MIRA
INFORM REPORT
|
Report Date : |
10.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
PACKAGING SOLUTIONS INC |
|
|
|
|
Registered Office : |
Legal And Operative
Address; Road 174 Km.
5.2 Barrio Guaraguao En Bayamon |
|
|
|
|
Country : |
Puerto Rico |
|
|
|
|
Date of Incorporation : |
1972 |
|
|
|
|
Legal Form : |
Society Incorporated |
|
|
|
|
Line of Business : |
Manufacturing And Sale Of
Plastic Packaging Supplies |
|
|
|
|
No. of Employees : |
75 Employees. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
U$S 850.000 |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Puerto Rico |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Registered Name
PACKAGING SOLUTIONS INC
EMPLOYERS SOCIAL SECURITY
660547540
Summary
SOCIETY INCORPORATED. CREATED
IN 1972. NOT PROVIDED FINANCIAL INFORMATION TO THIRD PARTIES. NORMAL OPERATING. NOT REGISTERED NEGATIVE. APT FOR NEW CREDITS.
Operations
MANUFACTURING AND SALE OF PLASTIC
PACKAGING SUPPLIES
Legal Structure
LEGAL FORM: SOCIETY INCORPORATED
CREATED: 1972
DURATION: UNLIMITED
END OF FISCAL YEAR: 30 SEPTEMBER
Contact
ACCOUNTANT: ELIZABETH VAZQUEZ
LEGAL AND OPERATIVE ADDRESS; ROAD 174
KM. 5.2 BARRIO GUARAGUAO EN BAYAMON,
PUERTO RICO.
PHONE. 1.787.622.7225 FAX.
1.787.622.7247 E-mail: moyet@flepack.com
Partners
PRESIDENT: OLGA CASELLAS
GENERAL MANAGER CARLOS ANTONIO
CASELLAS
Those with the use of the
corporate signature.
History
Activities were launched during
the year 1972, having begun operations which are now part of the Board who will
also oversee the activities.
InfoGroup - Informe Comercial
Page 2 of 3
This relationed with the company:
FLEXIBLE PACKAGING COMPANY INC.
Economic-Financial Position
Accountant Elizabeth Vazquez provided general
figures:
TOTAL ASSETS....................U$S 15.000.000
TOTAL LIABILITIES...............U$S 11.000.000
TOTAL NET WORTH.................U$S 4.000.000
TOTAL LIABILITIES...............U$S 15.000.000
NETAS...........................U$S 12.000.000
SALDO FINAL.....................U$S 1.200.000
Assets
10 VEHICLES OF DIFFERENT
BRANDS AND MODELS PROPERTY ALSO AWARDED THE TITLE
Parent/Related Companies
Flexible Packaging
2519 Data Drive Louisville, KY
40299 Phone (502) 491-3500 Fax (502) 491-3519
Commercial References Consulted
KLCKNER PENTAPLAST LLC U.S.A.
PRIMEX CORPORATION USA
Indicate that a good company that
canceled the obligations under normal terms. payments to 45 and 90 days.
Credits used to u$s 60.000.-
Evolution and Results
MANUFACTURING AND SALE OF PLASTIC
ARTICLES FOR PACKAGING.
Decuadas instalacione occupy well
presented.
They import from USA, CHINA,
KOREA, INDIA, DOMINICAN REPUBLIC. Exported to Italy, USA, COSTA RICA,
DOMINICAN, ETC.
Collaborate 75 employees. They
cover the whole country.
The overall business development
is normal and the benefits obtained are considered optimal. -
* 75 EMPLOYEES.
Payment Record and Credit Risk
BANCO POPULAR DE PUERTO RICO.
BRANCH BAYAMON
Concept
It is related to firms providing
crediticiamente place which we are giving credit for various sums.
The concretion of normal
operations has not registering record that may affect their image.
* PROCEED GOOD TRADE.
Final Opinion
Thus we come to the conclusion that
Mr. subscriber can have it in mind
for future credit operations, in
amounts of moderate importance to the guarantees necessary to ensure the
operation to achieve.
* SUITABLE FOR CREDITS
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.28 |
|
|
1 |
Rs.78.09 |
|
Euro |
1 |
Rs.65.58 |
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.