MIRA INFORM REPORT

 

 

Report Date :

28.11.2014

 

IDENTIFICATION DETAILS

 

Name :

NOOMADI RESORTS AND RESIDENCES AG

 

 

Registered Office :

C/o Allgemeines Treuunternehmen, Äulestrasse 5, Postfach 83 9490 Vaduz

 

 

Country :

Liechtenstein

 

 

Date of Incorporation :

24.09.2004

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

Provider of Accomodation Services.

 

 

No. of Employees :

1-9 Employees

 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Domicile Company 

 

 

Payment Behaviour :

--

 

 

Litigation :

--

 

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)

Liechtenstein

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 

LIECHTENSTEIN - ECONOMIC OVERVIEW

 

Despite its small size and limited natural resources, Liechtenstein has developed into a prosperous, highly industrialized, free-enterprise economy with a vital financial service sector and likely the second highest per capita income in the world. The Liechtenstein economy is widely diversified with a large number of small businesses. Low business taxes - the maximum tax rate is 20% - and easy incorporation rules have induced many holding companies to establish nominal offices in Liechtenstein providing 30% of state revenues. The country participates in a customs union with Switzerland and uses the Swiss franc as its national currency. It imports more than 90% of its energy requirements. Liechtenstein has been a member of the European Economic Area (an organization serving as a bridge between the European Free Trade Association (EFTA) and the EU) since May 1995. The government is working to harmonize its economic policies with those of an integrated Europe. Since 2008, Liechtenstein has faced renewed international pressure - particularly from Germany - to improve transparency in its banking and tax systems. In December 2008, Liechtenstein signed a Tax Information Exchange Agreement with the US. Upon Liechtenstein's conclusion of 12 bilateral information-sharing agreements, the OECD in October 2009 removed the principality from its "grey list" of countries that had yet to implement the organization's Model Tax Convention. By the end of 2010, Liechtenstein had signed 25 Tax Information Exchange Agreements or Double Tax Agreements. In 2011 Liechtenstein joined the Schengen area, which allows passport-free travel across 26 European countries.

 

Source : CIA

 

 

 

Company Name

 

NOOMADI RESORTS AND RESIDENCES AG

 

 

ADDRESSES

 

Main Address:                            C/o Allgemeines Treuunternehmen, Äulestrasse 5, Postfach 83

Zip code/City:                             9490 Vaduz, Liechtenstein

Telephone:                                  +423 2373434

Fax:                                           +423 2373460

 

WIN Worldbox No.:                     LI0000348846

 

 

Profile

 

Established:                               2004

Line of Business:                        Provider of accomodation services

Industry Division:                        Services

Industry-code (NACE):                 5510 Hotels and similar accommodation

Banks:                                        VP Bank AG, Vaduz

Employees:                                1-9

CNPJ:                                        -

 

 

DIRECTORS/MANAGEMENT

 

Official Administration:

Director                                      Annemarie Brigitte Fraefel Mc Laren, Citizen: Switzerland, Residential address: Jonschwil, Switzerland, single signature

Director                                      Christophe Peter Nicola Groh, Citizen: Liechtenstein, Residential address: Magliaso, Switzerland, single signature

Director                                      Dr.iur. Werner Alex Keicher, Citizen: Switzerland, Residential address: 9490 Vaduz, Liechtenstein, single signature

 

 

External Positions:

Auditor                                       Audita Revisions-Aktiengesellschaft, Residential address: 9490 Vaduz, Liechtenstein, Registered since: 11.04.2014

 

 


SHARE & SHARE CAPITAL INFORMATION

 

State Register:                            FL-0002.114.083-3

Legal form:                                 Company limited by shares

Incorporation date:                      24.09.2004

Balance sheet filing date:            -

Tax Contributor Number (CNPJ):  -

Legal status:                               active

Responsible Register:                 Öffentlichkeitsregisteramt Liechtenstein

History:                                      Date of Statutes: 05.01.2012

                                                  Date of Statutes: 23.12.2005

                                                  Date of Incorporation Statutes: 24.09.2004

                                                  Date of Statutes: 10.04.2014

 

Entry          Deleted      Name

11.04.2014                    NOOMADI RESORTS AND RESIDENCES AG

                  11.04.2014  NOOMADI RESORTS AND RESIDENCES ANSTALT

 

Entry          Deleted      Legal domicile

active                           Vaduz, Liechtenstein

 

Entry          Deleted      Address

active                           c/o Allgemeines Treuunternehmen, Äulestrasse 5, 9490 Vaduz, Liechtenstein/LI

 

Entry          Deleted      Capital

11.04.2014                    Share Capital CHF 50,000, paidup CHF 50,000

 

Entry          Deleted      Capital Structure

11.04.2014                    50 Registered shares of CHF 1,000.--

 

 

PAYMENT INFORMATION

 

Import and Export:

-

 

Owners/-s:

Owner:                                        The company is privately owned.

 

 

FINANCIAL INFORMATION

 

NA

 

 

FOREIGN EXCHANGE RATES

 

Exchange rate:

US$ 1,00  =  (currency)                          -  Official rate on (actual date)

 

 

ADDITIONAL INFORMATION

 

Main Activities:

The company develops, implements and manages hotels and resorts projects in Asia.

 

Staff:

1-9

 

 

NOTES & COMMENTS

 

The company is a "Domicile" company having no telephone connection, employees or commercial activity in Liechtenstein.

 

 

News

 

Housing Development Corporation:

 

The foundation laying ceremony has been held for the Blue’s Housing Project. The project, under which 300 apartments are to be developed, will be managed by HDC, while construction work will be undertaken by Noomadi Residence and Resort.

 

The ceremony was attended by the Home Minister Dr. Mohamed Jameel, Commissioner of police Mr. Abdulla Riyaz, as well as other special guests from MPS, HDC and Noomadi.

 

he project, which will be completed within 2 years, is estimated to cost MVR 580 million.

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.87

UK Pound

1

Rs.97.69

Euro

1

Rs.77.37

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NIT

 

               

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.