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Report No. : |
308974 |
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Report Date : |
20.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
MARITIME
TRADE CORP |
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|
|
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Registered Office : |
89 Nexus Way, Camana Bay,
Grand Cayman, Cayman Islands KY1-9007 |
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Country : |
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Date of Incorporation : |
Not Available |
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Legal Form : |
Offshore Company |
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Line of Business : |
·
Subject is an International Business Company Subject is registered in the
island for tax purposes and does not operate within the country. |
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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 |
|
|
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 : |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Cayman Islands |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
Cayman islands ECONOMIC OVERVIEW
With no direct taxation, the
islands are a thriving offshore financial center. More than 93,000 companies
were registered in the Cayman Islands as of 2008, including almost 300 banks, 800
insurers, and 10,000 mutual funds. A stock exchange was opened in 1997. Tourism
is also a mainstay, accounting for about 70% of GDP and 75% of foreign currency
earnings. The tourist industry is aimed at the luxury market and caters mainly
to visitors from North America. Total tourist arrivals exceeded 1.9 million in
2008, with about half from the US. Nearly 90% of the islands' food and consumer
goods must be imported. The Caymanians enjoy a standard of living comparable to
that of Switzerland.
|
Source
: CIA |
|
Legal Name: |
Maritime Trade Corp |
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ID |
NA |
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Date Created: |
NA |
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Date Incorporated: |
NA |
|
Legal Address: |
89 Nexus Way Camana Bay Grand Cayman Cayman Islands KY1-9007 |
|
Operative Address: |
89 Nexus Way Camana Bay Grand Cayman Cayman Islands KY1-9007 |
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Telephone: |
1 345 949 9876 |
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Fax: |
1 345 949 9877 |
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Legal Form: |
Offshore Company |
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Email: |
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Registry Office: |
Cayman Islands |
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Website: |
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Manager: |
Ogier Fiduciary Services |
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Staff: |
0 |
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Activity: |
Subject is an
International Business Company |
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BANKS |
|
|
Name |
RBC Royal Bank |
|
HISTORY |
|
|
|
We could not find
experience data on the subject |
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PRINCIPAL ACTIVITY |
|
|
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Maritime Trade Corp is an
International Business Company incorporated in Cayman Islandsfor tax
purposes. |
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Products/Services
description: |
NA |
|
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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|
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LOCATION |
|
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Headquarters : |
89 Nexus Way, Camana Bay
KY 9007, Cayman Islands |
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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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|
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GROUP STRUCTURE AND
SUBSIDIARY COMPANIES |
|
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Listed at the stock
exchange: |
NO |
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Capital: |
NA |
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Shareholders |
This is a company located in the Island for
tax purposes with foreign shareholders. The company may be related to: Capital Maritime &
Trading Corp 3, Iassonos Street Piraeus Athens, 18537 Greece |
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Management: |
|
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Ogier Fiduciary Services 89 Nexus Way Camana Bay Grand Cayman Cayman Islands KY1-9007 Tel: +1 345 949 9876 Fax: +1 345 949 9877 |
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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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Revenue |
3 700 000 |
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Net Income |
2 100 000 |
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Net Worth |
120 000 |
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Liabilities |
0 |
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Cash Flow |
Normal |
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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 Cayman
Islands. 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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|
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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 |
|
Position |
Cayman Islands 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.62.25 |
|
UK Pound |
1 |
Rs.95.57 |
|
Euro |
1 |
Rs.71.01 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.