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Report No. : |
350454 |
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Report Date : |
26.11.2015 |
IDENTIFICATION DETAILS
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Name : |
FIVE STAR SHIPPING LTD |
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Registered Office : |
Hunkins
Waterfront Plaza, Suite 556, Main Street, Charlestown, Nevis West Indie, Charlestown |
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Country : |
Nevis |
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Date of Incorporation : |
01.01.2003 |
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Legal Form : |
International Business Company |
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Line of Business : |
Activities of head offices |
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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 : |
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.
Business
Name FIVE STAR SHIPPING LTD
Country
SAINT KITTS AND NEVIS
Company
Registration Number N.A.
Main
Activity Code 7010
Main
Activity Description Activities of head offices
Company
Status (Active)
Latest
Turnover Figure --
Latest
Shareholder Equity Figure --
Business
Name FIVE STAR SHIPPING LTD
Registered
Company Name FIVE STAR SHIPPING LTD
Company
Registration Number N.A.
Country
SAINT KITTS AND NEVIS
VAT
Registration Number
VAT
Registration Date
Date
of Company Registration
Date
of Starting Operations 2003-01-01
Commercial
Court
Legal
Form International Business
Company
Type
of Ownership
Company
Status (Active)
Principal
Activity Code
Principal
Activity Description
Contact
Telephone Number +1-869-469-1333 (Registered
Agent)
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Address |
Country |
Telephone |
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Hunkins Waterfront Plaza, Suite 556, Main Street,
Charlestown, Nevis West Indie, Charlestown |
SAINT KITTS AND NEVIS |
+1-869-469-1333 (Registered Agent) |
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Address No other addresses for this company. |
Country |
Telephone |
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Address No other addresses for this company. |
Country |
Activity
Code Activity
Description
7010
Activities
of head offices
No
email for this company.
No
web pages for this company.
Date
Reported Number of Employees
2015 0
Banker
Name Banker
Address Phone
Number
First
Bank
Auditor
Name Solicitor Name
No
advisor information for this company.
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Fax Number |
+1-869-469-0968 (Registered Agent) |
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Export Countries |
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Import Countries |
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Additional
Business Information |
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Additional Rating
Information |
Local credit bureau did not rate this company. The company is in Good Standing. This means that all local and federal taxes were paid on due date. |
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Additional Payment
Information |
Made on a 20 days basis - monitored over the last 12 months |
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Additional
Financial Information |
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: USD Date: 2014
Turnover: 0 Operating Income: 3 180 000 Net Income: 3 180 000 Net worth: 13 600 000 Bank Liabilities: 0 The cash flow is good. Comments on the financial data: The company being an offshore, it was not possible to verify the financial figures with the registered agent. |
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Number of
Employees at Address |
0 |
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Number of
Employees at Group |
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Number of
Employees at Factory |
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Banks (Comments) |
This information could not be verified with the subject company. |
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Principal Activity |
FIVE STAR
SHIPPING LTD is an International Business Company / Offshore Company
incorporated in St. Kitts and Nevis for tax purposes. However the company
does not carry any operation in the St. Kitts and Nevis. It is not registered
with the St. Kitts and Nevis Chamber of Commerce as being a local business.
It is not listed with the St. Kitts and Nevis yellow pages. It is not listed
with the major local credit bureaus. |
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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 subjects payment performance and general reputation regarding commitments
contracted as same it is UNKNOWN as making use of credit facilities. |
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Comments on Staff |
The company does not have any employee in St. Kitts and Nevis. It uses the registered agent staff. |
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Comments on
Location |
The address mentioned above is that of the registered agent Meridian Trust Company Ltd |
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Shareholders Parent
Company(ies) |
The
company is managed by foreign shareholders. Despite our long searches it has
not been possible to identify the shareholders. |
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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. |
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Final Opinion |
We are
reporting an offshore company which belongs to foreign shareholders. Although
it is registered in St. Kitts and Nevis, 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. We recommend a
credit line for the amount of USD 450,000 based on the financial information
received from our banking sources. |
No
financial information for this company.
No
directors information for this company
No
share capital information for this company
No
group structure information for this company
The sources consulted record no detrimental legal or labor court information.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.66.38 |
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1 |
Rs.100.45 |
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Euro |
1 |
Rs.70.55 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
ANK |
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 |
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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.