MIRA INFORM
REPORT
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Report Date : |
25.01.2011 |
IDENTIFICATION DETAILS
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Name : |
VILLA SHIPPING & TRADING CO PVT LTD |
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Registered Office : |
Villa Bldg Ibrahim Hassan Didi, Magu |
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Country : |
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Date of Incorporation : |
01.01.1986 |
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Legal Form : |
Private Company with Limited Liability |
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Line of Business : |
Subject is engaged in providing
Hotel, Entertainment & Recreation services |
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 30,000.00 |
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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 – June 30, 2010
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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 name
VILLA SHIPPING & TRADING CO PVT LTD
Company Details
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Organization Name |
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VILLA SHIPPING & TRADING CO PVT LTD |
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Address |
: |
Villa Bldg Ibrahim Hassan Didi, Magu, Male |
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Country |
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Phone (S) |
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[+960]-3316161, [+960]-3325195 |
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Facsimile |
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[+960]-3344803, [+960]-3314565 |
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Email |
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info@villa.com.mv |
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Website |
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http://www.villa.mv |
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Primary Business Activity |
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Service |
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Key Industry |
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Hotel, Entertainment & Recreation |
Key Facts
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Registered Legal Address |
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Villa Bldg Ibrahim Hassan Didi, Magu, Male |
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Operational Address |
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Villa Bldg Ibrahim Hassan Didi, Magu, Male |
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License Number |
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C17/86 |
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Issuing Authority |
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Ministry of Trade & Industries |
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Legal Form |
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Private Company with Limited Liability |
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Operational Status of Business |
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Date of Registration |
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1 Jan, 1986 |
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Employees |
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20 |
Credit Risk Assessment
Credit opinion : Credit can proceed ONLY on strict financing
terms.
Proposed Credit
Limit : USD 30,000.00
Revision of Credit
Limit : Periodic /quarterly
Report Details
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Key Person
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Legal Title |
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Chairman |
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Name |
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Mr. Qasim Ibrahim |
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Nationality |
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Maldivian |
Primary Products
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Products / Materials / Services Description |
Activity |
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Hotels |
Service |
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Resort operators |
Service |
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Resorts |
Service |
SIC PRODUCT CLASSIFICATION &
ACTIVITY
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Product/Service Description |
Code |
Activity |
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Food products, nspf |
2099 |
Importing, Trading |
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Hotels & Motels |
7011 |
Service |
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Hotels & Other Lodging Places |
7000 |
Service |
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Manufactured articles, nspf |
3999 |
Importing, Trading |
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Petroleum Gas Products |
4925 |
Importing, Trading |
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Petroleum refinery products |
2911 |
Importing, Trading |
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
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Product/Service Description |
Code |
Activity |
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Food preparations |
2106 |
Importing, Trading |
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Hotels and motels |
9942 |
Service |
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Miscellaneous chemical products |
3800 |
Importing, Trading |
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Miscellaneous manufactured articles |
9600 |
Importing, Trading |
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Petroleum gases & other gaseous hydrocarbons |
2711 |
Importing, Trading |
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Products / Materials / Services Description Ranking Activity
Capital goods Secondary
Importing, Trading
Cement Secondary
Importing, Trading
Diesel Secondary
Importing, Trading
Foods Secondary
Importing, Trading
Fuel Secondary
Importing, Trading
LPG (liquefied petroleum gas) Secondary
Importing, Trading
Lubricants Secondary
Importing, Trading
Petroleum products Secondary
Importing, Trading
CORE BUSINESS DESCRIPTION
Core Business
The primary business focus of VILLA SHIPPING & TRADING CO PVT
LTD is:
·
Hotels
An integral part of
the core business includes:
·
Consumer services
Supplementary Business
In addition to the core business, VILLA
SHIPPING & TRADING CO PVT LTD also is engaged in the following areas of
business:
1.
Importing
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Importing - General merchandise
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Importing - Finished products
2.
Trading
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General trading
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General trading - Finished products
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Importing
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Importing - Finished products
DOMESTIC SALES & PURCHASES
Annual Sales Analysis Percentage
Domestic Sales 100%
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Annual Purchases Analysis |
Percentage |
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Local Purchases |
50% |
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Imports |
50% |
COMPANY MANAGEMENT
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Management Listings |
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FINANCIAL STATEMENT - DETAILED
Based on the corporate laws of
REPUTATION
Reference
checking for the purpose of establishing the VILLA SHIPPING & TRADING CO
PVT LTD's reputation within the respective industry failed to reveal any
adverse information.
ADVERSE DATA MONITORING
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PAYMENT TERMS
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Selling |
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Purchasing |
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LOCAL BRANCHES & MANAGEMENT
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RELATED PARTIES
(Subsidiaries, Joint-ventures & Affiliates)
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SHAREHOLDERS
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COMPANY DIRECTORS
1
Personal Unique Identifier : MI02346784
Name : Mr. Qasim Ibrahim
Nationality : Maldivian
INTERNATIONAL TRADE : ACTIVITY &
MARKETS
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Country / Region |
Trading Activity |
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Importing |
OFFICE & FACILITIES
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Name |
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VILLA SHIPPING & TRADING CO PVT LTD - MAGU, MALE |
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Address |
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Villa Bldg Ibrahim Hassan Didi, Magu, Male |
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Country |
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Status |
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Operational |
COMPANY HISTORY
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Date |
Details |
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1988 |
Diversified into resorts using profits from trading operations. |
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Oct, 1996 |
Opened representative office in |
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30 Jun, 2001 |
Reported a total assets amounting to USD 108.4 million and a net worth
of USD 60.9 million |
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2002 |
Established Villa Hotels, |
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30 Sep, 2008 |
Selected LIBERTY-STAR VOICE COMMUNICATION & CONTROL SYSTEM (VCCS)
for installation at |
AWARDS
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Award Name |
Awarded by |
Awarded Date |
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Marque of Excellence Award |
n/a |
2004 |
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National Award |
n/a |
2003 |
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National Award |
n/a |
1999 |
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Neckermann Primo 2004 |
n/a |
2004 |
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Partners in Excellence Award |
n/a |
2002 |
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President's Trophy |
n/a |
1996 |
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President's Trophy |
n/a |
1998 |
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Thomson Gold Medal 2004 |
n/a |
2004 |
STRATEGIC PARTNER/S & ALLIANCES
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APPROVED SIGNATURES
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The Company Director/s listed below maintain the legal right to sign
on behalf of the company:
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ASSOCIATIONS
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Domestic Associations |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.58 |
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1 |
Rs.72.79 |
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Euro |
1 |
Rs.62.01 |
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.