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Report Date : |
18.09.2012 |
IDENTIFICATION DETAILS
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Name : |
SURPLUS GLOBAL LIMITED |
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Registered Office : |
Rue Oued El Makhazine, Immeuble B Lotfi N° 18 Deuxième
Etage, |
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Country : |
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Date of Incorporation : |
27.10.2011 |
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Com. Reg. No.: |
48759 |
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Legal Form : |
Societe A Responsibilite
Limitee |
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Line of Business : |
Wholesale of perfume and
cosmetics |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
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Status : |
New Business |
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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) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
MOROCCO - ECONOMIC OVERVIEW
Morocco has capitalized on its proximity to Europe and relatively low
labor costs to build a diverse, open, market-oriented economy. In the 1980s Morocco
pursued austerity measures and pro-market reforms, overseen by the IMF. Since
taking the throne in 1999, King MOHAMMED VI has presided over a stable economy
marked by steady growth, low inflation, and generally declining government
debt. Industrial development strategies and infrastructure improvements - most
visibly illustrated by a new port and free trade zone near Tangier - are
improving Morocco's competitiveness. Key sectors of the economy include
agriculture, tourism, phosphates, textiles, apparel, and subcomponents. In 2006
Morocco entered into a bilateral Free Trade Agreement with the United States;
it remains the only African country to have one. In 2008 Morocco entered into
an Advanced Status agreement with the European Union. Despite Morocco's
economic progress, the country suffers from high unemployment and poverty. In
2011, high food and fuel prices strained the government's budget and widened
the country's current account deficit. Key economic challenges for Morocco
include fighting corruption, reducing government spending, reforming the
education system and judiciary, addressing socioeconomic disparities, and
building more diverse, higher value-added industries.
|
Source
: CIA |
Registration
Number: 48759
Registration
Date: 27/10/2011
Legal
Form: SOCIETE
A RESPONSIBILITE LIMITEE
Latest
Financials: N/A
Nominal Capital: 10,000
Moroccan Dirham
Issued Capital: N/A
Turnover: N/A
Net Profit: N/A
Net Worth: N/A
NB NEW
BUSINESS
Subject
is under 18 months old. Monitoring its future progress is recommended.
Investigation Number: 166293
Rime Reference: 0
Company Name: SURPLUS
GLOBAL LIMITED
Country: MO
Street Name: RUE
OUED EL MAKHAZINE IMMEUBLE BLOTI NM 18,
City Code:
Post Code: DEUXIEME
ETA
Comments: WE REQUIRE FRESHLY
INVESTIGATE REPORT(WITH
LAST2/3
YEARS FINANCIALS‑IF POSSIBLE) IN LIGHTS OF
CURRENT
SCENARIO & DEVPT IN AND AROUND THE
SUBJECT
AND ANY IMPORTANT GUIDELINES OR
SUGGESTIONS
TO MAKE ON
PLS
PROVIDE MAX CR
ALWAYS
INCLUDE FULL LINE OF BUSSINESS ALONGWITH
NAMES
OF PRODUCTS MANUFACTURED/ TEADED BY
SUBJECT
AS THIS IS REQUIRED BY OUR CLIENT
SPECIFICALLY
Rime Reference: 10748042
Company Name: SURPLUS
GLOBAL LIMITED
Headquarter Address: Rue Oued El
Makhazine,
Immeuble
B Lotfi N° 18 Deuxième Etage,
Gueliz,
Casablanca,
Morocco
Company was originally started on 27/10/2011
Current Legal Form: SOCIETE A
RESPONSIBILITE LIMITEE
Registration Address: Rue Oued El
Makhazine,
Immeuble
B Lotfi N° 18 Deuxième Etage,
Casablanca
Registration Number: 48759
Registration Date: 27/10/2011
Year/Date Company Established: 27/10/2011
Registration Town: Marrakech
Currency: Moroccan
Dirham
Authorized Capital: 10,000
Paid Up Capital: 10,000
Number of Shares: 100 Type of
Shares: None Selected
Issued Shares: 1,000 Value per
share: MDH 100.00 Value of this
type: 100,000.00
Shareholders:
Name/Other Information Shares
Held % of
Voting/Non‑Voting capital
Ms.
Samira Aloui, 100 100.00%
(VOTING)
Morocco
Name: Ms Samira
Aloui
Position within the company: Managing director
Date of Birth: 01/01/1980
Nationality: Moroccan
NACE Codes: 4645 Wholesale
of perfume and cosmetics
4642 Wholesale of clothing and footwear
The subject company is believed to be involved
with trade of cosmetics and clothes.
Local Reporters consider the
investigated company to be SMALL in their field of concern.
HQ Premises Operates
from: Office
Location: Central Business Area
Related Companies
Subsidiaries
Affiliates
Information on Related Companies is not
available/applicable
Information on Bankers is not
available/applicable
Payments
Subject's payments reported to
be: UNDETERMINED
Interview & Reporter Comments
Date: 14/09/2012
Comment: We have been unable
to contact a company official.
Reporter Comment Date: 14/09/2012
Reporter
Comment: There is no
telephone or fax number supplied within the original query. Local telephone
directory was checked and it was proved that the company SURPLUS GLOBAL LIMITED
was not registered.
Therefore,
we are unable to approach the said company you are investigating.
The
above mentioned information was obtained from the Commercial Court of
Marrakech.
Local Reputation: Local informants have not adequate information to assess the Subject's local reputation.
General Conclusion: Informants advise suitable assurances or guarantees.
Owner/Shareholders Comments: All or most of the owners / shareholders have an active participation in the running of the business.
Age of Business: The company is classified as a New Business (under 18 months old), the progress of this company remains to be seen.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.97 |
|
|
1 |
Rs.87.52 |
|
Euro |
1 |
Rs.70.84 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.