MIRA INFORM REPORT

Report No. :	305911
Report Date :	09.02.2015

IDENTIFICATION DETAILS

Name :	PINRUI OVERSEAS LIMITED N.V.
Registered Office :	Wilheminalaan E Commerce Pavek Vredenberg Curacao Netherland
Country :	Curacao
Date of Incorporation :	27.06.2014
Legal Form :	Private Company
Line of Business :	· Subject is an International Business Company The object of the subject company is to purchase and sell components of Cathode Ray Tube TC, LCD TC and Tablet, Parts of Home Appliance, such as, but not limited to, Washing Machines, Regfrigerators and Air Conditioners.
No of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

NB

RATING		STATUS	PROPOSED CREDIT LINE
--	NB	New Business	--

Status :	New 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.

Curacao ECONOMIC OVERVIEW

Tourism, petroleum refining, offshore finance, and trade and transport are the mainstays of this small economy, which is closely tied to the outside world. Although GDP grew slightly during the past decade, the island enjoys a high per capita income and a well-developed infrastructure compared with other countries in the region. Curacao has an excellent natural harbor that can accommodate large oil tankers. Venezuelan state oil company PdVSA, under a contract in effect until 2019, leases the single refinery on the island from the government, employing some 1,500 people; most of the oil for the refinery is imported from Venezuela; most of the refined products are exported to the US. Almost all consumer and capital goods are imported, with the US, Brazil, Italy, and Mexico being the major suppliers. The government is attempting to diversify its industry and trade and has signed an Association Agreement with the EU to expand business there. Most of Curacao’s GDP results from services. Curacao has limited natural resources, poor soils, and inadequate water supplies, and budgetary problems complicate reform of the health and education systems. In 2013 the government implemented changes to the sales tax and reformed the public pension and health care systems, including increasing the sales tax from 5% to as high as 9% on some products, raising the age for public pension withdrawals to 65, and requiring citizens to pay higher premiums.

Source : CIA

Company summary

Legal Name:	Pinrui Overseas Limited N.V.
ID	132942
Date Created:	2014
Date Incorporated:	June 27, 2014
Legal Address:	Wilheminalaan E Commerce Pavek Vredenberg Curacao Netherland
Operative Address:	Wilheminalaan E Commerce Pavek Vredenberg Curacao Netherland
Telephone:	(599-9) 737 4557
Fax:	(599-9) 737 4563
Legal Form:	Private Company
Email:	cms@cmstrust.com
Registry Office:	Curacao
Website:	NA
Manager:	CMS Trust N.V.
Staff:	N/A
Activity:	International Business Company
BANKS
Name	Bank of Curacao
	This information was not verified by the registered agent.
HISTORY
	We could not find experience data on the subject
PRINCIPAL ACTIVITY
	Pinrui Overseas Ltd NV is an International Business Company incorporated in Curacao for tax purposes. The company uses the registrant address but does not carry any operation in the country. It is not registered inCuracao as being a local business company. It is not listed with theCuracao commercial pages.
Products/Services description:	The object of the company is to purchase and sell components of Cathode Ray Tube TC, LCD TC and tablet, parts of home appliance, such as, but not limited to, washing machines, regfrigerators and air conditioners.
It employs	The company does not have any employee in Curacao.
Sales are:	NA
Clients:	NA
Competitors:	NA
Suppliers:	NA
The company imports from	NA
The company exports to	USA
Payments:	NA
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:	Nominal Capital 1 share(s) with a nominal value of U.S.A. Dollar 1.00
Shareholders	This is a private company. Despite our long search, we could not confirm the major holders.
Management:	It is administrated by the registered agent.
	CMS Trust N.V. Wilhelminalaan 13 P.O. Box 4762 Curaçao, Netherlands Antilles Phone: (599-9) 737 4557 Fax: (599-9) 737 4563 Email: cms@cmstrust.com
	Managing Director Name Yiliang Chen Date of birth November 14, 1960 Place of birth Anhui Country of birth China
FINANCIAL INFORMATION
	This is a private company which does not make its financial statements public.
	Due to the short experience in business, there are no financial for fiscal year end yet.
LEGAL FILINGS
	There are no legal/criminal filings found
FINAL REVIEW
	This is an International Business Company which does not belong to a company located in Curacao. It is registered in the island for tax purposes and does not operate within the country. It is managed by a resident registration agent.
RISK INFORMATION
Indebtedness	NA
Payments	NA
Cash	NA
ADVISED CREDIT	Guarantees
CALL
Interviewee	NA
Position	Curacao Registry of Companies
Comments	We contacted the Registry but they refused to confirm information about the company.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.74
UK Pound	1	Rs.94.65
Euro	1	Rs.70.79

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	MNL

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%)

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