MIRA INFORM REPORT

 

 

Report Date :           

17.04.2012

 

IDENTIFICATION DETAILS

 

Name :

INTERFIN

 

 

Registered Office :

Waterfowl Road #2, 599 Philipsburg, Sint Maarten

 

 

Country :

Netherlands Antilles

 

 

Year of Establishment :

1989

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Selling of plants on turnkey terms.

 

 

No. of Employees :

05

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

20,000.00 USD

Status :

Small Company 

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 – March 31st, 2012

 

Country Name

Previous Rating

                   (31.12.2011)                  

Current Rating

(31.03.2012)

Netherlands Antilles

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

IDENTIFICATION

 

Ordered as:

INTERFIN

Address in the order:

Waterfowl Road #2, Sint Maarten, Dutch West Indies, 599 Philipsburg Sint Maarten

 

 

Legal Name:

INTERFIN

 

 

Legal Address

Waterfowl Road #2, 599 Philipsburg, Sint Maarten

 

 

Telephone:

(599) 587 3771/ 548-4716

Registration Number :

N.A.

Fax:

(1-253) 550-8740

Legal Form:

Limited Liability Company

Email:

inpond@gmail.com

Registered in:

Sint Maarten

Website:

N.A.

Date Created:

1989

Manager:

Mr. William London  (CEO)

Date Incorporated:

N.A.

Staff:

5

Stock:

N.A.

 

 

Value:

N.A.

Activity:

Selling of plants on turnkey terms.

 

 

CREDIT RECOMENDATION

 

Current Credit Limit: 20,000.00 USD

 

 

DIRECTORS/MANAGEMENT

 

Management:

 

Mr. William London

Chief Executive Officer

Oil & Energy Specialist

 

NEGATIVE INFORMATION

 

Legal Fillings

 The sources consulted record no detrimental legal or labor court information.

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Shareholders Parent Company(ies):

 

This is a private company and Mr. William London is the owner.

 

 

PAYMENT INFORMATION

PAYMENTS

 

made on a 45 days basis - monitored over the last 12 months

 


DEBT COLLECTIONS AND PAYMENTS

Public

NO

Payments

REGULAR

Indebtedness

MEDIUM

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Na

 

 

FINANCIAL INFORMATION

 

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

2011

Turnover

789 000

Operating Income

45 000

Net Income

33 000

Net worth

250 000

Bank liabilities

35 000

The cash flow is

Normal

Comments on the financial data: The financial information provided by our banking sources could not be verified with the company or public records


FINANCIAL SUMMARY

 

Profitability

CORRECT

 

 

Cash

NORMAL

 

 

FOREIGN EXCHANGE RATES

 

Na

 

 

ADDITIONAL INFORMATION

 

BANKS

Name of the Bank

Hsbc Bank

Account Number

Confidential

BUSINESS

HISTORY

 

The subject is operating since 1989.

PRINCIPAL ACTIVITY

 

INTERFIN is a brokerage intermediary Service involving the selling of plants on turnkey terms.

 

Products/Services description:

 

Trade financing, financial and insurance guarantee bonds for import/export financing, Project financing and arranging of loan guarantees for projects and offers covering of worldwide shipment of goods.

 

They also offer portable mini oil refineries for on-shore and off-shore from 150MT to 2000Mt.

 

Clients:

 

Sellers of gold, platinum, silver, etc.

Suppliers:

 

The company does not provide names of suppliers on grounds of confidentiality.

Operations area:

 

National, International

The subject employs 5 employee(s)

 

 

LOCATION

Headquarters

 

The head offices are located at Waterfowl Road #2, 599 Philipsburg, Sint Maarten.

Branches:

 

The subject does not report any other branch.

Listed at the stock exchange:

 

NO

Rating

 

Local credit bureau gave a correct credit rate.

 

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

 

 

 

 

 

NOTES & COMMENTS

 

Final Opinion

 

This is a private company operating in the selling of plants on turnkey terms business since 22 years ago with the support of 5 employees and accounts with a well known bank in the country.

 

The financial information provided by our banking sources could not be verified with the company or public records.

 

We recommend a maximum credit line of 20,000.00 USD based in their size and medium level of indebtedness.

 

APPENDIX

 

Person Interviewed

 

 

Mr. William London

 

Position

 

 

Chief Executive Officer

 

Comments

 

 

We tried to obtain more detailed information from the company but it was not possible at this time. He only provided general information and explains that they recently changed their address from "Peach Road 9, S.R." to "Waterfowl Road #2".

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.66

UK Pound

1

Rs.81.80

Euro

1

Rs.67.18

 

 

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.