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Report Date : |
09.10.2013 |
IDENTIFICATION DETAILS
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Name : |
MARBIRD MARITIME INC |
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Registered Office : |
PO Box 556 Mainstreet Charlestown |
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Country : |
Nevis |
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Financials (as on) : |
2012 |
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Year of Incorporation : |
2007 |
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Legal Form : |
International Business Company |
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Line of Business : |
Not Available |
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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.
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Ordered as: |
Marbird Maritime Inc |
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Address in the order: |
PO Box 556 Mainstreet Charlestown Nevis |
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Legal Name: |
Marbird Maritime Inc |
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Legal Address |
Hunkins Plaza, P.O. Box 556, Main Street Charlestown St. Kitts and Nevis (Registered Agents Address) |
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Country |
St. Kitts and Nevis |
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Telephone: |
(869) 469-1817 / 1333 (Registered Agents Number) |
Registration Number : |
N.A. |
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Fax: |
(869) 469-1794 / 0968 (Registered Agents Fax) |
Legal Form: |
International Business Company |
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Email: |
N.A. |
Registered in: |
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Website: |
N.A. |
Date Created: |
2007 |
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Manager: |
N.A. |
Date Incorporated: |
2007 |
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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 agents mentioned above. The agents declined to give any information on the subject, who is protected by the law 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 - Manager - Related Companies |
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Listed at the stock exchange: |
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NO |
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PAYMENTS
made on a 30 days basis - monitored over the last 12 months
Shareholders Parent Company(ies):
The company is owned by foreign shareholders.
Related Companies: Through outside sources we could learn that the subject would be related to:
MONICA SOFIA
Bulk Carrier
Built in 1978 by Astilleros Españoles SA, Olaveaga, Bilbao (Spain)
IMO: 7634018
Flag: St.Kitts / Nevis
Length: 182.60 m
Beam: 22.30 m
DWT: 26,972 t
Gross: 15 581 t
Manager: Ibaizabal Management Services ( Spain)
Owner: Marbird Maritime Inc. (UK)
However, the subject being an offshore company, 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 |
2012 |
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Turnover |
0 |
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Operating Income |
18 480 000 |
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Net Income |
18 480 000 |
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Net worth |
104 850 000 |
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Bank liabilities |
0 |
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The cash flow is |
Good |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
0 |
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Operating Income |
16 200 000 |
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Net Income |
16 200 000 |
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Net worth |
72 000 000 |
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Bank liabilities |
0 |
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The cash flow is |
good |
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Currency |
DATE |
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USD |
2009 |
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Turnover |
0 |
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Operating Income |
15 500 000 |
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Net Income |
15 500 000 |
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Net worth |
65 000 000 |
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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: Despite our long searches and the contact with the company we could not get financial information for 2012 or 2013. |
Na
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Commonwealth Realm - Parliamentary system
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Currency: 100 XCD = 37.03 USD |
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BANKS |
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Name of the Bank |
HSBC |
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Location |
St. Kitts and Nevis |
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Comments |
This information could not be verified with the subject company. |
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BUSINESS PRINCIPAL
ACTIVITY |
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MARBIRD MARITIME INC is an International Business Company / Offshore Company incorporated in St. Kitts and Nevis for tax purposes. However the company does not carry any operation in St. Kitts and Nevis. It is not registered with the St. Kitts and Nevis Chamber of Commerce as being an active business. It is not listed with the St. Kitts and Nevis yellow pages. It is not listed with the major local credit bureaus |
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Trade References: |
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 St. Kitts and Nevis. It uses the registered agent staff. |
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Comments on location: |
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The address provided by the client is that of the registered agents: Morning Star Holdings Limited / Meridian Trust Company Limited Hunkins Plaza, P.O. Box 556, Main Street Charlestown St. Kitts and Nevis Tel: 1(869) 469-1817 / 1333 Fax: 1(869) 469-1794 / 0968 Email: mornings@caribsurf.com / info@meridiantrustnevis.com |
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Rating |
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Local credit bureau gave a normal credit rate. The company is in Good Standing. This means that all local and federal taxes were paid on due date. |
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SUMMARY |
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Profitability |
GOOD |
Public |
NO |
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Indebtedness |
NIL |
Payments |
REGULAR |
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Cash |
GOOD |
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ADVISED CREDIT |
Rating |
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1 000 000 USD |
13/20 |
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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 St. Kitts and Nevis, 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. A credit line may be considered for USD 1,000,000.00 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.69 |
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1 |
Rs.99.20 |
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Euro |
1 |
Rs.83.69 |
INFORMATION DETAILS
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Report
Prepared by : |
NIS |
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.