MIRA INFORM REPORT
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Report Date : |
05.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
MDC MAURITIUS LTD |
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Registered Office : |
Saint Joseph Road, Terre Rouge , Vacoas |
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Country : |
Mauritius |
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Date of Incorporation : |
18.02.1997 |
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Com. Reg. No.: |
No. C17495 Mauritius |
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Legal Form : |
Limited
Liability Company, Limited by shares |
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Line of Business : |
Distributors of
Cosmetics, Perfumes, Toothpastes, Toiletries, Household Products etc |
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 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
MDC MAURITIUS LTD
Principal Address
Saint Joseph Road, Terre Rouge , Vacoas Mauritius
Telephone: +230-2490852
Fax: +230-2490022
Email: j.dookun.mdc@intnet.mu
Internet: None
Established
18/02/1997
Registration
No. C17495 Mauritius
Legal Form
Limited Liability
Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
90
Office & Factories
Head offices Saint Joseph Road, Terre Rouge , Mauritius
Branches none
Company Profile
Paid in Capital MUR. 1,000,000
Subscribed Capital MUR. 1,000,000
Shareholders
Name Position Amount
Ratio
Mrs. Jadoo Dookun CEO
Dermann Holding Ltd Holding Co. 100.00%
Total 100.00%
Credit Opinion
Our proposed
credit amount of USD 100,000 is recommendable
Affiliated Companies
Company (1) MAURITIUS
COSMETICS LTD
Company (2) MDC (INDIAN OCEAN)
LTD
Management/
Directors
President/ CEO (1)
Name Mrs. Jadoo Dookun
Remarks Top Decision Maker
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
Distributors of
cosmetics, perfumes, toothpastes, toiletries, household products etc
Terms of payment
Buying
terms 30%
in cash, 70% on credit
Selling terms 80%
in cash, 20% on credit
Suppliers
Associated
Companies
Customers
Local
agencies , stores and outlets
Recent Sales
MUR. 278,000,000 (2007)
Exports
Madagascar &
neighboring Countries
Export Ratio
20.0%
Import Ratio
20.0%
Domestic Market Share
40.0%
Banking relationship
Main
Banks
Mauritius Commercial 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 100,000 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.44.26 |
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UK Pound |
1 |
Rs.79.19 |
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Euro |
1 |
Rs.64.42 |
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%)