MIRA INFORM REPORT

 

 

Report Date :

21.01.2011

 

IDENTIFICATION DETAILS

 

Name :

OPTICAL OUTLET INC.

 

 

Registered Office :

Ruta 169 Km. 4,6, Office Building, Barrio Frailes LLanos, Guaynabo

 

 

Country :

Puerto Rico

 

 

Date of Incorporation :

1997

 

 

Legal Form :

Incorporated Society

 

 

Line of Business :

Import Products Ophthalmologic

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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

 

Country Name

Previous Rating

(01.04.2010)

Current Rating

(30.06.2010)

Puerto Rico

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Registered Name   

 

OPTICAL OUTLET INC.

 

 

Summary      

 

COMPANY ESTABLISHED IN THE YEAR 1997 - ACCOUNTING DOCUMENTATION PROVIDED DENIED - STABLE OUTLOOK - SUITABLE FOR CREDIT WITH GUARANTEES.

 

 

Operations       

 

IMPORT PRODUCTS OPHTHALMOLOGIC

 

 

Legal Structure   

 

Business Type:             Incorporated Society
Incorporated:               1997
Unlimited:                   Unlimited
End of fiscal yr:          31/12

 

 

Contact       

 

Mr.Omar Alvarez

Operative address: Ruta 169 Km. 4,6, Office Building, Barrio Frailes LLanos, Guaynabo, Puerto Rico.

Phone: (1-787) 7208341
Fax: (1-787) 7891835
E-Mail: optiexp@prtc.net

 

 

Partners     

 

President:      EDUARDO ALVAREZ MARTINEZ

Director:        OMAR ALVAREZ

Use of signature: President.

 

 

Economic-Financial Position   

 

Refused delivery of financial statements.

Only mention (without showing proof) that the estimated monthly sales by $ s 500,000.

 

 

Assets     

 

The firm owns no real estate, its operational headquarters is rented.

 

 

Evolution and Results       

 

Since its inception been committed to the importation and sale of ophthalmologic and related products.

It has a medium organization where together with partners working above 10 employees.

Its imports come from the U.S.A., China, India, Japan and Indonesia.

U.S.A. suppliers:
-----------------------
VISION EASE INC.
JOHN ER INC.

* 10 EMPLOYEES

 

 

Payment Record and Credit Risk      

 

BANCO POPULAR DE PUERTO RICO
Branch Guaynabo

INSURANCE:
------------------
SEGUROS UNIVERSALES INC.
MAPFRE INC.

 

 

Concept       

 

No payments experience in the market, their purchases are made abroad.

Negative history does not record the commitment.

 

 

Final Opinion    

 

You can try the treatment with the company credit for moderate amounts and in all cases be required to provide adequate guarantees.



* SUITABLE FOR CREDIT WITH GUARANTEES.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.58

UK Pound

1

Rs.72.73

Euro

1

Rs.61.45

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.