|
Report Date : |
26.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
ROSELLA MARITIME
CO |
|
|
|
|
Registered Office : |
80 Broad Street, Monrovia |
|
|
|
|
Country : |
Liberia |
|
|
|
|
Date of Incorporation : |
04.05.2007 |
|
|
|
|
Legal Form : |
International Business Company (IBC) |
|
|
|
|
Line of Business : |
Engaged as a Shipping Company |
|
|
|
|
No of Employees : |
02 |
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 : |
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) |
|
Liberia |
C1 |
C1 |
|
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 |
liberia ECONOMIC OVERVIEW
Liberia is a low income country that relies heavily on foreign
assistance. Civil war and government mismanagement destroyed much of Liberia's economy,
especially the infrastructure in and around the capital, Monrovia. Many
businesses fled the country, taking capital and expertise with them, but with
the conclusion of fighting and the installation of a democratically elected
government in 2006, several have returned. Liberia is richly endowed with
water, mineral resources, forests, and a climate favorable to agriculture, and
iron ore and rubber have driven growth in recent years. Liberia is also
reviving its raw timber sector and is encouraging oil exploration. President
JOHNSON SIRLEAF, a Harvard-educated banker and administrator, has taken steps
to reduce corruption, build support from international donors, and encourage
private investment. Rebuilding infrastructure and raising incomes will depend
on financial and technical assistance from donor countries and foreign
investment in key sectors, such as infrastructure and power generation. The
country achieved high growth during 2010-13 due to favorable world prices for
its commodities. In the future, growth will depend on global commodity prices,
on sustained foreign aid, trade, investment, and remittances, on the
development of infrastructure and institutions, but mostly on maintaining
political stability and security.
|
Source
: CIA |
Registered Name: ROSELLA MARITIME CO
Requested Name: ROSELLA
MARITIME CO
Other Names: None
Physical Address: 80 Broad Street,
Monrovia
Country: Liberia
Phone: 231-77000400
Fax: 231-77000422
Email: corporate@liscr.com
Website: www.liberiancorporations.com
In the absence of a payment
pattern and financial information, we would recommend that all dealings with
the subject be on a secured basis.
We recommend secured transaction only.
Legal Form: International Business Company (IBC)
Date Incorporated: 4-May-2007
IMO Number: 7901265
Nominal Capital LRD. 1,000,000
Subscribed Capital is Subscribed in the following form:
Position Shares
Undisclosed Directors
The LISCR Trust Company Agent
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
Engaged as a Shipping Company
Imports: Undisclosed
Exports: Undisclosed
Trademarks: Undisclosed
Terms of sale: Undisclosed
Main Customers: firms
and organizations
Employees: 2
employees.
Vehicles: Undisclosed
Territory of
sales: Liberia
Location: Undisclosed
Auditors: Information not available.
Insurance
Brokers: Information not available.
Currency Reported: Liberia dollar (LRD.)
Approx. Ex. Rate: 1 US Dollar = 89.49 Liberia dollar
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 not Submitted
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 Liberia; According
to the Liberian statutory law, The LISCR Trust Company (“the Registered Agent”)
acts as the exclusive Registered Agent for all Liberian non-resident corporate
entities.It is difficult to investigate such a Company due to the Liberian
regulations protecting the non disclosure of the name of the shareholders.
According to Liberian 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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.28 |
|
|
1 |
Rs.102.28 |
|
Euro |
1 |
Rs.82.05 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MNL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.