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Report Date : |
06.05.2013 |
IDENTIFICATION DETAILS
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Name : |
BEYOND POWER LTD. |
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|
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Registered Office : |
4th
Floor, Ebene Skies, Rue de L'Institut, Ebene |
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|
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Country : |
Mauritius |
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Date of Incorporation : |
20.09.2011 |
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Com. Reg. No.: |
C105315 |
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|
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Legal Form : |
GLOBAL BUSINESS CATEGORY
2 |
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Line of Business : |
Operate as a consultancy
firm |
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|
|
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No. of Employees : |
3 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Mauritius |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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
this period, annual growth has been on the order of 5% to 6%. This 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 of the global financial crisis in 2008-09. GDP grew in the 3-4% per
year range in 2010-12, and the country continues to expand its trade and
investment outreach around the globe
|
Source
: CIA |
|
Registered Name: |
BEYOND POWER
LTD. |
|
Requested Name: |
BEYOND POWER LTD. |
|
Other Names: |
None |
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Physical Address: |
4th
Floor, Ebene Skies, Rue de L'Institut, Ebene |
|
Postal Address: |
4th
Floor, Ebene Skies, Rue de L'Institut |
|
|
Ebene, |
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Country: |
Mauritius |
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Phone: |
230-4048000 |
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Fax: |
230-4042188 |
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Email: |
|
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Website: |
|
Legal Form: |
GLOBAL BUSINESS CATEGORY
2 |
|
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Date Incorporated: |
20-Sept-2011 |
|
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Reg. Number: |
C105315 |
|
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Nominal Capital |
MUR.
100,000 |
|
|
Subscribed Capital |
MUR.
100,000 |
|
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Subscribed Capital is Subscribed in the following form: |
||
|
|
Position |
Shares |
|
Undisclosed |
Directors |
|
|
Mauritius International Trust Company Ltd |
Trustee |
|
|
_______________________________________________________________________ |
||
|
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 |
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Imports: |
None |
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Exports: |
None |
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Trademarks: |
None |
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Terms of sale: |
Cash (40%) and 30 days (60%), invoices. |
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|
|
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Main Customers: |
firms and organizations |
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Employees: |
3 employees. |
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Vehicles: |
Several motor vehicles. |
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Territory of sales: |
Mauritius |
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Location: |
Rented premises, 5.000 square feet, |
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|
|
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Auditors: |
Information not
available. |
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Insurance Brokers: |
Information not available. |
|
Currency Reported: |
Mauritius Rupee (MUR.) |
|
Approx. Ex. Rate: |
1 US Dollar = 31.06
Mauritius Rupee |
|
Fiscal Year End: |
December 31, 2012 |
|
Inflation: |
According to information given by independent sources, the inflation
at December 31st, 2012 was of 13%. |
|
|
|
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Financial Information not
Submitted |
MUR. |
|
|
Undisclosed |
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Bank Name: |
MCB
|
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Branch: |
Ebene,
Mauritius |
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Comments: |
None |
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Experiences: |
Good |
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|
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|
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NOTARIAL BONDS |
None |
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_______________________________________________________________________ |
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This information was
obtained from outside sources other than the subject company itself. This is a Global Business
Category 2 Company (GBL 2), It is a tax exempt company therefore has no access
the network of Double Taxation Agreements of Mauritius. It is furthermore
prevented from raising capital from the public and offer of provide financial
services or other services as fiduciary in any investment fund or any
collective investment scheme. Confidentiality is
strictly observed in terms of the 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. Due to the
confidentiality we could not ascertain the Directors of the company or the
Shareholding. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.95 |
|
|
1 |
Rs.83.80 |
|
Euro |
1 |
Rs.70.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.