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Report Date : |
03.02.2014 |
IDENTIFICATION DETAILS
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Name : |
SHAZAM ENTERPRISES & INVESTMENTS LIMITED |
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Registered Office : |
LP
#35 Caratal Road Gasparillo Trinidad West Indies |
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Country : |
Trinidad and Tobago |
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Date of Incorporation : |
29.01.1999 |
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Com. Reg. No.: |
106688 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
Dealer of household
appliances, hardware products such as pvc
pipes and fittings locks, water pumps, garden hoses |
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No of Employees : |
30 |
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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Trinidad and Tobago |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
TRINIDAD AND
TOBAGO - ECONOMIC OVERVIEW
Trinidad and Tobago has earned a
reputation as an excellent investment site for international businesses and has
one of the highest growth rates and per capita incomes in Latin America. Economic
growth between 2000 and 2007 averaged slightly over 8%, significantly above the
regional average of about 3.7% for that same period; however, GDP has slowed
down since then and contracted during 2009-2011 due to depressed natural gas
prices and changing markets. Growth had been fueled by investments in liquefied
natural gas, petrochemicals, and steel with additional upstream and downstream
investment planned. Trinidad and Tobago is the leading Caribbean producer of
oil and gas, and its economy is heavily dependent upon these resources but it
also supplies manufactured goods, notably food products and beverages, as well
as cement to the Caribbean region. Oil and gas account for about 40% of GDP and
80% of exports, but only 5% of employment. Oil production has declined over the
last decade as the country focused the majority of its efforts on natural gas.
However, declining reserves, lack of government investment in the sector, and
the changing global gas market raises concern for the long-term growth of the
country's energy sector. Although Trinidad and Tobago enjoys cheap electricity
from natural gas, the renewable energy sector has recently garnered increased
interest. The country is also a regional financial center with a well-regulated
and stable financial system. Other sectors the Government of Trinidad and
Tobago targeted for increased investment and projected growth include tourism,
agriculture, information and communications technology, and shipping. The
economy benefits from a growing trade surplus with the US. The US is Trinidad
and Tobago's leading trade partner. The previous MANNING administration
benefited from fiscal surpluses fueled by the dynamic export sector; however,
declines in oil and gas prices have reduced government revenues, challenging
the current government's commitment to maintaining high levels of public
investment. Crime and bureaucratic hurdles continue to be the biggest
deterrents for attracting more foreign direct investment and business.
|
Source
: CIA |
|
Registered Name: |
SHAZAM
ENTERPRISES & INVESTMENTS LIMITED |
|
Requested Name: |
SHAZAM ENTERPRISES AND INVESTMENT |
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Other Names: |
None |
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Physical Address: |
LP #35
Caratal Road Gasparillo Trinidad West Indies |
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Postal Address: |
Gasparillo
Trinidad West Indies |
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Country: |
Trinidad and Tobago |
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Phone: |
1-868-6503575/6580507 |
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Fax: |
1-868-6504837 |
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Email: |
shazament@tstt.net.tt |
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Website: |
None |
Financial Index as of
December 2013 shows subject firm with a medium risk of credit.
|
Legal Form: |
Limited Corporation |
|
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Date Incorporated: |
29-Jan-1999 |
|
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Reg. Number: |
106688 |
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Nominal Capital |
TTD.
100,000 |
|
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Subscribed Capital |
TTD.
100,000 |
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Subscribed Capital is Subscribed in the following form: |
||
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Position |
Shares |
|
Mr. Shazad Khan |
MD |
|
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Mr. Shazad Ali |
Director |
|
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None |
Parent company. |
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None |
Subsidiary company. |
|
None |
Affiliated company. |
|
None |
Shareholder of subject
firm. |
|
None |
Branches of the firm |
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Registered to operate as
dealers in household appliances, hardware products such as pvc pipes and fittings locks, water pumps,
garden hoses |
|
|
Imports: |
Asia, Middle East |
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Exports: |
None |
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Trademarks: |
None |
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Terms of sale: |
Cash (40%) and 25-90 days (60%), invoices. |
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|
|
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Main Customers: |
General public, firms and organizations |
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Employees: |
30 employees. |
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Vehicles: |
Several motor vehicles. |
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Territory of sales: |
Trinidad and Tobago |
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Location: |
Leased premises, 1,500 square feet, |
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Auditors: |
Information not
available. |
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Insurance Brokers: |
Information not
available. |
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Currency Reported: |
Trinidad and Tobago
Dollar (TTD.) |
|
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Approx. Ex. Rate: |
1 US Dollar = 6.41
Trinidad and Tobago Dollar |
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Fiscal Year End: |
December 31, 2013 |
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Inflation: |
According to information given by independent sources, the inflation
at December 31st, 2013 was of 13%. |
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Financial Information not
Submitted |
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|
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Profit and Loss
(expressed in TTD.) |
||
|
|
|
2013 |
|
Sales |
|
50,000,000 |
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Bank Name: |
First
National Bank |
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Branch: |
Trinidad
and Tobago |
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Comments: |
None |
|
Experiences: |
Good |
None
This information was
obtained from outside sources other than the subject company itself and
confirmed the above subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.47 |
|
|
1 |
Rs. 102.94 |
|
Euro |
1 |
Rs. 84.60 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
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.