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Report No. : |
315234 |
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Report Date : |
06.04.2015 |
IDENTIFICATION DETAILS
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Name : |
THERMAL VALORISATION CO LTD |
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Registered Office : |
7th Floor Anglo Mauritius House, Adolphe De Plevitz Street, Port Louis |
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Country : |
Mauritius |
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Date of Incorporation : |
08.10.2014 |
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Com. Reg. No.: |
C125897 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
Subject operates as a
consultancy firm. |
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No. of Employees : |
10 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Business |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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. Mauritius has achieved steady and strong growth over the last several
decades, resulting 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 2010-13, and the country continues to expand its trade and
investment outreach around the globe.
|
Source
: CIA |
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Registered Name: |
THERMAL
VALORISATION CO LTD |
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Requested Name: |
THERMAL VALORISATION LIMITED |
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Other Names: |
None |
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Physical Address: |
7th
Floor Anglo Mauritius House, Adolphe De Plevitz Street, |
|
|
Port
Louis |
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Country: |
Mauritius |
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Phone: |
230-2123251 |
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Fax: |
230-2117093 |
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Email: |
info@omnicane.com |
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Website: |
www.omnicane.com |
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Legal Form: |
Limited Corporation |
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Date Incorporated: |
08-Oct-2014 |
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Reg. Number: |
C125897 |
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Nominal Capital |
MUR.
100,000 |
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Subscribed Capital |
MUR.
100,000 |
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Subscribed Capital is Subscribed in the following form: |
||
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Position |
Shares |
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Mr. Kishore Sunil Banymandhub |
Group
Chairman |
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Mr. Jacques M. d’Unienville |
Group
CEO |
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Mr. Nelson Mirthil |
Director |
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Mr. Raymond Marie |
Director |
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Mr. Georges Leung Shing |
Director |
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Mr. Didier Maigrot |
Director |
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Mr. Pierre M. d’Unienville |
Director |
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Mr. Thierry Merven |
Director |
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Mr. Bertrand Thevenau |
Director |
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Mr. Premsagar Bholah |
Director |
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Mr. Shailen Sreekeessoon |
Director |
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Omnicane Group |
Holding
Co. |
100% |
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Omnicane Group |
Subsidiary company. |
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Various in Group such as Omnicane Energy
Operations (La Baraque) Limited |
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
a consultancy firm |
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Imports: |
Asia |
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Exports: |
None |
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Trademarks: |
None |
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Terms of sale: |
Cash (40%) and 25-90 days (60%), invoices. |
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Main Customers: |
firms and organizations |
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Employees: |
10 employees. |
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Vehicles: |
Several motor vehicles. |
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Territory of sales: |
Mauritius |
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Location: |
Leased premises, 10,000 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: |
Mauritiusn Rupee (MUR.) |
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Approx. Ex. Rate: |
1 US Dollar = 36.32
Mauritiusn Rupee |
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Projected Fiscal Year
End: |
December 31, 2015 |
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Projected Inflation: |
According to information given by independent sources, the inflation
at December 31st, 2015 was of 13%. |
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Financial Information not
Submitted |
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Profit and Loss
(expressed in MUR.) |
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2015 |
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Projected Sales |
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20,000,000 |
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Bank Name: |
MCB
BANK |
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Branch: |
Mauritius |
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Comments: |
None |
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This information was
obtained from outside sources other than the subject company itself and
confirmed the above subject. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.59 |
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|
1 |
Rs.92.46 |
|
Euro |
1 |
Rs.67.51 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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Report Prepared
by : |
NIT |
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 |
-- |
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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.