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MIRA INFORM REPORT

 

 

Report Date :

19.04.2011

 

IDENTIFICATION DETAILS

 

Name :

EVERARDO MALDONADO Y CIA LTDA

 

 

Registered Office :

32 Calle 7-51 Zona 11 Colonia Las Chartas Ciudada de Guatemala

 

 

Country :

Guatemala

 

 

Year of Establishment  :

1996

 

 

Legal Form :

Company Limitada

 

 

Line of Business :

Pharmaceutical Packaging Services

 

 

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 40.000

 

 

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: Low

Currency: 100 GTQ = 12.34 USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Legal Name:

EVERARDO MALDONADO Y CIA LTDA

 

 

Legal Address

32 Calle 7-51 Zona 11 Colonia Las Chartas Ciudada de Guatemala

 

 

Telephone:

(502) 23219000

RTU :

N.A

Fax:

(502) 24762137

Legal Form:

Company Limitada

Email:

ventasamd@amdenvases.com

Registered in:

GUATEMALA

Website:

www.amdenvases.com

Date Created:

1996

Manager:

Federico Maldonado Reichstein General Manager

Date Incorporated:

1996

Staff:

30

Stock:

N.A

 

 

Value:

 

Activity:

Pharmaceutical Packaging Services.

 

 

BANKS

 

Name of the Bank

BANCOMER

Location                                   

Guatemala

 

BUSINESS

 

HISTORY

 

This company was established in the year 1996

PRINCIPAL ACTIVITY

 

The company engages as a packaging industry service provider.

 

Products/Services description:

 

Bottles

Caps

Packaging for medical provisions.

Sales are:

 

Wholesale

Clients:

 

Pharmaceutical and Veterinarian industry

Operations area:

 

National, Local

The company imports from Argentina, asia

The company export to Central America

Trade References:

 

The person contacted refused to provide the names of their suppliers on grounds of confidentiality

PAYMENTS

 

made on a 60 days basis - monitored over the last 12 months

 

LOCATION

Headquarters

 

The company is headquartered at 32 Calle 7-51 Zona 11 Colonia Las Chartas Ciudad de Guatemala.

Branches:

 

There were no branches found for this company.

 

 

Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

This is a privately held company that has Ing. Federico Maldonado Reichstein as the main shareholder.

Management:

 

Federico Maldonado Reichstein: General Manager

 

 

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.

 

Those figures are estimates provided by confidential banking and financial institutions working with the company.

Currency

DATE

 

USD

2010

 

Turnover

2,900,000

 

Operating Income

101 000

 

Net Income

79 000

 

Net worth

350 000

 

Bank liabilities

10 000

 

The cash flow is

Normal

 

 

Currency

DATE

USD

2008

Turnover

2.7 M

Operating Income

39 000

Net Income

21 000

Net worth

155 000

Bank liabilities

30 000

The cash flow is

Normal

 

Legal Fillings

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



 Rating

 

Local credit bureau gave a Correct credit rate.

 

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

 

 Final Opinion

 

This company has been in business for 14 years, it has a staff of 30 employees which makes it a small sized company. There were no legal filings found against the company or its legal representatives.

 

The turn over is correct, the cash flow is normal and the bank debt is controlled.

 

A credit line may be considered for USD 40.000

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

CORRECT

Public

NO

 

Indebtedness

CONTROLLED

Payments

REGULAR

 

Cash

NORMAL

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.27

UK Pound

1

Rs.72.08

Euro

1

Rs.63.66

 

 

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

--

NB

                                       New Business

 

--

 

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.