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Report Date : |
04.10.2013 |
IDENTIFICATION DETAILS
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Name : |
ALPHAPET LTD |
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Registered Office : |
C/o AAA Global Services, #2-A8, Cybertower 1 Ebene, Republic
of Mauritius |
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Country : |
Mauritius |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
06.03.2007 |
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Com. Reg. No.: |
CO69399 |
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Legal Form : |
Global
Business Category 1 |
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Line of Business : |
Subject is engaged in providing consultancy firm. |
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No. of Employees : |
02 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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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 |
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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 |
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
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Registered Name: |
ALPHAPET LTD |
|
Requested Name: |
ALPHAPET LTD |
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Other Names: |
None |
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Physical Address: |
1st Floor, The Exchange, 18 Cybercity, Ebene |
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Registered
Address |
c/o AAA Global Services, #2-A8, Cybertower 1 Ebene, |
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Country: |
Republic of Mauritius |
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Phone: |
248-4543200 |
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Fax: |
248-4543202 |
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Email: |
headoffice@aaa.com.mu |
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Website: |
www.aaa.com.mu |
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Financial
Index as of December 2012 shows subject firm with a medium risk of credit. We
recommend secured credit. |
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Legal Form: |
GLOBAL BUSINESS CATEGORY 1 |
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Date Incorporated: |
6-March-2007 |
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Reg. Number: |
CO69399 |
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Nominal Capital |
MUR. 50,000 |
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Subscribed Capital |
MUR. 50,000 |
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Subscribed Capital is Subscribed in the following form: |
||
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Position |
Shares |
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Undisclosed |
Directors |
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AAA Global Services |
Agent/ Trustee |
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None |
Parent company. |
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None |
Subsidiary company. |
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None |
Affiliated company. |
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None |
Shareholder of subject firm. |
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None |
Branches
of the firm |
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Registered to operate as 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: |
Undisclosed |
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Main Customers: |
firms and organizations |
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Employees: |
2 employees. |
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Vehicles: |
Undisclosed |
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Territory of sales: |
Mauritius |
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Location: |
Rented premises, 5.000 square feet, |
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Auditors: |
Information not available. |
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Insurance Brokers: |
Information not available. |
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Currency Reported: |
Mauritius Rupee (MUR.) |
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Approx. Ex. Rate: |
1 US Dollar = 30.67 Mauritius Rupee |
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Fiscal Year End: |
December 31, 2012 |
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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 |
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Bank Name: |
MCB |
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Branch: |
Ebene |
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Comments: |
None |
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This
information was obtained from outside sources other than the subject company
itself. As
defined under the Financial Services Development Act 2001, a Global Business
Category 1 (GBL1) is a company engaged in qualified global business and which
is carried on from within Mauritius with persons all of whom are resident
outside Mauritius and where business is conducted in a currency other than
the Mauritian rupee. It is the
recommended structure for individuals, body corporate, trust or partnership
including limited liability partnership or a société for investment and other
high profile business. A GBL1 may be locally incorporated or may be
registered as a branch of a foreign company. Public companies, those engaged
in banking, insurance and fund management, and companies wishing to benefit
from the provisions of Double Taxation Agreements (DTAs), can only be incorporated
as GBL1 companies. Confidentiality
is strictly observed in terms of the Financial Services Development Act
2001(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. Upon application to the
FSC, full disclosure is required on the beneficial owners of the company.
However, such information is not available for public inspection. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.614.93 |
|
|
1 |
Rs.100.44 |
|
Euro |
1 |
Rs.84.24 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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 |
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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 |
|
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 |
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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 |
|
<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.