MIRA INFORM REPORT

 

 

Report Date :

04.02.2012

 

IDENTIFICATION DETAILS

 

Name :

JAUSA TRADING MALDIVES PVT LTD

 

 

Registered Office :

1Fl G Looza Hadheebee, Magu, Male 20100

 

 

Country :

Maldives

 

 

Date of Incorporation :

1994

 

 

Legal Form :

Private Limited

 

 

Line of Business :

Trader of Construction & Construction Materials

 

 

No. of Employees :

30

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 10,000.00

Status :

Moderate

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 30, 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

:

JAUSA TRADING MALDIVES PVT LTD

Address

:

1Fl G Looza Hadheebee, Magu, Male 20100

Country

:

Maldives

Phone (S)

:

[+960]-3329966

Facsimile

:

[+960]-3333633

Email

:

trading@jausa.mv

Website

:

http://www.jausatrading.com

Primary Business Activity

 

:

Trader

Key Industry

:

Construction & Construction Materials

 

Key Facts

 

Registered Legal Address

:

1Fl G Looza Hadheebee, Magu, Male 20100

Operational Address

:

1Fl G Looza Hadheebee, Magu, Male 20100

Issuing Authority

:

Ministry of Economic Development - National

License Number

:

C-0253/1994

License Status

:

License exists - Normal.

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

:

1994

Employees

:

30

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

:

JAUSA TRADING MALDIVES PVT LTD

Primary Business Activity

:

Trader

Primary Industry

:

Construction & Construction Materials

Office Contact Details

Operating Address

:

1Fl G Looza Hadheebee, Magu, Male 20100

Tel

:

[+960]-3329966

 

:

[+960]-3333663

Fax

:

[+960]-3333633

Email

:

trading@jausa.mv

Website Details

Website

:

http://www.jausatrading.com

Status

:

Normal - operational

Country of Registration

:

Maldives

Ownership Type

:

Registered ownership by Subject Business Entity

 

 

 

CREDIT recommendation

 

Current Credit Limit: USD 10,000.00

 

DIRECTORS/MANAGEMENT

 

Key Person

Legal Title

:

Chairman

 

Name

:

Mr. Jaufar Easa Adam

 

Nationality

:

Maldivian

 

 

COMPANY MANAGEMENT

 

 

 

 

 

Management Listings

 

 

 

Name

Nationality

Job Description

Dept. / Division

1

Mr. Ahmaed Adhis

Maldivian

Manager

-

 

 

 

 

Management Details - 1

Personal Unique Identifier

:

MI03075588

Name

:

Mr. Ahmaed Adhis

 

 

 

COMPANY DIRECTORS

 

 

1

 

 

Personal Unique Identifier

:

MI03075577

Name

:

Mr. Jaufar Easa Adam

Nationality

:

Maldivian

 

Based on corporate statutory laws /regulations in Maldives, there is no requirement for public disclosure of Director. In this case, the Director 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.

 

 

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

 

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

 

PAYMENT TERMS

 

Selling

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~60 days

 

Purchasing

Type

Terms

Local

Cash on delivery (COD)

Credit - Unsecured 30~60 days

Import

Letter of Credit (At-sight)

Telegraphic Transfer (T/T) - Executed at time of transaction

 

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

Ceramic articles

Importing, Trading

Ceramic tiles

Importing, Trading

Granite

Importing, Trading

Sanitaryware

Importing, Trading

Tiles

Importing, Trading

 

SIC PRODUCT CLASSIFICATION & ACTIVITY

 

 

 

Product/Service Description

Code

Activity

Ceramic articles, nspf

3269

Importing, Trading

Ceramic wall and floor tile

3253

Importing, Trading

Crushed/Broken Granite

1423

Importing, Trading

Plastics plumbing fixtures and sanitary ware

3088

Importing, Trading

 

 

 

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

 

 

 

Product/Service Description

Code

Activity

Ceramic articles

6914

Importing, Trading

Ceramic building bricks, flooring blocks, tile etc

6904

Importing, Trading

Ceramic sinks, washbasins, water closet bowls etc

6910

Importing, Trading

Granite

6802930000

Importing, Trading

Sanitary ware & parts, iron or steel

7324

Importing, Trading

 

 

 

 

CORE BUSINESS DESCRIPTION

 

 

 

Core Business

 

The primary business focus of JAUSA TRADING MALDIVES PVT LTD is General trading.

 

 

 

Supplementary Business

 

In addition to the core business, JAUSA TRADING MALDIVES PVT LTD also is engaged in the following areas of business:

  1. Importing
    • Importing - Finished products

 

 

 

 

DOMESTIC SALES & PURCHASES

 

 

 

Annual Sales Analysis

Percentage

Domestic Sales

100%

International Sales (Export)

0%

 

 

 

 

Annual Purchases Analysis

Percentage

Local Purchases

70%

Imports

30%

 

 

REPUTATION

 

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

 

INTERNATIONAL TRADE : ACTIVITY & MARKETS

 

 

 

 

Country / Region

Estimated level of importance

Trading Activity

Asia / Pacific

Medium

Importing

China

Medium

Importing

Sri Lanka

Medium

Importing

 

 

 

 

OFFICE & FACILITIES

 

 

 

Name

:

JAUSA TRADING MALDIVES PVT LTD - MAGU, MALE

Address

:

1Fl G Looza Hadheebee, Magu, Male 20100

Country

:

Maldives

Status

:

Operational

 

 

 

NOTES & COMMENTS

 

Na

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.96

UK Pound

1

Rs.77.46

Euro

1

Rs.64.39

 

 

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.