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Report Date : |
27.03.2014 |
IDENTIFICATION DETAILS
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Name : |
NOBEL LTD |
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Registered Office : |
22 Victoria Street Canon s Court HM 12, Hamilton |
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Country : |
Bermuda |
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Date of Incorporation : |
20.12.2002 |
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Com. Reg. No.: |
33115 |
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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 : |
Offshore 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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Bermuda |
A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
BERMUDA - ECONOMIC OVERVIEW
Despite four years of
recession and a public debt of $1.4 billion, Bermuda enjoys the fourth highest
per capita income in the world, about 70% higher than that of the US. The
average cost of a single-family home in 2012 was $1.1 million. Its economy is
primarily based on international business and the provision of financial
services to that sector, and to a lesser extent tourism. A number of
reinsurance companies relocated to the island following the 11 September 2001
attacks on the US and again after Hurricanes Katrina, Rita, and Wilma in 2005,
contributing to the expansion of an already robust international business
sector. Bermuda's tourism industry - which derives over 80% of its visitors
from the US - continues to struggle and has dropped in its relevant importance
to the economy, although it is still important as a job creator. Bermuda must
import almost everything. Agriculture is limited due to the small size of the
island and Bermuda's industrial sector is small.
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Source
: CIA |
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IDENTIFICATION |
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Ordered as: |
NOBEL LTD |
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Address in the order: |
Canons Court, 22 Victoria Street, Hamilton HM 12 |
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Legal Name: |
NOBEL LTD |
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Legal Address |
22 Victoria Street Canon s Court HM 12 |
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Postal Town |
Hamilton |
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Post Code |
N.A. |
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Primary Geographic Area |
N.A. |
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Country |
BM |
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Location Status |
Single Location,Legal Address, |
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Telephone: |
(441) 295-2244 (agent telephone) |
Registration Number : |
33115 |
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Fax: |
(441) 292-8666 (agent telephone) |
Legal Form: |
International Business Company |
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Email: |
N.A. |
Registered in: |
BM |
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Website: |
N.A. |
Date Created: |
2002 |
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MANAGERS: |
N.A. |
Date Incorporated: |
December 20th 2002 |
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Staff: |
0 |
Stock: |
NA |
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SIC Code: |
6719 |
Value: |
N.A. |
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Activity: |
Offshore company |
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Management: |
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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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Shareholders - MANAGERS - RELATED COMPANIES |
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Listed at the stock exchange: |
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NO |
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PAYMENTS |
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made on a 20 days basis - monitored over the last 12 months |
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Shareholders Parent Company(ies): |
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The company is owned by foreign shareholders. |
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RELATED COMPANIES: |
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Through outside sources we could learn that the subject would be
related to: NobelTel, Ltd. is a market leader in the global telecommunications
industry. Founded in 1998 by Thomas Knobel, NobelTel, Ltd. has grown rapidly.
NobelTel, Ltd. was the first company to tackle the online prepaid phone cards
market with NobelCom.com, the company now offering a variety of
telecommunications services. 144-146 Vasile Lascar Street Sector 2, Bucharest Romania Phone: +40-21-211-0185 Fax: +40-21-211-0485 |
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FINANCIALS - COMMERCIAL TRENDS AND FORECAST |
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The Subject Company is registered as an International Business Company
in Bermuda and is therefore exempt from filing and/or publishing Annual
Audited Accounts at the Registrar of Companies, under the Bermuda Law. In
addition, due to the laws of privacy governing disclosure of BANKING
INFORMATION, we are unable to demand a copy of the subject s Latest FINANCIAL
STATEMENTS. |
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However our financial sources could provide us with the following data
(estimates): |
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Currency |
DATE |
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USD |
2012 |
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Turnover |
0 |
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Operating Income |
3 900 000 |
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Net Income |
3 900 000 |
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Net worth |
27 500 000 |
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Bank liabilities |
0 |
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The cash flow is |
Good |
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Currency |
DATE |
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USD |
2011 |
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Turnover |
0 |
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Operating Income |
3 300 000 |
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Net Income |
3 300 000 |
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Net worth |
19 700 000 |
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Bank liabilities |
0 |
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The cash flow is |
GOOD |
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Currency |
DATE |
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USD |
2009 |
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Turnover |
0 |
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Operating Income |
2 100 000 |
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Net Income |
2 100 000 |
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Net worth |
14 000 000 |
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Bank liabilities |
0 |
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The cash flow is |
large |
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Currency |
DATE |
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USD |
2008 |
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Turnover |
0 |
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Operating Income |
3 780 000 |
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Net Income |
3 780 000 |
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Net worth |
12 000 000 |
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Bank liabilities |
0 |
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The cash flow is |
correct |
Na
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: British overseas territory - Parliamentary system |
Currency: 1 BMD = 1 USD |
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BANKS |
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Name of the Bank |
BANK OF BERMUDA |
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Location |
Bermuda |
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Account Number |
Confidential |
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BUSINESS |
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PRINCIPAL ACTIVITY |
NOBETEL LTD is an International Business Company / Offshore Company
incorporated in Bermuda for tax purposes. However the company does not carry any operation in Bermuda. It is not registered with Bermuda Chamber of Commerce as being an
active business. It is not listed with Bermuda yellow pages. It is not listed with the major local credit bureaus. |
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Trade References: |
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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 subject s 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 Bermuda. It uses the
registered agent staff. |
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Comments on location: |
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The address mentioned above is that of the registered agent: ApplebyCanon s Court, 22 Victoria Street, P.O. Box HM 1179Hamilton, Bermuda HM EX Telephone: +1 441-295-2244 Fax: +1 441-292-8666 http://www.applebyglobal.com |
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RATING |
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Local credit bureau did not rate this company. The company is in Good Standing. This means that all local and federal
taxes were paid on due date. |
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SUMMARY |
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Profitability |
GOOD |
Public |
NO |
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Indebtedness |
NIL |
Payments |
UNKNOWN |
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Cash |
GOOD |
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Final Opinion
We are reporting an offshore company which belongs to foreign
shareholders. Although it is registered in Bermuda, 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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.17 |
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|
1 |
Rs.99.39 |
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Euro |
1 |
Rs.83.09 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
RATING EXPLANATIONS
|
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 |
|
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 |
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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.