MIRA
INFORM REPORT
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Report Date : |
02.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
APOLLO HOLDINGS PVT LTD |
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Registered Office : |
01-08 STO TRADE CENTRE ORCHID MAGU M MALE |
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Country : |
Maldives |
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Date of Incorporation : |
05 02 1990 |
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Com. Reg. No.: |
MV4311 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers Agents
Stockists Wholesalers and General Merchant of Building Materials Equipments Construction
Machinery Cement Yanmar and Yamaha Brand Marine Filtration Systems Engines
Parts Accessories and Customs Brokers
Clearing and Forwarding Agents and Transportation
Services |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
Company Name, Address
APOLLO HOLDINGS PVT LTD
MALE
Correct Address 01-08
STO TRADE CENTRE
ORCHID MAGU M
MALE MADIVES
Registered address AT
HEADING ADDRESS
Operating Address AT
HEADING ADDRESS
Telephone
960
320065
335699
Fax 960 335706
Telex NONE
Branches
NONE
Factory
NONE
Date, Established
05 02 1990
Incorporation No
MV4311 DATED 05 02
1990
Legal Status
PRIVATE LIMITED
COMPANY
Businesses
IMPORTERS AGENTS
STOCKISTS WHOLESALERS AND GENERAL MERCHANT OF BUILDING MATERIALS EQUIPMENTS
CONSTRUCTION MACHINERY CEMENT YANMAR AND YAMAHA BRAND MARINE FILTRATION SYSTEMS
ENGINES PARTS ACCESSORIES AND CUSTOMS
BROKERS CLEARING AND FORWARDING AGENTS AND TRANSPORTATION SERVICES
Board of Directors
MOHAMED HANEEF - MANAGING DIRECTOR
MUHAMMAD NAJAH
HASSAN DIDI
Bankers
BANK OF MALDIVES LTD
MALE
STATE BANK OF INDIA
MALE
Payments
PROMPT
Financial Position
VERY GOOD ADEQUATE
RESOURCES AVAILABLE
Shareholders
MR AHMED HANEEF 50
MUHAMMAD NAJAH 50%
Associates
NONE
Buying/Selling term
PER 100% IRREVOCABLE
AND CONFIRMED L/C AT SIGHT DRWAN BASIS
Credit Maximum [USD]
100000 CAN BE GRANTED
ON MUTUAL AGREED SECURED TERM BASIS
Imports from
WORLDWIDE
Export to
NONE
Court, bad credit
NO COURT ARBITRATION, NON-PAYMENT/LOANS DISPUTE ARE LEARNT
History
REPUTED CO
Agency
NONE
Trade Suppliers
NONE
Premises
RENTED BASIS
Employs
40 +
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 2006 IN
RUPEES / MILLION
PAIDUP 1.00
RESERVES / SURPLUS 20.65
DEFERRED LIABILITIES 28.45
50.10
CAPITAL SOURCES
CURRENT ASSETS 33.10
INVESTMENTS 5.85
FIXED ASSETS 15.00
53.95
LESS
CURRENT LIABILITIES 3.85
50.10
TURNOVER APPROX 75.00
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%)