MIRA INFORM REPORT
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Report Date : |
27.01.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
ROYAL AUTOMOBILES SARL |
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Registered Office : |
50 Av Georges Clemenceau Mano B.P. 20349 |
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Country : |
Tahiti |
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Date of Incorporation : |
25.05.1994 |
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Legal Form : |
Societe A Responsabilite Limitee (SARL) |
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Line of Business : |
The subject is an offical Distributor for Subaru, JMC and Rover cars
in Tahiti |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 3,000. |
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Status : |
Small Company |
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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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Tahiti, French Polynesia |
A1 |
A1 |
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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 |
GEOPOLITICS - TAHITI
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: French Overseas
Territory
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Currency: 100.00 EUR = 130.200 USD |
IDENTIFICATION
|
Legal Name: |
ROYAL AUTOMOBILES SARL |
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Legal Address |
50 Av Georges Clemenceau Mano B.P. 20349, Tahiti. |
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Operative Address |
50 Av Georges Clemenceau Mano B.P. 20349, Tahiti. |
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Telephone: |
+689 504 150 |
numtah : |
302364 |
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Fax: |
+689 413 700 |
Legal Form: |
Societe A Responsabilite Limitee (SARL) |
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Email: |
Registered in: |
Tahiti |
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Website: |
NA |
Date Created: |
1994 |
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Manager: |
Daniel Siu, President. |
Date Incorporated: |
May 25, 1994 |
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Staff: |
5 to 9 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
The subject is an offical Distributor for Subaru, JMC and Rover cars
in Tahiti. |
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BUSINESS
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HISTORY |
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In 1994 the company was created by its parent company to sell the following
brands: Land Rover, MG et Rover. |
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PRINCIPAL ACTIVITY |
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Cars Importer and Official Distributor. |
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Sales are: |
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Retail |
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Brands: |
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The company mainly sells: Subaru. JMC. Land Rover. Rover. |
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Operations area: |
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National, Local |
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The company imports from Mainly from UK. |
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The subject employs 5 to 9 employee(s) |
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LOCATION |
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Headquarters |
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The subject is headquartered at: 50 Av Georges Clemenceau Mano B.P. 20349, Tahiti. |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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The company is a subsidiary of "Groupe Tahiti Automobile"
owned by Mr. Daniel Siu. |
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Management: |
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The company is presided by Mr. Daniel Siu. |
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Related Companies: |
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The company has other sister companies owned by the same person. |
Financials - COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not
publish any financial statements. |
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We have not contacted the company. |
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Legal Fillings |
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The
sources consulted record no detrimental legal or labor court information. |
Rating
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Local credit bureau gave a medium credit
rate. |
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Final Opinion |
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The subject has over 15 years of
experience in the automotive industry. The company is owned by the most important
importer and distributor of cars in Tahiti, which would has created our
subject to specialize in the brands mentioned. As requested in the order, we did not
contact the company. Please note that in French Polynesia,
little information is available through external sources. We suggest a credit line of USD 3,000. |
SUMMARY
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Profitability |
N.A. |
Public |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
N.A. |
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APPENDIX
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Comments |
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We could not verify the information in this report with the company. We did not contact the subject as you requested in your order. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.97 |
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UK Pound |
1 |
Rs.77.74 |
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Euro |
1 |
Rs.65.09 |
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.