MIRA INFORM REPORT
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Report Date : |
21.04.2012 |
IDENTIFICATION DETAILS
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Name : |
NADELLA CORPORATION |
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Registered Office : |
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Country : |
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Year of Establishment : |
2003 |
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Com. Reg. No.: |
Not Available |
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Legal Form : |
International Business Company |
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Line of Business : |
Offshore Company |
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No. of Employees
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0 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 15,000.00 |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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St. Kitts and Nevis |
c1 |
c1 |
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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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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Commonwealth Realm -
Parliamentary system
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Currency: 100 XCD = 37.03 USD |
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Legal Name: |
Nadella Corporation |
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Legal Address |
Hunkins Waterfront Plaza, P.O. Box 556 Main Street Charlestown, Nevis
West Indies (Registered Agents Address) |
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Telephone: |
(869) 469-1333 / 1817 (Registered Agents
Number) |
Registration Number : |
N.A. |
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Fax: |
(869) 469-0968 / 1794 (Registered Agents
Fax) |
Legal Form: |
International Business Company |
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Email: |
N.A. |
Registered in: |
St. Kitts and Nevis |
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Website: |
N.A. |
Date Created: |
2003 |
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Manager: |
N.A. |
Date Incorporated: |
N.A. |
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Staff: |
0 |
Stock: |
N.A. |
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Value: |
N.A. |
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Activity: |
Offshore company |
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Name of the Bank |
HSBC Bank |
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Account Number |
Confidential. |
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Comments |
N.A. |
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PRINCIPAL ACTIVITY |
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NADELLA CORPORATION is an International Business Company / Offshore
Company incorporated in St. Kitts and Nevis for tax purposes. However the company does not carry any operation in 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. |
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Trade References: |
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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. |
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The subject employs 0 employee(s) |
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Comments on staff: |
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The company does not have any employee in the St. Kitts and Nevis. It
uses the registered agent staff. |
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PAYMENTS |
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made on a 40 days basis - monitored over the last 12 months |
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LOCATION |
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Headquarters |
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The address mentioned above is that of the registered agents: Meridian Trust Company Ltd Hunkins Waterfront Plaza P.O. Box 556, Main Street Charlestown, Nevis West Indies Tel: +1-869-469-1333 Fax: +1-869-469-0968 Email: nevis@tridenttrust.com
and Morning Star Holdings Limited Hunkins Plaza P.O. Box 556, Main Street Charlestown, Nevis, West Indies Tel: 1-869-469-1817 Fax: 1-869-469-1794 Email: info@morningstarnevis.com
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Shareholders Parent Company(ies): |
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The company is owned by foreign shareholders. |
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Management: |
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It is locally managed by one of the registered agents mentioned above. The agents declined to give any information on the subject, who is
protected by the law of non disclosure. |
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Related Companies: |
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Through outside sources we could learn that the subject would be
related to: Nadella US. 761 West Michigan Ave. Suite N, Jackson, MI 49201 Tel. +01 517 774 4466 Fax +01 517 764 0806 E-mail: michael.binroth@nadella.it
Nadella has been manufacturing linear rails, needle bearings, combined
bearings and linear actuators for used in every conceivable industrial
sector. However, the subject being an offshore company, the link could not be
verified. |
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As a private company the subject does not publish any financial
statements. |
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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. |
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Currency |
DATE |
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USD |
2011 |
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Turnover |
0 |
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Operating Income |
345,000 |
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Net Income |
345,000 |
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Net worth |
850,000 |
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Bank liabilities |
0 |
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The cash flow is |
normal |
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Comments on the financial data: The company
being an offshore, it was not possible to verify the financial figures with
the registered agent. |
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Legal Fillings |
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The sources consulted record no
detrimental legal or labor court information. |
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Local credit bureau did not rate this
company. |
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Final Opinion |
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We are reporting an offshore company which
belongs to foreign shareholders. Although it is registered in the St. Kitts
and 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. A credit line may be considered for USD
15,000.00 |
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Profitability |
GOOD |
Public |
NO |
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Indebtedness |
NIL |
Payments |
REGULAR |
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Cash |
NORMAL |
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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.51.99 |
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UK Pound |
1 |
Rs.83.54 |
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Euro |
1 |
Rs.63.40 |
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.