MIRA INFORM REPORT

Report No. :	508336
Report Date :	11.05.2018

IDENTIFICATION DETAILS

Name :	ASIAPED PACIFIC CO LTD
Registered Office :	Shellbourne Trust Company (Bvi) Limited (Registered Agent) P. O. Box 438 Road Town, Tortola
Country :	British Virgin Islands
Date of Incorporation :	1997
Legal Form :	Limited
Line of Business :	Subject is an International Business company incorporated in the British Virgin Islands for tax purposes.
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

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

Location Facts
Government	Parliamentary dependency under constitutional monarchy
Currency	United States dollar (USD)
Economic Risk	Nil

Statutory Information
Legal Name	ASIAPED PACIFIC CO LTD
Trade Name	ASIAPED PACIFIC CO LTD
ID	Reg. Number
ID Details	242105
Creation Date	1997
Incorporation Date	1997
Legal Address	Shellbourne Trust Company (Bvi) Limited (Registered Agent) P. O. Box 438 Road Town, Tortola British Virgin Islands
Operative Address	Shellbourne Trust Company (Bvi) Limited (Registered Agent) P. O. Box 438 Road Town, Tortola British Virgin Islands
Telephone	1-284-494-2616 (Registered Agent)
Fax	1-284-494-2704 (Registered Agent)
Legal Form	Limited
E-Mail	infovg@equitytrust.com (Registered Agent)
Registered In	British Virgin Islands
Website	www.bvifsc.vg (Registered Agent)
Contact	Charlotte Bailey, Registered Agent
Staff	0 / The company does not have any employee in the British Virgin Islands
Activity	IBC

Banks
Name of Bank	Reported Amount
There are not informed banks
Description	The company does not make its banking data public.

History
History	The company was founded in 1997
Key Developments	NA
Parent Company	NA

Principal Activity

General Description

Asiaped Pacific Co Ltd is an International Business Company incorporated in the British Virgin Islands for tax purposes.

The company may conduct international trade, investment activities, as a special purpose entity, by professionals and for asset protection.

It may be involved in buying and selling goods and services, hold bank accounts and operate businesses.

It is not registered in the British Virgin Islands as being a local business company.

It is not listed with the British Virgin Islands commercial pages.

Service/Product Description

NA

Sales

Wholesale and Retail

Operations Area

International

Imports From

No import

Export To

Ecuador and Pakistan

Employees

0 / The company does not have any employee in the British Virgin Islands

Payments With Suppliers

Unknown

BRANDS
Brand	Comments
There are not informed brands

CLIENTS
Name of Client	Country	Comments
Plasticaucho Industrial Sa	ECUADOR	NA
FIRHAJ FOOTWEAR (PVT) LTD	PAKISTAN	NA

Comments

NA

SUPPLIERS
Supplier Name	Country	Comments
There are not infomed suppliers

Comments

NA

Location
Headquarters	SHELLBOURNE TRUST COMPANY (BVI) LIMITED (Registered Agent) P. O. Box 438 Road Town, Tortola British Virgin Islands
Branches	The company does not have branches
Industries	NA

Group Structure and Subdiary Companies
Listed at the stock exchange	NO
Capital	NA
Shareholders (%)	This is a private company. The company does not disclose information on shareholders. Despite our long search, we could not confirm major holders.
Management	Charlotte Bailey, Registered Agent
Subsidiary Companies	NA
Related Companies	AsiaPed Legal Name: ASIAPED SERVICE CO., LTD. Address: 7F-5, No. 236, Nanping Road, Taichung, Taiwan, R.O.C. Contact: Sebastian Chih Chung Liao Management: Kuo Jung Liao, Manager Email:sebastian.liao@ped.asia Telephone: +886-966 780 339/+886-4-226 34 277 Employees: 5 Industry: Foot wear industry

Financial Information
General Description	The company does not make its financial statements public. Despite our long search, we could not confirm financial figures for the subject.

Legal Filings
Lawsuits	No records found

Summary

Summary

Founded in 1997, Asiaped Pacific Co Ltd is an International Business Company incorporated in the British Virgin Islands for tax purposes. The company may conduct international trade, investment activities, as a special purpose entity, by professionals and for asset protection. It may be involved in buying and selling goods and services, hold bank accounts and operate businesses. It is not registered in the British Virgin Islands as being a local business company. It is not listed with the British Virgin Islands commercial pages. The company exports to Ecuador and Pakistan, operating within international markets. This has been an ACTIVE company incorporated in the British Virgin Islands in 1997.

Risk Information
Debts	Controlled
Payments	Unknown
Cash Flow	Normal
State	ACTIVE

Interview
First Name	NA
Position	Operator / Customer Service (Resident Agent)
Comments	We called the company`s Resident Agent and the operator confirmed the Resident Agent`s details. She transferred the call and the person contacted said that the company`s registration number is the following: 242105. She could not provide further information.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 67.38
UK Pound	1	INR 91.39
Euro	1	INR 79.89
BVI	1	INR 67.29

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

INFORMATION DETAILS

Analysis Done by :	NIY
Report Prepared by :	TPT

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.