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Report No. : |
345425 |
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Report Date : |
24.10.2015 |
IDENTIFICATION DETAILS
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Name : |
PINRUI
OVERSEAS LIMITED N.V. |
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Registered Office : |
Wilheminalaan
E Commerce Pavek Vredenberg Curacao |
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Country : |
Netherlands |
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Date of Incorporation : |
27.06.2014 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Subject is an
International Business Company incorporated in Curacao for tax purposes. |
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No. of Employee : |
Not Available |
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 : |
New business |
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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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Netherlands |
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 |
NETHERLANDS- ECONOMIC OVERVIEW
The Netherlands, the sixth-largest economy in the European Union, plays an important role as a European transportation hub, with a persistently high trade surplus, stable industrial relations, and moderate unemployment. Industry focuses on food processing, chemicals, petroleum refining, and electrical machinery. A highly mechanized agricultural sector employs only 2% of the labor force but provides large surpluses for food-processing and underpins the country’s status as the world’s second largest agricultural exporter. The Netherlands is part of the Eurozone, and as such, its monetary policy is controlled by the European Central Bank. The Dutch financial sector is highly concentrated, with four commercial banks possessing over 90% of banking assets. The sector suffered as a result of the global financial crisis and required billions of dollars of government support, but the European Banking Authority completed stringent reviews in 2014 and deemed Dutch banks to be well-capitalized. To address the 2009 and 2010 economic downturns, the government sought to stimulate the domestic economy by accelerating infrastructure programs, offering corporate tax breaks for employers to retain workers, and expanding export credits. The stimulus programs and bank bailouts, however, resulted in a government budget deficit of 5.3% of GDP in 2010 that contrasted sharply with a surplus of 0.7% in 2008. The government of Prime Minister Mark RUTTE has since implemented significant austerity measures to improve public finances and has instituted broad structural reforms in key policy areas, including the labor market, the housing sector, the energy market, and the pension system. As a result, the government budget deficit at the end of 2014 dropped to 1.8% of GDP. Following a protracted recession during which unemployment doubled to 7.4% and household consumption contracted for nearly three consecutive years, the year 2014 saw fragile GDP growth of 0.8 percent and a rise in most economic indicators. Drivers of growth included increased exports and business investments, as well as newly invigorated household consumption.
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Source
: CIA |
STATUTORY INFORMATION
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Legal Name: |
PINRUI OVERSEAS LIMITED N.V. |
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ID |
132942 |
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Date Created: |
2014 |
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Date Incorporated: |
27-Jun-14 |
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Legal Address: |
Wilheminalaan E Commerce Pavek Vredenberg Curacao
Netherland |
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Operative Address: |
Wilheminalaan E Commerce Pavek Vredenberg Curacao
Netherland |
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Telephone: |
(599-9) 737 4557 |
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Fax: |
(599-9) 737 4563 |
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Legal Form: |
Limited Liability Company |
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Email: |
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Registry Office: |
Curacao |
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Website: |
NA |
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Manager: |
CMS Trust N.V. |
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Staff: |
0 |
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Activity: |
IBC |
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BANKS
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Name |
Bank of Curacao |
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This information was not verified by the registered
agent. |
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HISTORY
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We could
not find experience data on the subject |
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PRINCIPAL ACTIVITY
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Pinrui Overseas Ltd NV is an International Business Company
incorporated in Curacao for tax purposes. |
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The company uses the registrant
address but does not carry any operation in the country. |
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It is not registered inCuracao
as being a local business company. |
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It is not listed with
theCuracao commercial pages. |
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Products/Services description: |
The object of the company is to purchase and sell
components of Cathode Ray Tube TC, LCD TC and tablet, parts of home
appiliance, such as, but not limited to, washing machines, regfrigerators and
air conditioners. |
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It employs |
The company does not have any employee in Curacao. |
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Sales are: |
NA |
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Clients: |
NA |
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Competitors: |
NA |
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Suppliers: |
ALOK INDUSTRIES LIMITED |
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China |
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The company imports from |
China |
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The company exports to |
USA |
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Payments: |
NA |
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LOCATION
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Headquarters : |
The company does not operate in the country. It
would use its address for tax purposes. |
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Size: |
NA |
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Property: |
NA |
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Branches: |
NA |
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Business Overview: |
NA |
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GROUP STRUCTURE
AND SUBSIDIARY COMPANIES
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Listed at the stock exchange: |
NO |
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Capital: |
Nominal Capital 1 share(s) with a nominal value of
U.S.A. Dollar 1.00 |
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Shareholders |
This is a private company. Despite our long search,
we could not confirm the major holders. |
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Management: |
It is administrated by the registered agent. |
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CMS Trust N.V. |
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Wilhelminalaan 13 |
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P.O. Box 4762 |
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Curaçao, Netherlands Antilles |
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Phone: (599-9) 737 4557 |
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Fax: (599-9) 737 4563 |
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Email: cms@cmstrust.com |
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Managing Director |
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Name Yiliang Chen |
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Date of birth November 14,
1960 |
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Place of birth Anhui |
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Country of birth China |
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FINANCIAL INFORMATION
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This is a private company which does not make its
financial statements public. |
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Due to the short experience in business, there are
no financial for fiscal year end yet. |
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LEGAL FILINGS
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There
are no legal/criminal filings found |
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FINAL REVIEW
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This is
an International Business Company which does not belong to a company located
in Curacao. |
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It is registered in the island for tax purposes and
does not operate within the country. It is managed by a resident registration
agent. |
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RISK INFORMATION
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Indebtedness |
NA |
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Payments |
Unknown |
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Cash |
NA |
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CALL |
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Interviewee |
NA |
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Position |
Curacao Registry of Companies |
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Comments |
We contacted the Registry but they refused to confirm
information about the company. |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.88 |
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|
1 |
Rs.99.89 |
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Euro |
1 |
Rs.72.06 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
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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 |
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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 |
-- |
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.