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Report Date : |
23.08.2014 |
IDENTIFICATION DETAILS
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Name : |
RAIN FOREST RESOURCES LTD |
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Registered Office : |
5F |
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Country : |
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Date of Incorporation : |
Not Available |
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Com. Reg. No.: |
Not Available |
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Legal Form : |
International Business Company |
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Line of Business : |
Offshore Company |
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No of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
International Business 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 – June 01, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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Cayman Islands |
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 |
CAYMAN ISLANDS - ECONOMIC OVERVIEW
With no direct taxation, the
islands are a thriving offshore financial center. More than 93,000 companies
were registered in the Cayman Islands as of 2008, including almost 300 banks,
800 insurers, and 10,000 mutual funds. A stock exchange was opened in 1997.
Tourism is also a mainstay, accounting for about 70% of GDP and 75% of foreign
currency earnings. The tourist industry is aimed at the luxury market and
caters mainly to visitors from North America. Total tourist arrivals exceeded
1.9 million in 2008, with about half from the US. Nearly 90% of the islands'
food and consumer goods must be imported. The Caymanians enjoy a standard of
living comparable to that of Switzerland.
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Source
: CIA |
IDENTIFICATION
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Ordered as: |
RAIN FOREST RESOURCES LTD |
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Address in the order: |
5F Anderson Sq, Shedden Rd, George Town, Grand Cayman KY1-1103 |
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Legal Name: |
RAIN FOREST RESOURCES LTD |
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Legal Address |
5th Floor Anderson Square Building, Shedden Road, (Registered Agent) |
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Postal Town |
George Town |
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Post Code |
KY1-1103 |
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Primary Geographic Area |
Grand Cayman |
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Country |
KY |
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Location Status |
Legal Address, |
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Mailing Address |
P.O. Box 866, Grand Cayman, KY1-1103, Cayman Islands (Registered
Agent) |
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Telephone: |
(345) 949-7555 (Registered Agent) |
Registration Number : |
N.A. |
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Fax: |
(345) 949-8492 (Registered Agent) |
Legal Form: |
International Business Company |
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Email: |
N.A. |
Registered in: |
KY |
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Website: |
N.A. |
Date Created: |
N.A. |
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MANAGERS: |
N.A. |
Date Incorporated: |
N.A. |
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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:
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.
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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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Public |
NO |
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Shareholders - RELATED COMPANIES |
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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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. |
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Payments |
TO BE MONITORED |
RELATED COMPANIES:
Despite our long searches we were unable to find through outside sources
any information related to the company RAIN FOREST RESOURCES LTD.
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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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Comments on the financial data: As of today, no financial data or
credit history is available through public sources at this time. |
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FINANCIAL
SUMMARY |
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Profitability |
N.A. |
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Indebtedness |
NIL |
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Cash |
NORMAL |
N/A
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GEOPOLITICS -
CAYMAN ISLANDS |
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: British overseas territory - Parliamentary system Economic Risk: Nil |
Currency: 100 KYD = 121.95 USD |
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BANKS |
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Name of the Bank |
Scotia Bank |
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Comments |
This information was not verified by the registered agent. |
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BUSINESS HISTORY |
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Despite our long searches we were unable to find through outside
sources the date when it was created. |
PRINCIPAL ACTIVITY
RAIN FOREST RESOURCES LTD is an International Business Company and Offshore
Company incorporated in Cayman Islands for tax purposes.
However the company does not carry any operation in Cayman Islands.
It is not registered with the Cayman Islands Chamber of Commerce as
being a local business.
It is not listed with the Cayman Islands yellow pages.
It is not listed with the major local credit bureaus.
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.
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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 Cayman Islands. It uses
the registered agent staff. |
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LOCATION |
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Headquarters |
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5th Floor Anderson Square Building, Shedden Road, George Town, Grand
Cayman, KY1-1103, Cayman Islands. |
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Comments on location: |
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The address mentioned above is that of the registered agent: H&J
Corporate Services (Cayman) Ltd. |
FINAL OPINION
We are reporting an offshore company which belongs to foreign shareholders.
Although it is registered in the Seychelles, 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.
As of today, no financial data or credit history is available through
public sources at this time.
We therefore suggest caution.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.77 |
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1 |
Rs.100.72 |
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Euro |
1 |
Rs.80.55 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
TPT |
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.