MIRA INFORM REPORT

 

 

Report Date :

14.07.2011

 

IDENTIFICATION DETAILS

 

Name :

CANDATCH (HK) INDUSTRY CORP

 

 

Registered Office :

Springates South, Lower Government Road, Charles Town, Nevis

 

 

Country :

St. Kitts and Nevis

 

 

Date of Incorporation :

--

 

 

Legal Form :

International Business Company

 

 

Line of Business :

Offshore Company

 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Offshore Company

 

 

Payment Behaviour :

--

 

 

Litigation :

--

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

St. Kitts and Nevis

C1

C1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

GEOPOLITICS

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Commonwealth Realm - Parliamentary system


Economic Risk: Nil

Currency: 100.00 XCD = 37.0370 USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Legal Name:

Candatch (HK) Industry Corp

 

 

Legal Address

Springates South, Lower Government Road, Charles Town, Nevis

 

 

Telephone:

1 (869) 469-0038/ 1 (869) 469-5521 ext 2172

Registration Number :

N/A

Fax:

 1 (869) 469-0039

Legal Form:

International Business Company

Email:

N/A

Registered in:

St Kitts-Nevis

Website:

N/A

Date Created:

-

Manager:

N/A

Date Incorporated:

N/A

Staff:

 

Stock:

N/A

 

 

Value:

N/A

Activity:

Offshore Company

 

 

BUSINESS

 

HISTORY

 

Candatch (HK) Industry Corp is an International Business Company / Offshore Company incorporated in St Kitts-Nevis for tax purposes.

 

However the company does not carry any operation in St Kitts-Nevis.

 

It is not registered with the St Kitts-Nevis Chamber of Commerce as being an active business.

 

It is not listed with the St Kitts-Nevis yellow pages.

 

It is not listed with the major local credit bureaus.

 

The company does not have any employee in St Kitts-Nevis. 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 subject's payment performance and general reputation regarding commitments contracted as same it is UNKNOWN as making use of credit facilities.

LOCATION

Headquarters

 

The Address mentioned above is that of the registered agent:

Development & Marketing Department:                       

P O Box 882 Heritage Plaza

Main Street, Charlestown

Nevis

Tel: 1 (869) 469-0038/ 1 (869) 469-5521 ext 2172

Fax: 1 (869) 469-0039

 

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



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.

 




Financials - COMMERCIAL TRENDS AND FORECAST

 

The Subject Company is registered as an International Business Company/ Offshore Company in St Kitts-Nevis and is therefore exempt from filing and/or publishing Annual Audited Accounts at the Registrar of Companies, under St Kitts-Nevis 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.

Comments on the financial data: Other relevant data:

With reference to your request for a Business Credit Report on the above Subject, we hereby advise that according to the Credit Bureau files there are no reports of any Credit Delinquencies registered in the name of the subject Company or its given Directors.

In addition, there was no record of any High Court or Petty Civil Court Judgments entered against the Company or its Directors in any civil suit and/or litigation matter during the period of our Judgment searches (6 years).

Based on our credit Bureau Data Base investigations we have found no evidence of any Reported Credit Delinquency or delay /default /caution on this Company.



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 Anguilla, 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.

 

 

APPENDIX

 

Person Interviewed

 

Male receptionist

Comments

 

He refused to provide us any information about this company, due to security purposes.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.59

UK Pound

1

Rs.71.07

Euro

1

Rs.62.40

 

 

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.