MIRA
INFORM REPORT
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Report Date : |
09.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
MWT
PAPER PROCESSING LTD |
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Registered Office : |
Grewals Lane, Pailles |
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Country : |
Mauritius |
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Date of Incorporation : |
01.08.1989 |
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Com. Reg. No.: |
8167 Mauritius |
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Legal Form : |
Limited Liability Company, Limited by Shares |
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Line of Business : |
Import, Processing and Distribution of Paper for the Printing Industry |
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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Maximum Credit Limit : |
USD 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
MWT PAPER
PROCESSING LTD
Other Name
MAUVILAC
AND WIGGINS TEAPE PAPER PROCESSING LTD
Principal Address
Grewals Lane, Pailles, Mauritius
Telephone: +230-2867101
Fax: +230-2867102
Email: mwt@mauvilacgroup.com
Internet: www.mauvilacgroup.com
Established
01/08/1989
Registration
No. 8167 Mauritius
Legal Form
Limited Liability
Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
50
Office & Factories
Head offices Grewals Lane, Pailles, Mauritius
Branches None
Company Profile
Paid in Capital MUR. 100,000
Subscribed Capital MUR. 100,000
Shareholders
Name Position Amount
Ratio
Mr. J. Bernard Maurel CEO
Mr. Guy
Maurel Director
Mr. Denis Ithier Director
Mr. Anwar Kaidoo Director
Wiggins
Teape(ANTALIS) South Africa Shareholder 50.00%
Mauvilac Group Shareholder 50.00%
Total 100.00%
Credit Opinion:
Our proposed credit amount of USD 100,000 is recommendable
Affiliated Companies
Company (1)
Company Name Mauvilac Chemicals Ltd
Head Office Pailles Road, Les Pailles Mauritius
Telephone +230-2064700
Fax +230-2124308
E-mail mcl@mauvilacgroup.com
Line of Business Produce of chemicals and dyes
Company (2)
Company Name ALCODIS
LTD
Head Office Royal Road, Rose Belle, Mauritius
Telephone +230-6272666
Fax +230-6272668
E-mail alcodis@mauvilacgroup.com
Line of Business Produce of ethanol
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Company (3) Company Name Head Office Pailles Road, Pailles. Mauritius Telephone +230-2064700 Fax +230-2124308 E-mail mauvilac@mauvilacgroup.com Line of Business Manufacture of printing inks and other auxiliary
products |
Management/ Directors
President/ CEO (1)
Name Mr. J. Bernard Maurel
Remarks Top
Decision Maker
President/ CEO (2)
Name Mr. Mr. Guy Maurel
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
Import, processing
and distribution of paper for the printing industry
Terms of payment
Buying terms 30% in cash, 70% on credit
Selling terms 50% in cash, 50% on credit
Suppliers
Various
Customers
Companies, industries,
Distributors etc
Recent Sales
MUR. 42,000,000
(2007)
Exports
None
Export Ratio
0.0%
Import Ratio
20.0%
Domestic Market Share
20.0%
Banking relationship
Main Banks MCB 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 100,000 outstanding at any one time.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.72 |
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UK Pound |
1 |
Rs.84.42 |
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Euro |
1 |
Rs.67.38 |
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%)