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Report Date : |
29.12.2012 |
IDENTIFICATION DETAILS
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Name : |
SCOTT AND CO LTD. |
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Registered Office : |
Industrial Park-I, Riche-Terre, |
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Country : |
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Year of Establishment : |
1835 |
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Com. Reg. No.: |
C577 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
Wholesalers and distributors of Wines & Spirits, Foodstuffs, Household & Personal Care |
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No. of Employees : |
200 employees. |
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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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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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 |
MAURITIUS - ECONOMIC OVERVIEW
Since independence in 1968,
Mauritius has developed from a low-income, agriculturally based economy to a
middle-income diversified economy with growing industrial, financial, and tourist
sectors. For most of the period, annual growth has been in the order of 5% to
6%. This remarkable achievement has been reflected in more equitable income
distribution, increased life expectancy, lowered infant mortality, and a
much-improved infrastructure. The economy rests on sugar, tourism, textiles and
apparel, and financial services, and is expanding into fish processing,
information and communications technology, and hospitality and property
development. Sugarcane is grown on about 90% of the cultivated land area and
accounts for 15% of export earnings. The government's development strategy
centers on creating vertical and horizontal clusters of development in these
sectors. Mauritius has attracted more than 32,000 offshore entities, many aimed
at commerce in India, South Africa, and China. Investment in the banking sector
alone has reached over $1 billion. Mauritius, with its strong textile sector,
has been well poised to take advantage of the Africa Growth and Opportunity Act
(AGOA). Mauritius' sound economic policies and prudent banking practices helped
to mitigate negative effects from the global financial crisis in 2008-09. GDP
grew more than 4% per year in 2010-11, and the country continues to expand its
trade and investment outreach around the globe.
Source
: CIA
Registered Name: SCOTT AND CO LTD.
Requested Name: SCOTT
AND CO LTD.
Other Names: None
Physical Address: Industrial Park-I, Riche-Terre,
Port Louis
Postal Address: P.o Box 51
Port Louis
Country: Mauritius
Phone: 230-2489401/2069400
Fax: 230-2489400/2481637
Email: scottfood@intnet.mu/tim.taylor@scott.mu/
clovis.wong@scott.mu
Website: www.scott.mu
Financial Index as of December 2011 shows subject firm with a medium
risk of credit. However, bank and credit information obtained reveal a history
of prompt payments.
Legal Form: Limited Corporation
Date Incorporated: 1835
Reg. Number: C577
Nominal Capital MUR 15,000,000
Subscribed Capital MUR 15,000,000
Subscribed Capital is Subscribed in the
following form:
Position Shares
Mr. Taylor Timothy Chairman
Mr. Anthony R. Coombes Director
Mr. Clovis Wong Director
Mr. Matthew Taylor Director
Mr. Pralad Sunassee Director
Mr. Pascal Gerard Director
Mrs. Daniella Donat Director
Mr. Arnaud Mayer Director
Mr. Howard Buttery Director
Mr. Faizal Somauroo Financial Manager
Rogers Group,
Mauritius Holding Company 100%
Rogers & Co.
Ltd, Mauritius Parent company.
Scott Health-Copharma
Scott Consumer Subsidiary company.
Listed Below Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
Registered to operate as wholesalers and distributors of Wines &
Spirits, Foodstuffs, Household & Personal Care
Imports: Europe,
China, India and South Africa
Exports: Neighboring
Countries
Trademarks: None
Terms of sale: Cash
(40%) and 25-90 days (60%), invoices.
Main Customers: Distribution
firms , Hotels, Supermarkets etc
Employees: 200
employees.
Vehicles: Several
motor vehicles.
Territory of
sales: Mauritius
Location: Owned
premises, 40.000 square feet,
Auditors: DE
CHAZAL DU MEE & CO
Insurance Brokers: None
Stated
Currency Reported: Mauritius Rupee (MUR.)
Approx. Ex. Rate: 1 US Dollar = 30.52 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 not Submitted
Profit and Loss (expressed in MUR.)
2011
Sales 600,000,000
Bank Name: Mauritius Commercial Bank
Branch: Mauritius
Comments: None
Experiences: Good
None
This information was obtained from outside sources other than the
subject company itself and confirmed the above subject.
|
AFFILIATED
COMPANIES |
|
(RODRIGUES)ECOTEL LTD. |
|
AEL DDS LTD |
|
AGI LOGISTICS ( MTIUS ) LTD. |
|
AMRO CHEMICALS LTD. |
|
AQUALIA LTD. |
|
ARIO COMORES S.A.R.L. |
|
ARIO FRANCE S.A.R.L. |
|
ARIO INTERNATIONAL (MTIUS) LTD. |
|
ARIO LTD. |
|
ARIO MADAGASCAR S.A.R.L. |
|
ARIO MAYOTTE S.A.R.L. |
|
ARIO MOZAMBIQUE LIMITADA. |
|
ARIO SEYCHELLES |
|
ASSOCIATED ENGINEERS LTD. |
|
AVIATION HOLDING |
|
C.P.I.M. LTD. |
|
CAPRICORN SERVICES LTD. |
|
CARGO EXPRESS CO LTD |
|
CARGO EXPRESS INTERNATIONAL LTD |
|
CARGO EXPRESS MADAGASCAR S.A.R. |
|
CROISIÈRES AUSTRALES LTÉE. |
|
DANZAS AEI INTERCONTINENTAL (MTIUS) |
|
D'AUTOMOBILES LTD. |
|
DDS ENERGY & SERVICES LTD. |
|
DESBRO INTERNATIONAL LTD. |
|
DRINKS AND BEVERAGES CO LTD |
|
ECO TOURISME (RODRIGUES) LTD. |
|
FAYCO LTD. |
|
FETA FREIGHT SYSTEMS (MTIUS) LTD. |
|
FREIGHT MASTERS INTERNATIONAL LTD. |
|
GREENLINE CO. LTD. |
|
GREENLINE GARDEN CENTRE LTD. |
|
GS INFORMATIQUE LTD. |
|
HOLIDAY BUNGALOWS CO. LTD. |
|
HOLIDAY PLUS LTD. |
|
HOTEL CONNECTIONS INTERNATIONAL LTD. |
|
HTM LTD. |
|
JOINT OFFICES LTD. |
|
KAYLOR ROTO MOULDERS LTD. |
|
LOGISTICS HOLDING COMPANY LTD |
|
LOGISTICS WORLD LTD. |
|
MARINA VILLAGE HOTEL LTD. |
|
MAURICIENNE LTD |
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MAURITIUS TRAVEL & TOURIST BUREAU LTD. |
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MOTOR TRADERS LTD. |
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MOZAMBIQUE TRAVEL SERVICES LIMITADA |
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MTTB PROPERTY LTD |
|
NEW TINTAS 2000 LIMITADA |
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OPEN SKY EXPRESS LTD |
|
OSPAF LTD |
|
PARIAKA HOTEL LTD. |
|
PAUL & VIRGINIE LTEE. |
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PLAISANCE AIR TRANSPORT SERVICES LTD. |
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PLASTIC CENTRE LTD. |
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PORT EXPRESS LTD |
|
QUALICOATINGS LTD. |
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R & C LOGISTICS LTD. |
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R & F EXPORT LTD. |
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ROGER FAYD'HERBE & CO. LTD. |
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ROGERS BUILDING CENTRE LTD. |
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ROGERS CALL CENTRE SOLUTIONS |
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ROGERS IDS MOZAMBIQUE |
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ROGERS INTERNATIONAL DISTRIBUTION |
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ROGERS LOGISTICS LTD. |
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ROGERS TELECOM LTD. |
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ROGERS TRAVEL LTD. |
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ROGERS.COM LTD. |
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SCOTT & CO. LTD. |
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SEBNA LTD. |
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SERVICES LTD. |
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SERVICES S.A. |
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SHIPPING EXPRESS LTD |
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SOCIÉTÉ DE COMMERCIALISATION |
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SOCIÉTÉ DE MAINTENANCE INDUSTRIELLE |
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SOFAP CHEMICAL LTD. |
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SOFAP CONTRACTING LTD. |
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SOFAP LTD |
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SOJEFAL LTEE. |
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STEELCO INDUSTRIES LTD. |
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TAYLOR & SMITH LTD. |
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TAYLOR SMITH & CO. LTD. |
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TRANS WORLD CARGO LTD. |
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TRANSCONTINENT S.A.R.L. |
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TRANSMAURICE LTD. |
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TRANSWORLD INTERNATIONAL LTD. |
|
VERANDA LTD. |
|
WATER RESEARCH CO. LTD |
|
WORLD EXPRESS LTD |
|
YLANG VOYAGE LTD |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.85 |
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1 |
Rs.88.39 |
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Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
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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.