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Report Date : |
21.07.2012 |
IDENTIFICATION DETAILS
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Name : |
ADVANTA SEED INTERNATIONAL |
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Registered Office : |
House |
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Country : |
Mauritius |
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Date of Incorporation : |
25.07.2007 |
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Com. Reg. No.: |
C073088 |
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Legal Form : |
Global Business Category 1 |
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Line of Business : |
Operate as a consultancy firm |
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No. of Employees : |
2 employees. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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: ADVANTA SEED INTERNATIONAL ROGERS
Requested Name: ADVANTA
SEED INTERNATIONAL ROGERS.
Other Names: None
Physical Address: House 5 President John Kennedy
Street
Postal Address: P. o. Box 60
Port Louis
Country: Mauritius
Phone: 230-2023000
Fax: 230-2125265
Email: None
Website: None
Financial Index as of December 2011 shows subject firm with a high risk
of credit. However, bank and credit information obtained reveal a history of
prompt payments.
Legal Form: GLOBAL BUSINESS CATEGORY 1
Date Incorporated: 25-July-2007
Reg. Number: C073088
Nominal Capital MUR. 10,000
Subscribed Capital MUR. 10,000
Subscribed Capital is Subscribed in the
following form:
Position Shares
Undisclosed Directors
MULTICONSULT
LIMITED Trustee
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
Registered to operate as a consultancy firm
Imports: None
Exports: None
Trademarks: None
Terms of sale: None
Stated
Main Customers: None
Stated
Employees: 2
employees.
Vehicles: None
Stated
Territory of
sales: Mauritius
Location: Undisclosed
Auditors: Information not available.
Insurance Brokers: Information not available.
Currency Reported: Mauritius Rupee (MUR.)
Approx. Ex. Rate: 1 US Dollar = 31.15 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 Submitted MUR.
Undisclosed
Bank Name: Information not available.
Comments: None
Experiences: None Stated
None
This information was obtained
from outside sources other than the subject company itself and confirmed the
above subject.
A Global Business Category
1 (GBL1) is a company engaged in qualified global business and which is carried
on from within Mauritius with persons all of whom are resident outside
Mauritius.
It is the recommended
structure for individuals, body corporate, trust or partnership including
limited liability partnership or a société for investment and other high
profile business. A GBL1 may be locally incorporated or may be registered as a
branch of a foreign company. Public companies, those engaged in banking,
insurance and fund management, and companies wishing to benefit from the
provisions of Double Taxation Agreements (DTAs), can only be incorporated as
GBL1 companies.
Confidentiality is strictly observed in terms of the Financial Services
Development Act 2001(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. Upon application to the FSC,
full disclosure is required on the beneficial owners of the company. However,
such information is not available for public inspection.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.15 |
|
|
1 |
Rs.86.58 |
|
Euro |
1 |
Rs.67.60 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.