MIRA
INFORM REPORT
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Report Date : |
18.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
CORVINA
INVESTMENTS COMPANY LTD |
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Registered Office : |
PO Box 738, Victoria, Mahe |
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Country : |
Seychelles |
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Date of Incorporation : |
1/1/1998 |
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Com. Reg. No.: |
29142 |
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Legal Form : |
Limited
Liability Company, Limited by shares |
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Line of Business : |
Investment &
Asset holding company |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
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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Maximum Credit Limit : |
USD 350,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
CORNIVA INVESTMENTS COMPANY LTD
Actual Name
CORVINA
INVESTMENTS COMPANY LTD
Principal Address
PO Box 738, Victoria, Mahe, Seychelles
Telephone: +248-321655/ 322424
Fax: +248-321655
Email: corvina@seychelles.net
Internet: www.corvina-seychelles.com
Established
1/1/1998
Registration
No.29142 Mahe
Seychelles
Legal Form
limited Liability
company, Limited by shares
Stock Listing
Not Listed
Workforce
2006
500
Office & Factories
Head offices Maison La Rosiere, Palm Street, Victoria Mahe Seychelles
Branches None
Company Profile
Paid in Capital SCR. 1,000,000
Subscribed Capital SCR. 1,000,000
Shareholders
Name Position Amount
Ratio
Mr. Guy Adam Director
Mr. Aboo
Aumeeruddy Director
Mr. Adolphe Vallet Director
Mr. Patrice Binet Director
Other Shareholders Shareholders
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 350,000 is recommendable
Subsidiaries Companies
Company (1) 7Degrees SOUTH LTD
Company (2) AIR BOOKING LTD
Company (3) BUNSON TRAVEL LTD
Company (4) CORVINA MANAGEMENT
SERVICES LTD
Company (5) H SAVY INSURANCE
LTD
Company (6) INDIAN OCEAN
MANAGEMENT CONSULTANCY LTD
Company (7) INTERNATIONAL
PHARMACEUTICALS (SEYCHELLES) LTD
Company (8) KINGSGATE
INVESTMENTS LTD
Company (9) MAHE INVESTMENTS
LTD
Company (10) MAHE SHIPPING
COMPANY LTD
Company (11) MERCINVEST LTD
Company (12) MERVINA LTD
Company (13) PAPYRUS MANAGEMENT
COMPANY LTD
Company (14) SEYCHELLES
MARITIME SERVICES LTD
Company (15) SEYCHELLES TRUST
COMPANY LTD
Company (16) TROPICAL ISLAND
BUILDING SYSTEMS LTD
Company (17) UNITED BANK
INTERNATIONAL LTD
Company (18) VICTORIA
PROPERTIES LTD
Affiliated Companies
Company (1) ALPHONSE RESORT
DEVELOPEMNT LTD
Company (2) AQUARIUS SHIPPING
AGENCY LTD
Company (3) CARBON DIOXIDE LTD
Company (4) CONSTANCE HOTELS
SERVICES LTD
Company (5) CORVINA HOTEL
INVESTMENT COMPANY LTD
Company (6) ELECTRONIQUE
(SEYCHELLES) LTD
Company (7) INDIAN OCEAN
MARINE LTD
Company (8) INTER ISLAND BOATS
LTD
Company (9) ISLAND RESORT
MANAGEMENT COMPANY LTD
Company (10) LAND MARINE
LTD
Company (11) LE REFUGE DU
PÉCHEUR LTD
Company (12) LIQUID AIR
(SEYCHELLES) LTD
Company (13) MACKENZIE LTD
Company (14) PRESAFE SERVICES
LTD
Company (15) SILHOUETTE CRUISES
LTD
Management/ Directors
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President/
CEO (1) |
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Name |
Mr. Guy Adam |
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Remarks |
Top Decision Maker |
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President/
CEO (2) |
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Name |
Mr. Aboo Aumeeruddy |
Þ Top decision maker is the person who has the ultimate authority or power to make important managerial decisions. He/She may or may not be officially registered as a president or an executive director.
Business Activities
Investment &
Asset holding company
Terms of payment
Buying terms N/A
Selling terms N/A
Suppliers
Various
Customers
Companies within the Group
Recent Sales
SCR. 800,000,000 Group (2006)
Exports
None
Export Ratio 0.0%
Import Ratio 10.0%
Domestic Market Share 20.0%
Banking relationship
Main Banks Barclays Bank
State Bank
Credit Check of Subject,
President & CEO
(as of report date)
Payment Morale : In the documents at our disposal
nothing adverse has been shown so far.
CREDIT RATING : Financial situation is
Satisfactory.
COMMENTS
Maximum credit we recommend is USD 350,000 outstanding at any one time.
RATING EXPLANATIONS
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RATING |
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. |
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 |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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 and their relative weights (as
indicated through %) are as follows:
Financial condition (40%) Ownership background (20%) Payment
record (10%)
Credit history (10%) Market trend (10%) Operational
size (10%)