MIRA
INFORM REPORT
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Report Date : |
28.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
LOIDER INC |
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Registered Office : |
Unit 285 Valero Plaza Bldg Valero St |
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Country : |
Philippines |
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Date of Incorporation : |
February, 2007 |
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Legal Form : |
Private |
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Line of Business : |
-- |
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/normal. |
Small |
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Status : |
Fair |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name
LOIDER INC
Company Details
GIIS Company Code : Phi00000010
Country : Philippines
Address : Unit 285 Valero Plaza Bldg Valero St
Cell : 92064634270
Industry : N/A
Key Facts
Established Year : 2007
License number/s : Pending for SEC Registration Number
Formation : Private
Employees : N/A
Capital : Local Currency 125,000
CREDIT ASSESSMENT
FACTORS
Credit risk assessment is gauged on 12 key business factors. Each factor is
assigned a rating and the total is aggregated and weighed in consideration of
any other influencing factors relevant to the final assessment.
These factors include :
Financial Status Profitability Industry
sector & trends
Principals Litigation Liabilities
Management Scale
of operations Years
in business & co history
Assets(real estate etc.) Trade
references & reputation Family
involvement & support
Adverse Data
Results : Total of 0 record found.
Recommended Credit Limit - Trade Finance
Amount : N/A
Period : N/A
Management & Products
Management Mr Daisy Jean SJ
Apillanes, CEO
Sex M
Nationality Philippines
Management Mr Dorairajan
Ganesan, Director
Sex M
Nationality India
Management Mr Sivarama
Krishnan Hariharan Venkatraman, Director
Sex M
Nationality India
Management Mr Lanie S
Monteras, Director
Sex M
Nationality Philippines
Management Mr Herminia D
Abiera, President
Sex M
Nationality Philippines
Fresh check Report
Details Company
Details
GIIS Company Code :
Phi00000010
Country : Philippines
Company Name : LOIDER
INC
Company Address : Unit 285
Valero Plaza Bldg Valero St
Company City :
Makati
Company Cell :
92064634270
Industry :
N/A
Established Year : 2007
OWNERSHIP
Chairman : Mr
Herminia D Abiera
Nationality :
Philippines
Capital :
Local Currency 125,000
Employees : N/A
Company Formation : Private
REGISTRATION &
LEGAL STATUS
*Credit Assessment*
===================
The company is considered a newly established company and small sized in its line
locally. The company's operational history and trade performance is uncertain
since it is only one month. Reserve need to be exercised for coming into any
amount of credit dealings.
*Capital Details*
=================
Share value : Php 100.00/-each
Authorized capital : Php 500,000 divided into 5,000
ordinary shares
Issued capital : Php 125,000
Paid-up capital : Php 31,250
*Lodgment of Annual Returns*
============================
Year ending : 2007
Last filing date : 5 February, 2007
*Company Registration*
======================
License number : Pending for SEC Registration Number
Date issued : 5 February, 2007
Date expiry : 4 February, 2057
Legal form : Domestic stock
Issuing authority : Securities and Exchange Commission
FINANCIAL RELATED
DESCRIPTION
*Financials*
============
The company was only incorporated in February 2007; therefore, it exists no
disclosed financials.
Since the company's operation is less than a year, GIIS suggests caution
is exhibited by third parties offering credit or trade financing for this
company.
As per current company search, total amount of indebtedness of the
company in respect of all mortgages and charges which are required to be registered
with Companies Registry as at 27 March 2007 was Nil.
BASED ON THE INVESTIGATIONS PERFORMED, IT HAS NOT BEEN POSSIBLE TO
PREPARE A NORMAL CREDIT REPORT ON THE COMPANY. GIVEN THE CIRCUMSTANCES. CAUTION IS ADVISED RELATED TO DEALINGS
WITH PERSONS CLAIMING TO REPRESENT SUCH AN ENTITY.
*Reputation*
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Due to the recent incorporation of the firm, and the relatively small nature of
it's business, no meaningful points of reference in terms of reputation within
the industry was possible.
ADVERSE DATA
MONITORING
DISHONORED CHECKS No Record Found
DEBT No
Record Found
LITIGATION No
Record Found
PERFORMANCE DEFAULTS No Record Found
ADVERSE PRESS COVERAGE No Record Found
FORMER COMPANY RELATIONSHIPS No Record Found
PRODUCT, TECHNOLOGY,
SERVICE DESCRIPTION
*Main Products & Services*
==========================
The nature of business has not been reported to the SEC since the company
establish for 1 month.
ORGAINIZATION
STRUCTURE
*Key Personnel*
===============
Name : Herminia D
Abiera
Position :
President
Year appointed : 5 February, 2007
Taxyer ID no. :
166-621-741
Resident status : He is by Philippines nationality
Responsibilities : Currently active in the company's day-to-day
operations & is responsible for its management.
SHAREHOLDER'S
DESCRIPTION
*Major Shareholders*
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Total number of shareholders : 5
Total number of authorized shares :
5,000
Total number of Issued shares
: 1,250
Total number of paid-up shares
: 125
Share Class
: Ordinary Share
Shareholder's Name No
of Shares
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Mr Dorairajan Ganesan 250
Mr Sivarama Krishnan Hariharan Venkatraman 250
Mr Daisy Jean SJ Apillanes 250
Mr Lanie S Monteras 250
Mr Herminia D Abiera 250
RELATED PARTIES
DESCRIPTION
*Directors' Details*
====================
(1)
Name : Mr Herminia D Abiera
(2)
Name : Mr Dorairajan Ganesan
Position : Director
Year appointed :
5 February, 2007
Taxyer ID no. :
F5134096
Resident status :
He is by Indian nationality
Responsibilities :
Currently active in the company's day-to-day operations & is
responsible for its
management.
(3)
Name : Mr Sivarama Krishnan Hariharan Venkatraman
Position : Director
Year appointed :
5 February, 2007
Taxyer ID no. :
Z1192387
Resident status :
He is by Indian nationality
Responsibilities :
Currently active in the company's day-to-day operations & is
responsible for its
management.
(4)
Name : Mr Daisy Jean SJ Apillanes
Position : CEO & Director
Year appointed :
5 February, 2007
Taxyer ID no. :
211-059-287
Resident status :
He is by Philippines nationality
Responsibilities :
Currently active in the company's day-to-day operations & is
responsible for its
management.
(5)
Name : Mr Lanie S Monteras
Position : Director
Year appointed :
5 February, 2007
Taxyer ID no. :
195-486-843
Resident status :
He is by Philippines nationality
Responsibilities :
Currently active in the company's day-to-day operations & is
responsible for its
management.
*Company Secretary Details*
===========================
Name : Mr Lanie S Monteras
Taxyer ID no. : 195-486-843
Note :
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The above registration information of shareholders, directors, and
secretary is based on the company's annual return filed at Companies Registry
within the last 2 years.
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/normal. |
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%)