MIRA INFORM REPORT
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Report Date : |
21.02.2011 |
IDENTIFICATION DETAILS
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Name : |
ISSAK SHOPPING CENTRE |
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Registered Office : |
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Country : |
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Date of Incorporation : |
10.10.2004 |
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Legal Form : |
Limited Liability Company, Limited by shares |
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Line of Business : |
Importers and distribution
of General Merchandises |
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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
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Business Name: |
ISSAK SHOPPING CENTRE |
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Country: |
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Company Registration Number: |
- |
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Main Activity Description: |
Importers and
distribution of General Merchandises |
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Activity Code: |
- |
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Company Status (active / bankrupt etc): |
Active |
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Currency: |
MWK. |
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Number of Employees: |
30 |
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Latest Turnover Figure: |
MWK. 500,000,000 |
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Credit Limit: |
USD 50,000 |
Company Identification
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Business Name: |
ISSAK SHOPPING CENTRE |
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Registered
Company Name: |
ISSAK SHOPPING CENTRE |
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VAT Number: |
- |
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VAT Registration
Date: |
- |
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Date of Company
Registration: |
10/10/04 |
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Date of Starting
Operations: |
- |
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Commercial
Court: |
- |
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Legal Form: |
Limited Liability Company, Limited by
shares |
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Type of
Ownership: |
Private |
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Company Status: |
Active |
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Address: |
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Phone Number: |
+265-1-641721 |
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Fax Number: |
+265-1-641721 |
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Email Address: |
Na |
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Website: |
Na |
Company Activity
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Activity Code: |
Activity Description: |
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Na |
Importers and
distribution of General Merchandises |
Import / Export
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Import
countries: |
Export countries: |
|
Na |
Na |
Previous Names
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Previous Name: |
Date Changed: |
|
Na |
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Previous Legal Forms
|
Previous Legal
Form: |
Date Changed: |
|
Na |
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Contact Information
Main Address
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Address: |
Country: |
Telephone: |
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+265-1-641721 |
Other Addresses
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Address: |
Country: |
Telephone: |
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Na |
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Previous Addresses
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Address: |
Country: |
Telephone: |
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Na |
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Payment Information
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Terms of payment |
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Buying terms
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30% in cash, 70% on credit |
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Selling terms |
80% in cash, 20% on credit |
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Exports
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Various Companies |
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Export Ratio |
0.0% |
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Import Ratio |
40.0% |
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Domestic Market Share |
10.0% |
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Payment Morale: |
300: In the documents at our disposal
nothing adverse has been shown so far. |
Directors / Managers
Current Directors
/ Managers
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Name: |
Gender: |
Position: |
Date
of Birth: |
Date
Appointed: |
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P Issak |
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President/ CEO |
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Previous Directors
/ Managers
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Name: |
Gender: |
Position: |
Date
of Birth: |
Date
Appointed: |
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Na |
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Share Capital Structure
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Nominal Share
Capital: |
MWK. 10,000,000 |
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Issued Share
Capital: |
MWK. 10,000,000 |
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Name: |
Share Percentage: |
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P Issak |
100.00% |
Group Structure
Parent Companies
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Ultimate Holding
Company Name: |
Na |
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Ultimate Holding
Company ID: |
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Ultimate Holding
Company Country: |
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Immediate
Holding Company Name: |
Na |
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Immediate
Holding Company ID: |
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Immediate
Holding Company Country: |
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Subsidiary
Companies
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Subsidiary Name: |
ID: |
Country: |
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Na |
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Affiliated
Companies
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Affiliate Name: |
ID: |
Country: |
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Na |
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Other Information
Bankers
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Bank Name: |
Address: |
Bank Code: |
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Stanbic Bank |
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Advisors
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Auditor Name: |
Na |
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Solicitor Name: |
Na |
Additional Information
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Suppliers |
Various Companies |
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Customers |
firms and
organizations |
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Office
& Factories |
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Head offices |
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Branches |
None |
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Business
Premises |
2000 Sft |
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Type of occupation |
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 |
Negative Information
No negative information found.
Financial Information
No financial information disclosed.
Notes & Additional Comments
---
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.18 |
|
|
1 |
Rs.73.04 |
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Euro |
1 |
Rs.61.43 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<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.