MIRA INFORM
REPORT
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Report Date : |
16.03.2011 |
IDENTIFICATION DETAILS
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Name : |
GENERICS LTD |
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Registered Office : |
IFS House, 28, Cybercity Ebene |
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Country : |
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Date of Incorporation : |
16.07.1998 |
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Com. Reg. No.: |
C32004 |
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Legal Form : |
Global Business Category 2 |
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Line of Business : |
General Trading Company |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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: GENERICS LTD
Requested Name: GENERICS
LTD
Other Names: None
ADDRESS AND TELECOMMUNICATION
Physical Address: IFS
House, 28, Cybercity Ebene
Postal Address: IFS
House, 28, Cybercity
Ebene
Country:
Phone: 230-4673000
Fax: 230-4674000
Email: None
Website: None
CREDIT OPINION
Financial Index as of
December 2010 shows subject firm with a High risk of credit. We recommend
secured Credit
If we do not provide an amount, then your
maximum limit will suffice.
LEGAL
Legal Form: Global Business Category 2
Date Incorporated: 16-July-1998
Reg. Number: C32004
Nominal Capital
Subscribed Capital
Subscribed Capital is Subscribed in the following form:
Position Shares
Undisclosed Director
IFS Trustees Management
RELATED COMPANIES
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
OPERATIONS
Registered to operate as a general trading company
Imports: None
Exports: None
Trademarks: None
Terms
of sale: Cash (40%) and 30
days (60%), invoices.
firms and
organizations
Main
Customers: 3 employees.
Employees: Several motor
vehicles.
Vehicles:
Territory
of sales: Rented premises,
5.000 square feet,
Location: None
AUDITORS AND INSURANCE
Auditors: Information not available.
Insurance
Brokers: Information not available.
FINANCE
Currency Reported:
Approx. Ex. Rate: 1 US Dollar = 29
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
Undisclosed
BANK
Bank Name: MCB Bank
Branch: Ebene
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 . The company
is a (GLOBAL BUSINESS CATEGORY 2) limited company , Hence Confidentiality is
strictly observed in terms of the FSD Act. No person or body is authorized to
disclose information or present documentation to any court, tribunal, committee
of inquiry or other authority in Mauritius unless ordered to do so by a Court
of Law on application by the Director of Public Prosecution for inquiry into
the trafficking of narcotics and dangerous drugs, arms trafficking or money
laundering as defined under existing legislation.
The identity of the
beneficial owner needs to be disclosed only to the registered agent and to the
banker if a bank account is required in
Due to the confidentiality we could not ascertain the Directors of the
company or the Shareholding
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.15 |
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1 |
Rs.72.59 |
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Euro |
1 |
Rs.62.95 |
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.