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Report Date : |
18.09.2012 |
IDENTIFICATION DETAILS
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Name : |
LIBERTY INVESTMENT LTD. |
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Registered Office : |
Red Hill, Viginia, |
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Country : |
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Date of Incorporation : |
01.01.2005 |
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Legal Form : |
Limited Liability Company, Limited by shares |
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Line of Business : |
Dealers in scrap
metal, scrap rubber, industrial equipments, air conditioners etc |
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No. of Employees : |
10 |
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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
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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Liberia |
C2 |
C2 |
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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 |
LIBERIA - ECONOMIC OVERVIEW
Liberia is a low income
country heavily reliant on foreign assistance for revenue. Civil war and government
mismanagement destroyed much of Liberia's economy, especially the
infrastructure in and around the capital, Monrovia. Many businesses fled the
country, taking capital and expertise with them, but with the conclusion of
fighting and the installation of a democratically-elected government in 2006,
several have returned. Liberia has the distinction of having the highest ratio
of direct foreign investment to GDP in the world. Richly endowed with water,
mineral resources, forests, and a climate favorable to agriculture, Liberia had
been a producer and exporter of basic products, primarily raw timber and rubber
and is reviving those sectors. Local manufacturing, mainly foreign owned, had
been small in scope. President JOHNSON SIRLEAF, a Harvard-trained banker and
administrator, has taken steps to reduce corruption, build support from
international donors, and encourage private investment. Embargos on timber and
diamond exports have been lifted, opening new sources of revenue for the
government and Liberia shipped its first major timber exports to Europe in
2010. The country reached its Heavily Indebted Poor Countries initiative
completion point in 2010 and nearly $5 billion of international debt was
permanently eliminated. This new status will enable Liberia to establish a
sovereign credit rating and issue bonds. Liberia''s Paris Club creditors agreed
to cancel Liberia''s debt as well. The IMF has completed the sixth review of
Liberia''s extended credit facility, bringing total disbursements to over $379
million. The African Development Bank approved a grant of $48 million in 2011
to support economic governance and competitiveness. Rebuilding infrastructure
and raising incomes will depend on generous financial and technical assistance
from donor countries and foreign investment in key sectors, such as
infrastructure and power generation.
Source
: CIA
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COMPANY REPORTED: |
LIBERTY INVESTMENT LTD. |
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Principal Address: |
Red Hill, Viginia, Monrovia, Liberia |
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Telephone: |
+231-886757470/ 77026243 |
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Fax: |
+231-7700700 |
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Email: |
None |
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Internet: |
None |
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Established: |
1/01/2005 |
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Registration: |
Monrovia, Liberia |
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Legal Form: |
Limited Liability Company, Limited by shares |
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Stock Listing: |
Not Listed |
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Workforce: |
2011 |
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10 |
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Office & Factories |
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Head offices |
Red Hill, Viginia, Monrovia, Liberia |
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Branches |
None |
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Management/ Directors |
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President/ CEO (1) |
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Name |
Mr. Tarun Mirpuri |
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Active in daily business: |
Active |
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Current Title: |
Director |
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Country of residence |
Liberia |
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Remarks |
Top Decision Maker |
No negative information
found
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Company
Profile: |
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Nominal Capital |
LRD. 1,000,000 |
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Paid in Capital |
LRD. 1,000,000 |
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Subscribed Capital |
LRD. 1,000,000 |
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Shareholders |
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Name |
Position |
Amount |
Ratio |
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Mr. Tarun Mirpuri |
Director |
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Total |
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100.00% |
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Terms of
payment |
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Buying
terms |
30% in
cash, 70% on credit |
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Selling
terms |
80% in
cash, 20% on credit |
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Suppliers |
None Stated |
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Customers |
Local
agencies etc |
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Recent
Sales |
LRD. 350,000,000
(2011 Estimated) |
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Exports |
None |
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Export
Ratio |
0.0% |
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Import
Ratio |
40.0% |
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Domestic
Market Share |
20.0% |
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Affiliated Companies |
None |
N/a
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Exchange Rate |
US$ 1 = LRD. 73.75 |
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Established: |
1/01/2005 |
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Registration: |
Monrovia, Liberia |
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Legal Form: |
Limited Liability Company, Limited by shares |
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Stock Listing: |
Not Listed |
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Workforce: |
2011 |
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10 |
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Office & Factories |
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Head offices |
Red Hill, Viginia, Monrovia, Liberia |
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Branches |
None |
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Business Activities |
Dealers in scrap metal,
scrap rubber, industrial equipments, air conditioners etc |
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Business Premises |
1000 Sft |
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Type of occupation
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Leased |
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Location |
The subject is located close to a major road network |
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Premises used as
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Offices |
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Banking
relationship |
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Main
Banks |
Eco Bank Liberia Limited Ashmun & Randll Streets, P O Box 4825, 1000 Monrovia 10, Liberia |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.97 |
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1 |
Rs.87.52 |
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Euro |
1 |
Rs.70.84 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.