MIRA INFORM REPORT

 

 

Report Date :           

14.10.2011

 

IDENTIFICATION DETAILS

 

Name :

HARDCORE BROTHERS CUSTOM MOTORCYCLES INC

 

 

Registered Office :

G/F Doña Guadalupe Building, 7462 Bagtikan Street, San Antonio Village 1203, Makati City

 

 

Country :

Philippines

 

 

Date of Incorporation :

23.06.2011

 

 

Com. Reg. No.:

CS201110828

 

 

Legal Form :

Corporation

 

 

Line of Business :

General mercantile and Commercial Business

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Status :

New Company

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Philippines

b1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company Details

 

Company Name:

Hardcore Brothers Custom Motorcycles Inc

Supplied Name:

Hardcore Brothers Custom Motorcycles Inc

Trading Address:

G/F DOÑA GUADALUPE BUILDING, 7462 BAGTIKAN STREET, SAN ANTONIO VILLAGE 1203, MAKATI CITY, PHILIPPINES

Supplied Address:

G/F Dona Guadalupe Building, 7462 Bagtikan St., San Antonio Village, Makati City, Philippines

Telephone Number:

+63 02 899-2699; 896-0131; 0917 514-7333

Fax Number:

+63 02 899-2699

 

Note:

The supplied address is incomplete, and the exact address is as above.

 

 

Credit Summary

 

Credit Opinion:

Since the subject is a newly established company, the future development remains to be seen. At this stage credits require securities.

 

 

Company Identification Details

 

Registered Number:

CS201110828

TIN Number:

008-070-934

Legal Form:

Corporation

Date Incorporated:

2011-6-23

Authorized Capital Stock:

PHP 2,000,000.00(USD 46,131.4)

(As of 2011.10, 1 PHP = 0.02307 USD)

Subscribed Capital Stock:

PHP 500,000.00 (USD 11,532.9)

Paid-up Capital:

PHP 125,075.00(USD 2,884.94)

Par Value Per Share:

PHP 100

Listed at Stock Exchange:

No

Staff:

N/A

Note:

Amounts in Philippine Peso unless otherwise specified.

The staff number is not available from the subject or other sources.

 

 

History

 

Company Background

CORPORATION

Verification with the local registry revealed the following correct registration details as of (October 13, 2011).

Regulatory Agency

Date Registered

Registration No.

Term

Securities and Exchange Commission

06/23/2011

CS201110828

50 years

 

 

As of (2011-6-23)

 

Common

Authorized capital stock

2,000,000.00

Subscribed capital stock

500,000.00

Paid-up capital

125,075.00

Par value per share

100

Capital structure per latest available General Information Sheet.

 

 

Shareholders

 

Stockholders (2011-6-23):

Name:

Amount Subscribed:

Amount Paid-up:

Nationality:

BARINAGA, JIMMY DOUGLAS L. JR.

249,500.00

249,500.00

Filipino

BARINAGA, JIMMY DOUGLAS L. JR.

62,400.00

62,400.00

Filipino

DE LEON, FLERIDA L.

249,000.00

249,000.00

Filipino

DE LEON, FLERIDA L.

62,300.00

62,300.00

Filipino

CALVO, JENNIFER A.

500.00

500.00

Filipino

CALVO, JENNIFER A.

125.00

125.00

Filipino

DIAZ, ROBERTO L.

500.00

500.00

Filipino

DIAZ, ROBERTO L.

125.00

125.00

Filipino

MARCON, ROBERT VICTOR C.

500.00

500.00

Filipino

MARCON, ROBERT VICTOR C.

125.00

125.00

Filipino

List of stockholders and their shareholdings per original Articles of Incorporation.

 

 

Management Information

 

Management (2011-6-23):

Name

Position

CALVO, JENNIFER A.

Block 606 Lot 108, Heritage Home, Loma de Gato, Marilao, Bulacan

Treasurer / Director

BARINAGA, JIMMY DOUGLAS L. JR.

3187 F. Roxas St., Sta. Ana, Manila

Director

DE LEON, FLERIDA L.

3187 F. Roxas St., Sta. Ana, Manila

Director

DIAZ, ROBERTO L.

1465-C Paz St., Paco, Manila

Director

MARCON, ROBERT VICTOR C.

9333 Dungon St., San Antonio Village, Makati City

Director

 

 

Operation

 

Activities

To carry on a general mercantile and commercial business of importing and distributing, buying, acquiring, holding, selling or otherwise act as manufacturer’s representative and distributor of motorcycles, motor parts, other component and related parts.

Premises

Location: Located at the capital address as above.

 

Financial Information

 

The financial information is not available from the subject or other sources.

 

 

Bankers

 

No dealings based on credit exposure report with one million and above dealings as of June 30, 2011.

 

 

Public

 

No negative records (court cases, credit cards cancelled and delinquent accounts) found under “HARDCORE BROTHERS CUSTOM MOTORCYCLES INC.” in our available database as of October 13, 2011.

 

 

Special Notes

 

Above information were based on the subject’s original Articles of Incorporation obtained at the Securities and Exchange Commission.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.02

UK Pound

1

Rs.77.13

Euro

1

Rs.67.56

 

 

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%)

 

 

 

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