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Report Date : |
13.02.2013 |
IDENTIFICATION DETAILS
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Name : |
TS HYDERABAD 12A |
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Registered Office : |
C/o. Deutsche International Trust Corporation (Mauritius) Limited, Corporate
Services Division 4th Floor, Barkly Wharf East, Le Caudan Waterfront P. o. Box 615, Port Louis |
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Country : |
Mauritius |
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Date of Incorporation : |
10.02.2006 |
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Com. Reg. No.: |
C60878 |
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Legal Form : |
Global Business Category 1 |
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Line of Business : |
Consultancy Firm |
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No. of Employees : |
2 employees. |
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 : |
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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2011) |
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.
Source
: CIA
Registered Name: TS HYDERABAD 12A
Requested Name: TS
HYDERABAD 12A
Other Names: None
Physical Address: C/o. Deutsche International Trust Corporation
(Mauritius) Limited, Corporate Services Division
4th Floor, Barkly Wharf East, Le
Caudan Waterfront
Postal Address: P. o. Box 615,
Port Louis,
Country: Mauritius
Phone: 230-2027982/25
Fax: 230-2027906
Email: None
Website: None
Financial Index as of December 2012 shows subject firm with a high risk
of credit.
Legal Form: GLOBAL BUSINESS CATEGORY 1
Date Incorporated: 10-Feb-2006
Reg. Number: C60878
Nominal Capital MUR. 100,000
Subscribed Capital MUR. 100,000
Subscribed Capital is Subscribed in the
following form:
Position Shares
Undisclosed Directors
Deutsche International Trust
Corporation (Mauritius) Limited Agent
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
Registered to operate as a consultancy firm.
Imports: None
Exports: None
Trademarks: None
Terms of sale: Undisclosed
Main Customers: firms
and organizations
Employees: 2
employees.
Vehicles: None
Stated
Territory of
sales: Mauritius
Location: Undisclosed
Auditors: Information not available.
Insurance Brokers: Information not available.
Currency Reported: Mauritius Rupee (MUR.)
Approx. Ex. Rate: 1 US Dollar = 30.45 Mauritius Rupees
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 Submitted MUR.
Undisclosed
Bank Name: Barclays Bank
Branch: Mauritius
Comments: None
This information was
obtained from outside sources other than the subject company itself.
This company is a GLOBAL BUSINESS CATEGORY 1 (GBL 1) as defined under
the Financial Services Development Act 2001, a GBL1 is a company engaged in
qualified global business and which is carried on from within Mauritius with
persons all of whom are resident outside Mauritius and where business is
conducted in a currency other than the Mauritian rupee.
It is the recommended structure for individuals, body corporate, trust
or partnership including limited liability partnership or a société for
investment and other high profile business. A GBL1 may be locally incorporated
or may be registered as a branch of a foreign company. Public companies, those
engaged in banking, insurance and fund management, and companies wishing to
benefit from the provisions of Double Taxation Agreements (DTAs), can only be
incorporated as GBL1 companies.
Confidentiality is strictly observed in
terms of the Financial Services Development Act 2001(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.
Upon application to the FSC, full disclosure is required on the beneficial
owners of the company. However, such information is not available for public
inspection.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.96 |
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|
1 |
Rs.84.49 |
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Euro |
1 |
Rs.72.23 |
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.