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Report Date : |
21.08.2012 |
IDENTIFICATION DETAILS
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Name : |
RAKEEN PRIVATE LIMITED |
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Registered Office : |
IFS
Court, 28 Cyber City Ebene |
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Country : |
Mauritius |
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Date of Incorporation : |
10.01.2007 |
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Com. Reg. No.: |
C067812 |
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Legal Form : |
Global Business Category 1 |
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Line of Business : |
Consultancy Firm |
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No. of Employees : |
02 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Mauritius |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Registered Name: RAKEEN PRIVATE
LIMITED
Requested Name: RAKEEN PRIVATE LIMITED
Other Names: None
Physical Address: IFS Court, 28 Cyber City Ebene
Postal Address: IFS Court, 28 Cyber City Ebene
Country: Mauritius
Phone: 230-4673000
Fax: 230-4674000
Email: ifs@ifsmauritius.com
Website: www.ifsmauritius.com
Legal Form: GLOBAL BUSINESS CATEGORY 1
Date Incorporated: 10-Jan-2007
Reg. Number: C067812
Nominal Capital MUR. 50,000
Subscribed Capital MUR. 50,000
Subscribed Capital is Subscribed in the following form:
Position Shares
Undisclosed Director
INTERNATIONAL
FINANCIAL SERVICES LIMITED Trustee
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
Consultancy firm
Imports: None
Stated
Exports: None
Stated
Trademarks: None
Stated
Terms of sale: Undisclosed
Main Customers: Undisclosed
Employees: 2
employees.
Vehicles: None
Stated
Territory of
sales: Mauritius
Location: Rented
premises, 1,000 square feet,
Auditors: Information not available.
Insurance
Brokers: Information not available.
Currency Reported: Mauritius Rupee (MUR.)
Approx. Ex. Rate: 1 US Dollar = 30.61 Mauritius Rupee
Fiscal
Year End: December 31, 2011
Inflation: According to
information given by independent sources, the
inflation
at December 31st, 2011 was of 13%.
Financial
Information Submitted MUR.
Undisclosed
Bank Name: MCB BANK
Branch: Mauritius
Comments: None
Experiences: Undisclosed
None
This information was obtained from outside sources other than the subject company itself and confirmed the above subject.
A Global Business
Category 1 (GBL1) is a company engaged in qualified global business and which
is carried on from within Mauritius with persons all of whom are resident
outside Mauritius and where business is conducted in a currency other than the
Mauritian rupee.
It is the
recommended structure for individuals, body corporate, trust or partnership
including limited liability partnership or a société
for investment and other high profile business. A GBL1 may be locally
incorporated or may be registered as a branch of a foreign company. Public
companies, those engaged in banking, insurance and fund management, and
companies wishing to benefit from the provisions of Double Taxation Agreements
(DTAs), can only be incorporated as GBL1 companies.
Confidentiality
is strictly observed in terms of the Financial Services Development Act
2001(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. Upon application to the FSC, full disclosure is
required on the beneficial owners of the company. However, such information is
not available for public inspection.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.70 |
|
UK Pound |
1 |
Rs.87.55 |
|
Euro |
1 |
Rs.68.85 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.