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Report Date : |
04.07.2012 |
IDENTIFICATION DETAILS
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Name : |
OCL GLOBAL LTD. |
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Registered Office : |
44, |
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Country : |
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Date of Incorporation : |
17.01.2006 |
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Com. Reg. No.: |
60429 |
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Legal Form : |
Global Business Category 2 |
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Line of Business : |
dealing in steel and allied products |
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No. of Employees : |
100 |
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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Status : |
Moderate |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Mauritius |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
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 |
Registered Name: OCL GLOBAL LTD.
Requested Name: OCL
GLOBAL LTD.
Other Names: None
Physical Address: 44, Saint George Street Port
Louis
Postal Address: 44, Saint George Street
Port Louis
Country: Mauritius
Phone: 230-2101867/3386
Fax: 230-2105922
Email: Fideco@intnet.mu
Website: www.fidecoglobal.com
Financial Index as of December 2011 shows subject firm with a medium
risk of credit.
Legal Form: Global Business Category 2
Date Incorporated: 17-Jan-2006
Reg. Number: 60429
Nominal Capital MUR. 100,000
Subscribed Capital MUR. 100,000
Subscribed Capital is Subscribed in the following form:
Position Shares
Mr. Pradip Kumar
Khaitan Group CEO
OCL India Limited Shareholder 50%
Mr. Nowsad Nauthoo (on behalf of
Fideco Global Business Services Ltd.) Agent
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
Registered to operate as a company dealing in steel and allied products
Imports: China,
India and South Africa
Exports: None
Trademarks: None
Terms of sale: Cash
(40%) and 30 days (60%), invoices.
Main Customers: firms
and organizations
Employees: (Group) 100
employees
Vehicles: Several
motor vehicles.
Territory of
sales: Mauritius
Location: Rented
premises, 5.000 square feet,
Auditors: Information not available.
Insurance
Brokers: Information not available.
Currency Reported: Mauritius Rupee (MUR.)
Approx. Ex. Rate: 1 US Dollar = 30.98 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 MUR.
Undisclosed
Bank Name: Mauritius Commercial Bank
Comments: None
Experiences: Good
None
This information was
obtained from outside sources other than the subject company itself . The company
is a (GLOBAL BUSINESS CATEGORY 2 ) limited company , Hence Confidentiality is
strictly observed in terms of the 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.
The identity of the beneficial owner needs to be disclosed only to the
registered agent and to the banker if a bank account is required in Mauritius.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.81 |
|
UK Pound |
1 |
Rs.86.04 |
|
Euro |
1 |
Rs.69.62 |
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 |
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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 |
|
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.