MIRA INFORM REPORT
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Report Date : |
03.08.2011 |
IDENTIFICATION DETAILS
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Name : |
NL STORES INC |
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Registered Office : |
Av. Campo Rico, Edificio Koda, Ste 246, San Juan |
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Country : |
Puerto Rico |
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Year of Establishment : |
1991 |
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Legal Form : |
Incorporation |
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Line of Business : |
Wholesale and retail sales of
articles hardware |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Puerto Rico |
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 |
Registered
Name
NL STORES INC
" NATIONAL LUMBER & HARDWARE "
Summary
INCORPORATED IN 1991. BEGINNER OF ACTIVITIES. ACCOUNTING INFORMATION IS
NOT PROVIDED TO THIRD PARTIES. NO NEGATIVE. FIT FOR MODERATE CREDITS WITH ADDITIONAL
GUARANTEES.
Operations
> ARTICLES HARDWARE
> WHOLESALE AND RETAIL SALES
Legal
Structure
Legal form:
Incorporation
Created: 1991
Duration: Unlimited
End of fiscal year: 31
December
Contact
Operative address; Av.
Campo Rico, Edificio Koda, Ste 246, San Juan, Puerto Rico.
Phone:(1-787)641-8200
Partners
> PRESIDENT
ISRAEL KOPEL
> SECRETARY
JOSE DE LA MORA
Use of firm name; by the first of the above in character to the legal
representative of the company .-
History
In 1991, the company is dedicated to the marketing
of hardware products. is a member
of GRUPO PITUSA, with operational headquarters in Puerto Rico.
Economic-Financial
Position
In spite of our attemps
to get accounting information, we were not able to contact a person who could
supply figures or a copy of an updated balance sheet so, we can say nothing
about its present investments in its businesses.
Anyway, it is important to keep in mind that it is one of the most important
companies in this country.
Assets
* REAL ESTATE:
--------------
They do not declare the possession of properties that increase it networth in
this country.
The premises occupied are property of DOWNTOWN DEVELOPMENT.
Parent/Related
Companies
> EMPRESAS PITUSA
INC
> DOWNTOWN DEVELOPMENT CORPORATION INC
Evolution
and Results
Company dedicated to
the marketing of goods in general hardware stores.
It has 4 shops showroom.
Integrated the GRUPO PITUSA, now the Group have in total 8000 employees.
FOREIGN TRADE:
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In the last twelve months it has carried out imports from the following
countries:
- CHINE
- U.S.A.
Commercial development is good and prospects.
* 120 Employees
Branches
Locals sales:
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> Bayamon
> Cabo Rojo
> Guayama
> Cupey
Payment
Record and Credit Risk
> POPULAR DE PUERTO
RICO
* INSURANCE:
------------
> MAPFRE INC
Concept
The most of its
operations are made with companies of the same group so, in the local sector,
it is not known as credit user.
Because of that, it is not possible to determine its payment behaviour. But in
our database there are no negative records that could affect its commercial
concept.
* WITHOUT OBJECTIONS.
Final
Opinion
Keeping in mind that
the holder is part of one of the most powerful groups in its sector, we
understand that it is feasible its credit treatment, for amounts moderate and
with additional guarantees.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.23 |
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UK Pound |
1 |
Rs.72.09 |
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Euro |
1 |
Rs.62.99 |
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.