x

MIRA INFORM REPORT

 

 

Report Date :

16.02.2012

 

 

 

Tel. No.:

960 318257 960 327094

Fax No.:

960 321989/326703

 

IDENTIFICATION DETAILS

 

Name :

MALE' AERATED WATER CO PVT LTD

 

 

Registered Office :

70 Boduthakurufaanu Marine Drive, Magu, Male

 

 

Country :

Maldives

 

 

Year of Establishment :

1983

 

 

Legal Form :

Private Limited

 

 

Line of Business :

Manufacturing of Bottled and canned soft drinks and carbonated waters

 

 

No. of Employees :

65

 

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 100,000.00

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 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

:

MALE' AERATED WATER CO PVT LTD

Address

:

70 Boduthakurufaanu Marine Drive, Magu, Male

Country

:

Maldives

Phone (S)

:

[+960]-3329999

Facsimile

:

[+960]-3326703

Email

:

info@mawc.com.mv

Primary Business Activity

:

Manufacturer

Key Industry

:

Beverages

 

Key Facts

 

Registered Legal Address

:

70 Boduthakurufaanu Marine Drive, Magu, Male

Operational Address

:

70 Boduthakurufaanu Marine Drive, Magu, Male

Issuing Authority

:

Ministry of Economic Development - National

License Number

:

C-0008/1983

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

:

1983

Employees

:

65

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

:

MALE' AERATED WATER CO PVT LTD

Acronym

:

MAWC

Primary Business Activity

:

Manufacturer

Primary Industry

:

Beverages

Office Contact Details

Operating Address

:

70 Boduthakurufaanu Marine Drive, Magu, Male

Tel

:

[+960]-3329999

 

:

[+960]-3326701

Fax

:

[+960]-3326703

Email

:

info@mawc.com.mv

 

 

 

CREDIT RECOMENDATION

 

Current Credit Limit: USD 100,000.00

 

DIRECTORS/MANAGEMENT

 

COMPANY MANAGEMENT

Management Listings

 

Name

Nationality

Job Description

Dept. / Division

1

Mr. Hassan Habeeb

Maldivian

General Manager

-

Management Details - 1

Personal Unique Identifier

:

MI03081544

Name

:

Mr. Hassan Habeeb

 

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

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 - Secured with Post-dated checks 30~60 days

Purchasing

Type

Terms

Local

Cash on delivery (COD)

Credit - Secured with Post-dated checks 30~60 days

Import

Letter of Credit (At-sight)

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

Open Account - Settlement by Telegraphic Transfer (T/T) - 90 days

 

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

Bottled water

Manufacturing

Carbonated drinks

Manufacturing

Soda

Manufacturing

Soft drinks

Manufacturing

SIC PRODUCT CLASSIFICATION & ACTIVITY

 

Product/Service Description

Code

Activity

Bottled and canned soft drinks and carbonated waters

2086

Manufacturing

 

 

HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY

 

Product/Service Description

Code

Activity

Beverages, spirits & vinegar

2200

Manufacturing

Carbonated soft drinks

2202100030

Manufacturing

Carbonated soft drinks, containing high-intensity sweeteners (e.g., aspartame and/or saccharin)

2202100020

Manufacturing

Carbonated soft drinks, not containing high-intensity sweeteners

2202100040

Manufacturing

Waters, including mineral waters and aerated waters, containing added sugar or other sweetening matter or flavored except carbonated soft drinks

2202100060

Manufacturing

Waters, sweetened etc & other nonalc beverages

2202

Manufacturing

 

 

CORE BUSINESS DESCRIPTION

 

Core Business

The primary business focus of MALE' AERATED WATER CO PVT LTD is Manufacturing - Finished products.

An integral part of the core business includes:

·                     Distribution

 

Supplementary Business

In addition to the core business, MALE' AERATED WATER CO PVT LTD also is engaged in the following areas of business:

  1. Importing
    • Importing - Raw materials

 

 

DOMESTIC SALES & PURCHASES

 

Annual Sales Analysis

Percentage

Domestic Sales

100%

 

 

Annual Purchases Analysis

Percentage

Local Purchases

55%

Imports

45%

 

INTERNATIONAL TRADE : ACTIVITY & MARKETS

 

 

 

 

Country / Region

Estimated level of importance

Trading Activity

Asia / Pacific

Medium

Importing

Europe

Medium

Importing

North America

Medium

Importing

India

Medium

Importing

Italy

Medium

Importing

Malaysia

Medium

Importing

Singapore

Medium

Importing

USA

Medium

Importing

 

 

OFFICE & FACILITIES

 

Name

:

MALE' AERATED WATER CO PVT LTD - MAGU, MALE

Type of Location

:

Industrial Area

Address

:

70 Boduthakurufaanu Marine Drive, Magu, Male

Country

:

Maldives

Ownership of Property

:

Rented / Leased

Other Use

:

Factory, Warehouse

Status

:

Operational

 

PRODUCT, BRAND, LOGO - LICENSING

Licensor

Name

Licensing Type

Licensing Date

License Details

COCA-COLA CO

Coke

Manufacturing rights

 

 

COCA-COLA CO

Fanta

Manufacturing rights

 

 

COCA-COLA CO

Bitter-lemon

Manufacturing rights

 

 

COCA-COLA CO

Sprite

Manufacturing rights

 

 

COCA-COLA CO

Diet-coke

Manufacturing rights

 

 

 

 

 

NOTES & COMMENTS

 

Na

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.29

UK Pound

1

Rs.77.45

Euro

1

Rs.64.89

 

 

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.