MIRA INFORM REPORT

Report No. :	313463
Report Date :	26.03.2015

IDENTIFICATION DETAILS

Name :	PALLADA INTER INC

Registered Office :	C/O Lotus Corporate Services Ltd, 147 Main Street 3a Little Denmark, Po Box 4473road Town, Vg1110, Tortola

Country :	British Virgin Islands

Date of Incorporation :	10.11.2011

Com. Reg. No.:	1680136

Legal Form :	International Business Company

Line of Business :	Offshore company

No. of Employee :	Not Available

RATING & COMMENTS

MIRA’s Rating :

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 :	Offshore 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.

ECGC Country Risk Classification List – December 31, 2014

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

British Virgin Islands

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

BRITISH VIRGIN ISLANDS - ECONOMIC OVERVIEW

The economy, one of the most stable and prosperous in the Caribbean, is highly dependent on tourism generating an estimated 45% of the national income. More than 934,000 tourists, mainly from the US, visited the islands in 2008. In the mid-1980s, the government began offering offshore registration to companies wishing to incorporate in the islands, and incorporation fees now generate substantial revenues. Roughly 400,000 companies were on the offshore registry by yearend 2000. The adoption of a comprehensive insurance law in late 1994, which provides a blanket of confidentiality with regulated statutory gateways for investigation of criminal offenses, made the British Virgin Islands even more attractive to international business. Livestock raising is the most important agricultural activity; poor soils limit the islands' ability to meet domestic food requirements. Because of traditionally close links with the US Virgin Islands, the British Virgin Islands has used the US dollar as its currency since 1959.

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

IDENTIFICATION
Ordered as:	Pallada Inter Inc
Address in the order:	3/A Little Denmark Complex 147 Main Street PO bOX 4473 Road Town Tortola VG 1110
Legal Name:	PALLADA INTER INC
Legal Address	C/O LOTUS CORPORATE SERVICES LTD 147 Main Street 3A Little Denmark PO Box 4473
Postal Town	ROAD TOWN
Post Code	VG1110
Primary Geographic Area	TORTOLA
Country	VG
Location Status	Single Location,Legal Address,
Mailing Address	C/O LOTUS CORPORATE SERVICES LTD 147 Main Street 3A Little Denmark PO Box 4473 Road Town, Tortola, British Virgin Islands
Telephone:	+1-284-494-2936	Registration Number :	1680136
Fax:	+1-284-494-2946	Legal Form:	International Business Company
Email:	N.A.	Registered in:	VG
Website:	N.A.	Date Created:	2011
MANAGERS:	N.A.	Date Incorporated:	November 10, 2011
Staff:	0	Stock:	50 000 shares
SIC Code:	6719	Value:	N.A.
Activity:	Offshore company

DIRECTORS/MANAGEMENT

Management:

It is locally managed by the registered agent mentioned above.

The agent declined to give any information on the subject, who is protected by the law of non disclosure.

NEGATIVE INFORMATION

Legal Filings

The sources consulted record no detrimental legal or labor court information.

SHARE & SHARE CAPITAL INFORMATION

Shareholders - MANAGERS - RELATED COMPANIES
Listed at the stock exchange:
	NO

PAYMENT INFORMATION

PAYMENTS
	made on a 20 days basis - monitored over the last 12 months

GROUP STRUCTURE & AFFILIATED COMPANIES

Shareholders Parent Company(ies):
	The company is owned by foreign shareholders.
RELATED COMPANIES:
	The company may be related to: Pallada International Inc Empire State Building 350 5Th Avenue, Suite 6420 New York, New York 10118 United States https://pallada.com However, the subject being an offshore, the link could not be verified.

FINANCIAL INFORMATION

FINANCIALS - COMMERCIAL TRENDS AND FORECAST
As a private company the subject does not publish any financial statements
However our financial sources could provide us with the following data. Those figures are estimates provided by confidential banking and financial institutions working with the company.
Currency	DATE
USD	2014
Turnover	0
Operating Income	1 900 000
Net Income	1 900 000
Net worth	4 000 000
Bank liabilities	0
The cash flow is	GOOD

FOREIGN EXCHANGE RATES

ADDITIONAL INFORMATION

POLITICAL DATA

ECONOMIC DATA

Form of Government: British overseas territory - Parliamentary system

Economic Risk: Nil

Currency: USD

Branch Situation:Stable

BANKS
Name of the Bank	BARCLAYS BANK
BUSINESS
PRINCIPAL ACTIVITY
	PALLADA INTER INC is an International Business Company / Offshore Company incorporated in the British Virgin Islands for tax purposes.

	However the company does not carry any operation in the British Virgin Islands.

	LINE OF BUSINESS : Finance and investment

	Subject has the following purposes and objects: The principal object is to engage either in the Virgin Islands or abroad, in the purchase, sell, disposal, dealing, transfer, barter, ownership, negotiate, finance, administration to grant guaranties in favor of obligation of third parties with or without mortgage or pledge of the corporation assets, give or borrowing money in loan, giving or taking in commission, mortgage, security, lease, use, usufruct, or receivership, any kind of property, whether real or personal stock or rights, and make and accept all kinds of deals, contracts, operations, business and transactions of lawful commerce.

	The corporation could engage also in fulfilling all activities, contracts, operations, business or transactions allowed by Law to the Corporation.

	In particular it is engaged in financial intermediation operations, participation in overseas companies, shareholdings, overseas investments in general, etc.

	According to informed by subject's resident agent, it is legally registered in the British Virgin Islands, with head offices abroad.
	It means that subject uses the British Virgin Islands territory only as its legal and administrative address, but all its operations are carried out abroad.

	It is under the same condition as many companies that are established in the British Virgin Islands, founded in order to protect their shareholder's investments and, to avail of tax exemption laws in that country.

	Subject's annual business volume is not disclosed by its Resident Agent.
Trade References:
	In virtue of the nature of its business activities its local transactions are seldom. Therefore, commercial sources consulted in the marketplace report that they are unable to establish subject's payment performance and general reputation regarding commitments contracted as same it is UNKNOWN as making use of credit facilities.
The subject employs 0 employee(s)
Comments on staff:
	The subject uses the staff of the registered Agent.
LOCATION
Headquarters
	The Address mentioned above is that of the registered agent:

	LOTUS CORPORATE SERVICES LTD
	147 Main Street 3A Little Denmark
	PO Box 4473
	Road Town Tortola British Virgin Islands

	PHYSICAL ASSET HOLDINGS: No properties in the British Virgin Islands. Possible properties abroad are unknown.
Business Overview:	BVI International Business Companies (IBCs) are the off-shore companies with a great number of advantages, such as:

	1) Exemption from payment of any income tax;
	2) Can conduct most business transactions (except conducting banking and insurance activities and other businesses with residents of the BVI; or to possess real estate in BVI);
	3) Requires a minimum of only one shareholder and one director;
	4) The directors and shareholders can be entities or individuals resident in any country;
	5) The shares can be issued to the bearer or registered;
	6) The Board of Directors can meet in any part of the world and even by telephone;
	7) The payment of minimum capital is not required, and the shares can be issued at par or non par value;
	8) The names of the Directors, Officers and shareholders do not need to be registered in a public record
	9) No need to file annual reports nor tax returns;
	10) Can transfer its domicile and continue existing as a company incorporated under the laws of a jurisdiction outside of BVI; a foreign company can also become a BVI IBC;
	11) Neither the minutes book nor the shares book need to be certified by any authority of BVI;
	12) It is not necessary to carry out Directors or shareholder meetings on a regular basis.
	13) The name of the company must include the word 'Limited', 'Corporation' or 'Incorporation', or the abbreviation 'Ltd.', 'Corp.', 'Inc.' or 'S.A.'. Names in Chinese characters may also be recorded.
	14) It is not necessary to issue shares of the company, unless the Board of directors decides so.
	15) The IBC can be dissolved by resolution of the Board of directors, if no shares have been issued. In case that the shares have been issued, the company must be dissolved through a shareholders resolution.
	16) All the dividends, interest, rents, royalties, compensations and other amounts paid by company established under the IBC Act to persons that are non-residents of BVI are exempt from payment of income tax. The capital gains earned from the sale of whatever shares or other securities of an IBC are also exempt from payment of any tax.

RATING

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

SUMMARY
FINANCIAL SUMMARY		DEBT COLLECTIONS AND PAYMENTS
Profitability	GOOD	Public	NO
Indebtedness	NIL	Payments	Unknown
Cash	GOOD

			ADVISED CREDIT	RATING
			140 000 USD	12/20

NOTES & COMMENTS

Final Opinion

We are reporting upon a finance and investments company which belongs to foreign shareholders. Although it is registered in the British Virgin Islands, it uses such territory only as its legal and administrative address, but all its operations are carried out abroad. It is managed by a resident registration agent and it is unknown in the marketplace, so its commercial morality and general reputation cannot be assessed, although nothing detrimental is noted upon subject. As there are no visible assets, and taking into account also that it is unknown as making use of credit facilities, credit in general must be regarded as a matter of confidence, and amounts of certain importance would have to be secured by collateral.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.34
UK Pound	1	Rs.92.65
Euro	1	Rs.68.12

INFORMATION DETAILS

Analysis Done by :	RAS

Report Prepared by :	ASH

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.