MIRA
INFORM REPORT
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Report Date : |
13.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
MUKSHA
DIAMOND DISTRIBUTORS LTD |
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Registered Office : |
P.O Box 162 Curepipe |
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Country : |
Mauritius |
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Date of Incorporation : |
7.9.1996 |
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Com. Reg. No.: |
21230 Cure pipe, Mauritius |
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Legal Form : |
Limited Liability Company, Limited by Shares |
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Line of Business : |
Distributors of Precious Stones |
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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
MUKSHA
DIAMOND DISTRIBUTORS LTD
Principal Address
P.o Box 162 Curepipe, Mauritius
Telephone: +230-4330744/ 6376181
Fax: +230-4330879
Email: mukundr@intnet.mu
Internet: None
Established
7/9/1996
Registration
No. 21230 Cure
pipe, Mauritius
Legal Form
Limited Liability
Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
20
Office & Factories
Head offices Office F6, Free Port Warehouse Plaisance Air Port,
Mauritius
Branches None
Company Profile
Paid in Capital MUR. 100,000
Subscribed Capital MUR. 100,000
Shareholders
Name Position Amount
Ratio
Mr. S Hirji Director
Mr. N Sunil Director
Mr. A Kunal Director
Total 100.00%
Affiliated Companies
None
Management/ Directors
President/ CEO (1)
Name Mr. S Hirji
Remarks Top
Decision Maker
President/ CEO (2)
Name Mr. N
Sunil
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
Distributors of
Precious stones
Terms of payment
Buying terms None
Stated
Selling terms Terms
Suppliers
Various
Customers
Various Companies
Recent Sales
MUR. 268,000,000
(2007)
Exports
Europe, Asia
Export Ratio
50.0%
Import Ratio
50.0%
Domestic Market Share
2.0%
Banking relationship
Main Banks HSBC 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.
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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%)