MIRA INFORM REPORT

Report Date :

23.07.2014

IDENTIFICATION DETAILS

Name :	CCJS INTERNATIONAL CO., LTD

Registered Office :	G/F NPF Building, Beach Road,Offshore Chambers, Apia P. o. Box 217 Apia

Country :	Samoa

Date of Incorporation :	12.06.2010

Legal Form :	International Business Company (IBC)

Line of Business :	Subject is engaged in Consultancy firm

No. of Employees	02

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
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.

ECGC Country Risk Classification List – March 31, 2014

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

Samoa

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

SAMOA ECONOMIC OVERVIEW

The economy of Samoa has traditionally been dependent on development aid, family remittances from overseas, agriculture, and fishing. The country is vulnerable to devastating storms. Agriculture employs roughly two-thirds of the labor force and furnishes 90% of exports, featuring coconut cream, coconut oil, and copra. The manufacturing sector mainly processes agricultural products. One factory in the Foreign Trade Zone employs 3,000 people to make automobile electrical harnesses for an assembly plant in Australia. Tourism is an expanding sector accounting for 25% of GDP; 122,000 tourists visited the islands in 2007. In late September 2009, an earthquake and the resulting tsunami severely damaged Samoa, and nearby American Samoa, disrupting transportation and power generation, and resulting in about 200 deaths. In December 2012, extensive flooding and wind damage from Tropical Cyclone Evan killed four people, displaced over 6,000, and damaged or destroyed an estimated 1,500 homes in Samoa's Upolu island. The Samoan Government has called for deregulation of the financial sector, encouragement of investment, and continued fiscal discipline, while at the same time protecting the environment. Observers point to the flexibility of the labor market as a basic strength for future economic advances. Foreign reserves are in a relatively healthy state, the external debt is stable, and inflation is low

Source : CIA

Company name and address

SUBJECT'S NAME
Registered Name:	CCJS INTERNATIONAL CO., LTD
Requested Name:	CCJS INTERNATIONAL CO., LTD
Other Names:	None

ADDRESS AND TELECOMMUNICATION

Physical Address:	G/F NPF Building, Beach Road,Offshore Chambers, Apia
Postal Address:	P. o. Box 217
	Apia
Country:	Samoa
Phone:	685-21751
Fax:	685-24166
Email:	info@stevensons-offshore.com/ trevor@stevensons-offshore.com
Website:	www.offshore-inc.com

LEGAL

Legal Form:	International Business Company (IBC)
Date Incorporated:	12-June-2010
Reg. Number:	Samoa
Nominal Capital	WST. 100,000
Subscribed Capital	WST. 100,000
Subscribed Capital is Subscribed in the following form:
	Position	Shares
Information not Availed	Directors
Offshore Incorporations (Samoa) Limited	Trustee/Agent

RELATED COMPANIES

None	Parent company.
None	Subsidiary company.
None	Affiliated company.
None	Shareholder of subject firm.
None	Branches of the firm
___________________________________________________________________________

OPERATIONS

Consultancy firm
Imports:	Undisclosed
Exports:	Undisclosed
Trademarks:	None
Terms of sale:	Undisclosed

Main Customers:	None Stated
Employees:	2 employees.
Vehicles:	Undisclosed
Territory of sales:	Samoa
Location:	Undisclosed

AUDITORS AND INSURANCE

Auditors:	Information not available.
Insurance Brokers:	Information not available.

FINANCE

Currency Reported:	Samoan Tala (WST.)
Approx. Ex. Rate:	1 US Dollar = 2.28 Samoan Tala
Fiscal Year End:	December 31, 2013
Inflation:	According to information given by independent sources, the inflation at December 31st, 2013 was of 13%.

Financial Information Submitted	WST.
	Undisclosed

BANK

Bank Name:	Westpac Samoa
Branch:	Samoa
Comments:	None

_______________________________________________________________________

COMMENTS / ADDITIONAL INFORMATION

This information was obtained from outside sources other than the subject company itself.

This Company is an International Business Company (IBC), which is registered in Samoa; It is difficult to investigate such a Company due to the Samoa regulations protecting the non disclosure of the name of the shareholders.

According to Samoa business regulation, an International Business Company, is under no obligation to state its directors, officers and shareholders, also it’s under no obligation to file annual returns, prepare or submit company accounts to any authority.

The company is incorporated with an agent who is also the legal officer who represents the company.

It is difficult to investigate due to the Samoa regulations protecting the non disclosure of the name of the shareholders.

The company is incorporated with an agent who is also the legal officer who represents the company.

We are reporting an offshore company which belongs to foreign shareholders. Although it is registered in the Samoa Islands, 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.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.24
UK Pound	1	Rs.102.87
Euro	1	Rs.81.44

INFORMATION DETAILS

Analysis Done by :	DIV

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