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Report No. : |
346754 |
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Report Date : |
28.10.2015 |
IDENTIFICATION DETAILS
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Name : |
HANSCHELL INNISS LIMITED |
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Registered Office : |
Goddard Complex, Fontabelle, Bridgetown, St Michael |
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Country : |
Barbados |
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Date of Incorporation : |
1884 |
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Legal Form : |
Limited Company |
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Line of Business : |
Food Wholesale Industry. |
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No. of Employees : |
190 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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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.
BARBADOS - ECONOMIC OVERVIEW
Barbados is the wealthiest and most developed country in the
Eastern Caribbean and enjoys one of the highest per capita incomes in the
region. Historically, the Barbadian economy was dependent on sugarcane
cultivation and related activities. However, in recent years the economy has
diversified into light industry and tourism with about four-fifths of GDP and
of exports being attributed to services. Offshore finance and information
services are important foreign exchange earners and thrive from having the same
time zone as eastern US financial centers and a relatively highly educated
workforce. Barbados' tourism, financial services, and construction industries
have been hard hit since the onset of the global economic crisis in 2008.
Barbados' public debt-to-GDP ratio rose from 56% in 2008 to 90.5% in 2014.
Growth prospects are limited because of a weak tourism outlook and planned
austerity measures.
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Source
: CIA |
STATUTORY
INFORMATION
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Legal Name: |
HANSCHELL INNISS LIMITED |
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Trade Name: |
HANSCHELL INNISS LIMITED |
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ID: |
6915 |
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Date Created: |
1884 |
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Date Incorporated: |
06 March 1991 |
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Legal Address: |
Goddard Complex, Fontabelle Bridgetown, St Michael, Barbados |
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Operative Address: |
Goddard Complex, Fontabelle Bridgetown, St Michael, Barbados |
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Telephone: |
(246)-426-3544 |
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Fax: |
(246)-426-3544 |
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Legal Form: |
Limited Company |
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Email: |
hanschell@thegelgroup.com |
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Registered in: |
Barbados |
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Website: |
www.hanschellinnissltd.com |
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Contact: |
Gareth Narinesingh, General Manager |
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Staff: |
190 |
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Activity: |
Food Wholesalers Industry |
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BANKS |
Bank of the Barbados Limited |
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The company does not make its banking information public. |
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HISTORY
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Hanschell and company was founded in 1884 by Valdemar Hanschell to
supply ships with ropes, sails, fresh meat, fruits and water. The Hanschell Inniss Sales Centre was first established in the mid
1990’s. On November 6th, 2006 Hanschell Inniss Limited opened the doors to its
brand new Sales Centre located at the former Star Discount building next door
to Tropical Shipping on Fontabelle. |
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PRINCIPAL
ACTIVITY
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Hanschell Inniss Limited - a fully-owned subsidiary of Goddard Enterprises
Limited - is a distribution company trading in all areas of business in
Barbados. |
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Products/Services description: |
NA |
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Brands: |
Kraft, Nabisco, Kellogg, Pillsbury, Mars, Planters, Ovaltine, Kool-Aid,
Tang, Green Giant, Häagen-Dazs, Gallo, Johnnie Walker, Gilbeys, Smirnoff,
Baileys, Farmers Choice frozen products, Eve food brands, Bop, Beep, Cockspur
rums, J&R rum. |
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Sales are: |
Wholesale |
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Clients: |
Large Supermarkets, Mini Marts, Small Medium and Large Shops, Gas
Station Convenience Stores, Restaurants, Sandwich Shops, Hotels, Bakeries,
Flight Kitchens. Gordon Food Service USA |
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Suppliers: |
Cantine Riondo SpA Italy O.D. BRISBANE & SONS (TRADING) LTD. Kitts & Nevis INDUSTRIA DE TABACO LEON JIMENES Dominican Republic UMIPLAST S A Colombia |
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Operations area: |
National and International |
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The company imports from |
Europe, America |
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The company exports to |
USA |
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The subject employs |
190 employees |
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Payments: |
No Complaints |
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LOCATION
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Headquarters : |
Goddard Complex, Fontabelle Bridgetown, St Michael, Barbados |
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Branches: |
The company does not have branches |
GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
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Listed at the stock exchange: |
NO |
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Shareholders %: |
In the late 1960s, the company diversified into food distribution with
the amalgamation of James H. Inniss. Then in 1973, J.N. Goddard and Sons Ltd.
(subsequently Goddard Enterprises Ltd.) bought a majority interest in the
business, thus bringing Hanschell Inniss under the Goddard's umbrella. Goddard Enterprises Ltd. GEL P.O. Box 502, Bridgetown, Barbados, West Indies. |
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Management: |
Gareth Narinesingh, General Manager Christopher Donawa, Commercial Manager Tonie Grebes, Financial Manager Mrs. Joy-Ann Carter, Food Services Manager Mr. Christopher Donawa, , Manager, Retail Division Supervisor - Mr. Rohan Jordan Supervisor - Mr. Sean Lynch Senior Supervisor - Mr. Curtis Vanderpool Marketing Manager - Mr. Christopher Donawa Accountant-Operations - Mr. Carl Reece Accountant-Finance - Mrs. Tonie Greaves Supervisor - Ms. Joy-Ann Carter Sales Centre Manager - Mr. Martin Deane |
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Related Companies: |
Affiliate Companies: HIPAC Ltd. McBride Caribbean Limited The West Indies Rum Distillery Limited |
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FINANCIAL
INFORMATION
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This is a private company which does not make its financial statements
public. We attach parent company’s financial statements |
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LEGAL FILINGS |
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There are no legal connected to the subject |
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SUMMARY
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Hanschell and company was founded in 1884 to supply ships with ropes, sails,
fresh meat, fruits and water. The company now produces and distributes food
stuffs to supermarkets, hotels, restaurants, cruise ships as well as for
export. Hanschell Inniss also distributes Cockspur Five Star Fine rum,
Cockspur Old Gold rum, Cockspur VSOR, Hanschell Old Time Falernum, J&R
White and J&R Gold. |
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RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
No Complaints |
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CASH FLOW |
Normal |
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STATUS |
Active |
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ENTERVIEW |
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NAME |
NA |
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POSITION |
Agent |
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COMMENTS |
The agent contacted confirmed status, ID and name. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.64.95 |
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1 |
Rs.99.73 |
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Euro |
1 |
Rs.71.84 |
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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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.