MIRA
INFORM REPORT
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Report Date : |
18.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
RESOURCEFUL INTERNACIONAL INC |
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Registered Office : |
1003 Sta. Cruz St 1003 St. Cruz South Manila |
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Country : |
Philippines |
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Date of Incorporation : |
14.06.1994 |
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Com. Reg. No.: |
ASO94-007339 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Distributor and Importer of Confectioneries. |
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 5,000 |
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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: Resourceful
Internacional Inc
Headquarter Address: 1003 Sta. Cruz St
1003 St. Cruz South Manila
Philippines
Tel: +632 2541520
Fax : +632 2541521
E-Mail: Resourcefulinternational@yahoo.com
Registration
& Legal Details
Current Legal Form:
Joint Stock Company
Registration Address: 1003 Sta. Cruz St
1003 St. Cruz South Manila
Philippines
Registration Number: ASO94-007339
Registration Date:
14 June 1994
Year/Date Company Established: 14 June 1994
Capital
Currency: Philippine Peso ( PHP)
Nominal Capital: 1,800,000.00
Shareholders
The company declined
all shareholder data.
Principals
Name: Mr. Robby Nunez
Position within the company: General Manager
Age: 54
Country of Birth: Philippine
Nationality: Philippines
Can fluently speak: Filipino
Name: Mr. Ardales Ablan
Position within the company: Director
Age: 32
Country of Birth: Philippine
Nationality: Philippines
Can fluently speak: Filipino
Name: Mrs. Erinda Pabalate
Position within the company: Secretary
Age: 25
Country of Birth: Philippine
Nationality: Philippines
Can fluently speak: Filipino
Company
Activities
Distributor and importer of confectioneries.
Imported Brands: Trolli Gummi Candies, Samba Chocolate Filled Bonbons
Local Reporters consider the investigated company to be
Small in their field of concern.
Operations
Employees
Company Employs: 8
HQ Premises
Operates Form: Rented: Office
Location:
Central Business Area
Related
Companies
Affiliated:
FCG
Trading Philippines Inc
#9, Guirayan Street,
Araneta Subdivision
Quezon City
Tel. nos.: (632) 715-1153 to 54
Fax no.: (632) 715-1165
E-mail: fcg@skyinet.net
Imports
Imports From: Argentina, Brazil, Italy, German,
Spain, USA
Thailand, China
Import % and type of product: %80 – Finished products
Import Term: Letter of Credit
Additional Info: A balance of 20% purchased via local
market
Export
It doesn't any export.
Trading
& Selling
Territory: 100% Nationally
Sales Term: Cash , Letters of
Credit
Vehicles: 3
Financial
The subject declined
all financial data.
Banks
National Bank of Philippines
Interview & Reporter
Comments
In the interview
conducted with Mrs. Erinda Pabalate (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 5,000
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%)