MIRA
INFORM REPORT
|
Report Date : |
24.03.2007 |
IDENTIFICATION
DETAILS
|
Name : |
GALAXY ENTERPRISES |
|
|
|
|
Registered Office : |
P.O. Box 216, Antananarivo 101 |
|
|
|
|
Country : |
Madagascar (fmly Malagasy Republic) |
|
|
|
|
Date of Incorporation : |
2000 |
|
|
|
|
Legal Form : |
Proprietorship |
|
|
|
|
Line of Business : |
General traders. |
RATING &
COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Undetermined |
|
|
|
|
Payment Behaviour : |
-- |
|
|
|
|
Litigation : |
-- |
COmpany NAME
GALAXY ENTERPRISES
ADDRESS
P.O. Box :
216
Town :
Antananarivo 101
Country : Madagascar (fmly Malagasy Republic)
Telephone :
(261) 330 222 324 (mobile)
E-Mail : galaxymada@yahoo.com
PAYMENTS
Current trade experience
of payments has not been traced.
The company has declined
to provide financial information or to reveal any details relative to the
extent of their operations.
Opinion on maximum credit
: In view of the above we have insufficient basis on which to speak for
unsecured credit and recommend dealing on fully secured terms for all transactions
pending fuller knowledge.
Trade risk assessment: No
classification
It is normal accepted
practice for international suppliers to deal on secured terms with Madagascan
importers.
PRINCIPAL BANKERS
Subject declined to name
its bankers.
FINANCIAL INFORMATION
Balance sheets are not
available and the subject interviewed declined to give any financial
information, which the company regards as strictly confidential.
LEGAL STATUS AND
HISTORY
Date Started : 2000's
(not confirmed)
Capital : not applicable
Believed to be an Affaire
Personnelle (Proprietorship) owned by an unnamed foreign national.
ACTIVITIES
The Subject is involved
in the following activities :
General traders.
FACILITIES
The Subject has the
following facilities :
Office premises located
in Antananarivo.
GENERAL INFORMATION
As from 1 January 2005
the Madagascar Fr was replaced by the ARIARY as the currency of Madagascar, at
a rate of ARIARY 1 = M Fr 5.
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 |
|
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%)