MIRA
INFORM REPORT
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Report Date : |
27.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
CORPORACION COSTARRICENSE RED ROSE S.A. |
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Registered Office : |
De Los Tribunales de
Justicia de Alajuela, 75 metros Oeste, Oficentro Rosa, Alajuela |
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Country : |
Costa Rica |
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Date of Incorporation : |
23.03.2004 |
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Legal Form : |
Joint-Stock Company |
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Line of Business : |
Exporting TECA wood. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION
CORRECT COMPANY NAME : CORPORACION COSTARRICENSE
RED ROSE S.A.
TRADE NAME : "CORPORACION COSTARRICENSE RED ROSE S.A."
TAXPAYER REGISTRATION : CJ 3101366654
OPERATING STATUS :
Active
MAIN ADDRESS : De Los Tribunales de Justicia de Alajuela, 75 metros
Oeste, Oficentro Rosa
CITY/PROVINCE/STATE : Alajuela
COUNTRY :
COSTA RICA
TELEPHONE :
(506)442.2433/864.2283
FAX :
(506)442.2433
E - MAIL :
luigicostarica@yahoo.com
COMMENTS -
Mailing Address: Apartado
Postal: 509-4050, Alajuela.
SUMMARY
Incorporation : 2004
Operating Status :
Active
Last Capital : C/.10,000.= Colones.
Finantial Situation : UNDETERMINED
Employees : 35
Rating
: Company Refused Information
Payments : No further credit experience available
QUALIFICATION
RATING : Company Refused Information
PAYMENTS : No further credit experience available
LEGAL BACKGROUNDS
LEGAL STATUS :
Joint-Stock Company
DATE OF INCORPORATION : 23MAR2004
REGISTERED IN : Alajuela
DURATION
: 100 years
REGISTRATION : Volume 532, Entry 14026
INITIAL CAPITAL : C/.10,000.= Colones
CURRENT PAID-IN CAPITAL : C/.10,000.= Colones
LAST CAPITAL INCREASE : No specified
TYPE OF SHARES : Nominal
LISTED AT STOCK EXCHANGE: No
CURRENT EXCHANGE RATE : C/.498.08 per USD1
COMMENTS -
Board of Directors
appointed on March 23, 2004 for a period of 10 years.
Shareholders structure
was not specified.
DIRECTORS / EXECUTIVES / SHAREHOLDERS
FULL NAMES / COMPANY NAME TITLE
ROJAS LOPEZ, JOSE
LUIS President/Leg.Represent.
ROJAS LOPEZ, MARIA
CARLINA Secretary
ROJAS ALVAREZ, JOSE
LUIS Treasurer
WHO IS WHO ?
ROJAS LOPEZ, JOSE LUIS
NATIONALITY : Costa Rican
BORN : 1977
DOC.
OF IDENT. : CI 2-0517-0994
ROJAS LOPEZ, MARIA CARLINA
NATIONALITY : Costa Rican
DOC.
OF IDENT. : CI 2-0423-0576
ROJAS ALVAREZ, JOSE LUIS
NATIONALITY : Costa Rican
DOC.
OF IDENT. : CI 9-0025-0122
BUSINESS
MAIN ACTIVITY .-
Subject is dedicated to
exporting TECA wood.
Trademark: RED ROSE
EXPORT : Yes
SELLING TERRITORY : International market
EMPLOYEES
: 35
FACILITIES -
Premises :
Rented
Area :
200 m2
Condition :
Excellent, located in a commercial area
Use
: Headquarters and offices
Remarks
and other Premises -
Subject operates farms
and processing plant. No more details were available.
COMMENTS -
Business Hours: Monday
through Friday from 8 am to 5 pm.
Main Competitors:
- PRECIOUS WOODS DE COSTA
RICA S.A.
FINANCIAL INFORMATION
José Luis Rojas López,
General Manager, agreed to evaluate our request form. Nevertheless, despite days have passed and our insistence, he has
not replied.
For this reason, this
report has been prepared based on the information collected from external
sources and official where no financial statements and/or trade references were
available to assess Subject operations.
FINANCIAL SITUATION : UNDETERMINED
Financial standing is
deemed to be indeterminate as no accounting elements were found to assess
Subject results.
The lack of trade
references prevents from determining and assessing its liquidity.
Most of the times,
refusal to give such information deliberately hides financial maladjustments but
this opinion is not definite.
PROPERTIES OF THE COMPANY -
According to our
inquiries, Subject has not real properties or vehicles in its name.
INSURANCE -
There was not information
available on this matter.
PAYMENTS RECORD
TRADE REFERENCES –
COMMENTS
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No trade credit
experience has been traced locally.
CREDIT HISTORY -
No information was
obtained concerning its usual suppliers, hence its payment record could no be
determined.
LAWSUITS ? -
No civil or criminal
proceedings have been brought against this Company.
BANKING INFORMATION
BANKERS
Bank
Banco HSBC Costa
Rica
Subject is a client of
the above bank. Further details were not available under internal policies.
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)