|
Report Date : |
29.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
LINGE INVEST |
|
|
|
|
Registered Office : |
12 Rue des
Acacias, Boulevard Yacoub El Mansour, Maarif, Casablanca 20100, |
|
|
|
|
Country : |
Morocco |
|
|
|
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Date of Incorporation : |
19.12.2011 |
|
|
|
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Com. Reg. No.: |
249941 |
|
|
|
|
Legal Form : |
Societe A Responsibilite Limitee |
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|
|
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Line of Business : |
Wholesaler of textiles |
|
|
|
|
No. of Employees : |
Not available |
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 : |
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 |
LINGE INVEST
UNDETERMINED
This rating is based on available data. In the event of additional information a possibility for a different rating applies.
Registration
Number: 249941
Registration Date: 19/12/2011
Legal Form: SOCIETE A
RESPONSIBILITE LIMITEE
Latest Financials: N/A
Nominal Capital: 100,000 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.
Company Name: LINGE
INVEST
Headquarter Address: 12 Rue des
Acacias, Boulevard Yacoub El Mansour,
Maarif,
Casablanca
20100,
Morocco
Company was originally started on 19/12/2011
Current Legal
Form: SOCIETE
A RESPONSIBILITE LIMITEE
Registration
Address: 12
Rue des Acacias, Boulevard Yacoub El Mansour,
Casablanca
Registration
Number: 249941
Registration Date: 19/12/2011
Year/Date Company
Established: 19/12/2011
Registration Town: Casablanca
Currency: Moroccan
Dirham
Authorized
Capital: 100,000
Paid Up Capital: 100,000
Information on Shareholders is not available/applicable
Name: Ms
Lea Attias Azran
Position within
the company: Manager
Date of Birth: 21/10/1968
Nationality: Moroccan
Name: Ms
Valerie Ruimy Ounouna
Position within
the company: Manager
Date of Birth: 13/10/1974
Nationality: Moroccan
NACE Codes: 4641 Wholesale
of textiles
HQ Premises Operates from: Office
Location: Central
Business Area
Subsidiaries
Affiliates
Information on
Related Companies is not available/applicable
Bankers
Information on Bankers is not available/applicable
Subject's payments reported to be: UNDETERMINED
Comment: Latest
Financial Statements are not currently available.
We
have been unable to contact a company official.
Reporter Comment: There is no
telephone or fax number supplied within the original query.
Local telephone directory was checked and it was proved that the subject
was not registered.
So
we are unable to approach the said company you are investigating.
The
above mentioned information was obtained from the Casablanca Commercial Court.
The
subject company is registred as " LINGE INVEST " not as mentioned in
the enquiry.
Local Reputation: Local informants have not adequate information to assess the Subject's local
reputation.
General Conclusion: Informants suggest that suppliers monitor this account.
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.54.39 |
|
UK Pound |
1 |
Rs.82.32 |
|
Euro |
1 |
Rs.69.54 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.