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Report Date : |
06.02.2013 |
IDENTIFICATION DETAILS
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Name : |
World Class Products INTERNATIONAL NV |
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Registered Office : |
Landhuis Groot Kwartier Groot Kwartierweg 12 |
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Country : |
Cuarcao |
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Date of Incorporation : |
02.09.1994 |
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Com. Reg. No.: |
67849 (0) |
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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 : |
0 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Offshore Company |
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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.
CURACAO - ECONOMIC OVERVIEW
Tourism, petroleum refining, and offshore finance are the mainstays of this small economy, which is closely tied to the outside world. Although GDP grew slightly during the past decade, the island enjoys a high per capita income and a well-developed infrastructure compared with other countries in the region. Curacao has an excellent natural harbor that can accommodate large oil tankers. The Venezuelan state oil company leases the single refinery on the island from the government; most of the oil for the refinery is imported from Venezuela; most of the refined products are exported to the US. Almost all consumer and capital goods are imported, with the US, Brazil, Italy, and Mexico being the major suppliers. The government is attempting to diversify its industry and trade and has signed an Association Agreement with the EU to expand business there. Poor soils and inadequate water supplies hamper the development of agriculture. Budgetary problems complicate reform of the health and pension systems for an aging population.
Source : CIA
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IDENTIFICATION |
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Ordered as: |
WCPI (WORLD
CLASS PRODUCTS INTERNATIONAL) |
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Address in
the order: |
GROOT
KWARTIERWEG12, CURCAO |
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Legal Name: |
World Class
Products International NV |
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Legal
Address |
Landhuis
Groot Kwartier Groot Kwartierweg 12, Curacao (Registered Agent) |
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Telephone: |
(599-9)
747-1401 (Registered Agent) |
Registration
Number : |
67849 (0) |
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Fax: |
(599-9)
747-1402 (Registered Agent) |
Legal Form: |
International
Business Company |
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Email: |
N.A. |
Registered
in: |
Curacao |
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Website: |
N.A. |
Date
Created: |
September 2,
1994 |
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Manager: |
N.A. |
Date
Incorporated: |
September 2,
1994 |
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Staff: |
0 |
Stock: |
15000
share(s) with a nominal value of Euro 0.46 / 60000 share(s) without nominal
value |
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Value: |
EUR
32,608.70 |
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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 declined to give any information on the subject, who is protected by the law of non-disclosure. However, the following information was listed in the registry of Curacao: Willem Adriaan Blijdorp, Function: Statutory director Title description: Managing Director B Date of birth: October 19, 1952 Place of birth: Noordoostelijke Polder Country of birth: The Netherlands Nationality: Dutch |
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Legal
Filings |
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The sources consulted record no detrimental
legal or labor court information. |
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Capital: |
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Nominal Capital:
15000 share(s) with a nominal value of Euro 0.46 and 60000 share(s) without
nominal value. Shares: There are
different kinds of shares. Fiscal year: The fiscal
year is equal to the calendar year. |
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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 25
days basis - monitored over the last 12 months |
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Profitability |
GOOD |
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Indebtedness |
NIL |
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Cash |
GOOD |
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Related
Companies: |
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Despite our
long searches we were unable to find through outside sources any link about
the company World Class Products International N.V. |
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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 |
755,000 |
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Net
Income |
755,000 |
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Net
worth |
4,000,000 |
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Bank
liabilities |
0 |
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The
cash flow is |
good |
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Comments on the financial data: The company being an offshore, it was not possible to verify the financial figures with the registered agent.
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Profitability |
GOOD |
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Indebtedness |
NIL |
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Cash |
GOOD |
NA
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BANKS |
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Name of the
Bank |
Caribe Bank |
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Account
Number |
Confidential |
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Comments |
This
information was not verified by the registered agent. |
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BUSINESS |
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HISTORY |
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The company was established and incorporated on September
2, 1994. The last
amendment of the company was on November 10, 2009. |
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PRINCIPAL
ACTIVITY |
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WORLD CLASS PRODUCTS INTERNATIONAL NV is an International
Business Company / Offshore Company incorporated in Curacao for tax purposes. However the company does not carry any operation in Curacao. It is not registered with the Curacao Chamber of Commerce as being a local business. It is not listed with the Curacao 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 Curacao. It
uses the registered agent staff. |
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LOCATION |
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Headquarters |
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The address mentioned above is that of the registered
agent: Trustmoore (Curacao) N.V. Landhuis Groot Kwartier, Groot Kwartierweg 12 P.O. Box 420, Willemstad, Curacao Tel: +5999 747 1401 Fax: +5999 747 1402 Email:
george.bergmann@trustmoore.com |
NA
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.29 |
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1 |
Rs.83.97 |
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Euro |
1 |
Rs.71.88 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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.