MIRA
INFORM REPORT
|
Report Date : |
10.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
APD
INTERNATIONAL |
|
|
|
|
Registered Office : |
Leve 3 Alexander House 35
CyberCity Ebene |
|
|
|
|
Country : |
Mauritius |
|
|
|
|
Date of Incorporation : |
12.01.2007 |
|
|
|
|
Com. Reg. No.: |
C067930 |
|
|
|
|
Legal Form : |
Private Corporation |
|
|
|
|
Line of Business : |
General Trading and Asset
Holding Company |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 20,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
SUBJECT'S NAME
Registered Name: APD INTERNATIONAL
Requested Name: APD
INTERNATIONAL
Other Names: None found.
ADDRESS AND TELECOMMUNICATION
Physical Address: Leve 3 Alexander House 35 CyberCity Ebene, Mauritius
Postal Address: Leve 3 Alexander House 35 CyberCity
Ebene
Country: Mauritius
Phone: 230-4030800
Fax: 230-4030801
Email: intercon@intnet.mu
Website: none
CREDIT OPINION & RISK RATING
ASSESSMENT
Financial Index as of December
2007 shows subject firm with a medium risk of credit.
We recommend Credit of USD 20,000 on 90 days.
LEGAL
Legal Form: Private Corporation
(Global
Business Category 2)
Date Incorporated: 12-Jan-07
Reg. Number: C067930
Nominal Capital MUR 1,000
Subscribed Capital MUR 1,000
Paid Up Capital MUR 1,000
Subscribed
Capital is Subscribed in the following form:
Position Shares
Undisclosed
Director 100%
Mr.
Richard N. Wilson Trustee
Intercontinental
Trust Limited Trustee
RELATED COMPANIES
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
OPERATIONS
Registered to operate as a general trading and asset
holding company
Imports: None
Exports: None
Trademarks: None
Terms of sale: Cash
(40%) and 30 days (60%), invoices.
Main Customers: various
Employees: 5 employees
Vehicles: Several motor
vehicles.
Territory of sales: Mauritius
Location: Rented premises
300 square feet,
AUDITORS AND INSURANCE
Auditors: Information not available.
Insurance Brokers: Information not available.
FINANCE
Currency Reported: Mauritius Rupee (MUR)
Approx. Ex. Rate: 1 US Dollar = 31.85 Mauritius Rupee
Fiscal Year End: December 31, 2007
Inflation: According to information
given by independent sources, the inflation at December 31st, 2007 was of
13%.
Financial Information Not Submitted
BANK
Bank Name: Standard Bank,
Branch: Mauritius
Comments: None
TRADE
REFERENCES
Experiences: Good
NOTARIAL BONDS None
COMMENTS / ADDITIONAL INFORMATION
The company is under the
c/o INTERCONTINENTAL TRUST LTD.
This information was
obtained from outside sources other than the subject trustee itself
is an International
Business Company (IBC), which is registered in Mauritius, It is difficult to
investigate such a Company due to the Mauritius regulations protecting the non
disclosure of the name of the shareholders.
According to Mauritius business regulation, A Global Business Category 2
company, is under no obligation to state its directors, officers and
shareholders, also it’s under no obligation to file annual returns, prepare or
submit company accounts to any authority.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.12 |
|
UK Pound |
1 |
Rs.72.59 |
|
Euro |
1 |
Rs.63.52 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)