MIRA INFORM REPORT

 

 

Report Date :

20.01.2011

 

IDENTIFICATION DETAILS

 

Name :

STEEL & STONE INC.

 

 

Registered Office :

Carretera Nº 2, Km. 120,8, Caimital, Altoaguadilla

 

 

Country :

Puerto Rico

 

 

Year of Establishment :

2002

 

 

Legal Form :

Incorporated Society

 

 

Line of Business :

Sale of Marble

 

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   

 

STEEL & STONE INC.

 

 

Summary      

 

INCORPORATED IN 2002. BEGINNER OF ACTIVITIES.  CATEGORICALLY REFUSED TO SUPPLY FINANCIAL INFORMATION. IT DOESN'T REGISTER NEGATIVE.  FIT FOR CREDITS MODERATE WITH SOLID GUARANTEES.

 

 

Operations       

 

SALE OF MARBLE

 

 

Legal Structure   

 

Business type:               Incorporated Society
Incorporated:                 2002
Duration:                      Unlimited
End of fiscal yr:             31/12

 

 

Contact       

 

Operative address: Carretera Nº 2, Km. 120,8, Caimital, Altoaguadilla, Puerto Rico.

Phone               : (1-787) 8915893
Fax                   : (1-787) 8822227
E-Mail               : steel_stone44@hotmail.com

 

 

Partners     

 

President:    JORGE M.PEREZ

 

Economic-Financial Position   

 

They have proved less willing to provide information, let alone the delivery of financial statements.

 

 

Assets     

 

They claim to be owners of their operational headquarters, did not show evidence title.

 

 

Evolution and Results       

 

Its purpose is the sale of marble and granite.

Available for such purposes adequate operational headquarters, where employees work 12.

Its imports from the United States, India and other countries.

Media polled considered stable outlook.

* 12 EMPLOYEES

 

 

Payment Record and Credit Risk      

 

BANCO SANTANDER
Branch Altoaguadilla

INSURANCE:
-------------------
MAPFRE INC.

 

 

Concept       

 

No provided payroll providers to verify compliance with its obligations.

Negative history does not record the commitment.

 

Final Opinion    

 

If interested in the credit relationship with this company, run by moderate amounts of solid application with safeguards to prevent further effects.


* FIT FOR CREDITS MODERATE WITH SOLID GUARANTEES.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.38

UK Pound

1

Rs.72.71

Euro

1

Rs.61.15

 

 

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

 

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.