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Report Date : |
04.04.2013 |
IDENTIFICATION DETAILS
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Name : |
AANYA PROPERTIES (2) LTD. |
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Registered Office : |
c/O Kross Broder Corporate Services Ltd., St Louis Business Centre, Cnr
Desroches And St. Louis Street, Port Louis |
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Country : |
Mauritius |
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Date of Incorporation : |
21.03.2007 |
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Com. Reg. No.: |
C069760 Mauritius |
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Legal Form : |
Limited Corporation (Global Business Category
1) |
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Line of Business : |
Subject operate as
Investment and Asset holding Company |
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No. of Employees : |
03 |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Poor |
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Payment Behaviour : |
Unknown |
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Litigation : |
Unknown |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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 |
mauritius - ECONOMIC OVERVIEW
Since independence in 1968, Mauritius has developed from a low-income, agriculturally based economy to a middle-income diversified economy with growing industrial, financial, and tourist sectors. For most of the period, annual growth has been in the order of 5% to 6%. This remarkable achievement has been reflected in more equitable income distribution, increased life expectancy, lowered infant mortality, and a much-improved infrastructure. The economy rests on sugar, tourism, textiles and apparel, and financial services, and is expanding into fish processing, information and communications technology, and hospitality and property development. Sugarcane is grown on about 90% of the cultivated land area and accounts for 15% of export earnings. The government's development strategy centers on creating vertical and horizontal clusters of development in these sectors. Mauritius has attracted more than 32,000 offshore entities, many aimed at commerce in India, South Africa, and China. Investment in the banking sector alone has reached over $1 billion. Mauritius, with its strong textile sector, has been well poised to take advantage of the Africa Growth and Opportunity Act (AGOA). Mauritius' sound economic policies and prudent banking practices helped to mitigate negative effects from the global financial crisis in 2008-09. GDP grew more than 4% per year in 2010-11, and the country continues to expand its trade and investment outreach around the globe.
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Source : CIA |
Registered Name: AANYA PROPERTIES (2) LTD.
Requested Name: AANYA
PROPERTIES (2) LTD.
Other Names: None
Physical Address: c/o Kross broder Corporate
Services Ltd.,
St
Louis Business centre, Cnr Desroches and St. Louis Street, Port Louis
Postal Address: c/o Kross broder Corporate
Services Ltd.,
St
Louis Business centre, Cnr Desroches and St. Louis Street,
Port Louis
Country: Mauritius
Phone: 230-2031100
Fax: 230-2031150
Email: contact@krossborder.intnet.mu
Website: www.krossborder.com
Legal Form: Limited Corporation (GLOBAL BUSINESS CATEGORY 1)
Date Incorporated: 21/03/2007
Reg. Number: C069760
Mauritius
Nominal Capital MUR. 100,000
Subscribed Capital MUR. 100,000
Subscribed Capital is Subscribed in the following form:
Position Shares
Undisclosed Directors
Kross Broder Corporate Services
Ltd Trustee/Agent
None Parent company.
None Subsidiary company.
Aanya Investment Management
Limited
Aanya Properties (1) Ltd
Aanya Holdings Limited Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
Registered to operate Investment and Asset holding Company
Imports: None
Exports: None
Trademarks: None
Terms of sale: None
Stated
Main Customers: Undisclosed
Employees: 3
employees.
Vehicles: None
Stated
Territory of
sales: Mauritius
Location: None
Stated
Auditors: Information not available.
Insurance
Brokers: Information not available.
Currency Reported: Mauritius Rupee (MUR.)
Approx. Ex. Rate: 1 US Dollar = 31.17 Mauritius Rupee
Fiscal
Year End: December 31, 2012
Inflation: According
to information given by independent sources, the
inflation
at December 31st, 2012 was of 13%.
Financial Information not Submitted
Bank Name: Barclays Bank
Comments: None
Experiences: Good
None
This information was
obtained from outside sources other than the subject company itself.
This information was
obtained from outside sources other than the subject company itself .
The company is a (GLOBAL
BUSINESS CATEGORY 1 ) 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.
Due to the confidentiality we could not ascertain the Directors of the
company or the Shareholding
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.39 |
|
UK Pound |
1 |
Rs.82.05 |
|
Euro |
1 |
Rs.69.59 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.