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Report Date : |
05.10.2013 |
IDENTIFICATION DETAILS
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Name : |
TANA POIDS LOURDS |
|
|
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Registered Office : |
40, Rue Naka Rabemanantsoa-Behorirka, Zip code/City 101 Antanarrivo, |
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Country : |
Madagascar |
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Date of Incorporation : |
06.07.2006 |
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Legal Form : |
Sole proprietorship/trader |
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Line of Business : |
Sale and exporter
of spare parts for trucks and trailers. |
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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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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) |
|
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
Tana Poids Lourds
Company 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:
No
legal actions on record.
State
Register: 2006A00882
Legal
form: Sole
proprietorship/trader
Incorporation
date: 06.07.2006
Balance
sheet filing date: -
Tax
Contributor Number (CNPJ): -
Legal status: active
ResponsibleRegister: Registre
du Commerce d'Antananarivo
Entry Deleted Name
active TanaPoidsLourds
Import
and Export:
Export
Payment
history:
No
complaints on record.
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 2,26 - Official rate on 04.10.2013
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
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.61.41 |
|
UK Pound |
1 |
Rs.99.29 |
|
Euro |
1 |
Rs.83.68 |
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.