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Report No. : |
314392 |
|
Report Date : |
28.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
ABERTAX TECHNOLOGIES LIMITED |
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|
|
|
Registered Office : |
Kw17a, Corradino Industrial Estate, Postal Code: 170224, Paola |
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|
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Country : |
Malta |
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Financials (as on) : |
December 2013 |
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Date of Incorporation : |
30.05.2003 |
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Com. Reg. No.: |
C 31516 |
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|
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|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business : |
Manufacturers of battery
accessories - The Company trades outside Malta and provides professional
services in the area of battery electronic sensor systems |
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|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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) |
|
Malta |
B2 |
B2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
MALTA - ECONOMIC OVERVIEW
Malta - the smallest economy
in the euro zone - produces only about 20% of its food needs, has limited fresh
water supplies, and has few domestic energy sources. Malta's geographic
position between Europe and North Africa makes it a target for irregular
migration, which has strained Malta's political and economic resources. Malta's
fertility rate is below the EU average, and population growth in recent years
has largely been from immigration, putting increasing pressure on the pension
system. Malta adopted the euro on 1 January 2008. Malta's economy is dependent
on foreign trade, manufacturing, and tourism, and was hurt by the global
economic downturn, but fared better than most other EU member states. Malta has
low unemployment relative to other European countries, and growth has recovered
since the 2009 recession. Malta's financial services industry has grown in recent
years and it has avoided contagion from the European financial crisis, largely
because its debt is mostly held domestically and its banks have low exposure to
the sovereign debt of peripheral European countries. The EU reopened an
excessive deficit procedure against Malta in June 2013, having found that its
forecasted deficit for the year was likely to exceed 3% of GDP.
|
Source
: CIA |
Basic
Information
|
|
|
Registered Name |
ABERTAX TECHNOLOGIES LIMITED |
|
Trade Name |
ABERTAX TECHNOLOGIES LIMITED |
|
Registered Address |
Kw17a, Corradino Industrial
Estate, Postal Code: 170224, Paola, -, Malta |
|
Telephone |
0035623678110, 0035623678100 |
|
Fax |
0035621808625 |
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E-mail |
info@abertax.com |
|
Status |
Registered and operational |
|
Legal Type |
Private Limited Liability
Company |
|
VAT Number |
MT16859222 |
|
Registration No |
C 31516 |
|
Registration Date |
30/05/2003 |
|
Start Date |
30/05/2003 |
|
Years of Operation |
12 |
|
Last annual report |
30/05/2014 |
|
Last return |
24/03/2015 |
|
CINFO ID |
25809030 |
Auditors
Aidan Lungaro-Mifsud - CMS
House, 3rd Floor, St. Peter's Street, San Gwann SGN 2310, Malta
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Assessment: |
Average Risk |
|
Capital
|
|||
|
Authorized Capital |
|
500,000.00 EUR Nominal No Of Shares |
500,000 |
|
Issued No Of Shares |
500,000 |
Nominal value |
1.00 EUR |
|
Paid Up |
|
500,000.00 EUR Issued capital |
500,000.00 EUR |
|
Shares Breakdown |
Value |
Issued |
Class |
Type |
|
500,000 |
1.00 EUR |
- |
- |
Ordinary |
Corporate Structure
|
||||||||
|
Directors |
Position |
ID |
Nationality |
Occupation |
Age |
Appointed |
Other dir. |
|
|
SCICLUNA,
MARK |
Director |
305172M |
Malta |
|
- |
43 |
- |
No |
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86,
TRIQ LELI CAMILLERI, Building name: AZALEA, ZURRIEQ, Malta |
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|
|
|
|
|
||
|
Secretary |
Position |
ID |
Nationality |
Occupation |
Age |
Appointed |
Other dir. |
|
|
LEGAULT,
SUZANNE |
Company Secretary |
400771 M |
Malta |
- |
44 |
- |
No |
|
|
Secretary |
Position |
ID |
Nationality |
Occupation |
Age Appointed |
Other dir. |
|
60, TRIQ IL-MARKIZ J SCICLUNA,
SWIEQI, Malta |
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|
|
|
|
|
|
Shareholders |
ID/Reg. No. |
Nationality |
Shares |
% |
|
TRUE QUALITY HOLDING LIMITED |
C 31515 |
Malta |
499999 |
100 |
|
KW17A, CORRADINO INDUSTRIAL
ESTATE, PAOLA, -, Malta |
|
|
|
|
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SUMMA FIDUCIARY SERVICES
LIMITED |
C 30805 |
Malta |
1 |
|
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ST. PETERS STREET, Building name:
CMS HOUSE, Floor: 3, SAN GWANN, -, Malta |
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|
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Operation
|
|
|
Activity Code |
Description |
|
367 |
Electronic components and
accessories |
Manufacturers of battery accessories
- The Company trades outside Malta and provides professional services in the
area of battery electronic sensor systems
|
Export To |
Payment Terms |
Percentage |
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|
No information available |
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|
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Import from |
Payment Terms |
Percentage |
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|
No information available |
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Premises |
Date Updated |
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|
No information available |
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Affiliates and Subsidiaries |
Country |
Relation |
Date Reg. |
|
ABERTAX PRECISION LTD |
Malta |
Associated Company |
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|
ABERTAX RESEARCH &
DEVELOPMENT LIMITED |
Malta |
Associated Company |
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ABERTAX QUALITY LIMITED |
Malta |
Associated Company |
|
|
ABERTAX KEMTRONICS LTD |
Malta |
Associated Company |
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|
FIELD NAME |
December 2013 (Units) |
December 2012 (Units) |
|
Receivables |
477,422 |
589,982 |
|
Cash at bank and in hand |
504,361 |
301,402 |
|
Total current Assets |
981,783 |
891,384 |
|
Total Assets |
981,783 |
891,384 |
Equity
|
Share capital |
1,165 |
1,165 |
|
Retained Earnings |
138,871 |
166,433 |
|
Total Equity |
140,036 |
167,598 |
|
Trade and other payables |
691,067 |
431,493 |
|
Current tax liabilities |
150,680 |
292,293 |
|
Total current liabilities |
841,747 |
723,786 |
|
Total Liabilities |
841,747 |
723,786 |
|
Total Equity and liabilities |
981,783 |
891,384 |
CONCLUSION
Information in this report was obtained from local official sources.
A questionnaire was sent - no reply received
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.61 |
|
|
1 |
Rs.92.95 |
|
Euro |
1 |
Rs.68.15 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
TPT |
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
SCs 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.