|
Report No. : |
303381 |
|
Report Date : |
27.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
SANDRO C A |
|
|
|
|
Registered Office : |
Boulevard Guevara, entre Calles Velásquez y San Nicolás, Nº9-39,
Porlamar, Isla de Margarita |
|
|
|
|
Country : |
Venezuela |
|
|
|
|
Year of Establishments : |
1978 |
|
|
|
|
Legal Form : |
Compañía Anónima |
|
|
|
|
Line of Business : |
Engaged in Purchase, Sale, Importation, Distribution and Commercialization; wholesale and retail of Mass Consumer Products, including Alcoholic Beverages and Groceries. Merchandise showed consists of items of clothing for ladies, specially, Indian-style. |
|
|
|
|
No of Employees
: |
10 |
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 : |
Slow but Correct |
|
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) |
|
Venezuela |
c1 |
c1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Venezuela ECONOMIC OVERVIEW
Venezuela remains highly dependent on oil revenues, which account for roughly 96% of export earnings, about 45% of budget revenues, and around 12% of GDP. Fueled by high oil prices, pre-election government spending helped spur GDP growth in 2012 to 5.6%. Government spending, minimum wage hikes, and improved access to domestic credit created an increase in consumption which combined with supply problems to cause higher inflation - roughly 20% in 2012 and rising to more than 56% in 2013. Former President Hugo CHAVEZ's efforts to increase the government's control of the economy by nationalizing firms in the agribusiness, financial, construction, oil, and steel sectors hurt the private investment environment, reduced productive capacity, and slowed non-petroleum exports. In 2013, Venezuela continued to wrestle with housing and electricity crises, and rolling food and goods shortages, resulting from the government's unorthodox economic policies. The budget deficit for the public sector reached 17% of GDP in 2012 and was trimmed to under 10% of GDP in 2013. The Venezuelan government has maintained a regime of strict currency exchange controls since 2003. Venezuelan law now sanctions a three-tiered exchange rate system, with rates based on the government's import priorities.
|
Source : CIA |
|
Legal Name: |
SANDRO C A |
|
Trade Name: |
SANDRO C A |
|
RIF: |
J-06511951-9 |
|
Date Created: |
1978 |
|
Date
Incorporated: |
31/05/1905 |
|
Legal
Address: |
Blvard Guevara 9-39 |
Porlamar, Nueva Esparta, Venezuela |
|
Operative
Address: |
Blvard Guevara 9-39 |
Porlamar, Nueva Esparta, Venezuela |
|
Registered
Address |
Boulevard Guevara, entre Calles Velásquez y San Nicolás, Nº9-39,
Porlamar, Isla de Margarita |
|
Telephone: |
(0295) 2631889 |
|
Fax: |
(0295) 2631889 |
|
Legal Form: |
Compañía Anónima |
|
Email: |
NA |
|
Registered
in: |
Veezuela |
|
Website: |
No website |
|
Manager: |
Sandro Hammoud |
|
Staff: |
10 |
|
Activity: |
Engaged in Purchase, Sale, Importation, Distribution and Commercialization; wholesale and retail of Mass Consumer Products, including Alcoholic Beverages and Groceries. Merchandise showed consists of items of clothing for ladies,
specially, Indian-style. |
|
BANKS |
|
|
|
Banco de Venezuela |
|
|
The company does not make its banking data public |
|
HISTORY |
|
|
|
The company stated business in 1978 |
|
PRINCIPAL ACTIVITY |
Engaged in Purchase, Sale, Importation, Distribution and Commercialization; wholesale and retail of Mass Consumer Products, including Alcoholic Beverages and Groceries. Merchandise showed consists of items of clothing for ladies,
specially, Indian-style. |
|
Brands: |
NA |
|
Sales are: |
Retail and Wholesale |
|
Clients: |
General Clientele |
|
Suppliers: |
NANCY KRAFTS PVT., LTD. |
|
Operations area: |
Local |
|
The company imports from |
India |
|
The company exports to |
No exports |
|
The subject employs |
10 employees |
|
Payments: |
Slow but Correct |
|
|
|
|
LOCATION |
|
|
Headquarters : |
Blvard Guevara 9-39 | Porlamar, Nueva Esparta, Venezuela
(Strategically located in a Shopping Center) |
|
Branches: |
The company does not have branches |
|
Industry: |
|
|
GROUP STRUCTURE AND SUBSIDIARY COMPANIES |
|
|
Listed at the stock exchange: |
NO |
|
Capital: |
NA |
|
Shareholders %: |
This is a private company. It was founded by its
current owner Sandro Hammoud. |
|
Management: |
Sandro Hammoud, Owner |
|
Related Companies: |
No subsidiary companies |
|
FINANCIAL INFORMATION |
|
|
|
The following information was provided by the
company owner. |
|
|
|
|
2013 |
|
|
Revenue |
800 000 |
|
Cash Flow |
Medium |
|
|
The owner of the company confirmed that they have
always had revenues of USD 1 000 000 -2 000 000. However, sales have been
decreasing in the last years. He thinks they will increase again promptly. |
|
LEGAL FILINGS |
|
|
|
There are no legal connected to the subject. |
|
SUMMARY |
|
|
|
Engaged in Purchase, Sale, Importation, Distribution and Commercialization; wholesale and retail of Mass Consumer Products, including Alcoholic Beverages and Groceries. Merchandise showed consists of items of clothing for ladies,
specially, Indian-style.
|
|
|
|
|
RISK INFORMATION |
|
|
|
|
|
DEBTS |
Controlled |
|
PAYMENTS |
Slow but Correct |
|
CASH FLOW |
Medium |
|
STATUS |
Active |
|
|
|
|
ENTERVIEW |
|
|
NAME |
Sandro Hammoud |
|
POSITION |
Owner |
|
COMMENTS |
He confirmed all information included in the report. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.50 |
|
UK Pound |
1 |
Rs.92.16 |
|
Euro |
1 |
Rs.69.62 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.