MIRA
INFORM REPORT
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Report Date : |
24.10.2007 |
IDENTIFICATION DETAILS
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Name : |
K MOONEESAWMY |
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Registered Office : |
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Country : |
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Date of Incorporation : |
17.06.1998 |
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Com. Reg. No.: |
No. 12297 |
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Legal Form : |
Sole Proporietorship |
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Line of Business : |
Importers & Retailers of food stuffs, rice 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 30,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY NAME
K MOONEESAWMY
ADDRESS
Principal Address
Telephone: +230-2121692
Fax: +230-2121692
Email: None
Internet: None
Established
17/6/1998
Registration
No. 12297
Legal Form
Sole Proporietorship
Stock Listing
Not Listed
Workforce
2006
40
Office &
Factories
Head offices
Branches None
Company Profile
Paid in Capital
Subscribed Capital
Shareholders
Name Position Amount Ratio
Mr. K Moonesawmy CEO 100.00%
Mrs. P Moonesawmy Director
Total 100.00%
Credit Opinion: Our proposed credit amount of USD 30,000 is recommendable
Affiliated Companies
None
Management/
Directors
President/ CEO (1)
Name Mr. K Moonesawmy
Remarks Top Decision Maker
President/ CEO (2)
Name Mrs. P
Moonesawmy
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
Importers & Retailers of food stuffs, rice etc
Terms of payment
Buying terms None Stated
Selling terms None Stated
Suppliers
None
Customers
Local agencies , stores and outlets
Recent Sales
Exports
None
Export Ratio
0.0%
Import Ratio
40.0%
Domestic Market
Share
10.0%
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 30,000 outstanding at any one time.
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%)