MIRA
INFORM REPORT
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Report Date : |
27.09.2007 |
IDENTIFICATION DETAILS
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Name : |
BRINKS MAURITIUS LTD |
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Registered Office : |
Solitude Industrial Zone, Triolet |
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Country : |
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Date of Incorporation : |
5/6/2006 |
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Com. Reg. No.: |
42003 |
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Legal Form : |
Limited Liability Company, Limited by shares |
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Line of Business : |
Security
Services for cash-in-transit and guarding operations |
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 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
BRINKS MAURITIUS LTD
Other name
Brinks Mauritius High
Security Guards Ltd
Principal Address
Solitude Industrial Zone, Triolet
Telephone: +230-2041200
Fax: +230-2617570
Email: info@brinks.mu
Internet: www.brinksinc.com
Established
5/6/2006
Registration
No. 42003
Legal Form
limited Liability
company, Limited by shares
Stock Listing
Not Listed
Workforce
2006
200
Office &
Factories
Head offices Solitude
Industrial Zone, Triolet,
Branches Worldwide
Company Profile
Paid in Capital
Subscribed Capital
Shareholders
Name Position Amount
Ratio
Mr. Eric Rey CEO
Mr. Sebastian
Casey Director
Brinks Inc Holding
Co. 100.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 100,000 is recommendable
Affiliated
Companies
Several Worldwide
Management/
Directors
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President/
CEO (1) |
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Name |
Mr. Eric Rey |
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Work Experience |
10 years in this line of business |
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Remarks |
Top Decision Maker |
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
Security Services
for cash-in-transit and guarding operations
Terms of payment
Buying terms 80% in cash, 20% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
None.
Customers
Local companies and Banks
Recent Sales
Exports
None
Export Ratio 0.0%
Import Ratio 70.0% (equipments)
Domestic Market Share 30.0%
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 100,000 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%)