MIRA
INFORM REPORT
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Report Date : |
25th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
VECCHIO
WOOD, S. A. DE C. V. |
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Registered Office : |
Boulevard del Ejército Km. 5.5, Soyapango/San
Salvador |
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Country : |
San Salvador |
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Date of Incorporation : |
16.08.2006 |
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Legal Form : |
Joint-Stock Company |
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Line of Business : |
Gathering, storing and exporting of wood in tree
trunks for wood veneers, industrial pieces, wood pallets, etc. |
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/normal. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Reported
to be correct |
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Litigation : |
Clear |
IDENTIFICATION
CORRECT COMPANY NAME :
VECCHIO WOOD S.A. DE C.V.
TAXPAYER
REGISTRATION : NIT 0101160806101-6 OPERATING STATUS: Active
MAIN ADDRESS :
Boulevard del Ejército Km. 5.5
CITY/PROVINCE/STATE :
Soyapango/San Salvador
TELEPHONE : (503)2277.0441
FAX : (503)2277.0441
E - MAIL : vecchiowood@yahoo.com
WEB SITE : No tiene
COMMENTS .-
We called the number in your order (503) 22272929,
but always an answering machina asking to leave a message responds. Regarding
the other phone number (506) 22652267, it is not valid for El Salvador.
QUALIFICATION
RATING : SECURED
CREDIT IS ADVISED
PAYMENTS : LITTLE
CREDIT EXPERIENCE AVAILABLE
LEGAL BACKGROUNDS
LEGAL STATUS :
Joint-Stock Company
DATE OF
INCORPORATION : 16AUG2006
REGISTERED IN :
San Salvador
DURATION : Undetermined
REGISTRATION :
No.56, Book 2159, Pages 499 through 510
CURRENT PAID-IN CAPITAL : US$12,000.=
Dollars
CURRENT EXCHANGE
RATE :
C/.8.75 per 1.00 US Dollar
DIRECTORS / EXECUTIVES /
SHAREHOLDERS
FULL NAMES / COMPANY
NAME TITLE OWNERSHIP
%
ZUÑIGA DEL VECCHIO, ROLANDO ALBERTO General
Mg/Legal Rep. 50%
LOPEZ, FLOR DE MARIA PORTILLO DE Logistics
Manager 50%
ZUÑIGA, SILVIA GUADALUPE PORTILLO DE Financial
Manager
WHO IS WHO ?
ZUÑIGA DEL VECCHIO,
ROLANDO ALBERTO
NATIONALITY
: Salvadorian
BORN : 13MAR1975
DOC. OF IDENT. :
DUI 01067230-4
TAX.REGIS. :
NIT 0614130375101-1
PROFESSION
: Dentist
LABOR AND/OR BUSINESS BACKGROUNDS .-
He is Rolando Alberto Zúñiga Chávez and María
Giuseppa Del Vecchio's son.
Listed as the owner of one automobile HYUNDAI, 1990,
license plate P167277.
LOPEZ, FLOR DE MARIA
PORTILLO DE
NATIONALITY
: Salvadorian
ZUÑIGA, SILVIA GUADALUPE
PORTILLO DE
NATIONALITY
: Salvadorian
RELATED COMPANY(IES)
Subject is not related to other enterprises, we were
advised.
BUSINESS
MAIN ACTIVITY .-
Gathering, storing and exporting of wood in tree
trunks for wood veneers, industrial pieces, wood pallets, etc.
EXPORT :
Yes
% FOREIGN SALES(COUNTRIES) : 95% to India
% DOMESTIC PURCHASES : 05%
% FOREIGN PURCHASES :
95%
SELLING TERRITORY :
05% in the National market
EMPLOYEES : 5 (*)
FACILITIES .-
Premises
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Own
Use :
Legal domicile, administrative office
Remarks and other Premises .-
Until October 2006, subject was sited at 1era. Calle
Donienic No.6-A, Colonia Flor Blanca.
COMMENTS .-
(*) Apart hire personnel for shipping activity.
Operate against contracts. Sales are specially made
to tradings.
FINANCIAL INFORMATION
Spoke to Ms. Flor de María Portillo (Logistics
Manager) who confirmed some operating data that was complemented with data
collected from outside sources.
The interviewed person offered to send financial
data. If we receive this information we will forwarding same to you
immediately, otherwise, this report will be considered as a final report.
Due to recent time of incorporation this firm lacks
sufficient historical data for its sales trend to be determined.
DETAILS OF MAIN ASSETS .-
Subject company owns the premises located at
Boulevard del Ejército Km. 5.5,
Soyapango/San Salvador.
INSURANCE .-
We learnt there are insurance policies covering the
company, but further particulars
could not be obtained.
PAYMENTS RECORD
TRADE REFERENCES .-
COMMENTS .-
Local suppliers below named confirmed subject is
their client, no problems are registered.
LIST OF DOMESTIC
SUPPLIERS .-
Suppliers listed Alphabetically.
Supplier Telephone
NYK Logistic (503)
22635566
Oir S.A. (503) 24523300
LAWSUITS ? .-
No legal suits or judgements were found filed
against this enterprise or its main
executive.
BANKING INFORMATION
BANKERS
Bank
BANCO SALVADOREÑO
Per internal policy the above named bank does not
provide references to third parties.
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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