MIRA INFORM REPORT

 

 

Report Date :           

29.03.2011

 

IDENTIFICATION DETAILS

 

Name :

PIEDMONT TRADING CORPORATION

 

 

Registered Office :

Belize

 

 

Country :

Belize

 

 

Date of Incorporation :

17.11.2008

 

 

Com. Reg. No.:

79612

 

 

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 :

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Belize

c1

c1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

GEOPOLITICS - BELIZE

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Commonwealth Realm - Parliamentary system


Economic Risk: Low

Currency: 100 BZD = 52.01 USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Ordered as:

Piedmont Trading Corporation

Address in the order:

BELIZE

 

 

Legal Name:

Piedmont Trading Corporation

 

 

Legal Address

Belize

 

 

Telephone:

N.A.

Registration Number :

79612

Fax:

N.A.

Legal Form:

International Business Company

Email:

N.A.

Registered in:

Belize

Website:

N.A.

Date Created:

2008

Manager:

N.A.

Date Incorporated:

November 17, 2008

Staff:

0

Stock:

N.A.

 

 

Value:

N.A.

Activity:

Offshore company

 

 

BANKS

 

Name of the Bank

EFG BANK SA

Location                                   

Zurich

Account Number

534802

 

BUSINESS

 

PRINCIPAL ACTIVITY

 

PIEDMONT TRADING CORPORATION is an International Business Company / Offshore Company incorporated in Belize for tax purposes.

 

However the company does not carry any operation in Belize.

 

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

 

It is not listed with the Belize yellow pages.

 

It is not listed with the major local credit bureaus.

 

The company does not have any employee in Belize. 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.

PAYMENTS

 

made on a 50 days basis - monitored over the last 12 months

Comments on location:

 

The address mentioned above is not enough to located the registered agent.



Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

The company is owned by foreign shareholders.

Related Companies:

 

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

 

Piedmont Trading Corporation: Established in 1989, with main activities in commodities and raw materials for industry, major volumes in bulk.

 

The company has offices in Rio de Janeiro/Brazil, Sao Paulo/Brazil, Buenos Aires/Argentina, London/UK, Zurich/Switzerland.

 

Phone: (5521)3873-0888

Fax: (5521)2295-9403

Email: piedmont@piedmontcorp.com

 

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.

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

- 38,000

Net Income

- 42,000

Net worth

120,000

Bank liabilities

0

The cash flow is

large

 

 

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 Belize, 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

NEGATIVE

Public

NO

Indebtedness

NIL

Payments

REGULAR

Cash

VERY GOOD

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.78

UK Pound

1

Rs.71.64

Euro

1

Rs.62.96

 

 

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

 

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.