%20LTD%2001-Nov-2008_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
|
Report Date : |
01.11.2008 |
IDENTIFICATION
DETAILS
|
Name : |
STYLE INTERNATIONAL TEXTILES (MITIUS) LTD |
|
|
|
|
Registered Office : |
Suite 005, Grand Bay Business Park Grand Bay |
|
|
|
|
Country : |
Mauritius |
|
|
|
|
Date of Incorporation : |
10.03.1987 |
|
|
|
|
Com. Reg. No.: |
87/04164/09 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacture of T-shirts, Polo Shirts,
Pullovers, Trousers, Shirts and Blouses Production. |
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 |
|
Maximum Credit Limit : |
USD 280,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
Company
Name
Style
International Textiles (Mitius) Ltd
Company acronym:
-
Contact Information
|
Address |
Suite 005, Grand Bay Business Park Grand Bay, Mauritius |
|
Postal Address |
P O BOX 883 Port Louis |
|
Telephone |
+ 230 263 2360 + 230 263 2360 + 230 263 2362 + 230 263 2363 + 230 263 2364 |
|
Fax |
+ 230 254 0316 |
|
Email |
info@styletextiles.com |
|
Website |
www.stryletextiles.com |
Registration Data
|
Date of Registration |
10/03/1987 |
|
Registration number |
87/04164/09 |
|
Legal address |
Suite 005, Grand Bay Business Park Grand Bay, Mauritius |
|
Legal Form |
Private Limited Company |
|
Share Capital |
4,000,000.00 MUR |
Shareholders
with Shares
It declined the shareholder names.
Board/Executive
|
Name |
Mr. Gert Jacke |
|
Position within the company |
Managing Director |
|
Can fluently speak |
English |
|
Mobile |
+230 254 0316 |
|
E-mail |
gertjacke@styletextiles.com |
|
Name |
Mrs. N. Thupsee |
|
Position within the company |
Secretary |
|
Country of Birth |
Mauritius |
|
Nationality |
Mauritian |
|
Can fluently speak |
English |
Changes in
Registration Data
None recorded
Activities (
realistic and officials)
Manufacture of T-shirts, Polo shirts,
pullovers, trousers, shirts and blouses production.
Staff
|
Number of staff employed |
120 |
Export/Import
( Countries, goods and total values for the period)
|
Imports From |
Europe |
|
Importing Terms |
Letters of credit |
|
Import % and type of product |
5% - Machineries |
|
Exports To |
USA, EEC countries |
|
Exporting Terms |
Letters of Credit |
|
Export % and type of product |
30% - Finished Products |
Facilities
|
Owned |
Office, Warehouse, Workshop |
Branches
|
Address |
1st Floor Meubles Des Lies Building R Royal Road Pointe Aux Canonnier Mauritius 3rd Floor, Regency Plaza Bangladesh Unit 1505A, Shanghai Square Office Tower, |
Representative Offices
|
Address |
Germany Office Italy Office |
Suppliers,
Partners
|
Suppliers |
Not known |
|
Partners |
Not Known |
Litigation,
Remarks on Payment
|
Litigation |
None Recorded |
|
Remarks on Payment |
No Complaints |
Financial
Information
It declined all financial information.
Reporter Comments
|
Comments |
In the interview conducted with Mrs. N. Thupsee , she declined all financial
information and bank account numbers citing the grounds of company
confidentiality. |
|
Local Reputation |
The company being investigated is believed by local reporters to be a Medium Trade Risk and to be
fair. |
|
Owner/Shareholders Comments |
All or most of the owners / shareholders have an active participation in
the running of the business. |
|
Age of Business |
Old Business |
|
MAX CREDIT |
USD280,000 |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.25 |
|
UK Pound |
1 |
Rs.80.36 |
|
Euro |
1 |
Rs.62.84 |
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%)