MIRA INFORM REPORT
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Report Date : |
15.07.2011 |
IDENTIFICATION DETAILS
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Name : |
PROMOTORA INTERNACIONAL DE PARTES LTDA |
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Registered Office : |
Complejo Logistico E Industrial Siberia 150mts Gl Siberia Via Cota Bl E Bg 11 Cota Cundinamarca |
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Country : |
Colombia |
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Financials (as on) : |
31.12.2004 |
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Date of Incorporation : |
26.08.1983 |
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Legal Form : |
Compania Limitada |
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Line of Business : |
Auto Parts |
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 : |
USD 100,000. |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Colombia |
a2 |
a2a |
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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 |
GEOPOLITICS - COLOMBIA
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Republic
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Currency: 100.00 COP = 0.0567376 USD |
IDENTIFICATION
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Ordered as: |
Promotora International De Partes Ltda |
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Address in the order: |
Complejo Logistico E Industrial Siberia 150mts Gl Siberia Via Cota Bi E
Bg 11 Cota Cundinamarca |
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Legal Name: |
PROMOTORA INTERNACIONAL DE PARTES LTDA (Propartes) |
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Trade Name: |
PROPARTES |
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Legal Address |
Complejo Logistico E Industrial Siberia 150mts Gl Siberia Via Cota Bl E
Bg 11 Cota Cundinamarca Colombia |
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Operative Address |
Complejo Logistico E Industrial Siberia 150mts Gl Siberia Via Cota Bl
E Bg 11 Cota Cundinamarca Colombia |
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Telephone: |
+57 (1) 896-6363 |
NIT : |
860350170-5 |
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Fax: |
+ 57 (1) 876-7060 |
Legal Form: |
Compania Limitada |
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Email: |
Registered in: |
Colombia |
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Website: |
Date Created: |
August 26th 1983 |
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Manager: |
Franco Sanchez Jorge Luis, President |
Date Incorporated: |
August 26th 1983 |
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Staff: |
60 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Auto parts |
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BANKS
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Name of the Bank |
Bancolombia |
BUSINESS
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HISTORY |
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The company was created in the year 1983 |
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PRINCIPAL ACTIVITY |
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The company engages in the retail and distribution of auto parts. |
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Products/Services description: |
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Lubricants Filtration Chemicals Coolers Electric parts Suspension parts Power sports line |
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Sales are: |
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Retail |
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Brands: |
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Elf, Total, Mann Filter, K&N Filters, Purflux, Tecnocar, Fram,
Prolube, Beru, Splitfire, Peak, Petro
Chemical, Bilstein, Koni,
Akebono, Ebc Brakes, Pagid, Weather
Tech, Pexbox |
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Clients: |
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Car technisians General Clientele |
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Operations area: |
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National, Local |
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The company imports from Europe and Asia |
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The company does not export |
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Trade References: |
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The person contacted refused to provide the names of their suppliers
on grounds of confidentiality |
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The subject employs 60 employee(s) |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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The company is headquartered At Complejo Logistico E Industrial
Siberia 150mts Gl Siberia Via Cota Bl E Bg 11 Cota Cundinamarca Colombia |
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The property is: |
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Owned |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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The company is privately held by Franco Sanchez Jorge Luis |
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Management: |
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Franco Sanchez Jorge Luis President Roa Marquez Catalina Ximena Vice President Eduardo Rubio Albornoz Financial Controller Eliana Rodriguez Ardila Financial Controller Ruth Salamanca Gonzalez Accountant |
Financials - COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial statements. |
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We have contacted the operator of the company who refused to
provide us any financial data without knowing the name of the inquiring
party. |
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However our financial sources could provide us with the following data
(these are the main figures). Those figures are estimates provided by confidential banking and
financial institutions working with the company. |
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Currency |
DATE |
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COP |
2010 |
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Turnover |
16,262,280,000 |
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Operating Income |
2,299,143,000 |
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Net Income |
1,027,431,000 |
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Current Assets |
10,344,999,000 |
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Fixed Assets |
5,659,762,000 |
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Net worth |
5,081,177,000 |
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Liabilities |
7,082,130,000 |
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The cash flow is |
Normal |
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Currency |
DATE |
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USD |
2009 |
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Turnover |
7,082,898.78 |
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Operating Income |
980,005.38 |
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Net Income |
333,443.52 |
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Current Assets |
3,656,247.92 |
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Fixed Assets |
1,651,809.78 |
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Net worth |
1,559,541.81 |
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Liabilities |
2,293,653.30 |
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The cash flow is |
Normal |
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Comments on the financial data: Please, find
enclosed the full financial figures. |
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Legal Fillings |
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The
sources consulted record no detrimental legal or labor court information. |
Rating
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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. |
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Final Opinion |
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This Colombian company has been in
business for 28 years. It has a staff of 60 employees which makes it a medium
sized company. There were no legal filings found against
the company or its legal representatives. The company is established and growing. A credit line may be considered for USD
100,000.- |
SUMMARY
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Profitability |
CORRECT |
Public |
NO |
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Indebtedness |
HIGH |
Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Position |
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Operator |
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Comments |
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The person contacted refused to provide us any information on grounds of
confidentiality. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.53 |
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UK Pound |
1 |
Rs.71.80 |
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Euro |
1 |
Rs.63.15 |
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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.