%20LIMITED%2028-Jun-2008_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
|
Report Date : |
28.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
MIRACHEM (MARKETING) LIMITED |
|
|
|
|
Formerly Known as : |
MIRACHEM INTERNATIONAL LTD |
|
|
|
|
Registered Office : |
Mira Bldgs,Triq Kan Karmnu Pirotta B’Kara BKR
1114 BIRKIRKARA |
|
|
|
|
Country : |
Malta |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
01.01.1984 |
|
|
|
|
Com. Reg. No.: |
C 8790 Valletta |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Trade in detergents, cosmetics toiletries and pharmaceuticals,
household goods and wares and ancillary lines and products |
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
NAME & ADDRESS
NAME INQUIRED
UNDER: Mirachem (Marketing) Ltd
Correct Registered
Name: MIRACHEM (MARKETING)
LIMITED
Address: Mira
Bldgs,Triq Kan Karmnu Pirotta B’Kara
BKR 1114 BIRKIRKARA MALTA
Telephone: +356-21443545
+356-21488590
Fax: +356-21499415
Email: info@mirachemltd.com
LEGAL STATUS
Legal Form: Private Limited
Liability Company
Date of
foundation: 01.01.1984
Registration
number and city: C 8790 Valletta
Registration date:
28.05.1987
Name Registered
Under: Mirachem International
Ltd
Present Style
Adopted on: 30.11.2001
Former
registration name: Mirachem
International Ltd
Former company
names: Mirachem International
Ltd
Activity status: 1987 - active company
PAYMENT
Regular
GOOD FOR AMOUNT
& TERMS OF INQUIRY: Yes
Nothing adverse is reported; the company is held to be reliable and not
expected to exceed its possibilities. It is held to be reliable for amounts
relative to its size and line of trade. No currency is specified with the
figure of 500,000 indicated.
COMMERCIAL
MORALITY: Good
FINANCIAL
STRENGTH: Good
PRINCIPALS
SHAREHOLDERS:
|
Full Name |
Function |
Nationality |
EQUITY |
Address |
|
Mr. Nickolai GRECH |
Director / General Manager |
MALTA |
20.53% |
8, Palm Lodge, Triq il-Majjistral |
|
Mr. Andre' GRECH |
Managing Director (Company Secretary) |
MALTA |
20.53% |
58, Fl 9, Triq Sir Arturo Mercieca |
|
Ms. Janika Maria HARRISON |
Shareholder |
|
20.53% |
154, Knejna, Triq Santa Margerita |
|
Mr. Ferdinand A GRECH |
Shareholder |
MALTA |
38.41% |
PALM LODGE, TRIQ IL-MAJJISTRAL |
MANAGEMENT
|
Full Name |
Age |
Function |
Qualification |
Experience |
Address |
|
Mr. Nickolai GRECH |
28 |
Director / General Manager |
N/A |
N/A |
8, Palm Lodge, Triq il-Majjistral |
|
Mr. Andre' GRECH |
33 |
Managing Director (Company Secretary) |
N/A |
N/A |
58, Fl 9, Triq Sir Arturo Mercieca |
ACTIVITIES
Importers &
Distributors & Exporters
OPERATIONS:
NACE
0000
SIC
5145 Confectionery
To carry on the business and generally trade in detergents, cosmetics
toiletries and pharmaceuticals, household goods and wares and ancillary lines
and products
Brands (Personal Care):Compagnia delle Indie, EMI, EN LIVEN, MALIZIA, CEST
NOUVEAU, MILMIL, NEUTRO LIFE, SHELLEY, SPORTSTAR, ABS, NILO, MR CLEAN, FRENCH
CONNECTION
Brands (Wines & Spirits): Albert Bichot, Cevico, Leaping, Nobili Palazzoli,
Rallo, Stefano Farina, Castello di Querceto, Balassi, Montezovo, Normanno,
Romandiola, Castlenuovo, Klipfel, Nicolas Feuillate, Pio Cesare, Ronco, Vodka
Mudshake, Salitos, Kristov Vodka Cruiser, Vladivar Cocktails, Vodka Twistee,
FX,
Brands (Non-Alcoholic): Caprisun (Juices)
Brands (Baby): Baby Clean, Fippi, Pacichino, Baby Active, Bauxi, Little Ruscals
Brands (Food): Chio, De Nigris, Minerva
|
MOTOR VEHICLES: |
|
|
|
|
IMPORTS: |
|
|
|
|
EXPORTS: |
The company does not undertake any exports. |
AGENCIES
|
TRADE SUPPLIERS
|
NUMBER OF EMPLOYEES
21
DESCRIPTION OF PREMISES
|
Address: |
Birkirkara MALTA |
|
Type of premises: |
Premises |
|
SIZE: |
2000 Sq. Metres |
HEADQUARTERS
Owned property :
Mira Buildings
Triq K. Pirotta
B’Kara
RELATED COMPANIES
Sister Company
MERCURY IMPORTS LIMITED , MALTA
Sister Company
Mercury Investments Ltd , MALTA
Mercury Investments Ltd – sister company dealing in property
Mercury Imports Ltd another sister company dealing in other importation
BANKERS
Bank of Valletta plc
Labour Avenue, Naxxar, Malta
AUDITORS / ACCOUNTANTS
Date: 31.12.2006
Financials have been audited
Company: Raymond J Vella CPA, 193 Ursuline Sisters Street, G'Mangia, Malta
SHARE CAPITAL
|
|||||||||||||||||||||||||||
CHARGES
This information is not available.
FINANCE
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
GENERAL COMMENTS
Ferdinand A. Grech
established the company in 1984. In its initial stages, the company relied on local
manufacturing as its main source of supply but then branched out into
importation. The business in now run by the three children who are following
their father's footsteps, keeping the company within family control.
The company's main activity was previously focused on the importation and
distribution of toiletries and baby-care products. Today their portfolio also
includes wines and spirits, non-alcholic beverages and catering industry
products.
Last Annual Retrn is made up to 28 May 2007.
Company Representation:
Company Filed Changes: The Legal & Judicial Representation is vested in any
one director or, in any person or persons nominated by the Board.
Court Information and Defaulting Debts: No Registrations.
Company filed changes:
01.06.08: Ferdinand Grech and Janika Harrison nee' Grech resigned as directors.
15.03.05: The company increased its issued share capital from Lm50,000 to
Lm100,000 - cash increase.
15.03.05: Nicholai Grech and Janika Grech were appointed directors and vested
with legal and judicial representation.
30.11.01: The company changed its name from: Mirachem International Ltd to:
Mirachem (Marketing) Ltd.
31.12.97: The company changed its registered address from: Mira Buildings, T.
Wizzani Street, Birkirkara to: Mira Buildings, Triq Kan. Karmnu Pirotta,
Birkirkara.
17.09.92: The company changed its registered address from: 5, Josmar Flats, St.
Luke's Road, Gwardamangia to: Mira Buildings, T. Wizzani Street, Birkirkara.
Director Involvements:
Other involvements of Grech Andre´ 381575M - Born 1975
FOUR SQUARE PROPERTIES LIMITED Director
MERCURY IMPORTS LIMITED Director, Shareholder & Secretary
DEKON MALTA LIMITED Shareholder
Other involvements of Grech Nicholai 456180M - Born 1980
FOUR SQUARE PROPERTIES LIMITED Director
DEKON MALTA LIMITED Shareholder
MERCURY IMPORTS LIMITED Shareholder & Secretary
Contact information: Email
address: info@mirachemltd.com
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.27 |
|
UK Pound |
1 |
Rs.86.28 |
|
Euro |
1 |
Rs.68.24 |
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%)