MIRA INFORM REPORT

 

 

Report Date :           

22.11.2011

 

IDENTIFICATION DETAILS

 

Name :

ANISA SHIPPING LIMITED

 

 

Registered Office :

P o Box 480 Charlestown, Nevis

 

 

Country :

Saint Kitts & Nevis

 

 

Year of Establishment :

2000

 

 

Com. Reg. No.:

Not Available

 

 

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 200,000

Status :

Satisfactory

Payment Behaviour :

No Complaints

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Saint Kitts & Nevis

a1

a1

 

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: Present

Currency: 100.00 XCD   =   37.0370 USD


Branch Situation: Stable

 

 

IDENTIFICATION

 

Legal Name:

Anisa Shipping Limited

 

 

Legal Address

Po Box 480 Charlestown, Nevis, Saint Kitts & Nevis.

Operative Address

Po Box 480 Charlestown, Nevis, Saint Kitts & Nevis.

Telephone:

+1 (869) 469-5259/0717

Registration Number :

N/A

Fax:

+1 (869) 469-1162/0718

Legal Form:

International Business Company

Email:

N/A

Registered in:

Saint Kitts and Nevis

Website:

N/A

Date Created:

2000

Manager:

-

Date Incorporated:

N/A

Staff:

0

Stock:

N/A

 

 

Value:

N/A

Activity:

Offshore business

 

 

BANKS

 

Name of the Bank

STANDARD CHARTERED BANK

 

 

BUSINESS

 

HISTORY

 

The company was created in 2000

 

 

PRINCIPAL ACTIVITY

 

Offshore company.

Products/Services description:

 

ANISA LIMITED is an International Business Company / Offshore Company incorporated in ST Kitts for tax purposes.

 

However the company does not carry any operation in the Islands of ST Kitts and Nevis.

 

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

 

It is not listed with the ST Kitts and Nevis yellow pages.

 

It is not listed with the major local credit bureaus.

 

The Address provided by the client is that of the registered agent:

 

Nevis Financial Services –

P.O. Box 480. Charlestown, Nevis Tel: 1(869) 469-5259/0717.

Fax: +1(869) 469-1162/0718

 

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

 

 

The company does not have any employee in ST Kitts and Nevis. It uses the registered agent staff.

 

The subject employs 0 employees.

PAYMENTS

 

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

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

The company is owned by foreign shareholders

Management:

 

It is locally managed by the registered agent mentioned above.

 


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 (estimates):

 

 

 

Currency

DATE

USD

2010

Turnover

0

Operating Income

4,000,000

Net Income

4,000,000

Net worth

10,000,000

Bank liabilities

0

The cash flow is

GOOD

 

Currency

DATE

USD

2008

Turnover

0

Operating Income

3,240,000

Net Income

3,240,000

Bank liabilities

0

The cash flow is

NORMAL

 

 

Legal Fillings

Rating

Local credit bureau gave a MEDIUM credit rate.

 

 

Final Opinion

 

We are reporting an offshore company which belongs to foreign shareholders. Although it is registered in the St Kitts & Nevis, 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. However our banking sources confirm that the company has good financial standing and payments are regular.

 

A credit line may be considered for USD 200,000

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

CORRECT

Public

NO

Indebtedness

NIL

Payments

REGULAR

Cash

NORMAL

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.72

UK Pound

1

Rs.81.42

Euro

1

Rs.68.89

 

 

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.