MIRA
INFORM REPORT
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Report Date : |
16.11.2011 |
IDENTIFICATION DETAILS
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Name : |
VAGARU HOLDINGS PVT LTD |
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Registered Office : |
3Fl Aage Bldg 12 Boduthukarufaanu, Magu, Male 20094 |
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Country : |
Maldives |
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Date of Incorporation : |
04.07.2006 |
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Legal Form : |
Private Limited |
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Line of Business : |
Construction & Construction Materials |
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 10,000.00 |
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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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Maldives |
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 |
REGISTERED NAME
& COMPANY SUMMARY
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Company Details |
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Organization Name |
: |
VAGARU HOLDINGS PVT LTD |
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Address |
: |
3Fl Aage Bldg 12 Boduthukarufaanu, Magu, Male 20094 |
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Country |
: |
Maldives |
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Phone (S) |
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[+960]-3339992 |
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Facsimile |
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[+960]-3339998 |
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Email |
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accounts@eonresorts.com |
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Website |
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http://www.eonresorts.com |
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Primary Business Activity |
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Service |
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Key Industry |
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Construction & Construction Materials |
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Key Facts |
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Registered Legal Address |
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2Fl East Wing H Aage, Male |
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Operational Address |
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3Fl Aage Bldg 12 Boduthukarufaanu, Magu, Male 20094 |
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Issuing Authority |
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Ministry of Trade & Industries - National |
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License Number |
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C-563/2006 |
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Legal Form - Category |
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Private Company with Limited Liability |
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Legal Form |
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Private Limited |
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Legal Form - Abbreviation |
: |
PVT LTD |
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Operational Status of Business |
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Normal |
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Date of Registration |
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4 Jul, 2006 |
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Employees |
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8 |
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Capital |
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n/a(1) |
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Note: |
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(1) Not
applicable. |
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Report Details |
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CREDIT RECOMENDATION
Current Credit Limit: USD
10,000.00
DIRECTORS/MANAGEMENT
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COMPANY DIRECTORS |
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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
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ADVERSE DATA MONITORING |
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SHARE & SHARE CAPITAL
INFORMATION
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SHAREHOLDERS |
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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 Shareholders. |
PAYMENT INFORMATION
Na
GROUP STRUCTURE & AFFILIATED
COMPANIES
Na
FINANCIAL INFORMATION
Na
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
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SIC PRODUCT CLASSIFICATION & ACTIVITY |
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HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY |
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CORE BUSINESS DESCRIPTION |
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Core Business |
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The primary business focus of VAGARU HOLDINGS PVT LTD is: Specialized professional services Construction Resorts |
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REPUTATION |
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Reference checking for the purpose of establishing the VAGARU HOLDINGS
PVT LTD's reputation within the respective industry failed to reveal any
adverse information. |
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OFFICE & FACILITIES |
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PREVIOUS CONTACT DETAILS |
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NOTES & COMMENTS
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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.50.56 |
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1 |
Rs.80.30 |
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Euro |
1 |
Rs.68.79 |
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 |
-- |
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.