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MIRA INFORM REPORT
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Report No. : |
499913 |
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Report Date : |
29.03.2018 |
IDENTIFICATION DETAILS
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Name : |
INVERSIONES SANGOY SRL |
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Registered Office : |
Av. 27 De Febrero, Num. 271 |
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Country : |
Dominican Republic |
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Date of Incorporation : |
04.07.2013 |
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Legal Form : |
Dominican Republic |
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Line of Business : |
Subject dedicated to the wholesale of agricultural products. |
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No. of Employees : |
2 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
C |
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Credit Rating |
Explanation |
Rating Comments |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Dominican Republic |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
DOMINICAN
REPUBLIC - ECONOMIC OVERVIEW
The Dominican Republic was for most of its history primarily an exporter of sugar, coffee, and tobacco, but in recent years the service sector has overtaken agriculture as the economy's largest employer, due to growth in construction, tourism, and free trade zones. The mining sector has also played a greater role in the export market since late 2012 with the commencement of the extraction phase of the Pueblo Viejo Gold and Silver mine, one of the largest gold mines in the world. The country suffers from marked income inequality; the poorest half of the population receives less than one-fifth of GDP, while the richest 10% enjoys nearly 40% of GDP. High unemployment, a large informal sector, and underemployment remain important long-term challenges.
The economy is highly dependent upon the US, the destination for approximately half of exports. Remittances from the US amount to about 7% of GDP, equivalent to about a third of exports and two-thirds of tourism receipts. The Central America-Dominican Republic Free Trade Agreement came into force in March 2007, boosting investment and manufacturing exports.
The Dominican Republic's economy rebounded from the global recession in 2010-16, and the fiscal situation is improving. A tax reform package passed in November 2012, a reduction in government spending, and lower energy costs helped to narrow the central government budget deficit from 6.6% of GDP in 2012 to 2.6% in 2016. A liability management operation in January 2015, in which the government paid down over $4 billion of the country’s Petrocaribe debt at a discount of 52% with proceeds from the sale of $2.5 billion in global bonds, reduced the country’s debt load by approximately by 4% of GDP. Since 2015 the Dominican Republic has posted the fastest economic growth in Latin America.
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Source
: CIA |
STATUTORY
INFORMATION
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Legal Name: |
INVERSIONES SANGOY SRL |
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Trade Name: |
INVERSIONES SANGOY |
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ID: |
131-03151-1 |
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Date Created: |
2013 |
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Date Incorporated: |
4 July 2013 |
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Legal Address: |
AV. 27 DE FEBRERO, NUM. 271 Dominican Republic |
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Operative Address: |
Perimental C Esq. Cul De Sac, No. 12, Apto. Casa 1, Santo Domingo Dominican Republic |
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Telephone: |
1 (809) 369-9083 |
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Fax: |
- |
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Legal Form: |
SOCIEDAD DE RESPONSABILIDAD LIMITADA |
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Email: |
sangoysrl@gmail.com |
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Registered in: |
DOMINICAN REPUBLIC |
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Website: |
The company does not have a website. |
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Contact: |
SANJEEV GOYAL - Director |
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Staff: |
2 |
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Activity: |
NAICS 1: Farm and Garden Machinery and Equipment Merchant Wholesalers SIC 1: Agricultural Machinery And Equipment |
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Banks: |
The company does not disclose its banking details. |
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History: |
The company was founded in 2013. |
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PRINCIPAL
ACTIVITY
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The company is dedicated to the wholesale of agricultural products. |
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Products/Services description: |
The company offers agricultural machinery, field products and
fertilizers. |
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Brands: |
The company does not have any brands of its own. |
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Sales are: |
Wholesale |
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Clients: |
Retailers |
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Suppliers: |
NA |
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Operations area: |
National |
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The subject employs |
2 employees |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
Perimental C Esq. Cul De Sac, No. 12, Apto. Casa 1, Santo Domingo Dominican Republic |
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Comments on Address: |
- |
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Branches: |
No other branches were found. |
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Related Companies: |
No related companies were found. |
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GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
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Listed at the stock exchange: |
NO |
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Capital: |
NA |
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Shareholders: |
The company does not disclose information
on shareholders. The following information has been provided by private
sources and could not be confirmed: |
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Management: |
SANJEEV GOYAL - Director MARIO ALEJANDRO GUERRERO HEREDIA |
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FINANCIAL
INFORMATION
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The company does not make its financial
statements public. Despite our long search, we were not able
to confirm financial figures for the subject. |
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LEGAL
FILINGS
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CASES |
No records found. |
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OFAC Sanctions List Search |
The company is not listed in the OFAC list. |
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SUMMARY
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Founded in 2013, Inversiones Sangoy SRL is an organization in the Farm
and Garden Machinery and Equipment Merchant Wholesalers Industry
headquartered in Santo Domingo, Dominican Republic. The company has 2 regular employees. It operates nationally. It is
ACTIVE in business with no negative records. |
RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
Regular |
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CASH FLOW |
Normal |
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STATUS |
Active |
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INTERVIEW
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NAME |
- |
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POSITION |
- |
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COMMENTS |
We called number 1 (809) 369-9083 several times and received no
answer. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.04 |
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1 |
INR 92.28 |
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Euro |
1 |
INR 80.62 |
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DOP |
1 |
INR 1.31 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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VAR |
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Report Prepared
by : |
KET |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
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Company
background and operations size
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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Industry
scenario / competitor analysis
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Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.