MIRA INFORM REPORT

 

 

Report Date :

13.07.2012

 

IDENTIFICATION DETAILS

 

Name :

MOUNTAIN GLORY ENTERPRISES

 

 

Registered Office :

Room 316 3rd Floor, Regina Building, Escolta corner Burke Streets, Binondo 1006, Manila

 

 

Country :

Philippines

 

 

Date of Incorporation :

10.04.2008

 

 

Com. Reg. No.:

00403277

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Importer of general merchandise such as flour.

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

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)

Philippines

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

Company Details

 

Company Name:

MOUNTAIN GLORY ENTERPRISES

Supplied Name:

Mountain Glory Enterprises

Registered Address:

Room 316 3rd Floor, Regina Building, Escolta corner Burke Streets, Binondo 1006, Manila, Philippines

Supplied Address:

Room 316 Regina Buildingescolta Manila 1014 Philippines

Note:

The supplied address is incomplete, and the exact address is as above.

 

 

Company Identification Details

 

Registered Number:

00403277

Legal Form:

Sole Proprietorship

Date Incorporated:

2008-4-10

Registered Capital:

N/A

Listed at Stock Exchange:

No.

Staff:

N/A

Note:

Amounts in Philippine Peso unless otherwise specified.

The registered capital and staff number are not available from the subject or other sources.

 

 

History

 

Company Background

SOLE PROPRIETORSHIP

Verification with the local registry revealed the following correct registration details as of (July 10, 2012).

Regulatory Agency

Date Registered

Registration No.

Term

Department of Trade and Industry

2008-4-10

00403277

5 years

 

Owner

Owner:

Name:

CONCEPCION, LORETO ALIMPULOS

% of Shares:

100%

 

Management Information

 

Management:

Name:

CONCEPCION, LORETO ALIMPULOS

Position:

Registered Owner/General Manager

 

Operation

 

Activities

- Importer of general merchandise such as flour.

Premises

Location: Located at the capital address as above.

 

 

Financial Information

 

No financial statements are available. Single proprietorships are not required to file their financial statements with the Philippine Securities and Exchange Commission, which is our main source of information.

 

Likewise, none was provided by source citing confidentiality.

 

Bankers

 

No dealings based on credit exposure report with one million and above dealings under the names “MOUNTAIN GLORY ENTERPRISES / CONCEPCION, LORETO ALIMPULOS / CONCEPCION, LORETO” as of December 31, 2011.

 

Public

 

NEGATIVE RECORDS

 

No negative records (court cases, credit cards cancelled and delinquent accounts) found under the names “MOUNTAIN GLORY ENTERPRISES / CONCEPCION, LORETO ALIMPULOS” in  available database as of July 10, 2012.

 

However, please see attached search results (court cases) under a certain “CONCEPCION, LORETO” in available database as of July 10, 2012.

 

COURT CASES RESULTS - Found 4 Record(s)

        

  1.

  CONCEPCION LORETO ET AL

  

    Case Number: 417400  

    Courts: METROPOLITAN TRIAL COURT    

    Branch: 5  

    Case Type: SLANDER     

    Plaintiff Name: PEOPLE OF THE PHILIPPINES  

    Status: UNAVAILABLE  

    Date Filed: 4/7/2005  

    Action Date: NA  

    City: MANILA  

    

  2.

  CONCEPCION LORETO ET AL

  

    Case Number: 417402  

    Courts: METROPOLITAN TRIAL COURT    

    Branch: 5  

    Case Type: SLANDER  

    Plaintiff Name: PEOPLE OF THE PHILIPPINES  

    Status: UNAVAILABLE  

    Date Filed: 4/7/2005  

    Action Date: NA  

    City: MANILA       

  3.

  CONCEPCION LORETO ET AL

  

    Case Number: 417401  

    Courts: METROPOLITAN TRIAL COURT  

    Branch: 5  

    Case Type: SLANDER  

    Plaintiff Name: PEOPLE OF THE PHILIPPINES  

    Status: UNAVAILABLE  

    Date Filed: 4/7/2005  

    Action Date: NA  

    City: MANILA       

  4.

  CONCEPCION LORETO ET AL

  

    Case Number: 417403  

    Courts: METROPOLITAN TRIAL COURT    

    Branch: 5  

    Case Type: SLANDER     

    Plaintiff Name: PEOPLE OF THE PHILIPPINES  

    Status: UNAVAILABLE  

    Date Filed: 4/7/2005  

    Action Date: NA  

    City: MANILA  

 

Special Note

 

Above information were based on registration records with the Department of Trade and Industry and available databases.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.70

UK Pound

1

Rs.86.28

Euro

1

Rs.68.15

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.