MIRA INFORM REPORT

Report No. :	507857
Report Date :	10.05.2018

IDENTIFICATION DETAILS

Name :	NEWPORT-FERSAN (JAMAICA) LIMITED
Registered Office :	Lot 2 A/2 B Wherry Wharf Complex Newport East, Kingston 15 P.O Box 8983 C.S.O. Kingston, Jamaica W.I.
Country :	Jamaica
Financials (as on) :	2016 (Summarized)
Date of Incorporation :	27.07.2001
Legal Form :	Limited
Line of Business :	Subject is dedicated to the wholesale and distribution of fertilizers and related products.
No. of Employees :	53

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

Maximum Credit Limit :	USD 80 000
Status :	Good
Payment Behaviour :	No Complaints
Litigation :	Exist

NOTES :

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

Statutory Information
Legal Name	Newport-Fersan (Jamaica) Limited
Trade Name	Newport Fersan Jamaica Limited / Newport Fersan / Fersan
ID	Reg. Number
ID Details	64540
Creation Date	2001
Incorporation Date	27 Jul 2001
Legal Address	Lot 2 A/2 B Wherry Wharf Complex Newport East, Kingston 15 P.O Box 8983 C.S.O. Kingston, Jamaica W.I.
Operative Address	Lot 2 A/2 B Wherry Wharf Complex Newport East, Kingston 15 P.O Box 8983 C.S.O. Kingston, Jamaica W.I.
Telephone	(876) 967-5815
Fax	(876) 967-5815
Legal Form	LIMITED
E-Mail	info@newportfersan.com salesandtech@newportfersan.com
Registered In	JAMAICA
Website	www.newportfersanja.com
Contact	Domingo Viyella, President and Chief Executive Officer
Staff	53 employees
Activity	Wholesale of fertilizers 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 2001 with an initial investment of US$10 million
Key Developments	NA
Parent Company	NA

Principal Activity

General Description

Newport Fersan Jamaica Limited is dedicated to the wholesale and distribution of fertilizers and related products.

Service/Product Description

PRODUCTS:
- REGULAR GRANULAR FERTILIZER
- GRANULAR FERTILIZER (MADE TO ORDER)
- SOLUBLE FERTILIZER
- HERBICIDE
- LIQUID FERTILIZER
- SOIL AMELIORANTS
- EQUIPMENT
- SPARE PARTS

SERVICES:
- Soil Sampling & Analysis
- Leaf Sampling & Analysis*
- Fertilizer Programs/Recommendations
- Nutrient Management Program
- Technical Support
- Farm Store Promotions
- Farm Store Logistics/Planning

Sales

Wholesale

Operations Area

National and International

Imports From

Mexico, India and Colombia

Export To

Dominican Republic

Employees

53 employees

Payments With Suppliers

Regular

Brands
Brand	Comments
FERSAN	NA

Clients
Name of Client	Country	Comments
FERTILIZANTES SANTO DOMINGO S.A.	DOMINICAN REPUBLIC	NA
J. Wray & Nephew Limited	JAMAICA	NA
Worthy Park Estate Limited	JAMAICA	NA
The Sugar Company of Jamaica Holdings Limited (SCJH)	JAMAICA	NA

Comments

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

Suppliers
Supplier Name	Country	Comments
Innophos Mexicana	MEXICO	NA
Gee Gee Kay Pvt.ltd	INDIA	NA
Geolife Agritech India Private Limited	INDIA	NA
Compañia Agricola S A S	COLOMBIA	NA

Comments

NA

Location
Headquarters	Lot 2 A/2 B Wherry Wharf Complex Newport East, Kingston 15 P.O Box 8983 C.S.O. Kingston, Jamaica W.I.
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:
Management	Domingo Viyella, President and Chief Executive Officer Luis Viyella, Executive Vice President Dennis Valdez, Managing Director Dennis Bournigal, Secretary Kim Clarke, Director Marlene Mcintosh, Administration Manager Hector Ramirez, Plant Manager Hedda Rose Pitter, Business Development Manager Chamaine Mendez Blackford, Technical Manager Alicia Myers, Accounts Manager Esther Rossario, Internal Auditor JOan Sharpe-Colley, Marketing Coordinator Danielle Wade, Executive Assistant Antonio Domingo Caolo
Subsidiary Companies	NA
Related Companies	Fertilizantes Santo Domingo Edificio Fersan, Av. John F. Kennedy #60, esq. calle Central, Apartedo Postal 1405, Sto Dgo, Rep. Dom. Tel: 809. 227.1717 / Fax: 809.562.6643

Financial Information
General Description	The company does not make its financial statements public. The following information has been provided by private sources:
Year/Currency	2016 USD
Sales	18,320,000
Income	3,980,000
Money Flow	Normal
Import Fob Dollar There are not Import Fob Dollar informed
Export Fob Dollar There are not Export Fob Dollar informed

Legal Filings
Lawsuits	[2012] JMCA App 11 JAMAICA IN THE COURT OF APPEAL SUPREME COURT CIVIL APPEAL NO 69/2012 APPLICATION NO 101/2012 BETWEEN LOOKAHEAD INVESTORS LIMITED APPLICANT AND MID ISLAND FEEDS (2008) LIMITED 1ST RESPONDENT AND JAMAICA LIVESTOCK ASSOCIATION LIMITED 2ND RESPONDENT AND NEWPORT-FERSAN (JAMAICA) LIMITED 3RD RESPONDENT AND THE REGISTRAR OF TITLES 4TH RESPONDENT Michael Hylton QC and Duwayne Lawrence instructed by Michael Hylton and Associates for the applicant Ransford Braham QC instructed by Mrs Jacqueline Samuels-Brown QC for the 1st respondent Jerome Spencer instructed by Patterson Mair Hamilton for the 2nd respondent Stephen Shelton and Ms Maliaca Wong instructed by Noel Levy of Myers Fletcher and Gordon for the 3rd respondent 4th respondent not appearing or represented Emile Leiba instructed by DunnCox for the Intervenor [2012] JMCC Comm. 8 IN THE SUPREME COURT OF JUDICATURE OF JAMAICA CLAIM NO. 2012 CD 00023 BETWEEN LOOKAHEAD INVESTORS LIMITED CLAIMANT A N D MID ISLAND FEEDS (2008) LIMITED 1ST DEFENDANT A N D JAMAICA LIVESTOCK ASSOCIATION LTD 2ND DEFENDANT A N D NEWPORT-FERSAN (JAMAICA) LTD 3RD DEFENDANT A N D REGISTRAR OF TITLES 4TH DEFENDANT A N D ROYAL BANK OF CANADA INTERVENER Mr Michael Hylton QC and Mr Duwayne Lawrence instructed by Michael Hylton and associates for the claimant. Mr Ransford Braham instructed by Jacqueline Samuels–Brown for the 1st defendant. Mr Jerome Spencer instructed by Patterson Mair Hamilton for the second defendant. Mr. Stephen Shelton and Ms Maliaca Wong instructed by Myers Fletcher and for the 3rd defendant. Miss Emile Lieba instructed by Dunn Cox for Intevener
Trademarks	FERSAN
Patents Registered	No found
Renewals	No records found

Summary

Summary

Founded in 2001, Newport Fersan Jamaica Limited is dedicated to the wholesale and distribution of fertilizers and related products. The company has approximately 53 full-time employees and generates an estimated USD $18.32 million in annual revenue. The company imports from Mexico, India and Colombia, and exports to Dominican Republic, operating within national and international markets. This has been an ACTIVE company incorporated in JAMAICA in 2001.

Risk Information
Debts	Controlled
Payments	Regular
Cash Flow	Normal
Suggested Credit Line	USD 80 000
State	ACTIVE

Interview
First Name	NA
Position	Operator
Comments	The person contacted confirmed trade name, telephone, website and principal activity, but refused to provide further information explaining that she was not allowed to do so. She transferred the call but nobody answered.

Review
Maximum Credit Provided	USD 80 000

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 67.38
UK Pound	1	INR 91.09
Euro	1	INR 79.75
JMD	1	INR 0.54

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

INFORMATION DETAILS

Analysis Done by :	PRI
Report Prepared by :	KET

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)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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