MIRA INFORM REPORT

Report No. :	506740
Report Date :	02.05.2018

IDENTIFICATION DETAILS

Name :	ROMAR FREEZONE TRADING COMPANY N.V.
Registered Office :	Frankrijkstraat 13 Oranjestad Aruba
Country :	Aruba
Date of Incorporation :	1988
Legal Form :	Sociedad De Responsabilidad Limitada
Line of Business :	Subject is a family-owned company and the official representative, distributor and leading food and beverage wholesaler for an extensive portfolio of premium brands on Aruba. Romar's portfolio includes alcoholic beverage brands covering spirits of DIAGEO, the Heineken portfolio in beers.
No. of Employees :	27

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Satisfactory
Payment Behaviour :	No Complaints
Litigation :	--

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

Location Facts
Government	Unitary parliamentary representative democracy under constitutional
Currency	Aruban florin (AWG)
EconomicRisk	Low

Statutory Information
Legal Name	ROMAR FREEZONE TRADING COMPANY N.V.
Trade Name	ROMAR FREEZONE TRADING COMPANY N.V.
ID	Reg. Number
ID Details	8094-0
Creation Date	1988
Incorporation Date	1988
Legal Address	Frankrijkstraat 13 Oranjestad Aruba
Operative Address	Frankrijkstraat 13 Oranjestad Aruba
Telephone	+297 582 1155
Fax	+297 582 1957
Legal Form	Sociedad De Responsabilidad Limitada
E-Mail	mharms@romartrading.com
Registered In	ARUBA
Website	www.arubatrading.com
Contact	Roy Harm, Owner
Staff	27 employees
Activity	Wholesale and distribution of food, beverages and related products.

Banks
There are not informed banks
Description	The company does not make its banking data public.

History
History	The company was founded in 1988 in Aruba.
Key Developments	NA
Parent Company	NA

Principal Activity

General Description

ROMAR FREEZONE TRADING COMPANY N.V. is a family-owned company and the official representative, distributor and leading food and beverage wholesaler for an extensive portfolio of premium brands on Aruba. Romar's portfolio includes alcoholic beverage brands covering spirits of DIAGEO, the Heineken portfolio in beers.

Service/Product Description

Its wholesale division consists of the following portfolio’s:
Beers
Spirits
Wines & Champagnes
Food & Non-Alcoholic Beverages
Personal Care
Others

Sales

Wholesale

Operations Area

National and International

Imports From

Netherlands, Colombia, Paraguay and Peru

Export To

Colombia

Employees

27 employees

Payments With Suppliers

No Complaints

Brands
Brand	Comments
Trivento	NA
Chubby	NA
Santa Rita	NA
Corona	NA
Camel	NA
Diageo	NA
Heineken	NA

Clients
Name of Client	Country	Comments
Iguaran Iguaran Elias Jhoans	COLOMBIA	NA
INVERSIONES SOL TRADING S.A.S	COLOMBIA	NA
Federacion De Importadores De Cigarrillos Y Licores De La Gu	COLOMBIA	NA
ZUNIGA FONTALVO LUIS CARLOS	COLOMBIA	NA

Comments

The company´s main clients include national and international companies, as well as private customers.

Suppliers
Supplier Name	Country	Comments
Diageo Brands Bv	NETHERLANDS	NA
Cooperativa Multiactiva Del Sector Agricola Y Comercial	COLOMBIA	NA
Veneto Sa.	PARAGUAY	NA
Compania Industries De Tabacos	PERU	NA

Comments

NA

Location
Headquarters	FRANKRIJKSTRAAT 13 ORANJESTAD ARUBA
Branches	No branches found

Group Structure and Subdiary Companies
Listed at the stock exchange	NO
Capital	NA
Shareholders (%)	This is a private company. The company does not disclose information on shareholders. The following information has been obtained through private sources and could not be confirmed: Major holders are Roy Harm and Milton Harms.
Management	Roy Harm, Owner Milton Harms, Owner and Purchase Manager
Subsidiary Companies	NA
Related Companies	The Harms family is a large and wealthy Aruban family involved in a variety of commercial enterprises (the Harms Group), such as HARMS BROTHERS Ltd. and Romar Trading N.V.

Financial Information
General Description	The company does not make its financial statements public. Despite our long search, we could not confirm financial figures for the subject.

Legal Filings
Lawsuits	THE BOLIVARIAN REPUBLIC OF VENEZUELA IN HER NAME: THE FIRST SUPERIOR COURT ON THE CIVIL, COMMERCIAL AND TRANSIT OF THE JUDICIAL CIRCUMSCRIPTION OF THE STATE ZULIA File No. 13.370 I INTRODUCTION Know this Superior Court of the present case, by virtue of the Distribution made by the Office of Reception and Distribution of Documents of the State of Zulia dated four (04) February two thousand and eleven (2011), on the occasion of the appeals filed in date twenty-six (26) of January of two thousand and eleven (2011) by the practicing lawyer EAGO, registered in the Institute of Social Security of the Lawyer (INPREABOGADO) under the number 26.650, acting with the character of legal representative of the party defendant, citizens CYVDB, J.Á.BV and MONICA DEL CARMEN BARRIOS DE G., Venezuelans, of legal age, holders of identity cards number V-4,148,295, V-11,867,373 and V-10,448,183, respectively, all domiciled in this city and municipality Maracaibo of the Zulia state, against the resolution issued by the THIRD COURT OF FIRST INSTANCE IN THE CIVIL, COMMERCIAL AND TRANSIT OF THE JUDICIAL CIRCUMSCRIPTION OF THE STATE OF ZULIA, on the twenty-first (21) of January of two thousand and eleven (2011) and against the judgment issued by the aforementioned Tribunal on the twenty-fourth (24) of January of two thousand and eleven (2011); in the judgment that by EXECUTION OF MORTGAGE follows the mercantile society ROMAR FREE ZONE TRADING CO. NV, commercial company incorporated in the Island of Aruba, AN, before the Commercial Registry of the Chamber of Commerce and Industry ARUBA, on September 26, 1988, under number 7545.0, document apostilled according to the Convention of the beech, in Aruba on April 22, 2008, under number 311679, whose Consular Rights were canceled by the Consulate General of the Bolivarian Republic of Venezuela in Aruba, on April 23, 2008, under number 21, against the citizen CYVDB, previously identified, and the known and unknown heirs of the citizen J.Á.B., who was a Venezuelan, of legal age, holder of the identity card number V-4.158.940, and of the same domicile. Jurisprudence Sentence of the Supreme Court of Justice - nº of January 17, 2014 Speaker: Margarita Cabello Blanco Providence number: 11001 0203 000 2007 01997 00 Resolution Date: January 17, 2014 The homologation of the judgment pronounced by the Court of First Instance of Aruba is sought, by means of which a Colombian was condemned to the payment of some sums of money together with his interests in favor of a foreign company domiciled in Oranjestad, Aruba. The Chamber denied the request for an exequatur with support in which the interested party did not prove diplomatic reciprocity ... (see full summary) INDEX BACKGROUND CONSIDERATIONS FREE EXTRACT Bogotá, D.C., seventeen (17) January two thousand fourteen (2014). Ref .: Exp. No. 11001 0203 000 2007 01997 00 The Court pronounces on the demand for exequatur filed by ROMAR FREEZONE TRADING COMPANY NV, a foreign company domiciled in Oranjestad, Aruba, through which it intends to grant homologation to judgment No. 392 issued on April 6, 2005 by the Court of Justice. First Instance of Aruba, which sentenced the defendant, Mr. JAIME ANTONIO URIBE CASTRILLÓN, to the payment of sums of money, together with his interests, in favor of the aforementioned Aruban company, plaintiff in the process identified as "AR do not. 3173 of 2004 "in which the aforementioned pronouncement was issued.
Trademarks	TIENDARAZO REGATTA BRICKELL

Summary

Summary

Founded in 1988, ROMAR FREEZONE TRADING COMPANY N.V. is a family-owned company and the official representative, distributor and leading food and beverage wholesaler for an extensive portfolio of premium brands on Aruba. Romar's portfolio includes alcoholic beverage brands covering spirits of DIAGEO, the Heineken portfolio in beers. The company imports from Netherlands, Colombia, Paraguay and Peru, and exports to Colombia, operating within national and international markets. This has been an ACTIVE company incorporated in ARUBA in 1988.

Risk Information
Debts	Controlled
Payments	No Complaints
Cash Flow	Normal
State	ACTIVE

Interview
First Name	NA
Position	NA
Comments	Despite we tried to contact the company several times, it did not answer, so we could not confirm further information.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 66.78
UK Pound	1	INR 92.89
Euro	1	INR 80.74
AWG	1	INR 37.28

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	PRI
Report Prepared by :	TPT

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
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

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.