MIRA INFORM
REPORT
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Report Date : |
18.01.2011 |
IDENTIFICATION DETAILS
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Name : |
APPOLO DISTRIBUITOR INC |
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Registered Office : |
Road 115 Km 21,9 (PO: 00602) Barrio Guayabo, |
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Country : |
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Year of Establishment : |
1988 |
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Legal Form : |
Corporation |
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Line of Business : |
commercialization and distribution
of general goods |
RATING & COMMENTS
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MIRAs Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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
APPOLO DISTRIBUITOR INC
IMP. Nš 5281665
Summary
INCORPORATED IN 1988. BEGINNER OF ACTIVITIES. CATEGORICAL REFUSAL FROM ITS REPRESENTATIVES TO SUPPLY INFORMAITON. IT DOESN'T REGISTER NEGATIVE. FIT FOR MODERATE CREDITS WITH THE ADOPTION OF APPROPRIATE GUARANTEES.
Operations
GENERAL GOODS
DISTRIBUTION
COMMERCIALIZATION
Legal Structure
Business type:
Corporation
Incorporated: 1988
Registered: 1988 - City of
Duration:
99 years
End of fiscal year: December 31st
Contact
Mr. Alpolanio
Muņiz Bonet.
Legal and Operative address: Road 115 Km 21,9 (PO: 00602) Barrio Guayabo,
Puerto Rico,
Phone: 01 787.868 8004
E-mail: apolodistribuitor@yahoo.com
Partners
General Manager:
ALPOLANIO MUŅIZ BONET
He is in charge of the social signature use.
History
It should be noted in principle that those who are responsible for the management and administration of the company have been circumvented in a strict care of our request for information, which is why we refer to information available in our power and those from media in which usually develops.
Basis of this exception and thus be known, is being able to quote as an
initiator of activities being conducted by observing that for the purposes
provided it is established in the direction exposed.
It is our understanding that an integral part of any economic group or keep
their main management interference in some other firms based in that or some
other places.
Economic-Financial Position
Consulted sources
said that the company operates with a modest level of importance and doesn't
register negative elements.
Assets
BUILDINGS:
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Within the fixed assets of the company, the property includes seat of their
activities, acceptable value realization.
Unable to contact the appropriate documentation to verify if it is free of
liens.
CARRIAGES:
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2 Pick Up Ford F-350 on which no more precise data are obtained.
Evolution and Results
As mentioned early, the owner is engaged in importing, marketing and distribution of hardware and related products, being established for this purpose at the address set out in due course.
Serving together with family and employees being noticed in discrete moments of
the interview moving sales.
Specific imports from the
* 4 EMPLOYEES.
MAIN SUPPLIERS
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RAFES J.NIDO INC. (Puerto Rico)
INDUSTRIAL VASALLO INC. (
Payment Record and Credit
Risk
BANK:
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BANCO POPULAR DE PUERTO RICO Branch: Guayabo
INSURANCE:
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SEGUROS MULTIPLES INC.
Concept
It is commercially
related with local and foreign companies. Many of them give it their credit
support by current amounts and with the common guarantees, not making up to now
objections about its payment behaviour.
* FULFIILLMENT: WITHOUT OBJECTIONS
Final Opinion
According to all exposed, we understand that this company is feasible
for credit treatment by current amounts, with the request of the appropriate guarantees.
* FIT FOR CURRENT CREDITS MODERATE.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.59 |
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1 |
Rs.72.31 |
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Euro |
1 |
Rs.60.73 |
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 |
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NB |
New Business |
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This score serves as a reference to assess SCs 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.