MIRA INFORM REPORT

Report Date :

22.11.2014

IDENTIFICATION DETAILS

Name :	TELL INTERNATIONAL INC.
Registered Office :	#1 Mapp Street, 3rd. Floor
Country :	Belize
Date of Incorporation :	26.06.2005
Legal Form :	Limited Company
Line of Business :	This is an International Business Company (IBC)
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.

ECGC Country Risk Classification List – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
Belize	B2	B2

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

BELIZE - ECONOMIC OVERVIEW

Tourism is the number one foreign exchange earner in this small economy, followed by exports of marine products, citrus, cane sugar, bananas, and garments. The government's expansionary monetary and fiscal policies, initiated in September 1998, led to GDP growth averaging nearly 4% in 1999-2007. Oil discoveries in 2006 bolstered this growth. Exploration efforts have continued and production has increased a small amount. Growth slipped to 0% in 2009, resulting from the global economic slowdown, natural disasters, and a temporary drop in the price of oil, but grew to 2.5% in 2013. With weak economic growth and a large public debt burden, fiscal spending is likely to be tight. In January 2013, the government announced that it had reached a deal with creditors to restructure its $544 million commercial external debt, commonly referred to as the "superbond." The superbond represents one half of the country's public debt. A key government objective remains the reduction of poverty and inequality with the help of international donors. Although Belize has the second highest per capita income in Central America, the average income figure masks a huge income disparity between rich and poor. The sizable trade deficit and heavy foreign debt burden continue to be major concerns.

Source : CIA

STATUTORY INFORMATION
Order:	Tell Inc
Address in the order:	At the address provided and with this nae we found company TELL INTERNATIONAL INC.
Legal Name:	TELL INTERNATIONAL INC
ID	NA
Date Created:	2004
Date Incorporated:	26-jun-05
Legal Address:	#1 Mapp Street, 3rd. Floor (Registered Agent)
Operative Address:	NA
Telephone:	(501) 223-4708 (Registered Agent)
Fax:	(501)-223-4768 (Registered Agent)
Legal Form:	Limited Company
Email:	info@offshorebelize.com (Registered Agent)
Registry Office:	Belize
Website:	www.offshorebelize.com (Registered Agent)
Manager:	International Corporate Services Ltd (ICSL)
Staff:	0
Activity:	This is an International Business Company (IBC)
SIC Codes:	NA
NAICS Codes:	NA
BANKS
Name	HSBC
	This information was not verified by the registered agent.
HISTORY
	The company was incorporated in 2004
PRINCIPAL ACTIVITY
	Tell Inc. is an International Business Company incorporated in Belize for tax purposes. The company uses the registrant address but does not carry any operation in the country. It is not registered in Belize as being a local business company. It is not listed with the Belize commercial pages.
Products/Services description:	NA
It employs	The company does not have any employee in Belize.
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 ajor holders.
Management:	It is administrated by the registered agent.
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.
USD 2013
Turnover	0
Operating Income	900 000
Net Income	900 000
Net Worth	2 000 000
Bank Liabilities	0
Cash Flow	Good
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 Belize. It is registered in Belize for tax purposes and does not operate within the country. It is managed by a resident registration agent.
RISK INFORMATION
Indebtedness	Controlled
Payments	Unknown
Cash	Good
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.61.85
UK Pound	1	Rs.97.01
Euro	1	Rs.77.62

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	TPT

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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