MIRA INFORM REPORT

 

 

Report No. :

356649

Report Date :

29.12.2015

 

IDENTIFICATION DETAILS

 

Name :

GREENFIELD TEA LTD

 

 

Registered Office :

Suite 102, Blake Building, Corner Eyre & Hutson Street Belize City

 

 

Country :

Belize

 

 

Date of Incorporation :

Not Available

 

 

Legal Form :

Unknown

 

 

Line of Business :

Subject is an International Business Company.

 

 

No. of Employee :

11

 

 

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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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 crude oil, marine products, sugar, citrus, and bananas. 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 and oil exploration continues, but production has fallen in recent years and future oil revenues remain uncertain. Growth slipped to 0% in 2009, due to the global economic slowdown, natural disasters, and a temporary drop in the price of oil, but growth grew to 2.5% in 2014. Although Belize has the third highest per capita income in Central America, the average income figure masks a huge income disparity between rich and poor, and a key government objective remains reducing poverty and inequality with the help of international donors. High unemployment, a growing trade deficit and heavy foreign debt burden continue to be major concerns.

 

Source : CIA

 

 

STATUTORY INFORMATION

 

Legal Name:

GREENFIELD TEA LTD

ID

NA

Date Created:

NA

Date Incorporated:

NA

Legal Address:

Suite 102, Blake Building, Corner Eyre & Hutson Street

Belize City, Belize

Operative Address:

Suite 102, Blake Building, Corner Eyre & Hutson Street

Belize City, Belize

Telephone:

(501) 223-2839

Fax:

(501) 223-3004

Legal Form:

Limited Company

Email:

belize@trinityserv.com  

Registry Office:

Belize

Website:

NA

Manager:

Belize Formation Services Limited

Staff:

11

Activity:

Holding Companies

 

 

BANKS

 

Name

Bank of Belize

 

This information was not verified by the registered agent.

 

 

HISTORY

 

 

We could not find experience data on the subject

 

 

PRINCIPAL ACTIVITY

 

 

Greenfield Tea Ltd  is an International Business Company incorporated in Belize for tax purposes.

The company uses the registrant address but does not carry any operation in the country.

It is not registered in Belize as being a local business company.

It is not listed with the Belize commercial pages.

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

USA

Employees:

11 employees

Payments:

Unknown 

 

 

LOCATION

 

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

 

 

GROUP STRUCTURE AND SUBSIDIARY COMPANIES

 

Listed at the stock exchange:

NO

Capital:

NA

Shareholders

This is a private company. Despite our long search, we could not confirm the major holders.

 

It may be related to:

 

GREENFIELD TEA LIMITED

Company Number 04925178

Status Active Proposal To Strike Off

Incorporation Date

8 October 2003 (about 12 years ago)

Company Type Private Limited Company

Jurisdiction United Kingdom

Registered Address

6TH FLOOR, 25 FARRINGDON STREET

LONDON

EC4A 4AB

United Kingdom

Management:

It is administrated by the registered agent.

 

Belize Formation Services Limited

Suite 102, Blake Building, Corner Eyre

& Hutson Street

Belize City, Belize

 

 

FINANCIAL INFORMATION

 

 

This is a private company which does not make its financial statements public.

 

The following information has been provided by our private sources.

 

 

Turnover

556 000

Cash Flow

Normal

 

 

LEGAL FILINGS

 

 

There are no legal/criminal filings found

 

 

RISK INFORMATION

 

Indebtedness

NA

Payments

Unknown

Cash

NA

ADVISED CREDIT

USD 50 000

 

 

CALL

 

Interviewee

NA

Position

Belize Registry of Companies

Comments

We contacted the Registry. They Confirmed the company is ACTIVE. However, they refused to provide any additional data due to its private nature.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.14

UK Pound

1

Rs.98.69

Euro

1

Rs.72.55

BZD

1

Rs.33.26

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAS

 

 

Report Prepared by :

ANK

 

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.