MIRA
INFORM REPORT
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Report Date : |
27.10.2008 |
IDENTIFICATION DETAILS
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Correct Name : |
COMMERCE & REPRESENTATION POUR L OCEAN INDIEN LIMITEE |
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Registered Office : |
Grewals Lane Pailles |
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Country : |
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Date of Incorporation : |
16.07.1974 |
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Com. Reg. No.: |
74/01265/09 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importing of Industrial Kitchen and Laundry Equipment,
Industrial Cleaning Equipment, Chemical Products, Agro-Chemical Products,
Solvents, Bitumen, Medical Furniture 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 : |
USD140,000.00 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Name
Commerce &
Representation Pour L Ocean Indien Limitee
Also Trade as: COROI MAURICE LTEE
Contact Information
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Address |
Grewals Lane Pailles Mauritius |
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Postal Address |
792 Bellage (formerly 1138 Port Louis) |
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Telephone |
+ 230 286 3333 |
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Fax |
+ 230 286 3334 |
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Email |
contact@coroimu.com |
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Website |
www.coroi.mu |
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Other Information |
- |
Registration Data
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Date of Registration |
16/07/1974 |
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Registration number |
74/01265/09 |
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Legal address |
Grewals Lane Pailles Mauritius Mauritius |
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Legal Form |
Private Limited Company |
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Share Capital |
1,100,000.00 MUR |
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Other Registration Data |
- |
Shareholders
with Shares
It declined the shareholder names.
Board/Executive
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Name |
Mr. Denis Claude Koenig |
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Position within the company |
Director |
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Country of Birth |
France |
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Nationality |
French |
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Can fluently speak |
English, French |
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Name |
Mr.Gilbert de Robillard |
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Position within the company |
Managing Director |
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Country of Birth |
France |
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Nationality |
French |
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Can fluently speak |
English, French |
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Name |
Mr. Dani Joseph |
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Position within the company |
Sales and marketing supervisor |
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Country of Birth |
France |
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Nationality |
French |
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Can fluently speak |
English, French |
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Name |
Mr. Maynoa Louise |
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Position within the company |
HR Coordinator |
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Country of Birth |
France |
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Nationality |
French |
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Can fluently speak |
English, French |
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Name |
Mr. Bernad Thomas |
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Position within the company |
Service Manager |
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Country of Birth |
France |
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Nationality |
French |
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Can fluently speak |
English, French |
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Name |
Mr. J.Adelaide |
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Position within the company |
Marketing Analyst |
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Country of Birth |
France |
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Nationality |
French |
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Can fluently speak |
English, French |
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Name |
Mr. Didier V. Audibert |
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Position within the company |
Branch Manager |
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Country of Birth |
France |
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Nationality |
French |
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Can fluently speak |
English, French |
Changes in
Registration Data
None recorded
Activities (
realistic and officials)
The subject is involved in importing of industrial kitchen and laundry equipment, industrial
cleaning equipment, chemical products, agro-chemical products, solvents,
bitumen, medical furniture and consumables.
Brands: 3M,
A, Alto-Shaam, Angelo Po, Animo, Basf (agro-chemical), Beechwood, Bonnet,
Cambro,Cathy, Cidelcem, Conti, Dagard, Electrolux, Engen, Eurocave, Exxon Mobil
Aviation ,Lubricants,Foleycath, Gamko, Granuldisk, Imc, Karcher, Machines
Caplain, Meditek, Meiko, Multivac, Numatic, Panimatic, Premquip, Robot coupe,
Roller Grill, Rowlett, Santos, Sasol solvents, Sateri OY, Scotsman, Sofraca,
Solvay, Tournus, WRP.
Member of Chamber of Commerce of Mauritius
Staff
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Number of staff employed |
58 |
Export/Import
( Countries, goods and total values for the period)
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Imports From |
Italy, Turkey, Germany, UK, Russia |
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Importing Terms |
Letters of Credit |
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Import % and type of product |
100% - Finished Goods |
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Exports To |
- |
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Exporting Terms |
- |
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Export % and type of product |
- |
Facilities
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Owned |
Office, Warehouse |
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Premises Size |
- |
Subsidiaries
and Participation
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Parent Company |
- |
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Subsidiaries |
- |
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Affiliates |
- |
Branches
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Address |
3 Léoville L'Homme Street, Port-Louis |
Bankers
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Bank |
Mauritius Commercial Bank |
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Branch |
- |
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Address |
- |
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Telephone |
- |
Suppliers,
Partners
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Suppliers |
Not known |
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Agencies |
MEIKO FRIMONT S.P.A. Roboto Teknoloji San. ve Tic. Ltd. Okmeydani Mah. Piyale Pasa Bulvari |
Litigation,
Remarks on Payment
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Litigation |
None Recorded |
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Remarks on Payment |
No Complaints |
Financial
Information
It declined all financial information.
Representation
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Auditors |
- |
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Solicitors |
- |
Reporter Comments
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Comments |
In the interview conducted with Mr. Bernad Thomas ( Service Manager), he declined all financial information and bank
accounts citing the grounds of company confidentiality. The registered name of company is Commerce & Representation Pour L Ocean Indien Limitee. |
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Local Reputation |
The company being investigated is believed by local reporters to be a Medium Trade Risk and to be
Fair. |
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Owner/Shareholders Comments |
All or most of the owners / shareholders have an active participation in
the running of the business. |
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Age of Business |
Old Business |
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MAX CREDIT |
USD140,000.00 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.77 |
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UK Pound |
1 |
Rs.79.78 |
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Euro |
1 |
Rs.63.36 |
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%)