MIRA INFORM REPORT
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Report Date : |
24.12.2011 |
IDENTIFICATION DETAILS
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Name : |
LE VIN FRANCAIS LTEE |
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Registered Office : |
C/o Interface Management Services Ltd 9th Floor Raffles Tower, 19 Cybercity, Ebene |
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Country : |
Mauritius |
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Date of Incorporation : |
06.10.2005 |
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Com. Reg. No.: |
C58917 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
wholesaling and
Distributors of Wine, Beer, Whisky and Spirits |
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No. of Employees
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30 persons |
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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Maximum Credit Limit : |
USD 50,000 |
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Status : |
Moderate |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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: LE VIN FRANCAIS LTEE
Requested Name: LE
VIN FRANCAIS
Other Names: None
ADDRESS AND TELECOMMUNICATION
Physical Address: Rue
La Route Charette 000 Cap Malheureux Ile Maurice
Registered Address: C/o Interface
Management Services Ltd 9th Floor Raffles Tower
19 Cybercity,
Ebene, Mauritius
Postal Address: 42,Industrial Zone, Solitude,
Triolet
Country: Mauritius
Phone: +230-2617292/ 2573069
Cell: +2307676327
Fax: +230-2610879
Email: levinfrancais@gmail.com
Website: None
CREDIT OPINION
Financial Index as of
December 2010 shows subject firm with a medium risk of credit. However, bank
and credit information obtained reveal a history of prompt payments. We
recommend Credit of USD 50,000 on 90 days.
LEGAL
Legal Form: Limited Corporation
Date Incorporated: 06/10/2005
Reg. Number: C58917
Nominal Capital MUR. 1,000,000
Subscribed Capital MUR. 1,000,000
Subscribed Capital is Subscribed in the following form:
Position Shares
Tomi Dominique Director
RELATED COMPANIES
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
rue la route
charette Branches of the firm
OPERATIONS
Registered to operate wholesaling and Distributors of Wine, Beer, Whisky
and Spirits,
Imports: Asia,
Europe, South Africa
Exports: None
Trademarks: None
Terms of sale: Cash
(40%) and 30 days (60%), invoices.
Main Customers: Hospitality
firms and organizations
Employees: 30
employees.
Vehicles: Several
motor vehicles.
Territory of
sales: Mauritius
Location: Owned
premises, 5.000 square feet,
AUDITORS
AND INSURANCE
Auditors: Information not available.
Insurance Brokers: Information
not available.
FINANCE
Currency Reported: Mauritius Rupees (MUR.)
Approx. Ex. Rate: 1 US Dollar = 32 Mauritius Rupees
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 Submitted
MUR.
Profit and Loss
(expressed in MUR.)
2010
Sales 83,000,000
BANK
Bank Name: Mauritius Commercial Bank
Branch: Ebene
Comments: Overdraft None, Promissory notes- 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.72 |
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UK Pound |
1 |
Rs.82.71 |
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Euro |
1 |
Rs.68.90 |
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 |
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.