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Report Date : |
18.04.2014 |
IDENTIFICATION DETAILS
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Name : |
KITE TRADING AND CO LIMITED |
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Registered Office : |
Suite 2, Portland
House, Glacis Road |
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Country : |
Gibraltar |
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Date of Incorporation : |
27.04.2005 |
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Com. Reg. No.: |
94595 |
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Legal Form : |
Private Company
Limited By Shares |
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Line of Business : |
The Subject's line of business could not be
determined in the course of our investigation. |
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No of Employees : |
Undetermined |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Maximum Credit Limit : |
-- |
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Status : |
Struck off |
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Payment Behaviour : |
Unknown |
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Litigation : |
-- |
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 – September 30, 2013
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Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
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Gibraltar |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
GIBRALTAR - ECONOMIC OVERVIEW
Self-sufficient Gibraltar benefits from an extensive shipping trade, offshore banking, and its position as an international conference center. Tax rates are low to attract foreign investment. The British military presence has been sharply reduced and now contributes about 7% to the local economy, compared with 60% in 1984. The financial sector, tourism (over 11 million visitors in 2012), gaming revenues, shipping services fees, and duties on consumer goods also generate revenue. The financial sector, tourism, and the shipping sector contribute 30%, 30%, and 25%, respectively, of GDP. Telecommunications, e-commerce, and e-gaming account for the remaining 15%. In recent years, Gibraltar has seen major structural change from a public to a private sector economy, but changes in government spending still have a major impact on the level of employment.
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Source
: CIA |
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Subject
name: |
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Country: |
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Subject
name: |
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Address: |
Glacis Road |
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Country: |
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Telephone: |
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Fax: |
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EXECUTIVE SUMMARY |
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Date registered: |
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Legal form: |
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Main activities: |
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Employees: |
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REGISTRY
DATA |
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Key Facts |
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Date
registered: |
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Legal
form: |
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Registration
no: |
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Registry
auth. |
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Registry
status: |
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Current Credit Limit: No credit limit recommended
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Analysis |
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MANAGEMENT
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BOARD OF DIRECTORS / OTHER APPOINTMENTS
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2391 Prevalje Slovenia |
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Name: |
FIDELITY
CORPORATE SERVICES LIMITED |
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Board
function: |
Company
Secretary |
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Date
appointed: |
27-04-2005 |
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Address: |
Suite 2,
Portland House, Glacis Road Gibraltar |
LEGAL FILINGS
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Bankruptcy
filings: |
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Court
judgements: |
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Tax
liens: |
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Other: |
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SHARE CAPITAL
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Composition |
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Authorised: |
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Number/type: |
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Share value: |
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Issued: |
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Paid-up: |
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Shareholders/Owners
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2391 Prevalje Slovenia |
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PAYMENTS
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Payment Experience |
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As
trade references were not supplied, the Subject's payment track record
history CANNOT BE ACCURATELY DETERMINED. |
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CORPORATE AFFILIATIONS
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Comments |
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FINANCIAL ACCOUNTS |
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Required
to file: |
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Source: |
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Comments |
The
Subject's financial statements were not available in the course of our
investigation. |
N/a
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Staff |
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No of
employees |
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OPERATIONS & HISTORY
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Full
description: |
The Subject's
line of business could not be determined in the course of our investigation. The Company was struck off by the Registrar on
30-05-2011. |
PROPERTY & ASSETS
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The
Subject's registered office was located at the heading address. |
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INVESTIGATIVE
NOTES
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Sources: |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 60.38 |
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1 |
Rs. 101.63 |
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Euro |
1 |
Rs. 83.57 |
INFORMATION DETAILS
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Analysis Done by
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SUB |
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Report Prepared
by : |
DPT |
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.