MIRA INFORM REPORT

 

 

Report Date :

18.01.2007

 

IDENTIFICATION DETAILS

 

Name :

ROBERT LE MAIRE INTERGRAPH LTEE

 

 

Registered Office :

11TH Floor, Swan Group Centre 10, Intendance Street, Port Louis

 

 

Country :

Mauritius

 

 

Date of Incorporation :

04.09.81

 

 

Com. Reg. No.:

3545

 

 

Legal Form :

Public

 

 

Line of Business :

Distributor of quality printing equipments and materials.

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

NAME OF COMPANY

 

RLM INTERGRAPH LTEE

 

 

CORRECT STYLE

 

ROBERT LE MAIRE INTERGRAPH LTEE

                            

 

REGISTERED OFFICE

 

11TH FLOOR, SWAN GROUP CENTRE

10, INTENDANCE STREET,

PORT LOUIS

TEL: (230) 286-5170

FAX: (230) 286-5180

EMAIL: robgraf@intnet.mu

 

 

INCORPORATED

 

04.09.81

 

 

STATUS

 

Public

 

 

CO NO

 

3545

 

 

DIRECTORS

 

Mr. Marie Joseph Cyril LAGESSE

Mr. Arnaud Marie Cyril LAGESSE

Mr. Marie Joseph Henri Robert Roger KOENIG

Mr. Patrick Rene Henri MACÉ

 

 

SHAREHOLDERS                 SHARES

 

ROBERT LE MAIRE LTD                                                            190,000

 

 

ISSUED CAPITAL

 

RS 1,900,000

 

 

CHARGES

 

Total indebtedness as at 09 October 2006 =

RS 40,960,000

Euros 1,050,000

US $ 200,000

 

 

SIZE

 

The company’s offices, showroom and workshop are located at Grewals Lane, Pailles.

 

 

ACTIVITIES

 

Distributor of quality printing equipments and materials.

 

 

IMPORT

 

Subject imports mainly from Germany. Other sources are Malaysia and Singapore.

 

 

EMPLOYMENT

 

20 – 30

 

 

RELATED CONCERNS

 

-          Robert Le Maire Bureautique Ltd

-          Robert Le Maire Ltd

 

 

BUSINESS ANTECEDANT

 

Robert Le Maire Intergraph started in 1981 and is a subsidiary of the Robert Le Maire Group, which has interest in several sectors in the economy. The company markets and offers maintenance / repairs of printing equipment and holds exclusive agency for the Heidelberg brand. Subject also operates in the region.

 

 

OBSERVATION

 

The company did not perform satisfactorily during the financial year ending 30th June 2006. Its turnover dropped from RS 341.7 m to RS 110.5 m. Profit before tax amounted to RS 3.9 m as compared to RS 32.6m in 2004. No reasons whatsoever was stated for the sudden downfall in the company’s affairs.

 

 

FINANCE       Year 2006

 

Turnover                                    RS 110.5 million

Profit                                         RS 3.9 million

Earnings per share                     RS 20.81

 

 

CREDITWORTHINESS

 

Buyer is trustworthy for normal business engagement and is prompt generally in the fulfillment of their contractual obligations.

 

 

BANKERS

 

-          The Mauritius Commercial Bank Ltd

-          Barclays Bank PLC

 

RATING EXPLANATIONS

 

 

RATING

STATUS

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions