MIRA INFORM
REPORT
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Report Date : |
19.01.2011 |
IDENTIFICATION DETAILS
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Name : |
ATS LIMITED |
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Registered Office : |
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Country : |
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Date of Incorporation : |
07.06.1985 |
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Com. Reg. No.: |
C07012066 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
provider for Textile & Apparel, Hotels & Restaurants and
Automotive Industries with world class solutions, equipment & services |
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 150,000 |
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Status : |
Satisfactory |
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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
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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: ATS
Limited
Requested Name: ATS
Limited
Other Names: None
ADDRESS AND TELECOMMUNICATION
Physical Address:
Postal Address: P 19,
Country:
Phone: +230 2027600
Fax: +230 2027601
Email: ats@ats.mu
Website: www.ats.mu
CREDIT OPINION
Financial Index as of
December 2009 shows subject firm with a medium risk of credit. We recommend
Credit of USD 150,000 on 90 days.
LEGAL
Legal Form: Limited Corporation
Date Incorporated: 7/06/1985
Reg. Number: C07012066
Nominal Capital
Subscribed Capital
Subscribed
Capital is Subscribed in the following form:
Position Shares
Mr. Mr. Dominique Galea CEO
Mr. Paul Ah Leung Gen. Manager
Mr. Gilbert Vingta Manager
Mr. Jean-Alain Douce Finance
Tajima Group Holding co 100%
RELATED COMPANIES
None Parent company.
None Subsidiary company.
ATS INTERNATIONAL LTD
ATS TRAINING CENTRE
ATS MANUFACTURING
SYSTEC SARL Affiliated company.
None Shareholder of subject firm.
Royal Road, Petite
OPERATIONS
Registered to operate as provider for Textile & Apparel, Hotels
& Restaurants and Automotive Industries with world class solutions,
equipment & services.
Imports:
Exports: Neighboring
countries
Trademarks: Lectra,
Pegasus, Brother, Tajima, Hashima, Shima Seiki, Svegea, Sunstar, Imesa. Pai
Lung
Terms of sale: Cash
(40%) and 30 days (60%), invoices.
Main Customers: firms
and organizations
Employees: 80
employees.
Vehicles: Several
motor vehicles.
Territory of
sales:
Location: Owned
premises, 20.000 square feet,
AUDITORS AND INSURANCE
Auditors: Information not available.
Insurance Brokers: Information not available
FINANCE
Currency Reported: Mauritian Rupee (
Approx. Ex. Rate: 1 US Dollar = 30 Mauritian 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
Submitted
Profit and Loss (expressed in
2010
Sales 324,000,000
BANK
Bank Name: Mauritius Commercial Bank,
Branch:
Enquiry Amount: 100,000
Terms: 90 days
Bank Code: Code
-C which means good for normal Business Engagements
Comments: Overdraft 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.45.53 |
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1 |
Rs.72.56 |
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Euro |
1 |
Rs.60.62 |
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.