MIRA
INFORM REPORT
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Report Date : |
08.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
VERA CEDENO FABRIZIO
ALEJANDRO |
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Registered Office : |
Av. 215
S/N y Calle 312, Barrio San Pedro – Manta, Manabí |
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Country : |
Ecuador |
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Date of Incorporation : |
2000 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Import and sale of species. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
VERA CEDENO FABRIZIO ALEJANDRO
( EXPORTADORA DEL SOL CO. )
Av. 215 S/N y Calle 312, Barrio San Pedro - Manta
Manabí
ECUADOR
Telephone :
593-5-2922061
Fax : 593-5-2922061
E_Mail :
sol@vercex.com
TAX
1304022021001
SUMMARY
Started
: 2000.-
Total
Employees : 2
Payments : --
Sic(s) : 5149
Line of Business: Import & Sale of species.
Credit Recommendation
Dollars
Conservative value : 5.000
Liberal value :
10.000
If additional information is received or present information is rectified, this
recommendation may be modified.
Financial indicators
As no financial statement could be obtained and due to insufficient figures to
determine trends, no financial situation analysis is carried out
TRADE REFERENCES
Do not trade with domestic suppliers
Subject takes part of the "White Listing" of the Internal Revenue
Service, indicating that tax obligations are promptly met.
Until 2006, maximum and minimum averages and amounts of indebtedness at
National financial system, included indirect credits (debts in which subject
was guarantor).
At present, indirect credits are not taken into consideration for those
averages.
Detail of Bank References
Qualifications of the Ecuadorian Financial system
Bank : Banco Bolivariano C.A.
To expire : US$ 80.000,00
Credit Card : International Credit Card
To expire : US$ 2.509,95
Bank : Banco De La Produccion S.A.
To expire : US$ 10.000,00 expire 20/12/2007
Credit Card : International Credit Card
To expire : US$ 1.143,94
Total debt up to October 2007 is US$ 93.653,89
Average amount of indebtedness registered by the subject, in the National
Financial System:
During 2004 was US$ 1.800,35
During 2005 was US$ 21.050,04
During 2006 was US$ 67.174,13
During 2007 was US$ 54.512,38
BANKS
Main banks are:
- Banco Bolivariano C.A.
- Banco De La Produccion S.A.
OPERATIONS
Line of Business : Import and sale of species.
Economic Activities registered at the Internal Revenue Service was WHOLESALE OF
SPECIES.
Classification according to commercial activity:
Sic: 5149-0000 Groceries and related products
-0310 Spices and
seasonings
-0302 Flavourings and fragrances
-0300 Seasonings, sauces, and extracts
Sales
Sales are steady throughout the year
Regional sales territory
Informed that monthly sales average is US$7.000,00
Customers
Main customers are: Supermarkets, line of business' distributors,
retail.
Purchases
International purchases level only
Imports from Sri Lanka.
Employees: 2 employees
Location
- Administration is located at Av. 215 S/N y Calle 312, Barrio San
Pedro Manta
Manabí, Ecuador
Branches
Subject does not have branches
RELATED COMPANIES
The interviewed person did not provide any information about it, so it was
impossible to check if there is any existing subsidiary.
INSURANCES
Insurance Company:
-Seguros Sucre S.A.
ADMINISTRATION
Manager : Fabrizio Alejandro Vera Cedeño TAX:1304022021001
LEGAL INFORMATION
Legal Structure : Natural Person
Constitution date : 01/07/2000
Legal Address : Manta - Ecuador
Owner :
- 1304022021001 Fabrizio Alejandro Vera Cedeño
Legal representation in charge of: Manager.
VERCEX EXPORT & IMPORT S.A. existed as a company and subject was the legal
representative.
Such company is inactive since Jun 27, 2006.
Alejandro Víctor Vera Cedeño, brother of subject owns a business of similar
activities. Was Executive president of VERCEX EXPORT & IMPORT S.A.
INFORMATION SOURCES
Miss. Vanesa Villamar, Management secretary, confirmed general
information.
Fabrizio Vera is considering the possibility of providing information.
-Other outside information sources.
Exchange rate
-Since September 9th, 2000, official currency in Ecuador is the US$ dollar
-Until then, the currency was the sucre.
Exchange rate was s/. 25.000 X US$ 1.00
Macroeconomic Information
International Reserve of Free
Availability (millions USD) 3.691,00
Interest Rate for the week of
01/11/2007 - 30/11/2007
Ref. Active Rate for
Operations
( % ) 10,55
Ref. Passive Rate
for Operations (
% ) 5,79
Basic Rate of
Central Bank ( % ) 5,79
Legal
( % ) 10,55
Maximum conventional
( % ) 12,28
Inflation
Ratio
108,80 Oct/2007
Yearly
Inflation
( % ) 2,36
Monthly
Inflation
( % ) 0,13 Oct/2007
Accumulated
( % ) 2,22
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. |
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%)