MIRA INFORM REPORT

Report Date :

13.12.2014

IDENTIFICATION DETAILS

Name :	BOLIVAR, INC.
Registered Office :	P O Box 583 morton House Government Road, Charlestown, Nevis
Country :	Nevis
Date of Incorporation :	Not Available
Legal Form :	Limited Company
Line of Business :	Not Available [We tried to confirm / obtain the detailed activity but the same is not available from any sources]
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 :	International Business 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.

NEVIS - ECONOMIC OVERVIEW

The economy of Saint Kitts and Nevis depends on tourism; since the 1970s tourism has replaced sugar as the traditional mainstay of the economy. Following the 2005 harvest, the government closed the sugar industry, after several decades of losses. To compensate for lost jobs, the government has embarked on a program to diversify the agricultural sector and to stimulate other sectors of the economy, such as export-oriented manufacturing and offshore banking. Roughly 200,000 tourists visited the islands in 2009, but reduced tourism arrivals and foreign investment led to an economic contraction in 2009-2012, and the economy returned to growth only in 2013. Like other tourist destinations in the Caribbean, St. Kitts and Nevis is vulnerable to damage from natural disasters and shifts in tourism demand. The government has made notable progress on reducing its public debt—from 154% of GDP in 2011 to 83% in 2013—although it still faces one of the highest levels in the world, largely attributable to public enterprise losses

Source : CIA

Legal Name:	BOLIVAR, INC.
ID	NA
Date Created:	NA
Date Incorporated:	NA
Legal Address:	P O Box 583 morton House Government Road, Charlestown, Nevis
Operative Address:	NA
Telephone:	8.694.691.100
Fax:	869 469 1101
Legal Form:	Limited Company
Email:	cm@htlnevis.com
Registry Office:	St. Kitts and Nevis
Website:	www.hamilton-trust-company.com
Manager:	Hamilton Trust Company (Nevis) Limited
Staff:	0
Activity:	This is an International Business Company (IBC)
SIC Codes:	NA

Legal Name:	BOLIVAR, I
Date Created:
Date Incorporated:
Legal Address:	P O Box 583 morton House Government Road, Charlestown, Nevis
Operative Address:	NA
Telephone:	8.694.691.100
Fax:	869 469 1101
Legal Form:	Limited Company
Email:	cm@htlnevis.com
Registry Office:	St. Kitts and Nevis
Website:	www.hamilton-trust-company.com
Manager:	Hamilton Trust Company (Nevis) Limited
Staff:	0
Activity:	This is an International Business Company (IBC)
SIC Codes:	NA
NAICS Codes:	NA
BANKS
Name	St. Kitts-Nevis-Anguilla National Bank Ltd.
	This information was not verified by the registered agent.
HISTORY
	NA
PRINCIPAL ACTIVITY
	BOLIVAR, INC.is an International Business Company incorporated in St Kitts and Nevis for tax purposes. The company uses the registrant address but does not carry any operation in the country. It is not registered in St Kitts and Nevis as being a local business company. It is not listed with the St Kitts and Nevis commercial pages.
Products/Services description:	NA
It employs	The company does not have any employee in St Kitts and Nevis.
Sales are:	NA
Clients:	NA
Competitors:	NA
Suppliers:	NA
The company imports from	NA
The company exports to	NA
Payments:	NA
LOCATION
Headquarters :	The company does not operate in the country. It would use its address for tax purposes.
Size:	NA
Property:	NA
Branches:	NA
Business Overview:	NA
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders	The company is owned by foreign shareholders. Despite our long search, we could not confirm its major holders.
Management:	It is administrated by the registered agent.
	Hamilton Trust Company (Nevis) Limited P O Box 583 Morton House Government Road Charlestown Nevis, West Indies Tel. 869.469.1100 Fax. 869 469 1101 Email: cm@htlnevis.com
FINANCIAL INFORMATION
	This is a private company which does not make its financial statements public.
	The following information has been provided by our private sources.
LEGAL FILINGS
	There are no adverse legal information connected to the company.
FINAL REVIEW
	This is an International Business Company which belongs to a company located in St Kitts and Nevis. It is registered in St Kitts and Nevis for tax purposes and does not operate within the country. It is managed by a resident registration agent.
RISK INFORMATION
Indebtedness	Controlled
Payments	Regular
Cash	Normal
CALL
Interviewee	Agent
Position	Attorney
Comments	The person contacted refused to confirm data about this company.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.44
UK Pound	1	Rs.98.15
Euro	1	Rs.77.38

INFORMATION DETAILS

Analysis Done by :	RAS
Report Prepared by :	NIS

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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