MIRA INFORM REPORT

 

 

Report No. :

304481

Report Date :

24.01.2015

 

IDENTIFICATION DETAILS

 

Name :

FALCON COMMODITIES LTD

 

 

Registered Office :

P o Box 286, 19/21 Circular Road, Douglas,  Im99 3jn

 

 

Country :

Isle of Man

 

 

Date of Incorporation :

07.02.2008

 

 

Com. Reg. No.:

002263V

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Engaged in Import Fair Trade, Organic & Green Coffee Beans

 

[We tried to confirm / obtain the detailed activity but the same is not available from any sources.]

 

 

No of Employees :

Not Available

 

[We tried to confirm the number of employees but no one is ready to part any information from the company management.]

 

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 :

Moderate

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.

 

 

Isle of man ECONOMIC OVERVIEW

 

Offshore banking, manufacturing, and tourism are key sectors of the economy. The government offers low taxes and other incentives to high-technology companies and financial institutions to locate on the island; this has paid off in expanding employment opportunities in high-income industries. As a result, agriculture and fishing, once the mainstays of the economy, have declined in their contributions to GDP. The Isle of Man also attracts online gambling sites and the film industry. Trade is mostly with the UK. In January 2013, the Isle of Man signed a tax agreement with Guernsey and Jersey, in order to enable the islands' authorities to end tax avoidance and evasion. The Isle of Man enjoys free access to EU markets.

 

Source : CIA

 

 

Company name & address

 

Report On

Falcon Commodities Ltd

Registered Office

PO BOX 286, 19/21 CIRCULAR ROAD, DOUGLAS,

IM99 3JN

Tel

No Listing

 

 

COMPANY information

 

Status

Active

Company Type

Private Limited

Foundation

07/02/2008

Previous Names

-

Registered Number

002263V

VAT Registered No

N/A

Principle Shareholders

Not Required to be filed

Issued Capital

Not Required to be filed

Current Directors

 

Name

Amy Jade Bromley

Address

33 Croit Ny Glionney, Glen Road, Arbory, Isle of Man, IM9 4PP

Occupation

Nationality

Name

Ashley Andrew Dougal

Address

Bramble Brae, New Road, Laxey, Isle of Man, IM4 7HS

Occupation

Nationality

Name

Adrian Lyle Hobbs

Address

4, De Wilde Gans, Silverhurst Estate, Constania, Cape Town, South Africa, 7806

Occupation

Nationality

 

 

 

 

Company Secretary

 

Name

Onyx Secretaries Limited

Address

PO BOX 286, 19/21 CIRCULAR ROAD, DOUGLAS,

IM99 3JN

Registered Agent

ONYX MANAGEMENT LIMITED

Principal Activities

Engaged in Import Fair Trade, Organic & Green Coffee Beans

Branches

N/A

Trading Address you give

( Not Confirmed )

1st Floor Baltic House, Station Road, Ballasalle. Isle of Man IM9 2AE

Date of Latest Accounts

N/A

Date of Latest Returns

07.02.2014

Annual Sales

-

Mortgage Charges                            None

 

Remarks

The company was not possible to locate and the address given appears to be an accommodation listing for over 20 companies.

 

No further information is required to be disclosed

Bankers

N/A

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.50

UK Pound

1

Rs.92.16

Euro

1

Rs.69.62

 

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%)

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.