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MIRA INFORM REPORT
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Report No. : |
509507 |
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Report Date : |
17.05.2018 |
IDENTIFICATION DETAILS
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Name : |
SUSANA IMPORTADORA DE REPUESTOS DE MOTOCICLETAS S.R.L. |
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Registered Office : |
Street Osvaldo Garcia De La Concha
23, Santo Domingo 10413 |
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Country : |
Dominican Republic |
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Date of Incorporation : |
15.06.1997 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject is engaged in the import and wholesale
distribution of motorcycle spare parts. |
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No. of Employees : |
4 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but Correct |
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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: |
Susana Importadora De Repuestos De
Motocicletas S.R.L. |
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Trade
Names: |
Susana Importadora De Repuestos De
Motocicletas S.R.L. |
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ID: |
101-737735 (RNC) |
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Date Created: |
1997 |
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Date Incorporated: |
15 June 1997 |
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Legal Address: |
Street Osvaldo Garcia De La Concha 23,
Santo Domingo 10413, Dominican Republic. |
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Operative Address: |
Street Osvaldo Garcia De La Concha 23, Santo
Domingo 10413, Dominican Republic. |
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Telephone: |
809-683-0626 829-397-0080 |
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Fax: |
- |
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Legal Form: |
Limited Liability Company |
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Email: |
- |
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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: |
ANTONIO SUSANA OVALLES - Director |
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Staff: |
4 |
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Activity: |
NAICS code 423120 - Motor Vehicle
Supplies and New Parts Merchant Wholesalers |
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Banks: |
The company does not disclose its
banking details. |
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History: |
The company was founded in 1997. |
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PRINCIPAL
ACTIVITY
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Susana Importadora De Repuestos De
Motocicletas S.R. engages in the import and wholesale distribution of
motorcycle spare parts. |
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Products/Services description: |
The company offers motorcycle spare
parts. |
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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: |
Yog Auto Mobile Parts Co.,ltd Ot Masada Company Jaco Union Trading Super Era International Ltd. |
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Operations area: |
National |
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The company imports
from |
CHINA BRITISH VIRGIN ISLANDS |
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The company exports to |
No export records were found. |
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The subject employs |
4 employees |
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Payments: |
Slow but Correct |
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LOCATION
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Headquarters : |
Street Osvaldo Garcia De La Concha 23,
Santo Domingo 10413, 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. We were not able to confirm major holders. |
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Management: |
ANTONIO SUSANA OVALLES - Director Raymundo Alvarado – Sales Manager |
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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. |
SUMMARY
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Founded in 1997, Susana Importadora de
Repuestos de Motocicletas S.R.L is an organization in the Motor Vehicle
Supplies and New Parts Merchant Wholesalers Industry headquartered in
Dominican Republic. The company has 4 regular employees. It operates
nationally, mainly importing from China and from the British Virgin Islands. It is ACTIVE in business with no
negative records. |
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RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
Slow but Correct |
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CASH FLOW |
Normal |
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STATUS |
Active |
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INTERVIEW
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NAME |
Antonio |
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POSITION |
Director |
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COMMENTS |
He confirmed the name of the company,
the address of the headquarters and location, the date of creation of the company
and the number of employees. He was reluctant to provide financial
information. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 67.83 |
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1 |
INR 91.68 |
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Euro |
1 |
INR 80.29 |
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DOP |
1 |
INR 1.37 |
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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PRI |
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Report Prepared
by : |
TRU |
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
·
Company
background and operations size
·
Promoters
/ Management background
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Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
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.