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Report Date : |
19.03.2013 |
IDENTIFICATION DETAILS
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Name : |
LIBERTY INVESTMENT LTD. |
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Registered Office : |
Red Hill, Viginia, Monrovia |
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Country : |
Liberia |
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Date of Incorporation : |
01.01.2005 |
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Com. Reg. No.: |
050787532 Monrovia, Liberia |
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Legal Form : |
Limited Liability Company, Limited by shares |
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Line of Business : |
Manufacture of soft drinks; production of mineral waters
and other bottled waters import and export of general goods |
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No. of Employees : |
600 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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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 (31.12.2011) |
Current Rating (31.03.2012) |
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Liberia |
C2 |
C2 |
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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 |
LIBERIA - ECONOMIC OVERVIEW
Liberia is a low income
country heavily reliant on foreign assistance for revenue. Civil war and
government mismanagement destroyed much of Liberia's economy, especially the
infrastructure in and around the capital, Monrovia. Many businesses fled the
country, taking capital and expertise with them, but with the conclusion of
fighting and the installation of a democratically-elected government in 2006,
several have returned. Liberia has the distinction of having the highest ratio
of direct foreign investment to GDP in the world. Richly endowed with water,
mineral resources, forests, and a climate favorable to agriculture, Liberia had
been a producer and exporter of basic products, primarily raw timber and rubber
and is reviving those sectors. Local manufacturing, mainly foreign owned, had
been small in scope. President JOHNSON SIRLEAF, a Harvard-trained banker and
administrator, has taken steps to reduce corruption, build support from
international donors, and encourage private investment. Embargos on timber and
diamond exports have been lifted, opening new sources of revenue for the
government and Liberia shipped its first major timber exports to Europe in
2010. The country reached its Heavily Indebted Poor Countries initiative completion
point in 2010 and nearly $5 billion of international debt was permanently
eliminated. This new status will enable Liberia to establish a sovereign credit
rating and issue bonds. Liberia''s Paris Club creditors agreed to cancel
Liberia''s debt as well. The IMF has completed the sixth review of Liberia''s
extended credit facility, bringing total disbursements to over $379 million.
The African Development Bank approved a grant of $48 million in 2011 to support
economic governance and competitiveness. Rebuilding infrastructure and raising
incomes will depend on generous financial and technical assistance from donor
countries and foreign investment in key sectors, such as infrastructure and
power generation.
Source
: CIA
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COMPANY REPORTED: |
LIBERTY INVESTMENT LTD. |
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Principal Address: |
Red Hill, Viginia, Monrovia, Liberia |
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Telephone: |
+231-6524537/ 886757470/ 77026243 |
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Cell: |
+231-836212610 |
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Fax: |
+231-7700700 |
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Email: |
None |
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Internet: |
None |
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Established: |
1/01/2005 |
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Registered: |
05/03/2006 |
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Registration: |
050787532 Monrovia, Liberia |
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Legal Form: |
Limited Liability Company, Limited by shares |
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Stock Listing: |
Not Listed |
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Workforce: |
2011 |
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600 |
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Office & Factories |
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Head offices |
Red Hill, Viginia, Monrovia, Liberia |
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Branches 3 |
Paynesville City, Jacob Town |
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Management/
Directors |
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President/ CEO (1) |
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Name |
Mr. Arun Lal Malkani |
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ID/Passport No. |
761212731 UNITED KINGDOM |
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Marital Status |
Married |
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Physical Address |
Red Hill Field Virgina Montserrado Liberia |
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Active in daily business: |
Active |
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Country of Residence |
Britian |
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Remarks |
Top Decision Maker |
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Director (2) |
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Name |
Mr. Tarun Mirpuri |
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Active in daily business: |
Active |
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Country of residence |
Liberia |
̃ Top decision maker is the person who has the ultimate
authority or power to make important managerial decisions. He/She may or may
not be officially registered as a president or an executive director.
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Company Profile: |
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Nominal Capital |
USd. 300,000 |
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Paid in Capital |
LRD. 1,000,000 |
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Subscribed Capital |
LRD. 1,000,000 |
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Shareholders |
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Name |
Position |
Amount |
Ratio |
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Mr.
Arun Lal Malkani |
Director |
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Mr. Tarun Mirpuri |
Manager |
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Total |
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100.00% |
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Terms of payment |
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Buying terms |
30% in cash, 70% on credit |
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Selling terms |
50% in cash, 50% on credit |
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Recent Sales |
USD. 5,350,000 (2012 Estimated) |
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Exports |
None |
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Export Ratio |
0.0% |
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Import Ratio |
40.0% |
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Domestic Market Share |
20.0% |
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Business Premises |
60,000 Sft |
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Type of occupation
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Leased |
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Location |
The subject is located close to a major road network |
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Premises used as
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Offices |
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Affiliated Companies |
None |
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Business Activities |
Manufacture of soft drinks; production of mineral waters
and other bottled waters import and export of general goods |
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Suppliers |
Various Companies |
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Customers |
Local agencies, Wholesalers, Distributors etc |
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Banking relationship |
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Main Banks |
Eco Bank Liberia Limited Ashmun & Randll Streets, P O Box 4825, 1000 Monrovia 10, Liberia |
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Co Secretary |
YORK TRADING INC |
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Credit Check of Subject, President & CEO (as of report date) |
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Payment Morale: |
In the documents at our disposal nothing adverse has been shown so
far. |
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CREDIT RATING: |
Financial situation is average. |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.29 |
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UK Pound |
1 |
Rs.81.93 |
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Euro |
1 |
Rs.70.01 |
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 |
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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.