MIRA
INFORM REPORT
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Report Date : |
20th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
SAINTE
THERESE MARKETING LIMITED |
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Registered Office : |
La
Tour Road, John Kennedy Avenue, Vacoas |
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Country : |
Mauritius |
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Financials (as on) : |
30.06.2005 |
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Date of Incorporation : |
09.09.1998 |
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Com. Reg. No.: |
21335 |
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Legal Form : |
Private
Limited Company |
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Line of Business : |
Processing and distribution of foodstuffs, mainly sea salt. |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
NAME OF COMPANY
SAINTE
THERESE MARKETING LIMITED
ADDRESS
LA TOUR
ROAD
JOHN
KENNEDY AVENUE
VACOAS
TEL
(230)
586-1636
INCORPORATED
09.09.1998
STATUS
Private
CO. NO.
21335
DIRECTORS
Mr.
Jaylall Seewoo
Mrs.
Kumari Seewoo
SHAREHOLDERS SHARES
Mr.
Jaylall Seewoo 1,000
Mrs.
Kumari Seewoo 1,00
ISSUED CAPITAL
RS200,000.-
ACTIVITIES
Processing and distribution of foodstuffs, mainly sea salt.
SIZE
Subject operates at Quinze Cantons, Vacoas.
IMPORTS
India and South Africa
EMPLOYMENT
5 – 10
FINANCE (2005)
Sales: MUR 3.3m
Surplus: MUR 810,748
OBSERVATION
Sainte Therese Marketing is involved in the processing and distribution
of salt for the local market since1998. Subject has been trading fairly well
during the period ending 30th June 2005. Sales and profit amounted
to MUR 3.3m and MUR 810,748.
Creditworthiness
Buyer is generally prompt with payments and is trustworthy
for normal business engagement.
We recommend buyer for credit within their financial
capabilities.
BANKERS
The Mauritius Commercial Bank Ltd
INCOME STATEMENT FOR FINANCIAL
YEAR 2004/2005
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RS |
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Turnover/Sales |
3,375,355 |
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Direct materials
costs |
2,360,346 |
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Total production
overheads |
(2,564,607) |
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Gross production
surplus |
810,748 |
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BALANCE SHEET ON 30TH JUNE 2005
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RS |
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NON CURRENT ASSETS |
696,678 |
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NET CAPITAL ASSETS |
374,752 |
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INTANGIBLE ASSETS |
397,752 |
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CURRENT ASSETS AND
OTHER LIQUIDITIES |
302,690 |
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TOTAL ASSETS |
700,442 |
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WORKING CAPITAL
AVAILABLE |
158,316 |
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TOTAL ASSETS
EMPLOYED |
556,068 |
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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/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 |
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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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