MIRA
INFORM REPORT
|
Report Date : |
07.11.2007 |
IDENTIFICATION
DETAILS
|
Name : |
SAMSONITE MAURITIUS LTD |
|
|
|
|
Registered Office : |
Queen Street, Port Louis |
|
|
|
|
Country : |
Mauritius |
|
|
|
|
Date of Incorporation : |
10/9/1998 |
|
|
|
|
Com. Reg. No.: |
C15476 |
|
|
|
|
Legal Form : |
Limited
Liability Company, Limited by shares |
|
|
|
|
Line of Business : |
Retailers of
luggage carriers bags and Products etc |
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 |
|
Maximum Credit Limit : |
USD 50,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
COMPANY REPORTED
SAMSONITE MAURITIUS LTD
Principal Address
Queen Street, Port Louis, Mauritius
Telephone: +230-2422605
Fax: +230-2422606
Email: None
Internet: None
Established
10/9/1998
Registration
No. C15476 Mauritius
Legal Form
limited Liability
company, Limited by shares
Stock Listing
Not Listed
Workforce
2006
40
Office & Factories
Head offices Queen Street, Port Louis, Mauritius
Branches None
Company Profile
Paid in Capital MUR. 1,000,000
Subscribed Capital MUR. 1,000,000
Shareholders
Name Position Amount
Ratio
Michael Lynton CEO
Charles Philipin Director
Ferdinando
Grimaldi Director
Samsonite
Corporation Holding Co. 100.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 50,000 is recommendable
Affiliated Companies
Several worldwide
Company (1) SAMSONITE
CORPORATION
Company (2) SAMSONITE EUROPE
N.V.
Management/ Directors
|
President/
CEO (1) |
|
|
Name |
Michael Lynton |
|
Remarks |
Top Decision Maker |
|
President/
CEO (2) |
|
|
Name |
Charles Philipin |
Þ Top decision maker is the person who has the ultimate authority or power to make important managerial decisions. He/She may or may not be officially registered as a president or an executive director.
Business Activities
Retailers of
luggage carriers bags and Products etc
Terms of payment
Buying terms None
Stated
Selling terms None Stated
Suppliers
None Stated
Customers
None Stated
Recent Sales
MUR. 170,000,000
(2006)
Exports
Neighboring
Countries
Export Ratio < 10.0%
Import Ratio 30.0%
Domestic Market Share 20.0%
Banking relationship
Main Banks MCB Bank
Credit Check of Subject,
President & CEO
(as of report date)
Payment Morale : In the documents at our
disposal nothing adverse has been shown so far.
CREDIT RATING : Financial situation is
average.
COMMENTS
Maximum credit we recommend is USD 50,000 outstanding at any one time.
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. |
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%)