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MIRA INFORM REPORT
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Report No. : |
501444 |
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Report Date : |
11.04.2018 |
IDENTIFICATION DETAILS
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Name : |
SOQOIWASA MARKETING COMPANY LTD |
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Registered Office : |
Govt Shop 5 Sabutu Lane Valelevupo Nasinu Suva City |
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Country : |
Fiji |
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Date of Incorporation : |
1995 |
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Com. Reg. No.: |
17974 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacture of Footwear |
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No. of Employees : |
60 [2018] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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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.
Company
Summary
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Business Name |
SOQOIWASA MARKETING COMPANY LTD |
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Country |
FIJI |
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Company Registration Number |
17974 |
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Main Activity Code |
1520 |
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Main Activity Description |
Manufacture of footwear |
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Company Status |
Active (Active) |
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Latest Turnover Figure |
- |
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Latest Shareholder Equity Figure |
- |
Basic
Information
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Business Name |
SOQOIWASA MARKETING COMPANY LTD |
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Registered Company Name |
SOQOIWASA MARKETING COMPANY LTD |
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Company Registration Number |
17974 |
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Country |
FIJI |
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VAT Registration Number |
501650401 |
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Date of Company Registration |
1995 |
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Legal Form |
Limited Company |
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Type of Ownership |
Private |
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Company Status |
Active (Active) |
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Principal Activity Code |
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Principal Activity Description |
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Contact Telephone Number |
+679 339 4119 |
Main
Address
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Address |
Country |
Telephone |
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Govt Shop 5 Sabutu Lane Valelevupo Nasinu Suva
City |
FIJI |
+679 339 4119 |
Other
Address
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No other addresses for this company. |
Previous
Address
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No previous addresses for this company. |
Activities
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Activity Code Activity Description |
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1520 Manufacture of footwear |
Email
Addresses
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Web
Pages
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No web pages for this company. |
Employee
Information
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Date Reported Number of Employees |
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2018 60 |
Banker
Information
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Banker Name Banker Address Phone Number |
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ANZ Bank Fiji |
Advisors
Information
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No advisor information for this company. |
Miscellaneous
Information
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Fax Number |
+679 339 2738 |
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Export Countries |
The company exports to New Zealand |
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Import Countries |
The company imports from India |
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Additional Business Information |
Company created established in 1995 in Fiji |
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Additional Rating Information |
Local credit bureau gave a Correct credit rate. |
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Additional Payment Information |
Regular |
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Additional Financial Information |
As a private company the subject does not publish
any financial statements. Contact: Administrative Assistant, she declined to
provide financial information as considered confidential. Comments on the
financial data: As of today, no updated financial data are available for this
company for the year 2016 or 2017. |
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Number of Employees at Address |
60 |
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Number of Employees at Group |
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Number of Employees at Factory |
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Additional
Miscellaneous Information
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Comments on the rating |
A Credit line maybe considered |
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Legal Address |
Govt Shop 5 Sabutu Lane Valelevupo, Nasinu, Suva
City, FJ. |
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Date Created |
1995. The supplier could get only information on year,
not month and day at this time. |
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Date Incorporated |
1995. The supplier could get only information on
year, not month and day at this time. |
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Banks Comments |
Information was not verified by the company |
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Principal Activity |
Footwear manufacturer |
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Products/Services description |
Leather Sandals for Men, Women and Children. |
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Sales are |
Wholesale |
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Brands |
Lako Tu |
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Operations area |
National, International, Local. |
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Clients |
Transaction style: Business-to-business (B2B) |
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Suppliers |
Supplier's Name: Universal Moulders And Engineers,
Country: India. |
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Staff Comments |
Comments on staff: Information was not verified by
the company |
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Location Comments |
Headquarters: Govt Shop 5 Sabutu Lane Valelevupo,
Nasinu, Suva, Fiji, Comments on location: Divided in administrative offices,
production area and warehouse. Number of branches: 4, Comments: - Suva,
Rodwell Road, Suva, Flea Market, Lautoka, Nausori. |
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Listed at the stock exchange |
NO. |
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Related Companies |
No related companies |
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Summary |
Size: Medium - 50 to 499 people, Experience: Good
(>10 years), Group: None, Trade references: N.A. Payments: Regular,
Profitability: N.A. Indebtedness: Controlled, Cash: Normal, Legal Filings:
NO, General Overview: Good, The company engages as a footwear manufacturer.
ositive Points: Good experience in the market, No legal filings against the
company, It has import and export operations, he company has four more branches
to cover more market, Negative Points: Trade references not provided,
Financial information not disclosed by the company, Considering the
information gathered we recommend a credit line for the amount of USD 80,000 |
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Comments/Data confirmed |
Position: Administrative Assistant, She provided
the name of the company, address, activity and name of the director. She
declined to provide more information as considered confidential. We asked for
Ms. Salote Soqoiwasa but she was not available. |
Financial
Information
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No financial information for this company. |
Current
Directors
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Name |
Gender |
Position |
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Salote Soqoiwasa |
Female |
Director |
Previous
Directors
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No previous directors for this company. |
Share
Capital Structure
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Nominal Share Capital |
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Issued Share Capital |
Shareholders
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Shareholder |
Address |
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Salote Soqoiwasa |
Fuji |
Group
Structure
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No group structure information for this company |
Negative
Information
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OFAC LIST: NO, Bankruptcy: NO, Lawsuit(s): NO, The Specially Designated Nationals (SDN) List, also known as OFAC LIST, is a publication of OFAC which lists
individuals and organizations with whom United States citizens and permanent
residents are prohibited from doing business. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.94 |
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1 |
INR 91.75 |
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Euro |
1 |
INR 79.90 |
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FJD |
1 |
INR 32.14 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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PRI |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
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Company
background and operations size
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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Industry
scenario / competitor analysis
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Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.