MIRA INFORM REPORT
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Report Date : |
05.04.2011 |
IDENTIFICATION DETAILS
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Name : |
QUINCAILLERIE 2000 |
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Registered Office : |
Lot II M6 G Mahavoky Andravoahangy, 101 |
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Country : |
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Date of Incorporation : |
15.06.1997 |
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Com. Reg. No.: |
8199 |
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Legal Form : |
Limited Liability Company, Limited by shares |
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Line of Business : |
Importers & Retailers of hardware,
hardware tools and equipments, plywood 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 : |
60,000 USD |
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Status : |
Good |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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c1 |
c1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
COMPANY SUMMARY
Currency of
Report: MGA
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COMPANY REPORTED: |
QUINCAILLERIE
2000 |
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Principal Address: |
Lot II M6 G Mahavoky Andravoahangy, 101 |
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Telephone: |
+261-331131143/ 2230583/ 331131143/ 202225109/
202233382 |
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Fax: |
+261-202231143/ 2230207 |
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Email: |
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Internet: |
None |
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Established: |
15/06/1997 |
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Registration: |
8199 |
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Legal Form: |
Limited Liability Company, Limited by shares |
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Stock Listing: |
Not Listed |
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Workforce: |
2010 |
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60 |
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Office & Factories |
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Head offices |
Lot II M6 G Mahavoky Andravoahangy, 101 |
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Branches |
None |
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CREDIT RECOMENDATION
Current Credit
Limit: 60,000 USD
DIRECTORS/MANAGEMENT
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Management/ Directors |
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President/ CEO (1) |
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Name |
Mr. M A Ramen |
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Remarks |
Top Decision Maker |
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Director (2) |
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Name |
Mr. L Radhakrisna |
̃ 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.
NEGATIVE INFORMATION
No negative information found.
SHARE & SHARE CAPITAL
INFORMATION
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Company Profile: |
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Nominal Capital |
MGA. 100,000,000 |
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Paid in Capital |
MGA. 100,000,000 |
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Subscribed Capital |
MGA. 100,000,000 |
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Shareholders |
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Name |
Position |
Amount |
Ratio |
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Mr. M A Ramen |
Director |
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Mr. L Radhakrisna |
Director |
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Mr. Z Asgaraly |
Director |
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Total |
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100.00% |
PAYMENT INFORMATION
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Terms of payment |
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Buying terms |
30% in cash, 70% on credit |
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Selling terms |
80% in cash, 20% on credit |
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Recent Sales |
MGA. 12,600,000,000 (2010) |
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Exports |
Neighbouring islands |
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Export Ratio |
2.0% |
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Import Ratio |
70.0% |
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Domestic Market Share |
40.0% |
GROUP STRUCTURE & AFFILIATED
COMPANIES
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Affiliated Companies |
None |
FINANCIAL INFORMATION
No financial
statement disclosed.
ADDITIONAL INFORMATION
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Business Activities |
Importers & Retailers of hardware, hardware
tools and equipments, plywood etc |
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Suppliers |
DEWALT, |
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Customers |
Construction companies, and individuals |
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Business Premises |
5000 Sft |
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Type of occupation
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Leased |
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Location
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The subject is located close to a major road
network |
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Premises used as
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Offices |
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Banking relationship |
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Main Banks |
Union Commercial Bank SA, |
Credit Check of Subject,
President & CEO
(as of report date)
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Payment Morale: |
In the documents at our disposal nothing
adverse has been shown so far. |
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CREDIT RATING: |
Financial situation is average. |
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.65 |
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1 |
Rs.71.93 |
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Euro |
1 |
Rs.63.24 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.