MIRA INFORM REPORT

Report No. :	340885
Report Date :	14.09.2015

IDENTIFICATION DETAILS

Name :	CCJS INTERNATIONAL CO LTD.
Registered Office :	G/F NPF Building, Beach Road, Offshore Chambers, Apia, P. o. Box 217 , Apia
Country :	Samoa
Date of Incorporation :	12.06.2010
Legal Form :	Limited Corporation
Line of Business :	Consultancy Firm
No. of Employees :	2

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 :	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 – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
Samoa	B1	B1

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

SAMOA - ECONOMIC OVERVIEW

The economy of Samoa has traditionally been dependent on development aid, family remittances from overseas, tourism, agriculture, and fishing. It has a nominal GDP of $780 million. Agriculture, including fishing, employs roughly two-thirds of the labor force and furnishes 90% of exports, featuring fish, coconut oil, nonu products, and taro. The manufacturing sector mainly processes agricultural products. One factory in the Foreign Trade Zone employs 1,000 people to make automobile electrical harnesses for an assembly plant in Australia, and is responsible for 65% of total exports. Industry accounts for nearly 15% of GDP while employing less than 6% of the work force. The service sector accounts for nearly three-quarters of GDP and employs approximately 50% of the labor force. Tourism is an expanding sector accounting for 25% of GDP; 132,000 tourists visited the islands in 2013. The country is vulnerable to devastating storms. In late September 2009, an earthquake and the resulting tsunami severely damaged Samoa, and nearby American Samoa, disrupting transportation and power generation, and resulting in about 200 deaths. In December 2012, extensive flooding and wind damage from Tropical Cyclone Evan killed four people, displaced over 6,000, and damaged or destroyed an estimated 1,500 homes in Samoa's Upolu Island. The Samoan Government has called for deregulation of the financial sector, encouragement of investment, and continued fiscal discipline, while at the same time protecting the environment. Foreign reserves are in a relatively healthy state and inflation is low, but the external debt is approximately 55% of GDP. Samoa became the 155th member of the WTO in May 2012, and graduated from least developed country (LDC) status in January 2014.

Source : CIA

Company Name
Registered Name:	CCJS INTERNATIONAL CO LTD.
Requested Name:	CCJS INTERNATIONAL CO LTD.
Other Names:	None
ADDRESS AND TELECOMMUNICATION
Physical Address:	G/F NPF Building, Beach Road,Offshore Chambers, Apia
Postal Address:	P. o. Box 217
	Apia
Country:	Samoa
Phone:	685-21751
Fax:	685-24166
Email:	info@stevensons-offshore.com/ trevor@stevensons-offshore.com
Website:	www.offshore-inc.com
CREDIT OPINION
Financial Index as of December 2013 shows subject firm with a high risk of credit. In the absence of a payment pattern and financial information, we would recommend that all dealings with the subject be on a secured basis.
LEGAL
Legal Form:		Limited Corporation
Date Incorporated:		International Business Company (IBC)
Reg. Number:		12-June-2010
Nominal Capital		Samoa
Subscribed Capital		WST. 100,000
Subscribed Capital is Subscribed in the following form:
		Position	Shares
Information not Availed		Directors
Offshore Incorporations (Samoa) Limited		Trustee/Agent
RELATED COMPANIES
None		Parent company.
None		Subsidiary company.
None		Affiliated company.
None		Shareholder of subject firm.
None		Branches of the firm
OPERATIONS
Consultancy Firm
Imports:		Undisclosed
Exports:		Undisclosed
Trademarks:		None
Terms of sale:		Undisclosed
Main Customers:		None Stated
Employees:		2 employees.
Vehicles:		Undisclosed
Territory of sales:		Samoa
Location:		Undisclosed
AUDITORS AND INSURANCE
Auditors:		Information not available.
Insurance Brokers:		Information not available.
FINANCE
Currency Reported:		Samoan Tala (WST.)
Approx. Ex. Rate:		1 US Dollar = 2.57 Samoan Tala
Fiscal Year End:		December 31, 2014
Inflation:		According to information given by independent sources, the inflation at December 31st, 2014 was of 13%.
Financial Information Submitted		WST.
		Undisclosed
BANK
Bank Name:		Westpac Samoa
Branch:		Samoa
Comments:		None
TRADE REFERENCES
Experiences:		Good
NOTARIAL BONDS None
COMMENTS / ADDITIONAL INFORMATION
This information was obtained from outside sources other than the subject company itself. This Company is an International Business Company (IBC), which is registered in Samoa; It is difficult to investigate such a Company due to the Samoa regulations protecting the non disclosure of the name of the shareholders. According to Samoa business regulation, an International Business Company, is under no obligation to state its directors, officers and shareholders, also it’s under no obligation to file annual returns, prepare or submit company accounts to any authority. The company is incorporated with an agent who is also the legal officer who represents the company. It is difficult to investigate due to the Samoa regulations protecting the non disclosure of the name of the shareholders. The company is incorporated with an agent who is also the legal officer who represents the company. We are reporting an offshore company which belongs to foreign shareholders. Although it is registered in the Samoa 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.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.39
UK Pound	1	Rs.102.59
Euro	1	Rs.74.90

INFORMATION DETAILS

Analysis Done by :	KAS
Report Prepared by :	TPT

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.