MIRA INFORM REPORT

 

 

Report No. :

494121

Report Date :

01.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

TRISTAO INTERNATIONAL SA

 

 

Formerly Known As :

TRISTAO TRADING (PANAMA) S.A.

 

 

Registered Office :

C/O Tristao Services Limited, Ground Floor, St Mary's Court, 20 Hill Street, Douglas, IM1 1EU

 

 

Country :

Isle of man

 

 

Date of Incorporation :

03.03.1997

 

 

Com. Reg. No.:

000567F

 

 

Legal Form :

Foreign Company

 

 

Line of Business :

Wholesale of coffee, tea, cocoa and spices

 

 

No. of Employees :

Less than 10 [2018]

 

 

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 :

Foreign registered 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.

 

 

ISLE OF MAN - ECONOMIC OVERVIEW

 

Financial services, manufacturing, and tourism are key sectors of the economy. The government offers low taxes and other incentives to high-technology companies and financial institutions to locate on the island; this has paid off in expanding employment opportunities in high-income industries. As a result, agriculture and fishing, once the mainstays of the economy, have declined in their contributions to GDP. The Isle of Man also attracts online gambling sites and the film industry. Online gambling sites provided about 10% of the islands income in 2014. The Isle of Man currently enjoys free access to EU markets and trade is mostly with the UK. The Isle of Man’s trade relationship with the EU derives from the United Kingdom’s EU membership and will need to be renegotiated in light of the United Kingdom’s decision to withdraw from the bloc.

 

Source : CIA

 

Company name

 

TRISTAO INTERNATIONAL S/A

 

 

Company Summary

 

Business Name

TRISTAO INTERNATIONAL S/A

Country

ISLE OF MAN

Company Registration Number

000567F

Main Activity Code

4637

Main Activity Description

Wholesale of coffee, tea, cocoa and spices

Company Status

Live (Active)

Latest Turnover Figure

-

Latest Shareholder Equity Figure

-

 

 

Basic Information

 

Business Name

TRISTAO INTERNATIONAL S/A

Registered Company Name

TRISTAO INTERNATIONAL S/A

Company Registration Number

000567F

Country

ISLE OF MAN

Date of Company Registration

1997-03-03

Date of Starting Operations

1997-03-03

Legal Form

Foreign Company

Company Status

Live (Active)

Contact Telephone Number

+44 (1624) 699860

 

 

Main Address

 

Address

Country

Telephone

C/O TRISTAO SERVICES LIMITED, Ground Floor, St Mary's Court, 20 Hill Street, Douglas, IM1 1EU

ISLE OF MAN

+44 (1624) 699860

 

Other Address

No other addresses for this company.                                               

 

 

Previous Address

No previous addresses for this company

 

 

Activities

 

Activity Code

Activity Description

4637

Wholesale of coffee, tea, cocoa and spices

 

 

Email Addresses

No email for this company.

 

 

Web Pages

www.tristao.com (Group)

 

 

Previous Names

 

Previous Name

Date Changed from Previous Name

TRISTAO TRADING (PANAMA) S.A.

1977-03-11

 

 

Employee Information

 

Date Reported

Number of Employees

2018

Less than 10

 

 

Banker Information

No banker information for this company.

 

 

Advisors Information

No advisor information for this company.

 

 

Miscellaneous Information

 

Additional Business Information

Full description: The Subject is engaged in the distribution and sale of coffee. Purchases Local: Brazil; Sales Local: Yes

Additional Payment Information

Purchase Terms Imports: Prepayments Credits 30 days net; Sales Terms Local: Cash Credits 14-30 days Debt Collections / Judgements No negative information was found. Payment Experience/ Payment behaviour: As trade references were not supplied, the Subject's payment track record history CANNOT BE ACCURATELY DETERMINED, but payments are believed to be PROMPT.

Additional Financial Information

Required to file: No; Source: N/A; Comments: The Subject's financial statements were not available in the course of our investigation.

Number of Employees at Address

Less than 10

 

 

Additional Miscellaneous Information

 

Registry authority

Isle of Man Companies Registry

Registry Data

Comments: The Subject's Founding Company was registered for business in Panama on 11-03-1977 under Folio Number 10468.

Board Of Directors / Other Appointments

Comments: The above Board of Directors represents the Subject's Founding Company in Panama.

Share Capital

Comments: As a foreign registered company and not separate legal entity the Subject does not maintain separate share capital. The above is a capital registered by the founding company.

Corporate Affiliations

Name: TRISTAO TRADING (PANAMA), S.A.; Affiliation type: Founding Entity; Address: Tower Financial Center, 16th Floor; 50th Street and Elvira Mendez; Panama City; Panama; Comments: Other companies of the TRISTAO Group should also be considered as affiliates of the Subject.

Property & Assets

Premises: The Subject principally operates from premises located at the heading address, consisting of administrative offices.

Investigative Notes

Sources: Interviews and material provided by the Subject Other official and local business sources

 

 

Financial Information

No financial information for this company.

 

 

Current Directors

 

Name

Gender

Address

Date of Birth

Position

Wayne Dennis Hanscomb

Unknown

 

 

Commercial Director Treasurer

Jonice Siqueira Tristao

Unknown

 

 

President

Peter William Costain

Unknown

 

 

Company Secretary

 

 

Previous Directors

No previous directors for this company.

 

 

Share Capital Structure

 

Nominal Share Capital               1.600.000          USD

Issued Share Capital

 

 

Shareholders

 

Shareholder

Address

% Shares Held

TRISTAO TRADING (PANAMA), S.A

Panama

100

 

 

Ultimate Holding Parent                                                                                               

No Ultimate Holding Parent for this company.

 

 

Immediate Holding Parent                                  

No Immediate Holding Parent for this company.            

 

 

Subsidaries                                                        

No subsidaries for this company.                                  

 

 

Affiliates

 

Name

Status

Registration

Number

Address

TRISTAO (UK) LIMITED

Active

 

PO BOX 146 12 A The Vale Ovingdean, Brighton East Sussex, BN51 9DR

TRISTAO COMPANHIA DE COMERCIO EXTERIOR

Active

 

Rua Clovis Machado, 176 Ed. Conilon - 8° andar Enseada do Sua Vitoria

TRISTAO SERVICES LIMITED

Active

 

Ground Floor St Mary's Court 20 Hill Street Douglas, IM1 1EU

 

 

 

 

Negative Information

Bankruptcy filings; Court judgements; Tax liens; Other:None      


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 65.10

UK Pound

1

INR 90.44

Euro

1

INR 79.59

GBP

1

INR 89.63

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

NIY

 

 

Report Prepared by :

SYL

                                                


 

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.