MIRA INFORM
REPORT
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Report Date : |
05.08.2011 |
IDENTIFICATION DETAILS
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Name : |
SCOTT HEALTH LTD |
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Registered Office : |
Industrial Park
1, Riche Terre, Port Louis |
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Country : |
Mauritius |
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Date of Incorporation : |
09.04.1990 |
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Com. Reg. No.: |
C8730 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
distributors of
pharmaceutical and health care products and related facilities |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Mauritius |
a2 |
a2 |
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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 |
SUBJECT'S NAME
Registered Name: SCOTT HEALTH LTD
Requested Name: SCOTT
HEALTH LTD.
Other Names: None
ADDRESS AND TELECOMMUNICATION
Physical Address: Industrial
Park 1, Riche Terre, Port Louis
Postal Address: Industrial
Park 1, Riche Terre,
Port Louis
Country: Mauritius
Phone: 230-2069400
Fax: 230-248940
Email: scott.admin@scott.mu
Website: None
LEGAL
Legal Form: Limited Corporation
Date Incorporated: 9-April-1990
Reg. Number: C8730
Nominal Capital MUR 15,000,000
Subscribed Capital MUR 15,000,000
Subscribed Capital is Subscribed in the following form:
Position Shares
Mr. Tim Taylor Chairman
Mr. Clovis Wong Director
Mr. Matthew Taylor Director
Mr. Anthony R. Coombes Director
Mr. Pralad
Sunassee Director
Mr. Faizal
Somauroo Finance Manager
Scott & Co Ltd Holding Company
RELATED COMPANIES
Scott & Co Ltd Parent company.
None Subsidiary company.
SCOTT CONSUMER LTD
COPHARMA LTD Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
OPERATIONS
Registered to operate as distributors of pharmaceutical and health care
products and related facilities
Imports: Australia, Europe,
Asia and South Africa
Exports: Neighboring
Countries
Trademarks: None
Terms
of sale: Cash (40%) and 30
days (60%), invoices.
Main
Customers: Distribution firms
, Hotels, Supermarkets etc
Employees: 200 employees.
Vehicles: Several motor
vehicles.
Territory
of sales: Mauritius
Location: Owned premises, 40.000
square feet,
AUDITORS AND INSURANCE
Auditors: DE
CHAZAL DU MEE & CO
Insurance
Brokers: Information not available.
FINANCE
Currency Reported: Mauritius Rupee (MUR.)
Approx. Ex. Rate: 1 US Dollar = 27.81 Mauritius Rupee
Fiscal
Year End: December 31, 2010
Inflation: According to
information given by independent sources, the
inflation
at December 31st, 2010 was of 13%.
Financial
Information not Submitted
Profit and Loss
(expressed in MUR.)
2010
Sales 450,000,000
BANK
Bank Name: Mauritius Commercial Bank
Branch: Port Louis
Comments: None
TRADE
REFERENCES
Experiences: Good
NOTARIAL
BONDS
None
COMMENTS / ADDITIONAL INFORMATION
This information was obtained from outside sources other than the subject
company itself and confirmed the above subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.42 |
|
UK Pound |
1 |
Rs.72.70 |
|
Euro |
1 |
Rs.63.55 |
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 |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.