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Report No. : |
333417 |
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Report Date : |
25.07.2015 |
IDENTIFICATION DETAILS
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Name : |
VINCI IMPORT & EXPORT |
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Registered Office : |
31,Route De Mais Gate A Cote De Pax, Vill Port-Au-Price |
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Country : |
Haiti |
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Date of Incorporation : |
Not Available |
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Legal Form : |
Not Available |
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Line of Business : |
Import Industry |
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No. of Employees : |
1 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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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 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Haiti |
B2 |
B2 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
HAITI - ECONOMIC
OVERVIEW
Haiti is a free market economy that enjoys the advantages of low labor costs and tariff-free access to the US for many of its exports. Poverty, corruption, vulnerability to natural disasters, and low levels of education for much of the population are among Haiti's most serious impediments to economic growth. Haiti's economy suffered a severe setback in January 2010 when a 7.0 magnitude earthquake destroyed much of its capital city, Port-au-Prince, and neighboring areas. Currently the poorest country in the Western Hemisphere with 80% of the population living under the poverty line and 54% in abject poverty, the earthquake further inflicted $7.8 billion in damage and caused the country's GDP to contract. In 2011, the Haitian economy began recovering from the earthquake. However, two hurricanes adversely affected agricultural output and the low public capital spending slowed the recovery in 2012. Two-fifths of all Haitians depend on the agricultural sector, mainly small-scale subsistence farming, and remain vulnerable to damage from frequent natural disasters, exacerbated by the country's widespread deforestation. US economic engagement under the Caribbean Basin Trade Preference Agreement (CBTPA) and the 2008 Haitian Hemispheric Opportunity through Partnership Encouragement (HOPE II) Act helped increase apparel exports and investment by providing duty-free access to the US. Congress voted in 2010 to extend the CBTPA and HOPE II until 2020 under the Haiti Economic Lift Program (HELP) Act; the apparel sector accounts for about 90% of Haitian exports and nearly one-twentieth of GDP. Remittances are the primary source of foreign exchange, equaling one-fifth of GDP and representing more than five times the earnings from exports in 2012. Haiti suffers from a lack of investment, partly because of weak infrastructure such as access to electricity. Haiti's outstanding external debt was cancelled by donor countries following the 2010 earthquake, but has since risen to $1.43 billion as of December 2014. The government relies on formal international economic assistance for fiscal sustainability, with over half of its annual budget coming from outside sources.
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Source
: CIA |
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Legal Name: |
Vinci Import & Export |
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Trade Name: |
VINCI IM-EXP |
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ID: |
NA |
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Date Created: |
NA |
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Date Incorporated: |
NA |
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Legal Address: |
31,ROUTE DE MAIS GATE A COTE DE PAX, VILL
PORT-AU-PRICE,HAITI |
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Operative Address: |
31,ROUTE DE MAIS GATE A COTE DE PAX, VILL
PORT-AU-PRICE,HAITI |
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Telephone: |
(509)2813-7070/3798-2020 |
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Fax: |
NA |
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Legal Form: |
NA |
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Email: |
NA |
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Registered in: |
Haiti |
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Website: |
NA |
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Contact: |
MIE KETTLIE PAUL |
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Staff: |
1 |
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Activity: |
Import Industry |
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BANKS |
Central Bank of Haiti |
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The company does not make its banking data public |
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NA |
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We have not found Vinci Imp - Exp (nf) as being an
incorporated company in Haiti. There are import/export of Vinci Imp - Exp (nf) as an active business. However, the Company is not listed with the Haiti Chamber
of Commerce. Not listed with the yellow pages. Not listed with the major credit bureaus. |
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Products/Services description: |
NA |
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Brands: |
NA |
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Sales are: |
NA |
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Clients: |
NA |
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Suppliers: |
CHANGZHOU JOSEPH INTERNATIONAL India USA India India |
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Operations area: |
NA |
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The company imports from |
USA, India, China |
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The company exports to |
NA |
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The subject employs |
NA |
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Payments: |
NA |
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Headquarters : |
31,ROUTE DE MAIS GATE A COTE DE PAX, VILL
PORT-AU-PRICE,HAITI |
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Branches: |
There are no branches for the subject |
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Industry: |
NA |
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Listed at the stock exchange: |
NO |
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Capital: |
NA |
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Shareholders: |
NA |
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Management: |
MIE KETTLIE PAUL |
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Related Companies: |
NA |
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This is a private company which does not make its
financial figures public. |
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There are no financial figures connected to the subject |
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There are no legal filed for the subject |
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Despite our long searches we were unable to locate more
information through outside sources of the Company. Please provide us with further information such as another
telephone numbers or email address in order to pursue the
investigation. |
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DEBTS |
NA |
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PAYMENTS |
NA |
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CASH FLOW |
NA |
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SUGGESTED CREDIT LINE |
Guarantees |
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STATUS |
NA |
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INTERVIEW |
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NAME |
NA |
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POSITION |
NA |
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COMMENTS |
We called several times at the telephone numbers
obtained, however; the one provided in the order is not active and when trying
to contact the 2nd telephone number obtained, we received no answer. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.489 |
|
UK Pound |
1 |
Rs.99.10 |
|
Euro |
1 |
Rs.70.12 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
|
|
Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
|
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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 |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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|
-- |
NB |
New Business |
-- |
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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.