MIRA INFORM REPORT

 

 

Report Date :

21.01.2011

 

IDENTIFICATION DETAILS

 

Name :

T&Z MARKETING LTD

 

 

Registered Office :

329 Paria Avenue Lange Park Chaguanas

 

 

Country :

Trinidad and Tobago

 

 

Date of Incorporation :

08.07.1998

 

 

Com. Reg. No.:

106746

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

importer and wholesaler of building products

 

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 :

Small Company 

 

 

Payment Behaviour :

Regular

 

 

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)

Trinidad and Tobago

b1

b1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

 

GEOPOLITICS - TRINIDAD AND TOBAGO

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Parliamentary system


Economic Risk: Low

Currency: 100 TTD = 15.82 USD

Branch Situation:Stable

 

 

IDENTIFICATION

 

Ordered as:

T & Z Marketing Ltd

Address in the order:

329 Paria Avenue, chguanas, Trinidad, West Indies

 

 

Legal Name:

T&Z Marketing Ltd

 

 

Legal Address

329 Paria Avenue Lange Park Chaguanas Trinidad and Tobago

 

 

Telephone:

(868) 672-1834 / 665-7882

Registration Number :

106746

Fax:

(868) 665-8221

Legal Form:

Limited Liability Company

Email:

tjoseph@tzhomeimprovement.com/ trevor_joseph0@yahoo.com

Registered in:

Trinidad and Tobago

Website:

N.A.

Date Created:

1986

Manager:

Mr. Trevor Joseph - Managing Director

Date Incorporated:

July 8, 1998 (Cont.)

Staff:

9

Stock:

N.A.

 

 

Value:

N.A.

Activity:

Importer / Wholesaler

 

 

BANKS

 

Name of the Bank

RBTT Bank

                                                                                                                              

 

BUSINESS

 

HISTORY

 

The company has been operating since 1986.

PRINCIPAL ACTIVITY

 

The subject company is engages in the importer and wholesaler of building products.

Products/Services description:

 

Doors, sanitaryware, tiles, Building Metallic Materials, Locks.

Sales are:

 

Wholesale, Retail

Clients:

 

Contractors and home owners.

Operations area:

 

Local

The company imports from Europe, North America, Brazil, India, etc.

The company does not export

Trade References:

 

The person contacted refused to provide the names of their suppliers on grounds of confidentiality.

 

The subject employs 9 employee(s)

PAYMENTS

 

made on a 50 days basis - monitored over the last 12 months

LOCATION

Headquarters

 

The company is headquatered at the above listed address.

Comments on location:

 

The administrative office and operations of the company can be found at the above listed address.

Branches:

 

No more branches were reported.

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

Mr. Trevor Joseph is the owner of the company.

Management:

 

Mr. Trevor Joseph, Managing Director

Related Companies:

 

T&Z Home Improvement Center

Munroe Rd. Chaguanas,

Trinidad and Tobago

Tel: 868-693-1362

 




Financials - COMMERCIAL TRENDS AND FORECAST

As a private company the subject does not publish any financial statements.

However our financial sources could provide us with the following data (estimates):

 

Currency

DATE

USD

2009

Turnover

654,000

Operating Income

76,000

Net Income

50,000

Net worth

190,000

Bank liabilities

0

The cash flow is

normal

 

Currency

DATE

USD

2008

Turnover

577,000

Operating Income

32,000

Net Income

21,000

Net worth

120,000

Bank liabilities

0

The cash flow is

medium

 

Legal Fillings

 The sources consulted record no detrimental legal or labor court information.

 

 



Rating

 

Local credit bureau gave a correct credit rate.

 

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

 Final Opinion

 

The company has 24 years of experience with no legal changes since its incorporation. They currently have the support of 9 employees for this reason it is considered a small sized company.  The profitability is good, the indebtedness is nil, the cash is normal, and the payments are regular.

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

GOOD

Public

NO

Indebtedness

NIL

Payments

REGULAR

Cash

NORMAL

 

 

 

 

APPENDIX

 

Person Interviewed

 

Mr. Trevor Joseph

Position

 

Managing Director

Comments

 

Mr. Joseph with whom we spoke refuses to provide any information over the phone and without knowing the name of the client.

 

He requested an email with the name of the client in order to help us.

 

 

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

 

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%)

 

 

 

 

 

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