MIRA
INFORM REPORT
|
Report Date : |
17.01.2008 |
IDENTIFICATION
DETAILS
|
Name : |
M HASSAMAL & CO |
|
|
|
|
Registered Office : |
10 Corderie Street, Port Louis |
|
|
|
|
Country : |
Mauritius |
|
|
|
|
Date of Incorporation : |
1978 |
|
|
|
|
Com. Reg. No.: |
No. 13468 Port Louis, Mauritius |
|
|
|
|
Legal Form : |
Limited
Liability Company, Limited by Shares |
|
|
|
|
Line of Business : |
Retailers of
Perfumers and related Products. |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Maximum Credit Limit : |
USD 50,000 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
COMPANY REPORTED
M HASSAMAL & CO
Actual Name
S M HASSAMAL & CO
Principal Address
10 Corderie Street, Port Louis, Mauritius
Telephone: +230-4652764
Fax: +230-4540207
Email: None
Internet: None
Established
1978
Registration
No. 13468 Port Louis, Mauritius
Legal Form
Limited Liability company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
50
Office &
Factories
Head offices
10 Corderie Street, Port Louis, Mauritius
Branches
One
Company Profile
Paid in Capital MUR. 100,000
Subscribed Capital MUR. 100,000
Shareholders
Name Position Amount
Ratio
Mr. S M Hassamal CEO
Mr. K Hassamal Director
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 50,000 is
recommendable
Affiliated Companies
None Stated
Management/ Directors
President/ CEO (1)
Name Mr. S M Hassamal
Remarks Top
Decision Maker
President/ CEO (2)
Name Mr. K Hassamal
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
Retailers of Perfumers and related Products etc
Terms of payment
Buying terms 30% in cash, 70% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
None
Customers
Public
Recent Sales
MUR. 80,000,000
(2007)
Exports
AUSTRIA,
SWITZERLAND, CHINA
Export Ratio
< 10.0%
Import Ratio
60.0%
Domestic Market Share
52.0%
Banking relationship
Main Banks Barclays 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
|
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%)