MIRA INFORM REPORT
|
Report Date : |
25.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
YVONA CHEMICAL
TRADING CO LTD |
|
|
|
|
Registered Office : |
Rm 51, 5Fl Britannia House Jalan Cator, Bandar Seri Begawan,
Brunei-Muara BS8811 |
|
|
|
|
Country : |
Brunei |
|
|
|
|
Date of Incorporation : |
15.06.2010 |
|
|
|
|
Legal Form : |
Offshore Company - International Business Company ("IBC") |
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|
|
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Line of Business : |
Not Available |
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|
|
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No of Employees : |
Not Available |
RATING & COMMENTS
|
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 |
|
Status : |
Offshore Company |
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|
|
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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 – September 30, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Brunei |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
BRUNEI - ECONOMIC OVERVIEW
Brunei has a small well-to-do economy that depends on revenue from natural resource extraction but encompasses a mixture of foreign and domestic entrepreneurship, government regulation, welfare measures, and village tradition. Crude oil and natural gas production account for 60% of GDP and more than 90% of exports. Per capita GDP is among the highest in Asia, and substantial income from overseas investment supplements income from domestic production. For Bruneian citizens the government provides for all medical services and free education through the university level. The government of Brunei has been emphasizing through policy and resource investments it strong desire to diversity its economy both within the oil and gas sector and to new sectors.
|
Source
: CIA |
REGISTERED
NAME & COMPANY SUMMARY
Company Details
|
Organization Name |
: |
YVONA
CHEMICAL TRADING CO LTD |
|
Address |
: |
Rm
51, 5Fl Britannia House Jalan Cator, Bandar Seri Begawan, Brunei-Muara BS8811 |
|
Country |
: |
Brunei |
|
Phone
(S) |
: |
[+673]-2222177 |
|
Facsimile |
: |
[+673]-2222179 |
|
Primary
Business Activity |
: |
Service |
|
Key
Industry |
: |
Not
Applicable - Tax Haven Entity |
DIRECTORS/MANAGEMENT
|
COMPANY DIRECTORS |
|
Not available - According to the corporate statutory laws for
this type of Legal Form - Category (Offshore Company - International Business
Company ("IBC")) in Brunei, there is no public disclosure of
Directors. |
NEGATIVE
INFORMATION
|
REPUTATION |
|
Due to the fact that the YVONA CHEMICAL TRADING CO LTD:
Therefore it has not been possible to ascertain the reputation of the
YVONA CHEMICAL TRADING CO LTD. |
|
NEGA-SCAN - ADVERSE DATA MONITORING |
|
SHARE
& SHARE CAPITAL INFORMATION
|
Capital |
: |
n/a(1) |
|
SHAREHOLDERS |
|
Not available - According to the corporate statutory laws for this
type of Legal Form - Category (Offshore Company - International Business
Company ("IBC")) in Brunei, there is no public disclosure of
Shareholders. |
PAYMENT
INFORMATION
N/a
GROUP
STRUCTURE & AFFILIATED COMPANIES
N/a
FINANCIAL
INFORMATION
|
FINANCIAL STATEMENT - DETAILED |
|
Based on the corporate laws of Brunei, legal entities
which are Offshore Company - International Business Company ("IBC")
are not required to make public disclosure of their annual financials.
Therefore no financials are available for this entity. |
FOREIGN
EXCHANGE RATES
N/a
ADDITIONAL
INFORMATION
|
Key Facts |
||
|
Registered Legal
Address |
: |
Rm
51, 5Fl Britannia House Jalan Cator, Bandar Seri Begawan, Brunei-Muara BS8811 |
|
Operational
Address |
: |
Rm
51, 5Fl Britannia House Jalan Cator, Bandar Seri Begawan, Brunei-Muara BS8811 |
|
Issuing
Authority |
: |
Registrar
of International Business Companies - National |
|
License
Number |
: |
NBD/13294 |
|
License
Status |
: |
License
exists - But is a "shelf-company" used for tax purposes only. |
|
Legal
Form - Category |
: |
Offshore
Company - International Business Company ("IBC") |
|
Legal
Form |
: |
Company
Limited |
|
Legal
Form - Abbreviation |
: |
CO
LTD |
|
Operational
Status of Business |
: |
Corporate Secretarial Services office ONLY The Subject Business Entity (SBE) does NOT maintain an operational office at the address listed above. The office located at the address above (including telephone and fax numbers) is operated and managed by a firm specializing in Corporate Secretarial services. Based on telephone discussions with the management of the Corporate Secretarial firm, it manages the annual legal corporate license renewals and related matters on behalf of the SBE. There
is no known operational office for the Subject Business Entity in the country
listed above.
|
|
Date
of Registration |
: |
15
Jun, 2010 |
|
Report Details |
||
|
Country |
: |
Brunei |
|
Business Entity Name |
: |
YVONA CHEMICAL TRADING CO LTD |
|
Primary Business Activity |
: |
Service |
|
Primary Industry |
: |
Not Applicable - Tax Haven Entity |
|
Office Contact Details |
||
|
Operating Address |
: |
Rm 51, 5Fl Britannia House Jalan Cator, Bandar Seri Begawan,
Brunei-Muara BS8811 |
|
Tel |
: |
[+673]-2222177 |
|
Fax |
: |
[+673]-2222179 |
NOTES
& COMMENTS
|
Note |
: |
(1)
Not applicable. According to the corporate statutory laws for this type of Legal
Form - Category(Offshore Company - International Business Company
("IBC")) in Brunei, there is no requirement for Authorized Capital. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.06 |
|
|
1 |
Rs. 102.76 |
|
Euro |
1 |
Rs. 84.48 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
DPT |
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.