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Report No. : |
306675 |
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Report Date : |
10.02.2015 |
IDENTIFICATION DETAILS
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Name : |
ENTERPRISE EMERGING
MARKETS FUND B.V. |
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Registered Office : |
Pareraweg 45 Amicorp
Building, P.O. Box 4914, Curaçao, Netherlands Antilles |
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Country : |
Curacao |
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Date of Incorporation : |
08.09.1998 |
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Legal Form : |
Private Limited Liability
Company |
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Line of Business : |
·
Subject is an International Business Company incorporated in Curacao
for tax purposes. ·
Subject is specialized in Investment Management Services. |
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No of Employees : |
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.
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.
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Source
: CIA |
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Legal Name: |
Enterprise Emerging Markets Fund B.V. |
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ID |
79769 |
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Date Created: |
1998 |
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Date Incorporated: |
September 8, 1998 |
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Legal Address: |
Netherlands Antilles
Curaçao Willemstad. Address: Pareraweg 45 Amicorp Building, P.O. Box 4914,
Curaçao, Netherlands Antilles |
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Operative Address: |
Netherlands Antilles
Curaçao Willemstad. Address: Pareraweg 45 Amicorp Building, P.O. Box 4914,
Curaçao, Netherlands Antilles |
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Telephone: |
Tel.: +599-9 434 3500 |
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Fax: |
Fax.: +599-9 434 3533 |
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Legal Form: |
Private Limited Liability
Company |
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Email: |
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Registry Office: |
Curacao |
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Website: |
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Manager: |
Amicorp Curacao NV |
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Staff: |
0 |
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Activity: |
International Business
Company |
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BANKS |
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Name |
FIRST CARIBBEAN
INTERNATIONAL BANK (Curacao) NV De Ruyterkade 61 P.O. Box 3144 Willemstad Curacao |
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HISTORY |
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We could not find
experience data on the subject |
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PRINCIPAL ACTIVITY |
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Enterprise Emerging Markets Fund is an International Business Company
incorporated in Curacao for tax purposes. The achievements of the fund are linked with
supporting close collaboration with vendors as an essential business formula
for successful investment and effective business processes. The investment manager seeks to identify assets,
which at present are not widely traded, and for which no large or established
market exists, or which are priced at a levels which, in the opinion of the
Investment Manager, undervalues the relevant assets. Such assets may be the
subject of future restructuring or renegotiation, which in the opinion of the
investment manager will result in the upward revaluation of these assets. |
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Products/Services
description: |
The
objective of the fund is to provide investors with superior absolute returns
by investing primarily inequity and debt obligations in emerging markets.
Leverage cannot be utilized within the fund. |
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It employs |
The company does not have
any employee in Curacao. |
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Sales are: |
NA |
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Clients: |
NA |
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Competitors: |
NA |
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Suppliers: |
NA |
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The company imports from |
NA |
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The company exports to |
USA |
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Payments: |
Unknown |
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LOCATION |
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Headquarters : |
Netherlands Antilles Curaçao Willemstad. Address: Pareraweg
45 Amicorp Building, P.O. Box 4914, Curaçao, Netherlands Antilles |
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Size: |
NA |
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Property: |
NA |
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Branches: |
NA |
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Business Overview: |
NA |
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GROUP STRUCTURE AND
SUBSIDIARY COMPANIES |
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Listed at the stock
exchange: |
NO |
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Capital: |
358 share(s) with a
nominal value of U.S.A. Dollar 0.01 100 share(s) with a
nominal value of U.S.A. Dollar 1.00 |
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Shareholders |
BOARD OF DIRECTORS ·
Sudamco Management Services N.V ·
Pares Management B.V |
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Management: |
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H.C. (Erik) Groeneveld is
a director of Sudamco Management Services N.V. (established in Curacao,
D.W.I. on June 21, 1994). Erik is a graduate from the Utrecht School of
Business in the Netherlands. Erik started his professional career with Arthur
Andersen in its Amsterdam office and transferred to Curacao in January of
1989 to set up an Arthur Andersen office in Curacao. In the first half of
2002, the Arthur Andersen office Curacao was taken over by Ernst & Young. Denis Muys is the owner
of Pares Management BV, an independent fund director incorporated in Curaçao. |
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FINANCIAL INFORMATION |
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This is a private company
which does not make its financial statements public. |
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FINANCIAL FIGURES USD 2013 |
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Net Income |
114 000 |
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Total Equity |
1 669 525 400 |
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Revenue |
16 754 000 |
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LEGAL FILINGS |
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There are no
legal/criminal filings found |
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FINAL REVIEW |
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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. |
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RISK INFORMATION |
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Indebtedness |
Controlled |
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Payments |
Unknown |
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Cash |
Good |
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CALL |
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Interviewee |
NA |
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Position |
Curacao Registry of
Companies |
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Comments |
We contacted the Registry
but they refused to confirm information about the company. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.14 |
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UK Pound |
1 |
Rs.94.79 |
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Euro |
1 |
Rs.70.38 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
MNL |
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 |
-- |
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.