MIRA INFORM REPORT

 

 

Report No. :

498450

Report Date :

23.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

NEW HORIZON EXPLORATION AND PETROLEUM LTD

 

 

Registered Office :

3rd Floor J&C Building P.O. Box 362, Road Town, Tortola

 

 

Country :

British Virgin Islands

 

 

Date of Incorporation :

28.08.2014

 

 

Legal Form :

Limited Company

 

 

Line of Business :

This is an International Business Company (IBC

 

 

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

(30.09.2017)

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:

NEW HORIZON EXPLORATION AND PETROLEUM LTD

Trade Name:

NEW HORIZON EXPLORATION AND PETROLEUM LTD

ID:

1838843

Date Created:

2014

Date Incorporated:

28/08/2014

Legal Address:

3rd Floor J&C Building P.O. Box 362

Road Town, Tortola

British Virgin Islands

Operative Address:

3rd Floor J&C Building P.O. Box 362

Road Town, Tortola

British Virgin Islands

Telephone:

1-284-494-5108

Fax:

1-284-494-4704

Legal Form:

Limited Company

Email:

info@newhavenbvi.net

Registered in:

British Virgin Islands

Website:

www.newhavenbvi.net

Contact:

NEWHAVEN 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 2014.

 

 

PRINCIPAL ACTIVITY

 

 

NEW HORIZON EXPLORATION AND PETROLEUM LTD 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 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 companies:

 

 

NEW HORIZON EXPLORATION AND PRODUCTION LIMITED (NHEPL)

House No. D-198, Block No. 5, KDA Scheme No. 4

Clifton, Karachi 75600

 

 

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:

NEWHAVEN CORPORATE SERVICES (BVI) LIMITED

Mrs. Janice Skelton

3rd Floor J&C Building P.O. Box 362

Road Town, Tortola

British Virgin Islands

TEL: 1-284-494-5108

FAX: 1-284-494-4704

e-mail: info@newhavenbvi.net

website: www.newhavenbvi.net

 

 

FINANCIAL INFORMATION

 

This is a private company which does not make its financial statements public

 

 

 

LEGAL FILINGS 

 

There are no adverse records registered for this company.

 

Transaction History

 

S.No Date

Transaction

Number

Description Status Eforms/Attachments

 

1 28/08/2014 T140593639 Application for Incorporation (BC) Approved Application for Incorporation (BC)

Memorandum and Articles of the

Company

2 28/08/2014 T140593592 Name Reservation (10 days) Approved Name Reservation (10 days)

3 02/09/2015 T150615020

Request for Certificate of

Goodstanding

Approved

Request for Certificate of Good

Standing

4 19/11/2015 T150816739 Annual Fee Submission (BC) Approved Annual Submission

5 25/07/2016 T160502158 Register of Members or Directors Approved Register of Directors

6 23/03/2017 T170445869 Register of Members or Directors Approved Register of Directors

7 08/11/2017 T171206097 Annual Fee Submission (BC) Approved Annual Submission

Certificate History

S.No Transaction No. Type of Certificate Date of Filing

1 T140593639 Certificate of Incorporation (Original) 28/08/2014

2 T150615020 Certificate of Good Standing 02/09/2015

3 T171206097 Certificate of Restoration 08/11/2017

 

 

 

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 65.06

UK Pound

1

INR 92.06

Euro

1

INR 80.37

USD

1

INR 65.00

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)

 

 

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.