MIRA INFORM REPORT

Report No. :	501579
Report Date :	09.04.2018

IDENTIFICATION DETAILS

Name :	CITY LOGISTICS LIMITED
Registered Office :	171 Main Street, Road Town,Tortola Vg1 110
Country :	British Virgin Islands
Date of Incorporation :	Not Available
Legal Form :	Limited Company
Line of Business :	Subject is an International Business Company incorporated in British Virgin Islands for tax purposes.
No. of Employees :	Not Available

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

C

Credit Rating	Explanation	Rating Comments
C	Medium High Risk	Business dealings permissible preferably on secured basis

Status :	International Business 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

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
British Virgin Islands	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	D

BRITISH VIRGIN ISLANDS - ECONOMIC OVERVIEW

The economy, one of the most stable and prosperous in the Caribbean, is highly dependent on tourism, which generates an estimated 45% of the national income. More than 934,000 tourists, mainly from the US, visited the islands in 2008. Because of traditionally close links with the US Virgin Islands, the British Virgin Islands has used the US dollar as its currency since 1959.

Livestock raising is the most important agricultural activity; poor soils limit the islands' ability to meet domestic food requirements.

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.

Source : CIA

STATUTORY INFORMATION

Legal Name:	CITY LOGISTICS LIMITED
Trade Name:	CITY LOGISTICS LIMITED
ID:	1776724
Date Created:	NA
Date Incorporated:	NA
Legal Address:	171 Main Street, Road Town, Tortola Vg1 110, British Virgin Islands
Operative Address:	171 Main Street, Road Town, Tortola Vg1 110, British Virgin Islands
Telephone:	1 284 394 9191
Fax:	1 284 346 4646
Legal Form:	Limited Company
Email:	bvi@intertrustgroup.com
Registered in:	British Virgin Islands
Website:	www.intertrustgroup.com
Contact:	INTERTRUST CORPORATE SERVICES (BVI) LIMITED
Staff:	0
Activity:	This is an International Business Company (IBC)
BANKS	British Virgin Islands Bank
	This information was not verified by the registered agent.
HISTORY
	The Company was incorporated in BVI in.
PRINCIPAL ACTIVITY
CITY LOGISTICS LIMITED is an International Business Company incorporated in British Virgin Islands for tax purposes. The company uses the registrant address but does not carry any operation in the country. It is not registered in British Virgin Islands as being a local business company. It is not listed with the British Virgin Islands commercial pages.
Products/Services description:	NA
Sales are:	Wholesale
Clients:	NA
Brands:	NA
Suppliers:	NA
Operations area:	NA
The company imports from	NA
The company exports to	NA
The subject employs	The company does not have any employee in British Virgin Islands.
Payments:	Unknown
LOCATION
Headquarters :	The company does not operate in the country. It would use its address for tax purposes.
Branches:	NA
Possible related compa	City Logistics Ltd Unit D, G/F, 760-762 Cheung Sha Wan Rd, Kownloon, Hong Kong //not confirmed//
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Authorized Capital:	NA
Shareholders %:	The company is owned by foreign shareholders. Shareholders information is not public.
Management:	INTERTRUST CORPORATE SERVICES (BVI) LIMITED 171 Main Street, Road Town, Tortola Vg1 110, British Virgin Islands
FINANCIAL INFORMATION
This is a private company which does not make its financial statements public
LEGAL FILINGS
There are no adverse registered for this company.
SUMMARY
This is an International Business Company which belongs to a company located in British Virgin Islands. It is registered in British Virgin Islands for tax purposes and does not operate within the country. It is managed by a resident registration agent.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	Unknown
CASH FLOW	Normal
STATUS	Active
INTERVIEW
NAME	Registry
POSITION	Registrar
COMMENTS	The person contacted refused to confirm data about this company.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 65.99
UK Pound	1	INR 90.96
Euro	1	INR 79.51
US Dollar	1	INR 64.88

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	PRI
Report Prepared by :	TRU

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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.