MIRA
INFORM REPORT
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Report Date : |
13th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
KABIRAJ RAMCHARUN |
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Registered Office : |
Avenue Des Colombes , Medine Camp De Masque |
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Country : |
Mauritius |
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Date of Incorporation : |
2001 |
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Legal Form : |
Individual ownership |
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Line of Business : |
Engaged in the importation, distribution and wholesale of the following: (i) Rice (ii) Tomato Paste (iii) Hygienic products (iv) Non-alcoholic drinks |
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 COMAPNY
KABIRAJ RAMCHARUN
ADDRESS
AVENUE DES COLOMBES
MEDINE CAMP DE MASQUE
TEL
(230) 416-8509
FAX
(230) 416-6646
ESTABLISHED
2001
STATUS
Individual ownership
PROPRIETOR
The above-named, proprietor and trader, also acting representative of:
SIRUD LTD – specialized dealer and distributor of products “Procter and Gamble” – Germany
ASSOCIATED CONCERN
VK & K’s Trading Limited
ACTIVITIES
K.Ramcharun specializes in the importation, distribution and wholesale of the following:
(v) Rice
(vi) Tomato Paste
(vii) Hygienic products
(viii) Non-alcoholic drinks
REPRESENTATIVES FOR
- FIESTA (Spain)
- IMCA S.P.A (Italy)
SOURCES FROM INDIA
Subject is currently dealing with the following sources respecting the importation of rice, namely:
1. Basic India – Delhi
2. PK Overseas Limited - Delhi
BUYERS REQUIREMENT
On account of constant fluctuation in the rate of exchange and huge bank charges, subject is desirous of obtaining some facilities respecting the purchase of rice.
FINANCES
Average annual sales: RS 60 million
Stock in trade: RS 8.5 million
Value of fixed assets: RS 10 million
CREDITWORTHINESS
Buyer reliable and generally prompt in the fulfillment of their contractual business obligations. Good for US $ 15,000 as applied
BANKERS
The Mauritius Commercial Bank Ltd
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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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%)