|
Report No. : |
303242 |
|
Report Date : |
23.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
WHOLESALE LIQUIDATORS LTD. |
|
|
|
|
Registered Office : |
488 B Southern Main Road Rousillac |
|
|
|
|
Country : |
Trinidad & Tobago |
|
|
|
|
Date of Incorporation : |
28.05.2003 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Engaged in import and sale of clothes items such Underwear & garments |
|
|
|
|
No of Employees : |
Not Available [We tried to confirm the number of employees but no one is ready to
part any information from the company management.] |
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 : |
Struck off |
|
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
Trinidad & Tobago |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Trinidad & Tobago
ECONOMIC OVERVIEW
Trinidad and Tobago attracts
considerable foreign direct investment from international businesses,
particularly in energy, and has one of the highest per capita incomes in Latin
America. Economic growth between 2000 and 2007 averaged slightly over 8% per
year, 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. 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. The current administration has been
working to arrest this decline by opening bid rounds and providing fiscal
incentives for investments in on-shore and deep water acreage to boost oil
reserves and production. The government keeps a close watch on the changing
global gas markets and has shown flexibility in diversifying natural gas export
destinations. 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 |
|
Legal Name: |
WHOLESALE LIQUIDATORS
LTD. |
|
Trade Name: |
Wholesale
Liquidators |
|
ID: |
1116344 |
|
Date Created: |
2003 |
|
Date
Incorporated: |
2003-05-28 |
|
Legal
Address: |
488 B SOUTHERN MAIN ROAD ROUSILLAC ,TRINIDAD & TOBAGO |
|
Operative
Address: |
488 B SOUTHERN MAIN ROAD ROUSILLAC ,TRINIDAD & TOBAGO |
|
Telephone: |
(868) 653-8446 |
|
Fax: |
(868) 653-4379 |
|
Legal Form: |
Private Company |
|
Email: |
NA |
|
Registered
in: |
Trinidad & Tobago |
|
Website: |
No website |
|
Manager: |
NA |
|
Staff: |
NA |
|
Activity: |
Engaged in import
and sale of clothes items such Underwear & garments |
|
BANKS |
Central Bank of Trinidad and Tobago |
|
|
The company does not make public its banking details |
|
HISTORY |
|
|
|
The company started business in 2003. |
|
|
The current status of the company is STRUCK OFF |
|
PRINCIPAL
ACTIVITY |
The company would be involved in the import and sale of
clothes items such Underwear
& garments |
|
Brands: |
NA |
|
Sales are: |
Wholesale |
|
Clients: |
Stores |
|
Suppliers: |
Crown Cash & Carry |
|
Operations
area: |
National |
|
The company
imports from |
India and
South Africa |
|
The company
exports to |
No exports |
|
The subject
employs |
NA |
|
Payments: |
Unknown |
|
|
|
|
LOCATION |
|
|
Headquarters
: |
488 B SOUTHERN MAIN ROAD ROUSILLAC ,TRINIDAD & TOBAGO |
|
Branches: |
The company does not have branches |
|
|
|
|
|
|
|
GROUP STRUCTURE AND SUBSIDIARY
COMPANIES |
|
|
Listed at the stock exchange: |
NO |
|
Capital: |
NA |
|
Shareholders
%: |
NA |
|
Management: |
NA |
|
Related
Companies: |
NA |
|
FINANCIAL
INFORMATION |
|
|
|
This is a private company which does not make its
financial figures public. |
|
|
There are no financial connected to the subject |
|
LEGAL FILINGS |
|
|
|
There are no legal connected to the subject. |
|
SUMMARY |
|
|
|
WHOLESALE LIQUIDATORS LTD. is a company registered in
trinidad & Tobago which dedicates to the import and wholesale of clothes
items. |
|
RISK
INFORMATION |
|
|
|
|
|
DEBTS |
Controlled |
|
PAYMENTS |
Unknown |
|
CASH FLOW |
Normal |
|
SUGGESTED
CREDIT LINE |
Guarantees |
|
STATUS |
STRUCK
OFF |
|
|
|
|
ENTERVIEW |
|
|
NAME |
NA |
|
POSITION |
NA |
|
COMMENTS |
We called the company several times but received no answer |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.69 |
|
UK Pound |
1 |
Rs.93.33 |
|
Euro |
1 |
Rs.71.49 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MNL |
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.