MIRA
INFORM REPORT
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Report Date : |
15.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
SHAKTI OVERSEAS PTE LTD |
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Registered Office : |
303, 3rd Floor, Kl Centre, CNR Abattri, and
Olivier Street |
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Country : |
Mauritius |
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Date of Incorporation : |
16.5.1987 |
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Com. Reg. No.: |
40314 Mauritius |
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Legal Form : |
Limited Liability Company, Limited by Shares |
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Line of Business : |
Importers, Exporters & Distributors of all types of Timber and Heavy
Metal Scraps |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 50,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
SHAKTI OVERSEAS PTE
LTD
Principal Address
303, 3rd Floor, Kl Centre, CNR Abattri, and Olivier Street, Mauritius
Telephone: +230-2170201/ 2170852
Fax:+230-2170852
Email: Soplmu@indnet.mu
Internet: None
Established
16/5/1987
Registration
No. 40314 Mauritius
Legal Form
Limited Liability
Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
7
Office & Factories
Head offices 303, 3rd Floor, Kl Centre, CNR Abattri, and
Olivier Street, Mauritius
Branches None
Company Profile
Paid in Capital MUR. 100,000
Subscribed Capital MUR. 100,000
Shareholders
Name Position Amount
Ratio
Mr. Mangesh kumar
Thakkar CEO 100.00%
Mr., S Kumar
Thakkar 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 Mr.
Mangesh kumar Thakkar
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
Importers, Exporters
& Distributors of all types of timber and heavy metal scraps etc
Terms of payment
Buying terms 30% in cash, 70% on credit
Selling terms 50% in cash, 50% on credit
Suppliers
Industries , wood companies etc
Customers
Industries and Companies
Recent Sales
MUR. 32,000,000
(2007)
Exports
India, Asia, China
Export Ratio
80.0%
Import Ratio
90.0%
Domestic Market Share
5.0%
Banking relationship
Main Banks Mauritius
Commercial 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 50,000 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%)