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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

512379

Report Date :

01.06.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

ETS RATI LAL M MEHTA

 

 

Registered Office :

Quartier Asialidue Avenue De Limbo Quartier Asialidue,, P. O. Box 276, Bujumbura

 

 

Country :

Burundi

 

 

Financials (as on) :

2017 [Summarized]

 

 

Date of Incorporation :

17.07.2008

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Registered to Operate Import and Distribution of Various Products.

 

 

No. of Employees :

15

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

B

 

Credit Rating

 

Explanation

Rating Comments

B

Medium Risk

Business dealings permissible on a regular monitoring basis

 

Status :

Moderate

 

 

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.

 

 

 

 

Company Name

 

 

Registered Name:

ETS RATI LAL M MEHTA

Requested Name:

ETS RATI LAL M MEHTA

Other Names:

None

 

 

ADDRESS AND TELECOMMUNICATION

 

Physical Address:

Quartier Asialidue Avenue De Limbo Quartier Asialidue,

Postal Address:

P. O. Box 276

 

Bujumbura

Country:

Burundi

Phone:

257-245897

Fax:

257-245897

Email:

None

Website:

None

 

 

CREDIT OPINION

 

 

Financial Index as of December 2017 shows subject firm with a medium risk of credit.

 

 

LEGAL

 

 

Legal Form:

Sole Proprietorship

Date Incorporated:

17-July-2008

Nominal Capital

BIF. 1,000,000

Subscribed Capital

BIF. 1,000,000

Subscribed Capital is Subscribed in the following form:

 

Position

Shares

M. Ratilal

MD

100%

Mehta Nemish

Manager

 

 

 

RELATED COMPANIES

 

None

Parent company.

None

Subsidiary company.

None

Affiliated company.

M. Ratilal

Shareholder of subject firm.

None

Branches of the firm

 

 

OPERATIONS

 

Registered to operate import and distribution of various products.

Imports:

Tanzania

Exports:

None

Trademarks:

None

Terms of sale:

Cash (40%) and 25-90 days (60%), invoices.

 

 

Main Customers:

Local agencies, stores, outlets etc  

Employees:

15 employees.

Vehicles:

Several motor vehicles.

Territory of sales:

Burundi

Location:

Rented premises, 8,000 square feet,

 

 

AUDITORS AND INSURANCE

 

Auditors:

Information not available.

Insurance Brokers:

Information not available.

 

 

FINANCE

 

 

Currency Reported:

Burundian Franc (BIF.)

Fiscal Year End:

December 31, 2017

Inflation:

According to information given by independent sources, the inflation at December 31st, 2017 was of 13%.

 

Financial Information not Submitted

 

 

 

Profit and Loss (expressed in BIF.)

 

 

2017

Sales

 

2,250,000,000

 

 

BANK

 

 

Bank Name:

Banque Commerciale du Burundi

Branch:

Burundi

Comments:

None

 

 

COMMENTS / ADDITIONAL INFORMATION

 

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

INR 67.45

UK Pound

1

INR 89.79

Euro

1

INR 78.79

BIF

1

INR 0.038

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

PRI

 

 

Report Prepared by :

TPT

 

 

RATING EXPLANATIONS

 

Credit Rating

 

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

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

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

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.