MIRA INFORM
REPORT
|
Report Date : |
10.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
MEMSAAB |
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Registered Office : |
Gpo Box 16900 Suva Fiji 37 Cumming Street Suva |
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Country : |
Fiji |
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Date of Incorporation : |
12.05.2000 |
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Com. Reg. No.: |
39152 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Distributor of garments for woman and supplier of textiles. |
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 : |
20,000 USD |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Fiji |
c1 |
c1 |
|
Risk Category |
ECGC
Classification |
|
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 |
REGISTERED NAME & COMPANY
SUMMARY
Company
Name: Memsaab
Company
acronym: -
Contact Information
|
Address |
Gpo Box 16900 Suva Fiji
37 Cumming Street Suva Fiji |
|
Postal Address |
- |
|
Telephone |
+ 679 313986 |
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Fax |
+ 679 313015 |
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Email |
info@memsaabfiji.com |
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Website |
www.memsaabfiji.com |
|
Other Information |
- |
Registration Data
|
Date
of Registration |
12/05/2000 |
|
Registration
number |
39152 |
|
Legal
address |
Gpo Box 16900 Suva Fiji
37 Cumming Street Suva Fiji |
|
Legal
Form |
Limited Liability
Company |
|
Authorized
Capital |
500,000.00
FJD |
|
Other
Registration Data |
- |
CREDIT RECOMENDATION
Current Credit Limit: 20,000 USD
DIRECTORS/MANAGEMENT
Board/Executive
|
Name |
Mrs. Roshni Thanga |
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Position within the company |
Executive Director |
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Country of Birth |
India |
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Nationality |
Indian |
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Can fluently speak |
English |
|
Name |
Mr. Niresh Dhakal |
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Position within the company |
Director |
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Country of Birth |
India |
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Nationality |
Indian |
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Can fluently speak |
English |
|
Name |
Mr. Shyam Ruwali |
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Position within the company |
Director |
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Country of Birth |
India |
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Nationality |
Indian |
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Can fluently speak |
English |
NEGATIVE INFORMATION
Litigation,
Remarks on Payment
|
Litigation |
None Recorded |
|
Remarks
on Payment |
No Complaints |
SHARE & SHARE CAPITAL
INFORMATION
Shareholders
with Shares
It
declined it.
PAYMENT INFORMATION
Export/Import
(Countries, goods and total values for the period)
|
Imports From |
India, Singapore, Pakistan |
|
Importing Terms |
Letters
of Credit |
|
Import % and type of product |
100%-
Finished Goods |
|
Exports To |
Europe |
|
Exporting Terms |
Letters
of Credit |
|
Export % and type of product |
5%-
Finished Goods |
GROUP STRUCTURE & AFFILIATED
COMPANIES
Subsidiaries and Participation
|
Parent Company |
- |
|
Subsidiaries |
- |
|
Affiliates |
- |
FINANCIAL INFORMATION
Financial Information
It declined it.
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
Changes
in Registration Data
None
recorded
Activities
(realistic and officials)
Distributor of garments
for woman and supplier of textiles.
Staff
|
Number of staff employed |
16 |
Export/Import
(Countries, goods and total values for the period)
|
Imports From |
India, Singapore, Pakistan |
|
Importing Terms |
Letters
of Credit |
|
Import % and type of product |
100%-
Finished Goods |
|
Exports To |
Europe |
|
Exporting Terms |
Letters
of Credit |
|
Export % and type of product |
5%-
Finished Goods |
Facilities
|
Owned |
Office, Warehouse |
|
Premises
Size |
- |
Branches
|
Address |
- |
Bankers
|
Bank |
Commercial Bank of Fiji |
|
Branch |
- |
|
Address |
- |
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Telephone |
- |
Suppliers, Partners
|
Suppliers |
- |
|
Partners |
- |
Representation
|
Auditors |
- |
|
Solicitors |
- |
NOTES & COMMENTS
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.72 |
|
UK Pound |
1 |
Rs.73.47 |
|
Euro |
1 |
Rs.65.38 |
RATING EXPLANATIONS
|
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 |
|
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 |
|
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 |
|
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NB |
New Business |
---- |
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.