MIRA INFORM REPORT

 

 

Report Date :           

07.04.2011

 

IDENTIFICATION DETAILS

 

Name :

GRUPO INDUSTRIAL ALIMENTICIO SA

 

 

Registered Office :

Km 26.5 Carretera Al Pacifico, Entrada A Amatitlan Guatemala City

 

 

Country :

Guatemala

 

 

Date of Incorporation :

27.08.1999

 

 

Legal Form :

Sociedad Anonima

 

 

Line of Business :

Manufacture and commercialization of food products

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 150,000.

Status :

Satisfactory

Payment Behaviour :

Regular

Litigation :

Clear 

 

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Guatemala

b2

b2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

GEOPOLITICS - GUATEMALA

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Republic


Economic Risk: High

Currency: USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Ordered as:

Grupo Alimenticio SA

Address in the order:

KM 26 Carretera AL Pacifico Entrada A Amatitlan

 

 

Legal Name:

GRUPO INDUSTRIAL ALIMENTICIO SA

Trade Name:

GRUPO ALZA

Legal Address

Km 26.5 Carretera Al Pacifico, Entrada A Amatitlan Guatemala City, Guatemala

 

 

Telephone:

502-66288000

NIT :

22358307

Fax:

502-66288010

Legal Form:

Sociedad Anonima

Email:

evelynsantizo@grupoalza.com

Registered in:

Guatemala, Guatemala

Website:

www.grupoalza.com

Date Created:

1981

Manager:

Stephen Alejandro Bueso Matheu

Date Incorporated:

August 27, 1999

Staff:

300

Stock:

N.A.

 

 

Value:

N.A.

Activity:

Manufacture and commercialization of food products.

 

 

BANKS

 

Name of the Bank

BANCO GYT

 

BUSINESS

 

HISTORY

 

Company created in 1981, in Guatemala, Guatemala, under the name of Alimentos y Especias de Centro América ALESCA, currently it has the name of GRUPO ALIMENTICIO INDUSTRIAL, with legal structure of SOCIEDAD ANONIMA.

PRINCIPAL ACTIVITY

 

Manufacture and commercialization of food products.

Products/Services description:

 

Species, mixed nuts, pet food, raisins, among many others.

Sales are:

 

Wholesale

Brands:

 

Sasson, cashitas, harpp, montano, familiar.

Suppliers:

 

This information is considered as confidential by the company.

Operations area:

 

National, International

The company imports from USA, Mexico.

The company does not export

The subject employs 300 employee(s)

PAYMENTS

 

made on a 75 days basis - monitored over the last 12 months

LOCATION

Headquarters

 

Km 26.5 Carretera Al Pacifico,

Entrada A Amatitlan

Guatemala City, Guatemala

Surface area:

 

10,000 m2

The property is:

 

Owned

Comments on location:

 

Divided in administrative offices, warehouse and production area.

Branches:

 

Company has a branch at:CARRETERA ROOSEVELT KM 19, 6-20 Z-1 MIXCO LO DE COY Guatemala - Guatemala,

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

BUESO FAMILY

Management:

 

Stephen Alejandro Bueso Matheu: Manager Legal Rep.

Estuardo Roberto Bueso Deras: Partner

Estuardo Roberto Bueso Matheu: Partner

Related Companies:

 

Company has offices in El Salvador and Honduras, legal names were not provided.

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

However our financial sources could provide us with the following data (estimates):

 

Currency

DATE

USD

2009

Turnover

18,500,000

Operating Income

230,000

Net Income

184,000

Net worth

2,000,000

Bank liabilities

3,000,000

The cash flow is

correct

 

Legal Fillings

 The sources consulted record no detrimental legal or labor court information.

 Final Opinion

 

The company has more than 11 years of experience with no legal changes since its incorporation; the principal directors have presented no negative data, reporting steady activity and having shown positive development. They currently have the support of 300 employees at a medium group level.  

The profitability is correct, the indebtedness is high, the cash is correct, and the payments are regular.

 

Based on the information analyzed, we recommend a credit line for the maximum amount of USD 150,000.

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

CORRECT

Public

NO

Indebtedness

CONTROLLED

Payments

REGULAR

Cash

NORMAL

 

 

 

 

APPENDIX

 

Comments

 

We contacted the administration department of the company, and they told us that the information we require is considered as confidential, we asked the person for its name and position in the company and he just hanged up.

 

The information in this report was obtained through third sources.

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.22

UK Pound

1

Rs.72.25

Euro

1

Rs.63.09

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.