MIRA INFORM REPORT
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Report Date : |
09.04.2012 |
IDENTIFICATION DETAILS
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Name : |
T & D POWERSYSTEMS TECHNOLOGY LIMITED |
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Registered Office : |
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Country : |
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Date of Incorporation : |
15.11.2008 |
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Com. Reg. No.: |
C241930 |
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Legal Form : |
Limited Company |
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Line of Business : |
Not Available |
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No. of Employees
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Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not recommended |
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Status : |
International business
Company |
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Payment
Behaviour : |
Unknown |
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Litigation : |
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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, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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Cyprus |
b1 |
b1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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Registered
Name |
T
& D POWERSYSTEMS TECHNOLOGY LIMITED |
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English
Name |
T
& D POWERSYSTEMS TECHNOLOGY LIMITED |
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Registered
Address |
1
Costaki Pantelide Street, Kolokasides Building, 3rd Floor, 1010, PoBox 22313,
Nicosia, Cyprus |
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Headquarters: |
1
Costaki Pantelide Street, 1010, Nicosia, Cyprus |
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Telephone |
+35722674141 |
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Fax |
+35722673388 |
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E-mail |
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WebSite |
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Legal
Type |
Limited
Company |
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Registration
No |
C241930 |
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Start
Date |
15/11/2008 |
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CINFO
ID: |
CYC23191613 |
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Registration
Date |
15/11/2008 |
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Years
of Operation: |
4 |
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Employees |
April
2012 |
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Company |
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Total
Number |
Not
Available |
The company does not maintain offices in Cyprus. At least we
did not trace any. Under these circumstances no staff is employed. In such
cases, companies utilize staff (2-3 people) from their auditors’ or lawyers’
offices.
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Payment
Habits: |
No
complaints |
A
check against all available information sources revealed that no late payment
incidents against Subject Company exist. |
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Good
for amount and terms of inquiry: |
Unable
to comment |
Given
the fact that no detailed financial statements were released to us , we feel
unable to comment on a maximum credit. |
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Financial
strength |
Unable
to comment |
Given
that the present is an International Business Company - IBC (Offshore Company)
and most of its activities are carried out outside Cyprus, coupled with the
fact that no further detailed financial information is available, we feel
unable to express a safe and reliable opinion on their creditability and
commercial morality of the subject. |
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Authorized
Capital |
1,000.00 |
EUR |
Issued
Capital |
0.00 |
EUR |
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Nominal
No Of Shares |
1,000.00 |
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Issued
No Of Shares |
1,000.00 |
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Nominal
value |
1.00 |
EUR |
Paid
Up |
1,000.00 |
EUR |
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Directors |
Position |
ActsAs |
ID |
Occupation |
Age |
Appointed |
Other dir. |
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Hadjigiangou
Charalambos |
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Director |
Nominee/Trustee |
(-) |
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- |
No |
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1 Costaki Pantelide
Street, 1010, Nicosia, Cyprus |
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Other
Directorship: |
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No Information
Found |
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Other
Shareholding: |
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No Information
Found |
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Secretary |
Position |
ActsAs |
ID |
Occupation |
Age |
Appointed |
Other dir. |
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CYPROLIAISON
LIMITED |
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Secretary |
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C17265 |
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0 |
- |
No |
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Shareholders |
ID /
Reg. No. |
ActsAs |
Nationality |
Shares |
% |
Shares
Breakdown |
Class |
Type |
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LAZAROU
MARIOS |
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659659(ID) |
Nominee/Trustee |
CYPRIOT |
500 |
50 |
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1
Kostaki Pantelidi Avenue, Nicosia, Cyprus |
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Other
Directorship: |
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Name |
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Registration
Date |
RegNo |
Status |
Position |
Update
Date |
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KOLDING
ENTERPRISES LIMITED |
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16/12/2004 |
C155289 |
Registered
and operational |
Director |
15/03/2012 |
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VIRIDIA
FUEL TECHNOLOGIES LIMITED |
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27/04/2011 |
C285791 |
Registered
and operational |
Director |
28/02/2012 |
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HUMBLOT
HOLDINGS LIMITED |
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29/03/2007 |
C195567 |
Registered
and operational |
Director |
16/02/2012 |
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OZAR
LIMITED |
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19/12/2007 |
C216755 |
Registered
and operational |
Director |
15/02/2012 |
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SMART
ARROW HOLDINGS AND DEVELOPMENT LIMITED |
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26/07/2006 |
C181081 |
Registered
and operational |
Director |
09/01/2012 |
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THRACE
HOLDINGS LIMITED |
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09/03/1998 |
C93051 |
Registered
and operational |
Director |
03/01/2012 |
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SEDLEY
BAY LIMITED |
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19/05/2008 |
C229295 |
Registered
and operational |
Director |
06/10/2011 |
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STALLWOOD
LIMITED |
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05/03/2008 |
C224593 |
Registered
and operational |
Director |
06/10/2011 |
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UNILORD
LIMITED |
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05/10/2005 |
C166280 |
Registered
and operational |
Director |
06/10/2011 |
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ZENEYA
LIMITED |
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04/11/2006 |
C186717 |
Registered
and operational |
Director |
06/10/2011 |
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Note:
In order to view a full list please order a directorship report. |
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Other
Shareholding: |
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Name |
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Registration
Date |
RegNo |
Status |
% |
Update
Date |
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FRONTSEA
PROPERTY LIMITED |
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21/09/2006 |
C184217 |
Registered
and operational |
100 |
20/08/2009 |
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POLARES
HOLDINGS LIMITED |
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03/03/2008 |
C224461 |
Registered
and operational |
100 |
31/08/2009 |
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CODAVI
INTERNATIONAL LIMITED |
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08/02/2010 |
C262114 |
Registered
and operational |
100 |
11/02/2011 |
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SMART
ARROW HOLDINGS AND DEVELOPMENT LIMITED |
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26/07/2006 |
C181081 |
Registered
and operational |
100 |
09/01/2012 |
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KOLDING
ENTERPRISES LIMITED |
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16/12/2004 |
C155289 |
Registered
and operational |
100 |
15/03/2012 |
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FADIRE
LIMITED |
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05/05/2011 |
C286372 |
Registered
and operational |
90 |
23/02/2012 |
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BENTOFAN
LIMITED |
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13/08/2008 |
C236029 |
Registered
and operational |
50 |
07/09/2010 |
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GONYBED
LIMITED |
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09/06/2005 |
C161726 |
Registered
and operational |
50 |
06/06/2007 |
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HUMBLOT
HOLDINGS LIMITED |
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29/03/2007 |
C195567 |
Registered
and operational |
50 |
27/10/2008 |
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TREVETT
LIMITED |
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20/02/2007 |
C192626 |
Registered
and operational |
50 |
20/03/2009 |
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Note:
In order to view a full list please order a directorship report. |
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Lazarou
Charalambos |
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(-) |
Nominee/Trustee |
CYPRIOT |
500 |
50 |
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1
Costaki Pantelide Street, 1010, Nicosia, Cyprus |
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Other
Directorship: |
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No
Information Found |
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Other
Shareholding: |
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No
Information Found |
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No |
Date
registered |
Date
prepared |
Type |
Description/No |
Amount |
Sequence |
Beneficiary |
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0 |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
No
charges found |
No negative data
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Legal
Entities - Status |
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Company
Name |
Reg.
No. |
Status |
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CHEMLOG
HOLDINGS LIMITED |
C156113 |
Registered
- Self Liquidation |
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HEADFLIP
INVESTMENTS LIMITED |
C167947 |
Registered
- Self Liquidation |
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Legal
Entities |
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Company
Name |
Reg.
No. |
Case
No/ Invoice
No. |
Default
Desc. |
Amount |
Claimant |
Date
of Claim |
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CHEMLOG
HOLDINGS LIMITED |
C156113 |
1016 |
Self-Liquidation
by Shareholders & Notice of Appointment of Liquidator |
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- |
25/02/2011 |
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CHEMLOG
HOLDINGS LIMITED |
C156113 |
3586 |
Notice
of Final Shareholders Assembly |
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- |
10/10/2011 |
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HEADFLIP
INVESTMENTS LIMITED |
C167947 |
5597 |
Self-Liquidation
by Shareholders & Notice of Appointment of Liquidator |
0.00
EUR |
- |
21/12/2011 |
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Additional Information
MAIN SOURCES OF INFORMATION - FOR THIS REPORT
i.Visited Official Companies’ Registry
ii.Interview with Company / Correspondence
iii.Desk Research iv.Search through Internet
Subscription Databases (Business Information)
v.Specialized Media Search Global & Local
vi.Search through internet Social Networks
vii.Infocredit Negative Record Database
viii.Relationship/Directorship Search through
Infocredit Database
The present is an International Business Company - IBC
(ex - Offshore Company) registered in Cyprus on 15.11.2008. According to the
article of association the company is involved in general trade. Of Course the
article makes provision of other activities as well. We have the impression
that this is an International Business Company. IBC companies, being covered by
the law of confidentiality, may use nominee shareholders that hold the shares
in trust for beneficial owners.
Until recently beneficial owners were made known only
to the Central Bank of the Republic of Cyprus that used to grant the permission
for the company’s registration in Cyprus. After Cyprus accession in the EU this
practice changed. Beneficial owners of an IBC are now known to the Lawyers and
/ or Auditors that undertake the registration of such companies in Cyprus.
In the past IBC’s (ex offshore companies & offshore
branches) used to be benefited from a corporation tax rate on their profits of
4.25%. However, according to new tax legislation which has been in effect as of
1st January 2003, there is no longer a distinction between local companies and
International Business Companies (IBC’s) and thus, the net profits of all
companies registered in Cyprus are taxed at the rate of 10%.
Further more, in the past the law required the IBC’s
(ex offshore companies & offshore branches), beneficial owners to be
non-Cypriot residents and the business activities to be carried out, outside
Cyprus only. Currently, this law has changed.
IBC entities may have activities worldwide, including
Cyprus. However, in order for an IBC entity to have activities locally, their
Memorandum and Articles of Association should provide for that. Most of the IBC
entities that were registered before the change of the law have already
proceeded with the amendments in their Memorandum and Articles of Association.
We were not able to trace any offices for the company
in question in Cyprus, however we contacted the company's correspondence L
Papaphilippou & Co where the official declined to release any information
such as if the company is an IBC or not and if they maintain offices of their
own in Cyprus, due to the confidentiality policy owed to their clients. For
this reason, a questionnaire was placed in order to be forwarded to the subject
but there has been no response yet.
Please note that the information included in the
report was obtained from the Official Companies’ Registrar. In addition, note
that the latest financial details are not available at the file of the company
at the official companies' registry house; as the law provides for all
companies. Further financial details are not available from other public
sources.
A check against
our records revealed that no negative payment incidents against Subject
Company, such as unpaid invoices, dishonored cheques and utility bills,
bankruptcies exist etc.
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Name: |
Not
Available |
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Quality: |
company |
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Title: |
representative |
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Declined |
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Any
info |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.05 |
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UK Pound |
1 |
Rs.81.09 |
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Euro |
1 |
Rs.67.39 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.