MIRA
INFORM REPORT
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Report Date : |
10.10.2007 |
IDENTIFICATION DETAILS
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Name : |
MAYANDY POOLLAY MOOTIEN |
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Registered Office : |
River |
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Country : |
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Date of Incorporation : |
1988 |
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Legal Form : |
Individual Ownership |
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Line of Business : |
Dealer in the importation, manufacturing and distribution of oriental spices and foodstuffs. |
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 : |
Regular |
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Litigation : |
Clear |
NAME OF COMPANY
MAYANDY POOLLAY MOOTIEN
ADDRESS
RIVER
TEL: (230) 433-4671
FAX: (230) 433-3899
CREATION
1988
STATUS
Individual ownership
COMMERCIAL STYLE
MAYIL SPICES
PROPRIETOR
Mr. Mayandy Poollay Mootien
ACTIVITIES
Dealer in the importation, manufacturing and distribution of oriental spices and foodstuffs.
FINANCE
The above concern does not have any obligation for filing its annual return and therefore details under this item are not officially available. However, the following are mere financial indications reflecting buyer’s size of business.
Average Annual Sales: RS 18 – 20 million
Stock in trade: RS 6.5 million
Value of immovable properties: RS 10.5 million
SOURCES OF SUPPLY
Mostly
OBSERVATION
We have had no confirmation respecting any firm business deal with an Indian source as subject was rather reluctant in disclosing the least detail about his business. However, we understand that negotiation if any is in respect of the importation of general foodstuffs and spices. Import businesses are generally carried through indenting agents.
CREDITWORTHINESS
Buyer sound financially and considered good for normal business engagement.
BANKERS
- The Mauritius Commercial Bank Ltd
- The State Bank of Mauritius Ltd
- The Hong-Kong and Shanghai Banking Corp
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%)