
not seem to warrant any credit consideration.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.25 |
|
|
1 |
Rs.85.92 |
|
Euro |
1 |
Rs.68.11 |
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 |
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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%)