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Report Date : |
23.07.2012 |
IDENTIFICATION DETAILS
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Name : |
SOLUTIONS EAUX ET ENVIRONNEMENT LTEE |
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Registered Office : |
The Junction
Business Hub, |
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Country : |
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Date of Incorporation : |
02.02.2012 |
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Com. Reg. No.: |
C107657 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
water treatment and
supply |
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No. of Employees : |
80 employees. |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Status : |
New company |
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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 |
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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 |
Registered Name: SOLUTIONS EAUX ET ENVIRONNEMENT LTEE
Requested Name: SOLUTIONS
EAUX ET ENVIRONNEMENT LTEE
Other Names: None
Physical Address: The Junction Business Hub,
Calebasses Branch Road, Calebasses,
Mauritius
Ile Maurice
Postal Address: The Junction Business Hub,
Calebasses Branch Road, Calebasses,
Mauritius
Ile Maurice
Country: Mauritius
Phone: 230-2431820
Fax: 230-2431820
Email: see@see.mu
Website: www.see.mu
Financial Index as of projected December 2012 shows subject firm with a
medium risk of credit.
Legal Form: Limited Corporation
Date Incorporated: 02-Feb-2012
Reg. Number: C107657
VAT Number: 27129077
Nominal Capital MUR. 50,000
Subscribed Capital MUR. 50,000
Subscribed Capital is Subscribed in the following form:
Position Shares
Mr. Mathias Echevin CEO
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
Registered to operate water treatment and supply
Imports: Asia
Exports: None
Trademarks: None
Terms of sale: Cash
(60%) and 25-90 days (40%), invoices.
Main Customers: firms
and organizations
Employees: 80
employees.
Vehicles: Several
motor vehicles.
Territory of
sales: Mauritius
Location: Rented
premises, 1,500 square feet,
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, 2012
Projected
Inflation: According to
information given by independent sources, the
inflation
at December 31st, 2012 is of 13%.
Financial
Information not Submitted
Profit and Loss (expressed in MUR.)
2012
Projected Sales 21,200,000
Bank Name: Bank One Mauritius
Branch: Mauritius
Comments: None
Experiences: Good
None
This information
was obtained from outside sources other than the subject company itself and
confirmed the above subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.15 |
|
UK Pound |
1 |
Rs.86.58 |
|
Euro |
1 |
Rs.67.60 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.