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Report No. : |
303299 |
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Report Date : |
23.01.2015 |
IDENTIFICATION DETAILS
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Name : |
SEASHORE INVESTMENT CORPORATION |
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Registered Office : |
80 Broad Street Monrovia |
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Country : |
Liberia |
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Date of Incorporation : |
10.06.2007 |
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Legal Form : |
International Business
Company (IBC) |
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Line of Business : |
Providing Shipping
Company |
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No. of Employee : |
2 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
Liberia |
B2 |
B2 |
|
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 |
LIBERIA - ECONOMIC OVERVIEW
Liberia is a low income country that relies heavily on foreign assistance. Civil war and government mismanagement destroyed much of Liberia's economy, especially the infrastructure in and around the capital, Monrovia. Many businesses fled the country, taking capital and expertise with them, but with the conclusion of fighting and the installation of a democratically elected government in 2006, several have returned. Liberia is richly endowed with water, mineral resources, forests, and a climate favorable to agriculture, and iron ore and rubber have driven growth in recent years. Liberia is also reviving its raw timber sector and is encouraging oil exploration. President JOHNSON SIRLEAF, a Harvard-educated banker and administrator, has taken steps to reduce corruption, build support from international donors, and encourage private investment. Rebuilding infrastructure and raising incomes will depend on financial and technical assistance from donor countries and foreign investment in key sectors, such as infrastructure and power generation. The country achieved high growth during 2010-13 due to favorable world prices for its commodities. In the future, growth will depend on global commodity prices, on sustained foreign aid, trade, investment, and remittances, on the development of infrastructure and institutions, but mostly on maintaining political stability and security.
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Source
: CIA |
Company NAME
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||
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Registered Name: |
SEASHORE
INVESTMENT CORPORATION |
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Requested Name: |
SEASHORE INVESTMENT CORPORATION |
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Other Names: |
None |
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ADDRESS AND TELECOMMUNICATION
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Physical Address: |
80
Broad Street |
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Monrovia |
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Country: |
Liberia |
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Phone: |
231-77000400 |
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Fax: |
231-77000422 |
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Email: |
corporate@liscr.com |
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Website: |
www.liberiancorporations.com |
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LEGAL
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Legal Form: |
International Business
Company (IBC) |
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Date Incorporated: |
10-June-2007 |
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Reg. Number: |
Liberia |
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Nominal Capital |
LRD.
1,000,000 |
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Subscribed Capital is Subscribed in the following form: |
||
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Position |
Shares |
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Undisclosed |
Director |
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The LISCR Trust Company |
Agent |
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RELATED
COMPANIES
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None |
Parent company. |
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None |
Subsidiary company. |
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None |
Affiliated company. |
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None |
Shareholder of subject
firm. |
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None |
Branches of the firm |
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OPERATIONS
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Shipping Company |
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Imports: |
Undisclosed |
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Exports: |
Undisclosed |
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Trademarks: |
None |
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Terms of sale: |
Undisclosed |
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Main Customers: |
Undisclosed |
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Employees: |
2 employees. |
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Vehicles: |
Undisclosed |
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Territory of sales: |
Liberia |
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Location: |
Undisclosed |
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AUDITORS AND INSURANCE
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Auditors: |
Information not
available. |
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Insurance Brokers: |
Information not
available. |
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FINANCE
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Currency Reported: |
Liberian Dollar (LRD.) |
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Approx. Ex. Rate: |
1 US Dollar = 84.59
Liberian Dollar |
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Fiscal Year End:
|
December 31, 2014 |
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Inflation: |
According to information given by independent sources, the inflation
at December 31st, 2014 was of 13%. |
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|
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Financial Information not
Submitted |
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BANK
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Bank Name: |
Liberian
Bank for Development and Investment |
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Branch: |
Liberia |
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Comments: |
None |
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COMMENTS
/ ADDITIONAL INFORMATION
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This information was obtained from outside sources other than the
subject company itself. This Company is an International Business Company (IBC), which is registered
in Liberia; According to the Liberian statutory law, The LISCR Trust Company
(“the Registered Agent”) acts as the exclusive Registered Agent for all
Liberian non-resident corporate entities.It is difficult to investigate such
a Company due to the Liberian regulations protecting the non-disclosure of
the name of the shareholders. According to Liberian business regulation, an International Business
Company, is under no obligation to state its directors, officers and
shareholders, also it’s under no obligation to file annual returns, prepare
or submit company accounts to any authority. |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.69 |
|
|
1 |
Rs. 93.32 |
|
Euro |
1 |
Rs. 71.48 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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|
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Report Prepared
by : |
ASH |
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 |
|
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 |
|
<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.