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Report No. : |
353210 |
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Report Date : |
15.12.2015 |
IDENTIFICATION DETAILS
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Name : |
GRAND INFINITY HOLDING LIMITED |
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Registered Office : |
OMC Chambers, Wickhams Cay 1
Road Town Tortola VG1110 |
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Country : |
British Virgin Island |
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Date of Incorporation : |
04.01.2011 |
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Com. Reg. No.: |
1623323 |
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Legal Form : |
International Business Company |
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Line of Business : |
Activities of holding companies |
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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 : |
International business company |
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Payment Behaviour : |
Unknown |
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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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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British Virgin Island |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
BRITISH VIRGIN
ISLAND - ECONOMIC OVERVIEW
The economy, one of the most stable and prosperous in the Caribbean, is highly dependent on tourism generating an estimated 45% of the national income. More than 934,000 tourists, mainly from the US, visited the islands in 2008. In the mid-1980s, the government began offering offshore registration to companies wishing to incorporate in the islands, and incorporation fees now generate substantial revenues. Roughly 400,000 companies were on the offshore registry by yearend 2000. The adoption of a comprehensive insurance law in late 1994, which provides a blanket of confidentiality with regulated statutory gateways for investigation of criminal offenses, made the British Virgin Islands even more attractive to international business. Livestock raising is the most important agricultural activity; poor soils limit the islands' ability to meet domestic food requirements. Because of traditionally close links with the US Virgin Islands, the British Virgin Islands has used the US dollar as its currency since 1959.
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Source
: CIA |
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Business Name |
Grand
Infinity Holding Limited |
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Country |
VIRGIN ISLANDS, BRITISH |
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Company Registration Number |
1623323 |
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Main Activity Code |
6420 |
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Main Activity Description |
Activities of holding companies |
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Company Status |
(Active) |
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Latest Turnover Figure |
- |
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Latest Shareholder Equity Figure |
- |
Basic Information
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Business Name |
Grand Infinity Holding Limited |
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Registered Company Name |
Grand Infinity Holding Limited |
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Company Registration Number |
1623323 |
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Country |
VIRGIN ISLANDS, BRITISH |
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VAT Registration Number |
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VAT Registration Date |
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Date of Company Registration |
2011-01-04 |
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Date of Starting Operations |
2011-01-04 |
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Commercial Court |
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Legal Form |
International Business Company |
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Type of Ownership |
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Company Status |
(Active) |
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Principal Activity Code |
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Principal Activity Description |
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Contact Telephone Number |
1-284-494-4693 |
Main Address
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Address |
Country |
Telephone |
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OMC Chambers, Wickhams Cay 1
Road Town Tortola VG1110 |
VIRGIN ISLANDS, BRITISH |
1-284-494-4693 |
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Address |
Country |
Telephone |
No other addresses for this company.
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Address |
Country |
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No previous addresses for this
company. |
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Activity
Code |
Activity
Description |
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6420 |
Activities of holding companies |
No email for this company.
No web pages for this company.
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Date
Reported |
Number
of Employees |
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2015 |
0 |
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Banker
Name |
Banker
Address |
Phone
Number |
HSBC
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Auditor
Name |
Solicitor
Name |
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No advisor information for this
company. |
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Fax Number |
1-284-494-4627 |
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Export Countries |
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Import Countries |
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Additional Business Information |
Grand Infinity Holding Limited is
an International Business Company /
Offshore Company incorporated in the British
Virgin Islands for tax purposes. However
the company does not carry any
operation in the British
Virgin Islands. |
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Additional Rating Information |
Local credit bureau did not
rate this company. The company is
in Good Standing. This means that
all local |
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and federal taxes were paid
on due date. |
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Additional Payment Information |
made on a 20 days basis
- monitored over the last 12 months |
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Additional Financial Information |
As a private company the
subject does not publish any financial
statements. 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. (USD 2014)
Turnover: 0; Operating Income: 2,770,000;
Net Income: 2,770,000; Net worth:
12,800,000; Bank Liabilities: 0; The
cash flow is Normal. |
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Number of Employees at Address |
0 |
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Number of Employees at Group |
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Number of Employees at Factory |
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Stock |
50,000 Shares |
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Line Of Business |
Finance and investment: Subject
has the following purposes and objects:
The principal object is to engage either
in the Virgin Islands or abroad, in
the purchase, sell, disposal, dealing,
transfer, barter, ownership, negotiate, finance,
administration to grant guaranties in
favor of obligation of third parties
with or without mortgage or pledge of the
corporation assets, give or borrowing
money in loan, giving or taking in
commission, mortgage, security, lease, use,
usufruct, or receivership, any kind of
property, whether real or personal stock
or rights, and make and accept all
kinds of deals, contracts, operations,
business and transactions of lawful commerce.
The corporation could engage also in
fulfilling all activities, contracts, operations,
business or transactions allowed by Law
to the Corporation. In particular it
is engaged in financial intermediation
operations, participation in overseas
companies, shareholdings, overseas investments in
general, etc. According to informed by
subject's resident agent, it is legally
registered in the British Virgin Islands,
with head offices abroad. It means that
subject uses the British Virgin Islands
territory only as its legal and
administrative address, but all its
operations are carried out abroad. It
is under the same condition as many
companies that are established in the
British Virgin Islands, founded in order
to protect their shareholder's investments and,
to avail of tax exemption laws in
that country. Subject's annual business volume
is not disclosed by its Resident Agent. |
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Trade References |
In virtue of the nature of
its business activities its local
transactions are seldom. Therefore, commercial |
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sources consulted in the
marketplace report that they are unable
to establish subject's payment |
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performance and general reputation
regarding commitments contracted as same
it is UNKNOWN as making |
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use of credit facilities. |
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Comments on staff |
The subject uses the staff
of the registered Agent. |
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Physical Asset Holdings |
No properties in the British
Virgin Islands. Possible properties abroad
are unknown. |
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Business Overview |
BVI International Business Companies
(IBCs) are the off-shore companies with
a great number of advantages, such as: 1) Exemption
from payment of any income tax;
2) Can conduct most business transactions
(except conducting banking and insurance
activities and other businesses with
residents of the BVI; or to possess
real estate in BVI); 3) Requires
a minimum of only one shareholder
and one director; 4) The directors and
shareholders can be entities or
individuals resident in any country;
5) The shares can be issued to the
bearer or registered; 6) The Board
of Directors can meet in any part
of the world and even by telephone;
7) The payment of minimum capital
is not required, and the shares can
be issued at par or non par value;
8) The names of the Directors, Officers
and shareholders do not need to be
registered in a public record 9) No
need to file annual reports nor tax
returns; 10) Can transfer its
domicile and continue existing as a
company incorporated under the laws of
a jurisdiction outside of BVI; a
foreign company can also become a BVI IBC;
11) Neither the minutes book nor
the shares book need to be
certified by any authority of BVI;
12) It is not necessary to carry
out Directors or shareholder meetings on
a regular basis. 13) The name of the
company must include the word 'Limited',
'Corporation' or 'Incorporation', or the
abbreviation 'Ltd.', 'Corp.', 'Inc.' or
'S.A.'. Names in Chinese characters may
also be recorded. 14) It is not
necessary to issue shares of the
company, unless the Board of directors
decides so. 15) The IBC can be
dissolved by resolution of the Board
of directors, if no shares have
been issued. In case that the shares
have been issued, the company must
be dissolved through a shareholders
resolution. 16) All the dividends, interest,
rents, royalties, compensations and other
amounts paid by company established under
the IBC Act to persons that are
non-residents of BVI are exempt from
payment of income tax. The capital
gains earned from the sale of whatever
shares or other securities of an
IBC are also exempt from payment of
any tax. |
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Listed at the stock exchange |
No |
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Shareholders Parent Company(ies) |
The company is owned by
foreign shareholders. |
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Management |
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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Related Companies |
The subject would be related
to: Grand Infinity Holding Limited China
However, the subject being an offshore,
the links could not be verified. |
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Final Opinion |
We are reporting upon a
finance and investments company which
belongs to foreign shareholders. Although it
is registered in the British Virgin
Islands, 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. As
there are no visible assets, and
taking into account also that it is
unknown as making use of credit
facilities, credit in general must be regarded
as a matter of confidence, and amounts
of certain importance would have to
be secured by collateral. A credit
line maybe considered for USD 350,000. |
No financial information for this
company.
No directors information for this
company
No share capital information for
this company
No group structure information for
this company
Legal Filings: The sources consulted
record no detrimental legal or labor
court information.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.66.99 |
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|
1 |
Rs.101.78 |
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Euro |
1 |
Rs.73.47 |
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US Dollar |
1 |
Rs.67.05 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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KAS |
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Report Prepared
by : |
TRU |
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.