MIRA
INFORM REPORT
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Report Date : |
26.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
TERMO EXPORT S.A. DE C.V. |
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Registered Office : |
Calle L-3, Polígono D,
Lotes 1 y 2, Zona Industrial, Merliot/La Libertad |
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Country : |
El Salvador |
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Date of Incorporation : |
2004 |
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Legal Form : |
Stock Company of
Variable Capital |
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Line of Business : |
Trade and export of
flexible packagings. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION
CORRECT
COMPANY NAME : TERMO EXPORT S.A. DE C.V.
TAXPAYER
REGISTRATION : NIT 0614141004102-7 OPERATING STATUS: Active
MAIN
ADDRESS : Calle L-3, Polígono D, Lotes 1 y 2, Zona Industrial
CITY/PROVINCE/STATE :
Merliot/La Libertad
COUNTRY : EL SALVADOR
TELEPHONE : (503)2278.0029
FAX : (503)2212.7300
E
- MAIL : ralvarado@termo.com.sv
SUMMARY
Incorporation :
2004
Operating
Status : Active
Employees :
No precisado
QUALIFICATION
RATING
: SECURED CREDIT IS ADVISED
PAYMENTS
: NO CREDIT EXPERIENCE AVAILABLE
LEGAL BACKGROUNDS
LEGAL
STATUS : Stock Company of Variable Capital
DATE
OF INCORPORATION : 2004
REGISTERED
IN : La Libertad
CURRENT
EXCHANGE RATE : C/.8.75 per 1.00 US
Dollar
COMMENTS
-
Incorporation of the company
were not obtained or the capital stock.
DIRECTORS / EXECUTIVES / SHAREHOLDERS
FULL
NAMES / COMPANY NAME TITLE OWNERSHIP
%
TONA GIOLITTI, HUGO
ANTONIO President Yes
TONA GIOLITTI,
RODRIGO General Manager Yes
AMAYA, GUILLERMO Accountant
WHO IS WHO ?
TONA
GIOLITTI, HUGO ANTONIO
NATIONALITY : Salvadorean
BORN : 12.08.1937 in Ahuachapan
DOC. OF IDENT. : DUI 11932896 TAX. REGIS.: NIT 0101120837002-0
PROFESSION : Businessman
HOME ADDRESS : Calle Jacaranda 8, Colonia Maquilishuat, San Salvador
CIVIL STATUS : Married
LABOR AND/OR BUSINESS
BACKGROUNDS .-
Place of birth:
Ahuachapan
He is Yolanda Italia
Giolitti de Tona and Hugo Tona's son.
Associated
as per our database to :
Company Title Tax.
Reg. Country
TERMOENCOGIBLES S.A. DE
C.V. Exe.President/Repres 0614040271001-2 EL SALVADO
TONA
GIOLITTI, RODRIGO
Associated
as per our database to :
Company Title Tax.
Reg. Country
TERMOENCOGIBLES S.A. DE
C.V. General Manager 0614040271001-2 EL
SALVADO
RELATED COMPANY(IES)
COMPANY
NAME
COUNTRY TAX.REG. RELATION
ANCARO S.A. DE C.V. EL SALVADOR Related
TERMOENCOGIBLES S.A. DE C.V. EL SALVADOR 0614040271001-2 Related
BUSINESS
MAIN
ACTIVITY .-
Trade and export of
flexible packagings.
Subject is a hundred
percent wholesaling company.
IMPORT : No (As was stated)
EXPORT : Yes to USA, Guatemala, payments via bank transfers.
EMPLOYEES :
FACILITIES
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Premises :
Rented
Use : Administrative offices and warehouses operate from
captioned address.
Remarks and other
Premises .-
Premises are shared with
the enterprise TERMOENCOGIBLES S.A. DE C.V.
FINANCIAL INFORMATION
We interviewed Mr.
Guillermo Amayo (Accountant) after several requests and he confirmed some
operating data of this company but he said it would not be possible for him to
provide the financial statements because he did not have authorization to do
it.
According to our
investigation, TERMO EXPORT S.A. DE C.V. is a company established in year 2004,
controlled by local investors, engaged in the export of flexible packagings.
Company is staffed with individuals of experience in this business and
interests at other local firms.
However, lack of figures
does not allow us to analyze the current financial standing of the company.
Likewise, its payments performance is unknown.
PROPERTIES
OF THE COMPANY .-
It has not been possible
to confirm if there are real estates or vehicles in the name of this company.
INSURANCE
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Company
SEGUROS E INVERSIONES
S.A.
Subject is covered by
policies taken at level of group.
PAYMENTS RECORD
TRADE
REFERENCES .-
COMMENTS .-
It has not been possible
to make contact with local suppliers of this company, because their identities were
not revealed, which does not allow us to determine subject's payment
performance.
BANKING INFORMATION
BANKERS
Bank
BANCO DE RESERVA
We only know all
financial transactions of subject are carried out through these banks, but more
particulars were unavailable.
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average/normal. |
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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)