MIRA
INFORM REPORT
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Report Date : |
18.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
S S COMMERCIAL LTD |
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Registered Office : |
2575 Ganesh
Tower, Espiritu Corner Consuelo St Malete, Manila |
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Country : |
Philippines |
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Date of Incorporation : |
22.08.2001 |
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Com. Reg. No.: |
C 450685217 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Supplier, Importer and Exporter of all kinds of products
based on the demands of it's clients such as Electronic Products, House
Wares, Glass Wares, Food Products, Metals ,Minerals Products and etc. |
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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Maximum Credit Limit : |
USD 6,000.00 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Details
Company Name: S S COMMERCIAL
LTD
Headquarter Address: 2575 Ganesh Tower
Espiritu Corner Consuelo st
Malete
Manila
PHILIPPINES
Tel: +632 5236011
+632 5236118
+632 5231924
Fax : +63 2 5236140
+63 2 3030651
E-Mail: Jeshchulani@hotmail.com
Registration
& legal DETAILS
Current Legal Form: Limited Liability Company
Registration Address: 2575 Ganesh Tower
Espiritu Corner Consuelo st Malete
Manila
PHILIPPINES
Registration Number: C 450685217
Registration Date: 22 Aug 2001
Year/Date Company Established: 22 Aug 2001
Capital
Currency:
Philippine Peso ( PHP)
Nominal Capital: 880,000.00
Shareholders
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Shareholder Names |
Share% |
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Mr. Jesh Chulani |
50% |
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Mr. Prakash Ramchand |
50% |
Principals
Name: Mr. Jesh
Chulani
Position within the company: General Manager
Age:
38
Country of Birth: Philippine
Nationality:
Philippines
Can fluently speak: Filipino,
English
Mobile
Phone: +63 9189480676
E-mail: Jeshchulani@hotmail.com
Name: Mr. Prakash Ramchand
Position within the company: Director
Age:
44
Country of Birth: Philippine
Nationality:
Philippines
Can fluently speak: Filipino
Name: Mrs. Imee Hosea
Position within the company: Secretary
Age:
23
Country of Birth: Philippine
Nationality: Philippines
Can fluently speak: Filipino
Company
activities
Supplier, importer and exporter of all kinds of
products based on the demands of it's clients such as electronic products,
house wares, glass wares, food products, metals ,minerals products and etc.
Branches:
63 San Gregorio St., Magallanes Village
Makati City, Philippines
Tel/Fax: +63 2 8520211
Premised : Rented - Office
Local Reporters consider the investigated company to be
Small in their field of concern.
Operations
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Employees
Company Employs: 7
HQ Premises
Operates Form: Rented: Offices
Location: Central Business Area
Related
Companies
It doesn't any related
companies.
Imports
Imports From: China, Singapore, Thailand
Import % and
type of product: %40 – Finished products
Import Term: Letter of Credit
Additional Info: A balance of 60% purchased via local market
Export
Exports To: Latin
America
Export % and
type of product: %5– Finished products
Export Term: Letter of Credit
Trading
& Selling
Territory:
95% Nationally, 5% Internationally
Sales Term: Cash , Letters of Credit
Vehicles: 4
Financial
The subject declined all financial data.
Banks
Development Bank of Philippines
Interview & Reporter
Comments
In the interview conducted with Mrs. Imee Hosea (Secreatry), 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 High
Trade risk and to be Secured.The company is not known company on Philippines
market.
Owner/Shareholders Comments:
Some
of the owners / shareholders have an active participation in the
running of the business.
Age of Business: Old Business
MAX CREDIT RECOMMENDED: USD 6,000.00
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.78 |
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UK Pound |
1 |
Rs.85.51 |
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Euro |
1 |
Rs.67.90 |
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%)