|
Report Date : |
29.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
GREENFIELF TEA LTD |
|
|
|
|
Registered Office : |
Suite 102, Blake Building, Corner Eyre
& Hutson Street Belize City |
|
|
|
|
Country : |
Belize |
|
|
|
|
Date of Incorporation : |
Not Available |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
International Business Company (IBC) |
|
|
|
|
No. of Employees : |
NIL |
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 |
|
Order:
|
Greenfielf
Tea Ltd |
|
Address
in the order: |
Suite 102, Ground Floor, Blake Building,
Corner Eyre & Hutson Streets, Belize City |
|
Legal
Name: |
Greenfielf
Tea Ltd |
|
ID |
NA |
|
Date
Created: |
2006 |
|
Date
Incorporated: |
NA |
|
Legal
Address: |
Suite 102, Blake Building, Corner Eyre
& Hutson Street |
|
Operative
Address: |
NA |
|
Telephone:
|
(501)
223-2839 |
|
Fax: |
(501)
223-3004 |
|
Legal
Form: |
Limited
Company |
|
Email: |
|
|
Registry
Office: |
Belize |
|
Website:
|
|
|
Manager: |
Belize
Formation Services Limited |
|
Staff:
|
0 |
|
Activity: |
International
Business Company (IBC) |
|
SIC
Codes: |
NA |
|
NAICS
Codes: |
NA |
|
Name |
This
information was not verified by the registered agent. |
|
The compnay would have been incorporated in
2006 |
|
|
Greenfielf Tea Ltd , would be an International
Business Company incorporated in Belize for tax purposes.
|
|
|
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:
|
Regular |
|
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 |
|
Listed at the stock exchange: |
NO |
|
Capital:
|
NA |
|
Shareholders
|
The company is
owned by foreign shareholders. |
|
Management:
|
It is
administrated by the registered agent. |
|
|
Belize Formation Services Limited |
|
The company
does not make its financial figures. The following information has been
provided by our outside sources and is estimated. |
|
|
|
|
|
2013
USD |
|
|
Revenue |
0 |
|
Operating
Income |
1 400 000 |
|
Net
Income |
1 400 000 |
|
Net
Worth |
6 500 000 |
|
Bank
Liabilities |
0 |
|
Cash
Flow |
Good |
|
The Registry of
Belize could not locate the company in their. Therefore, we coul not confirm its
registration in the Islands. |
|
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. |
|
Indebtedness |
Controlled |
|
Payments |
Unknown |
|
Cash |
Good |
|
Interviewee |
Registry |
|
Position |
Business Department |
|
Comments |
The person contacted
could not locate the company in their. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.35 |
|
|
1 |
Rs.98.93 |
|
Euro |
1 |
Rs.77.92 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.