MIRA INFORM REPORT
|
Report Date : |
30.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
MINARG INTERNATIONAL LTD |
|
|
|
|
Registered Office : |
The Bank of Nova Scotia Building, P.O. Box 268, George Town, Grand Cayman KY1-1104, British West Indies |
|
|
|
|
Country : |
Cayman Islands |
|
|
|
|
Date of Incorporation : |
Not Available |
|
|
|
|
Com. Reg. No.: |
33582 |
|
|
|
|
Legal Form : |
International Business Company |
|
|
|
|
Line of Business : |
Offshore Company |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment
Behaviour : |
Unknown |
|
|
|
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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
|
Currency: Cayman Islands (KYD) 100 KYD = 120.89 USD |
IDENTIFICATION
|
Ordered as: |
Minarg International Ltd |
||
|
Address in the order: |
Bank of Nova Sotia Bldg., P O Box 268 Gran Cayman Cayman Islands |
||
|
|
|
||
|
Legal Name: |
MINARG INTERNATIONAL LTD |
||
|
|
|
||
|
Legal Address |
The Bank of Nova Scotia Building, P.O. Box 268, George Town, Grand Cayman
KY1-1104, British West Indies, Cayman Islands (Reg. Agents add.) |
||
|
|
|
||
|
Telephone: |
345-949-6258 Registered Agents Number |
Registration Number : |
33582 |
|
Fax: |
345-945-2877 Registered Agents Fax |
Legal Form: |
International Business Company |
|
Email: |
N.A. |
Registered in: |
Cayman Islands |
|
Website: |
N.A. |
Date Created: |
N.A. |
|
Manager: |
N.A. |
Date Incorporated: |
N.A. |
|
Staff: |
0 |
Stock: |
N.A. |
|
|
|
Value: |
N.A. |
|
Activity: |
Offshore Company. |
||
BUSINESS
|
PRINCIPAL ACTIVITY |
|
|
|
Minarg International Ltd. is an International Business Company
incorporated in Cayman Islands for
tax purposes. However the company does not carry any operation in Cayman Islands. It is not registered with Cayman Islands Chamber of Commerce as being
an active business. It is not listed with 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 subject's payment performance and general
reputation regarding commitments contracted as same it is UNKNOWN as making use of credit facilities. |
|
Comments on location: |
|
|
|
The Address mentioned above is that of the registered agent: Campbell Corporate Services Ltd The Bank of Nova Scotia Building, P.O. Box 268, George Town, Grand Cayman
KY1-1104, British West Indies, Cayman Islands T. 345-949-6258 F. 345-945-2877 |
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. |
|
Related Companies: |
|
|
|
Through outside sources we could learn that the subject would be
related to: Minarg Trading Ltd. 4750 Arbutus St Unit 404 Vancouver, BC V6J 4A4 Canada Minarg Trading Ltd is a private company categorized under Commodity
Contracts Dealing company located in Vancouver, British Columbia with 7 years
in business. Current estimates show
this company has annual revenues of 1,974,800 and employs a staff of approximately
2. However, the subject being an offshore company, the link could not be
verified. |
Financials - COMMERCIAL TRENDS AND FORECAST
|
As a private company the subject does not
publish any financial statements. |
|
Comments on the financial data: We are
currently waiting on financial data from our banking sources. As soon as
received we will send them to you in a complementary report. |
|
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 currently waiting on financial data
from our banking sources. As soon as received we will send them to you in a
complementary report. Please keep in mind that the new
information may modify our current opinion. In the meantime, we suggest caution. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.94 |
|
UK Pound |
1 |
Rs.71.91 |
|
Euro |
1 |
Rs.64.60 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.