MIRA INFORM REPORT

 

 

Report Date :

25.08.2014

 

IDENTIFICATION DETAILS

 

Name :

ARMEMENT DES MASCAREIGNES SAS

 

 

Registered Office :

2 Rue de Djibouti,, Zone Industrielle 1 97420 Le Port

 

 

Country :

Reunion Island

 

 

Date of Incorporation :

01.01.1971

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

·         Wholesale of other food, including fish, crustaceans and molluscs

·         Wholesale of other intermediate products

 

 

No of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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 – June 01, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Reunion Island

B1

B2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 


REGISTERED NAME & COMPANY SUMMARY

 

ARMEMENT DES MASCAREIGNES SAS

 

ADDRESSES:

Main Address:               2 Rue de Djibouti,, Zone Industrielle 1

Zip code/City:                97420 Le Port, Reunion

Telephone:                    +262 42 03 04

                                    +262 42 00 73

Fax:                              +262 42 00 52

 

Postal address:             Bp 99

Zip code/City:                Le Port, Reunion

 

E-mail:                          armement.des.mascareignes@armas.fr

WIN Worldbox No.:        RE0000020182

 

 

Profile

Established:                  1971

Line of Business:           Consumer goods wholesale

Industry Division:            Wholesale trade

Industry-code (NACE):    4638 Wholesale of other food, including fish, crustaceans and molluscs

                                    4676 Wholesale of other intermediate products

Banks:                          unknown

Employees:                   unknown

 

CNPJ:                           -

 

 

DIRECTORS/MANAGEMENT

 

Official Administration:

President, Chairman, Director     Goulsambay  Ibrahim Goulamaly, Id: P081323630

Director Abdé-Ali Ibrahim Goulamaly, Id: P123070183

Director Oleinde, Id: P160783724

 

External Positions:

Auditor  Arci, Registered since: 29.06.2009

 

Management

The directors are also director of the parent company.

Mr. Abdé-Ali Ibrahim-Goulamaly is also:

* founder and CEO of Mauvilac, a chemicals company on Réunion

* founder of SRR, a holding company on Réunion

* founder and one of the shareholder of Pipangaï, Réunion.

* founder and CEO Surgelés des Mascareignes, Réunion.

* CEO of Oceinde, the holding company

* president of Kabardock

NEGATIVE INFORMATION

 

SHARE & SHARE CAPITAL INFORMATION

State Register:                                      31086595100019

Legal form:                                            Company limited by shares

Incorporation date:                                 01.01.1971

Balance sheet filing date:                        -

Tax Contributor Number (CNPJ):  -

Legal status:                                         active

Responsible Register:                            State Register of France - Saint-Denise-De-La-Reunion

 

Entry    Deleted            Name

active                            Armement des Mascareignes SAS

 

Entry    Deleted            Address

active                            2 Rue De Djibouti, Zone Industrielle 1, Bp 99, 97420 Le Port, Reunion/RE

 

Entry    Deleted            Capital

active                            Share Capital EUR 691,968, paidup EUR 691,968

 

 

PAYMENT INFORMATION

 

Import and Export:

Import, Export

 

Payment history:

No payment history is available.

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Owners/-s:

Class:               100%

Type:                direct

Name:               OLEINDE SA

City/Country:     Le Port, Reunion/RE

Interest:            100,00% voting right, 100,00% capital interest

 

The directors are reportedly also the shareholders of the parent company.

 

Related companies:

Armement des Mascareignes Distribution

Qwehli

Armas Peche

Les Abeilles La Reunion

 

 

FINANCIAL INFORMATION

 

Financial information:

No full financial information is available.

 

Turnover in Euros:

2009 - 16,000,000

2011 - 15,900,000

2012 - 3,604,000

More recent figures are not available.

 

 

FOREIGN EXCHANGE RATES

 

Exchange rate:

US$ 1,00  = EUR 0.746  - Official rate on 18.08.2014

 

 

ADDITIONAL INFORMATION

 

Main Activities:

The Company is engaged in the fishing industry specialised in fishing for toothfish and lobster in the Southern Ocean. A significant portion of the fleet is also located in the channel of Madagascar Mozambique.

 

 

Operations & branches:

At the address, 2 Rue De Djibouti, Zone Industrielle 1, Le Port, Reunion, we find the headquarter and registered address of the company with as postal address Bp 99, Le Port.

 

 

NOTES & COMMENTS

 

Credit to the recommended limit should be acceptable but should be monitored on a regular basis.

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.60.44

UK Pound

1

Rs.100.24

Euro

1

Rs.80.35

 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

SMN

 

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.