MIRA
INFORM REPORT
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Report Date : |
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IDENTIFICATION DETAILS
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Name : |
REX DISCOUNT INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
30.12.1980 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
General supplies saler |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 120,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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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 |
GEOPOLITICS - UNITED STATES
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: USD |
IDENTIFICATION
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Legal Name: |
Rex Discount INC |
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Legal Address |
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Telephone: |
(305) 633-6650 |
ID : |
F11668 |
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Fax: |
(305) 633-6650 |
Legal Form: |
Corporation for Profit |
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Email: |
Support@Rexdiscount.com |
Registered in: |
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Website: |
http://www.rexdiscount.com/ |
Date Created: |
NA |
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Manager: |
Jose Carrera, CEO |
Date Incorporated: |
December, 30th. 1980 |
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Staff: |
40 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
General supplies saler |
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BANKS
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Name of the Bank |
PREMIER AMERICAN BANK |
BUSINESS
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HISTORY |
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The company was incorporated for business in 1,980. |
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PRINCIPAL ACTIVITY |
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General supplies saler |
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Products/Services description: |
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The company is a wholesaler/distributor as well as a major
importer/exporter based out of The company offers these products: Antiacids, baby wipes, beers, candies, candles, cigars, desinfectants,
ethnic preparations, feminine hygiene, frozen foods, gloves, hair coloring,
insecticides and traps, juices, lighters and matches, meats, nasal sprays,
oven cleaners, paper towel, rollings papers, sewing notions, snacks, tooth
brushes, vitamins and tonics, wines. (Among others) |
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Sales are: |
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Wholesale |
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Brands: |
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Clorox, Busweiser, Fixodent, Blackstone, Iselitas, Carlo Rossi. (Among others) |
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Clients: |
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Professionals of the industry, mainly wholesalers, supermarkets, discount
stores, convenience stores, and 99 cent stores throughout |
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Operations area: |
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National, International |
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The company imports from worldwide, depending on the demand. |
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The company export to |
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The subject employs 40 employee(s) |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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The company is headquartered at: Section D |
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Branches: |
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The company reports no branch locations |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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This is a private company, in which Mr. Jose Carrera is the main shareholder. |
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Management: |
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Jose Carrera, President Zoraida Carrera, Vice President Arelis Vargas, Secretary |
Financials - COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial statements. |
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We have contacted Mr. José Carrera, CEO of the company, who
refused to provide us any financial data without knowing the name of the
inquiring party. |
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However our financial sources could provide us with the following
data. Those figures are estimates provided by confidential banking and
financial institutions working with the company. |
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Currency |
DATE |
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USD |
2009 |
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Turnover |
8,800,000 |
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The cash flow is |
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Legal Fillings |
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There are several UCC** files
listed with the Secretary of State of Florida. There are no legal filings listed with the District Court. The last annual report was filed on 02/21/2011. THE COMPANY IS NOT LISTED ON THE OFAC LIST.* For information: * The Specially Designated Nationals (SDN) List is a publication of
OFAC which lists individuals and organizations with whom ** The Uniform Commercial Code (UCC) is one of a number of uniform
acts that have been promulgated in conjunction with efforts to harmonize the
law of sales and other commercial transactions in all 50 states within the The UCC deals primarily with transactions involving personal property
(movable property), not real property (immovable property). It allows a creditor to notify other creditors about a debtor’s assets
used as collateral for a secured transaction by filing a public notice
(financing statement) with a particular filing office. The Uniform Commercial Code Bureau files and maintains on financial
obligations (including IRS liens) incurred by individuals (in business as a
sole proprietor), business entities and corporations. |
Rating
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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. |
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Final Opinion |
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This is a small sized American company which employs 40 persons and
has been incorporated for business since 1980. There were no legal filings found against the company or its legal
representative. The income per employee is pretty fair for the company's size. A credit line may be consider for USD 120,000.- |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
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APPENDIX
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Person Interviewed |
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Mr. José Carrera |
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Position |
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President of the company |
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Comments |
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The person contacted refused to provide any information on grounds of
confidentiality. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.11 |
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1 |
Rs.72.91 |
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Euro |
1 |
Rs.62.56 |
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 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.