MIRA
INFORM REPORT
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Report Date : |
20.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
BIOGENERIS S.A. |
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Registered Office : |
1A. Av. 34-77, Zona 12, Colonia El Carmen Ofibodega 3, La Coruña |
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Country : |
Guatemala |
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Date of Incorporation : |
04.08.2000 |
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Legal Form : |
Joint-Stock Company |
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Line of Business : |
Import and Commercialization of Chemicals for Cosmetic, Food and
Pharmaceutical Industries. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
IDENTIFICATION
CORRECT COMPANY NAME : BIOGENERIS S.A.
TAXPAYER REGISTRATION : NIT 2488235-6
OPERATING STATUS :
Active
MAIN ADDRESS : 1a. Av. 34-77, Zona 12, Colonia El Carmen Ofibodega
3, La Coruña
CITY/PROVINCE/STATE : Guatemala
COUNTRY : GUATEMALA
TELEPHONE : (502)2476.7847
E - MAIL : gsolorzano@biogeneris.com
WEB SITE : www.giogeneris.com
SUMMARY
Incorporation : 2000 Operating
Status : Active
Last Capital : No precisado
Finantial Situation : UNDETERMINED
Employees : 15
Payments : Usually to terms/good
Business Trend : Stable, unchanged
QUALIFICATION
PAYMENTS: Usually to
terms/good
LEGAL BACKGROUNDS
LEGAL STATUS : Joint-Stock
Company
DATE OF INCORPORATION : 04AUG2000
REGISTERED IN : Guatemala
NOTARY OFFICE : Fernando Arévalo
Flores
REGISTRATION : No.44963, Page 592, Book 138, File
28651/2001
CURRENT PAID-IN CAPITAL :
Not
specified
LISTED AT STOCK EXCHANGE : No
CURRENT EXCHANGE RATE : Q.7.67 per US$1.= Dollar
DIRECTORS / EXECUTIVES /
SHAREHOLDERS
FULL NAMES / COMPANY NAME TITLE OWNERSHIP %
CABALLEROS SUAREZ, RAMON
ERNESTO General Manager 50%
SOLORZANO HERNANDEZ, GLEDA
MARISOL Administrator
PEREZ, HUGO Accountant
MATAS CRUZ, EVELY IVETT Shareholder 50%
BUSINESS
MAIN ACTIVITY .-
This company is engaged in import and commercialization of chemicals for
cosmetic, food and pharmaceutical industries.
IMPORT : Yes (From USA,
Mexico, India, Canada, Peru; payment by transfer)
EXPORT : Yes
% CASH SALES/METHOD : 10%
% CREDIT SALES/TERMS : 90% (30-day terms)
% FOREIGN SALES(COUNTRIES) :
05%
SELLING TERRITORY : 95% (Domestic market)
EMPLOYEES : 15
FACILITIES .-
Premises : Rented
Use : Main administrative
offices and warehouses
FINANCIAL INFORMATION
After many arrangements were performed, we
interviewed Mr. Hugo Perez (Accountant), who
provide generic commercial information.
Regarding latest financial statements, he said
that he would send them as soon as possible.
If so, we will immediately send an updated
report; otherwise please consider this
report as final.
It should be mentioned that at the same
time, it was resorted to several external
consultation sources, where it was found
complementary information. In spite of
efforts, it was not found any balance sheets
or estimated figures.
FINANCIAL SITUATION : UNDETERMINED
While it is true that it was not found any
balance sheets to assess its results, based
on collected information, it should be emphasized
that this is a company that was
incorporated in 2000. It is engaged in
commercialization of imported chemicals and it
is a small-sized company. It was not found
any adverse records against subject.
PROPERTIES OF THE COMPANY .-
VEHICLES: Subject is referred to own the
following motor vehicles:
(01) SUZUKI motorcycle, year 2003,
registration plate M175955
(01) MITSUBISHI panel van, year 2003,
registration plate P869978
(01) Van, year 2003, registration plate
P858468
(01) MAZDA car, year 2002, registration
plate P780208
INSURANCE .-
Company
Against Amount Validity
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ASEGURADORA MUNDIAL
All risk Not specified N/specif.
PAYMENTS RECORD
TRADE REFERENCES .-
Line of Credit _ Monthly
Average _ Terms(days)) Performance? _ Time _ Products/Services Supplier
1 Not specified
Q.15,000.= Ch/15
days Prompt 4 years Customs services
Domestic
COMMENTS .-
We have requested references to another local supplier, but this has not
replied to our request for references.
It was not provided any information on foreign suppliers.
LIST OF DOMESTIC SUPPLIERS .-
Suppliers listed Alphabetically. There is not relationship as for the order
above
Supplier _ Telephone _
Despachante Julio Soto (502) 54802598
Transexpres (502) 22859849
LAWSUITS ? .-
To the date of this report, it was not found
any lawsuits or judicial proceedings against subject or the General Manager.
BANKING INFORMATION
BANKERS
Bank
BANCO CUSCATLAN
BANCO INDUSTRIAL
Subject carries out its financial operations through the above-mentioned
entities. No additional information was provided.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.08 |
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UK Pound |
1 |
Rs.71.17 |
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Euro |
1 |
Rs.66.98 |
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%)