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MIRA INFORM REPORT
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Report No. : |
498445 |
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Report Date : |
24.03.2018 |
IDENTIFICATION DETAILS
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Name : |
TARIQUE LIMITED |
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Registered Office : |
5-9 Main Street Gibraltar GX11 1AA |
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Country : |
Gibraltar |
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Financials (as on) : |
December 2016 |
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Date of Incorporation : |
25.10.2011 |
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Com. Reg. No.: |
106780 |
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Legal Form : |
Private Company Limited By Shares |
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Line of Business : |
Activities of holding companies |
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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 : |
Activity of Holding company |
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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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Gibraltar |
A1 |
A1 |
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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 |
GIBRALTAR - ECONOMIC
OVERVIEW
Self-sufficient Gibraltar benefits from an extensive shipping trade, offshore banking, and its position as an international conference center. Tax rates are low to attract foreign investment. The British military presence has been sharply reduced and now contributes about 7% to the local economy, compared with 60% in 1984. In recent years, Gibraltar has seen major structural change from a public to a private sector economy, but changes in government spending still have a major impact on the level of employment.
The financial sector, tourism (over 11 million visitors in 2012), gaming revenues, shipping services fees, and duties on consumer goods also generate revenue. The financial sector, tourism, and the shipping sector contribute 30%, 30%, and 25%, respectively, of GDP. Telecommunications, e-commerce, and e-gaming account for the remaining 15%
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Source
: CIA |
Company Summary
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Business Name |
TARIQUE LIMITED |
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Country |
GIBRALTAR |
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Company Registration Number |
106780 |
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Main Activity Code |
6420 |
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Main Activity Description |
Activities of holding companies |
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Company Status |
Live (Active) |
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Latest Turnover Figure |
-80.290.376 |
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Latest Shareholder Equity Figure |
659.552.347 |
Basic Information
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Business Name |
TARIQUE LIMITED |
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Registered Company Name |
TARIQUE LIMITED |
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Company Registration Number |
106780 |
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Country |
GIBRALTAR |
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Date of Company Registration |
2011-10-25 |
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Date of Starting Operations |
2011-10-25 |
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Legal Form |
Private Company Limited By Shares |
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Company Status |
Live (Active) |
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Contact Telephone Number |
N/A |
Main
Address
|
Address |
Country |
Telephone |
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5-9 Main Street Gibraltar GX11 1AA |
GIBRALTAR |
N/A |
Other Address
No other addresses for this company.
Previous Address
No previous addresses for this company
Activities
|
Activity Code Activity Description |
|
6420 Activities of holding companies |
Email
Addresses
No email for this company.
Web
Pages
No web pages for this company.
Employee
Information
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Date Reported Number of Employees |
|
2018 Undetermined |
Banker
Information
No banker information for this company.
Advisors Information
Auditor Name
AMS LIMITED
Miscellaneous Information
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Fax Number |
N/A |
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Export Countries |
|
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Import Countries |
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Additional Business Information |
The Subject is an investment holding
company. Principal activity of the group includes holding of assets with a
view of accumulating income and appreciating value of assets. Assets include
financial assets, investments
and aircrafts |
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Additional Rating Information |
More caution advisable when
considering granting credit. Smaller credits plus guarantees an advantage. A
strict credit control policy applies. |
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Additional Payment Information |
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Additional Financial Information |
Financial
statement were prepared as on 2016-12-31, 2015-12-31, 2014-12-31, Required to
file: Yes Source: Commercial Registry Filings |
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Number of Employees at Address |
Undetermined |
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Number of Employees at Group |
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Number of Employees at Factory |
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Additional Miscellaneous Information
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Remarks |
The Subject is not registered as a phone/fax user locally. Hence, we are unable to precisely determine the given address. |
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Main Activities |
Investment holding company. |
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Registry authority |
Companies House Gibraltar |
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Other Registry |
GICO.106780-40 |
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Auditor |
AMS LIMITED Gibraltar |
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Share Capital |
Authorised: EUR 2,000 Number/type: 2,000 ordinary shares Share value: EUR 1 Issued: EUR 2,000 Paid-up: EUR 2,000 |
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Property & Assets |
No details of the Company's facilities could be found. |
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Debt Collections / Judgements |
No negative information was found. |
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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. |
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Investigative Notes |
Official and local business sources |
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Attachments |
Financial statements Financial ratios |
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Sales Turnover |
Consolidated 12 months, 31-12-2015 |
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Board Of Directors / Other Appointments |
1. Name: ABACUS SERVICES (GIBRALTAR) LIMITED, Board function: Director, Date appointed: 07-01-2014, Address: 5-9 Main Street, Gibraltar GX11 1AA, Gibraltar. 2. Name: ABACUS SECRETARIES (GIBRALTAR) LIMITED, Board function: Company Secretary, Date appointed: 07-01-2014, Address: 5-9 Main Street, Gibraltar GX11 1AA, Gibraltar. |
Financial
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Financial Year |
2016-12 |
2015-12 |
2014-12 |
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Number of Weeks |
52 |
52 |
52 |
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Currency |
USD |
USD |
USD |
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Consolidated Accounts |
No |
Yes |
Yes |
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Profit and Loss |
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Revenue |
- |
-80.290.376 |
100.387.381 |
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Operating Costs |
- |
15.876.066 |
-34.206.934 |
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Operating Profit |
- |
-96.166.442 |
- |
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Wages & Salaries |
- |
- |
- |
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Pension Costs |
- |
- |
- |
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Depreciation |
- |
- |
- |
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Amortisation |
- |
- |
- |
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Financial Income |
- |
19.604.222 |
3.554.650 |
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Financial Expenses |
- |
1.015.151 |
4.993.434 |
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Extraordinary Income |
- |
- |
- |
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Extraordinary Costs |
- |
- |
- |
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Profit before Tax |
- |
-77.577.371 |
-116.478.949 |
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Tax |
- |
- |
- |
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Profit after Tax |
- |
-77.577.371 |
-116.478.949 |
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Dividends |
- |
- |
- |
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Minority Interests |
- |
- |
- |
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Other Appropriations |
- |
- |
- |
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Retained Profit |
- |
-77.577.371 |
-116.478.949 |
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Balance Sheet |
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Land & Buildings |
0 |
0 |
0 |
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Plant & Machinery |
0 |
0 |
0 |
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Other Tangible Assets |
0 |
16.410.782 |
17.472.066 |
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Total Tangible Assets |
0 |
16.410.782 |
17.472.066 |
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Goodwill |
0 |
0 |
0 |
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Other Intangible Assets |
0 |
0 |
0 |
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Total Intangible Assets |
0 |
0 |
0 |
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Investments |
659.552.347 |
40.828.704 |
40.828.704 |
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Loans to Group |
0 |
0 |
0 |
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Other Loans |
0 |
0 |
0 |
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Miscellaneous Fixed Assets |
0 |
9.450 |
9.450 |
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Total Other Fixed Assets |
659.552.347 |
40.838.154 |
40.838.154 |
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Total Fixed Assets |
659.552.347 |
57.248.936 |
58.310.220 |
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Raw Materials |
0 |
0 |
0 |
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Work in Progress |
0 |
0 |
0 |
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Finished Goods |
0 |
0 |
0 |
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Other Inventories |
0 |
0 |
0 |
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Total Inventories |
0 |
0 |
0 |
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Trade Receivables |
0 |
60.179.989 |
0 |
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Group Receivables |
0 |
0 |
0 |
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Receivables Due after 1 year |
0 |
0 |
0 |
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Miscellaneous Receivables |
0 |
0 |
0 |
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Total Receivables |
0 |
60.179.989 |
0 |
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Cash |
0 |
132.098.662 |
86.085.295 |
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Other Current Assets |
0 |
938.591.079 |
714.250.599 |
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Total Current Assets |
0 |
1.130.869.730 |
800.335.894 |
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Total Assets |
659.552.347 |
1.188.118.666 |
858.646.114 |
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Trade Payables |
0 |
333.927 |
90.034 |
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Bank Liabilities |
0 |
0 |
0 |
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Other Loans or Finance |
0 |
88.000.005 |
86.699.312 |
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Group Payables |
0 |
0 |
0 |
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Miscellaneous Liabilities |
0 |
408.178.809 |
2.673.472 |
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Total Current Liabilities |
0 |
496.512.741 |
89.462.818 |
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Trade Payables After 1 Year |
0 |
0 |
0 |
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Bank Liabilities After 1 Year |
0 |
0 |
0 |
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Other Loans or Finance due after 1 year |
0 |
0 |
0 |
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Group Payables After 1 Year |
0 |
0 |
0 |
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Miscellaneous Liabilities Due After 1 Year |
0 |
0 |
0 |
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Total Long Term Liabilities |
0 |
0 |
0 |
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Total Liabilities |
0 |
496.512.741 |
89.462.818 |
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Called Up Share Capital |
2.747 |
2.747 |
2.747 |
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Share Premium |
659.549.600 |
659.549.600 |
659.549.600 |
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Revenue Reserves |
0 |
32.053.578 |
109.630.949 |
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Other Reserves |
0 |
0 |
0 |
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Total Shareholders Equity |
659.552.347 |
691.605.925 |
769.183.296 |
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Other Financials |
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Contingent
Liabilities |
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Working Capital |
0 |
634.356.989 |
710.873.076 |
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Net Worth |
0 |
0 |
0 |
Ratios
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Pre Tax Profit Margin |
96.62 |
-116.03 |
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Return On Total Assets Employed |
-6.53 |
-13.57 |
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Return On Net Assets Employed |
-11.22 |
-15.14 |
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Sales / Net Working Capital |
-0.13 |
0.14 |
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Stock Turnover Ratio |
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Debtor Days |
-273.58 |
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Creditor Days |
-1.52 |
0.33 |
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Current Ratio |
2.28 |
8.95 |
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Current Debt Ratio |
0.72 |
0.12 |
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Gearing |
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Total Debt Ratio |
0.72 |
0.12 |
Additional
Financials
Gross Profit
Current Directors
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Name |
Gender |
Address |
Position |
|
Abilio dos Santos Diniz |
Unknown |
Av. Brigadeiro
Luis Antonio 3126 Sao Paulo 01402-901 Brazil |
Director (2011-10-25) |
|
Silvana Borin Quio |
Unknown |
Rua Inhambu 1069 Apartment 12, Moema Sao
Paulo 04520-013 Brazil |
Alternate
Director to Abilio dos Santos Diniz (201110-26) |
Previous
Directors
No previous directors for this company.
Share Capital Structure
|
Nominal Share Capital |
2.000 EUR |
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Issued Share Capital |
2.000 EUR |
Shareholders
|
Shareholder |
Address
% Shares Held |
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CLOWNSVIS B.V. |
Prins
Bernhardplein 200 1097 JB Amsterdam Netherlands 100 |
Ultimate Holding Parent
No Ultimate Holding
Parent for this company.
Immediate Holding Parent
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Name |
Status |
Address |
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CLOWNSVIS B.V. |
Active |
Prins
Bernhardplein 200 1097 JB Amsterdam Netherlands |
Subsidaries
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Name |
Status |
|
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|
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ENERGY JET S.R.L. |
Active |
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STANHORE TRADING INTERNACIONAL S.R.L. |
Active |
Affiliates
No affiliates for this company.
Negative Information
Bankruptcy
filings: None Court judgements: None Tax liens: None Other: None
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.23 |
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|
1 |
INR 91.95 |
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Euro |
1 |
INR 80.34 |
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GIP |
1 |
INR 91.86 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
NIY |
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|
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Report Prepared
by : |
KET |
RATING EXPLANATIONS
|
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
·
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.