MIRA INFORM REPORT

 

 

Report Date :

10.01.2013

 

IDENTIFICATION DETAILS

 

Name :

WICKEY ATTRACTION SARL

 

 

Registered Office :

14 Impasse Modibo Keita ‑ Hermitage, Casablanca

 

 

Country :

Morocco

 

 

Date of Incorporation :

22.10.2012

 

 

Com. Reg. No.:

268767

 

 

Legal Form :

Societe A Responsibilite Limitee

 

 

Line of Business :

Non‑specialised wholesale trade

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

-

NB

                                       New Business

-

 

 

 

Status :

New Business

Payment Behaviour :

Unknown

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

 

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

Morocco

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

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

 

 

 

                                                                                                                                                  

COMPANY NAME

 

WICKEY ATTRACTION SARL

 

Registration Briefing

 

Registration Number:                             268767

 

Registration Date:                                  22/10/2012

 

Legal Form:                                           SOCIETE A RESPONSIBILITE LIMITEE

 

Latest Financials:                                  N/A

 

Financial Briefing

 

Nominal Capital:                                    50,000 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.

 

Original Investigation Details

     

Company Name:                                          WICKEH ATTRATION SARL

Country:                                                      MO

Street Name:

City Code:                                                   14, IMPASSE MODIBO KEITA HERMITAGE

 

Company Details

 

Company Name:                                          WICKEY ATTRACTION SARL

Headquarter Address:                                   14 Impasse Modibo Keita,

                                                                  Hermitage,

                                                                  Casablanca,

                                                                  Morocco

 

 

 

 

 

Company was originally started on 22/10/2012

 

Registration & Legal Details

 

Current Legal Form:                                   SOCIETE A RESPONSIBILITE LIMITEE

Registration Address:                                 14 Impasse Modibo Keita ‑ Hermitage,

                                                                Casablanca

Registration Number:                                  268767

Registration Date:                                      22/10/2012

Year/Date Company Established:                22/10/2012

Registration Town:                                     Casablanca

 

Capital

 

Currency:                                                                 Moroccan Dirham

Authorized Capital:                                                                   50,000

Paid Up Capital:                                                                       50,000

 

Authorized Capital Breakdown

 

Number of Shares: 500                               Type of Shares:  None Selected

 

Issued Shares: 500                                    Value per share: MDH 100.00               Value of this type: 50,000.00

 

Shareholders / Owners

 

Shareholders:

 

Name/Other Information                     Shares Held        % of Voting/Non‑Voting capital

Ms. Majdouline Harriz,                        500                     100.00% (VOTING)

Morocco

 

Principals

 

Name:                                                       Ms Majdouline Harriz

Position within the company:                      Managing director

Date of Birth:                                             16/06/1975

Country of Birth:                                         Morocco

Nationality:                                                Moroccan

Can fluently speak:                                    Arabic & French

 

Company Activities

 

NACE Codes:          4690           Non‑specialised wholesale trade

 

Operations

 

HQ Premises

 

Location:                                                   Central Business Area

 

Related Companies

 

Subsidiaries

 

 Affiliates

Information on Related Companies is not available/applicable

 

Bankers

 

Information on Bankers is not available/applicable

 

 

Financial Informatio

 

Payments

 

Subject's payments reported to be:        UNDETERMINED

 

 

 

Interview & Reporter Comments

 

Date:                                                                07/01/2013

Comment:                                                 We have been unable to contact a company official.

 

 

 

Reporter Comment Date:          07/01/2013

Reporter Comment:      There is no telephone or fax number supplied within the original query so we are unable to

                                   approach the said company you are investigating.

 

                                  The above mentioned information was obtained from the Casablanca Commercial Court.

 

                                   Note that the subject company is registered as : " WICKEY ATTRACTION " not as  

                                   mentioned in the enquiry.

 

Conclusions

 

Local Reputation:                                      

Local informants have not adequate information to assess the Subject's local reputation.

 

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.54.96

UK Pound

1

Rs.88.22

Euro

1

Rs.71.92

 

INFORMATION DETAILS

 

Report Prepared by :

NLM

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.