MIRA INFORM REPORT
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Report Date : |
31.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
ASSURANCE CONTROLS TECHNOLOGIES CO , INC |
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Registered Office : |
Room 1604, Annapolis Wilshire Plaza , 11 Annapolis St.
Greenhills, San Juan, Metro Manila 1502 |
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Country : |
Philippines |
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Date of Incorporation : |
03.03.1999 |
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Com. Reg. No.: |
A243635101 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Distributor of technological medical equipments
are included radar, ultrasonic , infrared, radioisotopes, and x rays, and distributor of equipment for level and pressure measurement,
safety equipment for gas detection, moisture meters. Supplier of nuclear medicine.
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RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 380,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Details
Company Name: Assurance Controls Technologies Co , Inc
Headquarter Address: Room 1604, Annapolis Wilshire Plaza
11 Annapolis St.
Greenhills
San Juan, Metro
Manila 1502
Philippines
Tel: +632 7224580
+632 7224588
+632 7244150
+632 7234045
Fax : +632 7231742
E-Mail: assctrl@info.com.ph
Web Site: www.assurancecontrols.com
Registration
& Legal Details
Current Legal Form: Joint Stock Company
Registration Address: Room
1604, Annapolis
Wilshire Plaza
11
Annapolis St. Greenhills
San Juan, Metro Manila 1502
Philippines
Registration Number:
A243635101
Registration Date: 03 March 1999
Year/Date Company Established: 03 March 1999
Capital
Currency:
Philippine Peso ( PHP)
Nominal Capital:
4,800,000.00
Shareholders
It declined all shareholder data.
Principals
Name: Mr. Reybaldo Paradero
Position within the company: General Manager
Country of Birth: Philippine
Nationality:
Philippines
Can fluently speak: Filipino,
English
Mobile
Phone: +63 917 8535831
E-mail: rgparadero@assurancecontrols.com
Name: Mrs. Regina P. Banaag
Position within the company: Executive Assistant
Country of Birth: Philippine
Nationality:
Philippines
Can fluently speak: Filipino,
English
Mobile Phone: +63
917 7915269
E-mail: rpbanaag@assurancecontrols.com
Name: Mr. Mattew G.
Guzman
Position within the company: Marketing Coordinator
Country of Birth: Philippine
Nationality:
Philippines
Can fluently speak: Filipino,
English
Mobile
Phone: +63 917 8259715
E-mail:
rpbanaag@assurancecontrols.com
Name: Mr. Roden G.
Isip
Position within the company: Sales and Application
Engineer
Country of Birth: Philippine
Nationality:
Philippines
Can fluently speak: Filipino,
English
Mobile Phone: +63
917 8586525
E-mail:
rpbanaag@assurancecontrols.com
Name: Mr. Edwin C.
Buita
Position within the company: Applications Engineer
Country of Birth: Philippine
Nationality: Philippines
Can fluently speak: Filipino
Mobile
Phone: +63 917 8460276
E-mail: ecbuita@assurancecontrols.com
Name: Mrs. Imelda A.
Depita
Position within the company: NDT/ PCI Sales Manager
Country of Birth: Philippine
Nationality: Philippines
Can fluently speak: Filipino
Mobile
Phone: +63 917 8415542
E-mail: actsales@info.com.ph
Name: Mrs. Karen B.
Paradero
Position within the company: Nuclear Medicine Sales
Manager
Country of Birth: Philippine
Nationality: Philippines
Can fluently speak: Filipino
Mobile Phone: +63 917
8259715
E-mail: kbparadero@assurancecontrols.com
Name: Mrs. Amicella
Donovan
Position within the company: Secretary
Country of Birth: Philippine
Nationality: Philippines
Can fluently speak: Filipino
Company
Activities
Distributor of technological medical equipments are
included radar, ultrasonic , infrared, radioisotopes, and x rays, and distributor of equipment for level and pressure measurement,
safety equipment for gas detection, moisture meters. Supplier of nuclear
medicine.
Branches:
Unit 1710
Annapolis Wilshire Plaza 11
Annapolis St
Greenhills San Juan 1502
PHILIPPINES
Premised: Owned-
Office
Agencies:
Ohmart Vega
USA
Polatom
Poland
Clients:
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Operations
Employees
Company Employs: 45
HQ Premises
Operates Form:
Owned: Office, Warehouse
Location:
Central Business Area, Main Road
Related
Companies
It
doesn't any related companies.
Imports
Imports From:
Europe, Fars East
Import % and
type of product: %20 – Finished products
Import Term: Letter of Credit
Additional Info: A balance of
80% purchased via local market
Export
Exports To:
Argentina, Peru, Poland
Export % and
type of product: %7– Finished products
Export Term: Letter of Credit
Trading
& Selling
Territory:
93% Nationally, 7% Internationally
Sales Term: Cash , Letters of Credit
Vehicles: 12
Financial
The subject declined all financial data.
Banks
Land Bank of Philippines
Interview & Reporter
Comments
In the interview conducted with Mrs. Amicella
Donovan (Secretary), she declined full financial information
and bank account number citing the grounds of company confidentiality.
Payments
Subject's payments reported to be: NO COMPLAINTS
Conclusions
Local Reputation:
The company being investigated is believed by local reporters to be a Medium
Trade risk and to be fair.
Owner/Shareholders Comments:
Some
of the owners / shareholders have an active participation in the
running of the business.
Age of Business: Old
Family Business
MAX CREDIT RECOMMENDED: USD 380,000
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 42.37 |
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UK Pound |
1 |
Rs. 84.01 |
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Euro |
1 |
Rs. 65.96 |
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%)