MIRA INFORM REPORT

 

 

Report Date :

17.02.2011

 

IDENTIFICATION DETAILS

 

Name :

NAMTZITAN INTERNATIONAL FINANCIAL HOLDING GROUP

 

 

Registered Office :

Scotia Centre, 4th Floor, P.O. Box 2804, George Town, Grand Cayman, KYI-1112

 

 

Country :

Cayman Islands

 

 

Year of Establishment :

1999

 

 

Com. Reg. No.:

223593

 

 

Legal Form :

International Business Company

 

 

Line of Business :

Offshore company

 

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

 

Maximum Credit Limit :

USD 1,000,000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – June 30, 2010

 

Country Name

Previous Rating

(01.04.2010)

Current Rating

(30.06.2010)

Cayman Islands

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

           

GEOPOLITICS - CAYMAN ISLANDS

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: British overseas territory - Parliamentary system

Economic Risk: Nil

Currency: 100 KYD = 120.32 USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Legal Name:

Namtzitan International Financial Holding Group

Legal Address

Scotia Centre, 4th Floor, P.O. Box 2804, George Town, Grand Cayman, KYI-1112

Telephone:

(345) 949-2648

Registration Number :

223593

Fax:

(345) 945-7388

Legal Form:

International Business Company

Email:

N.A.

Registered in:

Cayman Islands

Website:

N.A.

Date Created:

1999

Manager:

N.A.

Date Incorporated:

-

Staff:

0

Stock:

N.A.

 

 

Value:

N.A.

Activity:

Offshore company

 

 

BANKS

 

Name of the Bank

NCB Ltd

 

 

 

 

 

 

 

 

 

 

 

 

BUSINESS

 

PRINCIPAL ACTIVITY

 

NAMTZITAN INTERNATIONAL FINANCIAL HOLDING GROUP is an International Business Company / Offshore Company incorporated in the Cayman Islands for tax purposes.

 

However the company does not carry any operation in the Cayman Islands.

 

It is not registered with the Cayman Islands Chamber of Commerce as being an active business.

 

It is not listed with the Cayman Islands yellow pages.

 

It is not listed with the major local credit bureaus.

 

The company does not have any employee in Cayman Islands. It uses the registered agent staff.

Trade References:

 

In virtue of the nature of its business activities its local transactions are seldom. Therefore, commercial sources consulted in the marketplace report that they are unable to establish subjects payment performance and general reputation regarding commitments contracted as same it is UNKNOWN as making use of credit facilities.

PAYMENTS

 

made on a 30 days basis - monitored over the last 12 months

Comments on location:

 

The address mentioned above is that of the registered agent:

 

Offshore Incorporations (Cayman) Ltd

Scotia Centre, 4th Floor,

P.O. Box 2804, George Town,

Grand Cayman, KYI-1112

Tel: (345) 949-2648

Fax: (345) 945-7388

 

 

Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

The company is owned by foreign shareholders.

Management:

 

It is locally managed by the registered agent mentioned above.

 

The agent declined to give any information on the subject, who is protected by the law of non disclosure.

Related Companies:

 

Through outside sources we could learn that the subject might be related to:

 

Holding Group Shouguang Hongye Chemical Co Ltd

Japan



Financials - COMMERCIAL TRENDS AND FORECAST

 

The Subject Company is registered as an International Business Company in the Cayman Islands and is therefore exempt from filing and/or publishing Annual Audited Accounts at the Registrar of Companies, under the Cayman Islands Law. In addition, due to the laws of privacy governing disclosure of BANKING INFORMATION, we are unable to demand a copy of the subject's Latest FINANCIAL STATEMENTS.

 

However our financial sources could provide us with the following data.

 

Those figures are estimates provided by confidential banking and financial institutions working with the company.

 

Currency

DATE

 

USD

2009

 

Turnover

0

 

Operating Income

11,700,000

 

Net Income

11,700,000

 

Net worth

70,000,000

 

Bank liabilities

0

 

The cash flow is

normal

 

 

 

Legal Fillings

 

 The sources consulted record no detrimental legal or labor court information.



 Rating

 

Local credit bureau did not rate this company.

 

 

 Final Opinion

 

 

We are reporting an offshore company which belongs to foreign shareholders. Although it is registered in the Cayman Islands, it uses such territory only as its legal and administrative address, but all its operations are carried out abroad. 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.

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

GOOD

Public

NO

 

Indebtedness

NIL

Payments

REGULAR

 

Cash

NORMAL

 

 

 

 


ADVISED CREDIT

1,000,000.00 USD

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.45

UK Pound

1

Rs.72.90

Euro

1

Rs.61.43

 

 

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

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

----

NB

New Business

----

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.