MIRA INFORM REPORT

 

 

Report Date :           

10.04.2012

 

IDENTIFICATION DETAILS

 

Name :

SANDRO C.A.

 

 

Registered Office :

Boulevard Guevara, entre Calles Velásquez y San Nicolás, Nº9-39, Porlamar, Isla de Margarita

 

 

Country :

Venezuela

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

14.10.1991

 

 

Com. Reg. No.:

Nº6603, Volume III

 

 

Legal Form :

Stock Company

 

 

Line of Business :

Purchase, Sale, Importation, Distribution and Commercialization; wholesale and retail of mass consumer products, including alcoholic beverages and groceries

 

 

No. of Employees :

03

 

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 :

No Complaints

 

 

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, 2012

 

Country Name

Previous Rating

                   (31.12.2011)                  

Current Rating

(31.03.2012)

Venezuela

b2

b2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

IDENTIFICATION

 

CORRECT COMPANY NAME

SANDRO C.A.

TAXPAYER REGISTRATION

RIF J-06511951-9

MAIN ADDRESS

Boulevard Guevara, entre Calles Velásquez y San Nicolás, Nº9-39

PROVINCE / DEPARTAMENT

Porlamar

STATE / REGION

Isla de Margarita

COUNTRY

VENEZUELA

TELEPHONE

(58295) 2631889

E-MAIL

sandroca78@yahoo.com

 

 

SUMMARY

 

Date of foundation

1991

Capital stock

BsF.500,000.= Bolívares

Shareholders' equity

218,080.00 Bolívares Fuertes (31DEC2010)

Annual revenues

US$ 724,761.63 Bolívares Fuertes (31DEC2010)

Profits (loss)

-470,921.00 Bolívares Fuertes (31DEC2010)

permanent employees

3 (as observed)

Chief Executive

HAMMOUD, MAAMOUN MAHMOUD

Disposition

Moderate.- Only some data and some figures.

Payments policy

(No payment experience traced)

Credit (**)

Risk is High. Secured credits and follow-up are recommended. Extended.

 

 

LEGAL BACKGROUNDS

 

LEGAL STATUS

Stock Company

DATE OF INCORPORATION

14OCT1991

PLACE OF REGISTRY

State of Nueva Esparta; Reg. of Companies II

DURATION

20 years as from 2011

REGISTRATION

Nº6603, Volume III

INITIAL CAPITAL

Bs.1,000,000 Bolívares

CURRENT PAID-IN CAPITAL

BsF.500,000.= Bolívares

LAST CAPITAL INCREASE

18/06/2010 (Nº61, Volume 33-A)

SHAREHOLDERS EQUITY

218,080.00 Bolívares Fuertes (31DEC2010)

CLASS OF SHARES

Registered

LISTED AT STOCK EXCHANGE

No

SHARE VALUE

BsF.1.00 Bolívar Fuerte

CURRENT EXCHANGE RATE (US$)

BsF.4.30 per USD.1.00

COMMENTS

 
The Board of Directors was appointed on April 25, 2007 for a period of five years.

 

DIRECTORS - EXECUTIVES – SHAREHOLDERS

 

 

 

FULL NAMES / COMPANY NAME

TITLE

%PART.

SINCE

HAMMOUD, MAAMOUN MAHMOUD

President

80%

 

HAMOUD DE HAMMOUD, SORAYA LOURDES

Shareholder

20%

 

 

WHO IS WHO?

 

HAMMOUD, MAAMOUN MAHMOUD

NATIONALITY

Venezuelan

ID

CI 14055158

 

 

 

 

HAMOUD DE HAMMOUD, SORAYA LOURDES

NATIONALITY

Venezuelan

ID

CI 14841104

 

BUSINESS

 

Main activity

 
Business Purpose:  Purchase, sale, importation, distribution and commercialization; wholesale and retail of mass consumer products, including alcoholic beverages and groceries.
 
Merchandise showed consists of items of clothing for ladies, specially, Indian-style.
  

SELLING TerritorY

Local market

EMPLOYEES

3 (as observed)

LOCATION

AREA

130 m2

OTHER PREMISES

 
Headquarters are located at the above address.  Premises are kept in good condition.
They are situated downtown Porlamar city, important tourist area, also known as Isla de Margarita, free port.

 

FINANCIAL INFORMATION

 

Interviewee(s)

OUTSIDE SOURCES

Disposition

Moderate.- Only some data and some figures.

Information provided

 
We talked to Samira González, Store Assistant, who said the owners had gone on vacation. Nevertheless, she consulted them and told us we should have to wait until the end of the month to talk directly to them.
Under such circumstances, we had to prepare this report based on the information collected from third-party sources where we found main accounts of the Balance Sheet for the Fiscal Year ended as of December 31, 2010, expressed in Bolívares Fuertes as follows:

 

BALANCE SHEET

Balance sheet date

31DEC2010

 

 

 

Type of balance sheet

Annual

 

 

 

Period

12 months

 

 

 

Currency

Bolívares Fuertes

 

 

 

Exchange rate per US$

4.3

 

 

 

A S S E T S

 

 

 

 

Current Assetsd

3,924,742.00

 

 

 

Fixed

171,824.00

 

 

 

Others

385.00

 

 

 

Total Assets

4,096,951.00

 

 

 

L I A B I L I T I E S

 

 

 

 

Bank/Suppliers

3,878,871.00

 

 

 

Current liabilities

3,878,871.00

 

 

 

Long term

0.00

 

 

 

TOTAL LIABILITIES

3,878,871.00

 

 

 

S H A R E H O L D E R S'  E Q U I T Y

 

 

 

 

Capital

500,000.00

 

 

 

Profits (Loss)

-281,920.00

 

 

 

Total shareholders equity

218,080.00

 

 

 

Total Liab. / Sh. equity

4,096,951.00

 

 

 

Sales

3,116,475.00

 

 

 

Profit (Loss)

-470,921.00

 

 

 

 

RATIO

 

Liquidity ratio

1.01

Current assets / Current liabilities

Debt-to-equity ratio

5.62 %

(Shareholders' equity / Current liabilities %)

Profitability margin

-15.11 %

(Profits / Sales %)

Working capital

45,871.00

(Current assets - Current liabilities)

Insurance Comments

 
Information unavailable.

 

PAYMENTS RECORD: TRADE REFERENCES

(Confidential Information)

 

CREDIT HISTORY

It was not possible to get the names of the suppliers this Company deals with, condition which prevents from determining its payment record.
 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.28

UK Pound

1

Rs.81.38

Euro

1

Rs.67.01

 

 

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.