MIRA INFORM REPORT

Report Date :

19.08.2014

IDENTIFICATION DETAILS

Name :	BOUNTY SHIPPING LTD

Registered Office :	Hunkins Plaza, Main Street, Charlestown

Country :	Nevis

Date of Incorporation :	2005

Legal Form :	International Business Company

Line of Business :	Offshore Company

No of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

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
Payment Behaviour :	Unknown
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.

REGISTERED NAME & COMPANY SUMMARY

IDENTIFICATION
Ordered as:	BOUNTY SHIPPING LTD
Address in the order:	PO Box 556 Charlestown
Legal Name:	BOUNTY SHIPPING LTD
Legal Address	Hunkins Plaza, Main Street, (Registered Agent)
Postal Town	Charlestown
Post Code	N.A.
Primary Geographic Area	N.A.
Country	KN
Location Status	Legal Address,
Mailing Address	P.O. Box 556, Charlestown, St. Kitts and Nevis (Registered Agent)
Telephone:	(869) 469-1817 (Registered Agent)	Registration Number :	N.A.
Fax:	(869) 469-1794 (Registered Agent)	Legal Form:	International Business Company
Email:	N.A.	Registered in:	KN
Website:	N.A.	Date Created:	2005
MANAGERS:	N.A.	Date Incorporated:	N.A.
Staff:	0	Stock:	N.A.
		Value:	N.A.
Activity:	Offshore company

DIRECTORS/MANAGEMENT

MANAGEMENT:

It is locally managed by the registered agent mentioned above.

The agent declined to give any information on the subject, who is protected by the law of non-disclosure.

NEGATIVE INFORMATION

No negative information found.

SHARE & SHARE CAPITAL INFORMATION

Shareholders – MANAGERS - RELATED COMPANIES

Shareholders Parent Company(ies):A

The company is owned by foreign shareholders.

The agent declined to give any information on the subject, who is protected by the law of non-disclosure.

PAYMENT INFORMATION

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 subjects payment performance and general reputation regarding commitments contracted as same it is UNKNOWN as making use of credit facilities.

PAYMENTS
	made on a 20 days basis - monitored over the last 12 months

GROUP STRUCTURE & AFFILIATED COMPANIES

RELATED COMPANIES:

Through outside sources we could learn that the subject would be related to:

Bounty Shipping Ltd

Activity: Ship Owner, Manager, Operator

Address: co Mideast Shipping & Trading

5G 39A, Hamriyah Free Zone

Sharjah United Arab Emirates

Phone: +971 6 526 3644

Fax: +971 6 526 3645

However, the subject being an offshore company, the link could not be verified.

FINANCIAL INFORMATION

FINANCIALS - COMMERCIAL TRENDS AND FORECAST

As a private company the subject does not publish any financial statements.

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.

Currency	DATE
USD	2011
Turnover	0
Operating Income	1 350 000
Net Income	1 350 000
Net worth	6 000 000
Bank liabilities	0
The cash flow is	good

Comments on the financial data: The company being an offshore, it was not possible to verify the financial figures with the registered agent.

As of today, no updated financial data are available for this company for the year 2013.

FOREIGN EXCHANGE RATES

N/a

ADDITIONAL INFORMATION

GEOPOLITICS - SAINT KITTS AND NEVIS

POLITICAL DATA

ECONOMIC DATA

Form of Government: Commonwealth Realm - Parliamentary system

Economic Risk: Nil

Currency: 100 XCD = 37.03 USD

Branch Situation: Stable

BANKS
Name of the Bank	HSBC Bank
Account Number	Confidential
Comments	This information was not verified by the registered agent.

BUSINESS HISTORY
	The creation date (2005) was not verified by the registered agent.
PRINCIPAL ACTIVITY
	BOUNTY SHIPPING LTD is an International Business Company or 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 a local business. It is not listed with the St. Kitts and Nevis yellow pages. It is not listed with the major local credit bureaus.

The subject employs 0 employee(s)

Comments on staff:

The company does not have any employee in the St. Kitts and Nevis. It uses the registered agent staff.

LOCATION
Headquarters
	Hunkins Plaza, Main Street, Charlestown, St. Kitts and Nevis.
Comments on location:
	The address mentioned above is that of the registered agent: Morning Star Holdings Limited.

NOTES & COMMENTS

Final Opinion

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.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.05
UK Pound	1	Rs.101.84
Euro	1	Rs.81.55

INFORMATION DETAILS

Analysis Done by :	RAS

Report Prepared by :	TPT

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.