MIRA
INFORM REPORT
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Report Date : |
25.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
SHAKTI OVERSEAS PTE LTD |
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Registered Office : |
303 - 3rd Floor, Kuala Lumpur Centre, Abattoil Oliver Street, Port
Louis |
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Country : |
Mauritius |
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Date of Incorporation : |
05.03.2002 |
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Com. Reg. No.: |
No. 40314 Port Louis Mauritius |
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Legal Form : |
Limited
Liability Company, Limited by shares |
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Line of Business : |
General Trading
Company |
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, Kuala Lumpur Centre, Abattoil Oliver Street, Port Louis
Telephone: +230-2170852
Fax: +230-2170200
Email: None
Internet: None
Established
05/03/2002
Registration
No. 40314 Port Louis Mauritius
Legal Form
Limited Liability
Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
30
Office & Factories
Head offices 303 - 3rd Floor, K L Centre, Abattoil Oliver
Street, Port Louis Mauritius
Branches none
Company Profile
Paid in Capital MUR. 1,000,000
Subscribed Capital MUR. 1,000,000
Shareholders
Name Position Amount
Ratio
Mr. Mangesh
Kumar Director
Mr. Anil P
Suraj 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. Mangeshkumar Thakkar
Remarks Top
Decision Maker
Business Activities
General Trading
company
Terms of payment
Buying terms 30% in cash, 70% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
Various
Customers
Local agencies , stores and
outlets
Recent Sales
MUR. 54,000,000
(2007)
Exports
Neighboring
countries
Export Ratio
20.0%
Import Ratio
10.0%
Domestic Market Share
20.0%
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.
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%)