MIRA
INFORM REPORT
|
Report Date : |
25th
January, 2007 |
IDENTIFICATION
DETAILS
|
Name : |
DANOOKDHAREE VISHAL |
|
|
|
|
Registered Office : |
St Pierre Lane A-3, St Pierre |
|
|
|
|
Country : |
Mauritius |
|
|
|
|
Date of Incorporation : |
2001 |
|
|
|
|
Legal Form : |
Individual Concern |
|
|
|
|
Line of Business : |
Commission Agent, and Manufacturer’s representatives. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
Status : |
Small
Company |
|
|
|
|
Payment Behaviour : |
Usually
Correct |
|
|
|
|
Litigation : |
Clear |
NAME OF COMPANY
DANOOKDHAREE VISHAL
ADDRESS
ST PIERRE LANE A-3, ST PIERRE
TEL: (230) 217-0173
ESTABLISHMENT
2001
STATUS
INDIVIDUAL CONCERN
DIRECTORS
Mr. Vishal Danookdharee
SIZE
Buyer has its registered office at St. Pierre Lane A-3, ST. PIERRE.
ACTIVITIES
Commission Agent, and Manufacturer’s representatives.
SOURCE OF IMPORT
India, China, Thailand and Pakistan account for nearly 80% of concern’s total purchases.
OBSERVATION
The above initially established as a Commission agent acts mainly as an indenting agent, importing for the account of local importers and buyers. Subject specializes in general merchandises and spices and is present contemplating to import on his own.
FINANCE
Not available on account of concern’s status as an individual ownership.
POSSIBLE SOURCE OF ENQUIRY
Probably arising from Indian based company, namely SHIVNATH RAI HARNARAIN, exporting through its sister concern, namely Kanun export.
NATURE OF GOODS
Basmati Rice
VOLUME
2 Containers per month
VALUE
Approximatley US$ 500,000 (per annum (Average)
REQUIRED TERMS
60days D/A after B/L date.
CREDITWORTHINESS
On interview held with the above, sole proprietor and Manager, we have been satisfied with his statement to the effect that his contact with several co-operative stores and other local retail outlets will enable him to dispose of the merchandises in due time.
REMARK
We would recommend subject for normal business engagement.
BANKERS
THE MAURITIUS COMMERCIAL BANK LTD
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 |
|