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Report Date : |
03.05.2012 |
IDENTIFICATION DETAILS
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Name : |
H&B PAPEL INDUSTRY LIMITED |
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Registered Office : |
Trust Company Complex, |
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Country : |
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Date of Incorporation : |
28.12.2009 |
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Com. Reg. No.: |
38743 |
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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 : |
Not Available |
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RATING & COMMENTS
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MIRAs Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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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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 |
IDENTIFICATION
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Legal Name: |
H&B PAPEL INDUSTRY LIMITED |
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Legal Address |
Trust Company Complex, |
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Telephone: |
N.A. |
Registration Number : |
38743 |
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Fax: |
N.A. |
Legal Form: |
International Business Company |
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Email: |
N.A. |
Registered in: |
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Website: |
N.A. |
Date Created: |
December 28, 2009 |
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Manager: |
N.A. |
Date Incorporated: |
December 28, 2009 |
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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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Management: |
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It is locally managed by the registered agent mentioned above. The agent refused to provide any information on the company which is
protected by the laws of non disclosure. |
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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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Shareholders Parent Company(ies): |
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The company is owned by foreign shareholders. |
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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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Public |
NO |
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Payments |
REGULAR |
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Indebtedness |
NIL |
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Related Companies: |
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The subject would be related to: H&B PAPEL INDUSTRY LTD NINGBO-CALLAO However, the subject being an offshore, the link could not be
verified. |
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Financials - COMMERCIAL TRENDS AND
FORECAST |
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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 |
10,500,000 |
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Net Income |
10,500,000 |
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Net worth |
55,000,000 |
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Bank liabilities |
0 |
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The cash flow is |
normal |
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Profitability |
GOOD |
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Cash |
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Na
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BANKS |
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Name of the Bank |
China Merchants Bank |
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BUSINESS |
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PRINCIPAL ACTIVITY |
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At the address requested is located the office of The Trust Company of
the From an interview with Tanya Lawson of The Trust Company of the In accordance with the records of the Trust Company of the Marshall
Islands, Inc., The Republic of the Marshall Islands Registrar of
Corporations, the above Corporation filed Articles of Incorporation on
December 28, 2009 and remains an existing Corporation. The registered address of the Corporation in the corporation's registered agent at such address is The Trust Company of
the Marshall Islands, Inc. Pursuant to the Marshall Islands Business Corporations Act, H&B PAPEL INDUSTRY LIMITED is an International Business Company /
Offshore Company incorporated in The Marshall Islands for tax purposes. However the company does not carry any operation in The Marshall
Islands. It is not registered with The Marshall Islands Chamber of Commerce as
being an active business. It is not listed with The Marshall Islands 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 Marshall Islands. It
uses the registered agent staff. |
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Business Overview: |
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Business Licenses: For a foreign investor to do business in the Marshall Islands as an
individual, a partnership, a joint venture, or a corporation (domestic or
foreign), the investor must first obtain a Foreign Investment Business
License. Application forms for a Foreign Investment Business License may be
obtained from the Registrar of Foreign Investment in the Office of the
Attorney General. Applications are then reviewed by the sectoral Ministries and
Agencies. The process of review and approval normally takes no longer than four
to six weeks (often less). The National Government does not require foreign investors to obtain
any other licenses, unless they are involved in regulated activities (e.g.,
the practice of law, the practice of medicine, banking, fishing, fishing base
operation, etc.). If a business entity has a Foreign Investment Business License, it
need not obtain a business license from the local government in whose
jurisdiction it operates for a period of one year from the date of issuance
of the foreign investment license. Foreign Corporations: If an investor chooses to do business in the |
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Listed at the stock exchange: |
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NO |
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Local credit bureau did not rate this company. The company is in Good Standing. This means that all local and federal
taxes were paid on due date. |
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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 Marshall Islands, 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. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.93 |
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1 |
Rs.85.85 |
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Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
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Report Prepared
by : |
PRL |
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 |
This score serves as a reference to assess SCs 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.