MIRA INFORM REPORT
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Report Date : |
18th May 2006 |
IDENTIFICATION DETAILS
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Name : |
MEH-MAN TRADING COMPANY LIMITED |
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Registered Office : |
6, Paphou str 2236-Nicosia Latsia,
Nicosia |
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Date of Incorporation : |
1999 |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Importers
and traders of clothing items, foodstuff, and household items |
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 : |
Usually Correct |
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Litigation : |
Clear |
NAME & ADDRESS
Name Inquired Under: MEHMAN TRADING CO LTD
Correct Registered Name: MEH-MAN TRADING COMPANY LIMITED
Street: 6, Paphou str
Postal Code: 2236-Nicosia
P.O.Box: N/A
Postal Code: N/A
Locality: Latsia
Town: Nicosia
Tel: 22467588
Fax: 22467587
E-Mail: mehmn@cytanet.com.cy
Telex: N/A
LEGAL STATUS
Private Limited Liability Company
Date Founded: 1999
LEGAL STATUS (Cont)
Trade Registration No. & Town: 100119-Nicosia
Date Registered: 10/02/1999
PRINCIPALS
Shareholders/Partners/Proprietor
Name Equity Nationality
Mr. Ashutosh Mehrotra 180.000 Indian
Mrs. Alka Mehrotra 20.000 Indian
Directors/Managers
Name Position
Mr. Ashutosh Mehrotra Managing Director
Mrs. Alka Mehrotra Director
Altus Services Limited Secretary
RELATED COMPANIES
Parent/Subsidiary/Sister/Associate:
None
OPERATIONS
Mode of Operation:
Importers (90%)
Local Purchasers (10%)
Distributors (2 Vehicles)
Activities:
Import and trade of clothing items, foodstuff, and household items.
Wholesalers: 65%
Retailers: 35%
No of Employees (Categorise): 8 persons
AGENCIES
Name Country Product
None
TRADE SUPPLIERS
Name Country Product
Not disclosed
Import From: India and China.
Import Terms: DP.
Export To: Not applicable
Export Terms: Not applicable
DESCRIPTION OF PREMISES
Headquarters:
The company operates from rented premises, which are located at the address given overleaf. Premises comprised of offices/warehouses and retail shop, covering an area of 1.200sq.mrts.
Branches:
The company maintains rented retail outlets at Strovolos Area, in Nicosia City, and in Larnaca City as well.
BANKERS
Cyprus Popular Bank Limited
1, Karpenisiou & 64, Arch.Makarios III Ave. Corner, 1077 Nicosia
Tel: 80002000, Fax: 22377997
FINANCES
Currency: Cyprus Pounds
Registered Capital: CYP 300.000
Paid Up Capital: CYP 200.000
FINANCES (Cont):
Sales Turnover: Not disclosed
Economic Results: Unknown
Average Stock: Not disclosed
Charges:
11/09/03 Float.Charge CYP 20.000 in f/o Cyprus Popular Bank Limited
15/11/03 Fixedd.Charges CYP 5.000 in f/o Cyprus Popular Bank Limited
28/02/05 Float.Charge CYP 6.000 in f/o Cyprus Popular Bank Limited
17/10/05 Float.Charge CYP 20.000 in f/o Cyprus Popular Bank Limited
16/02/06 Float.Charge CYP 40.000 in f/o Cyprus Popular Bank Limited
Subject declined further detailed Financial Information.
PAYMENT
Comments: Given the present that no further detailed information was released at this stage, especially financial ones we feel unable to express a safe and reliable opinion on their creditability and payment records, or even comment the amount given in your inquiry.
GENERAL COMMENTS
The present limited liability company was incorporated on 10/02/1999. It is dealing with the import and trade of clothing items, foodstuff, and household items. Products are imported from India and China, for the local market.
The company’s clientele mainly includes big supermarkets and individuals.
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 |