MIRA
INFORM REPORT
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Report Date : |
03.10.2007 |
IDENTIFICATION DETAILS
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Name : |
EXPERT NETWORKS PVT LTD |
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Registered Office : |
4/F Helengeli Aage, Keneree Magu Male |
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Country : |
Maldives |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
26.07.2004 |
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Com. Reg. No.: |
AS27119 MV |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Networks Service Provider and Voice and Data Network Designer
and System Intergrator Local Area Networks (Lans), Wide Area Networks (Wans),
Catv/Smatv Networks and Telephone Networks with Complete Solutions to IT and
Telephone Networking Needs Iphone Designing and Developing Voice and Data
Networks and from Data Switches to Routers, Access Points to Wireless
Bridges, and from Telephone Systems to Voice Over Ip Systems Services
Importers Agents and General Merchant of Voice and Data Network Lans Wans
Telephone Wireless and related Products Technologies Equipment and Accessories
etc. |
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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Maximum Credit Limit : |
USD 100000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
EXPERT NETWORKS PVT LTD
MALE
Correct Address
EXPERT NETWORKS PVT. LTD.
4/F HELENGELI AAGE
KENEREE MAGU MALE MALDIVES
Telephone 960 3312345
Fax 960 3310146
Telex NONE
Registered address
AT HEADING ADDRESS
Operating Address
AT HEADING ADDRESS
Branches
NONE
Factory
NONE
Date, Established
26 07 2004
Incorporation No
AS27119 MV DATED 26 07 2004
Legal Status
PRIVATE LIMITED COMPANY
Businesses
SUBJECT IS A NETWORKS SERVICE PROVIDER AND VOICE AND DATA NETWORK
DESIGNER AND SYSTEM INTERGRATOR LOCAL AREA NETWORKS (LANS), WIDE AREA NETWORKS
(WANS), CATV/SMATV NETWORKS AND TELEPHONE NETWORKS WITH COMPLETE SOLUTIONS TO
IT AND TELEPHONE NETWORKING NEEDS IPHONE DESIGNING AND DEVELOPING VOICE AND
DATA NETWORKS AND FROM DATA SWITCHES TO ROUTERS, ACCESS POINTS TO WIRELESS
BRIDGES, AND FROM TELEPHONE SYSTEMS TO VOICE OVER IP SYSTEMS SERVICES IMPORTERS
AGENTS AND GENERAL MERCHANT OF VOICE AND DATA NETWORK LANS WANS TELEPHONE
WIRELESS AND RELATED PRODUCTS TECHNOLOGIES EQUIPMENT AND ACCESSORIES ETC
Board of Directors
A
A M RASHEED
MOHAMED ASHRAF IBRAHIM
M AMIR
DIDI GASIM IBRAHIM
Bankers
BANK OF MALDIVES LTD MALE
STATE BANK OF
Payments
BELIEVED TO BE PROMPT. NO PAYMENT TRACK HISTORY DISCLOSED
Financial Position
VERY GOOD. LEARNT
ADEQUATE RESOURCES AVAILABLE
Public
NOTHING HEARD DETRIMENTAL OR UNCOVERED
Shareholders
A
Associates
NONE
History
REPUTED CO
Buying/Selling term
PER 100% IRREVOCABLE AND CONFIRMED L/C AT SIGHT
DRWAN BASIS
Credit Maximum
[USD]
100000 CAN BE GRANTED
ON MUTUAL AGREED SECURED AND PROTECTED TERM
Agency
PREMIUM LINE
Trade Suppliers
NONE
Premises
RENTED BASIS
Employs
25 +
Member
NONE
Sources
REPORT IS PRODUCED FROM
COLLECTIVE RESULTS OF LOCAL AGENTS
Remarks
SUBJECT IS
CONSIDERED TO BE GOOD FOR ANY
Capital as at 31 12
[UNAUDITED]
Paid up 1 000 000
Reserves/Surplus 6 783 000
Deferred Expenditure 8 553 000
16 336 000
Capital sources
Fixed assets 7 000 000
Investments 2 500 000
Current assets 9 091 000
18 591 000
Less
Current liabilities 2 255 000
16 336 000
Turnover Approx 25 000 000
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. |
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%)