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MIRA
INFORM REPORT
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Report No. : |
493216 |
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Report Date : |
07.03.2018 |
IDENTIFICATION DETAILS
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Name : |
SEAGULL INTERNATIONAL UNIPESSOAL LDA |
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Registered Office : |
Rua De Audian Santa Cruz Nain Feto, Dili |
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Country : |
East Timor |
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Date of Incorporation : |
12.05.2016 |
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Legal Form : |
Private Company with Limited Liability |
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Line of Business : |
Wholesale of pharmaceutical goods. |
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No. of Employees : |
Not available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
C |
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Credit Rating |
Explanation |
Rating Comments |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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East Timor |
C1 |
C1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EAST TIMOR - ECONOMIC OVERVIEW
Since independence in 1999, Timor-Leste has faced great challenges in rebuilding its infrastructure, strengthening the civil administration, and generating jobs for young people entering the work force. The development of offshore oil and gas resources has greatly supplemented government revenues. This technology-intensive industry, however, has done little to create jobs in part because there are no production facilities in Timor-Leste. Gas is currently piped to Australia for processing, but Timor-Leste has expressed interest in developing a domestic processing capacity.
In June 2005, the National Parliament unanimously approved the creation of the Timor-Leste Petroleum Fund to serve as a repository for all petroleum revenues and to preserve the value of Timor-Leste's petroleum wealth for future generations. The Fund held assets of $16 billion, as of mid-2016. Oil accounts for over 90% of government revenues, and the drop in the price of oil in 2014-16 has led to concerns about the long-term sustainability of government spending. Timor-Leste compensated for the decline in price by exporting more oil. The Ministry of Finance maintains that the Petroleum Fund is sufficient to sustain government operations for the foreseeable future.
Annual government budget expenditures increased markedly between 2009 and 2012 but dropped significantly through 2016. Historically, the government failed to spend as much as its budget allowed. The government has focused significant resources on basic infrastructure, including electricity and roads, but limited experience in procurement and infrastructure building has hampered these projects. The underlying economic policy challenge the country faces remains how best to use oil-and-gas wealth to lift the non-oil economy onto a higher growth path and to reduce poverty.
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Source
: CIA |
Company name
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Company name |
SEAGULL INTERNATIONAL UNIPESSOAL LDA |
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Status |
Active |
Summary
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Company name |
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Trading name |
SEAGULL INTERNATIONAL UNIPESSOAL LDA |
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Registered address |
Rua De Audian Santa Cruz Nain Feto, Dili |
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Correspondence address |
Rua De Audian Santa Cruz Nain Feto, Dili |
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Telephone number |
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Fax number |
Unknown |
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Email address |
Unknown |
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Website |
Unknown |
Registration
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Registration number |
Unknown |
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VAT-number |
1203268 |
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Status |
Active |
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Establishment date |
12-05-2016 |
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Legal form |
Private Company with Limited Liability |
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Subscribed share capital |
Unknown |
Activities
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4646
Wholesale of pharmaceutical goods. Core Business: The primary business focus of SEAGULL INTERNATIONAL UNIPESSOAL LDA is Importing - Finished products. Key products include: Antibiotics, Hospital equipment, Medical supplies, Medicines, Surgical instruments. Vitamins. Supplementary Business: In addition to the core business, SEAGULL INTERNATIONAL UNIPESSOAL LDA also is engaged in the following areas of business: Trading - Finished products. |
Relations
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Shareholders |
Unknown |
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Structure |
Subsidiaries/participations: None on record |
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Branches |
No branches on record |
Management
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Not available - According to the corporate statutory laws for this type of Legal Form -Category (Private Company with Limited Liability) in Timor-Leste (East Timor), there is no public disclosure of Directors. |
Employees
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Year |
2017 |
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N/A |
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Bank
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No banker information for this company. |
Payments
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Dishonored Checks, Debt, Civil Litigation, Performance Defaults, Adverse Local Media Coverage / Adverse
Filing History: No Record Found |
Remarks
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It was NOT possible to confirm the operational status Although MINISTRY OF TOURISM, COMMERCE AND INDUSTRY -COMMERCIAL DIVISION (MTCI) is the
official Issuing Authority for Business Licenses in Timor-Leste (East Timor) , public access to statutory
records is limited and hence the unavailability of the License Number. According to the corporate statutory
laws for this type of Legal Form - Category (Private Company with Limited Liability) in Timor-Leste (East
Timor), there is no requirement for Authorized Capital. |
Finances
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Based on the corporate laws of Timor-Leste (East Timor), legal entities which are a Private Company with
Limited Liability are not required to make public disclosure of their annual financials. Therefore no financials
are available for this entity. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.99 |
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1 |
INR 89.91 |
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Euro |
1 |
INR 80.21 |
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USD |
1 |
INR 64.97 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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PRI |
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Report Prepared
by : |
KET |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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
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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.