MIRA INFORM
REPORT
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Report Date : |
04.07.2011 |
IDENTIFICATION DETAILS
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Name : |
MSJ LTD - UNICORN TRADING COMPANY |
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Registered Office : |
18N, Frere Felix de Valois Street, Champ de Mars |
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Country : |
Mauritius |
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Date of Incorporation : |
15.06.1984 |
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Com. Reg. No.: |
C4387 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
import, marketing and distribution of pharmaceutical and healthcare products |
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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 |
Bottom of Form
SUBJECT'S NAME
Registered Name: MSJ LTD - UNICORN TRADING COMPANY
Requested Name: MSJ
LTD - UNICORN TRADING COMPANY
Other Names: None
ADDRESS AND TELECOMMUNICATION
Physical Address: 18N,
Frere Felix de Valois Street, Champ de Mars
Postal Address: P.o. Box 397
Port Louis
Country: Mauritius
Phone: 230-2108100
Fax: 230-2084347
Email: unicorn@intnet.mu
Website: www.unicorn.mu
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 150,000 on 90 days.
LEGAL
Legal Form: Limited Corporation
Date Incorporated: 15-June-1984
Reg. Number: C4387
Nominal Capital MUR. 50,000,000
Subscribed Capital MUR. 50,000,000
Subscribed Capital is Subscribed in the following form:
Position Shares
Kumar L. Gunness MD/ CEO
Unicorn Group Holding Company 100%
RELATED COMPANIES
Unicorn Group Parent company.
None Subsidiary company.
Gerval Pharmacy,
Superdrug Co Ltd,
Link Pharmacy,
Unilink Pharmacy,
St Jean Pharmacy Co Ltd,
Pharmalink
Pharmacy. Affiliated company.
None Shareholder of subject firm.
Riche Terre, Quatre Bornes, Curepipe (in Mauritius) Branches of the firm
OPERATIONS
Registered to operate import, marketing and distribution of
pharmaceutical and healthcare products
Imports: Various worldwide
Exports: None
Trademarks: None
Terms
of sale: Cash (40%) and
25-90 days (60%), invoices.
Main
Customers: General public,
firms, organisations
Employees: 92 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 Rupee (MUR.)
Approx. Ex. Rate: 1 US Dollar = 28.47 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 100,000,000
BANK
Bank Name: The Mauritius Commercial Bank
Branch: Port Louis, Mauritius
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.59 |
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UK Pound |
1 |
Rs.71.75 |
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Euro |
1 |
Rs.64.80 |
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.