MIRA INFORM REPORT

 

 

Report Date :

27.08.2012

 

IDENTIFICATION DETAILS

 

Name :

TILE EXPRESSION LIMITED

 

 

Registered Office :

LP#85 Corner Saleen Avenue Munroe Road Cunupia

 

 

Country :

Trinidad

 

 

Date of Incorporation :

20.08.2009

 

 

Com. Reg. No.:

1390938

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Engages as a Ceramic retailer

 

 

No. of Employees :

20

 

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Trinidad

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

GEOPOLITICS - TRINIDAD AND TOBAGO

POLITICAL DATA

ECONOMIC DATA

Form of Government: Parliamentary system


Economic Risk: Low

Currency: 100.00 TTD = 15.5521 USD

Branch Situation:Stable

 

 

IDENTIFICATION

 

Ordered as:

TILE EXPRESSION LIMITED

Address in the order:

Cnr Salmmer Ave & Munroe

Charlieville Chaguanas

Trinidad And Tobago

 

 

Legal Name:

TILE EXPRESSION LIMITED

 

 

Legal Address

LP#85 Corner Saleen Avenue Munroe Road Cunupia, Trinidad

Operative Address

LP#85 Corner Saleen Avenue Munroe Road Cunupia, Trinidad

Telephone:

(868) 639-0015

Registration Number :

1390938

Fax:

(868) 639-1528

Legal Form:

Limited Company

Email:

tileexpressionlimited@gmail.com / tileexpressionltd@hotmail.com

Registered in:

Trinidad and Tobago

Website:

NA

Date Created:

August 20 th, 2009

Manager:

Vonney Roberts, Director

Date Incorporated:

August 20 th, 2009

Staff:

20

Stock:

NA

 

 

Value:

NA

Activity:

Ceramic retailer

 

 

BANKS

 

Name of the Bank

SCOTIA BANK

 

 

BUSINESS

 

HISTORY

 

The company was created in 2009

PRINCIPAL ACTIVITY

 

It engages as a Ceramic retailer

Products/Services description:

 

The company is a ceramic retail and accesories.

Sales are:

 

Retail

Clients:

 

General clientele

Suppliers:

 

We could not reach any representative who could provide us with the suppliers' names.

Operations area:

 

Local

The company imports from China, Brazil, USA.

The company does not export

Trade References:

 

A&M Intl Business

Brazil

boreli.export@uol.com.br.

55-11-8438-2743

Mr. Marco A. Borelli.

 

Intertile

Brazil

grosato@terra.com.br

(813) 260-5550

Mr. Giovanni Sorato

 

Tile Porcelain Ltd.

China.

fankilee@gmail.com

Mr. Franki Lee

0086-13435-453479

 

Comex Unigres Ltda.

Brazil.

comex@unigres.com.br

Mrs. Vivian Aurjo

(55) 19-2113-4745

Competitors:

 

T&Z Marketing Ltd / Classic Tiles

The subject employs 20 employee(s)

Comments on staff:

 

The staff number was not confirmed by the company.

PAYMENTS

 

regular

LOCATION

Headquarters

 

The company is headquartered at: LP#85 Corner Saleen Avenue Munroe Road Cunupia, Trinidad

Comments on location:

 

Headquarters and operative location.

Branches:

 

No branches have been found.

 

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

This is a private company.

 

Main shareholders are: Vonney Roberts, Javed Mohammed and Zulakha Mohamed Roberts.

Management:

 

Vonney Roberts, Director

Javed Mohammed, Director

Zulakha Mohamed Roberts, Director

Related Companies:

 

As Affiliated:

 

Tile Depot LTD

 

Mr. Vonney Roberts and Zulakha Mohamed Roberts are shareholders to this company.

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

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

We called the company during business hours but nobody would answer our calls.

Comments on the financial data: At this time, financial figures have not been released to our sources.

Legal Fillings

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

 

 

 

Rating

 

Local credit bureau gave a low credit rate.

 

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

 Final Opinion

 

This is a small sized Trinitian company, which employs 20 people and has 3 years of experience in the market.

 

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

 

Supplier relations are consolidated with those of the affiliated company, Tile Depot Ltd, which handles same operations and share the main shareholders.

 

It engages as a ceramic retailer.

 

We could not reach any representative from the staff.

 

Nevertheless, it appears as an "Active" business in the Trinitian registry.

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

N.A.

Public

NO

Indebtedness

N.A.

Payments

REGULAR

Cash

NORMAL

 

 

 

 

APPENDIX

 

Comments

 

We called the company during business hours but nobody would answer our calls.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.38

UK Pound

1

Rs.87.79

Euro

1

Rs.69.47

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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.