MIRA INFORM REPORT
|
Report No. : |
323260 |
|
Report Date : |
08.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
MEDITERRANEAN CHEMICAL AND SUPPLIES LIMITED |
|
|
|
|
Registered Office : |
19A Town Range, PO Box 872, GX11 1AA |
|
|
|
|
Country : |
Gibraltar |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
01.11.1989 |
|
|
|
|
Com. Reg. No.: |
34708 |
|
|
|
|
Legal Form : |
Private Company Limited By Shares |
|
|
|
|
Line of Business : |
Trader of general goods. |
|
|
|
|
No. of Employees : |
400 (Group) |
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 : |
Slow but correct |
|
|
|
|
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) |
|
Gibraltar |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
GIBRALTAR - ECONOMIC
OVERVIEW
Self-sufficient Gibraltar benefits from an extensive shipping trade, offshore banking, and its position as an international conference center. Tax rates are low to attract foreign investment. The British military presence has been sharply reduced and now contributes about 7% to the local economy, compared with 60% in 1984. The financial sector, tourism (over 11 million visitors in 2012), gaming revenues, shipping services fees, and duties on consumer goods also generate revenue. The financial sector, tourism, and the shipping sector contribute 30%, 30%, and 25%, respectively, of GDP. Telecommunications, e-commerce, and e-gaming account for the remaining 15%. In recent years, Gibraltar has seen major structural change from a public to a private sector economy, but changes in government spending still have a major impact on the level of employment.
|
Source
: CIA |
REGISTERED
NAME & COMPANY SUMMARY
|
Subject name: |
|||
|
Address: |
Postal address: |
||
|
Town: |
Town: |
||
|
Zip/postal code: |
Zip/postal code: |
||
|
Country: |
|||
|
Telephone: |
|||
|
Email: |
|||
|
Website: |
|||
EXECUTIVE
SUMMARY
|
Date registered: |
|
|
Legal form: |
|
|
Shareholders'
equity: |
|
|
Main activities: |
|
|
Employees: |
REGISTRY
DATA
|
Key Facts |
|
|
Date registered: |
|
|
Legal form: |
|
|
Registration no: |
|
|
Registry auth.: |
|
|
Other reg.: |
|
|
Registry status: |
|
Analysis |
|
Organisational structure is consistent |
|
Management is reasonably experienced |
|
No detrimental found |
|
Financial performance is fair |
|
Operational trend is steady |
|
No payment delays noted |
DIRECTORS/MANAGEMENT
|
MANAGEMENT |
|
|
|
|
|
BOARD OF
DIRECTORS / OTHER APPOINTMENTS |
|
|
|
|
|
El
Marghany Heliopolis,
Cairo Egypt |
|
|
Name: |
STEADFAST
CORPORATE SERVICES LIMITED |
|
Board
function: |
Company
Secretary |
|
Date
appointed: |
19-01-2000 |
|
Address: |
19A
Town Range PO
Box 872 Gibraltar Gibraltar |
NEGATIVE
INFORMATION
|
LEGAL FILINGS |
|
|
Bankruptcy filings: |
|
|
Court judgements: |
|
|
Tax liens: |
|
|
Other: |
|
SHARE
& SHARE CAPITAL INFORMATION
|
Composition |
|
|
Authorised: |
|
|
Number/type: |
|
|
Share
value: |
|
|
Issued: |
|
|
Paid-up: |
|
|
|
|
|
PO Box 872 Gibraltar Gibraltar |
|
|
Name: |
FG MANAGEMENT LIMITED |
|
No. of shares: |
1 ordinary share |
|
% of shares: |
1% |
|
Address: |
19A Town Range PO Box 872 Gibraltar Gibraltar |
PAYMENT
INFORMATION
GROUP
STRUCTURE & AFFILIATED COMPANIES
FINANCIAL
INFORMATION
|
FINANCIAL ACCOUNTS |
||
|
|
||
|
Required to file: |
||
|
Source: |
||
|
Presentation: |
||
|
Date of accounts: |
||
|
Type of accounts: |
||
|
Currency: |
||
|
Exchange rate: |
||
|
|
|
|
|
Summarised |
|
|
|
|
||
|
|
|
|
FOREIGN
EXCHANGE RATES
|
Exchange rate: |
USD 1 = GBP 0.66 as of 01-06-2015 |
ADDITIONAL
INFORMATION
|
Staff |
|
|
No of employees |
|
|
The
Subject operates care of a corporate services company situated at the heading
address. |
|
|
11 Hassan Allam Street Off El Merghany Street Heliopolis Egypt |
|
NOTES
& COMMENTS
|
INVESTIGATIVE NOTES |
|
|
Sources: |
Interviews and material provided by the Subject Other official
and local business sources |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.90 |
|
|
1 |
Rs.97.97 |
|
Euro |
1 |
Rs.71.82 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
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.