|
|
|
MIRA INFORM REPORT
|
Report No. : |
490838 |
|
Report Date : |
10.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
PETROLEUM EXPORT VI LIMITED |
|
|
|
|
Registered Office : |
PO Box 1093, Boundary Hall, Cricket Square, Grand Cayman KY1-1102 |
|
|
|
|
Country : |
Cayman Islands |
|
|
|
|
Date of Incorporation : |
03.12.2014 |
|
|
|
|
Legal Form : |
Company: Exempt |
|
|
|
|
Line of Business : |
Subject is an International Business Company incorporated in Cayman
Islands for tax purposes. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
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 (30.06.2017) |
Current Rating (30.09.2017) |
|
Cayman 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 |
CAYMAN ISLANDS - ECONOMIC OVERVIEW
With no direct taxation, the islands are a thriving offshore financial
center. More than 93,000 companies were registered in the Cayman Islands as of 2008,
including almost 300 banks, 800 insurers, and 10,000 mutual funds. A stock
exchange was opened in 1997. Nearly 90% of the islands' food and consumer goods
must be imported. The Caymanians enjoy a standard of living comparable to that
of Switzerland.
Tourism is also a mainstay, accounting for about 70% of GDP and 75% of
foreign currency earnings. The tourist industry is aimed at the luxury market
and caters mainly to visitors from North America. Total tourist arrivals
exceeded 1.9 million in 2008, with about half from the US.
|
Source
: CIA |
STATUTORY
INFORMATION
|
|
|
Legal Name: |
PETROLEUM EXPORT VI LIMITED |
|
ID |
294300 |
|
Date Created: |
2014 |
|
Date Incorporated: |
03 Dec 2014 |
|
Legal Address: |
PO Box 1093 Boundary Hall, Cricket Square Grand Cayman KY1-1102 Cayman Islands |
|
Operative Address: |
PO Box 1093 Boundary Hall, Cricket Square Grand Cayman KY1-1102 Cayman Islands |
|
Telephone: |
1 345 945 7099 |
|
Fax: |
1 345 945 7100 |
|
Legal Form: |
Company: Exempt |
|
Email: |
NA |
|
Registry Office: |
Cayman Islands |
|
Website: |
www.maplesfs.com |
|
Manager: |
MAPLES CORPORATE SERVICES LIMITED |
|
Staff: |
0 |
|
Activity: |
IBC (International Business Company) NAICS 1: Offices of Other Holding Companies SIC 1: Investment Holding Companies, Except Banks |
|
|
|
BANKS
|
|
|
Name |
Arab African International Bank/Arab Bank Bahrain/Arab Bank Egypt/HSBC
Egypt/National Bank Of Egypt |
|
|
Loan Issuer: Egyptian General Petroleum Corporation (EGPC) Amount estimated: USD 1.4 billion To: Petroleum Export VI Limited (PEL VI) for the financing of 78 oil
shipments, comprising 47 crude oil shipments and 31 NAFTA shipments. |
|
|
|
HISTORY
|
|
|
|
The company was incorporated in 2014 |
|
|
|
PRINCIPAL
ACTIVITY
|
|
|
|
PETROLEUM EXPORT VI LIMITED is an International Business Company
incorporated in CAYMAN ISLANDS for tax purposes. The company uses the registrant address but does not carry any
operation in the country. It is not registered in CAYMAN ISLANDS as being a local business
company. It is not listed with the CAYMAN ISLANDS commercial pages. |
|
Products/Services description: |
NA |
|
Sales are: |
NA |
|
Clients: |
NA |
|
Payments: |
Unknown |
|
Suppliers: |
NA |
|
It employs |
The company does not have any employee in BRITISH VIRGIN ISLANDS. |
|
|
|
LOCATION
|
|
|
Headquarters : |
The company does not operate in the country. It would use its address
for tax purposes. |
|
Branches: |
NA |
|
Related Companies: |
PETROLEUM EXPORT III LIMITED
PETROLEUM EXPORT LIMITED
PETROLEUM EXPORT V LIMITED
PETROLEUM EXPORT IV LIMITED
PETROLEUM EXPORT II LIMITED |
|
|
|
GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
|
|
|
Listed at the stock exchange: |
NO |
|
Capital: |
NA |
|
Shareholders |
The company is owned by foreign shareholders. Shareholders information
is not public. |
|
Management: |
MAPLES CORPORATE SERVICES LIMITED PO Box 1093 Boundary Hall, Cricket Square Grand Cayman KY1-1102 Cayman Islands Tel: +1 345 945 7099 Fax: +1 345 945 7100 |
|
|
|
FINANCIAL
INFORMATION
|
|
|
|
The company does not make its financial
statements public. |
|
|
|
LEGAL
FILINGS
|
|
|
|
|
|
|
There are no legal/criminal filings found |
|
|
|
FINAL
REVIEW
|
|
|
|
This is an International Business Company which belongs to a company
located in BRITISH VIRGIN ISLANDS. It is registered in CAYMAN ISLANDS for tax purposes and does not
operate within the country. It is managed by a resident registration agent. |
|
|
|
RISK
INFORMATION
|
|
|
Indebtedness |
Controlled |
|
Payments |
Unknown |
|
Cash |
Normal |
|
|
|
|
CALL |
|
|
Interviewee |
NA |
|
Position |
Agent |
|
Comments |
He refused to confirm any data for privacy reasons and requested to receive
inquiry via e-mail. We sent an e-mail and we will inform in case we receive his response. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.37 |
|
|
1 |
INR 89.71 |
|
Euro |
1 |
INR 78.89 |
|
KYD |
1 |
INR 77.03 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
TPT |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.