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Report Date : |
04.04.2013 |
IDENTIFICATION DETAILS
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Name : |
ACCESS INVESTMENTS INDIA 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 : |
17.03.2008 |
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Com. Reg. No.: |
C078698
Mauritius |
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Legal Form : |
Limited Corporation (Global Business Category
1) |
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Line of Business : |
Consultancy Investment Firm |
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No. of Employees : |
02 |
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: ACCESS INVESTMENTS INDIA LTD
Requested Name: ACCESS
INVESTMENTS INDIA
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: 17/03/2008
Reg. Number: C078698
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.
None Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
Consultancy investment firm
Imports: None
Exports: None
Trademarks: None
Terms of sale: None
Stated
Main Customers: Undisclosed
Employees: 2
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: MCB
Branch: Mauritius
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.