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Report Date : |
02.03.2013 |
IDENTIFICATION DETAILS
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Name : |
TSELENA NUTRA SCIENCES LIMITED - |
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Registered Office : |
8 Olympou, Akaki, 2720, Nicosia
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Country : |
Cyprus |
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Date of Incorporation : |
28.04.2011 |
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Com. Reg. No.: |
C285866 |
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Legal Form : |
Limited Company |
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Line of Business : |
Real estate activities |
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No. of Employees : |
Not available |
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 : |
Unknown |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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Cyprus |
B1 |
B1 |
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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 |
CypRus - ECONOMIC OVERVIEW
The area of the Republic of Cyprus under government control has a market
economy dominated by the service sector, which accounts for four-fifths of GDP.
Tourism, financial services, and real estate are the most important sectors.
Erratic growth rates over the past decade reflect the economy's reliance on
tourism, the profitability of which often fluctuates with political instability
in the region and economic conditions in Western Europe. Nevertheless, the
economy in the area under government control has grown at a rate well above the
EU average since 2000. Cyprus joined the European Exchange Rate Mechanism
(ERM2) in May 2005 and adopted the euro as its national currency on 1 January
2008. An aggressive austerity program in the preceding years, aimed at paving
the way for the euro, helped turn a soaring fiscal deficit (6.3% in 2003) into
a surplus of 1.2% in 2008, and reduced inflation to 4.7%. This prosperity came
under pressure in 2009, as construction and tourism slowed in the face of
reduced foreign demand triggered by the ongoing global financial crisis.
Although Cyprus lagged behind its EU peers in showing signs of stress from the
global crisis, the economy tipped into recession in 2009, contracting by 1.7%,
and has been slow to bounce back since, posting an anemic growth rate of 1.0%
in 2010. A massive munitions blast in July 2011 at a Cypriot naval base
triggered country-wide energy outages, a collapse of the governing coalition,
and a cabinet shuffle intensifying Cyprus's economic problems. The economy
experienced no economic growth in 2011. Serious Cypriot financial sector
problems surfaced in early 2011 as the Greek fiscal crisis and euro zone debt
crisis deepened. Two of Cyprus's biggest banks are among the largest holders of
Greek bonds in Europe and have a substantial presence in Greece through bank
branches and subsidiaries. A liquidity squeeze is choking the financial sector
and the real economy as many global investors doubt the Cypriot economy can
weather the EU crisis. Cyprus's borrowing costs have risen steadily because of
its exposure to Greek debt. The budget deficit is on the rise and reached 7.4%
of GDP in 2011, a violation of the EU's budget deficit criteria - no more than
3% of GDP. In response to the country's deteriorating finances and serious risk
of contagion from the Greek debt crisis, Nicosia is promising to implement
measures to cut the cost of the state payroll, curb tax evasion, and revamp
social benefits. However, it has been slow to act, lacking a consensus in
parliament and among the social partners for its proposed measures.
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Source : CIA |
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Authorized Capital |
2,000.00 |
EUR |
Issued Capital |
2,000.00 |
EUR |
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Nominal No Of Shares |
2,000.00 |
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Issued No Of Shares |
2,000.00 |
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Nominal value |
1.00 |
EUR |
Paid Up |
2,000.00 |
EUR |
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Secretary |
Position |
Acts As |
ID |
Occupation |
Age |
Appointed |
Other dir. |
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SARRI CHRISTINA |
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Company Secretary |
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782678(ID) |
Lawyer |
37 |
28/04/2011 |
Yes |
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36 Vyronos, Nicosia Tower Center,
8th Floor, Nicosia, 1096, Cyprus |
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Shareholders |
ID / Reg. No. |
Acts As |
Nationality |
Shares |
% |
Shares Breakdown |
Class |
Type |
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FARBELLE INTERNATIONAL INC |
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2000 |
100 |
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Federico Boyd Avenue, Torre
Universal Bldg., 12th Floor, Panama |
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Premises |
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Type |
Headquarters |
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Address: |
36 Vyronos Avenue, Nicosia
Tower Center, 8th Floor, Nicosia, 1096, Cyprus |
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Headquarters operate as: |
Correspondence office |
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Affiliates and Subsidiaries |
Relation |
Year Reg. |
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FARBELLE INTERNATIONAL INC |
Parent Company |
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Federico Boyd Avenue, Torre
Universal Bldg, 1rth, P.O.Box: 0816-02033, Panama |
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Charges
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No |
Date registered |
Date prepared |
Type |
Description/No |
Amount |
Sequence |
Beneficiary |
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0 |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
No charges found |
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No negative data |
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.82 |
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UK Pound |
1 |
Rs.82.72 |
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Euro |
1 |
Rs.71.27 |
INFORMATION DETAILS
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Report Prepared
by : |
MNL |
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 |
---- |
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.