|
Report Date : |
26.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
MULTI RICH HOME DECORS INC. |
|
|
|
|
Registered Office : |
181 10th Avenue Corner A. Del
Mundo Street, Caloocan City 1400 |
|
|
|
|
Country : |
Philippines |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
22.01.1993 |
|
|
|
|
Com. Reg. No.: |
ASO93-000491 |
|
|
|
|
Legal Form : |
Corporation |
|
|
|
|
Line of Business : |
Trader of general construction materials. |
|
|
|
|
No. of Employees : |
About 20 Employees |
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) |
|
Philippines |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Company
Name: |
Multi Rich Home Decors
Inc. |
|
Supplied
Name: |
Multirich Home Decor Inc |
|
Trading Address: |
181 10th Avenue Corner A. Del Mundo Street,
Caloocan City 1400, Philippines. |
|
Supplied
Address: |
Kalookan City Philippines |
|
Telephone
Number: |
+63 02 361-1619 |
|
Fax Number: |
+63 02 361-3975 |
Note:
The accurate name is shown as above.
The supplied address cannot be confirmed; the current and correct one is
shown as above.
|
Company
Name: |
Multi Rich Home Decors Inc. |
|
Registered
Number: |
ASO93-000491 |
|
Legal Form: |
Corporation |
|
Date
Incorporated: |
|
|
Authorized
Capital Stock: |
PHP 2,000,000.00 (USD
46,700) (As of 2012.4, 1
PHP = 0.02335 USD) |
|
Subscribed
Capital Stock: |
PHP
1,750,000.00; USD 40,862.5 |
|
Paid-up Capital: |
PHP 250,000.00;
USD 5,837.5 |
|
Par Value Per
Share: |
PHP 10.00 |
|
Listed at Stock
Exchange: |
No |
|
Staff: |
About 20
Employees |
Note:
Amounts in Philippine Peso unless otherwise
specified.
About 20 including administrative, sales and
other support personnel (per our available report dated September 6, 2011)
CORPORATION
Verification with the local registry revealed the following correct registration
details as of (April 24, 2012).
Company Background
|
Regulatory Agency |
Date Registered |
Registration No. |
Term |
|
Securities
and Exchange Commission |
|
ASO93-000491 |
50 years |
Annual Meeting Date: 12/31/2010
|
Type |
Amount |
as of date |
|
Authorized Capital |
2,000,000.00 |
|
|
Paid Up Capital |
250,000.00 |
|
|
Subscribed Capital |
1,750,000.00 |
|
|
Par Value |
10.00 |
|
Note:
Capital structure per latest available audited financial statements.
Stockholders (
|
NAME, NATIONALITY |
% SHARE |
as of date |
|
ANG, JOSEPH L. Filipino |
20 |
|
|
ANG, ELVIN GO Filipino |
20 |
|
|
ANG, JUANITA L. Filipino |
20 |
|
|
ANG, LEVI SY Filipino |
20 |
|
|
ANG, VICKY GO Filipino |
20 |
|
Note:
List of stockholders and their percentage of holdings per
latest available General Information Sheet.
Management (
|
Name |
Position |
as of date |
|
ANG, JOSEPH L. |
Chairman / President |
|
|
ANG, ELVIN GO 181 10th Avenue, Del Mundo
St., Caloocan City |
Executive Vice President / Corporate Secretary / Director |
|
|
ANG, JUANITA L. |
Treasurer / Director |
|
|
ANG, LEVI SY |
Director |
|
|
ANG, VICKY GO |
Director |
|
Note:
List of officers per latest available General Information Sheet.
Activities
|
|
Trader of
general construction materials. |
Premises
|
|
Located at the
above address. |
Unit: PHP
|
Date |
2009-12-31 |
|
TotalCurrentAssets |
5,084,562.19 |
|
Cash |
645,811.49 |
|
ShortInvest |
0.00 |
|
Receivable |
0.00 |
|
Inventory |
4,438,750.70 |
|
OtherCurrentAssets |
0.00 |
|
LongInvestTotal |
0.00 |
|
LongInvestSecurity |
0.00 |
|
LongInvestEquity |
0.00 |
|
LongInvestOther |
0.00 |
|
FixedAssetsTotal |
0.00 |
|
FixedAssets |
0.00 |
|
DepreciationTotal |
0.00 |
|
IntangibleAssets |
0.00 |
|
OtherAssets |
0.00 |
|
TotalAssets |
5,084,562.19 |
|
TotalCurrentDebt |
1,372,027.82 |
|
ShortLoan |
0.00 |
|
AccountsPayable |
1,372,027.82 |
|
OtherCurrentLiability |
0.00 |
|
LongLiabilityTotal |
0.00 |
|
LongLeases |
0.00 |
|
LongLoan |
0.00 |
|
LongLoanOther |
0.00 |
|
TotalLiability |
1,372,027.82 |
|
TotalEquity |
3,712,534.37 |
|
ShareCapital |
0.00 |
|
CapitalPaid |
250,000.00 |
|
LegalReserve |
0.00 |
|
SurplusReserve |
0.00 |
|
UndistributedProfit |
0.00 |
|
RetainedEarning |
3,462,534.37 |
|
OtherEquity |
0.00 |
|
TotalLiabilityAndEquity |
5,084,562.19 |
Unit: PHP
|
Date |
2009 |
|
OperatingRevenue |
0.00 |
|
SalesRevenue |
40,479,504.44 |
|
InterestRevenue |
0.00 |
|
OtherRevenue |
0.00 |
|
TotalRevenue |
40,479,504.44 |
|
SalesCost |
36,843,043.93 |
|
GrossProfit |
3,636,460.51 |
|
SalesExpenses |
0.00 |
|
ManagementExpenses |
2,737,166.25 |
|
FinancialExpenses |
0.00 |
|
TotalExpenses |
39,580,210.18 |
|
OperatingProfit |
899,294.26 |
|
NonOperatingProfit |
0.00 |
|
ProfitBeforeTax |
899,294.26 |
|
Tax |
283,919.02 |
|
NetProfit |
615,375.24 |
|
Date |
2009 |
|
OperatingNetCash |
0.00 |
|
InvestmentNetCash |
0.00 |
|
FinanceNetCash |
0.00 |
Note:
The latest financial statement is not available.
No dealings based on
credit exposure report with one million and above dealings under the name
“MULTI RICH HOME DECORS INC.” as of December 31, 2011.
No negative
records (court cases, credit cards cancelled and delinquent accounts) found
under the name “MULTI RICH HOME DECORS INC.” in our available database as of
April 24, 2012.
Above information
were based on the subject’s 2011 General Information Sheet, the latest
available at the Securities and Exchange Commission and our available
databases.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.49 |
|
UK Pound |
1 |
Rs.84.66 |
|
Euro |
1 |
Rs.69.25 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.