MIRA INFORM REPORT
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Report Date : |
27.05.2013 |
IDENTIFICATION DETAILS
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Name : |
IAB MERCERIA MACAU |
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Registered Office : |
Edificio Va Pou 78-78a Rua De Tomas Vieira R/C |
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Country : |
Macau |
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Date of Incorporation : |
Not Available |
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Legal Form : |
Not Available |
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Line of Business : |
Trading Finished products. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Undetermined |
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Payment Behaviour : |
-- |
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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) |
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Macau |
A2 |
A2 |
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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 |
MACAU - ECONOMIC OVERVIEW
Since opening up its locally-controlled casino industry to
foreign competition in 2001, Macau has attracted tens of billions of dollars in
foreign investment, transforming the territory into one of the world's largest
gaming centers. Macau's gaming and tourism businesses were fueled by China's
decision to relax travel restrictions on Chinese citizens wishing to visit
Macau. By 2006, Macau's gaming revenue surpassed that of the Las Vegas strip,
and gaming-related taxes accounted for more than 70% of total government
revenue. Macau's economy slowed dramatically in 2009 as a result of the global
economic slowdown, but strong growth resumed in 2010-11, largely on the back of
tourism from mainland China and the gaming sectors. In 2012, this city of
582,000 hosted nearly 28 million visitors. Almost 60% came from mainland China.
Macau's traditional manufacturing industry has slowed greatly since the
termination of the Multi-Fiber Agreement in 2005. China is Macau's second
largest goods export market, behind Hong Kong, and followed by the United
States. In 2012, exports were less than US$1 billion, while gaming receipts
were US$38 billion, a 13.5% increase over 2011. Macau's economy expanded by 10%
in 2012; although impressive, it was a slower growth rate than in previous
years. Macau continues to face the challenges of managing its growing casino
industry, money-laundering, and the need to diversify the economy away from
heavy dependence on gaming revenues. Macau's currency, the pataca, is closely
tied to the Hong Kong dollar, which is also freely accepted in the territory.
|
Source
: CIA |
Company name and address
IAB MERCERIA
MACAU
EDIFICIO VA POU 78-78A RUA DE TOMAS VIEIRA R/C, MACAU
TEL: [+853]-28351904 FAX:
[+853]-28351904; [+853]-28456657
Alert report:
This refers to a type of report whose format is different from that of a
standard report. Such type of report is provided when:
Information obtained is insufficient for compiling a standard report.
The enquired co has been out of business or its business address has
been untraceable.
It should be noted that the time and manpower spent on preparing such
type of report might be greater than those on a standard report. On many
occasions, the information in this type of report still indicates the current
status of the enquired co. and serves as a useful reference to assess its
credit standing.
Company Details
Name in Local Language:
Tel: [+853]-28351904 (Status: Telephone number working and answering
party confirmed company details and accurately answered all questions raised by
the investigator)
Primary Business Activity: Trader
Primary Industry: Consumer Products
Key Facts
License Number : Unknown
Legal Form : N/A
License Status : No
license exists.
Operational Status of Business: Office exists but not operating under a
license issued to the Subject
Business Entity
SC is not known to have website of its own at present.
E-mail: iab_ali@yahoo.com
For the past two years there is no record of litigation.
N/A
CORE BUSINESS DESCRIPTION
-Core Business
The primary business focus of IAB MERCERIA MACAU is Trading - Finished
products.
Key products
include:
Consumer products
-Supplementary Business
In addition to the core business, IAB MERCERIA MACAU also is engaged in
the following areas of business:
Service
Specialized professional services, including:
Grocery stores
Primary Products
Products / Materials / Services Description Activity
Consumer products Trading
SIC PRODUCT CLASSIFICATION & ACTIVITY
Product/Service Description Code
Activity
Groceries, General Line 5141
Trading
Groceries/Related Prdts, NEC 5149 Trading
Grocery Stores 5411
Service
Manufactured articles, nspf 3999
Trading
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Product/Service Description Code
Activity
Assembly and distribution services of gen commodities 9958
Service
Miscellaneous manufactured articles 9600 Trading
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Products / Materials / Services Description Ranking Activity
Grocery stores Secondary Service
SC is not known to have any subsidiaries at present.
Due to the nature of this entity, there are no financials
available.
SC’s office exists but not operating
under a license issued to the subject business entity. J
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.61 |
|
|
1 |
Rs.83.98 |
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Euro |
1 |
Rs.71.94 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
---- |
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.