MIRA INFORM REPORT
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Report Date : |
11.04.2011 |
IDENTIFICATION DETAILS
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Name : |
CORPORACION DELICO CIA. LTDA. |
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Registered Office : |
Vía Duran - Tambo, a la altura del Km. 2 ½, Av.
Principal S/N, Ciudadela San |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
21.09.2007 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Import and marketing of dry food |
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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Maximum Credit Limit : |
Dollars 280.000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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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
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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c1 |
c1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
IDENTIFICATION
CORPORACION DELICO CIA. LTDA.
(DELICO CIA. LTDA. )
Vía Duran - Tambo, a la altura del Km. 2 ½, Av. Principal S/N, Ciudadela San
Enrique - Durán
Guayas
ECUADOR
Telephone :
593-4-2813949, 593-4-2839399
Fax : 593-4-2813949
E_Mail : aochoa@delico.ec , ctalbot@delico.ec
Web Site : www.delico.ec
SUMMARY
Started :
2007
Total Employees : 25
Payments :
Prompt
Subscribed Capital : US$ 400.-
Sic(s) : 5149 - 5153
Line of Business: Import and marketing of dry food
Credit Recommendation
Dollars
Conservative value :
280.000
Liberal value
: 340.000
Financial indicators
Financial statements could not be obtained, thus financial analysis can not be
carried out
TRADE REFERENCES
In
Detail of Former Trade References
--------------------------------------------------------------------------------
Last
Credit Owes
Old Purch. Payment.
Notes
(US$) (US$)
--------------------------------------------------------------------------------
Since 2007 02-10 Prompt
checks
Open
-
1 year 08-08 Prompt
checks
Open None
This company is part of the ''White listing'' of the Internal Revenue Service
(IRS). It means that tax obligations are promptly met.
Taxpayer class: special
This company has NO delayed payments at IESS
(Ecuadorian Institute of Social Security)
Detail of Bank References
Qualifications of the Ecuadorian Financial system
A
Normal Risk
B Potential Risk
C Poor Record
D Unsecured Collection
E Uncollectable debt
The lowest qualification registered by Corporacion Delico Cia. Ltda. in
the National Financial System is (A)
Bank
: Banco Bolivariano C.A.
Qualification
: A
To
expire
: US$ 205.833,31
Total debt is US$ 205.833,31
Average amount of indebtedness registered by the subject, in the National
Financial System:
During 2010 was US$ 38.943,90
During 2011 was US$ 172.760,12
Income tax corresponding to the last years:
Year 2009: USD 48.771
Year 2008: USD 31.023
Year 2007: USD 10.827
BANKS
The main banks are:
- Banco Bolivariano
- Banco de Guayaquil S.A.
- Banco Pichincha
OPERATIONS
Line of Business : Import
and marketing of dry food
The economic activity in the Servicio de Rentas Internas
(SRI) is:WHOLESALE AND RETAIL OF FOOD IN GENERAL.
Corporate porpuse in the Superintendencia
de Compañías
is: Importation, distribution and marketing of all kinds of
food, in its natural condition or processed.
Classification according to commercial activity:
Sic: 5149-0000 Groceries and related products
-0803 Fruits, dried
Sic: 5153-0000 Grain and field beans
Sales
Sales are steady throughout the year
National sales territory
According to the interviewed person, the approximate monthly sales average is
US$ 750.000,00
Customers
Main customers are: Line of business' distributors,
supermarkets.
Purchases
Domestic and international purchases
Imports from
Main suppliers
- Cartimex S.A.
Employees: 25 employees
According to the last report made in April, 2010, this company had 17
employees;
to the date, it increased 8 employees
Location
- The administrative offices are located at Vía
Duran - Tambo, a la altura del
Km. 2 ½, Av. Principal S/N, Ciudadela
San Enrique Durán Guayas, Ecuador
Branches (06/04/2010)
Subject does not have any branch
RELATED COMPANIES
Subject
is related to the following companies:
- Metrotours Cuenca M.T. Cia. Ltda. T A X : 0190107590001
- Carpicentro S.A. T A X : 0990331103001
Guayaquil Guayas
- Furoiani Obras Y Proyectos S.A. T A X :
0990183899001
- Intellicom Informatica
Y Afines C.Ltda. T A X :
0990299064001
- Inmobiliaria Furoiani Sa
T A X : 0990310149001
- Decadro S.A. T A X : 0991285326001
- Cartimex S.A. T A X : 0991400427001 Guayaquil
Guayas . Sales as at 31/12/2009
US$ 64.356.237
- Evora S.A. T A X : 0992146605001
- Prezamce S.A. T A X : 0992155833001
- Xtratechcomputer S.A. T A X : 0992166452001
- Ecuaenlacesatelital S.A. T A X : 0992187727001
- Sixprensa S.A. T A X : 0992136413001
- Acker S.A. T A X : 0992385480001
INSURANCES
Insurance Company:
-Compañia de Seguros Condor S.A.
ADMINISTRATION
President
: Jorge Emilio Zambrano Poggi TAX:1304067653001
President
: Fernando Andre Mortola Bernhard
TAX:0905415956001
General Manager : Omar Frabricio
Molestina Bruzzone
TAX:0908899693001
Vice President : Carlos Luis
Talbot Arteaga
Finances Manager : Maria Angelica Salazar
CURRICULUM
Jorge Emilio Zambrano Poggi
T A
X
: 1304067653001
Birth place : Ecuador
Position :
President
Mercantile Register : Number 211 of 28/09/2007
Previously : Was
registered legally in the SRI to perform personal
business from 02/08/1996 to 31/12/2007. His economic
activity was: Regular or not regular Carriage of freight
by road in trucks. No trade name.Currently it
is
definitely closed down
He is legally registered as President, but it was
confirmed that he no longer holds that position.
Fernando Andre Mortola
Bernhard
T A
X
: 0905415956001
Birth place : Ecuador
Position :
President
Curriculum : It was
confirmed that he holds the position of President
but he is not legally registered
Omar Frabricio Molestina Bruzzone
T A
X
: 0908899693001
Birth place : Ecuador
Position :
General Manager
Mercantile Register : Number 212 of 28/09/2007
Simultaneously : Is registered legally in the SRI
to perform personal
business since November 22, 1994. . His registered line of
business is: Wholesale and retail of food in general. No
trade name.
LEGAL INFORMATION
Legal Structure :
Limited Liability Partnership
Constitution date :
21/09/2007
Authorization : Resolution Nº 5572
Notary
: N° 25, Guayaquil
Guayas
Term of duration :
100 Year, ended on 21/09/2107
Legal Address : Duran - Ecuador
Published in : Official Gazette dated 27/08/2007
Current Subscribed Capital: US$ 400.-contributions US$ 1.-
Subscribed Initial Capital: US$ 400.-
Paid-in Initial Capital: US$ 200.-
Legal representation is held by General Manager, President..
Registered trade name: Delico Cia.
Ltda.
The main partners are the Messrs: Jorge Emilio Zambrano
Poggi, Omar
Frabricio Molestina
Bruzzone, and the company Sixprensa
INFORMATION
SOURCES
On 01/04/2011 Miss. Maria Angelica Salazar, Finances Manager, declined
financial information as she is not authorized to provide it. however,
submitted general information.
-Other outside information sources.
Exchange rate
-Since September 9th, 2000, official currency in
is the US$ dollar
-Until then, the currency was the sucre.
Exchange rate was s/. 25.000 X US$ 1.00
INTERPRETATION OF RISK LEVEL AND CREDIT RECOMMENDATION
Macroeconomic Information
Interest
Rate for the week
of
01/03/2011 - 31/03/2011
Ref.
Active Rate for Operations ( %
) 8,65
Ref. Passive
Rate for Operations ( % ) 4,59
Basic
Rate of Central Bank ( % )
Legal
( % ) 8,65
Maximum
conventional
( % ) 9,33
Inflation
Ratio
Monthly
Inflation
( % ) 0,55 Feb/2011
Accumulated
( % ) 1,24 Jan/2011
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.04 |
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1 |
Rs.72.20 |
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Euro |
1 |
Rs.63.40 |
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 |
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 |
|
<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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.