MIRA
INFORM REPORT
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Report Date : |
17.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
STAINLESS SCREW INTERNATIONAL SALES |
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Registered Office : |
1425 Quirho Avenue Paranaque City 1700 M Manila |
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Country : |
Philippines |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturing of Hardware. |
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 : |
Peso 5,500 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Basic
Country: Philippines
Company name: STAINLESS SCREW INTERNATIONAL SALES
Office address: 1425 Quirho Avenue Paranaque City 1700 M
Manila
Office tel: 2-5133516
Office fax: 2-8269196
Business type: Manufacturer
Industry: Hardware & Tools
FINANCIAL DESCRIPTION
*Credit Risk
Assessment*
=======================
Risk Index : Medium
Credit amount : 5,500
Credit period : 30 days
*Credit Opinion*
=============
Credit of a moderate amount can proceed normally.
*Credit
Assessment*
==============
The company is considered an average sized company in its line locally.
Based on its history background, established market connectivity and trade
connections, credit of a moderate amount can proceed normally.
*Operations
Status*
==================
Investigations have included :
1) A site visit was conducted at the company's heading address which
revealed that the above company's name was seen on display.
2) The company is engaged in manufacturing of hardware.
3) The company's products are manufactured in Philippines.
4) The company's products are sold to local and Asia Pacific.
*Financials*
=========
As a private limited company, no official financial statement is
required to be publicly disclosed.
Upon our current contact, the company's staff refused to forward any financial
information regarding the company on the grounds that the company is a private
venture whose financial information is considered sensitive private business
information not subjected to public release or release to non-business related
parties.
*Reputation*
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Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Payment Terms*
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Sales
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Local : Cash on Delivery (COD)
Credit
Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchases
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Local : Cash on Delivery (COD)
Credit
Import : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
*Company
Registration *
==================
Due to field investigations held at the premises listed above, the
following facts were revealed by the person interviewed at this address:
- They recognized the name "Stainless Screw International
Sales"
- They reconfirmed that this business entity is registered in
Philippines
PRODUCT, TECHNOLOGY, SERVICE
DESCRIPTION
*Main Products & Services*
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Specializes in manufacturing of hardware.
*Detailed Product
specifications*
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Items available include:
Carbon steel
Stainless steel
Brass screws
Fasteners
Supermarket Gondola
Steel slotted angle bar
Pallet racking system
Wiremesh furniture rack
Mobile shelves
TRADE REFERENCES
*Domestic
Suppliers*
=================
Part of the company's materials are sourced locally from corporations.
LOCAL DISTRIBUTION &
WAREHOUSING
*Local
Distribution Network*
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Part of the annual turnover is attributed to local sale.
*Imports*
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Part of the company's materials are imported from Asia.
INTERNATIONAL TRADE ACTIVITY
DESCRIPTION
*Export Markets*
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Part of the annual turnover is attributed to export to the following
countries:
- Asia Pacific
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.32 |
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UK Pound |
1 |
Rs.83.57 |
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Euro |
1 |
Rs.65.90 |
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%)