MIRA INFORM REPORT

 

 

Report Date :

13.06.2013

 

IDENTIFICATION DETAILS

 

Name :

OUVRAGE ET TRAVAUX INDUSTRIELS

 

 

Registered Office :

Lot I A 58, CP 101 Ampatsakana, Antanarrivo

 

 

Country :

Madagascar

 

 

Year of Incorporation :

2007

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

The Business is engaged in expertise, controls, studies and research in the field of art and industrial works.

 

 

No. of Employees :

50-79

 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Undetermined

Payment Behaviour :

--

Litigation :

--

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, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Madagascar

C1

C1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

MADAGASCAR - ECONOMIC OVERVIEW

 

After discarding socialist economic policies in the mid-1990s, Madagascar followed a World Bank- and IMF-led policy of privatization and liberalization that has been undermined since the start of the political crisis. This strategy placed the country on a slow and steady growth path from an extremely low level. Agriculture, including fishing and forestry, is a mainstay of the economy, accounting for more than one-fourth of GDP and employing 80% of the population. Exports of apparel boomed in recent years primarily due to duty-free access to the US, however, Madagascar''s failure to comply with the requirements of the African Growth and Opportunity Act (AGOA) led to the termination of the country''s duty-free access in January 2010 and a sharp fall in textile production. Deforestation and erosion, aggravated by the use of firewood as the primary source of fuel, are serious concerns. The current political crisis, which began in early 2009, has dealt additional blows to the economy. Tourism dropped more than 50% in 2009 compared with the previous year, and many investors are wary of entering the uncertain investment environment. Growth was anemic during 2010 to 2012 although expansion in mining and agricultural sectors is expected to contribute to more growth in 2013.

Source : CIA

REGISTERED NAME & COMPANY SUMMARY

 

OUVRAGE ET TRAVAUX INDUSTRIELS

 

 

ADDRESSES:

Main Address:                             Lot I A 58, CP 101

Zip code/City:                              Ampatsakana, Antanarrivo, Madagascar

Telephone:                                  +261 20 22 323 48

 

E-mail:                                        oti@oti-mada.com

WIN Worldbox No.:                      MG0000020035

VAT-No.:                                     0000010039

 

 

Profile

Established:                                2007

Line of Business:                         Commercial services

Industry Division:                         Services

Industry-code (NACE):                 7490 Other professional, scientific and technical activities n.e.c.

                                                  8299 Other business support service activities n.e.c.

Banks:                                        unknown

Employees:                                 50-79

 

CNPJ:                                         -

 

DIRECTORS/MANAGEMENT

 

Board of Directors:

General Director                          HaryManohisoaAndriantefihasina, Origin: Madagascar

 

NEGATIVE INFORMATION

 

Public information:

-

 

SHARE & SHARE CAPITAL INFORMATION

 

State Register:                            2007B01020

Legal form:                                  Limited Liability Company

Incorporation date:                       23.07.2009

Balance sheet filing date:             -

Tax Contributor Number (CNPJ):   -

Legal status:                               active

Responsible Register:                  Registre du Commerce du Madagascar

 

Entry          Deleted       Name

active                           OUVRAGE ET TRAVAUX INDUSTRIELS

 

Entry          Deleted       Capital

active                           Capital MGA 2,000,000, paidup MGA 2,000,000

 

PAYMENT INFORMATION

 

Import and Export:

-

 

Payment history:

No complaints on record.

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Owners/-s:

Name(s) of the sharreholder(s) are not available.

 

 

FINANCIAL INFORMATION

 

Financial information:

There are no accounts available; upon direct approach it proved impossible to obtain further details..

 

FOREIGN EXCHANGE RATES

 

Exchange rate:

US$ 1,00  =  MGA 2.152,00         -  Official rate on 11.06.2013

 

ADDITIONAL INFORMATION

 

Main Activities:

The Business is engaged in expertise, controls, studies and research in the field of art and industrial works.

 

Operations & branches:

At the address, Lot I A 58, CP 101, Ampatsakana, Antanarrivo, we find the companies head office.

 

 

Staff:

50-79

 

NOTES & COMMENTS

 

When contacting the company, they declined to provide any information by phone. As per their request we have sent an email requesting further details. So far we did not receive a response. Should we receive more information in the coming few days, then we will send you an update.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.58.27

UK Pound

1

Rs.91.16

Euro

1

Rs.77.50

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.