MIRA
INFORM REPORT
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Report Date : |
11.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
GROUPE R L M INTERGRAPH MAURITIUS |
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Registered Office : |
Grewals Lane Pailles |
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Country : |
Mauritius |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
04.09.1981 |
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Com. Reg. No.: |
C3545 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
Suppliers of Graphic
Art/Printing Equipment, Spare Parts and Consumables |
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 80,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUBJECT'S NAME
Registered Name: GROUPE R L M INTERGRAPH MAURITIUS
Requested Name: GROUPE
R L M INTERGRAPH MAURITIUS
Other Names: ROBERT LE MAIRE INTERGRAPH LTÉE.
ADDRESS AND TELECOMMUNICATION
Physical Address: Grewals Lane Pailles, Mauritius
Postal Address: P.o Box 751, Bell Village, Les
Pailles
Port Louis
Country: Mauritius
Phone: 230-2865170/2125170/2038000
Fax: 230-2865180/2125180/2088002
Email: robgraf@intnet.mu,
headoffice.rlm@rlmgroup.mu
Website: www.rlmgroup.mu
CREDIT OPINION & RISK RATING
ASSESSMENT
Financial Index as of December 2007 shows subject firm
with a medium risk of credit. However, bank and credit information obtained
reveal a history of prompt payments. We recommend Credit of USD 80,000 on 90
days.
LEGAL
Legal Form: Limited Corporation
Date Incorporated: 4-Sept-1981
Reg. Number: C3545
Nominal Capital MUR 100,000
Subscribed Capital MUR 100,000
Paid Up Capital MUR 100,000
Subscribed
Capital is Subscribed in the following form:
Position Shares
Mr. Roger Koenig MD/ CEO 20%
Mr.
Patrick Mace Director 20%
Other
Directors Directors 60%
RELATED COMPANIES
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
1 branch in Mauritius Branches of the firm
OPERATIONS
Registered to operate suppliers of graphic
art/printing equipment, spare parts and consumables.
Imports: Europe
and Asia
Exports: Neighboring
islands (30%)
Trademarks: None
Terms of sale: Cash
(40%) and 30 days (60%), invoices.
Main Customers: firms
and organizations
Employees: 60
employees.
Vehicles: Several
motor vehicles.
Territory of sales: Mauritius
Location: Owned
premises, 20.000 square feet,
AUDITORS AND INSURANCE
Auditors: Deloitte & Touche
Kemp Chaterris, 3rd Floor, La Chaussée , Port Louis
FINANCE
Currency Reported: Mauritian Rupee (MUR)
Approx. Ex. Rate: 1 US Dollar = 32.5 Mauritian Rupee
Fiscal Year End: December 31, 2007
Inflation: According to
information given by independent sources, the inflation at December 31st,
2007 was of 13%.
Financial Information Not Submitted
Profit and Loss (expressed in MUR)
2007
Sales 98,000,000
Net Profit (Loss) 5,000,000
BANK
Bank Name: Mauritius Commercial Bank
Branch: Port Louis
Enquiry Amount: 60,000
Terms: 30 days
Bank Code: Code
-C which means good for normal Business Engagements
Comments: Overdraft None, Promissory notes- None
TRADE
REFERENCES
Experiences: Good
NOTARIAL BONDS None
CHECK
INSOLVENCIES
The checks have been
made on: The company
and managers
PROTESTS
AND NEGATIVE ELEMENTS
The company and the
following officers Mr. Roger Koenig, Mr. Patrick Mace
, have been checked at the Registries of companies and
with the judicial local facilities.
PROTESTS RECORDED
No protests in the name of the company and its
officers, No protests on the associated concerns, No protests on shareholders/partners,
Check on Prejudicial Events as per Commercial Court office
NEGATIVE ELEMENTS
Researches effected
concerning possible prejudicial events
in the name of the company
revealed: No negative elements since 01/01/2000
Date of the check on protests and prejudicial events:
30/10/2008
COMMENTS / ADDITIONAL INFORMATION
This information was obtained from outside sources
other than the subject company itself and confirmed the above subject.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.59 |
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UK Pound |
1 |
Rs.74.55 |
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Euro |
1 |
Rs.60.57 |
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%)