MIRA INFORM REPORT

Report Date :

25.07.2013

IDENTIFICATION DETAILS

Name :	CORMORANT COMMERCIAL ENTERPRISES LIMITED

Registered Office :	Kissack Court, 29 Parliament Street Ramsey IM8 1AT

Country :	Isle of Man

Date of Incorporation :	16.07.1998

Com. Reg. No.:	092163C

Legal Form :	Private Company Limited by Shares

Line of Business :	Trading in food and drink packaging (registered activity)

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

Status :	Poor

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.

ISLE OF MAN - ECONOMIC OVERVIEW

Offshore banking, manufacturing, and tourism are key sectors of the economy. The government offers low taxes and other incentives to high-technology companies and financial institutions to locate on the island; this has paid off in expanding employment opportunities in high-income industries. As a result, agriculture and fishing, once the mainstays of the economy, have declined in their contributions to GDP. The Isle of Man also attracts online gambling sites and the film industry. Trade is mostly with the UK. In January 2013, the Isle of Man signed a tax agreement with Guernsey and Jersey, in order to enable the islands' authorities to end tax avoidance and evasion. The Isle of Man enjoys free access to EU markets.

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

IDENTIFICATION
Given
Subject Name:	CORMORANT COMMERCIAL ENTERPRISE
Address:	Kissack Court, 2a Parliament Street
Town:	Ramsey
Country:	Isle of Man
Verified
Subject Name:	CORMORANT COMMERCIAL ENTERPRISES LIMITED
Address:	Kissack Court, 29 Parliament Street
Town:	Ramsey
Zip/postal code:	IM8 1AT
Country:	Isle of Man
Telephone:	N/A
Fax:	N/A
Remarks:	We were unable to contact the Subject in the course of our investigation. In the registration file of the Subject there is no contact data. The Subject is not registered as a phone/fax user locally.

EXECUTIVE SUMMARY

Date registered:	16-07-1998
Legal form:	Private Company Limited by Shares
Authorised Capital:	GBP 2,000
Main activities:	Trading in food and drink packaging (registered activity)
Employees:	Undetermined

REGISTRY DATA

Key Facts
Date registered:	16-07-1998
Legal form:	Private Company Limited by Shares
Registration no:	092163C
Registry auth.	Isle of Man Companies Registry
Registry status:	Live/Active

Analysis

Organisational structure is undetermined

Management experience is undetermined

No detrimental found

Financial performance is undetermined

Operational trend is undetermined

Payment punctuality is undetermined

Interpretation

Insufficient data available to make any meaningful assessment of financial or operational condition. We were unable to contact the Subject. Advisable to conduct further due diligence before making any credit or business decisions.

DIRECTORS/MANAGEMENT

MANAGEMENT & STAFF
Key Managers
Name:	Nora Ernandes
Job Title:	Director
Name:	Serkhio Ernandes
Job Title:	Engineer
Staff
No of employees	Undetermined
BOARD OF DIRECTORS / OTHER APPOINTMENTS
Appointments
Name:	Nora Ernandes
Board function:	Director
Address:	ul. Marshala Biriuzova 4, K. 1,29 123298 Moscow Russian Federation
Name:	Serkhio Ernandes
Board function:	Director
Address:	ul. Marshala Biriuzova 4, K. 1,29 123298 Moscow Russian Federation
Name:	OCRA (ISLE OF MAN) LIMITED
Board function:	Registered Agent
Address:	Grosvenor Court, Tower Street Ramsey IM8 1 JA Isle of Man
Name:	LAXEY CORPORATE SECRETARIES LIMITED
Board function:	Company Secretary
Address:	Kissack Court, 29 Parliament Street Ramsey IM8 1AT Isle of Man
Name:	FIRST SECRETARIES LIMITED
Board function:	Assistant Secretary
Address:	PO Box 362 Road Town, Tortola British Virgin Islands

NEGATIVE INFORMATION

LEGAL FILINGS
Bankruptcy Filings:	None
Court Judgements:	None
Tax Liens:	None
Other:	None

SHARE & SHARE CAPITAL INFORMATION

SHARE CAPITAL
Composition
Authorised:	GBP 2,000
Number/type:	2,000 shares
Share value:	GBP 1
Issued:	4 shares
Paid-up:	GBP 4
Shareholders/Owners
How Listed	Full List
Composition
Name:	FIRST NOMINEES LIMITED
No. of shares:	4 shares
% of shares:	100%
Address:	Omar Hodge Building Wickhams Cay 1 PO Box 362 Road Town, Tortola British Virgin Islands

PAYMENT INFORMATION

PAYMENTS
Debt Collections / Judgements	No negative information was found.
Payment Experience
Payment Behaviour:	As trade references were not supplied, the Subject's payment track record history CANNOT BE ACCURATELY DETERMINED.

GROUP STRUCTURE & AFFILIATED COMPANIES

FINANCIAL INFORMATION

FINANCIAL ACCOUNTS
Description
Required to file:	No
Source:	N/A
Comments	The Subject's financial statements were not available in the course of our investigation and we were unable to contact the Company for any information.

FOREIGN EXCHANGE RATES

ADDITIONAL INFORMATION

OPERATIONS & HISTORY
Activities
Full description:	The Subject's registered activity is trading in food and drink packaging. We were unable to contact the Company for details of actual operations.
PROPERTY & ASSETS
Premises	The Subject's registered office is located at the heading address. No further details of the Company's facilities were available.

NOTES & COMMENTS

INVESTIGATIVE NOTES
Sources:	Official and local business sources

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.59.44
UK Pound	1	Rs.91.24
Euro	1	Rs.78.43

INFORMATION DETAILS

Report Prepared by :

SDA

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.