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Report No. : |
316019 |
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Report Date : |
13.04.2015 |
IDENTIFICATION DETAILS
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Name : |
CONQUISTADOR SHIPPING CORPORATION |
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Registered Office : |
Po Box 583, Morton House Government Road Charlestown |
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Country : |
Nevis |
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Date of Incorporation : |
2003 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Offshore company – International Business Company [Note: We tried to confirm /
obtain the detailed activity but the same is not available from any sources] |
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No. of Employee : |
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.
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IDENTIFICATION |
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Ordered as: |
CONQUISTADOR
SHIPPING CORPORATION |
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Address in the order: |
PO BOX 583, MORTON HOUSE GOVERNMENT ROAD CHARLESTOWN |
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Comments on data supplied: |
The subject is an International Business Company (IBC), the address provided
is that of the Registered Agent, Hamilton Trust Company (Nevis) Ltd. |
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Legal Name: |
CONQUISTADOR SHIPPING CORPORATION |
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Legal Address |
Morton House, Government Road (Registered Agent) |
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Postal Town |
Charlestown (Registered Agent) |
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Post Code |
P O Box 583 |
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Country |
KN |
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Telephone: |
869 469 1100 (Registered Agent) |
Registration Number : |
N.A. |
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Fax: |
869 469 1101 (Registered Agent) |
Legal Form: |
Corporation for Profit |
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Email: |
cm@htlnevis.com (Registered Agent) |
Registered in: |
KN |
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Website: |
www.htlnevis.com (Registered Agent) |
Date Created: |
2003 |
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MANAGERS: |
N.A. |
Date Incorporated: |
N.A. |
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Staff: |
0 |
Stock: |
N.A. |
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Value: |
N.A. |
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Activity: |
Offshore company – International Business 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 Filings |
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The sources consulted record no
detrimental legal or labor court information. |
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Public |
NO |
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Shareholders
Parent Company(ies): |
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The company is managed by foreign shareholders. Despite our long searches it has not been possible to identify the
shareholders. |
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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 subjects payment performance and general
reputation regarding commitments contracted as same it is UNKNOWN as making
use of credit facilities. |
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PAYMENTS |
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Made on a 15 days basis - monitored over the last 12 months |
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DEBT COLLECTIONS
AND PAYMENTS |
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Payments |
REGULAR |
N/a
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FINANCIALS - COMMERCIAL TRENDS AND FORECAST |
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As a private company the subject does not publish any financial
statements. |
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However our financial sources could provide us with the following
data. Those figures are estimates provided by confidential banking and
financial institutions working with the company. |
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Currency |
DATE |
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USD |
2014 |
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Turnover |
0 |
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Operating Income |
3 700 000 |
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Net Income |
3 700 000 |
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Net worth |
12 600 000 |
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Bank liabilities |
0 |
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The cash flow is |
Good |
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Comments on the financial data: The company being an offshore, it was
not possible to verify the financial figures with the registered agent. |
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FINANCIAL
SUMMARY |
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Profitability |
CORRECT |
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Indebtedness |
NIL |
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Cash |
NORMAL |
N/a
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GEOPOLITICS - SAINT KITTS AND NEVIS |
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Commonwealth Realm - Parliamentary system
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Currency: 100(USD)=37.03(XCD) |
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BANKS |
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Name of the Bank |
HSBC |
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Location |
St. Kitts and Nevis |
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Comments |
This information was not verified by the registered agent. |
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BUSINESS PRINCIPAL ACTIVITY |
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CONQUISTADOR SHIPPING CORPORATION is an International Business Company
- Offshore Company incorporated in St. Kitts and Nevis for tax purposes. However the company does not carry any operation in the St. Kitts and
Nevis. It is not registered with the St. Kitts and Nevis Chamber of Commerce
as being a local business. It is not listed with the St. Kitts and Nevis yellow pages. It is not listed with the major local credit bureaus. |
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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 St. Kitts and Nevis. It uses
the registered agent staff. |
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LOCATION |
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Headquarters |
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The address belongs to the Registered Agent: Hamilton Trust Company (Nevis) Ltd. P O Box 583 Morton House Government Road Charlestown Nevis West Indies Tel. +1 869 469 1100 Fax. +1 869 469 1101 |
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Listed at the stock exchange: |
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NO |
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Final Opinion |
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We are reporting an offshore company which belongs to foreign shareholders.
Although it is registered in St. Kitts and Nevis, 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. We recommend a credit line for the amount of USD 500 000, based on the
financial information received from our banking sources. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.37 |
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1 |
Rs.91.60 |
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Euro |
1 |
Rs.66.49 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
ANK |
RATING EXPLANATIONS
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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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.