MIRA INFORM REPORT

 

 

Report Date :           

16.11.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

MANTA MALDIVES PVT LTD

 

 

Registered Office :

Mirihi Island, South Ari Atoll

 

 

Country :

Maldives

 

 

Date of Incorporation :

10.05.2001

 

 

Com. Reg. No.:

C-124/2001

 

 

Legal Form :

Private Company with Limited Liability

 

 

Line of Business :

Service provider  of Hotel, Entertainment & Recreation

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 50,000.00

Status :

Satisfactory

Payment Behaviour :

No Complaints

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Maldives

c1

c1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

REGISTERED NAME & COMPANY SUMMARY

 

Company Details

Organization Name

:

MANTA MALDIVES PVT LTD

Address

:

Mirihi Island, South Ari Atoll

Country

:

Maldives

Phone (S)

:

[+960]-6680500

Facsimile

:

[+960]-6680501

Email

 

info@mirihi.com

Website

 

http://www.mirihi.com

Primary Business Activity

 

Service

Key Industry

 

Hotel, Entertainment & Recreation

 

Key Facts

Registered Legal Address

:

Mirihi Island, South Ari Atoll

Operational Address

:

Mirihi Island, South Ari Atoll

Name History

:

 

Issuing Authority

:

Ministry of Economic Development - National

License Number

:

C-124/2001

Legal Form - Category

:

Private Company with Limited Liability

Legal Form

:

Private Limited

Legal Form - Abbreviation

:

PVT LTD

Operational Status of Business

:

Normal

Date of Registration

:

10 May, 2001

Employees

:

100

Capital

:

n/a(1)

Note:

 

(1) Not applicable.
According to the corporate statutory laws for this type of Legal Form - Category(Private Company with Limited Liability) in Maldives, there is no requirement for Authorized Capital.

Report Details

 

 

 

 

 

 

 

Country

:

Maldives

Business Entity Name

:

MANTA MALDIVES PVT LTD

Primary Business Activity

:

Service

Primary Industry

:

Hotel, Entertainment & Recreation

Office Contact Details

Operating Address

:

Mirihi Island, South Ari Atoll

Tel

:

[+960]-6680500

Fax

:

[+960]-6680501

Email

:

info@mirihi.com
reservation@mirihi.com.mv
male@mirihi.com.mv

Website Details

Website

:

http://www.mirihi.com

Status

:

Normal - operational

Country of Registration

:

Maldives

Ownership Type

:

Registered ownership by Subject Business Entity

 

 

CREDIT RECOMENDATION

 

Current Credit Limit: USD 50,000.00

 

 

DIRECTORS/MANAGEMENT

 

COMPANY MANAGEMENT

 

 

 

Management Listings

 

 

Name

Nationality

Job Description

Dept. / Division

1

Mr. Anthony John

Maldivian

Receptionist

-

2

Mr. Martin Vossen

Maldivian

General Manager

-

 

Management Details - 1

Personal Unique Identifier

:

MI03012994

Name

:

Mr. Anthony John

 

 

Management Details - 2

Personal Unique Identifier

:

MI03012999

Name

:

Mr. Martin Vossen

 

Email

:

gm@mirihi.com

 

 COMPANY DIRECTORS

 

Not available - According to the corporate statutory laws for this type of Legal Form - Category (Private Company with Limited Liability) in Maldives, there is no public disclosure of Directors.

 

 

NEGATIVE INFORMATION

 

 

ADVERSE DATA MONITORING

 

 

 

 

DISHONORED CHECKS

 

No Record Found

 

 

DEBT

 

No Record Found

 

 

LITIGATION

 

No Record Found

 

 

PERFORMANCE DEFAULTS

 

No Record Found

 

 

ADVERSE LOCAL MEDIA COVERAGE / ADVERSE FILING HISTORY

 

No Record Found

 

 

 

SHARE & SHARE CAPITAL INFORMATION

 

SHAREHOLDERS

Total number of shareholders

:

2

Total number of shares

:

n/a

 

No.

Shareholders

Country

Shares

Number

Amount

%

1

Mr. Hussein Afeef

Maldives

n/a

n/a

n/a

2

Ms. Anne-marie Stierli Silvani

Switzerland

n/a

n/a

n/a

Total

n/a

n/a

n/a

 

Based on corporate statutory laws /regulations in Maldives, there is no requirement for public disclosure of Shareholders. In this case, the Shareholder information was supplied by the Subject Business Entity.
However in the absence of data normally obtained from local Statutory Authorities, it is not possible to verify the accuracy of data supplied and hence is provided as reference ONLY.

 

 

PAYMENT INFORMATION

 

Na

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Na

 

 

FINANCIAL INFORMATION

 

FINANCIAL STATEMENT - DETAILED

 

 

Based on the corporate laws of Maldives, legal entities which are Private Company with Limited Liability are not required to make public disclosure of their annual financials. Therefore no financials are available for this entity.

 

 

FOREIGN EXCHANGE RATES

 

Na

 

ADDITIONAL INFORMATION

 

 

Primary Products

Products / Materials / Services Description

Activity

Beach resort operators

Service

Hotel accommodations

Service

Luxury resorts

Service

Resorts

Service

 

 

 

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

 

 

 

Product/Service Description

Code

Activity

Hotels & Other Lodging Places

7000

Service

 

 

 

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

 

 

 

Product/Service Description

Code

Activity

Business services, health, financial/insur. legal/real estate, hotels, and misc repairs

9900

Service

 

 

 

 

CORE BUSINESS DESCRIPTION

 

 

 

Core Business

 

The primary business focus of MANTA MALDIVES PVT LTD is:

Specialized professional services

Hotels

Resorts

 

 

DOMESTIC SALES & PURCHASES

 

 

 

Annual Sales Analysis

Percentage

Domestic Sales

100%

 

 

 

REPUTATION

 

 

 

Reference checking for the purpose of establishing the MANTA MALDIVES PVT LTD's reputation within the respective industry failed to reveal any adverse information.

 

 

LOCAL BRANCHES & MANAGEMENT

 

 

 

Branch

:

MANTA MALDIVES PVT LTD - MALE

Branch Address

:

3Fl Champa Bldg Ahmadhee Baazaar, Male

Branch Email

:

male@mirihi.com.mv

 

 

DOMESTIC SUPPLIERS

 

Name

Global Identifier

ICS MALDIVES PVT LTD

P1854586

 

 

 

 

OFFICE & FACILITIES

 

 

 

Name

:

MANTA MALDIVES PVT LTD - SOUTH ARI ATOLL

Address

:

Mirihi Island, South Ari Atoll

Country

:

Maldives

Status

:

Operational

NOTES & COMMENTS

 

Na

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.56

UK Pound

1

Rs.80.30

Euro

1

Rs.68.79

 

 

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

----

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.