MIRA
INFORM REPORT
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Report Date : |
01.07.2014 |
IDENTIFICATION DETAILS
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Name : |
OVERSEAS TRADE & MARKETING DEVELOPMENT LIMITED |
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Registered Office : |
Suite 1 Burns House, 19 Town Range |
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Country : |
Gibraltar |
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Financials (as on) : |
30.03.2014 |
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Date of Incorporation : |
26.10.1988 |
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Com. Reg. No.: |
26440 |
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Legal Form : |
Private Company Limited By Shares |
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Line of Business : |
Presumably, holding 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 : |
Moderate |
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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 – March 31, 2014
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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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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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately 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 |
REGISTERED NAME & COMPANY SUMMARY
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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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DIRECTORS/MANAGEMENT
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MANAGEMENT |
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NEGATIVE INFORMATION
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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 & SHARE CAPITAL INFORMATION
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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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PAYMENT INFORMATION
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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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GROUP STRUCTURE & AFFILIATED COMPANIES
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CORPORATE AFFILIATIONS |
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19 Town Range Gibraltar |
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Name: |
TRILEX NOMINEES
LIMITED |
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Affiliation
type: |
Shareholder |
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Address: |
Suite 1, Burn's
House 19 Town Range Gibraltar |
FINANCIAL INFORMATION
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FINANCIAL ACCOUNTS |
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Required to file: |
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Source: |
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Presentation: |
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Date of accounts: |
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Type of accounts: |
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Currency: |
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Exchange rate: |
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Summarised |
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FOREIGN EXCHANGE RATES
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Exchange rate: |
USD 1 = EUR 0.73 |
ADDITIONAL INFORMATION
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Staff |
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No of employees |
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Full description: |
Presumably, the
Subject is a holding company. Unfortunately, we were unable to contact the company
to confirm this information. |
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PROPERTY & ASSETS |
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Premises |
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NOTES & COMMENTS
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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.60.09 |
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1 |
Rs.102.33 |
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Euro |
1 |
Rs.82.01 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
NNA |
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.