MIRA INFORM REPORT
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Report Date : |
15.04.2011 |
IDENTIFICATION DETAILS
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Name : |
PIBEN IMPORT INC |
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Registered Office : |
Gautier Benitez No. 14 (00725), |
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Country : |
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Year of Establishment : |
1965 |
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Legal Form : |
Company Incorporated |
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Line of Business : |
import and retail of clothing items carriages |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Registered
Name
PIBEN IMPORT INC
Summary
MARKETING FIRM IN WARM WORK INITIATIVE TO
DEVELOP AND OPERATE IN MAY 1965. AUTHORITIES FOR DISPOSAL OF ITS FINANCIAL DATA
NOT PROVIDED TO OTHERS. NO HISTORY CONCERNING IT. OF INTEREST CREDIT AT ITS
RELATION TO ACT WITH RESERVATIONS ADVISABLE FOR THESE CASES.
Operations
CLOTHING ITEMS
CARRIAGES
IMPORT
RETAIL
Legal
Structure
Legal form:
Company Incorporated
Constituted:
Year 1965
Registered RP.C.:
Cdad.de Caguas (
Duration:
Unlimited
Closing exercises:
December 31
Contact
Operative and
administrative address: Gautier Benitez No. 14 (00725),
Tel.: (1-787) 743-5598
Fax.: (1-787) 746-0636
Partners
President:
BENDER JACOBO
Vicepresident: BENDER JOEL
Secretary:
BENDER RAQUEL
The first two mentioned are responsible for the management and administration
of the company, in its capacity as manager with the indiscriminate use of the
corporate signature.
History
Of investigations conducted, it appears that the company owner appears to be the initiator of the activities being developed and for which it is located at the addresses set forth.
It is our understanding that an integral part of any economic group or by their
managers to participate simultaneously in any other company with headquarters
in this or some other places.
Economic-Financial
Position
Required information aimed at determining the current assets of the firm owner, tells us that as a rule it is not supplied to third and less even without knowing the origin of the order.
As usual in these cases, had to resort to indirect means with negative results
and was not found among them who is issued with certainty on the matter.
Anyway, I quote as a company of reasonable importance among sector peers which
apparently does work easily apparent in a highly competitive and aggressive.
Assets
BUILDINGS:
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The fixed assets of the company, including the large building it occupies in
their efforts, good value realization.
Unable to contact the appropriate documentation to verify that property is
exempt from taxes.
Evolution
and Results
As has been
mentioned early, the owner is dedicated to the importance and retailer of
clothing for men, women and children, vehicles, etc. While large in size
occupying bound for administrative offices, exhibition and sales, deposits,
etc.
Personally attend the managers, who have the necessary staff concorso,
appreciating at a time of the interview good move for customers.
Among other countries, notably imports from
* 95 EMPLOYEES.
REFERENCE UNIT PROVIDED:
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Payment
Record and Credit Risk
BANCO POPULAR DE
PUERTO RICO Branch Caguas
FIRST BANK
Branch
INSURANCE:
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MAPFRE INC.
Concept
Could not make contact
with the list of suppliers to which to turn for details of payment methods that
supports the headline.
However, it noted that "data bank" does not gather evidence relating
to them conceptually.
* COMPLIANCE: NOT DETERMINED
Final
Opinion
While not gather evidence that may damage the conceptual image of the
owner, aware of the lack of details on the specific investment in their
businesses, credit rating means that it should be treated with appropriate
reservations.
* CREDIT OPERATIONS TO ACT WITH RESERVATIONS.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.48 |
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1 |
Rs.72.37 |
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Euro |
1 |
Rs.64.42 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.