MIRA
INFORM REPORT
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Report Date : |
28.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
REY
AND LENFERNA LTD |
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Registered Office : |
P.O. Box 524 Royal Road Bell-Village, Port
Louis |
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Country : |
Mauritius |
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Date of Incorporation : |
27.11.1940 |
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Com. Reg. No.: |
C620 Port Louis, Mauritius |
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Legal Form : |
Limited Liability Company, Limited by Shares |
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Line of Business : |
Provide Mechanical and Electrical Services for Building Projects such
as air-conditioning & ventilation, fire alarm, generators, &
electrical installations. |
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 200,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
REY AND LENFERNA
LTD
Principal Address
P.o. Box 524 Royal Road Bell-Village, Port Louis, Mauritius
Telephone: +230-2034400
Fax: +230- 2089876
Email: jhgardenne@reylenferna.com
Internet: www.reylenferna.com
Established
27/11/1940
Registration
No. c620 Port
Louis, Mauritius
Legal Form
Limited Liability
Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
250
Office & Factories
Head offices Royal Road Bell Village, 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. Ben Jhuboo CEO
Mr. Bruno Juste Director
Mr. Melvyn Koa
Wing Director
Mr. Jose
Nalletamby Director
Mrs. Jean-Marie
Nuteau Director
Mr. Marc Lagane Director
Mr. David Pougnet Director
Mr. François
Laverdant Director
Mr. Jean Claude
Baissac Manager
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 200,000 is recommendable
Affiliated Companies
REY & LENFERNA
INTERNATIONAL LTD
Management/ Directors
President/ CEO (1)
Name Mr.
Ben Jhuboo
Remarks Top
Decision Maker
President/ CEO (2)
Name Mr. Bruno Justie
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
Provide mechanical
& electrical services for building projects such as air-conditioning &
ventilation, fire alarm, generators, & electrical installations.
Terms of payment
Buying
terms 30% in cash, 70% on credit
Selling
terms 80% in cash, 20% on credit
Suppliers
Various
Customers
None
Recent Sales
MUR. 400,000,000
(2007)
Exports
None
Export Ratio
0.0%
Import Ratio
20.0%
Domestic Market Share
20.0%
Banking relationship
Main
Banks ECO 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 200,000 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.42.79 |
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UK Pound |
1 |
Rs.85.04 |
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Euro |
1 |
Rs.67.39 |
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%)