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Report Date : |
18.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
CAPELANT INTERNATIONAL CORPORATION |
|
|
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Registered Office : |
Crystal
Offices Oliaji Trade Centre,Victoria, Mahé, P. o. Box 101, Victoria, Mahé |
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Country : |
Seychelles |
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Date of Incorporation : |
2011 |
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Legal Form : |
International Business
Company (IBC) |
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Line of Business : |
Consultancy firm |
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No. of Employees |
2 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
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 – March 31st, 2014
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Seychelles |
C1 |
C1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
SEYCHELLES ECONOMIC OVERVIEW
Since independence in 1976, per capita output in this Indian
Ocean archipelago has expanded to roughly seven times the pre-independence, near-subsistence
level, moving the island into the upper-middle-income group of countries.
Growth has been led by the tourist sector, which employs about 30% of the labor
force and provides more than 70% of hard currency earnings, and by tuna
fishing. In recent years, the government has encouraged foreign investment to
upgrade hotels and other services. At the same time, the government has moved
to reduce the dependence on tourism by promoting the development of farming,
fishing, and small-scale manufacturing. In 2008, having depleted its foreign
exchange reserves, Seychelles defaulted on interest payments due on a $230
million Eurobond, requested assistance from the International Monetary Fund
(IMF), and immediately enacted a number of significant structural reforms,
including liberalization of the exchange rate, reform of the public sector to
include layoffs, and the selling of some state assets. In December 2013, the
IMF declared that Seychelles had successfully transitioned to a market-based
economy with full employment and a fiscal surplus.
|
Source
: CIA |
|
Registered Name: |
CAPELANT
INTERNATIONAL CORPORATION |
|
Requested Name: |
CAPELANT INTERNATIONAL CORPORATION |
|
Other Names: |
None |
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Physical Address: |
Crystal
Offices Oliaji Trade Centre,Victoria, Mahé, |
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Postal Address: |
P.
o. Box 101, |
|
|
Victoria,
Mahé, |
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Country: |
Seychelles |
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Phone: |
248-4224109 |
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Fax: |
248-4225977 |
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Email: |
Juilette@crwwgroup.net |
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Website: |
www.crwwgroup.net |
|
Legal Form: |
International Business
Company (IBC) |
|
|
Date Incorporated: |
2011 |
|
|
Reg. Number: |
Seychelles |
|
|
Nominal Capital |
SCR. 30,000 |
|
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Subscribed Capital |
SCR. 30,000 |
|
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Subscribed Capital is Subscribed in the following form: |
||
|
|
Position |
Shares |
|
Undisclosed |
Directors |
|
|
Crystal (Seychelles) Limited |
Trustee/Agent |
|
|
None |
Parent company. |
|
None |
Subsidiary company. |
|
None |
Affiliated company. |
|
None |
Shareholder of subject
firm. |
|
None |
Branches of the firm |
|
Consultancy firm |
|
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Imports: |
None Stated |
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Exports: |
None Stated |
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Trademarks: |
None |
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Terms of sale: |
Undisclosed |
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|
|
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Main Customers: |
Undisclosed |
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Employees: |
2 employees. |
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Vehicles: |
Undisclosed |
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Territory of sales: |
Seychelles |
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Location: |
Undisclosed |
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Auditors: |
Information not
available. |
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Insurance Brokers: |
Information not
available. |
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Currency Reported: |
Seychelles Rupee (SCR.) |
|
Approx. Ex. Rate: |
1 US Dollar = 12.28
Seychelles Rupee |
|
Fiscal Year End: |
December 31, 2013 |
|
Inflation: |
According to information given by independent sources, the inflation
at December 31st, 2013 was of 13%. |
|
|
|
|
Financial Information
Submitted |
SCR. |
|
|
Undisclosed |
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Bank Name: |
Seychelles
Savings Bank |
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Branch: |
Seychelles |
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Comments: |
None |
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Experiences: |
Good |
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|
|
|
NOTARIAL BONDS |
None |
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This information was
obtained from outside sources other than the subject company itself. This Company is an International Business Company (IBC), which is
registered in Seychelles; It is difficult to investigate such a Company due
to the Seychelles regulations protecting the non disclosure of the name of
the shareholders. According to Seychelles business regulation, an International Business
Company, is under no obligation to state its directors, officers and
shareholders, also it’s under no obligation to file annual returns, prepare
or submit company accounts to any authority. The company is incorporated with an agent who is also the legal
officer who represents the company. It is difficult to investigate due to the Seychelles regulations
protecting the non disclosure of the name of the shareholders. We are reporting an offshore company which belongs to foreign
shareholders. Although it is registered in the Seychelles Islands, 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. Our sources were able to
know that the shareholders of company are businesses from Russia. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.38 |
|
UK Pound |
1 |
Rs.101.63 |
|
Euro |
1 |
Rs.83.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.