MIRA
INFORM REPORT
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Report Date : |
05.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
HARDWARE WHOLESALES INC. |
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Registered Office : |
Carretera 2 Km. 142,2 Anasco |
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Country : |
Repúblic of Puerto Rico |
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Date of Incorporation : |
1992 |
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Com. Reg. No.: |
84552 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import and Commercialization of hardware
and related products |
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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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Registered Name
HARDWARE WHOLESALES INC.
Summary
INCORPORATED IN 1992. BEGINNER OF ACTIVITIES. COMPANY'S REPRESENTATIVES
CATEGORICALLY REFUSED TO SUPPLY INFORMATION. IT DOESN'T REGISTER NEGATIVE. FOR
CREDIT TREATMENT, WE SUGGEST TAKING APPROPRIATE SOLID GUARANTEES.
Operations
MATERIALS FOR CONSTRUCTION
HARDWARE
PLUMBING AND HEATING PRODUCTS
WHOLESALE
RETAIL
Legal Structure
Business type: Limited
Company
Incorporated: 1992
Register #: 84552
Duration: Unlimited
End of fiscal year: December 31st
Contact
Operative and Administrative address:
Carretera 2 Km. 142,2 Anasco, Repúblic of Puerto Rico.
Phone: (1787) 826-7585
Fax: (1787) 826-2095
Partners
Presidente:
KAOSMOLL OLAF
Vice-president: KAOSMOLL THOMAS
Social signature use: In the charge of the President and Vice-president.
History
According to our registered information, the
company is beginner of activities and operates nowadays in the previously
exposed address.
It isn't known if nowadays its members perform other activities.
Economic-Financial Position
Company's directors categorically refused to
collaborate with our investigations in order to determine the company's current
economic-financial situation.
Therefore it has been necessary to consult other sources. And even in this way,
no information about this company was registered, although it is known that the
subject is a company of relative importance on its sector.
Assets
REAL ESTATE:
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Inside the company's fixed assets is included the property located in the
previously exposed address, which has an interesting realization value.
Commercial References
Consulted
Supplier 1
Customer of 10 years
Monthly credit: US$ 15/20.000
Term of payment: 60 days (checks)
It sales ropes, chains, tools.
Fulfillment: Punctual.
Evolution and Results
The company is engaged in the import and
commercialization of hardware and related products, operating nowadays in the
previously exposed address.
It has a spacious building, where it has its administrative offices, exhibition
and sales area, warehouses and other dependences, which are managed by its
directors and 10 employees.
It carries out imports from Mexico, China, United States, India and Belgium,
not being known its incursion in the export market.
Around 80% of its sales are carried out in cash, while the rest is with
facilities up to 15 days. It operates in all Anasco.
MAIN SUPPLIERS:
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APOLLO INC.
HARRIS PAINTS CORP.
SERAFIN WHOLESALES DISTRIBUTOR
Payment Record and Credit
Risk
BANK:
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BANCO POPULAR Local Agency
ISNURANCE:
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CARIBE PROFESIONAL AGENCY INC.
General risks.
Concept
Up to now there are no comments and/or records
that could affect the company's commercial conccept.
According to our consultations, it complies in due time the commitments taken.
* WITHOUT OBJECTIONS
Final Opinion
Bearing in mind the lack of financial
information, for credit treatment with this company we suggest atking
appropriate guarantees.
* FOR CREDIT TREATMENT, WE SUGGEST TAKING SOLID GUARANTEES
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.00 |
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UK Pound |
1 |
Rs.82.14 |
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Euro |
1 |
Rs.65.09 |
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%)