MIRA INFORM REPORT
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Report Date : |
18.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
HEMISPHERE SUD LTD |
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Registered Office : |
Romisco Building Industrial Zone Plaine Lauzun, Port Louis |
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Country : |
Mauritius |
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Date of Incorporation : |
11.06.1998 |
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Com. Reg. No.: |
No. C19881 Port
Louis, Mauritius |
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Legal Form : |
Limited
Liability Company, Limited by shares |
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Line of Business : |
Manufacture and
Distribution of Leather Goods |
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 80,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
HEMISPHERE SUD LTD
Principal Address
Romisco Building Industrial Zone Plaine Lauzun, Port Louis, Mauritius
Telephone: +230-2116413/2117059
Fax: +230-2084779
Email: romisco@intnet.mu
, contact@hemispheresud.com
Internet: www.hemispheresud.com
Established
11/06/1998
Registration
No. C19881 Port
Louis, Mauritius
Legal Form
Limited Liability Company,
Limited by shares
Stock Listing
Not Listed
Workforce
2007
30
Office & Factories
Head offices Romisco Building Industrial Zone Plaine
Lauzun, Port Louis, Mauritius
Branches none
Company Profile
Paid in Capital MUR. 100,000
Subscribed Capital MUR. 100,000
Shareholders
Name Position Amount Ratio
Mrs. Anne
Christine Levigne Fletcher CEO
Mr. Guy Fletcher Director
Mrs. Yagapen Marie
Noelle Director
Total 100.00%
Credit Opinion
Our proposed credit
amount of USD 50,000 is recommendable
Affiliated Companies
None
Management/ Directors
President/ CEO (1)
Name Mrs. Anne Christine Levigne Fletcher
Remarks Top
Decision Maker
President/ CEO (2)
Name Mrs. Yagapen Marie Noelle
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
Manufacture and distribution
of leather goods
Terms of payment
Buying terms 30% in cash, 70% on credit
Selling terms 50% in cash, 50% on credit
Suppliers
Various
Customers
Outlets & Distributors
Recent Sales
MUR. 26,000,000
(2007)
Exports
None
Export Ratio
0.0%
Import Ratio
40.0%
Domestic Market Share
20.0%
Banking relationship
Main Banks HSBC 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 80,000 outstanding at any one time.
Exchange Rate US$ 1 = MUR. 27.60
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.23 |
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UK Pound |
1 |
Rs.80.89 |
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Euro |
1 |
Rs.63.80 |
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%)