MIRA INFORM REPORT

 

 

Report Date :

17.08.2012

 

IDENTIFICATION DETAILS

 

Name :

DELTAPOINT CO LTD

 

 

Registered Office :

16 Krinon, Limassol, 3110

 

 

Country :

Cyprus

 

 

Date of Incorporation :

21.01.2009

 

 

Com. Reg. No.:

C244875

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Shipping Company

 

 

No. of Employees :

Not Available

 

 

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 :

International Business Company

Payment Behaviour :

Unknown

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)

Cyprus

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Basic Information

 

 

Registered Name      DELTAPOINT CO LTD

English Name           DELTAPOINT CO LTD

Registered Address  16 Krinon, Limassol, 3110, Cyprus

Headquarters:           9 Vasili Michailidi, Globalserve Business Centre, Limassol, 3026, PoBox 57048, Cyprus

Telephone                +35725824545

Fax                           +35725824060

E-mail                       dinosant@cytanet.com.cy (corresponsendence E-mail)

WebSite                   http://www.dinoscpa.com (correspondence Web-site)

Legal Type               Limited Company

Registration No         C244875                                   Registration Date             21/01/2009

Start Date                 21/01/2009                                Years of Operation:         3

Last return                21/01/2009                                                                       

CINFO ID:                  CYC23193039                                                                  

                                   

           

Summary

           

Employees                         August 2012                                           

                                          Company                                                             

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.

 

Additional Info:

Legal Advisor: KYRIAKOS KENEVEZOS, Archiepiskopou Makariou C' Ave. 137 & Papadiamanti 2 Corner, 3021, Limassol.

Correspondence: GLOBALSERVE CONSULTANTS LIMITED, 1, Karatza, Thelma Court, 2nd Floor, Off. 202, 3021, Limassol, P.O.Box 57048, 3311, Tel. 25824545.

           

Payment

                                   

Assessment:                 Nil Rating

Payment Habits:            NO COMPLAINTSA      

check against all available information sources revealed that no late payment incidents against Subject Company exist.

 

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.

 

Commercial morality      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.

 

Financial strength          Unable to comment       

 

           

Capital

           

Authorized Capital         5,000.00              EUR  Issued Capital                     0.00                           EUR

Nominal No Of Shares   5,000.00                       Issued No Of Shares            5,000.00                    

Nominal value               1.00                    EUR  Paid Up                               5,000.00                     EUR

 

 

Corporate Structure

                                   

Directors                            Position            ActsAs       ID                     Occupation           Age   Appointed     Other dir.

 

NEOFYTOU ATHINOULLA    Director                                   538733(ID)                              53            21/01/2009              Yes

   1 Karatza, Thelma Court, 2nd Floor, Apt. 202, Limassol, 3021, Cyprus

 

Other Directorship:        

   Name                           Registration Date           RegNo               Status             Position      Update Date

   SOLIDPRO HOLDINGS LTD                                  21/02/2008         C223467          Registered and operational     Director   02/08/2012

   AMAKURU HOLDING LTD                                    21/10/2009         C256555          Registered and operational     Director   25/06/2012

   LAVARDEN ENTERPRISES LIMITED                    29/12/1999         C107683          Registered and operational     Director   29/05/2012

   PARITAX CONSULTANTS LTD                              08/03/2010         C263656          Registered and operational     Director   25/05/2012

   S.S. SUCCESS BY SHARING LTD                        07/09/2009         C254525          Registered and operational     Director   25/05/2012

   PLIMNI HOLDINGS LIMITED                                 17/11/2010         C277043          Registered and operational     Director   11/04/2012

   VALSTENA TRADING LTD                                    22/11/2007         C212956          Registered and operational     Director   05/04/2012

   MENALINA ENTERPRISES LTD                            31/12/2010         C279867          Registered and operational     Director   27/03/2012

   LEVANZIA HOLDINGS LTD                                   30/11/2010         C277814          Registered and operational     Director   23/03/2012

   MAHOLE TRUSTEES CO. LIMITED                       23/06/2005         C162200          Registered and operational     Director   19/01/2012

Note: In order to view a full list please order a directorhsip report.

                                                                                                                                              

Other Shareholding:             No Information Found

   

                                                                                                                                              

 

 

   

  Secretary                           Position             ActsAs       ID                 Occupation            Age   Appointed     Other dir.

 

   D.A SECRETARIAL LIMITED Company Secretary                                  C118888                            0                      21/01/2009       No

   16 Krinon, Limassol, 3110, Cyprus

 

Other Directorship:                         No Information Found

           

Other Shareholding:      

   Name                            Registration Date           RegNo               Status           %     Update Date

   RODOTEX ENTERPRISES LIMITED                       24/02/2005          C157945        Registered and operational     100   09/07/2009

   FASTAHEAD LTD           01/09/2006       C183158   Registered and operational        100  11/12/2007

   WINSERVE INVESTMENTS & TRADING LTD                                  21/05/2007     C199978       Registered and operational   100                             16/10/2010

   MARLET TRADING LIMITED                                  19/07/2004          C150475        Registered and operational     100   07/09/2010

   RUBBINACT INVESTMENTS LTD                          20/05/2007          C199964        Registered and operational     100   25/01/2011

   ZORBERO TRADING LIMITED                               07/11/2005          C167622        Registered and operational     100   01/02/2011

   HAROPI TRADING LIMITED                                   23/10/2002          C133764        Registered and operational     100   26/04/2011

   GOLDENACT HOLDINGS LTD                               20/05/2007          C199941        Registered and operational     100   13/09/2011

   ADDPROFIT CONSULTANTS LIMITED                   28/09/2005          C166009        Registered and operational     100   28/05/2012

   NORASCO LIMITED        29/04/1993       C54987    Registered and operational        99.998          24/11/2009

   Note: In order to view a full list please order a directorhsip report.

 

 

                                                                                                                                                  

Shareholders             ID / Reg. No.           ActsAs        Nationality     Shares         %         Shares Breakdown Class  Type

 

D.A ACCOUNTING & SECRETARIAL LIMITED               C118886                       -           2500     50         -

-

-

 

 

  16 Krinon, Limassol, 3110, Cyprus

Other Directorship:               No Information Found

   

 

Other Shareholding:       

   Name                            Registration Date           RegNo                Status         %     Update Date

   LEVANZIA HOLDINGS LTD                                    30/11/2010          C277814      Registered and operational     50   23/03/2012

   MENALINA ENTERPRISES LTD                             31/12/2010          C279867      Registered and operational     50   27/03/2012

   VALSTENA TRADING LTD                                     22/11/2007          C212956      Registered and operational     50   05/04/2012

   PLIMNI HOLDINGS LIMITED                                   17/11/2010          C277043      Registered and operational     50   11/04/2012

   GRACEHILL HOLDINGS LTD                                  24/05/2011          C287530      Registered and operational     50   19/06/2012

   PONTENERO TRADING LTD                                  28/01/2011          C280940      Registered and operational     50   21/06/2012

   SIFOLIA HOLDINGS LTD                        13/01/2012                         C299872      Registered and operational     50   05/07/2012

   BONAFATSA INVESTMENTS LTD                          16/03/2009          C247117      Registered and operational     50   10/07/2012

   PREMIRAMA HOLDINGS LTD                                16/03/2009          C247112      Registered and operational     50   26/07/2012

   BALMARM STONE TRADING LIMITED                   02/04/1998          C93689        Registered and operational     50   23/07/2008

   Note: In order to view a full list please order a directorhsip report.

                                                                                                                                             

D.A SECRETARIAL LIMITED                C118888                       -           2500     50         -

-

-

 

16 Krinon, Limassol, 3110, Cyprus

Other Directorship:               No Information Found

           

Other Shareholding:      

   Name                            Registration Date           RegNo               Status           %     Update Date

   RODOTEX ENTERPRISES LIMITED                       24/02/2005         C157945        Registered and operational     100   09/07/2009

   FASTAHEAD LTD           01/09/2006       C183158   Registered and operational        100  11/12/2007

   WINSERVE INVESTMENTS & TRADING LTD                                  21/05/2007     C199978       Registered and operational   100                             16/10/2010

   MARLET TRADING LIMITED                                  19/07/2004         C150475        Registered and operational     100   07/09/2010

   RUBBINACT INVESTMENTS LTD                          20/05/2007         C199964        Registered and operational     100   25/01/2011

   ZORBERO TRADING LIMITED                               07/11/2005         C167622        Registered and operational     100   01/02/2011

   HAROPI TRADING LIMITED                                   23/10/2002         C133764        Registered and operational     100   26/04/2011

   GOLDENACT HOLDINGS LTD                               20/05/2007         C199941        Registered and operational     100   13/09/2011

   ADDPROFIT CONSULTANTS LIMITED                   28/09/2005         C166009        Registered and operational     100   28/05/2012

   NORASCO LIMITED       29/04/1993       C54987    Registered and operational        99.998          24/11/2009

   Note: In order to view a full list please order a directorhsip report.

           

                                               

Operation

                                   

Activity Code                                               Description

NACE 1.1          45         Construction

 

NACE 1.1          65.2      Other financial intermediation

 

NACE 1.1          70         Real estate activities

 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       

Line of Business

According to the Article of Associations the subject acts as a shipping company although this was not confirmed. However the article makes provision for other activities as well.

 

Export to                                                                                                                      Percentage

Comments        Non Retrievable

 

Import from                                                                                                                  Percentage

Comments                 Non Retrievable

 

Market Terittory

 

International Presence                                                                                                   100%

 

 

Premises

 

Type                                  headquarters

Address:                            9 Vasili Michailidi, Globalserve Business Centre, Limassol, 3026, PoBox 57048, Cyprus

Headquarters comprise of Offices

Headquarters operate as: correspondence office

           

                                               

Charges

                                   

No  Date registered Date prepared Type       Description/No  Amount      Sequence  Beneficiary

0    N/A               N/A             N/A                   N/A                    N/A             N/A            No charges found

  

 

Negatives

 

No negative data

 

           

Financial Statement

 

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 21/01/2009. According to the article of association the company acts as a shipping company. However, this information was not confirmed. 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 Dinos Antoniou & Co Ltd, where we talked with a, company representative, who refused to release any information such as if the company maintains offices of its own in Cyprus due to the confidentiality policy owed to their clients. A written questionnaire was sent in order to forward it to the company in question for us. There was no reply up to now. Should any additional information becomes available we will forward them to you as soon as possible.

Please note that the information included in the report was obtained from the Official Companies’ Registrar.

A check against our revealed that no negative payment incidents against Subject Company, such as unpaid invoices, dishonoured cheques and utility bills, bankruptcies exist etc.

 

  

  

Contact Information

                                                                                                             

   Name:                           Not Available

   Quality:                         company                                                        

   Title:                              representative                                                 

   Declined

   Any info

   A questionnaire was sent - no reply received

  


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.98

UK Pound

1

Rs.87.55

Euro

1

Rs.68.68

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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.