|
Report No. : |
353797 |
|
Report Date : |
14.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
SAILLOCK LTD |
|
|
|
|
Registered Office : |
Lagoon Court Office Serviceolde Tow Nassau
Np 63123 |
|
|
|
|
Country : |
Bahamas |
|
|
|
|
Date of Incorporation : |
2013 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
IBC (International Business Company) |
|
|
|
|
Employees: |
0 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
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 |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Bahamas |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
BAHAMAS ECONOMIC OVERVIEW
The Bahamas is one of the wealthiest Caribbean countries
with an economy heavily dependent on tourism and offshore banking. Tourism
together with tourism-driven construction and manufacturing accounts for
approximately 60% of GDP and directly or indirectly employs half of the
archipelago's labor force. Financial services constitute the second-most
important sector of the Bahamian economy and, when combined with business
services, account for about 35% of GDP. Manufacturing and agriculture combined
contribute less than one 10th of GDP and show little growth, despite government
incentives aimed at those sectors. The economy of The Bahamas shrank at an
average pace of 0.8% annually between 2007 and 2011, and tourism, financial
services, and construction - pillars of the national economy - remain subdued.
Conditions are improving in the tourism sector, however, due to steady foreign
investment led activity. New resort and marina developments are likely to
provide sustained employment opportunities.
|
Source
: CIA |
|
Order: |
SAILLOCK LTD |
|
Address in the order: |
Lagoon Court Office Service Olde,Towne
Sandyport Box,SP 63123, Nassau,BAHAMAS |
|
Legal Name: |
SAILLOCK LIMITED |
|
Trade Name: |
SAILLOCK LTD. |
|
ID: |
53654
|
|
Date Created: |
2013 (not confirmed) |
|
Date Incorporated: |
NA |
|
Legal Address: |
LAGOON COURT OFFICE SERVICEOLDE TOW NASSAU
NP 63123 BAHAMAS |
|
Operative Address: |
LAGOON COURT OFFICE SERVICEOLDE TOW NASSAU
NP 63123 BAHAMAS |
|
Telephone: |
242-327-1163 |
|
Fax: |
242-327-1173 |
|
Legal Form: |
Limited Company |
|
Email: |
|
|
Registered in: |
Bahamas |
|
Website: |
|
|
Contact: |
Lagoon Court Office Service Centre |
|
Staff: |
0 |
|
Activity: |
IBC (International Business Company) |
|
BANKS
Central Bank of The Bahamas (CBB) The company does not make its banking data
public |
|
History
The company would have been incorporated in
2013. |
|
PRINCIPAL ACTIVITY
SAILLOCK LTD.
is an International Business Company incorporated in Bahamas for tax
purposes. |
|
|
Products/Services description: |
Trading,export,wholesale |
|
Brands: |
NA |
|
Sales are: |
NA |
|
Clients: |
ALLIANZ GROUP INTERNATIONAL LTDA Colombia INVESTGROUP INTERNATIONAL LTDA Colombia LABORATORIES ELMOR S.A Venezuela |
|
Suppliers: |
GRANULES INDIA
PVT LTD |
|
Operations area: |
NA |
|
The company imports from |
NA |
|
The company exports to |
NA |
|
The subject employs |
The company does not have any employee in
Bahamas. |
|
Payments: |
Regular |
|
Headquarters : |
The company does not operate in the
country. It would use its address for tax purposes. |
|
Branches: |
NA |
|
Listed at the stock exchange: |
NO |
|
Capital: |
NA |
|
Shareholders: |
This is a private
company which does not make its shareholders private. It may be related to: |
|
Management: |
Lagoon Court
Office Service Centre |
This is a private company which does not make
its financials public.
There are no financial connected to the
subject.
There are no
legal issues regaridng the subject
This is an International Business Company
which belongs to a company located in Bahamas.
It is registered in Bahamas for tax purposes and does not operate within the
country. It is managed by a resident registration agent.
|
DEBTS |
Controlled |
|
PAYMENTS |
Regular |
|
CASH FLOW |
Normal |
|
SUGGESTED CREDIT LINE |
USD 50 000 |
|
STATUS |
Active |
|
NAME |
NA |
|
POSITION |
Agent |
|
COMMENTS |
The person contacted refused to confirm
data about this company. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.79 |
|
|
1 |
Rs.101.10 |
|
Euro |
1 |
Rs.73.10 |
|
BSD |
1 |
Rs.0.015 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
SDA |
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.