|
Report Date : |
11.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
MERDALE INVESTMENT COMPANY LIMITED |
|
|
|
|
Registered Office : |
c/o Volaw Trust and Corporate Services Ltd, Templar House, Don Road, JE1
2TR St Helier, Jersey/JE |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
17.01.1986 |
|
|
|
|
Com. Reg. No.: |
33688 |
|
|
|
|
Legal Form : |
Company limited by shares |
|
|
|
|
Line of Business : |
Subject
is an Offshore Company |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Offshore Company |
|
Payment Behaviour : |
Unknown |
|
Litigation : |
Clear |
Important note
Please be advised that the
company is registered in Jersey. The
address in your order cannot be confirmed.
The company is now registered c/o Volaw Trust and Corporate Services, at
the address advised in our report.
Merdale Investment Company Limited
c/o Volaw Trust and Corporate Services Ltd
Templar House, Don
Road
JE1 2TR St Helier
Jersey/JE
Telephone: +44
1534 500 400
Fax: +44
1534 500 450
Established: 1986
Banks: Unknown
Under Jersey Law companies
registered since 1991 do not have to file a list of their principal objects.
As an
Offshore Company, subject is not allowed to engage in any trading activity in
Jersey, Channel Islands. From local enquiries it has not been possible to
determine the exact nature or the extent of the company's operations and where
they are actually conducted.
Company No: 33688
Legal form: Company
limited by shares
Registration: 17.01.1986
Legal status: active
Responsible Register: Jersey
Entry Deleted Name
active Merdale
Investment Company Limited
Entry Deleted Address
active Volaw
Trust and Corporate Services Ltd, Templar House, Don Road, JE1 2TR St Helier,
Jersey/JE
Entry Deleted Capital
active Share
Capital GBP 10'000
Limited Liability Company
(offshore company) with the following shareholders :
Anjula Thomas
2 Wilby Road, Singapore,
276291
7,000 shares held
Dr Easaw Thomas
2 Wilby Road, Singapore,
276291
3,000 shares held
Jersey Company Laws do not
require Balance Sheets to be filed.
Subject's registered agents
have declined to provide any financial information as they are prohibited by
the prevailing laws of secrecy from releasing any such details regarding their
clients.
No local
payment experience is available to our sources.
This is an Offshore Company
which has its registered office care of a corporate services company or
registration agent. The agent merely maintains the company's registered office
and files appropriate documents with the Authorities to comply with the local
laws.
Actual trading is done
outside Jersey, Channel Islands, although from local enquiries we cannot tell
precisely where the company trades or the extent of its operations.
In the circumstances we
have insufficient basis on which to speak for unsecured credit and recommend
dealing on fully secured terms for all international transactions.
Remarks
On a direct call to the
registered agent, Volaw Trust and Corporate Services Ltd. They are unable to confirm any information on
the company due to confidentiality.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.81 |
|
UK Pound |
1 |
Rs.86.53 |
|
Euro |
1 |
Rs.68.58 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.