MIRA INFORM REPORT
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Report Date : |
5th May 2006 |
IDENTIFICATION DETAILS
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Name : |
MIKENI MADAGASCAR SARL |
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Registered Office : |
IVR 99 Antanimena 777, Antananarivo 101 Madagascar |
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Date of Incorporation : |
1994 |
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Legal Form : |
Limited liability company |
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Line of Business : |
Manufacturers and wholesalers of
textiles and readymade garments |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
RATING
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STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
CO. NAME
MIKENI
MADAGASCAR SARL (Correct)
MIKENI
M/CAR SARL (Requested)
ADDRESS
Street : IVR 99 Antanimena
P.O. Box :
777
Town : Antananarivo 101
Country : Madagascar (fmly Malagasy Republic)
Telephone :
(261 2022) 21604 / 60714 / 60715
Fax : (261 2022) 35602
E-Mail : mikeni@iris.mg
SENIOR COMPANY PERSONNEL
Name Position
1. Amarsy
Saghir Managing
Director
2.
Rajoelisoa Andriantsivohony Administrative and Financial Manager
3.
Ranaivonirina Claude Humain Resources Manager
4. Jean
Paul Castel Production Manager
5
.Raveloatimino Hantanirina Transit Manager
6.
Andrianirina Jaona TVA Manager
Total
Employees : 332
PAYMENTS
No
complaints have been heard regarding payments from local suppliers or banks.
We
consider it is acceptable to deal with subject for SMALL amounts, although it
is normal accepted practice for international suppliers to deal on secured
terms with Madagascan importers.
Opinion on
maximum credit : ARIARY 50,000,000
Trade risk
assessment : Normal
PRINCIPAL BANKERS
NAME : BANQUE MALGACHE DE L OCEAN INDIEN SA (BMOI)
Branch : Place de l Independance 101
PO
Box : 25bis
Town : Antananarivo
Telephone:
(261 2022) 34609
Fax : (261 2022) 34610
FINANCIAL INFORMATION
Balance
sheets are not available. However, the subject interviewed offered the
following information :
Sales
Turnover : EURO 900,000 - 2005 -
exact
Net
Profit : not given
Financial
year ends 31 December.
LEGAL STATUS AND HISTORY
Date
Started : 1994
C.R. No. :
2003B00179
Capital :
ARIARY 80,000,000
Societe a
Responsibilite Limitee (limited liability company) with the following
shareholders :
1. New
Fashion Mauritius
2.
Undisclosed shareholders
ACTIVITIES
The
Company is involved in the following activities :
Manufacturers
and wholesalers of textiles and readymade garments.
Imports
worldwide.
FACILITIES
The
Company has the following facilities :
Manufacturing
unit and administrative office located at the heading address.
GENERAL INFORMATION
As from 1
January 2005 the Madagascar Fr was replaced by the ARIARY
as the
currency of Madagascar, at a rate of ARIARY 1 = M Fr 5.
RATING EXPLANATIONS
RATING
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STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely
sound financial base with the strongest capability for timely payment of
interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate
working capital. No caution needed for credit transaction. It has above
average (strong) capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial &
operational base are regarded healthy. General unfavourable factors will not
cause fatal effect. Satisfactory capability for payment of interest and
principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability
to overcome financial difficulties seems comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are
apparent. Repayment of interest and principal sums in default or expected to
be in default upon maturity |
Limited with full
security |
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<10 |
C |
Absolute credit risk
exists. Caution needed to be exercised |
Credit not recommended |