MIRA INFORM REPORT

Report No. :	483719
Report Date :	03.01.2018

IDENTIFICATION DETAILS

Name :	AMCOR INVESTMENTS LTD
Registered Office :	Elizabeth Ave & Shirley Str. Siut 1, Nassau
Country :	Bahamas
Date of Incorporation :	14.06.2017
Legal Form :	Limited Company
Line of Business :	IBC (International Business Company)
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

Maximum Credit Limits :	USD 50 000
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)
Bahamas	A2	A2

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

BAHAMAS - ECONOMIC OVERVIEW

The Bahamas has the second highest per capital GDP in the English-speaking Caribbean with an economy heavily dependent on tourism and international banking. Tourism accounts for approximately 75-80% of GDP and directly or indirectly employs half of the archipelago's labor force. Financial services constitute the second-most important sector of the Bahamian economy, accounting for about 15% of GDP. Manufacturing and agriculture combined contribute less than 7% of GDP and show little growth, despite government incentives aimed at those sectors. On January 1, 2015, the Government introduced a 7.5% Value Added Tax (VAT) on most goods and services, a measure designed to strengthen the fiscal balance sheet. In August 2016, Moody’s downgraded the Bahamas’ bond and issue ratings to Baa3 from Baa2 with a stable outlook, maintaining that rating in its February 2017 review. In December 2016, S&P downgraded the country to BB+ (speculative grade) from BBB- (investment grade) with a stable outlook based on projections of slow economic growth and the pace of debt accumulation. The Bahamas is the only country in the Western Hemisphere that is not a member of the World Trade Organization.

Source : CIA

STATUTORY INFORMATION
Legal Name:	AMCOR INVESTMENTS LTD
Trade Name:	AMCOR INVESTMENTS LTD
ID:	149074B
Date Created:	2007
Date Incorporated:	14-JUN-2007
Legal Address:	ELIZABETH AVE & SHIRLEY STR. SIUT 1 NASSAU BAHAMAS
Operative Address:	ELIZABETH AVE & SHIRLEY STR. SIUT 1 NASSAU BAHAMAS
Telephone:	NA
Fax:	NA
Legal Form:	Limited Company
Email:	www.consulco.com
Registered in:	Bahamas
Website:	NA
Contact:	CONSULCO INTERNATIONAL LIMITED
Staff:	0
Activity:	IBC (International Business Company)
BANKS Central Bank of The Bahamas (CBB) The company does not make its banking data public
History The company started business in 2007.
PRINCIPAL ACTIVITY
	AMCOR INVESTMENTS LTD is an International Business Company incorporated in Bahamas for tax purposes. The company uses the registrant address but does not carry any operation in the country. It is not registered in Bahamas as being a local business company. It is not listed with the Bahamas commercial pages.
Products/Services description:	Trading, export, wholesale
Brands:	NA
Sales are:	NA
Clients:	NA
Suppliers:	NA
Operations area:	NA
The subject employs	The company does not have any employee in Bahamas.
Payments:	Unknown
LOCATION
Headquarters :	The company does not operate in the country. It would use its address for tax purposes.
Branches:	NA
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders:	This is a private company which does not make its shareholders private.
Management:	Officers: Bassim Enterprises Limited Moscrip Limited Intermediary: CONSULCO INTERNATIONAL LIMITED Emirates Financial Tower (South Tower) Level 5, Office 501-C Dubai International Financial Centre P.O. Box 507051 Dubai, UAE
FINANCIAL INFORMATION
This is a private company which does not make its financials public. There are no financial connected to the subject.
LEGAL FILINGS There are no legal issues regarding the subject
SUMMARY
This is an International Business Company which belongs to a company located in Bahamas. It is registered in Bahamas 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
SUGGESTED CREDIT LINE	USD 50 000
STATUS	Active
INTERVIEW
NAME	NA
POSITION	Agent
COMMENTS	The person contacted refused to confirm data about this company. + 35799261843 (Telephone number corresponds to Cyprus)

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.67
UK Pound	1	INR 86.11
Euro	1	INR 76.59
BSD	1	INR 63.54

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

INFORMATION DETAILS

Analysis Done by :	PRI
Report Prepared by :	NIT

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)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.