MIRA INFORM REPORT

Report No. :	332784
Report Date :	29.07.2015

IDENTIFICATION DETAILS

Name :	ACE PRINTERY FED TRADERS LTD
Registered Office :	34-36 Pasea Main Road, Tunapuna
Country :	Trinidad and Tobago
Year of Establishment :	1956
Legal Form :	Limited Company
Line of Business :	Subject is engaged in distributions of pens, stationery, gift bags, wedding supplies
No. of Employee :	50

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 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
Trinidad and Tobago	A2	A2

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

TRINIDAD AND 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 2009-2012 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

STATUTORY INFORMATION
Legal Name:	ACE PRINTERY FED TRADERS LTD
Trade Name:	ACE PRINTERY FED - TRADERS
ID:	104864
Date Created:	1956
Date Incorporated:	13/01/1999
Legal Address:	34-36 PASEA MAIN ROAD, TUNAPUNA TRINIDAD AND TOBAGO
Operative Address:	34-36 PASEA MAIN ROAD, TUNAPUNA TRINIDAD AND TOBAGO
Telephone:	868-663-2152
Fax:	868-663-2273
Legal Form:	Limited Company
Email:	aceprintery@gmail.com
Registered in:	T&T
Website:	www.aceprintery.com
Contact:	Rajesh Ramdhan, Director
Staff:	50
Activity:	Distributions of Pens, Stationery, Gift bags, Wedding Supplies
BANKS
Central Bank of Trinidad and Tobago
The company does not make its banking data public
History:
Ace Printery Fed-Traders Limited was born fifty nine years ago, opening its doors in 1956 as a sole proprietorship and eventually diverging into two entities, Ace Printery and Federated Traders. In 1981 both were merged to form the company known today as Ace Printery Fed-Traders Limited.
PRINCIPAL ACTIVITY
ACE Printery Fed-Traders limited is a service printing facility providing print-ware from pre-printed greeting cards to commercial printing solutions. In addition they also carry a comprehensive line of stationery, pads and office and school items.
Products/Services description:	Wedding Invitations
	Bags and Boxes
	Ribbons and Bows
	Bookmarks
	Gift Wrap Paper
	Calendars
	Pens
	Gift Bags
	Balloons
	Arts and Crafts
	School Supplies
	Gift Tags
	Commercial Printing
Brands:	NEPTUNE
	STRIKER
Sales are:	Retail and Wholesale
Clients:	General clients, Libraries
Suppliers:	SEAN SOOKNANAN
	Canada
Operations area:	National
The company imports from	Canada
The company exports to	No exports
The subject employs	50 employees
Payments:	No Complaints
LOCATION
Headquarters :	34-36 PASEA MAIN ROAD, TUNAPUNA TRINIDAD AND TOBAGO
Branches:	The company does not have branches
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	NA
Shareholders:	This is a pivate company. Major holder is Rajesh Ramdhan.
Management:	Rajesh Ramdhan, Director
	Rajhdeo Ramdhan, CEO
Related Companies:	There are no related companies
FINANCIAL INFORMATION
This is a private company which does not make its financial figures public. The following information has been provided by our private sources.
USD 2013
Revenue	5 000 000
LEGAL FILINGS
There are no legal filed for the subject
SUMMARY
ACE Printery Fed-Traders limited is a service printing facility providing print-ware from pre-printed greeting cards to commercial printing solutions.
The company has more han 50 years of experience in the industry and a médium sized structure.
There are no negative records connected to the subject.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	No Complaints
CASH FLOW	Normal
STATUS	Active
INTERVIEW
NAME	NA
POSITION	Administrative
COMMENTS	She confirmed owner and refused to provide further information on the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.64.03
UK Pound	1	Rs.99.72
Euro	1	Rs.70.88

INFORMATION DETAILS

Analysis Done by :	KAS
Report Prepared by :	ASH

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%)

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