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Report Date : |
30.08.2013 |
IDENTIFICATION DETAILS
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Name : |
PHARO GLOBAL ADVISORS LIMITED |
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Registered Office : |
13 Castle Street JE4 5UT St Helier |
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Country : |
Jersey |
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Date of Incorporation : |
11.11.2004 |
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Com. Reg. No.: |
88905 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
The company is a holding company. The group appear to be involved with financial practices. |
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No. of Employees : |
1-9 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
JERSEY - ECONOMIC OVERVIEW
Jersey's economy is based on international financial services,
agriculture, and tourism. In 2010 the financial services sector accounted for
about 50% of the island's output. Potatoes, cauliflower, tomatoes, and
especially flowers are important export crops, shipped mostly to the UK. The
Jersey breed of dairy cattle is known worldwide and represents an important
export income earner. Milk products go to the UK and other EU countries.
Tourism accounts for one-quarter of GDP. In recent years, the government has
encouraged light industry to locate in Jersey with the result that an
electronics industry has developed, displacing more traditional industries. All
raw material and energy requirements are imported as well as a large share of
Jersey''s food needs. Light taxes and death duties make the island a popular tax
haven. In January 2013, Jersey signed a tax agreement with Guernsey and the
Isle of Man, in order to enable the islands'' authorities to end tax avoidance
and evasion. Living standards come close to those of the UK.
Source
: CIA
Pharo Global Advisors Limited
Operating address:
13 Castle Street
JE4 5UT St Helier
Jersey/JE
Established: 2004
Banks: HSBC Bank Plc
Employees: 1-9
The company is a holding company.
The group appear to be involved with
financial practices.
Operations & branches:
At the address, 13 Castle Street, St Helier,
Jersey, we find the company's registered agents office.
Company
No: 88905
Legal
form: Company limited by
shares
Registration: 11.11.2004
Legal
status: active
Responsible
Register: Company Registry of Jersey
Entry Deleted Name
active Pharo
Global Advisors Limited
Entry Deleted Address
active 13
Castle Street, JE4 5UT St Helier, Jersey/JE
Title Name
Member Mr G
Fonkenell
Pharo Management (UK) LLP is a related party
by virtue of the fact that Mr G Fonkenell is the managing partner and Pharo
Advisors UK Limited is a corporate member.
Pharo Management LLC, a company incorporated
in the United States of America, is a related party by virtue of the fact that
G Fonkenell is the majority shareholder in that company.
The Ultimate Controlling party is Mr G
Fonkenell.
Class: 100%
Name: Pharo Advisors UK
Limited
City/Country: United Kingdom/GB
Class: 100%
Name: Pharo Management (HK)
Limited
City/Country: Hong Kong/HK
No financial information is available.
No payment history is available.
Financial
Situation: The company is a
"domiciled" company where local presence is handled by a
representative. As far as can be ascertained the activities are conducted
abroad. No information is available on the financial situation and business
development.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.67.70 |
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1 |
Rs.105.14 |
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Euro |
1 |
Rs.90.03 |
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 |
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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.