MIRA INFORM
REPORT
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Report Date : |
06.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
VILLA SHIPPING &
TRADING CO PVT LTD |
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Registered Office : |
Villa Building, Ibrahim Hassan Didi Magu Po Box
2073 Male |
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Country : |
Maldives |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
14 04 1986 |
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Com. Reg. No.: |
1001/77SMF |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer Processing Packers and Exporters of
Salted Dried Fish Shark Fins and other Seafoods |
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] 300000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name & Address
VILLA SHIPPING &
TRADING CO PVT LTD
VILLA BUILDING,
IBRAHIM HASSAN DIDI MAGU
PO BOX 2073 MALE
MALDIVES
Registered address AT HEADING ADDRESS
Operating Address AT HEADING ADDRESS
Telephone
960 325194,
325195,
316161
Telex 66090
MF
Fax 960 325195, 325177, 314565
Branches IN MALE AND IN SINGAPORE GERMANY AND OTHER
COUNTRIES
Factory IN MALE
summary
Date, Established 14 04 1986
Incorporation No 1001/77SMF DATED 14 04
1986
Legal Status PRIVATE
LIMITED COMPANY
BUSINESSES
MANUFACTURER PROCESSING PACKERS AND EXPORTERS OF
SALTED DRIED FISH SHARK FINS AND OTHER SEAFOODS [] IMPORTERS AGENTS
DISTRIBUTORS AND GENERAL MERCHANT OF MILK PRODUCTS BUILDING MATERIALS PETROLIUM
PRODUCTS MARINE ENGINES SHIP BUILDING ACCESSORIES AND PARTS RQUIPMENT
ENGINEERING GOODS AND SHIP SUPPLIES AND HOTELS RESORTS TRAVELLERS REQUISITES []
TRAVEL AGENTS AND CHARTERING, OPERATORS, SHIP, HOTELS,
TOURIST RESORTS AND MOTEL OWNERS, FERRY BOAT AND
REALTED SHIPPING SERVICES [] SUBJECT OWNS AND MANAGES 5 EXCLUSIVE ISLAND RESORTS RANGING FROM 3-5 STAR STANDARD AND OFFER
HIGHEST QUALITY SERVICES
Production ADEQUATE
Board of Directors
MR MOHAMED RASHEED -
PRESIDENT
MR QASIM IBRAHIM - MANAGING DIRECTOR
MRS RABIA HOSSAIN
MR ISMAIL OMAR
MR UMAR USMAN
Bankers
STATE BANK OF INDIA
MALE
Payments
PROMPT
Financial Position
VERY GOOD ADEQUATE
RESOURCES AVAILABLE
Shareholders
MR QASIM IBRAHIN 95
MRS RABIA HOSSAIN 5% [VILLA GROUP]
Associates
VILLA GROUP –
COMPRISING OF - VILLA FISHING
VILLA BUILDING
VILLA TOURISTS
VILLA HOTELS
FUN ISLAND
HOLIDAY ISLAND
SUN ISLAND
PARADISE ISLAND
ROYAL ISLAND
VILLA HAKATHA
Overseas Subsidiaries
VILLA HOLIDAYS TOURISTIK GMBH GERMANY
VILLA HOTELS & TOURISTIK GMBH SWITZERLAND
VILLA TOURS & HOLIDAYS LTD UK
VILLA SHIPPING (S) PTE LTD SINGAPORE
VILLA HOTELS BEIJING CHINA
VILLA HOLIDAYS PVT LTD HK
VILLA HOTELS JAPAN
History
REPUTED CO
Buying/Selling term
PER 100% CONFIRMED L/C
AT SIGHT DRWAN BASIS
Credit Maximum
[USD] 300000 CAN BE GRANTED ON MUTUAL AGREED
SECURED AND PROTECTED TERMS
Imports from
WORLDWIDE
Export to
WORLDWIDE
Court, bad credit
NO COURT ARBITRATION, NON-PAYMENT/DISPUTE ARE LEARNT
Agency
NONE
Trade Suppliers
AMUL MILK INDIA, SHELL NETHERLANDS,
AGFA BELGIUM
Premises
OWNED BY SUBJECT
Employs
565 +
Member
OF A LOCAL CHAMBER OF COMMERCE AND OTHER TRADE ASSOCIATIONS
Sources
REPORT IS PRODUCED FROM
COLLECTIVE RESULTS OF LOCAL AGENTS
Remarks
SUBJECT IS
CONSIDERED TO BE GOOD FOR ANY NORMAL BUSINESS ENGAGEMENT
Capital
As at 31 12 2007 IN RUPEES / 000 [PROVISIONAL & UN-AUDITED]
FIXED ASSETS 170
000
INVESTMENT 75 850
CURRENT ASSETS 381 235
627 085
LESS
CURRENT LIABILITIES
36 905
NET ASSETS 590 180
FINANCED BY
PAIDUP 10
000
RESERVES/SURPLUS 288 135
DEFERRED LIABILITIES 292 045
TOTAL 590
180
TURNOVER APPROX 750 000
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.22 |
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UK Pound |
1 |
Rs.75.03 |
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Euro |
1 |
Rs.63.14 |
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%)