MIRA INFORM REPORT
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Report Date : |
11.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
KABELEK ENGINEERING LTD |
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Registered Office : |
30 Edith Cavell Street Port Louis |
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Country : |
Mauritius |
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Date of Incorporation : |
22.02.2007 |
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Com. Reg. No.: |
No. 68992 |
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Legal Form : |
Limited
Liability Company, Limited by shares |
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Line of Business : |
Engineering
company distribution of Electrical Products |
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 30,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
KABELEK ENGINEERING
LTD
Principal Address
30 Edith Cavell Street Port Louis Mauritius
Telephone: +230-2143730
Fax: +230-2143736
Email: None
Internet: None
Established
22/02/2007
Registration
No. 68992
Legal Form
Limited Liability
Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
20
Office & Factories
Head offices 1st Floor, 30 Edith Cavell Street, Port Louis
Mauritius
Branches None
Company Profile
Paid in Capital MUR. 100,000
Subscribed Capital MUR. 100,000
Shareholders
Name Position Amount
Ratio
Mr. N Mohamed Director
Mr. S Nahim Director
Total 100.00%
Credit Opinion
Our proposed
credit amount of USD 30,000 is recommendable
Affiliated Companies
None
Management/ Directors
President/ CEO (1)
Name Mr. N Mohamed
Remarks Top Decision Maker
President/ CEO (2)
Name Mr. S Nahim
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
Engineering company
distribution of Electrical Products
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. 20,000,000 (2007)
Exports
None
Export Ratio
0.0%
Import Ratio
20.0%
Domestic Market Share
20.0%
Banking relationship
Main
Banks MCB 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 30,000 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.48.72 |
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UK Pound |
1 |
Rs.82.17 |
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Euro |
1 |
Rs.65.90 |
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%)