MIRA INFORM REPORT

 

 

Report Date :           

13.05.2011

 

IDENTIFICATION DETAILS

 

Name :

SOUTH AMERICAN WOODS

 

 

Registered Office :

17 Brickdam Road, 12123 Georgetown

 

 

Country :

Guyana

 

 

Date of Incorporation :

Not  Available

 

 

Com. Reg. No.:

Not  Available

 

 

Legal Form :

Not  Available

 

 

Line of Business :

Manufacturer / producer of Sawmills of tropical wood

 

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Guyana

c2

c2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

GEOPOLITICS - GUYANA

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Republic


Economic Risk: Present

Currency: Guyana (GYD)

100 GYD = 0.49 USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Ordered as:

South American Woods

Address in the order:

98 Sheriff Street George Town

Comments on data supplied:

The address in the order does not appears under the company South American Woods. The correct address was placed in the order.

 

The phone number appears as temporarily disconnected.

Legal Name:

South American Woods

 

 

Legal Address

17 Brickdam Road, 12123 Georgetown, Guyana

 

 

Telephone:

(592) 225-5136

Registration Number :

N.A.

Fax:

N.A.

Legal Form:

N.A.

Email:

N.A.

Registered in:

Guyana

Website:

N.A.

Date Created:

2004

Manager:

N.A.

Date Incorporated:

N.A.

Staff:

120

Stock:

N.A.

 

 

Value:

N.A.

Activity:

Manufacturer / producer of Sawmills of tropical wood.

 

 

BUSINESS

 

HISTORY

 

The company is operating since 2004.

PRINCIPAL ACTIVITY

 

The company is dedicated to the tropical wood sawmill.

Products/Services description:

 

Stairs, Shutters, Floors - parquet, Moldings, carpentry in general, Fences, Posts - stakes, Utensil’s of wood - implements - sticks - brooms, Houses of trunks, Houses of wood - chalets, Frameworks, structures for houses of wood, and Woodcuts

 

Types:

Trunks, Serrated Wood, Sheet Of Wood (Wood lasts,

soft wood and tropical wood)

 

Species:

Tropical African Madeira and Tropical Latin-American Madeira

 

Capacity of production (m3/annually): 60,000M3

Sales are:

 

Wholesale

The company export to Europe, America, Africa, and Asia.

The subject employs 120 employee(s)

 

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

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

 

However, thru external sources the company has an approximate amount of sales for 5,000,000 USD annually

.

Legal Fillings

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

 

 Final Opinion

 

Despite our long searches, a new phone number is not listed with the yellow pages, and we were unable to contact the Company.

 

Please provide us with further information such as email address in order to pursue the investigation.

 

Since we cannot reach the company we suggest caution.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.79

UK Pound

1

Rs.73.19

Euro

1

Rs.63.59

 

 

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.