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Report No. : |
320218 |
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Report Date : |
20.05.2015 |
IDENTIFICATION DETAILS
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Name : |
CALIPSO INVEST CORP |
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Registered Office : |
Trident Chambers, P.O. Box 146Town
Road, VG1110, Tortola |
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Country : |
British Virgin Islands |
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Date of Incorporation : |
05.07.2006 |
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Com. Reg. No.: |
1036534 |
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Legal Form : |
International Business Company |
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Line of Business : |
Not Available [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
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No. of Employee : |
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.
ECGC Country Risk Classification List – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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British Virgin Islands |
A1 |
A1 |
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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 |
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.
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Source
: CIA |
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IDENTIFICATION |
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Legal Name: |
CALIPSO
INVEST CORP |
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Legal Address |
Trident Chambers P.O. Box 146 |
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Postal Town |
Town Road |
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Post Code |
VG1110 |
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Primary Geographic Area |
Tortola |
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Country |
VG |
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Location Status |
Headquarters,Legal Address, |
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Mailing Address |
P.O. Box 146 Road Town Tortola VG1110 British Virgin Islands |
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Telephone: |
1-284-494-2434 |
Registration Number : |
1036534 |
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Fax: |
1-284-494-3754 |
Legal Form: |
International Business Company |
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Email: |
N.A |
Registered in: |
VG |
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Website: |
N.A. |
Date Created: |
2006 |
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MANAGERS: |
N.A. |
Date Incorporated: |
July 5,2006 |
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Staff: |
0 |
Stock: |
50 000 shares |
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SIC Code: |
6719 |
Value: |
N.A. |
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Activity: |
Offshore company |
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Management: |
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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. |
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Legal Filings |
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The
sources consulted record no detrimental legal or labor court information. |
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Public |
NO |
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Shareholders Parent Company(ies): |
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The company is owned by foreign
shareholders. |
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Trade References: |
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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. |
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PAYMENTS |
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made on a 15 days basis - monitored over
the last 12 months |
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Payments |
REGULAR |
N/a
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FINANCIALS - COMMERCIAL TRENDS AND FORECAST |
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As a private company the subject does not
publish any financial statements. |
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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. |
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Currency |
DATE |
|
USD |
2014 |
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Turnover |
0 |
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Operating Income |
3 300 000 |
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Net Income |
3 300 000 |
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Net worth |
38 900 000 |
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Bank liabilities |
0 |
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The cash flow is |
Good |
FINANCIAL
SUMMARY
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|
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Profitability |
CORRECT |
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Indebtedness |
CONTROLLED |
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Cash |
GOOD |
N/a
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GEOPOLITICS - BRITISH VIRGIN ISLANDS |
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: British overseas
territory - Parliamentary system Economic Risk: Nil |
Currency: USD |
BANKS
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Name of the Bank |
BARCLAYS BANK |
BUSINESS
PRINCIPAL ACTIVITY
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Calipso Invest Corp 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. |
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LOCATION
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Headquarters |
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The Address mentioned above is that of the
registered agent: Trident Trust Co. (B.V.I.) Ltd. Trident Chambers P.O. Box 146 Road Town Tortola VG1110 British Virgin Islands Tel#: 1-284-494-2434 Fax#: 1-284-494-3754 PHYSICAL ASSET HOLDINGS: No properties in
the British Virgin Islands. Possible properties abroad are unknown. |
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The subject employs 0 employee(s) |
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Comments on staff: |
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The subject uses the staff of the
registered Agent. |
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.
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Listed at the stock exchange: |
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NO |
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
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.69 |
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|
1 |
Rs.99.73 |
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Euro |
1 |
Rs.71.90 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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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 |
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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 |
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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.