MIRA INFORM REPORT

 

 

Report Date :

25.08.2012

 

IDENTIFICATION DETAILS

 

Name :

COASTAL REEF UNIVERSAL INC

 

 

Registered Office :

Not Available 

 

 

Country :

British Virgin Islands

 

 

Date of Incorporation :

Not Available 

 

 

Com. Reg. No.:

Not Available 

 

 

Legal Form :

Not Available 

 

 

Line of Business :

Not Available 

 

 

No. of Employees :

Not Available 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Not registered in British Virgin Islands

 

 

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)

British Virgin Islands

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: British overseas territory - Parliamentary system


Economic Risk: Nil

Currency: USD


Branch Situation: Unknown

 

 

IDENTIFICATION

 

Legal Name:

Coastal Reef Universal Inc

 

 

Legal Address

N.A.

 

 

Telephone:

N.A.

Registration Number :

N.A.

Fax:

N.A.

Legal Form:

N.A.

Email:

N.A.

Registered in:

N.A.

Website:

N.A.

Date Created:

N.A.

Manager:

N.A.

Date Incorporated:

N.A.

Staff:

N.A.

Stock:

N.A

 

 

Value:

N.A.

Activity:

N.A.

 

 

BUSINESS

 

PRINCIPAL ACTIVITY

 

Please note that the company Coastal Reef Universal Inc does not appear in the BVI Registry.

 

The company is not listed in the local yellow pages.

 

It does not appear in any of the local directories.

 

It is not listed with the local credit bureau.

 

At the address provided in the order we find the office of the law firm:

 

Portcullis TrustNet (BVI) Limited

4th Floor Ellen Skelton Building

P.O. Box 3444

Road Town

Tortola VG1110

British Virgin Islands

Tel#: 1-284-494-5296

Fax#: 1-284-494-5283

 

When contacted, they denied having the subject company registered with them.

 

We found a company with a similar name called COASTAL REEF LIMITED registered in the British Virgin Island, please let us know if you need a report on that company.

 Final Opinion

 

Despite our long searches, we could not locate the company in the BVI.

 

We consulted all the sources available but the BVI Registry confirmed that the company is not registered in the BVI.

 

We suggest not dealing on credit.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.38

UK Pound

1

Rs.87.80

Euro

1

Rs.69.48

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.