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Report Date : |
28.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
TANAPOIDSLOURDS |
|
|
|
|
Registered Office : |
40, Rue Naka Rabemanantsoa-Behorirka 101 Antanarrivo |
|
|
|
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Country : |
Madagascar |
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|
|
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Date of Incorporation : |
06.07.2006 |
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|
|
|
Legal Form : |
Sole trader |
|
|
|
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Line of Business : |
Wholesale trade of motor vehicle parts and accessories |
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|
|
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No. of Employees : |
35 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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) |
|
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
TanaPoidsLourds
ADDRESSES:
Main Address: 40, Rue Naka
Rabemanantsoa-Behorirka
Zip code/City: 101 Antanarrivo,
Madagascar
Telephone: +261 20 24 617
71
+261 32 43 099 65
E-mail: tanapoidslourds@live.fr
WIN Worldbox No.: MG0000020021
VAT-No.: 1000000627
Profile
Established: 2006
Line of Business: Vehicle trading and
repair
Industry Division: Wholesale trade
Industry-code (NACE): 4531 Wholesale trade of motor
vehicle parts and accessories
Banks: BOA,
Madagascar
Employees: 35
CNPJ: -
Official
Administration:
Owner SamdjeeMeralyHassanaly
Public
information:
-
State Register: 2006A00882
Legal form: Sole trader
Incorporation date: 06.07.2006
Balance sheet filing date: -
Tax Contributor Number
(CNPJ): -
Legal status: active
Responsible Register: Registre de Commerce de
Madagascar
Entry Deleted Name
active TanaPoidsLourds
Import
and Export:
Export
Payment
history:
No complaints on record.
FINANCIAL
INFORMATION
Financial
information:
Full accounts are no available. Turnover as per own
statement:
2010: USD 1.700.000,-
2011: USD 2.250.000,-
2012: USD 2.060.000,-
Exchange
rate:
US$ 1,00 = MGA
2.184,35 - Official rate on 24.05.2013
Main
Activities:
The business of TanaPoidsLourds is the Sale and export of
spare parts for trucks and trailers.
Subject matter is reportedly one of the largest distributors
on Madagascar for brands such as Mercedes, DAF and RVI (Renault). They also
represent Volvo and Iveco. The also
supply parts (Samko&Sampa) for trailers from Fruehauf, Trailor, BPW, ROR
and SMB.
N° Carte Statistique : 46101 11 1989 0 00366
Operations & branches:
At the address, 40 Rue Naka Rabemanantsoa-Behorirka,
Antanarrivo 101, we find the companies head office.
They have three branche offices in Antanarrivo - precise
addresses neither registered nor provided to us.
Staff:
35
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. After a few days, we have received some information directly
per e-mail from the company, including stated turnover and bankers details.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.62 |
|
|
1 |
Rs.84.18 |
|
Euro |
1 |
Rs.71.96 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.