MIRA INFORM REPORT

 

 

Report Date :

02.06.2012

 

IDENTIFICATION DETAILS

 

Name :

A AND L TRANSPORT AND TOURS LIMITED

 

 

Registered Office :

11 Dunrobin Ave Kingston 10

 

 

Country :

Jamaica

 

 

Year of Establishment :

1997

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Bus Charter Rental Services

 

 

No. of Employees :

4

 

 

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)

Jamaica

B2

B2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

 

GEOPOLITICS – JAMAICA

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Commonwealth Realm - Parliamentary system


Economic Risk: High

Currency: USD

Branch Situation:Medium

 

 

IDENTIFICATION

 

Comments on data supplied:

car rentals tours

Legal Name:

A AND L TRANSPORT AND TOURS LIMITED

 

 

Legal Address

11 Dunrobin Ave Kingston 10 Jamaica

Operative Address

11 Dunrobin Ave Kingston 10 Jamaica

Telephone:

876-931-9421

ID :

76378

Fax:

876-582-5856

Legal Form:

Limited Liability Company

Email:

N.A.

Registered in:

Jamaica

Website:

N.A.

Date Created:

1997

Manager:

limbo gomery, owner

Date Incorporated:

2008

Staff:

4

Stock:

N.A.

 

 

Value:

N.A.

Activity:

Bus Charter Rental Services

 

 

BANKS

 

Name of the Bank

Bank of Jamaica

 

BUSINESS

 

HISTORY

 

A & L TRANSPORT AND TOURS LIMITED, was created in

PRINCIPAL ACTIVITY

 

A & L Transport and Tours Ltd. is a company of TPDCO certified drivers who are your professional transportation solutions.

Products/Services description:

 

They offer chauffeur services in some of the most luxurious cars and SUV’s on the island. The pleasant services offered encompass event shuttles, tours, excursions, airport transfers and contracts. We can also meet your need if your preference is a small or large luxury bus or box truck. The service is offered 24 HRS and spans the entire island.

Sales are:

 

Retail

Clients:

 

Public in general

Operations area:

 

Local

The subject employs 4 employees

PAYMENTS

 

made cash

LOCATION

Headquarters

 

11 Dunrobin Ave Kingston 10 Jamaica

The property is:

 

Owned

 




Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

Mr. Limbo Gomery, is the company's sole owner.

Management:

 

Mr. Limbo Gomery, owner

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

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

 

We have contacted Mr. Limbo Gomery who provided us with the following data:

 

Currency

DATE

 

USD

2011

 

Turnover

500,000

 

The cash flow is

Normal

 

 

 

Legal Fillings

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

 

 

Rating

 

Local credit bureau gave a Normal credit rate.

 

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

 

 

 Final Opinion

 

A AND L TRANSPORT AND TOURS LIMITED, provides Bus Charter Rental Services, from their location in Jamaica.

 

 

We did not find any negative data or legal record against the company and based on our research.

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

N.A.

Public Records

NO

 

Indebtedness

N.A.

Payments

REGULAR

 

Cash

NORMAL

 

 

 

 

 

APPENDIX

 

Person Interviewed

 

Mr. Limbo Gomery

Position

 

Owner

Comments

 

Mr. Gomery, confirmed and provide us most of the information for this report.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.92

UK Pound

1

Rs.86.03

Euro

1

Rs.69.13

 

 

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.