MIRA
INFORM REPORT
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Report Date : |
28.05.2007 |
IDENTIFICATION DETAILS
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Name : |
EUROCHEMICAL INDUSTRIES INCORPORATED LIMITADA |
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Registered Office : |
Barrio Tournon frente al
Hotel Villas Tounon, Oficinas del Bufete Facio y Cañas, San José |
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Country : |
Costa Rica |
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Date of Incorporation : |
25.07.2005 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Selling chemicals for leather
treatment. |
IDENTIFICATION
CORRECT COMPANY NAME : EUROCHEMICAL INDUSTRIES
INCORPORATED LIMITADA
TAXPAYER REGISTRATION : CJ 3102412655
OPERATING STATUS :
Active
MAIN ADDRESS
: Barrio Tournon
frente al Hotel Villas Tounon, Oficinas del Bufete Facio y Cañas,
CITY/PROVINCE/STATE :
San José
COUNTRY : COSTA RICA
TELEPHONE :
(506)256.5555
COMMENTS -
Be advised the above address
and telephone numbers belong to the offices of the Registered Agent. Subject is
an offshore company.
SUMMARY
Incorporation
: 2005
Operating Status :
Active
Last Capital
: C/.12,000.= Colones
Employees
: Se desconoce.
QUALIFICATION
RATING : COMPANY REFUSED INFORMATION
PAYMENTS : NO FURTHER CREDIT EXPERIENCE AVAILABLE
LEGAL BACKGROUNDS
LEGAL STATUS :
Joint-Stock Company
DATE OF INCORPORATION :
25JUL2005
REGISTERED IN :
San José
DURATION : 10 years
INITIAL CAPITAL :
C/.12,000.= Colones
CURRENT PAID-IN CAPITAL : C/.12,000.=
Colones
LAST CAPITAL INCREASE :
No increases recorded
LISTED AT STOCK EXCHANGE : No
SHARE VALUE
: C/.1,000.= Colones
CURRENT EXCHANGE RATE : C/.517.93 per USD1
COMMENTS -
Shareholders structure
could not be determined but found out investors are foreigners.
As stated below, Subject
is duly represented by the Attorney who formed it, namely, Fernán Pacheco
Alfaro who acts as Registered Agent. Subject is also represented by Edwin Mora
Murcia, who works with Fernán Pacheco.
DIRECTORS / EXECUTIVES / SHAREHOLDERS
FULL
NAMES / COMPANY NAME TITLE
MORA MURCIA, EDWIN Representative
PACHECO ALFARO,
FERNAN Registered Agent/Repres.
WHO IS WHO ?
MORA MURCIA, EDWIN
NATIONALITY :
Costa Rican
BORN :
1944
DOC.
OF IDENT. : CI 6-0065-0797
CIVIL
STATUS :
Married
PACHECO ALFARO, FERNAN
NATIONALITY :
Costa Rican
DOC.
OF IDENT. : CI 1-0637-0435
HOME
ADDRESS : Barrio Tournon frente al
Hotel Villas Tounon, Oficinas del Buf TLF
: 2565555
E
- MAIL : fpacheco@fayca.com
LABOR
AND/OR BUSINESS BACKGROUNDS .-
Mailing Address:Apartado
Postal 5173-1000.
Fax 506 2552510.
Attorney of the law firm
BUFETE FACIO Y CAÑAS.
RELATED COMPANY(IES)
Subject is not related to
other companies.
BUSINESS
MAIN ACTIVITY -
Subject Company does not
operate in Costa Rica.
It is an offshore company
engaged in the trade, import and export in general. Reportedly, it would be dedicated to selling
chemicals for leather treatment.
SELLING TERRITORY: Not specified
EMPLOYEES
: Unknown
FACILITIES .-
Remarks
and other Premises .-
The above address belongs
to the offices of the Registered Agent, registered by the firm only for
incorporation purposes in the country.
The offices are located
in one of the most important law firms of the country, BUFETE FACIO Y CAÑAS.
Physical premises of the
Company could not be found.
FINANCIAL INFORMATION
Although we did our best,
it was not possible to get information from Subject as we could not find any
executive or person in charge.
We talked to Fernán
Pacheco Alfaro, who stated he acted as Registered Agent of Subject when it was
formed to operate as an offshore company at the request of a foreign firm whose
name was undisclosed. Mr. Pacheco agreed
to advise said company about us so they could contact us in case they were
interested in.
We also contacted the
firm appearing in your order - GRUPO ABC LEDER ANDINO S.A., headquartered in
Colombia, Calle 44-A # 73-45, Medellín. Tel. (57-4)411.7823,
Fax:(57-4)412.9114. There, we were attended by Cielo Agudelo (Chief of
Purchase, Sale and International Logistics). The cited executive mentioned GRUPO ABC LEDER ANDINO S.A. only acted as
intermediary representative of the chemical products Subject sold and Subject
was headquartered in Europe (the country was not specified and no more
particulars were given).
Finally, Mr. Pacheco said
he contacted Subject's main executives who categorically refused to give
information by arguing they did not need credit lines at that moment.
They gave strict
intructions in order to not reveal its location. We were informed Subject would be engaged in
the sale of chemicals to treat leather.
Regarding the address and
phone numbers above, they belong to the registered office of the Registered
Agent, Fernán Pacheco Alfar, who also mentioned Edwin Mora Murcia appeared in
the incorporation documents, but he has not any relation to Subject since Edwin
Mora works for him.
Attempts to get more
information from other sources were not favorable.
PAYMENTS RECORD
TRADE REFERENCES –
COMMENTS
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Since Subject does not
operate in Costa Rica, no trade credit experience was traced in the local
market.
CREDIT HISTORY -
In August 2006, Subject did
not report credit experience.
LAWSUITS ? .-
No lawsuits were filed
against Subject.
BANKING INFORMATION
BANKERS
Subject does not operate
in Costa Rica, hence no current accounts were found.
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%)